Did You Know?
If your hard-earned savings are riding a roller coaster that seems to have more downs than ups, or bigger downs than ups, then you will definitely benefit from having an Income For Life plan done for you at NO COST!
The basic idea is this: there’s nothing that provides the safety and security of a pension. And since most employers won’t give you a pension these days, or are in danger of defaulting on their pension commitments, the best way to get a pension…is to give it to yourself. You don’t have to worry about whether you’ll outlive your money. Not if you invest it in such a way that you have guaranteed income coming to you month after month, for the rest of your life, and also the security of knowing that your loved ones will be well taken care of after you’re gone. If the idea of giving yourself a pension sounds appealing, take a little time and consider the ideas I’m about to share with you. Take your grandkids on the rollercoaster. But not your savings.
When you turn 73, you must start taking the required minimum distributions (RMDs) from your retirement accounts. This can have significant tax implications, especially if you’re still earning wages. The additional income from RMDs can push you into a higher tax bracket and increase the portion of your Social Security benefits that are subject to taxes. Planning ahead for RMDs can help you manage these potential tax impacts more effectively.
Optimizing Your Social Security Income
Claiming Social Security is a complicated and daunting task for most individuals. There are 2,728 rules which govern how benefits are determined and thousands of claiming strategies. We can help uncover the optimal claiming decision to ensure you receive every dollar that you have earned and are entitled to.
As a Registered Social Security Analyst® (RSSA), we can help make sure you get most of your Social Security benefits by running a personalized analysis for optimization of those benefits. Ninety-six (96) percent of people don’t optimize their benefits, so we want to help you be in the four (4) percent that do.
Retirement Concerns:
- Economic Uncertainty
- Healthcare Costs
- Market Volatility
- Unexpected Expenses
- Running Out of Money
Is it time to have a conversation about safe money retirement strategies? Schedule a call here.