![West Advisory Group](/img/default-banner.jpg)
- 43
- 12 856
West Advisory Group
United States
Приєднався 20 бер 2015
At West Advisory Group, we understand that today’s retirement isn’t like your parents: you need to be strategic. To have a retirement that fits you and your family, you need a working FORMula that pulls its weight and works when you can’t.
Investment advisory services offered through Brookstone Capital Management, LLC (BCM) and Milestone Asset Management, LLC (MAM), a registered investment advisor. BCM is independent of MAM and West Advisory Group. MAM and West Advisory Group are affiliated through common ownership. Insurance products and services are not offered through BCM or MAM but are offered through individually licensed and appointed agents.
The content of this website is provided for informational purposes only and is not a solicitation or recommendation of any investment strategy. Investments and/or investment strategies involve risk including the possible loss of principal. There is no assurance that any investment strategy will achieve its objectives.
Investment advisory services offered through Brookstone Capital Management, LLC (BCM) and Milestone Asset Management, LLC (MAM), a registered investment advisor. BCM is independent of MAM and West Advisory Group. MAM and West Advisory Group are affiliated through common ownership. Insurance products and services are not offered through BCM or MAM but are offered through individually licensed and appointed agents.
The content of this website is provided for informational purposes only and is not a solicitation or recommendation of any investment strategy. Investments and/or investment strategies involve risk including the possible loss of principal. There is no assurance that any investment strategy will achieve its objectives.
Estate Planning Essentials: Critical Questions You Must Know
In today’s video, we’re diving deep into the 12 critical questions you must know about estate planning. Estate planning is a vital part of your financial and life planning strategy, ensuring your assets are distributed according to your wishes when you pass on.
Key Topics Covered:
- Will vs. Trust: Discover the differences and determine which is right for you.
- Beneficiary Designations: Understand the importance of keeping these up to date.
- Power of Attorney: Learn why having both financial and medical powers of attorney is crucial.
- Living Will/Health Care Directive: Make informed decisions about your medical care.
- Guardianship Designations: Ensure your children are cared for by the right person.
- Minimizing Taxes: Strategies to reduce the tax burden on your estate.
- Avoiding Probate: Learn the advantages and disadvantages of the probate process.
- Reviewing and Updating Your Plan: Why it’s important to keep your estate plan current.
- Business Succession Planning: Essential for business owners to ensure a smooth transition.
- Charitable Giving: Maximize the benefits of leaving assets to charities.
- Digital Assets: Plan for the transfer of your digital property.
- Obtaining Legal and Financial Advice: The importance of professional guidance in estate planning.
--
Today’s retirement isn’t like your parents, you need to be strategic. Learn the tips & strategies to get the most out of life with your money.
Get started today → www.westadvisorygroup.com/
🔔 Make sure to subscribe here to be notified of future videos!
/@westadvisorygroup
✉️ Receive our weekly retirement financial planning insights straight to your inbox by subscribing here: www.westadvisorygroup.com/platinum-peaks-newsletter/
_ _
👥 Connect with us on all socials → linktr.ee/westadvisorygroup
#finance #money #investment #wealth #financialfreedom #westadvisorygroup #retirement
West Advisory Group
8160 Perry Hwy, Pittsburgh, PA 15237
(412) 847-2040
Key Topics Covered:
- Will vs. Trust: Discover the differences and determine which is right for you.
- Beneficiary Designations: Understand the importance of keeping these up to date.
- Power of Attorney: Learn why having both financial and medical powers of attorney is crucial.
- Living Will/Health Care Directive: Make informed decisions about your medical care.
- Guardianship Designations: Ensure your children are cared for by the right person.
- Minimizing Taxes: Strategies to reduce the tax burden on your estate.
- Avoiding Probate: Learn the advantages and disadvantages of the probate process.
- Reviewing and Updating Your Plan: Why it’s important to keep your estate plan current.
- Business Succession Planning: Essential for business owners to ensure a smooth transition.
- Charitable Giving: Maximize the benefits of leaving assets to charities.
- Digital Assets: Plan for the transfer of your digital property.
- Obtaining Legal and Financial Advice: The importance of professional guidance in estate planning.
--
Today’s retirement isn’t like your parents, you need to be strategic. Learn the tips & strategies to get the most out of life with your money.
Get started today → www.westadvisorygroup.com/
🔔 Make sure to subscribe here to be notified of future videos!
