Retire Right With Brad White

How often is it that you want to do something around the house and you figure hey this is a do-it-yourself project, I can get it done. Three trips to the hardware store later you’re finally getting it done and probably spent more than you would if you would have just hired a professional to do it. Brad shares some common mistakes he sees do-it-yourselfers doing.

March is known for madness, but 2023 that madness might mean something else in the banking industry. Brad breaks it down for us in todays show.

We all have felt the impact of rising interest rates. Last year, the fed raised rates by 50 basis points a number of times. Already this year, they’ve taken a 25 basis points rise to the interest rate. So how does this effect your retirement income plan? Brad dives into this on todays show.

A lot of people are in retirement, heading into retirement or almost retiring and their thinking hmm, what do I do with this money I’ve been saving in my 401k, a TSP or a 403b for all these years? Maybe you worked at one job. So what do you do? Brad helps break it all down for us.

Well, we’re into a new year, but as people often tend to do even when they’re in that first month or six weeks of the year, they’re getting tax stuff ready and looking back on What Just Happened? And for some maybe they retired in 2022. Maybe they’re retirement year is this year in 2023 and we still want to assess what happened and what can I do to fix it moving forward or what can I do to get better from it going forward and 2022, lets face it by stock market assessments it was an ugly year and so what can we learn from it?

Well, we’ve begun a new year and we look back on 2022 and the bar was a little lower than what we thought going into last year. What should we do now to prepare ourselves financially for 2023?

As we wind down the year 2022 and head into 2023, some people might be saying this last year has been not so great. I’m just going to hunker down or I’m going to wait, well is that the right strategy? If you have zero advice it could be the wrong strategy for you. I don’t know how you could ever know if it’s the right decision if you don’t ask someone who does this for a living like Brad does and he offers tips as we head into 2023.

We’re winding down the year 2022 and we want to talk about some of the lessons we’ve learned from this year because we certainly know that you all have learned plenty of lessons this year. One that rises to the top would be Interest Rates. What did we learn about our economy, the fed and interest rate hikes and truly cooling inflation? Brad discusses in todays show.

Since 1950, all 18 midterm elections have been followed by an up year for the stocks. The stock market says, this is what we tend to do when it comes to elections at the midterm.

As we head towards the final quarter of the year and we head towards a new year in 2023, we know that markets are still up and down, inflation is still there, we know that social security has been raised. The cost of living increase next year will be 8.7%. What if my retirement date is in the next 12 months? You’ve planned it in your mind, but what about retiring when the economy is all over the place right not? Brad answers those questions for us in today’s show.

Risk is uncertainty about lifetime consumption. Long story short, you should know how to define risk. Is it the likelihood something can lose money? Is it how much it can possibly go down? Or is it just volatility along the way? Brad explains in todays show!

Over the past 6 months the US created an average of 381k jobs per month compared to pre pandemic pace of less than 200k. This is a good thing because as the fed raises rates hoping to cool the economy down and therefore inflation, this provides a cushion for them to do so without the economy falling into full recession or anything like that.

The benchmark S&P 500 Index’s recent rebound has brought it more than halfway back from its 2022 low point in mid-June, which is an encouraging sign for many investors. It’s certainly one of the most statistically reliable signals in the stock market. But does that mean it’s safe to get back into stocks?

Let’s say you have a rental property that you bought a while ago. In San Diego that means you have HUGE gains in that house, and if you ever sell it will be a capital nightmare. Brad offers some tips on how you could potentially get rid of the tax.

There’s a lot of speculation lately about whether the U.S. is officially in a recession. Both President Joe Biden and Federal Reserve Chair Jerome Powell said we’re not there just yet, pointing to the strong labor market and rising wages. Brad weighs in on today’s show.

Don’t forget about what you can and can’t do before Full Retirement Age!

Long story short is you could be earning more than 4% completely guaranteed on your money right now. Brad explains in todays episode.

On June 15th, the fed voted to raise 75 bps for July, first time since November 1994. What happened with the market then and what could we expect this time?

What does it mean to have a retirement plan done? It simply means you say “id like to be able to live off of x amount of money in order to do all of the things I like to do.

For 13 years we had an accommodative monetary policy, we went into the worst recession since great depression, the worst stock market decline since then and now we’re in a totally different environment with inflation the highest in 40 years.

For those that go “well the market is down 13% first four months to the year, and were hearing now we could be entering a recession and having more inflation – so we haven’t even seen that part yet!” - this is why the term leading indicator is so important to note.

Market will remain choppy and may at best manage single-digit gain in 2022 –Vanguard projects annual gains in U.S. stocks of only around 3% to 5% over the next decade after a rise of nearly 27% last year in the S&P.

