Retirement Planning With A Pension AND 401k! 🤓

Рет қаралды 6,793

Күн бұрын

Today Eric Powell, fiduciary advisor, is covering a retirement plan that includes a pension and also a 401k. We'll be going through retirement planning tips using our retirement planner software called NestEgg! Pension retirement planning is an incredibly detailed topic, and retirement planning with a pension & 401k can be tricky so feel free to ask questions!
0:00 - 0:28 Pension & 401k retirement planning
0:29 - 1:15 Right Capital overview
1:16 - 2:49 Pension retirement planning
2:50 - 3:50 Sample retirement plan overview
3:51 - 4:50 Retirement plan investments and allocation
4:51 - 6:10 Tax estimates and brackets in retirement
6:11 - 6:24 Flawless outro
Jazz Wealth Managers helps individuals and families achieve financial security through retirement planning and investing strategies. Our videos offer actionable guidance on navigating Roth IRA's, 401ks, IRAs, Social Security, and more. Whether you're approaching retirement or just getting started, learn how to make informed financial decisions for a prosperous future. Subscribe for more!
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Пікірлер: 34

@Jazzwealth Ай бұрын

Thanks for watching! 🥳 We haven't covered pensions in a few weeks. If you have any questions relating to your pension plan or even your 401k plan, let us know!

@OffgridApartment Ай бұрын

For strategies with a pension, I’m liking the idea of 36 months cash and everything else in the portfolio in stocks because income is more or less covered with the pension. Seems like it would be relatively safe from sequence of returns because you have such a long cash runway with income from the pension and very likely some dividends.

@Freddie-09 12 күн бұрын

I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for...

@ArabellaBeatrice-099 12 күн бұрын

I feel your pain mate, as a fellow retiree, I’d suggest you look into passive index fund investing and learn some more. For me, I had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor for aid, and following her advice, I poured $30k in value stocks and digital assets, Up to 200k so far and pretty sure I'm ready for whatever comes.

@Freddie-09 12 күн бұрын

@@ArabellaBeatrice-099 That's actually quite impressive

@ArabellaBeatrice-099 12 күн бұрын

@@Freddie-09 My advisor is Victoria Carmen Santaella;

@ArabellaBeatrice-099 12 күн бұрын

You can look her up online

@ArabellaBeatrice-099 12 күн бұрын

Nah I Can't say I can relate, Victoria Carmen Santaella charge is one-off and pretty reasonable when compared to what I benefit in returns.

@CB-vt3mx Күн бұрын

LOL...I'm going to have two pensions...no 401K. retirement income is set, but flexibility is an issue...gonna be fun!

@eddieslittlestack7919 Ай бұрын

Nice ending, I approve 👍 😎

@brucesmith6868 Ай бұрын

Thanks Eric great advice

@Jazzwealth Ай бұрын

Thanks, Bruce!! :)

@dustindodge5974 Ай бұрын

It's like you were looking at my accounts before this video. Thanks!

@Jazzwealth Ай бұрын

Oh lucky guess! Glad that worked out for you! 🙏

@DohStr8 Ай бұрын

Nice, Eric! 💪

@Jazzwealth Ай бұрын

Thanks! Get back to work :)

@bretfeeney1072 Ай бұрын

I have a pension and a 457K plan. I can withdraw the money at 55 instead of 59 1/2 years old.

@cur244 Ай бұрын

Funny you brought up older retired people and news. That seems like every retired person ever. 😅

@Jazzwealth Ай бұрын

Ha! It does seem like a hobby of a lot of retirees these days!

@JoshuaAltom Ай бұрын

It's understandable to feel concerned about the impact of high prices on your retirement plan, especially with the current economic uncertainties. Here are some insights to help address your worries

@manuvns Ай бұрын

401k with pension and some real estate rental

@user-qq5fy4nh8v Ай бұрын

I had initially planned to retire at 62, work part-time, and save money, but the impact of high prices on various goods and services has significantly disrupted my retirement plan. I'm worried about whether those who experienced the 2008 financial crisis had it easier than I currently am. The volatility of the stock market is a concern as my income has decreased, and I fear that I won't be able to contribute as much as before, potentially jeopardizing my retirement savings.

@RobertFarley532 Ай бұрын

The increasing prices have impacted my plan to retire at 62, work part-time, and save for the future. I'm concerned about whether those who navigated the 2008 financial crisis had an easier time than I am currently experiencing. The combination of stock market volatility and a decrease in income is causing anxiety about whether I'll have sufficient funds for retirement.

@Jazzwealth Ай бұрын

Without knowing your full situation.. 1) Zoom out and look at the markets. The day to day headlines and movement can be stressful. It's totally normal to stress the markets but I would then say 2) Stress test your retirement plan. If you can run your full plan through a few different scenarios that may help calm some nerves. :) Appreciate you watching!

@tiffanyalberti2029 Ай бұрын

I am 44 and homeless and staying in a shelter. I have a job at a bakery. I get 2 checks a month. Both checks are 900.00. How should I save for retirement?? No significant other. No spouse. No kids. 98 percent of my family is dead.

@justintx75 Ай бұрын

Start with opening a brokerage account at vanguard and put money in an etf voo, then open an Ira roth. Google the f.o.o, financial order of operations from the money guy