Understanding IRMAA: Financial Considerations for High-Earning Medicare Members
Embarking on the journey of retirement can present unique financial and tax considerations, especially for those who have accrued substantial wealth or have access to a higher income than the average retiree. Among these factors, the Income-Related Monthly Adjustment Amount (IRMAA), a special monthly fee, is particularly significant for high-earning Medicare members. Collaborating with a […]
Retirement Income: Thinking Beyond Retirement Savings and Investing
Retirement planning is a complex process with high stakes. With so many options for managing savings and investments, it can be tough to know which approach is best. And with so many opinions floating around about how to achieve the retirement of your dreams, it’s challenging to sort through it all with confidence. Going the […]
Balanced Wealth Management to Expand Their Retirement Plan Solutions for Small Businesses
Balanced Wealth Management Is Excited to Announce Their Expansion and Increased Focus On Offering Local Businesses Retirement Plan Solutions East Greenwich, RI – Led by Jessica Smith, Director of Operations, and Investment Advisor Representative, Balanced Wealth Management is excited to announce their expansion and increased focus on offering local businesses personalized, cost-effective retirement plan solutions […]
Tax Deferral Investments
A great way to build wealth is through tax deferral, whether with an IRA, 401(k), or annuity. In this episode of Successful Living, Rob explains the upsides and downsides of various tax-deferred investment options, and he also answers a viewer’s question about the advantages of choosing an annuity within an IRA. Topics Discussed: Traditional 401(k) […]
Breaking Down the Bear Market
We’re officially in a bear market, so what does this mean for investors? In this episode, Rob Auclair discusses what investors should know about bear markets, how to understand bear markets within a historical context, and how pulling out of the market could affect portfolios. Topics Discussed: Average duration and return of bear markets historically […]
How to Prepare for Estate Planning With Confidence
Estate Planning Estate planning may not be a fun topic, but it’s important, and everyone should know the basics of an estate plan. In this chapter, Rob discusses revocable and irrevocable trusts, the purpose of a will, and the role a financial planner plays in the estate planning process. Snowbirds Many New Englanders move south […]
Emotional Preparation for Retirement
Emotional Preparation for Retirement Retirement planning is about the numbers, but it also concerns the emotional side of transitioning from your accumulation years into a period where you begin to spend your savings. In this chapter, Rob talks about the identity shift that comes with retirement, how to reduce anxiety around finances, the importance of […]
Choosing a Lump Sum vs Stream of Income in Retirement
In this premiere episode of Retire with Balance, Rob Auclair of Balanced Wealth Management pulls back the curtain on what it looks like to work with a financial advisor and exactly what financial planning entails in a way that takes the mystery out of the process. Having a firm grasp on your finances will put […]
Market Correction During Retirement
Market corrections can be scary, but having a plan and following it is the key to your portfolio recovery. So what are your investment choices for this year, and what opportunities does a market correction present? Rob answers these questions and talks about how a correction can have on your portfolio once you’re in retirement […]
Mutual Fund Facts You Should Know
In this video, Rob Auclair explains the ins and outs of mutual funds. He provides specific examples to illustrate important mutual fund factors you should be familiar with as an investor to understand the risk, reward, and rates of return. Topics Discussed: When it’s appropriate to buy mutual funds How mutual funds work Important factors […]