Tag: Wealth Management

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How Much Money Do I Need To Have To Retire? (Ep. 5)

How Much Money Do I Need To Have To Retire? (Ep. 5)

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Is there a way to know if you’ve saved enough money to retire? 

Very few people actually do the work to figure out if they will have enough money, and then when it comes time to say goodbye to the 9 to 5, they find out that they don’t have enough, and panic ensues.

Let’s make sure you are prepared to retire comfortably!

In this episode, David Koren, MBA, ChFC®, CLU® talks about how to calculate the money you need to retire, the necessary steps of figuring out how much you currently spend, setting a realistic date for your retirement, and estimating potential expenses combined with inflation.

David discusses: 

  • Why you may not spend as much money in retirement as you do now
  • How to adjust your estimated “expense number” for retirement and inflation
  • The different income sources you can use to supplement your retirement savings
  • And more

Resources:

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Will My Money Last Throughout My Retirement? (Ep.4)

Will My Money Last Throughout My Retirement? (Ep.4)

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Will you be able to retire once you turn 75? 

Many people think they’ll have to work longer than they want to so that they continue to have a source of income.

In this episode, David Koren, founder of RVA Wealth Management gives a birds-eye view of determining if your money will last throughout your retirement. Listen as he addresses some of the most commonly asked questions and covers the key considerations you should evaluate in order to prepare for retirement.

David discusses: 

  • How to determine if your money will last throughout retirement
  • The disparity between when people think they will retire and when they actually retire
  • How long to plan for and considerations such as inflation and taxes
  • The importance of considering your lifestyle and understanding your spending habits
  • And more

Resources:

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Personal Finance On Steroids, Part 1: Retirement (Ep. 3)

Personal Finance On Steroids, Part 1: Retirement (Ep. 3)

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Whether you’re 25 or 50, it’s never too early to start thinking about what your dream retirement looks like.

In this episode, David Koren, Founder, Wealth Manager, MBA, ChFC®, CLU® at RVA Wealth kicks off the Personal Finance On Steroids series with a conversation about how you can best plan for your retirement. He explains why it’s important to define your dream retirement before you start planning, how to determine when you can retire, how long you should plan for, and how you can safely withdraw from your investments while enjoying all that retirement has to offer.

Join David as he discusses: 

  • Defining what retirement looks like to you
  • How to determine when you should retire
  • How to safely withdraw money from your investments in retirement
  • What the 4% rule is
  • And more

Resources:

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The Value of a Fiduciary with Caleb Vaughan, CFP® (Ep.2)

The Value of a Fiduciary with Caleb Vaughan, CFP® (Ep.2)

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How can you be sure your financial advisor will keep your best interests in mind when planning your financial future?

In this episode, David Koren is joined by his RVA Wealth Management colleague, Caleb Vaughan, CFP® to discuss their firm’s planning process and how they help clients build their portfolios. Listen in as they highlight the value of a fiduciary advisor, and how to best find the right advisor for you.

Caleb and David discuss: 

  • Why you should interview your advisor (Remember: YOU are hiring THEM!)
  • How to tell if an advisor is right for you and your needs
  • The value a fiduciary brings to your life and financial future
  • Unique strategies that RVA implements to support their client’s financial plans
  • The dangers of “just figuring it out” on your own–why financial advisors are an investment in themselves
  • And more

Resources:

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Connect with Caleb Vaughan, CFP®:

About Caleb Vaughan, CFP®:

Caleb Vaughan is an experienced financial planner at RVA Wealth Management focused on addressing the needs and concerns of families and individuals. David Koren said “Caleb has “really taken our firm to another level.” 

Caleb earned his Bachelor of Science (B.S.), Finance, and CFA & CFP® Tracks from Virginia Tech’s Pamplin College of Business in 2013 making him one of the younger advisors at RVA!

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Get To Know David Koren, MBA, ChFC®, CLU® (Ep. 1)

Get To Know David Koren, MBA, ChFC®, CLU® (Ep. 1)

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Welcome to Unleash Your Retirement, where we give you the confidence you need to pursue your dreams in retirement.

In this inaugural episode, David Koren, MBA, ChFC®, CLU® introduces himself starting with how he got into the financial services industry and his plans for this podcast. David also talks about the type of clients he helps at RVA Wealth Management, why giving back to the community is so important, and how he enjoys his personal time as a family man.

Get to know David as he discusses: 

  • His journey from engineering to the financial services industry
  • What you can expect to learn from the Unleash Your Retirement podcast
  • His number one recommendation to his clients
  • RVA Wealth Management’s investment philosophy
  • And more

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About David Koren: 

David Koren, MBA, ChFC®, CLU® is the Founder and a Wealth Manager at RVA Wealth Management with a Master of Business Administration from Purdue University and a Bachelor of Science degree from Virginia Tech. Holding licenses such as FINRA Series 7 and Series 66, he is well-versed in the realm of securities and state laws. In addition, David is licensed in multiple states for Life, Health, and Annuities. With esteemed designations as a Chartered Financial Consultant® (ChFC®) and a Chartered Life Underwriter® (CLU®), he brings a wealth of expertise and knowledge to his work in the financial industry.

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