The Functional Retirement Podcast

Are you ready to unlock the secrets of Social Security in 2025? Join Thatcher Taylor on the latest episode of the Functional Retirement Podcast as he dives deep into the significant changes that could impact your retirement income. From a 2.5% cost of living adjustment to the groundbreaking Social Security Fairness Act that eliminates the windfall elimination provision, this episode is packed with essential insights for anyone navigating the complexities of Social Security. Whether you're already receiving benefits or planning for the future, Thatcher's engaging and informative style will help you understand how these changes can affect your financial landscape. Don't miss out on this opportunity to empower your retirement strategy!0:10 - Introduction and Podcast Growth1:02 - Podcast Format Changes3:04 - Social Security Changes Overview3:27 - Cost of Living Adjustments (COLA)5:04 - Maximum Taxable Earnings Increase7:08 - Social Security Tax Breakdown9:06 - Earnings Limit for Early Social Security Beneficiaries12:12 - Social Security Fairness Act Introduction15:00 - Windfall Elimination Provision (WEP)16:06 - Government Pension Offset (GPO)18:06 - Medicare Part B Premiums20:22 - Planning and Preparation for Social Security21:15 - Conclusion and Call to Action✅Contact Thatcher at thatcher@propathfinancial.com with comments and questions!Are you over age 50 and need retirement help?Schedule a free consultation https://www.propathfinancial.com/get-startedSubscribe for all things retirement, investment, tax, & estate planning https://www.youtube.com/@functionalretirementJoin The Newsletter For All Wealth Building Tacticshttps://propath.ck.page/60fab1df4d DISCLAIMER: The information provided in these episodes is only to be considered helpful hints and education. Nothing said or shown is to be misconstrued as specific tax, legal, or investment advice. Consult with your tax, legal, or investment professional before acting on anything you see in these videos. ​​Investment Advisory Services are offered through ProPath Financial, a registered investment adviser authorized to do business in states where registered or otherwise exempt from registration. Nothing discussed in this podcast should be viewed as investment advice.

On this episode of the Functional Retirement Podcast, host Thatcher Taylor,  delves into the relationship between taxes and retirement planning. He emphasizes the importance of considering tax implications not just for the current year, but for the entire span of retirement. Thatcher highlights the need to strike a balance between saving now and enjoying the benefits later, cautioning against focusing solely on preserving portfolio value in retirement. Tune in to learn more about optimizing tax savings throughout your retirement journey.Timestamps:02:16 Retirement spending and taxation.06:30 Understanding effective tax rates.08:09 Navigating tax brackets in retirement.12:43 Tax implications of retirement withdrawals.19:17 The tax trap.20:13 Taxes in retirement dynamics.✅Contact Thatcher at thatcher@propathfinancial.com with comments and questions!Are you over age 50 and need retirement help?Schedule a free consultation https://www.propathfinancial.com/get-startedSubscribe for all things retirement, investment, tax, & estate planning https://www.youtube.com/@functionalretirementJoin The Newsletter For All Wealth Building Tacticshttps://propath.ck.page/60fab1df4d DISCLAIMER: The information provided in these episodes is only to be considered helpful hints and education. Nothing said or shown is to be misconstrued as specific tax, legal, or investment advice. Consult with your tax, legal, or investment professional before acting on anything you see in these videos. ​​Investment Advisory Services are offered through ProPath Financial, a registered investment adviser authorized to do business in states where registered or otherwise exempt from registration. Nothing discussed in this podcast should be viewed as investment advice.

"High portfolio variability can lead to sleepless nights for clients, which can then result in poor investment decisions."Exploring the Viability of a 100% Equity Portfolio in RetirementIn the most recent episode of The Functional Retirement Podcast, Thatcher Taylor delves into the concept of maintaining a 100% equity portfolio during retirement. While acknowledging that this approach may not suit everyone, the host suggests that it could be a viable option depending on individual circumstances and risk tolerance. The discussion underscores the importance of comprehending the inherent variability of a portfolio when selecting the most suitable investment strategy for retirees.The episode showcases a real-life client scenario where transitioning from a conservative model to a moderate 60-40 portfolio with increased equity exposure resulted in higher retirement spending while still ensuring a high probability of success. This example illustrates how a shift towards equities can impact income distribution and overall financial outcomes during retirement.Moreover, the episode references Morningstar research indicating that a 100% equity portfolio can lead to larger distributions in retirement but also carries increased risk and the potential for lower assets at the end of life. The research suggests that the optimal asset allocation and distribution strategy depend on factors such as risk tolerance, probability of failure, and desired spending levels.Ultimately, the episode concludes that while a 100% equity portfolio may not be suitable for all retirees, finding the right allocation that balances risk and return based on individual circumstances is crucial. By considering factors like longevity risk, inflation, and market volatility, retirees can tailor their investment approach to effectively meet their financial goals and retirement needs.[00:00:49] Portfolio variability in retirement.[00:05:07] Asset Allocation Adjustment.[00:09:28] Retirement income strategies.[00:15:00] Sustainable withdrawal rates.[00:17:20] Maximizing Portfolio Distributions.[00:21:05] Importance of equities in retirementBlanchett StudyMorningstar✅Contact Thatcher at thatcher@propathfinancial.com with comments and questions!Are you over age 50 and need retirement help?Schedule a free consultation https://www.propathfinancial.com/get-startedSubscribe for all things retirement, investment, tax, & estate planning https://www.youtube.com/@functionalretirementJoin The Newsletter For All Wealth Building Tacticshttps://propath.ck.page/60fab1df4d DISCLAIMER: The information provided in these episodes is only to be considered helpful hints and education. Nothing said or shown is to be misconstrued as specific tax, legal, or investment advice. Consult with your tax, legal, or investment professional before acting on anything you see in these videos. ​​Investment Advisory Services are offered through ProPath Financial, a registered investment adviser authorized to do business in states where registered or otherwise exempt from registration. Nothing discussed in this podcast should be viewed as investment advice.

Naming a trust as the beneficiary of an IRA can be a complex process that often requires guidance from a professional, such as an estate planning attorney. As discussed in the podcast episode, this decision involves various intricate considerations and potential implications that necessitate expert advice to navigate effectively.If you have questions or need further guidance on estate planning and retirement strategies, contact Thatcher Taylor at ProPath Financial or consult an estate planning attorney for personalized advice. Stay tuned for more insightful episodes on retirement planning and financial management.Timestamps:0:38 Naming IRA Beneficiary as Trust.06:05 Inherited IRA distribution rules.10:04 Reasons for using a trust.14:08 Trusts for IRA beneficiaries.18:47 Using a trust as beneficiary.19:29 Retirement planning journey.✅Contact Thatcher at thatcher@propathfinancial.com with comments and questions!Are you over age 50 and need retirement help?Schedule a free consultation https://www.propathfinancial.com/get-startedSubscribe for all things retirement, investment, tax, & estate planning https://www.youtube.com/@functionalretirementJoin The Newsletter For All Wealth Building Tacticshttps://propath.ck.page/60fab1df4d DISCLAIMER: The information provided in these episodes is only to be considered helpful hints and education. Nothing said or shown is to be misconstrued as specific tax, legal, or investment advice. Consult with your tax, legal, or investment professional before acting on anything you see in these videos. ​​Investment Advisory Services are offered through ProPath Financial, a registered investment adviser authorized to do business in states where registered or otherwise exempt from registration. Nothing discussed in this podcast should be viewed as investment advice.

