Five women share insights about financing retirement. Guests for this episode of Women On Money included Toni Esposti, real estate investor; Homa Rassouli, reverse mortgage expert, RFS Lends; Karen Hawkey, relationship manager, Opus Bank; and Georgeana Roussos, Social Security attorney.
Kathleen Nemetz, certified financial planner and investments manager, McClurg Capital Corporation, is host and moderator. The show is one half hour. See it at https://vimeo.com/222766577.
We discussed the best claiming strategies for Social Security and use of investment income to finance the many years of retirement. While retirement finances can be a dry topic, we chose to have fun with our discussion by focusing on a hypothetical couple, Harry and Hilda Hipster of Marin County, wealthy but overspending parents who have two adult children often needing handouts.
Our conversation about this couple and what we would advise for their situation threaded in insights about the state of local real estate, strategies for buying investment properties for income, and best practices for managing taxes, benefits, and investment income sources. We also discussed relative cost savings for downsizing and relocation out of state compared to expected costs in the Bay Area of California.
Our intent in recording this conversation was to inform viewers about the necessary guard rails when planning for retirement finances. All can go well after one stops working, until fundamental assumptions about retirement change. Then, even well planned scenarios can run off track.
Factor in a few wild cards, such as our example of adult children needing monetary help, and the detour back to safety can become long and circuitous. Being knowledgeable about sources of money, their tax treatment and various uses can help provide reassurance to couples that they are ready to handle the years of leisure they have coveted for so long. We aimed the program to women, who are often hesitant to seek counsel on financial topics, and purposely chose a panel of female experts as a way of encouraging women in need of advice to ask their hard but necessary questions. Before retirement!
Kathleen Nemetz, certified financial planner and investments manager, McClurg Capital Corporation, is host and moderator. The show is one half hour. See it at https://vimeo.com/222766577.
We discussed the best claiming strategies for Social Security and use of investment income to finance the many years of retirement. While retirement finances can be a dry topic, we chose to have fun with our discussion by focusing on a hypothetical couple, Harry and Hilda Hipster of Marin County, wealthy but overspending parents who have two adult children often needing handouts.
Our conversation about this couple and what we would advise for their situation threaded in insights about the state of local real estate, strategies for buying investment properties for income, and best practices for managing taxes, benefits, and investment income sources. We also discussed relative cost savings for downsizing and relocation out of state compared to expected costs in the Bay Area of California.
Our intent in recording this conversation was to inform viewers about the necessary guard rails when planning for retirement finances. All can go well after one stops working, until fundamental assumptions about retirement change. Then, even well planned scenarios can run off track.
Factor in a few wild cards, such as our example of adult children needing monetary help, and the detour back to safety can become long and circuitous. Being knowledgeable about sources of money, their tax treatment and various uses can help provide reassurance to couples that they are ready to handle the years of leisure they have coveted for so long. We aimed the program to women, who are often hesitant to seek counsel on financial topics, and purposely chose a panel of female experts as a way of encouraging women in need of advice to ask their hard but necessary questions. Before retirement!
