Posts by Abby Taye

The decision regarding when to take Social Security payments is perhaps the most critical income decision that retirees can make in their lives. Some individuals opt for early payments when they are first eligible to do so, while there are others delay receipt of payments so that they will receive more per month. Taking Social…

Syndications for commercial real estate allow different people to raise money to be able to get into properties that would have needed considerable personal investment. Syndications may help you get into large projects, but you will need to assess the project, sponsor, risks, and other factors before investing. It is very important to do so…

You can use a retirement account to save money during your working life, but after a period of time, you retire and have to withdraw money from it. The required minimum distribution is the withdrawal that has to be made from some retirement accounts at a certain age, according to the IRS. It is very…

Retirement changes how one approaches his or her tax affairs. While one receives a steady income, he or she now lives on funds from retirement savings, Social Security, pensions, and investments. Consequently, planning one’s taxes is essential. Roth conversions become an important tool in evaluating whether it is wise to transfer money from the traditional…

In retirement planning, 401(k)s, IRAs, Social Security benefits, and investments are frequently considered. However, medical expenses may constitute one of the biggest bills in retirement. A health savings account is a tax-efficient tool that helps to plan for eligible medical costs and may be useful for reaching retirement savings goals. If someone qualifies for an…

A retirement income source could include Social Security; however, there are other income sources that people retiring would like to generate to help pay for their expenses. Real estate might be one choice. By planning properly, the real estate income could become a cash flow to add to the retiree’s Social Security benefits. This does…

Planning retirement income becomes difficult when one receives more than one source of income instead of receiving income in the form of a salary. Savings, investments, Social Security, pension plans, and insurance products become part of such a scenario, and having a clear understanding of annuities can be useful for retirees to have a better…

In most instances, the emphasis during retirement planning centers on savings and planning for future income. However, there is one more risk that should be considered prior to retirement: the chance that you may become unable to generate an income as a result of a disability. The absence of sufficient protection may cause your health…

The sale of your investment property could subject you to substantial tax obligations, particularly if there has been appreciation in the value of that property. The 1031 Exchange gets its name from Section 1031 of the Internal Revenue Code and can assist eligible property owners in avoiding some of the capital gains tax obligations on…

Some of the types of investments that retirees invest in include stocks, bonds, and savings accounts, among others. Some circumstances require retirees to think about real estate investment. Investing in commercial real estate may serve purposes such as generating income, diversifying their investments, and growing their wealth in the future. Why Consider Commercial Real Estate…