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The Inflation Challenge: Keeping Your Retirement Plan Ahead of Rising Costs
Mark and his wife are planning to retire this year, but like many new retirees, they’re worried about inflation eating away at their savings. In this episode, Chris discusses how rising prices can quietly erode purchasing power and what you can do to manage the effects on your income stream in retirement. From smarter withdrawal strategies to inflation-aware investing and flexible budgeting, this conversation is all about building a retirement plan that can weather the storm.
🎧 You’re Not Dead Yet: Thriving at the Crossroads of Building Wealth and Living Life.
Ready to take control of your financial future? Visit www.premieriwm.com for guides, tools, and personalized strategies.
Securities and advisory services offered through LPL Financial, a registered investment advisor, member FINRA/SIPC.
The opinions voiced in this show are for general information purposes only and are not intended to provide specific advice or recommendations for any individual. To determine which investments may be appropriate for you, consult with your attorney, accountant, and financial or tax advisor prior to investing.
Premier Investments & Wealth Management and LPL Financial do not provide tax advice, please consult your tax professional.
There is no assurance that the techniques and strategies discussed are suitable for all investors or will yield positive outcomes. The purchase of certain securities may be required to effect some of the strategies. Investing involves risks including possible loss of principal.
There is no guarantee that a diversified portfolio will enhance overall returns or outperform a non-diversified portfolio. Diversification does not protect against market risk.
Contributions to a traditional IRA may be tax deductible in the contribution year, with current income tax due at withdrawal. Withdrawals prior to age 59 ½ may result in a 10% IRS penalty tax in addition to current income tax.
A Roth IRA offers tax deferral on any earnings in the account. Qualified withdrawals of earnings from the account are tax-free. Withdrawals of earnings prior to age 59 ½ or prior to the account being opened for 5 years, whichever is later, may result in a 10% IRS penalty tax. Limitations and restrictions may apply.
Consult your tax professional about eligibility to Roth and Traditional IRA contributions. Contributions and earnings in a Roth IRA can be withdrawn without paying taxes and penalties if the account owner is at least 59 ½ and has held their Roth IRA for at least five years.
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By Premier Investments & Wealth ManagementMark and his wife are planning to retire this year, but like many new retirees, they’re worried about inflation eating away at their savings. In this episode, Chris discusses how rising prices can quietly erode purchasing power and what you can do to manage the effects on your income stream in retirement. From smarter withdrawal strategies to inflation-aware investing and flexible budgeting, this conversation is all about building a retirement plan that can weather the storm.
🎧 You’re Not Dead Yet: Thriving at the Crossroads of Building Wealth and Living Life.
Ready to take control of your financial future? Visit www.premieriwm.com for guides, tools, and personalized strategies.
Securities and advisory services offered through LPL Financial, a registered investment advisor, member FINRA/SIPC.
The opinions voiced in this show are for general information purposes only and are not intended to provide specific advice or recommendations for any individual. To determine which investments may be appropriate for you, consult with your attorney, accountant, and financial or tax advisor prior to investing.
Premier Investments & Wealth Management and LPL Financial do not provide tax advice, please consult your tax professional.
There is no assurance that the techniques and strategies discussed are suitable for all investors or will yield positive outcomes. The purchase of certain securities may be required to effect some of the strategies. Investing involves risks including possible loss of principal.
There is no guarantee that a diversified portfolio will enhance overall returns or outperform a non-diversified portfolio. Diversification does not protect against market risk.
Contributions to a traditional IRA may be tax deductible in the contribution year, with current income tax due at withdrawal. Withdrawals prior to age 59 ½ may result in a 10% IRS penalty tax in addition to current income tax.
A Roth IRA offers tax deferral on any earnings in the account. Qualified withdrawals of earnings from the account are tax-free. Withdrawals of earnings prior to age 59 ½ or prior to the account being opened for 5 years, whichever is later, may result in a 10% IRS penalty tax. Limitations and restrictions may apply.
Consult your tax professional about eligibility to Roth and Traditional IRA contributions. Contributions and earnings in a Roth IRA can be withdrawn without paying taxes and penalties if the account owner is at least 59 ½ and has held their Roth IRA for at least five years.