If you’re like most people, you believe there’s a great deal of truth in the old adage that history tends to repeat itself more often than not. That’s an important…
Category: Blog
![So You're Retired - Now What?](https://www.summitgp.com/wp-content/uploads/2015/12/dollar-currency-money-us-dollar-47344-1160x508.jpeg)
So You're Retired - Now What?
Most qualified retirement plans offer significant tax benefits – if you’re willing to follow a few IRS-specified rules, that is. The federal government wants to make plans such as 401(k)s,…
![How Social Security Works](https://www.summitgp.com/wp-content/uploads/2014/05/Social_Security-880x508.jpg)
How Social Security Works
The Social Security program was signed into law in 1935 after the nation had endured more than a half-decade of the Great Depression. It was intended to provide a safety…
![Retirement Expenses](https://www.summitgp.com/wp-content/uploads/2014/05/Retirement_Expenses-880x508.jpg)
Retirement Expenses
How Living Expenses Change During Retirement There are some upsides to being a retiree – senior discounts, lower taxes, subsidized healthcare, and regular Social Security checks among them. On the…
![Bridging The Income Gap](https://www.summitgp.com/wp-content/uploads/2015/07/income_gap-880x508.jpg)
Bridging The Income Gap
Social Security was never designed to be an individual’s sole source of retirement income. Instead, it was meant to bridge the gap between people’s income from pensions and savings and…
![IRA Conversions](https://www.summitgp.com/wp-content/uploads/2015/09/IRA_Conversions-880x508.jpg)
IRA Conversions
The Roth IRA offers a number of advantages over its traditional counterpart. These include: Tax-free distributions at retirement Ability to continue making contributions beyond age 70-1/2 No required minimum distributions…