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A Little About Murs Tariq:

Murs Tariq is a CERTIFIED FINANCIAL PLANNER™ and a Partner at Peace of Mind Wealth Management. With over a decade of expertise in retirement planning, Murs is dedicated to helping clients pursue their ideal retirement. As an author and co-host of the ‘Secure Your Retirement’ show, Murs speaks on investing with risk management, income planning, and tax planning for and during retirement. As a first-generation American, Murs was brought up with a different perspective on the value of the dollar and the importance of proper budgeting, saving, and overall financial planning. It is this upbringing that led him to his Finance degree from North Carolina State University and eventually finding his passion in shaping the financial future of others

In this episode of The Millionaire's Lawyer, JP and Murs discuss:

Murs helps people achieve peace of mind while working out of Peace Of Mind Wealth Management

He strives to get people to a point where they know they do not have to worry about their finances come retirement

Principals of a Comfortable Retirement

1. Investment Management
   • Understanding the investment plan you have with your broker
2. Income Strategy
   • Social Security, Pension - when they come in, and what else we could make work for you.
3. Tax Strategy
   • Every asset is currently being taxed and the taxes keep changing. Make sure you are using the right structures for your goals
4. Estate Plan
   • Wills, Power of Attorneys, Trusts, Beneficiaries.

When you sign a Beneficiary sheet that will outweigh the Wills as that is considered your final wishes for the said account.

Murs and his team like to have a Goals conversation with their clients to figure out:

• When they plan on retiring
• How much money they currently have saved
• How much money they think they would like to spend in retirement. People who want to travel a lot require more money than people happy with a simple retirement

People get so good at making their money, being able to provide and have the cash, that they completely neglect what they are going to require in the future.

When asked about Taxes in retirement, Murs mentioned:

• Over the last 5-6 years people have been becoming more and more aware of tax implications
• ROTH Conversions are great
• Life Insurance can be used as an inheritance

Connect with Murs Tariq

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Connect with your host, JP:

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Email:  jpmcavoy@conductlaw.com
Phone:  1-833-890-8878

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