The IRS has just released new numbers for tax year 2021, including marginal tax rates and contribution limits. Have you maxed out your retirement savings plan?
2021 Retirement Contribution Limits, Tax Rates, and other IRS updates
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Congratulations, You’re Retired! Which Money Should You Spend First?
Your taxable savings, your traditional IRA (or 401K), or your Roth. Which do you spend first during retirement?
The End of the Year is Approaching. Optimize Your Tax Savings Now!
Ten items for your end-of-year personal finance checklist. Have you maximized all your contributions and deductions for this year?
Maxed Out 401K? How to Add More Tax-advantaged Retirement Savings
Seven more methods to invest more savings and pay less taxes on what you earn
Stretch Your Retirement Savings with the Addition of an Annuity
A review of “Safety-First Retirement Planning” by Wade Pfau (2019). Adding an annuity to your retirement plan will relieve longevity risk and improve your retirement spending budget.
Four Best (and One Worst) Alternatives to Long-term Care Insurance
With our long lifespans long-term care coverage is becoming a necessity. Fortunately, many states offer partnership programs to assist in finding a good LTCI policy. Other options include hybrid annuities and life insurance policies.
“Retiring” From Your Job? Check These First Before Racing to the Exit
Don’t leave behind perks that you are entitled to, including vested stock options. Likewise, plan for things that are going away, especially health insurance.
Should You Include Individual Stocks in Your Investment Portfolio?
Avoid holding individual stocks within your investment portfolio. It represents poor diversification and greater emotional attachment.
Should You Invest in Your Company Stock?
Usually, it’s best to maintain diversity in your portfolio and NOT purchase additional stock from the company you work for
This information has been provided for educational purposes only and should not be considered financial advice. Any opinions expressed are my own and may not be appropriate in all cases. All efforts have been made to provide accurate information; however, mistakes happen, and laws change; information may not be accurate at the time you read this. Links are included for reference but should not be considered an implied endorsement of these organizations or their products. Please seek out a licensed professional for current advice specific to your situation.
Liz Baker, PhD
I’m an authority on investing, retirement, and taxes. I love research and applying it to real-world problems. Together, let’s find our paths to financial freedom.
