Fact: Each person’s situation is different, and there is no correct answer. Health, income, marital status, to name a few, can all influence this decision.
Fact: Your children will do the best they can, however your independence, and their other obligations will hinder that plan.
Fact: There are three avenues available: Roth 401k, Whole Life Insurance, Back door IRA
Fact: There are many kinds of annuities with many different benefits. Investigate all products to find the one that best benefits you.
Fact: Any person earning wages under the income limit can contribute to a ROTH
Fact: The new RMD age is 72
Fact: Short term planning – YES!Long term planning – NO!
Fact: It is best to talk to a financial service professional to find out the exact answer of what will happen.