Are you navigating your financial future solo? When you're single, life’s twists and turns can be more devastating than if you are building your wealth with a partner. Taking the helm solo requires special tools and strategies to help ensure you’ll reach your financial goals. Joe Anderson, CFP®, and Big Al Clopine, CPA, help to guide you through rough waters to safe harbor.
Navigating Retirement Solo: • Map Out Your Journey • Set Sail • Prepare for Stormy Seas
0:00 - Intro 1:42 - Navigating Your Retirement 2:56 - Millennials' Retirement Objectives 3:10 - Trapdoor: Self-Managed Portfolio 4:15 - Create a Budget 5:58 - Reduce Debt 6:53 - Fund IRA 7:38 - Download the Guide: Going Solo 8:32 - True/False: Most people in the Gen X generation have the recommended amount of money in emergency savings 9:28 - Gen X Retirement Objectives 10:10 - Emergency Fund 11:07 - Max-Out Match 13:11 - Evaluate Plan 14:53 - Download the Guide: Going Solo 15:38 - True/False: You can apply for Social Security on your former spouse's record even if they are not retired 17:07 - Social Security Benefits 18:12 - Catch-up Contributions 19:01 - Asset Allocation 20:22 - Ask the Experts: I'm 46 and single, what if any life insurance type should I get? 22:04 - Pure Takeaway 22:25 - Download the Guide: Going Solo
IMPORTANT DISCLOSURES: • Investment Advisory and Financial Planning Services are offered through Pure Financial Advisors, LLC, a Registered Investment Advisor. • Pure Financial Advisors LLC does not offer tax or legal advice. Consult with your tax advisor or attorney regarding specific situations. • Opinions expressed are subject to change without notice and are not intended as investment advice or to predict future performance. • Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values. • All information is believed to be from reliable sources; however, we make no representation as to its completeness or accuracy. • Intended for educational purposes only and are not intended as individualized advice or a guarantee that you will achieve a desired result. Before implementing any strategies discussed you should consult your tax and financial advisors. CFP® - The CERTIFIED FINANCIAL PLANNER™ certification is by the Certified Financial Planner Board of Standards, Inc. To attain the right to use the CFP® designation, an individual must satisfactorily fulfill education, experience and ethics requirements as well as pass a comprehensive exam. Thirty hours of continuing education is required every two years to maintain the designation. AIF® - Accredited Investment Fiduciary designation is administered by the Center for Fiduciary Studies fi360. To receive the AIF Designation, an individual must meet prerequisite criteria, complete a training program, and pass a comprehensive examination. Six hours of continuing education is required annually to maintain the designation. CPA – Certified Public Accountant is a license set by the American Institute of Certified Public Accountants and administered by the National Association of State Boards of Accountancy. Eligibility to sit for the Uniform CPA Exam is determined by individual State Boards of Accountancy. Typically, the requirement is a U.S. bachelor’s degree which includes a minimum number of qualifying credit hours in accounting and business administration with an additional one-year study. All CPA candidates must pass the Uniform CPA Examination to qualify for a CPA certificate and license (i.e., permit to practice) to practice public accounting. CPAs are required to take continuing education courses to renew their license, and most states require CPAs to complete an ethics course during every renewal period.
