Ed Slott might have summarized it best when he said, “Look, there will be a president for the next four years and another one after that. Everything changes. You must focus on your own plan.” We couldn’t agree more! But we all know it’s easier said than done. What happens on a large scale affects us. And it’s not realistic to ignore the bigger picture even if we don’t have control over it. However, it is easier to execute on our own plans.
Today, Dennis and Heidi will give you practical tips on how to take advantage of the good things. There will always be a reason to be negative. Stay positive by managing your own plan.
I (Shea) have a very vivid memory as a child riding around in my grandfather’s vintage truck and snacking on prunes. He said they were “dessert.” My grandfather did push-ups every morning, took his supplements and didn’t eat much sugar. He also saved his pennies. I wonder what he would think about today’s health care stat:
According to Fidelity research, the cost for health care post-age 65 is $295,000 per couple, excluding long-term care.
Health care is one of the largest expenses that people face in retirement. But don’t despair because there are ways to strategize and fill in the gaps.
Today we have guest expert, Laverna Witkop, from Ford Insurance. She specializes in working with retirees who are navigating the complex world of health insurance. Join us!
If 2020 were a candy bar, it would be a baker’s chocolate-covered sour patch with an endless sucker for the center (that’s our opinion anyways). Is it a trick or is it a treat? Well, maybe both! Our guest and America’s IRA expert, Ed Slott, has a few things to say about the tricks and treats of 2020. He’ll discuss the potential disadvantages and possibilities of the SECURE Act and CARES Act. And we’ll also get his take on the best strategic moves for the remainder of the year, how to plan for taxes and whether or not you should convert to a Roth IRA.
Today’s show will be a mixed bag.
There is one thing we can all agree on: 2020 isn’t the year we hoped it would be. We also realize that this year’s pandemic has forced many of you to revisit your estate planning, which might not have been at the top of your New Year’s Resolution list. A hot topic regarding estate planning and retirement saving is life insurance vs. Roth IRAs.
Both life insurance and Roth IRAs have something in common: they are wealth transfer tools that help facilitate an efficient transfer of assets from one generation to the next and can provide a tax-free legacy. And yet, they are very different because they play by different rules.
Today, Dennis and Heidi will give you three important differences between the two along with tips on how to investigate both!
A lot can change in a year (insert sarcastic laugh). Maybe the job you thought would never end has been eliminated. Or perhaps you’re retiring earlier than expected. Or maybe this year has brought a lot of clarity and you’ve decided to change directions.
If you have a 401(k) company plan, you have options for the distribution of it. In fact, you have SIX options! How exciting is that? Today, Dennis and Heidi will go through the six options with you along with tips on how to invest if you’re over 70 and working.