How to Retire on Time

“Hey Mike, can you walk through your planning process order and why you believe it needs to be that way? I’m a dividend investor and am building my plan around my portfolio, which you say is not the right way to go about it.” Discover why your lifestyle expectations and tax strategies should come before investments.Text your questions to 913-363-1234. Request Your Wealth Analysis by going to www.retireontime.com

“Hey Mike, my 401k is now offering lifetime income as a payout option. Isn’t that basically an annuity?” Discover the different structured payout options you could use in retirement. Text your questions to 913-363-1234. Request Your Wealth Analysis by going to www.retireontime.com

“Hey Mike, can you explain how indexed annuities work, how to plan with them, and so on?” Discover the good, the bad, and the ugly of indexed annuities, and when they may make sense as a part of your plan.Text your questions to 913-363-1234. Request Your Wealth Analysis by going to www.retireontime.com

“Hey Mike, where are good places to shop for fixed rate products?” Discover how to compare product options and where to look.Text your questions to 913-363-1234. Request Your Wealth Analysis by going to www.retireontime.com

“Hey Mike, how do you plan around IRMAA?” Discover how income timing, withdrawals, and tax strategy can help reduce IRMAA exposure.Text your questions to 913-363-1234. Request Your Wealth Analysis by going to www.retireontime.com

“Hey Mike, how should we react to the already crazy start to the new year?” Discover how to stay disciplined when headlines, volatility, and emotion collide.Text your questions to 913-363-1234. Request Your Wealth Analysis by going to www.retireontime.com

“Hey Mike, if you’re 50 years old and are just starting to save for retirement, what would you do?” Discover a realistic, no-panic framework that can help you catch up.Text your questions to 913-363-1234. Request Your Wealth Analysis by going to www.retireontime.com

“Hey Mike, what should I be looking for this year as I file my taxes?” Discover common missed opportunities, red flags, and planning insights hidden in your tax return.Text your questions to 913-363-1234. Request Your Wealth Analysis by going to www.retireontime.com

“Hey Mike, is it better to take social security late or take it before you need it and then invest it?” Discover how longevity, taxes, and guaranteed income can change the math.Text your questions to 913-363-1234. Request Your Wealth Analysis by going to www.retireontime.com

“Hey Mike, if you have enough income coming in, what do you recommend that you do with the extra cash flow?” Discover how to prioritize your extra cash flow when you consider taxes, liquidity, and legacy goals.Text your questions to 913-363-1234. Request Your Wealth Analysis by going to www.retireontime.com

“Hey Mike, how does a financial plan work? Can you give realistic expectations?” Discover what Mike believes a retirement plan should include, and what many people are surprised to learn once they start the planning process.Text your questions to 913-363-1234. Request Your Wealth Analysis by going to www.retireontime.com

“Hey Mike, I want to retire, but I’m having a hard time spending my money.” Discover ways to make sense in your mind of your retirement income, potential portfolio growth, and expenses in retirement.Text your questions to 913-363-1234. Request Your Wealth Analysis by going to www.retireontime.com

“Hey Mike, is there ever a situation where you should keep your debt when you retire?“ Discover when debt can be strategic and when it becomes a silent risk.Text your questions to 913-363-1234. Request Your Wealth Analysis by going to www.retireontime.com

“Hey Mike, if you are 2 to 5 years from retirement, is it wise to keep investing in growth?” Discover how to balance growth, protection, and liquidity as retirement approaches.Text your questions to 913-363-1234. Request Your Wealth Analysis by going to www.retireontime.com

“Hey Mike, what should I be looking for in my 1040 this year as I file my taxes?“ Discover how your tax return reveals planning opportunities many people overlook.Text your questions to 913-363-1234. Request Your Wealth Analysis by going to www.retireontime.com

“Hey Mike, how do you navigate helping your kids enter adulthood while saving for retirement and taking care of your parents?“ Discover how to set boundaries, prioritize goals, and avoid financial burnout.Text your questions to 913-363-1234. Request Your Wealth Analysis by going to www.retireontime.com

“Hey Mike, many of my friends have fired their advisors, put everything in the S&P 500, and are now dollar-cost-averaging out of the market to generate income. Does that strategy really work?“ Discover the hidden risks behind popular “DIY retirement income” strategies.Text your questions to 913-363-1234. Request Your Wealth Analysis by going to www.retireontime.com

