Your financial security after retirement will be unique to you and it will depend on things you control such as spending habits and savings and things you don’t control too, such as financial market volatility and tax rates. That being said retirement strategies overall today are quite a bit different than your parents retirement strategies. 

Edison based BestrentNJ.com tenants at Edison Woods, Edison Woods Senior 55+, Edison Village, Blueberry Village, & Rivendell Heights, can avail themselves of the up-to-date advice needed to deal with their retirement by attending the Edison Public Library’s free RETIREMENT U WORKSHOP on Wednesday February 22 @ 6:30pm. 

To attend this free event at the Edison Public Library, please click here to reserve your place and do come early as the event is expected to fill up. 

According to the organizers, “Attendees will discover how to insulate themselves from the risks of rising taxes, Social Security taxation, and how to avoid common mistakes that increase the chances or running out of money as you distribute your assets in retirement.” 

Here is a list of the topics to be discussed at this workshop

TAX RATE RISK

• Why experts say tax rates could double

• How rising taxes may affect your retirement cash flow

• The “Catch 22” of 401k’s and IRA’s

• How lost deductions may affect your taxes in retirement

RETIREMENT INCOME PLANNING

• The three basic retirement accounts

• How to accumulate dollars in the right types of accounts for future retirement income

• What’s better for you: tax-deferred or tax-free accounts?

• How to define a “true” tax-free investment

• When should you convert to a Roth?

• How IRA’s and 401k’s cause Social Security taxation

• Strategies to reduce or eliminate taxes in retirement

MAXIMIZING SOCIAL SECURITY

• The causes of Social Security taxation

• The Social Security thresholds you need to be aware of

• The real cost of Social Security taxation

• Strategies to eliminate Social Security taxation

• Social Security maximization strategies

RETIREMENT DISTRIBUTION PITFALLS

• How the new rules on “Rate of Withdrawal” affect People Nearing Retirement

• How to ensure you won’t run out of money in retirement

• How to liquidate retirement assets in the right order

• How to eliminate “sequence of returns” risk

WHY LOSSES DURING RETIREMENT MATTER

• The impact of dramatic market loss in retirement

• Is “buy and hold” appropriate in retirement?

• How to safeguard against two types of investment risk

• How to shield your assets from stock market volatility

• Why “asset allocation” alone may not be enough

• How to truly diversify your retirement portfolio

There is no cost to attend and the workshop organizers will not be discussing any investment products or pitching any services as this is a strictly educational workshop. The presenter is author, financial advisor and speaker, Denny Frasiolas and he is not affiliated with the Social Security Administration or any other government agency. 

If a new home is in your sights up ahead, check out the BestrentNJ.comApartment Locator for the Garden States premier residential communities.