Financial Planning – Andrew Marshall Financial, LLC

ChatGPT Retirement Planning Input Table

Andrew Marshall — Thu, 24 Jul 2025 20:14:01 +0000

The table below gives a list of data needed by ChatGPT to do a first-pass at determining if / when you can retire. Use the following link to download a pdf with the inputs listed and a space for you to write in and organize your inputs before uploading to ChatGPT. ChatGPT Retirement Plan Inputs List…

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What are Tax Efficient Withdrawals in Retirement?

Andrew Marshall — Wed, 12 Jul 2023 23:23:49 +0000

The definition of tax efficient withdrawals in retirement means correctly managing which account type your investments are in, when to pull from these accounts, and whether you should convert some of your tax-deferred accounts to Roth IRAs to reduce your overall tax burden. Making tax efficient withdrawals after you have retired comes down to the differences between how each account type is…

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Actual Numbers for Social Security Income Amounts at 62, 67, and 70

Andrew Marshall — Tue, 23 May 2023 00:37:20 +0000

You’ve probably heard or read that you should wait until age 70 before claiming Social Security. In this blog, I’m going to show you actual numbers, so that you can see just how much of a difference delaying Social Security can make. The details of our scenario are Diane is turning 62 in November and retiring. She is single and has never been married. This keeps the scenario simple because…

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Withdrawal Planning to Avoid the Widow’s Penalty

Andrew Marshall — Fri, 04 Feb 2022 16:39:22 +0000

I recently spent four days at a tax training seminar for financial advisors. There were many impactful topics covered in the lessons. One of those, which I will cover in this blog post, is referred to as the widow’s (or widower’s) penalty. When one spouse dies, the remaining spouse is allowed to file their taxes as married filing jointly (MFJ) one final time in the year of their wife’s or…

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How Coronavirus Lockdowns Help You Develop a Safety-first Retirement

Andrew Marshall — Mon, 05 Oct 2020 19:07:10 +0000

Looking for something good to take away from the forced economic shutdown from Coronavirus-19? Although the shutdown crimped our lifestyle, it has had the benefit of forcing us to discover our minimal required spending. No travel, no eating out, no shopping, and no activities with friends leaves only necessities to spend money on. Knowing how much you pay each month for necessities…

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Lessons From the Covid-19 Stimulus & How to Apply Them

Andrew Marshall — Thu, 01 Oct 2020 22:27:12 +0000

This post is a reprint of our newsletter sent to subscribers in June 2020. Stock market When the next massive event threatens the stock market, you should feel some comfort knowing that the government will step in and do everything it can to keep the stock market up. After all, our capitalistic society relies on the stock market. Every working person’s retirement account…

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Newsletter Reprint March 2020

Andrew Marshall — Thu, 25 Jun 2020 20:31:11 +0000

The following newsletter was originally sent to email subscribers on March 27, 2020. If you would like to receive my email newsletter once per quarter, please sign up here: Hello, I hope you are all doing well, you and your family are healthy, and you are staying sane in these strange times. It has been difficult to believe the virus is as bad as we are told. Walking around Carlsbad…

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Long Term Care Insurance Protects Healthy Spouse’s Lifestyle

Andrew Marshall — Tue, 14 Apr 2020 20:24:55 +0000

In February, I attended two days of insurance training in Clearwater Beach, Florida. I don’t sell insurance, but part of creating a comprehensive financial plan is understanding if clients are fully covered by their various policies. Two training sessions were on long term care insurance policies (LTCi). I came away from the sessions with an understanding of the risk a couple is taking by…

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Transitioning Into Retirement

Andrew Marshall — Fri, 03 Apr 2020 00:45:25 +0000

Andrew Marshall Financial, LLC can help you plan your retirement, so you are able to make a smooth transition.

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Six Retirement Risks

Andrew Marshall — Sun, 15 Dec 2019 16:57:54 +0000

Christine Benz is very well known in retirement planning circles due to her work at Morningstar where she does retirement research on portfolio planning topics. She gave a talk to the American Association of Individual Investors (AAII) San Diego group in November 2019. Since I have read many of Christine Benz’s articles on the Morningstar.com website, and the topic of her talk was obviously…

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