We've all heard the saying "save it for a rainy day." Your rainy day has come, and it's called retirement. Joe and Big Al take you through some key saving strategies to implement so you can retire the way you have envisioned. Find out how to protect the nest egg you worked so hard to build.

Transcription:

2:27 “That’s one thing you can control – how much you’re saving. We’re going to go through six things to protect your nest egg”

4:26 “What about if you are already 50 years old and you have nothing saved?”

5:32 “Take a look at what you’re trying to do, get a plan in place and make sure you execute that plan – that’s key”

6:30 “Sometimes working just a few years more can make a huge (financial) difference…sometimes pushing your retirement out even a couple years can double your income”

9:12 “If you pay for your child’s education with money that would otherwise go to your retirement account, you’re jeopardizing your own retirement”

10:35 “I’m 49 years old and I’d like to know how much I should be putting in my Roth IRA every year so I can retire comfortably around the age of 65”

14:35 “This is where planning comes in: you have to decide how much money you’re spending, what your fixed income sources are, what your Social Security and pension income are”

15:10 “A good income plan or tax plan falls apart if you don’t have the right investments so you need to be somewhat defensive but not too defensive because you might live 20 or 30 years in retirement”

21:14 “When I retire, I will need my pension to live on. Should I take a monthly income from my pension or a lump sum?”

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IMPORTANT DISCLOSURES:
• Investment Advisory and Financial Planning Services are offered through Pure Financial Advisors, Inc. A Registered Investment Advisor.
• Pure Financial Advisors Inc. does not offer tax or legal advice. Consult with a 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 As rules and regulations change, content may become outdated.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. #YourMoneyYourWealth #YMYW #YourMoneyYourWealthTV

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