Wise Money with Michael Andersen

You need a plan as you get closer to retirement — a plan that will take you from where you are now to the retirement you’ve always dreamed about. The first step on that path is to tune in to Wise Money with Michael Andersen. You only retire once, but Michael helps people retire every day.  Choose Top Certified Financial Advisor Planner | Salisbury Easton MD

Most retirement planning assumes your expenses will immediately drop when you stop working - maybe needing only 70-80% of your working income. But what if that conventional wisdom is completely wrong? What if retirement spending actually follows a very different pattern than the neat, predictable decline that financial calculators assume? Michael Andersen goes over these questions and more! You ne...

Here's a reality check that might surprise you: The average American believes they need well over $1 million to retire comfortably, yet most have saved less than a tenth of that amount. The old retirement playbook—work until 65, collect a pension, and coast for 20 years—simply doesn't exist anymore. Financial Advisor Michael Andersen goes over what has really changed about retirement planning, and...

Do you think you’d make the grade when it comes to financial literacy? Most Americans between the ages of 50 and 75 scored low marks when it comes to a retirement income literacy quiz, according to The American College of Financial Services.  Michael Andersen goes over this and more! You need a plan as you get closer to retirement — a plan that will take you from where you are now to the retiremen...

Retirement is like starting a whole new chapter in life. For some, it’s exciting. For others, it can feel overwhelming. But there are ways to make it enjoyable. Today, here to share 5 Tips for a Happy Retirement You need a plan as you get closer to retirement — a plan that will take you from where you are now to the retirement you’ve always dreamed about. The first step on that path is to tune in...

Remember when you were working, and you could count on a regular paycheck hitting your bank account every month? For many retirees, that predictable income is replaced by constantly checking portfolio values and worrying about market fluctuations. But retirement doesn't have to feel like a financial rollercoaster. Choose Top Certified Financial Advisor Planner | Salisbury Easton MD Michael Anderse...

You know how we sometimes do things that even we can’t explain? Well, it turns out, this also happens when it comes to our money.   Have you ever been so scared of losing money that you didn't take a financial risk? Or maybe you've found yourself buying something just because everyone else is? These are just a couple examples of how our behavior plays a big role in our financial decisions. Choose...

You know how we sometimes do things that even we can’t explain? Well, it turns out, this also happens when it comes to our money. Have you ever been so scared of losing money that you didn't take a financial risk? Or maybe you've found yourself buying something just because everyone else is? These are just a couple examples of how our behavior plays a big role in our financial decisions. Choose To...

Most retirement planning assumes your expenses will immediately drop when you stop working - maybe needing only 70-80% of your working income. But what if that conventional wisdom is completely wrong? What if retirement spending actually follows a very different pattern than the neat, predictable decline that financial calculators assume? Choose Top Certified Financial Advisor Planner | Salisbury...

We're living through what professionals call a "longevity revolution." People are living much longer than previous generations, which can be wonderful, but it creates some serious financial planning challenges. If you’re currently 65, there’s a very real possibility you could spend 25 to 30 years—or even longer—in retirement. Choose Top Certified Financial Advisor Planner | Salisbury Easton MD Mic...

It’s not what you make , it’s what you keep that counts. As you start to think about your finances and retirement have you ever considered this? Some people tell you ‘it’s less about the number of dollars you’ve saved and more about strategies you use with your savings.’ Choose Top Certified Financial Advisor Planner | Salisbury Easton MD Michael Andersen Registered Investment Advisors (“Andersen...

As you look forward to retirement, do you envision enjoying your free time, spending days with family and friends, traveling, pursuing hobbies, or doing charitable work? Or do you feel overwhelmed with worry about finances? While it's important for everyone to take charge of their financial future, women often face unique challenges that men may not. Choose Top Certified Financial Advisor Planner...

You’ve spent your entire career saving for retirement. How can you make sure you’ve done enough? The last thing you need at this stage of the game is to make a misstep, so you end up spending down your savings too quickly.  So today we have four ways to help you optimize your retirement income. You can make the most out of your retirement by taking these strategic but simple steps.    Choose Top C...

