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Brandon Renfro

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Brandon Renfro
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Louisiana, United States
Life stage:
SIK (Single Income, Kids)
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Latest Blog Posts

One of the most common questions I get about retirement is “How long will my money last?” Considering the number one retirement fear for most people is running out of money, that really isn’t a surprise. With that in mind, your money can last as long as you need it to if you plan ahead. … How Long Will My Money Last in Retirement? Read More »The post How ...
Posted: Nov 17 2019 @ 7:53 PM
A multi-year guaranteed annuity, or MYGA, is very similar to a CD. A MYGA pays a fixed rate of interest and is most appropriate when you need a stable return from a conservative investment. Any time I mention annuities I try to make it clear that I am not licensed to sell them. Annuities tend … What is a MYGA Annuity? Read More »The post What is a MYGA ...
Posted: Nov 05 2019 @ 12:09 PM
In-kind distributions can sometimes provide tax or other benefits that a cash distribution doesn’t. So what is an in-kind distribution? Any distribution NOT made in cash. For a retirement account, that would typically be a distribution of stocks, bonds, mutual funds, or ETFs. In the case of an inheritance that would mean you would receive … What is an In-Kind Distribution? Read More »The post What is an In-Kind ...
Posted: Oct 29 2019 @ 12:07 PM
Knowing the difference between your marginal vs effective tax rate is an important element of tax planning. When you understand your tax rate, you’ll be able to incorporate that into an integrated retirement withdrawal plan. The ability to properly manage your tax bill can save you thousands of dollars. It can also dramatically improve your … Marginal vs Effective Tax Rate in Retirement Read More »The post Marginal vs ...
Posted: Oct 15 2019 @ 11:28 AM
Whether you retire, change jobs, or even get fired, you’ll have a few options for your 401k. While it is generally up to you, what happens to your 401k when you leave a company is also dependent on why you leave and how long you’ve been there. You won’t have a choice on some things. … What Happens to Your 401k When You Leave a Company? Read More »The ...
Posted: Sep 24 2019 @ 11:45 AM
If you hold a portfolio that contains stocks or equity funds, whether they are mutual funds or ETFs, then chances are you receive dividends. You probably reinvest at least a portion of them. But are reinvested dividends taxable? Reinvested dividends are generally taxable like any other dividend but that doesn’t necessarily mean you’ll incur a … Are Reinvested Dividends Taxable? Read More »The post Are Reinvested Dividends Taxable? appeared ...
Posted: Sep 19 2019 @ 2:27 PM
There isn’t a magic or standard 401k withdrawal age. You can withdraw from your 401k at any time. Of course, you’ll likely owe taxes and possibly penalties if you do. Beyond a certain age you may be required to withdraw. However, the consequences of a 401k withdrawal are very different depending on your age. Most … 401k Withdrawal Age: How Does it Affect You? Read More »The post 401k ...
Posted: Sep 04 2019 @ 12:30 PM
This article covers the mechanics of paying Roth conversion taxes. Specifically, we will look at the source of money that you use to pay the tax bill due on the conversion, as this could actually impact the amount you owe on the conversion. If you are under 59 & 1/2, paying taxes with money from … Paying Roth Conversion Taxes Read More »The post Paying Roth Conversion Taxes appeared ...
Posted: Aug 27 2019 @ 11:45 AM
As for dramatic names, the Goodman Triangle wins the competition with the moniker “Unholy Trinity of Life Insurance”. Maybe I watched too many horror movies as a kid (don’t tell my mom) but when I hear that I envision something much more sinister than a tax scenario involving life insurance. While an exorcism won’t be … Goodman Triangle – The Unholy Trinity of Life Insurance Read More »The post ...
Posted: Aug 20 2019 @ 11:39 AM
When choosing between a Roth 401k vs Roth IRA, there are a few similarities and differences you need to be aware of. It’s customary to roll Roth 401ks into Roth IRAs at retirement for better options and more control. However, Roth 401k withdrawal rules differ from the rules for Roth IRA withdrawals in several ways. … Roth 401k vs Roth IRA: Should I Roll it Over? Read More »The ...
Posted: Aug 06 2019 @ 11:30 AM


"This is one of the best, most informative personal finance web sites I've ever seen"

-- Daffy Duck, DaffyIsSoTaffy.com

"This guy clearly knows his shit; with every post, I feel like he's got my back as one of those "savers", and his web site is pretty damn cool, too"

-- Scuba Steve, MyScubaGearIsSoWet.com

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