How to Avoid Wealth Busters! - S8 | E22 скачать в хорошем качестве

How to Avoid Wealth Busters! - S8 | E22

Even if you’ve done a great job saving your entire working life, there are “Wealth Busters” that can destroy your financial plan for retirement. Certainly missteps and mistakes are going to happen as you make your way toward retirement, but just knowing what the wealth busters are can help you avoid them. Joe Anderson, CFP®, and Big Al Clopine, CPA are here today to bust it wide open! Wealth Busters to Avoid - Download the free guide: https://purefinancial.com/white-paper... Wealth Busters • Funding Adult Children • Tapping Retirement Funds Early • No Withdrawal Strategy • Market Performance & Inflation 0:00 - Intro 2:10 - Wealth Busters 3:18 - Funding Adult Children: Sacrifices Parents are Willing to Make 4:52 - Loss of Compounding Effect 6:12 - Download: Wealth Busters to Avoid 7:17 - True/False: When withdrawing money penalty-free from a Roth IRA (before 59 ½) doesn’t mean the withdrawals are tax-free 8:50 - Tapping Retirement Funds: Real Costs 10:56 - Lost Opportunity Costs 11:39 - No Withdrawal Strategy: Rule of Thumb 13:50 - Wealth Busters: Worst Withdrawal Strategy 15:45 - Download: Wealth Busters to Avoid 13:55 - True/False: One dollar today is worth half as much in terms of purchasing power as the same dollar two decades ago. 17:04 - Inflation & Poor Market Performance: Sequencing Risks 18:14 - Poor Market Performance: Recovery 20:00 - Ask the Experts: My husband and I retired almost a year ago based on our situation at the time. Since then the market downturn has dramatically impacted our investment accounts and inflation is busting our budget. The projections now say we'll likely run out of money much earlier than expected. What can we do? 21:12 - Pure Takeaway 22:00 - Download: Wealth Busters to Avoid Pure Financial Advisors, LLC is a fee-only Registered Investment Advisor providing comprehensive retirement planning services and tax-optimized investment management to thousands of people across the nation. Schedule a free assessment with an experienced financial professional: http://bit.ly/PureAssessment Office locations: https://bit.ly/PureLocations Ask Joe & Big Al On Air: https://purefinancial.com/ymyw/ask-jo... Subscribe to our YouTube channel: http://bit.ly/YMYW-YouTube Subscribe to the Your Money, Your Wealth® podcast: https://lnk.to/ymyw IMPORTANT DISCLOSURES: • Investment Advisory and Financial Planning Services are offered through Pure Financial Advisors, LLC, a Registered Investment Advisor. • Pure Financial Advisors LLC does not offer tax or legal advice. Consult with your tax advisor or attorney regarding specific situations. • Opinions expressed are subject to change without notice and are not intended as investment advice or to predict future performance. • Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values. • All information is believed to be from reliable sources; however, we make no representation as to its completeness or accuracy. As rules and regulations change, content may become outdated. • Intended for educational purposes only and are not intended as individualized advice or a guarantee that you will achieve a desired result. Before implementing any strategies discussed you should consult your tax and financial advisors. CFP® - The CERTIFIED FINANCIAL PLANNER® certification is by the CFP Board of Standards, Inc. To attain the right to use the CFP® mark, an individual must satisfactorily fulfill education, experience and ethics requirements as well as pass a comprehensive exam. 30 hours of continuing education is required every 2 years to maintain the certification. AIF® - Accredited Investment Fiduciary designation is administered by the Center for Fiduciary Studies fi360. To receive the AIF Designation, an individual must meet prerequisite criteria, complete a training program, and pass a comprehensive examination. Six hours of continuing education is required annually to maintain the designation. CPA – Certified Public Accountant is a license set by the American Institute of Certified Public Accountants and administered by the National Association of State Boards of Accountancy. Eligibility to sit for the Uniform CPA Exam is determined by individual State Boards of Accountancy. Typically, the requirement is a U.S. bachelor’s degree which includes a minimum number of qualifying credit hours in accounting and business administration with an additional one-year study. All CPA candidates must pass the Uniform CPA Examination to qualify for a CPA certificate and license (i.e., permit to practice) to practice public accounting. CPAs are required to take continuing education courses to renew their license, and most states require CPAs to complete an ethics course during every renewal period.