Your Retirement Solution Podcast

If you are nearing retirement you can start to get anxious about whether or not you can maintain your current lifestyle.  But don't worry, there is a solution! In this episode, Shane Perry explains the top 3 decisions to make now regarding your retirement. He explores why resetting your clock is one of the best ways to move into retirement. Shane discusses: Why you should start your financial planning with the end in mind Understand how much money it takes on a monthly or yearly basis to maintain your current lifestyle What you want to do with your time in retirement And more Connect With Shane Perry: shane@trsfamily.com  Connect With The Retirement Solution: The Retirement Solution  (888) 500-5830 About Shane Perry: At the beginning of 2014, Shane joined The Retirement Solution as a Client Manager with the motivation and commitment to represent a client's needs above all else. In 2019, Shane changed his title to Associate Planner. Seeking to build on his passion to further help people transition smoothly into retirement with the knowledge and confidence of a solid income plan, Shane was promoted to Financial Planner status in June 2020. Building strong relationships and watching his clients achieve and sustain their retirement hopes and dreams is what inspires Shane's work to thrive every day.

Social Security is a huge decision we make in retirement that requires you to know when to do it, how to do it, and understanding these things can relieve stress and anxiety.   In this episode, Tyler Lively walks you through understanding how to file for Social Security, and how to best approach it. Tyler shares the four retirement benefits, how people qualify, along with tips and tricks for filing for Social Security.    Tyler discusses: Understanding the four Social Security retirement benefits Tips and tricks for filing for Social Security If Social Security is taxable  Why you should have a guide to help you with Social Security And more Connect With Tyler Lively: tyler@trsfamily.com (425) 558-3700 Connect With The Retirement Solution: The Retirement Solution  (888) 500-5830 About Tyler Lively:    Tyler is a native of Washington state, having grown up in Redmond. He has always had a passion for learning and finding the optimal solution to any goal. This drive pushed him to graduate from the prestigious Marriott School of Business (rated one of the top 10 entrepreneurship programs in the U.S.¹).

How are you preparing your finances in 2022? In this episode, Cindy Mueller discusses the top 5 suggestions for preparing your finances in 2022. Cindy covers budgeting, estate planning, and how inflation affects your finances. Plus, Cindy talks about the proposed tax law changes from Congress. Cindy discusses: Why budgeting can be important to a retiree What can happen if you don't have a will How inflation can affect your finances The tax law changes Congress is proposing for 2022 What you can expect in a life-changing event in 2022 like planning to retire And more Connect With Cindy Mueller: cindy@trsfamily.com  The Retirement Solution  Cindy Mueller on LinkedIn Connect With The Retirement Solution: The Retirement Solution  (888) 500-5830 About Cindy Mueller: Cindy Mueller joined The Retirement Solution in 2008 with a commitment to delivering sound principles of financial management. She offers clients professional counsel in personal finance, investment advisory services, estate planning, and retirement planning.

There is plenty of financial and retirement planning that needs to be done before the end of the year, and in the new year. In this episode, Mike Whitemore provides us with an overview of what The Retirement Solution helps clients with at the end of the year, and in Q1 of the new year. Mike explains the penalty given if you do not take your required minimum distribution, and why right from the beginning of the year it's good to start having your RMD in place. Mike discusses: What The Retirement Solution does for clients at the end of the year Why making sure clients have taken their required minimum distributions before December 31st is so important Taking steps to ensure you have required minimum distributions in place in January How you can look to improve your credit score And more Connect With Mike Whitmore: mike@trsfamily.com (425) 558-3700 LinkedIn: Mike Whitmore Connect With The Retirement Solution: The Retirement Solution  (888) 500-5830 About Our Guest: Mike Whitmore graduated from Brigham Young University with a BS in Business Management and Marketing and a minor in Dutch Literature. He is a Financial Planner with The Retirement Solution, serves as the President of the Advisory Board for Velvet Media, and is a former co-founder of Fresh Consulting. Prior to becoming a financial planner, Mike worked with Apptio, one of Seattle's fastest growing SaaS enterprise software firms*, managing the client relationship with Apptio's top clients for building their practice of Technology Business Management. 

It's a difficult situation for anyone when your spouse passes away, and you're suddenly on a deadline with the IRS to make plenty of financial decisions right away. In this episode, Travis Johnson is here to speak about why it's important to talk about death and taxes. Travis explains the tax deadline an individual is subjected to when their partner passes away, and how to deal with the deadline. Plus, key ways The Retirement Solution helps clients deal with organizing their particular situation.   Travis discusses: What you need to know about death and taxes How The Retirement Solution helps clients in particular situations Why you should have passwords to important accounts documented How to deal with suddenly needing to pay taxes to the IRS And more Connect With Travis Johnson travis@trsfamily.com  (425) 558-3700 Connect With The Retirement Solution: The Retirement Solution  (888) 500-5830 About Our Guest: Travis Johnson was raised in Redmond, Washington where he continues to reside. Subsequent to high school, he earned a degree in Business Administration at the University of Washington, graduating with a minor in Policy Studies and prestigious Cum Laude honors. In 2015, he began his financial career at Bank of America, first as a Relationship Manager in Sammamish before his promotion to Financial Advisor at Merrill Lynch in Bellevue. In both roles, Travis enjoyed assisting clients in their pursuit of their goals, while educating them on options and strategic financial solutions that would enhance their ability to achieve their dreams. His passion to work with clients in the realization of their retirement dreams, both holistically and dynamically, is what ultimately spurred the transition to TRS in November of 2019. Outside of the office, Travis can be found volunteering with his local Kiwanis group, reading novels, enjoying his two energetic dogs, and either discovering the newest restaurant trend or creating a memorable new recipe with his family.

