Personal income and consumption: Impact on retirement planning
Description
In this episode of Decoding Retirement, America’s definitive voice on retirement, Robert 'Bob' Powell, and Mitlin Financial founder and wealth advisor Lawrence Sprung break down break down the most recent Personal Consumption Expenditures Price Index (PCE) report, including a note from First Trust Chief Economist Brian S. Wesbury.
They also discuss how future fiscal policy might impact retirees, the Tax Cuts and Jobs Act (TCJA), the current housing market, how small business owners can plan for retirement, "finfluencers" and AI's impact on personal finance, and much more.
What’s the difference between a reimbursement and an indemnity option? Find out in our special segment, Ask Bob, where Bob answers the most common retirement and investing questions from our listeners.
Retirement planning doesn’t mean locking up your money for a rainy day and forgetting about it. Planning your future means reacting to events today. Decoding Retirement gives you the tools to navigate the years ahead, and take action now! Each week, Robert 'Bob' Powell will dissect the big headlines, decode key themes, and unpack the possible domino effect for your money. When it comes to retirement planning, Robert Powell and Yahoo Finance will not let you fall behind!
Find this episode and more episodes of Decoding Retirement at https://finance.yahoo.com/videos/series/decoding-retirement.
Thoughts? Questions? Fan mail? Email us at yfpodcasts@yahooinc.com.
00:30 - Inflation and its impact on retirees
02:20 - Inflation-protected securities and role in retirees' portfolios
05:35 - Personal income spending and implications for retirees
06:30 - Future fiscal policy adjustments and effect on retirees
07:50 - Tax Cuts and Jobs Act
09:40 - Savings rate and impact on retirees
10:25 - Importance of emergency savings fund
12:40 - Housing market and retirement
13:45 - Ask Bob - What's the difference between a reimbursement and an indemnity option?
14:35 - How small business owners can plan for retirement
18:35 - Social media misinformation - 'Finfluencers' and AI
22:50 - Ask Bob - When do I need to file Form 706?
Yahoo Finance's Decoding Retirement is hosted by Robert Powell, and produced by Zach Faulds and Alexander Frangeskides.
Robert Powell holds several prominent positions within the financial industry. He serves as the editor-in-chief of the Investments and Wealth Institute's (IWI) Retirement Management Journal, the world's first peer-reviewed journal solely dedicated to retirement income. He also hosts the Exceptional Advisor podcast by IWI. Powell is both a Certified Financial Planner® and Retirement Management Adviser® certificant.
Lawrence Sprung is an award-winning founder and wealth advisor. He founded Mitlin Financial, Inc., in 2004 with a focus on prioritizing families. The Mitlin team consistently helps families make healthy financial decisions and offers an exceptional experience that leverages personalized service with today’s top tools and technology. Sprung is the author of the Amazon best-selling book “Financial Planning Made Personal: How to Create Joy and the Mindset for Success”, which aims to demystify and simplify the financial planning process and inspire people to take charge of their money.
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