I want to tell you a little bit about a Godfather offer that you might be interested in. I’ve called it the Start My Retirement Process.
It is a simple 3 step process that will show you what you need to do to secure a comfortable retirement, without worry, stress, or paying too much in taxes.
One of the most underappreciated parts of reviewing your financial life has to do with things that we’d rather not think about. After all, how many of us actually want to contemplate our death or significant disability. In addition to that, as humans we tend to always say to ourselves, even if subconsciously, “Yeah, that terrible accident happened to them, but that won’t happen to me.” Or, “That cancer diagnosis happened to them, but it won’t to me.” And on…
We’ve all heard the adage “buy low, sell high” when it comes to stocks. But with the stock market reaching new highs repeatedly, you may be wondering whether or not it’s a good idea to invest right now, which is a completely valid question. Investing by my definition should be a strategic, long-term endeavor. So when we talk about investing in today’s episode, we are NOT talking about money that you’ll need in the next 3 months, 1 year, or…
Last week we covered what’s going on with inflation, and why it’s so high right now. We also covered the importance of making sure that inflation doesn’t have a negative impact on your retirement. Since inflation is often underestimated when it comes to your retirement, I wanted to discuss 4 strategies that you could use to make sure that you have a comfortable retirement for 3 plus decades, without having to cut back in significant ways later on in your…
Inflation is one of the biggest risks when it comes to your retirement. Why is that? Because if inflation is too high (in proportion to your investment returns), then inflation will eat away at something called your purchasing power. So over time, your purchasing power will decrease, year over year, ever so slightly. But over time, and especially 2-3 decades, you will feel it in your budget. In simple terms, the hundred dollars you own today has more worth than…
Before we get started, let me state that this post on annuities will be general in nature, and will not cover every single detail of them. They are simply too complex to cover everything in this post. Also: I am NOT recommending them. And you should absolutely work with an independent, objective financial professional (who won’t receive a commission from a sale) to discuss whether one of these products is right for you. With that out of the way, the…
Using Dynamic Distributions For Your Retirement Income As we’ve been discussing in our series of retirement income, there are so many different ways that you can generate income in retirement. You have annuities, reverse mortgages, rental real estate and things like the 4% rule which govern how you can distribute money from your traditional stock/bond portfolio. Today, I want to cover additional strategies that will give you guidance on how much money you can take from your investment portfolio. Last…
Most people have two major concerns about their retirement – whether they have saved enough and running out of funds. Planning ahead of time is essential when it comes to the amount of money you have in your retirement fund when the time comes. But, it’s equally important to plan your withdrawals ahead of time to make sure you’re not going through your funds too quickly. While figuring out how much to withdraw can seem overwhelming, tools like the 4%…
As you can imagine, it’s really impossible for me to give recommendations on what you specifically should do, especially when we get into the details of your retirement income. So what I’m going to do today is talk about something that I get asked about often, which is: Should we keep, or sell, our rental real estate in retirement? In today’s post, I’ll go through the pros and cons of having rental real estate as a way to generate income…
We are continuing our series on retirement income. One method that is often discussed, and draws really strong opinions, is getting a reverse mortgage. While reverse mortgages can be helpful, they can also be risky. Before you decide to get a reverse mortgage, it is important to understand exactly what you are getting into and how it can affect your financial future. What Is a Reverse Mortgage Reverse mortgages are essentially a type of cash-out refinancing, allowing you to turn…