WealthTrace Financial Planning & Retirement Planning Blog


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  • When It Makes Sense To Withdraw From Retirement Accounts Before It's Required

    by Doug Carey | Jul 10, 2019
    A general rule of thumb when it comes to taking money out of qualified tax-deferred retirement accounts, such as regular IRAs and 401(k) plans, is this: Postpone withdrawing from them as long as you can. In other words, if you have other sources of retirement income or investment principal you can use, you should almost always use that first.
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  • Do Annuities Have A Place In Your Retirement Plan?

    by Doug Carey | Jun 24, 2019
    There's legislation wending its way through congress that could have a big effect on savers and retirees. One of the changes proposed is to make it easier for annuities to be part of an employer's retirement plan options (its 401(k) plan, usually).
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  • When To Take More Risk In Your Retirement Portfolio

    by Doug Carey | Jun 05, 2019
    If you don’t take enough risk when you’re young, you might not be able to retire when you want.. If you take too much risk when you’re older, you can be hurt badly by a serious market downturn. Diversification still works and is most important when you’re older.
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  • How Health Care Costs Can Impact Retirement

    by Doug Carey | May 16, 2019
    The pace of increase in health care expenses is slowing for now, which is good news. But the trend is definitely still upward, and the uncertainty surrounding the topic isn't going away.
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  • A Look At The Last Two Recessions Using A Retirement Plan

    by Doug Carey | May 08, 2019
    Most of us have read about the benefits of diversifying our investments. The key benefit, in theory, is that when some assets decline, others will go up at least partially reducing the pain of a serious market downturn.
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