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If you want to retire with confidence and a well-rounded plan, then listen to Retire On Your Best Path with Liz Whitteberry of Best Path Advisors. Liz is an experienced financial advisor who specializes in working with retirement-focused women and couples who desire confidence and clarity so they can live their best life on purpose. On this show, Liz will tackle important issues like income planning, legacy building, minimizing taxes, managing risk, and so much more. Hear her unique approach ...
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Send us a Text Message. Target date funds were introduced in the mid-1990s as a way to simplify retirement investing. These funds are essentially mutual funds that invest in a mix of other mutual funds, tailored to fit a specific time horizon. While these funds are convenient and offer a “set it and forget it” approach, are they an effective way to…
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Send us a Text Message. Have you ever wondered what it means to "rebalance" your investment portfolio and why it's important? If so, today's episode is just for you. Liz will explain the ins and outs of rebalancing, including when to do it and how often. Tune in as Liz and Marc discuss why rebalancing is essential for managing portfolio volatility …
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Send us a Text Message. Have you heard of the “safe withdrawal rate?” This is a rule of thumb that helps retirees know how much they can safely take from their retirement portfolio. One of the most famous safe withdrawal rates is known as the 4% rule. In today’s episode, we’re going to talk about where this rule came from and whether it’s still rel…
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Send us a Text Message. With Mother’s Day right around the corner, it’s the perfect time to reflect on the progress women have achieved in the financial realm over the past century. Despite this, the path to retirement is not without its unique challenges for women, and it’s important to recognize the financial hurdles they continue to face. In thi…
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Send us a Text Message. Ever wondered how much you need to retire comfortably in America? According to a recent survey by Northwestern Mutual, the average American believes it's nearly $1.5 million. But where did this figure come from, and is it a reliable benchmark? Join us in today’s episode as we unpack the survey’s findings and share insights i…
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Send us a Text Message. In this episode, we’re covering an important aspect of financial planning: preparing your heirs to inherit your wealth. Even if your children have developed solid financial habits, they might not be fully prepared for their role in your legacy plan. Tune in as Liz shares some insightful tips for navigating tricky conversatio…
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Send us a Text Message. Inflation is a topic that affects everyone but can be a bit confusing to understand, especially when it comes to retirement planning. If you’ve found yourself wondering where inflation numbers come from and how they might impact your situation, today’s episode is for you! Stay tuned as we cover the basics of inflation and he…
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Send us a Text Message. Is 'Lazy Money' still a concern in 2024's higher interest rate landscape? In this episode, we explore this question, examining how the recent rise in interest rates affects the money sitting in savings accounts, CDs, and conservative investments. Stay tuned as we cover where these options fit in a savvy investment strategy. …
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Send us a Text Message. Would you benefit from a backdoor Roth strategy? Join us as we explore the ins and outs of this question, tackling what it is, how it works, and, most importantly, whether it might be the right move for you. We’ll discuss the pros and cons, identify the ideal candidates, and talk about why it’s gaining traction in today’s fi…
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Send us a Text Message. When it comes to retirement planning, many people think about what year they’d like to retire. But choosing the optimal month to retire is just as important. In this week’s episode, we’ll discuss some important things to think about when it comes to finding the ideal timing for you. From financial factors like bonuses and st…
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Send us a Text Message. Are you prepared for the realities of long-term care? While conversations about long-term care might not be the most thrilling, they are undeniably important. Listen in as Liz and Marc provide an insightful guide to understanding the nuances of long-term care. In this conversation, we’ll explore the various levels of assista…
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Send us a Text Message. Everyone wants to know. Will the economy boom or bust in 2024? Join us as we explore a range of expert predictions, from the shifting trends in housing prices to the looming question of a potential recession or stock market crash. We'll balance our discussion with both optimistic and pessimistic perspectives from an array of…
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Send us a Text Message. Have you ever wondered what questions to ask your financial advisor, or why those questions are crucial? In today’s episode, we’re tackling exactly that. We're discussing the vital questions that bring transparency and depth to your financial advisory relationship. It's about getting clarity on how advisors work, what they s…
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Send us a Text Message. Are you over 55 and pondering retirement? Dive into the world of Required Minimum Distributions (RMDs) with us. RMDs can be confusing, so in today’s episode, Liz is here to unravel the mystery and ensure you have a clear understanding of the process. Listen in as we demystify the reasons behind mandatory withdrawals from you…
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Send us a Text Message. We're nearing the end of the year, but it's not quite over yet! Join us for a thoughtful episode where we unpack our 2023 edition of key year-end planning strategies for those nearing or embracing their retirement years. We'll explore the nuances of optimizing your investment portfolio, safeguarding your assets, and ensuring…
