Year-End Withdrawal Planning (and the 2024 Election Results)
Now that November 5 has come and gone, we can turn to year-end planning for withdrawals from tax-deferred IRA and 401k accounts (and other tax deferred accounts such as 4013(b) accounts). My book, From Savvy Saver to Smart Spender shows that If you are a retiree with a large tax-deferred 401(k), 403(b), and/or IRA balance […]
Repurposing the cash value of whole life insurance through a tax-free exchange
By Daniel McDonald Do you have any whole life insurance policies? Unlike the more common term insurance, whole life insurance costs more but unlike term insurance can build cash value, fix premiums for many years even if health deteriorates, and provide certain tax benefits including tax-free loans. A 1035 exchange is a great option to […]
Favorite (free) retirement planning calculators
I have been surfing the web a lot in the last couple of years to find the best resources to help with financial planning. There is a lot of information out there (except for information on the topic of my book, saving taxes!). Here are my recommendations for (free) websites that help answer the question: How […]
Seven Favorite Free Retirement Financial Planning Websites
Both to research my book and for my own personal retirement financial planning, I found that searches tended to bring me back to certain resources over and over again. The following (in no particular order) are among the sites that rose to the top based on the strength of the content, the underlying expertise, the […]
