Staying Invested When Work Stops Your portfolio still needs to grow after you stop working. https://www.youtube.com/watch?v=I1yU1OhtIrs&t=178s What This Means What happens if I lock in my income the day I retire? It may feel safe today, but it can create problems later. Let’s say you retire needing $100,000 per year and decide to lock that
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Transfer on Death (TOD) Make sure your money ends up where you intend. https://www.youtube.com/watch?v=mclj06-tYZk&t=1s What This Means What is a Transfer on Death (TOD) designation? A Transfer on Death designation allows you to name who will receive certain assets, such as a taxable investment account, after you pass away. Think of it somewhat like naming
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Retirement Income Strategy Don’t start with a percentage. Start with what you need. https://www.youtube.com/watch?v=XZNX-DCTZus&t=35s What This Means How much can you safely withdraw from your investment portfolio in retirement? There isn’t one withdrawal rate that’s right for everyone. You’ve probably heard of the 4% rule—the idea that retirees can withdraw approximately 4% of their portfolio
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Inherited IRA Strategy The IRS gives you the deadline. You decide the strategy. https://www.youtube.com/watch?v=XGS9lzs1F0k&t=90s What This Means What should you do when you inherit an IRA? Before you withdraw anything, understand the rules and build a strategy. Many non-spouse beneficiaries who inherit an IRA are subject to the 10-year rule, which generally requires the inherited
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Taxable Accounts & Taxes It’s not what you make. It’s what you keep. https://www.youtube.com/watch?v=7tf25rJY2Qc&t=11s What This Means How are investments in a taxable brokerage account taxed? It depends on how the investment generates money. Generally, taxes inside a taxable investment account fall into a few main categories: interest, dividends, realized capital gains, and unrealized capital
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Business Owner Scorecard Your business has KPIs. So should your finances. https://www.youtube.com/watch?v=IMGR8cTxhds What This Means What financial numbers should every business owner know? I believe there are seven. One of the biggest mistakes I see business owners make is spending all of their time working in their business and not enough time working on their
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The 3 Phases of Investing Your money has different jobs at different stages of life. https://www.youtube.com/watch?v=4opPn6u6jo4 What This Means Should your investment strategy change as you get older? I believe it should. One of the biggest mistakes investors make is using the same strategy throughout their entire financial life. The reality is that your money
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