Ready, Set, Retire!

The question most retirees ponder is how much they should take out of their financial plan each month to meet their spending needs.  For a long time, many have subscribed to the “4% Rule.”  But a columnist in the Wall Street Journal has his own that he calls the “$400 Rule.”  He says you’ll spend about $400 each month in retirement above and beyond what you’ll think you’ll spend.  Hear what Steve thinks of the $400 rule and how you could factor it into your retirement plan.

Then, the U.S. Senate is now considering a big bill passed by the House that’s designed to help Americans save more for retirement.  It’s commonly called “SECURE Act 2.0.”  Longtime wealth advisor James Bogart tells Yahoo Finance that it’s a huge step in the right direction. Hear Steve recap what you need to know and of course its impact to those who are currently retired or about to retire!  

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We haven’t seen the end of interest rate hikes as inflation continues to threaten the economy.  But legendary investor Mark Mobius tells CNBC that there’s one way to hedge against it. Steve weighs in on this and explains how to protect and grow your income during these times of inflation. 

Inflation Proof Your Retirement Plan!  

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Saving up for retirement is one thing, but withdrawing money once you’re retired is another.  An article on the SmartAsset financial website talks about the four worst mistakes people make in withdrawing from their accounts.  Hear Steve explain how to determine the best order to withdraw from your retirement accounts and avoid HUGE mistakes!

Then, economists routinely tell us that the biggest retirement worry is running out of money.  But Forbes says there’s another concern that doesn’t get as much attention … and that’s maintaining the same standard of living.  But how do we do that, considering that our retirement income will probably be less than what we earned when we were still working?

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Inflation continues to climb.  It’s now at 8.5% over last year, the highest level since 1981. If you are near retirement or already retired, how can you keep with inflation AND not run out of money? Hear Steve discuss his strategies to help you WIN against inflation and WIN in retirement! 

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The biggest fear of planning for retirement is running out of money, right? Steve discusses his different tools and strategies that can help you avoid running out of money. Plus, there is an amazing opportunity available for you and your income plan for a limited time! 

Call Steve today for your custom income plan! 

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So, what’s the outlook for the stock market this year?  It depends on whom you ask.  Brent Schutte with Northwest Mutual tells CNBC he’s more optimistic, pointing at signs that pandemic inflation is starting to slip.  But even he is more cautious about the second half of the year, when the Fed is expected to raise interest rates several times.  It seems the forecast keeps going back-and-forth.  What’s the direction our investments should take?  Should we rebalance allocations more than twice-a-year? 

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Inflation is the highest it's been in 40 years! How is this impacting your income plan both in the working world and in retirement? Steve joins Grace to discuss the recent market volatility, the opportunity to have income for life and one special offer just for our listeners that is ONLY AVAILABLE until  April 11th! 

Call Steve today 508-398-3337! 

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Between the time you woke up this morning and the time you go to bed tonight, another 10,000 baby boomers will have officially retired. What about you? Have you done everything you need to do to be ready? What about taxes? inflation? Securing income for life? Hear how Steve can hep you plan for a successful retirement and help you check off items on that retirement planning list !

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Despite the inflation that’s resulted, a new survey shows most Americans are confident about their financial future.  Seven in ten tell a new Fidelity poll that they’re basing this on the fact they were able to stick to their 2021 financial resolutions.  Almost the same percentage were planning to make new ones for 2022.  If you were to wish financial resolutions for others, what would be on that short list?

We all have that one thing we keep putting off … even though we know we really need to take care of it!  And when it comes to financial planning, many of us have been putting off the same thing … getting an estate plan.  Hear Steve's advice for those putting retirement planning on the back burner! 

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Steve talks about inflation and that it is not going away soon, Extreme volatility in the stock market lately could mean a major selloff is just around the corner.  That’s according to Morgan Creek Capital Management CEO Mark Yusko.  Hear Steve's thoughts on this and how he can help you combat both inflation and volatility in retirement. 

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