Michigan Retiree: Get a Bigger Tax Refund

Anyone who does their own taxes has been there before.  The moment you input all of your taxes, hit the submit button, and close your eyes and hope that you don’t owe money.  Taxes are pretty simple. Have enough withheld throughout the year and you won’t owe any during tax time, and may even get a refund. Don’t have enough taxes withheld, and you may … Continue reading Michigan Retiree: Get a Bigger Tax Refund

7 Things You Must do in Michigan When You Retire

If you’re like many of us, we forget just all Michigan has to offer while we are working. On our rare vacations we fly somewhere warm in the winter. Our summer trips are driving up-north, but many times that doesn’t bring us much further than Traverse City. Now that you are retired you have more time to explore all Michigan has to offer. This is … Continue reading 7 Things You Must do in Michigan When You Retire

Retirement Withdrawal Strategy:  Which Accounts First?  

Your withdrawal strategy in retirement shouldn’t just focus on maximizing your income. It should maximize the amount of income that ends up in your pocket. This can be tricky when considering many people have a combination of pre-tax, Roth, and after-tax accounts.  Do you withdraw everything from the Roth accounts first, and have no taxable income? Or, does it make sense to withdraw money from … Continue reading Retirement Withdrawal Strategy:  Which Accounts First?  

Michigan Snowbird: Should You Make Florida Your Primary Residence?

I’m writing this is the midst of another “polar vortex”. The car read negative twelve as I made my way through the icy wonder that is Michigan in February. The conversation with my parents at their Florida home didn’t help much either. I’m sorry that you can’t use the pool for a few days because it has been getting a little chilly at night. It … Continue reading Michigan Snowbird: Should You Make Florida Your Primary Residence?