Retirement Starts Today – Détails, épisodes et analyse

Originally aired April 2024:

It may be easy to define success in your working career, but defining success in retirement can be more difficult. What does success look like in retirement? What will you do daily or weekly to get the most out of your retirement?

In this episode of Retirement Starts Today, we’ll explore a TEDx talk about the 4 phases of retirement that many (but not all) experience. Click play to hear how you can squeeze the most juice out of your retirement.

For more information, visit the show notes at https://retirementstartstodayradio.com/the-4-phases-of-retirement-rebroadcast 

Originally aired February 2024:

You’ve heard of the 4% rule, and if you’ve listened to this podcast before, you’ve heard of Guyton’s guardrails strategy. But have you ever heard of using them together? Today’s retirement headline explores this idea.

Overall, the article highlights the importance of considering sequence-of-returns risk in retirement planning and adopting flexible strategies, such as guardrails, to ensure financial security throughout retirement.

Listen in to learn more about this combination of strategies as well as my opinion on the matter. Then stick around for the listener question segment where Bret and I answer the question: Do I need a will if I want to split my assets evenly between my two children?

Outline of This Episode

(02:11) Sequence of returns risk is the greatest risk to your retirement
(14:49) Should I have a will to split my assets evenly between my kids?

For more information, visit the show notes at https://retirementstartstodayradio.com/using-guardrails-for-the-4-rule-rebroadcast 

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Retirement Starts Today: Your Non-financial Guide to an Even Better Retirement

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Are you actually prepared for how upcoming tax law changes could impact your retirement? I analyze insights featured on the Nerd’s Eye View blog, focusing on key tax strategies for retirees. With the potential 2025 sunset of the Tax Cuts and Jobs Act approaching, potential changes in marginal tax rates, personal exemptions, and deductions could significantly affect tax planning, especially for higher-income earners.

Flexibility is super important when preparing for uncertain legislative changes. Roth conversions and gains harvesting are explored as ways to mitigate the potential impact of rising tax rates. By taking action now, retirees can strategically time income recognition and navigate these upcoming shifts in tax policy.

We’re going to keep this conversation centered around forward-thinking tax planning based on Nerd’s Eye View insights, helping retirees and financial advisors remain adaptable and ready for the changes that may come. Understanding these strategies can help you out big time, and lead to smarter decisions as the future tax landscape unfolds.

• [0:08] Discover October’s tax focus and new tool
• [1:06] Estimating Your Retirement Tax 
• [2:30] What happens when tax cuts sunset?
• [6:10] How to adapt to future tax changes effectively 
• [7:00] Roth conversions for tax efficiency
• [13:50] Listener question on retirement spending
• [18:00] Social Security as a contingency plan

• The Retirement Podcast Network
• Retirement Starts Today Tax Tool
• The Nerd’s Eye View Blog article

• Nerd’s Eye View

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• Dive deeper into retirement planning with Ben at www.RetirementIncome.University

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Have you ever thought about what the future might be like for your children and grandchildren? In this week’s retirement headline, we’ll explore a Wall Street Journal article called What Old Age Might Be Like for Today’s 30-Year-Olds. 

During the listener questions segment, one listener wonders whether it is possible to have too much Roth money. Finally, stay tuned for the personal development segment where we learn what Jerry is doing to find purpose and stay active in retirement. 

• [1:22] What old age might look like for today’s 30-year-olds
• [7:38] My thoughts
• [9:12] Is it possible to have too much Roth money?
• [13:57] Jerry’s investments in himself in retirement

• What Old Age Might Be Like for Today’s 30-Year-Olds
• BOOK - Raise Your Healthy Deserve Level by Gary Kadi
• The Retirement Manifesto

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Welcome back to Retirement Starts Today Radio! Today we have an extra special episode for two reasons. 

Today, you’ll finally meet our newest advisor, Bret Mulvaney. He joins me today to discuss the most recent legislation regarding tax and retirement planning. 

