Kyle Latemer’s Post

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

This recent article offers a fresh perspective on retirement based on “The Retirement Challenge: What’s Wrong with America’s System and a Sensible Way to Fix It”, a book that highlights the successes and shortcomings of America’s retirement system and provides a roadmap for reforming the system. From equitable tax incentives to improved annuities markets and access to housing equity, take a look at these guideposts for reshaping the retirement landscape.

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

For individuals in their 40s who have yet to save for retirement, the challenge may seem daunting, but with strategic planning and the right financial tools, it's never too late to build a substantial nest egg. One increasingly popular option is utilizing an Index Universal Life (IUL) policy to create a tax-free retirement account. In this article, we'll explore how an IUL can become a tax-free retirement account, why it may be superior to a 401(k), and how it compares to a traditional Individual Retirement Account (IRA). #barrycorp #wealthbuilding #taxfreeretirement

Utilizing an Index Universal Life policy as a tax-free retirement account can be a powerful strategy for individuals in their 40s looking to catch up on retirement savings. The combination of tax advantages, market participation, and liquidity makes IULs an attractive alternative to traditional retirement accounts.

Did you know? Naming the right beneficiary can impact your retirement account distributions: The choice of beneficiary can affect the size of your annual required minimum distributions (RMDs) and the rate at which funds are distributed after your death. This is especially important for retirees who rely on their retirement accounts for income. Let's talk about your retirement plan today: https://lnkd.in/dVuStMAp

Thinking about retirement? It's never too late to start optimizing your contributions for tax benefits. Take strategic steps to maximize your retirement savings. Explore opportunities to contribute more to your 401(k) plan for a brighter future. Consider opening an IRA to expand your retirement savings options. Discover the advantages of a Roth IRA and how it can potentially offer tax free withdrawals. If you're 50 or older, take advantage of catch up contributions to turbocharge your retirement fund. Lower your taxable income by prioritizing savings. Ready to make the most of your retirement plan? Contact Simplify My Numbers for more information.

Individual retirement accounts (IRAs) and employer-sponsored retirement plans allow you to save in a tax-deferred account with the goal of providing income during retirement years. But what happens to the remaining assets in those retirement accounts when you pass away?

Discover how planning for required minimum distributions from retirement accounts can help you fund future needs and support loved ones.