KC Wealth’s Post

At some point, you're going to have to dip into your retirement savings, either because of Required Minimum Distributions (RMD) or because you want to. But not everyone has a documented withdrawal strategy. Here are some of the most common options: ✅ Fixed percentage withdrawal – You take out a fixed percentage of your retirement portfolio every year, no matter what the market's doing. ✅ Fixed-dollar withdrawal – You take out the same dollar amount every year for a set time and then reassess. ✅ Dollar-plus-inflation — You spend part of your portfolio during the first year and then revise that amount based on inflation in subsequent years. Think "4% rule." ✅ "Buckets" — You segment assets into short, intermediate and long-term buckets, with different asset amounts and allocations for each to cover expenses based on different time horizons Now, each of these comes with pros and cons. And some may not be realistic for your situation. But I can help you develop a tax-efficient drawdown plan — and stick to it. Let's connect and develop the ideal strategy for your situation. - Wells Fargo Advisors Financial Network is not a legal or tax advisor. - #ThePrincetonGroup #OxfordHarriman #RetirementPlanning #RetirementIncome

At some point, you're going to have to dip into your retirement savings, either because of Required Minimum Distributions (RMD) or because you want to. But not everyone has a documented withdrawal strategy. Here are some of the most common options: ✅ Fixed percentage withdrawal – You take out a fixed percentage of your retirement portfolio every year, no matter what the market's doing. ✅ Fixed-dollar withdrawal – You take out the same dollar amount every year for a set time and then reassess. ✅ Dollar-plus-inflation — You spend part of your portfolio during the first year and then revise that amount based on inflation in subsequent years. Think "4% rule." ✅ "Buckets" — You segment assets into short, intermediate and long-term buckets, with different asset amounts and allocations for each to cover expenses based on different time horizons Now, each of these comes with pros and cons. And some may not be realistic for your situation. But I can help you develop a tax-efficient drawdown plan — and stick to it. Let's connect and develop the ideal strategy for your situation. - Wells Fargo Advisors Financial Network is not a legal or tax advisor. - #ThePrincetonGroup #OxfordHarriman #RetirementPlanning #RetirementIncome

Road Map to Early Retirement Know Your Future Expenses: Think about how much you’ll need for housing, food, and fun once you retire. Plan Your Savings Strategy: Figure out how much you need to save each month to reach your retirement goals, without paying high fees or taxes. Cut Down on Unnecessary Costs: Find ways to reduce your everyday expenses, so you can save more for the future. Boost Your Income with a Side Job: Consider a side hustle to add extra income without the risks of traditional investments. Max Out Your Safe Retirement Accounts: Focus on accounts that let you grow your money without taxes, like Indexed Universal Life (IUL) insurance or Fixed Indexed Annuities. Invest Wisely, Protect Your Money: Choose strategies that keep your money safe from market crashes, high fees, and taxes. 👉 Ready to secure a retirement free from risk, fees, and taxes? Click the link in our BIO to learn how to make it happen! #earlyretirement #wealthbuilding #financialfreedom #retirementplanning #savesmart #investwisely #retireyoung

This is probably your biggest fear when it comes to retirement... Wondering if you'll ever run out of money. And it's a valid fear. It can be scary to think about if you will run out of money when you retire. Because you may not be able to or want to go back to earning an income. What if I told you, that you could get rid of that fear? Because you 𝗰𝗮𝗻 get rid of it. You can add more certainty and clarity to your retirement and answer the question... "Will I run out of money when I retire?" And you get rid of that fear by planning. ↳Planning for retirement. When you start to plan things will start to be more clear for you. Start by asking yourself? "How much do I want to spend in retirement?" Really think about it. 🧠 And once you know how much you want to spend then you can figure out... -How much you need to save 💸 -How you need to invest 📈 -Which types of accounts you should be saving and investing in. 🤔 -How taxes can impact your ability to reach your goals. Don't know where to start or how to answer these questions? I can help. Feel free to reach out to me to get started. #retirementplanning #investing #wealth

