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Converting a Growing 401k Savings into Cash Flow

If your 401k, or 403b has grown, how do you turn savings into spending money for retirement?

You can set up a monthly deposit to your bank account by withdrawing money from your former employer-sponsored retirement plan.

However, you are likely to be selling shares of the investments which represent the principal, not the dividends or earnings.

Creating a Self-Directed IRA for Dividend-Rich Investments

An alternative approach is to create a self-directed IRA which could allow you to invest in dividend-rich investments. If you could withdraw the dividends, reinvest the capital gains, and not deplete the principal monthly, then your account might increase in value at the same time the dividends were contributing to your cash flow and helping you pay for groceries etc. Investments can gain or lose value. Dividends are not guaranteed. Nonetheless, a portfolio can be designed for pursuing cash flow and growth. This approach is attractive because it looks at present needs and future goals.

Building a Dividend-Rich Portfolio

There are companies in the groups identified as Kings that have recorded dividends and dividend growth for fifty years. Stocks in the Aristocrat group have a dividend track record of twenty-five years. Look within those two groups for candidates for a dividend-rich portfolio.

Assessing Retirement Income Needs and Sources

How much income do you require during retirement to maintain your living quarters and to maintain your lifestyle? What are your sources of income? Is there a gap between what you require and your income sources? Can dividends fill that gap?

Financial planning is a process of analyzing your needs and seeking to maximize your assets to satisfy those needs.

General Disclaimer on Financial Planning and Investments

Securities and Advisory Services are offered through LPL Financial, a Registered Investment Advisor. Member FINRA/SIPC.

Content in this material is for general information only and is not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results.

Contributions to a Traditional IRA may be tax deductible in the contribution year, with current income tax due at withdrawal. Withdrawals prior to 59 ½ may result in a 10% IRS penalty tax in addition to current income tax.

The S&P 500 Dividend Kings and Aristocrats are stock market indices composed of the companies in the S&P 500 index that have increased their dividends in each of the past 50 and 25 consecutive years, respectively.

Retirement Questions And Your 401k 

Retirement Planning Services Near Boston Available Through Wealthy Choices® 

Retirement planning may seem like an intimidating process. After all, retirement planning requires you to make decisions that will impact how you live for many years. The good news is you don’t have to find answers to your retirement questions on your own. You can seek answers to retirement questions near Boston with retirement planning services near you. 

Retirement Planning Services Near You With Dr. Penelope Tzougros 

Hello. My name is Dr. Penelope Tzougros and I’m here to help you with retirement planning. As a financial advisor, retirement planner, and founder of Wealthy Choices®, I aim to make retirement planning less stressful by providing answers for my clients. 

What Should I Do With My 401k? 

For example, many of my clients have retirement questions about their 401k plans or other similar profit-sharing plans. What do you plan to do with your 401k when you retire? Are you wondering what your options are? Do you have retirement questions about your 401k and other retirement-related subjects as well? 

If so, please don’t hesitate to contact me. I recognize the unique needs, priorities, and desires of each of my clients. This is why I tailor my retirement planning services to each individual – to ensure each client receives high-quality service. If you’d like to discuss the options for your 401k or other parts of your retirement plan, call soon. 

Choose Wealthy Choices® For Retirement Planning Services Near Boston 

Whether you’re looking for retirement planning services near Boston or you’re interested in other financial planning services such as estate planning services, investment management services, and more be sure to call Wealthy Choices®. 

Choose Dr. Penelope Tzougros For Financial Advising And Retirement Planning 

Looking for a financial advisor who understands the emotional side of retirement planning, as well as the financial side? Look no further than Penelope at Wealthy Choices®. With a background in research and personal experience of watching a loved one suffer from dementia, Penelope is uniquely equipped to provide strategies and perspective on money and health issues in retirement. Her commitment to you as a financial planner is to create customized strategies that help you maintain the lifestyle you want so that you can thrive in retirement. To learn more, send her an email to start the conversation or call (781) 893-0909 ext. 238 today.  

401k vs. IRA: Making the Right Move for Your Money

Should you leave your money in the 401k or 403b or profit-sharing plan that you have been most recently contributing to?

Creditor Protection: A Key Consideration

One reason for not transferring your  401k or 403b or profit-sharing plan to an IRA is that Employer-based retirement plans may be protected from creditors by federal law. However, IRAs are governed by state law and not all states provide the same creditor protection.

