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How to spend just the right amount in retirement

“Retirees tend to gravitate to opposing poles in how they spend their nest eggs, with some too parsimonious and others too carefree. The best course lies somewhere in between, as Steve Vernon explains” in Forbes.The Spend Safely in Retirement Strategy is simple enough that you can implement it on your own.1. optimize your social Security benefits.2.…

Big Roth 401(k) Tax Surprise

Thanks to Kim Blanton writing in the Squared Away Blog for explaining the complexities of taxes on withdrawals from Roth 401(k) plans. “Financial experts and writers often tout the Roth 401(k)’s main selling point: when the money is withdrawn in retirement, it won’t be taxed.Well, that’s not entirely true.An employee’s own money saved in his…