Retirement can come with a lot of tax questions and concerns. From understanding the tax implications of withdrawing from your retirement accounts to minimizing taxes on investment income, it can be overwhelming. On today’s episode, we’ll break down the top ten tax questions retirees are asking in 2023. Before you file your 2022 taxes and plan ahead for the rest of the year, make sure to listen to this episode as we’ll discuss some important...
Liz Whitteberry |
Retirement is a big change of pace. So much of your daily routine is built around work, and when that goes away, it can be difficult to figure out how to keep yourself busy with all that free time. In this episode, we’ll discuss the six types of retirees and how they fill their time.
Another year is upon us and it’s a great time to ask yourself 10 questions to assess how ready you are for retirement to kick off 2023. If you’re retiring this year, it’s essential to have some concrete answers to these questions. In this episode, Liz will share this 10-point checklist and explain how each item might impact your retirement. If you’re still a few years from the milestone, tune in so you can start thinking about these critical conversations.
Did you plan to retire in 2023, but now you’re second guessing if that’s a wise move given the bad year in the stock market in 2022 and an uncertain economy in the months ahead? You’re not alone if you’re reconsidering your original retirement date. On this episode of Retire On Your Best Path, Liz will tell us about how these conversations are playing out in her office with clients and she’ll detail the pros...
Market volatility became the norm in 2022. The question investors are asking now is are we in for more of the same in 2023? In this episode, we’ll talk about the market outlook for the next 12 months, plus share tips on how you can best prepare for potential future volatility. Here’s some of what you’ll learn in this episode: What predictions are the experts making for 2023? (1:46) We all have to be very...
Liz Whitteberry |
Now that Congress just passed the Secure Act 2.0, we wanted to talk about what changes you can expect. Some of these provisions start now while others won’t be implemented for years. Either way, it is good to understand what is happening and keep these changes in mind for the future.
Is the 60-40 portfolio dead? The 60-40 portfolio has been used for many, many, years to diversify a person’s bonds and stock portfolio. Over the last few years, market changes, interest rates, and inflation have had people questioning the rule. So, today we will be taking a look at whether or not we should still be using it and what alternatives there are. What is the 60-40 rule? (1:45) What is a better alternative to...
Liz Whitteberry |
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What is your number? You know, that number you have had in mind that means retirement is on the horizon?
Liz Whitteberry |
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You may or not be a football fan, but we’re sure you’ll benefit from learning about the red zone in retirement. In the game of football, the red zone is the last 20 yards before you score. In retirement, the red zone is the last five years before you retire, and the five years after.
Best Path Advisors |
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Health Savings Accounts have become increasingly more popular over the last ten years, and rightfully so. They are an excellent resource to have as a retiree and we even joke that an HSA is a “Super Roth” (Spoiler Alert: it’s triple tax-free). In this episode, we will explain the exact tax advantages of an HSA. We will also show you how you can get the most out of your HSA as you approach retirement. Listen...
Best Path Advisors |
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As we mentioned in our last episode, Roth conversions have become a popular strategy and there are plenty of good reasons to do one. What about the reasons NOT to? In our last episode we went over reasons to do a Roth conversion, but today we will be going over reasons you may not want to do one. There are many tax-related factors that come into play when making this decision. We review some examples...
Best Path Advisors |
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The Roth conversion is a planning strategy that’s picked up more and more interest in recent years. There are many reasons behind its rise in popularity, and now is a great time to have a discussion with your advisor about whether it might be right for you.
Best Path Advisors |
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You know about the many different types of risk that investors face but there’s one that might have a big impact on whether you run out of money in retirement that you might not know about.
Best Path Advisors |
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Before we really hit the ground running into the financial and retirement topics that matter the most, we wanted to spend a few minutes laying the foundation for the podcast.