Post Retirement Planning
After retirement its important to monitor investments, understand IRA withdrawal rules, talk to your family about finances, and stay actively involved in your community. You'll also want to be prepared for any financial uncertainties that may come along. You'll feel more secure knowing you're taking all the right steps. Find specific ideas and resources below.
When you reach the age of 70 ½ the IRS requires that you start taking distributions from your qualified retirement accounts. The amount required to be withdrawn is called a required minimum distribution. Find out when you have to take it, how much you have to take and what happens if you don't.
In the case of a medical emergency, who would manage your household, pay your bills, feed the pets, etc.? How would they know what to do? Follow these six steps to develop a medical emergency plan. A medical emergency plan will help make sure decisions are made the way you would want them to be made in the event of a medical emergency.
End of life decisions: deciding when, where, and how to die is a controversial topic. If you can’t live life in a meaningful way, you may decide you’re ready to go.
Retirement planning is an ongoing process, even after retirement! Every few years it is important to use these nine essential steps to review your retirement plan.
Many estates pay estate taxes that could have been avoided. Hopefully tax reform will change this, but right now estate planning for modest estates can save bundles in estate tax.
From wills to trusts to powers of attorney; these documents are essential to making sure your assets end up in the right place.
If you're thinking about relocating after retirement, check out the list of top 50 cities, based on factors such as entertainment, housing affordability, quality of health care and public transportation.
How does working after retirement affect your social security benefits? Benefits may be reduced if you have not reached full retirement age, and earn more than the current social security set earnings limit.
Many retirees think it is best to wait as long as possible before taking withdrawals from retirement accounts. This may cause some people to pay higher taxes than if they had taken smaller, planned distributions each and every year.
