How to Retire on Time

“Hey Mike, how do people navigate healthcare before they qualify for Medicare?” Discover the ins and outs of your health insurance options before you qualify for Medicare.Text your questions to 913-363-1234.Request Your Wealth Analysis by going to www.yourwealthanalysis.com.

“Hey Mike, how do you feel about Buffered ETFs? Would they work as a part of the reservoir strategy? Discover how buffered ETFs work and when they may make sense to include in your overall portfolio.Text your questions to 913-363-1234.Request Your Wealth Analysis by going to www.yourwealthanalysis.com.

“Hey Mike, what’s something you’ve learned over the years that changed how you invest people’s money?” Listen to Mike share his journey as he continued to challenge ideas and strategies that he was taught early on in his career as he pursued truth, and what was really best for the client.Text your questions to 913-363-1234.Request Your Wealth Analysis by going to www.yourwealthanalysis.com.

“Hey Mike, is a three year reservoir enough for retirement?” Discover the risks associated with having a smaller reservoir and why you may want to consider putting up to 60% of your assets in investments or products that offer principal protection when you retire. Text your questions to 913-363-1234.Request Your Wealth Analysis by going to www.yourwealthanalysis.com.

“Hey Mike, what is a good rate of return projection for a retirement plan?” Discover why the past few years of growth may not be the right indicator on how much you should expect in your portfolio growth over the next 30 years. Text your questions to 913-363-1234.Request Your Wealth Analysis by going to www.yourwealthanalysis.com.

“Hey Mike, do pensions affect when I file for Social Security?” Discover when your pension may cause you to delay your Social Security benefits until full-retirement age or later. Text your questions to 913-363-1234.Request Your Wealth Analysis by going to www.yourwealthanalysis.com.

“Hey Mike, do you or do you know someone who reviews portfolios for a flat fee?” Discover why it may not make sense to have a flat-fee advisor look over your portfolio for advice on your positions. Mike dives into the importance of strategies over positions.Text your questions to 913-363-1234.Request Your Wealth Analysis by going to www.yourwealthanalysis.com.

“Hey Mike, why do people put money in bonds and bond funds when equities do so well?” Discover the often missed risks associated with an equities (stocks) focused portfolio and why you may want to include other markets or assets classes when designing your portfolio for retirement. Text your questions to 913-363-1234.Request Your Wealth Analysis by going to www.yourwealthanalysis.com.

Join Mike, David, and other special guests as they discuss the importance of being charitable in your everyday life. From acts of kindness to monetary help, it all counts. Guests include Tammy Reid, Amy Cox, and Cindy McDavitt. Remember, charitable gifting is more than just a tax deduction…Charities highlighted in this episode: https://givingmachineskc.org/https://flourishfurniturebank.org/Text us at 913-363-1234 for more information about any of the charities mentioned in the show, or to find out where the nearest giving machine is to you.

“Hey Mike, if the S&P averages 7%, then why would I not just put all my money in an ETF and take 6% each year?” Discover why retirement income planning is not simple and the risk you take when following oversimplified advice from social media influencers.Text your questions to 913-363-1234.Request Your Wealth Analysis by going to www.yourwealthanalysis.com.

“Hey Mike, what’s the Monte Carlo probability of success with your Reservoir strategy?” Discover the problems within the Monte Carlo simulation that may lead you to taking more risk than you realize.Text your questions to 913-363-1234.Request Your Wealth Analysis by going to www.yourwealthanalysis.com.

“Hey Mike, I’m getting pitched an IUL as a tax-free cash vehicle over doing IRA to Roth conversions. The growth potential is less than an IUL. What am I missing?” Discover when it may make sense to stick to funding your Roth IRA and when it may make sense to fund an Indexed Universal Life Insurance Policy (IUL).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 file your taxes on your own versus having a professional file your taxes for you?” Discover when it makes sense to use a DIY tax preparation software and when it makes sense to hire a tax professional to help you prepare your tax returns.Text your questions to 913-363-1234.Request Your Wealth Analysis by going to www.yourwealthanalysis.com.

“Hey Mike, when would someone not want to do IRA to Roth conversions?” Discover when you may not want to convert some of your IRA assets to Roth.Text your questions to 913-363-1234.Request Your Wealth Analysis by going to www.yourwealthanalysis.com.

“Hey Mike, can you explain what ‘timing the market’ really means, when it’s bad, and when it makes sense to make adjustments?” Discover what timing the market really means. Also, learn about how to make adjustments within your portfolio when the market gets shaky.Text your questions to 913-363-1234.Request Your Wealth Analysis by going to www.yourwealthanalysis.com.

It’s How to Retire on Time’s 100th episode. Thank you for joining us on this journey. Enjoy Mike and David reflecting on the past 99 episodes. Podcast listeners will also enjoy some generous giveaways. Offers only available until the end of 2024. Merry Christmas and Happy New Year!Text us at 913-363-1234

“Hey Mike, how do the wealthy get around paying taxes?” Discover many misconceptions about how the wealthy minimize taxes and what you can do to help minimize your taxes overall in retirement.Text your questions to 913-363-1234.Request Your Wealth Analysis by going to www.yourwealthanalysis.com.

