Podcasts about retirement income planning

Need Cash in Retirement? Here's How to Stay Flexible. In this episode, Joe Curry and Lindsay Wilson talk about how to get the cash you need in retirement. They explain the best ways to prepare for surprise expenses, like using emergency funds, HELOCs (home equity lines of credit), and smart RSP withdrawals. They also talk about why it's important to plan ahead, so your money stays flexible when you need it most. This episode is also a special one—Lindsay shares a goodbye message, as it's her last time co-hosting the show. Check out the show notes for EP 145 HERE

In this episode of Retire with Style, Wade Pfau and Alex Murguia explore alternative investments with a focus on natural resources, commodities, and catastrophe bonds. They break down the strategies and risks behind these asset classes and examine how they can fit into a diversified retirement portfolio. The conversation offers insights into the potential advantages and challenges of these investments for retirement planning.   Takeaways Natural resources include timberland, farmland, and water rights. Commodities can serve as an inflation hedge but are volatile. Catastrophe bonds transfer natural disaster risk to investors. Investing in companies that use commodities may be more beneficial. The correlation of commodities to equities is generally low. Catastrophe bonds can provide uncorrelated returns to the market. Investors should consider the expected return for each asset class. Due diligence is essential when exploring alternative investments. Infrastructure investments can offer stable returns through usage fees. The role of portfolio managers is to expose investors to asset classes with favorable risk-return profiles. Chapters 00:00 Introduction to Alternative Investments 02:22 Exploring Natural Resources and Commodities 11:53 Understanding Catastrophe Bonds 21:18 Evaluating Risks and Returns in Catastrophe Bonds   Links Explore the New RetireWithStyle.com! We've launched a brand-new home for the podcast! Visit RetireWithStyle.com to catch up on all our latest episodes, explore topics by category, and send us your questions or ideas for future episodes. If there's something you've been wondering about retirement, we want to hear it! The Retirement Planning Guidebook: 2nd Edition has just been updated for 2025! Visit your preferred book retailer or simply click here to order your copy today: https://www.wadepfau.com/books/ This episode is sponsored by McLean Asset Management. Visit https://www.mcleanam.com/retirement-income-planning-llm/ to download McLean's free eBook, “Retirement Income Planning”  

In this episode of Retire with Style, Wade Pfau and Alex Murguia explore the world of alternative investments, with a focus on private equity and private credit. They discuss what it means to be an accredited investor, the different types of private equity investments, and the typical life cycle and structure of private equity funds—including the roles of general and limited partners. The conversation also covers key risks, such as liquidity constraints and valuation challenges, and explains how private investments can fit into a broader retirement income strategy. Wade and Alex highlight the growing accessibility of these investments for retail investors, the rise of private credit markets, and the relationship between volatility and expected returns—underscoring the importance of understanding risk when evaluating investment decisions. Listen now to learn more!   Takeaways:  Private Equity Private equity involves investing in private companies rather than publicly traded stocks. The main types of private equity are venture capital, growth equity, and buyouts. These funds typically follow a seven- to eight-year life cycle and are structured with general partners (who manage the fund) and limited partners (who provide capital). Carried interest is a key component of compensation for general partners. Liquidity is a major concern—investments are often locked up for long periods. Valuing private companies is often opaque and can mislead investors. In venture capital, most returns come from a small number of successful investments. Private equity can provide diversification benefits in a broader portfolio. Private Credit Private credit focuses on lending, often to individuals or private firms, and is distinct from private equity. These investments are gaining popularity, driven by institutional demand and the search for yield. Platforms like iCapital are increasing access for individual investors. Private credit can offer higher yields than traditional fixed income but also comes with unique risks. Investment Strategy and Risk Alternative investments are growing in popularity, especially among individual investors. Risk and return must be evaluated together—volatility alone does not guarantee higher returns. Effective portfolio construction requires understanding how different asset classes interact. Investors should avoid diversifying blindly and instead understand the specific risks of each investment.  Chapters 00:00 Introduction to Alternative Investments 04:25 Understanding Private Equity 10:27 Types of Private Equity Investments 18:52 The Private Equity Life Cycle 26:36 Structure and Function of Private Equity Funds 28:08 Risks and Considerations in Private Equity 29:15 The Illusion of Valuations 31:43 Democratization of Investment Access 32:12 Understanding Private Credit 35:33 The Growth of Private Credit Markets 41:03 Integrating Private Credit into Portfolios 45:17 Volatility and Expected Returns   Links Curious about alternative investments but not sure where to start? Join Alex Murguia for the latest Retirement Researcher Academy Workshop: Know Before You Invest: Understanding Alternative Investments and get the clarity you need: https://retirement-researcher.ontralink.com/tl/538   Explore the New RetireWithStyle.com! We've launched a brand-new home for the podcast! Visit RetireWithStyle.com to catch up on all our latest episodes, explore topics by category, and send us your questions or ideas for future episodes. If there's something you've been wondering about retirement, we want to hear it!   Join Us Live on YouTube – June 2nd at 2PM ET! Want to go beyond the podcast and be part of the conversation in real time? Wade and Alex will be hosting a special Retire With Style YouTube Live session, where you can ask your retirement questions and get answers on the spot.   Head over to our YouTube channel now, hit Subscribe, and click the bell to get notified when we go live. We'll see you there! https://www.youtube.com/@retirewithstylepodcast   The Retirement Planning Guidebook: 2nd Edition has just been updated for 2025! Visit your preferred book retailer or simply click here to order your copy today: https://www.wadepfau.com/books/   This episode is sponsored by McLean Asset Management. Visit https://www.mcleanam.com/retirement-income-planning-llm/ to download McLean's free eBook, “Retirement Income Planning”

Unfiltered Q&A on Franchising and Business Growth with Franchise Genesis   The Entreprenudist Podcast https://entreprenudist.com Go behind the scenes at Franchise Genesis as business leaders take the stage for an unfiltered Q&A on what it really takes to grow a successful franchise. From overcoming early challenges to laying the right foundation for long-term growth, this panel dives into real experiences, honest advice, and practical steps for anyone considering the franchise path. Whether you're a first-time entrepreneur or ready to scale, this is the conversation you need to hear. Highlights include: • Business growth challenges • Lessons from real franchise journeys • Strategic tips from seasoned professionals

In this episode, Wade and Alex explore the world of hedge funds—what they are, how they're structured, and how they've evolved from simple hedging tools into complex investment vehicles. They break down common fee models, challenges in measuring performance, and the impact of data biases. The conversation also covers key hedge fund strategies—including long-short, market neutral, arbitrage, and quantitative approaches—highlighting their mechanics, risk profiles, and what they mean for investors, particularly those nearing retirement. Listen now to learn more!   Takeaways Hedge funds are actively managed investment vehicles with fewer regulatory constraints. They aim for absolute returns, regardless of market direction. The traditional fee model is “2 and 20”—2% management fee and 20% of profits. Fees are declining due to growing competition and investor scrutiny. Performance is difficult to assess due to survivorship bias and data limitations. Investors should be cautious of marketing claims and understand the fund's true strategy. Long-short strategies bet on both rising and falling stocks. Market neutral strategies attempt to remove market exposure to focus on relative performance. Arbitrage seeks to profit from temporary price inefficiencies. Quantitative strategies rely on data-driven models to guide trades. Risk premium harvesting involves tilting toward factors like value or momentum. Short selling helps with price discovery but carries risk due to unlimited loss potential. Understanding alpha (excess return) and beta (market exposure) is key to evaluating hedge fund performance. Technology is central to many modern trading strategies. Informed investors are better positioned to navigate complex alternatives like hedge funds. Chapters 00:00 Introduction to Hedge Funds 02:12 Understanding Hedge Funds 05:30 Fee Structures and Costs 10:00 Performance and Survivorship Bias 16:08 Hedge Fund Strategies Overview 22:43 Long-Short and Market Neutral Strategies 23:40 Understanding Long-Short Strategies 30:10 Exploring Market Neutral Strategies 38:11 Diving into Arbitrage and Quantitative Strategies   Links Join Us Live on YouTube – June 2nd at 2PM ET! Want to go beyond the podcast and be part of the conversation in real time? Wade and Alex will be hosting a special Retire With Style YouTube Live session, where you can ask your retirement questions and get answers on the spot. Head over to our YouTube channel now, hit Subscribe, and click the bell to get notified when we go live. We'll see you there! https://www.youtube.com/@retirewithstylepodcast The Retirement Planning Guidebook: 2nd Edition has just been updated for 2025! Visit your preferred book retailer or simply click here to order your copy today: https://www.wadepfau.com/books/ This episode is sponsored by McLean Asset Management. Visit https://www.mcleanam.com/retirement-income-planning-llm/ to download McLean's free eBook, “Retirement Income Planning”

In this episode of Retire with Style, hosts Alex Murguia and Wade Pfau tackle a range of financial planning questions in a lively Q&A session. They explore Social Security strategies, the role of single premium immediate annuities (SPIAs) in retirement income, and investment approaches for managing required minimum distributions (RMDs). The discussion also covers the pros and cons of bond ladders versus Treasury bonds, along with how Roth conversions can affect adjusted gross income and Medicare premiums. Throughout the conversation, Alex and Wade highlight how thoughtful, strategic planning can help retirees maximize their income and minimize their tax burden. Listen now to learn more!   Takeaways Delaying social security can lead to increased spending throughout retirement. A social security delay bridge can mitigate sequence of returns risk. Single premium immediate annuities provide longevity protection and mortality credits. Investing RMDs for beneficiaries can allow for more aggressive strategies. Roth conversions impact adjusted gross income and potential IRMA surcharges. Tax-efficient planning can help manage future tax liabilities. Bond ladders are useful for meeting specific spending needs in retirement. Treasury bonds can be a simpler alternative to bond ladders. Understanding the nuances of annuities is crucial for retirement planning. Engaging with audience questions enhances the relevance of financial discussions. Chapters 00:00 Introduction and Pickleball Paddle Reveal 04:30 Diving into Financial Planning Questions 05:44 Social Security Strategies and Their Impact 11:10 Building a Social Security Delay Bridge 16:11 Exploring Single Premium Immediate Annuities 22:45 Investment Strategies for RMDs 24:40 Bond Ladders vs. Treasury Bonds 26:59 Understanding Roth Conversions and IRMA   Links Our new Retire With Style podcast website is officially LIVE! Submit questions for future episodes, learn more about us and our affiliates, and more to come! Visit RetireWithStyle.com to check it out now!  Visit our YouTube channel and watch this episode and see the new custom limited edition Retire With Style Pickleball Paddles! Follow the instructions in the comments of that video to enter for your chance to win of your very own: https://www.youtube.com/@retirewithstylepodcast The Retirement Planning Guidebook: 2nd Edition has just been updated for 2025! Visit your preferred book retailer or simply click here to order your copy today: https://www.wadepfau.com/books/ This episode is sponsored by McLean Asset Management. Visit https://www.mcleanam.com/retirement-income-planning-llm/ to download McLean's free eBook, “Retirement Income Planning”

