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A solid financial plan is key to a confident and secure retirement. In this video, we’ll explore how planning ahead helps you manage income, reduce taxes, cover healthcare costs, and prepare for the unexpected—so you can enjoy your retirement with peace of mind.
So, here’s the question, Brian: we certainly cannot afford to take another major hit right before we retire. Should we be taking less risk, and how do we know how much risk is right?
A lot of people purely- are positioned for offense during their working years, their accumulation years, and that’s fine because you have time on your side. And any investment guru will tell you, well, as long as you got time on your side, you’ll be fine.
Now you’re going to have to have the sum of money generate the income for you. But the big problem they’re going to have is they’re going to have a big liquidity event. Yeah, that big liquidity event, Rebecca, means big taxes.
Their largest source of income is going to come from their retirement account, like a 401(k) or an IRA. And because of that, that is going to cause a multitude of problems, like paying higher taxes on their social security, having their Medicare premiums going up, right?
We have a problem in America today, and it’s the problem is getting bigger and bigger and bigger. You’ve got more and more people that don’t have adequate savings.
