Decoding Dave Ramsey: Unveiling the Risks of 100% Stock Investment in Retirement

It’s estimated that more than half of parents with adult children have given them financial help in the past year. For a third of those parents, it ended up hurting their own finances, including their retirement savings.

On this episode, Frank and Frankie Guida (Father-son team of financial advisors) discuss the delicate balance between helping family and protecting your future. Listen to their ideas on balancing family needs with your financial goals, plus strategies to help maximize your retirement savings.

Connect with the team at A Better Way Financial  to start building a plan for yourself and your loved ones.

CLICK HERE to register for one of our upcoming Tax-Smart Retirement Planning Dinner Workshops.

Read our book! Amazon Best Seller, “The Book on Retirement: A Better Way to Stretch Your Retirement Dollars While Living the Lifestyle of Your Dreams.”

See omnystudio.com/listener for privacy information.

With nearly 11,000 baby boomers retiring daily, the landscape for small businesses and personal finances is shifting.

On this episode, Frankie Guida speaks from personal perspective, as he works with his father at A Better Way Financial with the plan to take over the family business himself one day.

However, many Boomers who own businesses are struggling to figure out what to do with their companies when their children do not want to take over.

Frankie shares ideas on succession planning for family-owned businesses, especially when retirement funds are tied to the sale of the business, plus strategies to minimize taxes on business sales and effectively manage the transition to retirement.

Ready to sell your small business? Connect with the team at A Better Way Financial  to begin your retirement transition plan today.

CLICK HERE to register for one of our upcoming Tax-Smart Retirement Planning Dinner Workshops.

Read our book! Amazon Best Seller, “The Book on Retirement: A Better Way to Stretch Your Retirement Dollars While Living the Lifestyle of Your Dreams.”

See omnystudio.com/listener for privacy information.

There are 100,000 pages in the tax code, and it’s up to you to figure out the best moves while staying within the law! But tax woes don’t end when you get to retirement. In fact, without a proper tax plan, taxes can be a major drain on your savings.

On this episode, Certified Financial Planner Frankie Guida shares strategies you may be able to utilize in effort to reduce your taxes in retirement.

Learn about the hidden tax traps that may be lurking in your plan, how to leverage tax-advantaged accounts like Roth IRAs and 401(k)s, and strategies to help reduce your taxable income in retirement.

Visit A Better Way Financial.com and get to work on creating a tax efficient retirement plan.

CLICK HERE to register for one of our upcoming Tax-Smart Retirement Planning Dinner Workshops.

Read our book! Amazon Best Seller, “The Book on Retirement: A Better Way to Stretch Your Retirement Dollars While Living the Lifestyle of Your Dreams.”

See omnystudio.com/listener for privacy information.

As the Government works to reduce ‘junk fees’ for college students hidden in their tuition costs, at A Better Way Financial they work daily to uncover the fees often hidden in retirement accounts.

On this episode, Frank and Frankie point out the common fees that may be silently eroding your retirement savings and why fee transparency matters. From reducing taxes to uncovering the true cost of your 401K, they share insight on how ignoring these areas could end up costing you thousands.

Learn ideas to improve your portfolio efficiency. Visit A Better Way Financial.com for your complementary portfolio x-ray.

Read our book! Amazon Best Seller, “The Book on Retirement: A Better Way to Stretch Your Retirement Dollars While Living the Lifestyle of Your Dreams.”

See omnystudio.com/listener for privacy information.

How much is your 401(k) costing you? On this episode, Frank and Frankie, father-son duo of financial advisors and retirement planners, dive into the often-overlooked aspect of retirement planning: fees.

We hear from financial strategist Tony Robbins who does the math to exemplify the hundreds of thousands many Americans are losing from their accounts over their lifetime… and they don’t even know it.

At A Better Way Financial, they work to shed light on the significant impact that fees can have on your 401K and overall retirement savings and explain the importance of transparency that they have with each of their clients.

