Wondering if you should retire early or keep working longer? In this episode of “The Perfect Retirement Plan?”, Phillip explores both options. Uncover hidden costs like health care gaps and potentially reduced Social Security benefits, and learn how working longer can boost financial security. Phillip also shares tips on maintaining purpose and community through passion projects, social connections, and meaningful pursuits beyond your career.

Discover how to align your retirement timeline with personal values like freedom, fulfillment, and security. Whether you crave morning coffees in your bathrobe or a few more years of professional growth, this conversation helps you decide. Phillip’s insights cover compounding growth, Social Security strategies, health care considerations, and designing a vibrant post-work life. If you find value here, subscribe and turn on notifications to stay connected! Let’s see if early retirement is truly worth it—or if extending your career could open doors to higher benefits, stronger finances, and deeper purpose.

Each scenario carries financial risks and lifestyle rewards—what matters is finding the balance that fits you best. Phillip helps you weigh your unique goals and budget. Tune in for a fresh perspective on a retirement plan that resonates with your vision.

#retirementplanning #financialadvice #retirementadvice #financialplanning #whentoretire #retireearly #retirewithpurpose #retirementaccounts #PERS #pension

Thanks for tuning in to this episode of The Perfect Retirement Plan, and remember: it's not about having the smartest financial advisor, the most money saved, or the highest probability of retirement success. The perfect retirement plan, for you – is the one you act on.

Phillip Smith, CRPC AIF | Financial Planner
Tidepool Wealth Strategies
450 Country Club Road, Suite 350 | Eugene, OR | 97401

____________________________________________________________________________________________
Additional Disclosures:
The opinions contained in this material are those of the author, and not a recommendation or solicitation to buy or sell investment products. This information is from sources believed to be reliable, but Cetera Advisor Networks LLC cannot guarantee or represent that it is accurate or complete.
All investing involves risk, including the possible loss of principal. There is no assurance that any investment strategy will be successful.

Join financial planner Phillip Smith in this episode of "The Perfect Retirement Plan?" as he dives into the crucial topic of retirement income sources. Whether you're a late-career professional nearing retirement or just planning ahead, this episode is packed with invaluable insights.

Discover various income streams that could support you in retirement, including Social Security, pensions, rental income, annuities, and personal retirement savings accounts like 401(k)s and IRAs. Phillip breaks down the pros and cons of each source and shares strategies for combining them to create a stable and fulfilling financial future.

Learn from real-life stories of retirees who have successfully navigated their post-work income and listen in as Phillip explores how income diversification can enhance your financial security. This episode is a must-listen for anyone looking to understand where their retirement income will come from and how to plan effectively.

Don't miss the action steps provided at the end of the episode, designed to help you assess and plan your own retirement income strategy. Subscribe to our channel for more expert advice on making your retirement as rewarding as your career.

#Retirementplanning #retirementincome #SocialSecurity #pensions #PERS #annuities #financialplanning

Thanks for tuning in to this episode of The Perfect Retirement Plan, and remember: it's not about having the smartest financial advisor, the most money saved, or the highest probability of retirement success. The perfect retirement plan, for you – is the one you act on.

Phillip Smith, CRPC AIF | Financial Planner
Tidepool Wealth Strategies
450 Country Club Road, Suite 350 | Eugene, OR | 97401

____________________________________________________________________________________________
Additional Disclosures:
The opinions contained in this material are those of the author, and not a recommendation or solicitation to buy or sell investment products. This information is from sources believed to be reliable, but Cetera Advisor Networks LLC cannot guarantee or represent that it is accurate or complete.
All investing involves risk, including the possible loss of principal. There is no assurance that any investment strategy will be successful.

In this episode, "What’s the Best Way to Create a Personalized Retirement Strategy?" we explore how to build a tailored retirement plan that aligns with your unique goals, lifestyle, and values. Tailoring your retirement strategy is crucial for late-career professionals who seek peace of mind regarding their financial future.

A one-size-fits-all approach simply doesn't work when it comes to retirement, and this episode dives into key areas of personalization. Learn how to strategize income planning that suits your desired retirement lifestyle, taking into account inflation and healthcare costs. We also discuss the importance of balancing your investment portfolio as you transition into retirement, with a focus on tax-efficient strategies.

Gain insights into how to plan for potential healthcare needs, long-term care, and legacy planning, while ensuring your retirement income lasts. Practical tips are shared, including how to track your spending, create a lifestyle budget, and review your investments as part of your personalized retirement map. We also highlight the value of consulting with a financial advisor to stay on track and adjust as needed. Whether you’re navigating complex financial decisions or seeking guidance for a confident retirement, this episode equips you with the tools to create a strategy that's built just for you. Tune in for actionable insights and expert advice.

#RetirementPlanning #RetirementStrategy #FinancialAdvisor #InvestmentTips #TaxPlanning

Thanks for tuning in to this episode of The Perfect Retirement Plan, and remember: it's not about having the smartest financial advisor, the most money saved, or the highest probability of retirement success. The perfect retirement plan, for you – is the one you act on.

