WealthTrace Financial Planning & Retirement Planning Blog

  • Can I Retire At 55?

    by Doug Carey | Mar 14, 2016
    You normally have a variety of levers you can pull when looking at retirement. If you target a certain age for retirement, you eliminate how far you can pull one of those levers, which is time--you are taking away the option of delaying retirement beyond a certain date. That's OK; it's just something to be aware of.
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  • Is $2 Million Enough To Retire?

    by Doug Carey | Mar 11, 2016
    If you have the good fortune to have $2 million or more saved for retirement, perhaps you're asking the question: Is this enough money for me to retire with? Can one live a stress-free retirement with this much money?
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  • RMD Calculator: How To Accurately Calculate Your Required Minimum Distributions

    by Doug Carey | Mar 10, 2016
    Many people are surprised by how large their Required Minimum Distributions (RMDs) are in retirement. You should prepare for the tax hit that comes with these withdrawals by using a good RMD calculator to project your RMDs.
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  • Max Out Your 401(k) To Secure Your Retirement

    by Doug Carey | Mar 10, 2016
    We'll just get this out of the way right up front. You need to start contributing more to your 401(k). And you should consider trying to max out your 401(k) contributions eventually.
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  • Roth IRA Calculator: Which Type Of IRA Should You Choose?

    by Doug Carey | Feb 25, 2016
    It's a common question: "Should I use a Roth IRA rather than a traditional IRA?" A similar question is, "Should I transfer money from a traditional IRA to a Roth IRA?"
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