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A lot of people are telling me that they’re not retiring with pensions. So, they’re a little bit worried because, you know, they’re looking at what their income is going to be in retirement, and maybe the only income that they’re going to have is Social Security.
So, number one, having a plan that is designed not to run out of money, even when we have market volatility, okay. And we can talk about that a little bit more. Having a good tax strategy, right, making sure that when you are retired, you’re paying the least amount
She’s not going to be able to take the deduction when she makes a contribution to the Roth component of the 401k. But listen, I do a conversion almost every single year on my money, I rip the band aid off, I pay the taxes. Why? Because you got to
A fixed annuity can do that for you, I don’t have to take income from it. So it just grows like a bank seed a matter of fact, it’s even better than a bank CD because it grows tax deferred.
Yeah, well, number one, and most importantly, is income. Because the income is the driving force behind the plan, you really can’t make decisions on what to invest in, how much to contribute to your plan, what rate of return you need, what level of risk you need to take,
So, they created this thing called an income rider. Basically, what it does is it pays somebody an income stream for the rest of their life. But it costs money. Why would you pay money for something like this? Well, the benefit of paying the money for it is because
Okay, I understand if you delay it, you’re going to get the most amount. Yeah. But when we look at the plan, and we run the numbers, if they were to delay taking Social Security, and they would still want to retire, they would spend down so much of their
And so, our job is to first understand what the purpose of that money is, right? We always like to say purpose determines the placement of the money. But we always also address to people that there’s only four things that money can really do for you. Number one, it
To see a full schedule of our TV airtimes, please click here. Video Transcript Cynthia de Fazio – 00:20 And welcome to On The money with secure money. My name is Cynthia De Fazio and I’m joined today by Brian Quaranta. He is president and founder of secure money advisors,
