Welcome!Today’s Program: 25 Financial Planning Strategies for Older AdultsPresented by: Dr. Barbara O'NeillThe New York Public Library Privacy Policy https://www.nypl.org/help/about-nypl/legal-notices/privacy-policyZoom’s Privacy Policy https://blog.zoom.us/zoom-privacy-policy/

NYPL Resources for: 25 Financial Planning Strategies for Older Adultshttps://docs.google.com/document/d/1HksSTgihXhfo62yXUkhFNPT0W9yA4OJKbg3JAbUI4yg/edit?usp=sharing

Slides are posted at https://www2.slideshare.net/BarbaraONeill/25-financial-planning-strategies-for-older-adults0621

will recording be sent? sorry just logged in

A link will be send in the follow up email.

Making sure my money last enough for me to live in a place where I am not a constant crime target

Making your money last for your lifetime.

loneliness

Money

Loneliness

avoiding IRMAA

possibility of needing long term care

Heart care cost

Uncertainty of what you need to retire

Not interesting - disenfranchising to be a constant target

Relationships with a variety of age groups

Understanding how to protect my money I’ve worked so hard to compile!

Pass home to son / daughter without paying a lot of taxes.

Medical costs

Hard to get a job due to ageism

Agree with Beverly on ageism

in fnding work

What to to invest in taxable accounts vs. qualified accounts from a tax perspective

My issue: giving myself permission to spend down wealth, given concerns about making my wealth last the remainder of my life and the my wife's life.

Please put all questions in the Q & A

Hi Kathleen, Hope all is well!....

The very low interest rate environment means 50+% of assets aren’t being productive/producing income

The what bond?

what is eye bond?

inflation is currently at 5%

Where do you learn more about I bonds and where do you buy them?

Anybody know what bond she said gets 3.5%?

Series I bond

Paid for spouse's funeral expenses with own IRA. This will mean taxes. Will inherit spouse IRA. What are moves to make to reverse or minimize tax hit?

TreasuryDirect.gov to learn about I Bonds.

Will we receive a copy of the recording for this Money Talk? (please)

A link to the Zoom recording and a PDF of the powerpoint will be emailed to all registered participants within 24 hours of the presentation.

thank you

MM -- I think the speaker called them i bonds

@Michael - thanks

What was the link to spreadsheets / templates at Rutgers?

Is there a link to the downloadable spreadsheets

njaes.rutgers.edu/money

Umbrella liability ins. =?

https://njaes.rutgers.edu/money/

@Michael - I only got njaes.rutgers.edu - but there was more after that

Is this assets per person or couple?

Please put ALL questions in the Q & A

https://njaes.rutgers.edu/money

Financial Counseling https://www.nypl.org/help/getting-oriented/financial-literacy/counseling Book a 30 appointment by phone.

NYPL Resources for: 25 Financial Planning Strategies for Older Adultshttps://docs.google.com/document/d/1HksSTgihXhfo62yXUkhFNPT0W9yA4OJKbg3JAbUI4yg/edit?usp=sharing

To avoid the IRMAA cliff (I’m 63) how can we predict the cutoffs that are two years ahead? Any reliable sources that accurately predict / prognosticate?

To avoid the IRMAA cliff (I’m 63) how can we predict the cutoffs that are two years ahead? Any reliable sources that accurately predict / prognosticate?

Hi Can a 457 plan be transferred into stocks? Or can it be sold and buy stocks?

Slides are posted at https://www2.slideshare.net/BarbaraONeill/25-financial-planning-strategies-for-older-adults0621

Retirement Cal: https://www.calculator.net/retirement-calculator.htmlAARP Retirement Cal: https://www.aarp.org/work/retirement-planning/retirement_calculator.html

Also how can we get an estimate on current and future SSI payments?

Finra Cal. https://www.finra.org/investors/tools-and-calculators

SSA.gov to get estimates on current and future social security payments.

How about commenting on guardianship scams? How can you protect yourself from having private guardians or family members try to take over your finances & personal life in fraudulent manner?

Please put ALL questions in the Q & A

that is a good question

Some switches, if one has bad luck, are like a sledgehammer smashing what you had to bits.

Once someone takes RMD withdrawals, what can you do with the money if you do not need to spend it? What kind of savings plans can you put the money in?

So true about the ageism. When there are diversity fairs they never include older adults and when I've asked organizers they just laughed at me.

Great seminar, Barbara and NYPL. Thank you

Very helpful. Thank you.

Thank you Barbara��

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Next Programs: Registration required!Tue. July 13 at Noon Saving for RetirementSaving for retirement and managing income once you retire are two important aspects of personal financial management. Peter Gonzalez from the Financial Industry Regulatory Authority (FINRA) Investor Education Foundation offers resources to help you manage your retirement income. Presented by the FINRA Investor Education Foundation. https://www.nypl.org/events/programs/2021/07/13/saving-retirement

Very helpful. I’ll use the ideas to improve my life! Thank you!

Wed. July 14 at 5 PM Medicare 2021Join us for an overview of the Medicare program and your coverage options, including Medigap/Medicare Supplement insurance, Medicare Advantage/Medicare Health Plans and Medicare Part D prescription drug coverage.Come for the latest information and get your questions answered. Presented by HIICAPhttps://www.nypl.org/events/programs/2021/07/14/medicare-2021

Thank you for attending. The event is now over. Have a nice day!

Really great presentation and information. Thank you.

Thank you so much! That was so helpful.