Navigating Finances After Losing a Spouse: Strategies & Mistakes to Avoid

Retire On Your Best Path with Liz Whitteberry

https://youtu.be/GZBhlwWRELQ

32:48

America’s Sweethearts: Dallas Cowboys Cheerleaders is back for its second season! Kay Adams welcomes the women who assemble the squad, Kelli Finglass and Judy Trammell, to the Netflix Sports Club Podcast. They discuss the emotional rollercoaster of putting together the Dallas Cowboys Cheerleaders. Judy and Kelli open up about what it means to embrace flaws in the pursuit of perfection, how they identify that winning combo of stamina and wow factor, and what it’s like to see Thunderstruck go viral. Plus, the duo shares their hopes for the future of DCC beyond the field. Netflix Sports Club Podcast Correspondent Dani Klupenger also stops by to discuss the NBA Finals, basketball’s biggest moments with Michael Jordan and LeBron, and Kevin Durant’s international dominance. Dani and Kay detail the rise of Coco Gauff’s greatness and the most exciting storylines heading into Wimbledon. We want to hear from you! Leave us a voice message at www.speakpipe.com/NetflixSportsClub Find more from the Netflix Sports Club Podcast @NetflixSports on YouTube, TikTok, Instagram, Facebook, and X. You can catch Kay Adams @heykayadams and Dani Klupenger @daniklup on IG and X. Be sure to follow Kelli Finglass and Judy Trammel @kellifinglass and @dcc_judy on IG. Hosted by Kay Adams, the Netflix Sports Club Podcast is an all-access deep dive into the Netflix Sports universe! Each episode, Adams will speak with athletes, coaches, and a rotating cycle of familiar sports correspondents to talk about a recently released Netflix Sports series. The podcast will feature hot takes, deep analysis, games, and intimate conversations. Be sure to watch, listen, and subscribe to the Netflix Sports Club Podcast on YouTube, Spotify, Tudum, or wherever you get your podcasts. New episodes on Fridays every other week.…

about a year ago 17:18

MP3•Episode home

Here’s some of what we discuss in today’s show:

Planning ahead to ease financial burdens after losing a spouse
Managing income gaps: Social Security loss, pension choices, and strategies
Understanding tax changes for surviving spouses
Using Roth conversions to reduce future taxes
The benefits of trusts versus wills

Avoid The Widow’s Tax Trap Video:

Subscribe to Liz's YouTube Channel: Best Path Advisors - YouTube

72 episodes

#Trading #Careers #Business #Liz Whitteberry #Retirement #Finance #Financial #Best Path #Advisors #IRA #401k #Women #Money

Navigating Finances After Losing a Spouse: Strategies & Mistakes to Avoid

Retire On Your Best Path with Liz Whitteberry

published about a year ago

MP3•Episode home

Here’s some of what we discuss in today’s show:

Planning ahead to ease financial burdens after losing a spouse
Managing income gaps: Social Security loss, pension choices, and strategies
Understanding tax changes for surviving spouses
Using Roth conversions to reduce future taxes
The benefits of trusts versus wills

Avoid The Widow’s Tax Trap Video:

https://youtu.be/GZBhlwWRELQ

Subscribe to Liz's YouTube Channel: Best Path Advisors - YouTube

72 episodes

#Trading #Careers #Business #Liz Whitteberry #Retirement #Finance #Financial #Best Path #Advisors #IRA #401k #Women #Money

All episodes

Retire On Your Best Path with Liz Whitteberry

1
You May Be Retired Longer Than You Think 20:30

13 days ago20:30

20:30

What if your retirement starts sooner than you anticipated? Many Americans think they'll retire at 65 or later, but studies show the average retirement age is actually 62. From layoffs to health issues to caregiving responsibilities, unexpected events can shift your retirement timeline. And with people living longer than ever, your retirement could last 30+ years. This episode, Liz and Marc break down insights from J.P. Morgan’s Guide to Retirement- including two critical charts that might reshape the way you think about your retirement years. Here’s some of what we discuss in today’s show: The surprising stats from J.P. Morgan’s retirement guide Retiring by choice vs by necessity The high cost of health insurance before Medicare Planning for cognitive decline in later years Tips to stay independent and supported as you age J.P. Morgan Guide to Retirement: https://am.jpmorgan.com/us/en/asset-management/institutional/insights/retirement-insights/guide-to-retirement/ The 4% Rule Gets A Makeover Episode: https://www.buzzsprout.com/2026415/episodes/17312892 Subscribe to Liz's YouTube Channel: Best Path Advisors - YouTube…

Retire On Your Best Path with Liz Whitteberry

1
Bounce Back Smarter: Learning From Financial Missteps 15:25

27 days ago15:25

15:25

Almost everyone has made financial mistakes, whether it was listening to bad advice, panicking in a downturn, or investing in products that weren’t fully understood. These setbacks can feel overwhelming, but more than likely, you made the best decision you could at the time with the information you had. In this episode, Liz offers a practical, judgment-free guide for how to overcome financial setbacks and move toward retirement with confidence. Here’s some of what we discuss in today’s show: How fear, confusion, and poor advice play a big role in bad decisions When increasing savings can help and when other adjustments might be necessary Resetting your goals without overreacting or derailing your plan How professional guidance can help clarify your situation and avoid compounding mistakes Subscribe to Liz's YouTube Channel: Best Path Advisors - YouTube…

