Retirement Income Center

When presented in the context of retirement income planning, fixed income annuities have proven to be the most appropriate and natural commercial solution for providing sustainable lifetime income. The post Uneasy About the “A” Word? You’re Not Alone appeared first on Retirement Income Center.

Lower tax rates under the new income tax law, combined with the likelihood of higher tax rates in the future, support a Roth solo 401(k) contribution strategy. The post Roth Solo 401(k) Makes More Sense Than Ever appeared first on Retirement Income Center.

Lane Martinsen’s The Holistic Retirement Planning Revolution, forward by Bob Klein, is now available on Amazon and Barnes & Noble. The post Lane Martinsen’s The Holistic Retirement Planning Revolution Published appeared first on Retirement Income Center.

The Tax Cuts and Jobs Act of 2017 contains numerous changes that affect income tax planning and preparation for 2018 through 2025 after which most of the provisions expire. Two of the more significant changes are a reduction in the amount of principal on which residential mortgage interest can be deducted and the elimination of […] The post The Interest Deduction is Dying a Slow Death appeared first on Retirement Income Center.

There are five deductions available to self-employed individuals, including a brand new one in 2018, that can result in substantial income tax savings. The post 5 Self-Employed Income Tax Deductions You Don’t Want to Miss appeared first on Retirement Income Center.

When you buy a house, typical financing is a mortgage equal to 80% of the purchase price. This enables you to purchase a much more expensive home than you would otherwise be able to do without the mortgage. The goal is to increase your equity in the property over time through a combination of paying down the mortgage and appreciation. The post Leverage Your Assets for Retirement appeared first on Retirement Income Center.

Some nerves were recently rattled when the Dow Jones Industrial Average (DJIA) declined 2,052 points, or 7.6%, in six trading sessions, going from a high of 26,952 on October 3rd to a low of 24,900 on October 11th. The loss increased to 2,830 points, or 10.5%, when the DJIA hit a low of 24,122 yesterday […] The post Retain Your Gains with Fixed Index Annuities appeared first on Retirement Income Center.

Retirement Income Center’s podcast was recently named one of the eight best retirement income podcasts on PlayerFM. The post Retirement Income Center Named 1 of 8 Best Retirement Income Podcasts appeared first on Retirement Income Center.

Anyone who wants to avoid tax and receive tax-favored lifetime income on the sale of an unencumbered rental property is a potential candidate for a charitable remainder trust, or CRT. The post How to Avoid Tax and Receive Tax-Favored Lifetime Income on the Sale of a Rental Property appeared first on Retirement Income Center.

The process I use to assist clients with preparing for the financial and personal challenges associated with retirement extends well beyond simply recommending investments. It's about them. The post Which Investments Do You Recommend? appeared first on Retirement Income Center.

Linked benefit plans offer an attractive alternative to standalone long term care insurance assuming that a commitment is made to pay the required premiums and not exercise the return of premium feature. The post Linked Benefit Plans Offer Attractive Alternative to Long Term Care Insurance appeared first on Retirement Income Center.

An important, although unplublicized, benefit of fixed income annuities is protection against elder fraud. The post Protect Against Elder Fraud with Fixed Income Annuities appeared first on Retirement Income Center.

While you may be financially prepared to retire, your ability to successfully transition from the workplace to retirement will be dependent upon planning for three important nonfinancial factors. The post Why Aren’t You Retired? appeared first on Retirement Income Center.

The Tax Cuts and Jobs Act, while controversial, especially in high state income tax states, will result in tax savings for most people. The post New Tax Law – The Mostly Good, the Bad, and the Ugly appeared first on Retirement Income Center.

Given the relatively small limit of nondeductible IRA contributions and complexity of calculating allowable contributions, tracking basis, and calculating the taxable portion of IRA distributions, are they worth the effort? The post Are Nondeductible IRA Contributions Worth It? appeared first on Retirement Income Center.

Making deductible retirement plan contributions and "recapture my deductions" beginning when you turn 70-1/2 may not be the best strategy for optimizing after-tax retirement plan distributions. The post RMDs: Recapture My Deductions – A Questionable Strategy appeared first on Retirement Income Center.

The alternative minimum tax, or AMT, dreaded by many taxpayers for years, has been given a long-overdue facelift by the Tax Cuts and Jobs Act, with an associated reduction in affected individuals from 5 million to 200,000. The post AMT Exposure Minimized Under New Tax Law appeared first on Retirement Income Center.

The new Tax Cuts and Jobs Act contains several provisions that partially, or completely, negate what appear at first blush to be potential tax savings. The post Tax Reform: Now You See It, Now You Don’t appeared first on Retirement Income Center.

If the Tax Cuts and Jobs Act as currently proposed is enacted, middle-income taxpayers who make charitable contributions based solely on tax savings may be less inclined to do so if the amount of their standard deduction is greater than their allowable itemized deductions. The post Charitable Giving Cut for Middle-Income Taxpayers in Tax Cuts and Jobs Act appeared first on Retirement Income Center.

A Tax Credit Longevity Annuity Plan, or TCLAP, would create tax-favored private pension plans while also providing for long-term care benefits. The post The Perfect Storm for a Tax Credit Longevity Annuity Plan appeared first on Retirement Income Center.