The fifth installment of our Ask Me Anything sessions begins with the inevitable volatility of the stock market as we urge investors to remain calm amidst recent US stock declines. Similarly, we unpack the historical resilience of stock markets and offer advice for dealing with market crashes before discussing why bonds are not the best strategy for boosting returns. We examine the proposed Alberta Pension Plan, the Rational Reminder Podcast guests whose impact still ripples across PWL, how to be a PWL-style advisor, and we revisit the DFA versus Vanguard debate. We also explain why spending rules aren't for us at PWL, the relationship between the amount to withdraw and the stock/bond allocation, and alternatives for short-term horizon investing, saving, and equities. To end, we hear feedback from Atti Ilmanen as well as reviews from listeners, but before all that, Mark McGrath shares bittersweet news! Stay tuned for an episode full of reflection, strategy, and insight.   Key Points From This Episode:   (0:01:13) The inevitability of market volatility and the historical resilience of stock markets. (0:13:04) How to approach a volatile market and advice for dealing with a market crash.  (0:18:06) Why bonds are not a return-enhancing strategy. (0:21:04) A brief examination of the proposed Alberta Pension Plan. (0:25:02) Impactful guests who have influenced how we work at PWL Capital. (0:33:25) How to be a PWL-style advisor. (0:35:37) Weighing Dimensional funds (DFA) against Vanguard and others.  (0:41:57) Why spending rules aren't really our thing.  (0:44:56) The relationship between the amount to withdraw and the stock/bond allocation. (0:49:50) Exploring alternatives for short-term horizon investing, saving, and equities. (0:57:00) An important announcement from Mark! (1:02:51) The Aftershow: feedback from Antti Ilmanen, listener reviews, and final thoughts.    Links From Today's Episode: Meet with PWL Capital — https://calendly.com/d/3vm-t2j-h3p Rational Reminder on iTunes — https://itunes.apple.com/ca/podcast/the-rational-reminder-podcast/id1426530582. Rational Reminder Website — https://rationalreminder.ca/  Rational Reminder on Instagram — https://www.instagram.com/rationalreminder/ Rational Reminder on X — https://x.com/RationalRemindRational Reminder on TikTok — www.tiktok.com/@rationalreminder Rational Reminder on YouTube — https://www.youtube.com/channel/ Rational Reminder Email — info@rationalreminder.caBenjamin Felix — https://pwlcapital.com/our-team/ Benjamin on X — https://x.com/benjaminwfelix Benjamin on LinkedIn — https://www.linkedin.com/in/benjaminwfelix/ Dan Bortolotti on LinkedIn — https://www.linkedin.com/in/dan-bortolotti-8a482310/ Mark McGrath on LinkedIn — https://www.linkedin.com/in/markmcgrathcfp/ Mark McGrath on X — https://x.com/MarkMcGrathCFP Episode 248: Prof. William Goetzmann: Learning from Financial Market History — https://rationalreminder.ca/podcast/248   Episode 100: Prof. Kenneth French: Expect the Unexpected — https://rationalreminder.ca/podcast/100  Episode 352: Jessica Moorhouse: Everything But Money — https://rationalreminder.ca/podcast/352   Episode 316: Andrew Chen: "Is everything I was taught about cross-sectional asset pricing wrong?!" — https://rationalreminder.ca/podcast/316  Episode 224: Prof. Scott Cederburg: Long-Horizon Losses in Stocks, Bonds, and Bills — https://rationalreminder.ca/podcast/224  Episode 284: Prof. Scott Cederburg: Challenging the Status Quo on Lifecycle Asset Allocation — https://rationalreminder.ca/podcast/284  Episode 350: Scott Cederburg: A Critical Assessment of Lifecycle Investment Advice — https://rationalreminder.ca/podcast/350  Episode 89: Wade Pfau: Safety-First: A Sensible Approach to Retirement Income Planning — https://rationalreminder.ca/podcast/89  Episode 289: Retiring Retirement Income Myths with the Retirement Income Dream Team — https://rationalreminder.ca/podcast/289  Episode 122: Prof. Moshe Milevsky: Solving the Retirement Equation — https://rationalreminder.ca/podcast/122  Episode 59: Alexandra Macqueen: Financial Economics and Annuities: Rational Planning for Retirement — https://rationalreminder.ca/podcast/59  Episode 283: When Volatility is Risk, and Introducing The Money Scope Podcast — https://rationalreminder.ca/podcast/283  Episode 351: DFA vs. Vanguard — https://rationalreminder.ca/podcast/351  Episode 254: David Blanchett: Regret Optimized Portfolios, and Optimal Retirement Income — https://rationalreminder.ca/podcast/254  Episode 152: Evaluating Systematic Equity Strategies — https://rationalreminder.ca/podcast/152  Episode 347: The Case for Index Funds — https://rationalreminder.ca/podcast/347  Episode 281: Lifecycle Asset Allocation, and Retiring Successfully with Justin King — https://rationalreminder.ca/podcast/281  Episode 315: An Update from Avantis with Eduardo Repetto — https://rationalreminder.ca/podcast/315  Alberta Pension Plan — https://www.albertapensionplan.ca/  Financial Planning Association of Canada — https://www.fpassociation.ca/  Hook — https://www.imdb.com/title/tt0102057/  Antti Ilmanen | AQR — https://www.aqr.com/About-Us/OurFirm/Antti-Ilmanen    Books From Today's Episode:    The Great Depression: A Diary — https://www.amazon.com/dp/1586489011  Narrative Economics: How Stories Go Viral and Drive — https://www.amazon.com/dp/0691182299    Papers From Today's Episode:    ‘Negative Bubbles: What Happens after a Crash' — https://ssrn.com/abstract=3038658  ‘Beyond the Status Quo: A Critical Assessment of Lifecycle Investment Advice' — https://ssrn.com/abstract=4590406   ‘Financially Sound Households Use Financial Planners, Not Transactional Advisers' — https://www.financialplanningassociation.org/sites/default/files/2023-01/APR19%20Blanchett.pdf  ‘Finding and Funding a Good Life' — https://pwlcapital.com/finding-and-funding-a-good-life/ 

In this episode of Retire with Style, Wade Pfau and Alex Murguia sit down with Dr. Daniel Crosby, a leading voice in behavioral finance, to unpack the psychological side of investing in today's volatile markets. Together, they examine how market swings and media noise shape investor behavior—and why having a thoughtful media diet and disciplined decision-making framework is more important than ever. This conversation lays the foundation for next week's episode, where the discussion will shift toward deeper questions of wealth and meaning. Listen now to learn more! Takeaways Market volatility can trigger anxiety—even among professionals. It's normal to feel fear during downturns, but those emotions don't have to drive your decisions. Limiting exposure to financial news may help you stay focused and make better choices. Recognizing the incentives behind financial media can help you consume it more critically. More information isn't always better—clarity often comes from less, not more. Patience matters. Reminding yourself that “this too shall pass” can be grounding. Uncertainty often causes more stress than bad news itself. Taking time to reflect before acting can lead to better financial outcomes. We tend to give others better advice than we give ourselves—pause and consider what you'd tell a friend. Automation and structured plans are powerful tools to reduce emotional decision-making. Chapters 00:00 Introduction to Behavioral Finance and Market Volatility 02:56 Understanding Market Reactions and Investor Psychology 06:01 The Impact of Media on Financial Decision Making 08:47 Navigating Uncertainty in Financial Markets 12:05 The Importance of Patience and Discipline in Investing 15:03 Frameworks for Better Financial Decision Making 17:55 Conclusion and Transition to The Soul of Wealth Links Click here to watch this episode on YouTube: https://youtu.be/6pMFE_-u0YM The Retirement Planning Guidebook: 2nd Edition has just been updated for 2025! Visit your preferred book retailer or simply click here to order your copy today: https://www.wadepfau.com/books/ This episode is sponsored by McLean Asset Management. Visit https://www.mcleanam.com/retirement-income-planning-llm/ to download McLean's free eBook, “Retirement Income Planning”

In this episode of 'Retire with Style', Wade Pfau and Alex Murguia discuss the complexities of market volatility, its implications for investors, and the current economic landscape. They discuss the nature of volatility, the significance of the VIX as a measure of market fear, and the emotional toll of daily market fluctuations. The conversation also touches on the impact of tariffs and inflation on the economy, emphasizing the importance of understanding these factors for long-term investment strategies. Alex and Wade discuss the current state of the market, focusing on the impact of the technology sector, government spending, and economic volatility. They explore historical market risks, investment strategies for navigating uncertainty, and the importance of controlling investment factors. The discussion emphasizes the need for a well-thought-out investment strategy that aligns with individual preferences and the realities of market fluctuations. Listen now to learn more!   Takeaways Market volatility is a significant concern for long-term investors. Understanding the VIX can help investors gauge market sentiment. Tariffs can have complex effects on the economy and consumers. Investors in the distribution phase are more vulnerable to market downturns. The emotional impact of market volatility can affect decision-making. It's essential to focus on long-term investment strategies rather than daily changes. Economic growth and inflation are interconnected factors influencing market conditions. Understanding market dynamics can help investors make informed decisions. The technology sector is currently a significant drag on the market. Government spending cuts can lead to increased economic volatility. Historical data shows that missing key market days can negatively impact returns. Diversification can mitigate losses in a globally diversified portfolio. Investment strategies should align with personal comfort levels and financial goals. Chapters 00:00 Introduction to Market Volatility 04:20 Understanding Market Volatility 10:06 The VIX: Fear Index Explained 11:57 Market Movements and Emotional Responses 16:21 Current Market Conditions and Influences 25:11 Inflation and Its Impact on the Economy 27:28 Market Trends and Technology Sector Impact 29:55 Government Spending and Economic Volatility 32:34 Historical Market Risks and Uncertainties 35:05 Investment Strategies for Market Volatility 41:21 Decision-Making in Uncertain Markets 46:07 Controlling Investment Factors   Links There's still time to join Alex's webinar TODAY 4/1 at 3PM ET, Understanding Market Volatility and What It Means For You: risaprofile.com/podcast  The Retirement Planning Guidebook: 2nd Edition has just been updated for 2025! Visit your preferred book retailer or simply click here to order your copy today: https://www.wadepfau.com/books/ This episode is sponsored by McLean Asset Management. Visit https://www.mcleanam.com/retirement-income-planning-llm/ to download McLean's free eBook, “Retirement Income Planning”  

In this episode of the Secure Your Retirement Podcast, Radon Stancil and Murs Tariq discuss the Retirement Checklist Challenge, a structured approach to evaluating how prepared you are for retirement. They introduce a Retirement Checklist covering Retirement Income Planning, Tax-Efficient Retirement Strategies, Medicare and Retirement, Long-Term Care Planning, Risk Management, and Estate Planning for Retirees. The goal of the challenge is to help you assess your readiness by scoring yourself on 34 key factors that contribute to a Secure Retirement Plan.Listen in to learn about Financial Planning for Retirement, strategies for Retirement Savings, and ensuring a stress-free transition to retirement. Whether you're already retired or preparing for the next phase, this episode will help you plan for retirement effectively, identifying potential gaps in your strategy. You'll also learn how to access the full Retirement Checklist to take the challenge yourself!In this episode, find out:· Why Retirement Income Planning is crucial to maintaining financial security.· How to evaluate your Social Security Strategies and income sources.· The importance of Tax-Efficient Retirement Strategies to minimize tax burdens.· How to assess your Medicare and Retirement options effectively.· The role of Risk Management and diversification in protecting your retirement.Tweetable Quotes:"A well-prepared retirement starts with understanding your income, healthcare, and tax strategies—take the Retirement Checklist Challenge to see where you stand!" – Radon Stancil"Retirement planning isn't just about saving money—it's about ensuring you have the right strategy for income, taxes, healthcare, and long-term security." – Murs TariqResources:If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!To access the course, simply visit POMWealth.net/podcast.

How much of your time is actually yours?Jamie Hopkins is back, and we're breaking down what it takes to run a company without letting it run your life. He cuthis travel by 90%, began coaching his kids' sports teams, and took on a bigger leadership role in business—all by making one critical decision.We're also talking about the kind of curiosity that makes or breaks leaders, how most CEOs sabotage themselves, andhow the best ones build teams that don't fall apart without them. KEY TOPICSWhat leaving the work phone in another room does for your family.What a $1.50 hot dog taught a five-star restaurant about service.What happens when leaders delay firing—or promoting—people.How vulnerability helps you build real customer relationships. CHAPTERS00:00 – Intro: Defeating Bad Decision-Making in Life & Business00:49 – How the Zoo Made Me a Better Leader05:06 – Jamie Hopkins on Balancing Business & Family06:55 – Leaving a Big Firm to Put Family First09:15 – Coaching Kids Sports11:35 – The Two-Phone Strategy for CEOs13:55 – Avoiding Phone Distractions16:12 – CEO Work-Life Balance: Does It Exist?18:32 – How to Delegate More21:24 – Overworking is a Trap23:37 – Fitness, Leadership & Avoiding Burnout25:50 – What Makes a Great Financial Advisor?28:09 – Building Client Trust30:27 – Why Clients Stay (or Leave)32:49 – Standing Out in a Crowded Market35:08 – Competing on Service38:25 – How Listening Gains More Clients40:32 – Small Gestures That Build Loyalty42:54 – Sales Lessons from an FBI Negotiator45:20 – Being a Curious Leader47:42 – 80/20 Rule for Better Conversations49:25 – Jamie's Top Decision-Making Tip for Business Owners53:20 – Where to Connect with Jamie Hopkins54:15 – Key Takeaways54:49 – Message from the Producer  Ep.120 I Deciding for What's Next: Navigating Life's Biggest Transitions with Jamie Hopkins  WEEKLY NEWSLETTER CONNECT WITH US⁠www.decidedlypodcast.com⁠Watch this episode on YouTubeSubscribe on ⁠YouTubeInstagram⁠: @decidedlypodcast⁠Facebook⁠Sanger's ⁠⁠Instagram⁠⁠Shawn's ⁠Instagram⁠  Thank you to Shelby Peterson of Transcend Media for editingand post-production of the Decidedly podcast. SANGER'S BOOK: ⁠A Life Rich with Significance: Transforming Your Wealth to Meaningful Impact⁠  SHAWN'S BOOK: ⁠Plateau Jumping: What to Change When Change Is What You Want⁠ MAKING A FINANCIAL DECISION?At ⁠Decidedly Wealth Management⁠, we focus on decision-making as the foundational element of success, in our effort to empower families to purposefully apply their wealth to fulfill their values and build a thriving legacy. LEARN MORE: ⁠www.decidedlywealth.com⁠  CONNECT WITH JAMIE HOPKINSBryn Mawr Trust: https://www.bmt.com/FinServ Foundation: https://finservfoundation.org/LinkedIn: https://www.linkedin.com/in/jamiehopkinsfinancialservices/ Jamie Hopkins is an expert in retirementplanning for business owners. He's a Wall Street Journal best-selling author and regular contributor for Forbes and InvestmentNews on Retirement Income Planning. He is also the CEO of Bryn Mawr Capital Management and Chief Wealth Officer at Bryn Mawr Trust. 

