Today I am going to share 3 critical ways to manage risk in your retirement portfolio.
Whether you are fully invested or have cash that has been sitting on the sidelines,
I believe that you have more influence over your investment outcomes than you are being led to believe.
Now, The process and tools I go over today are influenced by my personal beliefs about investing -
But I do believe that they can help you deploy your cash, reduce risk, or shield from volatility - but it will require an understanding of some basic concepts.
If you found this episode helpful, subscribe so you don't miss any future episodes.
Also, I'd greatly appreciate it if you gave a rating and review. It helps other people just like you find the podcast and benefit from discussions on these topics as well.
Eric Amzalag, CFP®, RICP®
_ _
Want help with your Retirement Plan?
Email me: Eric@thepeakfp.com
#retirement #howmuchtoretire #retirementplanning #rothira #rothconversion #investing #401k #socialsecurity
When is a one - off financial planning fee appropriate?
When is a percentage of assets under management fee appropriate?
Everyone has opinions about these matters
And today I’m going to share mine with you all.
If you found this episode helpful, subscribe so you don't miss any future episodes.
Also, I'd greatly appreciate it if you gave a rating and review. It helps other people just like you find the podcast and benefit from discussions on these topics as well.
Eric Amzalag, CFP®, RICP®
_ _
Want help with your Retirement Plan?
Email me: Eric@thepeakfp.com
#retirement #howmuchtoretire #retirementplanning #rothira #rothconversion #investing #401k #socialsecurity
I came across a retirement finance article recently that really sent me loopy.
The title was:
Almost 50% of US households will outrun their savings in retirement — but this 1 money move could sustain your nest egg
The article quotes a study from the Morningstar Center for Retirement & Policy Studies.
Once I got past how misleading and malicious the headline was, the content underneath was actually reasonably good.
But I thought I’d make a quick video on the matter to show you all, people looking to retire happily and well, how the machine is working against you.
If you found this episode helpful, subscribe so you don't miss any future episodes.
Also, I'd greatly appreciate it if you gave a rating and review. It helps other people just like you find the podcast and benefit from discussions on these topics as well.
Eric Amzalag, CFP®, RICP®
_ _
Want help with your Retirement Plan?
Email me: Eric@thepeakfp.com
#retirement #howmuchtoretire #retirementplanning #rothira #rothconversion #investing #401k #socialsecurity
People who are in a good place to retire often do things that others do not - knowingly or unknowingly.
See, retirement is all about having plans in place.
Proactive plans that tell you what you SHOULD do.
But also REACTIVE plans that tell you what to do in case of an emergency.
These REACTIVE plans are what you rely on when one of your proactive plans goes wrong.
The group of people who are unknowingly in a good position to retire early are frequently there because they have been better about preparing their PROACTIVE plans.
If you found this episode helpful, subscribe so you don't miss any future episodes.
Also, I'd greatly appreciate it if you gave a rating and review. It helps other people just like you find the podcast and benefit from discussions on these topics as well.
Eric Amzalag, CFP®, RICP®
_ _
Want help with your Retirement Plan?
Email me: Eric@thepeakfp.com
#retirement #howmuchtoretire #retirementplanning #rothira #rothconversion #investing #401k #socialsecurity
No one wants to pay taxes - not before retirement, and certainly not IN retirement.
Today we are going to talk about Required Minimum Distributions and how to minimize the tax consequences of those RMDs.
The truth about taxes in retirement is very different from what we are led to believe online…
It’s very easy to feel like there is a “tax bomb” somewhere in your future.
It would be reasonable for that “tax bomb” to instill fear in you.
But the reality is that fear - especially when it comes to taxes - often leads to decisions with consequences that we may not always be clear about.
I'm going to illustrate this using a story.
If you found this episode helpful, subscribe so you don't miss any future episodes.
Also, I'd greatly appreciate it if you gave a rating and review. It helps other people just like you find the podcast and benefit from discussions on these topics as well.
Eric Amzalag, CFP®, RICP®
_ _
Want help with your Retirement Plan?
Email me: Eric@thepeakfp.com
#retirement #howmuchtoretire #retirementplanning #rothira #rothconversion #investing #401k #socialsecurity
In today’s video I’m going to do my best to address what might be the most frequently asked question when hiring a financial advisor - how much should I pay?
I am a Certified Financial Planner and Owner of an Independent Financial Planning Firm, and every year, we help retirees build robust retirement plans that match their life goals.
Despite the fact that I myself AM a financial advisor, and therefore am undoubtedly biased in this evaluation,
I believe there are many routes to financial and retirement success - and many of those routes DO NOT require hiring a paid, professional financial advisor.
But if you are in the position where you may want the help of a paid professional, it can be a truly daunting task to understand if you’re getting the value that you are paying for.
In this video not only are we going to walk through how to identify whether or not you should hire a professional paid financial advisor, we are also going to compare and explain the different fee structures within which financial advice can be obtained.
If you found this episode helpful, subscribe so you don't miss any future episodes.
Also, I'd greatly appreciate it if you gave a rating and review. It helps other people just like you find the podcast and benefit from discussions on these topics as well.
Eric Amzalag, CFP®, RICP®
_ _
Want help with your Retirement Plan?
Email me: Eric@thepeakfp.com
#retirement #howmuchtoretire #retirementplanning #rothira #rothconversion #investing #401k #socialsecurity
The 3 types of retirement plans (The Retirement Plans That Work For ALL Retirees)
Today I am going to explain how to prioritize your retirement planning efforts if you are within 10 years of retirement.