Retire On Your Best Path with Liz Whitteberry

1
The 4% Rule Got An Upgrade- Now What? 17:35

6 weeks ago17:35

17:35

For decades, the 4% rule has been a popular rule of thumb for retirement income planning- withdraw 4% annually from your portfolio, and your money should last 30 years. But now, the original creator of the rule is updating it. What’s changed? And should you change your retirement plan too? Here’s some of what we discuss in today’s show: The 4% rule is now 4.7%... should you celebrate? Having flexibility and guardrails for your income plan Market cycles, inflation, and risk tolerance: it all matters Rules of thumb vs. real retirement math Choosing a withdrawal rate that fits your plan Subscribe to Liz's YouTube Channel: Best Path Advisors - YouTube…

Retire On Your Best Path with Liz Whitteberry

1
Where To Save Your Next Dollar 19:39

9 weeks ago19:39

19:39

How do you decide where to save your next dollar? Are you overlooking the most tax-efficient account available to you? With so many options, it’s easy to feel stuck or unsure about what makes the most sense. Not every savings option offers the same benefits, and using the right account at the right time may lead to serious tax advantages and long-term flexibility. In today’s episode, Liz breaks down where to consider putting your next dollar—and the dollar after that—based on tax benefits, your goals, and time horizon. Here’s some of what we discuss in today’s show: The order of operations for where to save Building an emergency fund tailored to your needs The triple tax advantages of HSAs Strategically using Roth vs traditional accounts What tax efficiency really looks like in practice Subscribe to Liz's YouTube Channel: Best Path Advisors - YouTube…

Retire On Your Best Path with Liz Whitteberry

1
Navigating Finances After Losing a Spouse: Strategies & Mistakes to Avoid 17:18

11 weeks ago17:18

17:18

Losing a spouse is an unimaginably tough life event, but the financial implications can add another layer of stress to the grieving process. In this episode, we delve deep into the most common financial issues faced by widows and widowers, from dealing with income gaps to navigating tax changes as a single filer. We explore actionable strategies to address these problems, such as the importance of life insurance, the ins and outs of spousal pension continuation, and how Roth conversions can offer critical tax advantages for surviving spouses. Here’s some of what we discuss in today’s show: Planning ahead to ease financial burdens after losing a spouse Managing income gaps: Social Security loss, pension choices, and strategies Understanding tax changes for surviving spouses Using Roth conversions to reduce future taxes The benefits of trusts versus wills Avoid The Widow’s Tax Trap Video: https://youtu.be/GZBhlwWRELQ Subscribe to Liz's YouTube Channel: Best Path Advisors - YouTube…

Retire On Your Best Path with Liz Whitteberry

1
Can You Retire In A Down Market? 16:04

13 weeks ago16:04

16:04

Can you really retire when the market is down? Do you have enough stability in your portfolio to weather the storm? In this episode, Liz answers that exact question by walking through the practical steps and mindset shifts that make a confident retirement possible- even in uncertain times. With volatility on the rise and recession concerns growing, more soon-to-be retirees are wondering if their timing is off. Here’s some of what we discuss in today’s show: Proactive vs. reactive retirement strategies How retiring in a down market can work The danger of high withdrawal rates in volatile years What “guardrails” can do for your income plan Subscribe to Liz's YouTube Channel: Best Path Advisors - YouTube…

Retire On Your Best Path with Liz Whitteberry

1
What Will Tariffs Mean for Your Retirement Portfolio? 19:14

15 weeks ago19:14

19:14

Since the day he took office, President Trump planned to implement tariffs, and he carried that out last week. The immediate market reaction was very negative. How might this impact your personal finances and the economy over the long term? Here’s some of what we discuss in today’s show: What tariffs are and their historical context How tariffs can raise prices and affect markets The psychology behind panic-selling Smart strategies for managing market uncertainty Subscribe to Liz's YouTube Channel: Best Path Advisors - YouTube…

Retire On Your Best Path with Liz Whitteberry

1
Is Annuity Taxation Beneficial? What To Know! 14:52

17 weeks ago14:52

14:52

We’re in the middle of tax season, and you may have heard that annuities can provide tax benefits. Who is that true for, and are there any side effects? Today, we’re going to clear up some of the confusion around the advantages and disadvantages of annuities. Liz will also provide some tips on what you need to know before considering an annuity. Here’s some of what we discuss in today’s show: What is an annuity? The different “flavors” of annuities available The advantages and disadvantages of annuities When might an annuity be a good fit? Subscribe to Liz's YouTube Channel: Best Path Advisors - YouTube…

