The theme this week on the Retirement Quick Tips Podcast is: Best Retirement Savings Accounts in 2022...And How To Fund Each One. I’m talking about which accounts you’ll want to max out first, which accounts should be lower on the priority list and in which order you’ll want to save in each one.

Yesterday, I talked about prioritizing your health savings account contribution first for long-term retirement savings. Once you’ve checked the HSA box, which account comes next? 

Your workplace retirement savings account comes next. Whether it’s a 401k, 403b, SEP IRA, SIMPLE IRA, or some type of state or federal government savings plan, hopefully you have access to a retirement savings plan through your work. 

At a minimum, you’ll want to save at least enough to maximize your employer match. So make sure you know what the minimum contribution is for you to maximize your employer’s match.

• Common safe harbor match formula 
• Example of multiplying your savings with the employer match layered on
• Ideally, if you can max out your retirement savings accounts, you’ll want to do that before you look at saving in your IRA or a taxable account
• Max contribution for 401k = $20,500 in 2022 with an additional $6,500 catch up if you’re over 50
• Consider at least a portion into a Roth too, especially if you have most of your retirement investment portfolio in pre-tax or traditional 401k or IRA accounts

That’s it for today. Thanks for listening! My name is Ashley Micciche and this is the Retirement Quick Tips podcast.

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>>> Subscribe on Apple Podcasts: https://apple.co/2DI2LSP

>>> Subscribe on Amazon Alexa: https://amzn.to/2xRKrCs

>>> Visit the podcast page: https://truenorthra.com/podcast/ 

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Tags: retirement, investing, money, finance, financial planning, retirement planning, saving money, personal finance

The theme this week on the Retirement Quick Tips Podcast is: Best Retirement Savings Accounts in 2022...And How To Fund Each One. I’m talking about which accounts you’ll want to save in first, which accounts should be lower on the priority list and in which order you’ll want to save in each one.

Today, I’m talking about the first account you’ll want to fund in 2022 - your health savings account. 

• Why the HSA - triple tax benefit
• Don’t leave it in cash…max the growth potential with investing it
• Eligibility is dependent on a HDHP
• Minimum = fund up to the match
• Maximum = $3,650: Annual HSA contribution limit for individuals
• Those with family plans will be able to stash up to $7,300 in their health savings account in 2022
• Employees 55 and older can contribute an extra $1,000 to their health savings account in 2022

That’s it for today. Thanks for listening! My name is Ashley Micciche and this is the Retirement Quick Tips podcast. 

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>>> Subscribe on Apple Podcasts: https://apple.co/2DI2LSP

>>> Subscribe on Amazon Alexa: https://amzn.to/2xRKrCs

>>> Visit the podcast page: https://truenorthra.com/podcast/ 

----------

Tags: retirement, investing, money, finance, financial planning, retirement planning, saving money, personal finance

Welcome to a new week here on the Retirement Quick Tips podcast. I’m your host Ashley Micciche, co-owner of True North Retirement Advisors, an independent financial advisory practice managing $340 million in client assets. I’m a Chartered Retirement Planning Counselor, and I started this podcast because I love helping people just like you gain clarity and make a plan for the retirement you envision. 

The theme this week on the podcast is: Best Retirement Savings Accounts in 2022...And How To Fund Each One

A common question I get from clients is how to prioritize saving for retirement. They might have a 401k, a Roth IRA, a taxable brokerage account, and a HSA. So this week on the podcast, I’ll talk about which accounts to prioritize with your long term savings and how and why you should fund each one in a particular order. 

One important point about this week’s tips is that I’m assuming you’ve already established an emergency fund and you have a healthy amount of savings in the bank. I’m also assuming that you don’t carry any high interest rate debt and your debt level overall is low.

If you don’t have emergency savings or you’re paying 22% on your credit card debt, those areas need to be addressed before you should be adding more to your long-term retirement savings accounts, so please keep that in mind when you’re listening to the podcast this week. 

I hope what I have to share with you this week will help you make smart and thoughtful decisions with your retirement, and help provide more clarity on which accounts you should fund first and which accounts you should fund last. 

And while I am careful to not lead you astray, personal finance is not an exact science. There is no one-size-fits-all solution for everyone, so I encourage you to disregard anything I say that may not be helpful for you, and to consult your own financial, tax, and legal advisors regarding your own individual situation. 

