Sentences with phrase «come out of the retirement account»

«In other words, they must come out of the retirement account and go through the «tax fence,» as we say, and then can be directed to an after - tax account which then can be spent or invested as goals dictate.»

Not exact matches

«When it comes to retirement, it is so important to get that money out of the retirement accounts as tax - efficiently as you possibly can,» emphasize Gary Plessl and Kevin Houser, certified financial planners and managing partners of The Houser and Plessl Wealth Management Group.

So, I do think that for people who have accumulated most of their retirement savings within the confines of some sort of traditional tax - deferred account, for the sake of just giving yourself a little bit of flexibility in retirement to not have to take required minimum distributions from the account, to have some withdrawals coming out tax - free, I think the Roth contributions can make sense.

These ideas come out of pension investment where 65 is the usual retirement age and what you invest in the 1st ten years of your pension (or any other compound interest fund) accounts for over 50 % of what you will get out.

The QLAC designation, which came out of a 2014 U.S. Treasury ruling, exempts these DIAs from the standard RMD rules, which force those older than 70 1/2 to withdraw a specific amount of money from their tax - deferred retirement accounts each year.

Based on their spending patterns, Simmons suggests Jason and Jessica divide their cash this way: $ 3,000 for fixed expenses («the things that come out of your account whether you like it or not,» like housing, insurance, phone, Netflix); $ 1,000 in short - term spending for big purchases (like travel, puppies, electronics); $ 1,200 in long - term saving («money to be socked away into the nest egg,» she says, for retirement and emergencies); and, good news for Jason and Jessica, $ 2,800 left over to spend on everything else — that's groceries, gas, haircuts, tasty takeout, doggy toys, and whatever else they damn well feel like.

Add concerns about shaky markets abroad and throw in the predictions from some analysts that U.S. stocks could be headed for a major setback, and scaling back the stock holdings in your retirement accounts — if not bailing out of stocks completely — might have seemed a no - brainer way to avoid the coming carnage.

So, I do think that for people who have accumulated most of their retirement savings within the confines of some sort of traditional tax - deferred account, for the sake of just giving yourself a little bit of flexibility in retirement to not have to take required minimum distributions from the account, to have some withdrawals coming out tax - free, I think the Roth contributions can make sense.

This will then show net worth after accounting for cash flows that come out of assets that provide retirement income.

If you then compare investing that $ 55 - 60K amount over x years in real estate and paying taxes on the income, vs investing $ 100K in a tax - deferred account earning the same return, you should come out ahead on the retirement plan side due to the larger amount of starting capital and the elimination of taxes along the way.