More and more homes are becoming multigenerational. Young adults are moving back in with their parents (known as Boomerangs) and adults are moving in with their aging parents. The main reason for this living arrangement is financial. We discuss the findings from a recent study about this and talk about our real-life experiences and strategies with multigenerational living.

Does it make financial sense to delay Social Security if you need to withdraw from your retirement to cover expenses while you wait? On paper, delaying Social Security until age 70 makes financial sense for many. However, does it really benefit you to withdraw early from your retirement funds while you delay filing from Social Security from ages 62 to 70? Listen in as we tackle this complex problem.

Social Security is a very misunderstood financial tool. People are not sure how Social Security works, how benefits are determined, how to claim off a spouse, or simply when to claim. In this show we reference a recent study about how little Americans know about this massive program. We also share the top three concepts about Social Security that everyone should know and understand.

There are many financial risks people face in retirement. Some risks are more likely to come into play than others. In this show, we talk about five major risks retirees face. We also review some recent research that compares what people subjectively think about the risk to the objective reality of the same risk. In other words, do people overestimate or underestimate the risks they face in retirement?

Many people consider moving outside of the US to retire in order to reduce their cost of living. What about staying in the US territory of Puerto Rico? In this show we discuss the tax advantages to living in Puerto Rico. We discuss how income is taxed, including Social Security. Does it make financial sense to call Puerto Rico home during your retirement years?

The year 2022 has been quite volatile in the financial markets. Has this changed our attitude about retirement? In this show we explore a recent survey about what savers and employers are feeling when it comes to retirement. You might be surprised what people want as part of their retirement plans.

How can you retire when the financial markets are in turmoil? Should you retire during such a volatile time? In this show we discuss three key considerations or tips for people looking to retire when the financial markets are more volatile than usual.

In the year 2033 there may be a 24% shortfall in Social Security payments. How can we fix this potential situation? Either we increase taxes, reduce benefits, or combination of both. In this show we get into very specific proposals for how to get Social Security back on track.

If you had money to invest right now, where should you consider putting it? With current turmoil and uncertainty, it seems like a difficult question to answer. In this show we discuss the many options on where to invest your money. The top suggestion in the end may really surprise you...

When you retire, which account should you pull from and when? Conventional wisdom suggest first withdrawing from taxable accounts, followed by IRAs, and then lastly from Roth accounts. Is this conventional wisdom correct? Is there a strategic way to withdraw your retirement income in order to maximize income and minimize taxes? Are there other considerations?