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Roth IRAs are a great way to build tax-free retirement income—but the withdrawal rules can be tricky. In this video, I’ll break down the five-year rules, how contributions, conversions, an...
Retirement income plans often don't include late-in-life health or long-term care expenses. Here's how to cover for the unplanned withdrawals to pay for those....
In this episode, we address Joe’s question about how claiming Social Security benefits early can reduce withdrawals from retirement accounts and potentially lead to greater long-term growth. Joe...
You can't control the markets, but you can control how you withdraw your money. A comprehensive distribution plan can do wonders to help your savings last....
This rule of thumb on how much retirees can safely withdraw per year could lead some to run dry if stocks hit the skids. Annuities could help cover their bases....
This article in the November 2024 Bulletin by Richard Eisenberg should mention MaxiFi. It is a wonderful tool to plan withdrawals from pre-tax and post-tax retirement accounts and other financial acco...
The rule of $1,000 a month can estimate how much you need to save for retirement. But it assumes an aggressive withdrawal rate....
New study from IRALOGIX examines challenges of managing withdrawals; finds half of…...
New study from IRALOGIX examines challenges of managing withdrawals; finds half of…...
What’s a safe withdrawal rate for Wine Guy and Wine Gal in Sonoma California to have 35 years of “guaranteed” retirement spending? How aggressively should they convert their retireme...
I typed some semi-realistic numbers into RMD calculator. It seemed like the withdrawal amount was way way more than what my 4% would be in that same year of retirement. Is the RMD close to the same ea...
Think you might want to open a Roth IRA? Roth IRAs offer tax-free growth of your investments and no RMDs, but income limits are low and you have to wait to withdraw earnings....
In a recent post I shared how my net worth has held up against five years of retirement funded entirely by portfolio withdrawals. The good news was that my liquid net worth had increased since I retir...
Things to consider with an inherited 401(k) plan - such as, you can convert the plan to a Roth IRA, enjoying tax-free withdrawals afterward. The post Converting an Inherited 401(k) to Roth appeared fi...
Some 401(k)s allow for in-service withdrawals at age 59½, opening up greater investment options. Here are three reasons for taking the plunge....
Listener Michael asks about how Social Security is taxed, the rationale behind the 50% and 85% tax thresholds, and the implications of these taxes on Social Security and IRA withdrawals. James respond...
Insurers face significantly higher costs, and the government is changing the rules to forestall premium increases and policy withdrawals....
An interview with Big ERN, the man behind Early Retirement Now, where he discusses the pros and cons of FIRE and how to figure out withdrawal rates. The post Early Retirement Now with Big ERN appeared...
Discover three effective strategies for using Roth IRAs and Roth 401(k)s in retirement to maximize tax-free income, manage withdrawals, and secure your financial future....
Listener Michael asks about how Social Security is taxed, the rationale behind the 50% and 85% tax thresholds, and the implications of these taxes on Social Security and IRA withdrawals. James respond...
What is your strategy to withdraw money from your nest egg in retirement? Which accounts should you tap first? And how much can you safely withdraw every year … Without running through your ent...
Today, we answer your questions about rolling over an HSA, when to withdraw from your HSA, whether a UTMA or custodial Roth IRA is better for your kids, if it is a good idea to open a solo 401(k) for ...
May 16, 2024 – Welcome to another Safe Withdrawal Rate Series installment. Please see the landing page of the series for a guide to all parts so far. In Part 60, dealing with the “Die With...
Retirement is great but not exactly what I had envisioned. I'm not complaining! I pay all my monthly bills with automatic withdrawals from my brokerage account. I have more than enough money for every...
I've been reading and researching different allocation and withdrawal strategies for retirement savings and the 'bucket strategy' was one that appealed to me. The basic premise as I understand it, is ...
I'm still a few years away from being required to withdraw from my IRAs. A big part of the dollars needed to satisfy the minimum RMD is being generated by dividends and interest. In the event that I n...
March 7, 2024 – My claim to fame in the personal finance and early retirement community is my Safe Withdrawal Rate Series, which has now grown to 60 parts. But I also have another passion: tradi...
401(k) hardship withdrawals are on the rise, but NEW employer emergency savings accounts could help stem tide. By Tamara E. Holmes. Published February 28, 2024. https://www.aarp.org/retirement/plannin...
Barney and Betty in Maryland hit the jackpot. How’s Barney’s strategy for net unrealized appreciation, retirement withdrawals, and asset location for his $5 million employee stock ownershi...
Tax-savvy withdrawals in retirement are often overlooked or ignored by investors. That’s bad news when the Required Minimum Distribution (RMD) comes along and OUCH! As individuals approach retir...
Here's how to strategize withdrawals, optimize tax advantages and beat inflation ahead of a 2025 retirement....
So I have a realistic budget built and was analyzing my required yearly withdrawals from my retirement along with social security etc. I made an assumption of 4%inflation each year. Looking ten years ...
Our CouponCabin Review: 4.5 Stars CouponCabin offers a straightforward way to earn and save, with robust cashback and coupon offers. They allow for daily withdrawals once you’ve hit the payout t...
I'm trying to figure out how much of my 401k I'd need to withdraw per year after I retire to have an amount of 'take home pay' equivalent to my current situation. These are the factors that can think ...
Those age 73 and older must make required withdrawals from retirement plans by Dec. 31...
House rich, cash pooris when you have a lot of equity in your house but not a lot of cash. For whatever reason, a homeowner has untapped equity in their property but is unwilling or unable to withdraw...
I put my numbers into Calculator.ficalc.app with an annual withdrawal of $50K adjusted for inflation. I then added $30K SS income to start 10 years after retirement. Does the analysis assume that I wi...
Here's how to navigate inflation, potentially lower returns and changing rules for retirement withdrawals....
Had recently transferred my Roth IRA to a new brokerage firm. The original Roth was opened 10 years ago with yearly contributions. Does the 5 year clock for withdrawals restart in the new Roth IRA acc...
I hope everyone had a great Thanksgiving! There was a lot of news on the safe withdrawal rate front this month. We’ll start by exploring the key takeaways you need to know. This month I read two...
Karsten Jeske at the Early Retirement Now blog wrote When to Worry, When to Wing It: Withdrawal Rate Case Studies back in 2021. It looked into what really makes a difference in safe withdrawals in ret...
Make quick calculations with this income strategy to withdraw $1,000 each month in retirement....
A market rebound, new 401(k) withdrawal rules and higher savings rates can make retirees' lives easier....
You may have heard that the Health Savings Account (HSA) is the ultimate retirement account because it’s triple tax-free. Contributions go in tax-free. The balance grows tax-free. Withdrawals ar...
Photo credit: jb In general, when you withdraw funds from an IRA prior to age 59½, your withdrawal is subject to both income tax and the 10% early withdrawal penalty. The 10% penalty is waived ...
What is the advantage of using the One time IRA-to-HSA Rollover vs a withdrawal from your IRA (taxable event) and then contributing the same amount (reducing taxes) into your HSA? The income from the ...
Today’s interviewee is a young 45, has a single fund in his portfolio, and has an extremely low withdrawal rate ... Read more...
February 6, 2023 Welcome to another installment of my Safe Withdrawal Rate Series. See the landing page of this series here for an intro and a summary of all posts I’ve written so far. On the me...
I am often asked how I fund my early retirement. I use both non-retirement savings and tax differed retirement accounts. My IRA withdrawals come without paying early withdrawal penalties using a SEPP ...
Using your 401K or IRA to fund early retirement without penalty can be done under certain conditions. There are a couple of methods to take early withdrawal...