by MoneyMasterPeter | May 22, 2017 | Investing, Money, Retirement, Savings, Tax
You work hard to save money on a tax-deferred basis so you will have more money after tax. Then you go to retire and have to pay tax on 100 percent of the money you take out of the 401(k). So if you thought paying taxes on your annual income was horrible, wait until... 
by MoneyMasterPeter | May 1, 2017 | Retirement, Social Security, Tax
If the Trump administration ends up getting taxes lowered, consider converting all IRA and 401(k) savings over to a Roth IRA. The tax hit today will allow all future growth to be taken out as tax free! Here are two observations about this advice: First, when you... 
by MoneyMasterPeter | Apr 26, 2017 | Debt, Financial Organization, Money, Retirement, Savings, Spending, Tax
A rose is beautiful and we all enjoy them to celebrate special occasions. But roses have thorns — sometimes we can prick ourselves if we aren’t careful. Retirement is just the same. We can enjoy retirement if we hold it just right, but if we refuse to... 
by MoneyMasterPeter | Apr 5, 2017 | Estate Planning, Financial Organization, Investing, Money, Retirement, Social Security, Tax
As you can well imagine, the idea of “retirement” did not exist in Roman times, nor medieval times, and certainly not when Pilgrims discovered America. What about during the days of Lewis & Clark? Or when the wild West was being settled? History teaches... 
by MoneyMasterPeter | Mar 13, 2017 | Debt, Estate Planning, Financial Organization, Investing, Money, Retirement, Savings, Spending, Tax, Tracking
Many people confuse financial coaches with a financial adviser. These are two very different animals that need distinguishing. Financial Coach: A true financial coach focuses on your knowledge, your habits, and your ability to make wise decisions. They don’t...
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