Accessible Finance For Retirement

How can I balance my withdrawal strategy to ensure I don't outlive my savings while still leaving a legacy?

Should I consider setting up a trust or other estate planning tools to minimize taxes and ensure my wishes are fulfilled?

What are the pros and cons of gifting assets now vs. leaving them as an inheritance?

As always, we start with verifying cash flow, then look to optimize asset location, analyze how timing of gifts affects the basis, and analyze 401k vs. IRA options.

Underfunded retirement accounts, what do we do?

Should I convert 401k to Roth IRA to minimize RMD and future tax liabilities?  What strategies can I use to tax impact to heirs?

Yes, if impending RMDs will catapult you into a higher bracket, you likely want to employ a Roth conversion strategy to minimize your lifetime effective tax rate.  This strategy has the added benefit of allowing heirs to avoid paying ordinary income tax on the conversion amounts plus earnings.

This week, Rachael has cultivated various quotes from multiple sources touting financial advice and Eric weighs in on how accurate he perceives the statements to be.

If you would like us to discuss your specific scenario without providing financial advice, have seen any article or advice you'd like some feedback on, or have any general questions, feel free to write to us at [email protected].  We will anonymize your personal information.  Thanks!

This week, Rachael has cultivated various quotes from multiple sources touting financial advice and Eric weighs in on how accurate he perceives the statements to be.

If you would like us to discuss your specific scenario without providing financial advice, have seen any article or advice you'd like some feedback on, or have any general questions, feel free to write to us at [email protected].  We will anonymize your personal information.  Thanks!

This week, Rachael has cultivated various quotes from multiple sources touting financial advice and Eric weighs in on how accurate he perceives the statements to be.

If you would like us to discuss your specific scenario without providing financial advice, have seen any article or advice you'd like some feedback on, or have any general questions, feel free to write to us at [email protected].  We will anonymize your personal information.  Thanks!

This week we share our thoughts on how estate planning is incorporated with your retirement picture.

If you would like us to discuss your specific scenario without providing financial advice, feel free to write to us at [email protected].  We will anonymize your personal information.  Thanks!

How do my estate goals impact my retirement plan?

Without writing a dissertation, gifting to future generations at high levels of net worth almost certainly includes annual gift exclusions (18k in 2024) and makes Roth conversions more appealing, whereas, charitable intentions allow for more aggressive current tax avoidance. Additionally, what considerations should you have when looking for other professionals like estate attorneys, and what complexities arise with POAs (Power of Attorney) and more?

This week we share our thoughts on how estate planning is incorporated with your retirement picture.

If you would like us to discuss your specific scenario without providing financial advice, feel free to write to us at [email protected].  We will anonymize your personal information.  Thanks!

How do my estate goals impact my retirement plan?

Without writing a dissertation, gifting to future generations at high levels of net worth almost certainly includes annual gift exclusions (18k in 2024) and makes Roth conversions more appealing, whereas, charitable intentions allow for more aggressive current tax avoidance.

If you would like us to discuss your specific scenario without providing financial advice, feel free to write to us at [email protected].  We will anonymize your personal information.  Thanks!

If you have questions, topics, or a scenario of your own that you'd like us to incorporate into our podcast, please direct them to [email protected] or visit us on our website at ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠equilibriumfp.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.

This week we explore Long Term Care costs and how they may impact your financial plan.

If you would like us to discuss your specific scenario without providing financial advice, feel free to write to us at [email protected].  We will anonymize your personal information.  Thanks!

What LTC (Long Term Care) costs can you expect in retirement?

The national average stay in a nursing home is 2.3 years according to the National Care Planning Council, and local providers can cost up to 10k/month.  Assuming your stay is in line with the national average and you prefer a location similar to Lambeth House, we are talking about 280k in today’s dollars.

If you would like us to discuss your specific scenario without providing financial advice, feel free to write to us at [email protected].  We will anonymize your personal information.  Thanks!

If you have questions, topics, or a scenario of your own that you'd like us to incorporate into our podcast, please direct them to [email protected] or visit us on our website at ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠equilibriumfp.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.

This week we discuss how much your asset allocation should change in retirement.

If you would like us to discuss your specific scenario without providing financial advice, feel free to write to us at [email protected].  We will anonymize your personal information.  Thanks!

Should you hold mostly fixed income in retirement?

Not necessarily.  The unsatisfying, “It depends” applies here, but listen below for a conversation about how we think about the variables that should move the needle.

If you would like us to discuss your specific scenario without providing financial advice, feel free to write to us at [email protected].  We will anonymize your personal information.  Thanks!

If you have questions, topics, or a scenario of your own that you'd like us to incorporate into our podcast, please direct them to [email protected] or visit us on our website at ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠equilibriumfp.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.