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2 weeks ago | 
forbes.com | David Rae
Taxes are often one of the biggest expenses retirees incur. With our progressive tax system, theoretically, the more you make, the more taxes you must pay. One of the biggest exceptions is income in your Roth IRA. Keep reading as we share how you can save $70,000 or more in this type of retirement account every year. This retirement income strategy could make you a Roth IRA millionaire.
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1 month ago | 
forbes.com | David Rae
If you’re looking to grow your retirement savings, a 401(k) can be a game-changer—but what if your employer doesn’t offer one or what if you don’t have an employer at all? Let’s break it down and explore your options for securing a rock-solid financial future. The options will vary depending on if you are self-employed or just working for a business that does not offer a 401(k) or other retirement account. How Does A 401(k) Work To Help Save For Retirement?
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1 month ago | 
advisorstream.com | David Rae |Ron Phillips
David Rae, Contributor May 1, 2025 Your 40s are all about maximizing your earnings, minimizing taxes and setting yourself up for financial independence. Here are nine fabulous moves to make now. Suppose you’re in your forties, earning over $250,000 a year and dreaming of an early retirement, congratulations. In that case, you’re in a prime position to make strategic moves to supercharge your wealth and minimize your tax burden.
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1 month ago | 
flipboard.com | David Rae
Where to put savings you'll need in the next 5 years, according to financial expertsIt's been a wild few weeks in the stock market as investors have digested news of the installation and pause of new tariff policies, ebbing and …
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1 month ago | 
forbes.com | David Rae
Suppose you're in your forties, earning over $250,000 a year and dreaming of an early retirement, congratulations. In that case, you're in a prime position to make strategic moves to supercharge your wealth and minimize your tax burden. This decade is all about maximizing your earnings, shielding assets from taxes and setting yourself up for a smooth glide into financial independence. Extra credit for also prioritizing your happiness and health along the way.
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1 month ago | 
forbes.com | David Rae
As I write this post, the stock markets have dropped another 3% as Trump takes on Chairman Powell. This is on top of the markets dropping into correction territory after President Trump announced his draconian Tariffs on Liberation Day. While the news has been terrible for stock market investors recently, at least there may be a silver lining in some valuable tax planning strategies that are helping you save even more on taxes this year.
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2 months ago | 
forbes.com | David Rae
Ignoring the crisis du jour (Trump's Tariffs Induce Stock Market Meltdown) will be nearly impossible for anyone to ignore. It is dominating the news cycle and driving up prices of things you buy every day, like groceries. You may not notice bananas costing a few cents more per pound, but you will surely feel the pain of a "Tariff Fee" line item when you purchase your next car.
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2 months ago | 
forbes.com | David Rae
Whether you dream of retiring ASAP or working forever, prepping for a secure retirement is a smart move. As someone who has been helping people plan for retirement for several decades, I've met many looking to retire by the age of 60 or, if possible, sooner. Keep reading as we share some of the steps needed to retire by the time you reach your 60s. How Much Money Do You Need To Have Saved To Retire At Age 60?
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2 months ago | 
forbes.com | David Rae
Tax Day is just around the corner. The deadline to file your 2024 taxes is April 15, 2025. If you cannot complete your taxes by the deadline, you can request an automatic six-month extension to file your taxes. The deadline to apply for a tax extension also falls on April 15. With all the turmoil at the IRS these days, I'd rather see you take the time (on extension) to file your taxes properly rather than rushing and having to amend your taxes later.
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2 months ago | 
procurementleaders.com | David Rae
For as long as I’ve been involved in the procurement space, CPOs have shown varying degrees of enthusiasm for broadening the function’s value proposition. Over the past few years – not surprisingly – their focus has been focused on keeping the lights on, with almost all of their energy devoted to keeping key supply lines open and critical suppliers in business. It’s hardly surprising, given they’ve faced a global pandemic and the long list of subsequent crises.