Protecting Your Assets: Legal and Insurance Perspectives

Are you likely to be sued, do you have creditors? You may want to discuss with your attorney and insurance agent how to protect your assets. The attorney can advise you about your state’s laws and may suggest a trust. The insurance agent can review the merits of an umbrella policy. It is a liability policy that opens an “umbrella” over your car and house insurances so that you have more liability protection, if for instance, someone injured himself or herself on icy steps entering or leaving your house.

Considering Legal Protections in Your State

If you are in arrears with creditors or have reasons to be concerned about being sued, before you transfer your account into an IRA, you will want to know that the IRA in your state will provide the same legal protections as the employed sponsored plan.

Involuntary Cash-Out: A Potential Scenario

However, if your account is less than $5,000, your former employer may force an “involuntary cash-out”. Then an IRA may be the only option unless you cash in the account and pay tax on all of withdrawal. More details govern such cash-outs.

Two voluntary reasons for moving to an IRA are 1) that you cannot contribute to the employer sponsored plan and 2) you are restricted to the investments provided in the plan. If you were to transfer your assets to what is often referred to as a self-directed IRA, you can choose from a wider number of investments, and you might be able to contribute to the IRA. Check the regulations.

Overview: Factors to Consider

Overview: Stay in the employer sponsored plan if your main concern is protection from creditors. Transfer to an IRA if you want a larger selection of investments and if you want to contribute to the IRA if your earned income fits the guidelines for contributions.

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Securities and Advisory Services are offered through LPL Financial, a Registered Investment Advisor. Member FINRA/SIPC.

Content in this material is for general information only and is not intended to provide specific advice or recommendations for any individual.

Contributions to a Traditional IRA may be tax deductible in the contribution year, with current income tax due at withdrawal. Withdrawals prior to 59 ½ may result in a 10% IRS penalty tax in addition to current income tax.

How A Retirement Planning Services Can Help You 

Retirement Planning In Waltham, MA: Seek Professional Retirement Planning Near You 

Do you know how to begin retirement planning? Are you seeking answers to questions about retirement planning? For many, retirement planning can be confusing and overwhelming. You may know you are meant to be planning for your retirement and your future, but you may be at a loss for how to plan, what to plan for, or when to start retirement planning. The good news is you don’t have to learn everything about retirement planning on your own. 

Dr. Penelope Tzougros Offers Retirement Planning Services In Waltham, MA 

Hi, I’m Dr. Penelope Tzougros. I am a financial advisor, retirement planner, and founder of Wealthy Choices®. I seek to help my clients learn about retirement planning and discover their options for retirement. Through careful consideration of each client’s needs, goals, and values, I can offer personalized retirement planning advice in Waltham, MA. 

How Can Retirement Planning Services Help Me? 

There are many options to consider and plans to make when it comes to retirement. Someone who is just beginning to consider retirement in Waltham may be primarily concerned with figuring out their retirement goals, how much money to save for retirement, how to save money for retirement, and so on. I can help clients in Waltham, MA answer these questions. 

It may be the case that you’ve already figured out your retirement goals and how to save for retirement. You may, however, have more particular questions you’d like answered. I can help with these as well. For example, I have helped clients looking to diversify their investments, clients who need to plan for healthcare expenses, and even those who need help with estate planning. No matter what questions you have about retirement planning, feel free to call Wealthy Choices®. 

Wealthy Choices® offers retirement planning services in Waltham, MA in addition to other financial planning services, such as estate planning services, investment management services, and more. Call soon to learn more. 

Choose Dr. Penelope Tzougros For Financial Advising And Retirement Planning 

Looking for a financial advisor who understands the emotional side of retirement planning, as well as the financial side? Look no further than Penelope at Wealthy Choices®. With a background in research and personal experience of watching a loved one suffer from dementia, Penelope is uniquely equipped to provide strategies and perspective on money and health issues in retirement. Her commitment to you as a financial planner is to create customized strategies that help you maintain the lifestyle you want so that you can thrive in retirement. To learn more, send her an email to start the conversation or call (781) 893-0909 ext. 238 today.  

Boston Retirement Planning: Personalized Retirement Planning 

Where Can I Find Professional Retirement Planning Services Near Me? 

