When it comes withdrawing a “paycheck” from their retirement savings, many retirees say they prefer not to spend “principal.” However, capital gains are an important source of return—and potential cash flow—so it makes sense to have a broader conception of income....
Estate Planning – It’s Not Just a Tax Issue
Social Security – Decisions, Decisions
You can start Social Security retirement benefits at any age between 62 and 70, with the amount of your monthly benefit increasing the longer you wait within that window. That structure means that the average recipient would receive around the same amount over his or her lifetime no matter when that person started collecting. Of course, no individual is truly average...
Creating Your Retirement Paycheck
From the date you started your career to the final day on the job, you probably were working on an important goal: saving for retirement. You may have set up retirement accounts through your company, invested in the markets or sold a business to fund your retirement years. Whatever methods you used, once you hit retirement, it’s time to plan your income differently....