Integrity Financial Planning

MARCH 5, 2023

Are you unsure of how much money you will need in retirement? This is a very common concern for Americans as they approach retirement age. This blog will give you some tips on how to begin estimating your needs in the future, as well as some tips on how to increase the longevity of your savings. How Much Should I Spend?

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WiserAdvisor

MARCH 13, 2024

Achieving financial freedom in retirement requires meticulous planning, dedicated effort, and strategic management. Within this framework, the concept of the five pillars of retirement planning emerges as a valuable strategy. Without a solid plan, you risk drifting without direction.

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Integrity Financial Planning

JUNE 5, 2023

A recent study by Investopedia found that Generation X’s biggest worry is retirement. The survey found that although many members of Gen X feel like they understand their finances, they are still concerned about setting themselves up to transition into retirement. 1] These numbers are very significant.

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Integrity Financial Planning

JULY 17, 2023

How you handle taxes and when you are taxed are two of the most important factors when it comes to retirement planning. 2] If you are likely to be in a higher tax bracket when you retire, a Roth IRA can be a good way to minimize your taxes in retirement.

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Nerd's Eye View

AUGUST 2, 2024

Enjoy the current installment of “Weekend Reading For Financial Planners” - this week’s edition kicks off with the news that a Federal district court in Texas has put a stay on the effective date of the Department of Labor’s (DoL’s) new Retirement Security Rule (aka “Fiduciary Rule 2.0”),

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Nerd's Eye View

AUGUST 2, 2024

Enjoy the current installment of “Weekend Reading For Financial Planners” - this week’s edition kicks off with the news that a Federal district court in Texas has put a stay on the effective date of the Department of Labor’s (DoL’s) new Retirement Security Rule (aka “Fiduciary Rule 2.0”),

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Random Roger's Retirement Planning

DECEMBER 15, 2023

Unusual Whales (very worth following) Tweeted that "51% of Gen-Xers and 40% of Boomers have said they are 'significantly behind' their retirement, per CNBC." We Aren't Saving Nearly Enough For Retirement. 600,000-$800,000 are workable numbers for long term retirement planning. Barron's pegs Gen-X' perceived need at $1.1

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WiserAdvisor

SEPTEMBER 20, 2023

In retirement planning, the concept of vesting is more than a contractual formality; it serves as a retention tool that incentivizes employees to remain with their employer for a certain period. You may consult with a financial advisor to understand vested balances in detail and how you can maximize them to boost your retirement savings.

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Integrity Financial Planning

OCTOBER 9, 2023

When talking about retirement financial planning, we often take investment strategy at face value. When it comes to retirement, there’s another aspect of income generation that is introduced. Sources: [1] [link] The post Reexamining the Retirement Investment Portfolio appeared first on Integrity Financial Planning, Inc.

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Integrity Financial Planning

APRIL 14, 2023

When you enter retirement, your first action may likely be to take advantage of the ability to do nothing. In retirement, this assumption is flipped on its head. Work” in retirement isn’t something you have to do; it’s something you actually want to do. In retirement, you should aim to turn your hobbies into full-time projects.

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A Wealth of Common Sense

DECEMBER 14, 2023

A reader asks: Ben in your recent blog post you said $1M investable wealth makes you rich. When you retire, $1M basically gives you $40,000 per year to live off of, assuming the 4% rule of thumb is a reasonable starting point to think about retirement income. I would like to provide a counterargument to that.

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Integrity Financial Planning

APRIL 18, 2023

If you are headed toward retirement soon, or you have just retired, you may find yourself wondering, “Is my nest egg enough?” As you know, medical expenses, long-term care, housing repairs, and other unpredictable costs are just a part of life, so how can you prepare for those kinds of things during your retirement?