According to the IRS, about 75% of taxpayers take the standard deduction, but could be missing out on valuable tax deductions if they can itemize. In this episode, Shane Perry is here to share with you all the key details about year-end tax planning. Shane shares basic things you can do to help yourself from a tax standpoint, how you can help offset your income at the end of the year and more. Time Critical Items for End of Year Tax Planning: December 31st Deadline Items Act Now to Save Taxes How to save money by reducing your taxes New Tax Law Legislation to Consider Last Minute Tax Deductions And more Connect With Shane Perry: shane@trsfamily.com The Retirement Solution  Connect With The Retirement Solution: The Retirement Solution  (888) 500-5830 About Our Guest: Shane Perry received his Bachelor of Science in Financial Planning and Advising from Purdue University. In addition, he studied Economics with emphasis on investment mathematics, accounting, estate planning, statistics, and tax law. At the beginning of 2014, Shane joined The Retirement Solution as a Client Manager with the motivation and commitment to represent a client's needs above all else. In 2019, Shane changed his title to Associate Planner. Seeking to build on his passion to further help people transition smoothly into retirement with the knowledge and confidence of a solid income plan, Shane was promoted to Financial Planner status in June 2020. Building strong relationships and watching his clients achieve and sustain their retirement hopes and dreams is what inspires Shane's work to thrive every day.

The end of the year means it's time for clients' portfolio reviews. That means it's time to ensure that you're still meeting your goals, and checking your risk tolerance. In this episode, join Cindy Mueller as she explains her analysis of portfolio reviews. Cindy walks us through what a balanced portfolio is, the biggest red flags she spots in portfolios, and how taxes are affected in an investment portfolio. Cindy discusses: What a portfolio review means What a balanced portfolio is What some of the red flags are when looking at someone's portfolio How are taxes affected by an investment portfolio And more Connect With Cindy Mueller: The Retirement Solution  cindy@trsfamily.com  Connect With The Retirement Solution: The Retirement Solution  (888) 500-5830 About Cindy: Cindy joined The Retirement Solution in 2008 with a commitment to delivering sound principles of financial management. She offers clients professional counsel in personal finance, investment advisory services, estate planning, and retirement planning. Cindy grew up in Camas, Washington and holds a BA in Finance from Washington State University. Following graduation, Cindy was accepted into Washington Mutual's two year management training program where she spent 12 years in various financial roles. In addition to raising her three bustling children, Cindy was active in the Bellevue School District for multiple years as PTSA President, Treasurer, and Auction Chair, earning Volunteer of the Year and the Golden Acorn Award, which is awarded for outstanding service to youth in the community. Additionally, Cindy was awarded the Interlake High School Booster Award. DA-002042.1

Potential Medicare changes may soon happen. It's important to know what those changes will mean for you and your healthcare coverage. In this episode, Tom Black considers some of the possible changes to Medicare that may happen in the future and what that would mean. Tom talks about how people who jumped into Medicare and have now gone back to the workforce and are receiving benefits can manage their situation. Tom discusses: The potential cost increase to Medicare The penalty for not taking Medicare and what situation this applies to What people who are receiving Medicare and benefits from their employer need to know The most important part of Medicare's open enrollment period And more Connect With The Retirement Solution: The Retirement Solution  (888) 500-5830 DA-002023.1

In the current economic situation, excitement can build with the thought of the availability of investing opportunities.  However, some opportunities could lead to great risk.  Talking about boring investing could really be a valuable conversation. In this episode, Mike talks about the exciting part of boring investing. When it comes to cryptos and stocks, it can be exciting to invest in riskier stocks in hopes to get rich quick but it is never that simple. Having individual stocks could be a great way to get rich, but it is a lousy way to stay rich. Mike Whitmore discusses: Why diversification is so important What he thinks about cryptos Why you should stop gambling with your future The benefits of having a retirement plan And more Connect With Mike Whitmore (425) 558-3700 Mike on LinkedIn Connect With The Retirement Solution: The Retirement Solution  (888) 500-5830 About Mike Whitmore Mike is an experienced Financial Planner with a demonstrated history of working in the financial services industry. Skilled in Search Engine Optimization (SEO), Sales, Conference Speaking, IT Strategy, and Management, Mike has a strong finance professional with a BS focused in Marketing from Brigham Young University.  

