Category Archives: Qualified/Retirement

Do Not Liquidate Your 401(k) When Leaving Your Job

For better or worse the 401(k) seems to be the main savings vehicle for Americans, so it always shocks me how little most people actually know about it.  Financial Advisor Magazine (along with every other main stream media outlet) jumped on a recent report by Fidelity (oddly enough none of these main stream outlets seem…Continue Reading

What Are Your Options When You Inherit an IRA or Other Qualified Account?

Doing some research today I found a great chart produced by the IRS which highlights your options when a spouse or non-spouse inherits an IRA or other qualified Account. As you could imagine the decision you make could cost you and your family tens of thousands in an unneeded taxes. Two Examples of RMDs Gone…Continue Reading

Are You Miscalculating How Much You Need in Retirement? What is Life Expectancy

I have said it before that I am not a huge fan of the 4% safe withdrawal rate discussion.  It doesn’t make a whole lot of sense to me.  What you are allowed to take out means nothing if you need the funds, but I digress to today’s point – there is another part of retirement…Continue Reading

What do the Chilean People Know About Retirement that Most Americans Don’t?

I came across an interesting article about Chile’s retirement system which made me think that the population down there may be on to something that more Americans should take advantage of.  In fact, I find it mind boggling that we aren’t, at least in part, following their lead.  In the article, Solving Chile’s Annuity Puzzle,…Continue Reading