Tithing in retirement can be complicated due to varying income sources, but having a plan can give you confidence in your financial decisions. A certified financial planner shares expert advice on how to approach tithing in retirement, including considering the first fruits principle and applying a percentage to earnings, not just principal. He also discusses tax-efficient ways to give, such as using appreciated stock or donor advised funds. [... more]

A couple in their 60s is facing uncertainty in their retirement, with a significant loss in their 401k and concerns about managing their social security benefits. Certified financial planner Hans Scheil helps them create a plan to delay social security, invest in annuities, and implement Roth conversions to achieve tax-free income for life. [... more]

Understanding the difference between IRA contributions and Roth conversions can help individuals optimize their retirement savings and minimize taxes. Contributions involve putting pre-tax money into an IRA or 401k, while conversions involve turning pre-tax money into tax-free money. By exploring options such as Roth IRAs and 401k plans, individuals can create a tax-free income stream in retirement and avoid the burden of taxes on withdrawals. [... more]