This entire episode is dedicated to reviewing the Secure Act 2.0. Listen in to learn what’s changing in retirement planning and how the Secure Act 2.0 will change your retirement tax situation.

• [2:12] The age for RMDs is changing
• [7:58] Qualified Charitable Distributions have not changed
• [10:35] Roth 401k or 403b no longer needed RMD
• [12:00] An update to 529 plans
• [16:58] Key takeaways

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Do you ever wish you could sneak a peek into someone else’s retirement financial plan? Our retirement headline this week does just that. The article, Some Now More Later, takes a look into Richard Connor’s decision-making process as he examines how best to allocate his retirement funds and how he and his wife decided how to claim their Social Security benefits.

After the retirement headlines segment, we’ll discuss the best way to rebalance a portfolio in retirement. And lastly, in the personal development segment, you’ll hear our first audio submission from Linda on how she made an investment in herself by committing to learning a foreign language in retirement. Don’t miss out on this informative episode!

• [1:52] Deciding how to claim Social Security with multiple sources of income
• [9:32] Connor and Vicky’s retirement income plan
• [17:18] A rebalancing question
• [23:20] Linda has started to learn Spanish in retirement

• Retirement Income University
• Some Now More Later
• Episode 277 - Social Security Benefits to Run Out Faster Due to Social Security COLA Increase
• OpenSocialSecurity.com

• Retirement Income University
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Welcome back to a new year or Retirement Starts Today Radio! Just as you have been envisioning your retirement, I’ve been envisioning exciting new things for this podcast. 

This year we are kicking off a couple of new additions to the show that I’m particularly excited about. After the retirement headlines, we’ll have our new Lead Financial Advisor, Bret, join us as an occasional co-host for the listener questions segment. In addition to our original segments, you’ll hear from listeners like yourself in our new personal development segment. 

On this episode, you’ll hear the latest news on the Social Security front, I’ll answer a question about the best investment options for mid-term investments in a retirement portfolio, and one listener, Frank, will describe how he is investing in his health to improve his retirement. Make sure to stick around until the end to hear the latest addition to your second favorite retirement podcast!

• [2:12] The number of American retirees is outpacing the number of workers
• [3:52] There are really only two ways to solve this problem
• [10:15] My thoughts on claiming Social Security
• [11:40] The best investment options for short and intermediate-term
• [17:39] Frank is proud of exercising every day in retirement

• Investment News article
• Episode 99 - What Can a Mullet Teach us About Portfolio Distribution? 

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Answer four simple questions and schedule an introductory Zoom call: www.retirementstartstoday.com/meeting

2050 seems like a long way away, however, it is closer than we think. In this week’s retirement headline, I share an article from Richard Archer at FinanceInsights.net which explores the future of retirement and the impact that technology has had on the past, present, and future of retirement.

In the listener questions segment, I help Bruce with a question about using individual bonds vs bond funds in retirement. 

You only have a couple of weeks left to answer our annual listener survey. It only takes about 3 minutes of your time to state your opinion and make your voice heard!

• [2:02] Will retired life be better in the future?
• [6:40] Technology can help retirees stay independent longer
• [11:08] Individual bonds or bond funds in retirement?
• [17:40] Using the portfolio immunization strategy

• Annual Listener Survey
• Retirement in 2050. Will Retired Life Be Better in the Future?
• Bond mutual funds article from Schwab

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Are you fed up with paying state income taxes? Before you pack your bags and move to a no income tax state you’ll want to listen to this episode. Moving to a different state to save money on taxes could cost more than you think. 

After listening to the retirement headline, make sure to stick around to hear Doug’s question about where to save extra money for retirement–my response may surprise you. 

• [1:22] Don’t move to save on income tax
• [6:33] Should I invest additional money in my tax-deferred 457B account?

• Why Moving to a State with Low Income Taxes Could Cost You

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