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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[US News and World Report] Should You Consult a CFP or CPA to Plan for Retirement?

Have you ever wondered if there's a difference between a Certified Financial Planner (CFP) and a Certified Public Accountant (CPA), and which one you should consider working with to help you plan for retirement? This US News and World Report article provides an in-depth discussion about their different areas of specialization and how they can work together in a complimentary manner as part of your retirement planning team.

[CNET] How Young Retirees Sidestep Early 401(k) Withdrawal Penalties

News & Press Income Planning Tax Planning

Want to retire early? A Roth conversion ladder allows you to sidestep the hefty early withdrawal fees that come with 401(k)s and other retirement accounts.

[Forbes Advisor] What Is A Retirement Income Certified Professional (RICP)?

News & Press Income Planning Tax Planning Healthcare Planning Estate Planning

Since there aren’t many do-overs when it comes to your retirement income, the most important thing is that you are confident that your financial advisor has the training and skills to help you maximize your income while reducing your tax liability so you have enough money in the decades following your retirement. If you're within 10 years of retiring, you'll benefit most from working with an RICP. The earlier you engage an RICP inside that window, the better. Not sure if you should change advisors? This article in Forbes Advisor details the differences between CFPs, CRPCs and RICPs and how they can help you make sure your hard-earned savings last as long as you do.

[Senior Planet from AARP] Year-End Tax Strategies

News & Press Tax Planning

There have been quite a few recent changes to tax laws that have had a big impact on retirees, and even more are coming down the pike. I KNOW this is busy time of the year for everyone! Regardless, you have got to make an appointment with your accountant and financial planner before the end of the year to make sure you're taking advantage of the best year-end tax strategies for your situation -- now and in the future. Here are five solid tax considerations for seniors and retirees...

[Senior Planet from AARP] Tips for Charitable Giving

News & Press Income Planning Tax Planning

A Qualified Charitable Distribution could be helpful if you are taking RMDs to reduce your taxable income. With a QCD you are making a donation to the charities of your choice directly from your IRA. This strategy both deducts the amount donated to your charity from your taxable income and meets the requirements for your required minimum distribution RMD.

[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.

News and Press

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