Podcasts about retirement plans

After a lifetime of service to the growing minds of America, teachers deserve a quality retirement. Educators looking to save money beyond their pension plan are being taken advantage of by predatory retirement plans, and I want to put a stop to it. On this episode, I'm breaking down how to avoid bad 403(b) and 457 retirement plans and steps you can take toward better retirement solutions. You will want to hear this episode if you are interested in... The teacher retirement problem [1:33] What are 403(b) and 457 retirement plans? [3:41] Avoiding high costs and variable annuity retirement plans [5:58] Taking steps towards better retirement solutions [9:24] Understanding the educational retirement dilemma Teachers hold a special place in my heart, thanks to my mom's decades-long dedication to kindergarten education. They often go unrecognized for their hard work, especially in terms of retirement savings. In Connecticut and beyond, teachers have pension plans, but they're often taken advantage of by certain financial institutions pushing additional investment through high-fee retirement accounts. I recently spoke with a client whose daughter, a new teacher, was pitched a retirement plan at her school by an insurance company. These plans seem beneficial, but hide exorbitant fees in fine print that siphon away teachers' hard-earned money without their awareness. 403(b) and 457 retirement plans are not inherently bad of course. A 403(b) plan is a retirement savings option tailored for non-profit organizations, much like the 401(k) for other sectors. With a $23,000 contribution limit pre-tax (and the option for after-tax contributions), it's a way to save for retirement while potentially reducing taxable income. There's also a $7,500 catch-up provision for individuals over 50. The problem lies in the predatory fees charged by some of the institutions that offer them. The real problem with variable annuity retirement plans One of the biggest issues is that cities and school districts are not negotiating better retirement plan options for their teachers. Teachers across several states, including Connecticut, are facing a concerning trend in their retirement savings due to the proliferation of high-cost variable annuity retirement plans. These plans, often offered by companies like AXA, Ameriprise, and others, impose hefty fees, sometimes as high as 3% annually, eating into teachers' hard-earned savings before any growth.  The problem is exacerbated by additional charges like surrender fees, lasting up to 10 years, unique to these plans. What's alarming is that while other retirement plans have evolved to lower costs, these variable annuity plans haven't kept pace. These fees erode the potential for robust retirement savings and need urgent attention to protect teachers' financial futures. Listen to this episode for steps you can take toward better retirement solutions! Resources Mentioned Retirement Readiness Review Subscribe to the Retire with Ryan YouTube Channel 403bwise Connect With Morrissey Wealth Management  www.MorrisseyWealthManagement.com/contact

Last month, a U.S Bankruptcy Court approved terminating the 401k employee benefit plan for former employees because the business no longer exists. Emily Kimmel with KCSB News has the story.

In this episode, Brandon shares a recent exchange with a car mechanic, showcasing the dealership's commitment to transparency and customer safety. He uses the experience to point out the similarities between auto repair language and the complexities of financial advice, highlighting the fear and intimidation people often feel in both scenarios.   Much like the car owner's fear of deceptive mechanics, individuals often worry about navigating the complexities of financial advisors. The importance of transparency and a comprehensive risk and fee analysis becomes evident to help ensure financial confidence.   If you've been contemplating a second opinion on your financial portfolio, go to BowenWealth.com to start a conversation about securing your financial future with confidence.See omnystudio.com/listener for privacy information.

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Many people think contributing to a 401k is enough to plan for retirement, but will that last? Consumer advocate Thomas Lipscomb is in the studio, taking us through the Retirement Help Center video series. If you have questions about taxes in retirement, or if you want a second opinion on your retirement plan, contact Coach Pete and the team at Capital Financial at (800) 661-7383.See omnystudio.com/listener for privacy information.

As a business owner, retirement planning often takes a backseat to running your company. In this episode of the SK Wealth Podcast, we explore why retirement plans are vital and how to select the right one. Rebecca and Andrew discuss attracting talent, increasing engagement, and tax savings as key benefits of retirement plans for business owners. You'll learn about various plan options, including SEP IRAs, SIMPLE IRAs, Individual 401(k)s, and more, and the importance of consulting with professionals to make informed decisions. Listen for a client success story and insights on investment options within these plans.

