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Building the Complete Estate Plan | Retirement Watch
https://www.retirementwatch.com/Beat7Threats.cfm
Financial Advice for Retirement and Estate Planning. Building the Complete Estate Plan. Building the Complete Estate Plan. Of course, prime goals of an estate plan are to allocate your assets to the loved ones you want to have them in a way that minimizes time, expenses, and taxes. But there is much more to consider. A complete estate plan addresses some additional goals. Achieving those goals re-quires some documents and other tools. I some-times call the key elements the Financial Emergency Kit. It oft...
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Estate Tax Tricks, Traps for Married Couples | Retirement Watch
https://www.retirementwatch.com/EstateSampleShifts.cfm
Financial Advice for Retirement and Estate Planning. Estate Tax Tricks, Traps for Married Couples. Estate Tax Tricks, Traps for Married Couples. Too many married couples are making a big mistake. They believe current estate tax law exempts them from having to plan or consider estate taxes in their plans. That misunderstanding could lead to problems. While the estate tax law enacted in early 2013 has many benefits, you need to know how to maximize them. Portability makes most couples believe they don̵...
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Finding Safe, Guaranteed Income | Retirement Watch
https://www.retirementwatch.com/CashSample5.cfm
Financial Advice for Retirement and Estate Planning. Finding Safe, Guaranteed Income. Finding Safe, Guaranteed Income. There are a number of ways to protect your nest egg. But there also are perils in the market for safe, guaranteed income. When you’re in the spending years and looking to convert part of your nest egg into a stream of income, the immediate annuity is the conventional, reliable strategy. There are some disadvantages. You have limited or no ability to dip into the principal when spendi...
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About Bob Carlson | Retirement Watch
https://www.retirementwatch.com/AboutBob.cfm
Financial Advice for Retirement and Estate Planning. I soon learned that I liked writing and researching for a broad audience more than practicing law. I found myself editing several different newsletters over the years and also writing books and reports. I settled at a newsletter called Tax Avoidance Digest. That eventually changed its name to Tax-Wise Money. In response I wrote and published a little book I titled Retirement Tax Guide. Again after looking around the market In 1991 I decided to launch a...
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Spotting Overlooked IRA Opportunities | Retirement Watch
https://www.retirementwatch.com/CashSample1.cfm
Financial Advice for Retirement and Estate Planning. Spotting Overlooked IRA Opportunities. Spotting Overlooked IRA Opportunities. IRAs hold the bulk of most people’s retirement nest eggs. They are vital to successful retirement. Yet, many people leave a lot of IRA money on the table. They don’t realize the many strategies available to increase the after-tax value of IRAs. The emergency account fallacy. Or should you convert to a Roth IRA? In past visits we’ve shown how tactically taking spending c...
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Planning This Year with Last Year's Tax Return | Retirement Watch
https://www.retirementwatch.com/CashSample3.cfm
Financial Advice for Retirement and Estate Planning. Planning This Year with Last Year’s Tax Return. Planning This Year with Last Year’s Tax Return. Scanning your tax return with an educated eye reveals much about your finances and provides some tips for increasing your net worth. The third rate is your taxes divided by your net worth. This is a quick, rough way to see if you’re saving enough. As you approach retirement, you should have more assets than income, so the tax rate on your wealt...Most retire...
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Investing When Rates are Low, Poised to Rise | Retirement Watch
https://www.retirementwatch.com/PortfolioSample1.cfm
Financial Advice for Retirement and Estate Planning. Investing When Rates are Low, Poised to Rise. Investing When Rates are Low, Poised to Rise. What do you do when interest rates are low but the Federal Reserve makes clear it is going to start raising rates? Investors want to know what to do with the bond or income portions of their portfolios in this environment. There are two vehicles available for investors in these quandaries. Either one will keep your principal safe, is likely to generate a rea...
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Strategies for Spending Your Nest Egg | Retirement Watch
https://www.retirementwatch.com/TaxSample1.cfm
Financial Advice for Retirement and Estate Planning. Strategies for Spending Your Nest Egg. Strategies for Spending Your Nest Egg. Some of this shortfall is due to unexpected spending, especially medical and long-term care expenses. But most of the shortfall is due to people entering retirement with no spending plan or a poorly-conceived plan. We’re going to discuss how you can develop the right spending plan for you. Most of you are familiar with the maximum safe withdrawal rate, or the 4% rule. Dev...
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Avoiding Inherited IRA Disasters | Retirement Watch
https://www.retirementwatch.com/IRASample1.cfm
Financial Advice for Retirement and Estate Planning. Avoiding Inherited IRA Disasters. Avoiding Inherited IRA Disasters. IRAs are more complicated than most people realize. It can be especially tricky to inherit an IRA. It is not unusual for IRA heirs to misunderstand these complicated vehicles. A wrong move or two triggers high taxes, often causing most of the IRA to end up with the IRS. Income taxes can take 35% or more of the IRA. Estate taxes can take another chunk. And what not to do? The inheriting...
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Avoiding Expensive IRA Mistakes | Retirement Watch
https://www.retirementwatch.com/IRASample2.cfm
Financial Advice for Retirement and Estate Planning. Avoiding Expensive IRA Mistakes. Avoiding Expensive IRA Mistakes. From the desk of Bob Carlson…. Retirement isn’t what it used to be. Taxes, long-term care, medical expense coverage, annuities, life insurance, estate planning, and other aspects of retirement finances have undergone numerous changes… each one of them painstakingly difficult to follow. That’s where I come in…. The strategies that maximize your financial well-being in retirement. Bob Carl...