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The Key Ages in Retirement Planning

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When it comes to retirement planning, timing is everything. Each milestone birthday can have significant implications for your financial future. Today we’ll lay out the importance of planning around key ages.

Each of these milestone birthdays could require extra attention. For example, turning 50 opens the door to catch-up contributions, allowing you to boost your retirement savings. As you enter your sixties, decisions about Social Security become paramount, with options to claim benefits as early as 62 or delay for increased payouts at 70.

But the conversation doesn’t stop there. We’ll tackle the controversial topic of annuities. Despite the mixed reputation, annuities have seen record-breaking sales, and we’ll break down the factors contributing to this trend and discuss how annuities can play a role in a diversified retirement portfolio. Plus we’ll cover the less-discussed, yet crucial topic of Required Minimum Distributions (RMDs) starting at age 73. Understanding RMDs is vital to avoid unexpected tax burdens and to efficiently manage your retirement accounts.

Whether you’re looking to bridge the gap to Medicare or maximize your retirement income, this episode will help you chart a course to a secure and fulfilling retirement.

Here’s some of what we discuss in today’s show:

  • What you need to know about catch-up contributions
  • When to use a rollover IRA and the tax considerations you’ll need to make.
  • How much do you need to retire?
  • Strategies for Social Security and healthcare planning.
  • Pros and cons of annuities and ways to utilize the product.

Book a 15-minute discovery call with the team here: https://calendly.com/ask-bulmanwealth or ask questions via email at ask@bulmanwealth.com.

 

 

 


All content is for information purposes only. It is not intended to provide any tax or legal advice or provide the basis for any financial decisions. Nor is it intended to be a projection of current or future performance or an indication of future results.

Opinions expressed herein are solely those of Chris Bulman Inc. dba Bulman Wealth Group and our editorial staff. The information contained in this material has been derived from sources believed to be reliable but is not guaranteed as to accuracy and completeness and does not purport to be a complete analysis of the materials discussed. All information and ideas should be discussed in detail with your individual advisor prior to implementation. Investment advisory services are offered through Chris Bulman Inc dba Bulman Wealth Group, an SEC Registered Investment Advisor. Insurance products and services are offered through Chris Bulman, Inc. dba BWG Insurance Agency and Ameritas Life Insurance Corp., CA State Insurance License # 0M46922. Being registered as an investment advisor does not imply a certain level of skill or training.

Bulman Wealth Group, BWG Insurance Agency and Ameritas Life Insurance Corp. are not affiliated with or endorsed by the Social Security Administration or any other government agency.

Any statements or opinions expressed should in no way be construed or interpreted as a solicitation to sell, or offer to sell, advisory services to any residents of any State other than the States where otherwise legally permitted.

Images and photographs are included for the sole purpose of visually enhancing the website. None of them are photographs of current or former Clients. They should not be construed as an endorsement or testimonial from any of the persons in the photograph.

Purchases are subject to suitability. This requires a review of an investor’s objective, risk tolerance, and time horizons. Investing always involves risk and possible loss of capital.

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HOW TO CONNECT WITH BULMAN WEALTH GROUP

At Bulman Wealth Group, we believe everyone should live the retirement that they’ve always wanted. We understand that there’s more to retirement planning than just savings and investments. While these are important, we advocate a broader approach. In our view, there are five key components to a comprehensive retirement strategy. These include investment, income, taxes, health care planning, and legacy planning. By addressing each of these we guide you in charting a course towards a fulfilling retirement. 

Use the button below to book a 15-minute discovery call with the team or call us at (916) 458-8199 with your questions.

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The following content is for information purposes only. It is not intended to provide any tax or legal advice or provide the basis for any financial decisions. Nor is it intended to be a projection of current or future performance or an indication of future results. Purchases are subject to suitability. This requires a review of an investor’s objective, risk tolerance, and time horizons. Investing always involves risk and possible loss of capital. Opinions expressed are solely those of Bulman Wealth Group and our editorial staff. The information contained in this material has been derived from sources believed to be reliable but is not guaranteed accuracy and completeness, and does not purport to be a complete analysis of the materials discussed.

Any statements or opinions expressed should in no way be construed or interpreted as a solicitation to sell, or offer to sell, advisory services to any residents of any State other than the States where otherwise legally permitted. Advisory services are offered through Chris Bulman Inc. dba Bulman Wealth Group and Brookstone Wealth Advisors (BWA), Registered Investment Advisors. Insurance products and services are offered and sold through Chris Bulman Inc. dba BWG Insurance Agency.