More Wisdom, Less Worry
Written by Dre Griggs
Here’s something I tell every business owner I work with. The U.S. tax code is not a punishment system. It’s an incentive system. Uncle Sam uses the tax code to encourage behavior he wants to see… real estate investment, charitable giving, job creation, innovation. And if you’re willing to do those things, the government will […]
Written by Dre Griggs
Hi, it’s Dre Griggs with Obsidian Wisdom. Today, we’re diving into dividend investing tax implications and setting financial goals. This is the third video in our five-part series on dividend investing. We’ll be answering five key questions: 1. Tax Implications of Dividends When it comes to dividends, taxation plays a crucial role in your investment […]
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 […]
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 […]
