Month: April 2024
Navigating RMDs and Adapting to Legislative Changes with Andy Ives (Ep. 2)

Navigating RMDs and Adapting to Legislative Changes with Andy Ives (Ep. 2)

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How well do you understand required minimum distributions (RMDs) and their impact on retirement planning? Are your plans up to date between the evolving regulations and your own changes in life?

Explore the nitty-gritty of required minimum distributions(RMDs) with Tim Whisler and his guest Andy Ives, IRA analyst with Ed Slott and Company. They discuss how recent legislative shifts could shake up your retirement planning strategies, from the CARES Act to the Secure Act’s new ten-year rule.

Andy touches on:

  • What are Required Minimum Distributions (RMDs)
  • What are the rules surrounding inherited IRAs
  • What changes in RMD rules were brought about by the Secure Act and Secure Act 2.0
  • Why is it important to understand beneficiary designations
  • And more

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About our Guest: 

Andy Ives, CFP®, AIF®, IRA Analyst at Ed Slott and Company, has over 20 years of experience in the financial services industry where he has engaged in a wide range of duties. Andy was a relationship manager at a mutual fund company and sold short duration investment products to institutional clients. Ives wholesaled 401(k) record keeping solutions to financial advisors and direct to business owners. 

Investment advisory and financial planning services are offered through Foundations Investment Advisors, LLC, an SEC Registered Investment Advisor. Insurance, Consulting, and Education services are offered through The Whisler Agency. The Whisler Agency is a separate and unaffiliated entity from Simplicity Wealth and Simplicity Solutions.

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License To Spend: Budgeting for Retirement Fulfillment (Ep. 1)

License To Spend: Budgeting for Retirement Fulfillment (Ep. 1)

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You don’t want to be worrying about money during retirement. How can budgeting today help your financial plan last into retirement? Will your money be safe against potential challenges leading up to retirement?

Tim Whisler dives into the idea of a “License To Spend” during one’s golden years, with a focus on the criticality of retirees grasping their incoming funds, outgoings, and the various risks that could arise. Tim shares his wisdom on the financial hurdles that often trip up professional sportspeople and those who strike it lucky with lottery wins, pointing out the significance of managing finances with a firm hand.

Tim discusses:

  • Where does the concept of “license to spend” fit into retirement planning
  • How budgeting breaks down income and spending to create a clear idea of financial standing
  • What role does guaranteed income play in mitigating retirement risks
  • Why is proactive financial management important for a secure retirement

Connect with Tim: 

Book a Call with Tim:

Investment advisory and financial planning services are offered through Foundations Investment Advisors, LLC, an SEC Registered Investment Advisor. Insurance, Consulting, and Education services are offered through The Whisler Agency. The Whisler Agency is a separate and unaffiliated entity from Simplicity Wealth and Simplicity Solutions.

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