Candid Conversations: Retirement Talk with Ryan Cravitz Ryan Cravitz

When you really boil it down, there are really only three places where you can invest money: the banking world, the insurance world, and the Wall Street world. Understanding how these three worlds of money are used is important, but so is knowing the pros can cons for each.  
Once you’ve done that, you’ll have a better grasp on how to structure your portfolio. Let’s talk about the role that each of those worlds plays in a good financial plan and how we help our clients balance each of these.
 
Here’s some of what you’ll learn on the podcast: 
·      The best uses of the banking world  (4:33)
·      How the insurance world fits into your financial plan. (7:37)
·      The pros and cons of insurance. (11:12)
·      Best uses of the Wall Street world. (13:28)
·      The Wall Street world has some big cons but also carries some pros that can benefit you. (15:13)



CONNECT:

Visit the Cravitz Financial Website: https://cravitzfinancial.com/

Email: ryan@cravitzfinancial.com

Call: 714-462-9155

On today’s show, we’re going to open up the mailbag and find out what questions you have for Ryan. Over the course of this episode, we’ll tackle annuities, life insurance policies, Social Security strategy, and whether it’s time to be more aggressive with your investments. 
If you’ve been curious about any of these financial planning topics, we hope this episode might provide a little more clarity and help you understand how we work through each of these items with our clients. 
 
Here’s some of what you’ll learn on the podcast: 
·      What should you do with your annuity once it has matured? (1:37)
·      Should you add a life insurance policy after retirement? (4:00)
·      Why Social Security claiming should be a part of your retirement planning discussion.  (5:29)
·      Which one is better – term life insurance, universal life, or whole life? (9:12)
·      Is now a time to be a little more aggressive in order to get better returns? (12:18)



CONNECT:

Visit the Cravitz Financial Website: https://cravitzfinancial.com/

Email: ryan@cravitzfinancial.com

Call: 714-462-9155

The question that gets asked most often when someone sits down with a financial advisor is ‘Am I ready to retire?’ We all want to reach the point where we’re financially independent but have you taken the necessary steps to reach that point? 
Today we’ll share some of the common discussions we have with clients when it comes to determining when you can step away from work and begin that next chapter of your life. Plus, we’ll share a few stories about how people know they’ve reached that point and ways we help them when they haven’t. 


Here’s some of what you’ll learn on the podcast: 
·      What’s the reason people are hesitant to retire?  (1:28)
·      Where does a lack of confidence in retirement come from? (3:13)
·      How we approach the conversation when working longer is necessary. (5:49)
·      How to choose assets during a divorce. (9:13)
·      Picking between retirement and paying for a child’s education. (10:13)



CONNECT:

Visit the Cravitz Financial Website: https://cravitzfinancial.com/

Email: ryan@cravitzfinancial.com

Call: 714-462-9155

Most Americans will utilize a retirement account during their working career to put money aside for retirement, and the most common option is the IRA. However, things can get a little trickier when deciding whether a traditional IRA or a Roth IRA is the better fit for your investments.  
On this episode, we’ll provide you with the information you need to understand the differences between these two types of accounts and get a clearer picture of who might benefit from one over the other. 


Here’s some of what you’ll learn on the podcast: 
·      The key differences between the two  (1:38)
·      Why people contributed more to traditional IRAs over Roth.  (4:44)
·      Why the Roth can be so powerful for retirement. (6:00)
·      Who would benefit from a Roth over a traditional IRA? (7:55)
·      Why would you choose traditional over Roth? (9:21)



CONNECT:

Visit the Cravitz Financial Website: https://cravitzfinancial.com/

Email: ryan@cravitzfinancial.com

Call: 714-462-9155

Much like the game of football, retirement planning has a similar period of time where it’s essential for your long-term success. We call this the Financial Red Zone, and it’s the 5-10 years prior to retirement and the first years in retirement. Planning and execution become critical during this time and we’ll tell you why on this episode.
 
Here’s some of what you’ll learn on the podcast: 
·      What is the Financial Red Zone? (2:01)
·      How you should manage your risk during this time. (4:47)
·      Every retirement plan should have these three types of money. (7:15)
·      Why being proactive with your finances will benefit you in the red zone. (10:01)
·      The experience we have working with people in this age range. (11:18)



CONNECT:

Visit the Cravitz Financial Website: https://cravitzfinancial.com/

Email: ryan@cravitzfinancial.com

Call: 714-462-9155

On this episode, we’re going to clear up some of the most common myths and misunderstandings surrounding this retirement program. From how to get the most out of your claim to taxes to whether it will eventually run out of money, Ryan will help you better understand Social Security and what goes into planning for it.

Here’s some of what you’ll learn on the podcast: 
·      The Social Security Administration won’t help you decide when it’s best to start your benefit.  (3:18)
·      There are spousal benefits that many people can take advantage of. (5:52)
·      Why you might have to pay taxes on your benefits. (7:33)
·      Will the Social Security program run out of money? (10:03)
·      Why you probably shouldn’t claim the benefit as early as possible. (14:17)



CONNECT:

Visit the Cravitz Financial Website: https://cravitzfinancial.com/

Email: ryan@cravitzfinancial.com

Call: 714-462-9155