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Brian Akers and Paul Franco from AKERS Financial Group discuss the importance of starting seriously with financial planning for a fun retirement. They emphasize the need to be proactive in planning, including understanding your financial situation, setting goals, and implementing strategies. They highlight the significance of comprehensive financial planning that includes asset allocation, income planning, estate planning, and tax strategies. The conversation also touches on the importance of regular reviews and adjustments to ensure financial stability. They encourage listeners to seek professional advice early and stress that planning should be tailored to individual needs and circumstances.

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Jeff and Brian Akers discuss charitable giving and retirement planning, emphasizing the importance of prioritizing one's time and money, understanding tax implications, and giving back to the community. They share strategies for maximizing charitable deductions, aligning financial decisions with values, and leveraging retirement accounts for giving. The conversation highlights the benefits of giving through reputable organizations and the importance of researching charities before donating.

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Retirement planning is crucial for financial security, and it's important to start early and understand one's financial situation. Brian Akers and Alex Monk emphasize the need for personalized financial planning, tax optimization, and regular check-ins to ensure clients are on track towards their retirement objectives. They also discuss the importance of imagining oneself retired to help visualize the ideal retirement and make informed financial decisions. Brian and Alex highlight the significance of saving money, understanding investments, and finding a balance between enjoying life now and saving for the future. They also emphasize the importance of actively managing money, building protected and at-risk portfolios, and designing retirement income plans that consider taxes and inflation.


https://www.akersfinancial.com/winning-in-retirement?utm_source=podcast%20description&utm_medium=podcast&utm_campaign=podcast%20description

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Brian Akers and Alex Monk discuss the concept of "rothification," or converting pre-tax retirement accounts to Roth IRAs to pay taxes now and enjoy tax-free growth. They explain the history of Roth IRAs, which began in 1998, and the rules for qualified withdrawals at age 59 1/2. They emphasize the importance of tracking contributions on Form 8606 to avoid paying taxes twice. The conversation also covers the benefits of Roth conversions for high-income earners and those nearing required minimum distributions. Additionally, they highlight the strategic use of Roth accounts in estate planning and the potential tax savings for future generations.

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Brian Akers and Paul Franco discuss the importance of lowering portfolio risk as retirement approaches. They emphasize that as individuals get closer to retirement, they should scale down risk to preserve their money. Paul shares an example of a client who needed to reduce risk due to market performance and upcoming retirement. They explain that younger individuals can tolerate more volatility due to their longer time horizon. They also discuss the concept of target date funds and the benefits of diversification. Paul highlights the importance of regular portfolio reviews and the use of tools like stable value funds and fixed and indexed annuities to balance risk and protection.

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Brian Akers and Paul Franco discuss retirement planning strategies inspired by nature. They highlight six tactics, including diversifying investments and creating a sustainable income stream, and provide examples from the natural world to emphasize the importance of preparation. They also explore the idea of retirement migration and planning, emphasizing the need to consider taxation, lifestyle preferences, and financial stability when deciding where to live in retirement. Throughout the conversation, they emphasize the importance of adaptation and proactivity in retirement planning.

https://www.akersfinancial.com/winning-in-retirement?utm_source=podcast%20description&utm_medium=podcast&utm_campaign=podcast%20description