For Your Retirement

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For Your Retirement is a show for those of you who want information that can guide you to and through retirement. FYR is hosted by Robert Lindstrom, CFP, founder of Provision Financial Planning, a Fee-Only financial planning and investment firm in Towson, Maryland.

Robert Lindstrom


    • Feb 23, 2022 LATEST EPISODE
    • monthly NEW EPISODES
    • 16m AVG DURATION
    • 46 EPISODES


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    Latest episodes from For Your Retirement

    Accessing Retirement Before Age 59.5

    Play Episode Listen Later Feb 23, 2022 6:52


    Today we dive into how you can acess your retirement before age 59.5. 

    Charitable Strategies

    Play Episode Listen Later Feb 9, 2022 7:33


    In this episode I discuss some strategies for donating to charity and how it can benefit you when filing your taxes. 

    Retroactive Tax Planning for 2021

    Play Episode Listen Later Jan 27, 2022 7:02


    Learn about some strategies still available to affect your 2021 tax return even though it is 2022, like IRA, HSA and self-employed retirement plan contributions.

    Irreversible Decisions

    Play Episode Listen Later Jan 12, 2022 7:39


    A lot of decisions about financial planning can be changed later, and given the nature of an uncertain future almost certainly will be adjusted.  But there are some decisions that can't be undone, like missing Medicare enrollment, annuities and Roth conversions. Visit Provision Financial Planning. 

    Book Review: The Psychology of Money

    Play Episode Listen Later Dec 29, 2021 4:44


    In this episode we dive into my review of The Psychology of Money by Morgan Housel. 

    After Tax Funds

    Play Episode Listen Later Dec 15, 2021 5:20


    In this episode we discuss after tax funds in IRAs and how they are different from Roth IRA's, and why you should care.

    Social Security Update

    Play Episode Listen Later Dec 1, 2021 6:41


    In this episode we discuss the new 2021 social security update and what it means for your future. 

    Estate Tax

    Play Episode Listen Later Nov 17, 2021 9:56


    ****Please note any changes to the estate exemption are no longer applicable for 2021 planning purposes, as of 11/17/21.  This episode was recorded when there were anticipated changes.  This could still be educational and you should monitor proposed legislation because changes could still happen in the future, but action items with deadlines no longer apply as of 11/17/21. ****   Listen in to hear how the estate exemption works and what sort of options may be available to you if you ever need to worry about estate tax in the future.

    Open Enrollment

    Play Episode Listen Later Nov 3, 2021 7:34


    This episode covers those decisions you have to make around open enrollment.  Listen in as we discuss group life insurance, group disability, FSAs and more. Interested in learning more? Visit http://provisionfinancialplanning.com/

    What To Know When Retiring Early

    Play Episode Listen Later Oct 20, 2021 20:56


    In addition to all the "normal" retirement planning considerations, there are several areas that require special attention when retiring early (mainly before 65, but really any time before 70).

    IRAs vs. 401ks

    Play Episode Listen Later Oct 6, 2021 10:56


    There are many similarities between these two accounts, which makes the differences that much more important.  Learn some of these differences which can help you make the best decision for you.

    Proposed Tax Changes

    Play Episode Listen Later Sep 22, 2021 17:14


    I go through some of the highlights of the latest tax proposals in Congress.

    Self-Employed Retirement Plans

    Play Episode Listen Later Sep 8, 2021 13:37


    This "flowchart" style episode will help you determine which retirement plan is right for you, and why a Solo-401k provides a lot of benefits to high-income self-employed individuals without employees.

    Life, Disability and Long Term Care Insurances

    Play Episode Listen Later Aug 25, 2021 31:04


    Today, Max Raimer joins the conversation about what types of insurances you should be looking at.

    Permanent Life Insurance

    Play Episode Listen Later Aug 11, 2021 16:03


    Today we dive into permanent life insurance and what consumers should be aware of before purchasing. 

    Inflation

    Play Episode Listen Later Jul 28, 2021 11:58


    Inflation has had its share of headlines recently, but listen in to hear why inflation should always be top of mind for long-term investors.

    2021 Tax Planning

    Play Episode Listen Later Jul 14, 2021 28:27


    Join me as we dive into tax planning suggestions for 2021. 

    Investment Fees

    Play Episode Listen Later Jun 30, 2021 18:08


    Today we discuss investment fees.  Some may surprise you!

    Roth Conversions

    Play Episode Listen Later Jun 16, 2021 21:36


    Taxes will be the largest expense in retirement for many of you.  Today we dive into the reason why Roth Conversions are a powerful tool to lower your lifetime taxes. 

    Mortgage Q&A

    Play Episode Listen Later Jun 2, 2021 28:30


    Danny Reedy joins us today to discuss mortgages.  We talk about the current mortgage market but also some unique challenges retirees and self-employed people may face. Danny Reedy's Website

    Commercial Insurance

    Play Episode Listen Later May 19, 2021 26:36


    Special guest Kevin Permison joins us to talk about commercial insurance and how it is different from personal insurance.   Kevin's Contact Info

    Home and Auto Insurance

    Play Episode Listen Later May 5, 2021 32:57


    Listen in to my conversation with Dan Francis about home, auto and liability insurance, including common mistakes and what specifically retirees should be thinking about.   Reach Dan at dfrancis@aigmd.com or 410-513-8356.    

