EASE Into Retirement

Variable annuities offer stock market growth potential along with stock market loss concerns. Variable annuities have both fees for the annuity structure and fees for the product investment options.  Many retires prefer the less risk offered in other types of annuities but there are occasionally places where they fit in a client's plan.  For more information go to: www.mosleywealthmanagement.com

A Fixed Annuity is in some ways similar to a CD in that it has a guaranteed interest rate for a specific length of time and are less risky than Fixed Indexed Annuities but generally have lower returns. It is NOT FDIC insured. A Fixed Indexed Annuity offers a guarantee against losing assets in down markets, but potential grown in good market years tied to various market indices. They involve more r...

With immediate annuities the income flow starts immediately after a single premium purchase is locked in, and likely has no tax penalty for pre 59 1/2 withdrawals.  Deferred annuities allow assets to accumulate until needed, maintain your withdrawal options for the future, and can be surrendered or withdrawn but likely have tax penalty of 10% for pre 59 1/2 withdrawals.  For more information go to...

Annuities are long-term financial contracts between a policy/contract owner and an insurance company. Annuities are insured by the claims paying ability of the insurance company. Lifetime income could be a big positive for an annuity, but there are likely surrender charges and potential tax penalties for early withdrawal of the assets.  For more information go to: www.mosleywealthmanagement.com

The website where you can set up an account to see all your up-to-date numbers is socialsecurity.gov . Claiming your social security at age 62 could be a good send, or a disaster. Your full retirement age is based on the year you were born. Waiting to age 70 might be best, but not if you starve yourself on the way there! For more information go to: www.mosleywealthmanagement.com

Passive investments practice more of a buy and hold strategy. Active investments depend on professional money managers to make tactical decisions to grow and protect a portfolio. For more information go to: www.mosleywealthmanagement.com

In the accumulation stage, growth should be your major objective and risk takes a back seat. In the preservation stage, safety is likely your major objective with growth taking a back seat. In the distribution stage, your prior preparation means everything, as in 100%. A Riskalyze analysis can help identify your specific internal risk tolerance.  For more information go to: www.mosleywealthmanagem...

Original Medicare is composed of parts A and B and covers hospitals, doctors, durable medical equipment, etc. It covers 80% of approved costs. Medicare Supplement, Medicare Advantage and Prescription Drugs Part D plans can be purchased to address many of the additional 20% of the cost. Work with a professional who offers all of the various types of plans in order to make sure you have the coverage...

Pothole #13 - To Move or Not to Move Weigh the reasons to move or stay in California carefully. The $200,000 question might be- Should I stay, or should I go? Pothole #14 - Friends become an Issue Enjoy your time with friends while you can, and they are still here. But don't be afraid to say no to activities that might break your bank on your back. For more information go to: www.mosleywealthmanag...

Pothole #11 - You May Feel Guilty Spending Your Savings 1.Going through the retirement door moves you from the Accumulation Room to the Documentation Room.  2. You may feel uncomfortable in the new environment.  Pothole #12 - You May Not Need What You are Forced to Withdraw! 1. At age 72, you may have more than enough income, especially that you want to pay taxes on. 2. Consider paying the taxes e...

Creating a great retirement plan generally does NOT mean deciding which child you want to move in with! Pothole #9 - Work may be a part of retirement. Often retirees are employed, and the three major reasons are: 1. Necessity 2. Choice 3. Boredom Pothole #10 - You might have to move in with your kids. Three major reasons retirees move in with their children are: 1. Economic necessity 2. Declining...

Pothole #7 - Living on Social Security alone Prevent the damage! Work as long as you can, save as much as you can, take Social Security as late as you can. Pothole #8 - BOREDOM! Prevent the damage! Develop a bucket list (maybe 2) and get busy on your list. For more information go to: www.mosleywealthmanagement.com

Pothole #5 - Long-term care costs could wipe out your savings. Prevent the damage! You definitely need a plan, but perhaps not a policy. Pothole #6 You might not be prepared for high Healthcare costs. Prevent the damage! Evaluate all your options as you leave employment. Re-evaluate as you travel through retirement. For more information go to: www.mosleywealthmanagement.com

Pothole #3- Inflation takes a bigger bite than you think. Prevent the Damage! Keeping the investment side of your portfolio in equity (Stocks, Security, Real Estate) position to help grow with inflation.   Pothole #4- You might outlive your savings.  Prevent the Damage! Secure your income for life and match your portfolio risk to your personal risk tolerance.  For more information go to: www.mosle...

Pothole #1- Continuing to put more value un your net worth or portfolio value than your income amount. Prevent the Damage! Call it what you want, develop a budget/spending plan so you can build a plan to give you secure monthly income. Pothole #2- Under estimating the impact of taxes on your retirement portfolio.  Prevent the Damage! Start now to build your tax-free sources of income.  For more in...

Can I take RMD money and put it into a ROTH IRA? I just sold my home, can I put these proceeds into a ROTH IRA? I'm still working at age 73 and all my retirement savings are in my active 401k. Can I roll that money over into an IRA?   For more information go to: www.mosleywealthmanagement.com

Lay out your wishes and desires in writing while you are able. Take control of your end-of-life decisions and directions. Leave your legacy in the most advantageous way possible. For more information go to: www.mosleywealthmanagement.com

Before you retire, find out what benefits your company provides that may be portable . If you retire before age 65 or your spouse is under 65, address the health care coverage you will secure until eligible for Medicare.  If retiring after 65, decide whether a Medicare Supplement or a Medicare Advantage plan best fits your needs. For ultimate needs, a plan to address Long-Term care and Advantage H...

Know your marginal tax bracket The difference between regular income and capital gains How you could pay excess Medicare premiums Take the MACRO not the MICRO approach to taxes Don't get caught in the RMD trap Social Security income could likely be taxed Harvesting from the forever taxed IRA to the tax-free ROTH Don't get caught by the widows penalty Tax laws are written in pencil For more informa...

In the good old days of investing, you could play it safe and not starve. After a 13-year bull market with a major downturn, YOU SHOULD NOT BE INVESTING LIKE YOUR DAUGHTER. You should INVEST AT A RISK LEVEL THAT ALLOWS YOU TO SLEEPAT NIGHT! For more information go to: www.mosleywealthmanagement.com

Inflation makes a bigger impact than most think Many Retirement Plans are not built to counteract a rise in inflation How you can protect yourself against inflation For more information go to: www.mosleywealthmanagement.com

Start by getting specific with what most consider a four-letter-word; B-U-D-G-E-T! Get specific. Total all your personal sources of income and subtract to determine your potential GAP. Determine the Three Bucket Strategy; At risk or insured, that best fits your internal risk tolerance. For more information go to: www.mosleywealthmanagement.com

When you retire your income will generally not come from employment but from assets you have set aside, plus Social Security. Social Security claiming decisions are often complex, so get specific advice, not just general information. Pensions, Rentals, and Royalties are often common sources of retirement income. For more information go to: www.mosleywealthmanagement.com

9. Estate Tax thresholds are huge right now, but there may be a storm cloud building on the horizon. 10. You actually get a little added standard deduction bonus once you reach age 65. For more information go to: www.mosleywealthmanagement.com

6. Required Minimum Distributions from multiple IRAs or multiple 401ks are treated differently. 7. The due date for the first RMD is December 31st or April 1st, no fools! 8. Life Insurance proceeds pass tax free to the beneficiaries. For more information go to: www.mosleywealthmanagement.com