/@westadvisorygroup
✉️ Receive our weekly retirement financial planning insights straight to your inbox by subscribing here: www.westadvisorygroup.com/platinum-peaks-newsletter/
_ _
👥 Connect with us on all socials → linktr.ee/westadvisorygroup
#finance #money #investment #wealth #financialfreedom #westadvisorygroup #retirement
West Advisory Group
8160 Perry Hwy, Pittsburgh, PA 15237
(412) 847-2040
Переглядів: 35
Відео
Building The Perfect Investment For Retirement
Переглядів 33День тому
What goes into a perfect retirement strategy? What is the perfect retirement investment? In today's discussion, we'll dive into the essential components of building the perfect investment strategy for retirement. While the idea of a single perfect investment may be a myth, crafting a well-rounded strategy can bring you closer to your retirement goals. Here's what we cover: 1. Growth: Ensuring y...
Top RMD Mistakes Retirees Make
Переглядів 9514 днів тому
What are the biggest RMD mistakes people make in retirement? In today’s video, we dive into the top 10 mistakes retirees commonly make with their Required Minimum Distributions (RMDs). Whether you're new to RMDs or need a refresher, this guide will help you avoid costly errors and ensure you're on the right track. In This Video, You Will Learn: - The critical mistake of missing RMD deadlines an...
What is an RMD?
Переглядів 4521 день тому
Understanding Required Minimum Distributions (RMDs) is crucial for managing your retirement accounts effectively. In this video, Walt West, founder and CEO of West Advisory Group, explains what RMDs are, how they work, and the important rules you need to follow. What You'll Learn: - Definition of Required Minimum Distribution (RMD) - Age requirements and how they vary based on your birth year -...
Can I Retire At Age 62 With 400,000 In My 401K
Переглядів 637Місяць тому
Can I Retire at 62 with $400,000 in my 401k? In this video, we'll explore the five key areas to consider when planning for retirement with a $400,000 401(k) balance: - Assessing Your Situation: Evaluate your lifestyle, financial obligations, other income sources, and the timing of Social Security benefits. - Financial Readiness: Consider longevity, health status, future healthcare costs, inflat...
7 Crucial Mistakes People Make When It Comes To Retirement Planning
Переглядів 738Місяць тому
Are you on the path to a secure retirement? Don't let these common mistakes cost you your retirement. Join Walt West, founder of the West Advisory Group, as he breaks down the seven most crucial mistakes people make when it comes to retirement planning. In this episode of "Money in Motion," you'll discover how to avoid these costly retirement mistakes and ensure a worry-free future. Key Topics ...
The Greatest Risks In Retirement: More Life than Money & Healthcare Expenses
Переглядів 281Місяць тому
What’s the greatest risk in retirement? Running out of money. In this video, we discuss key retirement risks, including the danger of having more life than money and the high healthcare costs in retirement. Key Topics Covered: The biggest retirement risk: outliving your savings Understanding reliable vs. unreliable income sources The impact of healthcare costs on your retirement plan Strategies...
Defining A Good 401K Balance
Переглядів 191Місяць тому
Are you nearing retirement, considering it, or just retired? In this video, we break down what makes a good 401k balance and how to make the most of it for your retirement journey! In This Video, You'll Learn: - The essentials of a 401k and how it can be your retirement powerhouse. - Key factors that influence your 401k balance, including 401k contribution rates, time, employer contributions, a...
