Retirement planning is the process of determining how much you will need to save and invest in order to have enough money to live on during retirement. It involves setting goals, analyzing your current financial situation, and making a plan to help you reach your retirement goals.
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In this episode of Big Picture Retirement, Devin is joined by Alexander Davis, a financial advisor at Carroll Advisory Group, to address some of the most pressing questions from our listeners. Togethe...
Clients have several options to tackle this unpleasant topic, but for advisors, the best time to start the discussion is now....
Traditional planning for the cost of long-term care doesn't reflect the realities of what the costs are and how they'll be paid....
The single biggest retirement planning mistake to avoid, the problem with tax professionals, and answers to some of the most frequently asked retirement questions we get on YMYW: should you name a tru...
We’ve been so focused on the length of retirement and not running out of money that we’ve neglected the quality of the existence we’re sustaining financially....
How would retirement planning change if life expectancy rose to age 100? Exploring how differently each generation approaches retirement saving and spending....
Here are eight reasons why your kids should be involved with your estate planning meetings (and one potential downside to it). The post Why You Should Bring Your Kids into Your Estate Planning Meeting...
I (50f) am working on my final phases of retirement planning as a single person. Even if I were to find a partner, I would not get married again and plan on financially supporting only myself in the f...
Retirement tax planning should begin well before retirement. Listener Jodie, with over $2 million in assets in various types of accounts, is concerned about the high tax bracket she anticipates she be...
Supreme Court Loper case affects your estate plan. You might file a claim for refund or amended return. IRS Regulations not mandated by Congress may be challenged....
Are big changes in tax laws coming soon? Not likely, but you might want to take advantage of higher estate and gift tax exemptions well before the end of 2025....
I’m curious if anyone here uses any DIY retirement planning software, or does everyone just pay a financial planner every year? I’ll be 63 later this year and planning on retiring sometime...
These contracts provide a clear framework for asset management and protection and are especially useful if you get married later in life....
Could Noah have been a good retirement planner? On this episode we discuss a number of possible comparisons between Noah's planning process and preparing for retirement. Glenn is available for in pers...
Estate planning for millionaires and high-net-worth families is a serious business. Set up your team, paperwork and tax plan to pass down wealth....
Understanding the trends and statistics that are associated with retirement is important. Retirement age trends and statistics offer valuable insights into the shifting landscape of retirement in the ...
He's 56, she's 32. How does this 24-year age difference impact retirement plans for "Bonnie and Clyde", and what strategies should they implement now for the most tax-efficient retirement possible in ...
For your next good read, how about a book that will help improve your financial future?...
met a lovely couple on the expedition cruise i recently took. Second marriage for both, but married recently. The story was rather amusing. They were reading about retirement, and life changes, and we...
Instead of focusing on arbitrary market returns, in goals-based planning you focus on your personal needs and wants for your retirement....
A real life story of a wealthy man who had extensive real estate investments but could not manage them as he aged with cognitive decline....
LGBTQ+ considerations should be addressed routinely in estate planning. Definitions of children and descendants should contemplate surrogacy and adoption, and more....
The easy swing and follow-through of retirement planning starts with simple fundamentals. Start with your stance (aka your financial plan), choose the right club (aka asset allocation) and go from the...
Retirement planning is like climbing a mountain — how you came down the mountain is just as important, if not more so, than how you get to the top....
It is one of things I know I need to do, have some done, but keep putting off completing - yes estate planning. Luckily we have estate a section in our wiki https://www.reddit.com/r/retirement/wiki/in...
Don't let hot stock trends and fear of missing out derail your financial plan. Succumbing to emotion could put your retirement lifestyle at risk....
Having a clear understanding of Estate Planning is an important step in your Retirement Plan. Estate planning is a crucial aspect of financial management that helps your assets get distributed accordi...
Understanding the fundamentals of Estate Planning is important. Estate planning is a vital aspect of financial planning that ensures your assets are distributed according to your wishes and minimizes ...
We tend to think that adding more to our lives is the solution to success. Simplify your retirement planning and stop doing these six common habits....
Hi. Curious what others do for financial planning when you don’t have much in investable assets but do have a lot in a company 401(k) and deferred compensation plan that will pay out over a numb...
Bucket Investment planning is key to financial management. Bucket Investment Planning is a strategic approach to managing one’s investments, designed to achieve specific financial goals while mi...
Listener Sherry asks a good question: How do large, one-off expenses (like a new roof, new car, etc.) fit in the 4% Rule? James explains the concept of the 4% Rule and its limitations while demonstrat...
This couple is learning about how their RMDs fit into their retirement plan. Required Minimum Distributions (RMDs) are a vital aspect of retirement planning that every retiree should understand to eff...
Home equity is sometimes overlooked as a viable resource in retirement. You don’t have to sell your home to find income and liquidity....
In today's episode, we examine the recent IRS Chief Counsel Memorandum, which introduces significant changes to one of the cornerstone strategies in estate planning. We explore how these new guideline...
Tax planning is a multifaceted process that requires a personalized approach, especially for high-income individuals and families....
I couldn't be prouder to have my name above the door at Keen Wealth Advisors. If you've read my book, you know that I have a very personal connection to financial planning, and it's been my lifelong m...
A guide to how to navigate estate planning as a single person....
I'm really enjoying this group and learning a lot, but I have a few basic questions. I'm a 60 year old male hoping to retire before 70. I have $500,000 in my 401k, and 17 years left on my mortgage (Th...
Are there lessons we should learn from the comparison of the Rockefellers and the Vanderbilts? In this episode, we look at the contrasting estate planning tactics of two of America's wealthiest dynast...
I know so many people talk about moving post-retirement for better weather or family or cheaper living. I live in a HCOL area that I located to for my career a couple of decades ago— other than ...
Follow this estate planning checklist for you (and your heirs) to hold on to more of your hard-earned money....
Have you thought about retiring abroad? Oftentimes when we think of retirement, we think about sunny beaches with crystalline water shimmering in the sunshine. Could this or some other idyllic vision ...
With AI on the horizon to enable the optimization of retirement income plan choices, the retirement fortunes of retirees are about to improve....
Adding pension income to Social Security benefits and income from required minimum distributions could see you facing a tax torpedo and higher Medicare costs....
ProjectionLab is a powerful financial planning toolthat empowersdo-it-yourselfersto set and track financial goals and forecast how their wealth will change over a lifetime. We can use it to experiment...
Jennifer, 54, plans to retire soon. Her husband, 70, is retired, on Social Security, and dealing with some severe health issues. Jennifer worries about possibly becoming single in retirement, which co...
There are 46 million foreign-born people in the United States, creating a new, diverse market for financial services, employers, and financial professionals to discover....
An agile retirement plan is your map for living a fulfilling life in retirement. Without one, you risk missed opportunities and perhaps regrets....
A lot of an estate can be wasted on lawyers' fees when wills or trusts have built-in conflicts....