Retirement Planning's "Hidden" Questions

November 16, 2023

The retirement planning world is filled with plenty of advice and suggestions, but there are critical questions lurking in the shadows – the unasked, the overlooked. These are the questions that can help define the comfort and security of your retirement future. In this episode, we unearth and tackle these hidden, but essential questions about retirement.

The retirement planning world is filled with plenty of advice and suggestions, but there are critical questions lurking in the shadows – the unasked, the overlooked. These are the questions that can help define the comfort and security of your retirement future. In this episode, we unearth and tackle these hidden, but essential questions about retirement.

How much can you safely withdraw from your retirement savings each year? Do you really need life insurance in retirement? Listen in as Frank and Walter tackle these commonly overlooked questions so that you can gain the clarity you need to take on your retirement years with confidence!

For this week’s mailbag question, David asks whether the government can require him to withdraw a certain amount from his IRAs and 401k, leading to a higher retirement income than what he currently earns while working.

Here’s some of what we discuss in this episode:

0:00 – Intro

2:50 – Tax deferred savings

6:45 – How much can I withdraw each year?

9:33 – Life insurance in retirement

11:45 – Medical coverage beyond Medicare?

14:47 – Fees and commissions

19:51 – An exciting announcement

21:19 – Getting to know Frank

23:19 – Mailbag question on RMDs from IRAs and 401Ks

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Licensed Insurance Professional. Respond and learn how financial products, including life insurance and annuities can be used in various planning strategies for retirement. The information contained herein is based on our understanding of current tax law. The tax and legislative information may be subject to change and different interpretations. We recommend that you seek professional tax advice for applicability to your personal situation.

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