Retirement Planning for Already Retired Couples: Strategies for Stretching Your

Description: Retirement Planning for Already Retired Couples by James G. Blase Estimated delivery 3-12 business days Format Paperback Condition Brand New Description This is a book about retirement planning for already retired married couples. Are there tax and other strategies that the already retired couple can adopt, today, to position themselves, including the surviving spouse, in the best place possible to maximize and protect the after-tax benefits they receive from their retirement savings, including Social Security, over their lifetimes? One of the most important tax principles to recognize in this analysis is the fact that, except at the 37% tax bracket, each of the current progressive federal income tax brackets is now reached twice as quickly by a single individual than it is by a married couple. Thus, when it comes to retirement planning for already retired couples, there is a definite "single filer penalty" that must be considered in planning for a surviving spouse. If the interests of the couples children are also to be considered, another important tax principle is the fact that, under the SECURE Act passed in late 2019, it is no longer possible to defer IRA and 401k fund balances over the lifetime of the couples children after the couple passes. Instead, the balance in the couples IRAs and 401k plan accounts must be paid out to the children over the 10 years after the couple passes, years in which the children are likely to be in their peak income tax brackets. Based upon the foregoing tax principles and considerations, logic would dictate that already retired married couples consider taking voluntary withdrawals from their IRAs and 401k plan accounts which are earlier and larger than what the law requires. The same logic would also dictate that, if the retired couple also owns significant highly appreciated taxable account assets, it will be worthwhile for them to consider taking steps, while they are married, to reduce potential capital gains taxes to the surviving spouse. Details ISBN-13 9798386469306 Title Retirement Planning for Already Retired Couples Author James G. Blase Format Paperback Year 2023 Pages 34 Publisher Independently Published GE_Item_ID:142169384; About Us Grand Eagle Retail is the ideal place for all your shopping needs! With fast shipping, low prices, friendly service and over 1,000,000 in stock items - you're bound to find what you want, at a price you'll love! Shipping & Delivery Times Shipping is FREE to any address in USA. Please view eBay estimated delivery times at the top of the listing. Deliveries are made by either USPS or Courier. We are unable to deliver faster than stated. International deliveries will take 1-6 weeks. NOTE: We are unable to offer combined shipping for multiple items purchased. This is because our items are shipped from different locations. Returns If you wish to return an item, please consult our Returns Policy as below: Please contact Customer Services and request "Return Authorisation" before you send your item back to us. Unauthorised returns will not be accepted. Returns must be postmarked within 4 business days of authorisation and must be in resellable condition. Returns are shipped at the customer's risk. We cannot take responsibility for items which are lost or damaged in transit. For purchases where a shipping charge was paid, there will be no refund of the original shipping charge. Additional Questions If you have any questions please feel free to Contact Us. Categories Baby Books Electronics Fashion Games Health & Beauty Home, Garden & Pets Movies Music Sports & Outdoors Toys

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