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Send us a Text Message. The SECURE Act 2.0 was passed in January, and it is still confusing to most people. Today we're going to talk about five times the SECURE Act could impact you, whether you're working, retired, or planning for your legacy. Intriguingly, the Secure Act 2.0 has provided more tools and options for retirement planning. However, i…
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Send us a Text Message. Are you confused about the four different parts of Medicare and what they each do? Do you have questions about when to enroll? Medicare is a critical component of your retirement plan, and understanding its intricacies is essential. In today’s episode, we break down the ins and outs of Medicare and help you understand the ba…
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Send us a Text Message. Are you contemplating retirement but unsure if it’s the right time? Retiring is a big decision, and the idea of this significant life change can feel intimidating. Many worry about whether they've saved enough, how long their retirement savings will last, and what unexpected events might impact their retirement. Listen in as…
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Send us a Text Message. Do you have a well thought out written plan that connects your family values with your resources and ensures you can live the retirement you want to live while leaving the legacy you want to leave. Whether you already have a plan, or you're looking to create a plan, you'll want to know some common mistakes you should avoid. …
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Send us a Text Message. Are you financially prepared for retirement? Many individuals near retirement age find themselves facing uncertainty when it comes to their income plan. In this episode, we explore the importance of a well-constructed retirement income plan and why it's often overlooked. Listen in as Liz shares insights on the complexities o…
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Send us a Text Message. In a digital world filled with evolving cyber threats, protecting your financial well-being has never been more crucial. Following the recent data breach involving the “MOVEIt” software program, Liz and Marc discuss 7 practical ways to shield yourself and your family from the increasingly sophisticated tactics of hackers. Fr…
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Send us a Text Message. Retirement planning often focuses on numbers, and while this is crucial, it's just one part of the equation. A fulfilling retirement is also about having something to retire to - a clear sense of purpose, a social circle, and activities that bring joy and fulfillment. Taking a look at a Kiplinger article, Liz and Marc discus…
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Send us a Text Message. There are plenty of decisions that you’ll make in the retirement planning process that can’t be undone, so you want to make sure that you make the right call. In this episode, Liz and Marc will explain why these decisions are so important and can’t be undone, and provide guidance on making informed choices from the start. Th…
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Send us a Text Message. Celebrate the spirit of July 4th with our latest episode as we tackle the concept of Financial Independence. While the American colonists fought for freedom from British rule, we’re here to discuss what you’re striving to be independent from in your retirement. We’ll unveil the common foes you’ll face on the journey. And goo…
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Send us a Text Message. Are you unsure of when to rebalance and how to do it? In this episode, we’ll uncover the importance of rebalancing your portfolio and discuss everything from frequency to tax implications. Plus, we’ll share a cautionary tale about the consequences of neglecting rebalancing. Discover why rebalancing is crucial for maintaining…
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Send us a Text Message. If you're approaching retirement, you're likely finding that there is much to think about when planning your retirement withdrawal strategy. Today, Liz and Mark talk about 3 common mistakes you should avoid to get the most out of your retirement savings. Join us as we dive into some popular portfolio strategies that are now …
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Send us a Text Message. Beneficiaries play a crucial role in a carefully planned retirement strategy. Although naming beneficiaries may appear straightforward, there are certain aspects of this process that are easy to overlook if you’re not careful. Failing to handle these aspects correctly could cost you and your loved ones dearly in the future, …
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Send us a Text Message. Welcome to part 2 of our talk about this year’s top Social Security myths. In part 1, we talked about the myths surrounding benefits for stay-at-home moms, taxes, and whether the Social Security Administration can really help you make decisions. On today’s show, we’ll talk about when to claim benefits, whether you can work a…
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Send us a Text Message. Have you ever wondered if the Social Security system will run out of money before you retire? Or if claiming benefits as soon as you're eligible is the best decision for your financial future? In this two-part episode, we'll debunk the most common myths about Social Security. Unfortunately, there are a lot of misconceptions …
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Send us a Text Message. If you're planning to leave your wealth to your children and grandchildren, should you also make gifts to them throughout your lifetime? With the Tax Cuts and Jobs Act expiration on the horizon, we’ve had several questions about this recently. Today we’ll talk about some important things you should think about when consideri…
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Send us a Text Message. Whether you’re a beginner or an experienced investor, it’s important to be aware of potential pitfalls that could derail your financial plan. On this episode, we’ll cover some of the top rookie mistakes we see people make and illustrate how to avoid them or how to fix them if you’ve already made some mistakes in your financi…
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Send us a Text Message. Retirement can come with a lot of tax questions and concerns. From understanding the tax implications of withdrawing from your retirement accounts to minimizing taxes on investment income, it can be overwhelming. On today’s episode, we’ll break down the top ten tax questions retirees are asking in 2023. Before you file your …