Welcome Back! In this episode, Alex, Wade and Brian dive into the complexities of financial planning, focusing on return assumptions, the importance of a living financial plan, and the methodologies behind capital market assumptions. They discuss the balance between spending and saving in retirement, the relevance of the 4% rule, and practical recommendations for effective financial planning. The conversation emphasizes the need for stress testing and understanding the underlying assumptions in financial models to ensure realistic and effective planning. Listen now to learn more!   Takeaways Return assumptions can be based on historical or expected returns. The financial plan should be treated as a living document that evolves over time. Methodologies for capital market assumptions can vary significantly between firms. The 4% rule is less relevant in modern financial planning than it used to be. Stress testing financial plans helps to understand potential outcomes and risks. Communication with clients about their financial goals is essential. Understanding the math behind financial planning is as important as the goals themselves. Advisors should guide clients in making informed decisions about spending and saving. Chapters 00:00 Historical vs. Expected Returns in Planning 04:14 Building Capital Market Assumptions 07:15 Balancing Lifestyle and Financial Planning 11:01 Understanding Spending Behavior in Retirement 13:36 The Relevance of the 4% Rule 17:26 Practical Recommendations for Financial Planning   Links Click here to watch this episode on YouTube: https://youtu.be/R1dNHo3BDNA?si=RiNVF21TG9Zh4Npf The Retirement Planning Guidebook: 2nd Edition has just been updated for 2025! Visit your preferred book retailer or simply click here to order your copy today: https://www.wadepfau.com/books/ This episode is sponsored by McLean Asset Management. Visit https://www.mcleanam.com/retirement-income-planning-llm/ to download McLean's free eBook, “Retirement Income Planning”

Understanding how your retirement income is taxed can help you avoid costly surprises and keep more of your hard-earned money. In this episode, Certified Retirement Counselor (CRC) Miguel Gonzalez breaks down tax strategies for 401(k)s, IRAs, Roth accounts, and Social Security.Cortburg Retirement Advisors is a boutique financial planning firm committed to helping you grow, protect, and preserve your assets from your first job to retirement. We specialize in wealth management, estate and tax planning, group retirement, employee benefits, insurance, and retirement planning to navigate any economic climate.Miguel Gonzalez, a Retirement Specialist with 20+ years of experience, offers expertise in retirement income planning, investment management, and retirement plan design. With an MBA from Columbia Business School, and professional experience with JP Morgan Chase, Merrill Lynch, and more, Miguel is a trusted advisor for his clients.Welcome to Cortburg Speaks Retirement Podcast with Miguel Gonzalez, MBA, AIF®, CPFA®, CRC® CLICK HERE TO LISTEN TO MIGUEL'S LATEST PODCAST FOLLOW US ON: YouTube->https://m.youtube.com/c/CORTBURGRETIREMENTADVISORS Facebook-> https://m.facebook.com/CortburgInc Twitter-> https://twitter.com/CortburgInc LinkedIn->https://www.linkedin.com/in/miguelxgonzalez/ Website: www.CortburgRetirement.com Email: Miguel@CortburgRetirement.com

This week, Miguel Gonzalez, CRC, shares practical steps to help protect your aging relatives' finances—organizing accounts, preventing scams, and setting up a Power of Attorney. Cortburg Retirement Advisors is a boutique financial planning firm committed to helping you grow, protect, and preserve your assets from your first job to retirement. We specialize in wealth management, estate and tax planning, group retirement, employee benefits, insurance, and retirement planning to navigate any economic climate.Miguel Gonzalez, a Retirement Specialist with 20+ years of experience, offers expertise in retirement income planning, investment management, and retirement plan design. With an MBA from Columbia Business School, and professional experience with JP Morgan Chase, Merrill Lynch, and more, Miguel is a trusted advisor for his clients.#RetirementPlanning #FinancialSecurity #AgingParents #ElderlyFinance #MoneyManagement #EstatePlanning #PowerOfAttorney #InvestmentTips #WealthManagement #ScamPrevention #IdentityTheft #Budgeting #FinancialFreedom #PersonalFinance #SmartInvesting #FinancialAdvisor #RetirementGoals #WealthProtection #MoneyTips #CortburgRetirementWelcome to Cortburg Speaks Retirement Podcast with Miguel Gonzalez, MBA, AIF®, CPFA®, CRC® CLICK HERE TO LISTEN TO MIGUEL'S LATEST PODCAST FOLLOW US ON: YouTube->https://m.youtube.com/c/CORTBURGRETIREMENTADVISORS Facebook-> https://m.facebook.com/CortburgInc Twitter-> https://twitter.com/CortburgInc LinkedIn->https://www.linkedin.com/in/miguelxgonzalez/ Website: www.CortburgRetirement.com Email: Miguel@CortburgRetirement.com

In this episode of 'Retire with Style', Wade Pfau and Alex Murguia discuss the importance of having a structured financial planning framework, especially in the context of retirement. They explore the psychological aspects of financial planning, including the need for a positive mindset and the impact of behavioral biases on investment decisions. The conversation emphasizes the significance of a systematic approach to financial planning, including techniques like backcasting and considering one's future self. They also address listener feedback regarding Medicare Advantage plans, highlighting the importance of thorough research in making informed decisions about healthcare options in retirement. Listen now to learn more!   Takeaways A structured financial planning framework is essential for retirement. Behavioral biases can significantly impact investment decisions. The financial planning process helps mitigate biases and provides clarity. Backcasting is a valuable technique for setting financial goals. Considering your future self can enhance decision-making. Medicare Advantage plans require careful consideration and research. A financial plan serves as a guide during stressful times. Chapters 00:00 Introduction to Financial Planning Framework 03:00 Mindset and Psychological Preparedness for Financial Planning 06:02 Understanding Behavioral Biases in Investing 12:10 The Importance of a Structured Financial Planning Process 17:53 Backcasting and Future Self in Financial Planning 24:12 Listener Feedback and Medicare Advantage Discussion   Links Purchase access to Wade's Retirement Researcher Academy Workshop, Using Tax Maps to Enhance Tax Planning Decisions! Sign up now for one-time fee of $99 to attend the Workshop live on 2/19/25 and have on-demand access to the recording: https://Retirement-Researcher.ontralink.com/tl/500 The Retirement Planning Guidebook: 2nd Edition has just been updated for 2025! Visit your preferred book retailer or simply click here to order your copy today: https://www.wadepfau.com/books/ Register to attend Retirement Researcher's FREE 4-Day Retirement Income Challenge on March 10-13th from 12:00 - 2:00 PM ET each day: https://risaprofile.com/podcast This episode is sponsored by McLean Asset Management. Visit https://www.mcleanam.com/retirement-income-planning-llm/ to download McLean's free eBook, “Retirement Income Planning”

Miguel Gonzalez, a Certified Retirement Counselor with 20+ years of experience, shares practical tips to help you get back on track after overspending during the holidays. Learn how to tackle debt, rebuild savings, and prepare for a stress-free holiday season next year.Cortburg Retirement Advisors is a boutique financial planning firm committed to helping you grow, protect, and preserve your assets from your first job to retirement. We specialize in wealth management, estate and tax planning, group retirement, employee benefits, insurance, and retirement planning to navigate any economic climate.Miguel Gonzalez, a Retirement Specialist with 20+ years of experience, offers expertise in retirement income planning, investment management, and retirement plan design. With an MBA from Columbia Business School, and professional experience with JP Morgan Chase, Merrill Lynch, and more, Miguel is a trusted advisor for his clients.#CortburgRetirementAdvisors #FinancialWellness #RetirementPlanning #PostHolidayRecovery #DebtManagement #SavingsChallenge #PayOffDebt #FinancialGoals #SmartSpending #SaveMoneyTips #MoneyMatters #DebtFreeJourney #PlanAhead #SmartFinance #MoneyManagement #HolidaySpending #BudgetingTips #SavingsGoals #RetirementCounselor #WealthManagement #FinancialFreedomWelcome to Cortburg Speaks Retirement Podcast with Miguel Gonzalez, MBA, AIF®, CPFA®, CRC® CLICK HERE TO LISTEN TO MIGUEL'S LATEST PODCAST FOLLOW US ON: YouTube->https://m.youtube.com/c/CORTBURGRETIREMENTADVISORS Facebook-> https://m.facebook.com/CortburgInc Twitter-> https://twitter.com/CortburgInc LinkedIn->https://www.linkedin.com/in/miguelxgonzalez/ Website: www.CortburgRetirement.com Email: Miguel@CortburgRetirement.com

Discover everything you need to know about 529 plans—how they help fund education, provide tax benefits, and act as a wealth transfer tool. Join Miguel Gonzalez, CRC, for insights that can impact your family's future.Cortburg Retirement Advisors is a boutique financial planning firm committed to helping you grow, protect, and preserve your assets from your first job to retirement. We specialize in wealth management, estate and tax planning, group retirement, employee benefits, insurance, and retirement planning to navigate any economic climate.Miguel Gonzalez, a Retirement Specialist with 20+ years of experience, offers expertise in retirement income planning, investment management, and retirement plan design. With an MBA from Columbia Business School, and professional experience with JP Morgan Chase, Merrill Lynch, and more, Miguel is a trusted advisor for his clients.#529Plans #CollegeSavings #TaxFreeSavings #FinancialPlanning #RetirementPlanning #EducationSavings #WealthTransfer #TaxBenefits #ParentingFinance #GrandparentGifting #RothIRA #InvestmentPlanning #AffluentFamilies #SavingsStrategy #EducationFunding #TaxAdvantagedAccounts #FuturePlanning #MoneyManagement #FamilyWealth #CortburgAdvisorsWelcome to Cortburg Speaks Retirement Podcast with Miguel Gonzalez, MBA, AIF®, CPFA®, CRC® CLICK HERE TO LISTEN TO MIGUEL'S LATEST PODCAST FOLLOW US ON: YouTube->https://m.youtube.com/c/CORTBURGRETIREMENTADVISORS Facebook-> https://m.facebook.com/CortburgInc Twitter-> https://twitter.com/CortburgInc LinkedIn->https://www.linkedin.com/in/miguelxgonzalez/ Website: www.CortburgRetirement.com Email: Miguel@CortburgRetirement.com

In this episode, Wade Pfau and Alex Murguia review 2024, focusing on the discrepancies between market predictions and actual outcomes. They discuss the impact of prognostications on investment decisions and highlight the unpredictability of markets, emphasizing the importance of a long-term perspective in financial planning. Their conversation discusses the complexities of investing, emphasizing the futility of forecasting market trends and the importance of capturing market returns. They explore various investment strategies, including the significance of risk tolerance, the role of international investing, and the ongoing debate between value and growth stocks. The discussion highlights the necessity of diversification and maintaining a long-term perspective in investment decisions, especially in light of recent market performances and economic indicators. Listen now to learn more!   Takeaways The importance of learning from past market predictions. Prognostications can significantly influence investment decisions. Historical performance of the S&P 500 shows the unpredictability of forecasts. Financial education often contradicts the reality of market forecasting. A historical average return may be a more reliable guide than expert forecasts. Successful investing doesn't rely on forecasting. Discipline in capturing market returns leads to better long-term outcomes. International investing still holds value despite recent underperformance. Value stocks have not fundamentally deteriorated despite recent trends. Diversification across asset classes is crucial for risk management. Recent market highs do not guarantee future downturns. Chapters 00:00 Year in Review: Lessons for 2025 07:34 Prognostications and Market Predictions 18:07 The Unpredictability of Markets 19:20 The Fallacy of Forecasting in Investing 20:31 The Importance of Capturing Market Returns 22:20 Risk Tolerance and Investment Strategies 25:22 Market Trends and Economic Indicators 28:13 The Role of International Investing 32:28 Understanding Value vs. Growth Investing 36:37 The Future of Small Cap and Value Stocks 48:37 Conclusion: Diversification and Long-Term Outlook   Links The Retirement Planning Guidebook: 2nd Edition has just been updated for 2025! Visit your preferred book retailer or simply click here to order your copy today: https://www.wadepfau.com/books/  This episode is sponsored by McLean Asset Management. Visit https://www.mcleanam.com/retirement-income-planning-llm/ to download McLean's free eBook, “Retirement Income Planning”