In episode 36 of the Functional Retirement Podcast, host Thatcher delves into retirement withdrawal strategies to potentially increase income. From discussing the challenges of retirement spending to exploring various strategies like the 4% rule, variable spending, buffer assets, insurance and investments, and tax-efficient withdrawals, this episode offers valuable insights for planning a secure retirement.See Referenced Chart Here:https://retirementresearcher.com/dashboard/

In this episode, Thatcher covers options such as Roth conversions, backdoor Roth contributions, non-deductible IRA contributions, taxable brokerage accounts, 401ks, life insurance, annuities, paying off your mortgage, and investing in real estate.If you want to learn more about these options and how to choose the right one for your financial situation, make sure to listen to the full episode. For a detailed list of the alternatives discussed, visit www.propathfinancial.com/post/nine-roth-alternatives.Don't miss out on valuable financial insights and tips. Like, subscribe, and follow the Functional Retirement Podcast on your favorite platform. For personalized financial advice or to ask questions, reach out at Thatcher@propathfinancial.com.Stay tuned for more episodes and remember, financial planning is key to securing your future. Thank you for listening!✅Contact Thatcher at thatcher@propathfinancial.com with comments and questions!Are you over age 50 and need retirement help?Schedule a free consultation https://www.propathfinancial.com/get-startedSubscribe for all things retirement, investment, tax, & estate planning https://www.youtube.com/@functionalretirementJoin The Newsletter For All Wealth Building Tacticshttps://propath.ck.page/60fab1df4d DISCLAIMER: The information provided in these episodes is only to be considered helpful hints and education. Nothing said or shown is to be misconstrued as specific tax, legal, or investment advice. Consult with your tax, legal, or investment professional before acting on anything you see in these videos. ​​Investment Advisory Services are offered through ProPath Financial, a registered investment adviser authorized to do business in states where registered or otherwise exempt from registration. Nothing discussed in this podcast should be viewed as investment advice.

Hey everyone! Thatcher Taylor here, your host of the Functional Retirement Podcast. I am thrilled to announce the release of our latest episode, where we dive deep into the topic of paying $0 in taxes during retirement. In this episode, we explore various strategies and options to reduce your tax burden and potentially achieve a tax-free retirement.If you have any questions or specific topics you'd like Thatcher to address, feel free to comment below or reach out via email. Subscribe for more episodes on financial planning and retirement strategies. Thank you for tuning in!Timestamps:0:59 Ways to reduce taxes in retirement.4:43 Tax implications of social security.10:49 Strategies for minimizing taxes.13:45 Options to reduce income.18:24 Charitable tax strategies.19:27 Planning for 0% tax retirement.✅Contact Thatcher at thatcher@propathfinancial.com with comments and questions!Are you over age 50 and need retirement help?Schedule a free consultation https://www.propathfinancial.com/get-startedSubscribe for all things retirement, investment, tax, & estate planning https://www.youtube.com/@functionalretirementJoin The Newsletter For All Wealth Building Tacticshttps://propath.ck.page/60fab1df4d DISCLAIMER: The information provided in these episodes is only to be considered helpful hints and education. Nothing said or shown is to be misconstrued as specific tax, legal, or investment advice. Consult with your tax, legal, or investment professional before acting on anything you see in these videos. ​​Investment Advisory Services are offered through ProPath Financial, a registered investment adviser authorized to do business in states where registered or otherwise exempt from registration. Nothing discussed in this podcast should be viewed as investment advice.

In this episode of the Functional Retirement Podcast, host Thatcher Taylor delves into the complexities of the Social Security system and the ongoing debate surrounding its future. With insights from the recent trustee's report and a breakdown of key statistics, Thatcher provides a comprehensive overview of the current state of Social Security and potential adjustments that may be necessary.Whether you're nearing retirement age or just starting to plan for the future, this episode offers valuable information to help you make informed decisions about your financial security. Tune in to gain a deeper understanding of the Social Security war and how it may affect your retirement plans. Check out the links below for more information!https://www.ssa.gov/OACT/solvency/provisions/payrolltax_summary.htmlhttps://www.ssa.gov/policy/docs/chartbooks/fast_facts/2023/fast_facts23.html✅Contact Thatcher at thatcher@propathfinancial.com with comments and questions!Are you over age 50 and need retirement help?Schedule a free consultation https://www.propathfinancial.com/get-startedSubscribe for all things retirement, investment, tax, & estate planning https://www.youtube.com/@functionalretirementJoin The Newsletter For All Wealth Building Tacticshttps://propath.ck.page/60fab1df4d DISCLAIMER: The information provided in these episodes is only to be considered helpful hints and education. Nothing said or shown is to be misconstrued as specific tax, legal, or investment advice. Consult with your tax, legal, or investment professional before acting on anything you see in these videos. ​​Investment Advisory Services are offered through ProPath Financial, a registered investment adviser authorized to do business in states where registered or otherwise exempt from registration. Nothing discussed in this podcast should be viewed as investment advice.

Hey everyone!

In this episode of the Functional Retirement Podcast, certified financial planner Thatcher Taylor dives into the topic of getting tax-free income in retirement through a backdoor Roth conversion. He breaks down the technique and discusses whether it makes sense for your financial situation.Throughout the episode, Thatcher delves into the specific elements of the backdoor Roth conversion, including income limits for Roth IRA contributions, the conversion process, the pro rata rule, and the necessary reporting forms. He also discusses the importance of evaluating your tax situation to determine if a backdoor Roth conversion is the right strategy for you.Don't miss out on this valuable information that can help you maximize your retirement income and achieve your financial goals. Tune in now and start planning for a tax-free retirement!✅Contact Thatcher at thatcher@propathfinancial.com with comments and questions!Are you over age 50 and need retirement help?Schedule a free consultation https://www.propathfinancial.com/get-startedSubscribe for all things retirement, investment, tax, & estate planning https://www.youtube.com/@functionalretirementJoin The Newsletter For All Wealth Building Tacticshttps://propath.ck.page/60fab1df4d DISCLAIMER: The information provided in these episodes is only to be considered helpful hints and education. Nothing said or shown is to be misconstrued as specific tax, legal, or investment advice. Consult with your tax, legal, or investment professional before acting on anything you see in these videos. ​​Investment Advisory Services are offered through ProPath Financial, a registered investment adviser authorized to do business in states where registered or otherwise exempt from registration. Nothing discussed in this podcast should be viewed as investment advice.