That’s it for today. Thanks for listening! My name is Ashley Micciche...and this is the Retirement Quick Tips podcast.

----------

>>> Subscribe on Apple Podcasts: https://apple.co/2DI2LSP

>>> Subscribe on Amazon Alexa: https://amzn.to/2xRKrCs

>>> Visit the podcast page: https://truenorthra.com/podcast/ 

----------

Tags: retirement, investing, money, finance, financial planning, retirement planning, saving money, personal finance

This week on the podcast, I sat down for an interview with Matt Mahaffey, principal broker with the Mahaffey Real Estate Group in Portland, OR. For over 17 years, Matt has had the opportunity to serve well over 500 families in the process of buying and selling real estate. He’s advised clients on everything from first-time home purchases, to rental properties, to selling a 74-acre farm stand business. 

He’s a true professional and has a deep understanding of the real estate market. I really enjoyed our conversation and he had some valuable insights to share with me on buying real estate in the current market. 

Tomorrow, come on back, because we’re starting a brand new theme: Surprise! TBD… :)

Thank you so much for listening this week! If this podcast is valuable for you (and hopefully it is otherwise you wouldn’t be listening), please share the show with a friend or co-worker who is getting close to retirement. Just go to your favorite podcasting app, hit the share icon, then text or email the show link to a friend and say, “I love this podcast and thought you might enjoy a listen.”

Thanks for sharing the love and spreading the word. My name is Ashley Micciche, and I hope you have a blessed Sunday.

----------

>>> Subscribe on Apple Podcasts: https://apple.co/2DI2LSP

>>> Subscribe on Amazon Alexa: https://amzn.to/2xRKrCs

>>> Visit the podcast page: https://truenorthra.com/podcast/ 

----------

Tags: retirement, investing, money, finance, financial planning, retirement planning, saving money, personal finance

This week on the Retirement Quick Tips Podcast, I’m bringing you segments of an interview I did with Matt Mahaffey, principal broker with the Mahaffey Real Estate Group in Portland, OR. In this interview, he and I talk about the current real estate climate and whether or not it’s too late to buy real estate in 2022.

Here is today’s interview segment with Matt Mahaffey…

----------

>>> Subscribe on Apple Podcasts: https://apple.co/2DI2LSP

>>> Subscribe on Amazon Alexa: https://amzn.to/2xRKrCs

>>> Visit the podcast page: https://truenorthra.com/podcast/ 

----------

Tags: retirement, investing, money, finance, financial planning, retirement planning, saving money, personal finance

This week on the Retirement Quick Tips Podcast, I’m bringing you segments of an interview I did with Matt Mahaffey, principal broker with the Mahaffey Real Estate Group in Portland, OR. In this interview, he and I talk about the current real estate climate and whether or not it’s too late to buy real estate in 2022.

Here is today’s interview segment with Matt Mahaffey…

----------

>>> Subscribe on Apple Podcasts: https://apple.co/2DI2LSP

>>> Subscribe on Amazon Alexa: https://amzn.to/2xRKrCs

>>> Visit the podcast page: https://truenorthra.com/podcast/ 

----------

Tags: retirement, investing, money, finance, financial planning, retirement planning, saving money, personal finance

This week on the Retirement Quick Tips Podcast, I’m bringing you segments of an interview I did with Matt Mahaffey, principal broker with the Mahaffey Real Estate Group in Portland, OR. In this interview, he and I talk about the current real estate climate and whether or not it’s too late to buy real estate in 2022.

Here is today’s interview segment with Matt Mahaffey…

----------

>>> Subscribe on Apple Podcasts: https://apple.co/2DI2LSP

>>> Subscribe on Amazon Alexa: https://amzn.to/2xRKrCs

>>> Visit the podcast page: https://truenorthra.com/podcast/ 

----------

Tags: retirement, investing, money, finance, financial planning, retirement planning, saving money, personal finance

This week on the Retirement Quick Tips Podcast, I’m bringing you segments of an interview I did with Matt Mahaffey, principal broker with the Mahaffey Real Estate Group in Portland, OR. In this interview, he and I talk about the current real estate climate and whether or not it’s too late to buy real estate in 2022.