In this episode of 'Retire with Style', hosts Wade Pfau and Alex Murguia, are joined by Jason Rizkallah from McLean Asset Management. They continue answering your critical questions surrounding retirement planning, focusing on the nuances of choosing between lump sum and annuity options and asset allocation strategies for retirees. They explore the implications of having reliable income sources like pensions and Social Security, and how these can influence investment strategies. The conversation emphasizes the importance of understanding personal risk tolerance and the unique circumstances of each retiree when making financial decisions. This conversation delves into the complexities of retirement planning, focusing on guaranteed income sources, the implications of the 4% rule, and the nuances of liquidity in retirement funds. The discussion also covers the role of the Pension Benefit Guarantee Corporation, strategies for deciding when to start annuities, and the considerations surrounding frozen pensions and lump sum options. The importance of viewing these decisions within the broader context of an individual's financial plan is emphasized throughout. Listen now to learn more!   Takeaways Defined benefit pensions are becoming rare but still relevant in certain areas. Choosing between a lump sum and an annuity requires careful consideration of personal financial goals. Reliable income sources can allow for more aggressive investment strategies in retirement. Pensions and Social Security can be viewed as bond-like income streams. The Retirement Income Style Awareness (RISA) tool can help identify personal preferences for retirement income. Market downturns can significantly impact retirement plans, highlighting the need for careful risk management. Legacy considerations may influence investment strategies, but they are often secondary to ensuring a successful retirement. Guaranteed income can influence asset allocation decisions. Understanding liquidity is crucial for effective retirement planning. The Pension Benefit Guarantee Corporation can alter pension benefits. Frozen pensions may limit future benefits and require careful consideration. Lump sum options can provide flexibility but come with risks. Pension contributions can be counted as part of overall savings. Retirement decisions should be made in the context of a comprehensive financial plan. Chapters 00:00 Introduction to the Q&A Episode 04:57 Lump Sum vs. Annuity: Key Considerations 12:09 Asset Allocation: Stocks vs. Bonds in Retirement 22:53 Understanding Guaranteed Income and Asset Allocation 23:39 Evaluating the 4% Rule and Pension Value 25:23 Liquidity: Technical vs. True Liquidity in Retirement 29:11 Pension Benefit Guarantee Corporation: Implications for Retirees 32:34 Deciding When to Start Your Annuity 36:43 Navigating Frozen Pensions and Lump Sum Decisions 41:53 Counting Pension Contributions Towards Savings Rate     Links Want to find out your personalized retirement income style? Click here to take a free RISA: https://risaprofile.com/style/ The Retirement Planning Guidebook: 2nd Edition has just been updated for 2025! Visit your preferred book retailer or simply click here to order your copy today: https://www.wadepfau.com/books/  This episode is sponsored by McLean Asset Management. Visit https://www.mcleanam.com/retirement-income-planning-llm/ to download McLean's free eBook, “Retirement Income Planning”

This week, JoePat Roop emphasizes the critical importance of having a personalized income plan for retirement. He discusses the alarming statistics regarding income planning, the need for comprehensive tax planning, and the implications of social security and Medicare costs. JoePat highlights the necessity of understanding one's retirement savings, including old 401(k)s and IRAs, and the potential pitfalls of tax implications in retirement. For more information or to schedule a consultation call 704-946-7000 or visit www.belmont-capital.com!See omnystudio.com/listener for privacy information.

In this episode of 'Retire with Style', hosts Alex Murguia and Wade Pfau engage in a lively discussion about various financial strategies for retirement. They explore the differences between Health Savings Accounts (HSAs) and Roth IRAs, emphasizing the tax advantages of HSAs. The conversation also delves into the implications of investing in Real Estate Investment Trusts (REITs) and the importance of asset allocation. Additionally, they clarify common misconceptions about tax planning for individuals versus married couples, particularly regarding Medicare and Social Security. Alex and Wade also discuss various investment strategies, particularly focusing on Warren Buffett's investment guidelines, stock allocation for retirement, and the importance of preparing for the fragile decade leading up to retirement. They explore the transition to fixed income investments and the significance of understanding individual risk tolerance and retirement styles. The discussion emphasizes the need for a tailored approach to retirement planning, considering both mathematical and psychological factors. Listen now to learn more!    Takeaways HSAs offer unique tax advantages over Roth IRAs. Investing in REITs can be beneficial in tax-advantaged accounts. Asset allocation should be prioritized over asset location. Understanding tax traps in retirement is crucial for effective planning. Married couples face similar tax implications as single filers. Collecting medical receipts can lead to significant tax savings. The investment strategy should align with individual financial goals. Communication about financial strategies is essential for clarity. Warren Buffett's investment advice should be contextualized for individual needs. Investing in the S&P 500 is generally more effective than picking individual stocks. The fragile decade before and after retirement is crucial for income planning. A balanced approach to stock and fixed income allocation is essential. Understanding personal risk tolerance is key to retirement success. Transitioning to fixed income should start 5-10 years before retirement. The sequence of returns risk can significantly impact retirement income. Diversification across different asset classes can mitigate risks. Chapters 00:00 Introduction and Small Talk 12:02 Tax Planning in Retirement: Individual vs. Joint Filers 22:29 Understanding Stock Allocation in Retirement 35:38 Transitioning to Fixed Income Investments 43:05 Conclusion and Next Steps   Links The Retirement Planning Guidebook: 2nd Edition has just been updated for 2024! Visit your preferred book retailer or simply click here to order your copy today: https://www.wadepfau.com/books/  This episode is sponsored by McLean Asset Management. Visit https://www.mcleanam.com/retirement-income-planning-llm/ to download McLean's free eBook, “Retirement Income Planning”

Join us as we explore how Indexed Universal Life (IUL) insurance can support a dynamic approach to retirement income planning. We examine why treating retirement income as a static number often doesn't match reality. Using real examples, we break down different withdrawal scenarios—from steady increases to accommodate inflation to varying distributions that match the traditional "retirement smile" spending pattern. You'll learn how a $1 million IUL policy can potentially support changing income needs over a 30-year retirement. We keep it practical and focused on what matters most: generating reliable, spendable income throughout your retirement. IUL's combination of tax efficiency and low volatility demonstrates how this tool can help you prepare for significant life changes, including late-life expenses like long-term care. _______________________________ If you'd like to explore using an IUL policy to build out a portion of your retirement income plan, please click here to contact us. We can help.

In this episode of  'Retire with Style' Alex and Wade continue answering your questions about the various aspects of retirement planning. Their conversation focuses on the implications of the Secure Act 2.0 on SPIA and RMD calculations, the legal responsibilities surrounding RMD miscalculations, strategies for protecting late-life income against inflation, optimizing Social Security payments, and the considerations for Roth IRA contributions versus distributions. They also emphasize the importance of understanding new regulations, legal implications, and financial strategies to ensure a secure retirement. Listen now to learn more!   Takeaways Understanding the new RMD rules can significantly impact retirement planning. SPIA payments can now be aggregated with IRA balances for RMD calculations. Legal advice may be necessary for resolving RMD miscalculations. Treasury Inflation-Protected Securities (TIPS) can help protect against inflation. Roth IRA contributions should ideally be made early in the year. Dollar-cost averaging can mitigate market volatility in distributions. Innovative financial products are emerging to address retirement income needs. Understanding the implications of the Secure Act 2.0 is essential for retirees. Chapters 00:00 Strategies for Achieving a Funded Ratio 01:22 Understanding RMDs and SPIAs 12:28 Inflation Protection for Late Life Income 22:41 Optimizing Social Security Benefits 24:11 Investment Strategies: Lump Sum vs. Dollar Cost Averaging 32:07 Withdrawal Strategies: Constant Percentage vs. Variable Spending   Links The Retirement Planning Guidebook: 2nd Edition has just been updated for 2024! Visit your preferred book retailer or simply click here to order your copy today: https://www.wadepfau.com/books/  This episode is sponsored by McLean Asset Management. Visit https://www.mcleanam.com/retirement-income-planning-llm/ to download McLean's free eBook, “Retirement Income Planning”

In this episode, Wade and Alex welcome Jason Fichtner to discuss the evolving landscape of retirement income. They explore consumer perspectives on retirement, the importance of protected income strategies, and the generational shifts affecting retirement planning. Their conversation also delves into the decline of traditional pensions, insights on Social Security and Medicare, and the need for better communication regarding claiming strategies. The conversation also focuses on the evolving landscape of retirement income, focusing on the importance of annuities and social security as protected income sources. Listen now to learn more!   Takeaways The concept of retirement is evolving beyond traditional norms. Protected income is essential for financial security in retirement. Generational shifts are leading to different retirement challenges. The decline of pensions necessitates new income solutions. Social Security is not sufficient for most retirees' needs. Effective communication about claiming benefits is crucial. The retirement planning industry must adapt to changing demographics. Education on retirement income strategies is vital for future generations. Delaying Social Security can enhance spousal benefits. The traditional three-legged stool of retirement income is changing. Innovative annuity options can help bridge income gaps in retirement. Behavioral framing can influence retirement income expectations. Protected income can increase retirees' spending confidence. Barriers to annuitization need to be addressed for better adoption. The retirement security industry has a significant role to play. Research and common language are essential for effective communication. Chapters 00:00 Introduction to Retirement Income Challenges 02:13 Consumer Perspectives on Retirement 05:01 The Importance of Protected Income 08:12 Generational Shifts in Retirement Planning 10:41 The Decline of Traditional Pensions 12:05 Social Security and Medicare Insights 15:20 Reframing Social Security Claiming Strategies 19:00 Understanding Annuities and Social Security 21:59 The Shift from Defined Benefit to Defined Contribution 24:55 Innovations in Retirement Income Solutions 28:58 The Future of Retirement Security 32:02 Research and Education in Retirement Planning   Links The Retirement Planning Guidebook: 2nd Edition has just been updated for 2024! Visit your preferred book retailer or simply click here to order your copy today: https://www.wadepfau.com/books/  This episode is sponsored by McLean Asset Management. Visit https://www.mcleanam.com/retirement-income-planning-llm/ to download McLean's free eBook, “Retirement Income Planning”

In this episode of 'Retire with Style', hosts Alex Murguia and Wade Pfau, along with guest Rob Cordeau, continue their conversation into the complexities of Roth conversions and their implications for tax efficiency in retirement planning. They discuss the nuances of paying taxes on conversions, the importance of understanding tax brackets, and the impact of the SECURE Act on intergenerational wealth transfer. The conversation emphasizes strategic planning to optimize tax outcomes for both current and future generations, highlighting the need for a dynamic approach to retirement income management. They highlight the value of having a diversified tax strategy to enhance financial flexibility in retirement. Listen now to learn more!  Takeaways Roth conversions can be beneficial if done at a lower tax rate. Paying taxes from an IRA during a Roth conversion isn't always bad advice. Tax brackets in retirement can vary significantly based on spending phases. Intergenerational planning is crucial for optimizing tax liabilities for heirs. The SECURE Act has changed the landscape for inherited IRAs, requiring careful planning. Clients often go through different spending phases in retirement, affecting tax strategies. Understanding the timing of tax payments can lead to better financial outcomes. Overconfidence can lead to over-converting in Roth strategies. Having a tax-free bucket in retirement offers significant advantages. Understanding the pro-rata rule is crucial for backdoor Roth conversions. Tax projections are vital for effective Roth conversion planning. Flexibility in tax strategy can enhance retirement income management. It's important to consider state tax implications when converting. Engaging in Roth conversions can open doors for future financial flexibility. Chapters 00:00 Introduction to Roth Conversions 08:35 Intergenerational Tax Planning 17:57 Hedging Strategies in Retirement Planning 24:03 Mistakes in Roth Conversions 30:01 Understanding Roth Conversion Nuances   Links Click here to submit your question for a future RWS Live Q&A: retirementresearcher.com/ask The Retirement Planning Guidebook: 2nd Edition has just been updated for 2024! Visit your preferred book retailer or simply click here to order your copy today: https://www.wadepfau.com/books/  This episode is sponsored by McLean Asset Management. Visit https://www.mcleanam.com/retirement-income-planning-llm/ to download McLean's free eBook, “Retirement Income Planning”

