The proposed Biden tax plan can be confusing. What does it mean to the average person? In this episode we talk a little about how this plan is laid out and how you can evaluate your retirement when it comes to the new proposal.

Three takeaways:

• Family Care Act

• Changes Could Happen

• Evaluate Your Plan

Spring has sprung and we hope gatherings will happen soon. We are taking a break from retirement talk to give you a spring dish that your stomach will thank you for. If you are getting together with others, here is a great recipe that your family or friends will enjoy eating!

Click here for the recipe: https://cutt.ly/FvL2bgP

Three takeaways:

• Passing On Recipes

• Take It to the Next Level

• Leftovers

Most people do a good job of saving for retirement. Many people have advisors they have use along the way to help them. I tis important to know that when you get to retirement, it is a whole new ballgame. There needs to be organizational components to help you, so all your assets don’t look like things just thrown in a junk drawer.

Key Takeaways:

• Pieces of a Puzzle

• All About the Flow

• Mindset Switch

There are some terms that we just need to dive deeper into and inflation is one. One question we get on a regular basis is “Can you help us now with some planning related to inflation, because we think it could be coming?” This episode is all about things to think about if inflation goes up.

Three takeaways:

• What is Inflation?

• Eroding Values

• How it Creeps Up

The term “trillion dollars” is just normal these days! This is a lot of money, but we hear it now as we talk about the budget and the stimulus packages within the last year. What does this term mean for your retirement?

Key Takeaways: 

• Borrowing $

• Fund with Taxes

• Headlines

There is so much out there when it comes to risk that makes it easy to get what we call “paralysis by analysis.” Should I use this or that? We get so caught up that we end up just resorting to what we think we should do. This is where we come in!

Three takeaways:

• The Best Things Out There

• Using Tools Differently

• Self Management?

When thinking about the stock market and your money, it is always good to know how much you can stomach. There will be times in retirement when you have to take money out of your accounts. It is always good to be ready for some different scenarios to know how the market roller coaster rolls down the track.

Three takeaways:

• Money IN vs Money OUT

• The Piece of Paper

• Taking $ Out

Many times we are taught that the rate of return is what matters. When saving for retirement, it doesn’t matter as much as you think. The money we keep is more important than the money we make. Find out more about your Risk Score.

Your retirement plan needs to be flexible when it comes to risk. There are many ways to consider risk. There are a few types of risk we want to share with you, so that you understand what it does to your retirement planning.

Key takeaways

• Legislative Risk

• Interest Rates

• Inflation Risk

The market can be volatile. It changes and we can’t control the ups and downs. We can control how much we want to participate in the up and down of the market. This means we have to consider our risk and plan for it. You always plan for the rain when it is sunny outside. This means there is no time like the present to assess your risk and adjust your plan.

Three takeaways:

• Look at Layers

• Take Care of Downside

• Learning from Experiences