“Hey Mike, what do you think of reverse mortgages?” Discover why Mike believes reverse mortgages should not be in your retirement plan.Text your questions to 913-363-1234.Request Your Wealth Analysis by going to www.yourwealthanalysis.com.

“Hey Mike, I was told that I should turn my hobby into a business so I can lower my overall taxes each year. Is this legit?” Discover when it makes sense to make your hobby into a business that would allow you to deduct certain expenses, and when you should not make your hobby into a business in retirement. Text your questions to 913-363-1234.Request Your Wealth Analysis by going to www.yourwealthanalysis.com.

“Hey Mike, is it true that you need $1.5 million saved to be able to retire?” Discover why arbitrary amounts of money saved as your goal may not be enough and where to look so you can determine if you have enough saved to be able to retire.Text your questions to 913-363-1234.Request Your Wealth Analysis by going to www.yourwealthanalysis.com.

“Hey Mike, what do you think of Private Equity as a source for retirement income?” Discover when it may make sense to include private equity or private credit (debt) in your portfolio and when it may not make sense.Text your questions to 913-363-1234.Request Your Wealth Analysis by going to www.yourwealthanalysis.com.

“Hey Mike, what’s something you see missing in many people’s plans when you first visit with them?” Discover risks you may not know exist when you plan your retirement with a stock/bond fund portfolio or with lifetime income from an annuity.Text your questions to 913-363-1234.Request Your Wealth Analysis by going to www.yourwealthanalysis.com.

“Hey Mike, if you were 50 years old and planned to retire at 65, what would you do?” Discover various strategies to consider as you prepare to retire on time (60 years old or so).Text your questions to 913-363-1234.Request Your Wealth Analysis by going to www.yourwealthanalysis.com.

“Hey Mike, what do you think the market will do in 2025?” Discover what could happen in 2025 and how to prepare for multiple outcomes.Text your questions to 913-363-1234.Request Your Wealth Analysis by going to www.yourwealthanalysis.com.

“Hey Mike, what do you think of Private Equity as a source for retirement income?” Discover when it may make sense to include private equity or private credit (debt) in your portfolio and when it may not make sense.Text your questions to 913-363-1234.Request Your Wealth Analysis by going to www.yourwealthanalysis.com.

“Hey Mike, I just heard that indexed universal life insurance is basically the perfect investment for a retiree. You say there’s no such thing as a perfect investment. What are the downsides of these IULs?” There’s no such thing as a perfect investment, product, or strategy. That includes Indexed Universal Life Insurance (IULs). Discover how they are sold, the benefits and detriments associated with this product, and how to determine if it is right for you or not. Text your questions to 913-363-1234.Request Your Wealth Analysis by going to www.yourwealthanalysis.com.

“Hey Mike, I’m a widow of many years and am in love again. I want to marry my new sweetheart, but I’m concerned about the finances and my kids ability to get their inheritance when I go. Any guidance?” Discover a few potential financial problems that could happen if you were to remarry too soon in retirement.

“Hey Mike, I’m 56 and just lost my job. Everything I have saved is in my 401k. I think I have enough to retire, but there’s a 10% penalty if I take money out of an IRA. Is there any way around this?” Discover ways you may be able to generate income in retirement from your 401(k) even though you are not yet 59 ½ years old.Text your questions to 913-363-1234.Request Your Wealth Analysis by going to www.yourwealthanalysis.com.

“Hey Mike, I’m 50 years old and haven’t been able to retire. Is there anything I can do to accelerate my retirement preparation?” Discover how to prepare for retirement if you are starting late with your retirement savings.Text your questions to 913-363-1234.Request Your Wealth Analysis by going to www.yourwealthanalysis.com.

“Hey Mike, how do you believe Trump’s tariffs will affect the economy?” Discover the benefits and detriments associated with using tariffs as a tax on foreign goods and how it may affect your portfolio.Text your questions to 913-363-1234.Request Your Wealth Analysis by going to www.yourwealthanalysis.com.

"Hey Mike, I’m having a hard time bringing up my estate plan with my kids. I don’t want to create problems when I pass. Any tips?" Discover how to approach difficult estate planning topics with the kids so relationships are not destroyed when you pass.Text your questions to 913-363-1234.Request Your Wealth Analysis by going to www.yourwealthanalysis.com.

Hey Mike, if someone wanted a part of their retirement income guaranteed, what should they know as they shop around? Discover the various ways you can take income from an annuity when you retire.Text your questions to 913-363-1234.Request Your Wealth Analysis by going to www.yourwealthanalysis.com.

