Retirement Answers

"When should I retire?" can be one of the hardest questions to answer. There isn't a perfect answer nor a one-size-fits-all. There are plenty of rules of thumb you could go by, but taking an individualized approach to this decision based on your circumstances might be the most important part.In this episode, I share 6 thoughts or ideas to consider when trying to determine the best time to retire. Once you can answer to these 6 ideas with confidence, you could be ready to retire.If you enjoy the podcast, I'd love it if you could give a rating and review on Apple Podcasts. It's the best way you can say 'Thank You'!Want help with your retirement plan?👇🏼☎️ Book a call with me✉️ Email me: [email protected] YouTube Channel Submit your question here: [email protected]#retirement #howmuchtoretire #retirementplanning #rothira #rothconversion #investing #401k #socialsecurity

Have you ever heard someone say they weren't enjoying their retirement? Or maybe they were bored or felt lost?Unfortunately, I hear retirees say this more often than I would like. Because of this, I wanted to share some common regrets I hear from those who are in retirement so that you can avoid those regrets yourself.If you enjoy the podcast, I'd love it if you could give a rating and review on Apple Podcasts. It's the best way you can say 'Thank You'!Want help with your retirement plan?👇🏼☎️ Book a call with me✉️ Email me: [email protected] YouTube Channel Submit your question here: [email protected]#retirement #howmuchtoretire #retirementplanning #rothira #rothconversion #investing #401k #socialsecurity

Social Security can get confusing very quickly. You have FRAs & PIAs, and Spousal benefits, Survivor benefits, Disability, and your own benefits.And the crazy part is that each of these "types" of Social Security benefits have different rules and nuances.In this episode, I am sharing everything you need to know about Survivor Benefits. We will answer the following questions:Who gets a survivor benefit?When can I get a survivor benefit?Do I get my own benefits and the survivor benefit on top of that?How much will my survivor benefits be?Do I have to take survivor benefits immediately?Can I still get survivor benefits if I am divorced?I am sharing the answers to these questions and giving you what you need to know about Social Security survivor benefits. Buckle up, because it get's pretty technical in this episode!Other episodes mentioned:Ep. 45: The Complete Guide to Social Security Spousal BenefitsWant help with your retirement plan?👇🏼☎️ Book a call with me✉️ Email me: [email protected] YouTube Channel Submit your question here: [email protected]#retirement #howmuchtoretire #retirementplanning #rothira #rothconversion #investing #401k #socialsecurity

I've had this concept in my mind lately and wanted to share it with you. It's not groundbreaking or innovative. It's a simple concept that I have labeled "Last 5, First 5". It's the idea that this 10 year window (the last 5 years of your career and the first 5 years of your retirement), is the most important to get right in your retirement journey.If you don't get things right in the Last 5, First 5, a successful retirement could be in doubt... Hopefully, this episode encourages you to start preparing for retirement sooner and make sure you execute the plan in the early years of retirement.Want help with your retirement plan?👇🏼☎️ Book a call with me✉️ Email me: [email protected] YouTube Channel Submit your question here: [email protected]#retirement #howmuchtoretire #retirementplanning #rothira #rothconversion #investing #401k #socialsecurity

Investing can be hard, but it doesn't have to be... What if I said simple is better, and you don't need a crazy strategy to be a successful investor? We all have our own biases & opinions about what to invest in, but we also have friends, family, neighbors, & advisors telling us what we should do. So, how we do know what the best solution is?Well, I'm sharing 3 principles that I use as a guide to my investment decisions. I hope these help you become a better investor!Want help with your retirement plan?👇🏼☎️ Book a call with me✉️ Email me: [email protected] YouTube Channel Submit your question here: [email protected]#retirement #howmuchtoretire #retirementplanning #rothira #rothconversion #investing #401k #socialsecurity

Does retirement scare you or give you anxiety? Do you feel like there is too much to know? Well, you're not alone. Almost everyone I talk to who is trying to retire feels a sense of analysis paralysis. They know there are many considerations to thinking about when putting together their retirement plan, but are just unsure how to put it all together.In comes the One-Page Plan... This is a documents that simply lists out what needs to evaluated and when. But how can you fit everything onto 1 page? Well, that's not really the point. The point is to create a distilled list of items to plan for rather than have a 50 page retirement plan. A long retirement plan will only leave you more confused...I'm a fan of simplicity. I know that a One-Page Plan will give you clarity, direction, and increase your confidence around retirement. Listen in to see the power of how this works.Other episodes mentioned: 3 Bucket Retirement Plan Want help with your retirement plan?👇🏼☎️ Book a call with me✉️ Email me: [email protected] YouTube Channel Submit your question here: [email protected]#retirement #howmuchtoretire #retirementplanning #rothira #rothconversion #investing #401k #socialsecurity

