Where Retirement and Perspective Intersect

Pay Off The #@$! Mortgage

June 24, 2016

You’ve probably wondered about it at least once. When your budget finds an extra dollar, is it better put to use paying down the mortgage or invested into the retirement nest egg? It’s time to end the debate. Pay off the damn mortgage. Set Your Budget Free My preference is for a client’s mortgage to be paid off by the time they’re ready to retire. When you’re on a fixed income for the rest of your life, reducing fixed costs, so there is more room for discretionary spending, frees your budget so you can better pursue passions, interests, hobbies, etc.…

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Who will inherit more of your estate, the kids or Uncle Sam? The difference is often a Stretch IRA.

April 15, 2016

By Michael R. Panico, CFP® We talk a lot about inheritance and estate protection at our workshops. Those planning for retirement often express the desire to transfer as much of their unused nest egg as possible to the people they love most. Unfortunately, many of us are not successful due to being clueless about RMDs as they pertain to succession. Required Minimum Distributions, more commonly known as RMDs, are withdrawals made compulsory by the IRS once an owner of a qualified account, like an IRA, turns age 70 ½. But what happens when an IRA owner passes away and their…

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