Investing can seem complex and confusing, and you may wonder whether you're doing all you can to achieve your goals. In this video, Dustin with Mundorf Wealth Management and Erin Kennedy talk through 5 mistakes you might be making and how to turn things around. Here are those mistakes:
According to the @Bureau of Labor Statistics, the average annual expenses for people 65 plus in 2021 was about $52,141.00, which works out to about $4,345 a month.
Many people assume their taxes will be lower in retirement, but that’s not always the case. In fact, as Dustin with Mundorf Wealth Management explains to Erin Kennedy there are 4 good reasons your taxes might being higher in retirement:
A recent survey by AARP found that many Americans over 50 don't feel confident about their finances. However, if you follow these 3 specific strategies, as explained by Dustin with Mundorf Wealth Management to Erin Kennedy you will certainly feel more in control, and you'll be setting yourself up for a financially happy retirement. Here's a look at those three strategies:
Understanding the three main financial phases in your life is key to maximizing your finances. As Dustin with Mundorf Wealth Management explains to Erin Kennedy, each stage has different goals, risks, and opportunities.
It's possible to achieve sustainable income in retirement by utilizing the "Retirement Bucket Strategy." This strategy involves dividing your retirement savings into different "buckets" based on your time horizon and risk tolerance. In this video, Dustin with Mundorf Wealth Management and Erin Kennedy explain each bucket: