Retirement Planning

Including assets, estimating taxes, and choosing software for retirement planning.

How Do I Estimate The Tax Brackets In Future Years For Retirement Planning

by Lucky Poss | 21 January 2024

To estimate future tax brackets for retirement planning, start with the current IRS bracket thresholds for your filing status, then apply an inflation assumption to each threshold year by year,...

Finance

What Is The Best Retirement Planning Software

by Christalle Kendrick | 21 January 2024

The best retirement planning software for iPhone users is a category of apps that help you calculate savings targets, project retirement income, and track progress toward a secure retirement, all...

Finance

How To Include A House In Retirement Planning

by Ange Burdett | 21 January 2024

To include a house in retirement planning, start with your equity: market value minus mortgage balance equals equity. This calculation frames your home as a financial asset that can be...

Finance

401(k): Pre-Tax Or After-Tax, Which Is Better?

by Benoite Martines | 30 November 2023

Choosing between pre-tax vs after-tax 401k contributions comes down to whether you believe your current tax rate is higher or lower than your tax rate in retirement. Pre-tax contributions reduce...

Finance

How To Calculate Value Of Pension For Net Worth

by Dotti Bolen | 27 November 2023

To calculate the value of a pension for net worth, the primary method is to use the current value or balance shown on your pension provider’s official statement or app....

Finance

How Long Does A Pension Last

by Mellisa Cavanagh | 27 November 2023

How long a pension lasts depends on the payout option and plan rules, as it can last for life, for a fixed period, or until the account balance runs out....

Finance

How Do Interest Rates Affect Pension Payouts?

by Vilma Fouts | 1 November 2023

Interest rates affect pension payouts by moving the numbers in two opposite directions at once: when rates rise, a defined-benefit lump sum falls, but the monthly annuity income that same...

Finance

How To Calculate Roth 401K Contribution On Paycheck

by Amalee Slusser | 18 October 2023

Here’s how to calculate your Roth 401k contribution on a paycheck: multiply your gross pay for that pay period by the contribution percentage you elected in your employer's payroll system....

Finance

What Is A Beneficiary For 401K

by Enrica Oneill | 18 October 2023

A beneficiary for a 401k is the person or entity you legally name to inherit your retirement account when you die. This designation overrides your will and directly controls who...

Finance

What Is The Average 401K Rate Of Return

by Beverlee Linn | 17 October 2023

The average 401k rate of return for retirement planning is most often cited as a realistic long-term assumption of 5% to 8% per year, depending on your asset allocation, market...

Finance

How Much Does Contributing To A 401K Reduce Taxes

by Corliss Ha | 17 October 2023

Many people ask how much does contributing to a 401k reduce taxes, and the answer is that it reduces your current federal taxable income dollar-for-dollar up to the IRS elective...

Finance

How To Build A Book Of Business As A Financial Advisor

by Carmelina Lerch | 10 October 2023

To build a book of business as a financial advisor, you need a practical, step-by-step system for attracting and retaining clients that covers branding, networking, digital tools, and client service....

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