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John Oliver, Last Week Tonight, Retirement Plan
https://youtu.be/5AA3U3TWGUA n this podcast/blog/video, I discuss financial tips for expats. The in this episode we’re going to reviewand comment on a John Oliver show whichis last week tonight in his episode onretirement planning this is theall-in-one AIO financial...
Cost in hours of purchase
https://youtu.be/FkQuawiGWUw Spend Less Strategy This is a strategy to help with controlling spending. Think of expenses in terms of hours worked not dollars When you’re evaluating a purchase, consider think of the cost in terms of how many hours of work it costs not...
Spend less & Invest the rest
https://youtu.be/wJHJdhWcdUY To reach financial independence, spend less than you earn and invest the rest. This is our moto. It’s simple advice but it’s so true. It’s also not followed that much. Here are some statistics illustrating the lack of savings in American:...
Why Invest?
https://youtu.be/VAfkz1HbQHM In this episode, we discuss: the many reasons you should invest Investments can be used for: 1. Retirement or financial independence, when you no longer need to work. This is a primary objective for many people to be able to replace their...
Start Investing Now
https://youtu.be/rhQOAJSc8Hg The best time to start investing is right now Really, right now. Time works for your investments. There are many reasons to put off investing: it’s too complicated, later when I make more money, when the kids are older, when my debt is...
Costs in fees
The impact of fees on your investment returns
Fees may only be 1 or 2% but that can make a huge difference over time.
If you invest $10,000 at an annual rate of return of 7%, you will have about $150,000 at the end of 40 years.
4% Rule
It’s helpful to know how much money you need to retire or how much income the money you have will provide in income.
The 4% rule it’s an approximation to help with both questions. It states that: If you withdraw 4% of your initial retirement savings per year.
Retirement Software
We are going to look closer at some of the issues around retirement planning. Retirement planning is really about priorities:
• When do you want to retire? • How much would you like to spend in retirement?
SECURE Act – RMD Changes
https://youtu.be/ZW_BQ9ag6VU The SECURE (Setting Every Community Up for Retirement Enhancement) Act of 2019 (the “Act”), which notably modifies Required Minimum Distribution (RMD) rules, went into effect January 1, 2020. Below are the five things that many people need...
Social Security – Double Dip
File and SuspendIf you are at your full retirement age (FRA), you can continue to work and suspend your benefit so your current spouse can collect a spouse’s benefit and you and earn delayed retirement credits (DRCs) which increase your Social Security benefit. The...
4 Things to Consider Before Investing
This is our first podcast answering questions that we receive. The first question I’ll address is: What should I consider before investing? First – make sure they have a prudent reserve. It is recommended that people have liquid assets to...
Ten Investment Pitfalls and Ten Tips to Improve Your Financial Situation
Here are 10 investment mistakes that we frequently see and 10 ways to correct those mistakes and improve your financial situation. Thank you for visiting my blog – Ask a Fee Only Financial Planner. Lack of communication. If you split assets between...