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Life Is More Enjoyable After Retirement

  "Enjoyment of everyday activities increases after retirement, a study from Australia has found."   The heightened level of enjoyment lasts at least a year after a retiree stops working full time, researchers report in the journal Age and Ageing. There is conflicting evidence about changes in enjoyment and happiness when people retire, coauthor Tim Olds of the University of ...
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Why You Need To Rollover your 401k To Save It From Taxes For Your Heirs

Company retirement plans such as 401k’s, 403b’s, and 457 plans are tax deferred accounts that act just like an IRA when it comes to taxation.  At age 70 1/2, unless one is still working and contributing to a retirement plan, you have to start taking distributions.  But what about making sure the beneficiaries stretch out the account as an Inherited IRA?  You will see the company plan in most...
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You Need to Set Up Asset Protection for the Inherited IRA

Asset protection for IRAs is often overlooked. IRA beneficiaries may be exposed to the potential loss of some or all of their inherited IRAs, for many reasons: Loss of the IRA to lawsuits and creditors. State statutes vary on how much they exempt IRAs from lawsuitsand creditors’ judgments. Recent Rulings on a federal level have deemed IRAs to not be creditor proof.  So in the even...
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How Are Social Security Benefits Calculated?

"How Are Social Security Benefits Calculated and What Can I Do To Increase Benefits?" There are a minimum number of years to qualify. To qualify for any Social Security benefits, you must have at least 40 credits. To receive a credit in 2017, you need to earn $1,300 per credit (this number adjusts each year), with a maximum of four credits per year. So to receive the 40 credits you have to work f...
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10 Reasons to Convert to a Roth IRA

The Roth IRA For Many Is A Staple to Effective Retirement Planning... 1. Taxpapers that have favorable tax features, such as a high basis ratio, charitable deduction carry-forwards, investment tax credit, net operating losses (NOLs), etc. This is due to the fact that these attributed reduce the effective tax rate of the conversion. 2. Suspension of the minimum distribution rules at...
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