Retirement 360

Taxes - Pensions - And knowing your Risks! by Alan Mercurio

This week on Retirement360, MWA advisor Alan Mercurio returns with host, Randy Cook and they take on one last trick before you file your taxes - putting money away in your traditional IRA and it will still count for last year. How is it possible? You'll soon find out!

Personal finance guru, Suze Orman, says it's not the first 10-15 years of retirement that should concern you, its the following 10-15 years. Alan and Randy discuss strategies to making your retirement last.

This week on Retirement360, MWA advisor Troy Bolton and host, Randy Cook are talking taxes - but with a focus on what to do when YOU are the beneficiary. Many families will set up tax efficient legacies for your loved ones, but what happens when you inherit a 401(k)? How do you roll over the assets? How can you prolong RMDs? And most importantly, how do you navigate the taxes?

We often discuss the importance of a good retirement plan and it is more than just income. Troy and Randy determine the 5 elements to make sure you are set for the future.

A solid income plan

An investment plan

A tax- efficient plan

A health care plan

A legacy plan

This week on Retirement360 MWA advisor Alan Mercurio and host, Randy Cook take on three of the biggest concerns facing retirees today: Social Security, taxes and advisor fees.

An easy way to maximize your SSI benefit is to simply wait it out and withdraw as late as possible. However, waiting until you are 70 is not always the best option for some families. Alan and Randy tackle the thought process of selecting the best approach to start receiving your benefits.

As April 15th approaches, many families are filing taxes and meeting with their CPAs. Do you have a "Tax Bomb" lurking in your accounts? What might a traditional IRA, savings bond and your home all have in common? Tune in to find out!

Did you know that someone who pays a two-percent fee on their 401(k) will run out of money ten years sooner than those who pay a one percent fee?

2019 Best of Alan Mercurio by Alan Mercurio

This week Mercurio Wealth Advisors Founder and President, Alan Mercurio, and host Randy Cook, discuss the importance of knowing your Risk Tolerance.

What is Risk Tolerance? It is the ebb and flows you feel secure taking with the swings of the market. Almost everyone feels secure when the market climbs, but what when it dips? How much of your investment are you to miss?

Knowing your Risk Tolerance is paramount to your overall planning strategy. This sets a bar that will intersect with all other saving strategies.

In addition to knowing the importance of your Risk Tolerance, is your planning up to date or is it obsolete? Listening to music on a CD used to be the standard, but now? Streaming. Do similar shifts in trends also apply to financial planning? Yes!

How do you know when it is the right time to see a financial advisor?

Everyone who owns a car knows to bring it to a mechanic when it needs a tune up, so why not apply that same logic to your finances? Why are families hesitant to use the guidance of a finance professional? By meeting with a financial advisor, even for one discussion, you may open the door to new opportunities to learn more about your savings strategies, your planning strategies and even discover ways to make your assets work for you.

Whether it is learning how to create a paycheck once your stop working, or lowering taxes, or finding ways that you may be overspending, working with an advisor will put you on a track to a successful retirement.

Plan today, for a better tomorrow.

Is there such a thing as an average retirement? Surveys show that most folks will retire around 61 years old, and then experience 20+ of retirement! If we could know exactly how long our retirement would last - it would make for much easier planning. The average spend is $46,000 per household and that is mainly divided between monthly expenses of housing ($1,322), health care ($500) and food ($484.)

But since one cannot predict the future - how do you plan? How do you take your savings and assets to get the most of your hard-earned work?

Is there such a thing as an average retirement? Surveys show that most folks will retire around 61 years old, and then experience 20+ of retirement! If we could know exactly how long our retirement would last - it would make for much easier planning. The average spend is $46,000 per household and that is mainly divided between monthly expenses of housing ($1,322), health care ($500) and food ($484.)

But since one cannot predict the future - how do you plan? How do you take your savings and assets to get the most of your hard-earned work?

This week on Retirement 360, MWA advisor, Alan, and host, Tony Vanetti, discuss the importance of having a total team to manage and guide your retirement. Does your CPA speak with your attorney, and then do they both speak to your financial advisor?

Alan tackles the importance of having eveyone meet to make sure your retirement is on trach!