2024 is right around the corner and there are important changes that you need to know about!In this episode, we are covering:IRA contribution limit increases401k contribution limit increasesIRA deductibility rulesRoth eligibility rulesAnd I have a FREE cheat sheet for you! This is a resource you can use throughout 2024 to make sure you are on track. Email me for a copy of this FREE resource.***Help me make the show better in 2024. Fill out this quick survey!Want help with your retirement plan?👇🏼☎️ Book a call with me✉️ Email me: [email protected] YouTube Channel Submit your question here: [email protected]#retirement #howmuchtoretire #retirementplanning #rothira #rothconversion #investing #401k #socialsecurity

I've had a few questions about charitable giving lately, so in today's episode, I am talking about Donor Advised Funds. We will discuss:What they areHow they workWhy you would use oneWhen you would use oneI walk you through two examples of how this charitable giving strategy will help save you taxes and be able to give more the church or charities you love!***Help me make the show better in 2024. Fill out this quick survey!Want help with your retirement plan?👇🏼☎️ Book a call with me✉️ Email me: [email protected] YouTube Channel Submit your question here: [email protected]#retirement #howmuchtoretire #retirementplanning #rothira #rothconversion #investing #401k #socialsecurity

Are you hoping to retire in 2024? Curious if you are on the right track or if you have everything done to make retirement a reality? In this episode, I am sharing 5 steps you can take to make sure you are ready to retire in 2024.If you aren't retiring in 2024, don't go anywhere! You can start using these 5 tips right now to be even more prepared for your future retirement!***Help me make the show better in 2024. Fill out this quick survey!Want help with your retirement plan?👇🏼☎️ Book a call with me✉️ Email me: [email protected] YouTube Channel Submit your question here: [email protected]#retirement #howmuchtoretire #retirementplanning #rothira #rothconversion #investing #401k #socialsecurity

I always talk about different retirement strategies and things to think about, but I think it's important to zoom out and look at the big picture. It is easy to get overwhelmed when thinking about all the things that must be considered when evaluating your retirement.I received a question from a listener recently asking what the most important parts of a retirement plan are. So, I wanted to share the 4 things I think you need to have in your retirement plan.***Help me make the show better in 2024. Fill out this quick survey!Want help with your retirement plan?👇🏼☎️ Book a call with me✉️ Email me: [email protected] YouTube Channel Submit your question here: [email protected]#retirement #howmuchtoretire #retirementplanning #rothira #rothconversion #investing #401k #socialsecurity

The end of 2023 is upon us... Crazy! But this is the time of year to make sure you have completed any tax planning that needs to be done.This includes things like:Roth conversionsTax-loss harvestingTax-gain harvestingRetirement plan contributionsCharitable givingTune in to this week's episode to gain new insights on the importance of these year-end tax strategies!***Help me make the show better in 2024. Fill out this quick survey!Want help with your retirement plan?👇🏼☎️ Book a call with me: https://calendly.com/jacobduke/intro✉️ Email me: [email protected] your question here: [email protected]: https://www.youtube.com/@retirementanswers#retirement #howmuchtoretire #retirementplanning #rothira #rothconversion #investing #401k #socialsecurity

As a financial advisor, I see a lot of investing mistakes... And to be honest, I've made a lot of these mistakes myself. I've that getting the investment results you want is far more about limiting your mistakes than hitting home runs.So, I wanted to share common investing mistakes that you should look out for and give you a playbook to avoid them.***Help me make the show better in 2024. Fill out this quick survey!Want help with your retirement plan?👇🏼☎️ Book a call with me: https://calendly.com/jacobduke/intro✉️ Email me: [email protected] your question here: [email protected]: https://www.youtube.com/@retirementanswers#retirement #howmuchtoretire #retirementplanning #rothira #rothconversion #investing #401k #socialsecurity

