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When cooking up your favorite Italian dish, the most common ingredient is pasta, and there are 350 different types. But what about your retirement recipe? The most important ingredient is the retirement plan itself, with 14 different types. So what are the best ingredients for your Recipe for Retirement? In this episode, Joe Anderson, CFP® […]
A retirement strategy is like a basketball game: you want every single shot you take to be nothing but net, but sometimes you miss, and you need a Retirement Rebound. Joe Anderson, CFP® and Big Al Clopine, CPA show you how five plays can help you turn things around, get that rebound, and score a […]
How much should you save in pre-tax accounts vs. post-tax accounts? Joe Anderson, CFP® and Big Al Clopine, CPA spitball on the “age plus 20” rule for retirement savings, Roth 401(k) contributions and distributions, and a Social Security claiming strategy for Ralph and Marie in Wilmington, Delaware. Shawn wonders if YMYW listeners are ignoring the WEP and GPO when it comes to Social Security, that is, the Windfall Elimination Provision and the Government Pension Offset. Plus, can Jake and Amy in Iowa retire in 5 years, or do they need to work beyond age 60? Should Edwin stop making Roth contributions and start doing Roth conversions instead? And finally, how can Jeff in North Dakota’s son qualify for the American Opportunity Tax Credit?
Are you ready for retirement? In this episode of Your Money, Your Wealth®, Joe Anderson, CFP® and Big Al Clopine, CPA test your knowledge with this 18-question pop quiz and they provide actions you can take now to secure your retirement in the future. Retirement Pop Quiz Aware: Did You Know? Compare: Are You in […]
There are financial formulas to live by, and others that can absolutely derail your retirement dreams! Discover which retirement formulas and rules of thumb may be your golden ticket, and which are your one-way ticket to trouble, on this episode of Your Money, Your Wealth® with Joe Anderson, CFP® and Big Al Clopine, CPA. Formulas […]
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 the future? While Joe Anderson, CFP® and Big Al Clopine, CPA are on vacation, Your Money, Your Wealth® podcast producer Andi Last enlists the help of Pure Financial Advisors’ Managing Director Jake Greenberg, CFP®, ChFC® for a video case study (complete with visual aids!) on YMYW Extra number 6. Into which types of accounts should Bonnie and Clyde save for retirement? How much of their savings should they convert to Roth and when?
Inflation, required minimum distributions, asset allocation, stock market declines, Social Security and Medicare, long-term care and estate planning are important considerations when it comes to retirement planning, and it’s all too easy to make mistakes. After 40-plus years saving for retirement, the last thing that you want to do is sabotage all your hard work […]
Whether you’re a Millennial just getting started, a Gen-Xer juggling life’s competing demands, or a Baby Boomer eyeing the finish line, the stakes are high when creating financial security for your future. Joe Anderson, CFP® and Big Al Clopine, CPA guide you through the financial strategies and goals each generation should implement that can mean […]
Are you on track for retirement, or going off the rails? Chances are you have put some money away for retirement and some thoughts of what you’ll do once you say goodbye to your day job. But do you know if you are really ready to retire? How much is truly enough? Joe Anderson, CFP® […]
We understand the concerns that come with retirement, particularly the fear of running out of money, can keep you up at night. Pure’s Financial Planner, Kyle Stacey, CFP®, AIF®, provides practical strategies to navigate inflation and the rising cost of living. His aim is to help you thrive, not just survive, in retirement. He discusses: […]
Are you equipped with the insights needed to meet your financial goals for the new year? Pure’s Financial Planner, Michael Chipperfield, CFP®, AIF®, reviews five helpful tips to pave the way to success in 2024. Build an Emergency Fund Plan to Pay Off High Interest Debt Track Your Expenses Increase Retirement Savings Revisit Investment Strategy […]
Are you feeling uncertain about meeting your 2024 retirement savings target? Pure’s Financial Planner, Amy Catellino, CFP®, AIF®, shares practical steps and provides an example to guide you through a retirement review process. Build a net worth statement Add up liabilities Add up your income Figure out spending FREE GUIDE | Financial New Year’s Resolutions […]
Will Ron and Candy in Connecticut ever be able to retire, and are Bruce and Selina in Philly saving enough to retire? Plus, are Pebbles and Bam Bam in Kentuckystone missing anything when it comes to using their brokerage account to pay Roth conversion taxes? And Susan in San Diego is 55, spends about $36K a year, and has almost a million saved – can she retire yet? And finally, our buddy Will knows he shouldn’t time the market, but….
Updated for 2023: If you had to retire right now, could you afford it? No matter where you are in life or where you are with your savings, growing your wealth starts with having a plan that works for various stages of your life. In this guide, you’ll get a retirement reality check that will help give you […]
How much will money will you need in retirement, adjusted for inflation? Joe and Big Al spitball on your future dollars, how to calculate the tax on Roth conversions, and the benefits of converting to Roth when financial markets are down. Plus, should retirement savings contributions be half pre-tax and half post-tax? And finally, saving to a 529 plan for your kids, or sending them to Hollywood stunt training camp – which would you do!?