In this episode of the Functional Retirement Podcast, host Thatcher Taylor delves into the rules surrounding spousal benefits and two specific strategies for maximizing them in retirement. He explains the scenarios of a spouse taking the spousal benefit early and switching to their benefit later, as well as a spouse taking their benefit early and later taking the spousal benefit. Thatcher emphasizes the importance of understanding these strategies to potentially gain thousands of dollars in retirement. Please note that the host is currently recovering from surgery, hence the unusual background.www.propathfinancial.com/post/spousalbenefits

In this episode of the Functional Retirement Podcast, host Thatcher Taylor dives into the topic of whether or not Social Security and Medicare are ready for you. With five key topics of discussion, including customer service, disability, cost of living adjustments, inherited IRAs, and reverse mortgages. Thatcher breaks down the complexities and potential operational difficulties that could arise when making decisions about social security and Medicare. Don't miss out on this informative episode that will help you navigate the complexities of retirement planning.✅Contact Thatcher at thatcher@propathfinancial.com with comments and questions!Are you over age 50 and need retirement help?Schedule a free consultation https://www.propathfinancial.com/get-startedSubscribe for all things retirement, investment, tax, & estate planning https://www.youtube.com/@functionalretirementJoin The Newsletter For All Wealth Building Tacticshttps://propath.ck.page/60fab1df4d DISCLAIMER: The information provided in these episodes is only to be considered helpful hints and education. Nothing said or shown is to be misconstrued as specific tax, legal, or investment advice. Consult with your tax, legal, or investment professional before acting on anything you see in these videos. ​​Investment Advisory Services are offered through ProPath Financial, a registered investment adviser authorized to do business in states where registered or otherwise exempt from registration. Nothing discussed in this podcast should be viewed as investment advice.

In this episode of the Functional Retirement Podcast, host Thatcher Taylor dives into the 10 rules of investing.  He shares his thoughts on each rule and whether he agrees or disagrees as a financial planner. But the real highlight of this episode is when Thatcher delves into the topic of investment management based on retirement income distribution strategies. He breaks down different types of retirement investors and how their strategies may vary. Whether you're a risk-taker or prefer a more conservative approach, Thatcher offers valuable insights to help you make informed investment decisions. Tune in now to gain a deeper understanding of investing and how it can support your retirement goals. ✅Don't forget to like, subscribe, and leave a comment with your thoughts on investment strategy.✅Are you over age 50 and need retirement help?

Retirement shouldn't be a mystery. But at 62, the question looms: tap into Social Security early or dive into your IRA? This episode is your ultimate decoder ring, cracking the code on this crucial decision.Dive deep with us as we explore:IRMAA surcharges: Don't let these tax penalties blindside you! Learn how to navigate them and keep your retirement nest egg secure.Taxation tango: Understand the tax implications of both options and plan your withdrawals like a pro.Bigger benefits: Tempting, right? We break down the trade-off of claiming Social Security early and the potential long-term impact.COLAs: Cost-of-living adjustments can be your retirement hero. Discover how they work and maximize their benefits.Health matters: Don't forget your well-being! We discuss potential health insurance considerations when making this key decision.And much more! From bridges to Roth conversions, we leave no retirement stone unturned.Whether you're an early bird or a nest egg nestler, this episode is your roadmap to a confident and financially secure retirement. So, grab your headphones, pop the kettle on, and join us for this essential retirement planning masterclass!Don't wait, tune in now and unlock the door to your golden years!✅Contact Thatcher at thatcher@propathfinancial.com with comments and questions!Are you over age 50 and need retirement help?Schedule a free consultation https://www.propathfinancial.com/get-startedSubscribe for all things retirement, investment, tax, & estate planning https://www.youtube.com/@functionalretirementJoin The Newsletter For All Wealth Building Tacticshttps://propath.ck.page/60fab1df4d DISCLAIMER: The information provided in these episodes is only to be considered helpful hints and education. Nothing said or shown is to be misconstrued as specific tax, legal, or investment advice. Consult with your tax, legal, or investment professional before acting on anything you see in these videos. ​​Investment Advisory Services are offered through ProPath Financial, a registered investment adviser authorized to do business in states where registered or otherwise exempt from registration. Nothing discussed in this podcast should be viewed as investment advice.

Do you have a fat retirement nest egg... and a tiny spending fist? You're not alone! Many retirees are frozen by fear, hesitant to spend their hard-earned cash. But it's time to break free! This episode is your guide to overcoming spending anxiety and unlocking a more joy-filled retirement. Discover:Why you might be a "tightwad" in retirement (even if you weren't before!)The difference between "maximizers" and "satisficers" and how it impacts your spending.Strategies for finding YOUR perfect middle ground between frugality and extravagance.Tips for overcoming guilt and embracing guilt-free spending.✅Don't forget to leave a review and subscribe for more informative content✅✅Contact Thatcher at thatcher@propathfinancial.com with comments and questions!Are you over age 50 and need retirement help?Schedule a free consultation https://www.propathfinancial.com/get-startedSubscribe for all things retirement, investment, tax, & estate planning https://www.youtube.com/@functionalretirementJoin The Newsletter For All Wealth Building Tacticshttps://propath.ck.page/60fab1df4d DISCLAIMER: The information provided in these episodes is only to be considered helpful hints and education. Nothing said or shown is to be misconstrued as specific tax, legal, or investment advice. Consult with your tax, legal, or investment professional before acting on anything you see in these videos. ​​Investment Advisory Services are offered through ProPath Financial, a registered investment adviser authorized to do business in states where registered or otherwise exempt from registration. Nothing discussed in this podcast should be viewed as investment advice.

In this episode, Taylor had the pleasure of interviewing the incredible Kelly Augsberger, an industry professional in the field of long-term care planning. She shared her expertise and provided us with some invaluable advice on how to make progress in our lives, whether it's related to long-term care or not.I hope you enjoy this episode as much as I did! Let's continue to learn, grow, and make progress in our lives together. ✅Don't forget to leave a review and subscribe for more informative content!!✅✅Contact Thatcher at thatcher@propathfinancial.com with comments and questions!Are you over age 50 and need retirement help?Schedule a free consultation https://www.propathfinancial.com/get-startedSubscribe for all things retirement, investment, tax, & estate planning https://www.youtube.com/@functionalretirementJoin The Newsletter For All Wealth Building Tacticshttps://propath.ck.page/60fab1df4d DISCLAIMER: The information provided in these episodes is only to be considered helpful hints and education. Nothing said or shown is to be misconstrued as specific tax, legal, or investment advice. Consult with your tax, legal, or investment professional before acting on anything you see in these videos. ​​Investment Advisory Services are offered through ProPath Financial, a registered investment adviser authorized to do business in states where registered or otherwise exempt from registration. Nothing discussed in this podcast should be viewed as investment advice.

In this episode of the Functional Retirement Podcast, host Thatcher Taylor takes on the role of a Myth Buster as he dives into five common myths about the stock market. Thatcher debunks these myths and provides examples to support his claims. Whether you're a traditional wealth builder, pre-retiree, or retiree, this episode is packed with valuable insights to help you navigate the stock market with confidence. Don't miss out on this opportunity to gain a better understanding of investing and achieving your financial goals. ✅Be sure to like, subscribe, submit a question, or leave a review to support the growth of the podcast. ✅✅Contact Thatcher at thatcher@propathfinancial.com with comments and questions!Are you over age 50 and need retirement help?Schedule a free consultation https://www.propathfinancial.com/get-startedSubscribe for all things retirement, investment, tax, & estate planning https://www.youtube.com/@functionalretirementJoin The Newsletter For All Wealth Building Tacticshttps://propath.ck.page/60fab1df4d DISCLAIMER: The information provided in these episodes is only to be considered helpful hints and education. Nothing said or shown is to be misconstrued as specific tax, legal, or investment advice. Consult with your tax, legal, or investment professional before acting on anything you see in these videos. ​​Investment Advisory Services are offered through ProPath Financial, a registered investment adviser authorized to do business in states where registered or otherwise exempt from registration. Nothing discussed in this podcast should be viewed as investment advice.

