Expert Retirement Planning

21. Where to Retire: Australia
(Content/Where to Retire)

... high-growth urban areas, you'll need to take AUS$750,000 in assets that you've already held for two years and invest this. You'll also need an income of at least AUS$65,000 a year on top of that. If you ...

22. Where to Retire: Panama
(Content/Where to Retire)

... do not pay tax on foreign-earned income, which is a huge benefit for retirees. And there are a variety of more general foreign investment rules that make Panama even more attractive. If you buy or build ...

23. What is a 401a retirement plan?
(Content/Retirement)

... to the plan. You reduce your current income taxes while you boost your retirement investments. Your contributions may be made on either a mandatory or a voluntary basis. The employer decides on the method ...

24. Where to Retire: Brazil
(Content/Where to Retire)

... if they can prove they will receive more than US$2000 per month in income. If the retiree has more than two dependents, an extra US$1000 is required for each person. To get the visa you'll need to apply ...

25. 6 Great Online Retirement Tools and Software Packages
(Content/Retirement Calculators)

... your goals, income, savings, portfolio type and results into this online calculator and it will let you determine how likely you are to make your savings goal by retirement age. Adjusting a wide range ...

26. How to select a retirement community that is right for you
(Content/Retirement Planning)

... have a substantial entry fee as well as ongoing monthly fees. They will want to be certain that you can afford these costs, possibly by confirming your assets triple their entrance fee and income is at ...

27. What is the best way to save for Retirement?
(Content/Retirement Planning)

... Your retirement income does not just depend on the amount you save, it also depends on the performance of the funds you invest in. Advisors recommend younger savers to invest their pension savings in ...

28. How to write a retirement letter
(Content/Retirement Planning)

... the company ample time to prepare. Many retirees continue working in a part time capacity as a contractor, so consider this as a potential avenue for post retirement income. The following is a base template ...

29. How to set up a Solo 401(k)
(Content/Retirement Planning)

... your contributions to be, and these sums are vested immediately. This is usually up to $102.000 a year. You can also reduce or suspend contributions if necessary. You pay no income tax on plan contributions ...

30. How does a 401(k) work?
(Content/Retirement)

... to consider. If you were to withdraw the money from your account, you will owe income taxes on the amount withdrawn plus an additional 10% penalty. While there are guidelines in place for what’s permissible ...

31. How to cash out your 401(k)
(Content/Retirement)

... able to make withdrawals for certain hardships, though you will still incur a 10% penalty and owe ordinary income taxes. Drawing from you 401(k) can be an easy way to obtain a loan, but certainly does ...

32. How is your 401(k) taxed?
(Content/Retirement Planning)

... can take all or part of your contributions from your gross income (pre-tax). By doing this you defer the amount of tax paid on each paycheck until you take the pre-tax money out of the plan. The employer ...

33. How much should I save for Retirement
(Content/Retirement Planning)

... in determining what you need to save, as these may subtract substantially from your monthly fund payments. However it is not advisable to rely on these benefits as your primary source of retirement income. ...

34. How to plan for Retirement
(Content/Retirement Planning)

... of being on a fixed income for as long as 20 or 30 years. The best places to save for your retirement are tax favoured retirement accounts such as IRAs – Individual Retirement Accounts – and 401(k)s. The ...

35. What You Might Not Know About Your 401(k)
(Content/Retirement Planning)

... tax deferred and tax free. When you choose to start taking distributions from your 401(k) account, you'll pay income tax on the full value of the account, not just the capital gains or interest earnings. ...

36. Protect Your Future Today with Sound Retirement Planning
(Content/Retirement Planning)

Haven't started saving for retirement yet? Are you putting off saving for retirement until you have "enough" money? Do you believe that social security will provide significant income to meet your living ...

37. 5 Retirement Planning Tips
(Content/Retirement Planning)

... on it as your sole source of retirement income. 5. Plan for a Realistic Lifespan Today's population has a longer lifespan expectancy that any of the past generations. Of course, none of us knows exactly ...

38. Understanding the Roth IRA
(Content/Retirement Planning)

... money in a traditional IRA, you enjoy the current day benefit of putting in the money pre-tax. When you withdraw funds from the account upon retirement, you are responsible for paying income tax on the ...

39. Social Security Considerations for Retirement
(Content/Retirement Planning)

... by thirty percent per month. This means that your monthly retirement income will be thirty percent less than it would have been if you had chosen to put off receiving benefits upon reaching the mandatory ...

40. Retirement Planning Tax Advantages
(Content/Retirement Planning)

... on investments in qualified retirement accounts are deferred until such a time that you start taking distributions from the account. This means that your annual taxable income is literally reduced by the ...