Retirement Options for Tax Savings for Soon-to-Be Retirees
Generally, to make IRA contributions, you’ll need earned income from which you contribute. However, there’s a retirement option for a non-working partner. The non-working spouse can make contributions to both a tax-deductible (conventional) IRA or a Roth IRA based on the working spouse’s income. This exception provides ‘soon-to-be’ retired people both a way to pack more into their retirement savings, [...]
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Retirement Options for Investment Allocation
The retirement options for selecting investments seem endless. But this post will point out some major retirement strategy issues that always apply. And that includes well-timed investment allocation that can help assure you achieve your goals. Don’t let what happened to Xavier and Roberta happen to you. Xavier and Roberta each saved well during their working life. They had created [...]
Categories: retirement options Tags: asset allocation, retirement investments, retirement strategy
Retirement Options Starting at 60
“My spouse and I are sixty and sixty two. We’re self-employed, renting the house we raised our children in and also have no retirement strategy beyond an Individual Retirement Arrangements along with a small financial savings. We gross more than $110,000 a year, but almost thirty percent goes to income taxes. What are our retirement options at this stage of [...]
Categories: retirement options Tags: retirement strategy
