How to Retire Solo & Smart: Retirement Planning for Single Millennials, Gen-X, and Baby Boomers

How do you build your financial future when you're single? In this webinar, Senior Financial Planner, Allison Alley, CFP® explains how to map out your retirement journey, create a budget, and manage debt, with specific strategies for every generation. Whether you're a millennial, a Gen-Xer, or a baby boomer, Allison offers tips and strategies around emergency savings, Social Security, saving for retirement (including catch-up contributions), and managing your investment portfolio during market downturns. Throughout the webinar, Allison also answers viewer questions about retirement as a single person.
Download the guide to Going Solo: How to Navigate Your Financial Future Single: purefinancial.com/white-paper...
00:00 - Intro
02:19 - Retirement Savings by Generation
04:12 - Millennials' Solo Retirement
09:51 - Generation X Solo Retirement
20:15 - For the percentage of salary to save, are you referring to gross or net income after taxes and retirement contributions?
20:30 - How does the death of a spouse affect tax brackets and Roth conversion strategies?
22:06 - Baby Boomers' Solo Retirement
33:12 - Can an ex-spouse collect spousal Social Security benefits at age 62?
33:50 - In a long-term live-in relationship, ages 38 and 37, keeping finances separate, never getting married. Does this change how we should each invest for retirement?
34:52 - Is the "Getting Off Course" slide referring to investments?
35:20 - Schedule a free assessment: purefinancial.com/lp/free-ass...
36:08 - Final remarks
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IMPORTANT DISCLOSURES:
• Investment Advisory and Financial Planning Services are offered through Pure Financial Advisors, LLC, a Registered Investment Advisor.
• Pure Financial Advisors LLC does not offer tax or legal advice. Consult with your tax advisor or attorney regarding specific situations.
• Opinions expressed are subject to change without notice and are not intended as investment advice or to predict future performance.
• Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values.
• All information is believed to be from reliable sources; however, we make no representation as to its completeness or accuracy. As rules and regulations change, content may become outdated.
• Intended for educational purposes only and are not intended as individualized advice or a guarantee that you will achieve a desired result. Before implementing any strategies discussed you should consult your tax and financial advisors.
CFP® - The CERTIFIED FINANCIAL PLANNER™ certification is by the Certified Financial Planner Board of Standards, Inc. To attain the right to use the CFP® designation, an individual must satisfactorily fulfill education, experience and ethics requirements as well as pass a comprehensive exam. Thirty hours of continuing education is required every two years to maintain the designation.
MSBA - The Master of Science in Business Administration (MSBA) degree is earned after successfully completing a bachelor’s degree from an accredited institution. A person holding this degree has pursued further study in an area of specialization (i.e. financial and tax planning). The typical length of time to complete the program is 1 to 2 years for full-time students.
AIF® - Accredited Investment Fiduciary designation is administered by the Center for Fiduciary Studies fi360. To receive the AIF Designation, an individual must meet prerequisite criteria, complete a training program, and pass a comprehensive examination. Six hours of continuing education is required annually to maintain the designation.