In this episode of Friends Talk Financial Planning, John and Bridget delve into the topic of net worth by age. They discuss the importance of understanding what net worth entails and share data on the median and 90th percentile net worth figures across different age groups. Join them as they break down the numbers and explore what it takes to be in the top 10% and even the top 1% of net worth in the U.S. Read the source article for the net worth data: https://ofdollarsandda

In this episode of Friends Talk Financial Planning, John and Bridget dig into the world of fixed annuities. They discuss the components of a fixed annuity, how it works, and why it differs from a variable annuity. If you're curious about whether buying a fixed annuity is a good idea, this video will provide valuable insights. John's firm website: https://www.trinfin.com Don't forget to subscribe to Friends Talk Financial Planning for more insightful discussions on financi

In this episode of Friends Talk Financial Planning, John and Bridget discuss the benefits of hiring a financial advisor and how it can be valuable for regular people. They cover various aspects of financial advising and when it might be the right time to seek professional help. In this episode, John and Bridget discuss the different types of financial advisors, such as financial coaches and financial therapists, and how they can help individuals at various stages of their fin

In this episode of Friends Talk Financial Planning, John and Bridget discuss the required minimum distributions (RMDs) and the recent changes to penalties for not taking them. They dive into the details of the Secure Act 2.0 and provide important tips to avoid IRS penalties. John's firm website: https://www.trinfin.com For advisors around the US: https://www.acplanners.org/home Thanks for watching, and please subscribe! #RMDs #RequiredMinimumDistributions #SecureAct2.0