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Greg Koch

Greg Koch

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Published work by Greg Koch

  • Article

    Long-Term Care Planning — Why You Can't Afford to Ignore It

    Long-term care planning (or LTC planning for short) isn’t the most exciting topic. But most people can’t afford to ignore it in retirement. It’s the four-ton elephant in the room. "Long-term care is the unsolved problem for so many people," said AARP. Not only the fact that seven out of ten seniors will need some type...

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  • Article

    What is Sequence of Return Risk?

    Sequence of returns risk can affect your long-term income the most in your early-retirement years. That is the timespan just before and right after you retire. You may have heard of that period called the “retirement red zone,” or generally the 10-year spread prior to and after retirement. It's true that average retur...

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  • Article

    What is a 1035 Exchange?

    Do you have a current annuity or insurance policy that doesn’t fit your needs? If you are on the lookout for a new policy, a 1035 exchange may be a good option for you. How a 1035 Exchange Works A 1035 exchange is a section of the U.S. tax code that lets policyholders replace an existing annuity or life insurance poli...

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  • Article

    What Is A Funeral Trust?

    Like other major life events, pre-funding your funeral will give you peace of mind, comfort and assurance knowing that money will be there to pay your final expenses. Now, wouldn’t it be nice to have an insurance policy that is designed to do exactly that? Pay for your funeral costs, while also having the money protec...

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  • Article

    7 Things Your IRA Custodian Won’t Tell You

    What hasn’t your IRA Custodian told you? It is important to know what your IRA custodian will tell you and what they will not or cannot tell you. The I in IRA stands for individual and many times it is up to the individual to know things or keep track of them. 1. 60-Day Rollovers – An IRA custodian will not remind you...

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  • Article

    5 Steps to Building a Retirement Income Plan

    Modern thinking has taught us that, as the average life expectancy continues to climb (Could age 90 be the new 70?), our real concern should be more than a magic number for retirement savings. It should be creating a retirement income plan that ensures we will have income in retirement that lasts as long as we will. B...

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  • Article

    Did you pay too much in taxes for 2017?

    Problem: If you earned over $300,000 last year you probably paid way more in taxes than you should have! Many professionals--doctors, dentists, lawyers--and small business owners often find they have spent so much time and effort developing their thriving practices and growing their profitable businesses that they jus...

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  • Article

    Retiring Soon? Don't Make These 9 Mistakes

    There is plenty you can do to avoid running out of money in retirement. Whether you are newly retired or retiring soon, planning is key. Some retirees just plunge in and get into trouble. Mistake 1: Not planning for medical expenses Medicare kicks in at age 65, but that’s not the end of your medical expenses. Fidelity...

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  • Article

    Do you have a Roth IRA? Should you have a Roth IRA?

    The Roth IRA is celebrating its 20th Anniversary. It started January 1st 1998. The Roth IRA is growing stronger than ever. You may be already reaping the tax benefits of owning your own Roth IRA or, did you hesitate to open one? Here are 20 ROTH IRA Facts you need to know: Roth IRAs offer the benefit of tax-free earni...

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  • Article

    What is a cash balance plan? (And why you should care)

    Cash balance plans allow professionals and small business owners to compress 20 years of retirement savings into 10 years and generate additional tax savings that are substantial. Cash balance retirement plans, are one of the best strategies to help high-earning Americans reduce taxes and accelerate their retirement s...

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  • Article

    Tax Reform Proposal Unveiled

    The much-anticipated Republican proposal for tax reform has been released in the form of the Tax Cuts and Jobs Act, an over-400 page long major rewrite of the Tax Code. Individual Retirement Accounts IRA rules are left largely untouched by the Act. Contribution limits and requirements are unchanged, stretch IRAs remai...

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  • Article

    What If You Could Pay Health Care Costs in Retirement with Tax-Free Dollars?

    As medical expenses continue to increase, planning for them in retirement takes on greater importance. One approach is to shift thinking of the Health Savings Account (HSA) as an account to defray medical expenses annually to an account with pre-tax dollars and tax-free earnings to defray medical expenses years from n...

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  • Article

    Identity Theft

    On Thursday, September 7th, Equifax, one of the largest credit-reporting companies in the US, said 143 million people could be affected by a recent data breach, involving credit card companies, banks, retailers, and lenders. In 2017, data stored by hospitals, cell phone companies, health insurance and government agenc...

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  • Article

    IRA Distribution Basics – Taxation of Distributions

    Most IRA accounts hold pre-tax contributions and rollover amounts from employer plans. For purposes of this article, I am going to assume that there are no after-tax amounts held in any IRA, including SEP and SIMPLE IRAs. IRA distributions where the check is made payable to the IRA owner or the funds are transferred t...

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  • Article

    Must You Pay Income Tax on Inherited Money?

    The good news is, generally inheritances are not taxed as income . An inheritance can be a windfall in many ways—the inheritor not only gets cash or a piece of property, but doesn’t have to pay income tax on it. Someone who inherits a $500,000 bank account doesn’t have to pay any income tax on that amount. It doesn’t...

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  • Article

    Documents Everyone Must Have

    Once you become 18 you are now considered an adult and can make your own decisions. There are certain documents that everyone must have. If you don’t, it could cost you dearly in several ways. These must-have documents are: a Living Will, A Durable Power of Attorney for Finance, and for Health, also called a Health Ca...

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