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And so, by understanding where you are, and then us analyzing where you potentially need to go, we can help minimize risk, and potentially maximize return. But more importantly, help you focus on maximizing your Social Security and other income sources.
You can’t control tax brackets. So, if all of a sudden, your tax bracket now goes to 30%, that same $1,000, withdrawal is only going to net you $700 a month. So now you’re going to take to have to take more money out, which now causes the problem of
Well, tax planning is really big, because tax planning ties into purchasing power. And when we talk about retirement planning, we really- the main focus is how are we going to get an individual the monthly income that they might need.
You know, the way that we define it at Secure Money Advisors is if it can go up in value, or down in value, it’s going to be risky, and you have no control over it. And you have- no matter what you do you have no control over it.
But more importantly, mutual funds, and individual mutual funds or mutual funds and bonds that are typically found in 401K’s those are not products, those are not financial products that provide income.
So, we have to look at these situations, though. Because if you have a health event very early on in retirement, that’s more of a problem than if you have a health event 25 years in the retirement, right.
That’s what we’re seeing right now. Big, big correction. Yeah. And, you know, unfortunately, you know, if you’ve got time, you know, if you got, you know, 15-20 years in front of, you’re probably not as worried. Sure. But for those that are five years out from retirement, or retired,
Investors selling at the wrong time and getting back in at the wrong time and people what they do over and over again. And as they sell at the bottom, and then when the market recovers, they buy back in at the high. And this is why you don’t want
So, the question is, when do you collect your Social Security? And when do you start pulling money out of your retirement accounts. And at secure money advisors, we’ve created a social security and income maximization report that helps you figure out when is the best time to turn the