Looking for inspiration or role models? Look no further.

As the year winds down we're looking ahead to 2024 and what changes are in store for many in the financial red zone, that's five to ten years from retirement. SECURE 2.0 has rolled out some changes that are shaking up how employer-sponsored retirement plans work. Tripp Limehouse covers the highlights and how some of the changes can make a positive difference in your retirement plan. The show winds up with questions from listeners. To connect with Tripp call 800-940-6979. Visit Limehouse Financial to learn more.See omnystudio.com/listener for privacy information.

Adam Ball and Van Connor are back with your seven day guide to everything movies: including reviews of The Retirement Plan, Wish, and Napoleon.A big thanks to our sponsors for this week at UNFOLD! Get a 15% discount and book a 30-minute free trial of UNFOLD's transformative 3 month program at www.cristinabonnet.com. Hosted on Acast. See acast.com/privacy for more information.

EP Wealth CFP Chad Burton discusses with Rob what you should know about 401k Retirement Plans and More on Rob and Chad's live webinar Thursday, December 7thSee omnystudio.com/listener for privacy information.

EP Wealth CFP Chad Burton discusses with Rob what you should know about 401k Retirement Plans and More on Rob and Chad's live webinar Thursday, December 7th

Your 60-second money minute. Today's topic: Working Longer is NOT a Retirement Plan

