by MasterPlan Your Retirement | Aug 15, 2020 | Retirement Income
Social Security is a critical piece of the income puzzle for most retirees. In fact, half of married retirees and nearly 70% of unmarried retirees rely on Social Security for more than 50% of their retirement income.1 Your Social Security benefit amount is based on a...
by MasterPlan Your Retirement | Aug 5, 2020 | Retirement Income
What are the biggest expenses you’ll face in retirement? Healthcare? Housing? Travel? All of those costs could be significant, but one of the biggest could be taxes. That’s right. Just because you’re done working, doesn’t mean you’re done paying taxes. Many sources of...
by MasterPlan Your Retirement | May 26, 2020 | Financial Planning
It seems like the entire world has revolved around the coronavirus for the past two months. It has changed our way of life, the way we work, and even the way we interact with friends and family. Believe it or not, there have been other new developments in 2020 besides...
by MasterPlan Your Retirement | May 20, 2020 | Financial Planning
Are you one of the more than 58 million Americans who use a 401(k) plan to save for retirement? As of the end of 2019, 401(k) plans held more than $6.2 trillion, which accounts for nearly 20% of all retirement assets in the United States.1 A 401(k) can be an...
by MasterPlan Your Retirement | May 14, 2020 | Financial Planning
The stock market crash of 1987. The tech bubble in the early-2000s. The financial crisis of 2008. And now, the coronavirus pandemic. What do all of these things have in common? They all involve sharp market downturns that end a bull market and trigger a bear...
by MasterPlan Your Retirement | Apr 13, 2020 | Newsletter
Welcome to the April 2020 Newsletter for MasterPlan Retirement Consultants! Mark’s Missive The Latest Change to the Tax Shell Game The government giveth and the government taketh away; blessed be the government! By now, many of you have heard of the new The...
by MasterPlan Your Retirement | Mar 26, 2020 | Financial Planning, Retirement Income
Do you use a 401(k) or IRA to save for retirement? You’re not alone. These types of accounts are popular for many reasons, but one of the biggest is their tax treatment. As you may know, these accounts are tax-deferred. That means you don’t pay taxes on growth as long...
by MasterPlan Your Retirement | Mar 13, 2020 | Financial Planning, Health Care Costs
The coronavirus is here. It’s impacted every corner of American life and is likely to continue to do so. Colleges have closed. States are closing schools and banning large gatherings. Businesses are closing or cutting hours. Consider some of the stunning developments...
by MasterPlan Your Retirement | Mar 11, 2020 | Financial Planning, Retirement Income
The 2020 election cycle is in full swing. It’s primary season, which means the general election is right around the corner. Before you know it, the two major parties will have their conventions and we’ll be heading to the ballot box. Of course, you may already...
by MasterPlan Your Retirement | Feb 26, 2020 | Financial Planning, Retirement Income
There’s a growing trend among new retirees. With increasing frequency, Americans are choosing to leave their retirement savings. According to data from Fidelity, 55% of workers leave their retirement savings in their former employer’s 401(k) plan for a full year after...
