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Small Business Retirement Plans – SEP-IRA vs. Solo 401(k)

The Chicago Financial Planner

One of the best tax deductions for a small business owner is funding a retirement plan. Beyond any tax deduction you are saving for your own retirement. You deserve a comfortable retirement. If you don’t plan for your own retirement who will? You need to start a retirement plan today.

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Realistic Retirement Planning

The Better Letter

Realistic Retirement Planning My children have consistently (and kindly) remarked about how grateful they are to have been able to graduate (with honors) from fine universities without any debt. Our retirement planning took a hit to do so. Much retirement planning advice focuses on saving more and saving earlier.

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Your Retirement Plan and Where You Live

Getting Your Financial Ducks In A Row

We’ve covered a lot of ground with regard to how various tax laws impact your retirement plans: pensions, IRAs, 403(b) and 401(k) plans. But we’ve primarily focused on the US income tax laws (the IRS) affect your plans – and there are many nuances that you need to take into account with regard to state tax laws.

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Health Savings Accounts – The Other Retirement Plan

The Chicago Financial Planner

Your HSA can be another leg on the retirement planning stool. With the cost of healthcare in retirement continuing to increase, the health savings account is increasingly being viewed as an additional retirement account. If a spouse is named as the beneficiary of the account, he or she can inherit the money tax-free.

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Advisor Innovations Podcast: Mark Miller on Rebooting a Retirement Plan

Wealth Management

The author of the recently published book, Retirement Reboot: Commonsense Financial Strategies for Getting Back on Track, discusses the challenges of retirement planning from both an advisor’s and client’s perspective.

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Avoid the Overweight Retirement Plan

Getting Your Financial Ducks In A Row

When you have the bulk of your financial assets in retirement plans, you might accidentally expose yourself to some risks that you haven’t thought about… since retirement plan assets are much more likely to be impacted by changes to legislation – as we have seen in the past. No related posts.

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Putting Together the Puzzle Pieces of Retirement Planning

Integrity Financial Planning

4] Conclusion As you can tell, taxes are a major part of retirement planning, and often making the right choice for your retirement involves being savvy about which tax-advantaged retirement savings vehicles to use.