"Hey Mike, what do I need to do if I turn 65 but still plan to work?" Discover what you need to know about Medicare when you turn 65 years old.Text your questions to 913-363-1234.Request Your Wealth Analysis by going to www.yourwealthanalysis.com.

Hey Mike, if I move out of the country, will I still receive my Social Security benefits? Discover what could happen to your benefits if you were to move outside the country.Text your questions to 913-363-1234.Request Your Wealth Analysis by going to www.yourwealthanalysis.com.

Hey Mike, can you run through different ways you can invest in the market? Discover the benefits and detriments associated with different ways you could invest in the market.Text your questions to 913-363-1234.Request Your Wealth Analysis by going to www.yourwealthanalysis.com.

“Hey Mike, friends keep telling me I need to do IRA to Roth conversions, but my current income is more than the income I want when I retire. Something’s not right. What do you think?” Discover when it makes sense to do IRA to Roth conversions and when it doesn’t make sense to do IRA to Roth conversions. Text your questions to 913-363-1234.Request Your Wealth Analysis by going to www.yourwealthanalysis.com.

“Hey Mike, people keep telling me to take Social Security as soon as I can, but the reports I run tell me to file at 70 years old. Which is it?” Discover why your income could be hurting if you take Social Security too soon and when you could be hurting your estate if you file too late. 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 heard that the market may not make much money over the next 10 years. Is that true?” Discover unconventional ways to try and grow your assets during a flat-market, which we define as 10 years of basically no growth in the stock market. Text your questions to 913-363-1234.Request Your Wealth Analysis by going to www.yourwealthanalysis.com.

“Hey Mike, I’ve got a couple of old 401(k)s that I have neglected over the years because I don’t know what to do with them. Any tips?” Discover all the potential investment options you have if you roll your old 401(k) into an IRA instead of your next 401(k). Text your questions to 913-363-1234.Request Your Wealth Analysis by going to www.yourwealthanalysis.com.

“Hey Mike, what are some common risks you believe many retirees do not account for when they retire?” Discover common risks many retirees miss because they don’t know the right questions to ask. Text your questions to 913-363-1234.Request Your Wealth Analysis by going to www.yourwealthanalysis.com.

“Hey Mike, how do you figure out how much you will spend in retirement?” Discover how to figure out how much you may end up spending when you retire. Text your questions to 913-363-1234.Request Your Wealth Analysis by going to www.yourwealthanalysis.com.

“Hey Mike, how do I know if I have a good annuity or a bad annuity?” Don’t fall for the growth of the income benefit. Discover why looking at the cash value growth may be more important and what to do if you find yourself with an uncompetitive annuity. Text your questions to 913-363-1234.Request Your Wealth Analysis by going to www.yourwealthanalysis.com.

“Hey Mike, I’m about to sell my business and have no idea how to convert the sale into a retirement plan. What should I do?” Discover a few tax strategies to consider before you put your business up for sale. Text your questions to 913-363-1234.Request Your Wealth Analysis by going to www.yourwealthanalysis.com.

“Hey Mike, should I pay off my mortgage before I retire?” Discover when it makes sense to pay off your mortgage when you retire and when it doesn’t make sense. 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 concerned about the election. Do you have any thoughts?” Discover Mike’s opinion on why the election may affect the economy less than you think. Remember, all businesses will try to grow, regardless of the winner of the election.Text your questions to 913-363-1234.Request Your Wealth Analysis by going to www.yourwealthanalysis.com.

“Hey Mike, I have already signed up for a new Medicare plan but might want to change it. Can you do that and if so, how do you do that?” Discover the in’s and out’s of exploring and adjusting your Senior Healthcare plans during open-enrollment season. Text your questions to 913-363-1234.Request Your Wealth Analysis by going to www.yourwealthanalysis.com.

“Hey Mike, what strategies can you implement to help prepare for a possible drop in Social Security benefits?” Discover what you can do now in preparation for the potential decrease in Social Security benefits. Text your questions to 913-363-1234.Request Your Wealth Analysis by going to www.yourwealthanalysis.com.

“Hey Mike, can you break down the differences between Social Security, a pension, and an annuity?” Listen to an honest comparison of Social Security, pensions, and annuities, when it makes sense, and how they can affect your tax planning. Text your questions to 913-363-1234.Request Your Wealth Analysis by going to www.yourwealthanalysis.com.

“Hey Mike, can you explain how picking a Medicare plan can affect my taxes? I don’t believe that’s a true statement.” Discover some commonly missed pitfalls in retirement when it comes to healthcare and taxes. Text your questions to 913-363-1234.Request Your Wealth Analysis by going to www.yourwealthanalysis.com.

“Hey Mike, how do you plan so you don’t run out of money?” Discover the reality of retirement planning and how you can’t not take risks. This episode covers various ways to approach your retirement in an effort to decrease risk while maintaining lifestyle flexibility for the future. Text your questions to 913-363-1234.Request Your Wealth Analysis by going to www.yourwealthanalysis.com.