Kristina discusses the multifaceted aspects of legacy and estate planning, emphasizing the importance of understanding estate taxes, ethical wills, and proactive financial strategies. She highlights the significance of communication with family regarding legacy wishes, the impact of blended families, and the necessity of planning for unexpected life events, including healthcare costs and long-term care. The discussion also covers retirement income strategies, tax planning, and the importance of having a comprehensive financial plan to ensure a secure and fulfilling retirement.

Reach Kristina at 844-823-6387.

Powerful Legacy Insurance and Financial Services

www.yourpowerfullegacy.com

See omnystudio.com/listener for privacy information.

Kristina discusses the various financial behaviors and money personalities that can impact retirement planning. The conversation explores how frugality may not equate to financial wisdom, the common disagreements couples face regarding finances, and the importance of communication in managing money as a partnership. Additionally, the episode delves into tax challenges for married couples in retirement, the implications of social security decisions, and the complexities of home equity and Roth conversions. Overall, the discussion emphasizes the need for strategic planning and open dialogue to ensure a successful retirement.

Reach Kristina at 844-823-6387.

Powerful Legacy Insurance and Financial Services

www.yourpowerfullegacy.com

See omnystudio.com/listener for privacy information.

Kristina discusses the various phases of retirement, likening them to the sides of a vinyl record. The first decade, or 'go-go years', is characterized by energy and spending, while the later years require careful planning for healthcare, legacy, and emotional transitions. The importance of purpose, communication, and managing relationships during retirement is emphasized, along with the need for a sustainable lifestyle and proactive tax strategies. Kristina also addresses listener questions about navigating retirement challenges and finding joy in this new phase of life.

Reach Kristina at 844-823-6387.

Powerful Legacy Insurance and Financial Services

www.yourpowerfullegacy.com

www.powerfultaxbill.com

See omnystudio.com/listener for privacy information.