Clinton Township Newsletter

5 M a r c h 2 0 1 7 Optimizing After-Tax Retirement Income WWW.OTWEALTH.COM Clinton, NJ Blue Ash, OH 1.800.216.0316 Optimized Transitions INDEPENDENT INVESTMENT COUNSEL FREE EDUCATIONAL LUNCHEON Hosted By: Thursday, March 16th at 11:00am HealthQuest, 310 State Route 31, Flemington Designing A Multi-Year Optimal After-Tax Retirement Income Stream That Incorporates The Timing And Source Of All Income Produced By: COMPLIMENTARY LUNCH FROM MATT'S RED ROOSTER LIMITED SPACE! RSVP to Admin@OTWealth.com SOCIAL SECURITY: When Should A Beneficiary And Spouse Start Payments? What Is The Social Security "Tax Torpedo"? Required Minimum Distributions At 70: Estimated Amount Of RMDs And The Effect On Annual Marginal Tax Rates Planning Today For Wealth Transfer To Children In The Future: The "Stretch IRA" Concept And Controlling Annual Withdrawals Made By The IRA Beneficiary Taxable Accounts: Managing The Timing And Amount Of Money Distributed From Taxable Accounts For Tax Efficiency Incorporating All Other Sources Of Income ROTH Conversions: When Does A Roth Conversion Make Sense? What About The Uncertainty Due To Election Results? Proceed With Caution: Our Concerns With Retirement Calculators, Monte Carlo Simulations And Return Assumptions 33 Old Highway 22, Clinton, NJ 08809 www.kristophermark.com • 908.735.9695 Tues – Fri 10-6; Sat 10-3; Closed Sun & Mon We're More Than Exquisite Designs, We're Your Full-Service Jeweler for: • Custom Designs • On Premises Repairs • Appraisals • Watch Repair • Antique Jewelry Restoration • Pearl and Bead Stringing o p t I m I z I n g a F t e r - t a x r e t I r e m e n t I n C o m e : F r e e e d u C a t I o n a l l u n C h e o n According to a 2016 Study from the Urban Institute, life expectancy for both men and women is increasing. In an interesting twist, the study also found that the gender gap in life expectancy is shrinking. Now that we may all live longer than we expected, how can a couple devise a plan to fund their expenses for (hopefully) the next 30+ years? A couple close to or in retirement should construct a multi-year Optimal After-Tax Retirement Income stream that incorporates the timing and source of all income produced by Social Security Elections, Retirement and Taxable accounts. The analysis should account for Wealth Transfer Goals and Age Factored Enjoyment Thresholds ("I may get more in the future but I will enjoy it more today"). There are also many intertwined tax ramifications and choices like ROTH conversions that need to be analyzed and modeled for efficiency. Optimized Transitions will be hosting an educational luncheon on Thursday, March 16 at 11:00 am at HealthQuest. We will review the process for "Optimizing After-Tax Retirement Income". Please join us afterwards for a catered lunch by the fine folks at Matt's Red Rooster! Limited space available. Please RSVP to: Admin@OTWealth.com. d o n ' t m I s s b o Y s C o u t t r o o p 2 8 8 ' s 1 6 t h a n n u a l s pa g h e t t I & m e at b a l l d I n n e r ! Help support local Boy Scout Troop 288 and enjoy a delicious meal! Sunday, March 26, 4:00 pm - 7:00 pm at: Annandale Reformed Church, 2 West Street in Annandale. Dine In, or Take Out! Tickets Available at the Door. Adults: $10 | Seniors: $9 Children ages 5 - 12: $6 Kids 4 and under: Free! h a r v e s t F a m I l Y s u C C e s s C e n t e r I n t r o d u C e s " a b o o k C l u b F o r g I r l s " The Harvest Family Success Center (FSC) is introducing a new club to the Center: A Book Club for Girls! A Book Club for Girls is for girls in grades 4 through 6 who enjoy reading and talking about books, doing fun activities and socializing with other girls. The program will be led by Jordyn Moscowitz, a 7th grade student who attends J.P. Case Middle School. It will be held at the FSC, located at 87 Park Avenue, Flemington on the following dates from 4:00 – 5:00 pm: 3/1, 3/8, 3/15, 3/22, 3/29, 4/4 Not only is the new FREE Book Club great for girls who love to read, it's a fun and relaxing way to meet other girls from the community. If you have a child who is interested in being part of "A Book Club for Girls", please call the FSC at 908.237.0465 to register. All girls who participate will receive copies of the book selection entitled, Pictures of Hollis Woods by Patricia Reilly Giff. About the FSC: The Harvest Family Success Center (FSC) is a statewide network administered by Hunterdon Prevention Resources (HPR) with funding from the New Jersey Division of Family and Community Partnerships. The mission of the FSC is to provide a welcoming family-friendly environment to all county residents in order to strengthen and empower individuals and families through collaborative family-centered activities, educational workshops, and access to resources to acquire knowledge and skills needed to maintain healthy family relationships. For more information about the FSC, contact us at: 908.237.0465 or visit our web site at: www.hcfsc.com or Like us on Facebook at: www. facebook.com/hcfsc.

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