Phillip Smith, CRPC AIF | Financial Planner
Tidepool Wealth Strategies
450 Country Club Road, Suite 350 | Eugene, OR | 97401

____________________________________________________________________________________________
Additional Disclosures:
The opinions contained in this material are those of the author, and not a recommendation or solicitation to buy or sell investment products. This information is from sources believed to be reliable, but Cetera Advisor Networks LLC cannot guarantee or represent that it is accurate or complete.
All investing involves risk, including the possible loss of principal. There is no assurance that any investment strategy will be successful.

Are you a late-career professional or pre-retiree wondering about the best withdrawal strategy for your retirement accounts? In “What’s the Best Strategy for Taking Money Out of My Retirement Accounts?,” we explore how to optimize your withdrawals across taxable, tax-deferred, and tax-free accounts. The right approach can help you minimize taxes, prolong your nest egg, and protect your financial future. We’ll talk about why many retirees benefit from tapping into taxable accounts first, leaving tax-deferred accounts like Traditional IRAs and 401(k)s for later, and saving Roth IRAs or other tax-free vehicles for last. Additionally, we’ll address the importance of understanding required minimum distributions (RMDs), Social Security timing, and potential changes to tax laws. Our goal is to help you navigate these complex rules to create a strategy that aligns with your retirement timeline and long-term goals. Whether you’re aiming to reduce your tax burden, preserve principal, or ensure an inheritance for future generations, this episode offers valuable insights for building a cohesive retirement plan. Tune in for practical advice and discover how a thoughtful withdrawal strategy can help you sustain your lifestyle while preserving your savings for years to come. Gain clarity on distribution sequences and increase your retirement confidence.

#RetirementPlanning #TaxEfficientWithdrawals #TaxBuckets #MoneyManagement #RetirementAdvice

Thanks for tuning in to this episode of The Perfect Retirement Plan, and remember: it's not about having the smartest financial advisor, the most money saved, or the highest probability of retirement success. The perfect retirement plan, for you – is the one you act on.

Phillip Smith, CRPC AIF | Financial Planner
Tidepool Wealth Strategies
450 Country Club Road, Suite 350 | Eugene, OR | 97401

____________________________________________________________________________________________
Additional Disclosures:
The opinions contained in this material are those of the author, and not a recommendation or solicitation to buy or sell investment products. This information is from sources believed to be reliable, but Cetera Advisor Networks LLC cannot guarantee or represent that it is accurate or complete.
All investing involves risk, including the possible loss of principal. There is no assurance that any investment strategy will be successful.

Are you nearing retirement age and wondering how to adjust your investment portfolio for optimal security? In this video, we explore some essential considerations for balancing stocks, bonds, and cash reserves as you approach retirement. We’ll delve into the importance of aligning your portfolio with your evolving risk tolerance, analyzing how inflation, market volatility, and potential healthcare costs can impact your nest egg. Our discussion also covers why diversification is crucial in safeguarding your retirement savings, offering insights into preserving capital while still seeking growth where appropriate. Whether you’re a late-career professional refining your investment mix or a pre-retiree looking to safeguard a lifetime of savings, this overview provides straightforward guidance for transitioning your focus from accumulation to income generation.

Learn how to consider the correct asset allocation to meet your financial needs, minimize unnecessary risk, and stay on track for a sustainable retirement. We address the nuanced decision-making process behind whether to favor equities or lean toward more conservative holdings like bonds and cash. If you want to strengthen your approach to retirement planning, this video will equip you with the knowledge to make informed decisions and maintain a balanced, adaptable portfolio. It’s time to fine-tune your strategy for long-term financial stability.

#RetirementPlanning #InvestmentStrategy #RetirementAdvice #PersonalFinance #RetirementInvesting #FinancialGuidance

Thanks for tuning in to this episode of The Perfect Retirement Plan, and remember: it's not about having the smartest financial advisor, the most money saved, or the highest probability of retirement success. The perfect retirement plan, for you – is the one you act on.

Phillip Smith, CRPC AIF | Financial Planner
Tidepool Wealth Strategies
450 Country Club Road, Suite 350 | Eugene, OR | 97401

____________________________________________________________________________________________
Additional Disclosures:
The opinions contained in this material are those of the author, and not a recommendation or solicitation to buy or sell investment products. This information is from sources believed to be reliable, but Cetera Advisor Networks LLC cannot guarantee or represent that it is accurate or complete.
All investing involves risk, including the possible loss of principal. There is no assurance that any investment strategy will be successful.

#PreRetirees

In this episode, “When Is the Best Time to Start Social Security,” we explore the optimal timing for claiming Social Security benefits, especially for late-career professionals nearing retirement age in Oregon. We’ll highlight how delaying your Social Security, when financial feasible, can potentially boost your monthly benefit and provide key strategies for maximizing your total retirement income. As a working professional approaching retirement, you’ll discover valuable insights into the financial implications of postponing your benefits, including how it can align with your existing retirement savings, 401(k) contributions, and overall wealth-building plan. We’ll discuss how healthcare costs, inflation, and longevity should influence your decision, while considering how a thoughtful approach to Social Security can support your long-term financial goals. Whether you’re seeking personalized guidance from a financial advisor or looking for general retirement planning advice, this discussion is designed to help you make well-informed decisions about when to begin collecting benefits. Tune in to learn a little about various claiming scenarios, explore real-life examples, and gain strategies that empower you to optimize your Social Security payouts. If you’re a pre-retiree in the United States, this episode offers actionable takeaways to help you prepare for the financial future you envision. Unlock the knowledge you need for retirement success.

