Adjusting to Change: Which Path Do You Take?

10 years ago this week, the financial markets plummeted and we started the Great Recession. What have we learned? For the young, they learned that the market ebbs and flows. For the senior, they learned the value of preservation and risk management. While there might be a correction on the horizon, lessons can be learned from 2008 and new strategies can be taken to safeguard your wealth. Not only have strategies to protect your wealth changed - but so have options on how to draw out of those buckets. Is it better to take away from taxable accounts first and then withdraw from your tax-free accounts? Well, it depends. Alan will explain the "Tax Bucket" system and how to use it to your benefit. Lastly, for the biggest change to the lives of those around you - how will you plan for end of life, and eventual passing? Is it worth the cost to put into Long Term Care insurance? And, what are the key differences between a will and a trust?Retirement 360 is a Sunday morning radio tradition in the Louisville, Kentucky area, running for well over a decade. Alan Mercuio and Troy Bolton of Mercurio Wealth Advisors take a look at economic issues and topics related to retirement planning, as well as educating listeners to help prepare them for their post-working years, whatever they may have in mind for them.