Roth conversions are a powerful tax savings tool for many retirees. There are many reasons to do Roth conversions:Pay less tax now compared to the futureMinimize future RMDsAvoid future IRMAA surchargesHelp avoid the Widow's Tax TrapLeave tax-free assets to heirsBut mistakes can be made when doing these conversions. In this episode, Jacob shares 6 common Roth conversion mistakes to watch out for.***Help me make the show better in 2024. Fill out this quick survey!Want help with your retirement plan?👇🏼☎️ Book a call with me: https://calendly.com/jacobduke/intro✉️ Email me: [email protected] your question here: [email protected]: https://www.youtube.com/@retirementanswers#retirement #howmuchtoretire #retirementplanning #rothira #rothconversion #investing #401k #socialsecurity

Social Security is one of the pillars of retirement income. But it can be very confusing when you think about PIAs, FRAs, and spousal benefits.In this episode, I break down everything you need to know about Social Security Spousal Benefits and how they work. A big misconception I often hear is that "You get 50% of your spouses benefits." I share why this is a misunderstanding and how spousal benefits are truly calculated. Also, be sure to listen to the end if you are divorced. You could be entitled to spousal benefits if you meet certain criteria!***Help me make the show better in 2024. Fill out this quick survey!Want help with your retirement plan?👇🏼☎️ Book a call with me: https://calendly.com/jacobduke/intro✉️ Email me: [email protected] your question here: [email protected]: https://www.youtube.com/@retirementanswers#retirement #howmuchtoretire #retirementplanning #rothira #rothconversion #investing #401k #socialsecurity

Retirement can be a scary thought. Do I have enough to retire? When should I take Social Security? What if I run of money before I die? How much can I spend?These are big questions that can create anxiety as you approach retirement. So, in this episode, I share 7 common retirement fears and how you can overcome them. This isn't a comprehensive list of fears that come up in retirement, but they are some of the most common ones I hear about.***Help me make the show better in 2024. Fill out this quick survey!Want help with your retirement plan?👇🏼☎️ Book a call with me: https://calendly.com/jacobduke/intro✉️ Email me: [email protected] your question here: [email protected]: https://www.youtube.com/@retirementanswers#retirement #howmuchtoretire #retirementplanning #rothira #rothconversion #investing #401k #socialsecurity

The 2024 Social Security COLA has been announced! I am sharing the following:What the 2024 COLA isWho gets the COLAHow does it compare to COLAs historicallyWhy WHEN you begin receiving your Social Security benefits continues to impact you moving forward2 reasons why your COLA won't be as high as you think***Help me make the show better in 2024. Fill out this quick survey!Want help with your retirement plan?👇🏼☎️ Book a call with me: https://calendly.com/jacobduke/intro✉️ Email me: [email protected] your question here: [email protected]: https://www.youtube.com/@retirementanswers#retirement #howmuchtoretire #retirementplanning #rothira #rothconversion #investing #401k #socialsecurity

Retirement can be challenging... When should I take Social Security? How aggressively should I be investing? How can I manage my taxes? Where is my income going to come from?These are the challenges that typically come up when planning for retirement. But as a financial planner who does retirement planning every day, I have found that one of the hardest parts of retirement is the mental side.Most retirees are worried about spending too much money each month. This can steal your joy because of constant anxiety, and by not spending enough, you are cutting yourself short form the fulfilling retirement you dreamed of.Today, I talk through this common struggle and provide 3 steps you can take to build your confidence in your income and spending plan in retirement.***Help me make the show better in 2024. Fill out this quick survey!Want help with your retirement plan?👇🏼☎️ Book a call with me: https://calendly.com/jacobduke/intro✉️ Email me: [email protected] your question here: [email protected]: https://www.youtube.com/@retirementanswers#retirement #howmuchtoretire #retirementplanning #rothira #rothconversion #investing #401k #socialsecurity

The Health Savings Account (HSA) is the only account you can contribute to that receives triple-tax advantages.Tax-deductible contributionsTax-deferred growthTax-free distributions (for qualified medical expenses)And having a funded HSA in retirement comes with it's advantages:Use for more frequent healthcare costsBridge gap until Medicare ageHelps pay for long-term careCan be used for anything after age 65 without penalty***Help me make the show better in 2024. Fill out this quick survey!Want help with your retirement plan?👇🏼☎️ Book a call with me: https://calendly.com/jacobduke/intro✉️ Email me: [email protected] your question here: [email protected]: https://www.youtube.com/@retirementanswers#retirement #howmuchtoretire #retirementplanning #rothira #rothconversion #investing #401k #socialsecurity

