A Guide to Retirement Income Planning in Roseville

Retirement is something that we all dream of experiencing one day. It’s the reward for decades of dedication and hard work. Whether you are nearing retirement in the next few years or are recently retired, you should start planning for it now – it is never too late. Rising longevity means your retirement could last […]

Don’t Have Enough Saved for Retirement? Consider These 3 Aspects

Don't Have Enough Saved for Retirement? Consider These 3 Aspects Bulman Wealth

Are you confident that your retirement savings are going to be enough? Have you put aside anything at all for your golden years? If the response to these inquiries is no, our consultants might have solutions to help you restructure your retirement strategy. Here’s what they suggest to enhance your nest egg for retirement: Take […]

The Four Phases of Your Retirement Journey

The Four Phases of Your Retirement Journey Bulman Wealth

Retirement is a multi-stage process. The duration and the financial approach to each stage will vary for each individual, making it an intricate subject. However, dissecting it into separate stages can help you understand and execute a smart retirement strategy. In this piece, we will explore every stage of retirement and highlight significant financial events […]

When to Consider a Roth IRA Conversion

When to Consider a Roth IRA Conversion Bulman Wealth

If you find yourself with a traditional IRA account for your retirement, it can occasionally be useful to convert your account to a Roth IRA. The key difference between these accounts is that a traditional IRA is taxed when it is withdrawn, whereas a Roth IRA is taxed before the money is put into the […]

Where Did Pensions Go?

Where Did Pensions Go? Bulman Wealth

Before 1978, most retirement plans were set up as pensions. Although the term “pension” can colloquially refer to any kind of retirement account, usually what is meant by “pension” is a defined-benefit plan.[1] “Defined-benefit plan” is a technical term for a retirement plan where an employer guarantees payment of a certain amount when you retire […]

Should You Consolidate Your 401(k) Accounts?

Should You Consolidate Your 401(k) Accounts? Bulman Wealth

Many workers today have switched jobs multiple times over the course of their careers. If that applies to you, you may have several retirement plans from several different companies, and you may be wondering if you should combine them together. First, let’s talk about your options when you leave a job. You can do one […]

What’s the Difference Between IRAs and 401(k)s?

What's the Difference Between IRAs and 401(k)s? Bulman Wealth

IRAs (Individual Retirement Accounts) and 401(k)s are both popular retirement savings options, but they have some key differences that make each option more suitable for certain individuals. Contributions Are Categorized Differently One major difference between IRAs and 401(k)s is the way in which contributions are made. IRAs are typically opened and funded by individuals, while […]

These Accounts Are Your Retirement Pillars

These Accounts Are Your Retirement Pillars Bulman Wealth

Throughout your life, you’ve probably built up numerous pension plans, and you’ve likely given thought to numerous retirement tactics. The key now, if you have recently retired or you are about to retire, is to start putting those pillars together to form a complete structure of what you have and find out what you may […]

Approaching Income and Net Worth Differently in Retirement

Approaching Income and Net Worth Differently in Retirement Bulman Wealth

Your daily routine, from tying your tie in the morning to loosening it when you get home, has probably been done for most of your life. When you retire, your daily routine and your financial routine will shift as well. Your saving and wealth accumulation strategy was in place in your working years. But in […]

Know This End-of-Year Roth IRA Strategy!

Know This End-of-Year Roth IRA Strategy! Bulman Wealth

One way or another, Individual Retirement Accounts will be involved in retirement planning these days. Whether you want to roll over a 401(k), time your withdrawals optimally, or make catch-up contributions, your IRA strategy may be one of the key components of your income strategy. However, there is a little-known timing strategy to get more […]