Mid 40s & Wondering Are We on Track for Retirement? Planning Software Walkthrough | Ep. 38

Описание: Ever wonder whether you’re on track for your retirement goals? In this episode, Michael walks through the question from a couple in their mid‑40s who hope to retire at 62 and spend about $120,000 a year in today’s dollars. They’ve built a strong foundation by saving early, and now they’re asking a great question: Can we ease up a bit and enjoy more life today without getting off course for tomorrow?

Michael CFP®, EA uses the retirement software to help this couple see what this may look like.

Topics include:
💭 Is this couple on track for their goals?
💭 Does working a few extra years really matter?
💭 What often trips people's retirement goals up?
💭 How retirement planning software actually works
💭 Why assumptions matter more than the final percentage
💭 What Monte Carlo simulations can and cannot tell you
💭 The hidden planning necessary when retiring before Medicare
💭 Roth versus pre-tax tradeoffs in your 40s and 50s
💭 Using projections as a planning tool

If you are somewhere between “we should probably check on this” and “retirement is getting real,” this episode is for you.

As always, stay curious.

𝐖𝐡𝐲 𝐰𝐞'𝐫𝐞 𝐡𝐞𝐫𝐞?
We’re here to make retirement planning feel less intimidating by helping people think through their strategies and plans through clear relatable financial topics!

💬 Questions or Want to Connect?
🌐 𝐖𝐞𝐛𝐬𝐢𝐭𝐞: www.custerfinancialadvisors.com
📧 𝐄𝐦𝐚𝐢𝐥: [email protected]

Chapters
00:00 Retirement Analysis for Mid 40s
02:01 Details of the Example People
02:54 Different Accounts Different Growth Goals?
04:46 Expenses the Same in Retirement?
05:20 Their Saving Amounts
06:47 Monte Carlo Analysis
08:00 Cash Flow Analysis
08:59 RMD Concerns
11:31 Does Retirement Work for This Couple?
12:34 Where do They Take Money From First?
13:07 Don't Forget Health Costs in Retirement
14:11 Should They Look at Using Roth or Pre-Tax?
15:10 Is 3 More Years of Work Actually Worth That Much?
17:33 Mid 40's Difficult Middle?
18:24 Youtube Disc. TN & Words.mp4

Disclosures:
Harborfront Financial Group is a Registered Investment Advisor registered with the Securities and Exchange Commission (SEC). Registration as an investment adviser does not imply a certain level of skill or training, and the content of this communication has not been approved or verified by the United States Securities and Exchange Commission or by any state securities authority.
The information contained in this material is intended to provide general information about Harborfront Financial Group and its services. It is not intended to offer investment advice. Investment advice will only be given after a client engages our services by executing the appropriate investment services agreement. Information regarding investment products and services are provided solely to read about our investment philosophy and our strategies. You should not rely on any information provided on our web site in making investment decisions.
Securities offered through LPL Financial, Member FINRA/SIPC. Investment advice offered through Harborfront Financial Group, a Registered Investment Advisor. Harborfront Financial Group and Custer Financial Advisors are separate entities from LPL Financial.
This is a hypothetical example and is not representative of any specific situation. Your results will vary. The hypothetical rates of return used do not reflect the deduction of fees and charges inherent to investing. All investing involves risk including loss of principal. No strategy assures success or protects against loss.