In this conversation, Jeremy Nelson and Gary Nolan discuss the evolution of retirement planning from the 1990s to today, emphasizing the need for modern strategies that account for longer lifespans, inflation, and changing market conditions. They critique the outdated 4% rule and explore various income strategies, including the role of dividend stocks, bucket strategies, and annuities. The discussion also covers the implications of Roth versus traditional IRAs, the importance of understanding required minimum distributions (RMDs), and the risks associated with investing like the wealthy. Finally, they address estate planning and how to minimize tax exposure for heirs.

Reach out to Jeremy at 800-800-6073 or https://www.myelementwealth.com/

See omnystudio.com/listener for privacy information.

In this episode of Element Wealth Radio, Jeremy Nelson discusses the current landscape of annuities, emphasizing the importance of reviewing existing contracts in light of rising interest rates. He highlights the potential benefits of 1035 exchanges, the impact of required minimum distributions (RMDs) on tax brackets, and the implications of the Secure Act on inherited IRAs. The conversation also covers strategies for aligning lifestyle goals with financial planning, managing the fear of running out of money, and the importance of diversifying income sources in retirement. Additionally, Jeremy provides insights on inflation protection and the best practices for purchasing annuities, particularly for those with special needs beneficiaries.

Reach out to Jeremy at 800-800-6073 or https://www.myelementwealth.com/

See omnystudio.com/listener for privacy information.

In this episode of Element Wealth Radio, Jeremy Nelson and Gary Nolan discuss common misconceptions about retirement planning, emphasizing the importance of early planning, understanding healthcare costs, and the reality of 401(k) contributions. They explore strategies for generating tax-free income in retirement, including Roth conversions, and address the challenges of early retirement and inflation. The conversation also covers the pros and cons of annuities as a financial tool for retirees.

Reach out to Jeremy at 800-800-6073 or https://www.myelementwealth.com/

See omnystudio.com/listener for privacy information.