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.

In this episode we give a general overview of Medicare and how to plan for health care 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!

Is Medicare completely free, and how does it work?

You will have to pay for Medicare Part B based on your income as well as Part B and D supplements offered by private insurers.  Listen or watch the podcast for more.

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.

In this episode we discuss withdrawal strategies during retirement and the factors that should be considered.

How is my income going to be provided during retirement, and is there anything I can do to optimize my tax situation?  Also, is it possible for Eric to work Roth conversions into every episode?

We explore the various withdrawal strategies and the impact that tax planning has in pre-retirement as well as early retirement years, before Social Security elections and RMDs (Required Minimum Distributions).  Also, yes, we absolutely discuss Roth conversion ladders to fill lower marginal brackets in early retirement years.

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.

Our next few episodes will focus on retirement planning.  In this episode we attempt to answer one of the most fundamental questions clients ask financial advisors, “When can I retire?"

Am I on track for retirement?

While this question is highly individualistic and heavily dependent on your spending, we share the way we think about answering this question for clients.

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!

Does maxing out 401k deferrals (23k in 2024) guarantee sufficient retirement funding? The short answer is usually...no. How can you maximize your contributions to ensure you are contributing in the best way possible? What if you contributed and want to change the classification to a Roth contribution? What are pro-rata in aggregation rules and how might they affect your taxes?

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.

If you are interested in a free, personalized assessment of your financial situation, please head here:

⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://equilibriumfp.com/free-assessment⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

If you would like to reach out via phone for a complimentary 15-minute discussion, please call 504-229-2494.

What expenses should you be tracking throughout the year for state and federal tax purposes?

Child and dependent care credit 

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.

If you are interested in a free, personalized assessment of your financial situation, please head here:

⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://equilibriumfp.com/free-assessment⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

If you would like to reach out via phone for a complimentary 15-minute discussion, please call 504-229-2494.

This week we discuss the FIRE movement and what special considerations apply to individuals fortunate enough to find themselves in that position.

Why would I care about a Roth conversion ladder, 72t election, or the location of my tax deferred funds (401k vs IRA)?

In short, FIRE adherents will need earlier access to dollars and should be aware of these planning tools available to them.

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.

If you are interested in a free, personalized assessment of your financial situation, please head here:

⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://equilibriumfp.com/free-assessment⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

If you would like to reach out via phone for a complimentary 15-minute discussion, please call 504-229-2494.