Key Takeaways: Plan the tax cost first. Moving pre-tax dollars into a Roth account can be useful, but the benefit depends on knowing how the conversion will affect your return
Key Takeaways: Tax planning before retirement is about timing. The goal is to understand when income, deductions, gains, and withdrawals should happen so you can reduce tax friction before retirement
Key Takeaways: Roth conversions are a timing decision. Converting before retirement may help reduce future RMD pressure and create more tax-flexible income later, but only if the current tax cost
Key Takeaways: Income acceleration is about control. Recognizing some income before retirement may help you manage future withdrawals, reduce tax pressure, and create more flexibility once pensions, Social Security, and
Key Takeaways: Tax decisions should not be made in isolation. A Roth conversion, IRA withdrawal, or taxable sale should be weighed against the rest of your retirement income plan and
There has been a lot of news in recent months about the ACA enhanced subsidies expiring at the end of the year. Extending the beefed-up subsidies has been at the
If you are part of what is considered to be Generation X (like me), you likely know that you have 20 or 30 years until your so-called retirement at age 65 — or at least that’s what the government and most pension plans peg as a “normal” age of retirement. It seems everyone is always talking about retirement, especially in the media. However, we’re often too busy to listen, as we focus on other aspects of life, such as advancing careers, growing families and businesses, and sending kids to college, all while trying to accumulate a modest nest egg along the way.
So why address a topic that is seemingly more appropriate for your baby boomer parents?
You probably have a number of investments you try to monitor each day or week. One of the things you liked about your 401k was relative freedom from ongoing involvement with its management. Yet we are talking about a part of your financial future. You need to make sure the plan is working as hard as possible for you.
Here are a few simple steps to take to customize your 401k to ensure it performs according to the long-term goals of your overall financial plan…
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Capstone Wealth Partners is a fee-only independent Registered Investment Advisor in Columbus, Ohio. We are financial planners for college-bound families.
The Capstone Blog offers up our best ideas on how to save and pay for college, all while staying on track for a confident retirement.
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