QLAC: Qualified Longevity Annuity Contract
A qualified longevity annuity contract, or “QLAC”, is a type of annuity that can be a helpful part of your retirement withdrawal strategy. A QLAC
A qualified longevity annuity contract, or “QLAC”, is a type of annuity that can be a helpful part of your retirement withdrawal strategy. A QLAC
A gross expense ratio is the annual cost of operating a mutual fund or ETF. It tells you the total expense of owning the fund
The simple fact that you are retired doesn’t mean you can’t contribute to an IRA. You can still contribute to an IRA if you are
It is possible to retire on 500k in retirement savings, but you’ll need to do some careful planning. There aren’t many universal answers to retirement
If you contributed too much to your 401k you may end up owing a penalty. Depending on when you realize that you have contributed too
There are two different annual limits on 401k contributions. The elective deferrals limit, and the annual additions limit. Your employer match counts toward one, but
A fund of funds is a collection of mutual funds bundled together. By combining different mutual funds into one package, the fund of funds purpose
The market risk premium is the return that you earn on stocks above what you could earn by investing in government bonds. For example, if
A 702(j) retirement plan really isn’t a “retirement plan” at all. It’s a cash value life insurance policy sold as a retirement plan. You may
Tax-gain harvesting may seem counter-intuitive, but it can be an effective way to reduce your total tax burden in retirement. Mindful tax planning is one
Want to know how long your money will last with systematic withdrawals? Use the retirement withdrawal calculator to give you a good reference point. It’s
A multi-year guaranteed annuity, or MYGA, is very similar to a CD. A MYGA pays a fixed rate of interest and is most appropriate when
In-kind distributions can sometimes provide tax or other benefits that a cash distribution doesn’t. So what is an in-kind distribution? Any distribution NOT made in
Knowing the difference between your marginal vs effective tax rate is an important element of tax planning. When you understand your tax rate, you’ll be
What does it mean to be the best financial advisor? Simply put, there isn’t one single set of characteristics or traits that make someone the
Whether you retire, change jobs, or even get fired, you’ll have a few options for your 401k. While it is generally up to you, what
If you hold a portfolio that contains stocks or equity funds, whether they are mutual funds or ETFs, then chances are you receive dividends. You
There isn’t a magic or standard 401k withdrawal age. You can withdraw from your 401k at any time. Of course, you’ll likely owe taxes and
This article covers the mechanics of paying Roth conversion taxes. Specifically, we will look at the source of money that you use to pay the
As for dramatic names, the Goodman Triangle wins the competition with the moniker “Unholy Trinity of Life Insurance”. Maybe I watched too many horror movies
Many people who leave Edward Jones feel uncertain about the process, especially when it comes to avoiding unnecessary fees or taxes. The good news is
When choosing between a Roth 401k vs Roth IRA, there are a few similarities and differences you need to be aware of. It’s customary to
The idea for this article comes from a question submitted by a reader. I’ve copied the question below, and omitted the names to protect the
A Mega Backdoor Roth is a conversion strategy that allows you to save a much higher amount in your Roth IRA than you are allowed
Money Market Accounts, or MMAs, are a type of savings account that pay a higher rate of interest than you typically earn on a standard
One of the easiest ways to increase your retirement income is to reduce your tax bill on that income. With tax-free municipal bonds you can
An emergency fund CD ladder can be a good tool to earn a little higher rate than you would likely get if you simply kept
To use this bond price calculator simply select the item that you would like to solve for and input the variables that you know. Below
If you are subject to required minimum distributions (RMDs), you may be wondering if they can affect your planned withdrawal strategy. You can see this
Roth conversions can be a good strategy to reduce your tax bill both before and during retirement. If you are thinking about what you should