How to Retire on Time

"Hey Mike, how do you optimize Social Security?" Discover how your Social Security benefits could affect your portfolio, income plan, tax plan, estate plan, and more.Text your questions to 913-363-1234.Request Your Wealth Analysis by going to www.yourwealthanalysis.com

“Hey Mike, if we have changed careers once or twice and now have multiple 401(k)s. What do you recommend we do with them? Let’s assume one of them rolled over into an IRA.” Discover when it makes sense to roll funds out of old 401(k)s and when it makes sense to keep funds in old 401ks. This is our 200th episode! Thank you all for listening!Text your questions to 913-363-1234.Request Your Wealth Analysis by going to www.yourwealthanalysis.com

“Hey Mike, I know you don’t like lifetime income, but if you were to recommend a product, which one would it be?” Discover the different options for lifetime guaranteed income and why the option talked about the least may be the best option for you. Text your questions to 913-363-1234.Request Your Wealth Analysis by going to www.yourwealthanalysis.com

“Hey Mike, how do you increase growth as a conservative investor?” Discover why you are compensated for the risk you are willing to take while correctly defining what risk is within the investment world.Text your questions to 913-363-1234.Request Your Wealth Analysis by going to www.yourwealthanalysis.com

“Hey Mike, I am married and my spouse has suggested I go back to work part-time in retirement, both for income and to stay busy. What are some things I should consider before doing so?” Discover why hams are not made to sit around and play all day. In this episode, Mike dives into how to design a purpose-driven retirement plan so that you can have a potentially smooth transition into your best years. Text your questions to 913-363-1234.Request Your Wealth Analysis by going to www.yourwealthanalysis.com

“Hey Mike, what’s the difference between an ETF and a Mutual Fund?” Discover what is really going on when you invest in a mutual fund or ETF, and why they may be doing the job of your advisor. Text your questions to 913-363-1234.Request Your Wealth Analysis by going to www.yourwealthanalysis.com

“Hey Mike, which is worse in retirement: taxes or inflation?” Discover why Mike believes inflation is more of a risk than taxes when it comes to retirement planning and longevity. Text your questions to 913-363-1234.Request Your Wealth Analysis by going to www.yourwealthanalysis.com

“Hey Mike, what does a ‘diversified portfolio’ look like?” Discover why Mike believes broad diversification is not as good as many would suggest, as he dives into the details of what it means to diversify by objectives. Text your questions to 913-363-1234.Request Your Wealth Analysis by going to www.yourwealthanalysis.com

“Hey Mike, I am in my 40s, I have maxed out all of my retirement account contributions for the year, and I have more money I want to save. Where should I put that money?” Discover why it is important to have a plan put together before you decide where you invest your excess cash flow. Text your questions to 913-363-1234.Request Your Wealth Analysis by going to www.yourwealthanalysis.com

“Hey Mike, what’s the smartest way to draw down your accounts?” Discover how to take income from your accounts, even when markets don’t look good.Text your questions to 913-363-1234.Request Your Wealth Analysis by going to www.yourwealthanalysis.com

“Hey Mike, what are the types of insurance policies that are applicable in retirement?” Discover various types of insurance policies and how they can be used in retirement.Text your questions to 913-363-1234.Request Your Wealth Analysis by going to www.yourwealthanalysis.com

“Hey Mike, can you retire today with $1,000,000, or is that an outdated benchmark?” Discover how to find your target retirement savings goal. Text your questions to 913-363-1234.Request Your Wealth Analysis by going to www.yourwealthanalysis.com

“Hey Mike, should my wife and I file married but separate so we can have one of us provide household income while the other does IRA to Roth conversions?” Discover when it may make sense to file Married Filing Separate and why how you file each year matters.Text your questions to 913-363-1234.Request Your Wealth Analysis by going to www.yourwealthanalysis.com

“Hey Mike, can you explain the concept of 'Infinite Banking' and tell me if it is a good strategy or not?” Discover why Infinite Banking may not be as good as some would suggest, and the true numbers behind any permanent life insurance policy. Text your questions to 913-363-1234.Request Your Wealth Analysis by going to www.yourwealthanalysis.com

“Hey Mike, do you have any favorite stocks that you can recommend?” Discover a simple methodology that can help you find and vet stocks as you put your portfolio together.Text your questions to 913-363-1234.Request Your Wealth Analysis by going to www.yourwealthanalysis.com

“Hey Mike, how do you get out of a bad annuity? I need more liquidity but don’t want to pay the penalty…” Discover how to get out of an annuity that has low growth potential.Text your questions to 913-363-1234.Request Your Wealth Analysis by going to www.yourwealthanalysis.com

“Hey Mike, why do people buy life insurance for estate planning? Don’t they just pass on whatever is left over?” Discover when it makes sense and when it does not make sense to buy life insurance for your estate planning purposes.Text your questions to 913-363-1234.Request Your Wealth Analysis by going to www.yourwealthanalysis.com

