Do you have a well thought out written plan that connects your family values with your resources and ensures you can live the retirement you want to live while leaving the legacy you want to leave. Whether you already have a plan, or you're looking to create a plan, you'll want to know some common mistakes you should avoid. Join us today as we’ll run through an important list of seven mistakes that you want...
Are you financially prepared for retirement? Many individuals near retirement age find themselves facing uncertainty when it comes to their income plan. In this episode, we explore the importance of a well- constructed retirement income plan and why it's often overlooked. Listen in as Liz shares insights on the complexities of retirement income planning and the dramatic shift from saving and accumulating wealth during one's working years to creating a sustainable income stream in retirement...
In a digital world filled with evolving cyber threats, protecting your financial well-being has never been more crucial. Following the recent data breach involving the “MOVEIt” software program, Liz and Marc discuss 7 practical ways to shield yourself and your family from the increasingly sophisticated tactics of hackers. From safeguarding your credit bureau information with security freezes to using private emails solely for financial matters, we explore actionable strategies that empower you to be proactive...
Retirement planning often focuses on numbers, and while this is crucial, it's just one part of the equation. A fulfilling retirement is also about having something to retire to - a clear sense of purpose, a social circle, and activities that bring joy and fulfillment. Taking a look at a Kiplinger article, Liz and Marc discuss seven habits for a happy retirement in this episode. Tune in as we discuss staying healthy, maintaining optimism, practicing...
There are plenty of decisions that you’ll make in the retirement planning process that can’t be undone, so you want to make sure that you make the right call. In this episode, Liz and Marc will explain why these decisions are so important and can’t be undone and provide guidance on making informed choices from the start. The episode will cover various financial decisions that have a substantial impact on your retirement, including determining when...
Tune in as Liz explains the importance of being financially prepared so that you can make decisions based on choice rather than obligation in retirement.
Research tells us that rebalancing once a year is sufficient. Sometimes people will think about rebalancing more often, but that that can create more of a drag than you need on your portfolios.
If you're approaching retirement, you're likely finding that there is much to think about when planning your retirement withdrawal strategy. Today, Liz and Marc talk about 3 common mistakes you should avoid to get the most out of your retirement savings. Join us as we dive into some popular portfolio strategies that are now a bit outdated and may not work for everyone. We’ll kick off this episode by discussing the importance of understanding your...
Beneficiaries play a crucial role in a carefully planned retirement strategy. Although naming beneficiaries may appear straightforward, there are certain aspects of this process that are easy to overlook if you’re not careful. Failing to handle these aspects correctly could cost you and your loved ones dearly in the future, so in today’s episode, Liz will cover the essentials of this planning process. Join us and learn how to avoid these potential complications. We will...
Welcome to part 2 of our talk about this year’s top Social Security myths. In part 1, we talked about the myths surrounding benefits for stay-at-home moms, taxes and whether the Social Security Administration can really help you make decisions. On today’s show, we’ll talk about when to claim benefits, whether you can work and still claim benefits and more. There are a lot of misconceptions about Social Security out there, and we’re here to...
Have you ever wondered if the Social Security system will run out of money before you retire? Or if claiming benefits as soon as you're eligible is the best decision for your financial future? In this two-part episode, we'll debunk the most common myths about Social Security. Unfortunately, there are a lot of misconceptions about Social Security out there, and we’re here to set the record straight. Tune in and learn the truth about this...
If you’re planning to leave your wealth to your children and grandchildren, should you also make gifts to them throughout your lifetime? With the Tax Cuts and Jobs Act expiration on the horizon, we’ve had several questions about this recently. Today we’ll talk about some important things you should think about when considering lifetime gifts. In this episode, we’ll explore the benefits of lifetime gifts, including how they can reduce your tax burden and provide...
Whether you’re a beginner or an experienced investor, it’s important to be aware of potential pitfalls that could derail your financial plan. On this episode, we’ll cover some of the top rookie mistakes we see people make, illustrate how to avoid them or how to fix them if you’ve already made some mistakes in your financial life. It’s easy to get sucked into investment trends that do not align with your future goals, make emotionally...
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...
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...
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.
Because everyone has an estate, everyone needs an estate plan. That can be simple or complex, depending upon your needs, but everyone needs to at least have a plan for their situation.
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...
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.
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...
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...
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.
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.
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.