In this episode of the Functional Retirement Podcast, host Thatcher Taylor dives into the importance of having just enough cash to buy assets and grow wealth. He discusses the difference between an emergency fund and a sinking fund, and provides valuable insights on how to assess and fix an underfunded emergency fund. Join us as we explore the significance of cash in achieving a fulfilling retirement. ✅Don't forget to leave a review and subscribe for more informative content!✅✅Contact Thatcher at thatcher@propathfinancial.com with comments and questions!Are you over age 50 and need retirement help?Schedule a free consultation https://www.propathfinancial.com/get-startedSubscribe for all things retirement, investment, tax, & estate planning https://www.youtube.com/@functionalretirementJoin The Newsletter For All Wealth Building Tacticshttps://propath.ck.page/60fab1df4d DISCLAIMER: The information provided in these episodes is only to be considered helpful hints and education. Nothing said or shown is to be misconstrued as specific tax, legal, or investment advice. Consult with your tax, legal, or investment professional before acting on anything you see in these videos. ​​Investment Advisory Services are offered through ProPath Financial, a registered investment adviser authorized to do business in states where registered or otherwise exempt from registration. Nothing discussed in this podcast should be viewed as investment advice.

In this episode of the Functional Retirement Podcast, host Thatcher Taylor welcomes special guest Roger Whitney, the retirement answer man. With over 25 years of experience as a financial planner and the host of a top retirement podcast, Roger shares his insights on taking control and being optimistic about the future. They discuss the pursuit of happiness, the importance of a positive mindset, and the connection between wealth and health in retirement. Don't miss this informative and inspiring conversation with one of the most influential advisors in the industry.Find Roger:https://www.rogerwhitney.com/✅Contact Thatcher at thatcher@propathfinancial.com with comments and questions!Are you over age 50 and need retirement help?Schedule a free consultation https://www.propathfinancial.com/get-startedSubscribe for all things retirement, investment, tax, & estate planning https://www.youtube.com/@functionalretirementJoin The Newsletter For All Wealth Building Tacticshttps://propath.ck.page/60fab1df4d DISCLAIMER: The information provided in these episodes is only to be considered helpful hints and education. Nothing said or shown is to be misconstrued as specific tax, legal, or investment advice. Consult with your tax, legal, or investment professional before acting on anything you see in these videos. ​​Investment Advisory Services are offered through ProPath Financial, a registered investment adviser authorized to do business in states where registered or otherwise exempt from registration. Nothing discussed in this podcast should be viewed as investment advice.

In this episode, we tackle a fascinating listener question that delves into the world of Roth conversions and the potential tax savings they can bring. We explore the strategy behind Roth conversions and how understanding the difference between future and current taxation is crucial before implementing them. It may sound technical, but trust me, it's worth it!Thank you all for your continued support and for tuning in to the Functional Retirement Podcast. Your engagement, questions, and reviews help us grow and reach more people who can benefit from our insights.Please leave a 5 star review now!✅Contact Thatcher at thatcher@propathfinancial.com with comments and questions!Are you over age 50 and need retirement help?Schedule a free consultation https://www.propathfinancial.com/get-startedSubscribe for all things retirement, investment, tax, & estate planning https://www.youtube.com/@functionalretirementJoin The Newsletter For All Wealth Building Tacticshttps://propath.ck.page/60fab1df4d DISCLAIMER: The information provided in these episodes is only to be considered helpful hints and education. Nothing said or shown is to be misconstrued as specific tax, legal, or investment advice. Consult with your tax, legal, or investment professional before acting on anything you see in these videos. ​​Investment Advisory Services are offered through ProPath Financial, a registered investment adviser authorized to do business in states where registered or otherwise exempt from registration. Nothing discussed in this podcast should be viewed as investment advice.

In this episode of the Functional Retirement Podcast, host Thatcher Taylor dives into year-end planning and shares some valuable insights and recommendations. From discussing comprehensive planning as a certified financial planner to exploring the impact of a book called "The War of Art" by Steven Pressfield, Thatcher provides valuable information to help you navigate your financial journey. Whether you're looking for a one-time plan or ongoing assistance, Thatcher has you covered. Don't miss out on this episode filled with valuable tips and advice. Year-end planning for retirement is an essential aspect of financial management that individuals need to consider as they approach the end of the year. This podcast provides valuable insights into various topics related to year-end planning for retirement, including required minimum distributions, qualified charitable distributions, net unrealized appreciation, and Roth conversions.Plus, Thatcher shares a special announcement about a free consultation and a book recommendation that will add massive value to your life. Tune in now and get ready to live your wealth!✅Contact Thatcher at thatcher@propathfinancial.com with comments and questions!Are you over age 50 and need retirement help?Schedule a free consultation https://www.propathfinancial.com/get-startedSubscribe for all things retirement, investment, tax, & estate planning https://www.youtube.com/@functionalretirementJoin The Newsletter For All Wealth Building Tacticshttps://propath.ck.page/60fab1df4d DISCLAIMER: The information provided in these episodes is only to be considered helpful hints and education. Nothing said or shown is to be misconstrued as specific tax, legal, or investment advice. Consult with your tax, legal, or investment professional before acting on anything you see in these videos. ​​Investment Advisory Services are offered through ProPath Financial, a registered investment adviser authorized to do business in states where registered or otherwise exempt from registration. Nothing discussed in this podcast should be viewed as investment advice.

In this episode of the Functional Retirement Podcast, host and owner of ProPath Financial, Thatcher Taylor, dives into the world of annuities. He starts off by expressing his gratitude for the support from the community and encourages listeners to share their thoughts and questions. Thatcher then breaks down what annuities are and emphasizes that no two types are the same. He also discusses the importance of choosing the right investments and managing fees. Join us for this informative episode and don't forget to like, subscribe, and leave a review on your favorite podcast platform.✅Contact Thatcher at thatcher@propathfinancial.com with comments and questions!Are you over age 50 and need retirement help?Schedule a free consultation https://www.propathfinancial.com/get-startedSubscribe for all things retirement, investment, tax, & estate planning https://www.youtube.com/@functionalretirementJoin The Newsletter For All Wealth Building Tacticshttps://propath.ck.page/60fab1df4d DISCLAIMER: The information provided in these episodes is only to be considered helpful hints and education. Nothing said or shown is to be misconstrued as specific tax, legal, or investment advice. Consult with your tax, legal, or investment professional before acting on anything you see in these videos. ​​Investment Advisory Services are offered through ProPath Financial, a registered investment adviser authorized to do business in states where registered or otherwise exempt from registration. Nothing discussed in this podcast should be viewed as investment advice.

