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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?

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Health Savings Accounts – The Other Retirement Plan

The Chicago Financial Planner

Saving for retirement is a major undertaking for most of us. Health savings accounts (HSA) provide another vehicle to save for retirement. Many of you have the option to enroll in high-deductible insurance plans that allow the use of a health savings account via your employer.

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A Retirement Plan Nightmare

Random Roger's Retirement Planning

We spend a lot of time here on unexpected, one-off, unbudgetable expenses that can blow up a retirement plan that doesn't have a lot of margin for error. Part of planning for unexpected, one-off, unbudgetable expenses is a real assessment of whether you are generally lucky or unlucky with this sort of thing. This sort of potential sequence of expenses is an example of why retirement plan resiliency and flexibility is so important.

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Melted Rocks & Retirement Planning

Random Roger's Retirement Planning

At 50 though, you do need to have some context for how viable your idea of retirement is. For a while, I've thought in terms of "if it all blows up, how long can we last, can we avoid taking Social Security earlier than I plan to take it at 70, or possibly 69?"

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Retirement Planning with Mr. Miyagi

Integrity Financial Planning

Financial planning is not the same for everybody, so it’s important to have a plan. Just like Mr. Miyagi in the movie Karate Kid teaches discipline, you need to have discipline with your financial plan. Then, we talk about why some people don’t want to retire.

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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. Assets held outside of retirement plans enjoy capital gains tax treatment (under current law) that is generally much more favorable than the ordinary income tax rate.

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Reverse Mortgage Loans: Imaginative Ways They Can Be Used in Retirement Planning

NAIFA Advisor Today

Here are three ways people 62 and older (working in tandem with their advisors) can incorporate reverse mortgages into sound retirement plans to potentially improve retirement outcomes. Reverse mortgages can help solve many challenges in retirement.

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What Football and Retirement Planning Have in Common

Integrity Financial Planning

Coach Brian is here to guide you through what you need to know when it comes to your financial plan. We compare different football analogies to retirement planning to help you understand where you’re headed and find out if you’re making the right decisions.

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Struggling Female Retirement Plan Participants Looking to Plan Sponsors for Help

Nationwide Financial

Key Takeaways: Female participants are delaying their retirement at a greater rate than male counterparts due to concerns about inflation and market volatility. Plan sponsors can help with education and new solutions.

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10 Myths that skew Retirement planning

The Financial Literates

10 Myths About Retirement planning Retirement planning has gained prime importance largely due to changes in the lifestyle of people, an increase in life expectancy, the concept of nuclear families, and an urge to live independent retirement life without being financially dependent on children.

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Retirement Planning for Generation X

Integrity Financial Planning

What should Gen X being doing right now as they inch their way closer to retirement age? How much should Gen X have in their retirement accounts and when should they reach out to a financial advisor? You want to make these financial decisions before you are ready to retire.

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Inflation, Interest Rates and Retirement Planning

Advisor Perspectives

Lifetime annuities in concert with allocations to stocks, TIPS, bond ladders and other diversified investments help retirees weather changing conditions regarding inflation and interest rates

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Are Retirement Plan Contributions Tax Deductible?

Carson Wealth

Retirement plans like 401(k)s and traditional or Roth IRAs can be an easy and effective way to save for retirement. Contributions to a traditional 401(k), IRA, and other retirements plans are usually deductible up to a limit. Are Retirement Savings Taxed? .

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Savvly Introduces Pooled Equity Index Fund For Retirement Planning

Wealth Management

Savvly's new pooled equity index fund has some similarities to a tontine, an investment that pays out at higher amounts as other participants die or withdraw early

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Inflation Exposes Most Retirement Planning Models as Financial Russian Roulette

Wealth Management

There's a reason Monte Carlo is synonymous with gambling

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8 Facts About Retirement Planning You May Not Have Known

The Financial Literates

Retirement is an important phase in everyone’s life. Before retirement, different aspects of life such as finances, health, time, and activities have to be planned for. Most people do not plan for retirement in the right way.

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How much do I need to retire? Planning for Your Unique Retirement Needs

Carson Wealth

How much do I need for retirement?” Your financial needs in retirement can depend on dozens of factors – some known and some unknown. One or two million dollars may seem like a lot of money to have set aside for retirement. A Retirement Reality Check. Financial Planning

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The Role of Whole Life Insurance in Retirement Planning

Advisor Perspectives

I spoke with Neil Drzewiecki, the head of life products for MassMutual Life Insurance Company, about how whole-life insurance can play an important role in your client's retirement income strategy Clients often assume that their need for life insurance ends when they stop working.

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5 Reasons to Start Retirement Planning Early

WiserAdvisor

The average retirement age in America is 63. However, it may still be advised to start planning your retirement as soon as you can. Retirement planning is a long process. can come in the way of your plans and present challenges every now and then. Retiremen

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The Door Is Open… Wider: ESG Investing for Retirement Plans

Wealth Management

Thursday, January 19, 2023 | 2:00 PM ET

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Boost workers' investment confidence and help meet retirement plan goals

Advisor Perspectives

Learn how our industry-leading asset allocation expertise can help participants make investment choices with more confidence and help employers reach their plan goals Advice boosts workers’ confidence in choosing investments—from 35% to 65%.

