Retirement Income Center

Bob Klein's article, Finance Long-Term Care for 10 Years was published in The Street's Retirement Daily. Discover the benefits of a limited-pay long-term care plan.   The post Bob Klein's “Finance Long-Term Care for 10 Years” Published in Retirement Daily appeared first on Retirement Income Center.

Bob Klein's article, Stock Market Window of Opportunity was published in The Street's Retirement Daily. How do staged Roth IRA conversion plans help you benefit from a stock market decline?.   The post Bob Klein's “Stock Market Window of Opportunity” Published in Retirement Daily appeared first on Retirement Income Center.

Bob Klein's article, Doubling the Residential Exclusion is a Win-Win was published in The Street's Retirement Daily. Since 1998, you can sell your home and exclude gain from your income of up to $250,000 (single filing) and up to $500,000 (married filing joint). But with inflation, shouldn't that excludable amount be increased? Here's an idea […] The post Bob Klein's “Doubling the Residential Exclusion Amount is a Win-Win” Published in Retirement Daily appeared first on Retirement Income Center.

Bob Klein explains how a fixed index annuity works and how it can help you manage downside risk. The post Indexing Strategies to Eliminate Stock Market Risk appeared first on Retirement Income Center.

Bob Klein's article, Don't Assume Your Financial Adviser Does Tax Planning was published in The Street's Retirement Daily. Work with an adviser who, in addition to your investments, will help you with Social Security, Medicare, estate planning, insurance, and long-term care…and tax planning!   The post Bob Klein's “Don't Assume Your Financial Advisor Does Tax Planning” Published in Retirement Daily appeared first on Retirement Income Center.

A home equity conversion mortgage, or HECM reverse mortgage, can be used to manage and mitigate the sequence of returns risk. The post Insure Sequence of Returns Risk with a HECM Mortgage appeared first on Retirement Income Center.

Bob Klein's article, Three Ways to Minimize Required Minimum Distributions, was published in The Street's Retirement Daily. Short of not making contributions to a qualified retirement plan, there are three ways to minimize required minimum distributions.   The post Bob Klein's “Three Ways to Minimize Required Minimum Distributions” Published in Retirement Daily appeared first on Retirement Income Center.

There are six proven strategies for optimizing after-tax retirement income that can increase the longevity of one's assets in retirement. The post 6 Proven Retirement Income Planning Strategies Beginning at Age 62 appeared first on Retirement Income Center.

Five financial metrics can be used to analyze the pros and cons of unlocking home equity as part of a retirement income plan. The post 5 Key Financial Metrics When Evaluating a HECM Reverse Mortgage appeared first on Retirement Income Center.

Bob Klein's article, Indexing Strategies to Eliminate Stock Market Risk, was published in The Street's Retirement Daily. Bob Klein explains how a fixed index annuity works and how it can help you manage downside risk.   The post Bob Klein's “Indexing Strategies to Eliminate Stock Market Risk” Published in Retirement Daily appeared first on Retirement Income Center.

Shain Urwin, retirement mortgage specialist with Fairway Independent Mortgage, joins Bob Klein to discuss the new HECM lending limit and other timely planning issues and strategies related to HECM mortgages in FINANCIALLY InKLEIN'd™‘s new video, Exploring the NEW HECM Lending Limit with Shain Urwin!   The post “Exploring the NEW HECM Lending Limit with Shain Urwin!” Published on YouTube appeared first on Retirement Income Center.

Bob Klein's article, Insure Sequence of Returns Risk with a HECM Mortgage was published in The Street's Retirement Daily. A home equity conversion mortgage (HECM), better known as a reverse mortgage, can be used to manage and mitigate sequence of returns risk.   The post Bob Klein's “Insure Sequence of Returns Risk with a HECM Mortgage” Published in Retirement Daily appeared first on Retirement Income Center.

David Blanchett and Michael Finke's research found that annuities may give retirees a psychological “license to spend” their savings in retirement. The post How to Enjoy a Guilt-Free Retirement appeared first on Retirement Income Center.

