Retirement Income Center

Bob Klein explains how a fixed index annuity works and how it can help you manage downside risk. The post Indexing Strategies to Eliminate Stock Market Risk appeared first on Retirement Income Center.

A home equity conversion mortgage, or HECM reverse mortgage, can be used to manage and mitigate the sequence of returns risk. The post Insure Sequence of Returns Risk with a HECM Mortgage appeared first on Retirement Income Center.

There are six proven strategies for optimizing after-tax retirement income that can increase the longevity of one’s assets in retirement. The post 6 Proven Retirement Income Planning Strategies Beginning at Age 62 appeared first on Retirement Income Center.

Five financial metrics can be used to analyze the pros and cons of unlocking home equity as part of a retirement income plan. The post 5 Key Financial Metrics When Evaluating a HECM Reverse Mortgage appeared first on Retirement Income Center.

David Blanchett and Michael Finke's research found that annuities may give retirees a psychological “license to spend” their savings in retirement. The post How to Enjoy a Guilt-Free Retirement appeared first on Retirement Income Center.

Bob Klein was interviewed by Reverse Mortgage Daily to discuss how reverse mortgage professionals can partner and network with financial advisors in a recent article, Financial Planner Shares Advice to Reverse Mortgage Pros on Gaining Referrals. The post Reverse Mortgage Daily Interviews Bob Klein to Help Reverse Mortgage Professionals Network with Financial Advisors appeared first on Retirement Income Center.

Reverse Mortgage Daily featured a conversation between RMD editor Chris Clow and Bob Klein in its most recent edition of The RMD Podcast. In the conversation, Clow and Klein discuss the state of reverse mortgage product education to borrowers and professionals, the reticence many financial planners have about discussing reverse mortgages with clients, and advice to […] The post Reverse Mortgage Daily Features Bob Klein in Podcast appeared first on Retirement Income Center.

One retirement income strategy that will be virtually unscathed by President Biden's proposed tax increase is longevity insurance, more commonly known as fixed-income annuities. The post Nonqualified Fixed Income Annuities: A Timeless Tax and Retirement Income Planning Opportunity appeared first on Retirement Income Center.

Bob Klein’s article, How to Enjoy a Guilt-Free Retirement, was published in The Street’s Retirement Daily. Fixed income annuities could be the key to limiting your financial guilt in retirement. The post Bob Klein’s “How to Enjoy a Guilt-Free Retirement” Published in Retirement Daily appeared first on Retirement Income Center.

Savvy business owners planning to sell their business can reduce or eliminate income tax liability from capital gains by using a long-standing IRS-blessed strategy called a charitable remainder trust, or CRT. The post Reduce Capital Gains Tax on the Sale of Your Business appeared first on Retirement Income Center.

It's a great time to purchase or add funds to fixed income annuities as part of an overall retirement income plan given the continued escalating stock market highs. The post Take Some Chips Off the Table and Add Them to Older Income FIAs appeared first on Retirement Income Center.

If you didn't take distributions from your retirement plan and IRA accounts in 2020, you may be surprised by your 2021 RMD. Adviser Robert Klein explains how changes to the rules in 2020 will impact you in 2021 and beyond. The post RMDs Required Again in 2021 appeared first on Retirement Income Center.

Six stealth taxes can increase your income tax liability and reduce your lifetime after-tax retirement income. Planning for each of them should begin long before and continue throughout retirement. The post Six Stealth Taxes That Can Derail Your Retirement appeared first on Retirement Income Center.

This article was originally published in, and has been reprinted with permission from, Retirement Daily. Distributions from a traditional 401(k) plan are generally taxable as ordinary income at your regular income tax rates. This includes pre-tax contributions plus earnings. If your traditional 401(k) plan is rolled over to a traditional IRA, the same rule applies […] The post Carve Out Your 401(k) Company Stock for Favorable NUA Tax Treatment appeared first on Retirement Income Center.

A Roth conversion often makes sense but there are times when reduced income tax savings can offset the potential long-term benefits of large conversion amounts.. The post Keep Your Eye on QBI Before You Rothify appeared first on Retirement Income Center.

Planning the timing of your Roth IRA conversion carefully cannot only reduce taxable inome but manage Mediare premiums. The post Should You Do a Roth IRA Conversion After Age 62? appeared first on Retirement Income Center.

Bob Klein's article, Keep Your Eye on QBI Before You Rothify, was published in The Street's Retirement Daily. A Roth conversion often makes sense but there are times when reduced income tax savings can offset the potential long-term benefits of large conversion amounts.. The post Bob Klein’s “Keep Your Eye on QBI Before You Rothify” Published in Retirement Daily appeared first on Retirement Income Center.

Bob Klein completed his semiannual training with America’s IRA Experts at Ed Slott and Company, LLC by participating in a virtual workshop November 5th to November 6th. The online workshop, which was attended by members of Ed Slott’s Elite IRA Advisor Group, provided in-depth technical training on advanced retirement account planning strategies, estate planning techniques […] The post Bob Klein Completes Ed Slott and Company, LLC Advanced Virtual Training appeared first on Retirement Income Center.

There are two strategies you can use to avoid the 10% premature distribution penalty: Coronavirus-Related Distributions and 72(t). The post Don’t Qualify for Cornavirus-Related Distributions? There’s Always 72(t) appeared first on Retirement Income Center.

This article was originally published in, and has been reprinted with permission from, Retirement Daily. When you die, you want to make sure that your assets are distributed to your intended beneficiaries. The transfer of retirement plans at death is controlled by beneficiary forms associated with individual plans. Beneficiary forms supersede all other estate planning documents. Directly […] The post 5 Retirement Plan Beneficiary Mistakes to Avoid appeared first on Retirement Income Center.