The thought of going into retirement and running out of money is something that worries clients of John McCann and Michael Clark all the time. It is no fun watching someone worry about how much money that have left when they should be enjoying their time in retirement.
Spending time with a trusted financial advisor is certainly one remedy for this situation because you will be able to have a better idea how much you can afford each year without over using your account. Taking the guessing out of your plan is a real game changer. During this episode of the Let’s Talk Future Show, Michael and John will be answering a lot of text message questions all about FRS, (Florida Retirement System) Roth IRA’s, Inherited/Beneficiary IRA’s, and many other great topics that may relate to your current situation. As always, this show cuts through the noise and nonsense you hear about money and gives you the tools you need to build wealth, invest for the future, and put a plan in place.
Quote of the day: “We change our behavior when the pain of staying the same becomes greater than the pain of changing. Consequences give us the pain that motivates us to change.” – Dr. Henry Cloud
Need to find something from today’s show? We have you covered down to the minute!
- Text: How FRS calculates how much you will get? Don’t mistake with SS – 3 Min
- Text: Roth – Should I convert to Roth? – 7 Min
- Text: Is social security taxable? – 14 Min
- Text: Can I avoid taxes on inherited/beneficiary IRA’s – 28 Min
- Text: Interest rates up and my CD rate is coming due: what should I do? – 35 Min
The information contained in this blog does not purport to be a complete description of the securities, markets, or developments referred to in this material. The information has been obtained from sources considered to be reliable, but we do not guarantee that the foregoing material is accurate or complete. Any opinions are those of Michael Clark and not necessarily those of Raymond James. Expressions of opinion are as of this date and are subject to change without notice. There is no guarantee that these statements, opinions or forecasts provided herein will prove to be correct. Investing involves risk and you may incur a profit or loss regardless of strategy selected. Every investor’s situation is unique and you should consider your investment goals, risk tolerance and time horizon before making any investment. Prior to making an investment decision, please consult with your financial advisor about your individual situation. Information provided is not approved or endorsed by the Florida Retirement System.
Ep. 134: Hoarding Money in Retirement: Sacraficing Lifestyle?