This conversation delves into significant changes in retirement planning set for 2025, including higher contribution limits for 401k plans, automatic enrollment expansions, and updates to required minimum distributions (RMDs). Jeremy Nelson explains the implications of these changes, including the introduction of Roth matching contributions and Qualified Longevity Annuity Contracts (QLACs). The discussion also honors veterans by drawing parallels between military branches and retirement planning strategies, emphasizing the importance of diversified investment portfolios, emergency funds, and risk management. The conversation concludes with insights on the emotional and psychological aspects of transitioning into retirement. In this conversation, Gary Nolan and Jeremy Nelson explore the various phases of retirement, discussing the emotional and practical transitions individuals face as they move from the excitement of retirement to finding new purpose and engagement. They delve into the importance of planning for the later stages of life, including the need for dignity and comfort in old age. The discussion also covers financial considerations, such as comparing 401k and IRA fees, and evaluating the role of annuities in a retirement plan.

Reach out to Jeremy at 800-800-6073 or https://www.myelementwealth.com/

See omnystudio.com/listener for privacy information.

In this conversation, Jeremy Nelson and Gary Nolan discuss essential strategies for wealth preservation and financial planning. They emphasize the importance of creating a financial plan, diversifying investments, maintaining a cash reserve, minimizing taxes, drafting a will, using insurance to manage risk, and thinking generationally about wealth transfer. Each topic is explored in depth, providing listeners with actionable insights to enhance their financial health and security. In this episode of Element Wealth Radio, Gary Nolan and Jeremy Nelson delve into critical aspects of retirement planning, including tax implications, income streams, medical costs, estate planning, and investment strategies. They emphasize the importance of a comprehensive financial plan tailored to individual needs, addressing listener questions and providing insights on navigating the complexities of retirement.

Reach out to Jeremy at 800-800-6073 or https://www.myelementwealth.com/

See omnystudio.com/listener for privacy information.

In this episode, Jeremy Nelson and Gary Nolan discuss the realities of retirement, emphasizing the importance of financial planning, health, and understanding market dynamics. They address common concerns such as stock market fluctuations, Social Security, and inflation, while also providing insights on how to navigate these challenges effectively. The conversation draws parallels between managing retirement and dealing with various types of Thanksgiving guests, highlighting the importance of being open-minded and proactive in financial decision-making. In this segment, Jeremy Nelson discusses various financial strategies and investment options, including the importance of a balanced perspective when making financial decisions. The conversation covers the pros and cons of cryptocurrency, gold, and stocks, emphasizing the need for diversification in retirement portfolios. Additionally, Jeremy addresses specific retirement scenarios, offering insights on how to create guaranteed income streams and the importance of consulting with professionals for realistic financial planning.

Reach out to Jeremy at 800-800-6073 or https://www.myelementwealth.com/

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In this conversation, Jeremy Nelson and Gary Nolan discuss the realities of retirement, highlighting common mistakes retirees make, such as underestimating expenses and failing to maximize social security benefits. They emphasize the importance of having a tax strategy and planning for long-term care. The discussion also covers the overwhelming choices in retirement planning and draws lessons from notorious financial crimes, warning listeners to be cautious and informed in their financial decisions. In this conversation, Jeremy Nelson and Gary Nolan discuss critical aspects of financial planning, including cybersecurity threats, the importance of estate planning, and strategies for wealth transfer. The conversation concludes with a Q&A segment addressing common retirement scenarios and the importance of tax planning in retirement.

Reach out to Jeremy at 800-800-6073 or https://www.myelementwealth.com/

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In this episode, Gary Nolan and Jeremy Nelson explore the intersection of Halloween candy and retirement planning strategies. They discuss various candies as metaphors for financial concepts, such as diversification, multiple income streams, long-term planning, and balancing risk and reward. The conversation also addresses the challenges facing retirees today, including inflation, social security decisions, healthcare costs, and the importance of diversification in volatile markets. In this conversation, Jeremy Nelson discusses various strategies for retirement planning, emphasizing the importance of diversification, professional guidance, and understanding the implications of market volatility and inflation on long-term financial security.

Reach out to Jeremy at 800-800-6073 or https://www.myelementwealth.com/

See omnystudio.com/listener for privacy information.

In this episode, Gary Nolan and Jeremy Nelson discuss essential steps for those planning to retire in 2025, emphasizing the importance of fine-tuning retirement budgets, maximizing savings, and developing a social security strategy. They also explore the connection between love languages and retirement planning, highlighting how different love languages can influence financial decisions and retirement readiness. In this episode, Gary Nolan and Jeremy Nelson discuss the critical gaps that can hinder effective retirement planning. They explore the knowledge gap, resource gap, perception gap, and empowerment gap, providing insights on how to bridge these gaps for a successful retirement. The conversation also includes listener questions, emphasizing the importance of proactive financial planning and the need for professional guidance.

Reach out to Jeremy at 800-800-6073 or https://www.myelementwealth.com/

See omnystudio.com/listener for privacy information.

In this conversation, Jeremy Nelson and Gary Nolan discuss the importance of seasonal changes in financial planning, emphasizing the need for early saving, maximizing contributions, and preparing for retirement transitions. They explore the unique challenges faced by Gen X in catching up on retirement savings and highlight common retirement traps, such as high fees and unexpected healthcare costs. The discussion also covers strategies for managing investments and ensuring a secure retirement income, while addressing hard financial questions and scenarios.

Reach out to Jeremy at 800-800-6073 or https://www.myelementwealth.com/

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In this episode of Element Wealth Radio, Jeremy Nelson and Gary Nolan discuss the intersection of emotions and financial planning. They explore how happiness, sadness, fear, anger, and other emotions impact retirement strategies. The conversation emphasizes the importance of creating a lifestyle budget, preparing for unexpected expenses, and managing risks. Additionally, they provide insights on year-end financial strategies, healthcare costs in retirement, and the significance of long-term care insurance. The episode concludes with practical advice on utilizing health savings accounts and other tax-advantaged savings options.

Reach out to Jeremy at 800-800-6073 or https://www.myelementwealth.com/

See omnystudio.com/listener for privacy information.