Finding the right financial advisor is crucial for your financial success. A recent Vanguard study found that an advisor-managed portfolio can grow significantly more than a self-managed portfolio over a 25-year period. Advisors provide emotional support, help with tax planning, and offer comprehensive financial planning services. When choosing an advisor, look for a fiduciary who has your best interests at heart and holds the necessary licenses. Trustworthiness and a holistic approach to financial planning are also important factors to consider. Inflation and market volatility should be taken into account when creating a long-term financial plan. In this conversation, Gary Nolan and Jeremy Nelson discuss various economic indicators and potential challenges in the economy. They cover topics such as rising delinquencies, commercial real estate crisis, bank closures, layoffs, the Dallas Fed Service Index, restaurant closures, and retail bankruptcies. They also touch on the use of ETFs and the importance of considering spousal benefits in pension elections. Overall, they emphasize the need for individuals to review their financial plans and ensure they are prepared for potential economic challenges.

Reach out to Jeremy at 800-800-6073 or https://www.myelementwealth.com/

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In this conversation, Jeremy Nelson and Gary Nolan discuss the importance of continuing to invest after retirement. They highlight several reasons why investing in retirement is crucial, including longevity, sustained income, growth potential, inflation protection, unexpected expenses, opportunities for enjoyment, and legacy goals. They also explore the concepts of risk tolerance and risk capacity, time horizon, and the need for returns in retirement. The conversation concludes with a discussion on the order in which to withdraw money from retirement savings to maximize growth and minimize taxes. In this conversation, Jeremy Nelson discusses various strategies for optimizing retirement income. He highlights the need to create a customized asset allocation and distribution strategy based on individual risk tolerance and goals. Nelson concludes by encouraging listeners to develop a plan and stick to it, while also being open to monitoring and adjusting as needed.

Reach out to Jeremy at 800-800-6073 or https://www.myelementwealth.com/

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Generation X faces challenges in saving for retirement, and they are often compared to Jan Brady, the middle child of the Brady Bunch. The oldest Gen Xers are turning 59 and a half, the earliest age to start withdrawing retirement assets without penalty. However, many Gen Xers feel unprepared for retirement and worry about the future of Social Security. The average savings of Gen X households is around $150,000, which falls short of their goal of $1.1 million. To boost retirement savings, it is important to save enough, diversify investments, and consider options like Roth IRAs, non-deductible IRAs, and real estate. In this conversation, Jeremy Nelson and Gary Nolan discuss various financial topics related to debt management, investing, and retirement planning.. They highlight the importance of diversification and having a balanced portfolio. Finally, they address common retirement scenarios and provide advice on navigating issues such as required minimum distributions and convincing a spouse about retirement possibilities.

Reach out to Jeremy at 800-800-6073 or https://www.myelementwealth.com/

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The economic realities facing today's pre-retirees and retirees are vastly different from those of previous generations. The decline of company-paid pension plans and reduced employer support for retirement savings have shifted the savings burden onto individuals. This has led to challenges and concerns for many pre-retirees, with 70% believing they will face more challenges in retirement than their parents and grandparents did. To navigate these challenges, it is important to diversify your portfolio, incorporate guaranteed income sources, maximize benefits from legislative changes, and consider working part-time in retirement. However, it is crucial to seek the guidance of a financial advisor, as relying solely on AI programs like Chat GPT may not provide accurate or comprehensive financial literacy. In this conversation, Jeremy Nelson discusses the importance of having a trusted financial advisor and the benefits of using tools like chat GPT and AI in the financial industry. He emphasizes the need for professionals to streamline their businesses and be more efficient, while still providing personalized advice and guidance to clients. The conversation concludes with a discussion on the financial considerations of divorce and the need for financial literacy in managing personal finances.

Reach out to Jeremy at 800-800-6073 or https://www.myelementwealth.com/

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The retirement of 10,000 baby boomers every day has significant impacts on Social Security, healthcare, housing, financial markets, government policies, and community services. The increased demand for Social Security and Medicare puts stress on the system and may lead to funding challenges. The higher demand for healthcare services can result in longer wait times and higher costs. The housing market experiences increased demand for retirement communities and downsized homes, leading to higher prices. The financial markets may be affected by the shift in investment strategy and the selling pressure from retirees. Government policies may need to be adjusted to manage the burden on social welfare programs. Community services may need to allocate more resources to cater to the aging population. In this conversation, Gary Nolan and Jeremy Nelson discuss various retirement-related topics, including the implications of divorce in retirement, leaving unequal inheritances to children, the need to save money in retirement, working part-time in retirement, saying no to adult children requesting money, and retiring at the same time or different times as a couple. The conversation provides insights and considerations for individuals planning for retirement.

Reach out to Jeremy at 800-800-6073 or https://www.myelementwealth.com/

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In this conversation, Jeremy Nelson and Gary Nolan discuss tips and strategies to help individuals plan for retirement. They cover topics such as Roth accounts in defined contribution plans, retirement saving and student loan payments, Roth 401(k) and required minimum distributions, special countdown contributions for ages 60 to 63, delaying Social Security, understanding sequence of return risk, choosing the right place to retire, and the importance of open communication and good record-keeping in financial planning. In this conversation, Jeremy Nelson, President of Element Wealth, discusses various strategies to help individuals stretch their retirement dollars. He emphasizes the importance of understanding and managing fees, prioritizing debt repayment, creating guaranteed income streams, and gradually increasing contributions. He also addresses the impact of geopolitical tensions on the markets and offers advice on building a long-term plan to navigate potential risks.

Reach out to Jeremy at 800-800-6073 or https://www.myelementwealth.com/

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Semi-retirement, also known as partial or phased retirement, is becoming increasingly popular among working Americans. The shift in retirement preferences for younger generations is attributed to the rise of remote and hybrid work. Phasing into retirement with semi-retirement is appealing to many who want to slow down and reduce stress while still staying engaged in their careers. However, it's important to consider factors such as health insurance, required minimum distributions, Medicare premiums, and the impact of market downturns on retirement savings. Despite potential challenges, semi-retirement can provide an opportunity to build a larger nest egg and maintain financial stability in retirement. In this conversation, Jeremy Nelson and Gary Nolan discuss retirement planning and the importance of having a comprehensive financial plan. Finally, they discuss sustainable income investing and the importance of diversification and understanding the underlying investment strategies.

Reach out to Jeremy at 800-800-6073 or https://www.myelementwealth.com/

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Retirement is full of surprises, and how we deal with them can impact the success of our golden years. In this conversation, Jeremy Nelson and Gary Nolan discuss various expenses that could strain retirement savings, including healthcare costs, homeownership expenses, inflation, and supporting adult children and grandchildren. They also explore the potential benefits and considerations of incorporating annuities into 401(k) plans. The conversation emphasizes the importance of living within one's means, budgeting, and finding the right balance between income growth and guarantees in retirement planning. In this conversation, Jeremy Nelson and Gary Nolan discuss various financial topics related to retirement planning. They provide contact information for Element Wealth and encourage listeners to visit their website and set up an appointment. They also address questions about company stock and real estate as sources of retirement income. Overall, the conversation provides valuable insights and advice for individuals planning for retirement.

Reach out to Jeremy at 800-800-6073 or https://www.myelementwealth.com/

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