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5 Ways to Catch Up on Retirement Planning Later in Life

Park Place Financial

Retirement Planning 5 Ways to Catch Up on Retirement Planning Later in Life Schedule a Complimentary Financial Review CLICK HERE TO SCHEDULE. However, circumstances may prevent some people from initiating retirement planning until their 50s or 60s.

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More ways to help clients meet their retirement plan goals

Advisor Perspectives

Help clients achieve their retirement plan goals with default choices that provide flexibility and personalization. Learn about our industry-leading asset allocation expertise and options—and download our latest research findings

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Social Security Retirement Planning in Times of Uncertainty

Covisum

How often do clients ask if Social Security will be there when they retire? This article talks about the possibility of depleted funds, what may occur to save the program, and how you can best help your clients with Social Security retirement planning.

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Software Updates: Including Inflation in Your Retirement Planning Strategies

Covisum

Our advisor-led team understands the concerns of your retired clients and how the right financial planning software can make addressing them easier. Fintech software Income InSight software development Social Security Trustees report Retirement Income Planning software updates

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Top 5 Things Millennials Should Consider When Retirement Planning

James Hendries

Planning for retirement can seem premature when you have only been in the workforce for a decade or so. But as the oldest Millennials begin to hit middle age, retirement suddenly does not seem so far away. It is Never Too Early to Start Planning.

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It’s Official: U.S. Retirement Plans Can Consider ESG Factors

Advisor Perspectives

retirement plans could consider ESG factors, the dust is finally settling. 22 rule issued by the Department of Labor (DOL) allows retirement plans to consider financially material ESG factors when selecting investments and exercising shareholder rights After years of uncertainty around how U.S. It’s official: A Nov.

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More ways to help clients meet their retirement plan goals

Advisor Perspectives

Help clients achieve their retirement plan goals with default choices that provide flexibility and personalization. Learn about our industry-leading asset allocation expertise and options—and download our latest research findings

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Four Reasons to Consider Adding Retirement Plan Servicing to Your Practice

Wealth Management

Given the difficult market conditions over the past year and increasingly competitive financial planning landscape, 2023 may be the right time to consider building out your firm’s offerings

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Whether in Real Dollars or Expected in Services, Retirement Plan Advisory Fees Are Declining

Wealth Management

The times they are a-changing

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SECURE 2.0 Act Still Leaves Holes in US Retirement Plans

Advisor Perspectives

to help American workers save for retirement Congress is on the verge of passing a bill called SECURE 2.0

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The Fatal Flaw in Retirement Plan’s Target Date Funds

Wealth Management

The life-cycle portfolios that have become so common in 401(k)s will leave retirees unprotected from inflation and short on income in the long run

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Why It Is Never Too Early to Start Retirement Planning

WiserAdvisor

The average retirement age in America is 63. However, it may still be advised to start planning your retirement as soon as you can. Retirement planning is a long process. can come in the way of your plans and present challenges every now and then. Retiremen

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Implementing Retirement Income Guardrails To Facilitate (The Right) Spending Raises And Spending Cuts

Nerd's Eye View

Financial advisors have a wide range of strategies at their disposal to create financial plans for their clients. Retirement Planning OPTIN: One Page Business Plan (BAR) OPTIN: One Page Business Plan (SLIDE IN

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Retirement planning for women: Can future taxes actually ruin your goal?

Envision Wealth Planning

Retirement planning for women can be trickier than most people may think. Most women I talk to are more concerned about paying less in taxes today than when they retire. This means even more money will be spent on retirement. Individual Retirement Arrangement (IRA).

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A Guide to Retirement Planning for Couples

Integrity Financial Planning

If you’re married, retirement planning is a team effort. While discussing finances and estate planning can easily fall by the wayside, it’s important to prioritize with your spouse. Here’s a guide to retirement planning for couples. Discuss Estate Planning.

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How “Probability Of Success” Differs Between One-Time And Ongoing Financial Plans

Nerd's Eye View

Monte Carlo simulations have become the dominant method for conducting financial planning analyses for clients and are a feature of most comprehensive financial planning software programs. Retirement Planning OPTIN: SWR (BAR) OPTIN: SWR (SLIDE IN

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Is COVID-19 affecting your Retirement Planning? Here’s what you should do.

Yardley Wealth Management

The post Is COVID-19 affecting your Retirement Planning? Is COVID-19 affecting your Retirement Planning? Retirement Planning Financial Planning Risk. Over their lifetimes, most people have heard warnings and advice from retirement advisors about various aspects of their plans. A long stock market boom also overcame a lot of gaps in plans, or seemed to. Don’t be passive in your retirement planning, take charge of it.

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Webinar: The Door Is Open… Wider: ESG Investing for Retirement Plans

Wealth Management

Available On Demand

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Webinar: Wealth Management and Retirement Plan Advice: The Key to Long-Term Growth

Wealth Management

Tuesday, January 24, 2023 | 2:00 PM ET