Ron was born in Burbank California and grew up in the Mojave Desert. Being the first of six children born to deaf parents, he learned responsibility at an early age. His commitment to family and faith is unwavering. It's the essence of who he is and the foundation of his business success. Living for a higher purpose and caring for others has always been Ron's focus.After high school, he joined the United States Coast Guard where he learned about hard work, discipline, and duty. He enjoyed serving his country and helping to keep people safe. He grew in experience through training, education, and travel. He developed a love for the sea and enjoys boating and sailing with friends and family.After completing his time with the Coast Guard, Ron served on a mission for the deaf in Chicago for his church. While there, he formed the first deaf scout troop in Chicago for the Boy Scouts of America. Returning from Chicago, Ron attended college in Stockton, California where he met his wife, Julie. They were married in the spring of 1984. In 1991, Ron and Julie moved to Amador County where they enjoyed raising their four daughters in a close knit community. Ron's hobbies include reading, boating, sports, and traveling with his family. Ron also volunteered at a private school where he taught history and American Sign Language. Family, faith, and community are the most important things that define Ron.Ron's chosen vocation as a Retirement Planning Professional allows him to use his experience, his gifts, and his love for family to help people in a very special way. Ron has been in the retirement planning industry since 1990. Founded in 2002, Roberts Retirement has grown over the years to serve families in northern California and around the country.Ron has served as President of the California Estate Planning Counsel and continues to mentor other retirement planning professionals all across the United States. He is constantly educating himself on the most up-to-date investment strategies and changes in the financial industry. Ron is recognized as a leader in the industry, is a sought-after speaker, and has been featured in Senior Market Advisor MagazineLearn more: https://www.robertsretirement.com/Influential Entrepreneurs with Mike Saundershttps://businessinnovatorsradio.com/influential-entrepreneurs-with-mike-saunders/Source: https://businessinnovatorsradio.com/interview-with-ron-roberts-founder-and-ceo-of-roberts-retirement-group-discussing-guaranteed-retirement-income-planning

Ron was born in Burbank California and grew up in the Mojave Desert. Being the first of six children born to deaf parents, he learned responsibility at an early age. His commitment to family and faith is unwavering. It's the essence of who he is and the foundation of his business success. Living for a higher purpose and caring for others has always been Ron's focus.After high school, he joined the United States Coast Guard where he learned about hard work, discipline, and duty. He enjoyed serving his country and helping to keep people safe. He grew in experience through training, education, and travel. He developed a love for the sea and enjoys boating and sailing with friends and family.After completing his time with the Coast Guard, Ron served on a mission for the deaf in Chicago for his church. While there, he formed the first deaf scout troop in Chicago for the Boy Scouts of America. Returning from Chicago, Ron attended college in Stockton, California where he met his wife, Julie. They were married in the spring of 1984. In 1991, Ron and Julie moved to Amador County where they enjoyed raising their four daughters in a close knit community. Ron's hobbies include reading, boating, sports, and traveling with his family. Ron also volunteered at a private school where he taught history and American Sign Language. Family, faith, and community are the most important things that define Ron.Ron's chosen vocation as a Retirement Planning Professional allows him to use his experience, his gifts, and his love for family to help people in a very special way. Ron has been in the retirement planning industry since 1990. Founded in 2002, Roberts Retirement has grown over the years to serve families in northern California and around the country.Ron has served as President of the California Estate Planning Counsel and continues to mentor other retirement planning professionals all across the United States. He is constantly educating himself on the most up-to-date investment strategies and changes in the financial industry. Ron is recognized as a leader in the industry, is a sought-after speaker, and has been featured in Senior Market Advisor MagazineLearn more: https://www.robertsretirement.com/Influential Entrepreneurs with Mike Saundershttps://businessinnovatorsradio.com/influential-entrepreneurs-with-mike-saunders/Source: https://businessinnovatorsradio.com/interview-with-ron-roberts-founder-and-ceo-of-roberts-retirement-group-discussing-guaranteed-retirement-income-planning

Jack Martin speaks with Michael Finke, Co-Founder of IncomePath and wealth management professor & researcher at the American College of Financial Services. The post Permission to Spend: Next Level Retirement Income Planning with Michael Finke (Ep. 76) first appeared on Simplicity InsurMark.

In this episode, Alex Murguia and Wade Pfau are joined by Rob Cordeau to discuss the complexities and strategies surrounding Roth conversions. They emphasize the importance of long-term tax planning and the various factors that influence the decision to convert traditional IRAs to Roth IRAs. They explore the perspectives of financial advisors versus accountants, the timing of conversions, and the emotional aspects of financial planning. The conversation also touches on the implications of national debt and future tax rates, providing insights into how clients can navigate these decisions effectively. Listen now to learn more!   Takeaways Roth conversions can lead to significant tax savings over time. It's crucial to consider long-term tax implications rather than just immediate savings. Tax projections should be done annually to adjust strategies as needed. Advisors and CPAs may have differing perspectives on Roth conversions. Clients often have preconceived notions about Roth strategies that need addressing. Using standard deductions effectively can enhance tax efficiency in retirement. Roth conversions should be viewed as a hedging strategy against future tax increases. Chapters 00:00 Introduction to Roth Conversions 01:31 Understanding Roth Conversions 03:08 The Accountant's Perspective on Roth Conversions 05:06 When to Consider Roth Conversions 08:02 Analyzing the Break-Even Point 12:15 Adjusting Strategies Over Time 14:11 Emotional Aspects of Financial Planning 16:17 Advisor vs. CPA Perspectives 19:58 Client Perspectives on Roth Conversions 22:26 Predicting Future Tax Rates 25:14 The Role of National Debt in Tax Planning 30:31 Hedging Against Future Tax Increases 31:12 Maximizing Roth Conversions 33:02 Conclusion and Next Steps   Links The Retirement Planning Guidebook: 2nd Edition has just been updated for 2024! Visit your preferred book retailer or simply click here to order your copy today: https://www.wadepfau.com/books/  This episode is sponsored by McLean Asset Management. Visit https://www.mcleanam.com/retirement-income-planning-llm/ to download McLean's free eBook, “Retirement Income Planning”

In this episode of 'Retire with Style', hosts Alex Murguia and Wade Pfau with Jessica Wunder from McLean Asset Management delve into the complexities of early withdrawals from retirement accounts, specifically IRAs and 401(k)s. They discuss the penalties associated with early withdrawals, the Rule of 55, and various exceptions allowing penalty-free access to funds. The conversation highlights the differences between IRAs and 401(k)s, including specific exceptions applicable to each type of account. In this conversation, the speakers discuss the new exceptions introduced by Secure Act 2.0, including emergency withdrawals and disaster recovery relief. They delve into various early withdrawal exceptions, such as those for death, disability, and medical expenses. A significant focus is placed on the 72T approach, which allows for early withdrawals without penalties under specific conditions.    Takeaways The Rule of 55 allows penalty-free withdrawals from 401(k)s after age 55. Public safety employees have unique exceptions for early withdrawals. You can withdraw for medical insurance premiums if unemployed. Educational expenses can be covered by early withdrawals from IRAs. The 72(t) strategy allows for substantially equal periodic payments. There are strict rules governing early withdrawals from retirement accounts. Early withdrawal exceptions include death, disability, and medical expenses. The 72T approach allows for substantially equal payments from retirement accounts. Chapters 00:00 Introduction and Guest Introduction 01:38 Understanding Early Withdrawals from Retirement Accounts 04:02 Exploring the Rule of 55 11:09 Exceptions for IRAs vs. 401(k)s 15:57 Common Exceptions for Early Withdrawals 18:00 New Exceptions in Secure Act 2.0 22:00 Understanding Early Withdrawal Exceptions 30:00 The 72T Approach Explained 35:59 Planning for Retirement Cash Flow Needs   Links Click here to download Retirement Researcher's free resource, “Exception to Early Withdrawal Penalties“: https://retirement-researcher.ontralink.com/tl/476 We're hosting another YouTube LIVE Q&A episode for RWS! Click here to submit your questions: www.retirementresearcher.com/ask Watch this episode on YouTube: https://youtu.be/EzdIgudCkPQ?feature=shared The Retirement Planning Guidebook: 2nd Edition has just been updated for 2024! Visit your preferred book retailer or simply click here to order your copy today: https://www.wadepfau.com/books/  This episode is sponsored by McLean Asset Management. Visit https://www.mcleanam.com/retirement-income-planning-llm/ to download McLean's free eBook, “Retirement Income Planning”

“I'm retired, now what?” How does one find that balance between excessive and overly conservative withdrawals? Every retiree's situation is different. On today's show, Dennis will uncover some key strategies to help guide you into discovering a withdrawal balance that's right for you. He'll also take a closer look at the article, “3 key considerations for sustainable retirement income” by Capital Group. Next, according to the IRS Code Section 2518, the term “qualified disclaimer” means an irrevocable and unqualified refusal by a person to accept an interest in property, but only if one follows the rules. Who knows those rules better than Ed Slott? Heidi will lead us in a discussion based on Ed Slott's current manual of those rules, as well discuss the possible advantages of planning with disclaimers. You might be surprised by the flexibility that disclaimer planning can offer. Deann will join in the conversation and share timely stats regarding the topics at hand.  Tune in and take control!

In this episode of 'Retire with Style', Wade and Alex discuss the complexities of pension decisions with Jason Rizkallah from McLean Asset Management. The conversation delves into the critical choices retirees face regarding pension options, including whether to take a lump sum or annuity payment, the implications of each choice, the importance of comprehensive financial planning, and the potential benefits of external annuities. They discuss the importance of evaluating commercial annuities, understanding the structures and benefits of different annuity options, and the credit risks associated with pensions and insurance companies. The conversation also covers strategies for diversification, the significance of rate lock procedures, and the impact of income decisions on overall retirement planning. Listen now to learn more!   Takeaways Annuities provide reliable income but come with liquidity issues. Tax implications are significant when taking a lump sum. External annuities can be competitive with pension options. Comprehensive financial planning is essential for retirement success. The choice between lump sum and annuity should consider long-term goals. Market conditions can affect the competitiveness of annuities. Consider all options before deciding on a pension or lump sum. Commercial annuities may offer better income rates than pensions. Evaluate the structure of annuities for survivor benefits. Credit risk varies between pensions and insurance companies. Diversifying annuities can mitigate risk but may lower income. Rate lock procedures are crucial in securing favorable annuity rates. Understand the implications of income on Medicare premiums. Ask providers about the potential repercussions of retirement choices. Partial rollovers may be possible but are often all or nothing.   Chapters 00:00 Introduction to Pension Decisions 02:35 Understanding Pension Options: Lump Sum vs. Annuity 05:54 Exploring the Third Option: External Annuities 08:51 Pros and Cons of Taking a Lump Sum 16:17 Evaluating Annuity Options 25:49 The Case for External Annuities 27:23 Evaluating Pension vs. Lump Sum Options 30:53 Understanding Annuity Structures and Benefits 34:34 Assessing Credit Risks in Pensions and Annuities 38:18 Exploring Partial Rollovers and Diversification Strategies 42:09 Navigating Rate Lock Procedures for Annuities 47:11 Considering the Impact of Income on Retirement Planning   Links Click here to download Retirement Researcher's free flowchart resource, "Should I take my pension as a lump sum?": https://retirement-researcher.ontralink.com/tl/474 We're hosting another YouTube LIVE Q&A episode for RWS! Click here to submit your questions: www.retirementresearcher.com/ask The Retirement Planning Guidebook: 2nd Edition has just been updated for 2024! Visit your preferred book retailer or simply click here to order your copy today: https://www.wadepfau.com/books/  This episode is sponsored by McLean Asset Management. Visit https://www.mcleanam.com/retirement-income-planning-llm/ to download McLean's free eBook, “Retirement Income Planning”

