If you’ve inherited a 401(k), your options depend on a variety of factors, including but not limited to the plan’s rules, your relationship to the account owner, the age of that owner at the time of their death, and whether they began taking required minimum distributions (which start at age 73). Spouses have more options … Read more
The question “can I retire with 3 million” is becoming increasingly relevant as more Americans contemplate early retirement. With the national average retirement age at 61, many are wondering if they can retire with $3 million dollars. Understanding your financial requirements is crucial, particularly when considering variables like inflation and healthcare expenses that can significantly … Read more
The Truth About Inherited IRA Distribution Rules in 2025 Inheriting an IRA can feel like finding a treasure chest with a complicated lock. You’ve got the money, but accessing it means navigating a maze of tax rules that could cost you big time if you make a wrong turn. I’ve seen too many people hit … Read more
You’re working hard and saving as much money as you can with the goal of enjoying a relaxing, financially secure retirement one day. But it’s not always obvious exactly when this day has arrived. The traditional retirement age in the U.S. is typically considered 65 (67 for younger generations), but many people choose to retire … Read more
Life can be full of curveballs, which can force your long-term financial goals, like retirement savings, to take a backseat. If this sounds like you, youre not alone. In fact, Thrivents Retirement Readiness Survey found that nearly 44% of near-retirees have executed minimal to no retirement planning, leaving their golden years at risk. So, what … Read more
As a strategic partner who helps clients navigate and grow in changing circumstances, Tina is responsible for the direct management of the Citizens Wealth Management financial planning and estate planning team, including a team of CERTIFIED FINANCIAL PLANNERS™, estate and tax planners, and trust officers. Most people look forward to their retirement, dreaming of a … Read more
Dreaming of saying goodbye to the 9-to-5 grind a whole decade and a half before traditional retirement age? You’re not alone! Early retirement at 50 is becoming an increasingly popular goal for many Americans who want to reclaim their time and enjoy life while they’re still young enough to make the most of it But … Read more
A Roth IRA has a unique position in the spectrum of liquid assets. While traditional retirement accounts are generally considered illiquid until retirement age, Roth IRAs offer more flexibility. The answer to whether a Roth IRA is considered liquid isn’t a simple yes or no—it depends on which portion of the account you’re referring to … Read more
Wondering if you can still use that sneaky backdoor to get money into a Roth IRA even when you make too much? Good news – the backdoor is wide open in 2025! Despite years of rumors about its demise, the Backdoor Roth IRA remains a perfectly legal strategy for high-income earners who want tax-free growth … Read more
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