My Smart Retirement

Retirement is a crossroads in life and we must choose a path to take. With this decision comes many questions. As the famous poem by Robert Frost details, a crossroads is a time to reflect and think over our decisions. Today, we are going to discuss three big questions that may come up when it comes to retirement and which path you should be taking. Our first question is about taking in income while also withdrawing from Social Security.  A common reason that this happens is when someone decides to retire from the corporate world and start their own business. In this situation, you will want to make sure you are setting yourself up successfully when it comes to the taxes you will have to pay. Another question a lot of our clients ask is whether there is a way around minimum distributions on our IRAs. 70 used to be the minimum distribution age, but it has now gone up to 72. Unfortunately, there are not many ways you can avoid meeting the minimum distribution without being penalized. Although if there is a mark