Retirement planning can be an overwhelming process. Figuring out your retirement goals, how to achieve them, where you’ll live during retirement, and accessing your options for pensions, investments, and more can leave you feeling as though you’ll never figure out retirement planning. The good news is you don’t need to figure out retirement planning on your own. Seek professional retirement planning near Boston today. 

Wealthy Choices® Offers Professional Retirement Planning Near You 

Hi, I’m Dr. Penelope Tzougros and I’m pleased to share with you that professional retirement planning services are available near Boston through Wealthy Choices®. As a professional financial advisor, I seek to help you answer questions about retirement and more. 

Personalized Retirement Planning Near Boston 

Of course, not everyone will have the same questions about retirement. Not everyone has the same retirement goals. This is why professional retirement planning can be so useful to the people of Boston. When you choose Wealthy Choices®, you’ll receive personalized retirement planning services near Boston. 

As your retirement planner, I don’t offer one-size-fits-all advice. Instead, I take the time to get to know each client. I familiarize myself with your retirement goals, your finances, and your values. Then, I can offer professional financial advice and retirement planning services based on your particular needs. 

Do you want to learn more about how retirement planning services can help you? Contact Wealthy Choices® today to ask about retirement planning services near Boston. I also offer other financial services near Boston, including estate planning services, investment management services, and more. 

Choose Dr. Penelope Tzougros For Financial Advising And Retirement Planning 

Looking for a financial advisor who understands the emotional side of retirement planning, as well as the financial side? Look no further than Penelope at Wealthy Choices®. With a background in research and personal experience of watching a loved one suffer from dementia, Penelope is uniquely equipped to provide strategies and perspective on money and health issues in retirement. Her commitment to you as a financial planner is to create customized strategies that help you maintain the lifestyle you want so that you can thrive in retirement. To learn more, send her an email to start the conversation or call (781) 893-0909 ext. 238 today. 

Answering Common Retirement Questions In Waltham, MA 

Personalized Retirement Planning In Waltham, MA Is Available Through Wealthy Choices® 

Are you beginning to plan for your retirement? Do you find it difficult to find answers to your retirement questions? Do you want to seek personalized retirement planning services near you? If so, be sure to contact Wealthy Choices® for retirement planning in Waltham, MA. 

Professional Financial Advisor Offers Retirement Planning Services In Waltham, MA 

Hi, I’m Dr. Penelope Tzougros, a professional financial advisor offering retirement planning services through Wealthy Choices®. If you’ve tried to seek answers to your retirement questions on your own, you may have found that much of the retirement planning advice you can find online is simply too generalized. So-called retirement calculators and other online tools can fail to give you the precise answers you need. As your retirement planner, I will take the time to become familiar with your goals and your values so I can offer retirement planning advice that is tailored to your needs. 

Answering Common Retirement Questions In Waltham 

The questions you need answered about retirement will vary depending on your goals and how far along you are in your retirement planning journey. For example, you may need help setting retirement goals or figuring out how much to save for retirement if you’ve only just begun to think about retirement planning. On the other hand, you may be wondering about how to take your pension or how to minimize taxes while you’re retired. You may even be thinking about estate planning if you want to make sure you leave something to your heirs. 

Whatever retirement planning questions you have, we can seek the answers together. Contact Wealthy Choices® today to learn more about retirement planning services in Waltham, MA. You can also seek other financial planning services through Wealthy Choices®, including estate planning services, investment management services, and more. 

Choose Dr. Penelope Tzougros For Financial Advising And Retirement Planning 

Looking for a financial advisor who understands the emotional side of retirement planning, as well as the financial side? Look no further than Penelope at Wealthy Choices®. With a background in research and personal experience of watching a loved one suffer from dementia, Penelope is uniquely equipped to provide strategies and perspective on money and health issues in retirement. Her commitment to you as a financial planner is to create customized strategies that help you maintain the lifestyle you want so that you can thrive in retirement. To learn more, send her an email to start the conversation or call (781) 893-0909 ext. 238 today. 

Retirement Planning Services Near You 

Is It Too Soon To Begin Planning For Retirement? 

Retirement planning can seem like an overwhelming task to take on. How do you figure out how much to save for retirement, or when to start saving? Should you invest your retirement savings, and if so how? How do you prepare to make sure you have a comfortable retirement? If you’re looking to answer these questions and more, seek retirement planning services near you. Seek retirement planning services in Boston with Wealthy Choices®. 

