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Life insurance and tax diversification

Tax Diversification with Life Insurance

When most people think about life insurance, what typically comes to mind is the death benefit. And secondly, how much will I need to pay for a given amount of coverage? What few people realize, however, is that there are certain types of life insurance policies that offer some great living benefits as well. You see, if […]

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Retirement income planning withdrawal strategy

What’s Your Retirement Withdrawal Strategy?

Before we get into the specifics, it’s important to first categorize our retirement savings by how they are taxed. 1. Taxable savings – regular savings accounts or investments where income and capital gains are fully taxable. 2. Tax-deferred savings – a Traditional IRA or employee-sponsored 401(k), for example, where taxes are not paid until funds are distributed. […]

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Retirement Planning For Couples

Retirement For Couples – It’s All About Teamwork

Many of you know my passion for beach volleyball. While I love casual matches, there’s always the desire to win. Getting serious about winning requires more than individual talent. Whether beach volleyball is your sport or not, I’m sure you’ve heard of Misty May-Treanor and Kerri Walsh Jennings. Until recently going their own ways, the […]

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Backdoor Roth IRA

What Is the Backdoor Roth IRA?

As you probably know, there are income restrictions in qualifying for contributions to a Roth IRA. It’s something we’ve discussed before, but, just to recap, here are those income limits for 2016: • Single filers – unless you make $117,000 or more in earned income, you are eligible for full contributions, after which only partial contributions are […]

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Sequence of Returns Risk

What is Sequence of Returns Risk? And Why Should I Care?

Whenever I’m teaching a class on building solid financial systems for retirement, I’ll ask if anyone has heard of sequence of returns risk. Typically, no more than one hand in the room will go up. It’s alarming how few are familiar with this principle. And yet sequence of returns risk is perhaps the greatest threat most […]

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Why long-term care insurance can be important

Why Long-term Care Insurance?

Since beginning this blog, I’ve had more than a few requests to address long-term care insurance. So, I think today is as good a day as any to tackle these concerns. Here’s a sampling of the questions I’ve been asked… What exactly does long-term care insurance cover? Do I need it? If so, why do I need […]

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Are you saving enough for retirement

Retirement Plan Checkup – Are You Saving Enough?

I was thinking this morning that I hadn’t yet scheduled my annual physical. Sometimes, when we believe we’re doing a good job at something, like taking care of ourselves, we forget to ask an expert’s opinion. After all, I’ve always been an active person. I love hitting the sand for some beach volleyball, and I […]

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Saving for college

College Tuition: How Much Should You Be Saving?

I was thinking this morning that I hadn’t yet scheduled my annual physical. Sometimes, when we believe we’re doing a good job at something, like taking care of ourselves, we forget to ask an expert’s opinion. After all, I’ve always been an active person. I love hitting the sand for some beach volleyball, and I […]

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