Answering Legacy Planning Questions - March 2, 2024 by The Harlow Wealth Retirement Hour

A recent study showed that people have great concerns about their retirement readiness. The volatility of 2022 played into this in a big way, and folks are not as prepared savings-wise as they might have been. Today Danny looks at this study and discusses things you can do to align your strategy with the possibility of continued volatile market conditions so you can keep more of what you have saved and earned.

There are different kinds of financial advisors you can work with, but how can you determine which is best for your needs? Today Danny and Chris discuss this topic and some ways for you to help figure out what kind of advisor you need for your retirement plan.

Today Danny talks about eight specific risks that can mess up a retirement financial plan if they are not taken into consideration, and how planning can help mitigate some of the unknowns.

Retirement planning requires your money to work differently as you go through your after work years. Sometimes it might be for traveling and other fun things, later it could be for health care. Today Danny and Chris talk about the various stages where planning can help make sure your money is available for whatever your needs are in retirement

A recent study showed that people have great concerns about their retirement readiness. The volatility of 2022 played into this in a big way, and folks are not as prepared savings-wise as they might have been. Today Danny looks at this study and discusses things you can do to align your strategy with the possibility of continued volatile market conditions so you can keep more of what you have saved and earned.

Most people have retirement savings in 401Ks or other similar plans, which are tax deferred so you need to pay taxes on them later. Today Chris goes against the grain to talk about why deferring taxes may not be such a good idea, given the possibility of higher rates in the not too distant future.

Diversification, defense, dependable basic income and dynamic additional income. These make up the four D's that a person needs to be aware of when investing for retirement. Danny and Chris take a look at each of these areas and how to best use certain strategies to make sure they are covered in a solid retirement plan.

Today Chris uses his tax expertise to talk about the various ways retirement income can be taxed - or, with proper planning, not taxed, so that you can keep more money in your pocket and not dole it out to Uncle Sam unnecessarily.

Today Danny and Chris discuss this important subject - the ways taxes could bring your retirement plans down if you don't plan for them, as well as the opportunities you have to pay less if proper planning strategies are applied.