In this episode we talk about the importance of using key performance indicators beyond just investment performance to gauge the health of one's retirement plan. There are five crucial data points that form the foundation of a successful retirement strategy: passive income, effective tax rate, cash flow ratio, banking capacity, and horizontal asset allocation. By focusing on these metrics, you can adopt a comprehensive approach to retirement planning that factors in various financial variables and bridges the gaps in your financial plan. Business owners use KPIs or key performance indicators to track and understand the health of their business and marketing efforts. Those planning for retirement should consider their retirement KPIs to help measure the health of their financial situation. People often make the mistake of substituting investment performance for more meaningful key performance indicators. ROI is not the only KPI you should be paying attention to. People often view their finances in silos and tend to make standalone decisions about what to do while leaving out other important variables concerning their situation, which can result in having gaps in their overall retirement plan design. For example, the stock market can go down, but that doesn't necessarily mean your plan should change. The flipside is also true: the market may be up, but that could mean you need to make adjustments. Knowing what KPIs to use and how to use them can help measure the health of your overall financial situation, not just track portfolio performance. A KPI is simply a collection of data points that helps provide a consistent method for measuring and monitoring the health of your retirement plan. In my experience, there are five key data points needed to measure the effectiveness of a retirement plan. The first is passive income. Income is an obvious component and the central theme of a retirement plan. Income is not growth of a share or unit of a particular investment. It is the income generated from the share or unit of an investment. If there is a retirement income gap of $5,000 each month, the goal of the retirement plan is to not simply cash out investments each month or spend down savings to meet the goal. It is to create passive income sources that can consistently provide the cash flow. Missing this point can be catastrophic to the longevity of a retirement plan. The second is the effective tax rate. Tax rates in the United States of America are progressive. The more you make, the higher the marginal rate is on portions of your income. Marginal rates have their place when filing a return or making decisions about asset positioning. The effective tax rate is a single rate that's calculated using the total taxes that are paid against the gross income. This percentage gives us a better overall understanding of the impact taxes are having on retirement income. If the retirement income gap is $5,000 each month and the effective tax rate is 30%, we can determine the additional amount of income required to cover the tax liabilities. The more tax mitigation techniques you incorporate into a retirement plan, the less pressure there is on your assets to generate additional income just to pay the tax. The third is cash flow ratio. People often define cash flow too narrowly and often exclude things like taxes, retirement savings and health insurance premiums, which leaves gaps in understanding. It is also important to know the ratio of income to bank payments, taxes, savings insurance, as well as fixed and variable expenses. It's also important to know the earned income versus passive income ratio along with the number of different income sources you rely on to fund your lifestyle. The fourth is your banking capacity. When it comes to asset allocation, there is often the out-of-the-box structure where assets are divided up between investments and bank accounts. This approach oversimplifies a more complex situation and overlooks the realities of life and how people actually use and spend money. There are many factors to consider outside of just growing assets and covering emergencies, such as big ticket purchases and other family needs, that could benefit from incorporating a family bank into the financial plan. A family bank, aka Build Banking, is a specially designed life insurance contract that enables a family to have banking capabilities within their own financial ecosystem without relying on an actual bank outside of their financial situation. This piece is usually missing from most retirement plans. The fifth is horizontal asset allocation. Most people think of diversification as a vertical landscape of public market investments such as stocks, bonds, and mutual funds or ETFs, but that's the wrong idea. Asset allocation is similar to gardening. It requires diversity in many different forms to help manage growth, produce income, minimize risk and mitigate taxes. Adding things such as real estate businesses, private equity, life insurance, annuities, amongst other things, can provide characteristics and other elements of stability to help support a retirement plan. To develop a retirement plan, you must first identify the gaps in your existing situation, and then begin to work out on strategies to help fill those gaps. Having a way to measure passive income tax exposure, cashflow, asset allocation, and your baking capacity are the most important metrics to start with.     Mentioned in this episode: BrianSkrobonja.com Common Sense Financial Podcast on YouTube  Common Sense Financial Podcast on Spotify BrianSkrobonja.com/thegapreportstart      Investing involves risk, including the potential loss of principal. This is intended for informational purposes only. It is not intended to be used as the sole basis for financial decisions, nor should it be construed as advice designed to meet the particular needs of an individual's situation. Securities offered only by duly registered individuals through Madison Avenue Securities, LLC. (MAS), Member FINRA &SIPC. Advisory services offered only by duly registered individuals through Skrobonja Wealth Management (SWM), a registered investment advisor. Tax services offered only through Skrobonja Tax Consulting. MAS does not offer Build Banking or tax advice. Skrobonja Financial Group, LLC, Skrobonja Wealth Management, LLC, Skrobonja Insurance Services, LLC, Skrobonja Tax Consulting, and Build Banking are not affiliated with MAS. Skrobonja Wealth Management, LLC is a registered investment adviser. Advisory services are only offered to clients or prospective clients where Skrobonja Wealth Management, LLC and its representatives are properly licensed or exempt from licensure. The firm is a registered investment adviser with the state of Missouri, and may only transact business with residents of those states, or residents of other states where otherwise legally permitted subject to exemption or exclusion from registration requirements. Registration with the United States Securities and Exchange Commission or any state securities authority does not imply a certain level of skill or training.

In this movie, Nicolas Cage plays a retired grandpa with a secret past life as an assassin! We also discuss this article from Entertainment Weekly about featuring quotes from Nicolas Cage about AI and the film industry. This episode features the song "Shake and Bounce" by Sam Harris and the World Culture Band. Our theme music is by Alex O'Hagan. --- Send in a voice message: https://podcasters.spotify.com/pod/show/ufomtpod/message

The new year is around the corner and that means now is a great time to make sure your retirement and income plan are where they need to be. Kevin Brucher has some great suggestions including remembering to take RMD's to tax mitigating strategies to help wrap up 2023 and get ready for 2024. To learn more call 800-975-6717. Visit Silver Leaf Financial to learn more.See omnystudio.com/listener for privacy information.

Patrick is joined by friend and comedian Joel Edmiston to talk about Wes Anderson's first film. Download this episode here. (41.6 MB) Listen to F This Movie! on Spotify and on Apple Podcasts. Also discussed this episode: The Game (1997), Beyond a Reasonable Doubt (2009), Black Rain (1989), The Hunger Games: Ballad of Songbirds and Snakes (2023), The Retirement Plan (2023), Thanksgiving (2023)

As we approach 2024, the IRS has wasted no time in revealing their latest updates to the retirement plan limits. Renowned expert Steve Levy, CPA and JD, teams up with host Jarrod Bridgeman to analyze these new limits and shed light on their implications for practice owners.