Financial Advising And Personalized Retirement Planning Near Boston 

Hi, my name is Dr. Penelope Tzougros. As a professional financial advisor and retirement planner, I seek to help Boston retirees or soon-to-be retirees find the answers they’re looking for about retirement. Through retirement planning with Wealthy Choices®, you can find personalized retirement planning services near you! Whether you’re looking to set retirement goals, assess your pension options, or plan for healthcare expenses, the help you need is available now. 

Seek Answers To Common Retirement Questions Near Boston 

One of the aspects of retirement planning that can seem intimidating is the fact that there are many details one can go into and thus many questions that need answering. For example, some of the common questions I get as a retirement planner are the following: 

  • How much should I save for retirement? 
  • What’s the best way to save for retirement? 
  • How do I decide how to take my pension? 
  • How should I plan for unexpected expenses during retirement? 
  • How can I minimize taxes during my retirement? 

The answers to these questions will be different depending on your unique situation. As your retirement planner, I answer these questions by considering your needs, desires, and values. Learn more about retirement planning services near Boston when you contact Wealthy Choices®. You can also seek other financial planning services through Wealthy Choices®, including estate planning services, investment management services, and more. 

Choose Dr. Penelope Tzougros For Financial Advising And Retirement Planning 

Looking for a financial advisor who understands the emotional side of retirement planning, as well as the financial side? Look no further than Penelope at Wealthy Choices®. With a background in research and personal experience of watching a loved one suffer from dementia, Penelope is uniquely equipped to provide strategies and perspective on money and health issues in retirement. Her commitment to you as a financial planner is to create customized strategies that help you maintain the lifestyle you want so that you can thrive in retirement. To learn more, send her an email to start the conversation or call (781) 893-0909 ext. 238 today. 

Are You Expecting To Retire Soon? 

Be Prepared For Retirement – Seek Professional Retirement Planning Services Near You 

If you’re expecting to retire soon or expecting to retire in the next dozen or so years, be sure to seek retirement planning services in Waltham, MA. Preparing for the future is the best way to accomplish your retirement goals. With personalized retirement planning services in Waltham, you can set your retirement goals and develop a plan to address those goals. 

Don’t Let Cookie-Cutter Retirement Advice Confuse You 

Hi, I’m Dr. Penelope Tzougros, a professional retirement planner with Wealthy Choices®. I know that many of my clients find the process of planning for retirement confusing. Retirement planning can be made all the more confusing by the unreliable one-size-fits-all type of retirement advice one frequently finds online. Don’t let this type of advice or so-called retirement calculators confuse you. Seek personalized retirement planning services today. 

Why Retirement Planning Services Are Helpful 

The most helpful retirement advice is advice that is personalized to your life. As your retirement planner, I put you at the center of your retirement plan. Your goals, your values, your finances, your family needs – all of these and more help to shape your retirement plan.  

What To Consider While Planning For Your Retirement 

Are you wondering what factors you should be considering in your retirement plans? Here are a few things you may want to be thinking about as you plan for retirement. 

How are you planning to save for retirement? Do you know where you want to live during retirement? Do you have investments you’d like help to manage or even diversify? Have you planned for healthcare necessities and costs during retirement? Do you have a pension and do you know your pension payment options? Would you prefer a lump-sum payment or annuity payments from your pension? Have you begun estate planning? 

If you’d like to know more about seeking answers to the questions or other things you may need to consider for retirement, contact Wealthy Choices® for retirement planning services in Waltham. Also consider choosing Wealthy Choices® for your other financial planning needs, such as estate planning services, investment management services, and more. 

Choose Dr. Penelope Tzougros For Financial Advising And Retirement Planning 

Looking for a financial advisor who understands the emotional side of retirement planning, as well as the financial side? Look no further than Penelope at Wealthy Choices®. With a background in research and personal experience of watching a loved one suffer from dementia, Penelope is uniquely equipped to provide strategies and perspective on money and health issues in retirement. Her commitment to you as a financial planner is to create customized strategies that help you maintain the lifestyle you want so that you can thrive in retirement. To learn more, send her an email to start the conversation or call (781) 577 2311. 

