Retirement 360

So... Is another recession really on the way? If a recession does hit, how is going to effect you if you're in (or nearing) retirement? Alan talks a bit about this and also talks a bit about how your financial plan should have planned for a possible recession.

There are some people who aren't planning to retire for a very grim reason...They don't expect to live that long. The truth of the matter is, people are living longer than ever these days and you don't want to live longer than you expect while wishing you would have planned better for your retirement. Among men who are currently in their 50s, a third of them will live to be 90. For women, that number jumps up to half! Listen in to hear more about the importance of planning for retirement well past when you think you might need to.

How much risk is too much risk in retirement? How much risk should you be keeping in your portfolio as you start to exit the work force and enter into retirement? Patrick Kelley, the author of Stress Free Retirement, says it all depends on when you're going to actually need the money that you're investing.

Don't tell your lawyer friends, but there's a new phone app that actually lets you draw up a will on your smartphone in around 10 minutes time. While most of their customers are between the ages of 25 and 40, there are a decent amount of their customers within retirement age that are using their phones to draft wills. Alan talks a bit more about this new app called Fabric and how it speaks for the future of estate planning.

How much risk is too much risk in retirement? How much risk should you be keeping in your portfolio as you start to exit the work force and enter into retirement? Patrick Kelley, the author of Stress Free Retirement, says it all depends on when you're going to actually need the money that you're investing.

Don't tell your lawyer friends, but there's a new phone app that actually lets you draw up a will on your smartphone in around 10 minutes time. While most of their customers are between the ages of 25 and 40, there are a decent amount of their customers within retirement age that are using their phones to draft wills. Alan talks a bit more about this new app called Fabric and how it speaks for the future of estate planning.

Have you heard about Uncle Sam and his retirement plan? Here's a hint - he doesn't retire when you do. Your taxes are essentially Uncle Sam's "retirement plan" and when you retire, you only keep on paying them. Alan talks a bit about paying taxes in retirement and how to factor them in to your anticipated retirement income.

Does it make sense to convert your Traditional IRA to a Roth IRA? What are the pros and cons of doing so? Tons of "baby boomers" are at a stage in their financial life where they're considering this but might not be aware of all of the benefits of doing so. Alan talks a bit about the benefits behind converting over to the Roth IRA to help settle this debate once and for all.

Have you heard about Uncle Sam and his retirement plan? Here's a hint - he doesn't retire when you do. Your taxes are essentially Uncle Sam's "retirement plan" and when you retire, you only keep on paying them. Alan talks a bit about paying taxes in retirement and how to factor them in to your anticipated retirement income.

Does it make sense to convert your Traditional IRA to a Roth IRA? What are the pros and cons of doing so? Tons of "baby boomers" are at a stage in their financial life where they're considering this but might not be aware of all of the benefits of doing so. Alan talks a bit about the benefits behind converting over to the Roth IRA to help settle this debate once and for all.

What do Bill Belicheck and Warren Buffet have in common? They're planners. While Belicheck might do his planning on the field and Buffet in the bank, both have a set plan for what they're doing and understand every step along the way.

This week we talk about how having a game plan for your retirement is incredibly important and how you're leaving money on the table if you're not planning properly. We also talk about the "king" of investing, Warren Buffet, and how he compares retirement to a castle. How are you protecting your "retirement castle?"

If you're still investing in index funds while nearing retirement, a recent Forbes article says you could be making a costly mistake. Many retirees or people closing in on retirement depend heavily on this traditional investment strategy and a recent article says there might be better ways to do so.

Even if you haven't taken the time to set up an official state plan, you already have one whether you realize it or not. You either set up your estate plan with an advisor, or a probate judge is going to impose one on your relatives after you're gone. Troy and Randy talk a bit about this topic and what steps you should take to make sure your estate plan is set in stone.

According to the Stock Trader’s Almanac, in years preceding presidential elections since 1971, the July-October span marked the worst four months. The Dow and the S&P 500 index have tended to peak in July, bounced around in the next couple of months, and dropped in October, ending with losses by Halloween. Should some of us go into “financial hiding” for a while?

Did you know that you could get a "do-over" on social security? An obscure tax law allows you to restart your benefits at a new, higher rate based on your current age. This week Alan talks a bit more about this tax law and how you can use it to potentially increase your social security.

According to the Stock Trader’s Almanac, in years preceding presidential elections since 1971, the July-October span marked the worst four months. The Dow and the S&P 500 index have tended to peak in July, bounced around in the next couple of months, and dropped in October, ending with losses by Halloween. Should some of us go into “financial hiding” for a while?

Did you know that you could get a "do-over" on social security? An obscure tax law allows you to restart your benefits at a new, higher rate based on your current age. This week Alan talks a bit more about this tax law and how you can use it to potentially increase your social security.

The economy is currently in a good spot... but the Federal Reserve is cutting interest rates? Is this normal? Alan walks you through the traditional process the Federal Reserve follows when it comes to interest rates and explains why the Federal Reserve has decided to cut rates.

Did you know that according to a survey from Nationwide Retirement Institute fewer than 1 in 4 people can name the four factors that will determine the amount they will get from Social Security? This week we're explaining the four factors that effect how much you get back from Social Security and share why it's so crucial you're cognizant of everything within the equation.