Do you know all the rules that apply to your 401k or IRA accounts? Do you think you can automatically withdraw money at age 59 1/2? Steve and Mark point out many of the rules regarding these accounts which leads one to wonder, "Whose money is it?"
Retirement planning is the flip side of the accumulation coin. It requires re-evaluating your portfolio and all the assumptions you've held for decades. It can be a tough message. Change is hard. Steve discusses the Dunning-Kruger effect whereby people buy into what they want to believe.
Steve & Mark discuss the many future risks one must consider when planning for retirement.
Steve & Mark discuss the fallacy of having all one's money in a tax-deferred IRA. Those who have been able to move their money from a 401K to an IRA have the ability to plan NOW for better tax efficiency in retirement. Steve & Mark tell you how.
Steve & Melissa talk about how people associate the amount of money they have with their worth as a person. Often this creates reluctance to enter into the planning process. Although creating an effective financial plan requires some liquid assets, Steve discusses how those with $200,000 - $400,000 can benefit from a meeting. Financial planning begins by talking about YOU, not your money.
Steve & Mark give a fascinating history of pensions and annuities. They describe the different types of annuities and illustrate some of the remarkable returns on newer types.