How to Achieve Your Retirement Goals Planning for retirement can seem daunting, but with the right budgeting strategy, you can ensure a comfortable and financially secure future. One effective method to consider is the 70-10-10-10 rule, popularized by personal development legend Jim Rohn. This rule offers a simple yet powerful framework to manage your finances, allowing you to save and … Read More
Dallas Tax Strategy: Prepare For Retirement in 2021
If you want to save more money in this year, you’re definitely not alone. A Fidelity Investments study found that 44% of Americans want to boost their savings. (Dallas Tax Strategy: Prepare For Retirement in 2021) Increasing your retirement savings could be your ultimate money goal this year, as one survey found that 27% of respondents stopped saving for retirement last year in 2020. … Read More
Dallas Tax Savings: Best States For Retiring
Even in retirement you’ll likely owe your fair share of taxes. If your retirement savings are kept in a 401(k) or traditional IRA, you’ll generally have to pay income taxes on your withdrawals each year. You’ll also typically be responsible for federal taxes on your Social Security benefits. Depending on what state you live in, you could pay state taxes on … Read More
Dallas Texas CPAs: Make Your Money Last In Retirement, Part 2
Things will get more expensive as you age. Inflation will erode your buying power, putting pressure on your spending. Having a plan for inflation will help you not run out of money in retirement. (Dallas Texas CPAs: Make Your Money Last In Retirement, Part 2) 1. Make Healthier Choices Being sick is miserable and expensive. Many chronic health conditions are … Read More
Dallas Texas CPAs: Make Your Money Last In Retirement, Part I
Many of us worry about running out of money in retirement. That make sense since we don’t know how long we’ll live, what our future costs might be, and what kind of returns we can expect on our savings. (Dallas Texas CPAs: Make Your Money Last In Retirement, Part I) But there are ways to boost the odds that your … Read More