Retirement Watch Weekly
Know When the Gain from a Home Sale is Tax Free
Many retirees sell their residences at least once during retirement. But often, they wait too long to consider whether their gains might be taxed. Timing matters a lot in determining taxes on the gain of a home sale. Retirees often lose important tax breaks with poor timing of the sale of their old homes and […]
Learn Whether a Traditional Annuity or an Income Rider is Best for You
Retirees and near-retirees are clamoring for more guaranteed lifetime income. But to optimize that income, they first have to sort through the different options and some heavy-handed marketing efforts. There are two basic paths to consider for guaranteed lifetime income. One path is traditional annuities. When you want income to start within the next 12 […]
Is Your IRA Safe from Creditors?
Retirement accounts are protected from creditors and lawsuits most of the time, but not all the time. You should know the circumstances when an IRA or other retirement account might be vulnerable. In general, qualified retirement accounts are protected from creditors, whether or not bankruptcy is declared, by the federal Bankruptcy Abuse and Consumer Protection […]
Plan Your 2024 QCDs and RMDs Now
The early months of the year are important for taxpayers ages 70½ and older who have traditional IRAs. The right plan developed early in the year can reduce taxes on required minimum distributions (RMDs) this year and for years to come. Not planning, or waiting until later in the year, can mean lost opportunities and […]
Discover the Best Type of Trust for Your Heirs
One of the most difficult issues in many estate plans is deciding how to leave money to heirs. Many estate owners are concerned about what will happen to the wealth in the next generation and the effects the inheritance will have on their heirs. Wealth is accumulated and preserved for the next generation at least […]
Bob’s Journal for 1/25
What You Should Know About the New Medicare Prescription Drug Spending Limit This year marks the beginning of the phaseout of unlimited out-of-pocket prescription drug spending for Medicare beneficiaries in the “catastrophic zone” of prescription drug spending. The rules apply only to those who have Medicare Part D prescription drug insurance. Those in Medicare Advantage […]
Bob’s Journal for 1/18
Can Artificial Intelligence Improve Investment Returns? Artificial intelligence, or AI, became mainstream in 2023. Businesses increased their use of it, and investors sought ways to invest in AI. But can using AI as part of the investment process improve your investment returns? A number of investment firms, including some exchange-traded funds (ETFs), have been developing […]
Begin 2024 with These 10 Actions to Improve Your Retirement Security
In my new Retirement Watch Spotlight Series, I’ll share my newest breakthrough strategies for protecting your assets and growing your portfolio, including how to prepare for the next market downturn. Click here now to learn more. […]
