Gary Alden discusses Social Security and the importance of making the right choices for your spouse down the line. 

To schedule a complimentary financial plan with Kingwood Investment Group visit thekig.com

Gary Alden and Christopher Alden of Kingwood Investment Group have years of experience and personalized services focused on your needs, wants, and long-term goals. They have helped clients with retirement planning, personal finances, taxes, estate planning, wealth management, and so much more. Listen as Gary and Christopher cut through the confusion of retirement on ‘Retire with the Aldens’ every week!

Gary Alden discusses Social Security and the importance of making the right choices for your spouse down the line. 
To schedule a complimentary financial plan with Kingwood Investment Group visit <a href="https://www.thekig.com/">thekig.com</a>
Gary Alden and Christopher Alden of Kingwood Investment Group have years of experience and personalized services focused on your needs, wants, and long-term goals. They have helped clients with retirement planning, personal finances, taxes, estate planning, wealth management, and so much more. Listen as Gary and Christopher cut through the confusion of retirement on ‘Retire with the Aldens’ every week!

We know we’re supposed to be getting ready for retirement, but it’s so complicated that we’re not sure how! Whether you are investing to build wealth, protect your family, or preserve your assets, Gary Alden and Christopher Alden of Kingwood Investment Group have years of experience and personalized services focused on your needs, wants, and long-term goals. Listen as Gary and Chris cut through the confusion of retirement on ‘Retire with the Aldens’ every week!

Retire with the Aldens

Summary  In this conversation, Gary discusses two social security questions related to divorce benefits. The first question is about choosing the spousal benefit that pays the most money when a person has been married to multiple partners for more than 10 years each. The second question is about obtaining a deceased ex-spouse's social security statement, which is not possible. Gary advises making an appointment with Social Security to determine survivor benefits. The conversation then transitions to discussing common mistakes in 401k plans, including underestimating retirement costs, having a set-and-forget strategy, relying solely on target date funds, and not rebalancing the portfolio. Gary shares a case study of a couple with 100% of their 401k in the stock market and how diversifying their portfolio improved their retirement outlook. He encourages listeners to take advantage of a complimentary retirement roadmap offered by his company.

Social Security: Choosing the Best Spousal Benefit

Gary Alden discusses how a study found that many baby boomers have not saved enough for retirement, and this will have consequences for their children who may have to take care of them or pay for long-term care. Gary advises the importance of involving adult children in financial planning discussions when necessary. 

To schedule a complimentary financial plan with Kingwood Investment Group visit thekig.com

Gary Alden and Christopher Alden of Kingwood Investment Group have years of experience and personalized services focused on your needs, wants, and long-term goals. They have helped clients with retirement planning, personal finances, taxes, estate planning, wealth management, and so much more. Listen as Gary and Christopher cut through the confusion of retirement on ‘Retire with the Aldens’ every week!

Gary Alden discusses how a study found that many baby boomers have not saved enough for retirement, and this will have consequences for their children who may have to take care of them or pay for long-term care. Gary advises the importance of involving adult children in financial planning discussions when necessary. 
To schedule a complimentary financial plan with Kingwood Investment Group visit <a href="https://www.thekig.com/">thekig.com</a>
Gary Alden and Christopher Alden of Kingwood Investment Group have years of experience and personalized services focused on your needs, wants, and long-term goals. They have helped clients with retirement planning, personal finances, taxes, estate planning, wealth management, and so much more. Listen as Gary and Christopher cut through the confusion of retirement on ‘Retire with the Aldens’ every week!

Summary  A study found that many baby boomers have not saved enough for retirement, and this will have consequences for their children who may have to take care of them or pay for long-term care. It is important to involve adult children in financial planning discussions when necessary. Many baby boomers do not have enough money to cover the cost of long-term care, and a significant percentage have no retirement savings at all. This will put a strain on the healthcare system, government programs, and the economy. Mistakes in 401k plans include underestimating the cost of retirement, not rebalancing the portfolio, relying solely on target date funds, and having a set-and-forget strategy. Diversification and regular rebalancing are crucial for a successful 401k plan.

Involving Adult Children in Financial Planning Discussions

Gary Alden discusses how tolerance varies among individuals and can change over time due to life events. Gary reflects on a couple who experienced a significant loss during the 2008 stock market crash and how they opted for a zero-risk investment strategy for their retirement. 

To schedule a complimentary financial plan with Kingwood Investment Group visit thekig.com

Gary Alden and Christopher Alden of Kingwood Investment Group have years of experience and personalized services focused on your needs, wants, and long-term goals. They have helped clients with retirement planning, personal finances, taxes, estate planning, wealth management, and so much more. Listen as Gary and Christopher cut through the confusion of retirement on ‘Retire with the Aldens’ every week!

Gary Alden discusses how tolerance varies among individuals and can change over time due to life events. Gary reflects on a couple who experienced a significant loss during the 2008 stock market crash and how they opted for a zero-risk investment strategy for their retirement. 
To schedule a complimentary financial plan with Kingwood Investment Group visit <a href="https://www.thekig.com/">thekig.com</a>
Gary Alden and Christopher Alden of Kingwood Investment Group have years of experience and personalized services focused on your needs, wants, and long-term goals. They have helped clients with retirement planning, personal finances, taxes, estate planning, wealth management, and so much more. Listen as Gary and Christopher cut through the confusion of retirement on ‘Retire with the Aldens’ every week!

Summary  Vincent Price's decision to take a flat fee instead of shares of Michael Jackson's Thriller album highlights the importance of understanding risk tolerance in retirement planning. Risk tolerance varies among individuals and can change over time due to life events. A couple from the Woodlands who experienced a significant loss during the 2008 stock market crash opted for a zero-risk investment strategy for their retirement. On the other hand, 401k millionaires face the dilemma of whether to continue investing in the market or seek less volatile options. Adding a fixed annuity to retirement income can provide peace of mind and guaranteed lifetime income.

Navigating Risk Aversion in Retirement Strategies

Gary Alden breaks down why compatibility with a financial advisor is essential. He goes on to explain how accumulation and distribution phases require different strategies. 

To schedule a complimentary financial plan with Kingwood Investment Group visit thekig.com

Gary Alden and Christopher Alden of Kingwood Investment Group have years of experience and personalized services focused on your needs, wants, and long-term goals. They have helped clients with retirement planning, personal finances, taxes, estate planning, wealth management, and so much more. Listen as Gary and Christopher cut through the confusion of retirement on ‘Retire with the Aldens’ every week!

Gary Alden breaks down why compatibility with a financial advisor is essential. He goes on to explain how accumulation and distribution phases require different strategies. 
To schedule a complimentary financial plan with Kingwood Investment Group visit <a href="https://www.thekig.com/">thekig.com</a>
Gary Alden and Christopher Alden of Kingwood Investment Group have years of experience and personalized services focused on your needs, wants, and long-term goals. They have helped clients with retirement planning, personal finances, taxes, estate planning, wealth management, and so much more. Listen as Gary and Christopher cut through the confusion of retirement on ‘Retire with the Aldens’ every week!

Summary  Deciphering signals is important in both relationships and retirement planning. Knowing when to seek professional help in retirement planning is crucial. Two couples' stories highlight the importance of working with a financial advisor. Emotional investing can lead to poor decision-making. Compatibility with a financial advisor is essential. Accumulation and distribution phases require different strategies. Social security timing can significantly impact retirement income. Adjusting investment mix to reduce risk is crucial in retirement. De-risking portfolios is common in retirement planning.

Social Security: Choosing the Best Spousal Benefit

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