Скачать с ютуб DON'T do this with your money in retirement в хорошем качестве

DON'T do this with your money in retirement

Managing your retirement savings properly ensures financial security throughout your retirement. In this video, we'll highlight important mistakes to avoid so you can safeguard your retirement funds for the future. Here’s what we’ll discuss: Avoid Early Withdrawals: Taking money out of your retirement accounts before you turn 59 ½ can result in heavy penalties and taxes. Early withdrawals may incur a 10% penalty and increase your taxable income, possibly moving you into a higher tax bracket. Understand the Tax Consequences: Withdrawals from tax-deferred accounts like IRAs or 401(k)s are subject to taxes. If you're not careful, this could lead to a significant tax bill, so it’s crucial to plan wisely to avoid unexpected financial hits. Account for Inflation: Ignoring inflation can reduce the value of your retirement income over time. Consider investment options that can help protect against inflation, such as annuities with increasing guaranteed lifetime withdrawal benefits. Prepare for Healthcare Expenses: Healthcare costs, including long-term care, can quickly drain your retirement savings. Make sureEnsure a plan, such as long-term care insurance, to cover these potential expenses. Strike a Balance in Your Investments: Investing too aggressively or conservatively can be risky. Ensure your investment strategy is well-balanced, considering growth and protection, to avoid jeopardizing your financial stability. Don’t Forget Required Minimum Distributions (RMDs): Once you reach age 73, you must take RMDs from your traditional retirement accounts. Failing to withdraw the required amount can lead to a 50% penalty, so stay on top of these requirements. Have a Diversified Income Plan Beyond Social Security: Social Security may not be enough to meet all your retirement needs. Ensure you have a diversified strategy, including pensions, annuities, and personal savings, to support you throughout retirement. By avoiding these mistakes, you’ll be better positioned to protect your retirement savings and enjoy a financially secure future.👉 Don't forget to like, subscribe, and hit the notification bell for more financial tips and retirement strategies! How To Protect Your Money In Retirement Guide: https://www.annuityexpertadvice.com/h... Be sure to like, comment, and subscribe for more insights on retirement planning and securing your financial future! Call (770) 755-1565 to schedule a free consultation. For more resources and content, check us out below! Instagram:   / annuityexpert   Facebook:   / annuityexpert   Pinterest:   / annuityexpert