Retirement is often imagined as a season of freedom and fulfillment—but reality doesn’t always line up with expectations. In this episode of Behind The Wealth, we explore surprising insights from recent studies on how retirees’ actual experiences differ from workers’ assumptions.
We’ll unpack:
The mismatch between retirement expectations and reality
Why many retirees face unexpected challenges with income, healthcare costs, and lifestyle changes
Retirement is often imagined as a season of freedom and fulfillment—but reality doesn’t always line up with expectations. In this episode of Behind The Wealth, we explore surprising insights from recent studies on how retirees’ actual experiences differ from workers’ assumptions.
We’ll unpack:
-
The mismatch between retirement expectations and reality
-
Why many retirees face unexpected challenges with income, healthcare costs, and lifestyle changes
-
How to create a retirement plan that allows you to enjoy your savings without fear
-
Strategies to balance longevity with living the retirement you’ve worked so hard for
Take control of your financial future: https://www.btwealthshow.com/start-planning
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Economic forecasts set forth may not develop as predicted and there can be no guarantee that strategies promoted will be successful.
There is no assurance that the techniques and strategies discussed are suitable for all investors or will yield positive outcomes. The purchase of certain securities may be required to effect some of the strategies. Investing involves risks including possible loss of principal.
Asset allocation does not ensure a profit or protect against a loss.
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A Roth IRA offers tax deferral on any earnings in the account. Qualified withdrawals of earnings from the account are tax-free. Withdrawals of earnings prior to age 59 ½ or prior to the account being opened for 5 years, whichever is later, may result in a 10% IRS penalty tax. Limitations and restrictions may apply.
Consult your tax professional about eligibility to Roth and Traditional IRA contributions. Contributions and earnings in a Roth IRA can be withdrawn without paying taxes and penalties if the account owner is at least 59 ½ and has held their Roth IRA for at least five years.
Traditional IRA account owners have considerations to make before performing a Roth IRA conversion. These primarily include income tax consequences on the converted amount in the year of conversion, withdrawal limitations from a Roth IRA, and income limitations for future contributions to a Roth IRA. In addition, if you are required to take a required minimum distribution (RMD) in the year you convert, you must do so before converting to a Roth IRA.
Premier Investments & Wealth Management and LPL Financial do not provide specific individualized tax or legal advice. We suggest that you discuss your specific situation with a qualified tax or legal advisor.
