Beacon Retirement Strategies: Recent Episodes
Beacon Capital Management
We believe peace of mind in retirement requires a plan. When it comes to creating a retirement plan, there are a lot of things to consider. This podcast is dedicated to breaking down some of the more complex parts of retirement to put it into terms that are easier to understand.
No one wants to spend retirement worrying about their money but there are a lot of moving part. It’s easy to underestimate, or overlook a critical issue.
HERE ARE JUST A HANDFUL OF THE THINGS THAT WE'LL DISCUSS:
- Step 1: Planning for Taxes
- Step 2: What is Reliable Income built on
- Step 3: Dealing with second biggest thief of retirement
- Step 4: Your plan must address inflation and low interest rates
- Step 5: What about healthcare and long-term care
- Step 6: How do you know if you need an estate plan
HERE ARE JUST A HANDFUL OF THE THINGS THAT WE'LL DISCUSS:
- The “silent killer” in retirement
- Living in a low interest rate world
- What could be a BIG win in Taxes
- What does retiring during a downturn mean
HERE ARE JUST A HANDFUL OF THE THINGS THAT WE'LL DISCUSS:
- Benefits of proper portfolio diversification
- How to prepare for the biggest expense in Retirement
- Maximize your safest source of income
- In retirement, income is the outcome
- How to take advantage of the new Stimulus Bill (Cares Act)
- Opportunities available to save big on taxes
- What is involved in a properly diversified portfolio
- The value of lower fees and expenses
-
What can people do to keep themselves safe
-
What do people need to know if isolating themselves is a challenge
- What are some of the critical things to know about COVID-1
- Why past retirement strategies may not work for you today
- The 4% rule and why it’s likely not right for you
- The new strategies for diversified income in retirement
- Why rebalancing is so important for your portfolio
- Several popular strategies for rebalancing a portfolio
- Why rebalancing is a key ingredient to managing your risk
- What are all the different types of taxes that can impact your retirement?
- Importance of tax planning in addition to tax preparation
- The true value of tax diversification
- Is converting some or all of your money to a ROTH right for you?
- What is the new SECURE Act?
- What is the idea behind the new bill?
- How could it impact my retirement accounts?
- How did the new SECURE Act of 2019 impact RMDs?
- Most people take on too much risk
- Importance of getting a portfolio stress test
- Planning for risk
- Why do RMDs exist?
- How are the rules different for those who inherited a tax deferred account?
- How can I calculate how much my RMDs are going to be?
- What types of accounts have RMDs?
- What is the penalty for failing to properly withdrawal the RMD?
- How did the new SECURE Act of 2019 impact RMDs?
- Diversified Income is a MUST
- What makes up a truly diversified income plan?
- What are the different sources of income?
- Top 3 things your income plan should provide
- History of Social Security
- How to decide when to claim
- 2020 changes
- Why it's important to meet with a financial advisor before deciding to claim
- What is an annuity?
- Why have annuities gotten a bad name?
- Two basic types of annuities
- Fees
- The two types of Roths
- Contribution limits
- Traditional vs Roth 401k
- Roth re-characterizations