Common mistakes to avoid during your retirement planning

Do you feel it is impossible to avoid taxes? It may seem unfair to give away a portion of your hard-earned income as taxes. Do you know you have to pay taxes even after you retire? Assuming you have income in retirement, you will have to pay some income taxes. While you will no longer

4 Successful Strategies for Retirement Planning

If you intend on living a stress-free life after retirement, the best way to go about it is proper planning! Those who lead happy retired lives are not people with a lot of money but those who started investing and managing their finances early in life. If you have a vision of a tax-free retirement,

Why are municipal bonds gaining popularity?

Municipal bonds are becoming increasingly popular among investors because the interest earned is generally federal income tax-exempt. Hence, smart investors are willing to take a lower interest rate. Recently, there has been a sudden increase in the taxable municipal bonds being issued. Read on to know more about municipal bonds and the reasons behind the

Create Tax-Free Retirement Income with Municipal Bonds

Municipal bonds are issued by states, counties, cities, etc., to fund public projects. Interest earned on municipal bonds is generally not subject to federal tax. If the bond is issued by your state, it may be tax-free at the state level too. However, if you buy municipal bonds for a state you don’t live in,

Where should I keep my Money for Tax Free Retirement Income?

A good retirement income plan has multiple sources of income. But a great retirement income allows you to coordinate various retirement income streams while minimizing overall taxes. The following 4 investments help you minimize, even pay zero, taxes in retirement. Roth IRA The money kept in a Roth IRA is taxed when you receive it,

Waiting to Save for Retirement can prove Expensive

For many of us, retirement planning may be the last thing on our minds. You may be busy paying off your debts, planning to buy a house, sending your kids to college, or taking care of your aging parents. But the years can pass by quickly. Waiting to save for your retirement may not leave

Common Estate Planning Mistakes and Solutions

Estate planning is a vital part of financial planning. Many people find it challenging to handle their financial affairs and this may lead to some common estate planning mistakes. Read on to know more. Common Estate Planning Mistakes The most common estate planning mistakes include – Not making a will Creating a trust, but not

4 Toughest Retirement Challenges

Many people face the challenge of retiring comfortably. Saving for retirement can be hard if you are living from paycheck to paycheck and especially when you are living in a city like Los Angeles. Poor access to workplace retirement plans Saving for retirement is hard enough for most people but in Los Angeles, California, it’s

Are Wills and Trusts Different?

Estate planning is no longer a difficult process. Technology, virtual meetings, and ready-to-use templates have made it easier in the recent years. An estate plan typically includes wills and a trust and it is important to know the difference between these two documents. A WILL is a legal document that defines your wishes for what

How to Save for Retirement?

Are you worried that you’re not saving enough to enjoy your retirement? Are you trying to get your expenses under control? If yes, you are not alone. These are common problems with many people who are trying to build a nest egg while balancing their budget. Here are some important tips to help you. Start