A Great Recipe ForTurning Lemons into Lemonade

Posted on August 11, 2011 by bluelinecpcu

By Nancy Coveleskie We’ve all heard this saying before, haven’t we?  How do you apply in your everyday life? I’ve been working on a project the last few days and have asked some friends and acquaintances for assistance.  I surveyed everyone via email on the following:  The #1 biggest concern I have right now about [...]

Filed under: Cashflow and budgeting, Money, Police retirement planning, Taxation of Retirement Benefits, Taxes | Tagged: , , , , , , , , , , | Leave a Comment »

If you think that retirement simply means rolling your DROP and Deferred Comp, think again.

Posted on September 15, 2010 by bluelinecpcu

Being married to a firefighter has its advantages. (Okay, you can stop laughing now) One of the biggest is in knowing first-hand how much attention police and firefighters get when it is nearing the time to retire. We could have a steak dinner every night of the week, courtesy of all of the retirement seminars [...]

Filed under: Cashflow and budgeting, DROP Planning, Money, Police retirement planning | Tagged: , , , , , , , , , , | Leave a Comment »

Is there a tax lien on YOUR retirement?

Posted on April 8, 2010 by bluelinecpcu

So where is the benefit? Perhaps you are thinking that you will be in a lower tax bracket when you retire. Not to burst your bubble, but I have yet to see that happen when every dollar of your pension is taxable and if every dollar you withdraw is also taxable. Even if marginal tax brackets remain the same, you will no longer have the deductions you may have now, such as your pension contribution, your deferred comp contribution, deductions for your children and mortgage interest.

Filed under: Taxation of Retirement Benefits, Taxes | Tagged: , , , | Leave a Comment »

  • Enter your email address to subscribe to this blog and receive notifications of new posts by email.

    Join 8 other followers

Follow

Get every new post delivered to your Inbox.