Name: Retirement Help Center Ep.3 What a Healthy Retirement Needs
Uploaded: 2023-01-12T13:43:26-0500
Duration: 204482
Description: Have you ever wondered what a healthy retirement plan needs? It starts with a budget and a strategy beyond the stock market.

We’re also following the US Senate passing a potential ban on TikTok and the charges a 74-year-old man faces after a shooting on the Shaw University campus. Plus, where candidates for NC superintendent say school safety falls short and the improvements that can be made. Watch WRAL-TV at 11 p.m., and search for these and other stories on WRAL.com.

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Have you ever wondered what a healthy retirement plan needs? It starts with a budget and a strategy beyond the stock market.

what I've seen in my almost 30 years in the financial and retirement planning community is that folks that have defined a budget have come out way far ahead because you know what you need for retirement, how do you plan for retirement if you don't know what you're going to need? So we look at what you like to do today, we fast forward in the future factor in inflation and, and cost rises and then we make sure we have a plan that can help you do what you wanna do because think about it, what fun is retirement if you're not doing what you want to do, That's why we encourage, help you work out that budget now and that budget later. What I've seen in my almost 30 years in the financial arena is that folks that have a long term investment strategy usually come out far ahead now an investment strategy is not just throwing money at the stock market, hoping it goes up, even though that is the strategy, some people imply because let's say you take a guess your first guest ever on the stock and it goes up now you think you're an expert, you can learn real quick that that wasn't the right way and you're not an expert when the next stock you pick goes down. So what I advise is first we establish a core part of your portfolio, the core money is gonna be there, it's gonna grow, it's gonna protect that growth and it's gonna give you a lifetime income and there's several ancillary advantages to that one beyond having that money protected against loss. But number two, when you have that money that's in the market and our world are red or risk bucket, you're a little bit less concerned About the fluctuations that you have up and down there because you know you have that piece that is protected. And lastly an advantage to that's when we start to make withdrawals in retirement. Sometimes you know, the plans will work where we can withdraw a little bit more because you know when you do it plan and most times it's 4%, that's the golden rule. Sometimes we can go above that a little bit because that 4% is assuming 100% of that money is at risk. So if you do not have all of that money at risk, if you have some and that's completely protected. Another advantage there is, I could take out a little bit more in retirement because that's not going up up and down with the fluctuations of the market. Well you've probably heard me referred to health insurance, I call it wealth insurance because there's no quicker way to lose everything you have in life than not have health insurance period. Most people watching know somebody who's in who's had a long term care incident, it can bankrupt a family and the first person that goes to the long term care facility, the second person, the second spouse is broke now, so we need to make sure we have a long term care policy in place. You don't have to buy a long term care policy though to get long term care coverage. There's some specially designed life insurance policies that when you take the death benefit today to use for your long term care. So you don't have to die to benefit from a life insurance policy. And you can be guaranteed to have that long term care coverage by having the proper policy so it's overlooked and under understood, believe it or not, I know it's a new word, but let's get you understanding what's available to you were so worried about today and ourselves. We forget about what's going to happen tomorrow to our relatives, more specifically our spouses, Children, we care for grandchildren, even that. So putting together a proper legacy plan is you talking from your grave to make sure people you wanted to have money, have the money they need now. We want to structure it the right way. There are ways you can structure a tax free legacy plan and that's vitally important