    Social Security

    Play Episode Listen Later Apr 21, 2021 21:29


    This week we discuss the past, present and future of social security. 

    Estate Attorney Q&A

    Play Episode Listen Later Apr 7, 2021 25:30


    Estate Attorney Matt Penater joins us for a conversation around estate planning. The Penater Law Firm

    IRA Mistakes To Avoid

    Play Episode Listen Later Mar 24, 2021 15:23


    IRA's are becoming more and more common and unfortunately some of the mistakes are irreversible. It's important to know the common mistakes and how to avoid them. 

    Investment Philosophy

    Play Episode Listen Later Mar 10, 2021 22:55


    Financial writer Allan Roth likes to say that "investing is simple, but not easy", and I couldn't agree more. In this episode, we dive into why investments are extremely important, but not as important as people think.

    Solo 401k

    Play Episode Listen Later Feb 24, 2021 18:24


    Solopreneurs, this one is for you! More and more people are becoming solopreneurs now, so listen in to learn the potential benefits of a Solo 401k!   The Surprising Benefits of Working Longer   

    Redistributing Retirement - Part 2

    Play Episode Listen Later Feb 10, 2021 15:42


    What if you could "pull" forward some of the things you are looking forward to about retirement?  In Part 2, we discuss some financial planning implications of redistributing retirement.  

    Redistributing Retirement - Part 1

    Play Episode Listen Later Jan 27, 2021 19:14


    What if you could "pull" forward some of the things you are looking forward to about retirement?  In Part 1, we discuss what it means to redistribute retirement and some ways to do it.   Bucket List Worksheet Parable of the Mexican Fisherman 8,000 Days Article Redistribute Retirement Article  

    Financial Planning and Divorce

    Play Episode Listen Later Jan 13, 2021 11:25


    We discuss the various financial planning strategies that should be considered if you have been divorced at some point or are currently going through a divorce.  Topics covered include taxes, insurance, estate planning and retirement accounts.   Financial Planning When Retiring Solo 12 Challenges Women Face in Retirement Read Retirement Planning and Divorce

    Financial Planning for Widows and Widowers

    Play Episode Listen Later Dec 30, 2020 13:15


    Financial planning is one of the last things someone wants to be thinking about when they lose a spouse.  Combining that with the decisions that have to be made is a recipe for poor decision making.  Luckily, not all decisions have to be made right away, and this episode will go through some the more important decisions and review some common mistakes.   Listen to "12 Challenges Women Face in Retirement" Listen to "Retirement Planning When Retiring Solo" Read "Retirement Planning for Widows and Widowers"

    What is Estate Planning and How to Talk About It

    Play Episode Listen Later Dec 15, 2020 23:10


    Estate planning isn't just for the wealthy, and it is more than a set of documents (although it is still both of those things).  Estate planning allows you to decide ahead of time how you want your assets distributed when you die, lessen the administrative burden for your surviving family members and, if you want to, provide a legacy beyond just a pile of money.   Listen to Year End Financial Planning Strategies Download Checklist for Aging Parents Free Advance Directives in Your State

    Moving States in Retirement

    Play Episode Listen Later Dec 2, 2020 12:25


    Should you move to a different state in retirement?  While there can be some good financial reasons to do so, including cost of living and taxes, the actual decision involves much more like family, healthcare, social network and lifestyle.  Be sure to listen to the end so you learn about the importance of domicile. Lower Your Taxes in Retirement

    Year-End Planning Strategies

    Play Episode Listen Later Nov 10, 2020 29:15


    Join us as we discuss the various financial planning strategies that should be considered as we approach the end of the year.  There are some strategies that apply every year, whether we have an election or not.  We also discuss some potential ramifications from the election outcome, and why you may want to wait and see how the senate race plays out.  We'll also be hosting "office hours" on these topics on December 2, so be sure to sign up at the links below.   Office Hours on 12/2 at Noon Office Hours on 12/2 at 5:30pm

    Financial Planning For Solopreneurs

    Play Episode Listen Later Nov 4, 2020 11:23


    Solopreneurs are self-employed without employees.  This unique income arrangement comes with some unique challenges and opportunities, including one of Robert's favorite planning tools: The Solo-401k. Read the Guest Post

    12 Challenges Women Face In Retirement

    Play Episode Listen Later Oct 21, 2020 13:20


    Join us as Robert talks through an article that is an excerpt from a book by Larry Swedroe, a prolific financial author.  Women are statistically more likely to retire in poverty and Larry points out several reasons for this, including the wage gap, women living longer, working fewer years, more conservative investors, not satisfied with current financial industry, more likely to bear the physical, emotional and financial brunt of caring for family, and more likely to die single, divorced or widowed.   The Unique Retirement Issues Facing Women 75 Must-Know Statistics About Women and Retirement 9 Mistakes To Avoid Retiring Solo Financial Planning and Divorce Retirement Planning For Widows and Widowers  

