More Wisdom, Less Worry
Written by Dre Griggs
Hi, it’s Dre Griggs with Obsidian Wisdom. Today, we answer the question: What is the required minimum distribution (RMD) and how are they taxed? What is a Required Minimum Distribution (RMD)? Today, we’re going to discuss a pretty important topic for retirees, and that is the required minimum distribution. We’ll cover three important aspects: We’ll […]
Written by Dre Griggs
Hi, it’s Dre Griggs with Obsidian Wisdom. Today we discuss how much money you need to have invested for retirement. You’ll see that this number varies depending on the stream of income you’re using. There are seven streams of income that the IRS recognizes, and six of them are relevant for retirement. The seventh one, […]
Written by Dre Griggs
Hi, it’s Dre Griggs with Obsidian Wisdom. Today we answer the question, should I continue working part time in retirement? When considering retirement, we often think about finances first. If we have enough money, we won’t work, and if we don’t, we will. However, there are multiple aspects to consider beyond just the financial. Let’s […]
Written by Dre Griggs
Hi, it’s Dre Griggs with Obsidian Wisdom. Today, we throw our hat into the recession debate and tackle the question: Are we in a recession? And if so, what should you do about it? For those who are retiring, investing, or just keeping their money in places that aren’t completely safe, you’re likely seeing all […]
Written by Dre Griggs
Hi, it’s Dre Griggs with Obsidian Wisdom. Today, we’re discussing how to start a retirement fund. Starting a retirement fund is a fantastic opportunity for you to put a plan in place and purchase your freedom. Understanding Flexibility in Retirement Planning One of the most important parts of starting a retirement fund is maintaining your […]
Written by Dre Griggs
Hi, it’s Dre Griggs with Obsidian Wisdom. Today we answer the question, “How much money will I get after retirement?” You already know it depends on a variety of factors, and there are really five that we’re going to focus on today. I’ll even end by giving you a couple of case studies so you […]
Written by Dre Griggs
Hi, it’s Dre Griggs with Obsidian Wisdom. Today we answer the question, what is the biggest risk to a successful retirement? When it comes to a successful retirement, I often get asked, “Dre, what is the number one thing I need to do to make sure I retire successfully?” Ten Biggest Risks to a Successful […]
Written by Dre Griggs
Hi, it’s Dre Griggs with Obsidian Wisdom. Today, we’re answering the question, where do I invest my money after retirement? At the heart of this question is the concern of not wanting to run out of money. Balancing Safety and Growth We’re trying to figure out where to invest money to ensure we don’t run […]
Written by Dre Griggs
Hi, it’s Dre Griggs with Obsidian Wisdom. Today, we’re answering the question: How do I choose between a large lump sum or a pension for retirement? If you’re considering this choice, you’re probably a public sector employee. Only about a fifth of people working have access to a pension, and the majority of those are […]
Written by Dre Griggs
Hi, it’s Dre Griggs with Obsidian Wisdom. Today, we’re answering the question: What is the best age to retire? When you’re thinking about retirement, it’s all about being able to withdraw from the rat race of trading time for money. Retirement means you have enough money to purchase all your time back and decide how […]
