Aging in America

Money On Tap had 2 new guests today which included Anthony Scola and Dan Micelohn who is part of the Brayshaw Financial group. Ben, Seth, Anthony and Dan talked about the one subject no one wants to talk about but that is extremely crucial in everyone’s lives - retirement. Adding their personal experience along with their advice and new strategies that have been developed, the guys emphasized the importance of having a good retirement plan set in motion along with the other more complicated details that come along with it. Money On Tap had 2 new guests today which included Anthony Scola and Dan Micelohn who is part of the Brayshaw Financial group. Ben, Seth, Anthony and Dan talked about the one subject no one wants to talk about but that is extremely crucial in everyone’s lives - retirement. Adding their personal experience along with their advice and new strategies that have been developed, the guys emphasized the importance of having a good retirement plan set in motion along with the other more complicated details that come along with it.Is it too late to fix my retirement at 50?No — the 50s are the catch-up years by design. Catch-up provisions let you contribute above the standard limits to 401(k)s and IRAs, the HSA offers triple tax advantages for future healthcare costs, and a backdoor Roth can build a tax-free bucket even if your income is too high for direct contributions. Pair those with a segmented "bucket" strategy — instead of retreating to CDs and cash — and most late starts can still be rescued. The first step is knowing your income need, not chasing a number.