Episode 128: "Meet the Cast: The Financial Characters Behind Every Retirement Plan"

Whether you're just starting to think about retirement or you're already deep in the planning process, today's show breaks it all down, from your very first meeting with a financial advisor, to the financial "characters" that play a starring role in your retirement story.We kick things off by walking you through what to expect in that first advisor meeting so you can walk in confident, prepared, and with the right questions. Then we introduce the cast: your 401(k)s, life insurance policies, emergency fund, and more - each one playing a unique role in the bigger picture.We close with an important and often overlooked conversation, how Social Security changes when a spouse passes away. From shifts in tax rates to changes in income, we cover what surviving spouses need to know and why planning ahead makes all the difference.Chapters00:00 IntroWorking with a Retirement Advisor03:05 What You Should Expect in the First Meeting“Financial Characters” that Play an Important Role in Retirement14:45 The 401K at your current job16:40 The 401K at a previous old job17:50 Life Insurance policies19:25 Emergency Fund21:40 ROTH IRA23:00 Social SecuritySocial Security Considerations after you Lose a Spouse25:43 Understanding the depth of change that occurs in losing a spouse29:10 Breadwinner30:41 Tax Rates Change33:50 Planning is essentialListener Questions37:10 Should I use a Target Date Fund?39:13 I like to work - do I need a backup plan in retirement?Ready to plan your retirement? Do you have specific questions for Tom and the team at Mosley Wealth Management? Contact us here   https://mosleywealthmanagement.com/contact/ ===================================================If you enjoy this content, please 𝐒𝐔𝐁𝐒𝐂𝐑𝐈𝐁𝐄! https://www.youtube.com/channel/UCPMvD3G1cZA1Kz4CKnwynhA?sub_confirmation=1=================================================== ⭐ 𝐂𝐎𝐍𝐍𝐄𝐂𝐓 𝐖𝐈𝐓𝐇 𝐔𝐒 𝐎𝐍 𝐒𝐎𝐂𝐈𝐀𝐋 𝐌𝐄𝐃𝐈𝐀⭐ - Facebook: https://www.facebook.com/mosleyeaseintoretirement- Instagram: https://www.instagram.com/easeintoretirement/- LinkedIn: https://www.linkedin.com/company/mosley-wealth-management    #RetirementPlanning #RetirementRisks #RetirementBlueprint #MarketRisk #TaxPlanning #Social Security #Retirement #RetirementReady #FinanicalAdvisors #RetirementSavings #Retirement #HowtoPrepareforRetirement #RetirementTips #RetirementStrategyDISCLOSURE: Investment advisory services offered by duly registered individuals through Mosley Wealth Management, Inc. (“MWM”). MWM and Mosley Insurance and Financial Services are affiliated companies by common ownership. License # 0K76766 Investing involves risk, including the potential loss of principal. Any references to protection, safety, or lifetime income, generally referred to fixed insurance products, never securities or investments. Insurance guarantees are backed by the financial strength claims paying abilities of the issuing carrier. This content is intended for informational & educational purposes only. It is not intended to be used as the sole basis for financial decisions, nor should it be construed as advice designed to meet the needs of an individual situation. All hypothetical examples are provided for illustrative purposes only; they do not represent real life scenarios. Mosley Insurance & Financial Services nor its agents or representatives may not give tax or legal advice. Individuals should consult with a qualified professional for guidance before making any investment decisions. Our firm is not affiliated with or endorsed by the US government or any governmental agency. Some of the information provided may be from one or more third parties which we believe to be reliable sources, but accuracy and completeness cannot be guaranteed by Mosley Insurance & Financial Services.For more information, visit: www.mosleywealthmanagement.com