The importance of financial planning, the impact of taxes on retirement, and the benefits of supplemental insurance plans
Sep 30, 2024 ·
34m 15s
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Description
In this conversation, the hosts discuss various financial topics, including the importance of financial planning, the impact of taxes on retirement, and the benefits of supplemental insurance plans. They also...
show more
In this conversation, the hosts discuss various financial topics, including the importance of financial planning, the impact of taxes on retirement, and the benefits of supplemental insurance plans. They also touch on the upcoming open enrollment period for healthcare plans and the importance of choosing the right coverage. The conversation concludes with a discussion on the NFL and the hosts' favorite football teams.
Takeaways:
00:00Introduction and Teamwork
13:03Avoiding the Retirement Crisis
18:14Reducing Taxes in Retirement
22:59Medicare and Healthcare
26:25HSAs and Tax Reduction
29:36Maximizing Social Security Benefits
32:31Financial Planning and Peace of Mind
show less
Takeaways:
- Having a financial team with different perspectives can lead to better outcomes for clients.
- It's important to be aware of the tax implications of financial decisions, especially in retirement.
- Supplemental insurance plans can provide valuable coverage for unexpected expenses.
- Choosing the right healthcare plan during open enrollment can have a significant impact on finances.
- Planning for retirement should include considerations for long-term care and reducing taxes.
- Maximizing Social Security benefits requires strategic planning based on individual circumstances.
- HSAs can be a valuable tool for reducing taxes and covering healthcare expenses.
- Early financial education is crucial for long-term financial success.
- The hosts have different favorite football teams and enjoy watching the NFL.
- "We learn so much. I think we kind of bounce great off each other and it helps our clients so much."
- "That's the importance of having a team like we have."
- "Supplemental benefits are a huge game player in many people's finances."
00:00Introduction and Teamwork
13:03Avoiding the Retirement Crisis
18:14Reducing Taxes in Retirement
22:59Medicare and Healthcare
26:25HSAs and Tax Reduction
29:36Maximizing Social Security Benefits
32:31Financial Planning and Peace of Mind
Information
| Author | Suzanne Porske |
| Organization | Suzanne Porske |
| Website | - |
| Tags |
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