After building hundreds of financial plans, I’ve learned that there is an optimal “financial” order of operations that when used helps retiree’s save time and reduce stress.
In this podcast I am going to share the exact protocol we use at our independent financial planning firm to help clients get the most done with the smallest investment of time.
If I could summarize all the concepts from this video into 1 sentence it would be:
A mediocre plan that you can execute over long periods of time is far better than an incredible plan that you eventually abandon.
[...]
The downloadable material referenced in the podcast can be found here.
If you found this episode helpful, subscribe so you don't miss any future episodes.
Also, I'd greatly appreciate it if you gave a rating and review. It helps other people just like you find the podcast and benefit from discussions on these topics as well.
Eric Amzalag, CFP®, RICP®
_ _
Want help with your Retirement Plan?
Email me: Eric@thepeakfp.com
#retirement #howmuchtoretire #retirementplanning #rothira #rothconversion #investing #401k #socialsecurity
Resources referenced in the video:
Better Portfolio Risk Measures
If you found this episode helpful, subscribe so you don't miss any future episodes.
Also, I'd greatly appreciate it if you gave a rating and review. It helps other people just like you find the podcast and benefit from discussions on these topics as well.
Eric Amzalag, CFP®, RICP®
_ _
Want help with your Retirement Plan?
Email me: Eric@thepeakfp.com
#retirement #howmuchtoretire #retirementplanning #rothira #rothconversion #investing #401k #socialsecurity
In this episode I cover sequence of returns risk as thoroughly as one can cover it. The episode show notes include:
If you found this episode helpful, subscribe so you don't miss any future episodes.
Also, I'd greatly appreciate it if you gave a rating and review. It helps other people just like you find the podcast and benefit from discussions on these topics as well.
Eric Amzalag, CFP®, RICP®
_ _
Want help with your Retirement Plan?
Email me: Eric@thepeakfp.com
#retirement #howmuchtoretire #retirementplanning #rothira #rothconversion #investing #401k #socialsecurity
This episode will detail how we help clients understand when they can SPEND MORE in retirement.
If you found this episode helpful, subscribe so you don't miss any future episodes.
Also, I'd greatly appreciate it if you gave a rating and review. It helps other people just like you find the podcast and benefit from discussions on these topics as well.
Eric Amzalag, CFP®, RICP®
_ _
Want help with your Retirement Plan?
Email me: Eric@thepeakfp.com
#retirement #howmuchtoretire #retirementplanning #rothira #rothconversion #investing #401k #socialsecurity
This podcast will cover all things social security.
Listen to the episode to learn more.
If you found this episode helpful, subscribe so you don't miss any future episodes.
Also, I'd greatly appreciate it if you gave a rating and review. It helps other people just like you find the podcast and benefit from discussions on these topics as well.
Eric Amzalag, CFP®, RICP®
_ _
Want help with your Retirement Plan?
Email me: Eric@thepeakfp.com
#retirement #howmuchtoretire #retirementplanning #rothira #rothconversion #investing #401k #socialsecurity
In this episode we review a simple retirement formula that you can use to find the minimum amount of portfolio assets you would require on the day you retire.
We call this formula the "Required Portfolio Income" formula.
Required Portfolio Income is a fancy way of putting a dollar number to your expected distribution rate.
Thinking only about distribution rates is very hard to relate to for most of us.
We think in terms of dollars and cents.
Therefore, translating that distribution rate into an actual dollar amount answers the question:
How much money will I need to take out of my portfolio each year in retirement in DOLLARS.
Getting familiar with this formula will help take your retirement planning efforts out of the theoretical and into the practical...
Listen to the episode to learn more.
If you found this episode helpful, subscribe so you don't miss any future episodes.
Also, I'd greatly appreciate it if you gave a rating and review. It helps other people just like you find the podcast and benefit from discussions on these topics as well.
Eric Amzalag, CFP®, RICP®
_ _
Want help with your Retirement Plan?
Schedule a free consultation
Email me: Eric@thepeakfp.com
Avoiding retirement planning until JUST before you retire is extremely dangerous.
To use an analogy we are all familiar with - it would be like waiting to lose weight until you have a heart attack scare.
Planning for retirement is like turning the Titanic - not like turning a speed boat.
You need time and runway to maneuver so that you don't make rushed decisions from a place of panic or urgency.
This video will teach you the importance of retirement planning EARLY and educate you about THE MISSING PHASE OF RETIREMENT PLANNING so that you can take control of your financial future.
By the end of the episode, you'll be ready to start your retirement planning and make sure you're on track for a SUCCESSFUL RETIREMENT.
If you found this episode helpful, subscribe so you don't miss any future episodes.
Also, I'd greatly appreciate it if you gave a rating and review. It helps other people just like you find the podcast and benefit from discussions on these topics as well.
Eric Amzalag, CFP®, RICP®
_ _
Want help with your Retirement Plan?
Schedule a free consultation
Email me: Eric@thepeakfp.com
4 Things the Most Successful Retirees Do...
In this video we are discussing four key things that decrease the anxiety in retirement.
Have a system for:
1) Retirement Certainty
2) Retirement Reliability
3) Retirement Predictability
4) Retirement Frequency
Listen to the episode to learn more.
If you found this episode helpful, subscribe so you don't miss any future episodes.
Also, I'd greatly appreciate it if you gave a rating and review. It helps other people just like you find the podcast and benefit from discussions on these topics as well.
Eric Amzalag, CFP®, RICP®
_ _
Want help with your Retirement Plan?
Schedule a free consultation
Email me: Eric@thepeakfp.com