Financial Advising And Retirement Planning In Waltham 

Personalized Retirement Planning Services In Waltham, MA 

If you live in Waltham and are interested in seeking professional retirement planning services, you’ve come to the right place. Retirement planning can seem like an overwhelming step to take. There are many questions to answer and many factors to consider in retirement planning – such as questions about pensions, annuities, where to live, how to save money, and more. Seek answers to your retirement planning questions today. 

Choose Wealthy Choices® For Retirement Planning In Waltham 

Hi, I’m Dr. Penelope Tzougros. For years, I’ve helped clients through my personalized retirement planning services. Now, I offer retirement planning services and more in Waltham, MA through Wealthy Choices®. I offer personalized retirement planning services, which means you are at the center of the development of your retirement planning. I consider your values, your goals, your family, your finances, and more to help you develop a retirement plan that is suited to your retirement goals. 

Where Can I Find Answers To My Retirement Planning Questions? 

Having questions about retirement planning is a natural part of the retirement planning process. Perhaps you need help figuring out where you should live during retirement. Maybe you’re curious about what you should do after retirement to make your retirement easier. You may find you need help untangling tricky financial questions about retirement planning. Regardless of what questions you have, I’m here to help you find answers through professional retirement planning advice. 

If you’re looking for help financially planning for retirement, we can consider your pension options, investment options, how to minimize taxes, and more. If you’re worried about your health during your retirement years, we’ll talk about planning for healthcare expenses. 

Waltham Retirement Planning Services And More Available At Wealthy Choices® 

You don’t have to tackle your financial questions on your own. Seek the help you need today. Wealthy Choices® offers retirement planning services, estate planning services, investment management services, and more in Waltham. 

Choose Dr. Penelope Tzougros For Financial Advising And Retirement Planning 

Looking for a financial advisor who understands the emotional side of retirement planning, as well as the financial side? Look no further than Penelope at Wealthy Choices®. With a background in research and personal experience of watching a loved one suffer from dementia, Penelope is uniquely equipped to provide strategies and perspective on money and health issues in retirement. Her commitment to you as a financial planner is to create customized strategies that help you maintain the lifestyle you want so that you can thrive in retirement. To learn more, send her an email to start the conversation or call (781) 577 2311 today. 

Need Help With Retirement Planning Near Boston? 

Are You Wondering How To Start Retirement Planning? 

If you’re ready to seek professional retirement planning advice be sure to contact Wealthy Choices® for retirement planning services near Boston. It’s never too early to begin retirement planning. If you’re retiring soon or if you’re eager to begin retirement planning a dozen years ahead of time, the professional advice you seek is available near Boston now. 

Retirement Planning And More Near Boston – Choose Wealthy Choices® 

Hello, I’m Dr. Penelope Tzougros and I’m eager to help you find answers to your retirement planning questions. Beginning to retirement planning process can feel overwhelming and confusing. After all, there are many factors to account for and many questions to answer. The good news is you don’t have to overcome the confusion of retirement planning on your own. Through my retirement planning services, available near Boston, I can help you find the answers you’re looking for. 

Personalized Retirement Planning – No “Cookie-Cutter” Advice 

One of the difficulties of retirement planning is that it is deeply personal. Generalized advice and so-called “retirement calculators” are easy to find online, but they’re not very effective or useful in actual retirement planning. When you seek retirement planning services with Wealthy Choices®, you are the center of the plan. I consider your goals, your financial situation, your values, your family, and more. By getting to know what you want in retirement, I can offer you personalized advice on how to pursue your retirement goals. 

Don’t Wait To Seek Retirement Planning Services Near Boston 

If you’re looking for help planning financially for retirement, if you’re wondering how to handle your investments and pensions in preparation for retirement, or if you’re wondering what to do with your home during retirement – don’t hesitate to seek out the professional services you need. Choose Wealthy Choices® today for retirement planning services near Boston, as well as other financial planning services such as estate planning services, investment management services, and more. 

Choose Dr. Penelope Tzougros For Financial Advising And Retirement Planning 

Looking for a financial advisor who understands the emotional side of retirement planning, as well as the financial side? Look no further than Penelope at Wealthy Choices®. With a background in research and personal experience of watching a loved one suffer from dementia, Penelope is uniquely equipped to provide strategies and perspective on money and health issues in retirement. Her commitment to you as a financial planner is to create customized strategies that help you maintain the lifestyle you want so that you can thrive in retirement. To learn more, send her an email to start the conversation or call (781) 577 2311 today.