Should You Convert Your Traditional IRA Into a Roth?

By |2022-12-10T04:25:50+00:00December 20, 2022|IRAs, Retirement Income Planning|

When the Studebaker car company ceased production in 1966, it wasn't just their business that failed. Auditors found that the company's pension fund also had serious problems, leaving thousands of workers with reduced benefits or none at all. The Studebaker employees' retirement was completely reliant on the success of a single company. Sadly, all their eggs were in the wrong basket. In response to this and other pension disasters, congress passed the Employee Retirement Income Security Act (ERISA). One of its key components was the individual [...]

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Inflation: the good, the bad and the truth

By |2022-10-18T13:56:38+00:00October 17, 2022|Financial Market, Income Taxes, Retirement Income Planning, Tax Planning, Theus Wealth Advisors, Uncategorized|

Recently, a number of folks have asked me:  So… we know you’re a pretty optimistic person. But what’s the most bearish or worst-case scenario for the stock market right now? There is a lot of bad news despite the media attempting to paint things in a good light. In truth, you have to balance being optimistic with being realistic. I’m a long-term optimist with an understanding that things can and will get really bad on occasion. See history. It’s just how things work when humans [...]

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If you have a Federal Employee TSP – Watch This Video

By |2022-09-10T22:45:30+00:00September 10, 2022|Investment Management, Retirement Income Planning, Uncategorized|

Do You Know How Your TSP Dollars Are Being Invested? What is Blackrock you ask? In January 2022, West Virginia Republican State Treasurer Riley Moore announced that the state would no longer be using BlackRock Inc. for banking transactions due to the company’s involvement in China and its policies related to coal and natural gas. Well, in June 2021, Tucker Carlson exposed how BlackRock and other investment firms like it, are "killing the dream of home ownership." Journalist Pedro Gonzalez reiterated [...]

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The best non-financial reason to delay retirement

By |2022-09-10T19:49:34+00:00August 2, 2022|Retirement Income Planning|

You’ve probably heard a number of good reasons to continue working longer than you may have to. The most prominent are financial. For example, qualifying for higher Social Security benefits. Every year you delay claiming your benefits from age 62 to 70, your monthly check can increase by about 8%. By continuing to work past what’s commonly regarded as retirement age, you can also maintain the continuity of your peak earning years’ income. And of course, by delaying retirement you delay withdrawing from your retirement savings, [...]

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Securing A Future

By |2022-09-10T19:49:36+00:00May 31, 2022|Retirement Income Planning|

If you don't keep up with financial news, you may have missed this story about a new bill The House has recently passed. It's called Secure 2.0, and, as the name implies, the goal is to help secure a better retirement for US citizens. As luck would have it, the Senate is also on the case and has its version of the bill in the works (Retirement Security and Savings Act). There's a similar end game, with some differences. For example, both plans: Allow some part-time [...]

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What’s Your Number? 65… 66… 67… 68

By |2022-09-10T19:49:36+00:00May 24, 2022|Retirement Income Planning|

  No, we’re not counting sheep or bottles of beer on the wall today. We’re talking about retirement age! Most Americans, according to CNBC, are hoping to retire by the age of 62. Wishful thinking? Maybe. 62 is also the age at which people can first claim Social Security retirement benefits, so long as they are eligible based on their work records. However, you should know that the age you start claiming benefits can affect how much you get! If you wait until full retirement age [...]

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When Gauging Progress Towards Retirement, Avoid Fixating on a Single Number

By |2022-09-10T19:49:37+00:00May 10, 2022|Retirement Income Planning|

We’re used to assessing our wellbeing through metrics. Newborns are immediately given a numbered assessment for things like skin tone, breathing, and reflexes. School children regularly take standardized tests to determine their grade level in reading and math. High schoolers focus on their GPA and SAT scores. And as adults our routine check-ups involve tests with dozens of data points—our health by the numbers. In each case the metric comes with the question: How does this compare with others? We want to know that our kids [...]

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Retirement Investing: When Boring is Good

By |2022-09-10T19:49:38+00:00April 26, 2022|Investment Management, Retirement Income Planning|

If a friend describes the latest spy novel as “about as interesting as watching paint dry,” or a review says the plot of an award-winning film “is like watching grass grow”—you take that information as a warning. The book and the movie are boring. And the last thing you want when you’re looking for entertainment is to be bored. But when it comes to managing your finances and saving for retirement, boring is good. First of all, it’s proven to be the most effective way to [...]

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6 Tips for Happy Retirees

By |2022-09-10T19:49:38+00:00April 19, 2022|Retirement Income Planning|

  When most people think about retirement, they tend to think of it in terms of numbers. “How much money do I need to retire?” “How are my investments doing?” “Are all of my income sources going to cover my expenses?” “Will I run out of money?” And yes, the tangible details are important (it’s the cornerstone of everything I do!) but we can not afford to ignore the intangible. That’s how to make sure that you are happy when you finally stop working. After all, happy [...]

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Healthcare Costs: A Risk to Your Retirement You Should Be Planning For Now

By |2022-09-10T19:49:39+00:00March 15, 2022|Retirement Income Planning|

Saving for retirement has been likened to climbing a mountain. It’s an ambitious goal. It requires long-term effort and an experienced guide. Progress is sometimes slow as you work your way around obstacles. But when you finally reach the summit, you can just relax and enjoy the view. That’s the idealized version, anyway. In real life mountain climbing, the risks don’t stop when you reach your goal. They simply change. And you find yourself facing a new set of hazards. For example, a climber who reaches [...]

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