Retirement planning is the process of determining how much you will need to save and invest in order to have enough money to live on during retirement. It involves setting goals, analyzing your current financial situation, and making a plan to help you reach your retirement goals.
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In this episode of Big Picture Retirement, Devin is joined by Alexander Davis, a financial advisor at Carroll Advisory Group, to address some of the most pressing questions from our listeners. Togethe...
Watch a free clip from the “Estate Planning in Your Retirement” online course to learn: The 4 essential questions that can help you determine if you need a trust or […] The post Do ...
Clients have several options to tackle this unpleasant topic, but for advisors, the best time to start the discussion is now....
There’s something sexy about a shiny gold bar, but should you go for the glitter? If you're tempted, a four-pronged investing approach could be best....
The biggest change coming to Medicare may be the $2,000 cap on Part D drug costs which has spawned a new program: the Medicare Payment Prescription Plan or MPPP....
I worked long and hard to make it to my role now where I make $130k per year. I am 59. I'm saving 45% of income and have $225k in retirement accounts. My plan on paper is to quit working at age 67. Hu...
Traditional planning for the cost of long-term care doesn't reflect the realities of what the costs are and how they'll be paid....
A 401(k) is a powerful retirement tool. Here's how they work and why your older self will thank you for investing in one....
It’s inevitable that stock market crashes will happen during your retirement; plan ahead to protect yourself....
Many couples trust each other and have shared goals for retirement, but more than half have yet to put an estate plan in place....
The single biggest retirement planning mistake to avoid, the problem with tax professionals, and answers to some of the most frequently asked retirement questions we get on YMYW: should you name a tru...
We’ve been so focused on the length of retirement and not running out of money that we’ve neglected the quality of the existence we’re sustaining financially....
Experts on retirement saving have plenty of ideas for making 401(k) plans work better. But most agree on the top priority: get these accounts into the hands of more people. Only about half of private-...
TL;DR; How did your desires and plans change during your go-go years? For example, did you expect to do huge amounts of travel only to burn out on it sooner than expected? Or, did your extra freedom o...
ERISA, which turns 50 this year, safeguards pensions and 401(k) plans. But it has limitations....
Retirement is more than planning an endless vacation. Longevity planning is preparing for what, how, where, and with whom to live well in older age for maybe 8,000 days....
How would retirement planning change if life expectancy rose to age 100? Exploring how differently each generation approaches retirement saving and spending....
Here are eight reasons why your kids should be involved with your estate planning meetings (and one potential downside to it). The post Why You Should Bring Your Kids into Your Estate Planning Meeting...
What are the key questions for Baby Boomers to ask when it comes to retirement planning? On this episode we explore a variety of questions and perspectives that could make a real difference. Glenn is ...
Tom Hawkins exposes the drawbacks for both plan sponsors and participants...
Planning for the unknown in retirement might sound impossible, but you can manage it by breaking it down into these five components....
Here are eight things you can do to help protect your family....
I (50f) am working on my final phases of retirement planning as a single person. Even if I were to find a partner, I would not get married again and plan on financially supporting only myself in the f...
I’m sharing our Colorado relocation story. Despite a few mistakes, we're finding balance in living well now and planning for the future....
After publishing my post, “When To Stop Contributing To A 529 Plan,” I felt a sense of emptiness. For years, I had been trying to find a logical way to decide when to stop saving for my ch...
Retirement tax planning should begin well before retirement. Listener Jodie, with over $2 million in assets in various types of accounts, is concerned about the high tax bracket she anticipates she be...
Supreme Court Loper case affects your estate plan. You might file a claim for refund or amended return. IRS Regulations not mandated by Congress may be challenged....
My wife and I are retiring next year, with plans to move to her hometown in Alberta, Canada, which is freezing cold for at least four months a year. So the tentative plan is to spend two or three of t...
Are big changes in tax laws coming soon? Not likely, but you might want to take advantage of higher estate and gift tax exemptions well before the end of 2025....
I’m curious if anyone here uses any DIY retirement planning software, or does everyone just pay a financial planner every year? I’ll be 63 later this year and planning on retiring sometime...
If you're delayed taking Medicare because you have employer coverage, changes ahead may disqualify your plan....
These contracts provide a clear framework for asset management and protection and are especially useful if you get married later in life....
I’m posting this here because a lot of retirees and soon-to-be retirees have relocation as part of their retirement plans. Also, a lot of us have been in our current homes for years, homes which...
Could Noah have been a good retirement planner? On this episode we discuss a number of possible comparisons between Noah's planning process and preparing for retirement. Glenn is available for in pers...
Estate planning for millionaires and high-net-worth families is a serious business. Set up your team, paperwork and tax plan to pass down wealth....
One in four 20-somethings in the Boston metropolitan area said in a recent survey that they are planning to quit urban life. Their biggest reason: high housing costs. South Carolina, on the other hand...
How are you feeling about the upcoming elections? Until about a week ago, I think that many folks might have had November on the periphery of their radar, especially if they don't live in a contested ...
Can your children or other loved ones be trusted to have unfettered control over substantial assets and cash?...
Your retirement plan isn't complete unless you have figured out how to lessen the impact of taxes on your nest egg. Here's where to start....
Everyone with children should contribute to a 529 plan. It is a tax-efficient way to save for college since none of the gains are taxable if used for approved college expenses. Today, it costs about $...
Thebrief’skey findings are: To encourage small firms to adopt retirement plans, policymakers have made it easier to participate in Multiple Employer Plans (MEPs). MEPs involve less administrativ...
Right now in Indiana anyway is the time for County Fairs. This is the first time I can get in for free with my senior citizen status. Plan on going next week. I absolutely love the smell and feel of t...
Before you start packing, you might want to check out the potential impacts on your taxes, investments, retirement planning and estate planning....
Understanding the trends and statistics that are associated with retirement is important. Retirement age trends and statistics offer valuable insights into the shifting landscape of retirement in the ...
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 ...
Millennials are saying only one or none to having children - what might declining birth rates mean for their retirement planning and living in old age?...
For your next good read, how about a book that will help improve your financial future?...
Husband and I are planning to retire in a little over 2 years. Planning to sell current house and buy a little land, downsize by building a smaller house (not tiny) but enough for 2 people. While we a...
I retired on Monday and no longer have access to my calendar, which admittedly I wasn’t enamored with (Outlook & Teams). I’m looking for something to track travel plans, doctor appoint...
met a lovely couple on the expedition cruise i recently took. Second marriage for both, but married recently. The story was rather amusing. They were reading about retirement, and life changes, and we...