Research shows the average American changes jobs 12.3 times before retirement, meaning many Americans have old 401(k) plans that aren’t properly allocated for retirement. When you leave your employer, what options do you have when it comes to your 401(k)? You can roll it over, keep it, consolidate it, or cash it out. What move is best for your retirement plan will depend on your situation and overall financial plan.

Rolling over your 401(k) plan from your employer plan can give you a lot more options when it comes to investing and planning for the future. On today’s episode, we are going to explore 401(k) and IRA rollovers and discuss the options you have when it comes to strategic retirement planning.  

Helpful Timestamps:

0:26 – It’s tax time!

2:36 – What are your options with an old 401(k)?

6:50 – You may be limited in your employer plan

8:24 – Why would you change your plan?

11:55 – Difference between traditional IRA and Roth IRA

14:15 – A lot of different moving parts

15:46 – Good reasons to keep the plan you have

17:17 – Is there a good reason to cash out your 401(k)?

18:02 – Safe options are important

19:34 – Variable products versus fixed products

23:01 – Question: “Defined benefit plan vs. a defined contribution plan?”

Website: https://www.nationalretirementgroup.org/podcast

Email: info@nationalretirementgroup.org

Phone: 888-401-0107

With inflation on a steady rise and higher prices impacting many pre-retirees and retirees, you may need to re-evaluate how you’re spending and stretching your budget. On today’s episode, Blake and Mark are going to discuss some ways you can save and help your budget during this inflationary period.

Firstly, you want to calculate your net income to truly understand how much you can spend on a monthly basis. Some things are negotiable, while others like your mortgage probably aren’t. So, it’s important to find the happy balance between saving money and continuing to do the things that are important to you. Let’s explore this concept and some areas you can look at cutting costs.  

Helpful Timestamps:

0:33 – Did you have a good St. Patty’s?

3:30 – Inflation is on a steady rise

5:45 – Non-negotiable versus negotiable

7:54 – Ways you can cut costs?

10:56 – Budgeting with insurance

12:35 – Groceries are also going up!

14:52 – Make sure you get what you need

16:25 – Set a date to check on your progress

19:17 – Question: “Discretionary versus required expense?”

Website: https://www.nationalretirementgroup.org/podcast

Email: info@nationalretirementgroup.org

Phone: 888-401-0107

Are you turning 65 soon and are you planning on signing up for Medicare supplements? We are joined by Gene Stracener today to discuss the importance of Medicare supplements and why they may be a great option for you.

Medicare is a traditional type of insurance for that are 65+. It covers hospital visits, surgeries, doctor visits, and more. While it doesn’t cover every healthcare cost, supplements are a great way to get the most out of Medicare. On today’s show, Gene and Mark will explore supplements, Medicare Advantage plans, the questions you should be asking your agent, and more.

Helpful Timestamps:

0:28 – Gene’s background

1:13 – Brief summary of Medicare

3:04 – What are supplements?

5:22 – Medicare advantage plans

7:05 – What questions should you be asking

9:12 – Medicare versus the supplements

12:34 – Pre-existing limitations

14:04 – Don’t try to do this on your own

15:46 – Supplements do different things

18:20 – Matching your old employer plan

20:06 – Basic similarities in Medicare Advantage

21:58 – What is the cost of these plans?

23:34 – Don’t be your own agent!

23:48 – How many insurance cards with Medicare Advantage?

Website: https://www.nationalretirementgroup.org/podcast

Email: info@nationalretirementgroup.org

Phone: 888-401-0107