Find the fees that may be hiding in your account! Visit A Better Way Financial.com for your complementary Fee X-ray.

Read our book! Amazon Best Seller, “The Book on Retirement: A Better Way to Stretch Your Retirement Dollars While Living the Lifestyle of Your Dreams.”

See omnystudio.com/listener for privacy information.

Join Frank and Frankie as they kick off 2024 by discussing New Year's resolutions and, most importantly, how to make your financial goals a reality.

Learn the importance of planning for retirement and their belief on why improving your finances is an easier resolution to keep than one that focuses on getting fit and losing weight.  A simple phone call and gathering your financial statements can set you on the right path!

Explore strategies for maximizing Social Security benefits, optimizing investments, and significantly reducing fees. Uncover ways to save on taxes to ultimately provide more income in retirement.

If your New Year's resolution involves securing your financial future, visit A Better Way Financial.com and get started today.

Read our book! Amazon Best Seller, “The Book on Retirement: A Better Way to Stretch Your Retirement Dollars While Living the Lifestyle of Your Dreams.”

See omnystudio.com/listener for privacy information.

It’s been four years since Congress passed Secure 1.0 which allows companies to offer annuities within 401(k)s. Still, there have been few adopters despite research showing strong interest.

Frank and Frankie dive into the often-misunderstood world of annuities and their potential place in your retirement plan. They share insight on how a strategic switch in annuities could provide you extra income in retirement and how, at A Better Way Financial, they help clients optimize their retirement savings through tax planning like Roth conversions and distribution strategies.

If you're seeking ideas to maximize retirement income and reduce future taxes, visit A Better Way Financial.com and get started today.

Read our book! Amazon Best Seller, “The Book on Retirement: A Better Way to Stretch Your Retirement Dollars While Living the Lifestyle of Your Dreams.”

See omnystudio.com/listener for privacy information.

Frank and Frankie dive into the realm of Roth conversions and year-end tax strategies, sharing their personal experiences on how these types of efforts can benefit retirement plans.

Discover how converting your pre-tax accounts to after-tax Roth accounts could help transform your financial landscape. Whether you're approaching retirement or already reveling in it, this episode breaks down the opportunities and benefits of strategic tax planning.

Unwrap the gift of financial wisdom! Visit A Better Way Financial.com and begin your planning today.

Read our book! Amazon Best Seller, “The Book on Retirement: A Better Way to Stretch Your Retirement Dollars While Living the Lifestyle of Your Dreams.”

See omnystudio.com/listener for privacy information.

In this episode, Frank and Frankie address the recent controversial statement made by personal finance guru, Dave Ramsey, recommending that retirees can stay 100% invested in stocks and withdraw 8% annually, with no worries.

We address the flaws in this suggestion and urge caution against relying on high average returns without accounting for market volatility.

If you're navigating the complexities of retirement planning and want to understand the potential risks and rewards of various strategies, visit A Better Way Financial.com to begin your journey toward a well-informed retirement future.

Read our book! Amazon Best Seller, “The Book on Retirement: A Better Way to Stretch Your Retirement Dollars While Living the Lifestyle of Your Dreams.”

See omnystudio.com/listener for privacy information.

Retiring early can be alluring, but it comes with its unique set of challenges.

On this episode, Frank and Frankie explore the nuances of early retirement and why it requires meticulous planning and strategic financial decisions.

They point out challenges faced by those contemplating early retirement, from choosing the right pension option to making informed decisions about Social Security.

Breaking down essential elements like addressing inflation, optimizing Social Security benefits, managing investment risks, and optimizing portfolios for tax savings, they reveal how careful planning can make early retirement not just a dream, but a reality.

If you're intrigued by the idea of retiring early, visit A Better Way Financial.com to start your plan!

Read our book! Amazon Best Seller, “The Book on Retirement: A Better Way to Stretch Your Retirement Dollars While Living the Lifestyle of Your Dreams.”

See omnystudio.com/listener for privacy information.