Retirement Made Simple Kevin Lum

Thinking about working part-time in retirement? You're not alone! Many retirees choose to keep working for extra income, social connection, or to stay mentally sharp. But a part-time job in retirement looks different than a full-time career. In this video, we explore 8 essential things to consider before diving into a post-retirement job search.

We'll cover how to:

-Balance your desired lifestyle with work hours.
-Leverage your experience and skills for a fulfilling role.
-Find a job that fits your physical health and abilities.
-Explore flexible work arrangements and remote options.
-Consider the financial impact on your retirement income.
-Think about the social aspects and potential for new connections.

By taking these factors into account, you can find a part-time job that complements your retirement goals and keeps you feeling happy and engaged.

✅ *FREE RETIREMENT ASSESSMENT* ✅

In today's video, we are going to discuss the "5 BIG Purchases Retirees (Almost) Always Regret!" 🛑

Financial mistakes can cause significant stress and uncertainty, especially during the retirement years when income is fixed. If you’re retired or nearing retirement, it’s crucial to make informed decisions to avoid regrets later on.

🔍 We have gathered insights and real-life experiences to compile this must-see list for retirees and future retirees. We’ll explore various big-ticket items and investments that seem enticing but have left many retirees wishing they could turn back time.

Here’s a sneak peek at what you’ll learn:

1️⃣ The unexpected burdens of buying a new boat
2️⃣ The hidden pitfalls behind building your dream home 🏡
3️⃣ Why investing in an RV may not be the best idea for everyone 🛥️
4️⃣ The substantial financial and emotional costs of timeshares ⏰
5️⃣ The reasons some retirees regret giving family money

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In this episode, we explore five sources of tax-free retirement income.

Understanding these sources can be crucial for minimizing your tax burden during retirement. 

In this episode, we'll break down each source, explain its benefits, and guide you on how to potentially incorporate it into your retirement planning. 

Whether you're nearing retirement or just starting to plan, this information is essential for a secure financial future. 

Deciding when to claim Social Security benefits is a decision that affects millions of retirees. In this episode, we delve deep into a popular question: should you claim Social Security early and invest the money?

We'll break down the benefits, potential risks, and key factors to consider. From the impact on your overall retirement savings to market risks, we cover it all!

✅ What we cover:Introduction to how the Social Security benefits work. 📜Real-life scenarios: see the impact of different decisions on hypothetical retirees. 🧑‍🦳👩‍🦳

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Are you looking for a smart and tax-efficient strategy to boost your retirement income? In today's video, we delve into the powerful concept of utilizing a taxable brokerage account to maximize your tax-free retirement income.

✅ Understanding the concept:
We begin by exploring the ins and outs of taxable brokerage accounts and how they can play a crucial role in your retirement plans. By keeping taxable investments in a brokerage account, you gain immense flexibility in generating tax-free retirement income that can significantly impact your financial future.

✅ Utilizing tax-efficient investments:
Discover various tax-efficient investment options that align perfectly with your retirement goals. We explain the importance of capital gains taxes, dividends, and other factors in selecting the right investments for your taxable brokerage account.

✅ Long-term estate planning strategies:
We delve into long-term tax planning strategies, providing valuable insights on how to navigate tricky tax estate tax laws to your advantage.

In this episode, we explore the complexities of earning an income and receiving social security benefits.

Key points covered in this episode:

-Case Study: A real-life scenario where a prospect's social security payments were abruptly stopped, leading to confusion and concern.

-Understanding Social Security: An in-depth look at the intricacies of claiming social security benefits while working a part-time or full-time job.

-Earnings Thresholds: Discussion on the various income thresholds and the penalties that apply when you exceed them.

-Q&A Segment: Answers to commonly asked questions about retirement planning, including the impact of a working spouse on your social security benefits, and whether or not you need to report your income to the Social Security Administration.

*Free Retirement Assessment* // https://foundryfinancial.org/get-started
*Private Facebook Group* // http://facebook.com/groups/retirementforum