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June, 2018:

Designated Roth Account (Roth 401k) Distributions

Distributions from a Roth 401k can be very complicated. This article goes into the details you need to be aware of to avoid tax where possible.

Income Replacement with Disability Insurance

Most individuals understand the need for traditional life insurance. It pays a death benefit in the event a loved one, such as a spouse, dies prematurely. The death benefit is there to provide income for expenses, and to fund future expenses such as college or the surviving spouse’s retirement. While not overlooked, a seldom though about income replacement tool is disability. Disability insurance should not be ignored, and arguably should be considered as a higher priority than life insurance. This is because statistically, an individual has a higher chance of becoming disabled, than dying prematurely. Especially if they’re young. Most disability policies are offered through an employer as benefit for employees. Typical policies provide 60-70% of income replacement in the event the covered employee becomes disabled. When initially getting disability insurance, it’s important to pay close attention to the definition of disability in the policy. This definition will determine whether […]

Calculating the Social Security Retirement Benefit

Do you know the process for calculating the Social Security retirement benefit? It’s a bit complicated, but it’s useful to understand.

The Spousal Benefit Option for Social Security Benefits

The spousal benefit – a great part of the SS retirement benefits program. This allows a minimum benefit to be available to a non-working spouse.

Things to Consider as You Set Up a SOSEPP

Do you know how to set up a SOSEPP (72t) plan? It’s got to be done correctly, otherwise you’ll face some big problems and penalties.

The Heartbreak of Withholding From Indirect Rollover

An indirect rollover can cause problems, not the least of which is the mandatory withholding if the source account is an employer plan (401k).

No Application Required

There are certain specific situations when an application is not required to begin Social Security or Medicare benefits.