In this episode of 'Retire with Style', Wade and Alex discuss the complexities of tax-efficient retirement planning, focusing on understanding preferential income, tax brackets, and the implications of additional income on tax rates. They explore the net investment income tax, strategic Roth conversions, and the significance of timing in retirement income planning. The conversation emphasizes the need for careful management of social security and Medicare surcharges, particularly during the fragile decade of financial planning leading up to and following retirement. Listen now to learn more! Takeaways Preferential income includes long-term capital gains and qualified dividends. Understanding how income stacking affects tax rates is crucial. The net investment income tax can increase effective tax rates significantly. Roth conversions should be timed carefully to avoid higher tax brackets. Social security decisions can influence tax planning strategies. Chapters 00:00 Introduction to Tax-Efficient Retirement Planning 02:46 Understanding Preferential Income and Tax Brackets 06:01 The Impact of Additional Income on Tax Rates 09:02 Navigating the Net Investment Income Tax 11:53 Strategic Roth Conversions and Tax Planning 14:55 The Importance of Timing in Retirement Income Planning 18:08 Managing Social Security and Medicare Surcharges 20:58 The Fragile Decade of Financial Planning 24:04 Conclusion and Future Planning Strategies   Links The Retirement Planning Guidebook: 2nd Edition has just been updated for 2024! Visit your preferred book retailer or simply click here to order your copy today: https://www.wadepfau.com/books/  This episode is sponsored by McLean Asset Management. Visit https://www.mcleanam.com/retirement-income-planning-llm/ to download McLean's free eBook, “Retirement Income Planning”  

In this episode of 'Retire with Style', hosts Alex Murguia and Wade Pfau delve into the concept of the 'tax torpedo', a phenomenon affecting the taxation of Social Security benefits. They explore how increased taxable income can lead to a significant rise in the percentage of Social Security benefits that are taxed, particularly for middle-class retirees. The discussion covers the mechanics of the tax torpedo, the implications of provisional income, and strategies for effective retirement income planning to mitigate its effects. Through case studies and real-world examples, the hosts emphasize the importance of proactive tax planning to avoid unexpected tax burdens in retirement. Listen now to learn more!   Takeaways The tax torpedo refers to the taxation of Social Security benefits based on income levels. Middle-class retirees are particularly affected by the tax torpedo. Provisional income is a key factor in determining how much Social Security is taxed. Taxation on Social Security benefits can range from 0% to 85%. Roth conversions can help manage taxable income and reduce Social Security taxation. The tax brackets can create significant jumps in effective tax rates due to the tax torpedo. Understanding provisional income is crucial for retirement planning. Tax planning before starting Social Security benefits can lead to significant savings. The tax torpedo is a planning opportunity rather than just a snag. Effective management of taxable income can lead to real tax savings. Chapters 00:00 Introduction to the Tax Torpedo 02:29 Understanding the Tax Torpedo Mechanics 05:56 The Impact of Social Security Taxation 09:38 Provisional Income and Its Implications 13:09 Navigating the Tax Brackets 18:05 Case Studies and Real-World Examples 26:10 Planning Opportunities to Avoid the Torpedo   Links The Retirement Planning Guidebook: 2nd Edition has just been updated for 2024! Visit your preferred book retailer or simply click here to order your copy today: https://www.wadepfau.com/books/  This episode is sponsored by McLean Asset Management. Visit https://www.mcleanam.com/retirement-income-planning-llm/ to download McLean's free eBook, “Retirement Income Planning”

Miguel Gonzalez, CRC breaks down the differences between pre-tax, Roth, and non-Roth after-tax contributions for employer-sponsored retirement plans. Learn how to choose the best option based on your financial goals and tax situation.About Cortburg Retirement Advisors, Inc.Cortburg Retirement Advisors is a full-service, boutique financial planning firm dedicated to guiding clients through both turbulent and calm economies. Our mission is to help you grow, protect, and preserve your assets from your first job through retirement. With comprehensive in-house capabilities, our experienced team assists with all financial needs, including wealth management, estate and tax planning, group retirement, employee benefits, insurance, and retirement planning.About Miguel Gonzalez, MBA, AIF®, CPFA®, PPC®, CRC®Miguel Gonzalez is a Retirement Specialist with over 20 years of experience in retirement income planning, investment management, and retirement plan design.Former Financial Advisor at JP Morgan Chase Bank, Merrill Lynch, and ING Financial Advisors.Consultant for Barbara Corcoran Inc. and the World Bank.MBA from Columbia Business School.Life and Health insurance licenses, Series 7 and 66 registrations held through LPL Financial.Fluent in English, Spanish, and Russian.Certifications: Certified Retirement Counselor®, Certified Plan Fiduciary Advisor®, Accredited Investment Fiduciary®, Professional Plan Consultant®.#cortburgspeaksretirement  #retirement #retirementplanning #retirementtips #retirementincome #retirementincomeplanning #retirementgoals #retirementinvesting #retirementadvice #retirementgoals #stockmarket #moneymanagement #wealthmanagement #financetips #financialadvice #financialfreedom #financialeducation #insurance #CortburgSpeaksRetirement #MiguelXGonzalez #retirementmyths, #retirementplanning, #financialtips, #MiguelGonzalez, #CortburgRetirementAdvisors, #retirementadvice, #retirementsuccess, #retirementreality, #financialwellness, #retirementsavings, #retirementhealth, #postretirementplanning, #retirementsimplifiedWelcome to Cortburg Speaks Retirement Podcast with Miguel Gonzalez, MBA, AIF®, CPFA®, CRC® CLICK HERE TO LISTEN TO MIGUEL'S LATEST PODCAST FOLLOW US ON: YouTube->https://m.youtube.com/c/CORTBURGRETIREMENTADVISORS Facebook-> https://m.facebook.com/CortburgInc Twitter-> https://twitter.com/CortburgInc LinkedIn->https://www.linkedin.com/in/miguelxgonzalez/ Website: www.CortburgRetirement.com Email: Miguel@CortburgRetirement.com

Join Miguel Gonzalez, CRC, this week as he guides you through an easy annual checkup for your retirement plan. From optimizing contributions to reviewing investments, learn practical steps to keep your retirement strategy on track.About Cortburg Retirement Advisors, Inc.Cortburg Retirement Advisors is a full-service, boutique financial planning firm dedicated to guiding clients through both turbulent and calm economies. Our mission is to help you grow, protect, and preserve your assets from your first job through retirement. With comprehensive in-house capabilities, our experienced team assists with all financial needs, including wealth management, estate and tax planning, group retirement, employee benefits, insurance, and retirement planning.About Miguel Gonzalez, MBA, AIF®, CPFA®, PPC®, CRC®Miguel Gonzalez is a Retirement Specialist with over 20 years of experience in retirement income planning, investment management, and retirement plan design.Former Financial Advisor at JP Morgan Chase Bank, Merrill Lynch, and ING Financial Advisors.Consultant for Barbara Corcoran Inc. and the World Bank.MBA from Columbia Business School.Life and Health insurance licenses, Series 7 and 66 registrations held through LPL Financial.Fluent in English, Spanish, and Russian.Certifications: Certified Retirement Counselor®, Certified Plan Fiduciary Advisor®, Accredited Investment Fiduciary®, Professional Plan Consultant®.#cortburgspeaksretirement  #retirement #retirementplanning #retirementtips #retirementincome #retirementincomeplanning #retirementgoals #retirementinvesting #retirementadvice #retirementgoals #stockmarket #moneymanagement #wealthmanagement #financetips #financialadvice #financialfreedom #financialeducation #insurance #CortburgSpeaksRetirement #MiguelXGonzalez #retirementmyths, #retirementplanning, #financialtips, #MiguelGonzalez, #CortburgRetirementAdvisors, #retirementadvice, #retirementsuccess, #retirementreality, #financialwellness, #retirementsavings, #retirementhealth, #postretirementplanning, #retirementsimplifiedWelcome to Cortburg Speaks Retirement Podcast with Miguel Gonzalez, MBA, AIF®, CPFA®, CRC® CLICK HERE TO LISTEN TO MIGUEL'S LATEST PODCAST FOLLOW US ON: YouTube->https://m.youtube.com/c/CORTBURGRETIREMENTADVISORS Facebook-> https://m.facebook.com/CortburgInc Twitter-> https://twitter.com/CortburgInc LinkedIn->https://www.linkedin.com/in/miguelxgonzalez/ Website: www.CortburgRetirement.com Email: Miguel@CortburgRetirement.com

In this episode of 'Retire with Style', Alex and Wade delve into the intricacies of Required Minimum Distributions (RMDs). They discuss the calculations involved, the implications of RMDs on retirement planning, and the recent changes introduced by Secure Act 2.0. The conversation also covers the consequences of failing to take RMDs, the aggregation of RMDs across different accounts, and provides examples of RMD calculations using life expectancy tables. Additionally, they touch on the topic of RMDs for inherited accounts and introduce the concept of Qualified Charitable Distributions as a strategy to manage RMDs effectively. Listen Now to Learn More!   Takeaways RMDs are required to ensure taxes are paid on tax-deferred accounts. The starting age for RMDs has changed to 73 or 75 depending on birth year. RMDs do not apply to Roth IRAs or Roth 401(k)s. Failing to take RMDs can result in significant penalties. You can aggregate RMDs across multiple IRAs but not 401(k)s. RMD calculations are based on the account value at the end of the previous year. The uniform life table is commonly used for RMD calculations. Qualified Charitable Distributions can help manage RMD tax implications. Understanding RMDs is crucial for effective retirement planning. RMDs can impact social security taxation and Medicare premiums. Chapters 00:00 Introduction to Required Minimum Distributions 03:00 Understanding RMD Calculations and Implications 06:04 RMD Rules and Changes in Secure Act 2.0 09:10 Consequences of Not Taking RMDs 11:59 Aggregating RMDs Across Accounts 14:53 RMD Calculation Examples and Life Expectancy Tables 21:04 Exploring RMDs on Inherited Accounts 25:54 Qualified Charitable Distributions and Future Topics   Links The Retirement Planning Guidebook: 2nd Edition has just been updated for 2024! Visit your preferred book retailer or simply click here to order your copy today: https://www.wadepfau.com/books/  This episode is sponsored by McLean Asset Management. Visit https://www.mcleanam.com/retirement-income-planning-llm/ to download McLean's free eBook, “Retirement Income Planning”

In this week's podcast, Certified Retirement Counselor Miguel Gonzalez challenges your retirement savings knowledge with a True or False test. Tune in to see how much you know!Cortburg Retirement Advisors is a full-service, boutique financial planning firm dedicated to guiding clients through both turbulent and calm economies. Our mission is to help you grow, protect, and preserve your assets from your first job through retirement. With comprehensive in-house capabilities, our experienced team assists with all financial needs, including wealth management, estate and tax planning, group retirement, employee benefits, insurance, and retirement planning.About Miguel Gonzalez, MBA, AIF®, CPFA®, PPC®, CRC®Miguel Gonzalez is a Retirement Specialist with over 20 years of experience in retirement income planning, investment management, and retirement plan design.Former Financial Advisor at JP Morgan Chase Bank, Merrill Lynch, and ING Financial Advisors.Consultant for Barbara Corcoran Inc. and the World Bank.MBA from Columbia Business School.Life and Health insurance licenses, Series 7 and 66 registrations held through LPL Financial.Fluent in English, Spanish, and Russian.Certifications: Certified Retirement Counselor®, Certified Plan Fiduciary Advisor®, Accredited Investment Fiduciary®, Professional Plan Consultant®.Welcome to Cortburg Speaks Retirement Podcast with Miguel Gonzalez, MBA, AIF®, CPFA®, CRC® CLICK HERE TO LISTEN TO MIGUEL'S LATEST PODCAST FOLLOW US ON: YouTube->https://m.youtube.com/c/CORTBURGRETIREMENTADVISORS Facebook-> https://m.facebook.com/CortburgInc Twitter-> https://twitter.com/CortburgInc LinkedIn->https://www.linkedin.com/in/miguelxgonzalez/ Website: www.CortburgRetirement.com Email: Miguel@CortburgRetirement.com

