The years leading up to retirement can be some of the most stressful of our financial lives as retirement represents a significant change in how we live our day to day lives. Join Mike and Patrick as they discuss some of the difficulties of being in the retirement red zone and how you can make certain changes ahead of time to help alleviate some of the stress.
What can we do to get through all the noise and find the things that really matter? In todays era of media and news every story is viral and available at our fingertips within seconds. But just because we have availability doesn’t make the information relevant to our lives. Join Mike and Patrick as they discuss how to follow the news and where to find it.
Sources:
Any opinions are those of Financial Advisors Mike Macco and Patrick Stoa and not necessarily those of RJFS or Raymond James. Expressions of opinion are as of this date and are subject to change without notice. Information was received from sources believed to be reliable, but accuracy is not guaranteed.
Patrick and Mike discuss the human realities of aging, sharing real life examples from their own families. They focus the conversation around three key questions developed by the research team at the MIT AgeLab. Key resources are available with this podcast, to help you strike up this important conversation within your family.
Additional Resources
Quality of Life Worksheet
To a Long and Healthy Retirement
The Apps, Sites & Devices Changing the Way We Age
Three Questions That Can Predict Future Quality of Life
Raymond James is not affiliated with and does not endorse the opinions or services of the MIT AgeLab.
Whether you are close to retiring or 30 years away, it’s hard to envision living into your 90’s. But with life expectancies continuing to rise, this can be one of the most crucial factors in retirement planning. Join Mike Macco and Andrew Froelich as they discuss how Social Security, long term care, and Medicare can all play a role in planning for a long life.
Long Term Care Insurance or Asset based Long Term Care Insurance Products may not be suitable for all investors. Surrender charges may apply for early withdrawals and, if made prior to age 59 ½, may be subject to a 10% federal tax penalty in addition to any gains being taxed as ordinary income. Please consult with a licensed financial professional when considering your insurance options. These policies have exclusions and/or limitations. The cost and availability of LTC insurance depend on factors such as age, health, and the type and amount of insurance purchased. As with most financial decisions, there are expenses associated with the purchase of LTC insurance. Guarantees are based on the claims paying ability of the insurance company. Changes in tax laws or regulations may occur at any time and could substantially impact your situation. Raymond James Financial Services advisors do not render advice on tax or legal matters. You should discuss any tax or legal matters with the appropriate professional.
When you’re ready to save, it’s hard to know if you should contribute to an IRA before taxes or to a Roth IRA after tax. Join Patrick and Mike as they shed some light on this topic and discuss what a 401(k) loan is and whether you should do it.
You know you need life insurance. But how much? Which kind? And for how long? Mike and Patrick share their opinions on how to address the financial risks associated with death and whether life insurance can also be an investment.
Opinions expressed are those of Patrick Stoa and Mike Macco and are not necessarily those of Raymond James. All opinions are as of this date and are subject to change without notice. Investing involves risk and investors may incur a profit or a loss. While we are familiar with the tax provisions of the issues presented herein, as Financial Advisors of RJFS, we are not qualified to render advice on tax or legal matters. You should discuss tax or legal matters with the appropriate professional.
Examples provided are hypothetical illustrations only, actual investor results will vary. Life insurance policies have exclusions and/or limitations. The cost and availability of life insurance depend on factors such as age, health and the type and amount of insurance purchased. As with most financial decisions, there are expenses associated with the purchase of life insurance. Policies commonly have mortality and expense charges. In addition if a policy is surrendered prematurely, there may be surrender charges and income tax implications. Guarantees are based on the claims paying ability of the insurance company.
Recorded in Tax Year 2017
The US Department of Labor's Conflict of Interest Rule - dubbed the "Fiduciary Rule" - is slowly taking effect. Join Patrick and Mike as they discuss what it means to be a fiduciary & what it means to investors.
