Latest articles by Evan T. Beach, CFP®, AWMA®
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Five Things to Know if You're Considering Early Retirement
Making Your Money Last Whether you’re facing a layoff or buyout or planning an early exit on your own, check out these strategies to see if you’re ready for early retirement.
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Five Tax Moves Retirees Should Consider Before Dec. 31
Now is the prime time to start thinking about optimizing your Roth conversions, RMDs, capital gains, Medicare premiums and charitable giving before the end of the year.
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If You Work in Retirement, Can You Save in a Retirement Plan?
Yes! Well, probably. If you meet the requirements, there are multiple retirement plans you can choose from.
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You've Just Inherited an IRA: What Do You Do Now?
The rules on inherited defined contribution plans (not just IRAs) seem like a moving target, but here’s what you need to know (as the rules stand now).
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Four Reasons You Don’t Need a (Revocable) Trust
Sometimes a basic will, setting up TOD and POD designations and choosing beneficiaries for retirement accounts, life insurance and annuities will do the trick.
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Four Reasons Retirees Need a (Revocable) Trust
Just because an estate attorney or ad recommends a revocable trust doesn’t mean you actually need one. However, maybe one of the following situations applies to you.
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Should I Pay Off My Mortgage When I Retire?
retirement The answer for you depends on your interest rates and where you would pull the money from to do it. Here are some scenarios to help work it out.
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Will You Have a Happy Retirement (Even With Enough Money)?
Before you retire, you should consider three non-financial essentials, such as who you are without your work, what your days will look like and who your friends are.
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Which Retirement Accounts Should You Withdraw From First?
Here’s a standard order for when you should tap which account when you’re in retirement.
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Leaving an Inheritance? Is It Better to Give to Kids Now or Later?
Retirees should secure themselves first, and if you’re all set there, then consider a few other things, such as the impact on the kids and tax issues.
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Should I Sell or Rent My House When I Relocate for Retirement?
This decision isn’t easy, thanks to investment, tax and other considerations. Let’s explore the implications of each.
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Find Out in 5 Minutes If You Have Enough to Retire
retirement It’s a common question these days: My portfolio is way down. Can I still afford to retire? To calculate a ballpark answer, here’s a quick and easy exercise.
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Four Options When – Not If – Your LTC Premiums Go Up
long term care insurance If you’re dreading getting a letter in the mail about your long-term care insurance premiums rising, you’re in good company. And you have some decisions to make.
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How the Latest Biden/House Tax Proposal Affects Millionaire Retirees
tax planning The current version of the Build Back Better plan shouldn’t be that scary for retirees with a net worth of $1 million to $5 million. In fact, there could be a pleasant surprise or two for them.
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4 Reasons Retirees Should Care About the New Coronavirus Stimulus Package
Coronavirus and Your Money Yes, the possibility that you’ll get a stimulus check is definitely something to care about, but there are other aspects of this act involving taxes and RMDs that could directly affect retirees like you.
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5 Financial Boxes You Should Check Before COVID-19 Strikes
retirement You're doing everything you can to stay healthy for your family. Now go the extra step and take care of all the loose ends left hanging from your estate plan.
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Why Retirees Should Care about the CARES Act: How to Maximize Coronavirus Stimulus Package
Making Your Money Last The government's $2 trillion stimulus bill has something for pretty much everyone. Here's how retirees are affected and some steps to consider to make the most of this measure.
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5 Strategies for Retirement Immunity Despite Coronavirus Crisis
retirement Whether you're worried your job may be on the chopping block or you’ve seen your retirement investments take a big hit, there are ways to help protect your financial future right now.
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4 Ways Women Can Win with the SECURE Act
retirement The legislation wasn’t designed only for women, but there are four distinct ways they can take advantage with these retirement planning opportunities.
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4 Estate Strategies for Affluent Retirees Under the SECURE Act
IRAs Successful estate planning takes taxes into consideration, and some significant retirement legislation that just became law changes the equation on that. Here are four specific ways to protect your heirs and yourself.
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5 Things Affluent Retirees Should Do Now that the SECURE Act Has Passed
IRAs Here are some ways to take advantage of provisions that are beneficial, and mitigate those that aren't.
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What Happens to You When Your Financial Adviser Retires?
Financial Planning Unless you’re working with someone at least 20 years younger than yourself, chances are you will need to find new help sometime during your retirement.
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Giving to Charity: Strategies to Ensure a Tax and Human Benefit Under New Tax Law
tax law Changes to the tax law in 2018 have taken away most people's ability to deduct charitable contributions. But there are still a few options to consider in order to give and still receive.
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The Impossible Reality of Long-Term Care Planning
long term care Unless you're very rich or very poor, you should be looking into all of the long-term care possibilities out there. Because of the costs and complexity involved, the choice isn't easy. But it is necessary.
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