Tag: 401k

FEATURE
REPLAY: Planning For Retirement: Social Security and Medicare with Elaine Floyd

REPLAY: Planning For Retirement: Social Security and Medicare with Elaine Floyd

By |

In today’s episode of WealthStyle, Iván Watanabe and Evan Wohl interview Elaine Floyd, Director of Retirement Life Planning at HorsesMouth about the intricacies of our nation’s support systems; Social Security and Medicare.

Listen as Elaine shares her expert knowledge by debunking some common misconceptions and detailing the benefits these programs provide using real-life examples and historical facts. 

Whether you’re approaching retirement, caring for a loved one, or simply curious about recent changes and restrictions regarding Social Security and Medicare, this episode is a must-listen!

Gain insight as Elaine discusses:

  • The importance of accessing your retirement income plan for the duration of your lifetime
  • Common mistakes people make when claiming Social Security, and the varying spousal benefits
  • The differences between Medicare Part A and Part B
  • How to navigate your options regarding your Health Savings Account (HSA) and Medicare
  • And more

Resources:

Connect with Iván Watanabe:

Connect with Evan Wohl:

Connect with Elaine Floyd:

Podcast: Play in new window | Download | Embed

Subscribe: Spotify | Email | TuneIn | RSS | More

FEATURE
Tax Strategies for Financial and Retirement Planning

Tax Strategies for Financial and Retirement Planning

By |

When building a retirement plan, you need to look beyond your individual accounts. How will each type of account save you money? How will they protect your retirement income from high tax rates?

In this episode, Iván Watanabe and Evan Wohl focus on asset allocation and what needs to be considered when creating retirement income assets. They discuss the impact of taxes on retirement planning and how different accounts provide opportunities to save and withdraw retirement funds while avoiding high tax rates.

Iván and Evan explore:

  • The importance of considering the taxation of different asset vehicles
  • When to withdraw from different types of accounts
  • What to consider when making an investment decision
  • How different investment buckets provide options when withdrawing retirement income
  • And more

Resource:

Connect with Iván Watanabe:

Connect with Evan Wohl:

Podcast: Play in new window | Download | Embed

Subscribe: Spotify | Email | TuneIn | RSS | More

FEATURE
How the Secure Act Has Changed Retirement Planning with Joshua Caron

How the Secure Act Has Changed Retirement Planning with Joshua Caron

By |

The Secure Act was one of the most significant systemic rewrites of retirement planning in recent history. These changes created opportunities for all ages, from young adults just out of college to individuals just starting retirement.

In this episode, Evan Wohl speaks with Joshua Caron, Vice President of Federal Affairs at Finseca, on the Secure Act, how it changed retirement planning, and the individual aspects of the Secure Act 1.0 and 2.0.

Josh discusses:

  • Why the shift away from pensions was so important in retirement planning 
  • How student debt conflicted with retirement planning for those fresh out of college 
  • The change to overfunding 529 accounts and how Secure Act 2.0 changed the tax penalties for the account
  • Why 401(k)s are no longer enough for retirement income and the impact of longevity on retirement planning
  • And more

Connect with Evan Wohl:

Connect with Josh Caron:

About Josh Caron:

Joshua Caron is the Vice President of Federal Affairs for Finseca. Originally from Massachusetts, he attended Arizona State University for both his undergraduate and graduate degrees. His primary role is to advocate for policies that allow for more Americans to live financially secure lives with a focus on the advanced markets. 

 Prior to joining Finseca, he worked for several political campaigns, including those former President Barack Obama and former Congressman Harry Mitchell (D-AZ). He lives with his wife, daughter, and chocolate lab in St. Anthony Park, St. Paul MN.

About Evan Wohl:

Evan’s clients trust him with the responsibility to guide them through the complexities of personal finance. He provides clarity and insight on how to measure and improve your cash flow as well as whether or not you are on track to accomplish your various financial goals. The firm takes a macroeconomic approach to planning and coordinates all of your financial decisions through the use of a comprehensive economic model.

Evan’s wife, Laurie, and he have three children, Quinn, Parker and Bodie. He currently sits on the board of The Hope Gala. The Hope Gala was created to support fundraising efforts on behalf of The Four Diamonds Fund and The Penn State Dance Marathon (THON™). The Hope Gala contributes to the mission of conquering childhood cancer. All proceeds benefit pediatric cancer patients at the Penn State Children’s Hospital and their families in need of financial aid, medical assistance, and emotional support.

 

Podcast: Play in new window | Download | Embed

Subscribe: Spotify | Email | TuneIn | RSS | More