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. 

Unasked Questions About The Stretch IRA

Do you ever wonder what you might not even know to ask about? For instance, do you know what a stretch IRA is and how it works? Or how to designate beneficiaries and joint ownership over your accounts appropriately? Matt talks through the ins and outs of these things, answering your questions before you ask them.

See the full show notes here.  Keep reading →


Podbean App

Play this podcast on Podbean App