Videos

If you have company stock that you've purchased within a 401k account, your ear should perk up right now because there's a way for you to save quite a bit of money on so simply stating, if you do have company stock in a 401k, you need to take this NUA treatment- net unrealized appreciation treatment, while it's still in the 401k.

So the thing that you need to be aware of is that the health care premiums, the insurance premiums are income based. If you retire early, you may be eligible for the Affordable Care Act, because if you retire before 65, you really would have to go out and try to find some kind of private insurance, which can be very expensive.

So, a lot of times you'll have people that retire and then they start to really think about different things that they want to do and the retirement piece. I rarely see people just stop working and just full on retire where they have nothing else going on. They're relaxing sitting at home and just enjoying themselves. Typically, it's a phase 2 that they enter into and that really means reduce commitments. You're not going to meetings all the time. You're not working 50 to 60 hours a week. You're able to enjoy your passion, your lifestyle, your family, et cetera, but you're still doing something that reflects your passion and the fact that you are a seasoned professional in a certain area.

In this video, we dive into the importance of strategic financial planning for retirement, focusing on required distributions from 401k and IRA accounts. We use the example of Carol, who faces potential high tax brackets and increased Medicare premiums in retirement. By exploring different scenarios and asset allocation strategies, we uncover how to optimize income, reduce taxes, and minimize healthcare costs during retirement. Join us as we discuss practical tips to maximize the longevity of your assets and navigate the complexities of retirement planning.

From a financial perspective, it's in your best interest not to pay off your mortgage in retirement but to keep your money compounding. Over 10 years, a $500,000 investment would grow to over $814,000 compared to the $696,650 total cost of a loan. This dynamic is due to how amortization works, with the balance decreasing over time. The assets are irreplaceable, akin to having all your 'mules' working for your benefit in retirement. Preserve these assets for potential end-of-life expenses, ensuring financial security for the long term.

Join Antwone Harris, Chief Planning Strategist at Platinum Bridge Wealth Strategies, for a replay of our webinar: "5 Things Executives Must Do 5 Years Before Retirement." This advanced session delves into structuring investments, tax mitigation, and maximizing retirement assets' longevity. Benefit from Antwone's two decades of expertise in retirement income planning. Gain insights from real-life examples, actionable steps, and the significance of early planning to optimize your retirement strategy for long-term financial security.