“Hey Mike, what do you do if you want to help your kids or grandkids?”Discover alternative ways to the 529 Plan when it comes to helping your kids and grandkids prepare for their future. Text your questions to 913-363-1234.Request Your Wealth Analysis by going to www.yourwealthanalysis.com

“Hey Mike, how do you recover when the markets go down?” Discover how to handle, both emotionally and economically, a downturn in the market. Mike shares some insight on a few ways you may be able to cut your losses and move on to bigger and better opportunities. Text your questions to 913-363-1234.Request Your Wealth Analysis by going to www.yourwealthanalysis.com

“Hey Mike, how do you know when your plan is perfect, or at least good enough?” Discover the real purpose behind a retirement plan and what you can do to help keep it in check. Text your questions to 913-363-1234.Request Your Wealth Analysis by going to www.yourwealthanalysis.com

“Hey Mike, can you explain why some rates, like high-yield savings rates, are going down while other rates, like mortgages and auto loans, are still higher than normal?” Discover the reality behind the Federal Reserve, the Treasury, and the market. Text your questions to 913-363-1234.Request Your Wealth Analysis by going to www.yourwealthanalysis.com

“Hey Mike, what do most people do if they want to retire before full retirement age–where do they get their income? How do they take care of their health insurance?” Discover how to bridge the healthcare gap between when you want to retire and when Medicare starts.Text your questions to 913-363-1234.Request Your Wealth Analysis by going to www.yourwealthanalysis.com

“Hey Mike, what’s the story behind your company name?” Discover the story behind Kedrec Wealth and its simple philosophy. Text your questions to 913-363-1234.Request Your Wealth Analysis by going to www.yourwealthanalysis.com

“Hey Mike, how can I know if I am on track to retire on time?” Discover how much you should have saved and what your cash flow should look like at different stages of life. Text your questions to 913-363-1234.Request Your Wealth Analysis by going to www.yourwealthanalysis.com

“Hey Mike, is there such a thing as too much debt as I approach retirement?” Discover when it makes sense to pay off debt before retirement and when it makes sense to keep it and let your assets stay invested. The answer may surprise you. Text your questions to 913-363-1234.Request Your Wealth Analysis by going to www.yourwealthanalysis.com

“Hey Mike, I’m about to sell some rental properties. I want to use it to buy other types of investment real estate, but I’m not sure I’ll find the right replacement property in time to do the 1031 exchange. Any tips?” Discover the timelines and details of a 1031 exchange that can help real estate investors move money from one like-kind property to another while deferring capital gains tax.Text your questions to 913-363-1234.Request Your Wealth Analysis by going to www.yourwealthanalysis.com

“Hey Mike, I work with a financial advisor, but he doesn’t charge me anything. That doesn’t seem right. Can you help me figure out what I am paying in fees?” Discover the different ways financial professionals (advisors or agents) make money so you can better spot potential conflicts of interest. Text your questions to 913-363-1234.Request Your Wealth Analysis by going to www.yourwealthanalysis.com

“Hey Mike, does the 60/40 work in retirement?” Discover how the 60/40 stock/bond fund portfolio came to be and why it may be time to make a few updates to your portfolio. Text your questions to 913-363-1234.Request Your Wealth Analysis by going to www.yourwealthanalysis.com

“Hey Mike, do all financial advisors do basically the same thing?” Discover the tricky nuance the role of a financial advisor plays when it comes to your financial planning and money management. Text your questions to 913-363-1234.Request Your Wealth Analysis by going to www.yourwealthanalysis.com

“Hey Mike, I just got my taxes done. Any recommendations on things to look for in a return?” Discover the many ways your 1040 can help guide you on how to approach this year when it comes to your investments and financial decisions.Text your questions to 913-363-1234.Request Your Wealth Analysis by going to www.yourwealthanalysis.com

“Hey Mike, how do you find the best investments or products?” Discover how to vet various investments or products and why internal research may be better than taking those who sell those investments or products at their word. Text your questions to 913-363-1234.Request Your Wealth Analysis by going to www.yourwealthanalysis.com

“Hey Mike, I’m 47 years old and finally have extra cash flow to start saving. Where should I start?” Discover where to save your money so you can get things in order in preparation for retirement. Text your questions to 913-363-1234.Request Your Wealth Analysis by going to www.yourwealthanalysis.com

“Hey Mike, should life insurance be a part of a retirement plan?” Discover when it may make sense and when it doesn’t make sense to include life insurance in your retirement preparation and plan. Text your questions to 913-363-1234.Request Your Wealth Analysis by going to www.yourwealthanalysis.com

