Retirement Readiness

In this episode of Retirement Readiness, Brigette Engstrom discusses the importance of financial planning for retirement, addressing common disconnects that prevent individuals from seeking help. She emphasizes the significance of timely action in financial decision-making, especially during life transitions. The conversation also delves into tax planning strategies for retirement, highlighting th...

In this episode of Retirement Readiness, Bridget Engstrom discusses the importance of financial planning for retirement, addressing common disconnects in seeking financial advice, and the unique challenges faced by federal employees. The conversation emphasizes the significance of understanding longevity risk and the necessity of purposeful planning to ensure a secure retirement. Bridget shares in...

Brigette Engstrom explains the various risks retirees face, particularly focusing on the concept of constrained investors. It delves into how constrained investors, who make up the majority of retirees, often find themselves in a precarious financial situation where their income needs exceed their savings capabilities.  The conversation emphasizes the need for careful risk management to avoid...

Brigette Engstrom discusses the critical assumptions people make regarding retirement planning, highlighting the dangers of relying on optimistic market returns, benign inflation, the ability to work past retirement age, and expectations of inheritance. The discussion emphasizes the importance of realistic planning and the need for personalized financial strategies to navigate these challenges eff...

Brigette Engstrom delves into the complexities of managing inherited IRAs, particularly focusing on tax implications and withdrawal strategies. The discussion highlights the importance of understanding the rules surrounding inherited accounts, the potential tax burdens associated with withdrawals, and the necessity of proactive planning to minimize tax liabilities. Various strategies for managing...

In this episode of Retirement Readiness, Brigette Engstrom discusses the critical aspects of retirement planning, emphasizing the importance of estate planning, guardianship, and powers of attorney. She highlights that estate planning is not just for the wealthy and that everyone should have a plan in place to ensure their wishes are honored and their loved ones are taken care of. The conversation...

Brigette Engstrom delves into the complexities of retirement planning, highlighting the shift from income-based to asset-based discussions, the increasing burden of debt, and the rising costs of healthcare. Bridget emphasizes the importance of having a flexible and comprehensive retirement plan that can adapt to changing circumstances and ensure financial security in retirement. Find out more abou...

In this episode of Retirement Readiness, Brigette Engstrom discusses the importance of preparing for retirement in the context of increasing longevity. She reflects on her 25 years in the financial industry, highlighting how client perspectives on wealth and money management have evolved. Bridget emphasizes the need for customized retirement planning and the common misconceptions surrounding wealt...

On this episode of Retirement Readiness, Brigette Engstrom focuses on the complexities of federal benefits and the importance of financial planning for federal employees. She highlights the differences between federal and private sector benefits, the significance of understanding various retirement plans like the TSP (Thrift Savings Plan), and the need for specialized financial advice to navigate...

On this episode of Retirement Readiness, Brigette Engstrom discusses the current state of the U.S. retirement system, highlighting the challenges posed by the decline of pensions and the reliance on 401(k) plans.  The conversation underscores the need for informed financial strategies to ensure a secure retirement through proper income planning. Find out more about the team at Blue Monarch Fi...

On this episode of Retirement Readiness, Brigette Engstrom discusses the importance of planning for retirement in the context of rising national debt and the need for effective tax strategies. The conversation covers various tax planning strategies, including the significance of understanding personal tax situations to maximize retirement income. Find out more about the team at Blue Monarch Financ...