By implementing a system that uses return stacking to enhance portfolio efficiency, applies probability of failure decision rules to optimize withdrawals, and strategically manages taxes across account types, retirees can significantly improve their financial security throughout retirement while maximizing their standard of living.
Every financial advisor worth his or her salt knows the sublime benefits of the well-known and easily-confusing social security strategy called “File-and-suspend.” The strategy was for the higher wage earner to file for benefits but elect to suspend receiving them and so earn deferred retirement credits.
Student debt is a real problem for many college graduates. Over 70% of students will graduate with loans in 2015, according to the Wall Street Journal, and the average debt per borrower is an astounding $35,000. What are some of the best ways to pay down that student debt as quickly as possible?
If you’ve been reading my blog you’d know that I think Roth savings are a great opportunity for many, many investors. If you plan to max out your contributions this year you can effective save more by saving in a Roth, whether an IRA or 401(k). Recently I’ve run across a common calculator available on the internet. When a user puts in their details it is supposed to help you compare saving in a Roth 401(k) or traditional 401(k). However, the default assumption is that when you decide how much to contribute you will reduce the amount you will be saving in a Roth by the amount of taxes you would have to pay. That seems like something a rational investor would do, right?
Independent Financial Planning, LLC is a Virginia registered investment advisor.
