by Retirement Road | Sep 22, 2024 | Second Leg
If you’re like most people, you’re probably looking for ways to reduce your tax burden in retirement. Using Roth Conversions is one strategy that can help is to convert your traditional IRA or 401(k) to a Roth IRA. By doing so, you can potentially save...
by Retirement Road | Sep 22, 2024 | Packing
While you can begin receiving Social Security benefits as early as age 62, doing so will reduce your monthly payments. If you’re able to wait, your future benefits will increase. Once you reach “full retirement age,” your Social Security income grows by up...
by Retirement Road | Sep 17, 2024 | First Leg
While most of us can no longer rely on a traditional pension from our employers, there are still ways to build a reliable income stream that can support a comfortable retirement. Our generation, and those that follow, largely won’t have employer Defined Benefits...
by Retirement Road | Sep 17, 2024 | Home Stretch
As you consider your investment time horizon—how long your money needs to last—it’s crucial to understand how withdrawals will affect your portfolio. Many retirees may have unrealistic expectations about how much they can safely withdraw each year. Some believe...
by Retirement Road | Sep 17, 2024 | First Leg
There is no way to put a single number on retirement. The answer is, it depends on the life you expect to live. For some people $1 million in retirement savings is plenty. For others who receive a significant pension, $500k is plenty. Depending on a combination of...
