Retirement Planning Archives - Page 2 of 3 - Milestone Wealth Management - Ryan Cravitz

Category Archives for Retirement Planning

Life Insurance Boosts Pension

How the Right Life Insurance Policy Essentially Boosts Your Pension

No, buying a life insurance policy isn’t going to increase your pension benefit checks. But there is a legit strategy for using life insurance as a way to get the most of your pension. Let me share a recent experience with you… Meet Darren and Leigh Darren came to me the other day for advice […]

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Make the most of RMD's from IRA's

What If You Don't Need Your RMD's? Creative Ways to Make the Most of RMDs

You know, 2016 is going to be one of those years many of us will remember for a very long time. We’ve watched the stock market reach record heights, felt our jaws drop when the Brits voted for Brexit, saw Michael Phelps cement his Olympics legacy and the Chicago Cubs break the longest championship drought […]

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Trump and Retirement

What Will President Trump Mean to My Retirement?

As many of you know by now, the Social Security Administration released some disappointing news for 2017. While the coming changes are unfortunate for the millions of Americans who depend on these benefits to make retirement possible, a lot of us have been expecting Uncle Sam to cinch his belt for a while now. But […]

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Social Security and changes in 2017

3 Ways Social Security is Changing in 2017

what you’re expecting to get from Social Security and what you’ll actually get in retirement could be two very different realities. So, let’s take a look at how the SSA’s changes for 2017 might impact our benefits… 1. A paltry cost-of-living increase Yes, it’s true. Beginning in January, the cost-of-living adjustment (COLA) will be a […]

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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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