Do you recall the excitement you felt when you were a kid and couldn't wait to grow up? 🤩 Well, guess what? Being an adult means having some pretty awesome perks, especially when it comes to planning for a secure retirement. And let me tell you, a comfortable retirement where you don't have to stress about taxes is a total dream come true! ✨ If you used to worry about how much money you'd have left after taxes in retirement, I’ve got some exciting information for you! Here's the magic of self-managed super funds (SMSFs), this might sound fancy, but it's actually a fantastic way to take control of your retirement savings and unlock some seriously sweet tax benefits. 👌 Once you turn 60, any capital gains from selling your property are tax-free, and there’s no tax on the income you draw from your SMSF. Plus, any income you draw from your SMSF after retirement is tax-free again! That's more money for those bucket-list adventures you've been dreaming of. 💪 So, what are you waiting for? More details probably! 👀 I've got the answer, first watch this sneak peek video and then head over to our YouTube channel: https://lnkd.in/gubCmibf where... you can get the brand new 'Commercial Property Institute' course for free 🔥🔥🔥 Follow the prompts on the channels video! #PaliseProperty #StevePalise #commercialpropertyinvesting #commercialproperty #commercialinvestment #commercialrealestate #residentialpropertyinvesting #residentialproperty #residentialinvestment #residentialrealestate #RetirementPlanning #SMSF #TaxBenefits #FinancialFreedom #InvestSmart

At some point, you're going to have to dip into your retirement savings, either because of Required Minimum Distributions (RMD) or because you want to. But not everyone has a documented withdrawal strategy. Here are some of the most common options: ✅ Fixed percentage withdrawal – You take out a fixed percentage of your retirement portfolio every year, no matter what the market's doing. ✅ Fixed-dollar withdrawal – You take out the same dollar amount every year for a set time and then reassess. ✅ Dollar-plus-inflation — You spend part of your portfolio during the first year and then revise that amount based on inflation in subsequent years. Think "4% rule." ✅ "Buckets" — You segment assets into short, intermediate and long-term buckets, with different asset amounts and allocations for each to cover expenses based on different time horizons Now, each of these comes with pros and cons. And some may not be realistic for your situation. But I can help you develop a tax-efficient drawdown plan — and stick to it. Let's connect and develop the ideal strategy for your situation. - Wells Fargo Advisors Financial Network is not a legal or tax advisor. - #ThePrincetonGroup #OxfordHarriman #RetirementPlanning #RetirementIncome

Can you afford to save for retirement while living in the now?⁣🤷🏻♀️💭 Talking about saving up for retirement is good and all….but sometimes, it can be easier said than done. I understand we all have our own financial responsibilities and the increasing inflation rate does not help at all. Striking a balance between enjoying life today and saving for tomorrow may be hard…but both are essential. Here are some simple tips that can help you balance your financial priorities for both your present & future: ⁣ 💡 𝐓𝐢𝐩 #𝟏: 𝐏𝐫𝐢𝐨𝐫𝐢𝐭𝐢𝐳𝐞 𝐘𝐨𝐮𝐫 𝐒𝐩𝐞𝐧𝐝𝐢𝐧𝐠⁣ Start by categorizing your expenses. Essentials first, then allocate funds for your future, followed by your lifestyle choices. This ensures you’re living well today while securing your tomorrow.⁣ ⁣ 💡 𝐓𝐢𝐩 #𝟐: 𝐀𝐮𝐭𝐨𝐦𝐚𝐭𝐞 𝐘𝐨𝐮𝐫 𝐒𝐚𝐯𝐢𝐧𝐠𝐬⁣ Automate transfers to your retirement fund. Treat it like a non-negotiable bill so you can ensure that you’re consistently investing in your future, no matter what life throws at you.⁣ ⁣ 💡 𝐓𝐢𝐩 #𝟑: 𝐑𝐞𝐠𝐮𝐥𝐚𝐫𝐥𝐲 𝐑𝐞𝐯𝐢𝐞𝐰 𝐚𝐧𝐝 𝐀𝐝𝐣𝐮𝐬𝐭⁣ Life changes—so should your financial strategy. Regularly review your expenses and savings goals to ensure you’re on track to meet your long-term financial goals.⁣ ⁣ Balancing today’s expenses with tomorrow’s security isn’t easy, but with the right approach, it’s absolutely possible.⁣ ⁣ In whichever state you are, it is necessary to see that your needs and your family’s needs are met. Let’s find the right balance for your financial goals!🤗 #retirement #savings #finance