FINANCIALLY InKLEIN'd™‘s first video, Welcome to FINANCIALLY InKLEIN'd™!, has been published. Welcome to FINANCIALLY InKLEIN'd™! introduces FINANCIALLY InKLEIN'd™ and Bob Klein, the channel's creator. The video encourages pre-retirees and retirees who want to learn how to plan for the decumulation stage of retirement and increase the longevity of their assets to subscribe to FINANCIALLY InKLEIN'd™. The post Welcome to FINANCIALLY InKLEIN'd™! Published appeared first on Retirement Income Center.

Retirement Income Center's YouTube channel has been rebranded to FiNANCIALLY InKLEIN'd™. FINANCIALLY InKLEIN'd™‘s motto is “Optimizing Your Retirement Income.” Bob Klein created FINANCIALLY InKLEIN'd™ to help pre-retirees and retirees, alike, plan for and experience a less stressful and more financially rewarding retirement. The purpose of FINANCIALLY InKLEIN'd is to educate its audience about innovative strategies […] The post YouTube Channel Rebranded to FINANCIALLY InKLEIN'd™ appeared first on Retirement Income Center.

Bob Klein's article, 6 Proven Retirement Income Planning Strategies Beginning at Age 62 was published in The Street's Retirement Daily. Beginning at age 62, it's important to develop strategies for creating after-tax retirement income to optimize the longevity of your assets for the rest of your life.   The post Bob Klein's “6 Proven Retirement Income Planning Strategies Beginning at Age 62” Published in Retirement Daily appeared first on Retirement Income Center.

Bob Klein was interviewed by Reverse Mortgage Daily to discuss how reverse mortgage professionals can partner and network with financial advisors in a recent article, Financial Planner Shares Advice to Reverse Mortgage Pros on Gaining Referrals. The post Reverse Mortgage Daily Interviews Bob Klein to Help Reverse Mortgage Professionals Network with Financial Advisors appeared first on Retirement Income Center.

Reverse Mortgage Daily featured a conversation between RMD editor Chris Clow and Bob Klein in its most recent edition of The RMD Podcast. In the conversation, Clow and Klein discuss the state of reverse mortgage product education to borrowers and professionals, the reticence many financial planners have about discussing reverse mortgages with clients, and advice to […] The post Reverse Mortgage Daily Features Bob Klein in Podcast appeared first on Retirement Income Center.

Bob Klein's article, 5 Key Financial Metrics When Evaluating a HECM Reverse Mortgage, was published in The Street's Retirement Daily. There are five key financial metrics that should be analyzed individually and collectively when considering a HECM. The post Bob Klein's “5 Key Financial Metrics When Evaluating a HECM Reverse Mortgage” Published in Retirement Daily appeared first on Retirement Income Center.

One retirement income strategy that will be virtually unscathed by President Biden's proposed tax increase is longevity insurance, more commonly known as fixed-income annuities. The post Nonqualified Fixed Income Annuities: A Timeless Tax and Retirement Income Planning Opportunity appeared first on Retirement Income Center.

Bob Klein's article, How to Enjoy a Guilt-Free Retirement, was published in The Street's Retirement Daily. Fixed income annuities could be the key to limiting your financial guilt in retirement. The post Bob Klein's “How to Enjoy a Guilt-Free Retirement” Published in Retirement Daily appeared first on Retirement Income Center.

Savvy business owners planning to sell their business can reduce or eliminate income tax liability from capital gains by using a long-standing IRS-blessed strategy called a charitable remainder trust, or CRT. The post Reduce Capital Gains Tax on the Sale of Your Business appeared first on Retirement Income Center.

It's a great time to purchase or add funds to fixed income annuities as part of an overall retirement income plan given the continued escalating stock market highs. The post Take Some Chips Off the Table and Add Them to Older Income FIAs appeared first on Retirement Income Center.

If you didn't take distributions from your retirement plan and IRA accounts in 2020, you may be surprised by your 2021 RMD. Adviser Robert Klein explains how changes to the rules in 2020 will impact you in 2021 and beyond. The post RMDs Required Again in 2021 appeared first on Retirement Income Center.