Retirement Help Center Ep.3 What a Healthy Retirement Needs

Money Desk: Spotlight: What a healthy retirement needs

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I'm meteorologist, Kat Campbell in the wr a severe weather center. No more thirties in the forecast and we don't have a frost threat tonight so you can leave your plants be, temperatures are falling into the upper forties to lower fifties overnight. We've got a different wind direction and some more clouds that will fill in by daybreak tomorrow at the bus stop, it'll be in the low to mid fifties for most of the kids out there. So a mild start, but you may want to send your kids to school with an umbrella because by the time they head home, some of us are going to be dealing with a chance for rain during the afternoon. It's all due to this cold front. Approaching from the northwest. There's not a lot of moisture for the front to work with, but just enough and enough lift to squeeze out some rain. I think that rain chances would start in our northwestern counties around 11 a.m. through lunchtime. And then that chance is really closer to, to three o'clock here in the triangle. But that might be when the kids are heading home as we get toward 456. It would be south and east of the triangle with the best chance for rain. Rocky Mount, Southern Pines. I'm thinking you'll be in that 3 to 5 p.m. time frame for rain. It's not going to be a very heavy rain. There is a small chance of a thunderstorm embedded, but most of us will just see some pretty light rain. In fact, models are showing less than 5/100 of an inch of rain. So very tiny rainfall amounts from this event. We do have the Durham Bulls in town this week. And luckily the forecast looks good for all of their home games. First pitch is at 6:35 p.m. Wednesday, Thursday and Friday. We've just got wonderful baseball weather. Temperatures will be near 70 for the first pitches and the rain should be over in Durham, the triangle by the time we get to dinner time for tomorrow evening, which means it's likely to be a dry game for us. Your seven day forecast show, some big changes are on the way though. We've got 74 for the high Wednesday with chance for rain Thursday just 72. So a small dip in our high temperatures more noticeable at night though we fall into the upper forties Thursday night to Friday morning, we're going with 47 as the low Friday morning around the triangle. And then once we get to the weekend temperatures begin to rebound. However, that will come with an increasing cloud cover mostly cloudy Saturday and Sunday. But back in the eighties by Sunday and even warmer next week, highs could climb near 90 a week from today.

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Tuesday and Friday Mega Millions Drawing.

>> ACROSS AMERICA WITH MEGA JACKPOTS, IT'S MEGA MILLIONS HALEM ERIC, I'M JOHN CROW TO SEIZE APRIL 23RD AND TONIGHT'S MEGA MILLIONS JACKPOT IS AN ESTIMATED ANNUITIZED 202 MILLION DOLLARS. >> TO WIN THAT JACKPOT, YOU MUST MATCH THESE 5 WHITE. PLUS THAT GOLD MEGA BALL. NOW AS YOU MAKE IT MAKE YOU A MILLIONAIRE TONIGHT. FIRST WINNING NUMBER TONIGHT IS A 43 FOLLOWED. MY 39. UP NEXT, WE HAVE 11 IN X NUMBER IS 17 IN YOUR FINAL WHITE BALL NUMBER FOR THIS TUESDAY EVENING IS 33 NOW FOR THE MEGA BALL NUMBER. THAT IS 14 AGAIN. TONIGHT'S WINNING NUMBERS ARE 43. 39, 11,

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Good afternoon. I'm Grace Hall and welcome to this afternoon's drawings for Tuesday, April 23rd, 2024. Let's get started with the Carolina pick three. The first pick three number is the first number is one followed by 30 and then your fire ball is four. Joining me for this afternoon's drawing is our auditor from mcconnell and Jones L LP. Now let's move on to the Carolina pick for the first pick four. Number is still waiting for those numbers to draw. As I said this afternoon's drawing, our auditor is mcconnell Jones L LP. Now we've got your first number is eight then zero, then nine followed by eight and your fireball is four. Thank you for watching.

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Good evening, America. I'm Michelle Isles. Tonight. We've got another life changing jackpot for you in an estimated amount of $116 million. Get your tickets out. We'll start things off tonight with the number 39 right after that America. We have 12. Let's congratulate Francisco Nunez of North Carolina who won $150,000. Now, your next number up tonight is 16. That's followed by 52 and we're rounded out tonight with 33. Now for your winning powerball number. Good luck, everyone. It is one and your power play multiplier is two. Let's take another look at those winning numbers. Remember there are multiple ways to win. We'll see you back here Wednesday night. Good night. It's time to play America's favorite.

Retirement Help Center Ep.3 What a Healthy Retirement Needs

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