Understanding Your Net Worth at Age 65
Переглядів 1,5 тис.Місяць тому
Understanding Your Net Worth at Age 65
When Should I Start Planning For Retirement
Переглядів 602 місяці тому
When Should I Start Planning For Retirement
What Should I Do With My 401K Going Into Retirement
Переглядів 1802 місяці тому
What Should I Do With My 401K Going Into Retirement
Should I Put My Money In A Roth IRA or A Pre Tax Account
Переглядів 762 місяці тому
Should I Put My Money In A Roth IRA or A Pre Tax Account
Market Volatility & Sequence of Returns
Переглядів 402 місяці тому
Market Volatility & Sequence of Returns
Can I Use My 401K For An Income Plan In Retirement
Переглядів 483 місяці тому
Can I Use My 401K For An Income Plan In Retirement
What Risks Would I Potentially Have Moving Into Retirement
Переглядів 5423 місяці тому
What Risks Would I Potentially Have Moving Into Retirement
How To Build A Retirement Income Plan
Переглядів 4173 місяці тому
How To Build A Retirement Income Plan
When Should I Start To Take Social Security
Переглядів 3863 місяці тому
When Should I Start To Take Social Security
The Process of Building A Retirement Plan
Переглядів 2104 місяці тому
The Process of Building A Retirement Plan
Demystifying Employer-Sponsored Retirement Plans: Your 401k Unraveled
Переглядів 39Рік тому
Demystifying Employer-Sponsored Retirement Plans: Your 401k Unraveled
Mastering Your Finances: A Step-by-Step Guide to a Solid Financial Plan
Переглядів 47Рік тому
Mastering Your Finances: A Step-by-Step Guide to a Solid Financial Plan
Retirement Countdown: Essential Dates and Milestones to Remember
Переглядів 50Рік тому
Retirement Countdown: Essential Dates and Milestones to Remember
Retirement Readiness: Crucial Factors to Evaluate and Costly Errors to Steer Clear Of
Переглядів 34Рік тому
Retirement Readiness: Crucial Factors to Evaluate and Costly Errors to Steer Clear Of
The Hidden Threats to Retirement: Strategies for Beating Inflation and Market Turbulence
Переглядів 64Рік тому
The Hidden Threats to Retirement: Strategies for Beating Inflation and Market Turbulence
What's the Retirement Tax Time Bomb? Avoiding Tax Surprises with Tax-Deferred Accounts
Переглядів 27Рік тому
What's the Retirement Tax Time Bomb? Avoiding Tax Surprises with Tax-Deferred Accounts
Pittsburgh Shred Day 2023: Thank you from North Hills Community Outreach & West Advisory Group
Переглядів 121Рік тому
Pittsburgh Shred Day 2023: Thank you from North Hills Community Outreach & West Advisory Group
Thank you Walt ; good advice!
you can retire. Depends on your lifestyle.
The answer is - I don't know but we have someone who you can pay to tell you.
Thanks for your comment! Retirement planning can indeed be complex, and while we strive to provide useful guidance in our videos, individual situations often require personalized advice. That’s why consulting with a financial professional can be beneficial. They can offer tailored strategies based on your unique financial picture. If you have specific questions, feel free to ask here, and we’ll do our best to provide more detailed information!
Gees, can you be any more vague?
Sorry to hear that you found the information vague. We aim to provide clear and helpful insights, so we’d love to know more about what you’re looking for. Are there specific aspects of retirement planning or financial strategies you’d like us to cover in more detail? Your feedback will help us improve our content!
I'll never retired, but I never worked every single day either. I always had a side hustle. Making money on the side. To me it never seems like work at all. How can it be work, if you enjoy it and do it all the time while not working at a regular job. So funds are always there. Retiring seems to me all you want to do is stop working and stop your weekly paycheck and dip in this money pool that will end at some time. You all have to do math, what will end first the money pot or me. I never have to stop and think about that. I just enjoy life and my side hustles and when I end, it ends.
Thank you for sharing your perspective! It’s great to hear how much you enjoy your side hustles and the freedom they provide. It’s true that not everyone’s retirement looks the same, and finding joy in what you do, whether it’s a side hustle or a regular job, is a key part of a fulfilling life. Everyone’s financial situation and retirement goals are unique, so it’s important to align them with what makes you happy and secure.
I'm never going to retired. But that didn't mean I work all my life either. I'm 60 and very healthy, I still work but it's simple work. I became a caregiver working only 65-78 hours bi-weekly. I can cut those hours anytime I want to and work less if I choose so. My side hustle is running a flea market booth over the weekends. I enjoy all of this. I take trips anytime I want to. So I can plan a trip and take it. I was in construction work most of my life. Building houses from the ground up. So I actually learn 6 skilled trades over those years. The catch I moved a lot while I was young. I made this long bucket list and I knew a old frail man wouldn't be able to do it. So I surely wasn't going to wait to retire to do these bucket list task. What you do, is do them now. How I accomplish this. Is I work hard, save money. So I never in my life save for a nest egg. No I created saving up for the golden goose egg instead. What's that, well it's a fund to able to live off of, during breaks between jobs. Yes, I quit my job to go onto my bucket list adventures. So I move from town to town, city to city, state to state. My breaks can be as long as 1-3-6-9 months to 1-3 years. My longest break between jobs was 2 years and 9 months. The story is I finish up my long bucket list at age 56 and I'm now 60. So I added a few since and will be doing them soon. I been debt free since I was 36 been paying cash every since then. I did the owning a home backwards. The money I been saving and going on trips with. Well I can't spend it fast enough and saved a lot of money so much. I was able to buy my first home at age 56 in cash at the end of my bucket list accomplishments. I finally settle down and enjoying everything I done so far in my life. Will even slow down more at age 67 but will still continue doing the side hustles until death. I call all of this semi-retirement and its been working out great for me.
