There are times when moving your money isn’t just a good idea, it’s necessary. Figuring out *when can help you protect your investments, reduce your taxes, and stay aligned with your long-term goals. In this video, Peter with Richon Planning and Erin Kennedy detail the 8 moments you should move your money. They are:

-Rebalancing

-Roth conversions

-Age 59 1/2, the in-service distribution

-Leaving a job

-Fees are too high

-Under performing

-Your time horizon has changed

-Consolidating accounts

Ready to take action? Download “The Countdown to Retirement”—a guide that challenges conventional wisdom and helps you craft a plan that safeguards your lifestyle, comfort, and peace of mind. And don't forget to check out the other videos in this special series, as we Countdown to Retirement! Visit www.RichonPlanning.com, or call Peter at (919) 300-5886. 📚

‎As of April , about 60,000 people have been laid off or fired, including thousands more at U.S. health agencies. With the markets rattled and a potential recession on the way, a lot of people are worried about their job right now. In this video, Peter with Richon Planning and Erin Kennedy outline 4 action steps you should take if you've been laid off, or if you're concerned you might be:

File for Unemployment

Update Your Resume

Review Your Severance, Final Paycheck, and Unpaid PTO Review Your 401(k) and other Retirement Accounts

If you've been affected by these layoffs, please reach out to your support system and consider speaking with a financial advisor who can help guide you through this time and suggest the best next steps. If you'd like to speak with Peter about how this could affect your savings and your financial goals, please call (919) 300-5886 or visit www.RichonPlanning.com

New rules for Required Minimum Distributions could catch retirees off guard—especially if you're turning 73 this year. One key headline: RMDs now have to be the first money out of your account. From stricter timing requirements to steeper penalties, the IRS is cracking down. In this video, Peter with Richon Planning talks through the new rules with Erin Kennedy, including:

-What “first money out” means for your accounts and rollovers

-Why QCD timing is more important than ever

-The costly mistake 73-year-olds need to avoid

If you'd like to make sure you’re ready for these 2025 changes, or if you'd like to discuss other strategies to minimize the tax burden that comes with Required Minimum Distributions, please give Peter a call at (919) 300-5886 or visit www.RichonPlanning.com

When it comes to retirement, saving enough is only part of the equation. You also need to plan for the risks that could derail your financial future. In this video, Peter with Richon Planning and Erin Kennedy break down the 9 Critical Risks You Need to Plan For:

✅ Sequence Risk – How market downturns early in retirement can deplete your savings.

✅ Legislative Risk – The impact of changing laws and policies.

✅ Withdrawal Rate Risk – Is the 4% rule still relevant?

✅ Healthcare Costs & Long-Term Care – Likely your biggest expense.

✅ Spousal Income Changes – How losing a spouse affects income.

✅ Market Volatility – The impact of timing and market swings.

✅ Taxation – Strategies to keep more of what you’ve saved.

✅ Inflation – The silent threat that erodes purchasing power.

✅ Longevity – How living longer amplifies all these risks.

Ready to take the next step? Download “The Countdown to Retirement”—a comprehensive guide that encourages you to rethink conventional wisdom and consider planning strategies that protect your lifestyle, comfort, and peace of mind. Head to www.RichonPlanning.com, or call Peter at (919) 300-5886.

Recently, stocks closed out their worst quarter since 2022. The S&P 500 and the Nasdaq logged their worst performance since Russia’s invasion of Ukraine. While these headlines can be upsetting, as Peter with Richon Planning explains to Erin Kennedy, the market downturn can also provide some very specific opportunities for smart investors, including:

Put Your Cash to Work – Lower valuations let you buy quality investments at a discount for long-term gains.

Consider Tax Loss Harvesting – Selling at a loss can offset taxes now or in the future, turning dips into tax savings.

Roth Conversions – Converting in a down market means paying less tax now and maximizing future tax-free growth.

If you'd like to learn how to take advantage of this market downturn, please feel free to give Peter a call at (919) 300-5886 or visit www.RichonPlanning.com

The “retirement red zone” is the 5 years before and after retirement—a critical time when your decisions about investments, income, and risk can have a lasting impact on your retirement security. In this video, Peter with Richon Planning and Erin Kennedy zero in on the 10 Steps to Prepare for Retirement:

✅ Define Your Budget – Why knowing what you’ll spend is the foundation of your plan.

✅ Define Your Sources of Guaranteed Income – Create a predictable income stream.

✅ Define Your Income Gap – Identify how much more you’ll need to cover expenses.

✅ Strategize on Social Security – One of the biggest decisions you’ll make in retirement.

✅ Formulate an Income Plan – Bridge the gap between income and expenses.

✅ Understand Your Risk Exposure – How much risk is too much as you approach retirement? ✅ Consider Taxes – Plan ahead for what may be one of your biggest expenses.

✅ Consolidate “Like-Qualified” Accounts – Simplify your retirement portfolio.

✅ Consider Inflation – Protect your purchasing power over time.

✅ Review & Update Your Legal Documents – Why this final step is crucial for protecting your wishes.

Ready to take action? Download “The Countdown to Retirement”—a guide that challenges conventional wisdom and helps you craft a plan that safeguards your lifestyle, comfort, and peace of mind. Visit www.RichonPlanning.com, or call Peter at (919) 300-5886. 📚

Once people retire, their spending habits often change. Housing, healthcare, and groceries will still make up a significant part of your budget, however, as Peter with Richon Planning explains to Erin Kennedy since retirement often means more free time, you'll probably be spending more "fun money" on these common expenses:

1. Travel

2. Recreational Vehicles

3. Vacation Home

4. Hobbies

If you'd like to talk with Peter to create a realistic retirement spending plan that accounts for your own unique retirement goals, please call (919) 300-5886 or visit www.RichonPlanning.com