Retirement Compass

Tim and Jeff talk about why getting a second opinion is a wise decision for those approaching retirement, and discuss some questions that you should be asking about your retirement plan.

Tim and Jeff discuss tax planning strategies for retirees as we head in to 2021.

Tim and Jeff discuss 401K's and common questions they hear about them.

• How do 401K's work?
• How are they taxed?
• What is inside of a 401K?

This episode discusses:

• Traditional vs. Roth IRA's
• How Social Security income can affect taxes
• Various issues involving capital gains

Tim and Jeff discuss what us means to have a legacy plan, and the importance of leaving a legacy. How are legacy and long-term care planning intertwined? This along with much more on this weeks podcast.

Tim Kulhanek and Jeff Gove answer some common questions that retirees have about annuities:

Why annuities are a popular product?

Why they are so misunderstood?

The different types of annuities ?

What fees can be involved?

They go over:

- The rules

- Planning for taxes in regards to how you take it 

- What people can do before they retire to help mitigate the tax burden on their Social Security income

Talking points include:

- Experiences with clients on what to do if offered one of these packages

- Health insurance is a huge factor - is a Cobra plan part of the package?

- Do you qualify for a subsidy for insurance under the Affordable Care Act?

- Don't let your emotions cloud your decision on whether to accept a VSP

What is an annuity? The different types of annuities vary greatly, so how do you find out which annuity is right for you? 

What are you doing to maintain your own mental health during this pandemic? For those who remember, what was life like during past major pandemics?