Becca Mack

According to Bankrate.com, nearly three‑quarters of U.S. adults report at least one financial regret. In this video, JB with Beckett Financial Group and Erin Kennedy break down the top 5 planning mistakes; they are: 

1. Not having a “GRIP” on your retirement: GRIP is an acronym for Guaranteed Retirement Income Plan
2. Taking inappropriate risks: either being too aggressive or too conservative can derail your retirement
3. A “gross” planning mistake: focusing too much on the “gross” amount in your tax-deferred retirement accounts, without taking taxes into account
4. Not having a plan for long-term care 
5. Not Optimizing Social Security

In this video, JB with Beckett Financial Group and Erin Kennedy talk through the three biggest expenses you’ll see in retirement; be sure these expenses are in your plan, or you may run out of money!

1. Largest Known Expense: Taxes
2. Largest Potential Expense: Healthcare
3. The Silent Thief: Inflation

The only way to combat the possibility of expenses exceeding assets is to have a written income plan for retirement, and that is why JB makes certain it’s one of the first steps he takes with clients: create a budget with all known expenses and build an income plan around it.

The Countdown to Retirement continues! Listen to this: according to Fidelity, the average 65-year-old couple will need nearly $315,000 for healthcare in retirement, not including long-term care. But as JB with Beckett Financial Group and Erin Kennedy discuss, long-term care, isn’t a “maybe” it’s likely; 7 out of ten people will need long-term care at some point, and it’s not covered by Medicare. Here are your options:
 
1. Traditional Long-Term Care Insurance
2. Linked Benefits
3. Self-Insure
4. Become a Dependent
 
Of course, certain options are better than others. But determining what’s right for you, can be difficult. If you’d like to talk through these options with JB, please call (803) 939 – 4848 or visit www.BeckettFinancialGroup.com

Big changes are on the horizon, and they could affect your retirement income, taxes, and estate plan. In this video, JB Beckett with Beckett Financial Group and Erin Kennedy break down what’s in the new legislation (aka the “big beautiful bill”) and how retirees can prepare now to take advantage of the benefits or avoid potential pitfalls.

Some of the most common beliefs about money, retirement, and investing are myths and believing in them can really hurt your financial future. In this video, JB Beckett with Beckett Financial Group and Erin Kennedy break down the biggest financial myths, including:

Myth #1: The market always goes up
Myth #2: The 4% rule works for everyone
Myth #3: My taxes will be lower in retirement
Myth #4: I don’t need life insurance once I retire

If you’ve built a plan around any of these myths, it might be time for a second opinion. Having a plan that accounts for your unique goals, tax situation, and legacy planning will help ensure your money lasts as long as your retirement. If you have any questions, visit www.BeckettFinancialGroup.com or call JB at (803) 939-4848.