When it comes down to it, you hear a lot about retirement. From emails, to TV advertisements, to friends talking, you really can’t seem to avoid the topic when thinking about your future. Now as we have said here on the show before, having a solid, flexible, long-term financial plan is critical to having a successful future, and that is absolutely true when you start to talk about retirement. However, we often get specific questions, usually along the lines of “How much do I actually need to retire?” or “Is there a way to find out exactly how much I’ll need for retirement?”.
On the surface, Medicare can seem like a complicated and intimidating part of planning for your future. However, it doesn’t have to be that way. Greg Rossler joins the show this week to help talk about everything medicare, and what you should know looking forward.
On this episode, Michael, John, and Greg had listeners call into the show live to ask the hosts some specific questions when it came to their Medicare situation, and what their best options where.
In the past 3 months alone, 401k assets have increased by a total of 1 trillion dollars. Not only has the American market be seeing great increases in these accounts, but the international markets have also been doing well. Now, why is this? What is causing this?
There’s actually a few reasons, but the most evident one is that we now see more and more people entering the workforce that are putting their money into these 401k accounts. This week, Michael and John discuss some key details about 401k and other retirement accounts to help you ensure that you can enjoy your money in retirement.
It’s not exactly what everyone wants to think about, but the reality is that we are only here temporarily. We only have a short amount of time here, and we’re very constantly encouraged to make the most of the time we have. However, one thing that often gets overlooked is what’s going to happen after we pass. Figuring out what you want to happen to your wealth and belongings after you die can seem like a complicated process to complete, but it doesn’t necessarily have to be.
We all can agree it’s much easier to continue to do something when we see positive results. Kids learn at an early age not to touch the stove or you will get burned. In the winter it’s easy to really want to drink hot chocolate as soon as you get it, but again, you’ll get burned. If you had waited for it to cool a bit, you would have been able to enjoy it without a burned mouth. It’s a similar strategy for investing for your retirement. You’ve probably heard of the investing strategy “Buy and Hold”, or “Buy Low Sell High”.