Dana and Brad discuss tips to overcome debt in retirement as well as the effects of companies pivoting away from providing pensions. Takeaways: - A Sustainable Retirement Plan can help you build a Debt Reduction Strategy to pay down debt in retirement. -Studying interest rates can be a useful tool when deciding to take a Lump Sum or Monthly Payments from a pension. -Download our FREE helpful resource, “Retirement Success”

Dana and Brad discuss IRA and Social Security payments. Takeaways: -You are required to start taking Required Minimum Distributions from your IRA accounts at 72 and missing these can lead to penalties. More information can be found at (https://www.irs.gov/retirement-plans/retirement-plan-and-ira-required-minimum-distributions-faqs) -If you take Social Security benefits before your Full Retirement Age you are subject to penalties if you make too much money. The current earnings limit for 2023 is $21,240. 1 (1. https://www.ssa.gov/benefits/retirement/planner/whileworking.html) -Download our FREE helpful resource, “The Social Security Decisions”

Dana and Brad discuss how to avoid being overwhelmed by taxes as well as how meeting with a retirement planner can benefit you. Takeaways: -You can pay taxes quarterly to help mitigate the loss of funds whenever taxes are due. -A retirement planner can help paint a greater picture of what your position in retirement may look like. -Download our FREE helpful resource, “Are You Paying Too Much in Taxes in Retirement?” Our firm is not licensed to offer tax preparation. We offer tax strategies related to investing and retirement income. Consult your tax advisor regarding your situation.

Whether it’s the threat of conflicts overseas, uncertainty about government policies, or the outbreak of a global pandemic, there could always be another storm brewing on the horizon. We can’t prevent these financial storms from popping up, but we can put strategies in place to navigate around them.

Whether it’s the threat of conflicts overseas, uncertainty about government policies, or the outbreak of a global pandemic, there could always be another storm brewing on the horizon. We can’t prevent these financial storms from popping up, but we can put strategies in place to navigate around them.