Retirement Planning 201: Real Advice on Taxes, Social Security, Healthcare and Investing

Retirement Planning 201. We dive deep into strategies for those considering retirement in the next 5 years. This is 201 because we go much deeper into taxes, healthcare, social security and investing than the typical retirement planning article. We discuss:

0:00 Your Most Valuable Resource (Time) + Working in Retirement

5:14 How long will you live? + How much will you spend?

8:10 When to Take Social Security

11:40 IRAs vs. 401ks vs. ROTH + Reducing Taxes In Retirement

15:00 Early Retirement Healthcare + Original Medicare vs. Medicare Advantage

18:40 Investing for Retirement

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Data Sources:

Workforce Participation: Bureau of Labor and Statistics, Employee Benefit Research Institute, Greenwald Research

Retirement Spending: J.P. Morgan Chase, “Three Retirement Spending Surprises”

Life Expectancy: American Academy of Actuaries and Society of Actuaries, Actuaries Longevity Illustrator, http://www.longevityillustrator.org/, (accessed August 2022).

Social Security: Social Security Administration, Capital Stewards Analysis, Table shows figures assuming maximum benefit from social security, based on 2024 payout data and not adjusted for inflation.

© 2024 Capital Stewards, LLC. All rights reserved. Capital Stewards, LLC is a registered investment advisor. Any commentary is provided for general information and educational purposes only and should not be construed as specific investment, tax or legal advice. Instead, readers should make an independent assessment of the information and determine if any content mentioned is appropriate for their personal situation. Past performance of market results is no assurance of future performance. This information has been obtained from sources deemed reliable but is not guaranteed.