Common Curiosities: Retirement
Q&A Retirement: Market Downturns, Roth 401(k) or Roth IRA, Withdrawal Planning
Many people spend decades saving for retirement, but the biggest questions often show up right as retirement begins. In this episode of Common Curiosities: Retirement, Michael CFP®, EA, CSS™ walks through three retirement planning questions. From deciding whether to use Roth savings later in your career, to evaluating if an annuity fits your fear for a down market, to determining which accounts to spend first in retirement for tax planning purposes. This episode explores practical strategies retirees often wonder about as they transition from saving to spending. Topics include: Should you contribute to a Roth 401(k) or a Roth IRA if most of your savings are pre tax? What annuities may help solve and what questions to think through before purchasing one Why "market like returns without losses" deserves a closer look How retirement income planning differs from accumulation Which accounts retirees often spend first and why withdrawal order matters How taxes, Medicare premiums, and future RMDs can influence retirement decisions Strategies for balancing Roth, pre tax, taxable, and cash accounts Whether you're approaching retirement or already retired, understanding how your accounts can work together may help you make more informed financial decisions! ' ? We’re here to make retirement planning feel less intimidating by helping people think through their strategies and plans through clear relatable financial topics! Questions or Want to Connect? : www.custerfinancialadvisors.com : custerfinancialadvisors@lpl.com Chapters: 00:13 Football Season is Here and Question Overview 03:00 Switch to Roth 401(k) or Roth IRA? 03:13 Tax Diversification Strategies 07:51 Keep Less in My Bank Account Now? 08:51 Annuity a Good Fit For Me? 15:01 What Accounts to Spend First In Retirement? 21:59 Michael's Attempt at Being a Trophy Husband #RetirementPlanning #RothIRA #Roth401k #RetirementIncome #Annuities #TaxPlanning #RetirementTaxes #financialplanning Disclosures: Harborfront Financial Group is a Registered Investment Advisor registered with the Securities and Exchange Commission (SEC). Registration as an investment adviser does not imply a certain level of skill or training, and the content of this communication has not been approved or verified by the United States Securities and Exchange Commission or by any state securities authority. The information contained in this material is intended to provide general information about Harborfront Financial Group and its services. It is not intended to offer investment advice. Investment advice will only be given after a client engages our services by executing the appropriate investment services agreement. Information regarding investment products and services are provided solely to read about our investment philosophy and our strategies. You should not rely on any information provided on our web site in making investment decisions. Securities offered through LPL Financial, Member FINRA/SIPC. Investment advice offered through Harborfront Financial Group, a Registered Investment Advisor. Harborfront Financial Group and Custer Financial Advisors are separate entities from LPL Financial. This is a hypothetical example and is not representative of any specific situation. Your results will vary. The hypothetical rates of return used do not reflect the deduction of fees and charges inherent to investing. All investing involves risk including loss of principal. No strategy assures success or protects against loss.
