Save your Retirement with Pat Strubbe

Many people think they will be paying less in taxes in retirement because they aren’t working. Pat takes a deep dive into the system and finds that may not be the case, that many folks may pay more taxes, especially if rates go up to help lower the mounting national debt.

Many people aren’t especially confident about the future of Social Security, which is a huge part of any retirement plan. Pat looks at the system and what may lie ahead regarding its ability to provide income for post-working life. Later he revisits the five financial stages of life and answers listener questions from the mailbag.

After a look at the recent financial landscape, Pat addresses some major questions that people when it comes to their retirement savings and how best to make it work for them.

People have specific things they do with their money that may not always be the best for them. Pat takes a look at what you might want to change regarding your situation. He also goes over the experience of being a client with a financial professional, as well as looking at ways to stay active in retirement.

Retirement plans are like road construction, especially in some areas where caution is advised. Pat takes a look at how to properly construct a written plan to handle all the areas you need in retirement, including income, taxes, health care and more.

A retirement plan needs to account as best as possible for unexpected items such as nursing home care or other such items. Pat takes a look at how a particular plan can take these into consideration. In the spirit of Christmas, he also looks at some examples of people planning various things for retirement and if this puts them on the “naughty” or “nice” list.

Financial gurus have gains millions of followers over the years. On the one hand, some of their advice has helped many Americans make better financial decisions. But on the other hand, their paint-by-the-numbers financial strategies and advice are often grossly oversimplified and sometimes can be even harmful to their followers.

In today's show, Pat breaks things down by providing you with the good, the bad, and the ugly specifically for two of the biggest financial gurus out there. This is one you definitely don't want to miss!

Find out more about Pat and Preservation Specialists here:

www.RetireWithPat.com

www.SCPreservation.com

www.Amazon.com/Author/Pat-Strubbe

www.youtube.com/@PreservationSpecialistLLC

In this video, we dive into the concept of Social Security's cost-of-living adjustment (COLA) and its impact on retirees. We'll explain what COLA is, how it's determined by the Social Security Administration, and why it’s crucial for keeping up with rising costs.

If you're curious about how COLA works and what to expect for Social Security in 2025, this discussion will provide the insights you need to feel more informed and in control of your retirement planning.

"Wondering how to navigate the current interest rate landscape? The Federal Reserve has decided to hold interest rates steady, but they've scaled back expectations for rate reductions later this year. So, what does this mean for your financial strategy?

In this video, we explore key opportunities while interest rates remain elevated. One standout option is investing in a fixed annuity now. Analysts suggest that securing a high interest rate today could benefit you for the life of the annuity, regardless of future Fed decisions. Don’t miss out on this potential opportunity to lock in a favorable rate!"

The art of financial planning and the pursuit of a dream balance between enjoying life today and securing your future. In a world driven by instant gratification, we all know the importance of planning ahead, yet finding that perfect middle line remains a challenge.