The Retirement Planning Guidebook helps you navigate through the important decisions to prepare for your best retirement. You’re going to have the detailed knowledge and understanding to make smart retirement decisions:
– Understand your personal
retirement income style, which can then help you navigate through the conflicting opinions about retirement strategies to make a choice your right path.
– Learn about
investment and insurance tools that may best resonate with your personal style.
– Determine if you are
financially prepared for retirement by quantifying your financial goals (annual spending, legacy, and reserves for the unexpected) and comparing them to your available assets.
– Make smart decisions for
when to start Social Security benefits, which could potentially fortify an additional $100,000 or more of lifetime income from Social Security.
– Develop a plan for making the best initial and ongoing choices from the
alphabet soup of Medicare options, as well as how to find health coverage if you retire before Medicare eligibility.
– Assess
where you wish to live in retirement and whether there are helpful ways to incorporate housing wealth into your retirement strategy.
– Come to a decision how to
manage your long-term care risk between self-funding, Medicaid, or private insurance, and take steps to fortify living at home for so long as conceivable.
– Understand how to
manage your taxes to pay less, to avoid common pitfalls, and to have more for your lifetime and your legacy. It is possible for you to to apply tax diversification, asset location, tax bracket management, and Roth conversions to support the sustainability of your retirement assets.
– Get your finances organized and understand how to get your
estate and incapacity planning documents in order, including your will, account titling, beneficiary designations, financial power of attorney, and advance health care directives.
– Identify whether there is a
role for trusts in your estate plan for reasons related to avoiding probate, controlling how and when assets are disbursed, obtaining creditor protections, or helping to manage estate taxes.
– Prepare for the
non-financial aspects of retirement, including the need to find purpose and passion, to understand if there is a role for work in retirement, to support relationships and social connections, and to maintain an active and healthy lifestyle.
Retirement has an entire vocabulary associated with it. We’ll demystify the 4% rule, sequence-of-return risk, time segmentation and buckets, reverse mortgages, income annuities, variable annuities, fixed index annuities, long-term care insurance, living trusts, irrevocable trusts, budgeting, the funded ratio, Medicare Advantage, Medicare supplements, diversified investment portfolios, Roth conversions, the hazards of the Social Security tax torpedo and increased Medicare premiums, buffer assets, 401(k) plans and IRAs, the rollover decision, distribution options for defined-benefit company pensions, required minimum distributions, qualified charitable distributions, aging in place, cognitive decline, and so much more.
The
Retirement Planning Guidebook does not let important matters fall through the cracks. This is a comprehensive look at the key retirement decisions to achieve financial and non-financial success. You’re going to have the foundation to profit from your retirement years, and I hope you are able to do something great!
