The year-end is fast approaching. We did know it will be a crazy year because of the elections but we did not anticipate the year will go this way with the pandemic.
In today’s episode, we will discuss the three big risks that we need to manage for retirement. It is important to have a plan after what has happened this year. If you haven’t had your plan assessed or reviewed, now is certainly the time to do that.
In this episode, you'll learn...
Chris’ positive focus for the week
Year-end recap
Secure act
SECURE Act can only stretch that IRA up to 10 years
The misconception about the tax-deferred account
Three Big Risks of pre-retirement
Required minimum distributions from your pre-tax accounts
The real reason why they pass the SECURE Act
Why the gov't wants you to defer your tax
How tax can be the biggest risk
The window of opportunity for tax management
Importance of Qualified tax Analysis
How $22 Trillion debt affects the tax status in the future
Mitigation of long term care cost
Statistics of nursing home care
Market volatility as risk and pre-retirement
Investment audit
Waiving Penalty under 60
Rich Man's Roth
Checking where you fall in terms of the tax bracket
Moving to the tax-free bucket
Links and Resources:
contact@castlewealthgroup.com
www.wisdomwebinar.com
castlewealthlegal.com
RetirementPlanWebinar.com
AlzElderCare.com
castlewealthgroup.com
TheChrisBerryShow.com
Michiganestateplanning.com
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