Roadmap to Retirement by Thrive Financial Services

We typically don’t think of the word “aging” as having a positive connotation. It may bring to mind graying hairs, aching backs, and slowing down. But these things don’t always have to be true, and they don’t necessarily tell the whole story when it comes to getting older. There are many birthdays to look forward to as you near and enter retirement. These birthdays could come with greater ability to take control of your finances, or a Social Security benefit. Starting at age 50, several birthdays and “half-birthdays” are critical to understand because they have implications regarding your retirement income. We’ll discuss these important ages in this weeks show!

This week our Thrive Army discusses tax planning, and navigating tax preparation, with special guest and tax planning EXPERT, Tim Gertz, CPA.

You're not going to want to miss this exclusive episode!

In this weeks episode, our team covers what challenges you will face as you move forward with your retirement planning.

Our crew will cover things like:

-What Happened at the latest Fed meeting?

-Are you worried about running out of money in retirement?

-Will you sell company stock?

-How to take advantage of Today's tax rates.

Make sure you join us and equip yourself with all the necessary information to THRIVE in retirement!

"Mid-Year Review"

Segment One — Prepare for Tax Increases

• This segment covers the Biden administration's proposed tax increases on individuals and estates.

Segment Two – Do A Mid-Year Portfolio Review

• This segment covers how to review investments and what to think about when creating a retirement investment strategy.

Segment Three — Don't Outlive Your Savings

• This segment talks about annuities and the QLAC provision in the SECURE Act.

Segment Four — How Will Your Retirement Account Distributions Be Taxed?

• This segment discusses RMDs and tax minimization strategies

"Important Retirement Decisions" and we’ll be covering the following topics:

Segment One — What You Need to Know About CryptoCurrency

• This segment discusses information about investing in cryptocurrency, including how it's taxed.

Segment Two – Don't Outlive Your Savings

• This segment covers how to create retirement income for life.

Segment Three — Have a Social Security Maximization Strategy

• This segment discusses what to consider when deciding when to claim Social Security.

Segment Four — Why You Need An Estate Plan

• This segment talks about important estate planning documents and how to name beneficiaries.

Happy Birthday America - 7/10/2021 by Thrive Financial Services

We all know that a 401(k) is one of the most important retirement planning tools we have. The potential tax benefits and power of compound interest can make it a great saving and investment tool for anyone who practices financial discipline and contributes regularly. If you’ve saved in a 401(k) and are nearing or in retirement, now is the time to strategize so you can use it most effectively. Join your Thrive Army to discuss your 401k, taxes, fees and the options available to you!

If you’re planning on taking a vacation, it’s probably something that you’ve looked forward to for a while now. Maybe you haven’t traveled much since before the pandemic and want to this summer, or maybe you’ve recently retired and just want to relax and enjoy your free time. However you choose to spend your time in retirement, the great thing is that that it’s your 30 or more year vacation. On average, we spend more time every year planning for vacations than planning for retirement – and retirement is much longer than any vacation you will take. Dive into the discussion with your Thrive Army on this weeks episode!

No one can predict the future when it comes to the economy or the market, but we can look at economic indicators regarding inflation and interest rates. Right now, demand for goods is surging and global supply chains are being upended. Shortages, transportation bottlenecks and price spikes are nearing high levels, and this could mean high inflation... Learn how to combat these retirement risks with your Thrive Army on this weeks episode!

Can you believe we've been living with COVID for a full year now? It's become a cliché, but our world has truly changed in the last rollercoaster of a year. In light of the past year, we want to help you create a plan that weathers storms and accounts for the unpredictable, because as we have seen, the unpredictable things do not make them impossible. In this weeks episode, we will cover how COVID will continue to affect us this tax season.