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When someone retires in a household, there's a lot of adjustment needed which can become a new source of stress that the marriage has never experienced before. In this show, I cover 4 issues that couples need to be on the same page about as they plan towards retirement:  1. adjusting to a fixed income  2. disagreement on spending priorities  3. different retirement visions  4. risk tolerance and investment decisions  Listen in.  >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>  LET'S CONNECT Show website: https://www.providencefinancialpodcast.com Find us at: https://www.providencefinancialinc.com Get to know Anthony: https://anthonysaccaro.com Anthony's book: https://morelifethanmoneybook.com Amazon Author Page: https://amazon/author/anthonysaccaro YouTube: https://www.youtube.com/c/AnthonySaccaro/featured Radio: https://www.providencefinancialradio.com Yelp: https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills Facebook: https://www.facebook.com/Providence.FinancialInc/ Twitter: https://twitter.com/AnthonySaccaro LinkedIN: https://www.linkedin.com/in/anthonysaccaro/

Are you ready to take your life to the next level? Here's why it's time to be a loser.

When it comes to retirement planning, generating income is paramount. How to accomplish that can be tricky. Tripp Limehouse takes us on The Road to Retirement and shows how you can have sustainable income throughout your retirement. The show winds up with questions from listeners. To connect with Tripp call 800-940-6979. Visit Limehouse Financial to learn more.See omnystudio.com/listener for privacy information.

2023-11-17 Golden Life Podcast With Andrew & MoSee omnystudio.com/listener for privacy information.

There are plenty of changes in the rules for retirement thanks in part to SECURE Act 2.0. Eric Kearney and Joseph Lanza take us through the changes ahead for 2024. Then it's FAQ's with no two answers the same. From ‘how much do I need to retire' to should I take my pension as a lump sum or an annuity. That and much more on Wealthworx Radio. Call Eric Kearney 800-779-1942 Visit EricKearneyAdvisor.com to learn more. See omnystudio.com/listener for privacy information.

A cornucopia of fun retirement related stuff with an eye toward Thanksgiving. Coach Pete D'Arruda and Parker Holland break down a case study. Jeremy Nelson shares his thoughts on SECURE Act 2.0 and what lies ahead for 2024. John Papa has some suggestions on how to handle inflation in retirement. We'll hear from ‘Sweet Lou' and his rap on retirement. Visit Financial Pizza to learn more. Check out Broadcasting Experts to see how you can have your own podcast. Call 800-662-6808 or text PIZZA to 600700 to learn more. See omnystudio.com/listener for privacy information.

It's hard to believe that Thanksgiving is just a week away, and as we get closer to the end of the year it's time to be thinking about what we need to do to be tax-efficient. In this show, we cover 5 tax considerations and some of them have deadlines so pay close attention:  harvesting tax losses and gains Required Minimum Distributions (RMDs)  Qualified Charitable Distributions  Roth IRA conversions  maximize contributions to your tax-advantaged account >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> LET'S CONNECT Show website:  https://www.providencefinancialpodcast.com Find us at:  https://www.providencefinancialinc.com Get to know Anthony:  https://anthonysaccaro.com Anthony's book:  https://morelifethanmoneybook.com Amazon Author Page:  https://amazon/author/anthonysaccaro  YouTube:  https://www.youtube.com/c/AnthonySaccaro/featured Radio:  https://www.providencefinancialradio.com Yelp:  https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills Facebook:  https://www.facebook.com/Providence.FinancialInc/ Twitter:  https://twitter.com/AnthonySaccaro LinkedIN:  https://www.linkedin.com/in/anthonysaccaro/

Are you approaching retirement age or considering your options for Social Security benefits? It's essential to understand the rules and implications of working while collecting Social Security benefits.

