“For the investor, taxes represent a real threat to wealth and a cost that must absolutely be controlled,” asserts the author of today’s article, who points out that a critical assumption underlying most tax minimization efforts – that most people will be in a lower tax bracket during retirement – may be a false assumption given today’s historically low income…
Required minimum distributions from tax-deferred retirement accounts are, as the name indicates, required once one reaches the age of 70 ½. For those who don’t need to tap their retirement funds, RMDs create a tax obligation – and risk pushing them into a higher tax bracket. Fortunately, today’s article outlines a number of strategies “that can be leveraged to manage…
Is the conventional wisdom wrong? Is a 401(k) not really the best way to save for retirement? The author of today’s article makes that case. After outlining the three main reasons typically put forward as to why you should maximize your contributions to your 401(k), he presents three reasons to the contrary. One reason? You are not necessarily in a…