When should you start your social security benefit? In this episode, Cindy Mueller is here to break down all things social security. From the basics of how you become eligible for social security, to the more complex dynamics of taxes, this episode will answer the questions you have about social security. Cindy discusses: What is social security, when can you start it, and how you can become eligible How much you receive in monthly benefits  How spousal benefits work Taxes related to social security And more Connect With Cindy Mueller cindy@trsfamily.com  The Retirement Solution  Cindy on LinkedIn Connect With The Retirement Solution: The Retirement Solution  (888) 500-5830 About Cindy Mueller: Cindy joined The Retirement Solution in 2008 with a commitment to delivering sound principles of financial management. She offers clients professional counsel in personal finance, investment advisory services, estate planning, and retirement planning. DA-002003.2

As you transition into retirement, your monthly spending changes significantly, especially your discretionary expenses. So, how do you account for your expenses and ensure they are taken care of? In this episode, Matt helps you figure out your basic retirement expenses so you can become financially confident in your spending habits and live your dream retirement. Matt discusses: How expenses change during the go-go, slow-go, and no-go years of retirement Why it's possible to achieve your financial goals despite a low income before retirement Important retirement expenses which are often overlooked Reasons to build a customized financial plan instead of relying on generic rules of thumb And more Connect With Matt Perrone: (425) 558-3700 Matt@trsfamily.com  Connect With The Retirement Solution: The Retirement Solution Inc.  (888) 500-5830 About Matt Perrone: As a financial planner, Matt Perrone focuses on one goal in his work — to give clients a sense of confidence by managing their life savings with the utmost care and integrity. For as long as he can remember, he has been passionate about helping others make wise financial choices. To this day, Matt finds his work both fun and meaningful. Matt is also involved with charities that aid disadvantaged youth and that support the arts and education. Before transitioning to Finance in 2015, Matt spent seven years in Hospitality and Business Management. His previous experience has allowed him to bring a more personalized level of care and service to his clients.

It's not enough for your advisor to know what's going on with your retirement, you need to know as well. Of course you want to spend all the money you saved for retirement. In this episode, Tom Black shares how you can be successful in your retirement. Tom speaks about some of the “rules” around retirement spending and why not everyone can keep up with them.  Tom discusses: Why more people are looking towards retirement The first step to creating a real retirement plan Why having a good handle on your monthly will likely lead to you having a successful retirement The “rules” of retirement and spending and why it's not for everyone to follow And more Connect With Tom Black: 855-895-2586 tom@trsfamily.com  Connect With The Retirement Solution: The Retirement Solution  (888) 500-5830 About Tom: As a Financial Planner, Tom has a thorough understanding of the complex issues that must be addressed when preparing a strategic retirement plan. Tom has always been interested in wealth management, graduating with a Finance degree from Brigham Young University. He attributes his career path to his passion and desire to help enrich peoples' lives. Tom is motivated by helping people maintain financial independence and their active lifestyle long into retirement by providing a holistic financial review process. Prior to joining TRS, Tom gained extensive experience overseeing client-business relationships, client satisfaction strategies, accounting, budgeting, projections, and financial operations at Abadan, Yakima Valley Farmworkers, and Connell Grain Growers.

No one wants to have a conversation about end of life assistance after a loved one has passed on. Start having those conversations today. In this episode, Tyler Lively talks about spousal assistance and how you can ensure your loved ones are protected if you were to pass away abruptly. Tyler explains how spouses can be successful in planning survivorship, and what some of the biggest worries people like you have. Tyler discusses: The best time to have the conversation about what happens when a spouse passes away How spouses can be successful in planning survivorship Some of the biggest pitfalls of clients who are still working when it comes to end of life planning Some of the biggest worries that you've seen couples have in regards to end of life And more Connect With Tyler Lively tyler@trsfamily.com (425) 558-3700 Connect With The Retirement Solution: The Retirement Solution  (888) 500-5830 About Tyler: Tyler is a native of Washington state, having grown up in Redmond. He has always had a passion for learning and finding the optimal solution to any goal. This drive pushed him to graduate from the prestigious Marriott School of Business (rated one of the top 10 entrepreneurship programs in the U.S.¹).   DA-001977

To all parents out there, do you talk about money with your children? If so, what's your approach? In this week's episode, The Retirement Solution's Mike Whitmore quickly breaks down how to start, introduce, and maintain financial and money-related conversations with kids depending on their stage as pre-teenagers, teenagers, and adult children.  Mike discusses: Teaching your pre-teen children how to handle money, and what are the benefits of setting up UGMA accounts for them Why have tax, “paying yourself first,” debt, and credit history-related conversations with your teenage children as they receive their first paycheck and are ready to go to college  The importance of emergency funds, saving for retirement, and power of attorney documents for adult children  The difference between consumer and educational debt  What is “bank on yourself,” and what's its role within the mortgage and life insurance arena  AARP considerations for adult children  And more! Resources: Uniform Gifts to Minors Act (UGMA) LinkedIn: Jim Black Bankrate Investing For Dummies by Eric Tyson on Amazon  dummies - Learning Made Easy AARP Connect with Mike Whitmore: mike@trsfamily.com LinkedIn: Mike Whitmore  (425) 558-3700 (TRS - Redmond, Washington) Connect with The Retirement Solution: The Retirement Solution (888) 500-5830 About Mike Whitmore: Mike graduated from Brigham Young University with a BS in Business Management and Marketing and a minor in Dutch Literature. He is a Financial Planner with The Retirement Solution, serves as the President of the Advisory Board for Velvet Media, and is a former co-founder of Fresh Consulting. DA-001953.1

