Melissa Midwest Bookkeeping Melissa Midwest Bookkeeping

Qualified Charitable Distributions (QCDs) Explained

Learn how to use your IRA to give money effectively.

This guide covers key rules, tax effects, and methods for charitable donations or gifts, helping you maximize IRA benefits while planning philanthropy or gifting.

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Melissa Midwest Bookkeeping Melissa Midwest Bookkeeping

Tax Bracket Management in Retirement

Did you know you could control the flow of income in retirement? and by controlling this income, you also decide when and how much tax you pay that year?

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Melissa Midwest Bookkeeping Melissa Midwest Bookkeeping

Who Needs a Drawdown Strategy?

A drawdown strategy is not just for the ultra-wealthy or overly complex situations. It’s for anyone who wants to retire with clarity, reduce taxes, and make sure their money lasts.

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Melissa Midwest Bookkeeping Melissa Midwest Bookkeeping

Roth Conversions: When, Why, and How Much?

When it comes to securing your financial future, navigating the landscape of Individual Retirement Accounts (IRAs) can be complex. Understanding the differences between traditional and Roth IRAs is crucial for making informed decisions that align with your long-term goals. This article breaks down the key features, tax implications, and benefits of each type, helping you choose the retirement strategy that fits your unique situation.

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Melissa Midwest Bookkeeping Melissa Midwest Bookkeeping

The Retirement Drawdown Timeline

Do you know the decisions points at every age in retirement?

Understanding this timeline helps retirees balance their income needs, tax implications, and longevity risk, supporting a sustainable and efficient retirement income strategy.

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Melissa Midwest Bookkeeping Melissa Midwest Bookkeeping

Smart Withdrawal Order Cheat Sheet

Investing for retirement requires careful planning and strategic choices. Understanding how to effectively leverage an IRA can provide significant benefits in building long-term wealth while minimizing tax liabilities. This post will explore key considerations for maximizing your IRA’s potential, helping you make informed decisions for a secure financial future.

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