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Need an income until Social Security kicks in?  Consider an income annuity with a time limit

Need an income until Social Security kicks in? Consider an income annuity with a time limit

Some income annuities have fixed income requirements, making them useful to help fund early retirement or pre-fund a large loan or life insurance policy. Immediate income annuities with lifetime payouts are popular for good reason. By providing an immediate monthly income guaranteed for life, they help ensure a worry-free retirement. But you don’t have to …

Need an income until Social Security kicks in? Consider an income annuity with a time limit Read More »

Forget the $22,500 limit, some workers can boost their tax-deferred retirement savings to $265,000 in 2023

Forget the $22,500 limit, some workers can boost their tax-deferred retirement savings to $265,000 in 2023

If you’re serious about increasing your retirement savings and minimizing income taxes, the best thing to do is get a late-career professional in private practice. As you earn a lot of money and approach retirement age, you have savings options that go well beyond the levels of the typical workplace 401(k) plan. But you can …

Forget the $22,500 limit, some workers can boost their tax-deferred retirement savings to $265,000 in 2023 Read More »