In the inaugural episode of Troutman Pepper's three-part Employee Benefits and Executive Compensation podcast miniseries, hosts Lynne Wakefield, Constance Brewster, and Brianna Hourihan discuss recent legislative developments and pressing issues in the qualified retirement plan space. They delve into the key provisions of SECURE 2.0, proposed regulations on the use of forfeitures, the expansion of the Employee Plans Compliance Resolution System (EPCRS), and recent litigation trends, as well as year-end administrative tasks.Stay tuned for next week's episode, where hosts Lynne Wakefield and Lydia Parker will highlight key health and welfare plan developments as we close out 2023 and head into 2024.We are excited to announce that we will be hosting our annual webinar in September 2024, which will provide a comprehensive look at the future landscape of employee benefits and executive compensation.

In today's episode, we discuss how married couples frequently do not have the same retirement income style and how the RISA® Framework is used to identify solutions so that both individuals can feel confident with a retirement plan that satisfies both retirement styles. Currently, simply “splitting the difference” on an investment portfolio allocation based on risk tolerances is far short of the mark and we discuss how the RISA® addresses these shortcomings and points to a better way. Listen Now to learn more!   Links  Discover your Retirement Income Personality by signing up to take the RISA® here: https://risaprofile.com/style/   This episode is sponsored by Retirement Researcher https://retirementresearcher.com/. Download their free eBook, 8 Tips to Becoming A Retirement Income Investor at retirementresearcher.com/8tips

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We dive into two great topics in this episode — in our first segment, we speak with Jean Smart, CEO of Penelope, a fast-rising platform that makes 401Ks accessible for small business owners.  In our second segment, we speak with Shaun G. Bull, CEO of Enterprise Consultants Group in Los Angeles, California, about tax resolution and how he has come to the aid of small business owners dealing with tax debt.  SEGMENT #1 We discuss Penelope's mission to make 401Ks accessible to small businesses and entrepreneurs with Jean Smart from Penelope. Jean shares insights from her extensive financial services background and how her experiences during COVID-19 inspired Penelope's inception. We talk about Penelope's solutions to common challenges faced by small businesses, such as budget constraints and benefits administration complexity. Additionally, we get into Penelope's commitment to supporting women and minority business owners, offering multilingual resources and user-friendly, cost-effective retirement planning tools. SEGMENT #2 (Begins at 24:00) Small Business Tax Troubles, Meet Your Solution   In this enlightening interview, Shaun Bull, founder of Enterprise Consultants Group, discusses the crucial role of tax resolution specialists in aiding small business owners. Shaun emphasizes the importance of proactively managing taxes to avoid financial pitfalls, citing common mistakes such as divorce-related issues and the absence of a reliable accountant. For any resources mentioned on the show today, visit our show notes over at experian.com/smbmatters.    Want to help us grow? Drop us an honest review and rating on whichever platform you are listening on.   FOLLOW US Threads  Twitter Instagram Facebook Pinterest LinkedIn YouTube      

When was the last time you were uncomfortable? If it's been awhile or you can't remember, here's why that's a problem.

This episode originally appeared on July 28, 2023. Something a little different this week, we challenge the advisors to answer retirement related questions in the style of Regis Philbin and Who Wants to be a Retirement Millionaire. Join Dave Pimper out of Omaha, Nebraska, Kevin Brucher in Phoenix, Arizona, Joseph Lanza in Cape Coral, Florida, Mal Mason and Chae Kyle in Houston, Texas and Joe Murphy in Valparaiso, Indiana. Let's see who goes home with a million dollars. Visit Financial Pizza to learn more. Check out Broadcasting Experts to find out how you could have your own customized podcast. See omnystudio.com/listener for privacy information.

2023-11-10 Golden Life Podcast with Andrew & Mo   Reach out to Andrew and Mo at 800-419-6164 or https://www.assetmg-inc.com/See omnystudio.com/listener for privacy information.

