Hi guys, Welcome to the Advanced Video Search Engine, and you are watching Retirement Planning in Your 50s and Beyond. That video is uploaded by Approach Financial at 2022-03-01T13:03:43-08:00. We are promoting this video only for entertainment and educational purpose only. So, I hope you like & enjoy it. [Qk8z0jlm7YE]
| Name | Retirement Planning in Your 50s and Beyond |
| Video Uploader | Video From Approach Financial |
| Upload Date | This Video Uploaded At 01-03-2022 21:03:43 |
| Video Discription | Retirement planning at 50 and beyond is a great time to get serious. You’ve gained experience in life, and you might have assets at a level where the decisions you make have a significant impact on your quality of life. Plus, you may be looking for a change and planning for an exit from your current working life. Get free retirement planning resources: https://approachfp.com/2-downloads/ 🔑 9 Keys to Retirement Planning 🐢 6 Safest Investments These tips can help you navigate retirement planning in your 50s and improve your chances of success in retirement. Start by making financial moves that improve your financial security. For example, take advantage of catch-up contributions after age 50 if you’re able to, and make a plan for handling debt throughout retirement. You don’t necessarily need to pay off every loan (like your mortgage), although there are some advantages to going into retirement debt-free. If you can eliminate debt without causing unwanted consequences or hurting your chances of other goals, that’s great. Use the calculator shown here: https://www.approachfp.com/retirement-planning-around-age-50/ IRS on catch-up contributions: https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-catch-up-contributions 3 Ways to Estimate Your Retirement Income: https://www.approachfp.com/how-much-income-do-you-need-in-retirement/ Get familiar with your income sources, such as Social Security and pensions. Then, estimate your expenses, keeping in mind that your costs could change in retirement. In addition to inflation and healthcare causing some costs to rise, you might spend less in other areas, so it’s smart to run some numbers. Once you have a grasp of expenses and income in retirement, do some calculations to see if you’re on track, even at age 50. Online calculators aren’t perfect, but they might help you identify some opportunities (or challenges) in the coming years. When you’re in your 50s, you have some time to adjust, so now is the time to get those answers. 🌞 Subscribe to this channel (it's free): https://www.youtube.com/channel/UCFFNzgGX4UyGQk12KL38I1Q?sub_confirmation=1 CHAPTERS 0:00 Intro and Context 0:58 Catch-Up Contributions Can Help 2:04 Social Security and Pension Benefit Review 3:18 Manage Debts and Decide on Loan Payoff 4:24 Estimate Your Expenses 5:01 Retirement Calculation Tips 5:43 Refine Your Investing Strategy 6:30 Plan for Long-Term Care (LTC) 7:34 Envision Your Ideal Retirement 8:24 Questions to Ask Yourself Learn about working with me at https://approachfp.com/ ✔️ Flat-fee and hourly advice options ✔️ One-time projects available ✔️ Investment advice (optional) Justin Pritchard, CFP® is a fee-only fiduciary advisor who can work with clients in Colorado and most other states. IMPORTANT: It's impossible to cover everything you need to know in a video like this. The only thing that's certain is that you need more information than this. Always consult with a CPA before making decisions or filing a tax return. This is general information and entertainment, and is not created with any knowledge of your circumstances. As a result, you need to speak with your own tax, legal, and financial professional who is familiar with your details. This video is not a substitute for individualized, personal advice. Please verify with your plan administrator when employer plans are involved. This information may have errors or omissions, may be outdated, or may not be applicable to your situation. Investments are not bank guaranteed and may lose money. Opinions expressed are as of the date of the recording and are subject to change. ““Likes” should not be considered a positive reflection of the investment advisory services offered by Approach Financial, Inc. The Comments section contains opinions that are not the opinions of Approach Financial, Inc., and you should view all comments with skepticism. Approach Financial, Inc. is registered as an investment adviser in the state of Colorado and is licensed to do business in any state where registered or otherwise exempt from registration. Qk8z0jlm7YE |
| Category | Education |
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