How should we adjust our investment portfolio as we approach early retirement? What strategies can help us pay off credit card debt before retirement? How can we ensure our savings and investments will support a comfortable retirement lifestyle? We begin by addressing the credit card debt, have a candid conversation about early retirement, and continue to elaborate on globally diversified investments based upon possible risk profiles If you would like us to discuss your specific scenario without providing financial advice, have seen any article or advice you'd like some feedback on, or have any general questions, feel free to write to us at podcast@equilibriumfp.com. We will anonymize your personal information. Thanks!

How can we optimize our asset allocation to ensure long-term financial stability?

Are there better investment options than cash value life insurance for our current needs?

How can we manage our funds to ensure the ylast throughout retirement while covering all expenses? As always, we verify and analyze the cash flow, look at the possibility of rolling over the cash value life insurance into a single premium immediate annuity, when a reverse mortgage may be viable, and discuss risk tolerance to determine investment options. If you would like us to discuss your specific scenario without providing financial advice, have seen any article or advice you'd like some feedback on, or have any general questions, feel free to write to us at podcast@equilibriumfp.com. We will anonymize your personal information. Thanks!

How should I allocate my large cash reserve? Should I invest more aggressively or keep it as a safey net?

What is the best way to balance between cash & investments as retirement approaches (Safety vs growth)?

Should I consider using the cash to purchase a lifetime annuity for guaranteed income in retirement?

As always, we start a cash flow analysis, and then look to clarify goals, assess risk tolerance, and then engage in some investment education, ensuring that emergency funds and liquid savings needs are met prior to investment strategies and the viability of a Single Premium Immediate Annuity (SPIA) based on her risk profile. If you would like us to discuss your specific scenario without providing financial advice, have seen any article or advice you'd like some feedback on, or have any general questions, feel free to write to us at podcast@equilibriumfp.com. We will anonymize your personal information. Thanks!

How can I balance my withdrawal strategy to ensure I don't outlive my savings while still leaving a legacy?

Should I consider setting up a trust or other estate planning tools to minimize taxes and ensure my wishes are fulfilled?

What are the pros and cons of gifting assets now vs. leaving them as an inheritance?

As always, we start with verifying cash flow, then look to optimize asset location, analyze how timing of gifts affects the basis, and analyze 401k vs. IRA options. If you would like us to discuss your specific scenario without providing financial advice, have seen any article or advice you'd like some feedback on, or have any general questions, feel free to write to us at podcast@equilibriumfp.com. We will anonymize your personal information. Thanks!

Underfunded retirement accounts, what do we do? If you would like us to discuss your specific scenario without providing financial advice, have seen any article or advice you'd like some feedback on, or have any general questions, feel free to write to us at podcast@equilibriumfp.com. We will anonymize your personal information. Thanks!

Should I convert 401k to Roth IRA to minimize RMD and future tax liabilities? What strategies can I use to tax impact to heirs?

Yes, if impending RMDs will catapult you into a higher bracket, you likely want to employ a Roth conversion strategy to minimize your lifetime effective tax rate. This strategy has the added benefit of allowing heirs to avoid paying ordinary income tax on the conversion amounts plus earnings.

If you would like us to discuss your specific scenario without providing financial advice, have seen any article or advice you'd like some feedback on, or have any general questions, feel free to write to us at podcast@equilibriumfp.com. We will anonymize your personal information. Thanks!

This week, Rachael has cultivated various quotes from multiple sources touting financial advice and Eric weighs in on how accurate he perceives the statements to be.

If you would like us to discuss your specific scenario without providing financial advice, have seen any article or advice you'd like some feedback on, or have any general questions, feel free to write to us at podcast@equilibriumfp.com. We will anonymize your personal information. Thanks!

This week, Rachael has cultivated various quotes from multiple sources touting financial advice and Eric weighs in on how accurate he perceives the statements to be.

If you would like us to discuss your specific scenario without providing financial advice, have seen any article or advice you'd like some feedback on, or have any general questions, feel free to write to us at podcast@equilibriumfp.com. We will anonymize your personal information. Thanks!