Six stealth taxes can increase your income tax liability and reduce your lifetime after-tax retirement income. Planning for each of them should begin long before and continue throughout retirement. The post Six Stealth Taxes That Can Derail Your Retirement appeared first on Retirement Income Center.

This article was originally published in, and has been reprinted with permission from, Retirement Daily. Distributions from a traditional 401(k) plan are generally taxable as ordinary income at your regular income tax rates. This includes pre-tax contributions plus earnings. If your traditional 401(k) plan is rolled over to a traditional IRA, the same rule applies […] The post Carve Out Your 401(k) Company Stock for Favorable NUA Tax Treatment appeared first on Retirement Income Center.

Bob Klein's article, Keep Your Eye on QBI Before You Rothify, was published in The Street's Retirement Daily. A Roth conversion often makes sense but there are times when reduced income tax savings can offset the potential long-term benefits of large conversion amounts.. The post Bob Klein’s “Carve Out Your 401(k) Company Stock for Favorable NUA Tax Treatment” Published in Retirement Daily appeared first on Retirement Income Center.

A Roth conversion often makes sense but there are times when reduced income tax savings can offset the potential long-term benefits of large conversion amounts.. The post Keep Your Eye on QBI Before You Rothify appeared first on Retirement Income Center.

Planning the timing of your Roth IRA conversion carefully cannot only reduce taxable inome but manage Mediare premiums. The post Should You Do a Roth IRA Conversion After Age 62? appeared first on Retirement Income Center.

Bob Klein's article, Keep Your Eye on QBI Before You Rothify, was published in The Street's Retirement Daily. A Roth conversion often makes sense but there are times when reduced income tax savings can offset the potential long-term benefits of large conversion amounts.. The post Bob Klein’s “Keep Your Eye on QBI Before You Rothify” Published in Retirement Daily appeared first on Retirement Income Center.

Bob Klein completed his semiannual training with America’s IRA Experts at Ed Slott and Company, LLC by participating in a virtual workshop November 5th to November 6th. The online workshop, which was attended by members of Ed Slott’s Elite IRA Advisor Group, provided in-depth technical training on advanced retirement account planning strategies, estate planning techniques […] The post Bob Klein Completes Ed Slott and Company, LLC Advanced Virtual Training appeared first on Retirement Income Center.

There are two strategies you can use to avoid the 10% premature distribution penalty: Coronavirus-Related Distributions and 72(t). The post Don’t Qualify for Cornavirus-Related Distributions? There’s Always 72(t) appeared first on Retirement Income Center.

When you die, you want to make sure that your assets are distributed to your intended beneficiaries. The transfer of retirement plans at death is controlled by beneficiary forms associated with individual plans. Beneficiary forms supersede all other estate planning documents. Directly named, or designated, beneficiaries will be the ones who receive the funds. Beneficiary mistakes can […] The post 5 Retirement Plan Beneficiary Mistakes to Avoid appeared first on Retirement Income Center.

Winning at the 401(k) game requires strategic play focused on the objective of maximizing lifetime after-tax distributions. The post Winning at the 401(k) Game appeared first on Retirement Income Center.

Bob Klein’s article, How to Maximize Your Lifetime After-Tax Income With Your 401(k), was published in The Street’s Retirement Daily. Winning at the 401(k) game requires strategic play focused on the objective of maximizing lifetime after-tax distributions. The post Bob Klein’s “How to Maximize Your Lifetime After-Tax Income With Your 401(k)” Published in Retirement Daily appeared first on Retirement Income Center.

While they aren't for everybody, reverse mortgages are no longer a program of last resort. A Home Equity Conversion Mortgage, or HECM, can increase retirement spending and provide for a larger legacy when used strategically throughout retirement. The post Not Your Father’s Reverse Mortgage appeared first on Retirement Income Center.

While they aren't for everybody, reverse mortgages are no longer a program of last resort. A Home Equity Conversion Mortgage, or HECM, can increase retirement spending and provide for a larger legacy when used strategically throughout retirement. The post Not Your Father’s Reverse Mortgage appeared first on Retirement Income Center.

