Fred reminds us that, even though you may choose to work in your seventies, there are still retirement planning considerations.  Among those are how it will work with your RMDs, Social Security claiming strategies, and how working could impact your tax situation.  He also addresses the fear of running out of money in retirement with moves to consider in order to help make your money last.  Those include creating a floor, bucketing your money, making systematic withdrawals, and using account sequencing.

You can reach Fred Saide by calling 800-593-8188.

Money Matters USA

See omnystudio.com/listener for privacy information.

Fred stresses the need to make sure you stay on track with your retirement savings in the financial red zone and offers solutions to avoid the obstacles.  Those include inflation, stock market volatility, unexpected expenses, and debt.  He then offers detours around those roadblocks that could keep you from your retirement target date.

You can reach Fred Saide by calling 800-593-8188.

Money Matters USA

See omnystudio.com/listener for privacy information.

Fred covers the approach you should take regarding tax strategies in retirement.  This includes connecting taxing with outflow as well as income, spending down traditional IRAs, and the consideration of Roth conversions and contributions.  He offers good spending habits to help stretch your retirement budget.

You can reach Fred Saide by calling 800-593-8188.

Money Matters USA

See omnystudio.com/listener for privacy information.

Fred welcomes Joe Peters of Joe Peters Real Estate.   The conversation centers around the state of real estate nationally, statewide, and locally.  Joe talks about the effects of higher interest rates and much more in a thorough conversation on real estate.

Fred Saide is a fiduciary who specializes in retirement strategies.  You can reach Fred Saide by calling 800-593-8188.

Money Matters USA

See omnystudio.com/listener for privacy information.

Fred looks at strategies to have in place when you first retire.  He covers the adjustment period, prioritizing expenses, continuing to save, having a Social Security Strategy, and seeking out professional help.  Then he moves into some things to consider at the end of the year including maximizing your 401(k), IRA, Roth, and Health Savings Account savings and looking at strategic tax moves.

You can reach Fred Saide by calling 800-593-8188.

Money Matters USA

See omnystudio.com/listener for privacy information.

Fred goes over some good things to consider and some things to avoid in your retirement planning process.  He urges having a good philosophy and knowing that it needs to evolve with you.  He cautions against questioning your plan during volatility, expecting to outperform the market, and letting you biases get the best of you.  He then expands on some of the observations of Morningstar’s Christine Benz.  That includes paying close attention to the timing of your strategies, not getting too aggressive in trying to make up for time, and using good withdrawal strategies.

You can reach Fred Saide by calling 800-593-8188.

Money Matters USA

See omnystudio.com/listener for privacy information.

Fred talks about the announced Social Security Cost of Living Adjustment for 2023 pointing out that it is the highest in forty years but also that inflation is as well.  He discusses how this high inflation, volatility, and rising interest rates must be factored when planning for retirement.  He looks at solutions such as planning for inflation in your other retirement income streams, preparing for out-of-pocket health care costs, and building good tax strategies.

You can reach Fred Saide by calling 800-593-8188.

Money Matters USA

See omnystudio.com/listener for privacy information.

Fred cites results of a J.D. Power study that revealed some pitfalls of utilizing digital resources in planning your own retirement.  He breaks down the advantages and, in his opinion, the necessity of working with a professional to build and maintain your retirement.  He also goes over some of the “curveballs” of retirement in the form of unexpected expenses.

You can reach Fred Saide by calling 800-593-8188.

Money Matters USA

See omnystudio.com/listener for privacy information.

Fred discusses reasons why some may decide to or need to delay their retirement start date.  Reasons include having not saved enough, not accounting for taxes, relying exclusively on Social Security, and sequence of returns risk.  Fred then shows how we need to factor in longevity to avoid some risks that can come with that including too much risk, outdated withdrawal strategies, and improper rollovers.

You can reach Fred Saide by calling 800-593-8188.

Money Matters USA

See omnystudio.com/listener for privacy information.

Fred tackles ways to handle inflation in retirement.  Topics include examining your budget and spending patterns, drawing on cash, and taking a deep dive into your portfolio.  He then moves into steps to help you maintain your lifestyle in retirement such as determining when you want to retire, assessing your income streams and expenses, and adjusting for inflation.

You can reach Fred Saide by calling 800-593-8188.

Money Matters USA

See omnystudio.com/listener for privacy information.