Greg Gantt

119 Flips | 5 Magazines | 4 Followers | @ggantt | Keep up with Greg Gantt on Flipboard, a place to see the stories, photos, and updates that matter to you. Flipboard creates a personalized magazine full of everything, from world news to life’s great moments. Download Flipboard for free and search for “Greg Gantt”

Countdown to retirement: a five-year plan

For most of your working life, it wasn’t exactly a pressing concern. You might have pondered it for a few minutes as you skimmed your company’s benefits handout, checking to see if your new glasses were covered or if you’ll be reimbursed for your gym membership. Retirement was more like a vague, …

Retirement

IRS Unlocks The 'Door' For High-Income Savers

For years, there’s been a debate raging in the financial planning community surrounding something that’s colloquially become known as “The Back-Door Roth IRA.” Some practitioners (including myself) have been advocates of the planning strategy, which involves a two-step process that effectively …

Retirement

One Big Retirement Lie... And What You Need To Know About It

Over the last few decades, retirement planning, and even the very essence of what it means to be “retired,” has dramatically changed. And while some of the “old” rules of retirement still apply, those looking to enjoy a comfortable retirement in today’s world often need to buck old trends.<p>Case in …

Retirement

Could I Interest You In Paying A Whole Lot Less Tax In Retirement?

Let me preface this post by saying that if you think what I am proposing could possibly work for your situation, you've got to run it by your …

Retirement

Retirement complications: Beware of hidden taxes when the career ends

Your taxes in retirement may be a lot more complicated than taxes while you’re working.<p>Social Security checks may or may not be taxed, depending on your income. You’ll pay federal income taxes on most retirement plan withdrawals, but additional state taxes depend on where you live. Tax rates on …

Retirement

Take these 5 steps to ensure you are getting real financial planning — not just lip service

The spectrum of professionals who claim to offer financial advice is a broad one — so broad, in fact, that it can be difficult to define exactly what …

Retirement

Build your own Action for Google Assistant

If you’ve ever chatted with a Google Home device, you know how frustrating it is to be told “I’m sorry, I don’t know how to help with that yet.”<p>Luckily you don’t have to wait for someone to implement this missing feature. You can do it yourself! Google has an entire platform dedicated to helping …

Google Assistant

Retirement Nest Egg Calculators: Running Out of Money vs. Running Out of Time

If you have researched retirement at all (early or otherwise), you’ve probably ran across various retirement calculators online. You input how much …

Retirement

The Risk Of The Roth IRA Revolution - Part II

<i>Source: Google from Retirement Planning website</i><p>“Bulls Make Money, Bears Make Money, Pigs Get Slaughtered”<p>This is part II of an article I wrote …

Retirement

Beware! 3 Indicators You Mustn't Ignore

Don't get me wrong: We're still bullish!... Bullish but careful... Investing but more defensively... <b>Trapping Value</b> but protecting <b>the (Wheel of)</b> …

Stock Markets

Things That Could Ruin Your Retirement Portfolio Part III

I think the biggest retirees' concern regarding their portfolio is probably the fear of losing money. During all those years, you have worked very …

Retirement

The #1 Rule In Investing

"Rule No. 1: Never lose money. Rule No. 2: Never forget rule No. 1." - Warren Buffett<p>With all due respect to Warren Buffett, the #1 rule in investing …

8 Tips to Survive Your Husband's Retirement

Are you petrified of your spouse’s retirement? Do you worry that he is going to cling to you day in and day out not knowing what to do with himself? …

How High Earners Can Contribute to a Roth IRA | Investopedia

A Roth IRA is a powerful way to compound money without having to pay any taxes in the future. Most people think that a Roth IRA is not accessible at …

This Is When You Should Start Collecting Social Security, According to Experts

It depends on a few big factors.<p>It’s one of the most popular questions in retirement planning: When should I claim Social Security? You might as well …

3 Social Security Mistakes That Could Cost You a Fortune

If you want to maximize your Social Security benefits, you need to avoid these missteps.<p>Social Security may seem like a relatively easy program to …

Preparing For A More Tax-Efficient Retirement

Some people pay a higher tax bill during their retirement than others with the exact same income needs, but nobody waves a red flag to get the attention of the poor retiree that ends up paying more – sometimes double – in taxes to help them pay less. The responsibility to be tax efficient in …

The Three Stages Of Baby Boomers

Retirement planning is often full of challenges and uncertainties. You may be asking yourself, “How much money will I need? How long will my money last? When should I stop working? When should I start taking Social Security? Are my current allocations in line to provide me the income I need in …

Retirement: Where Could You Invest Your Cash Today?

The stock market, in spite of the recent turbulence since early February 2018, is still very close to an all-time high achieved in January 2018. The …

Here's Why Killing Yourself With Cardio is the Wrong Way to Get in Shape

Want to look better? Forget about the gym.<p>If getting in better shape is something you'd like to do, know this: You'll make more of a dent watching what you eat as opposed to trying to burn calories doing cardio. It's because a person burns roughly 100 calories running one mile, and since you need …

Exercise

2 Huge Retirement Expenses You May Be Overlooking

You might want to start thinking about your future medical expenses and taxes now.<p>A recent <b>Wells Fargo</b>/Gallup survey found investors gave more thought …

8 Frequently Asked Medicare Questions

If you know the answers to these questions, you'll likely make smart, money-saving, health-boosting Medicare decisions.<p>More than half of Americans …

11 Proven Ways to Boost Your Retirement Income

It can be challenging surviving in retirement on a fixed or limited income. Fortunately, there are strategies to employ now or later that can beef up …

2 Big Financial Shocks That Most Retirees Face

There's a 23% chance your household will be hit with an extraordinary medical expense during the year if you're over age 75.<p>Retirees are in for two …

The Simplest Way To Beat The Market (Part 1)

What if I told you that there is a simple way to beat the market by 100% (yes, twice the market returns) on average, with minimal risk and low …

How 10 Types of Retirement Income Get Taxed

When you’re planning for retirement, it’s fun to contemplate all the cruises, rounds of golf, and restaurant meals you have ahead of you. You've …

Retirement

Thinking about buying home in retirement? Here are 3 reasons to rent instead

Homeownership and retirement don't always mesh. Here's why you might consider renting as a senior instead.<p>Though owning a home has long been hailed as the American Dream, that's not necessarily the case when it comes to retirement. Since 1990, homeownership has declined among 55-64 year-olds, and …

The $131.8 Million Social Security Administration Mistake You Won't Believe

Find out how even Social Security workers get this key benefit wrong .<p>Social Security is complicated, with plenty of different ways to claim …

Saving money was never easier with these 10 mobile apps

Download these to start saving money with just a tap on your cell phone.<p>Saving money is essential to accomplish big and small financial goals, from saving for retirement, to affording your next family vacation, to building your emergency fund.<p>Unfortunately, most of us are saving far too little. …

Personal Finance

Why I Won't Wait Until 70 to Take Social Security

If I wait until age 70 to begin collecting Social Security, I'll pocket 24% more than if I start receiving my benefits at age 67, which is my full retirement age. If that sounds like a good deal, you're right. It's a guaranteed increase in Social Security income of 8% per year. I won't deny it. …