income - Wiegand Financial Group

The 4% rule isn’t really a rule at all…

Like many rules of thumb, the 4% rule is not as reliable as people think

While the 4% rule may serve as a starting point, there's no one trick that will guarantee the longevity of your nest egg. Read more

Is a tax deduction or a tax credit better?

tax credits are direct savings, while tax deductions just reduce your taxable income

Tax deductions and tax credits will both save you money... but there is a big difference between the two Read more

How to make early retirement withdrawals without paying a penalty

The SEPP method (substantially equal periodic payments) offers several options for early retirement withdrawals. Read more

Predict your returns with this one weird trick!

Despite its simplicity, the rule of 72 can be surprisingly accurate for predicting returns

The one analysts don't want you to know about... (ok, they don't actually care. But it's still a great hack). Read more

Sequence of Returns: The Secret Trap for Your Portfolio

A good sequence of returns early in retirement can make all the difference to the longevity of your portfolio – and so can a bad one. Read more

401(k) versus IRA – why should you care?

Differences between 401(k) and IRA accounts include administration, loan policy and contribution limits

One of the biggest questions about retirement prep is “what’s the difference between a 401(k) and an IRA?” So I figured I'd drop a line about it here. Read more

Using Sequential Withdrawals to Maximize Retirement Income

Retirement planning doesn't necessarily stop after you're retired – your sequence of withdrawals matters just as much as your savings Read more

Have you been procrastinating on taxes?

reporting Covid stimulus money on Form 1040

Among all the other confusion of the last year, you may still be wondering if your stimulus check counts as taxable income. Read more

The Blog at ​​​Wiegand Financial

The Blog at Wiegand Financial