“Hey Mike, I’m concerned about the market. Are there other places I can park my money until things settle down?” Discover the different ways you can protect assets or hedge against the stock market in or near retirement while also positioning yourself for upside potential to help keep up with inflation. Text your questions to 913-363-1234.Request Your Wealth Analysis by going to www.yourwealthanalysis.com

“Hey Mike, in what situation would I need to worry about IRMAA, and what can I do to avoid those surcharges?” Discover ways to incorporate IRMAA (Income-Related Monthly Adjustment Amount) minimization into your tax and healthcare plan.Text your questions to 913-363-1234.Request Your Wealth Analysis by going to www.yourwealthanalysis.com

“Hey Mike, are flat-fee advisors more trustworthy than advisors who take a commission?” Discover the conflicts of interest associated with different types of advisors. Text your questions to 913-363-1234.Request Your Wealth Analysis by going to www.yourwealthanalysis.com

“Hey Mike, how do you include HSA plans in a retirement plan?” Discover various retirement planning strategies that can include your HSA. Text your questions to 913-363-1234.Request Your Wealth Analysis by going to www.yourwealthanalysis.com

“Hey Mike, should target date funds be a part of my portfolio?” Discover the ins and outs of how target date funds work and if they are right for you or not. Text your questions to 913-363-1234.Request Your Wealth Analysis by going to www.yourwealthanalysis.com

“Hey Mike, do lower to middle income earners have a chance at retirement?” Discover various tips and tricks on how to prepare for and enjoy retirement if you are not a higher-income earner.Text your questions to 913-363-1234.Request Your Wealth Analysis by going to www.yourwealthanalysis.com

“Hey Mike, with Social Security taxes potentially going away, how does that affect Social Security optimization?” Discover how the new tax billing going through congress could cause retirees to adjust their tax minimization and Social Security optimization strategy. Text your questions to 913-363-1234.Request Your Wealth Analysis by going to www.yourwealthanalysis.com

“Hey Mike, I have some stocks that are down. Should I wait for them to recover, or should I just sell them and move on? Discover the nuance found when considering if you should sell a position at a loss or not.Text your questions to 913-363-1234.Request Your Wealth Analysis by going to www.yourwealthanalysis.com

“Hey Mike, when I retire, I plan to move to a more affordable city. Any tips on what to look for and how to research this?” Discover various metrics to research and consider before you sell everything and move to your retirement destination. Text your questions to 913-363-1234.Request Your Wealth Analysis by going to www.yourwealthanalysis.com

“Hey Mike, what are the benefits of working with a CFP?” Discover the benefits of working with a CFP while acknowledging that each CFP may have different opinions on how to put your retirement plan together. Join Mike as he encourages people to focus on the strategy first, and then the people behind the strategy second.Text your questions to 913-363-1234.Request Your Wealth Analysis by going to www.yourwealthanalysis.com

“Hey Mike, I heard the bonds are expected to do better than stocks over the next few years. How is that possible?” Discover the market risk known as the flat-market cycle and why it may make sense to diversify your assets in more than one market. Text your questions to 913-363-1234.Request Your Wealth Analysis by going to www.yourwealthanalysis.com

“What’s the best withdrawal strategy in retirement?” Discover the various ways to take income in retirement and why we believe there’s one key strategy that should be implemented in tandem with your other strategies. Text your questions to 913-363-1234.Request Your Wealth Analysis by going to www.yourwealthanalysis.com

“Hey Mike, how risky or aggressive can you be in retirement?” Discover how to design your portfolio to be ready for market crashes. When implemented correctly, it may allow you to take some of your assets and allocate them to something with more growth potential (and more risk). Text your questions to 913-363-1234.Request Your Wealth Analysis by going to www.yourwealthanalysis.com

“Hey Mike, how do the rich avoid paying taxes?” Discover some strategies the ultra-wealthy use to pay less in taxes and the significant risks associated with those strategies.Text your questions to 913-363-1234.Request Your Wealth Analysis by going to www.yourwealthanalysis.com

“Hey Mike, why do financial advisors always seem to give the same answer, ‘It depends?’” Discover the nuance found within financial planning and why you should be cautious when you get general/oversimplified advice. Text your questions to 913-363-1234.Request Your Wealth Analysis by going to www.yourwealthanalysis.com

“Hey Mike, how much do I need to save for retirement?” Discover a quick way to define your retirement savings goal and what to do once you start getting close to that goal.Text your questions to 913-363-1234.Request Your Wealth Analysis by going to www.yourwealthanalysis.com

“Hey Mike, when does it make sense to work with a financial professional, and when does it make sense to manage your money on your own?” Discover the natural progression of learning how to invest on your own, learning from your mistakes, and then identifying what you may want to delegate to a financial professional.Text your questions to 913-363-1234.Request Your Wealth Analysis by going to www.yourwealthanalysis.com