In this episode of the Functional Retirement Podcast, host Thatcher Taylor discusses the topic of REITs (Real Estate Investment Trusts). He shares personal experiences and explains why it's important to have a larger understanding of the investment universe. Thatcher also addresses the influence of social media and real estate gurus promoting real estate as the ultimate investment. The episode dives in to the types of REITs, taxation, how to buy, and when you should use them.Have you used REITs in your portfolio?https://investor.vanguard.com/investment-products/etfs/profile/vnqhttps://www.cfincometrust.com/wp-content/uploads/CF_Income_Trust-Fact_Sheet.pdf✅Contact Thatcher at thatcher@propathfinancial.com with comments and questions!Are you over age 50 and need retirement help?Schedule a free consultation https://www.propathfinancial.com/get-startedSubscribe for all things retirement, investment, tax, & estate planning https://www.youtube.com/@functionalretirementJoin The Newsletter For All Wealth Building Tacticshttps://propath.ck.page/60fab1df4d DISCLAIMER: The information provided in these episodes is only to be considered helpful hints and education. Nothing said or shown is to be misconstrued as specific tax, legal, or investment advice. Consult with your tax, legal, or investment professional before acting on anything you see in these videos. ​​Investment Advisory Services are offered through ProPath Financial, a registered investment adviser authorized to do business in states where registered or otherwise exempt from registration. Nothing discussed in this podcast should be viewed as investment advice.

This podcast episode features hosts Thatcher Taylor and Bob Gavlak discussing life insurance in retirement planning. They emphasize the importance of building a financial plan based on individual goals before considering insurance products. They debunk the myth that life insurance is unnecessary in retirement, highlighting the need to protect loved ones and assets. The conversation emphasizes the importance of finding suitable insurance solutions based on specific client situations, rather than pushing a one-size-fits-all approach.Bob shares his 14-year experience in the industry and explains the value of insurance in protecting oneself and loved ones from unforeseen events. They dismiss the misconception that life insurance is no longer necessary in retirement and advocate for tailored insurance solutions that fit individual needs.Find Bob:TwitterWebsiteLinkedIn✅Contact Thatcher at thatcher@propathfinancial.com with comments and questions!Are you over age 50 and need retirement help?Schedule a free consultation https://www.propathfinancial.com/get-startedSubscribe for all things retirement, investment, tax, & estate planning https://www.youtube.com/@functionalretirementJoin The Newsletter For All Wealth Building Tacticshttps://propath.ck.page/60fab1df4d DISCLAIMER: The information provided in these episodes is only to be considered helpful hints and education. Nothing said or shown is to be misconstrued as specific tax, legal, or investment advice. Consult with your tax, legal, or investment professional before acting on anything you see in these videos. ​​Investment Advisory Services are offered through ProPath Financial, a registered investment adviser authorized to do business in states where registered or otherwise exempt from registration. Nothing discussed in this podcast should be viewed as investment advice.

In this episode, host Thatcher Taylor discusses the importance of behaviors in investing and how they can be a superpower. He emphasizes the need to set proper expectations about market fluctuations and highlights the inefficiency of markets. Thatcher shares insights from the book "Finance for Normal People" by Meir Statman, which explores the foundations of behavioral finance. He covers topics such as people's normal behavior and rational thinking, the construction of investment portfolios, saving and spending habits, and the role of expected returns in asset pricing theory.The podcast focuses on the significance of behaviors in investment performance. Host Thatcher Taylor explains that behaviors are the main superpower of successful investors and highlights the impact of market fluctuations on investor mentality. He shares his own experiences during challenging market periods and emphasizes the importance of setting realistic expectations."Thinking, Fast and Slow" by Daniel Kahneman"The Behavior Gap" by Carl Richards✅Contact Thatcher at thatcher@propathfinancial.com with comments and questions!Are you over age 50 and need retirement help?Schedule a free consultation https://www.propathfinancial.com/get-startedSubscribe for all things retirement, investment, tax, & estate planning https://www.youtube.com/@functionalretirementJoin The Newsletter For All Wealth Building Tacticshttps://propath.ck.page/60fab1df4d DISCLAIMER: The information provided in these episodes is only to be considered helpful hints and education. Nothing said or shown is to be misconstrued as specific tax, legal, or investment advice. Consult with your tax, legal, or investment professional before acting on anything you see in these videos. ​​Investment Advisory Services are offered through ProPath Financial, a registered investment adviser authorized to do business in states where registered or otherwise exempt from registration. Nothing discussed in this podcast should be viewed as investment advice.

Our special guest, Thomas Elms, a Certified Financial Planner with a unique niche in working with professional athletes and entertainers, shares his insights and expertise in this exclusive interview. We discuss the challenges and opportunities that arise when managing finances in the world of sports and entertainment.Here are some highlights from the episode:Thomas Elms explains his background and how he got started in this specialized field.We talk about the specific planning strategies and considerations when working with athletes and entertainers.Thomas shares real-life experiences and stories, giving us a glimpse into the financial lives of these high-profile individuals.We touch on the importance of mindset and mentality when it comes to managing wealth in the sports and entertainment industry.You can listen to this episode on your preferred platform, whether it's Spotify, Apple Podcasts, or YouTube.Go check out Thomas:YouTube: https://www.youtube.com/@freshfinancepodLinkedIn: https://www.linkedin.com/in/thomaselms/Twitter: https://twitter.com/ThomasElmsPFG✅Contact Thatcher at thatcher@propathfinancial.com with comments and questions!Are you over age 50 and need retirement help?Schedule a free consultation https://www.propathfinancial.com/get-startedSubscribe for all things retirement, investment, tax, & estate planning https://www.youtube.com/@functionalretirementJoin The Newsletter For All Wealth Building Tacticshttps://propath.ck.page/60fab1df4d DISCLAIMER: The information provided in these episodes is only to be considered helpful hints and education. Nothing said or shown is to be misconstrued as specific tax, legal, or investment advice. Consult with your tax, legal, or investment professional before acting on anything you see in these videos. ​​Investment Advisory Services are offered through ProPath Financial, a registered investment adviser authorized to do business in states where registered or otherwise exempt from registration. Nothing discussed in this podcast should be viewed as investment advice.

In this episode of the Functional Retirement Podcast, host Thatcher Taylor interviews Michael H. Baker, a certified financial planner with multiple designations in retirement planning. The episode explores the convergence of health and retirement planning and how it affects longevity risk, income distribution, protection, and estate planning. They discuss the question of retirement and how much money is needed for retirement. The episode also touches on the importance of health and wellness in retirement planning, with Michael sharing his own experience of losing 20 pounds since February.Retirement planning is not just about financial stability and security. It is also about ensuring that individuals are healthy and able to enjoy their retirement years. The convergence of health with retirement planning is crucial to address longevity risk, income distribution, protection, estate planning, and everything that goes into an optimal retirement.Link to the discussed Kettlebell Video: https://www.youtube.com/watch?v=y_bYjLYXJo0Check out Michael H. Baker's social media sites and websiteshttps://twitter.com/michaelhbakerhttps://www.instagram.com/michaelhbaker/https://www.youtube.com/@TheWealthTechniquehttps://linktr.ee/michaelhbakerhttps://michaelhbaker.com/Timestamps:[00:01:31] Weight loss and health[00:03:34] Fitness and Health Journey[00:07:02] Jiu-jitsu and retirement planning[00:11:25] Retirement planning and lifestyle[00:13:33] Grandkids and retirement planning[00:16:54] Retirement planning for couples[00:21:11] The value of working with an advisor[00:24:20] Retirement planning and lifestyle pricing[00:27:00] Retirement Planning and Budgeting[00:30:14] Retirement spending and enjoyment[00:34:05] Retirement income strategies[00:37:01] Retirement income distribution strategies[00:41:50] Longevity in retirement[00:45:48] Retirement healthcare costs[00:46:51] Health care and financial planning[00:50:25] Hiring a financial advisor[00:53:44] Importance of reading[00:57:09] Personal finance YouTube channel.✅Contact Thatcher at thatcher@propathfinancial.com with comments and questions!Are you over age 50 and need retirement help?Schedule a free consultation https://www.propathfinancial.com/get-startedSubscribe for all things retirement, investment, tax, & estate planning https://www.youtube.com/@functionalretirementJoin The Newsletter For All Wealth Building Tacticshttps://propath.ck.page/60fab1df4d DISCLAIMER: The information provided in these episodes is only to be considered helpful hints and education. Nothing said or shown is to be misconstrued as specific tax, legal, or investment advice. Consult with your tax, legal, or investment professional before acting on anything you see in these videos. ​​Investment Advisory Services are offered through ProPath Financial, a registered investment adviser authorized to do business in states where registered or otherwise exempt from registration. Nothing discussed in this podcast should be viewed as investment advice.

