Monolith Money Show

Over 4.1 million people will turn 65 this year and for several more years to come, and that means record retirements will put a big strain on Social Security. Medicare and more. Jeff and Camille look at these figures and, if you are one of those soon-to-be retirees, how you should approach planning during this time. They also revisit the three stages of retirement and answer more questions from th...

In recent days, market volatility has come back with a vengeance - down 600 to 1000 points on some days, but bouncing right back afterwards. Camille reminds us that these periods do happen, and that financial plans take this into account as best as they can so the effects of volatility can be mitigated. She and Jeff also revisit four retirement questions on people's minds, and also answer question...

Longevity, taxes, health care costs and market performance. These are areas that no one is completely certain about going into the future, but advisors help retirees plan for these areas as best they can. Jeff and Camille explain how this works and how it can help any given retiree or couple be more certain of their finances going forward through their retirement years. They also look at recent ne...

Jeff and Camille discuss the upcoming presidential election, reacting to comments from Jeff Bush of the Washington Insider, and talking about how financial questions will play a huge role in the campaign. They also discuss four important retirement questions such as when someone can retire, if they have saved enough money, and more.

What people want and need in retirement is guaranteed income to cover their fixed monthly expenses. Jeff and Camille discuss some of the strategies to put your retirement savings to work in providing this type of income and how to best make it work for a particular person's retirement plan.

Today Jeff and Camille discuss how to create a retirement plan that covers all five main areas of finances in your post-working years, including income, taxes, health care and legacy planning, as well as money for growth to cover future inflation and rising costs.

People are emotional about money, and can behave in certain ways that aren't always best for their retirement savings. Today Camille looks at some particular behaviors such as herd behavior that people sometimes follow and how proper planning can help avoid bad decision making for someone's retirement savings.

Jeff and Camille discuss legacy planning and how it can benefit your loved ones if proper planning is done ahead of time.

Camille is solo today as she takes you through what it is like to be a client at Monolith Financial Group, including what happens after you make the first call to the initial meeting all the way through putting a Monolith Money Map together and making sure to update the plan as necessary throughout retirement.

Are you confused by the subject of annuities? In case you are, Jeff and Camille are here to bring you the facts about this polarizing financial product that can bring you guaranteed lifetime income, as well as other benefits you may now know about.

When can I retire? Have I saved enough? Will my money last? Will my loved ones be taken care of if something happens to me? These are the top of mind questions people want to know if they are thinking about retiring. Today Jeff and Camille answer these pertinent questions and discuss how proper planning addresses these issues.

Retirement Tool Kit - March 2, 2024 by MonolithMoneyShow

Today Jeff and Camille open the show by taking on five retirement questions many people ask when planning. These include how much should they have saved, whether or not to pay off their mortgage, and three others. Later they look at the five stages of a person's financial life and how retirement planning plays into each one.

Sometimes the way retirement happens in real life turns out differently than what was expected beforehand. Jeff and Camille talk about what people should plan for besides financial aspects so that their post-working years play out smoothly in all aspects of their lifestyle.

First, Jeff and Camille look at what to expect in financial law changes in the new year, including new IRS rules, Social Security adjustments, and more. Then they take a look at baby boomers being the latest group of retirees but also the first Gen Xers getting into retiring, and what they should be doing to prepare for when it's there turn to pull the trigger.

Today Jeff and Camille look at various financial resolutions you might make for yourself going into 2024. They also take a look back at some of the unknown factors that can affect retirement planning.

People heading for retirement have numerous concerns when it comes to their money, including inflation, health care costs, and running out of money. Today Jeff and Camille discuss various strategies to help clients plan for the various twists and turns retirement can bring so that their money will be there when they need it most.

There are several areas that are never exactly certain when retirement approaches - how long you may live, the cost of health care, market performance, taxes. These are several things that still need to be accounted for, and today Jeff and Camille look at some of the ways they can help clients to best plan in each of these areas.

Jeff and Camille go over a checklist for you to keep track of regarding financial moves to make before the end of 2023, and especially by the end of November. They also go over a retirement "tool kit" that involves a number of potential strategies for you to use in your plan, depending on your specific situation.

Three of the most important things to put on a retirement planning list are income, health care costs and taxes. Today Jeff and Camille take a look at these areas and how best to plan so that each is covered.

There is no retirement without income, and a portion of everyone's income needs to be guaranteed to cover typical monthly expenses. Today Jeff and Camille address how to protect the portion of your retirement savings dedicated to income so that it produces exactly what you need, month after month, and also how to plan for future inflation and higher costs of living.

When can I retire? Have I saved enough? Will my money last? Those are three of the four big questions most people have as they approach retirement. Today Jeff and Camille discuss how a financial professional can help answer those questions for any given client, as well as making preparations for those left behind to continue their lifestyle in the event of someone passing away.

It isn't what you make, it's what you keep that counts. That especially goes for retirement, where you likely are on a more fixed income. Today Jeff and Camille address how to take your retirement savings and turn it into income, to make sure all your expenses are covered and you can focus on your lifestyle.

Long term care, losing a spouse and longevity risk are three things which, if not planned for, can sink any retirement plan. Today Jeff and Camille look at each of these issues in detail and how to make sure they are accounted for in your plan.

Jeff and Camille revisit how to plan for a worst case scenario in retirement, such as unexpected health care issues and more.