Posts by JL Perkins Wealth Management

May 2017

How Grandparents May Benefit From College Funding With the increase of student loan debt over the past 10 years, more grandparents are taking on the role of college funding. In fact, a Fidelity survey in 2014 found that 72 percent of grandparents feel it’s important to help out in this regard.1 Many retirees walk a…

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March 2017: Tax Strategies & Retirement Income

Tax Strategies for Retirement Portfolios  Tax-deferred financial vehicles are an effective way to accumulate assets while you’re working. However, once retired, individuals should carefully consider how (and when) to position assets to help optimize growth and income while reducing their tax liability. The following are some points to remember about distributions. Taxable Investment Portfolio Short-term…

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February 2017: Roth Conversion & RMD Planning

Money Saving Tips Why Convert a Roth IRA? Investing in a traditional IRA while earning a paycheck is a good way to defer income taxes on the money you contribute. Currently, taxpayers who aren’t covered by a retirement plan at work may deduct the full amount of their annual contributions to a traditional IRA.7 Those…

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December 2016

Retirement Matters  If you’re wondering how much of a Social Security payout you may receive, one number to keep in mind is 35. Your benefit is based on your 35 highest years of earnings. If you work less than 35 years, the calculation uses zero for your annual income in the years you’re short. Here…

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Retiring Takes Effort

Retiring Takes Effort  The first things that come to mind when thinking about retirement may be rest and relaxation, but before you reach that point, you need a financial strategy that can support your post-career plans. A recent study found many current retirees are worried about just making day-to-day expenses:1 The median annual income for…

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Are You Suffering From Financial Stress?

Survey Says … Retirees May Face Challenge A recent survey by HSBC Bank found that 64 percent of people in their 70s still financially support other people, and more than half of retirees are still paying off credit cards or some other form of debt.1 The prospect of ongoing debt during retirement means pre-retirees need…

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September 2016: The Pre-Retirement Bucket List

Too Much Positivity can Equal a Negative  The mind is a powerful tool. It can protect, justify, trick and even make good things happen by its sheer will. A good example is the placebo effect, a biology-based phenomenon with proven positive results.1 But there are limits to what a positive mindset can truly accomplish. For…

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August 2016: What’s Important to Millionaires?

What’s Important to Millionaires? Money may be able to buy good health care, but it can’t guarantee good health. It can accommodate a large family’s desires, but it can’t ensure there won’t be squabbles. It can enable financial security — but that doesn’t mean the wealthiest people make the best financial decisions. It’s for all…

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