Are you feeling anxious about your ability to retire comfortably? You're not alone. Recent surveys reveal a concerning reality: one in five Americans believe they'll never be able to retire, while a staggering 62% doubt that Social Security will cover even half of their expenses. It's a daunting prospect, but there's hope.
During this episode of the RichLife Retirement Show, Beau Henderson and Bruce Steinbrock dive deep into the critical steps you can take to gauge your retirement preparedness and create a comprehensive plan tailored to your unique goals and circumstances.
They'll guide you through a comprehensive retirement checklist, empowering you with the knowledge and actionable strategies to embrace your golden years with confidence. and peace of mind.
Here's what you can expect to gain:
Income Planning Strategies: Learn how to segment and optimize your income sources (Social Security, pensions, investments) for maximum benefit, including strategies to maximize your Social Security benefits* and avoid costly mistakes when tapping into pre-tax and post-tax accounts.
Tax Efficiency Strategies**: Understand the impact of provisional income (PIA) on your Social Security taxation and explore proactive strategies to manage taxes now and in the future, including navigating the looming tax landscape changes and RMD pitfalls.
Healthcare and Risk Management Insights: Factor in healthcare costs and long-term care considerations while preserving your nest egg from unexpected risks and market volatility.
Estate and Legacy Planning Guidance: Ensure your hard-earned assets are distributed according to your wishes and explore strategies to leave a lasting legacy for your loved ones.
Beau's expertise and Bruce's insightful questions will empower you with the clarity and confidence you need to create a retirement plan that aligns with your values and priorities.
"If we can create clarity around what it is you're wanting to accomplish, what are the puzzle pieces you have, the income sources and things we'll be talking about, we can start putting together more of a retirement strategy." -- Beau Henderson
To learn more, visit www.RichLifeAdvisors.com
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Disclosure:
Beau Henderson is an investment advisor representative with Fiduciary Capital, Inc., a registered investment advisor. Opinions expressed are for educational purposes only and do not constitute specific individual advice. RichLife Advisors does not offer legal or tax advice. Listeners are encouraged to discuss their financial needs with the appropriate professional regarding your individual circumstance.
Beau Henderson and RichLife Advisors are not associated with or endorsed by Medicare, the Social Security Administration, or any other government agency. Maximizing your Social Security benefits assumes foreknowledge of your date of death. Claiming later for a higher benefit may result in fewer benefits if you pass away earlier than expected. Investing in securities involves risk, including potential loss.
