A Worthwhile "Retirement"

SPIVA is one of the most significant research studies the investment world has ever seen. Feel free to view the data here:

And here's a video to illustrate the impact that fees can have on your retirement: https://youtu.be/kRISYHQLn6M

What's going on with Social Security? Isn't it running out of money? And will it still be there for me when I retire?

Link to the Trustees Report:

Health Savings Accounts! What are the tax advantages? What counts as a "qualified medical expense"? And how can an HSA be used as a method of accessing retirement funds before turning 59.5?

If you're thinking of retiring before 59.5, you need to be familiar with what your Roth IRA can do for you -- as well as what it can't!

Here we cover just one of the 5-year rules that deal with your Roth IRA -- the "5-Year Conversion" rule.

Rule 72t describes another method for accessing retirement funds "early".

Here's a sample SEPP calculator:

How can I access retirement funds before I turn 59.5?

One method, the Rule of 55, is a way of accessing your 401k funds if you've left that employer in the year that you're turning 55 or older.

Roth Conversions have the potential to be one of the biggest tax savers over the course of a lifetime. Here's a quick 5-min video as an example:

https://youtu.be/koNln0BnMvU?si=wThPiD4ToUJMOsiq

What if our use of material resources could make the difference of eternal life vs eternal death?

Making money is great.

Knowing what to do with it is better.

When it comes to church contribution, here are 3 problems that QCDs can help solve:

Formula for Social Security taxation: https://www.ssa.gov/benefits/retirement/planner/taxes.html#:~:text=*%20Your%20adjusted%20gross%20income%0A%2B%20Nontaxable%20interest%0A%2B%20%C2%BD%20of%20your%20Social%20Security%20benefits%0A%3D%20Your%20%22combined%20income%22