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Rosewood Wealth Management
เข้าร่วมเมื่อ 6 พ.ค. 2022
John Stillman, owner of Rosewood Wealth Management, is a financial advisor in Durham, NC specializing in retirement income planning, long term care management, wealth management, and legacy planning.
What You Need to Know if You Plan to Retire Early
Are you in your early 50s and dreaming of retiring early? It’s a feasible goal with the right financial planning but there are milestone ages that you need to take into account.
Retiring early means different things to different people. For some, it's bowing out before the traditional retirement age, while for others, it's about clocking out permanently while still in their fifties. But regardless of how you define 'early,' there are certain financial considerations that are pivotal in the planning process.
We’ll lay out the ages you need to know about and the planning that needs to take place as a result.
Here’s some of what we discuss in this episode:
0:00 - Intro
2:05 - Age 65
4:36 - Age 62
7:10 - Age 59.5
10:45 - Get a jump on planning
_______________________________
CONTACT ROSEWOOD ☎
Website: rosewoodwealthmanagement.com/
Phone: (919) 391-3446
Email: info@rosewoodwealthmanagement.com
Appointment: rosewoodwealthmanagement.com/contact-financial-planner-durham-nc
Retiring early means different things to different people. For some, it's bowing out before the traditional retirement age, while for others, it's about clocking out permanently while still in their fifties. But regardless of how you define 'early,' there are certain financial considerations that are pivotal in the planning process.
We’ll lay out the ages you need to know about and the planning that needs to take place as a result.
Here’s some of what we discuss in this episode:
0:00 - Intro
2:05 - Age 65
4:36 - Age 62
7:10 - Age 59.5
10:45 - Get a jump on planning
_______________________________
CONTACT ROSEWOOD ☎
Website: rosewoodwealthmanagement.com/
Phone: (919) 391-3446
Email: info@rosewoodwealthmanagement.com
Appointment: rosewoodwealthmanagement.com/contact-financial-planner-durham-nc
มุมมอง: 210
วีดีโอ
Does Retirement Lead to Additional Stress?
มุมมอง 7521 ชั่วโมงที่ผ่านมา
The idea of retirement is one that’s filled with plenty of rest and relaxation, but the reality is stress doesn’t go away. From losing the structure of a daily routine to the challenges of socializing and finding new purpose, the pitfalls of retirement can certainly increase the stress you’re feeling. We heard from someone recently who had this concern about their upcoming transition so we want...
Is Now a Good Time to Buy Gold?
มุมมอง 10914 วันที่ผ่านมา
We’re just a few months away from another election and everyone anticipates it being another year, so what does that mean for your investments? When uncertainty starts to increase, there’s often a strong marketing push for buying gold, but is now a good time to do that? Today we’ll answer that question with a discussion on the role of gold in your portfolio as we prepare for election year madne...
Should you move your money to cash?
มุมมอง 66721 วันที่ผ่านมา
As you approach retirement or begin that next stage of life, the financial goals shift to protecting what you’ve saved. There are different ways to accomplish that goal, but with the volatility we’ve seen from the market, does it make sense to move to cash to be safe? Here’s the question we’ll tackle in this video: I haven’t decided on a specific retirement date yet, but hopefully it will be so...
Should I Take Out a Big Life Insurance Policy to Protect My Spouse?
มุมมอง 79หลายเดือนก่อน
A common situation that many couples have to face is one spouse being older than the other and worrying about how to protect them financially should something happen. What’s the best way to ensure they are taken care of after you’re gone? Is a big life insurance policy a good option? In this video, John will weigh in on this scenario and answer a question that we recently received: I’m not plan...
Should You Invest Aggressively in Your IRA in Retirement?
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For most people, investing strategies change as you age because you want to protect what you’ve earned rather than chasing bigger returns. But what if you have more than you’ll need for retirement in your IRA? Is that a time when being aggressive makes sense or should you still take a more conservative approach? In this video, we’ll be answering a question we recently received with this scenari...
Practical Strategies for Protecting Retirees Against Scams & Fraud
มุมมอง 91หลายเดือนก่อน
As much as any other threat, recognizing and avoiding scams has become a necessary skill for today’s retirees to develop. Technology continues to evolve at a rapid pace, which makes it more and more difficult to stay on top of the latest scams. This episode will highlight the most common financial scams being used right now to help you better recognize when you’re being targeted. Join us as we ...
Should You Take the Severance & Pension Buyout?
มุมมอง 55หลายเดือนก่อน
Should You Take the Severance & Pension Buyout?
How do you make better financial decisions?
มุมมอง 56หลายเดือนก่อน
How do you make better financial decisions?
Retired Early But Still Feel the Need to Earn Money
มุมมอง 2772 หลายเดือนก่อน
Retired Early But Still Feel the Need to Earn Money
Money Lessons While Filling Out Your March Madness Bracket
มุมมอง 882 หลายเดือนก่อน
Money Lessons While Filling Out Your March Madness Bracket
You suddenly have extra money, what should you do with it?
มุมมอง 432 หลายเดือนก่อน
You suddenly have extra money, what should you do with it?
Social Security - Is it okay to wait?
มุมมอง 1553 หลายเดือนก่อน
Social Security - Is it okay to wait?
Your Financial Advisor is Retiring, Should You Make a Change?
มุมมอง 63 หลายเดือนก่อน
Your Financial Advisor is Retiring, Should You Make a Change?
This is great info about gold.
400k in 5.3% high yield, 400k in index annuity with zero downside, 400k in bond funds, the rest of 2.5 million in stocks and ETF. Pretty well set to retire in 10 years. BTW, have two pensions too with a paid off home.
I remember when my dad retired, he started spending 20+ hours a week trying to analyze his budget, his investments, social security, minimize taxes, and ramping up his hobbies to 11. I also still saw him online past midnight on shared platforms and he is 70+. He also tripled how much he spent youtube and playing video games and kind of stopped interacting with people outside of my mom. When I call him, he said he was busier than he worked, which seems very wrong. When I visited him last Christmas, I verified all of this was true! He was spending 5+ hours in Excel a day and he is not even working. How do I help him or try avoid this trap?
Are you brainwashed? Where are you getting your data?
Cash is not safe.
What about a Reverse Mortgage?
Yes and if you have 7 figures in pre tax savings you might want to figure how to get some of that out before RMD age at a reasonable tax rate. Having a SS check makes that harder to do! Even worse if you live an an income tax state.
It's a gamble. Take it at 62 and live beyond 80 you lose. Take it at 70 and live beyond 80 you win. Now you also need to play it out a bit further. If you are a healthy 80 yr old you win. If your sick... Meh who cares
My strategy is to contribute to both my 401k and Roth401k. The majority is going to Roth but I increase my pre-tax savings once my federal tax rate gets to 22%. I know it’s just the marginal amount but getting taxed on the income from 44-95k does make a difference.
Don’t most people end up needing significantly less income in retirement? If I make $100k, spend $30k on taxes, and save $20k towards retirement, then I only need post-tax income in retirement of $50k to maintain my lifestyle.
55 year old. I make 52K/year and I would like to max out my Roth 401k at $23K and use my brokerage account money to make up the $23K. Is that a good idea to try to max out my Roth 401K and use brokerage account funds to make up the difference? Tax implications? I also max out my seperate Roth 401K at $7500. Thanks
What do you mean by “use brokerage account money to make up the $23k”?
I think he means to cover his living expenses.
Yes to cover my living expenses and max out my Roth401K for tax free income later. @@nutria12247
to cover my living expenses and max out my Roth401K for tax free income later. @@aerated
Actually a great and fitting analogy! Thanks John!