The economic realities facing today's pre-retirees and retirees are vastly different from those of previous generations. Today, there are steps to help navigate the new retirement and ensure that the nest egg lasts through retirement. The conversation covers various topics related to retirement planning, including the decline of company-paid pensions, reduced employer support for retirement savings, and the challenges faced by pre-retirees. It also discusses the importance of diversification in investments and the need to maximize guaranteed income sources. The conversation emphasizes the need to work with a knowledgeable professional and ask important questions about fees, qualifications, and investment strategies. They also explain their approach to retirement planning from an accounting perspective and how they measure the success of their clients. They discuss the use of annuities and HSAs in retirement planning, as well as provide guidance for individuals going through a divorce and needing to handle their finances independently

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The retirement of baby boomers has significant impacts on current retirees, the economy, and social systems. Key topics discussed include retirement planning, maximizing social security, healthcare planning, long-term care insurance, lifestyle and housing decisions, and retirement budgeting. The importance of financial planning, reducing debt, and having a cash reserve is emphasized. They also emphasize the need for personalized estate planning, including the use of trusts to protect assets and control distribution. The conversation then shifts to retirement income strategies, including rental properties, Airbnb, and laddered CDs. The hosts stress the importance of creating a steady income stream in retirement and offer advice on how to achieve this. They also address questions about claiming Social Security while still working and using brokered CDs in a laddered strategy.

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Retirement planning has undergone significant changes in the past 20 years, shifting from defined benefit plans to defined contribution plans. The three-legged stool of retirement (Social Security, pension, and personal savings) has become less stable, with many people relying solely on Social Security. Contribution limits for retirement accounts have increased, allowing individuals to save more for retirement. Required minimum distributions (RMDs) have changed, with different ages depending on birth year. Health savings accounts (HSAs) have become more popular, providing a way to save for medical expenses. Target date funds have emerged as a way to simplify investing, but behavior management is still crucial. Financial technology has made retirement planning more accessible and efficient. Annuities are often misunderstood but can provide lifetime income.The conversation touches on the similarities between annuities and pensions, the impact of fees on annuities, and the importance of working with a fiduciary. The hosts also discuss the growth potential of annuities and the concept of laddering multiple annuities. They conclude by addressing questions about paying off a mortgage with a Roth IRA and the impact of IRA withdrawals on Social Security income.

Reach out to Aaron and Rebecca at 918.913.0086 or https://ibmsb.com/contact-us/

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Aaron and Rebecca Novenger from Interstate Business Management discuss their Great Big Bike Ride to raise awareness about Ponzi schemes and the impact on victims and advisors. They also address the financial challenges faced by women in retirement planning and the disparity in earnings and investment strategies. The conversation covers a range of topics related to retirement planning, catch-up contributions, retirement accounts, long-term care, annuities, and estate planning. It emphasizes the importance of financial planning, maximizing retirement savings, and making informed decisions about insurance and investment products. The hosts provide valuable insights and advice on various aspects of retirement and financial management.

Reach out to Aaron and Rebecca at 918.913.0086 or https://ibmsb.com/contact-us/

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Retirement is full of surprises. How we deal with them could impact the success of our golden years. We break down the certainty of uncertainty in retirement. Also, Is your 401(k) doing all it can for your retirement? That depends. There’s good
news and not so good news

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The conversation revolves around the topic of Ponzi schemes and their devastating impact on individuals and families. The hosts discuss their cross-country bike ride to raise awareness about Ponzi schemes and support victims. They also touch on the topic of Social Security and the confusion surrounding required minimum distributions (RMDs). The conversation ends with an offer for a no-cost financial review to help listeners with their retirement planning.

Reach out to Aaron and Rebecca at 918.913.0086 or https://ibmsb.com/contact-us/

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When operating off generalizations or misconceptions about retirement, you can truly set yourself up for a dangerous and rocky detour along the road to retirement. To clear up any confusion, let’s dive into a few common financial planning misconceptions to avoid on your journey. In addition ,the little things can make the biggest difference and that old adage holds true to your finances as well. We’ve got a few simple steps you can take to save more now, so you can enjoy the retirement you’ve always wanted.

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The hosts discuss a bicycle ride they are doing to raise awareness and funding for families affected by Ponzi schemes. They also talk about the importance of planning for retirement and avoiding financial regrets. The conversation touches on topics such as credit card debt, market volatility, and the need to stay in your lane and hire experts for financial planning. The hosts offer a no-cost, no-obligation financial review for listeners. In this conversation Jackie Selby interviews Erin and Rebecca Novenger, who are on a bike ride across the United States to raise money for Ponzi scheme reform. They discuss the importance of planning for retirement and offer tips for saving and investing. They emphasize the need to start saving early and pay yourself first. They also stress the importance of involving both spouses in financial planning and making decisions together. They caution against spending too much too early in retirement and recommend having a comprehensive financial plan in place. They also address questions about managing an individual retirement account (IRA) and investing in precious metals.

Reach out to Aaron and Rebecca at 918.913.0086 or https://ibmsb.com/contact-us/

See omnystudio.com/listener for privacy information.