If you’re a Disney employee over 50, you might be wondering about the final stretch of your career and how to best prepare for retirement. Whether you’re planning to retire in your late 50s, 60s, or beyond, understanding how to maximize your savings during these crucial years can make a significant difference in your financial…
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“Whoa! How much am I going to have to pay?” These were the words of a client I recently met with, who is approaching retirement age and had questions about Required Minimum Distributions (RMDs). She had heard about them but wasn’t sure exactly what they meant or how they would impact her financially. Looking at…
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“Don’t do that. That’s the worst way to do it.” What was I talking about? Charitable giving. My client was writing checks to his church directly from his personal account. Admirable, but he was doing it with after-tax income when he had several better options available. These alternatives would benefit the church just as much…
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During COVID, I worked with many clients who faced furloughs, especially those employed at Disney. Some were let go completely, while others were away from work for months. One particular client in his early 60s had an eye-opening experience. He had planned to retire within a couple of years, but found himself temporarily out of…
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I was talking with a buddy recently, and he said something that might sound familiar:“Kyle, inflation is catching up to me. I’m making as much money as I’ve made over my lifetime, but the cost of living keeps increasing.” If you’re feeling the same way, especially after the past few years of higher inflation, you’re…
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When you’re working, getting paid is straightforward. You work for a company, and every week or two weeks, you receive a paycheck. But what happens when you retire? How do you create a “retirement paycheck” to fund your lifestyle, travel plans, home improvements, family visits, and even basic needs like food? The logistics of generating…
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Many people tell me, “I’m just going to take Social Security as soon as possible because I don’t know if it’s going to be around. I don’t know if I’m going to be around, and I just want to take it right when I retire.” I certainly understand this thought process. It’s a realistic view…
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Probably shouldn’t have done that. That’s what went through my mind during a recent conversation with a prospective client. She was approaching retirement after working at Disney for many years and told me about changes she’d made to her investment allocation within her 401(k). Those changes potentially cost her thousands of dollars. I tried to…
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I was talking with a client recently, and she said, “Kyle, I’m getting ready to retire. I’m getting a little bit older. I want to know if I’m on track. What I really want to understand is how to best maximize my Disney 401k before I retire?” This is a common question I receive, especially…
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I recently spoke with a client who told me he is done working for the company and wants to retire. He has been working for the company for 25 to 30 years and has had a great career. He loves the Walt Disney Company and has enjoyed it. Still, when you’re done, you’re done. The…
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