Retiring Early to Take Care of My Parents; Good Idea?

When evaluating this question from a financial planning perspective, it can be tricky to answer, as you will end up with a significant decrease in available funds when approaching retirement age within your Social Security and possibly within your general savings; due to spending more than you save. Your Social Security benefits are calculated based on the indexed average of your highest earning years. Many Americans earn the most in their last 15-20 years of working. With your situation, all of those zeros calculated within the indexed average will significantly reduce your Social Security benefits. Due to you no longer

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"I'm Nearing Retirement, What Should I Do with My Income?"

A direct answer would be this: your conversion of your IRA from brokerage to Roth IRA will be taxed just the same as your standard income. This will be determined by the marginal tax bracket you fall under. When you're continuing to work and have income you've earned from said work, it will be a sound choice to postpone your conversion of your IRA until you retire (having less taxable income at that time). However, if your tax advisor proposes that you may be able to convert a portion of your IRA for this year at low, marginal tax rate

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Can I contribute $6,500 to my Traditional IRA and another $6,500 to my Roth IRA in same year?

Unfortunately, no. You are able to contribute a total amount of $6,500 between both your Roth IRA and your traditional IRA within the same tax year as long as the participating party, you, are 50 years of age or older ($5,500 for individuals below 50 years of age). With that being said, there are ways around this stipulation and contribute to both IRAs in the same calendar year. If you choose to contribute to one or the other before the April filing deadline, it can be recognized for the previous year, yet the other contribution that was made

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Should we contribute more to our 401k? Is a back door IRA right for us? These questions, answered...

This a great question that is commonly asked amongst the finance, investment, and retirement community. Back-Door Roth IRA can be a great way to work around the limitations imposed on the Roth IRA contributions in various situations. However, there are some facets that should be mentioned and those are that there are certain tax implications for individuals with existing IRAs. Another aspect to consider is that proper procedures should be implemented to document the initial non-deductible IRA contribution and the subsequent conversion. The only “catch” is this: if you end up converting a your non-deductible, Traditional IRA contribution to a

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Nest Egg Guru Promotional Campaign

Nest Egg Guru wants to thank our friends at XY Planning Network for their amazing hospitality at the XYPN16 Conference in San Diego last month. The energy and enthusiasm of XYPN’s membership base is palpable. We were completely impressed! For the throngs of XYPN members who stopped by the Nest Egg Guru exhibitor’s booth, don’t forget to use the promo code “XYPN” to save $100 off the first year subscription price. With this code you will have unlimited use of your white label subscription to Nest Egg Gugu’s retirement savings and spending calculators for just $200.

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Are you tired of your overpriced financial planning software?

If so, view the video below: Nest Egg Guru has the power and functionality unlike any other financial planning application. It's retirement stress-testing capabilities are by far the most advanced out there. See for yourself by signing up for a free 14-day trip here!

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Is your current retirement app living up to your expectations?

If so, don't read the rest of this article. If not, continue reading and watch the video below: With Nest Egg Guru, you'll see how our intuitive, functional, and intelligent design allow us to differentiate ourselves from the competition and provide CFPs with exactly what they need! Try Nest Egg Guru today and see the difference!

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With Nest Egg Guru, you don't have to fear "Feature Creep"!

Choosing Nest Egg Guru is the right choice as our app provides CFPs with just the right amount of features that are intuitive and easy to use. Try Nest Egg Guru today!

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Do you want to be proactive or reactive with your retirement?

Take the right step and choose Nest Egg Guru when it comes to planning your retirement. Sign up today for your free trial and see the difference today!

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Even more of a reason to use Nest Egg Guru!

Nest Egg Guru demonstrates how we differ from the competition below: Sign up today for your free trial and see the difference!

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