Fearing Poverty More Than Death? Try Having a Retirement Plan Instead

Richard Warner talks about a recent study of 1,000 Americans that showed nearly two-thirds of them fearing going broke more than dying. Richard shares how that has been his experience when he talks to different people and why having a plan can help people cope. Richard explains how people often hav…

Different Types of Scams and What to Watch For

Richard Warner discusses pranks, including a famous one pulled on QB Shedeur Sanders, and then transition to how susceptible people can be to scams. Richard explains how one scammer posed as a U.S. Marshal and took someone he knew for a lot of money. Richard shares things to look out for and the li…

How Annuities Interface with Taxes

Richard Warner talks about how annuities have gotten a bad name and how different kinds of annuities have become a lot more beneficial in recent years. Richard also explains how qualified and non-qualified money fit into different annuities and how people need to make plans with this in mind, so th…

Why Tax Strategizing is a Year-Round Affair

Richard Warner discusses the different facets of tax strategizing. Richard explains how tax prep season may be in the first of the year, but that setting up strategies that increase tax efficiency should be on people’s minds all the time. Richard also shares the pitfalls of waiting to get tax-compl…

Four Important Tenets of Legacy Planning

Richard Warner talks about a touchy subject: legacy planning. Richard shares four things people need to consider when trying to have things told their way, post-mortem: misjudging how much money they will have left, updating their beneficiaries, the tax consequences to their beneficiaries, and wher…

Multiple Approaches to Ever-Important Long-Term Care

Richard Warner discusses Gene Hackman’s and his wife’s deaths and how those are reminders of the importance of long-term care. Richard discusses the importance of setting up check-ins with people and getting a plan in place before one’s health fails. Then Richard shares what qualifies as long-term …

The Major Tax Benefits of Roth IRAs

Richard Warner gives the ins and outs on Roth IRAs. Richard defines what they are, whether or not they have contribution limits, and why paying taxes now is better than in the future. Richard explains how conversions to Roths from 401(k)s or IRAs work and the importance of having an advisor to walk…

What, When, and How Much?

Richard Warner discusses RMDs and explains what they are, the types of accounts to which they apply, the ages retirees have to take them, and how much money people have to withdraw. Richard also shares how some people have no idea that they eventually have to withdraw from certain retirement accoun…

How To Properly Plan For One’s Lifestyle In Retirement

Richard Warner discusses budgeting for the lifestyle one seeks in their retirement years. Richard lays out the importance of planning for a long term relationship both with an advisor and one’s own plan, so all factors in planning get checked on constantly. Richard talks about factors that people s…

What To Consider With Retirement Healthcare Costs

Richard Warner discusses the complicated topic of planning a healthcare budget in retirement. Richard discusses how Warner Financial Solutions is unique in its attention to healthcare planning. He explains the different options to consider, the high cost of long term care, and how Medicare premiums…