Non-retirement investments are “non-qualified,” meaning that you're investing with after-tax dollars and are not subject to any special tax treatment.   In this episode, The Retirement Solution's Tyler Lively navigates the path of investing with non-retirement funds. All this while highlighting the role of retirement, taxes, ETFs, and mutual funds within the investment arena.    Tyler discusses:   From life insurance to college planning: Why follow the general investment hierarchy to invest non-retirement fund money Benefits of utilizing after-tax money for investment purposes  The role of capital gains tax when it comes to after-tax assets – and a breakdown of capital gain rates in 2021 The idea of “capital loss bank” to offset capital gains Utilizing mutual funds in after-tax investments The importance of saving during retirement  And more!   Resources: Fund Fact Sheet Morningstar   Connect with Tyler Lively: About: Tyler Lively  (425) 558-3700 (TRS - Redmond, Washington)   Connect with The Retirement Solution: The Retirement Solution (888) 500-5830   About Tyler Lively:   Tyler is motivated by the ability to work closely with clients to help them achieve their financial dreams and goals. Tyler is an integral member of The Retirement Solution Investment Committee and has earned a Chartered Retirement Planning Counselor designation through the College of Financial Planning, as well as the prestigious Certified Financial Planner® designation from the board-registered CFP® educational program.    DA-001941.1

While bereavement means losing something significantly meaningful, like a job or connections pre-retirement, bereavement also means losing and facing the passing of a loved one.   In this episode, The Retirement Solution's Cindy Mueller breaks down everything you need to know about the financial component of bereavement. All this to help you understand how financial planning (and professionals) can help you reduce and mitigate the stress following the passing of a spouse or family member.   Cindy discusses:   How financial advisors can help you address bereavement Using The Retirement Solution's checklist as a guide: First action items individuals have to take care of after losing a loved one Leave IRA's, Roth IRA's, and 401k plans alone: Things widows and widower should avoid doing after losing their spouse  Financial planning considerations to help people reduce the stress after the passing of their spouse  Stories and experiences of widowed individuals  And more   Resources: Learning Center    Connect with Cindy Mueller:    LinkedIn: Cindy Mueller   Connect with The Retirement Solution:   The Retirement Solution  (888) 500-5830   About Cindy Mueller:   Cindy joined The Retirement Solution in 2008 with a commitment to delivering sound principles of financial management. She offers clients professional counsel in personal finance, investment advisory services, estate planning, and retirement planning.

What does fatherhood mean to you? How do you envision your retirement years as a father, grandad, or father figure? In this Father's Day special, The Retirement Solution's Matt Perrone explains financial and life coaching considerations you must know as you address and approach retirement as a parent, grandparent, or father figure to someone. Matt discusses: Matt's memories with his dad, and who are father-like figures to him Ways retirees can spend more time with their grandchildren  Common father-figure type roles people take on before or after retirement  Advice for people at or near retirement who want to make a difference in their family's or other people's lives   And more Resources: The National Eagle South Association  Connect With Matt Perrone: LinkedIn: Matt Perrone Connect with The Retirement Solution: The Retirement Solution Contact Us (425) 558-3700 (Redmond, Washington) (888) 500-5830 About Matt Perrone: Matt Perrone focuses on one goal in his work — to give clients a sense of confidence by managing their life savings with the utmost care and integrity. For as long as he can remember, he has been passionate about helping others make wise financial choices. To this day, he finds his work both fun and meaningful.   DA-001917.1

In simple words, a charitable Required Minimum Distribution is still an RMD but the only difference is that you are also directing it to a charity. In this episode, The Retirement Solution’s associate planner, Shane Perry sheds some light on all things charitable RMDs and gifting to help you understand its different financial components before you pass it down to your heirs and beneficiaries.  You will learn: Who can opt for an RMD and what are the new age-related updates?  Rules for those considering a Qualified Charitable Distribution (QCD) How to redirect an RMD to a Donor Advised Fund Tax considerations around gifting and reasons why people should gift assets while alive  How are families using and approaching conversations around charitable RMDs and gifting?  And more! Listen today and discover everything you need to know about charitable RMDs and gifting! Resources:  The Retirement Solution: 888-500-5830 | Shane Perry   DA-001913.1

A fulfilling retirement requires two things: A financial strategy you are comfortable with and a bucket list of things you can do.   Would you agree?   Today, The Retirement Solution’s president and lead financial planner, Tom Black, discusses everything you need to know about retirement and its components surrounding finances, emotions, and productivity. All this so that you can prepare ahead, fulfill your wishes, and most importantly, retire in retirement.   In this episode, you will learn:   The importance of building freedom in retirement to do things you want to do  Why switching from saving to spending is a struggle for retirees – and how to overcome it  How an income plan can ease the process of transitioning to retirement  After their last paycheck: How long does the vacation-like feeling last for retirees?  From traveling, volunteering, and creating new habits: Things you can do to achieve a happy, productive, and long retirement  And more!   While a to-do list can be handy, tune in today and find out why retirement is all about doing the things that bring meaning to YOUR life!    Resources: The Retirement Solution: 888-500-5830 | Tom Black  DA-001908.1  

Estate planning is not only for the wealthy. Instead, it’s for anyone who wants their assets and finances to be taken care of (according to their wishes) when they pass away.    One way to do this is through estate planning documents, and that’s exactly what Shane Perry discusses in this episode of Your Retirement Solution. Shane not only introduces the different records you may need but also sheds some light on techniques you can incorporate within your planning to easily pass assets to your beneficiaries.   In this episode, you will learn:   The breakdown of wills, beneficiary designations, and health care power of attorney’s as crucial estate planning documents  The importance of drafting documents according to your state laws and following a consistent beneficiary format  Everything you need to know about wills going into probate  What are letters of intent and what is their purpose within estate planning  How guardianship designations can guarantee care for children in the absence of their parents And more!   Listen today, and find out how these records can help your estate planning flow as seamlessly as possible!   Resources:  The Retirement Solution: 888-500-5830 |  YouTube  | Shane Perry

