This episode explores the disconnect between retirement expectations and reality, referencing a recent Gallup report that shows most retirees live comfortably despite fears about running out of money.

Hear Tyler Emrick, CFA®, CFP®, discuss why non-retirees may be more fearful than needed, the role of Social Security, and how age-based spending patterns contribute to the relative success of sustaining a retirement lifestyle. And be sure to pay attention to how working with the right financial advisor can help you achieve financial independence earlier (data suggests up to three years earlier) by measuring and modeling your current spending and retirement goals more appropriately.

Here’s some of what we discuss in this episode:

• Why is there a disconnect between retirement expectations and more positive outcomes?
• More people depend on Social Security for their retirement income than they expected to.
• The disconnect in spending when people get into retirement.
• A good advisor can help clients gain confidence and overcome their healthy sense of doubt.

Have questions?

Need help making sure your investments and retirement plan are on track? Click to schedule a free 15-minute call with one of True Wealth's CFP® Professionals.

http://bit.ly/calltruewealth

Check out the Social Security episode referenced in this show: https://www.truewealthdesign.com/social-security-timing-reframing-your-thinking-for-better-decision-making/

Over the last few years, significant changes have been made to how retirement accounts are managed after death, especially with new RMD rules. In July, the IRS issued its new Final Regulations regarding the SECURE Act’s provisions.

In this episode, hear Tyler Emrick, CFA®, CFP®, break down the key provisions, including the 10-Year Rule for beneficiaries and updates to RMD timelines, and how these changes impact your retirement and estate planning.

Here’s some of what we discuss in this episode:

• What the SECURE Act changed when it passed in 2019 and what’s been updated since?
• Which accounts are impacted by this and how does it impact taxes and estate planning?
• Who are designated beneficiaries and what are the differences between eligible and non-eligible?
• The 10-year rule for inheriting these accounts and what you need to know.
• The new RMD rules that will begin in 2025.
• Additional rules dealing with the surviving spouse, successor beneficiaries, and RMD ages.

Have questions?

Need help making sure your investments and retirement plan are on track? Click to schedule a free 15-minute call with one of True Wealth's CFP® Professionals.

http://bit.ly/calltruewealth

Here’s some of what we discuss in this episode:

• Background on The Retirement Manifesto Blog and the blog post we’re discussing.
• The complexity of non-financial issues and why these lead to our true happiness.
• Your retirement will be different than you expect.
• Retirees find that their priorities change as they move through retirement.
• Retirement can be the best years of your life but it’s up to you.

Have questions?

Need help making sure your investments and retirement plan are on track? Click to schedule a free 15-minute call with one of True Wealth's CFP® Professionals.

http://bit.ly/calltruewealth