When it comes to retirement planning, one critical aspect that’s often overlooked is the designation of beneficiaries. It's not just about who you want to inherit your assets; it's about making sure that your wishes are carried out smoothly and without legal complications. Let’s talk about some of the common mistakes we see people make when it comes to the beneficiaries of their accounts…

Here’s some of what we discuss in this episode:

• Naming minors as beneficiaries
• Not coordinating your beneficiary designations and your will
• Not naming alternative or successor beneficiaries
• Naming your estate as a beneficiary
• Making errors on the application

Want to get in touch with Mark?

https://retirementhuddle.com/
mark@howardfinancialgroup.com
888-511-7526

Conventional wisdom says you can’t put toothpaste back in the tube. That is to say, once the deed is done, there’s no taking it back. There are many decisions in retirement planning that can’t be undone, and in today’s episode, we’re going to explore some of them.

Here’s some of what we discuss in this episode:

• Choosing the right time to take Social Security
• The irreversible nature of decisions regarding spousal benefits on pensions
• The increasing cost and potential unavailability of life insurance as you age
• Retiring too soon without a well-conceived plan in place

Want to get in touch with Mark?

https://retirementhuddle.com/
mark@howardfinancialgroup.com
888-511-7526

Have you ever faced the daunting task of moving to a new home? The careful packing, the labeling of boxes, and the strategic loading of the moving truck are all important parts of a smooth transition. What if we told you similar principles apply to planning for your retirement? Listen in as Mark and Ron share some of the unexpected similarities between moving houses and financial planning in today's episode.

Here’s some of what we discuss in this episode:

• Like labeling boxes in a move, having a plan for your investment accounts can help you stay on track
• Certain financial assets, like emergency funds or retirement savings, require extra care and protection
• Similar to securing items in a moving truck, a well-designed financial plan protects assets from market volatility
• Rollovers act as the hand trucks of retirement accounts
• Hiring a professional to alleviate stress and ensure a successful transition

Want to get in touch with Mark?

https://retirementhuddle.com/
mark@howardfinancialgroup.com
888-511-7526