Frazier Allen: Help your money last with these 7 tips to generate a retirement paycheck

Clarksville, TN – With retirement within sight, now’s the time to figure out how to turn your savings and investments into a paycheck – so you can live comfortably and still achieve your goals.

For many, the challenge is easier said than done, and comes alongside fears of spending too much now and not having enough later or the worry of denying yourself if you don’t spend enough.

Here are seven ways to help you get and stay on the right track.

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Frazier Allen: 12 Resolutions for 2017

Start the new year right by reviewing and revamping your financial plan.

Clarksville, TN – Instead of hauling out those familiar New Year’s resolutions about eating less and exercising more, how about focusing on something that’s also very good for you in the long run – and even sooner?

We’re talking about your financial plan – your fiscal health, if you will. The approach of 2017 is a great time to review your plan and make any necessary revisions. With that in mind, here are 12 suggested resolutions that, if followed, can help ensure that your later years will be financially secure.

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Frazier Allen: Are You Ready for an Encore Career?

Clarksville, TN – Four and a half million. That’s how many retired Americans, over age 50, decided to go back to work or take on part-time volunteer roles after retiring. And there are another 21 million who say they’re ready to join them, according to a 2014 Encore Career survey.

The reasons vary. Some want to make the most of their talents; some want social interaction; still others seek to keep their minds sharp and their bodies busy. The extra money doesn’t hurt either, especially since there are several unknowns that can cloud your retirement picture (e.g., longevity, inflation and long-term care needs).

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Frazier Allen: Four Smart Withdrawal Strategies

Clarksville, TN – It’s official. You’re retired. As in, your days are yours alone. No early morning meetings. No deadlines. No paycheck.

Wait. What?

Without a job, you’ll no longer receive a salary. Something you’ve likely relied on every couple of weeks for the past 40 to 50 years.

It’s unlikely that Social Security alone will be enough to replace that flow of income and fully support your standard of living in retirement, which means it’s time to start drawing down the retirement income you’ve saved so diligently over the years.

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Frazier Allen: Can Taxes Scramble Your Nest Egg?

Clarksville, TN – When it comes to retirement planning, we typically tally up our daily expenses – housing, transportation, utilities, food, insurance, healthcare, entertainment – and budget accordingly for enough income to cover those wants and needs.

But we may not factor in an annual expense we can’t avoid: taxes. One reason may be that our complex tax code treats various sources of retirement income differently, so it can be hard to estimate what you’ll have after taxes using back of-the-envelope calculations.

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Frazier Allen: Your Retirement Plan B

Clarksville, TN – Imagine this. You’ve spent decades working, saving and planning for your version of the ideal retirement.

But life decides to throw a little kink into your plans. Your company was just acquired, and your boss is now strongly encouraging you to take an early retirement – five years before you’re ready.

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Frazier Allen: Beware of Costly Surprises in Retirement

Clarksville, TN – Achieving a successful retirement requires not only planning for what you want to go right, but also for what might go wrong.

Many investors have found that retirement can bring on unwelcome surprises, some of them significant enough to derail a retirement plan.

Healthcare Costs: Expert estimates of what a couple spends during retirement for healthcare range from $400,000 to well over $1 million.

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Frazier Allen: Double-Check Before Filing Your IRS Return

It may seem like common sense, but going back over the information you enter may be the most important part of your tax filing duties.

Clarksville, TN – It’s tax time. And as you work with your advisor or tax preparer to maximize your refund, or at least minimize what you owe, keep in mind that one of the most important things taxpayers can do to limit errors is to double-check the information they input into software or a printed form.

It may seem like common sense, but going back over the information you enter may be the most important part of your tax filing duties.

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Frazier Allen lists 12 Resolutions for 2016

Start the New Year right by reviewing and revamping your financial plan.

Clarksville, TN – Instead of hauling out those familiar New Year’s resolutions about eating less and exercising more, how about focusing on something that’s also very good for you in the long run- and even sooner? We’re talking about your financial plan – your fiscal health, if you will.

The approach of 2016 is a great time to review your plan and make whatever revisions might be indicated. With that in mind, here are 12 suggested resolutions that, if followed, will go a long ways toward helping to ensure that your later years will be financially secure.

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Frazier Allen: The Taxman Cometh

Make your tax to-do list while you still have time

Clarksville, TN – As we settle into the last quarter of the year, your mind may be on a different kind of list. But December 31st marks an important deadline for many year-end tax moves, including charitable contributions, so it makes sense to create a tax to-do list and execute each item before you ring in the new year.

We’ve started one for you, but since we can’t touch on all of the available tax-advantaged opportunities, it’s a good idea to contact your tax advisor to learn exactly which strategies can benefit you the most.

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