When you spend your whole life working hard for the life you want, it’s crucial that you take the necessary steps to protect your wealth so that you’re able to reap the benefits of your hard work come time for retirement. In today’s episode of Wise Money, Michael Andersen explores what we can learn about wealth management from those who failed to manage their own expenses, resulting in them losing their fortune. Spending wisely, committing to putting money aside, and investing wisely are all steps that Michael recommends following if you want to set yourself up for a comfortable retirement.

If you’d like to call and discuss the topics covered in this episode or receive Michael’s complimentary financial compass, you can call 800-727-7035.

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While the Coronavirus pandemic is something that none of us have ever experienced, volatile markets and economic change is nothing new. Just like the seasons always change, so do the conditions of our economy. In this episode of Wise Money, Michael Andersen discusses the best way to survive a constantly changing economic landscape: establish a financial plan that has room to change as you get closer to retirement and as the economic environment changes and then stay true to it.

If you’d like to call and discuss the topics covered in this episode or receive Michael’s complimentary financial compass, you can call 800-727-7035.

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After spending your whole life working, retirement should be about relaxing and enjoying your life, not about worrying whether or not you will run out of money. In this episode of Wise Money, Michael Andersen gives some insight into different ways that you can be ready for retirement, and protect your savings, even as we face a potential economic recession.

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In this episode of Wise Money, Michael Andersen delves into specific stresses surrounding retirement that may be keeping you up at night, or at the very least have your mind racing. He addresses some “What if” questions and other inquiries that naturally come when looking forward to retirement so that you’re better able to avoid any planning mishaps.

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The Setting Every Community Up for Retirement Enhancement (SECURE) Act was signed into law on December 20, 2019, and it took effect on January 1, 2020. Overall, the legislation is intended to strengthen retirement security nationwide, but it also contains multiple changes that impact retirement and estate planning. Let’s dig into a few of the most significant provisions.

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