All in Retirement Planning
Happy New Year!
After months of debate, Congress finally passed some significant changes to retirement laws at the end of 2022. (1)
The Setting Every Community Up for Retirement Enhancement (SECURE) Act 2.0 changes are numerous, complex, and will roll out over several years.
So let's focus for now on some changes for 2023: (2)
1. The age at which required minimum distributions (RMDs) begin increased to 73 in 2023.
A good retirement savings strategy often includes several different types of accounts. By using the tax benefits of one type or another, it can be possible to save more than you could in a single account. This webinar addresses traditional and Roth accounts, IRAs and 401(k)s, and brokerage accounts. Eric Maldonaldo, a Certified Financial Planning practitioner, is presenting. Whether you’re close to retirement or still decades away, this informative webinar can help you optimize your retirement savings.
Retiring on your savings? Don’t let the value of your nest egg be lost to inflation. This webinar, with speaker Eric Maldonado CFP®, MBA, will address building a recession-proof fund, investing in real estate, withdrawals from your fund, and more.
Register here for our next live webinar, “Preserving Your Retirement Nest Egg”
https://us06web.zoom.us/webinar/register/9316608713707/WN_L3LecY_oRQ21rPwtwT2jkQ
Date: September 27th, 2022, at 12:00 PM PT.
If you retire with a set amount of money or a fixed income, inflation will wear away the value of that money over time. If you invest it, your nest egg is more likely to last as long as you need it to. This webinar will address building a recession-proof fund, investing in real estate, withdrawing from your funds, and more. Eric Maldonaldo, a Certified Financial Planning™ practitioner, will present. He will help both future and current retirees understand how to stay ahead of inflation and preserve the value of their assets.
Will Millennials have it better or worse than Boomers in retirement?
Millennials will have some advantages that no other generation before them has had.1
They’re going to enter retirement with more education and the ability to work longer and save more for retirement.1
But it’s not all sunshine and rainbows.
Millennials will also have more student debt.
And they’re getting married, buying homes, and having kids later in life than their parents and grandparents. That could mean they put off saving for retirement, too.1
So, what does that all mean for retirement in the future?
Like styles and feelings, retirement changes with time. And those who are looking to retire in 2050 won’t have the same experience as today’s retirees.
So, how will retirement be different in 2050?
The answer to that is the focus of this month’s Aquila Wealth Newsletter.
We were featured and interviewed for The Wall Street Journal in an article entitled:
Here’s the link to the article: https://www.wsj.com/articles/bitcoin-in-your-401-k-is-that-a-good-idea-11651291205
What’s the best age to retire at?
How do you know when it’s the right time to retire?
We often spend a lot of time pondering those questions.
And we tend to confine our thinking to the financial side of things.1
How much do we need to retire and how far will our money go in retirement?
Answers to those questions are important.
But they aren’t the only things we need to consider if we want maximum fulfillment in retirement.
We also need to think about our psychological needs, especially when it comes to how we transition into retirement and how we spend our time as retirees.
Conventional thinking frames retirement as an all-in or all-out venture. But that is not always the best approach. And it doesn’t help you figure out how to spend your time in meaningful ways when you do retire.
Thinking outside the box and considering some creative alternatives to traditional retirement can help. That’s the focus of this month’s Aquila Wealth Visual Insights Newsletter.
How does one safeguard their retirement future during these uncertain times?
Here’s a helpful and FREE pdf guide download that will help you with:
3 simple steps to help protect your cash-flow, assets, and mindset.
A couple of common financial mistakes to avoid.
The first step to clearing the fog of uncertainty.
Retirement During Uncertain Times — Free PDF Guide Download
Upon reading this, feel free to reach out to us with any questions or to schedule a free and confidential Retirement Readiness Session.
At the end of 2019, Congress passed the most sweeping change to retirement rules in over a decade.(1)
Known as the Setting Every Community Up for Retirement Enhancement Act (SECURE Act), this legislation went into effect on January 1, 2020, and impacts retirement and estate planning rules.
Here are a few of the biggest takeaways from the Act:
RMDs Now Start at Age 72