    Important Ages in Retirement Planning

    Play Episode Listen Later Oct 7, 2020 14:30


    Retirement planning often revolves around specific ages.  Beginning with 50, there are several specific issues you need to be aware of as you turn certain ages.  We walk through those in this episode and discuss the planning opportunities associated with each. Blog on same topic: https://provisionfinancialplanning.com/retirement-planning-important-ages/ Lower Your Taxes in Retirement 9 Mistakes to Avoid When Retiring Solo

    Risks in Retirement - Part 2 (Ep. 9)

    Play Episode Listen Later Sep 23, 2020 20:04


    The American College of Financial Services has published 18 risks you face in retirement.  In Part 2, we discuss the risks associated with aging, public policy risk, and more.  The takeaway: You often get to choose the risks you want to mitigate, but it usually means taking on a different risk. 9 Mistakes to Avoid When Retiring Solo Lowering Taxes in Retirement The American College of Financial Services

    Risks in Retirement - Part 1 (Ep. 8)

    Play Episode Listen Later Sep 9, 2020 15:16


    The American College of Financial Services has published the 18 risks you face in retirement.  In Part 1, we discuss longevity risk, sequence of retirement risk, market risk, interest rate risk and more. The takeaway: You often get to choose the risks you want to mitigate, and which ones you're okay with. American College of Financial Services

    Retirement and VUCA (Ep. 7)

    Play Episode Listen Later Aug 26, 2020 9:38


    Retirement planning, and retirement itself, often involves volatility, uncertainty, complexity and ambiguity.  These make up the acronym VUCA, which is a framework that is gaining popularity with the pandemic.  Originating out of the US War College and applied to corporate America, I attempt to discuss the framework in the context of retirement.

    Reducing Taxes in Retirement (Ep. 6)

    Play Episode Listen Later Aug 12, 2020 19:50


    Tax planning in retirement can mean a few different things.  Taxes will be the largest expense in retirement for many of you.  There are some simple strategies that can have a concrete impact on your taxes, but there are also multi-year strategies that require projections and a little bit of art.  These can also be the most impactful, like Roth conversions.  Be sure to download the pdf below for more information. Download Lowering Taxes In Retirement Schedule a 15-minute Fit Meeting to discuss your taxes. Retirement Planning for Widows and Widowers

    Retirement and the SECURE Act, Plus Money Scripts (Ep. 5)

    Play Episode Listen Later Jul 29, 2020 14:42


    Retirement Planning with the new SECURE Act and money scripts are discussed.  The SECURE Act made changes to RMDs, QCDs, inherited accounts and contributions.  The pandemic reached the US a few short months after passage, so most people haven't had a chance to incorporate these changes into their plan.  Money scripts include money worship, money status, money vigilance and money avoidance.  We usually have a little of each in our lives but going to the extreme in any one could have an impact on your money. Learn more about money scripts

    What Retirees Should Know About the CARES Act (Ep. 4)

    Play Episode Listen Later Jul 15, 2020 7:21


    Retirement planning has been affected by The CARES Act, which was passed by Congress in response to the COVID-19 pandemic.  While there were many provisions, there are some specific examples that apply to people near or in retirement.  No RMDs are required in 2020, and there's a way to undo it.  There are also some tax strategies you should know about in case it can lower your tax bill. Learn more.

    Ep. 3 Retirement Planning When Retiring Solo

    Play Episode Listen Later Jun 24, 2020 17:08


    People retiring single have to think about some areas differently than couples.  In some ways, retirement planning is more simple.  In others, it can be more complicated.  This episode walks you through eight areas the single retiree should be thinking about, including taxes, Social Security, long-term care, Medicare and insurance. 9 Mistakes to Avoid When Retiring Solo Ebook  

    Ep. 2 What does Fee-Only, Fee-based and Fiduciary Mean?

    Play Episode Listen Later Jun 23, 2020 10:52


    The terms Fee-Only, Fee-based and Fiduciary can be confusing.  Complicating matters more, a lot of financial advisors can answer "yes" when asked if they are a fiduciary.  Not as many can answer "yes" if asked if they are a fiduciary at all times. Listen to this episode to learn about the different types of Fiduciaries out there.  You'll also learn the differences in Fee-Only, Fee and Commission, and commission based advisors so you can choose the best type for yourself. View the show notes or visit our homepage.

    Ep. 1 Retirement Planning Case Study

    Play Episode Listen Later Jun 22, 2020 23:54


    The inaugural episode of For Your Retirement walks you through a retirement focused case study.  Financial Planning is more than investment management, even goals-based investment management.  This episode should illustrate what that means.  Areas covered include tax planning, investments, income planning, estate planning, insurance planning, and government benefits optimization. Read the case study

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