Discover a little-known strategy to quickly build a large Roth IRA by maximizing after-tax contributions to your 401(k) plan, enabling a mega Roth conversion upon retirement for tax-free growth and withdrawals.
Little-Known Way to Quickly Build a Large Roth IRA Read More »
With our current laws, if you’re approaching ages 73 or 75, you’ll likely be facing required minimum distributions (RMDs) soon. If you have any money in an IRA or 401(k), you have to take RMDs from these accounts when you reach those ages. This means you’ll have to pay taxes on those RMDs. If you’ve saved successfully for retirement, you may not want to take the RMDs since they can create additional taxes, increase your Medicare payments, and more.
4 Strategies for Optimizing RMDs from IRAs Read More »
When you’re saving for retirement, it is obvious that how much you’re saving makes an enormous impact. However, many times people overlook the importance of choosing where you’re saving strategically. In truth, where you’re saving your money is just as important as how much money you’re saving. Keep reading to learn where the most savvy investors save their money to minimize taxes and maximize their wealth in retirement!
Asset Location Drives After Tax Investment Returns Read More »
Join Chris, CEO of Reap Financial, as he uncovers the critical importance of maintaining accurate paperwork for your IRAs and 401(k)s. In this eye-opening episode, Chris shares two compelling case studies highlighting the significant pitfalls that can arise from neglected retirement account paperwork.
Why Your Retirement Account Paperwork Needs to Be Done Right Read More »
When you think about your retirement account and how much you’re putting into it, keep in mind that it doesn’t happen by accident! It happens with purpose and proactive planning.
Opportunities When it Comes to Your Retirement Plan Changes in 2024 Read More »
At REAP Financial, we see many clients with questions like this: can I retire successfully with a certain amount saved? There is a lot of confusion about which numbers indicate that you can retire successfully. From the total amount saved, the withdrawal rate, inflation rate, and more, there are lots of factors to consider. However, the real driver of whether you can retire successfully is none of these things! It’s one you likely don’t even suspect.
Your Early Retirement Dream – How to Retire Early and Make Your Savings Last Read More »