November is just a few weeks away, which means the December 31, 2023, deadline for retirement planning is quickly approaching. Now is the time to wrap up the year with RMD, QCD and Roth conversion planning and focus on retirement planning for 2024.
On today’s show, Heidi will discuss the key features to the SECURE 2.0 Act provisions that will become effective January 1, 2024. It’s important for the advisors, as well as clients, to stay up to date and plan ahead for the important changes ahead. Nathan will discuss the five tax moves retirees should consider before December 31, as well as some strategies to help make your retirement income last. Deann will bring the stats with updates on our economy and the topics discussed.
So tune in and take control!
According to the Center for Medicare Advocacy, as of March 2023, nearly 65 million people are enrolled in Medicare, an increase of almost 100,000 since September 2022. Deciding on healthcare is a significant part in planning for your retirement. There are many factors to consider when educating oneself in the complex field of Medicare. Fortunately, there are professionals who specialize in this and can help navigate eligible enrollees through the process … and we know two of them!
Laverna Witkop and Dawn McConnell from Ford Insurance Agency will join us LIVE on the show today. They will cover all the basics of Medicare as well as talk about the open enrollment period, known as the Medicare Advantage and Prescription Drug Plan annual election period, or AEP, which is October 15 through December 7. It’s time to review and pay attention to changes. This also might be a good time to jump in! Open enrollment for individual health insurance plans is from November 1 to January 15, 2024. Now’s the time to ask the experts, so have your questions ready.
Tune in and take control!
Today’s show will feature a special guest, Jennifer Ewing, who has lived in Traverse City for more than 25 years and has worked in the Human Resources field for more than 32 years. Unfortunately, Jennifer lost both of her parents, but she has gained much firsthand knowledge as the executor of her parents’ estate. Deann and Nathan will discuss Jennifer’s experience, covering all the helpful tips – what she wishes she had known, what she’s glad she knew prior to her parents’ deaths, and all the nuggets of knowledge in between.
Though this is a sobering topic, we hope to share some vital information for both parents and their children in planning for and ultimately facing the inevitable. Know there are financial professionals who can and will help navigate you through the details. Know to be tenacious and keep asking questions. Know that you’re not alone. Jennifer’s experience and contagious energy are sure to bring a lively show.
So tune in and take control!
We all remember the famous Wendy’s ad a couple of decades ago in which an older woman asked where the beef was in her burger. On today’s show, we’ll try to answer that question in terms of investment and/or allocation opportunities for you. Sometimes opportunity doesn’t knock … you must open the door! Capital Group, which oversees American Funds Group, recently published an update whose title is both intriguing and apropos: “As rate hikes near end, historic investor opportunity may begin.” The advisors at Capital Group believe we’re on the cusp of a major transition, where long-term investors can find attractive income opportunities as central banks pivot from restrictive monetary policies to something much more accommodative. Both Heidi and I (Dennis) will discuss these issues related to your longer-term investments and what your options might be to control risk and take advantage of the potential opportunity. Nathan will bring the stats, and there are a fair number this week, with updates on inflation and many others as we delve into the world of your money.
Tune in and take control!