#RetirementPlanning #SocialSecurity #FinancialGuidance #RetirementIncome #LateCareerPros

Thanks for tuning in to this episode of The Perfect Retirement Plan, and remember: it's not about having the smartest financial advisor, the most money saved, or the highest probability of retirement success. The perfect retirement plan, for you – is the one you act on.

Phillip Smith, CRPC AIF | Financial Planner
Tidepool Wealth Strategies
450 Country Club Road, Suite 350 | Eugene, OR | 97401

____________________________________________________________________________________________
Additional Disclosures:
The opinions contained in this material are those of the author, and not a recommendation or solicitation to buy or sell investment products. This information is from sources believed to be reliable, but Cetera Advisor Networks LLC cannot guarantee or represent that it is accurate or complete.
All investing involves risk, including the possible loss of principal. There is no assurance that any investment strategy will be successful.

“Why Retirement Planning is Never Set It and Forget It” explores the dynamic nature of financial strategies, particularly for late-career professionals who are approaching that retirement milestone. In this episode, we delve into essential reasons for reevaluating your retirement planning goals, whether a result of changes in life, the economy, or your own aspirations, and we touch on factors that can derail a static plan, like market volatility, healthcare costs, longevity risk and more. As a pre-retiree, you need to remain proactive, consistently updating your financial plan to accommodate shifting healthcare expenses, inflationary pressures, and potential Social Security adjustments.

As the podcast series progresses, you'll discover how to align your retirement investment approach with your lifestyle goals, explore alternative income distribution methods, and learn when it might be prudent to consult a financial advisor for personalized guidance. Our ongoing conversation also covers the value of understanding pension options, exploring efficient budgeting practices, and planning for inevitable life transitions. If you’re looking for practical retirement guidance tailored to late-career professionals, this podcast series offers actionable insights to help you refine your financial roadmap. Whether you’re gearing up to retire in a few years or still contemplating your timeline, tune in to stay informed on the latest retirement planning developments and empower yourself to make well-informed decisions that support your future.


#RetirementPlanning #FinancialGuidance #DynamicPlanning #LateCareerPros #RetirementAdvice

Thanks for tuning in to this episode of The Perfect Retirement Plan, and remember: it's not about having the smartest financial advisor, the most money saved, or the highest probability of retirement success. The perfect retirement plan, for you – is the one you act on.

Phillip Smith, CRPC AIF | Financial Planner
Tidepool Wealth Strategies
450 Country Club Road, Suite 350 | Eugene, OR | 97401

____________________________________________________________________________________________
Additional Disclosures:
The opinions contained in this material are those of the author, and not a recommendation or solicitation to buy or sell investment products. This information is from sources believed to be reliable, but Cetera Advisor Networks LLC cannot guarantee or represent that it is accurate or complete.
All investing involves risk, including the possible loss of principal. There is no assurance that any investment strategy will be successful.

Are you a late-career professional debating whether a Roth conversion is the right move for your retirement strategy? In this episode, “The Roth Conversion Debate: Is It Worth It?,” we explore the benefits and drawbacks of converting your Traditional IRA or 401(k) into a Roth IRA. Learn about potential long-term tax advantages, greater flexibility in retirement distributions, and strategies to minimize tax implications.

We also discuss key factors like your current tax bracket, expected future income, and Social Security timing, all of which can play a significant role in determining the success of a Roth conversion. Our conversation delves into often-overlooked considerations, such as how upfront conversion costs and potential impacts on Medicare premiums could affect your retirement timeline. Whether you’re a pre-retiree seeking professional financial advice, a working professional aiming to protect your nest egg, or simply exploring how a Roth IRA might fit into your broader wealth-building plan, this episode provides practical, data-driven insights. This show offers reliable guidance to help you decide if a Roth conversion aligns with your long-term retirement goals. Tune in and gain clarity on how to optimize your retirement savings for lasting security.

#RetirementPlanning #RothConversion #FinancialStrategies #RetirementGoals #LateCareerPros

Thanks for tuning in to this episode of The Perfect Retirement Plan, and remember: it's not about having the smartest financial advisor, the most money saved, or the highest probability of retirement success. The perfect retirement plan, for you – is the one you act on.

Phillip Smith, CRPC AIF | Financial Planner
Tidepool Wealth Strategies
450 Country Club Road, Suite 350 | Eugene, OR | 97401

____________________________________________________________________________________________
Additional Disclosures:
The opinions contained in this material are those of the author, and not a recommendation or solicitation to buy or sell investment products. This information is from sources believed to be reliable, but Cetera Advisor Networks LLC cannot guarantee or represent that it is accurate or complete.
All investing involves risk, including the possible loss of principal. There is no assurance that any investment strategy will be successful.