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/

See omnystudio.com/listener for privacy information.