Sequence of Returns Impact Regarding the sequence of returns, here are some key takeaways: 1. **Sequence of returns matters in retirement planning,** but it's unpredictable and out of our control. The impact of market performance in the early years of retirement can...
Super Catch Up Contributions Here are some key takeaways: 1. Super catch up contributions: Starting in 2025, individuals turning 60 can save an additional $11,250 per year over the normal limit in their workplace retirement accounts for ages 60-63. 2. Increased...
Our Rental Property - Should We Sell? Case Study Key Takeaways: - The folks in this case own two homes: their primary residence - The rental property has $125,000 equity and $310,000 value - They make $90,000 gross income per year and live month-to-month with $5,000...
Controlling Expenses in Retirement Here are some key takeaways: - Expenses are possibly the biggest driver of what your retirement plan will look like. - Big-ticket items like housing costs, outstanding debts, and healthcare expenses are what really move the needle in...
Should I Work One More Year, or Retire Here are some key takeaways: Work one more year - or two - before retirement can have significant financial benefits, including increased 401(k) contributions, market growth, and delayed portfolio drawdown. In the example...
Fed Rate Cut & Election Wrap-Up - Key Takeaways: Here are some key takeaways: 1. Markets prefer certainty: The stock market tends to react positively after major events like elections, regardless of the outcome, as it reduces uncertainty. 2. Multiple factors...
Cost of Living Adjustment Social Security for 2025 Some key takeaways: 1. COLA Cost Of Living Adjustment Social Security for 2025: The COLA (Cost of Living Adjustment Social Security) in 2025 will be 2.5%. 2. Cumulative increase since 2021: The average monthly...
Mutual Fund Capital Gains in 2024 Here are some key Takeaways: - Capital gains distributions can happen even in years when the market is down, as seen in 2022 - Owning mutual funds in retirement accounts (401k, 457 plan) doesn't have immediate tax implications for...
The Required Minimum Distribution - 2024 version Here are some key takeaways: - RMDs are calculated based on the account balance on December 31st of the previous year and an IRS life expectancy table. - The RMD amount changes yearly due to changes in account balance,...
Out Earn Social Security? Here are some key takeaways: 1. Social Security benefits increase by 8% per year if delayed until age 70, which is a guaranteed return compared to the potentially higher - but riskier - stock market returns. 2. On a risk-adjusted basis...