In this episode of the Functional Retirement Podcast, host Thatcher Taylor welcomes tax expert Kevin Oleszewsky (prounounce Oshesky) to discuss tax strategies and the importance of taxes in retirement planning. Before diving into the financial and tax planning aspects, they discuss Kevin's personal health journey, which involved changing his diet and exercise routine and losing a significant amount of weight. The episode emphasizes the role of health in retirement, as it affects longevity risk, income distribution, protection, and estate planning. The podcast aims to explore the intersection of health and retirement planning and provide expert insights on the topic of taxes and retirement. Timestamps:[00:01:15] Health Journey[00:03:11] Health and weight loss[00:06:16] Lifestyle changes for more energy[00:10:32] Taxes and retirement planning[00:13:28] Future tax brackets increase[00:18:46] Maximizing tax brackets[00:19:34] Retirement Tax Planning[00:22:44] Tax bracket optimization[00:26:34] Roth conversions for legacy planning[00:30:21] Qualified Charitable Distributions[00:34:17] Legacy planning for beneficiaries[00:39:26] Wash sale rule[00:41:35] Tax loss harvesting strategy[00:46:46] Asset location strategies[00:49:02] Taxable vs Tax-free accounts✅Contact Thatcher at thatcher@propathfinancial.com with comments and questions!Are you over age 50 and need retirement help?Schedule a free consultation https://www.propathfinancial.com/get-startedSubscribe for all things retirement, investment, tax, & estate planning https://www.youtube.com/@functionalretirementJoin The Newsletter For All Wealth Building Tacticshttps://propath.ck.page/60fab1df4d DISCLAIMER: The information provided in these episodes is only to be considered helpful hints and education. Nothing said or shown is to be misconstrued as specific tax, legal, or investment advice. Consult with your tax, legal, or investment professional before acting on anything you see in these videos. ​​Investment Advisory Services are offered through ProPath Financial, a registered investment adviser authorized to do business in states where registered or otherwise exempt from registration. Nothing discussed in this podcast should be viewed as investment advice.

In this episode of the Functional Retirement Podcast, host Thatcher Taylor interviews Stevyn Guinnip, a specialist in health and wealth. They discuss the convergence of health and retirement planning, and how it affects longevity risk, income distribution, protection, estate planning, and everything that goes into an optimal retirement. They share actionable items that listeners can use in their day-to-day life to increase their wealth and health, and how promoting health and wealth can benefit both financial advisors and their clients. The interview also covers the impact of COVID-19 on the industry and how it has affected business growth.The episode introduces the three W's for health: walk, water, and sunlight. Walking is an excellent way to improve physical and mental health, and the speaker recommends walking more than one currently does. The second W, water, involves drinking 80 ounces of water in the first 10 hours of the day, following Dr. Huberman's recommendations. Staying hydrated is crucial for overall health. The third W, sunlight, is not explicitly discussed in this transcript, but the episode emphasizes the importance of getting sunlight on the eyes in the morning to regulate the body's internal clock and prepare for deep sleep later in the day.The episode also stresses the importance of managing stress and taking breaks throughout the day to prepare the body for restful sleep at night. Disconnecting the brain from the body throughout the day can result in a hyperactive state at night, preventing deep sleep. Improving the quality of sleep is crucial for overall health and wellness.LinksFollow and subscribe to Stevyn Guinnip on social media:LinkedIn : @stevyn-guinnip Instagram: @growwellthy Facebook: @growwellthyKnow more about Stevyn on her website:https://www.growwellthy.com/stevyn.html[00:02:53] Health and money parallels [00:03:55] Stressful desk job experience[00:08:02] Importance of Movement[00:10:39] Simple Formula for Health[00:14:41] Walking for health[00:18:51] Strategies for better sleep[00:20:26] Sleep and Circadian Rhythm[00:24:09] Importance of deep sleep[00:29:26] Reducing stress through thinking[00:31:35] Box breathing technique[00:34:08] Sleep and breathing techniques[00:37:35] Muscle Mass and Functionality[00:41:31] Functional fitness for daily life[00:44:49] Fall prevention and lifting weights[00:48:18] Nutrition and balance[00:51:21] Sustainable diet tips[00:56:10] Travel Nutrition Tips[00:58:05] Meal compos✅Contact Thatcher at thatcher@propathfinancial.com with comments and questions!Are you over age 50 and need retirement help?Schedule a free consultation https://www.propathfinancial.com/get-startedSubscribe for all things retirement, investment, tax, & estate planning https://www.youtube.com/@functionalretirementJoin The Newsletter For All Wealth Building Tacticshttps://propath.ck.page/60fab1df4d DISCLAIMER: The information provided in these episodes is only to be considered helpful hints and education. Nothing said or shown is to be misconstrued as specific tax, legal, or investment advice. Consult with your tax, legal, or investment professional before acting on anything you see in these videos. ​​Investment Advisory Services are offered through ProPath Financial, a registered investment adviser authorized to do business in states where registered or otherwise exempt from registration. Nothing discussed in this podcast should be viewed as investment advice.

Presentation SlidesAssessing health and longevity, as well as developing a dynamic income distribution strategy, are important steps in preparing early for retirement.In this episode of the Functional Retirement Podcast, Thatcher Taylor discusses several charts that provide data about health and retirement planning. Taylor emphasizes the significance of starting retirement preparation early, particularly for individuals aged between 45 and 50. It is essential to analyze how much money is needed for retirement and assess one's health and longevity, as they play vital roles in Medicare and Social Security decisions.Thatcher's expertise and experience as a retirement planner provide valuable insights into retirement planning, emphasizing the significance of early preparation, health and longevity assessment, and dynamic income distribution strategies. This makes the podcast a valuable resource for anyone interested in navigating the complexities of retirement planning.Highlights00:17 Importance of early retirement planning and maintaining good health01:10 Life expectancy probability chart for married couples03:19 Goals-based wealth management05:17 Income replacement and Social Security and the impact of increasing income needs on Social Security percentage08:47 Dynamic spending strategy and its advantages compared to the inflation-adjusted method10:45 Breakdown of Social Security timing and the breakeven ages between taking benefits early and at full retirement age15:06 Importance of considering long-term care expenses in later life.17:03 The value of a retirement planner in coordinating needs analysis, income distribution, and goal tracking✅Contact Thatcher at thatcher@propathfinancial.com with comments and questions!Are you over age 50 and need retirement help?Schedule a free consultation https://www.propathfinancial.com/get-startedSubscribe for all things retirement, investment, tax, & estate planning https://www.youtube.com/@functionalretirementJoin The Newsletter For All Wealth Building Tacticshttps://propath.ck.page/60fab1df4d DISCLAIMER: The information provided in these episodes is only to be considered helpful hints and education. Nothing said or shown is to be misconstrued as specific tax, legal, or investment advice. Consult with your tax, legal, or investment professional before acting on anything you see in these videos. ​​Investment Advisory Services are offered through ProPath Financial, a registered investment adviser authorized to do business in states where registered or otherwise exempt from registration. Nothing discussed in this podcast should be viewed as investment advice.

