Retirement Planning’s Hidden Questions

11/02/23 • 21 min

Another Day In Retirement Paradise with Eric Judy

On this episode, we’re going to tackle these questions that might not get much attention ahead of retirement but are essential to success in that next chapter of life. Much of what we’ll take you through will affect the key areas of planning so make sure you’re asking these questions well ahead of the day you want to retire.

Here’s are the questions we want to address today:

How much are my tax-deferred savings going to cost me in taxes?
How much can I withdraw from my savings each year?
Should I still have life insurance when I’m retired?
What kind of medical coverage will I need over and above Medicare?
How much am I really paying in fees and commissions?

Connect with Eric Judy online at https://www.judyfg.com/ or by calling 217-303-1711. You can also book a complimentary review at https://calendly.com/ericjudy

Here’s are the questions we want to address today:

How much are my tax-deferred savings going to cost me in taxes?
How much can I withdraw from my savings each year?
Should I still have life insurance when I’m retired?
What kind of medical coverage will I need over and above Medicare?
How much am I really paying in fees and commissions?

Connect with Eric Judy online at https://www.judyfg.com/ or by calling 217-303-1711. You can also book a complimentary review at https://calendly.com/ericjudy

Previous Episode

Understanding RMDs: A Guide For Retirees & The Soon-to-Retire

Are you over 55 and pondering retirement? Dive into the world of Required Minimum Distributions (RMDs) with us. In this episode, we demystify the reasons behind mandatory withdrawals from your retirement savings.
Here are a few of the things you’ll learn in this episode:

What are RMDs and why are we required to take this money out?
Is there any way to avoid taking RMDs?
What are the biggest risks you face by not planning in advance?
If you don’t need the money for income, what else can you do with your withdrawals?

Connect with Eric Judy online at https://www.judyfg.com/ or by calling 217-303-1711. You can also book a complimentary review at https://calendly.com/ericjudy

Next Episode

Money Mistakes You'll Regret and How to Avoid Them

On today’s episode explore some real-life stories of regret and arm yourself with the essential dos and don'ts to ensure your money works for you, not against you. We’ll cover some important planning areas so whether you’re near retirement or already enjoying the next phase of life, this show will provide valuable financial insight.

Here’s some of what you’ll learn today:

Why you need to have a plan for your IRA withdrawals because taking money out early can be costly.
Don’t chase a lifestyle as your income increases instead of building your savings.
How to evaluate college tuition costs and figure out the best return on investment.
How costly it can be to retire early if you haven’t planned it out.
Have you looked into the Roth investment options?

Connect with Eric Judy online at https://www.judyfg.com/ or by calling 217-303-1711. You can also book a complimentary review at https://calendly.com/ericjudy