Bob Klein will write articles for The Street’s Retirement Daily. Bob’s articles will appear in the “Planning for & Living in Retirement” section. Retirement Daily is edited by Robert Powell, CFP®. It is a daily newsletter about all things retirement. The post Bob Klein to Write for The Street’s Retirement Daily appeared first on Retirement Income Center.

Bob Klein will write articles for The Street’s Retirement Daily. Bob’s articles will appear in the “Planning for & Living in Retirement” section. Retirement Daily is edited by Robert Powell, CFP®. It is a daily newsletter about all things retirement. The post Bob Klein to Write for The Street’s Retirement Daily appeared first on Retirement Income Center.

If you are the beneficiary of a retirement or IRA account that you inherited after 2019, you need to familiarize yourself with the new SECURE Act rules to determine the applicable time frame for taking distributions in order to avoid potential sizable penalties. The post You Have 10 Years to Empty Your Beneficiary IRAs If You Aren’t an EDB appeared first on Retirement Income Center.

If you are the beneficiary of a retirement or IRA account that you inherited after 2019, you need to familiarize yourself with the new SECURE Act rules to determine the applicable time frame for taking distributions in order to avoid potential sizable penalties. The post You Have 10 Years to Empty Your Beneficiary IRAs If You Aren’t an EDB appeared first on Retirement Income Center.

Annuity.org has been providing visitors with carefully researched, timely information about annuities and structured settlements for nearly a decade. This free, comprehensive web resource offers professional insight from experienced financial experts on a variety of financial topics to help you make smart decisions about your money. The post Annuity.org appeared first on Retirement Income Center.

Annuity.org has been providing visitors with carefully researched, timely information about annuities and structured settlements for nearly a decade. This free, comprehensive web resource offers professional insight from experienced financial experts on a variety of financial topics to help you make smart decisions about your money. The post Annuity.org appeared first on Retirement Income Center.

Bob Klein and Harris Scher, Vice President of Strategic Partnerships with Everplans, presented a webinar to Retirement Income Center’s retirement planning clients to introduce them to Everplans. Everplans is a simple, secure digital tool that guides you step-by-step through the creation of a complete end-of-life plan that can be shared with loved ones. Retirement Income […] The post Retirement Income Center Introduces Everplans to Retirement Planning Clients appeared first on Retirement Income Center.

Bob Klein and Harris Scher, Vice President of Strategic Partnerships with Everplans, presented a webinar to Retirement Income Center’s retirement planning clients to introduce them to Everplans. Everplans is a simple, secure digital tool that guides you step-by-step through the creation of a complete end-of-life plan that can be shared with loved ones. Retirement Income […]

Many individuals are unaware of one of the most overlooked Social Security strategies to enhance their lifetime benefits. The post Don’t Leave 50% of Your Spouse or Ex-Spouse’s Social Security Benefits on the Table appeared first on Retirement Income Center.

Many individuals are unaware of one of the most overlooked Social Security strategies to enhance their lifetime benefits.

Nothing is immune from the far-reaching tentacles of the coronavirus pandemic. One of the problems that can occur when a loved one passes has been exacerbated. The good news is that it can be avoided with proper planning. The post Coronavirus Provides New Impetus for Probate Avoidance Planning appeared first on Retirement Income Center.

Nothing is immune from the far-reaching tentacles of the coronavirus pandemic. One of the problems that can occur when a loved one passes has been exacerbated. The good news is that it can be avoided with proper planning.

Although you can rollover, or return, your 2020 IRA and other retirement plan February 1st to May 15th distributions as a result of the 2020 waiver of RMDs, there's another strategy that you can use to reduce future years' income tax liability and optimize lifetime after-tax distributions for you and your heirs. The post Contribute Your 2020 RMD to a Roth IRA appeared first on Retirement Income Center.

Although you can rollover, or return, your 2020 IRA and other retirement plan February 1st to May 15th distributions as a result of the 2020 waiver of RMDs, there's another strategy that you can use to reduce future years' income tax liability and optimize lifetime after-tax distributions for you and your heirs.