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Retirement Medical Budgeting Financial Planning 98

Integrity Financial Planning

FEBRUARY 24, 2023

Now that you’ve worked to set up a great life after working for so long, it can be a great idea to help avoid those retirement blues and start your retirement off with a bang! One way to kick things off the right way is to consider having a party with your friends and family to celebrate your retirement. Throw a Party!

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Integrity Financial Planning

DECEMBER 18, 2023

One crucial aspect that you should financially monitor is the common financial stumbling block encountered when shifting to a retirement lifestyle. Market fluctuations may provoke intense reactions, and the state of your retirement savings can easily incite panic. If your plan is working, then you probably want to stick with it.

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Integrity Financial Planning

AUGUST 21, 2023

Retirement is different for folks who are running a small business. Your retirement is something that isn’t set up by an employer, and you often must manage it on your own. If you are running your own business and are interested in setting yourself up for retirement, contacting a financial advisor can be a great idea.

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Integrity Financial Planning

JUNE 27, 2023

However, it is a common goal for retirees to create and maintain generational wealth in retirement. Prior to your retirement years, diversifying your investment portfolio can be a good way to grow your wealth. In today’s fast-paced world, ensuring financial stability for future generations can be a daunting task.

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Integrity Financial Planning

JULY 14, 2023

If you’re looking for some relaxing books to get into during your retirement, here are some great options! Ove, a recently retired and widowed man, finds his life taking an unexpected turn when a young family moves in next door.

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Integrity Financial Planning

JANUARY 9, 2023

2] With higher prices in consumer goods, retirees may have had to reevaluate their withdrawals and spending on retirement accounts as their income became strained. Having to cover costs of immediate needs perhaps prompted reduced higher withdrawals from retirement accounts and tapping into savings just to keep the same standard of living.

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Accounting Retirement Economics Financial Planning 97

WiserAdvisor

AUGUST 31, 2023

Financial advisors play a crucial role in assisting you before your retire. They can provide ongoing support so you can continue investing after retirement, monitor market fluctuations, and make necessary adjustments to your retirement portfolio. Here are 5 benefits of hiring a financial advisor after you retire: 1.

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Integrity Financial Planning

JUNE 12, 2023

As you plan for retirement, it’s important to consider tax optimization strategies to minimize your tax liabilities. Here are three key ways to optimize taxes in retirement, based on information from sources published between 2022 and 2023.

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Integrity Financial Planning

NOVEMBER 7, 2023

There are many important birthdays when it comes to retirement planning. So, as you approach your retirement, it’s crucial to have a few of these in mind as key milestones. 1] 59 ½ is when you can take penalty-free withdrawals Most retirement accounts will allow you to take penalty-free withdrawals when you reach 59 ½ years old. [1]

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Retirement Planning Retirement Planning Accounting 91

Integrity Financial Planning

JUNE 29, 2023

It’s pretty easy to have a great time in retirement. If you’re looking to get the most out of retirement, what should you do? But spending time with others is important for your happiness, and now that you’re retired you can spend more time with friends or family you don’t see all the time! You’re not working.

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Integrity Financial Planning

APRIL 21, 2023

Retirement is a time to relax, reflect, and pursue personal interests that were set aside during one’s working years. For those entering retirement, there are many hobbies to consider that are both fulfilling and enjoyable. The Great Outdoors For those who enjoy physical activity, hiking can be a great hobby to explore in retirement.

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Integrity Financial Planning

OCTOBER 20, 2023

1] If you are looking to play more golf in your retirement and think less about your retirement finances, Click HERE to reach out to our professionals today at Integrity Financial Planning for a complimentary review of your retirement situation. Embrace the challenge and appreciate the beauty of the walk between the greens. [1]

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Integrity Financial Planning

JANUARY 27, 2023

Retirement is a time for rest, relaxation, and a chance to sit back and appreciate all that we have gained. However, it’s important to recognize that financial stability is crucial for personal growth during retirement. Retirement is also a time for reflection and personal growth.