“Hey Mike, is long-term care insurance worth buying at my age, or should I self-insure?” Discover the different ways you could prepare for long-term care expenses in retirement, and the benefits and detriments of each option.Text your questions to 913-363-1234. Request Your Wealth Analysis by going to www.retireontime.com

“Hey Mike, how do I calculate what my actual monthly expenses will be in retirement?” Discover why your monthly expenses may change when you retire, and how to figure out how much that could be.Text your questions to 913-363-1234. Request Your Wealth Analysis by going to www.retireontime.com

“Hey Mike, I have both a traditional IRA and a Roth IRA - which one should I pull from first in retirement?” Discover which type of account you may want to favor first and when it may make sense to blend income from both account types.Text your questions to 913-363-1234. Request Your Wealth Analysis by going to www.retireontime.com

“Hey Mike, what’s the biggest mistake you see people make when they’re about to retire?”Discover a common mistake many make when they retire and what you may want to do instead.Text your questions to 913-363-1234. Request Your Wealth Analysis by going to www.retireontime.com

“Hey Mike, what’s a safe withdrawal rate from my retirement accounts so I don’t run out of money?” Discover why a withdrawal rate can be a trap and why your withdrawals should be based on your plan projections and portfolio allocations instead. Text your questions to 913-363-1234. Request Your Wealth Analysis by going to www.retireontime.com

“Hey Mike, what’s the difference between a pension and an annuity, and which is better?” Discover why the two should be considered different, even though they have many similarities.Text your questions to 913-363-1234. Request Your Wealth Analysis by going to www.retireontime.com

“Hey Mike, what’s the best way to invest my money once I’m actually retired - should I get more conservative?” Discover why your growth portfolio should be different than your retirement portfolio.Text your questions to 913-363-1234. Request Your Wealth Analysis by going to www.retireontime.com

“Hey Mike, should I roll my 401(k) into an IRA when I retire, or leave it where it is?” Discover some of the benefits of keeping your money in your 401(k) when you retire, whether that’s for state tax purposes (403(b) specifically) or for the Rule of 55.Text your questions to 913-363-1234. Request Your Wealth Analysis by going to www.retireontime.com

“Hey Mike, I’m confused about when to start Social Security - should I take it early at 62 or wait until 70?” Discover why you need more information before you can determine when you should file for your Social Security benefits.Text your questions to 913-363-1234. Request Your Wealth Analysis by going to www.retireontime.com

“Hey Mike, how much should I really have saved before I can retire comfortably?” Discover why you need to understand your income needs in retirement before you can understand your retirement savings goals.Text your questions to 913-363-1234. Request Your Wealth Analysis by going to www.retireontime.com

"Hey Mike, I’m really conflicted whether or not I should buy an annuity for income. Can you provide some insight?” Discover the benefits and detriments of having guaranteed income for life as a part of your retirement plan. Text your questions to 913-363-1234. Request Your Wealth Analysis by going to www.retireontime.com

Merry Christmas! Thank you to all who listen to our show!"Hey Mike, can I retire on $500,000?” Discover why some people may be able to retire on $500,000 and how the planning changes when you have $500,000 or less. Text your questions to 913-363-1234. Request Your Wealth Analysis by going to www.retireontime.com

"Hey Mike, I’m getting taxed when my retirement income should be tax free. Everything comes from Social Security and long-term capital gains. How can this be?” Discover hidden tax traps that may cause you to pay more each year.Text your questions to 913-363-1234. Request Your Wealth Analysis by going to www.retireontime.com

"Hey Mike, my index annuity didn’t grow this past year when the market was up. Should I just get rid of it?” Discover why your annuity may be under performing and what you can do about it.Text your questions to 913-363-1234. Request Your Wealth Analysis by going to www.retireontime.com

"Hey Mike, is there such thing as too much diversification?” Discover what ‘diversification’ really means, the different ways it may make sense, and when it can hurt you.Text your questions to 913-363-1234. Request Your Wealth Analysis by going to www.retireontime.com

"Hey Mike, when would I use a buffered ETF instead of a bond fund?” Discover how Buffered ETFs and Bond Funds could play a role in your retirement plan and/or portfolio.Text your questions to 913-363-1234. Request Your Wealth Analysis by going to www.retireontime.com

"Hey Mike, how does ACA subsidies going away affect retirement planning?” Discover how the Affordable Care Act is changing and how you can still plan around the changes based on your retirement needs.Text your questions to 913-363-1234. Request Your Wealth Analysis by going to www.retireontime.com