How do you envision your overall health and wellness in retirement? Well, believe it or not, there are six related components you MUST be aware of. In this episode of Your Retirement Solution, Cindy Mueller explains why physical (and intellectual), mental, emotional, social, environmental, and spiritual health are so important when thinking, envisioning, and planning for your retirement years.  In this episode, you will learn: From walking groups and dance clubs, to even puzzles and Sudoku: Why is physical and intellectual health so important in retirement? How retirees can tackle mental health  Things you can do to keep your emotional health on track  How the pandemic has impacted retirees and their social health How environmental components such as smog affect your health in retirement  The truth about spiritual health in a pandemic and retirement scenario  And more! Tune in today and discover what our clients at The Retirement Solution are doing to achieve a fit and healthy retirement!  Resources:  The Retirement Solution  I (425) 558-3700 I Cindy Mueller 

Did you know that the COVID-19 pandemic has played a huge role in the risky investment arena? In this episode of Your Retirement Solution, Mike Whitmore discusses must-know considerations surrounding risky investments. All this while referring to the importance of building a risk-proof financial plan.  In this episode, you will learn: Anything that loses value: What are risky investments  Cryptocurrencies, and Mike’s own personal experience: What are some of the risky investments he has seen in his career  From stimulus checks to stocks: What are some of the trends in risk markets   The role of The Retirement Solution when it comes to having a plan – and how does it differ from having different investment portfolios  Why is it important to build a plan and what are some of the time and cost considerations  And more! Listen in and find out everything you need to know about risky investments – and when they are appropriate for portfolios!  Resources: The Retirement Solution  I (425) 558-3700 I Mike Whitmore 

Believe it or not, March Madness and taxes are related – and it’s because in both you fill brackets, which leads to Matt Perrone defining this as “bracketology.” In this episode of Your Retirement Solution, Matt explains everything you need to know about setting up the correct tax bracket for retirement. All this while highlighting what to be aware of when it comes to Roth conversions and RMD’s.  In this episode, you will learn: How to control taxes in retirement  What’s a Roth conversion and how does it impact retirement-related taxes The truth about potentially converting everything into a Roth  Reasons why Matt believes taxes are “on sale” - and what happens if rates go up or down in the future  What’s a Required Minimum Distribution (RMD) and how are they impacted by taxes and Roth conversions  70 and above: Age considerations when doing Roth conversions  And more! Adult children to older parents, family members, and everyone in between should tune in and find out how a correct tax strategy can benefit YOU in retirement!  Resources: The Retirement Solution  I (425) 558-3700 I Matt Perrone DA-001825.1

Did you know that technology can play a huge role in benefiting your retirement years? In this episode of Your Retirement Solution, Tyler Lively sits down with Pete Finlon. Pete explains how digital technology can positively impact the social, health, and well-being component of retirees and pre-retirees.  In this episode, you will learn: The use of cellphones and computers: Embracing technology as retirees and pre-retirees  The importance of being patient: How has the older generation pivoted and adopted to working from home Technology safety and password managers: How to prevent data internet breaches  Playing the “what if” game: The relevance of resurrecting old hobbies Tips on how to maintain a healthy and active retirement  And more! Now more than ever, tune in and find out how technology can benefit your health and social life in retirement! Resources:  The Retirement Solution I Tyler Lively I Pete Finlon DA-001824.1

We know that with every new administration, there are many changes that come into effect, and changes in law and taxes are great examples.  In this episode, The Retirement Solution’s Tom Black discusses different law and tax changes expected to come into effect in 2021. This discussion is not to cause panic, but to promote thought-provoking thinking and learning since they will differ from the current ones.  In this episode, you will learn:  How new 2021 tax laws can potentially change the way you transfer wealth and plan for retirement  What a “Step-Up In Basis” is, its role within real-estate, and why is it considered to be a “double-edged sword”  How Required Minimum Distributions (RMD) are expected to change in 2021  What the charitable deduction scenario is looking like in 2021  The benefits of a charitable Required Minimum Distribution  Listen today and learn potential timeframes as to when and how these tax and other laws are expected to change!  Resources: The Retirement Solution I (888) 500-5830 I Tom Black  DA-001811

It’s no secret that we all want to save on taxes. Never to evade them, but to have confidence that we never pay more than we legally owe. Would you agree?  In this episode, The Retirement Solution’s Shane Perry not only reviews his career journey at the firm, but also explains different optimization strategies that are all about helping you save some cash when it comes to taxes. In this episode, you will learn: What the US tax brackets are and how they work  The difference between tax deductions, tax credits, deductions, and itemizing  Tips on mortgage interest to energy tax credits: popular deductions and credits Strategies on Roth’s to 529 plans: How the team at The Retirement Solution can help you build and develop tax planning strategies. What a Family Limited Liability Company (LLC) is and how it works  And more! Listen today and discover how these tax-related techniques can help you optimize, save, and prepare for retirement!    Resources:  The Retirement Solution I (888) 500-5830 I Shane Perry 

When you near retirement, you need to look at things differently. It’s like having a different strategy in the second half of a football game! Today, Mike Whitmore explains how our planners at The Retirement Solution help folks create just the right plan for their unique retirement vision. Mike dives deep into our comprehensive planning process and discusses the various steps involved. In this episode, you will learn: How we customize your income plan through our holistic planning process to effectively address all of your fears and concerns The five major pillars covered during our planning process Ways in which our process differs from that of a regular broker or an insurance representative What defines an ideal client for us to work with And more! Tune in now to fully understand the planning process at TRS, and how it can help you achieve your goals and sustained retirement success!    Resources:  The Retirement Solution I (425) 558-3700   DA-001791.1

