4 Options for Taking your Required Minimum Distributions

Well you knew the government was going to get their fair share eventually. For pre-tax retirement assets, it just so happens that time is when you turn 70 ½. By the way, I have no idea why the IRS decided that you can take penalty free withdrawals at age 59 ½ and Required Minimum Distributions …

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Taxes on Social Security in Michigan

If you earned $50,000 per year in a 35 year career, you would have paid around $110,000 in social security taxes. Also, let’s not forget that your employer would have paid the same amount of taxes on your behalf, which means that there would have been nearly $220,000 paid in social security taxes throughout your …

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4 Steps for Creating a Pre-Retirement Investment Strategy

So, you want an investment strategy with almost unlimited upside but limited downside risk? Let me tell you about the LowVol Retirement Income Maximization Investment Strategy. It is a covered call option strategy in which we use the income from selling the call to buy a put. Selling the call allows us to realize almost …

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How Long Does a $1 Million Retirement Savings Last in Michigan?

I grew up in Michigan and absolutely love it here.  I’ve lived in Michigan essentially my whole life outside of an eight year ski trip that I took to Colorado.  I was lucky enough to meet my wife in Colorado and after getting married, we had some decisions to make.  We knew we wanted children …

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