The Parady Blog
At Parady Financial, we belive that education is paramount!
From Nest Egg to “Paycheck”- Retirement Income Planning Strategies to Live Your Life, Your Way℠
Many Villagers retire with a sizable 401(k) but no clear plan to turn it into monthly income. This guide walks through retirement income planning strategies, guaranteed paychecks from Modern Annuities®, Social Security decisions, Roth conversions, and even part-time work, so you can enjoy Your Life, Your Way℠ without constantly worrying about the markets.
Retirement Income Strategies: Balancing Tax-Deferred and Tax-Free “Buckets”
Most retirees keep too much in tax-deferred Red assets, creating unpredictable tax bills later. Greg Parady’s Red-Yellow-Green model shows how to balance buckets, add pension-like income with Modern Annuities®, and convert Red to Green with Roth and Modern Life Insurance™ for steadier, after-tax income. Retirement income strategies from Parady Financial
UnTax Your Retirement™: Roth Conversions & Other Tax-Free Income Strategies
Retirement should be your reward, not a time to worry about the IRS taking more than their fair share. But with the 2017 Tax Cuts and Jobs Act set to expire at the end of 2025, the window for historically low tax rates is closing fast. In response, Roth IRA...
Modern Annuities 101®: How Annuities Work to Secure a Guaranteed Income
If you’re planning for retirement in The Villages, FL, and wondering how annuities work, you’re not alone. With Google searches for annuities skyrocketing over the last 18 months, retirees are looking for dependable, low-stress income strategies that don’t ride the...
Want To Help Your Kids? Smarter Financial Strategies For The Next Generation
For most of us, helping our kids is a no-brainer; leaving a legacy is a high priority for many retirees, but figuring out how to do that isn’t as simple as drawing up a will. In fact, without proper planning, leaving an IRA to a child who’s more of a saver could cost...
How To Beat Debt In Retirement
When we think about retirement planning, many people focus more on money coming IN, rather than money going OUT. We’ve talked quite a bit about how minimizing taxes in retirement is a crucial strategy for maximizing your income, but there’s another factor that is...
How to Secure Your Retirement While Caring for Elderly Parents, Adult Children, and Grandchildren
Retirement isn’t as simple as it used to be. Today’s retirees can’t just focus on when they want to downsize or where they want to golf next; they’re juggling responsibilities that much of the previous generations didn’t have to face. Thanks to medical advancements...
3 Conversations Every Couple Needs to Have Before Retirement
Are you and your spouse planning for retirement, or are you just saving for retirement? It’s an important distinction that people tend to miss. If you’re focused on saving, saving, saving, there’s a good chance you’ll get to “the good years” and have a lump sum, but no idea of how you actually want to […]
4 Expenses That Could Drain Your Retirement Accounts
If you ask how you can increase your income stability in retirement, there’s a reason why one of the first things we’ll look at is tax planning. Does that surprise you? Most retirees looking to build up a buffer against uncertainties like market volatility, inflation,...
When Is the Best Time to Purchase Life Insurance?
How much time did you spend in your twenties thinking about life insurance? If you’re like most people, not much, if any. The exception is if you lived through an experience where your family did–or, sadly, didn’t–have the safety net of life insurance when it was...
Is It Worth the Risk? How to Evaluate Financial Decisions
You’d be hard-pressed to find a word people hate hearing more than “risk” in the context of their financial plan, which is no surprise. We want our financial decisions to generate reliable, predictable results! However, as the saying goes, you can’t have your cake and...
Overcoming the Top Four Causes of Anxiety in Retirement
Not many people, if any, include “learn how to reduce stress” on their pre-retirement checklist. And why would they? Retirement is a season of life in which your worries melt away, you golf or travel to your heart’s content, and you can bask in the payoff of all those...