Learn personal financial planning strategies as Joe and Al walk you through common case studies. Find out how to choose the right financial plan for you and your unique situation.
3:00 “If there’re ways you can reduce the overall tax liability of the overall distributions from your retirement income, you could take significantly less risk”
3:10 “Retirement planning and retirement income planning is something completely different from accumulation”
12:03 “A lot of people haven’t necessarily saved, and that’s going to be a huge component of their overall financial security, and if you don’t claim that right, then potentially you could leave a lot of money on the table”
18:15 “[Retirement] doesn’t happen by accident; it’s not about returns, it’s not about achieving some arbitrary number, it’s not about hot stocks or mutual funds, or even off-the-shelf products or solutions”
28:02 “If you look at where your savings is, if you have money outside of retirement accounts you can invest that in municipal bonds (that’s tax-free), you can invest that in stocks that pay dividends, domestic stocks or foreign stocks on the domestic exchange, qualified dividends…”
34:30 “If you’re retired, you need to have some stock market exposure because that’s the only asset that’s going to give you the growth that you need to be able to fund your lifestyle and to keep ahead of inflation”