This episode with Miguel Gonzalez, Certified Retirement Counselor, dives into setting achievable retirement savings goals. Learn how to break down daunting numbers, navigate changing assumptions, and make your future self a priority to stay on track for a secure retirement.About Cortburg Retirement Advisors, Inc.Cortburg Retirement Advisors is a full-service, boutique financial planning firm dedicated to guiding clients through both turbulent and calm economies. Our mission is to help you grow, protect, and preserve your assets from your first job through retirement. With comprehensive in-house capabilities, our experienced team assists with all financial needs, including wealth management, estate and tax planning, group retirement, employee benefits, insurance, and retirement planning.About Miguel Gonzalez, MBA, AIF®, CPFA®, PPC®, CRC®Miguel Gonzalez is a Retirement Specialist with over 20 years of experience in retirement income planning, investment management, and retirement plan design.Former Financial Advisor at JP Morgan Chase Bank, Merrill Lynch, and ING Financial Advisors.Consultant for Barbara Corcoran Inc. and the World Bank.MBA from Columbia Business School.Life and Health insurance licenses, Series 7 and 66 registrations held through LPL Financial.Fluent in English, Spanish, and Russian.Certifications: Certified Retirement Counselor®, Certified Plan Fiduciary Advisor®, Accredited Investment Fiduciary®, Professional Plan Consultant®.#cortburgspeaksretirement  #retirement #retirementplanning #retirementtips #retirementincome #retirementincomeplanning #retirementgoals #retirementinvesting #retirementadvice #retirementgoals #stockmarket #moneymanagement #wealthmanagement #financetips #financialadvice #financialfreedom #financialeducation #insurance #CortburgSpeaksRetirement #MiguelXGonzalez #retirementmyths, #retirementplanning, #financialtips, #MiguelGonzalez, #CortburgRetirementAdvisors, #retirementadvice, #retirementsuccess, #retirementreality, #financialwellness, #retirementsavings, #retirementhealth, #postretirementplanning, #retirementsimplifiedWelcome to Cortburg Speaks Retirement Podcast with Miguel Gonzalez, MBA, AIF®, CPFA®, CRC® CLICK HERE TO LISTEN TO MIGUEL'S LATEST PODCAST FOLLOW US ON: YouTube->https://m.youtube.com/c/CORTBURGRETIREMENTADVISORS Facebook-> https://m.facebook.com/CortburgInc Twitter-> https://twitter.com/CortburgInc LinkedIn->https://www.linkedin.com/in/miguelxgonzalez/ Website: www.CortburgRetirement.com Email: Miguel@CortburgRetirement.com

In this episode, Alex and Wade discuss tax-efficient retirement strategies, specifically focusing on tax diversification. They explain the three broad types of tax treatments in the tax code: taxable accounts, tax-deferred accounts (such as IRAs and 401ks), and tax-exempt accounts (such as Roth IRAs). They highlight the importance of having assets in each category to provide flexibility in retirement planning. They also discuss the characteristics and advantages of each type of account, including tax treatment, liquidity, and growth potential. Additionally, they touch on the different methods of tracking cost basis in taxable accounts. In this conversation, Alex and Wade discuss tax-efficient retirement distribution strategies. They cover the different types of retirement accounts, including tax-deferred accounts (such as traditional IRAs and 401(k)s), tax-exempt accounts (such as Roth IRAs and Roth 401(k)s), and taxable accounts. They explain the tax advantages and disadvantages of each type of account and discuss the importance of considering your current and future tax rates when deciding where to contribute. They also touch on the backdoor Roth contribution strategy and the concept of required minimum distributions (RMDs). Overall, the conversation emphasizes the importance of tax efficiency in retirement planning.   Takeaways Tax diversification involves having assets in taxable accounts, tax-deferred accounts, and tax-exempt accounts to provide flexibility in retirement planning. Taxable accounts are the least tax-efficient but offer advantages such as preferential income treatment, step-up in basis at death, and liquidity. Tax-deferred accounts, such as IRAs and 401ks, offer tax deductions on contributions and tax-deferred growth, but have required minimum distributions and early withdrawal penalties. Tax-exempt accounts, such as Roth IRAs, offer tax-free growth and tax-free distributions, but contributions are not tax-deductible. Tracking cost basis in taxable accounts can be done using methods like average cost, first in first out (FIFO), or specific identification of tax lots. Consider your current and future tax rates when deciding where to contribute to retirement accounts. Tax-deferred accounts (such as traditional IRAs and 401(k)s) provide a tax deduction now but are taxed upon withdrawal. Tax-exempt accounts (such as Roth IRAs and Roth 401(k)s) are funded with after-tax dollars but provide tax-free withdrawals in retirement. Taxable accounts have no tax advantages but offer flexibility and liquidity. The backdoor Roth contribution strategy allows high-income earners to contribute to a Roth IRA by making a non-deductible contribution to a traditional IRA and then converting it to a Roth IRA. Required minimum distributions (RMDs) are mandatory withdrawals from tax-deferred retirement accounts starting at age 72 (or 70.5 for those born before 1960). Tax efficiency is an important aspect of retirement planning and can have a significant impact on your overall financial situation.   Chapters 00:00 Introduction and Excitement for Tax-Efficient Retirement Strategies 01:26 Tax-Efficient Retirement Distributions as a General Theme 03:01 Understanding Tax Diversification and the Three Types of Tax Treatments 04:20 Advantages and Considerations of Taxable Accounts 15:11 Benefits and Limitations of Tax-Deferred Accounts 25:14 The Advantages of Tax-Exempt Accounts 26:04 Methods of Tracking Cost Basis in Taxable Accounts 00:31 Overview of Retirement Accounts 08:43 Tax-Deferred Accounts 18:30 Tax-Exempt Accounts 25:14 Taxable Accounts 28:47 Backdoor Roth Contribution 33:44 Required Minimum Distributions (RMDs) 38:26 Tax Efficiency in Retirement Planning 45:11 Retirement Tax Cliff 47:09 Conclusion   Links The Retirement Planning Guidebook: 2nd Edition has just been updated for 2024! Visit your preferred book retailer or simply click here to order your copy today: https://www.wadepfau.com/books/  This episode is sponsored by McLean Asset Management. Visit https://www.mcleanam.com/retirement-income-planning-llm/ to download McLean's free eBook, “Retirement Income Planning”

Join Miguel Gonzalez, a Certified Retirement Counselor with over 20 years of experience, as he guides you through essential strategies to ensure a smooth and confident transition into retirement.About Cortburg Retirement Advisors, Inc.Cortburg Retirement Advisors is a full-service, boutique financial planning firm dedicated to guiding clients through both turbulent and calm economies. Our mission is to help you grow, protect, and preserve your assets from your first job through retirement. With comprehensive in-house capabilities, our experienced team assists with all financial needs, including wealth management, estate and tax planning, group retirement, employee benefits, insurance, and retirement planning.About Miguel Gonzalez, MBA, AIF®, CPFA®, PPC®, CRC®Miguel Gonzalez is a Retirement Specialist with over 20 years of experience in retirement income planning, investment management, and retirement plan design.Former Financial Advisor at JP Morgan Chase Bank, Merrill Lynch, and ING Financial Advisors.Consultant for Barbara Corcoran Inc. and the World Bank.MBA from Columbia Business School.Life and Health insurance licenses, Series 7 and 66 registrations held through LPL Financial.Fluent in English, Spanish, and Russian.Certifications: Certified Retirement Counselor®, Certified Plan Fiduciary Advisor®, Accredited Investment Fiduciary®, Professional Plan Consultant®.#cortburgspeaksretirement  #retirement #retirementplanning #retirementtips #retirementincome #retirementincomeplanning #retirementgoals #retirementinvesting #retirementadvice #retirementgoals #stockmarket #moneymanagement #wealthmanagement #financetips #financialadvice #financialfreedom #financialeducation #insurance #CortburgSpeaksRetirement #MiguelXGonzalez #retirementmyths, #retirementplanning, #financialtips, #MiguelGonzalez, #CortburgRetirementAdvisors, #retirementadvice, #retirementsuccess, #retirementreality, #financialwellness, #retirementsavings, #retirementhealth, #postretirementplanning, #retirementsimplifiedWelcome to Cortburg Speaks Retirement Podcast with Miguel Gonzalez, MBA, AIF®, CPFA®, CRC® CLICK HERE TO LISTEN TO MIGUEL'S LATEST PODCAST FOLLOW US ON: YouTube->https://m.youtube.com/c/CORTBURGRETIREMENTADVISORS Facebook-> https://m.facebook.com/CortburgInc Twitter-> https://twitter.com/CortburgInc LinkedIn->https://www.linkedin.com/in/miguelxgonzalez/ Website: www.CortburgRetirement.com Email: Miguel@CortburgRetirement.com

This week Miguel Gonzalez, CRC, shares practical tips for those 10 years away from retirement to help plan for a smooth and stress-free transition.About Cortburg Retirement Advisors, Inc. Join Miguel Gonzalez, CRC, this week as he tackles the crucial question of when to start receiving Social Security benefits. Tune in to learn how your decision impacts your financial future and get expert insights to help you make the best choice for your unique situation.About Cortburg Retirement Advisors, Inc.Cortburg Retirement Advisors is a full-service, boutique financial planning firm dedicated to guiding clients through both turbulent and calm economies. Our mission is to help you grow, protect, and preserve your assets from your first job through retirement. With comprehensive in-house capabilities, our experienced team assists with all financial needs, including wealth management, estate and tax planning, group retirement, employee benefits, insurance, and retirement planning.About Miguel Gonzalez, MBA, AIF®, CPFA®, PPC®, CRC®Miguel Gonzalez is a Retirement Specialist with over 20 years of experience in retirement income planning, investment management, and retirement plan design.Former Financial Advisor at JP Morgan Chase Bank, Merrill Lynch, and ING Financial Advisors.Consultant for Barbara Corcoran Inc. and the World Bank.MBA from Columbia Business School.Life and Health insurance licenses, Series 7 and 66 registrations held through LPL Financial.Fluent in English, Spanish, and Russian.Certifications: Certified Retirement Counselor®, Certified Plan Fiduciary Advisor®, Accredited Investment Fiduciary®, Professional Plan Consultant®.Welcome to Cortburg Speaks Retirement Podcast with Miguel Gonzalez, MBA, AIF®, CPFA®, CRC® CLICK HERE TO LISTEN TO MIGUEL'S LATEST PODCAST FOLLOW US ON: YouTube->https://m.youtube.com/c/CORTBURGRETIREMENTADVISORS Facebook-> https://m.facebook.com/CortburgInc Twitter-> https://twitter.com/CortburgInc LinkedIn->https://www.linkedin.com/in/miguelxgonzalez/ Website: www.CortburgRetirement.com Email: Miguel@CortburgRetirement.com

In this week's podcast with Miguel Gonzalez, CRC, learn how to maximize your retirement income through smart tax strategies and effective account management.Cortburg Speaks Retirement - episode #201Landing page:  https://www.cortburgretirement.com/audio-podcast About Cortburg Retirement Advisors, Inc. Cortburg Retirement Advisors is a full-service, boutique financial planning firm - helping guide clients through turbulent and calm economies. Their goal is to help grow, protect, and preserve their assets from their first job through retirement. Cortburg's “all in one house” capabilities mean that their experienced team can help with all financial needs - wealth management, estate and tax planning, group retirement, employee benefits, insurance, and retirement planning.    Cortburg, retirement, retirement planning, retirement tips, retirement income, retirement income planning, retirement goals, retirement investing, retirement advice, retirement goals, stock market, money management, wealth management, finance tips, financial advice, financial freedom, financial education, insurance, Cortburg Speaks Retirement, MiguelXGonzalez Welcome to Cortburg Speaks Retirement Podcast with Miguel Gonzalez, MBA, AIF®, CPFA®, CRC® CLICK HERE TO LISTEN TO MIGUEL'S LATEST PODCAST FOLLOW US ON: YouTube->https://m.youtube.com/c/CORTBURGRETIREMENTADVISORS Facebook-> https://m.facebook.com/CortburgInc Twitter-> https://twitter.com/CortburgInc LinkedIn->https://www.linkedin.com/in/miguelxgonzalez/ Website: www.CortburgRetirement.com Email: Miguel@CortburgRetirement.com

