Baby Boomers: Avoiding Common Retirement Pitfalls

Ken Tumolo and Nick Tumolo focus on the impending retirement of peak baby boomers, highlighting the challenges they may face in maintaining their lifestyle post-retirement. To schedule a Tumolo Financial Retirement Checkup visit TumoloFinancial.com Ken Tumolo and his son Nick Tumolo join you on t…

Empowering Couples in Financial Planning

Ken Tumolo and Nick Tumolo break down the dynamics of family roles in financial management, highlighting how responsibilities are often divided between partners. They discuss the evolving trends in financial decision-making among younger couples and emphasizes the importance of inclusive financial …

Building a Backup Plan for Retirement

When it comes to managing a 401K, there are several options to consider. Ken Tumolo and Nick Tumolo discuss leaving the money in the former company's plan or rolling it over to an IRA. The key is to evaluate the situation and determine what can be done differently to improve the retirement picture.…

Recent Changes in Retirement Laws and Taxes

Ken Tumolo and Nick Tumolo discuss recent changes in retirement laws, particularly related to taxes. Two key changes mentioned are the exclusion of Roth money from the calculation of required minimum distributions (RMDs) in 401(k) accounts and the conversion of catch-up contributions to Roth money …

The Pitfalls of 'Stay the Course' Advice

Ken Tumolo emphasizes the importance of proper allocation and planning, especially for those nearing retirement. He disagrees with the advice to stay the course and highlights the potential consequences of market downturns on retirees. To schedule a Tumolo Financial Retirement Checkup visit Tumolo…

Understanding the Complexities of the Tax Code

Ken Tumolo and Nick Tumolo discuss how an inherited retirement account can present tax problems, especially if the beneficiary is in their highest earning years. They highlight how the tax code is complex and difficult for individuals to navigate on their own.  To schedule a Tumolo Financial Retir…

Accounting for All Types of Taxable Income in Retirement

Ken and Nick Tumolo touch on the impact of social security and pensions on retirement planning and the potential tax implications of withdrawing money from tax-deferred accounts.  To schedule a Tumolo Financial Retirement Checkup visit TumoloFinancial.com Ken Tumolo and his son Nick Tumolo join y…

The Importance of Retirement Planning and Financial Security

Ken Tumolo and Nick Tumolo talks about giving clients the freedom to make choices without worrying about financial needs in retirement. They also highlight the potential risks of relying solely on the stock market for retirement savings and the importance of diversification.  To schedule a Tumolo …

When Annuities Make Sense for Retirement

Ken Tumolo and Nick Tumolo discuss how annuities may be appropriate for individuals with high spending relative to their savings, a desire for guaranteed income, and a need for peace of mind. However, they also mention that it's important to be cautious when considering annuities, as some may have …

Ken Tumolo Interviews David Duley about Potential Social Security Changes

Ken Tumolo interviews David Duley, about the looming changes and potential risks to Social Security benefits. David Duley explains the creation of the Social Security Risk Score, a diagnostic tool that helps individuals understand the impact of proposed reforms on their retirement income plan. To …