5999 Central Avenue, Ste. 408 St. Petersburg, FL. 33710
Business insights and articles written by our team of world-class professionals
In the previous article, we walked through the example of Bill and Sue. They did what most people do: saved consistently, built a meaningful IRA, and followed the advice they were given. And when they retired, they made what seemed like a very reasonable decision: Leave the IRA untouched for as long as possible. At
Up to this point, we’ve discussed several important ideas for Retirement Income Strategies: Individually, each of these concepts makes sense. But where things really become clear is when you see how they all come together in a real-life situation. So let’s walk through a simple example. Meet Bill and Sue Bill and Sue are both
When most people think about taxes in retirement, they tend to think about them in a very straightforward way. “How much tax will I pay on my withdrawals?” It’s a reasonable question. But in reality, taxes in retirement are not isolated events.
Up to this point, much of retirement planning has been about choice. You decide: And even in the early years of retirement, you often still have a high degree of flexibility. You can choose: But eventually, that flexibility changes. And for many people, it changes in a way that isn’t fully understood until it’s already
When most people look at their IRA, they focus on one thing: the balance. They see the number, see the growth, and see decades of disciplined saving paying off. And that’s understandable—because the growth is real, and it represents years of effort and consistency. But there’s another side to that number that is much less
The advice to delay withdrawals from your IRA is one of the most widely accepted principles in retirement planning. It’s simple, easy to understand. And for many years, it has worked extremely well. But like many financial strategies, it was designed for a specific purpose—and a specific phase of life. When that same advice is
If you’re between 60 and 75, there’s a very good chance you’ve followed a financial strategy that has served you well for decades. You worked hard, saved consistently, and contributed to your 401(k) or IRA year after year. You watched your retirement accounts grow over time. And along the way, you were likely given a