Annuities, Reverse Mortgages, & More w/ Wade Pfau (Ep. 66)

Jan 24, 2024

Last episode, we discussed RISA®- Retirement Income Style Awareness. If you haven't taken advantage of completing this for yourself, you can still do so here: RISA® Assessment

On this episode, we wrap up with some follow up questions for Wade that you will not want to miss!

Discussed on today's show:

1. Wade shares his thoughts on annuities and if they should have a place in a person's retirement planning.
2. Wade discusses the topic of reverse mortgages through the lens of financial planning, rather than as a "last resort."
3. We then spend some time discussing the often used industry term "Fee-Only" and whether this truly eliminates conflicts of interest with an advisor. 
4. We wrap up by discussing some commonly overlooked or misunderstood tax strategies for retirees- preferential income stacking, the Social Security tax torpedo, Medicare IRMAA, Required Minimum Distributions (RMDs), and how the "widow's penalty" can further disrupt your tax obligation if unaccounted for.

 

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