Money is often just a surface issue in many conflicts and divorces.In this episode, our guest Ashley Quamme, a mental health, behavioral, and relationship therapist, shares her stories in dealing with couples on the verge of separation. With nearly 15 years of clinical experience as a marriage and family therapist in Georgia, Ashley provides invaluable insights on how finances are sometimes seen as the main problems of couples when, in fact, deeper and more complex issues are the real culprit of misunderstandings.Moreover, Ashley explains the prevalence of divorce within the baby boomer generation, with women commonly taking the initiative. She believes that understanding financial psychology and engaging in financial therapy can improve the client-advisor relationship, which can in turn help reduce the risk of divorce.  Additionally, she sheds light on the power of allocating time to "think, feel, and do" before confronting issues with your partner, which can then help solve conflict.Physical and mental health, as well as financial security, are indeed inseparable, so our guests will share ways on how you can maintain these aspects in a good state to be able to have a smooth and harmonious relationship with your better half.Highlights4:24 Understanding why half of marriages don't survive7:20 The common reasons why couples divorce10:38 Simple words have great impact on building communication20:34 Money is a surface issue in most conflicts23:30 The "think, feel, do" approach to resolving marital problems31:04 Men and women erupt differently34:52 How allotting time for therapy helps you move forward after a divorce39:37 Short-term thinking is advised for couples nearing retirement age47:18 Physical health has a direct impact on mental well beingLinksCheck out Ashley Quamme's Twitter and LinkedIn

In this episode, our guest, Jess Bost from Alpha Architect, shares how she found her way into the world of finance through the social media platform Twitter. She recalls her journey from building a career in finance to helping advisors establish meaningful portfolios for their clients.Jess is a Crossfit coach and the Twitter master for converging financial planning and fitness, and you'll hear how she helps people get from where they are to where they want to be, both physically and financially. We also discuss our insights into merging health and wealth and how it affects longevity, risk, income distribution, protection, and estate planning.Advisors have the option to manage assets themselves or to hire a third party to do it for them. Jess describes how Alpha Architect assists them with their portfolios by offering education on factors and built funds.

Business ownership and tax management play essential parts in your retirement plan.In this episode, Travis Gatzemeier, a CFP and founder of Kinetix Financial Planning, discusses the two big sources of wealth in society: business ownership and equity compensation. He breaks down the wealth-generating potentials of these two while also highlighting the risks involved.You'll also get to know Travis' journey from trading derivatives to launching his own financial planning business, which focuses on helping entrepreneurs and individuals with equity compensation. He explains the challenges in entrepreneurship and why it's crucial to pay your taxes correctly.While owning a business can reduce taxes, Travis warns against making decisions based solely on this factor. Our guest shares his non-traditional route to becoming a business owner and sheds light on the importance of combining finances with investment advisory when it comes to retirement planning.Highlights04:36 Control your behavior for wealth.14:00 The common misconception of new business owners18:50 Retirement planning for small business owners25:27 Exploring strategies for personal cash flow management27:53 Why you should never run out of cash30:02 Utilizing equity compensation as a wealth-building tool43:14 Pay taxes early to avoid surprises49:00 Tax planning strategies for business owners and W-2 employees55:52 The value of accountability in achieving financial growth LinksTo learn more about Travis Gatzemeier's business check out Kinetix Financial PlanningYou can also visit his Twitter @T_Gatzemeier, Instagram @kinetixfp, and LinkedIn profile Travis Gatzemeier ✅Contact Thatcher at thatcher@propathfinancial.com with comments and questions!Are you over age 50 and need retirement help?Schedule a free consultation https://www.propathfinancial.com/get-startedSubscribe for all things retirement, investment, tax, & estate planning https://www.youtube.com/@functionalretirementJoin The Newsletter For All Wealth Building Tacticshttps://propath.ck.page/60fab1df4d DISCLAIMER: The information provided in these episodes is only to be considered helpful hints and education. Nothing said or shown is to be misconstrued as specific tax, legal, or investment advice. Consult with your tax, legal, or investment professional before acting on anything you see in these videos. ​​Investment Advisory Services are offered through ProPath Financial, a registered investment adviser authorized to do business in states where registered or otherwise exempt from registration. Nothing discussed in this podcast should be viewed as investment advice.

Understanding the Difference between Risk and Volatility in Retirement PlanningUnderstanding risk and volatility is important before diving into the world of investing and preparing for retirement.In this solo episode, I'll share with you the difference between risk and volatility using my experience watching my two kids alone for five days. This made me realize that parenthood is a balancing act between allowing children to grow and try new things while not exposing them to catastrophe, just as investment and retirement are.Risk and volatility are not the same and should not be interchangeably used, and by understanding the difference between the two, retirees can make informed decisions to ensure an optimal retirement.I'll also share how you can determine your personal risks to be able to find stability when it comes to risk and reward.Highlights02:48 - Observing risk-taking behaviors in young children from a parent's perspective03:56 - Mitigating risk and volatility through parenting7:09 - Importance of finding the balance between risk and reward8:49 - What is volatility in investing?12:47 - Analyzing volatility and the VIX index13:56 - The difference between risk and volatility and how it can help your wealth and health14:56 - Exploring the types of risk in investing21:50 - Strategies for mitigating volatility in your financial planSubscribe for all things retirement, investment, tax, & estate planning https://www.youtube.com/@functionalretirementImportant Social Security Info here: https://www.youtube.com/playlist?list=PL7A5bFh5NxnVRx5wzD4AOLz7KyigadFqvTwitter https://twitter.com/ThatchTaylorLinkedIn https://www.linkedin.com/in/thatcher-taylor-cfp/Facebook https://web.facebook.com/propathfinancial?_rdc=1&_rdr Instagram https://www.instagram.com/dadbodfinancial/✅Contact Thatcher at thatcher@propathfinancial.com with comments and questions!Are you over age 50 and need retirement help?Schedule a free consultation https://www.propathfinancial.com/get-startedSubscribe for all things retirement, investment, tax, & estate planning https://www.youtube.com/@functionalretirementJoin The Newsletter For All Wealth Building Tacticshttps://propath.ck.page/60fab1df4d DISCLAIMER: The information provided in these episodes is only to be considered helpful hints and education. Nothing said or shown is to be misconstrued as specific tax, legal, or investment advice. Consult with your tax, legal, or investment professional before acting on anything you see in these videos. ​​Investment Advisory Services are offered through ProPath Financial, a registered investment adviser authorized to do business in states where registered or otherwise exempt from registration. Nothing discussed in this podcast should be viewed as investment advice.

