The kids may be heading back to class, but it’s also a great time for adults to brush up on retirement planning. In this episode, Steve walks through some key concepts that can make or break your retirement readiness. Test your knowledge with this quick financial pop quiz- five essential questions every pre-retiree and retiree should know.
Do you know the exact age when you qualify for full Social Security benefits, or which type of retirement account requires you to take required minimum distributions (RMDs)? If you breeze through these questions, you’re likely on solid footing. But if you stumble, it may be time to revisit your plan and fill in the gaps. Just like school, the more you study your financial picture and understand how the pieces work together, the better your outcome will be. And the good news? There’s no need to do it alone!
Here’s some of what we discuss in this episode:
🧾 Full Social Security benefits for those born after 1960
💵 IRA contribution limits for age 50+ in 2025
📉 What accounts have required minimum distribution rules
📚 What the 4% rule refers to
⏳ Biggest retirement risks retirees often overlook
0:00 – Intro
1:36 – Question #1
4:07 – Question #2
5:22 – Question #3
7:16 – Question #4
8:26 – Question #5
4% Rule Episode: https://powerhousefinancialadvisors.com/the-4-rule-rewrite-and-what-it-means-for-your-retirement/
Resources
Get your copy of Power Up Your 401K in our toolkit: https://keap.page/ngt919/toolkit.html
Follow along on YouTube: https://www.youtube.com/channel/UCEE5ZkDedYTsKzkh2UxQ9Sg
Book your 401(k) Onboarding Meeting with Steve: https://calendly.com/steven-powerhouse-advisor/401-k-retirement-meeting-1-hour-clone?month=2024-12
Other ways to get in touch:
Phone: (775) 266-8867
Our website: https://powerhousefinancialadvisors.com/
LinkedIn: https://www.linkedin.com/company/powerhouse-financial-advisors/
Facebook: https://www.facebook.com/PowerhouseFinancialAdvisors