Do you own actively managed (traditional) Mutual Funds in your non-qualified accounts? Mutual funds are designed to do two main (good) things – diversification and professional management. However they don’t actually “trade” they “redeem.” so inside the fund might be 100 stocks, and the whole idea is the manager is choosing and buying and selling them inside the fund the whole time – for a fee. And the idea is you don’t know how or what to buy over time, so you only have to buy this easy fund and they do all the internal stuff.

All the headlines talking about a possible US recession on the horizon..... what does this mean for your investments and retirement plan? On todays show, Brad reviews basic facts at a very high level. Economies and Markets are of course very connected – but they don’t move in lockstep with each other at all. The market, is a leading indicator for the economy. The market reacts today based on what it THINKS the economy will do in the future.

On March 16 the Fed approved a .25% rate hike, which was the first time this has happened since 2018. Also, the indication is that they will do the same all 6 coming meetings remaining in 2022 – we had an inflation reading of 6.1% in January! US inflation hit a 40-year high of 7.9% in February!

The market immediately assuming this is bad for oil supply and prices increasing as response.

How do geopolitical events both here and abroad can have an effect on the markets, but how can they effect our portfolio?

The house gets zero excitement, gets zero thrills, and gets nothing in the short term. the saying “money won is sweeter then money earned” is true. however, its just not profitable. the house builds in actual math that over the long term wins small amounts of money consistently and ultimately builds really huge expensive buildings and big wallets.

Ok, so since 2008 we have been reasoning with our monetary policy – that means an economy went into recession, so we lowered interest rates and pumped money in the system because that helps an economy move forward.

What do you have saved now, how far away you are – will tell you how much you need to save and what r.o.r you need to be in track!!!

New research suggests that if you aren’t an average investor—and most people aren’t—the one-size-fits-all approach isn’t the way to go.

Congratulations year 2021, between 2020 and you the bar has been set at an all time low! So first resolution is no new global pandemics and were off to a good start!

What's going on with inflation? What's causing it and just how bad could it get? Brad has the answers on this week's episode. Plus, healthcare is a major concern for retirees and Brad covers ways to address it. All that and much, much more on Retire Right with Epstein and White!

You’ve heard of Generation X and Gen Z … but Generation U? This week Brad explain who makes up Generation U and what they need to think about in terms of their retirement plan. Plus, ‘tis the season for charitable giving and Brad has plenty of tips for how to make smart charitable contributions.

Not updating your beneficiary information, failing to have a durable power of attorney, not having a plan for long-term care … these things can become a financial horror story if they aren’t addressed in your financial plan. Don’t miss this weekend’s episode of Retire Right with Epstein and White!

In real estate, it’s all about location, location, location. In retirement, the big idea is income, income, income. But how do you create an income plan when you don’t know how long you’ll live, what taxes will look like, what inflation will be, and what surprise expenses will pop up? Brad has the answers for us. Plus, we’ll cover the basics of estate and legacy planning, and how to approach planning for long-term care.

Things look a little different around the office of Epstein and White, so on this week’s show Brad fills us in on some exciting changes. Plus, Brad has an update on what’s going on with Social Security and what changes might be made with that program. He’ll also share some tips on how to think about where you’re keeping your retirement savings, and how to keep things in perspective when you’re trying to make good financial decisions in a chaotic world.

You’ve worked hard for your money for years, but when you get to retirement, that’s when the tables turn and your money works hard for you. So it’s important that you make the most out of what you have, so you are getting the most out of those dollars you worked so hard to save. Plus, Brad explains what happens when you shift from saving for retirement to focusing on preserving and protecting your assets, and what we can expect with increases in Social Security payments in the near future.

the U.S. Supreme Court has reaffirmed that both income and transfer tax changes may be implemented retroactively, “Provided that the retroactive application of a statute is supported by a legitimate legislative purpose furthered by rational means…”

How do we know if we're making the right decisions heading into retirement? Am I on track? Am I buying high? Am I following a trend?

Congress is making some changes to the US retirement system. What do we need to be watching for if Congress is going to be making more changes?

We talk all the time on this show about plans, but do we really know how a retirement plan actually works? Brad offers us some tips for planning a retirement.

There is just something about that real life experience when it comes to some of these significant things that we've seen lately.

How much do you need to be happy or comfortable in retirement? The answer will likely be different for everyone. Listen to Retire Right with Epstein & White’s latest podcast where Brad White discusses the core elements to a retirement plan. Think about things like your income, investments, taxes, healthcare, and estate planning. They will lay the foundation for your retirement plan and must be unique to you and your goals for the future.

Just about everyone has a smart phone these days. So, you really can't ever get away from the pop-ups and the social media ads out there. You hear things on the radio, watch TV stories, read article headlines...and almost everyone seems to be telling (or selling) you a different story. Listen as Brad White, Founder and CEO of Epstein & White, shares his thoughts on how you can help break through the clutter and find out what you truly need to take away from all the different messages in today’s world.