A new report graded the retirement systems of countries across the world and America earned a C+...Coming up on today's show, how you can build an A+ retirement plan. Tripp Limehouse outlines ten keys that can help you achieve an A+ through out your retirement. The show winds up with questions from listeners. To connect with Tripp call 800-940-6979. Visit Limehouse Financial to learn more.See omnystudio.com/listener for privacy information.

#BRNAM #1546 | How longevity impacts the thinking around retirement plan investment line up design | Greg Jenkins, CFA, Invesco and Beth Halberstadt, Aon   | #Tunein: broadcastretirementnetwork.com #JustTheFacts For more information: invesco.com/retirementincome  

Keith Campbell Discusses His 46 Years at Mannington Mills and Retirement Plans by Floor Focus Magazine

The SECURE 2.0 Act of 2022 is a piece of legislation that passed at the end of last year and created new Roth options for business-sponsored retirement plans. There will be a new set of Roth features available for organizations that offer 401K, SEP IRA, or a simple IRA for their employees. Join us as we dive into the changes that you should know about, what additional Roth options you're going to have available at your disposal in the future, when people can expect to have these new features available, and whether it makes sense for you to offer them to your employees or take advantage of them for yourself.  [05.50] A catch-up contribution – Starting the conversation, Grant explains the catch-up contribution and the changes that might happen in 2025. [10.40] The difference – Grant talks about the difference between the Safe Harbor 401(k) plan and the Safe Harbor non-elective Contribution. [16.50] (SEP) IRA & Simple IRA – Grant explains how Simplified Employee Pension and SIMPLE IRA Plans work. [23.12] Roth treatments – We discuss how Roth treatments can be a helpful tool for your employees that wasn't available before. [28.47] Opposites – Grant explains how Roth accounts are the exact opposite of deferred tax setups.   Resources What You Need to Know About the SECURE Act 2.0 lordabbett.com/en-us/financial-advisor/insights/retirement-planning/what-you-need-to-know-about-the-secure-act-2-0.html   SECURE 2.0 Act of 2022 Title I – Expanding Coverage and Increasing Retirement Savings finance.senate.gov/imo/media/doc/Secure%202.0_Section%20by%20Section%20Summary%2012-19-22%20FINAL.pdf     Your Complete Guide to the SECURE 2.0 Act of 2022 adp.com/spark/articles/2023/04/your-complete-guide-to-the-secure-20-act-of-2022.aspx

Retirement tax planning is a critical part of your financial and retirement strategy. While it can be complex, taking the time to understand how taxes will impact your retirement can make a significant difference in your retirement well-being. **Free Retirement Download: The Checklist to Retirement:**

Retirement tax planning is a critical part of your financial and retirement strategy. While it can be complex, taking the time to understand how taxes will impact your retirement can make a significant difference in your retirement well-being. **Free Retirement Download: The Checklist to Retirement:**

America is facing a retirement disaster. Surveys have found that only 75% of non-retirees have any retirement savings with only 40% feeling that their retirement savings are on track. Can anything be done to prevent catastrophe? On this episode of the Dentist Money™ Show, Ryan and Matt look at the SECURE Act 2.0 and the benefits it adds to 401(k), IRA, Roth, and other retirement plans. Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.

With people living longer than ever, it's important to make sure your retirement plan lasts as long as you do. Jim Fox breaks down a list of the ingredients you need to create a proper retirement plan for the future. He also talks about why you should avoid the noise on social media.  Follow Jim and his team on Facebook. Learn more online, at Wadadli Financial Group.See omnystudio.com/listener for privacy information.

