For example, Antwone Harris, MBA, CFP®, RICP®, cautions clients against paying off their entire mortgage in retirement, something that used to be a source of pride for an earlier generation. Instead, he wants that money compounding as long as possible.
Are you approaching retirement or envisioning a life beyond the 9-to-5 grind? Perhaps you've already retired but find yourself craving purpose and engagement beyond leisurely pursuits. The transition into retirement is not just about ceasing work; it's about embarking on a new phase of life—one filled with passion, purpose, and meaningful contributions. In a recent conversation with CERTIFIED FINANCIAL PLANNER™ and Retirement Income Specialist, Antwone Harris, MBA, CFP®, we delved into the intricacies of retirement planning and the importance of mapping out your post-career trajectory well in advance. Let's explore how professionals can navigate retirement transitions with intentionality and foresight.
Estate planning is a critical aspect of comprehensive financial planning, especially when it comes to ensuring your heirs receive the maximum benefit from your legacy. Among the various components of estate planning, the designation of beneficiaries for individual retirement accounts (IRAs) is a particularly nuanced decision with far-reaching tax implications.
Retirement planning is a multifaceted process that requires careful consideration and strategic decision-making. It's not just about how much money you can put aside during your working years, but also how you utilize those funds in your golden years. Efficient saving and strategic withdrawal from various accounts is the key to a financially secure retirement.
Antwone Harris, MBA, CFP®, is Chief Planning Strategist at Platinum Bridge Wealth Strategies in Washington, D.C. He shares insights on how financial literacy profoundly impacts people’s lives, as money represents freedom rather than simply the ability to buy things. With financial security, individuals can send their children to better schools, access improved healthcare for their families, and enjoy a more relaxed and fulfilling life. Therefore, teaching people how to obtain, maintain, grow, and leverage their finances is crucial beyond just their time and labor.
Antwone Harris, MBA, CFP®, Chief Planning Strategist of Platinum Bridge Wealth Strategies, discusses how during times of uncertainty, an investor can use a covered call to deliver downside protection while capturing upside gains.