It’s no secret that 2020 was a year full of lessons, especially from a health and financial security point of view. In this episode of Your Retirement Solution Podcast, CFP® and Tax Advisor, Cindy Mueller, explains how reflecting upon 2020 can help people prepare for 2021, while discussing the importance of saving for emergency and increasing retirement funds. In this episode, you will learn the importance of: 401Ks and Roth IRA’s: The importance of contributing Saving young: Why you should avoid living paycheck to paycheck  Fear and greed as they relate to the stock market Cindy’s insight on the 2021 tax environment  And more! Tune in to discover the value of saving and ALWAYS having a systematic plan in place! Resources:  The Retirement Solution I Cindy Mueller DA-001779.1

With a fresh, new year just around the corner, what’s your 2021 financial planning picture looking like? In this episode of Your Retirement Solution Podcast, Jim Black not only reviews how 2020 impacted the stock and financial markets, but he also discusses important financial components you must consider as we roll into the new year.  In this episode, you will learn: Jim’s take on how The Retirement Solution has helped clients navigate through the COVID-19 pandemic  Ways the market impacted small and large businesses in 2020, and what the stock market projections are for 2021  The role of the market when it comes to the 2020 elections and Jim’s insight on doing things differently during or after election years Company announcements for 2021 And more! While 2020 was full of ups and downs, tune in today to discover how creating a financial plan can help you prepare for whatever 2021 has in store for us. Resources: The Retirement Solution   DA-001776.1

Believe it or not, annuities have been around since Roman times. Back then, and depending on how many battles individuals survived, they would qualify for pensions or annuities from the Roman government.  In this episode of Your Retirement Solution Podcast, Mike Whitmore explains how variable annuities can be problematic, while also discussing ways to use them as a vehicle to invest in the market through insurance companies. In this episode, you will learn: Layers and layers of fees: The reason why you could lose money with variable annuities  The role of commissions when it comes to selling variable annuities  Fee comparison between regular and variable annuities  What insurance companies offer clients who have variable annuities  And more! Tune in and discover why fiduciaries are your best bet when seeking help to understand the ins and outs of variable annuities!   Resources: The Retirement Solution I (425) 558-3700 I Bankrate 

While money is important, remember, money isn't everything. Join this episode of Your Retirement Solution Podcast as Jim Black discusses the benefits of being grateful, and how he weaves this quality into the planning process when working with his clients. In this episode, you will learn: Jim’s take on how practicing gratitude can change your attitude  Find the positive in every situation: How Jim establishes financial and non-financial conversations with clients during tough times  The firm’s holistic planning approach that focuses on health, family, legacy, and anything that fulfills clients and their hopes and dreams  And more! Tune in and find out how gratitude can help you thrive in your personal and financial life!  Resources: The Retirement Solution I Jim Black  DA-001755.1

Join this episode of Your Retirement Solution Podcast as Matt Perrone discusses how a Roth conversion can help benefit and maximize your retirement and tax planning strategies. Matt shares his advice and explains why Roth Conversions are highly recommended, yet not something that you’re required to do. In this episode, you will learn: How you can benefit from a Roth conversion in today’s low tax rate environment Matt’s insight on Roth conversions now that the income limit has disappeared What a “backdoor” Roth conversion is and its tax benefits  The role of the five-year rule when it comes to the 10% early IRA withdrawal And more! Tune in as Matt reveals the different purposes and functions of a Roth conversion!  Resources: The Retirement Solution I Matt Perrone I 425-558-3700 DA-001742.1  

Did you know that fall is the right time to start thinking about the incoming year-end tax planning season?   Join this episode of Your Retirement Solution as Jim Black highlights not only the tax planning to-do’s, but also the two possible outcomes of year-end planning: You either pay or save in taxes.     In this episode, you will learn: Why it’s important to review your stocks, especially in 2020  How to do a Roth conversion, and what are the benefits of opening a Roth account  Using the CARES Act as a tool to do 401K, IRA, and Roth rollovers  Why you don’t need to take a Required Minimum Distribution (RMD) in 2020 And more! As year-end is right around the corner, tune in as Jim explains the different things you can do with that extra cash saved during the COVID-19 restrictions!    Resources: The Retirement Solution  DA-001727.1  

Understanding your Medicare options and why it matters for you. Today's episode with Tom Black of the Retirement Solution focuses on Medicare and the challenges we face when looking into Medicare for ourselves or checking on our loved ones’ coverage; the different parts, the different plans, and what it all means. In this episode, you will learn: What choices you have and the timeline you have in which to change it What the difference is between an Advantage plan and a Medigap plan At what age should you start to enroll in Part D How you start and stop Medicare if you are laid off due to Covid And more! Tune in to learn more about Medicare and the steps you can take to make an informed decision. Resources: The Retirement Solution | Your Retirement Solution Podcast DA-001704.1

Do you have a plan that can cover the bumps and bruises of life?   In this podcast Jim Black of the Retirement Solution discusses how a thorough plan process can help give you the confidence and courage to do what you want to do in your retirement.   In this episode, you will learn: Why people resist going through the planning process The value a comprehensive financial plan can have to a person How the service and engagement change over the years  And more!   Tune in as Jim explains what a plan can truly be and the affect it can have on your life   Resources:  The Retirement Solution | Your Retirement Solution Podcast

