08.18.26 Ask An Advisor With Wes Moss
Summary
Wes Moss and Krista Diaz discuss whether recent S&P 500 all-time highs signal a market correction, noting historical data suggests continued momentum. They answer listener questions on early retirement feasibility, disclosing wealth to adult children, and 529 plan tax strategies in New York. The episode also covers the benefits and pitfalls of moving to 55+ communities, including using brokerage loans to avoid capital gains taxes. Finally, they address long-term care costs for a veteran in Washington and the political realities of potential Social Security benefit cuts.
Topics discussed
Introduction and show goals
Overview of 55+ communities and market context
Analysis of recent market all-time highs and rare moves
Market volatility, corrections, and perennial investor worries
Historical patterns of all-time highs and market momentum
Future market outlook and average post-spike performance
Q&A: Early retirement plan for couple with $2.4M savings
Q&A: Disclosing $10M net worth to adult children
Q&A: Using NY 529 funds for private K-12 education
Moving in retirement: Social needs and community challenges
Financial pitfalls of buying before selling a home
Case study: Finding an affordable 55+ community in SC
Strategy: Using a 401k loan to bridge housing costs
Q&A: Retirement planning for a renter in Wisconsin
Q&A: Funding nursing home care in Washington state
Q&A: Social Security deficit and timing of benefits
Closing remarks and call to action
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