News and Press

RichLife Advisors is dedicated to being your go-to resource for information needed to make informed decisions about all aspects of retirement. Founder and visionary, Beau Henderson, has dedicated his life to helping others plan for theirs through his many bestselling books, serving as a local and national media resource, hosting educational events, writing regular blogs, and hosting weekly radio and podcast shows.

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[NextAdvisor in Partnership with Time] If You’ve Inherited an IRA or Will in the Future, This New IRS Proposal Could Mean Hefty Taxes

Tax Planning Estate Planning

If you're the beneficiary of an inherited IRA, the IRS is proposing changes to inherited IRA rules that could have significant tax implications for you. The problem is that no one knows exactly when those changes are going into effect and the impact they will have. NextAdvisor recently published an article detailing the proposed changes and how they could possibly affect beneficiaries if they are passed into law.

[Senior Planet] Life Insurance: Forgotten Financial Tool

News & Press Income Planning Tax Planning Estate Planning

Life insurance should be a key component of your financial plan, especially for retirees and pre-retirees. For very specific goals and needs, it can be the best tool to use. It can provide tax-free income for your children and grandchildren, replacement income in the event of the death of a spouse, be an additional source of retirement income for high-net worth individuals and even help your heirs pay estate taxes.

[Senior Planet by AARP] New Rules in Estate Planning

News & Press Estate Planning

The Secure Act changed the rules for non-spousal inherited retirement accounts. Prior to its passage, beneficiaries of a non-spousal inherited retirement account could stretch out distributions from that account based on their own life expectancy. Now, non-spouse beneficiaries have 10 years to take the distributions after the original owner’s death. And, this change has created a lot of unintentional tax complications for the beneficiary. Recently I shared some of my ideas with Senior Planet about creating a distribution strategy to effectively navigate the tax brackets and avoid paying unnecessary taxes. You can learn more right here...

Two Pieces of Retirement Legislation to Watch in 2022

Income Planning Growth Planning Tax Planning Estate Planning

There are two pieces of legislation -- SECURE 2.0 and Build Back Better -- we will be watching closely over the coming months and providing updates because they will impact retirement planning in the future.

Your Year-End Financial Planning Checklist

Income Planning Growth Planning Tax Planning Estate Planning

Right now is a great time to review your year-end financial planning strategies. It's imperative to get things in order and identify areas you'd like to discuss with your financial professional. That way, you will be ready for 2022 and beyond.

[Rethinking65] 2022 Retirement Strategies that Avoid Disaster

Income Planning Growth Planning Tax Planning Healthcare Planning Estate Planning

Here's how Retirement Planning Advisors can help their clients avoid big mistakes in 2022 by preparing intentional and proactive plans.

News and Press

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