Do you have a solid financial team to keep you on track for life after retirement? Today, Cindy Mueller, a financial planner and tax advisor with The Retirement Solution, walks you through a list of professionals that make up an all-star team, and what role they each play in helping you live your happily ever after in retirement.    In this episode, you will learn: Why financial planners maintain good relationships with estate planning attorneys How a personal coach can help you navigate life's transitions How life, health, and annuity insurance may fit into your plan Why a good relationship with your realtor should be part of your team And more!   Tune in to get a list of financial players to add to your retirement team! Resources:  The Retirement Solution Inc. DA-001683.1

Is your financial plan ever really complete?  In this episode of Your Retirement Solution Podcast, Tom Black from The Retirement Solution explains the review process and what your annual or even semi-annual review with your financial planner should look like.   In this episode, you will learn: Why it is important to meet with your financial planner regularly and discuss life changes How your annual review is a time to make adjustments to your financial plan Why tax changes may have you adjusting your written plan  What you want your plan to do now and in the future  And more!   Tune in to learn how to get the most out of your annual review so that you can retire on your own terms and live life to the fullest!    Resources:  The Retirement Solution | Your Retirement Solution Podcast  DA-001667.1

Join this episode of Your Retirement Solution Podcast as Tyler Lively with The Retirement Solution explains how the planning process deals with the passing of a loved one, and how it impacts the family.  In this episode, you will learn: Successful client estate planning stories  Why is it important to work with a planner and have good family communication when building a wealth and legacy plan  The importance of a consistent, annual review of your income and retirement plan  When grieving: Why you should wait one year before making drastic decisions   And more! Tune in to learn more about The Retirement Solution’s holistic planning process so that you and your planner can look at different strategies and options together!    Resources:  The Retirement Solution | Your Retirement Solution Podcast | Tyler Lively    DA-001644.1

Did you know that people spend more money when they first retire than when they were working?  In this episode of Your Retirement Solution Podcast, Jim Black from The Retirement Solution explains the emotional trials that people go through when they are preparing and transitioning into retirement.  In this episode, you will learn: How the planning, excitement, honeymoon, disenchantment, reorientation and stability phase impact life’s third act Why it is important for retirees to keep track of their monthly spending   How the honeymoon stage defines your retirement Why Jim recommends Baby Boomers travel the day after they retire  And more! Tune in to learn how to transform the many cycles of retirement into advantageous phases so that you can live out the retirement of your dreams!  Resources:  The Retirement Solution | Your Retirement Solution Podcast  DA-001632.1

Is there a secret formula that suggests how much money you should invest?   In this episode, Matt Perrone discusses the top financial planning considerations you should have when thinking of investing.    In this episode, you will learn:   The difference between stocks and bonds  How an Exchange Traded Fund (ETF) works How to use real estate as an investment  What commodities are and their benefits  And more!   Tune in to learn crucial financial tips that will help guide you toward better investing and retirement success!    Resources:  The Retirement Solution    DA-001628.1

Did you know that the number one mistake pre-retirees make heading into retirement is not having a plan? In this episode, Jim Black tackles the seven most common mistakes to avoid when it comes to saving for retirement and shares tips that should be considered when planning the next phase of your post-career life.  In this episode, you will learn: When to start collecting Social Security benefits and how this impacts your overall income The disadvantages of taking 401(k) money too soon The pros and cons of spending in retirement  Why it’s important to consider healthcare and long-term care costs And more! Tune in to learn the strategies you can implement now to avoid the seven common mistakes made in retirement planning! Resources:The Retirement Solution | Your Retirement Solution Podcast  DA-001597.1

Did you know that collaboration is a vital component in financial organizations? In this episode of The Retirement Solution Podcast, Ryan Litchfield from The Retirement Solution explains the different aspects of the firm’s team while highlighting the role of collaboration in promoting a successful client service and experience.  In this episode, you will learn: How team collaboration promotes a better client experience  The contribution of associate planners at The Retirement Solution Client-advisor relationship at The Retirement Solution  How the team interacts with clients  And more! Tune in to learn more about the importance of teamwork within a financial organization.  Resources: The Retirement Solution | Your Retirement Solution Podcast  DA-001561.1

Can you confidently say that you have a solid estate plan and that you are certain who will get your assets when you pass? In this episode, Jim Black shares insights and client examples to illustrate the importance of having the tough conversations and taking the time to prepare your final documents that clearly state who will get what after you’re gone.   In this episode, you will learn: When to update your estate planning documents What happens to your estate if you pass without having created a will How a final letter to those you love can add value and clarity to your decisions The most time-consuming aspect of creating your end-of-life documents  And more! Tune in for helpful guidance on how to take action in creating your estate plan so that you can feel confident about who will inherit your assets.  Resources:  The Retirement Solution The Retirement Solution Inc. is an independent financial services firm that helps people create retirement strategies designed to endure the changing market and increase their odds of success in retirement. Consultation with a financial planner helps to determine which strategies may be appropriate for you. This podcast and the presenter's opinions are not providing legal or accounting advice, and it is advised that you seek legal advice from a licensed attorney in your state, and accounting advice from a qualified accountant. The information presented is for educational purposes only.

