Retirement Coach's Corner Alan Mercurio & Troy Bolton

Some financial questions are obvious and popular, while others are more hidden. Today, we dig through some of the more overlooked yet equally important questions to ask when going over your retirement plan. From savings that later turn into your largest expense, are you watching these financial elements closely? Do you know how much you can safely withdraw from your retirement savings?
Alan and Troy share what indicators they track and how to calculate both your expenses and needs-based income in retirement. You may be surprised by what you look at differently over time as your financial needs and goals change.
 
Here’s some of what we discuss in this episode:
How much are my tax-deferred savings going to cost me? How much can I withdraw from my savings safely? Do I need life insurance once I’m retired?  
Episode Resources
Tax liability calculator:
https://retirementtaxbill.com/?u=MFZxWUQvT0pkUmdLay85eUlIU2tkZz09
Get additional financial resources here: https://mercurioadvisors.com/podcasts/
 

Continuing care retirement communities (CCRC) are on the rise as Baby Boomers enter into retirement. These communities have become a great place to live. The housing, social life, and long-term care plan all in one place carry a lot of appeal for some, but not all. We chat about what to look for in this type of community and what considerations people face when making the transition.
This can be a big financial commitment, so it’s important to understand the financial structure. Does it require a large down payment or have a buy-back feature? What happens when your care needs change? Ultimately, you want your decision to coincide with your financial plan.
 
Here’s some of what we discuss in this episode:
Why are CCRCs so popular? What should you consider when picking a CCRC? What are the social benefits? How does a retirement community fit with your financial plan?  
Episode Resources
Youtube video:
 https://www.youtube.com/watch?v=-l_hgYZftVg
Attend an event:
https://mercurioadvisors.com/attend-an-event/
Get additional financial resources here: https://mercurioadvisors.com/podcasts/
 

No one likes to think about it, but most likely, one spouse will outlive the other one. Today, we talk about some of the financial implications that come up after one spouse passes and how to be prepared ahead of time. 
 
Did you know your income, expenses, and tax bracket will all change after one spouse dies? This could make a big difference on how you approach your retirement savings. Having a plan in place will make it much easier on the remaining spouse when the time comes.
 
Here’s what we discuss on today’s show:
What problems have Troy and Alan seen following the loss of a spouse?
What can you do to plan ahead?
What mistakes do people make due to poor planning?
 
Get additional financial resources here: https://mercurioadvisors.com/podcasts/
 

 A lot of financial decisions depend on you, your goals, and your needs for your financial future. But there are certain universal truths that everyone faces when it comes to retirement. We discuss a list of key truths and why you need to plan accordingly. From having an income plan to saving enough to live until you’re 95 years old, you’ll want to hope for the best, but plan for the worst. That way, you can be sure you’re covered no matter what the outcome is.
 
Here are the universal retirement truths we talk through today:
 
Everybody needs an income plan. Everybody needs a plan to address long-term care issues. Nobody can consistently time the stock market. Nobody knows how long they are going to live.  
Get additional financial resources here: https://mercurioadvisors.com/podcasts/

Let’s talk the pros and cons of real estate investing. Is this a part of your retirement plan? Should it be? Some people love the idea of rental properties as opposed to funding a retirement account, but for others, this might sound like a headache.  
 
Troy and Alan share what successes and downfalls they’ve seen among clients. It’s often worth asking the question, “Why are you doing this?” If you’ve got a solid retirement income plan, maybe you don’t need a real estate investment. Or, if you have a lot of real estate holdings, determine what your exit strategy is and your plan for the future.
 
Here’s what you’ll learn on today’s show:
Are rental properties good for your retirement plan? How to you manage liquid assets vs. real estate holdings. What your options are when it’s time to exit real estate?  
Get additional financial resources here: https://mercurioadvisors.com/podcasts/
 

Retirement comes whether you are ready for it or not. When you hit “retirement age” you might wonder if and when you really should retire. Working with an advisor will help you determine if you’ve saved and planned enough.
 
Retirement plans go beyond just the financial decisions —they consider how you want to spend your time in retirement. Some people struggle to walk away from the office, while others can’t wait to make the leap but aren’t prepared financially. Join us as we talk through how to put yourself in the right position to be ready to retire on your terms.
 
Here’s what we discuss on today’s show:
 
Should you retire or should you keep working? Why do some people lack the confidence to retire? What happens when people are ready to retire mentally but not financially?   
Get additional financial resources here: https://mercurioadvisors.com/podcasts/