The IRS recently announced that we'll be able to sock away a lot more money for retirement starting in These increases are in line with an increased cost of living In this video Peter with Richon Planning and Erin Kennedy break down those changes and Peter explains how to prioritize your retirement savings If you'd like to talk through how to prioritize saving for your retirement or if you'd like to find out if you're properly tax-diversified please feel free to reach out to Peter by calling - or by visiting www RichonPlanning com Retirement k TaxStrategies TaxFree TaxDeferred [... more]

We talk a lot about the benefits of Roth accounts A Roth IRA allows you to save for retirement with after-tax dollars That means you pay taxes on your contributions now but your withdrawals are tax free in retirement There are also several benefits to inheriting a Roth IRA as Peter with Richon Planning explains to Erin Kennedy the distributions are tax-free and they won't affect your taxable income However with a few exceptions you'll still have to drain the inherited account within years If you are inheriting a Roth IRA here's a quick action plan Understand your beneficiary type [... more]

America's IRA expert Ed Slott recently told other industry experts that an IRA is just an IOU to the IRS Slott says he doesn't see any benefit to using a traditional IRA right now because tax rates are so low However Peter with Richon Planning does not agree with Slott and explains why to Erin Kennedy There are many reasons investors should still consider investing in tax-deferred accounts even though we are living in a historically low tax rate There is no cookie cutter answer No blanket statement can apply to every person there are too many variables to consider [... more]

Having a tax-efficient withdrawal strategy in retirement can save you thousands of dollars A good strategy will minimize the total taxes paid over the course of your retirement which will increase your wealth and the longevity of your portfolio In this video Peter Richon with Richon Planning and Erin Kennedy break down two very different strategies traditional and proportional The traditional approach has you spend your retirement money in this order taxable tax deferred tax exempt On the other hand the proportional withdrawal method would have you take a proportional amount from all of your accounts While certain headlines will [... more]

When I moved to England the American holiday of Thanksgiving became just another Thursday in November Although I created a feast the weekend after I longed to be with family and friends on the day Yet I understood that my longings weren rsquo t unique to me We all yearn to be with people dear to us on special occasions and holidays And even when we rsquo re celebrating we may miss someone who rsquo s not with us or we may pray for our fractured family to be at peace During these times praying and pondering the wisdom of [... more]

Real estate not only can give you an income stream it almost always appreciates in value So is there an easy way to invest in it without becoming a landlord On today's MoneyWise Live Rob West will talk about a hands free way to invest in real estate Then he'll answer your calls and financial questions See omnystudio com listener for privacy information [... more]

Hans and Robby discuss tax-free retirement savings and the three different tax characterizations or situations your money might be in including a taxable account a tax deferred account or a tax-free account Don't forget to get your copy of The Complete Cardinal Guide to Planning for and Living in Retirement on Amazon or on CardinalGuide com for free You can contact Hans and Cardinal by emailing hans cardinalguide com or calling - - Learn more at CardinalGuide com Find us on YouTube Cardinal Advisors [... more]

Dr Alan Benson continues a series entitled Divine Design with a message titled The Usefulness of Singleness pt from Ephesians - The post The Usefulness of Singleness pt appeared first on THE DAILY PLATFORM [... more]

Dr Alan Benson continues Divine Design a series about Biblical Manhood and Biblical Womanhood The post The Usefulness of Singleness Part appeared first on THE DAILY PLATFORM [... more]

Everyone's IRA is different but yet they are still taking advice and facts from their friends and family Hans and Robby address this issue as well as all the options you have for making the most of your IRA by lowering your taxable income not receiving penalties and handling required minimum distributions First up is penalties for required minimum distributions Some people have this idea that they never want to pay taxes so they are not going to touch their IRA This is a mistake as not taking out distributions after is going to land you with a huge penalty [... more]

In the Sermon on the Mount Jesus said Blessed are the poor in spirit for theirs is the kingdom of heaven Robby points out that we should recognize that we are poor in spirit when deciding when to take our Social Security and ask for help Bloomberg recently published an article titled American's lose trillions claiming Social Security at the wrong time Hans agrees that generally people start their Social Security too soon usually because they did not ask for help People who delay Social Security can live off their IRAs or take another job if they don't want to [... more]

In Mathew Jesus confronted the Pharisees and Sadducees when they tried to test Him saying that they knew how to interpret a red sky but couldn't interpret the signs of the times This week Hans and Robby talk about the fear and confusion of retirement taxes People tend to worry when their tax return is smaller than expected while in reality this is no cause for fear because the tax rates holistically have gone down It's important to know the difference between retirement policy and politics so you can plan financially and live well Hans recently participated in a webinar [... more]

Proverbs says Hope deferred makes the heart sick but a longing fulfilled is a tree of life With IRA's or individual retirement accounts hope or money deferred allows your longings to be fulfilled when you retire These hopes include a comfortable retirement with travel and fun and providing for your family Robby talks about how his dad wanted to go to Hawaii with his wife but after she passed he instead got to go with his children This was his hope deferred One thing most people where not hoping for is paying taxes on the money in their IRA but [... more]

To support this ministry financially visit https www oneplace com donate [... more]