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Send us a Text Message. Retirement is a big change of pace. So much of your daily routine is built around work, and when that goes away, it can be difficult to figure out how to keep yourself busy with all that free time. In this episode, we’ll discuss the six types of retirees and how they fill their time. Here’s some of what we’ll discuss in this…
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Send us a Text Message. Another year is upon us and it’s a great time to ask yourself 10 questions to assess how ready you are for retirement to kick off 2023. If you’re retiring this year, it’s essential to have some concrete answers to these questions. In this episode, Liz will share this 10-point checklist and explain how each item might impact …
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Send us a Text Message. Did you plan to retire in 2023, but now you’re second guessing if that’s a wise move given the bad year in the stock market in 2022 and an uncertain economy in the months ahead? You’re not alone if you’re reconsidering your original retirement date. On this episode of Retire On Your Best Path, Liz will tell us about how thes…
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Send us a Text Message. Market volatility became the norm in 2022. The question investors are asking now is are we in for more of the same in 2023? In this episode, we’ll talk about the market outlook for the next 12 months, plus share tips on how you can best prepare for potential future volatility. Here’s some of what you’ll learn in this episode…
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Send us a Text Message. Now that Congress just passed the Secure Act 2.0, we wanted to talk about what changes you can expect. Some of these provisions start now while others won’t be implemented for years. Either way, it is good to understand what is happening and keep these changes in mind for the future. Here is some of what you'll learn in this…
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Send us a Text Message. When you think of an estate plan, mansions and luxurious wealth may come to mind. You may be surprised to hear that, really, every person should have an estate plan regardless of their wealth status. In this episode, we will explain how an estate plan is beneficial to everyone, as well as what mistakes to avoid. Listen to th…
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Send us a Text Message. Is the 60-40 portfolio dead? The 60-40 portfolio has been used for many, many, years to diversify a person’s bonds and stock portfolio. Over the last few years, market changes, interest rates, and inflation have had people questioning the rule. So, today we will be taking a look at whether or not we should still be using it …
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Send us a Text Message. Today our goal is to help you gain a better understanding of bonds in retirement. The bond market is a hot mess right now, so we thought it would be a good time to clear up any misunderstandings you may have. In this episode, you will learn the ins and outs of bonds, from their absolute basics to the ways current interest ra…
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Send us a Text Message. What is your number? You know, that number you have had in mind that means retirement is on the horizon? For many people, that number is a million dollars, but that may be outdated thinking. With inflation so high, is a million dollars enough? In this episode, we will discuss what you need to know about choosing your number.…
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Send us a Text Message. You may or not be a football fan, but we’re sure you’ll benefit from learning about the red zone in retirement. In the game of football, the red zone is the last 20 yards before you score. In retirement, the red zone is the last five years before you retire, and the five years after. In this episode, we are going to break do…
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Send us a Text Message. Health Savings Accounts have become increasingly more popular over the last ten years, and rightfully so. They are an excellent resource to have as a retiree and we even joke that an HSA is a “Super Roth” (Spoiler Alert: it’s triple tax-free). In this episode, we will explain the exact tax advantages of an HSA. We will also …
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Send us a Text Message. As we mentioned in our last episode, Roth conversions have become a popular strategy and there are plenty of good reasons to do one. What about the reasons NOT to? In our last episode we went over reasons to do a Roth conversion, but today we will be going over reasons you may not want to do one. There are many tax-related f…
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Send us a Text Message. The Roth conversion is a planning strategy that’s picked up more and more interest in recent years. There are many reasons behind its rise in popularity, and now is a great time to have a discussion with your advisor about whether it might be right for you. No tool is for everyone, but there are plenty of reasons why you’ll …
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Send us a Text Message. You know about the many different types of risk that investors face but there’s one that might have a big impact on whether you run out of money in retirement that you might not know about. What we want to focus on during this episode of the podcast is sequence of return risk, which refers to the uncertainty of the order in …
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Send us a Text Message. You’ve probably heard the concept of risk versus return but have you thought about how risk impacts everything in your retirement? Today we want to discuss why risk isn’t just a key factor in your investing strategy, but it also touches many different aspects of your retirement. We’ll share our view of risk and the approach …
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Send us a Text Message. Before we really hit the ground running into the financial and retirement topics that matter the most, we wanted to spend a few minutes laying the foundation for the podcast. On this first episode, we’ll tell you a little more about our host, Liz Whitteberry, RMA®, CFA®, CIPM®, ChFC®, AIF®. From how she got her start in fina…
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