Paul reminds us to avoid certain retirement errors such as maintaining the wrong asset allocation and not being properly diversified.  He offers suggestions on strategies that could possibly help you bump up your retirement date and then cites some alarming survey results regarding retirement readiness.

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

Roberts Wealth Management

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Paul outlines some good measures to consider before retiring including getting a grip on what your day-to-day expenses will be, reviewing your assets, and envisioning what our retirement will look like.  He looks at some alarming stats from a Credit Karma survey showing on Americans’ savings going into retirement and their overall knowledge of necessary retirement strategies and then discusses what should be implemented to help relieve the fear of running out of money in retirement.

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

Roberts Wealth Management

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Brennan Kim cites statistics from a couple of surveys that state the obvious.  Couple don’t necessarily see eye to eye when it comes to finances and retirement.  He stresses the need for compromise in areas such as risk, savings, and retirement target date.  He addresses retiree concerns like inflation, the state of Social Security, and longevity and gets back to basics with some good practices to make sure you’re on the right track to retirement.

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

Roberts Wealth Management

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Brennan Kim of Roberts Wealth Management fills in for Paul Roberts and goes on the hot seat guessing the top answers from participants in a 2023 EBRI Employee Benefit Research Institute retirement confidence survey.  We cite results on concerns of pre-retirees and retirees in their comfort level on reaching retirement and living comfortably in retirement.  Brennan moves into strategies to consider in the financial red zone, 5-10 years from retirement.  He then discusses the advantages to consider when looking at the Roth IRA option.

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

Roberts Wealth Management

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Paul explains the importance of building income sources in your retirement and making sure they are in line with your expected expenses.  He dives into the subject of behavioral finance and how all the components relate to retirement planning.  He also highlights ways that money could be wasted in retirement such as excessive fees, overpayment in taxes, overspending, and ignoring healthcare costs.

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

Roberts Wealth Management

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Investment Advisor Representative and member of the All Star Team of Advisors at Roberts Wealth Management Carter Lewis fills in for Paul on the podcast.  We give three statements about retirement consideration and Carter points out the one that is not true and explains why.  He also expands on some of the ones that are true.  He  covers valid retirement related questions that begin with the word “when” and points out areas to address in the planning process to help ease the anxiety of challenging economic times.

You can reach Roberts Wealth Management by calling 800-891-08680.

Roberts Wealth Management

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Paul expands on the situation in the banking sector.  He cautions against being lured into high returns that could be temporary.  Paul suggests focusing on preservation and just dipping your toe into the water for now.

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

Roberts Wealth Management

See omnystudio.com/listener for privacy information.

Paul expands on the situation in the banking sector.  He cautions against being lured into high returns that could be temporary.  Paul suggests focusing on preservation and just dipping your toe into the water for now.

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

Roberts Wealth Management

See omnystudio.com/listener for privacy information.

Paul opens by covering good strategies for saving your money leading up to retirement.  He then moves into a conversation on the Fed and rising interest rates and the effect it could have on your portfolio if not properly protected.  Paul also discusses the growth of Artificial Intelligence in the financial arena and closes with a discussion on the person-to-person approach taken by his team at Roberts Wealth Management.

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

Roberts Wealth Management

See omnystudio.com/listener for privacy information.

Paul notes the challenges we face in today’s economy covering unemployment, inflation, taxes, the real estate market, and more.  He stresses that proper planning can get you in control of your financial life and your journey to and through retirement.

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

Roberts Wealth Management

See omnystudio.com/listener for privacy information.