Each weekly episode covers what is required to retire successfully and stay retired. Retirement is not a one size fits all. I focus on the three core considerations: longevity, certainty, and probability. I dig down each week to explore the components of the three categories indicated above. I also cover some of the overlooked issues such as taxes in retirement. the problem of frailty, health care costs and long tern care costs. I look at the estate planning , beneficiary directions, and effective strategies to produce income over one or two lifetimes and leaving a legacy. Each podcast takes questions from listeners of the live radio broadcast as I try to provide insight into the questions without providing advice to people I do not know.
Fred Saide is interviewed by Milton Paris on NJ station 1450 AM and 93.5 FM, Fox Sports NJ. Fred discusses the failure of many retirees to consider the cumulative impact of federal and state income taxes on income they withdraw from their retirement accounts. Fred also discusses some straight forward advice from the famous and not so famous people as their advice relates to retirement planning.
People in retirement or planning to retire in the near future, some transitioning to the post-work life have greater concerns about their investments than ever before. You shouldn't let outside forces you can't control overwhelm your ability to prioritize, adjust, and invest wisely. We have some tips. Call it financial Xanax.
My first appearance on Fox Sports New Jersey on the Milton Paris Sow, Getting Ahead in Business
Creating income in retirement is one of the main goals. The good news is we have some ideas for you to consider. After turning age 50, it's time to start rethinking the way you've always done things. Some suggestions.
We're still feeling the impact of Covid-19. If you have retired or are near retirement and still feeling unsettled we'll offer some tips on retiring well and staying retired successfully.
If you're in your 50's you've probably got plenty going on in your life and retirement may not be front of mind. Today we'll highlight some things you should keep in mind as you will eventually head to retirement.
Today we discuss four considerations, "rule" if you will that will make your retirement work out better if you think about them before you start on the journey.
Divorce rates in the US are increasing for people over age 50. Today it is one in four, 25% of those married over age 50 divorce. Today we will talk about mistakes to avoid when divorcing after age 50 and offer tips to keep your retirement on track.
The SECURE ACT 2.0 has bipartisan agreement although temporarily on hold due to the argument over spending in the Halls of Congress. There is broad agreement to pass The SECURE ACT 2.0 which will happen either in late 2021 or during 2022. So, what could it mean for those planning for retirement? Today we will show some ways the proposed changes will impact retirement.
Continuation of the episode
We look forward to retirement as a time to enjoy our days, family, and doing the things we want to do. Just one thing: in order to make that happen there are still some rules to follow.
Financial decisions may impact your income and taxes at certain retirement milestones. A key milestone is the window between between your retirement date and the year you start taking required minimum distributions (TMDs). Fred discusses some of the key issues.
Roth IRA or Roth 401k? Both? Does a Roth fit you? If yes great. If not then some other things to consider.
What are you going to do in retirement? Finding creative and resourceful ways to prepare for retirement is an important part of the process. Many people just don't take the time needed to plan out their retirement and think they can wing it when they get there. No one should think they can just make it up as they go along....
Saving money is a good start. There is more than just saving. How much you need, how it will be harvested, and how long you will live are all very important. Let's consider some areas that can help your retirement be successful.
We often talk about the importance of a written financial and income plan for a successful retirement. If you're in the financial red zone that plan is critical. Some tips to help you get there.
If you have a solid retirement and income plan in place then now is the right time to check the boxes to make sure it's in the best possible shape to help you get on the right track and keep you there.
Women save less than men. Saving for their retirement is important yet women face many challenges in building a retirement fund. Women have fewer working years. That makes planning and saving for retirement a serious challenge for...
While having enough money is important there are other considerations such as striving for income and minimizing federal income taxes.
Because our tax code is very progressive planning for taxes is a key piece of the retirement puzzle. Avoiding increasing your tax liability will prevent your income from being reduced and it will also prolong the duration of your portfolio assets.
A successful retirement is about more than money. It ...
There are some exceptions embedded in the tax code that makes the Roth IRA a treasure before and during retirement. Let's break it down.
Women usually outlive men. Women's relationship with money has evolved-but could be better. A longer life means financial complexity. A survey by the wealth management division of USB found 85% of women manage everyday expenses but only 23% take the lead when it comes to long term financial...
The new year is a great time to take a look at your retirement plan and make sure the plan is a go. On this episode we've got some tips that could give your plan a tune up.
Any Tax Deferred Account (TDA) is a partnership with the US Government. You are the dominant partner because you select the investments. The US Government is the junior partner because it shares in your gains in the form of taxes. We all have to pay our taxes...
Some of these tips will sound familiar and some will sound new. Thanks to the Pandemic all ae considered essential and perhaps you should get started right away.
See where you are. Are you a "do it yourselfer?" (DIYS) Nothing wrong with that. It does require time and discernment to figure out what is helpful and what is of no value to you. When do you need an advisor.
If not then we have a service which may be of help to DIYS...
Living longer is good. Retirement today can last as much as 40 years. With the right plan longevity is a blessing, a life well lived and enjoyed. Still, there are things to be considered. Five risks to be aware of.
When you get close to retirement, there are loose ends to tie up and one of the biggest is making sure you have an income when the paycheck stops. Let's talk about some strategies to make sure you are taken care of fi...
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