Paul goes through various streams of retirement income that may not be subject to taxation and breaks down the strategies to achieve that goal.  He also continues to monitor high inflation and its effects on retirement planning and discusses steps to take in order to maintain the lifestyle you want in retirement.

You can reach Paul Roberts and the team by calling 800-891-8680.

Roberts Wealth Management

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Paul looks at the issues that will present themselves in the future with tax-deferred retirement savings and offers some solutions.  Challenges you could potentially face include snowballing required minimum distributions, possible higher Medicare premiums, and a tax burden on your heirs.  Solutions presented include shifting savings from pre-tax to Roth and considering Roth conversions.  He also talks about retirement regrets to avoid and how to make sure you can enjoy the lifestyle you want and then breaks down how interest rate hikes could be an additional challenge in your retirement planning.

You can reach Paul Roberts and the team of All-Star Advisors by calling 800-891-8680.

Roberts Wealth Management

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Paul takes a look at our current financial situation in discussing what pre-retirees and retirees should consider in their planning process.  One of Roberts Wealth Management's All-Star Advisors Brennan Kim takes over for the rest of the podcast in discussing strategies in giving some of your excess money away while you are alive and options you have with your 401(k) once your retire.

You can reach the team at Roberts Wealth Management by calling 800-891-8680.

Roberts Wealth Management

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Paul addresses the concerns on the minds of everyone and especially those entering retirement.  Those concerns are, of course, inflation, recession, and the overall economic climate.  He also talks about the best protection strategies.  He examines a BlackRock survey which asked retirees and savers to describe their “go to” savings and growth vehicles and closed with dispelling myths about annuities.

You can reach Paul Roberts and the team by calling 800-891-8680.

Roberts Wealth Management

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Paul looks at the state of our economy and offers information on best protective strategies for retirees and soon to be retirees.  He then turns to spousal retirement strategies when there is a significant age gap.  Paul closes with tips on stretching retirement dollars including the proper Social Security decisions for you, diversification of your portfolio, creating a budget, and building retirement pay checks.

You can reach Paul Roberts and the team at Roberts Wealth Management by calling 800-891-8680.

Roberts Wealth Management

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Paul looks at why more retirees are making the decision to return to the workforce.  He points at what to consider in your planning to help make sure you only return to work by choice.  He talks about how recession fears and high inflation are driving these decisions.  Paul then covers tips to keep your retirement finances in good shape such as understanding your lifestyle expenses, creating that retirement paycheck, and understanding the tax impact.  He then moved to some of the do’s and don’ts of retirement planning.  He discussed how you should regularly review your performance and strategies and adjust your risk tolerance and how you should not try to act like a professional day trader nor completely avoid risk.

You can reach Paul Roberts by calling 800-891-8680.

Roberts Wealth Management

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Paul talks about properly managing the concerns felt by retirees in the middle of possible recession, the highest inflation in forty years, and rising interest rates.  He discusses the inverse relationship between the stock and bond market and explains how proper planning can set retirees up with built in income streams that can help ease the anxiety.  He discusses how he determines his client’s “numbers” to better custom plan for them.  He includes the financial independence number, the Social Security starting age, the number of guaranteed lifetime income someone will need, estimated health care out of pocket costs and possible long term care costs, and estimated monthly retirement spending.  Paul closes with five things to absolutely consider in retirement planning including checking your asset allocation, building those liquid reserves, and monitoring your spending rate.

You can reach Paul Roberts and the team by calling 800-891-8680.

Roberts Wealth Management

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Paul demonstrates how small measures could make a big difference in light of the current economic climate.  Strategies discussed include using credit cards to your advantage, reevaluating your insurance coverage, and even looking at services to consider cutting such as streaming services you never use.  He then moves to potentially costly mistakes to avoid such as accessing retirement funds early and failing to maximize your Social Security benefits.  Paul closes with a discussing on how to rectify potential retirement killers.  He talks about the need to have an income plan in writing, avoiding pie-in-the-sky investment returns, and knowing your risk tolerance.

You can reach Paul Roberts by calling 800-891-8680.

Roberts Wealth Management

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You want a retirement with as few regrets as possible.  What are some things you can do in the financial red zone to avoid having those regrets?  Paul covers that in this podcast.  He also addresses the current economic climate with the bear market, inflation, rising interest rates, recession possibly looming and what retirees and soon to be retirees should be considering.  He closes with good financial red zone moves to make sure you launch a stronger retirement such as catch-up saving, paying off debt, and determining retirement spending needs.

You can reach Paul Roberts by calling 800-891-8680.

Roberts Wealth Management

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Paul points out how retirement planning is different now due to many factors such as dwindling pensions and longevity.  He talks about the importance of building income, protecting your wealth, and factoring in health care costs and inflation.  He then moves into discovering fees you may be paying and avoiding unnecessary costs in retirement including penalties.  Paul then keeps the conversation grounded in reality as he debunks some retirement myths and old ways of thinking in crafting retirement strategies.

You can reach Paul Roberts and the team by calling 800-891-8680.

Roberts Wealth Management

See omnystudio.com/listener for privacy information.