There is a new rule pending approval which could dramatically change 401(k)s. If the ruling is approved, 401k plan managers, while choosing investments, will have to consider the ESG criteria (Environmental, Social and Governance factors) of investments for the plan. Generally speaking, fees on ESG funds are higher and there is some research which shows the ESG market may have already peaked.
Despite privately held beliefs on whether investments based on ESG criteria are generally better/worse than other investments, these factors, combined or individually, could hurt 401k balances.
Today on Wealth Talks, Tom and John discuss this problem and some ideas for working against a disintegrating status quo.
Resources: How to Build Sustainable Wealth: https://www.life-benefits.com/store/
People are outliving their money, leaving themselves broke in their retirement. It isn’t solely because they aren’t saving enough, it’s also because they are saving in the wrong places.
In today’s episode Tom and John assess the current retirement crisis to find out what went wrong. They also share details about our upcoming LIVE event which focuses on being Debt Free, Investing and Funding Retirement.
How did it originate? What was it intended for? How can it be used? Is it a good financial strategy?
Those are good questions. Listen Now on Wealth Talks as Tom and John delve into the inner workings of the Roth IRA.
How Does a Roth IRA Work? - Article: https://www.life-benefits.com/how-does-a-roth-ira-work/
There are many Retirement Calculators out there, insert your numbers and Ta-Dah! The calculator spits out how much money you need to have in order to retire. But these calculators can’t guarantee how much money you will need in retirement.
What chunk of your money will inflation gnaw off throughout your retirement? Are your retirement savings tax free? Or only tax deferred? Will you ever require special medical care? What about assisted living? Or emergencies, or… or… or…
Today on Wealth Talks, Tom and John talk about events that can catch you by surprise in retirement. Don’t trust typical financial calculators to tell you what you “need” to retire on.
Call our office to see how Participating Whole Life Insurance can help you plan for more sustainable passive income in retirement. Call 702-660-7000 or schedule time to Talk with an Agent.
What a loaded question! So many variables - and most likely, some still unknown. But it is important to have some idea of where you want to go so you can plan and save to get there.
Today we explore a few high-level examples to reveal how much you might need for retirement. How much with Traditional Investments? How much with whole life insurance? Plus some other options that are available to maximize income from your assets.
Results can vary widely from case to case so we encourage you to contact our office for specific details on your situation. 702-660-7000
Retirement Remastered - Article: https://www.life-benefits.com/retirement-income-strategy/
Withdrawal Projection Calculator (Excel)
Dividends Explained - Podcast: https://www.life-benefits.com/podcasts/dividends-explained-ep-89/
CDC Life Expectancy Table (page 3)
Good things to know about Social Security so you can plan now for alternative options and financial security in your golden years. Also read: Retirement Remastered - Passive Income Strategy Article
Joe Biden says “I no savings account, but I have a great pension and a great salary.” For those of us who don’t have a six figure pension backed by taxpayers, discover how to plan for the future in a way that keeps all the options on the table as long as possible.