As you plan for retirement, there are a few items that may get a larger amount of your attention as you try to fit everything into place. However, as you look toward your retirement, it’s important to remember an essential factor that sometimes gets pushed to the side: savings rates.
Consider these options to help your tax return work for you!
Working as you transition to, or even during, retirement can provide fulfillment and allow you professional flexibility that suits your changing lifestyle.
Today, we’re going to talk to advisor Paul Sorenson about nonqualified deferred compensation (NQDC) plans. He’ll tell us some of the important items to consider when looking at NQDC plans and how they might fit into an existing retirement plan.
As Americans enjoy longer life expectancy during retirement, planning for quality of life in those years is an essential aspect of retirement planning.
“What’s a CFP, and why does the CFP certification matter?” CFP stands for certified financial planner professional. The CFP designation is awarded in recognition of an individual who was passed through a rigorous certification process.
Do you have a 401k plan but are unsure what to do with it next? We can help! First thing is to define, whether we talking about a former employer plan or a current employer plan.
The most common estate planning mistake that we see is not having any estate plan in place. There’s no will. There’s no living will, no power of attorney. In the state of Maryland, if you don’t have a named beneficiary or don’t have your estate planning documents in order, it’s not you that is dictating, it’s the state of Maryland and other statutes.
Many tax issues are covered in consideration of family issues, income, and investments, but if you have qualified plans, there are just a few more loose ends to wrap up during your tax review.
Qualified plans often play a large part in the retirees income equation, so it’s essential to properly account for distributions taken throughout the year.
