On the Money with Secure Money: Episode 118

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Discover the stability and reliability that come with pension plans, ensuring a secure retirement. We’ll also explore the critical distinction between an investment plan and a retirement plan. Learn how to align your financial goals and investments to create a solid retirement strategy. Whether you’re a pension holder or navigating investment choices, this video is your guide to building financial security and peace of mind for your golden years. Tune in now and take charge of your financial future!

On the Money with Secure Money: Episode 117

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The last bull run that we’ve had was a long bull run. And this was where people got overconfident. Right? When you see young kids, you know, making lots of money in these Robin Hood accounts and these TD Ameritrade accounts, buying these individual stocks, that’s a sign that it’s not a time to get in. That’s a sign when you should be selling because when everybody’s buying, you should be selling.

On the Money with Secure Money: Episode 116

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They’ve got 100% of their money in the market, and they’re trying to pull income out of those accounts every single year, here’s what happens, market goes down, they lose money, but then they still have to take the money that they need. And so now they compound that loss further because they take the money that they need.

On the Money with Secure Money: Episode 115

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We live in a world where everything is paperless these days, I’m not a big fan of that. Yeah, I’ve lost very close people in my life, you have also, if you’ve ever dealt with someone that’s lost someone very close, they don’t know where passwords are. They don’t know where documents are.

On the Money with Secure Money: Episode 114

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So, taxes, and inflation, will reduce your purchasing power and erode your wealth faster than anything. And this is why we really have to look at tax planning strategies going into retirement. Now notice I said tax planning, right? Because tax planning is something that takes place right now, for the future.

On the Money with Secure Money: Episode 113

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Okay, the 250 that we put into the income bucket, that account that we chose to use for him, which was an income annuity, in five years will generate over $27,000 of income for him for the rest of his life. Amazing. And if he dies, the remaining balance will pay to his daughter.

On the Money with Secure Money: Episode 112

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And in retirement, it’s still the same money comes in, money goes out, but where the money is coming in from is what changes, because when you retire, the paychecks gonna stop. But bills, taxes, and all the things that you promised yourself that you were going to do in retirement, what we call the bucket list, right? You’re going to need money to do all those things.

On the Money with Secure Money: Episode 110

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For most people, if you ask them, you know what, what guaranteed sources of income you’re gonna have in retirement. And most people say, Well, we’re gonna have social security. That’s it. And you say, well, is that going to be enough money for you? And they say, No, it’s not going to be enough.