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Retirement Financial Planning Planning 97

Abnormal Returns

MAY 7, 2023

In the news A list of the best investing blogs of 2023, including Abnormal Returns. wsj.com) Why retiring (really) early is a bad idea. thecollegeinvestor.com) Top clicks this week Why copying great investors, like Buffett and Munger, usually doesn't work. annual meeting. tker.co) Berkshire Hathaway ($BRK.A)

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Integrity Financial Planning

NOVEMBER 20, 2023

One way of thinking about retirement is that it happens in phases. Phase 1: Pre-retirement (Approximately Ages 50-62) This is around the age when you will start to have a sense of what you have saved and what your expenses might look like. When you are 20 years old, it can be hard to picture what retirement might look like for you.

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Nerd's Eye View

OCTOBER 4, 2022

What's unique about Ramit, though, is how he literally wrote the book (and subsequently launched an online educational platform and brand) on how consumers can not just learn more about their finances but change their financial behaviors, without focusing on a budget or setting retirement savings goals, and instead helping them focus their money more (..)

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Clients Financial Advisor Education Retirement 246

WiserAdvisor

DECEMBER 18, 2023

Navigating the journey to retirement can often feel like a complex puzzle, especially when it comes to figuring out how much you need to save. The answer to “how much you need to retire” is shaped by various factors, including the kind of retirement life you dream of, your age, and the expenses you anticipate during your retirement years.

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Retirement Retirement Planning Risk Tolerance Healthcare 81

Meb Faber Research

NOVEMBER 8, 2023

That’s how Institutional Investor recently described a former CIO of the California Public Employees’ Retirement System, also known as CalPERS. appeared first on Meb Faber Research - Stock Market and Investing Blog.

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Retirement Investments Investing Marketing 141

Integrity Financial Planning

SEPTEMBER 11, 2023

After you’ve spent your whole life working, you may find that in retirement, you want to give some money to charity. But if you are living off of income streams from sources like your retirement accounts and Social Security, you may be worried about finding a way to make charity work for your financial picture.

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Retirement Taxes Distribution Tax Planning 98

Integrity Financial Planning

MARCH 30, 2023

Writing can be a great hobby to pick up in retirement. Click HERE to sign up for a complimentary review of your retirement plan with us at Integrity Financial Planning to take one step closer to achieving the enriching lifestyle you deserve. Now can be a great time to start! The most important rule for writing is to just do it.

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Retirement Financial Planning Retirement Planning Transportation 96

Random Roger's Retirement Planning

OCTOBER 29, 2023

I probably wrote about this one a couple of times back in the first iteration of this blog. Talk about a difficult hold, Barron’s checked in on the Fairholme Fund (FAIRX) which has long been run by Bruce Berkowitz. FAIRX is 82% invested in Florida real estate developer St.

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Random Roger's Retirement Planning

MARCH 9, 2024

Kerry Hannon from Yahoo interviewed Teresa Ghilarducci who is a professor at The New School and is often cited in the media as an expert on retirement. Most of the comments filtered into two camps, one was the government should stay out of it and people who did all the right things and retired in their mid-50s.

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Retirement Government Planning Education 75

Meb Faber Research

MARCH 29, 2024

Guest: Steve Edmundson is the Chief Investment Officer at the Public Employees’ Retirement System of Nevada (NVPERS), overseeing over $60 billion in assets.

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Integrity Financial Planning

MARCH 19, 2023

5] Understanding the connection between a rolling recession and your investing and saving plan can be key to the financial health of your retirement. If you have questions about how the current state of the economy will affect your retirement, please reach out to us for a complimentary review of your finances. [1]

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Integrity Financial Planning

MAY 30, 2023

If you are curious about other financial aspects of retirement and are looking for guidance, reach out to our professionals for a complimentary review of your finances. [1-2, 1-2, 4-6] [link] [3] [link] The post Healthcare in Retirement: The Basics appeared first on Integrity Financial Planning, Inc.

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