On the Money with Secure Money: Episode 57
So, you know, between the husband Social Security and the wife Social Security, they were going to be at about $60,000 a year. Okay. And then, but they needed about $80,000 a year to live off of. So that means they needed $20,000 a year in additional income.
On the Money with Secure Money: Episode 56
Now when you go to pull it out, it’s going to count as income. So, let’s suppose that you need $1,000 A month in income. Let’s suppose that right now you’re in a 20% tax bracket. So, when you pull that $1,000 out, you are not going to get $1,000, you’ve got to pay 20% in taxes on it. So you’re only going to net $800.
On the Money with Secure Money: Episode 55
So those are the things that you do see what a good plan should be able to address any level of inflation, yes, six and a half 7% inflation wherever the numbers at right now. It is a large jump. But with a good plan, you should be able to absorb that inflation rate, at least temporarily.
On the Money with Secure Money: Episode 54
And nobody has taken the time to show them how to use the money as a tool. The money is a tool to actually accomplish something in your life called freedom. That’s what it’s designed to do. It’s designed to give you freedom. It’s designed to give you your time back.
On the Money with Secure Money: Episode 53
But most people don’t do tax planning. This is a very overlooked area of financial planning, we’ve got a major problem because most people are putting money into tax deferred accounts like IRAs 401 K’s 403 B’s, they’re getting tax deductions, but all the growth on the money. And all the money they plan on taking out in the future is all going to be taxable.
On the Money with Secure Money: Episode 52
And, you know, I want you understand that there is a difference between a planning firm, and let’s just say a stock firm, you know, most people they’ll transact, you know, business with an advisor. But they’re really just buying financial products and financial products are important. But understanding what the plan needs to be, is the most important thing.
On the Money with Secure Money: Episode 51
To see a full schedule of our TV airtimes, please click here. Video Transcript Randy Major – 00:21 Hello, and welcome to On The money with secure money. My name is Randy major. And joining me today is president and founder of secure money advisors, Brian Quaranta. Hello, Brian, good to see you. Brian Quaranta […]
On the Money with Secure Money: Episode 50
So here, here’s my, here’s my objection against the way the industry talks about how easily it’s can the inflation problem can be solved by using the market. So, let’s just use the example of somebody that has $500,000. Okay, they’re invested in a stock market, because they want to keep pace with inflation. Now all of a sudden, the market goes down, and they lose 50% of their money. And their 500,000 goes to 250. How does that inflation strategy look?
On the Money with Secure Money: Episode 49
Most people don’t have a plan in place of determining the date in which they’re gonna retire. And there’s a lot of variables that go into, you know, they’re not sure when they collect social security. They’re not sure how to start withdrawing money from their investment accounts, a lot of people will tell me that they’re at a point in their life, where they can’t afford to lose a lot of money in the market anymore.
On the Money with Secure Money: Episode 48
It’s harder to do today because, you know, if you looked at retirement, you know, in the past, you had a social security check, which was one income stream. You had a pension check, which came in every month, that was a second income stream. And if you needed a third income stream, what you’d probably do is you take the money that you have accumulated, go down to the local bank and buy a CD.