Retire Your Way with ILG Financial

Some of the rules that protect bank deposits to trusts just changed. On the latest episode of the Retire Your Way with ILG Financial Podcast, Dave Lopez talks about these changes, what they mean, and how they could affect you.

IRA accounts are beneficial but can be tricky. Simple contribution, conversion, and distribution mistakes can cost you thousands and thousands of dollars. On this episode of the Retire Your Way with ILG Financial Podcast, Chase Lopez continues his discussion of mistakes to avoid. This is part two of a two part series.

IRA accounts are beneficial but can be tricky. Simple contribution, conversion, and distribution mistakes can cost you thousands and thousands of dollars. On this episode of the Retire Your Way with ILG Financial Podcast, Chase Lopez covers ten mistakes to avoid. This is part one of a two part series.

According to a December 2023 article, about 10,000 baby boomers retire every day and the ratio of taxpayers contributing to Social Security versus retirees who need it is shrinking. On the latest episode of the Retire Your Way with ILG Financial Podcast, Dave Lopez talks about what Social Security looked like when it was created, what it looks like now, and why the differences we see are such a problem for retirees.

When you are planning a vacation, you put a lot of thought into when you want to go, where you want to go, how you’ll get there, and what you will do once you get there. You also put a lot of thought into what you can afford and how much you will need to do what you want to do. Retirement is your biggest, longest vacation in life. The same kind of planning and thought, and then some, should go in your retirement. Most people concentrate on how to save money, where to invest their savings, and how to minimize their tax burden. But they only have a vague sense of how they want to spend their free time or what their health will enable them to do as they age. It’s like funding a luxurious vacation, but you don’t know where it is, when it is, what you need to pack. On this episode of the Retire Your Way with ILG Financial Podcast, Chase Lopez takes a look at some factors in retirement planning that a lot of people don’t think about.

When it has come to our 401(k)s, we've all heard the age-old saying “Set it, and forget it”. And it was always said that this strategy would make you rich. Well, like most things, with time, this has changed. The stock-and-bond portfolios that have worked for the last 40 years may no longer be equipped to handle what is coming economically, and they may not be working for you or making you rich anymore. On this episode of the Retire Your Way with ILG Financial Podcast Dave Lopez dives deeper into this topic and explains why this may no longer be an appropriate strategy, and what would serve you better.

When thinking about retirement, it's easy for a lot of people to plan for the fun, the new, and the exciting. But it’s just as, if not even more, important to plan for the parts of the future that aren’t as fun to think about. For married couples, one of these things is planning what life, and finances, will look like after the death of a spouse. This is extremely important, because the structure of a retirement plan shifts in many ways when one spouse pre-deceases the other one, and the effects of these shifts can affect your entire retirement plan. On this episode of the Retire Your Way with ILG Financial Podcast, Chase Lopez talks about these issues and what you should consider when thinking about for your own retirement plan.

Chase Lopez's discussion with national Social Security expert Hamilton Morales was so informative that we created a bonus episode! On this episode of the Retire Your Way with ILG Financial Podcast, Chase and Hamilton continue their discussion about survivor benefits, spousal benefits, how to make decisions about Social Security, whether you can turn your benefits on and off, and much more!

On the latest episode of the Retire Your Way with ILG Financial Podcast, Chase Lopez is joined by Senior Vice President at Financial Independence Group and Social Security Expert, Hamilton Morales. Chase and Hamilton tackle questions about survivor benefits, spousal benefits, how to make decisions about Social Security, whether you can turn your benefits on and off, and much more!

We’ve talked a lot the last few weeks about inflation and some of the pressures it puts on people’s finances. On recent episodes of the Retire Your Way with ILG Financial Podcast, both Dave and Chase have talked about ways to budget and plan for some of this pressure. On the latest episode, Dave dives into a less than ideal situation you could find yourself in… the withdrawal of funds from your retirement accounts.

For the past 50 years, the baby-boomer generation, which are those born between 1946 and 1964, have worked in our labor force at a steady pace for decades. But now the boomers are retiring and that might be bad news for workers. On the latest episode of the Retire Your Way with ILG Financial Podcast, Chase Lopez finds himself in an interesting position as he spends his time helping baby-boomers to retire every day while also being on the other side of the coin as an active member of the workforce.

In 1981 we saw the bond market inversion reach its steepest point, which is often seen as a sign that a recession is coming. Over the last couple years, the possibility of a recession has been all over the news, but the curve has been inverted for a year now, which raises the question… is this recession actually coming? Tune in to the latest Retire Your Way with ILG Financial Podcast episode as Dave Lopez provides his thoughts on where we are at the moment.

Dave and Chase cover a lot of general retirement-related subjects on the Retire Your Way with ILG Financial Podcast. On our latest episode, Chase takes us on a deeper dive into a specific investment tool called Structured Notes. Tune in by clicking the link below as Chase explains what they are, how they work, and why they may be a good investment opportunity for you.

When we talk about the importance of retirement planning, we're usually talking to those people in the “retirement red zone”, which are those five to 10 years away from retirement and to those already retired. Retirement is hardly a priority for the 20 and 30 year olds. Young adults are not usually worrying about what their going to need in their 70s when they're focused so much on their developing career, student loans, starting a family, and so on and so forth. In this episode of the Retire Your Way with ILG Financial Podcast, Dave Lopez dives into why retirement planning for young adults is so important.

If you’ve listened to any of the Retire Your Way with ILG Financial Podcast episodes, you’ve heard us repeat the phrase “you don’t know what you don’t know”. This couldn’t be truer than in this rising tax environment, especially when you are moving towards retirement where your income, expenses, etc. are changing. On this episode, Dave walks you through an example of a couple that for all intents and purposes, thought they were set up pretty well for retirement, and then see how much was going on behind the scenes that they were not aware of.

Life events are something that we can’t always expect but still need to be addressed and this is true of Medicaid and nursing home care. On this episode of the Retire Your Way Podcast with ILG Financial, Dave talks about how Medicaid comes into play when you or a spouse must move into a nursing home and how the rules can be all over the map.

As we all know too well, tax season is here. For those in or near retirement, you are probably making those last-minute contributions to retirement funds in order to take advantage of tax benefits this year. But what a lot of people don’t consider is the importance of where you put your money when making these contributions. On this episode of the Retire Your Way with ILG Financial Podcast, Chase Lopez explains why this is so important and what you should be aware of this tax season.

As we’ve been saying, the SECURE Act 2.0 is changing the landscape for those who are in or near retirement and that couldn’t be more true when it comes to Roth accounts. On this episode of the Retire Your Way with ILG Financial Podcast, Chase Lopez discusses five specific changes you need to be aware of.

On this episode of the Retire Your Way with ILG Financial podcast, founder Dave Lopez takes a deep dive into homeownership in retirement. How can you utilize your home equity when in or near retirement? Can equity be used to pay other debt? What are common uses for home equity when in or near retirement? What are the differences between heloc, cashout refinance and reverse mortgages? Dave answers each of these questions and more in this episode.

Financial planning is mainly focused on getting people to retirement. But you don’t hear a lot of discussion about financial planning and investing during those golden years of retirement, which is said to be even more critical because missteps are that much more disastrous in retirement. Tune into this episode of the Retire Your Way Podcast with ILG Financial as advisor Chase Lopez discusses.