Personal Finance
Inheriting a house does not mean that you automatically owe capital gains tax. In most cases, the home’s value at…
At 59, $1.6 million may be enough to retire, but leaving work also means giving up health insurance coverage from…
A lower withdrawal rate can help your retirement savings last longer, but it may also limit how much you spend.…
Doubling your salary can increase your lifetime earnings, but your Social Security benefit will not increase at the same rate.…
A $2.5 million portfolio could support $100,000 in annual retirement spending, but taxes might require you to withdraw more than…
Retiring at 52 could lock up a big part of your nest egg until age 59 ½. If most of…
You took a $100,000 distribution by check from your 401(k) and are now wondering if the IRS will penalize you.…
When the federal government began depositing a $1,000 seed contribution into newly launched Trump Accounts for eligible children in July,…
If you need to withdraw $10,000 each month from a $1 million portfolio, that’s a 12% annual withdrawal rate. Sustaining…
While $500,000 is a substantial retirement portfolio, it may not be enough to generate $5,000 in monthly income on its…
When financial anxiety spikes, the impulse to aggressively pay off a car loan or mortgage seems like a bulletproof step…
Team Name: Musgrave Dunn & AssociatesFirm: Merrill Wealth ManagementSenior Members: Travis Musgrave, Timothy Dunn, Valerie MarshallLocation: Lexington, KYTeam Custodied Assets:…