4 Listener Questions: Annuities, CDs, Reverse Mortgages, Roth IRA Conversions
In this show, I tackle 4 questions received from our listeners:
1. variable annuities
2. reverse mortgages
3. Roth IRA conversions
4. short-term CDs
Listen in.
5 Common Retirement Mistakes
“I realize I’m taking a little more out of my portfolio than I’d like, but there’s probably enough money to last me through retirement.”
“I’m regularly spending a little more than I should but I’m sure it will work out.”
These may sound like minor mistakes, but over time they can add up. At 85 or 90 years old, if you make a financial mistake, chances are you will be fine; but if you make that same mistake at 65, when you potentially have another 20-30 years of life ahead, there’s a very good chance that mistake will be compounded over time.
In this show, we talk about 5 common mistakes people make during retirement that greatly increase the likelihood of them outliving their savings. Listen in.
Why You Should Care About Long Term Care
Not knowing what health needs one might have down the road is a major cause of worry for those who are retired or close to it. There’s a lot of confusion about long term care insurance and in this show we’ll answer a few questions about it:
- what is is
- what are the odds of needing it
- how much does it cost
- ways to pay for it
- how to use it Long Term Care insurance to pay for LTC
Listen in.
Client Webinar Q&A – Part 2
Here’s part 2 of our most recent quarterly Client Webinar, a chance for our clients to ask questions and receive answers in a live conversation with us to which they are welcome to invite family and friends. Listen in.
Knowledge is Power
Retirement is the most expensive purchase you’ll ever make; you can’t afford to mess it up. It has been compared to a second career. Just like the career you had during your working years, you have to have the knowledge for it. You need to know how to retire. Retirement has also been compared to a puzzle – there are many different pieces that make it up, such as Social Security, IRA and retirement accounts, RMDs, Medicare, investment strategies. In this show, we talk about the different types of financial advisors and how to choose one. Listen in.
Quarterly Client Q&A – Part 1
Every quarter, our Providence Financial clients have the opportunity to attend a live webinar, invite their family and friends to submit questions and have a conversation with me about all matters related to retirement. Here’s our latest webinar – if you enjoy part 1, make sure to listen to part 2 next Thursday, September 14.