Nate continues with part 4 of the retirement risks series, this week he will discuss the risk associated with work.

Key takeaways: 

• Forced retirement risk
• Re-employment risk
• Employer insolvency risk
• Health care before Medicare eligibility
• Working in retirement

Nate dives into the third part of the Retirement Risks series. He discusses Risks associated with investment Risks and how they could affect your retirement.

Key Takeaways:

• Market Risk
• Interest Rate Risk
• Liquidity Risk
• Sequence of Return Risk

Link: Wade Pfau research paper looking at 151 portfolios. 

http://www.logiapm.com/sites/default/files/users/logiapm/RetirementRisks-RetirementResearcher.pdf 

Nate discusses health expense risk, long-term care risk, frailty risk, and financial elder abuse risk, and some possible solutions for each one.

Key Takeaways:
• Living to 100 calculator
• Health expense risk
• Long term care risk
• Frailty risk
• Financial elder abuse risk

Nate starts a new series called Risky Retirement, where he discusses 18 risks in retirement, gives examples and considerations of each, and discusses possible solutions to each one.

Link: www.livingto100.com

Key Takeaways:

• Longevity Risk
• How do you make your money last?
• Life expectancy
• Income riders
• Inflation Risk
• Spending smile
• Excess Withdrawal Risk
• Safe withdrawal rate

Nate does an in-depth analysis of an article on the inner workings of the Social Security trust fund and possible ramifications of the coronavirus and the possible acceleration of the trust fund’s depletion.

Article link:

https://www.thinkadvisor.com/2020/11/22/the-social-security-trust-funds-explained/?kw=The%20Social%20Security%20Trust%20Funds%2C%20Explained&utm_source=email&utm_medium=enl&utm_campaign=lifehealthweekender&utm_content=20201129&utm_term=tadv

Key Takeaways:

• Will the social security trust fund run out?
• Shortfall risks with social security
• Payroll tax suspension
• COVID-19 & effects on social security
• Government shortfalls

Nate interviews Jasmine Anderson about Medicare enrollment, the different parts of Medicare, and how to apply for it.

Key takeaways:

• What is Medicare?
• What are the parts of Medicare?
• What are the costs of Part A & Part B
• What are the types of Medicare Supplement Plans?
• How do you get Prescription Drug Coverage?
• Who is eligible for Medicare?
• How do you apply for Medicare?
• What is AEP?

Jasmine’s Contact Info:

Email: [email protected]

Phone: 785-813-1222

Medicare Consultation by Phone - https://calendly.com/jasminemrg/medicare-consultation?back=1&month=2020-10

Nate discusses with Dominique Molina, CPA, topics such as lowering taxes, why not to fear tax law changes, why reducing taxes in retirement can be so important, and how much of the tax code is devoted to lowering your taxes.

Key Takeaways:

• How does one get a CPA designation?
• Cares Act 2.0
• 10 year IRA withdraw rules
• Tax law changes that Biden would put in place
• Tax planning and retirement
• Tax codes (now and future)

Nate discusses the pros and cons of the three main different withdrawal strategies for generating income in retirement.

Key takeaways:

• Retirement Nest Egg & Income in Retirement
• Withdrawal Strategies
• Time-Waited Strategy or Bucketing Strategy
• Flooring Strategy
• Running out of money in retirement
• Asset classes
• How does Miller Retirement Group incorporate these strategies?

Nate discusses an article outlining research by an actuary for TIAA, Benjamin Goodman, and head of retirement research at morning star, David Blanchett, on the topic of how combining different types of annuities with other investments can significantly increase the amount of income in retirement.

Link to the referenced article: https://www.planadviser.com/can-fixed-variable-annuities-go-together/

Key Takeaways:

• 5 types of annuities
• Income riders
• Long term care benefits
• Will your money run out in retirement?
• What type of annuities are right for me?
• Market fluctuations & volatility

Nate interviews Kirstin Flory with Colliers Commercial Real Estate, answering questions about where she sees the commercial market going, changes that have happened due to the coronavirus, and even things to consider before starting a business!

Contact Info & Resources:

Website: Kirstenflory.com

Podcast: “The Small Business Mindset”

Book: “Golfing in Heels” - https://www.amazon.com/Golfing-Heels-About-Women-Master/dp/1482606771

Small Business Development Center: https://business.ku.edu/partnerships/sbdc/overview