Retirement Pension Payment: Lump-Sum or Monthly Annuity?
If you’re lucky to have a pension, you have some tough choices to make, and you don’t know what you don’t know. Fortunately, I’ve helped many people avoid making some bad ones.
What is a Roth Conversion?
A Roth conversions are an excellent way to convert pre-tax money into an asset that will never be taxed again, even on the gain.
What Are the 401(k) In-Service Distribution Rules While Still Working?
There are about 60 million Americans currently with 401(k) accounts, which can be excellent wealth accumulation vehicles. Not to mention, many workers find 401(k)s to be highly convenient, with automatic contributions, employer matching, and other perks that make for simplified retirement saving. Unfortunately, the reality is that many retirees witness their 401(k)s plummet just before […]
Understanding the Government Pension Offset (GPO)
Many people working in the United States pay into Social Security through the taxes from their paychecks—unless they work for the U.S. government or other public entities. This is because upon retiring, they will receive a government pension rather than Social Security benefits. However, there are many exceptions and scenarios where receiving retirement benefits isn’t […]
