Creative Financial Solutions

A study from 2019 showed that the most important thing retirees wanted from their was to safely spend in retirement. That's the importance of not only having a paycheck in retirement, but also a PLAYcheck!

Having guaranteed lifetime income from an is a great way to ensure that you have enough money to comfortably spend your wealth in retirement.

I always aim to provide a better understanding of how life insurance and can work in specific situations. Here's another great real-life example!This from Kiplinger features the case of a man named Jim who takes out a whole life insurance policy to increase his retirement income. Check it out here:

Want More Tax-Free Retirement Income? One Man’s Whole Life Decision | Kiplinger Whole life insurance might not be something that’s on your retirement planning radar, but for this client, here’s how it served his need to control taxes, allow for income and provide a death benefit to his daughters.

How a Payroll Tax Cut Could Affect Your Finances, Now and Later
Is this deferment best for everyone?

How a Payroll Tax Cut Could Affect Your Finances, Now and Later Is this deferment best for everyone?

Using a 401(k) to Pay Off Student Loans "Paying for student loans can feel overwhelming, especially if you're dealing with high payments or living paycheck to paycheck," says Leslie H. Tayne, a financial attorney and founder of Tayne Law Group in New York. "Taking out money from your 401(k) to pay off your student loans can be tempting, e...

Food or thought:1.While you end up paying taxes on your retirement savings one way or another, you have at least partial control over how much you pay and when that happens.2. If you are considering a Roth conversion to eliminate taxation on withdrawals down the road, be sure to see how the move would impact your current tax situation.3. There may be strategies to minimize what you pay on converted http://amounts.Read the full article below for more details!

https://www.cnbc.com/2021/03/21/government-owns-piece-of-traditional-401k-or-ira.html?fbclid=IwAR2_Wiqno-6BLXZsHbi0fg5p2mKE3Pb_MnTqzp_TJUhLRtAZ2Ufat6NEcSI

DID YOU KNOW!!!!The IRS announced late last week that the due date for filing 2020 federal individual income tax returns and making 2020 federal individual income tax payments is automatically postponed from April 15, 2021, to May 17, 2021