Clickbait. You're telling us things we already know and give zero answers.
The key don't stop the money coming in. I have hobbies. I enjoy my hobbies. I make money on my hobbies. I live and breath with my hobbies. Started making money as on side hustles since I was 13. I'm 60 and still continue doing my side hustles. It's money, it keeps the world to go around me in a smoothly fashion. That's the key of life.
Thank you for sharing your inspiring story! It’s amazing to hear how your hobbies have become a lifelong passion and source of income. Your dedication and entrepreneurial spirit are truly admirable. We're glad to have you as part of our community! Thanks for watching!
You missed a very important point. Leaving your spouse a larger check by delaying SS. Your spouse benefits if you are the bread winner and wait.
It's crucial to consider the long-term financial security of both partners when making Social Security claiming decisions. Thanks for highlighting this important aspect!
Im gonna try n hold out taking it til 70...thus getting the largest check amt.
Delaying Social Security until age 70 can indeed result in the highest possible benefit amount. It's essential to consider your individual financial situation and goals when making this decision. Thanks for watching!
Social Security is going to be insolvent in less than a decade. Congress has no plan to fully fund SS. Their only fix is to continue cutting benefits and increasing the eligibility age. The SS calculators all assume SS will be around for all your life which is obviously not true. How can you keep giving full benefits when congress continues to cut them? Take SS at 62 and get all you can before the "trust fund" is gone. Don't fall for the same scam that corporations play where they won't give you more salary up front but instead promise bonuses and more money later if you wait. Of course these promises are empty and never materialize. SS is the same game.
Thank you for sharing your concerns. The solvency of Social Security is indeed a significant issue that many are grappling with. Making informed decisions about when to claim benefits is crucial, and taking into account individual circumstances, including concerns about the program's future, is part of that decision-making process. We encourage everyone to stay informed about potential changes to Social Security, consider consulting with a financial advisor, and explore all available options to secure their retirement income. Thank you for raising this important topic.
Serious question for the creator. Ive done the math and it seems for most Americans taking it at 61 is the smartest. The benefit is way lower but starting at 61 you have payments for 6 years so 72 extra payments than starting at 67. Assuming your a male you life expectancy is only 76. Even if they payment at 67 is 1.5x what its at 61 which is high the break even point would be 71.5 years old. Youd make slightly more if you lived long but your wasting it if you die even 3 years below expectancy.
Thank you for sharing your perspective! It's true that individual circumstances and life expectancy play a significant role in determining the optimal age to start receiving Social Security benefits. While starting at 61 may make financial sense for some, it's essential to consider factors like health, financial needs, and long-term retirement goals. We encourage everyone to carefully evaluate their options and consider consulting with a financial advisor to make the best decision for their situation.
This guy...."If you have money you may be able to delay pulling from your retirement" Yea. No shit.
By delaying you get more money per year moron. His point is if you delay the payout can be better for you. He's wrong but that's the point he's making.
If you claim at 62, whatever you lose by continuing to work gets paid to you later. That's a huge key point you're missing here.
Thanks for your comment! You bring up an important point about Social Security claiming strategies. While it's true that delaying claiming can increase your benefit amount, it's also important to consider individual circumstances and goals. For some, claiming earlier may make sense due to factors like health, financial needs, or other retirement plans. We always encourage individuals to evaluate their options carefully and consider consulting with a financial advisor to make the best decision for their situation. Thanks for engaging with us!
So security? Try it with me: So-cial. That's right, so-cial. Very nice.
Touche! Social Security - got it! Thanks for the reminder to enunciate. 😄
Never knew this. I would’ve just taken it immediately😅
Taking Social Security immediately is a common choice, so you're not alone, James! There are definitely advantages to waiting - it's all about finding the strategy that best fits your individual circumstances. Thanks for watching!
Sail, sure. But you're still just blowing with the wind unless you have a keel and a rudder. Even that doesn't matter if you don't have a destination to set a course (plan).
Absolutely! Having a clear plan and direction is crucial. It's like sailing without a map; you might catch a breeze, but without knowing where you're headed, you'll just drift.
You can tell this guy gets it.
Thanks, James! Hope this video helped.