Smart Money Questions

Weekly investing and financial planning wisdom seeking to provide answers to your financial questions with your host, Matt Hausman.

Changes To Retirement Planning

Posted by smartmoneyquestions in COLA, finances, Social Security, retirement, advisor

Recently, there was a COLA increase of 1.6% for Social Security benefits. Matt will give his thoughts on the long term benefit of having a COLA increase, even though the percentage may not seem impressive at first. We will also discuss why working past age 65 is not so uncommon anymore and the importance of mapping out a plan with how you would like to spend your time in retirement.

Show Notes and Additional Resources:

Working Past 65 Article:

Retiring Abroad Article:


2:57- Learn how the COLA increase has a better long term benefit than you think.

5:00- Collecting Social Security early and how the increased income threshold could affect you. 

7:03- The IRS changed the contribution limits to qualified retirement accounts. 

9:44- The SECURE was passed and significant changes were made that will affect retirement planning. 

11:28- The implementation of the 10 year rule so could create new tax obligations for those who are affected. 

14:54- Find out why working past 65 is becoming more common.

17:40- What does an ideal retirement look like according to this client?

20:40- Matt explains what questions need to be answered before retiring abroad. 

Establishing Residency In A New State, Pension Problems & Consolidating Accounts

Posted by smartmoneyquestions in pensions, Social Security, Taxes, advisor

Today's episode will look at how you could possibly establish residency in a different state as part of your tax planning. We will also answer questions regarding what to do when you have a pension with no survivor benefit and how to consolidate your retirement accounts.

Show Notes and Additional Resources:



Today's Rundown:

0:28- Bring on the new year and take us back to Y2K.

4:11- A women in California died but was still enrolled in a cable contract leaving the early termination fee to her kids. 

5:30- President Trump changed his residency from New York to Florida which raises the question, should you consider this too?

6:20- Lets look at how tax planning can help determine where you should establish residency. 

7:23- How does income and estate tax factor into the planing?

10:15- What other factors should be considered before making the move?

11:07- The importance of sponsorship planning. 

12:30- What do when you will be receiving a pension. 

14:05- What can be done after a pension plan has been chosen. 

21:00- Why your accounts should be consolidated and how to organize them. 

23:55- A look at better organized accounts after consolidation. 


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