Retirees Have A Serious Financial Temptation Problem

Retirees Have A Serious Financial Temptation Problem

Retirees face serious financial temptations that can jeopardize their future, but there are smart ways to avoid them. In this episode, we’ll reveal the most dangerous temptations the average retiree faces and share strategies to help you avoid them, or correct your current course, to keep retirement on track.   Here’s some of what we cover in this episode: 0:00 – Intro 1:46 – Carrying too much debt 5:26 – The challenges with changing the spending mindset 10:13 – Deferring taxes 14:36 – Starting Social Security at 62 Contact Desmond: Visit https://www.clcfinancial.com/ or call 910-323-5700

What Financial Advisors Wish Every Investor Knew

Imagine you could read your financial advisor’s mind before you even walked through the door for the first time. What would they want you to know? In this episode, we bring you the game-changing insights financial pros wish every saver and investor understood. Here’s some of what we cover in this episode: * Why most people don’t know the real risk in their portfolio because they’re focused on upside potential. * What’s the motivation behind the information you’re reading and hearing about finances? * Well-known national companies aren’t automatically a better option to help you plan. * Financial planning goes well beyond picking investments. * You don’t need to be uber wealthy to need a retirement plan. Contact Desmond: Visit https://www.clcfinancial.com/ or call 910-323-5700.

How to Put Yourself in the Best Position in Retirement

Once you reach retirement, how do you know whether you’re doing everything you can to succeed? There are specific questions you can ask and we will address some of those key topics in this episode. We explore things like annuities, tax efficiency, Social Security, inflation protection, and estate planning to make sure you know you’re in the best position for retirement.   Here’s some of what we cover in this episode: * How do you know if you should buy an annuity for retirement income? * How do you know how to balance saving for retirement and other financial goals? * How do you know if your retirement plan is tax-efficient? * How do you know how to protect your retirement savings from inflation? * How do you know if you need a trust or an estate plan?   Contact Desmond: Visit https://www.clcfinancial.com/ or call 910-323-5700

How Do You Know When You're Ready to Retire?

Retirement planning is filled with ‘how do you know’ questions. How do you know if you’re saving enough? How do you know if you’ll have enough income in retirement? How do you know if you have enough to retire? We work to answer these with clients on a daily basis, and today we’re going to discuss how we work through these key retirement questions to help people find the right answer. Here’s some of what we cover in this episode: * How do you know how much income you’ll need when you retire? * How do you know how much money you should have in your savings account? * How do you know how much risk you should be taking with your investments? * How do you know which retirement accounts (IRA, 401(k), etc.) are best for your situation? * How do you know when you're financially ready to retire? Contact Desmond: Visit https://www.clcfinancial.com/ or call 910-323-5700.

The Top 401(k) FAQs In 2024 (Part 2)

We're back to tackle your top questions in two comprehensive episodes. Part two addresses essential topics like investment strategies as you approach retirement, managing your 401K when changing jobs, and the ins and outs of catch-up contributions. Gain insights into the complexities of vesting schedules and the potential risks and benefits of including company stock in your 401K. This episode is a must-listen for anyone looking to optimize their 401K and secure their financial future.   Here are the questions we’ll cover in this episode: * How should I adjust my 401k investments as I get closer to retirement? * What happens to my 401k if I change jobs? * Can I make catch-up contributions to my 401k? If so, how much and when? * How does vesting work with a 401k, and what should I understand about my plan’s schedule? * What are the risks and benefits of including company stock in my 401k?   Contact Desmond: Visit https://www.clcfinancial.com/ or call 910-323-5700