Deciding when to take your Social Security benefits is a common question for most retirees. This decision can cause stress because there is never a perfect answer.If you knew how long you were going to live, it would make this really easy, but that just isn't reality. So, making the most educated decision based on your specific situation is all you can do.In this episode of Retirement Answers, I cover the following:The basics of how your Social Security benefits are calculated3 questions to ask yourself when deciding when to take Social SecurityAnd 6 things to consider when making this decisionIt's not always as easy as saying, "I'm going to take my benefits as soon as I can because I want to get something out of Social Security". Yes, your health, family history, and current financial situation might indicate that you should take your benefits as soon as possible.But for others, this could be a mistake. I hope this episode helps give you some insights into what you should think about before taking Social Security.If you are enjoying Retirement Answers, please give a rating and review. Also, share the podcast with friend who might find it helpful.Want help with your retirement plan?👇🏼☎️ Book a call with me: https://calendly.com/jacobduke/intro✉️ Email me: [email protected] your question here: [email protected]: https://www.youtube.com/@retirementanswers#retirement #howmuchtoretire #retirementplanning #rothira #rothconversion #investing #401k #socialsecurity

What are you going to do next time the market enters a recession? Are you prepared? Do you have a plan?Most investors are reactive to turbulence in the market. They act out of emotion and fear, which is human nature, but if they had a plan in place BEFORE the market volatility came, they wouldn't have to panic.Listen in as I share why you have to:Have a plan before the market volatility beginsExpect poor market and economic conditions And how how you can change your outlook on retirement so you don't have to live in worry.Want help with your retirement plan?👇🏼☎️ Book a call with me: https://calendly.com/jacobduke/intro✉️ Email me: [email protected] your question here: [email protected]: https://www.youtube.com/@retirementanswers#retirement #howmuchtoretire #retirementplanning #rothira #rothconversion #investing #401k #socialsecurity

Tax planning in retirement is a crucial piece in a successful retirement plan. We often think about Roth conversions and tax-loss harvesting as the primary ways to lower your tax bill in your retirement years.But many forget about an opportunity right in front of them... Tax-gain harvesting!This is when you can use the long-term capital gains tax rates to your advantage by intentionally realizing gains when your income is low. By doing this you can achieve a 0% capital gains rate on your investment gains!Want help with your retirement plan?👇🏼☎️ Book a call with me: https://calendly.com/jacobduke/intro✉️ Email me: [email protected] your question here: [email protected]: https://www.youtube.com/@retirementanswers#retirement #howmuchtoretire #retirementplanning #rothira #rothconversion #investing #401k #socialsecurity

Do you have an old 401k from a previous employer? Or maybe even a few straggling out there?I'm a fan of keeping things organized and simple, so rolling over those old 401ks into an IRA to consolidate your money could is typically a good idea. The hard part is knowing how to actually do the rollover correctly.It can be scary because it is your life savings that you are trying to move from one account to another. Well, in this episode, I guide you through the exact process to make sure you do your 401k rollover correctly. Also, I share the benefits of doing a rollover and different times it might not make sense to do a rollover.Want help with your retirement plan?👇🏼☎️ Book a call with me: https://calendly.com/jacobduke/intro✉️ Email me: [email protected] your question here: [email protected]: https://www.youtube.com/@retirementanswers#retirement #howmuchtoretire #retirementplanning #rothira #rothconversion #investing #401k #socialsecurity

What is a retirement plan... actually?Is it a Monte Carlo simulation? Tax projections? Investment allocations?A retirement plan, in my opinion, is non of those things individually. But when they are put together correctly, they each help produce a comprehensive plan.So, this week I week I wanted to share what I think a comprehensive retirement plan looks like and what you should include in your plan.The key takeaway: Your plan doesn't have to be long or super technical. It can be as simple as bullet points on a single page. The most important thing is that the plan is actionable because you can have the best plan, but if you don't execute the plan, it is worthless.Want help with your retirement plan?👇🏼☎️ Book a call with me: https://calendly.com/jacobduke/intro✉️ Email me: [email protected] your question here: [email protected]: https://www.youtube.com/@retirementanswers#retirement #howmuchtoretire #retirementplanning #rothira #rothconversion #investing #401k #socialsecurity

When you want to save Roth money for retirement, but your income is too high... what do you do?Do a Backdoor Roth IRA contribution!Listen in where Jacob shares what a backdoor Roth contribution is, when you should do this (and when you SHOULDN'T), and how to do this correctly.Want help with your retirement plan?👇🏼☎️ Book a call with me: https://calendly.com/jacobduke/intro✉️ Email me: [email protected] your question here: [email protected]: https://www.youtube.com/@retirementanswers#retirement #howmuchtoretire #retirementplanning #rothira #rothconversion #investing #401k #socialsecurity

