Tag: Retirement Taxes
The One More Year Trap: When Working Longer May Not Improve Your Retirement (Ep. 72)

The One More Year Trap: When Working Longer May Not Improve Your Retirement (Ep. 72)

By |

You’ve saved for retirement, but how do you know when another year of work is helping rather than delaying the life you planned?

In this episode, Greg DuPont examines the “One More Year Trap” and why retirement decisions can become driven by uncertainty rather than financial need. He explains how accumulated savings should translate into retirement income, why Social Security may leave a smaller gap than expected, and how taxes can affect the value of working longer. Greg also explores the cost of giving up healthy retirement years, the importance of involving your spouse, and how a written income plan can help you decide whether continuing to work still serves a clear purpose.

Greg covers:

  • How repeatedly moving your retirement goal line can turn one additional working year into several lost years
  • Why understanding the income your savings can produce may be more useful than chasing an arbitrary account balance
  • How working longer can add savings while also creating tax consequences and using years you can’t recover
  • Why retirement timing should account for your spouse, health, lifestyle goals, and the quality of your available time
  • How a written retirement income plan can clarify whether another year of work has a defined financial purpose
  • And more!

Connect with Greg DuPont:

Podcast: Play in new window | Download | Embed

Subscribe: RSS | More
How Much Investment Return Do You Really Need in Retirement? (Ep. 71)

How Much Investment Return Do You Really Need in Retirement? (Ep. 71)

By |

How much investment return do you really need in retirement? If you’re within 5 to 10 years of retiring, should you still be trying to beat the market, or should your retirement plan focus on replacing your paycheck?

In this episode, Greg DuPont explains why people approaching retirement may be watching the wrong financial scoreboard. Retirement income planning looks at how your savings and investments can work together to provide income after you stop working. Greg explores how market losses, investment fees, Roth conversions, inflation, and required minimum distributions may affect your retirement income and future tax bill.

Greg discusses:

  • Why retirement income may tell you more about your plan than investment returns
  • How fees inside IRAs, 401(k)s, and mutual funds can reduce your retirement savings
  • How much investment return you may need to keep pace with inflation in retirement
  • How Roth conversions and RMD planning may affect your retirement income and taxes
  • And more!

Connect with Greg DuPont:

Podcast: Play in new window | Download | Embed

Subscribe: RSS | More

Archives

Categories