The Truth About Retirement – Ways to Maximize Your Lifestyle

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Pure's Senior Financial Advisor, Allison Alley, CFP®, MSBA, AIF® helps you define your unique retirement vision.

00:00 Intro
00:37 Retirement Expectation vs Reality
1:46 Gap Between Work and Retirement
3:48 Find Purpose in Retirement
7:50 Stay socially engaged
10:27 Sharing what you know
15:46 Q&A
I may not be watching TV a lot, but I do find myself scrolling through my phone for long periods of time. How do I set boundaries with tech, so it doesn’t feel overwhelming?
How can I use technology to improve my quality of life, physically and mentally?
What’s a safe pace to travel when you’re retired and expect to live 20+ years? How do I make my money last and plan to travel as much as I physically can?
I have a son that moved back in after our retirement. How do I guide him in the right direction so he may be able to live on his own again?
21:23 Plan for your lifestyle
21:40 Phased Retirement
22:40 Budget to not run out of money
25:10 Minimize sequence of returns risk
27:00 Social Security Taxes
28:26 Tax diversification
32:32 Q&A
For provisional income, is it for both spouses in the example?
What percentage of tax should I have taken out of Social Security distribution? Or is there a set percentage?
I want to take money from my Roth IRA but I was told I’d be taxed on the gains. Is this correct and what would be the impact?
I just started receiving Social Security and I’m not paying any taxes yet but my wife is still working full time. Will we be subject to penalties?
37:46 Medicaid
38:47 Staying healthy
40:55 Q&A
Having spent my life in critical care, 24-hour on call, and brain working constantly, how does one prepare for nothingness?
Tips on an adult child who has a steady income. How do I guide him/her out of the house?
I am in delayed credit in Social Security; does it make sense to wait a couple of years at 70 to start collecting when money is going to get trimmed down in Social Security payments?
Do Roth IRA withdrawals count towards the IRMAA income calculation for Medicare premiums?

Pure Financial Advisors, LLC is a fee-only Registered Investment Advisor providing comprehensive retirement planning services and tax-optimized investment management to thousands of people across the nation.

IMPORTANT DISCLOSURES:
• Investment Advisory and Financial Planning Services are offered through Pure Financial Advisors, LLC, a Registered Investment Advisor.
• Pure Financial Advisors LLC does not offer tax or legal advice. Consult with your 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.
CFP® - The CERTIFIED FINANCIAL PLANNER® certification is by the CFP Board of Standards, Inc. To attain the right to use the CFP® mark, an individual must satisfactorily fulfill education, experience and ethics requirements as well as pass a comprehensive exam. 30 hours of continuing education is required every 2 years to maintain the certification.
MSBA – Master of Science in Business Administration
The Master of Science in Business Administration (MSBA) degree is earned after successfully completing a bachelor’s degree from an accredited institution. A person holding this degree has pursued further study in an area of specialization (i.e. financial and tax planning). The typical length of time to complete the program is 1 to 2 years for full-time students.
AIF® - Accredited Investment Fiduciary designation is administered by the Center for Fiduciary Studies fi360. To receive the AIF Designation, an individual must meet prerequisite criteria, complete a training program, and pass a comprehensive examination. Six hours of continuing education is required annually to maintain the designation.