Keen On Retirement

My daughter thought she was doing the right thing, the safe thing … And that’s how hackers drained her bank account. The hacks, viruses, and scams are coming at us fast in 2017. Barely two months ago we were dealing with WannaCry. Last week the Petya ransomware virus attacked the US, Europe, and the Middle East. But credit and debit card fraud has really hit home for me lately. When someone in your family gets hacked, it really strips away the illusion that, “Those kinds of things won’t happen to me.”

Thank you so much to everyone who joined us for Retirement Matters: What’s the Best Way to Take Distributions from My Retirement Plans? I hope this presentation provided some helpful perspective on how to put your assets to work for you once you’ve retired.

Our team at Keen Wealth can help you create a financial plan that will fund the retirement you want. What we can’t do is make sure that the things you spend your assets on are going to make you happy – especially if your spending is heavy on stuff and light on experiences.

You probably read about WannaCry, the ransomware virus that locked up around 200,000 computers in 150 countries last month. And around the same time, hackers were tricking Gmail users into downloading a file containing a virus from what appeared to be trusted email contacts.

We’ve all had a good chuckle seeing #adulting and #failuretolaunch on social media, describing the difficulty some millennials have adjusting to adulthood. But the numbers behind the hashtags aren’t funny. For the first time in 130 years, an 18-34-year-old is more likely to be living at home with his or her parents than to be living with a spouse or partner. Incredibly, 25% of adults aged 25-29 are still living at home.

Retirement planning isn’t just about fueling up for the flight to that dream destination. A lot of my clients at Keen Wealth also want to plan the most tax-efficient and responsible ways to set aside resources now that will support their kids and grandkids as they get started on their financial journey. That may mean a college education, buying a first home, or even giving them a head start on their retirement planning.