Why You Should Start Retirement Planning Now? Retirement planning is crucial for you to have a worry-free future. You can start early to: 📌 Benefit from compounding: Money grows faster over time. 📌 Lower taxes with retirement accounts like IRAs and 401(k)s. 📌 Diversify income sources with different assets. 📌 Prepare for emergencies with insurance coverage. 📌 Achieve personal goals like traveling and hobbies. You can follow these steps: 📌 Set realistic retirement goals. 📌 Estimate expenses adjusted for inflation. 📌 Calculate retirement income vs. expenses. 📌 Save and invest regularly. 📌 Seek advice from a financial planner. Start now for a secure future. #finance #retirement #compounding #insurance #investment #income #money #inflation #planning

"*𝗗𝗲𝗯𝘁 𝗣𝗮𝘆𝗼𝗳𝗳 𝘃𝘀. 𝗥𝗲𝘁𝗶𝗿𝗲𝗺𝗲𝗻𝘁 𝗦𝗮𝘃𝗶𝗻𝗴𝘀* Feeling stuck between paying off those bills and saving for retirement? This is a super common battle, but don't worry, you're not alone! *𝗟𝗲𝘁'𝘀 𝗳𝗶𝗴𝘂𝗿𝗲 𝗼𝘂𝘁 𝘄𝗵𝗶𝗰𝗵 𝗼𝗻𝗲 𝘁𝗼 𝘁𝗮𝗰𝗸𝗹𝗲 𝗳𝗶𝗿𝘀𝘁!* 1. *𝗗𝗲𝗯𝘁*: High-interest debt like credit cards is like a sneaky thief! Getting rid of those first frees up cash and saves you money in the long run. 2. *𝗥𝗲𝘁𝗶𝗿𝗲𝗺𝗲𝗻𝘁 𝗥𝗼𝘂𝗻𝗱:* If retirement is creeping up closer (think a few years!), focus on saving more now to avoid scrambling later. 3. *𝗗𝗼𝘂𝗯𝗹𝗲 𝗧𝗿𝗼𝘂𝗯𝗹𝗲:* Maybe you can be a champ in both areas! Even small amounts saved for retirement can grow BIG over time thanks to something called *""𝗰𝗼𝗺𝗽𝗼𝘂𝗻𝗱 𝗶𝗻𝘁𝗲𝗿𝗲𝘀𝘁""*. So, what do YOU think? Are you up for Debt Payoff or Retirement Savings? Maybe you're a mix of both? #Naikwealth #compoundinterest #financial #debtfreecommunity #retirementplanning

When planning for your retirement, have you taken "longevity risk" into consideration ❓ A rising life expectancy can impact your retirement years. The average Canadian’s life expectancy has risen from 75 years in 1980 to 83 years in 2023. ⌛ Living longer means more opportunities to build the life you have always envisioned. Without proper planning, this comes with the risk of outliving your savings. 😨 Here are a few things you can do to minimize your longevity risk: ✅ Plan your ideal retirement ✅ Prepare for the unexpected ✅ Understand your finances Get in touch to build a Total Wealth Plan that makes the most of your longevity! https://lnkd.in/gmHz3t_8 #LIORlistens #finance #wealth #investments #financialselfcare #financialliteracy #businessowners #professionals #womenandwealth #wealthmanagement #financialplanning #savings #retirement #longevity #totalwealthplan