Income, RMDs, Beneficiaries, & Portfolio Risk: A Grabbag – Episode 12

We’ve got a fun episode for you today! Most times we go in with a clear outline of a takeaway we want to leave with you. But today, after we answer a question about portfolio risk, Kendall brought some recent articles he read about retirement and we’re talking through them.

Somehow hot-dog eating contests also come up? Yeah, we’re not sure…

Anyways, we hope you enjoy this one! As always, thank you for listening and watching!




Key Takeaways:

1) The “Rule of 100” is often helpful, but it always depends on your situation. Traditional investing advice will tell you to subtract your age from the number 100 to find the percentage of risk you should have in your portfolio. This is often fine advice, but it’s important to look deeper into your unique situation as there are always situations where that may not make the most sense.

2) Have you updated your beneficiary designations? We’ve seen MANY situations where people don’t update their beneficiary designations and it’s left up to the state, or finances go to someone it isn’t meant to any longer. Make sure those designations are updated!

3) Do you know your actual budget? When it comes to determining a financial plan, and the income necessary to retire effectively, it’s important to know the actual amounts that are coming in and going out.

4) Be sure to take your Required Minimum Distributions (RMDs). Starting at age 72, you are required to start taking distributions from your pre-tax investments, and there are some incentives for following the rules (and some significant penalties if you don’t take those distributions).


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