More Wisdom, Less Worry
Written by Dre Griggs
Today, we discuss Eight Proven Strategies to Avoid RMD Tax Traps in Retirement. We’re going to cover eight strategies you can use to avoid falling into this RMD tax trap. It’s not just about paying more in taxes; RMDs can impact your Social Security benefits and even affect your Medicare premiums. When you look at […]
Written by Dre Griggs
Today, we’re discussing the Fed’s recent rate cut and its impact on our retirement. Last week, the Fed lowers rates again. They announced a reduction in the federal funds rate by a quarter of a percent, moving it from a range of about 4.75–5% down to 4.50–4.75%. You might be thinking, “Okay, Dre, I know […]
Written by Dre Griggs
Hi, it’s Dre Griggs with Obsidian Wisdom. Today, we’re discussing bad financial habits that could derail your retirement. I’ll walk you through these habits and explain how to handle them. 1. Believing That Spending Equals Happiness When it comes to overspending, most of us know what we should be doing. There are only three relationships […]
Written by Dre Griggs
Today, we discuss annuities versus the 4% withdrawal rule to determine which is a better retirement strategy. For this, we’ll use a case study featuring Arnold. We’ll walk through his situation to see which option makes the most sense for him. Arnold’s Financial Situation Arnold has $100,000 in cash, $3,300 in monthly expenses, $2,700 from […]
Written by Dre Griggs
Hi, it’s Dre Griggs with Obsidian Wisdom. Today, we’re discussing income annuities and whether they are a smart choice for retirement if you don’t have a pension. When it comes to the Wealth Retirement System, there are three key legs to the system: Today, we’ll focus on the Future-Proof Wealth Formula. The number one concern […]
Written by Dre Griggs
In this article, I’m going to share with you how to maximize your retirement savings using seven simple steps that you can enact today. By implementing these strategies, you’ll ensure that you have a robust financial plan for your retirement years. Leverage Your Tax-Advantaged Accounts The first strategy on our list is leveraging your tax-advantaged […]
Written by Dre Griggs
Today, I’m going to answer the question: how do you leave emotions out of investing? Sometimes, the difference between investing and gambling is emotions—whether we give in to feelings, hunches, or whims. While some investors have followed their instincts successfully, it’s important to remember that their instincts are trained. Take Warren Buffett, for example—he reads […]
Written by Dre Griggs
Today we answer the question: what is the tax impact of selling your home in retirement? When deciding whether or not to sell your home in retirement, you’re usually thinking from a lifestyle perspective—do I still want to live in this house? Maybe the house is too big, or you don’t want to deal with […]
Written by Dre Griggs
Is your 401k not growing the way you expected? Are you concerned about whether you’re keeping up with benchmarks and how other people’s 401ks are performing? If so, this is the video for you. Today, we answer the question: Is your 401k underperforming, and what should I do about it? Why Optimizing Your 401k Matters […]
Written by Dre Griggs
Hi, it’s Dre Griggs with Obsidian Wisdom. Today we answer the question, what is the best age to start planning for retirement? Now, I know what you’re thinking: “Dre, obviously the answer is the earlier, the better.” Addressing Misconceptions Misconception #1: I’ll Live Off Social Security First and foremost, some people think they can rely […]
