Fred discusses good retirement practices and what to be aware of to make sure your money lasts in retirement.  The conversation includes the consideration of longevity risk, having a savings safety net, and understanding inflation, diversification, and having the right asset allocation.  Fred then looks at the need to take a holistic approach in retirement planning in considerations outside of financial such as your health, your fitness, your purpose, and having fun.

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

Money Matters USA

See omnystudio.com/listener for privacy information.

Fred covers safe withdrawal rates in retirement and how to determine your own.  He also warns of required minimum distribution mistakes to avoid such as missing an RMD, taking it at the wrong time, withdrawing the wrong amount, not realizing that rules differ between IRAs and 401(k’s), not taking from Roth 401(k’s), and not understanding the rules if you are still working.

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

Money Matters USA

See omnystudio.com/listener for privacy information.

Fred looks at tax challenges in the future for those who have saved in tax deferred accounts.  He also offers strategies to implement to meet challenges such as snowballing required minimum distributions, Medicare means testing, and the elimination of the stretch.  He looks at Roth contributions and conversions as good strategies to consider.  Fred then discusses rising interest rates and how they, like inflation, could present a threat to your retirement.

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

Money Matters USA

See omnystudio.com/listener for privacy information.

Fred covers five critical mistakes to avoid in retirement planning and retirement life.  These include lack of longevity risk, inflation, and healthcare cost protection, having poor risk allocation, and even not planning on how to fill your free time.  He then moves into things you can do with excess money in retirement to help your loved ones, your charity, and yourself with taxes.

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

Money Matters USA

See omnystudio.com/listener for privacy information.

Fred covers some of the questions frequently asked by pre-retirees such as factoring inflation in your plan, how much you need to maintain your lifestyle in retirement, how big of a risk is longevity, and how to plan for out-of-pocket health care costs.  He then moves into alternatives to long term care insurance when building protection.

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

Money Matters USA

See omnystudio.com/listener for privacy information.

Fred examines a recent Transamerica survey conducted to determine what people know and don’t know about retirement planning.  He comments on a surprising statistic of a low percent of workers who actually have a written plan and stresses the need of implementing strategies and understanding asset allocation.  Fred then moves into tips on how to boost your retirement savings such as automating your efforts, sticking to a budget, and eliminating debt.

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

Money Matters USA

See omnystudio.com/listener for privacy information.

Fred addresses the shared concerns of high inflation and a recessionary environment and discusses the strategies to protect yourself and your retirement plan.  He then analyzes results of a survey on the favorite investment and saving tools and strategies of retirees and pre-retirees.  Fred covers ETFs, annuities, cash, individual securities, mutual funds, and what fell into the “other” category.

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

Money Matters USA

See omnystudio.com/listener for privacy information.

Fred looks at the current economic climate with a discussion on recession.  Even with two quarters of negative GDP growth, there is still some hesitancy to declare that we are in an actual recession.  Regardless, Fred notes the possible effects of recession like conditions and high inflation on the planning process for retirees.  He then offers strategic retirement tips for couples with a significant age gap.

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Fred discusses the return to the workforce of some 1.5 million retirees and breaks down the feeling of anxiety many are feeling due to possible recession, high inflation, interest rate hikes, and a general feeling of not being in control.  He talks about solutions in creating an environment that can help alleviate that feeling among retirees and pre-retirees.  Fred also runs down some do’s and don’ts of retirement planning including a regular review of your portfolio performance, making risk adjustments while not completely avoiding risk, and not trying to act like a professional day trader.

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

Money Matters USA

See omnystudio.com/listener for privacy information.

It's Episode 52.  Fred Saide is not one year into providing vital information about retirement strategies and considerations on this podcast.  Fred talks about what should be considered when planning for retirement in times of high inflation, volatility, and recession fears.  He then moves into five things you should be doing as you get closer to retirement.  That includes putting losses in perspective, checking your asset allocation and your liquid reserves, and looking at your spending rate.

You can reach Fred Saide at 800-593-8188.

Money Matters USA

See omnystudio.com/listener for privacy information.