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Tag: Depiction
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Saving for retirement can feel like a distant priority—especially when you’re juggling bills, family expenses, and career goals. But if there’s one financial move that can dramatically improve your future security, it’s contributing to a 401(k) plan. Whether you’re just starting your career or nearing retirement, understanding the power of a 401(k) can help you…
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Retirement is a major milestone, and with it comes a new financial landscape. For Sam (65) and Sarah (64), who retired on July 1, 2025, understanding their tax obligations is key to managing their income wisely. Let’s walk through their first year of retirement and see how their income stacks up against federal and state…
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When it comes to retirement planning, tax strategy can be just as important as investment performance. One of the most powerful tools for reducing your future tax burden and creating long-term flexibility is the Roth conversion. By moving funds from a traditional, tax-deferred retirement account into a Roth account, you can pay taxes now and…
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When you hit age 73 (if you were born between 1951 and 1959) or 75 (if you were born in 1960 or later), Uncle Sam wants his cut of your tax-deferred retirement savings. That’s where Required Minimum Distributions, or RMDs, come in. These mandatory withdrawals from IRAs, 401(k)s, and other retirement accounts can cause a…
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Retirement isn’t just about numbers—it’s about dreams, timing, and the courage to take the leap. For Bob and Barbara, a couple from Kentucky with a lifetime of memories and a love for adventure, the question was simple: Can we afford to retire now and live the life we’ve imagined? To find out, we ran a…
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Retirement planning can feel like navigating a financial minefield—one wrong step, and your nest egg might not last as long as you need it to. Today, we’ll analyze Jack and Jan’s retirement plan using Monte Carlo simulations, a powerful statistical method that tests thousands of possible market scenarios to estimate the likelihood of their savings…
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Retirement planning can be a daunting task, especially when you’re trying to ensure a comfortable lifestyle for the golden years. Today, we’re diving into the financial details of Debbie and Don, a couple in their 50s, to see if they can retire when Don turns 60. Let’s break down their situation and see if their…
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Meet Alex Johnson, a 65-year-old retiree who’s ready to embark on the adventure of a lifetime! With a successful career as a financial analyst behind him, Alex is now focused on making the most of his golden years alongside his beloved wife, Emily. Together, they have built a solid financial foundation, boasting $5 million in…
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Sequence-of-returns risk in retirement refers to the potential negative impact of the order in which investment returns occur on a retiree’s portfolio. This concept emerged from the broader understanding of investment risks, highlighting that not just the average return, but the timing of returns, can significantly affect an investor’s outcomes. For example, if a retiree…
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The Income-Related Monthly Adjustment Amount (IRMAA) is an additional charge that some people have to pay on top of their Medicare Part B and Part D premiums. This surcharge is based on your income level. If your income exceeds certain thresholds, you will be required to pay more for your Medicare coverage. Here are some…