Planning for the future is a crucial step in securing a stable financial future… In this episode, Nic Nielsen, a CFP® from Know My Plan and author of Visual Finance,  shares some key points to consider when planning for retirement. He emphasizes the importance of healthy living habits and sports, as they can greatly impact the quality of your golden years. Blindly trying to achieve financial freedom without proper planning is a recipe for disaster, which is why having a qualified consultant to help and educate you along the way is essential. Nic also highlights the "3 Barbarians of Retirement" and provides insights on how to turn them in your favor. Despite starting his college years in engineering and venturing into the world of banking, Nic eventually found his calling as a financial advisor who helps people of all ages plan for a secure future. Episode Highlights[4:16] Why financial planning is like engineering [7:54] Importance of having a backup plan or emergency fund during market downturns [13:03] Charles Schwab and other banks suggest that holding bonds until maturity can help avoid short-term paper losses, as they get paid out and become irrelevant if held until maturity or the yield to worse.[19:55] Being average in the stock market can put investors in the top 1% compared to other investment options [24:20] Studies show that wealth passed down to the second or third generation of millionaires is usually completely used [29:16] Starting early is key when it comes to thinking about long-term care[29:53] Why planning for long-term care is crucial[33:23] Why many financial advisors do not discuss how being physically active can control your future expenses and retirement[44:29] The importance of avoiding to become a burden on your children for their personal growth and development[47:06] The key to achieving goals is to start taking small steps forward, just like taking baby stepsLinksTo learn more about Nic Nielsen's businesses check out https://knowmyplan.com/about-us/  You can also check out his LinkedIn profile, Nic NielsenNic Nielsen's book: Visual FinanceKnow more about the host Thatcher Taylor on social:Instagram: @propathfinancial and @dadbodfinancial✅Contact Thatcher at thatcher@propathfinancial.com with comments and questions!Are you over age 50 and need retirement help?Schedule a free consultation https://www.propathfinancial.com/get-startedSubscribe for all things retirement, investment, tax, & estate planning https://www.youtube.com/@functionalretirementJoin The Newsletter For All Wealth Building Tacticshttps://propath.ck.page/60fab1df4d DISCLAIMER: The information provided in these episodes is only to be considered helpful hints and education. Nothing said or shown is to be misconstrued as specific tax, legal, or investment advice. Consult with your tax, legal, or investment professional before acting on anything you see in these videos. ​​Investment Advisory Services are offered through ProPath Financial, a registered investment adviser authorized to do business in states where registered or otherwise exempt from registration. Nothing discussed in this podcast should be viewed as investment advice.

Throughout the episode, Thatcher previews the upcoming lineup of guests on Retirement Planning 360 (now Renamed to Functional Retirement Podcast), who will offer expert insights and practical advice on various retirement-related topics, such as financial planning, health and wellness, and longevity risk. Whether you're a retiree, a pre-retiree, or simply interested in learning more about retirement planning, this episode sets the stage for an informative and engaging podcast series. Tune in to Retirement Planning 360 to discover how you can use CrossFit and other strategies to optimize your retirement plan and achieve your goals.In the debut episode of Retirement Planning 360, host Thatcher Taylor CFP® MBA discusses his chosen training regimen, CrossFit, and how it ties into retirement planning, health, longevity risk, and overall life plans. He explains how the principles of CrossFit, such as varied functional movements, high-intensity workouts, and constantly varied exercises, can be applied to retirement planning to achieve financial and health-related goals. Thatcher also shares his personal story of how CrossFit helped him overcome a major health setback and improve his overall quality of life.Show Notes:

Today we will discuss 5 ways to build and maintain wealth. People don't like ongoing maintenance but the wealthy will continually do maintenance on the financial situation. In this episode, I use my physical injuries and your car as analogies to understand how doing maintenance now, avoids big problems later.If you are wanting to fine-tune your retirement, this episode is for you!As promised, the Retirement Vision Workbook

Episode 3 in the retirement installment. Ages 65-72 come with big decisions. Listen to learn about 5 major planning areas that you are probably missing. Your income, your healthcare, your investing, and much more!Part 3 of a 4-Part series. This episode focuses on the 50-65 age group (still valuable if younger).If you are wanting to fine-tune your retirement, this episode is for you!✅Contact Thatcher at thatcher@propathfinancial.com with comments and questions!Are you over age 50 and need retirement help?

In this episode, we talk about five key decisions that help your retirement in the early years. Your income, your healthcare, your investing, and much more!Part 2 of a 4-Part series. This episode focuses on the 50-65 age group (still valuable if younger).If you are wanting to fine-tune your retirement, this episode is for you!✅Contact Thatcher at thatcher@propathfinancial.com with comments and questions!Are you over age 50 and need retirement help?

Part 1 of a 4-Part series. This episode focuses on the 30-50 age group (still valuable if older).Episodes 2-4 will each focus on an age group and specific ways to build a better retirement and future. ✅Contact Thatcher at thatcher@propathfinancial.com with comments and questions!Are you over age 50 and need retirement help?

Invest More In Retirement Plans and Your Taxes May Be Increasing in 2023!New contribution numbers and the changes in social security limits could expose you to more taxation. Click Link to access the Slides with Numbers✅Contact Thatcher at thatcher@propathfinancial.com with comments and questions!Are you over age 50 and need retirement help?

One of the biggest Social Security Pay increases coming in 2023. But how does this affect people that haven't taken their benefits? What if you are only in your 40s or 50s? How does this affect you?In this episode, we discuss all this, and I give some major updates to social security in 2023!✅Contact Thatcher at thatcher@propathfinancial.com with comments and questions!Are you over age 50 and need retirement help?

Are you curious about who you have been listening to and what their business is? This is the episode for you! Here is a brief insight into Thatcher and the creation of ProPath Financial. ✅Contact Thatcher at thatcher@propathfinancial.com with comments and questions!Are you over age 50 and need retirement help?

In this episode, we discuss four specific ways to save money on your current tax bill. These could be great tax-saving tools once you decide that saving money this year is in your best interest. If you are looking for current tax-saving techniques and where to spot opportunities on your 1040, this episode is for you!✅Contact Thatcher at thatcher@propathfinancial.com with comments and questions!Are you over age 50 and need retirement help?

In this episode, we are diving deeper into why the Federal Reserve raises interest rates to calm inflation. Then, we discuss how it affects YOU and your retirement future. If you were curious why the fed does what it does, this episode is for you!

Got RSU's but don't know anything about them? Did your employer give you RSU's as compensation but were confused? This is the podcast for you.In this episode we will cover:✅ What are restricted stock units?✅ Differences between grant and vest?✅ What happens at vesting?✅ How are they taxed?✅ Planning opportunities?And much more! Please enjoy!✅Contact Thatcher at thatcher@propathfinancial.com with comments and questions!Are you over age 50 and need retirement help?

Today I am breaking down why financial advisors have jobs. This all stemmed from a Twitter post and I thought it would be good for you to learn more.Original Tweet