How will you spend your time once you’re retired? In this episode, Tom Black explores the idea of working after retirement. He reveals why many people choose to continue working and how it could impact their retirement plan. Listen in to discover the financial and social advantages of semi-retirement. In this episode, you will learn: Why you might be happier working part-time after retirement How to plan your time accordingly so that you are occupied during retirement How a semi-retirement plan differs from a regular retirement plan How your Social Security will be impacted if you start working again after retiring  Plus much more! Tune in now to learn more about working part-time after retirement. Resources:  The Retirement Solution DA-001545.1

When it comes to planning for your retirement,  how sure are you that you’ve done all you can to achieve your “happily ever after”?   In this episode of Your Retirement Solution Podcast, Jim Black highlights different protections you should have in place to safeguard your retirement savings over time.  In this episode, you will learn: The importance of a strong financial team How often you should be updating your insurance policies How to build an emergency fund later in life Various aspects of managing risk And more! Join us to learn the pillars of financial defense and how they can help you achieve your retirement goals. Resources:  The Retirement Solution   DA-001529.1 Podcast Episode #63  

Life is unpredictable and circumstances can change. If you’ve suddenly received an inheritance, how do you go about making changes and updates to your retirement plan? In this episode of Your Retirement Solution Podcast, Jim Black discusses the psychology of inheritance, how to properly maneuver an unexpected influx of money, and how to open that conversation with your advisor. In this episode, you will learn How to re-adjust your retirement plan if you receive an influx of cash The pros and cons of receiving an inheritance How to save money in taxes when it comes to inheriting money The importance of clear communication when it comes to estate planning And more! Tune in now to learn how to maneuver a sudden influx in money when you receive an inheritance.  Resources:  The Retirement Solution   DA-001528.1 Podcast Episode 62  

Are you prioritizing your financial needs and wants when it comes to retirement? Are you familiar with Maslow's Hierarchy of Needs? You might be surprised to know that depending on your generation, your strategy and priorities may differ when it comes to saving and planning for retirement. In this podcast episode, TRS Planner Cindy Mueller discusses retirement strategies for each generation and how they correlate to Maslow's Hierarchy of Needs. Join us now for another exciting edition of 'Your Retirement Solution Podcast’. In this episode, you’ll learn: How the Maslow's Hierarchy of Needs theory can help you plan for retirement How each generation since World War II has had to face slightly different economic challenges than the previous generation Where to look to find more money for things that we want vs. the things that we need (and how to balance the two) How the nuanced financial challenges each generation must face will affect how they plan for retirement And much more! Resources:  The Retirement Solution, Inc. | Maslow's Hierarchy of Needs Explained DA-001506.1

Do you believe it’s impossible to know how much money you will need to live on in retirement and not run out?  In this episode of The Retirement Solution Podcast, Jim Black unravels some of the most popular myths about finances in retirement. He also explains why it’s imperative to know how much money you’ll need every month of every year in order to continue your current standard of living throughout your retirement years. In this episode, you will learn Whether or not you’ll make less money if you move into a higher tax bracket Why it may or may not be beneficial to rent instead of own property When is the best time to invest in the stock market What to ask yourself before paying with a credit card How it’s possible to know how much money you’ll need every month in retirement Plus much more Tune in now to learn the truth about some of the most prevalent myths regarding retirement planning.  Resources:  The Retirement Solution, Inc.   DA-001495.1

The SECURE Act that was passed into law in December 2019 is now in effect. How will it change the way you plan for retirement? In this episode, Jim Black, President and CEO of The Retirement Solution, explains how the SECURE Act will affect how you prepare for retirement. This is an informative conversation where Jim walks you through the Secure Act’s biggest changes and presents planning opportunities and solutions for today’s retirement-savers. In this episode, you’ll learn: About the major changes that have been triggered by the SECURE Act What can be done with your retirement accounts today that will benefit your heirs How small business owners and employees will benefit from particular changes And more! Tune in now to learn about the SECURE Act’s most significant changes and how they will impact retirement planning.  Resources: The Retirement Solution, Inc.  DA-001470.1

Do you have your own financial family to help you plan for a happily-ever-after retirement? In this episode, Charlene Nelson, a client servicing specialist at The Retirement Solution (TRS), discusses the support she offers clients that goes beyond the call of duty — and is truly part of TRS’ family culture. This is a conversation that illuminates the exceptional care that TRS shows their clients to and through retirement.  In this episode, you’ll learn: How Charlene got into the financial industry What she and the TRS team do to support surviving spouses What makes Charlene tick and how she likes to spend her off-time And more! Tune in now to meet Charlene and consider what it would be like to have a financial family on your side.  Resources:  The Retirement Solution, Inc. DA-001439.1

Now that the SECURE Act is in motion, have you considered what changes you need to make to your retirement accounts and the other pieces of your retirement plan? In this episode, Tyler Lively, a financial planner at The Retirement Solution, explains how the changes brought about by the SECURE Act might impact your retirement plan and any heirs who will inherit an IRA. Tyler then uncovers strategies to help you make the most of these significant changes. In this episode, you’ll learn: About the major changes that have been triggered by the SECURE Act What can be done with your retirement accounts today that will benefit your heirs Why it’s now crucial to have your trust re-evaluated  What the transfer process involves and how The Retirement Solution can help And more! Tune in now and get your SECURE Act questions answered Resources:  The Retirement Solution, Inc. DA-001438.1