Retire On Your Best Path with Liz Whitteberry

1
Key 2025 Tax Breaks & Adjustment Opportunities 17:26

19 weeks ago17:26

17:26

Tax season is here, but filing your 2024 return is just one piece of the puzzle. Now is also the perfect time to take advantage of new tax rules for 2025- before the year gets away from you. With higher standard deductions, increased retirement contribution limits, and updated HSA rules, there are plenty of opportunities to lower your tax bill and boost your savings. In this episode, we’ll break down the key changes and how you can start planning now to make the most of them. Here’s some of what we discuss in today’s show: The annual inflation-based adjustments to the 7 income tax brackets Maximizing 401K contributions and the increased limit for 2025 IRA contribution limits and strategies The 2025 HSA contribution limit Liz’s insights on making smart tax moves today for a more efficient retirement Subscribe to Liz's YouTube Channel: Best Path Advisors - YouTube…

Retire On Your Best Path with Liz Whitteberry

1
Warning Signs: How To Spot Problems In Your Financial Life 18:37

21 weeks ago18:37

18:37

Just like the lights on your dashboard can indicate if something is wrong with your car (like low tire pressure or leaking oil), there are indicators in your financial life that might point out that you have a problem that needs to be addressed. In today’s episode, Liz is going to cover 5 areas that you should review. Here are the warning signs we discuss in today’s show: You have no idea what it costs to fund your lifestyle You’re focused on attaining a certain net worth or account balance Your mental image of retirement is based on what your parents had You get worked up about current events because of the impact you feel they might have on your portfolio You think nursing home expenses will take care of themselves Subscribe to Liz's YouTube Channel: Best Path Advisors - YouTube…

Retire On Your Best Path with Liz Whitteberry

1
If You’re a Smart Investor, Do You Really Need a Financial Advisor? 18:21

23 weeks ago18:21

18:21

If you’ve spent years successfully managing your own investments, do you really need a financial advisor? That’s the question Bob, one of our listeners, sent in. He’s got an MBA, knows the markets well, and has always handled his portfolio solo. So, is working with an advisor just an extra expense, or could it actually add real value? In this episode, we break down when and why even experienced investors might benefit from professional guidance and when they’re probably fine on their own. Here’s some of what we discuss in today’s show: Where financial advisors provide value that DIY investors might not consider Some common blind spots or mistakes that smart DIY investors tend to overlook How experienced investors should plan for a future where they don’t want to (or can’t) actively manage their portfolios What Liz would say to investors who doubt that an advisor can help improve their finances Subscribe to Liz's YouTube Channel: Best Path Advisors - YouTube…

Retire On Your Best Path with Liz Whitteberry

1
4 Risks Unique To Retirees 20:12

26 weeks ago20:12

20:12

You face risks every day and in every stage of life. But retirees face some unique challenges that are important to talk about and plan for. In today’s episode, Liz and Marc explore the 4 risks unique to retirees, their potential impact on your financial future, and what steps you can take to prepare. Here’s some of what we discuss in today’s show: Accumulation vs. decumulation Why the timing of market returns can impact your nest egg in retirement The risk of outliving your savings How tax strategies can help minimize what you owe and maximize what you keep Having a plan for unexpected expenses, like healthcare costs, natural disasters, and more The article that inspired today’s episode: https://www.advisorperspectives.com/articles/2023/01/03/the-four-unique-risks-in-decumulation Subscribe to Liz's YouTube Channel: Best Path Advisors - YouTube…

Retire On Your Best Path with Liz Whitteberry

1
What Financial Advisors Wish Every Investor Knew 21:49

28 weeks ago21:49

21:49

Imagine you could read your financial advisor’s mind before you even walked through the door for the first time. What would they want you to know? In this episode, we bring you the game-changing insights financial pros wish every saver and investor understood. Here’s some of what we discuss in today’s show: What you’re truly paying for your investments The motivations behind the information you hear on TV The importance of setting realistic financial goals and checking in on them That “one-size-fits-all” advice doesn’t work Financial decisions are emotional, and that’s okay The importance of reviewing and updating your plans regularly Subscribe to Liz's YouTube Channel: Best Path Advisors - YouTube…

Retire On Your Best Path with Liz Whitteberry

1
The Art of Rebalancing 14:56

32 weeks ago14:56

14:56

We all know that rebalancing our portfolio is important, but when should we do it? Is it a December tradition- a January jumpstart? Or should it be triggered by your life changes or a change in the economy? In this episode, Liz dives into the art of rebalancing. From calendar-based strategies to threshold triggers, life events, and market shifts, Liz breaks down the when, why, and how of keeping your portfolio aligned with your goals. Tune in to learn how rebalancing can optimize your investments and keep you on track for a confident retirement. Here’s some of what we discuss in today’s show: What is rebalancing and why is it important? What is calendar-based rebalancing? What is threshold-based rebalancing? How do life events impact rebalancing? Should market conditions drive rebalancing? Subscribe to Liz's YouTube Channel: Best Path Advisors - YouTube…

Retire On Your Best Path with Liz Whitteberry

1
Money Conversations To Have At The Holidays 16:33

35 weeks ago16:33