Should You Pay off Your Mortgage before Retirement

Paying off debt is obviously a positive financial move. When approaching retirement, it takes on new meaning. Every dollar you don’t spend repaying debt becomes a dollar you can spend on your lifestyle. This week’s article discusses the holy grail of debt…. your mortgage.

 

 

 

 

-Click on the image above to read the article.

-Andy Barkate

Inherited IRAs Lose Important Protections

When is an IRA not an IRA…when it is inherited. At least that’s want a recent Supreme Court ruling indicates. Until now, inherited IRAs enjoyed creditor protection…not anymore!

 

 

 

 

 

 

-Click on the image above to read the article.

-Andy Barkate

Dispelling Myths about Trusts

 Trusts can be very useful yet confusing financial instruments. There are many misconceptions and just plain bad information surrounding trusts  and there capabilities. The attached article discusses and dispels some of the more common mistakes.

 

 

 

 

 

-Click on the image above to read the article.

-Andy Barkate

The Changing Face of Boomer Retirement

The definition retirement is slowly changing. Retirement used to conjure up thoughts of rocking chairs and fishing poles, nowadays we imagine lifestyles that are more active and adventuresome.  Many boomers continue to work as a way to ease into retirement. The attached article discusses some of the concerns you maul over before staying in the workforce for reentering it.

 

 

 

-Click on the image above to read the article.

-Andy Barkate

Rising Interest Rates – Look beyond the Obvious

  Interest rates have remained stubbornly low for a much longer period of time than most would have imagined. When rates eventually rise, some of the consequences will be obvious, but others (both positive and negative) will be less evident. This week’s article discusses some of the lesser known effects of rising interest rates.

 

 

 

-Click on the image above to read the article.

-Andy Barkate

Ways to Keep the IRS at Bay

Question: what’s worse, a car crash or an IRS audit. It’s a trick question, and IRS audit is a car crash. Keeping the IRS off your back can be as simple as avoiding obviously dumb behavior. This week’s article discusses several areas that will help you steer clear of IRS scrutiny.

 

 

 

 

 

 

 

 

-Click on the image above to read the article.

-Andy Barkate

Tips to keep Your Retirement Income from Running Out

 When it comes to retirement planning, building sustainable income streams is the holy Grail. The this week’s article discusses several ideas that can help in maintaining that steady income that all retirees crave.

 

 

 

 

 

 

-Click on the image above to read the article.

-Andy Barkate

 

 

 

 

America’s New Piggy Bank

  According to the latest IRS stats, pulling money from 401(k)s has replaced home equity as the newest piggy bank for those needing quick cash to pay for their lifestyles. This is a perfectly acceptable strategy if you plan to retire and move in with kids.

 

 

 

 

 

 

 

-Click on the image above to read the article.

-Andy Barkate

8 Life Insurance Mistakes

  Life insurance can be as exciting as watching paint dry. But, in many cases it’s a necessary part of a well laid financial and retirement plan. Using it correctly is not as simple as it seems. The attached article discusses some of the pitfalls to avoid.

 

 

 

 

-Click on the image above to read the article.

-Andy Barkate

When is Taking Money from Your Retirement Not So Taxing?

  If you’re buying company’s stock in your 401(k) or Profit Sharing Plan, Net Unrealized Appreciation is something you should become familiar with. Understanding NUA will not only allow you to have more access to the money in your retirement plans but may save you a lot of income taxes.

 

 

 

 

 

-Click on the image above to read the article.

-Andy Barkate

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