24 min
2021 Retirement Checklist - What You Need to Know Secure Your Retirement
-
- Investing
What are your financial goals for 2021?
As you approach retirement, there can be many moving parts to your finances. From mortgages and 401Ks to Social Security and Medicare, it can become increasingly challenging to keep up.
That’s why we recommend conducting a thorough review of your finances early in the year. Planning ahead can give you peace of mind that your retirement finances are being taken care of, so you can focus on the more important things in life.
But knowing where to start can be a challenge in itself. That’s why this episode of our Retirement In Action series provides you with a retirement and financial planning checklist. We share what you should review to set you up for a prosperous 2021 and some key information to help you plan your finances.
In this episode find out:
The limitations to 401K and IRA contributions for 2021How to consolidate 401Ks and IRAs tax-freeHow to plan for RMDsHow an equity line of credit can provide easy access to emergency cash reservesWhy you should refinance sooner rather than later – if you’ve got a loan on a propertyWhen you should apply for Social Security
Tweetable Quotes:
“For 401Ks, the contribution limit for 2021 is $19,500. If you're above 50 years old, you can add an additional $6,500.” – Murs Tariq
“You can move your money from 401K plans to an IRA, completely tax-free” – Radon Stancil
Important Links & Mentions:
Tammi Rowe – Planning Your Mortgage and RetirementRoth Conversion - When and HowNavigating Medicare in RetirementText us your questions on 984-207-1753
Resources:
If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!
To access the course, simply visit POMWealth.net/podcast.
To receive our free book, Get Off the Retirement Rollercoaster, leave a 5-star rating review on Apple Podcasts and send a screenshot to mailto:morgan@pomwealth.net.
What are your financial goals for 2021?
As you approach retirement, there can be many moving parts to your finances. From mortgages and 401Ks to Social Security and Medicare, it can become increasingly challenging to keep up.
That’s why we recommend conducting a thorough review of your finances early in the year. Planning ahead can give you peace of mind that your retirement finances are being taken care of, so you can focus on the more important things in life.
But knowing where to start can be a challenge in itself. That’s why this episode of our Retirement In Action series provides you with a retirement and financial planning checklist. We share what you should review to set you up for a prosperous 2021 and some key information to help you plan your finances.
In this episode find out:
The limitations to 401K and IRA contributions for 2021How to consolidate 401Ks and IRAs tax-freeHow to plan for RMDsHow an equity line of credit can provide easy access to emergency cash reservesWhy you should refinance sooner rather than later – if you’ve got a loan on a propertyWhen you should apply for Social Security
Tweetable Quotes:
“For 401Ks, the contribution limit for 2021 is $19,500. If you're above 50 years old, you can add an additional $6,500.” – Murs Tariq
“You can move your money from 401K plans to an IRA, completely tax-free” – Radon Stancil
Important Links & Mentions:
Tammi Rowe – Planning Your Mortgage and RetirementRoth Conversion - When and HowNavigating Medicare in RetirementText us your questions on 984-207-1753
Resources:
If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!
To access the course, simply visit POMWealth.net/podcast.
To receive our free book, Get Off the Retirement Rollercoaster, leave a 5-star rating review on Apple Podcasts and send a screenshot to mailto:morgan@pomwealth.net.
24 min