Retirement Planning Insights, TSP Education, and Family Money Conversations

Explore practical retirement planning strategies and gain clarity on key financial decisions in this engaging episode of the Retire Sooner Podcast. Wes Moss and Christa DiBiase discuss common questions and considerations for savers and soon-to-be retirees, providing perspectives on investment options and long-term planning frameworks.

• Discover how a focused 30-minute financial conversation between spouses about income, assets, and liabilities can reduce uncertainty and help families feel more organized and informed in their money matters.

• Understand why nearly half of Americans do not have a written financial plan and what this may indicate for retirement preparedness.

• Clarify retirement account protections within TSPs, along with rules for required minimum distributions (RMDs) and available investment options after age 73.

• Examine UTMA and UGMA accounts for minors, including potential tax implications, gifting considerations, and impact on financial aid eligibility.

• Consider when a financial planner may be appropriate, approaches to managing planning-related FOMO, and the features of advisory services offered by various firms.

• Explore the 0.01% Rule of thumb and how it may guide thinking about saving versus spending without implying specific outcomes.

• Review historically effective withdrawal rates, including whether a paid-off home could influence planning assumptions and evolving perspectives on the 4% rule of thumb.

• Assess strategies such as “buy, borrow, die”, including potential tax considerations, leverage, and portfolio risk factors.

• Compare keeping assets in a TSP for Roth conversions versus transferring them to another custodian, considering fees and investment options.

Gain perspective and knowledge to help support thoughtful retirement planning decisions—listen now to the Retire Sooner Podcast.

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