Our guest on the podcast today is syndicated personal finance columnist and author Scott Burns. Burns began his career as a newspaper columnist in The Boston Herald in 1977, where he was also the financial editor. In 1985, he joined the staff of The Dallas Morning News, where his column became one of the most widely read features in the paper. Along the way, he created what he called Couch Potato Investing, which involves buying and holding a broadly diversified portfolio of low-cost index mutual funds. Burns has authored or co-authored several books, including The Coming Generational Storm and Spend ‘Til the End, both of which he co-authored with Laurence Kotlikoff. He received bachelor's degrees in humanities and biology from the Massachusetts Institute of Technology.BackgroundBioCouch Potato InvestingThe Coming Generational Storm: What You Need to Know About America's Economic Future, by Laurence J. Kotlikoff and Scott BurnsSpend ‘Til the End: Raising Your Living Standard in Today's Economy and When You Retire, by Laurence J. Kotlikoff and Scott BurnsBonds and Retirement“Do Bonds Have a Future?” by Scott Burns, scottburns.com, May 14, 2022.“Scott Burns: These Four Pillars of Investing Stand the Test of Time,” by Scott Burns, The Dallas Morning News, July 20, 2023.Allan Roth“TIPS Ladder Funds Don't Yet Exist, but They Should,” by John Rekenthaler, Morningstar.com, June 16, 2023.“Is America Hitting Peak Consumption?” by Scott Burns, scottburns.com, Oct. 12, 2023.“The Pudding Report, 2022,” by Scott Burns, scottburns.com, Jan. 15, 2023.“Examining the Tax Deferral Gift Horse,” by Scott Burns, scottburns.com, April 8, 2023.Investing in Retirement“What's a Safe Withdrawal Rate Today?” by Christine Benz, Jeffrey Ptak, and John Rekenthaler, Morningstar.com, Dec. 13, 2022.“The 4 Percent Rule Is Not Safe in a Low-Yield World,” by Michael Finke, Wade Pfau, and David Blanchett, SSRN, Jan. 15, 2013.“The High Cost of Immortality,” by Scott Burns, scottburns.com, Dec. 18, 2022.“Making a Plan to Retire Now, Not Later,” by Scott Burns, scottburns.com, April 25, 2022.“Is Homeownership Bigger Than It Should Be?” by Scott Burns, scottburns.com, Nov. 14, 2020.“Is Downsizing in Retirement Actually Possible?” by Scott Burns, scottburns.com, Nov. 21, 2020.OtherPortfolio VisualizerCenter for Retirement Research at Boston CollegeEmployee Benefit Research InstituteKaiser Family Foundation

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The only time you should say these three words is if you're skydiving and your chute isn't prepared.

Welcome back everyone! First time in a long time that Hanna and Steve go back-to-back with some pods. You might say we're...ready for RETIREMENT??? My goodness - is that the greatest joke ever told? Wow...we did it...   Anywho - happy listening to our latest installment of this Nicolas Cage extravaganza: The Retirement Plan (2023) costarring Ron Perlman, Jackie Earl Haley, Ashley Green, Owen from Dodgeball, and Raven-Symone's mom from The Cheetah Girls!

IRS issues retirement plan numbers for 2024, again extends the 45 day grace period for §41 refund claims and more.

Can Jessie and Becky in Iowa retire now at age 52? Should Robert and his wife file their taxes separately, to pay less tax on their required minimum distributions? Can Joe and Al validate Mike in Minnesota's retirement plan, and does a backdoor Roth make sense for him? How in the world will Mike in New York be able to retire at a reasonable age? And what will retirement income look like for Marty in San Diego? Just spitballs here, no retirement advice! Timestamps: 00:49 - Can We Retire Now at Age 52? (Jessie and Becky, IA) 10:09 - Should We File Taxes Separately to Minimize Taxes on RMDs? (Robert) 19:56 - Validate Our Retirement Plan: Does a Backdoor Roth Make Sense? (Mike, MN) 25:11 - How in the World Am I Going to Retire at a Reasonable Age? (Mike, Utica, NY) 29:19 - What Will Our Retirement Income Look Like? (Marty, San Diego) 35:06 - The Derails Access this week's free financial resources in the podcast show notes at https://bit.ly/ymyw-453  Retirement Readiness Guide - free download Retirement Pop Quiz - how well do you know retirement? EASIRetirement.com - free retirement calculator Episode Transcript Ask Joe & Big Al On Air for your Retirement Spitball Analysis