State Income Taxes - should we move? Thinking about moving to lower your state income taxes, or eliminate them? Do the math before you start packing. https://www.youtube.com/watch?v=mD_bzoQNqY4 Take-aways: 1. State income taxes should NOT be the primary...
4 Tax Terms For Retirees https://www.youtube.com/watch?v=70RJ8MvqqJ4 Key Takeaways from Tax Terms for Retirees 1. There are four important tax terms for retirees to understand: gross income, modified adjusted gross income (MAGI), taxable income, and total tax due. 2....
Key Takeaways from 2 Myths About Social Security: - No concrete changes have been made to Social Security yet. It's not prudent to alter claiming strategies based on speculation about potential future cuts. - The decision to claim Social Security is a "one-way door."...
Are Safer Investments Worth The Risk Right Now? https://www.youtube.com/watch?v=BgrIzXFeFjo Key Take-aways: 1. Real yield (inflation-adjusted yield) is your yield minus the inflation rate, which historically averages between 1% and 2% for risk-free assets 2. The...
Stress-Test Your Plan https://www.youtube.com/watch?v=5MUzpaLMhUA Key Take-aways: - Stress-test your plan is a good way to see if you can ride through rough markets - "Capital Market" outlooks from firms like Vanguard are NOT market timing tools. But they're often...
The New Rainy Day Fund: Your 401k https://www.youtube.com/watch?v=GW7KaA04URQ Key Take-aways: 4.8% of 401k account holders took hardship withdrawals in 2024, up from 3.6% in 2023 and pre-pandemic average of about 2% Auto-enrollment in 401k plans has increased, which...
Investor Behavior Impacts Returns Here are some key takeaways from "Investor Behavior Impacts Returns" - Investor behavior (panicking, selling quickly, over-trading, etc.) tend to lead to poor returns, especially from from volatile funds - Frequent trading and...
Monte Carlo Simulation https://www.youtube.com/watch?v=uynPO0PU_7Y Here are some key takeaways: 1. Monte Carlo simulation explained: It's a retirement planning tool that runs thousands of scenarios using inputs like withdrawal needs, investment returns, and inflation...
Longevity in Retirement: What To Expect https://www.youtube.com/watch?v=4zVseLxY0LA Here are some Key Takeaways: For a married couple aged 65 today, there's a 92% chance of at least one spouse living until age 85 if both are non-smokers. This emphasizes the need to...
401k Loans Are Bad? https://www.youtube.com/watch?v=Sv0nIVcWDlk Here are some key takeaways: - Taking 401k loans can significantly impact retirement savings due to missed opportunity costs, potentially reducing the final balance by hundreds of thousands of dollars. -...
