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Welcome to this week’s edition of on the money with Secure Money with Brian Quaranta. Of course, he is the CEO and founder of Secure Money Advisors. What they do is in the name. It is in the name of the show. It is all about securing your money. Great
You have to know how much income you will need to last you the rest of your life so you can sleep well at night and not worry about that. Social Security was it meant to be taxed when it was created? Why is it taxed? And how does that
We’re always talking about the roadmap to retirement. How do you get there? How do you see a clear, easy path? Brian wrote this book, and he wants each and every one of you to have a copy of it, so definitely give us a call during this broadcast.
Well, first off, we’re always going to have major world events going on, major economic events going on, that’s never gonna go away. So, if you’re getting ready to retire, and you plan on living, you know, a great retirement for the next 30 years, you’re gonna see a lot
So, we have to look at the tax rate because we need to see what your net income is going to be after taxes. Once we understand what your net income is, we apply the expenses. And then we can see after expenses, what you have leftover. And now that’s
First off, what we don’t, what a lot of people don’t understand is that bonds are risky, just like stocks are risky, bonds can lose money. You know, last year, I believe bonds were down about 17%. So that’s a big loss to take and something that you probably were
So, you put, put 100,000 It grows to a million you pull it all out, you got 600,000. Okay, well, if I use the Roth portion, instead, I put the 100,000 and it grows to a million, I pull out the million, I have a million. That’s the benefit of
Now, some advisors might recommend well, we’ll keep like a year’s worth of cash aside so that when the markets down, we don’t have to take from the market account we can take from the cash. Okay, well, what happens if the markets down more than a year? What happens
It’s not that the market wouldn’t recover. It does. But when you’re retired, and you take a loss, the question is, the question is, will it recover in a time period you needed to recover it?
