For many pre-retirees their retirement plan consists of one major question. Do I have enough to retire and not worry about running out of money? It is an important question to answer and have a detailed discussion with your financial advisor about. But there is a lot more that should be planned for and discussed surrounding what your retirement years will look like.
On this week's episode of Minds Over Money, I go over 3 headlines from last week that directly impact the economy as well as potentially impacting your own investment portfolio. [16:01] And this week’s financial planning topic is the three phases of retirement, what to expect and how to plan for future expenses.
Your lifestyle will change when you retire. From your routine to your hobbies to your money, you will see a significant shift in the operation of your daily life. One thing that will not change however, is paying taxes.
On this week's episode of Minds Over Money, I go over 3 headlines from last week that directly impact the economy as well as potentially impacting your own investment portfolio. [9:13] And this week’s financial planning topic is taxes in retirement, how to know what you’ll owe. Plus, the tax liability of the 4 different sources of income in retirement.
The Boy Scout motto, Be Prepared, is always good life advice. With all things, including your finances, having a plan in place always makes the surprise curve balls life throws at us more manageable.
On this week's episode of Minds Over Money, I go over 3 headlines from last week that directly impact the economy as well as potentially impacting your own investment portfolio. [11:10] And this week’s financial planning topic is “Be Prepared”, how having a financial plan in place today can help make sure you are able to live your dream retirement.