As people age, it’s common for their retirement plan to represent the largest portion of their assets. Because there are specific rules about how retirement accounts (like IRAs and 401(k)s) can transfer to beneficiaries, these accounts can require special attention in estate planning. In some cases, a retirement trust may be the right estate planning solution for large retirement accounts. Learn all about this type of trust here:https://ow.ly/6AP750Snyql
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Our vision has always been to help all people reach financial freedom. Retirement is a significant component of people’s wealth. We’ve found that by retirement age, households average 3.5 retirement accounts, Most people need to go beyond their employer’s retirement plan for viable advice. For individuals who want advice on all household retirement accounts, they can now get that through the GuidedChoice Advisory Service. Start planning today Guidedchoice.com
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Enabling clients to reduce cost and improve investments with specialist ongoing consulting to achieve better retirement outcomes l Business Development Manager I Championing mutually positive futures everyday.
Let's talk Two-Pot Retirement System. All you need to know about the regulatory changes to retirement savings and what to expect in September. Also, a Savings Pot calculator, a fund agnostic tool, where you can calculate your potential Savings Pot value and the taxes due.
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Across the board, DC plan participants said they would need assistance picking the right in-plan retirement income solution(s) to help them turn their DC plan savings into sustainable income in retirement. Learn more about how plan sponsors can help every generation create a more secure retirement. https://inves.co/48JxQ2G
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Utilizing a backdoor Roth IRA allows high-income earners to bypass income limits and contribute to a Roth IRA indirectly. By making nondeductible contributions to a traditional IRA and then converting them to a Roth IRA, individuals can enjoy tax-free growth and withdrawals in retirement. This strategy is particularly beneficial for those who exceed the income thresholds for direct Roth IRA contributions but still want to take advantage of tax-free retirement savings. Additionally, backdoor Roth conversions offer flexibility in retirement planning and can complement existing retirement accounts by providing tax diversification. #taxplanning #businessowners
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As the Secure Act 2.0 updates kick in, be prepared to make adjustments to your retirement accounts. On this episode of the Dentist Money™ Show Ryan Isaac and Matt Mulcock look at the SECURE Act 2.0 and the new benefits it adds to 401(k), IRA, Roth, and other retirement plans. https://lnkd.in/gE7RuP3c You'll learn: 👉 How Secure Act 2.0 can enhance your retirement accounts 👉 Ways to simultaneously save for retirement and address your educational loans 👉 Methods for accessing emergency funds through your retirement accounts
SECURE Act 2.0 & Retirement Plans: What You Need to Know - Episode #447
dentistadvisors.com
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Beneficiary designations are a critical yet often neglected aspect of retirement plans. Many participants mistakenly believe that their retirement plan assets will be distributed according to their will or trust. However, retirement accounts are governed by their own rules, meaning the named beneficiary on the account will typically inherit the funds, regardless of other estate planning documents. To learn more, please click the link below to view our Monthly Retirement Report
AdvisorySouth Monthly Retirement Report
stevejohnsonadvisorysouth.advisorstream.com
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Founder/President-Safe Money Retirement®, Certified Financial Fiduciary®, #1 Bestselling Author, Ed Slott Elite Advisor, Radio and Podcast Host, Retirement Income and Wealth Preservation Expert
In this week's episode, we'll discuss the 4 "L's" in retirement and why they are important. How long do you need to plan for in retirement? What is most important in making a long-term plan? How do you want to live in retirement? Do you need to have access to your funds? What do you want to pass on to those left behind once you're gone? Isn't it time to get answers to the tough retirement questions now? Join Certified Financial Fiduciary® Tim Wood each week for a discussion about protecting your retirement dollars, guaranteed lifetime income plans, retirement tax planning, and more. Visit us online at https://lnkd.in/gk9is3fw for more information or to get a FREE copy of Tim's bestselling book. Safe Money Retirement® - Insuring Your Retirement Dreams
What are the 4 "L's" in retirement and why are they important to your retirement plan? - The Safe Money Retirement Show
buzzsprout.com
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If you are unsure where to begin because you lack a retirement account or plan, you are not alone. Around a third of homeowners in the United States do not have a retirement account, based on Federal Reserve survey findings. Additionally, about two-fifths of individuals in their 40s, 50s, and 60s have no retirement savings. Even those with financial resources can struggle with saving for retirement. There are numerous ways that people can make mistakes in this area. https://lnkd.in/gXKUTBsq
12 ways to screw up your retirement savings
marketwatch.com
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Protecting Your Ability to STAY in Retirement. Learn how! | Certified Retirement Counselor® | YouTube & Podcast Host
Roth Conversion Strategy at 53 with $1,100,000 in Retirement Savings In this retirement video, we delve into a strategic approach to Roth conversions for individuals who find themselves at the ripe age of 53 with a retirement nest egg of $1,100,000 in retirement savings. We will break down the benefits and considerations of converting traditional retirement accounts, such as 401k's or traditional IRAs, into Roth IRA accounts. With a focus on tax efficiency and long-term financial goals, we navigate through the intricacies of timing, tax implications, and potential pitfalls to help you make informed decisions about your retirement strategy. Full Video: https://buff.ly/3HW0nHc
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Executive Director at Plan Sponsor Council of America; Chief Government Affairs Officer at American Retirement Assoc
Hey Retirement Policy Friends, a little bit of Crowdsourcing! I was always concerned the Lifetime Income Disclosure rule would decrease creativity in educating plan participants on the amount of money they need in retirement. Check out the link to Plan Sponsor Council of America's latest Question of the Week (https://lnkd.in/ewaxx2fp). Nearly 3/4 of plan respondents state they have seen no difference in what participants should know and that for many the disclosure is CONFUSING. The purpose behind the rule is spot on - it is the execution that we need to improve. Any suggestions?
Projected Retirement
psca.org
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