Retirement Planning Tips for Single Individuals

Resources: Meet with us: https://bit.ly/4tfEV6e  Education center: https://bit.ly/4vKzaPE  Retirement Plan Checklist: https://bit.ly/3QkPmXp  Retiring as a single individual in 2026 is mathematically more challenging than for married couples because single filers reach the 22% ordinary income tax bracket at roughly half the income level of those filing married-jointly ($100,000 vs. $200,000) . Without a "built-in" support system or caregiver, single retirees must prioritize a "Power Package" of legal documents—specifically Financial and Medical Powers of Attorney—to ensure their healthcare and financial wishes are executed should they become incapacitated. Video Chapters 0:00 Introduction: Why Financial Planning for Singles is Different  1:06 Personal Story: Navigating Independence After Loss  3:37 The Independence Factor: Building Your Own Support System  5:33 Tax Headwinds: Single vs. Married Filing Jointly  7:04 The Widow's Penalty: Transitioning to a Single Tax Filer  8:58 The Planning Window: RMDs at Age 75 and Roth Conversions  10:01 Capital Gains Levers: Capturing the 0% Tax Bracket  11:55 Long-Term Care for Singles: Stress-Testing "Solo Aging"  14:19 Modern Housing: Remodeling for Forever vs. Community Living  16:15 Legacy and End-of-Life Planning Without Heirs  17:41 DON'T DO THAT: The Single Person's Power of Attorney Mistake 20:12 Starting the Journey: The Freedom of the Planning Process Sources: https://youtu.be/Cd3As3HjCMg  https://youtu.be/N8MiXAKTbmc  https://youtu.be/C7_GdgN502Q   https://youtu.be/lSy5ggQWmn8  https://www.modwm.com/catch-up-contributions-for-your-retirement-plan/  __________ Investment advisory services offered through Modern Wealth Management, LLC, a registered investment adviser. The views expressed represent the opinion of Modern Wealth Management a Registered Investment Adviser. Information provided is for illustrative purposes only and does not constitute investment, tax, or legal advice. Modern Wealth Management does not accept any liability for the use of the information discussed. Consult with a qualified financial, legal, or tax professional prior to taking any action.