Retirement Income Center

Winning at the 401(k) game requires strategic play focused on the objective of maximizing lifetime after-tax distributions. The post Winning at the 401(k) Game appeared first on Retirement Income Center.

Bob Klein’s article, How to Maximize Your Lifetime After-Tax Income With Your 401(k), was published in The Street’s Retirement Daily. Winning at the 401(k) game requires strategic play focused on the objective of maximizing lifetime after-tax distributions. The post Bob Klein’s “How to Maximize Your Lifetime After-Tax Income With Your 401(k)” Published in Retirement Daily appeared first on Retirement Income Center.

While they aren't for everybody, reverse mortgages are no longer a program of last resort. A Home Equity Conversion Mortgage, or HECM, can increase retirement spending and provide for a larger legacy when used strategically throughout retirement. The post Not Your Father’s Reverse Mortgage appeared first on Retirement Income Center.

Bob Klein will write articles for The Street’s Retirement Daily. Bob’s articles will appear in the “Planning for & Living in Retirement” section. Retirement Daily is edited by Robert Powell, CFP®. It is a daily newsletter about all things retirement. The post Bob Klein to Write for The Street’s Retirement Daily appeared first on Retirement Income Center.

If you are the beneficiary of a retirement or IRA account that you inherited after 2019, you need to familiarize yourself with the new SECURE Act rules to determine the applicable time frame for taking distributions in order to avoid potential sizable penalties. The post You Have 10 Years to Empty Your Beneficiary IRAs If You Aren’t an EDB appeared first on Retirement Income Center.

Annuity.org has been providing visitors with carefully researched, timely information about annuities and structured settlements for nearly a decade. This free, comprehensive web resource offers professional insight from experienced financial experts on a variety of financial topics to help you make smart decisions about your money. The post Annuity.org appeared first on Retirement Income Center.

Bob Klein and Harris Scher, Vice President of Strategic Partnerships with Everplans, presented a webinar to Retirement Income Center’s retirement planning clients to introduce them to Everplans. Everplans is a simple, secure digital tool that guides you step-by-step through the creation of a complete end-of-life plan that can be shared with loved ones. Retirement Income […] The post Retirement Income Center Introduces Everplans to Retirement Planning Clients appeared first on Retirement Income Center.

Many individuals are unaware of one of the most overlooked Social Security strategies to enhance their lifetime benefits. The post Don’t Leave 50% of Your Spouse or Ex-Spouse’s Social Security Benefits on the Table appeared first on Retirement Income Center.

Nothing is immune from the far-reaching tentacles of the coronavirus pandemic. One of the problems that can occur when a loved one passes has been exacerbated. The good news is that it can be avoided with proper planning. The post Coronavirus Provides New Impetus for Probate Avoidance Planning appeared first on Retirement Income Center.

Although you can rollover, or return, your 2020 IRA and other retirement plan February 1st to May 15th distributions as a result of the 2020 waiver of RMDs, there's another strategy that you can use to reduce future years' income tax liability and optimize lifetime after-tax distributions for you and your heirs. The post Contribute Your 2020 RMD to a Roth IRA appeared first on Retirement Income Center.

Use the CARES Act waiver of 2020 required minimum distributions as an opportunity to optimize your retirement income plan. The post 2020 Required Minimum Distributions Waived appeared first on Retirement Income Center.

As a result of a series of three events, there’s an unprecedented opportunity to do a sizable Roth IRA conversion this year. The post The Roth IRA Conversion Trifecta appeared first on Retirement Income Center.

The stock market decline of almost 30% over the last month in response to the spreading Coronavirus, if sustained, could trigger legislation for retirement plan relief. This could potentially include suspension of required minimum distributions and changes to the SECURE Act that went into effect January 1st. The post Will Congress Suspend 2020 Required Minimum Distributions? appeared first on Retirement Income Center.

Bob Klein has been accepted as a member of Ed Slott’s Elite IRA Advisor Group℠. Members of this prestigious group train with Ed Slott and his team of IRA Experts on a continuous basis. These advisors passed a background check, complete requisite training, attend semiannual workshops, webinars, and complete manadatory exams. They are immediately notified […] The post Bob Klein Accepted as a Member of Ed Slott’s Elite IRA Advisor Group℠ appeared first on Retirement Income Center.

Here are five unique ideas that are designed to benefit you and your spouse over your lifetime. A word of caution: Brush up on your presentation skills since each one will likely be met with dead silence and/or outrage depending upon your spouse. The post 5 Lifetime Valentine’s Day Gifts for Your Spouse appeared first on Retirement Income Center.

Erroneous or outdated beneficiary designations can result in distribution of retirement plan assets, life insurance policies, and annuity contracts to unintended beneficiaries, unfavorable income tax consequences, and expensive and protracted litigation in some cases. The post Avoid Unintended Consequences for You and Your Family appeared first on Retirement Income Center.

Bob Klein discussed Roth IRA conversions for the RICP® program at The American College of Financial Services in King of Prussia, Pennsylvania on November 11th and 12th. Bob teamed up with Dave Littell and Colin Slabach, two of the program’s professors, in the College’s studio to record educational videos for students. The post Bob Klein Discusses Roth IRA Conversions at The American College of Financial Services appeared first on Retirement Income Center.

One underutilized strategy for optimizing the longevity of assets when planning for retirement is a staged, or multi-year, Roth IRA conversion plan. There are seven reasons to start this type of plan today. The post 7 Reasons to Start a Staged Roth IRA Conversion Plan Today appeared first on Retirement Income Center.

A surviving spouse who has the same, or even less, income will often be subject to higher federal, and potentially, state, income tax liability. The post Is Your Widow(er) Included in Your Income Tax Plan? appeared first on Retirement Income Center.

The Association for Long Term Care Planning provides the latest reviews and ratings of insurers and has a list of shopping tips when buying a long-term care policy that can help consumers make a well-informed decision. The post Association for Long Term Care Planning (ALTCP) appeared first on Retirement Income Center.