We're living through what professionals call a "longevity revolution." People are living much longer than previous generations, which can be wonderful, but it creates some serious financial planning challenges. If you’re currently 65, there’s a very real possibility you could spend 25 to 30 years—or even longer—in retirement. Choose Top Certified Financial Advisor Planner | Salisbury Easton MD Mic...

Most retirement planning assumes your expenses will immediately drop when you stop working - maybe needing only 70-80% of your working income. But what if that conventional wisdom is completely wrong? What if retirement spending actually follows a very different pattern than the neat, predictable decline that financial calculators assume? Choose Top Certified Financial Advisor Planner | Salisbury...

It’s not what you make , it’s what you keep that counts. As you start to think about your finances and retirement have you ever considered this? Some people tell you ‘it’s less about the number of dollars you’ve saved and more about strategies you use with your savings.’ Choose Top Certified Financial Advisor Planner | Salisbury Easton MD Michael Andersen Registered Investment Advisors (“Andersen...

If you have money in a tax deferred retirement account like a 401k or an IRA, you may want to be aware of new retirement planning rules. The Secure Act and Secure Act 2.0 could have an even bigger impact on people who have saved $250,000 or more. Choose Top Certified Financial Advisor Planner | Salisbury Easton MD Michael Andersen Registered Investment Advisors (“Andersen Wealth Management”) is a...

I’ll bet a lot has happened to you in the last 20 years that you didn’t see coming. You probably had some unexpected blessings and also some obstacles to overcome. Either way, there were some big unknowns in your past and they’ll continue in the future. Choose Top Certified Financial Advisor Planner | Salisbury Easton MD Michael Andersen Registered Investment Advisors (“Andersen Wealth Management”...

Some people spend decades diligently saving for retirement, watching their 401(k)s and IRAs grow. But here's an important question many fail to ask: "How much of that money will I actually get to keep after taxes?" If you have a million dollars in your retirement account, Uncle Sam could be entitled to a significant amount of that—depending on your tax situation. Choose Top Certified Financial Adv...

Picture a 5-star luxury resort. Lush greenery, scenic views, and top-notch customer service. Now picture a run-of-the mill roadside motel. A roadside motel probably isn’t going to be able to achieve a 5-star rating because … something’s missing. If you could rate your retirement plan, how many stars would it have?   Choose Top Certified Financial Advisor Planner | Salisbury Easton MD Michael Ander...

When building a house, you'd never start construction without a proper foundation. Yet surprisingly, some people approach retirement planning exactly that way - focusing on just one aspect while ignoring other crucial elements that help provide essential support and stability. Choose Top Certified Financial Advisor Planner | Salisbury Easton MD Disclosure: Michael Andersen Registered Investment Ad...

Thanks for joining us today! It’s easy to make assumptions about what goes into a legacy plan, but Michael will help make it clear for you as we dive into the basics of creating a lasting legacy for your family.   Choose Top Certified Financial Advisor Planner | Salisbury Easton MD Disclosure: Michael Andersen Registered Investment Advisors (“Andersen Wealth Management”) is a Registered Investment...

Many of us spend decades preparing for retirement, diligently saving in our 401(k)s and watching our account balances grow. But as retirement approaches, a significant challenge emerges—how do you actually transform those savings into reliable monthly income? It's a shift from earning a paycheck to creating your own "retirement paycheck" that needs to last a lifetime. Choose Top Certified Financia...

Many people assume that their taxes will go down once they stop working. While this might be true for some of you, for many, taxes could actually become one of your biggest expenses in retirement. Choose Top Certified Financial Advisor Planner | Salisbury Easton MD Disclosure: Michael Andersen Registered Investment Advisors (“Andersen Wealth Management”) is a Registered Investment Adviser. Advisor...

We’re faced with questions every day. What’s for dinner? When’s the meeting? How was your day? These are questions that are – or should be – easy to answer, but when you’re starting to consider retirement, the questions can get a lot more complicated. Choose Top Certified Financial Advisor Planner | Salisbury Easton MD Disclosure: Michael Andersen Registered Investment Advisors (“Andersen Wealth M...