Dreaming about ditching the 9-5 grind decades before your peers? You’re not alone! Early retirement at 45 is becoming the holy grail for many Brits who fancy swapping spreadsheets for spreadsheets. of their travel itineraries! But let’s get real – retiring 20+ years before the State Pension kicks in requires some serious financial planning and … Read more
Saving for retirement at a typical retirement age, like 67, can be difficult. It can be even harder to save for an early retirement because you have less time to work and invest and more years of retirement to pay for. But life is all about choices. Once you’ve made the choice to prioritize early … Read more
Are you considering moving your Local Government Pension Scheme (LGPS) benefits to a private pension plan? This decision isn’t straightforward and deserves careful consideration. I’ve compiled everything you need to know about transferring your LGPS pension to help you make an informed choice. Understanding Your LGPS Transfer Options The LGPS is a defined benefit pension … Read more
You’re not the only one who has been working hard at the same company for 25 years and wants to quit. Many people do the same thing after 25 years. The good news is that you can often retire after 25 years of service, but there are a lot of things you should think about … Read more
Contributions to a traditional individual retirement account (IRA), Roth IRA, 401(k), and other retirement savings plans are limited by law so that highly paid employees don’t benefit more than the average worker from the tax advantages that they provide. Contribution limits vary by the type of plan, the age of the plan participant, and, in … Read more
Are you confused about whether to put your hard-earned money in a CD or an IRA? You’re not alone! As someone who’s spent years navigating the sometimes murky waters of personal finance. I’ve had many friends ask me “What is the difference between CDs and IRAs?” The short answer is that they are two completely … Read more
Hi, Im Stan The Annuity Man, Americas Annuity Agent, licensed in all 50 states. Todays video is a little different. A client of mine sent me a Dave Ramsey video and asked for my commentary. I thought, “Why not?”. I want to make one thing clear before we start: Dave Ramsey has done a great … Read more
Usually, getting some extra cash is a reason to celebrate. But could an inheritance or other unexpected windfall stop you from getting government benefits that you depend on? Unfortunately, the answer is “yes.” While receiving an inheritance seems like it should help, not hurt, government program rules can mean extra assets cost you the monthly … Read more
When planning for retirement, understanding how your Roth IRA distributions will be taxed isn’t just about federal taxes. The state you live in can have a significant impact on your retirement income. While Roth IRAs offer tax-free distributions at the federal level, state taxation rules vary widely and can complicate your retirement planning. The Basics: … Read more
You’re not the only one who wants to retire but isn’t sure if their savings will last. One of the questions I get asked most often is if a $4,000 monthly income will be enough to enjoy their golden years. Today, I’m going to answer this question in more detail to help you decide if … Read more