Here is today’s interview segment with Matt Mahaffey…

----------

>>> Subscribe on Apple Podcasts: https://apple.co/2DI2LSP

>>> Subscribe on Amazon Alexa: https://amzn.to/2xRKrCs

>>> Visit the podcast page: https://truenorthra.com/podcast/ 

----------

Tags: retirement, investing, money, finance, financial planning, retirement planning, saving money, personal finance

This week on the Retirement Quick Tips Podcast, I’m bringing you segments of an interview I did with Matt Mahaffey, principal broker with the Mahaffey Real Estate Group in Portland, OR. In this interview, he and I talk about the current real estate climate and whether or not it’s too late to buy real estate in 2022.

Here is today’s interview segment with Matt Mahaffey…

----------

>>> Subscribe on Apple Podcasts: https://apple.co/2DI2LSP

>>> Subscribe on Amazon Alexa: https://amzn.to/2xRKrCs

>>> Visit the podcast page: https://truenorthra.com/podcast/ 

----------

Tags: retirement, investing, money, finance, financial planning, retirement planning, saving money, personal finance

Welcome to a new week here on the Retirement Quick Tips podcast. I’m your host Ashley Micciche, co-owner of True North Retirement Advisors, an independent financial advisory practice managing $340 million in client assets. I’m a Chartered Retirement Planning Counselor, and I started this podcast because I love helping people just like you gain clarity and make a plan for the retirement you envision. 

This week on the podcast, I’m discussing a big question that is on the minds of many Americans these days: Is It Too Late To Buy Real Estate?

I sat down for an interview with Matt Mahaffey, principal broker with the Mahaffey Real Estate Group in Portland, OR. For over 18 years, Matt has had the opportunity to serve well over 500 families in the process of buying and selling real estate. He’s advised clients on everything from first-time home purchases, to rental properties, to selling a 74-acre farm stand business. 

He’s a true professional and has a deep understanding of the real estate market. As a 4th generation Oregonian, most of his expertise applies to the Portland, OR real estate market, but as you’ll see, much of what we’ll discuss this week in our interview applies to real estate across the United States. 

Matt and I have known each other for about 8 years, and he helped us find our current home back in 2014. He did such a great job that I referred him to my in-laws a couple years later when they sold their house and downsized after retiring. 

So this week on the podcast, Matt & I explore real estate issues of particular concern for retiree and pre-retiree Americans. Specifically, we discuss:

• The current real estate environment (prices, inventory, trends in 2022- higher interest rates, economic uncertainty, what else?)...Recent headlines within the past few weeks: 

• WSJ: Median sales price for single-family existing homes was higher in fourth quarter versus year ago in 181 of 183 metro areas (https://www.wsj.com/articles/u-s-housing-affordability-worsens-11644507291) 

• WSJ: In Covid-19 Housing Market, the Middle Class Is Getting Priced Out (https://www.wsj.com/articles/in-covid-19-housing-market-the-middle-class-is-getting-priced-out-11644246000)

• WSJ: U.S. Home Sales Jumped 6.7% in January Amid Record-Low Inventory (https://www.wsj.com/articles/u-s-home-sales-jumped-6-7-in-january-amid-record-low-inventory-11645196860) 

• Selling and downsizing - is there a better time than right now to sell a larger home and downsize to something smaller? 

• Single-level homes - big issue of supply for retirees looking for a floor plan that suits their needs as they age

• Concerns about buying at the top of the market…What are your thoughts on the market for investment properties and rentals
• Thoughts on buying a 2nd home as a vacation home or a snowbird destination? Again…concerns about buying at the top

If you want to watch the full video interview with Matt Mahaffey its entirety, you can find it on my YouTube channel - True North Retirement.

I hope what I have to share with you this week will help you make smart and thoughtful decisions with your retirement. And while I am careful to not lead you astray, personal finance is not an exact science. There is no one-size-fits-all solution for everyone, so I encourage you to disregard anything I say that may not be helpful for you, and to consult your own financial, tax, and legal advisors regarding your own individual situation. 

That’s it for today. Come on back tomorrow where I’m diving into the interview with Matt.

Thanks for listening! My name is Ashley Micciche...and this is the Retirement Quick Tips podcast.

----------

>>> Subscribe on Apple Podcasts: https://apple.co/2DI2LSP

>>> Subscribe on Amazon Alexa: https://amzn.to/2xRKrCs

>>> Visit the podcast page: https://truenorthra.com/podcast/ 

----------

Tags: retirement, investing, money, finance, financial planning, retirement planning, saving money, personal finance