Tom Discusses Making Money Last for Retirement Transcript: Katie Nealis: What happens if I lived past my life expectancy and my financial plan? Tom Vaughan: Yeah, ironies of financial planning, is if you don’t live very long, it’s pretty easy to plan for that. Because you know, it just doesn’t take that much money. And
Tom’s Investment Philosophy on Competing Priorities Transcript: Katie Nealis: I have so much money to save. Should I be investing for retirement or college education for my kids? Tom Vaughan: Ah, okay. That’s a loaded question. So basically what happens for most people, you know, just a limited amount of money to save, right? I
Tom Reminds us to Watch for Surprises in Retirement Transcript: Katie Nealis: What are some common expenses that you see in retirement that everyone may not be aware of? Tom Vaughan: Oh, yeah, that’s actually a pretty common question. Because, you know, it’s one of the things we all worry about, we get to a
Take Your Time and Consider Goals When You Inherit Transcript: Katie Nealis: I inherited a decent amount of money, how should I allocate it? Easan Arulanantham: So, first thing I do is slow down. You don’t make any rash decisions. Like, if you got enough money, you quit your job, buy a new Ferrari and
Tom’s Take on Investing in Cybersecurity ETFs Transcript: Katie Nealis: We have this huge ransomware attack. I’m interested in investing in cybersecurity. What is the best way to do that? Tom Vaughan: Yeah, that’s a good question. Actually. We have been investing in cybersecurity. So there’s a couple of different things that I would say
Use Tom’s Free Retirement Income Builder Tool! Transcript: Katie Nealis: What are the best steps to get income for my retirement? Tom Vaughan: Oh, okay. That’s a good question. It’s the key aspect you know, I remember, you know, a client one time said, I want to, you know, go to school for 25 years
Tom’s Advice is to Examine Your Lifestyle when Planning to Retire Transcript: Katie Nealis: How do I figure out the income needed for my retirement? Easan Arulanantham: So when we do a plan, a lot of the times, we just start with what is your current lifestyle? How much money are you spending or spending
Save and Utilize Employer Matches to Get to Retirement Transcript: Katie Nealis: I’m 24 and I have zero retirement, how can I get on the fast track to a successful retirement? Tom Vaughan: Well, as I mentioned, most people save most of their retirement money from 55 to 65. So, if I forgot the stat,
Tom’s Tales of Retirement Planning Mistakes Transcript: Katie Nealis: What are some mistakes you have seen some clients make that you want to warn others about? Tom Vaughan: Okay, I’ll give you a story actually, because it’s kind of interesting. I had a client who came in, actually got laid off in the 2000 downturn,
Tom’s Thoughts on How to Plan for Your Retirement Transcript: Katie Nealis: I’m approaching retirement, what kinds of things should I be looking for in preparation? Tom Vaughan: Okay, that’s a great question, actually. Because here’s my outlook on on finances as a whole. You know, there’s essentially goal based, you know, if you really