In 1997, the U.S. Congress established a new type of retirement account named after Senator William Roth. Although this account did not provide an immediate tax deduction, it did offer a powerful and simple concept– all growth, if kept until retirement age, would be TAX-FREE. For many years, higher income Americans were unable to participate in either annual Roth contributions
Life beyond paid work can be fulfilling, but getting there requires financial planning, self-control San Antonio is a popular choice for retirement because of its low cost of living, sunny weather, quality health care and urban amenities. But when planning for retirement, the first question you may need to ask yourself is: “Do you really want to retire?” Studies show
Life beyond paid work can be fulfilling, but getting there requires planning, self-control San Antonio is a popular choice for retirement because of its low cost of living, sunny weather, quality health care and urban amenities. But when planning for retirement, the first question you may need to ask yourself is: “Do you really want to retire?” Studies show that
How to save when making required minimum distributions from retirement accounts. Here’s a unique tax-avoidance strategy: Marry a younger person. The IRS says that if your spouse is at least 10 years younger than you, you’re entitled to take smaller required minimum distributions (RMDs) in retirement. You’ll owe less in taxes on those reduced distributions. So you say that tactic
Is it your goal to spend your golden years living in a hut on the beach of a Caribbean island? Or do you dream of a second act running a vineyard in Tuscany? Retiring overseas can be both more enticing and and more affordable — depending on the locale — than retiring in the United States. But a smooth transition