In this episode, Alex, Wade, and Jason discuss what to expect in retirement. They cover several major lifestyle changes that occur during retirement, including the loss of work identity, increases in unstructured time, changes in social connections, shifts in physical health, adjustments in daily routines, and the need for financial planning. They provide insights on both the positive and negative aspects of these changes and offer suggestions on how to navigate them. In this conversation, the hosts discuss the importance of structure and routines in retirement. They highlight the difference between structuring time and developing routines, emphasizing the need for both to maintain a sense of purpose and productivity. They also explore the challenges of spending more time with a spouse or partner in retirement and the importance of communication and finding a balance between shared activities and individual interests. The hosts also touch on the impact of social connections and the need to build new networks outside of work. Lastly, they discuss the health and aging process in retirement, emphasizing the importance of managing physical and mental health and avoiding negative feedback loops.   Takeaways Retirement involves major lifestyle changes that can have both positive and negative impacts. Losing work identity and a sense of purpose can be challenging, but it also presents an opportunity to create a new identity based on personal interests and passions. Having unstructured time in retirement can lead to boredom and unhealthy habits, so it's important to establish a new routine and pursue meaningful activities. Maintaining social connections and building new relationships is crucial for overall well-being in retirement. Physical health may change in retirement, and it's important to prioritize self-care and engage in regular exercise. Adjusting daily routines and finding a balance between relaxation and productivity is key to enjoying retirement. Financial planning is essential to ensure a secure and comfortable retirement. Each individual's retirement experience is unique, and the impact of these lifestyle changes will vary. Retirement is an exciting opportunity for personal growth and exploration. Structure and routines are essential in retirement to maintain a sense of purpose and productivity. Spending more time with a spouse or partner in retirement requires communication and finding a balance between shared activities and individual interests. Building new social connections outside of work is important to combat social isolation in retirement. Managing physical and mental health is crucial in retirement, and avoiding negative feedback loops is key. Creating a financial plan that addresses retirement income style and funded ratio is essential for a successful retirement. Chapters 00:00 Introduction and Overview 02:03 Chapter 1: Navigating the Loss of Work Identity in Retirement 11:39 Chapter 2: Managing Unstructured Time in Retirement 15:10 Chapter 3: Maintaining Social Connections in Retirement 18:13 Chapter 5: Adjusting Daily Routines in Retirement 20:47 Chapter 6: The Importance of Financial Planning in Retirement 26:38 Building New Social Connections in Retirement 32:58 Managing Health and Aging in Retirement 39:59 Creating a Financial Plan for Retirement   Links Registration for the next Retirement Income Challenge is OPEN: Learn more and join us for this LIVE 4-Day event starting on August 26th-29th, 2024 from 12:00 -2:00 PM ET each day by visiting risaprofile.com/podcast The Retirement Planning Guidebook: 2nd Edition has just been updated for 2024! Visit your preferred book retailer or simply click here to order your copy today: https://www.wadepfau.com/books/  This episode is sponsored by McLean Asset Management. Visit https://www.mcleanam.com/retirement-income-planning-llm/ to download McLean's free eBook, “Retirement Income Planning”

In this episode of Big Picture Retirement, Devin is joined by Alexander Davis, a financial advisor at Carroll Advisory Group, to address some of the most pressing questions from our listeners. Together, they answer a range of questions, including: Charles' query on the order and process of completing Required Minimum Distributions (RMDs) before making Roth Conversions. Ted's strategy on transitioning maturing tIRA CDs into investment grade and Treasury short and intermediate-term bond funds, and the potential benefits of bond ETFs. Kathy's decision-making process around her company's "Social Security Leveling" offer and its impact on her retirement plan. Claire's approach to allocating her funds in the first year of retirement, balancing between funds, dividend-paying stocks, cash reserves, and a contingency pot for market fluctuations. Chris' best practices for creating an income stream from Roth and pretax retirement assets, considering the effectiveness of dollar-cost averaging in withdrawal strategies. Mike's frustrations with financial advisors who focus more on sales pitches than on comprehensive retirement planning, and his successful journey of managing his own retirement plan for over six years. If you're thinking, "I love the Big Picture Retirement podcast!” please consider rating and reviewing this show! This helps us support more people, just like you, move toward a confident retirement.  Just scroll down to the “ratings and reviews” section, tap to rate with five stars, and select “Write a Review.” Then be sure to let us know what you loved most about the episode! Also, if you haven't done so already, follow the podcast. We add new content every week, and if you're not following, you'll likely miss out. Follow now! Don't miss the Big Picture Retirement Planning Cheat Sheet. We've distilled the essential brackets, thresholds, and rules of retirement into an easy-to-digest, three-page summary. https://www.carrolladvisory.com/pl/2148282517 Want to ask Devin or John your question? Just visit https://www.bigpictureretirement.com/ and look for the tab on the right side that says “Send A Voicemail. ”Although this show does not provide specific tax, legal, or financial advice, you can engage Devin or John through their individual firms. Contact Devin's team athttps://www.carrolladvisory.com/ Contact John's team athttps://www.rossandshoalmire.com/ Want to ask a question? You can find us in our Facebook group. https://www.facebook.com/groups/bigpictureretirement

In what ways can past market performance help you plan for a financially confident future? It involves sifting through the data and understanding when and where that information is most applicable.  In this episode, we discuss:  How the stock market has evolved In what instances past market data is useful How long term vs. short term expectations differ Today's article comes from Retirement Researcher titled, How Useful is Historical Data in Predicting Future Returns? Listen in as Founder and CEO of Howard Bailey Financial, Casey Weade, breaks down the article and provides thoughtful insights and advice on how it applies to your unique financial situation. Our Market Outlook Webinar is live! Visit https://bit.ly/4bmHkUb to register. Show Notes: RetireWithPurpose.com/448 Rate & Review the Podcast: RetireWithPurpose.com/review

Just VanMatre joins us again to talk about the Kristaps Porzingis injury and how that impacts the team including the contracts of Kornet & Tillman BUT we also talk about how it impacts another Boston Celtics Reunion! We also discuss the Sam Hauser and Derrick White Extensions so make sure to tune in! If you're looking to buy or sell a home in the near future meet Deb Burke, your trusted realtor at Compass Real Estate, serving MA and NH. With a passion for finding dream homes, Deb is committed to making your real estate journey a breeze. Whether you're buying or selling, Deb's got your back. Reach out today at 978-930-4621 or email deb.burke@compass.com to start your next chapter. Let's turn your real estate dreams into reality! Are you tired of insurance options that leave you feeling lost in the dark? Look no further than Joe Lyman of Brightway Insurance! Joe goes above and beyond to find the perfect coverage for you. So whether it's homeowners, renters, car, commercial or even pet insurance, Joe will make sure you're protected where and when it matters most. Contact Joe at Joe.Lyman@brightwayinsurance.com  today and let him brighten your path to peace of mind. So whether you're driving, working out, or just relaxing, make sure to check out Joe Lyman at Brightway Insurance. Brightway Insurance, your beacon in the world of insurance.  In the game of life, retirement planning is your MVP move. And when it comes to securing your financial future, trust the experts who know how to score big. Hynes Financial Partners is Merrimack Valley's trusted financial firm specializing in Retirement Income Planning. At Hynes Financial Partners we understand that retirement isn't just about saving; it's about creating a game plan tailored to your unique goals and dreams. Don't leave your retirement to chance. Contact Hynes Financial Partners in North Billerica and game plan your winning strategy today. --- Support this podcast: https://podcasters.spotify.com/pod/show/guy-deplacido/support

The Boston Celtics had the 30th and 54th pick in the NBA Draft and walked away with Baylor Scheierman and Anton Watson. Baylor looks like a legitimate Sam Hauser Insurance Policy which is great news. Justin VanMatre and I break it all down! If you're looking to buy or sell a home in the near future meet Deb Burke, your trusted realtor at Compass Real Estate, serving MA and NH. With a passion for finding dream homes, Deb is committed to making your real estate journey a breeze. Whether you're buying or selling, Deb's got your back. Reach out today at 978-930-4621 or email deb.burke@compass.com to start your next chapter. Let's turn your real estate dreams into reality! Are you tired of insurance options that leave you feeling lost in the dark? Look no further than Joe Lyman of Brightway Insurance! Joe goes above and beyond to find the perfect coverage for you. So whether it's homeowners, renters, car, commercial or even pet insurance, Joe will make sure you're protected where and when it matters most. Contact Joe at Joe.Lyman@brightwayinsurance.com  today and let him brighten your path to peace of mind. So whether you're driving, working out, or just relaxing, make sure to check out Joe Lyman at Brightway Insurance. Brightway Insurance, your beacon in the world of insurance.  In the game of life, retirement planning is your MVP move. And when it comes to securing your financial future, trust the experts who know how to score big. Hynes Financial Partners is Merrimack Valley's trusted financial firm specializing in Retirement Income Planning. At Hynes Financial Partners we understand that retirement isn't just about saving; it's about creating a game plan tailored to your unique goals and dreams. Don't leave your retirement to chance. Contact Hynes Financial Partners in North Billerica and game plan your winning strategy today. --- Support this podcast: https://podcasters.spotify.com/pod/show/guy-deplacido/support

The NBA Finals have come and gone and who better than The Celtics Files own Justin Trombino to help break it down. We talk about the heated Jayson Tatum and Jaylen Brown MVP debate, Jrue Holiday stepping into his own, Horford stepping up in Porzingis's absence, Mazzulla becoming "a legend" and much more! You do not want to miss this! If you're looking to buy or sell a home in the near future meet Deb Burke, your trusted realtor at Compass Real Estate, serving MA and NH. With a passion for finding dream homes, Deb is committed to making your real estate journey a breeze. Whether you're buying or selling, Deb's got your back. Reach out today at 978-930-4621 or email deb.burke@compass.com to start your next chapter. Let's turn your real estate dreams into reality! Are you tired of insurance options that leave you feeling lost in the dark? Look no further than Joe Lyman of Brightway Insurance! Joe goes above and beyond to find the perfect coverage for you. So whether it's homeowners, renters, car, commercial or even pet insurance, Joe will make sure you're protected where and when it matters most. Contact Joe at Joe.Lyman@brightwayinsurance.com  today and let him brighten your path to peace of mind. So whether you're driving, working out, or just relaxing, make sure to check out Joe Lyman at Brightway Insurance. Brightway Insurance, your beacon in the world of insurance.  In the game of life, retirement planning is your MVP move. And when it comes to securing your financial future, trust the experts who know how to score big. Hynes Financial Partners is Merrimack Valley's trusted financial firm specializing in Retirement Income Planning. At Hynes Financial Partners we understand that retirement isn't just about saving; it's about creating a game plan tailored to your unique goals and dreams. Don't leave your retirement to chance. Contact Hynes Financial Partners in North Billerica and game plan your winning strategy today.= --- Support this podcast: https://podcasters.spotify.com/pod/show/guy-deplacido/support

THE CELTICS ARE YOUR NBA FINALS CHAMPIONS!!!! They beat the Mavs by 18 (106-88) to win their 18th Banner on 6/17 which just happens to be the area code for Boston. If you didn't believe the NBA was scripted, maybe you do now (I'm just joking). What makes it even sweeter is the fact that after getting criticized over and over for being overpaid, JB won Finals MVP!! This team has been special all year long. It was clear from Day 1 that they had the talent to win it all but there were still questions. People questioned whether or not the Jays had the mental fortitude to do it. They questioned whether or not Mazzulla could do it. They questioned whether they had been tested enough during the postseason. Well all those questions have been answered!!! The answer is YES!!! God, I cannot wait for the parade later this week!!! If you're looking to buy or sell a home in the near future meet Deb Burke, your trusted realtor at Compass Real Estate, serving MA and NH. With a passion for finding dream homes, Deb is committed to making your real estate journey a breeze. Whether you're buying or selling, Deb's got your back. Reach out today at 978-930-4621 or email deb.burke@compass.com to start your next chapter. Let's turn your real estate dreams into reality! Are you tired of insurance options that leave you feeling lost in the dark? Look no further than Joe Lyman of Brightway Insurance! Joe goes above and beyond to find the perfect coverage for you. So whether it's homeowners, renters, car, commercial or even pet insurance, Joe will make sure you're protected where and when it matters most. Contact Joe at Joe.Lyman@brightwayinsurance.com  today and let him brighten your path to peace of mind. So whether you're driving, working out, or just relaxing, make sure to check out Joe Lyman at Brightway Insurance. Brightway Insurance, your beacon in the world of insurance.  In the game of life, retirement planning is your MVP move. And when it comes to securing your financial future, trust the experts who know how to score big. Hynes Financial Partners is Merrimack Valley's trusted financial firm specializing in Retirement Income Planning. At Hynes Financial Partners we understand that retirement isn't just about saving; it's about creating a game plan tailored to your unique goals and dreams. Don't leave your retirement to chance. Contact Hynes Financial Partners in North Billerica and game plan your winning strategy today. --- Support this podcast: https://podcasters.spotify.com/pod/show/guy-deplacido/support