"Hey Mike, can I use AI to build my retirement plan?” Discover how AI can help you plan for your retirement while acknowledging some of the risks and potentially oversimplified advice it may give.Text your questions to 913-363-1234. Request Your Wealth Analysis by going to www.retireontime.com

"Hey Mike, can I retire with $700,000?” Discover if $700,000 is enough to be able to retire and how your risks change based on how much or how little you have saved for retirement.Text your questions to 913-363-1234. Request Your Wealth Analysis by going to www.retireontime.com

"Hey Mike, when creating a plan, what do you focus on first?” Discover why lifestyle planning should come first, and each step that should follow thereafter.Text your questions to 913-363-1234. Request Your Wealth Analysis by going to www.retireontime.com

“Hey Mike, is it worth limiting your income to get the additional senior deduction?” Why some people may want to plan around the different potential deductions, and others should just ignore them.Text your questions to 913-363-1234. Request Your Wealth Analysis by going to www.retireontime.com

“Hey Mike, I want to help my kids now while I’m alive. Do you have any do’s and don’ts when it comes to financially helping your kids?” Discover why helping your kids who are making bad financial decisions may hurt them more overall.Text your questions to 913-363-1234. Request Your Wealth Analysis by going to www.retireontime.com

“Hey Mike, I’ve got a business that I plan to sell in a few years. Any tips on how to prepare for the sale and retirement?” Discover where you may want to spend your time in order to prepare for a potentially better sale for your business.Text your questions to 913-363-1234. Request Your Wealth Analysis by going to www.retireontime.com

“Hey Mike, can you explain what tax planning is? Everyone talks about it but then recommends IRA to Roth conversions.” Discover different ways you could implement tax planning in your retirement plan other than IRA to Roth Conversions.Text your questions to 913-363-1234. Request Your Wealth Analysis by going to www.retireontime.com

“Hey Mike, enjoyed the book, but am having a hard time changing my portfolio. What I’m doing seems to be working. Why should I switch now?” Discover why you may want to change your portfolio or investment strategies every now and then.Text your questions to 913-363-1234. Request Your Wealth Analysis by going to www.retireontime.com

"Hey Mike, retirement feels incredibly overwhelming. Where do you start?" Discover what comes before financial planning.Text your questions to 913-363-1234. Request Your Wealth Analysis by going to www.retireontime.com

"Hey Mike, how hard is it to learn how to manage a retirement plan on your own if you don’t have a financial background?" Discover when it may make sense and when it probably doesn’t make sense to manage your assets in retirement.Text your questions to 913-363-1234. Request Your Wealth Analysis by going to www.retireontime.com

"Hey Mike, how can some insurance companies offer a better version of a buffered ETF if they work in the same market?" Discover what makes them similar and what makes them different. Text your questions to 913-363-1234. Request Your Wealth Analysis by going to www.retireontime.com

"Hey Mike, once you buy an annuity, is it better to take income when you retire, or wait so the income amount gets bigger?"Discover when it may make sense to start your lifetime income when you retire, and when it may make sense to delay it.Text your questions to 913-363-1234. Request Your Wealth Analysis by going to www.retireontime.com

"Hey Mike, is it true that the first five years of retirement are the most risky for your portfolio?" Discover three strategies that may make the next market crash an opportunity.Text your questions to 913-363-1234. Request Your Wealth Analysis by going to www.retireontime.com

An interview with Tammy Reid, wife of head coach Andy Reid, where she discusses her own family holiday traditions, the need for and joy that comes with giving, and her involvement with the Giving Machines in Kansas City. For more information about the giving machines, click this link: https://www.churchofjesuschrist.org/welcome/christmas/light-the-world/giving-machines?lang=engLooking for volunteer opportunities? Check out JustServe: https://www.justserve.org/

In this week's special episode, Mike talks to Tammy Reid, wife of head coach Andy Reid, about the joy of giving, and the Giving Machines located in Union Station in Kansas City (and elsewhere). Mike and David also discuss finding purpose in your encore years, and how giving of your time and talents can help you find purpose in retirement. Giving Machines: https://www.churchofjesuschrist.org/welcome/christmas/light-the-world/giving-machines?lang=engJustServe: https://www.justserve.org/Text your questions to 913-363-1234. Request Your Wealth Analysis by going to www.retireontime.com

“Hey Mike, what are smart ways to donate to charities?”Discover different ways to lower your tax bills while getting more of your money to a church or charity.Text your questions to 913-363-1234. Request Your Wealth Analysis by going to www.retireontime.com