- Epstein & White Retirement Income Solutions, LLC

2 Ways to Help Take Care of Debt in Retirement

The unfortunate reality is that many Americans are now headed into retirement with some amount of debt.[1] In 2016, almost 61% of Americans were moving into the retirement stage of their life with unpaid debt.[1] And while you may think that your expenses will decrease once you retire, that isn’t always the case.[1] Sometimes, your expenses may stay the same, and other times, your expenses could go up. Unfortunately, there’s no way to predict your month-to-month [...]

Rebecca Mack2023-09-21T16:16:35+00:00September 21, 2023|Financial Planning, Retirement Planning|

How to Achieve Financial Freedom

The difficult thing about “financial freedom” as a concept is that many people define it in a vague way. Most people think of it as not having to worry about money and being able to have the things they want without having to scrimp and save for them. But there are all sorts of things that cause worry in regard to our money: mortgage payments, credit card debt, or how much money is in our retirement [...]

Rebecca Mack2023-08-07T19:48:55+00:00August 7, 2023|Financial Planning|

Inflation May Finally Be Slowing Down!

Inflation has been a hot-button issue in finance and politics lately. You may have noticed changes in inflation yourself if you went to buy something and it was much more expensive than you expected. Eggs are a great example of this. In 2022, the price of eggs went up by 59.9% due to an outbreak of avian influenza.[1] Another factor was the pandemic, which caused disruptions to supply chains across the globe, causing inflation and increasing [...]

Rebecca Mack2023-07-26T05:26:10+00:00July 26, 2023|Economy, Financial Planning|

Using Your House to Fund Your Retirement

It is possible for a person to end up in a situation where they have a lot of money in a home but don’t have a lot of money in the bank. If you have been paying off your mortgage for years, your equity in the home could amount to a lot of money. But that isn’t money you can use without making significant financial changes. And just because you have a high-value home, it doesn’t [...]

Rebecca Mack2023-07-11T19:15:10+00:00July 11, 2023|Financial Planning, Real Estate, Retirement Planning|

Creating and Maintaining Generational Wealth in Retirement

In today’s fast-paced world, ensuring financial stability for future generations can be a daunting task. However, it is a common goal for retirees to create and maintain generational wealth in retirement. What better way to leave a legacy than to provide financial security? That’s why this article will provide valuable tips and insights to help retirees build a legacy for their families and future generations. The Foundations of Financial Planning Proper financial planning is widely considered [...]

Rebecca Mack2023-06-30T15:14:21+00:00June 30, 2023|Estate Planning, Financial Planning|

Banking Sector Issues and Your Finances

In recent months there have been 3 major bank shake-ups: Silicon Valley Bank (SVB), Signature Bank, and First Republic Bank.[1] This has generally led to fears that there is a larger recession on the horizon. The financial crisis of 2008 was also precipitated by bank collapses, so this has many experts watching the market carefully. The main concern is that confidence in banks will decrease, and this will lead to more bank failures, which is what [...]

Rebecca Mack2023-06-23T15:44:00+00:00June 23, 2023|Financial Planning|

How Long Can I Keep My Money in My Retirement Account?

In most cases, you can’t actually keep your money in your retirement accounts forever. Even if you don’t need the money from your retirement accounts, many of them will require you to begin withdrawing from them when you are 73 years old.[1] This is called a required minimum distribution (often shortened to RMD). More specifically, you must start taking RMDs by April 1st following the year you turn 73.[2] The amount you are required to withdraw [...]

Rebecca Mack2023-05-15T23:12:56+00:00May 15, 2023|Financial Planning, Retirement Income|

How Safe is Your Money in the Bank Today?

With the recent turmoil in the banking sector, it’s understandable to worry about your bank savings. But before worrying, it’s important to know how your money in the bank is protected. So, how safe is your money, really? Where is my money? First, let’s talk about how your bank actually stores your money. When you deposit your money into the bank, they don’t actually keep it on hand. They will usually take your money and loan [...]

Rebecca Mack2023-05-05T04:28:42+00:00May 5, 2023|Financial Planning|

Exploring The Difference Between an Investment and an Expense

In theory, the definitions of an investment or an expense are quite clear-cut. An expense, or cost, is simply the dispensing of time, money, or resources. An investment, while an expenditure, comes with the expectation of a return. [1] [2] While the two ultimately have the same goal –to acquire a good or service—their intentions and outcomes differ. So, let's discuss the main differences between an expense and an investment and why sometimes, the reasoning [...]

lonebeacon2023-04-14T20:18:12+00:00April 14, 2023|Financial Planning, Investment Strategies|

Navigating Retirement as a High-Net-Worth Individual

For high-net-worth individuals and families, retirement is a significant shift. A high-net-worth individual, also known as an HNWI, is typically someone with at least $1 million in cash or assets that can be easily converted into cash, including stocks, bonds, mutual fund shares, and other investments.[1] As an HNWI, you may not be too worried about depleting your funds in retirement, but there are many complexities that come into play that can eat away at your [...]

Rebecca Mack2023-04-06T21:57:29+00:00April 3, 2023|Financial Planning, Retirement Income, Retirement Planning|

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