Most people have no idea how much money they actually need to retire. And after 20 years as a Certified Financial Planner, I can tell you… this one simple formula has changed more retirements than anything else I’ve ever taught. It’s called the Rule of 25. And it’s the easiest way to estimate how big your portfolio needs to be so you can walk away from work without stressing every time the market hiccups. Here’s how it works: You take the amount of money you want to spend each year in retirement

#ad When it comes to building generation wealth, one of the most powerful tools we have are living trusts. When structured correctly they can save your family BIG time on taxes, but if you don’t have a plan in place with your advisor your family members might find themselves with a hefty tax bill. So that’s why I recommend working with a financial planner, specifically a CFP® professional from Facet. Not only will they sit down and review your estate planning options but also retirement planning

Certified financial planner Doug Flynn gives personal finance tips including tax-loss harvesting, Roth-IRA contributions and withdrawing RMDs. More #NewsNationNow: https://trib.al/xB6hhoE | NewsNation | Facebook