We all know that Roth conversions can be a powerful tax savings strategy for retirees, but how do you actually pay the taxes when doing a conversion?Listen in to this week's episode to learn about the 2 ways to pay your conversion taxes:Withhold the taxesPay the taxes with cashAlso, I share a few things to look out for and which of these two options I think is the best way to pay the taxes on your Roth conversions.Be sure to stay to the end to hear this week's listener question. Enjoy the show!As always, please reach out with questions or topics you want to hear more about by emailing me at [email protected] help with your retirement plan?👇🏼☎️ Book a call with me: https://calendly.com/jacobduke/intro✉️ Email me: [email protected] your question here: [email protected]: https://www.youtube.com/@retirementanswers#retirement #howmuchtoretire #retirementplanning #rothira #rothconversion #investing #401k #socialsecurity

Roth conversions are often a useful tax savings strategy for retirees, but the hardest part is deciding WHEN to actually do them. In this episode of Retirement Answers, Jacob walks you through what he calls the "Roth Conversion Sweet Spot".The "Sweet Spot" consists of a few things:Low IncomeLarge Tax-Deferred AccountsRetiredNot taking Social SecurityGood cash savingsNot RMD age yetWhen all of these things are true, you are a prime candidate for Roth conversions. Even if only a few of these items apply to you, Roth conversions could still be beneficial for you.Want help with your retirement plan?👇🏼☎️ Book a call with me: https://calendly.com/jacobduke/intro✉️ Email me: [email protected] your question here: [email protected]: https://www.youtube.com/@retirementanswers#retirement #howmuchtoretire #retirementplanning #rothira #rothconversion #investing #401k #socialsecurity

We all know that we need a plan for taxes in retirement... But what if there is a big tax bill waiting for surviving spouses? Yes, surviving spouses often have larger tax bills as a single tax filer compared to when they were filing jointly. This is what I call the Widow's Tax Trap.Do you have large IRA or 401k balances?Are you married?Well, you will want to pay attention to this episode. I am sharing what the Widow's Tax Trap is and what you can do to avoid it. Want help with your retirement plan?👇🏼☎️ Book a call with me: https://calendly.com/jacobduke/intro✉️ Email me: [email protected] your question here: [email protected]: https://www.youtube.com/@retirementanswers#retirement #howmuchtoretire #retirementplanning #rothira #rothconversion #investing #401k #socialsecurity

There are many different retirement income strategies to choose from, but my favorite is the 3 Bucket Plan.I'm a visual learner and being able to separate my money out into 3 different silos helps me remember why my money is invested the way it is.Bucket #1 = CashBucket #2 = BondsBucket #3 = StocksEach bucket has a purpose and a goal. This approach helps you create your investment allocation based on your unique needs, not some rule of thumb.Enjoy the show!Listen on Apple Podcasts: https://podcasts.apple.com/us/podcast/retirement-answers/id1660268930Listen on Spotify: https://open.spotify.com/show/6a5BQ6ezlhiVyNyW5uxW16?si=1dcefde721ed489aWant help with your retirement plan?👇🏼☎️ Book a call with me: https://calendly.com/jacobduke/intro✉️ Email me: [email protected] your question here: [email protected]: https://www.youtube.com/@retirementanswers#retirement #howmuchtoretire #retirementplanning #rothira #rothconversion #investing #401k #socialsecurity

Over the last 18 months, the Federal Reserve has been increasing it's interest rates. And because of this interest rates on cash, CDs, Money Markets, Mortgages, and Car Loans have also increased.In fact, interest rates are the highest we have seen in quite some time. Which can create some issues after such a long period of low interest rates.We got used to really low mortgage rates, but it seems like those are a thing of the past. And now you can get 5% on a 6-month CD! What a welcome sight...Well, these higher interest rates have led to some bad investing behavior. People are trading in their long-term "risky" investments for short-term "safe" investments. In this episode, I share why this is could be a major investing mistake.Want help with your retirement plan?👇🏼☎️ Book a call with me: https://calendly.com/jacobduke/intro✉️ Email me: [email protected] your question here: [email protected]: https://www.youtube.com/@retirementanswers#retirement #howmuchtoretire #retirementplanning #rothira #rothconversion #investing #401k #socialsecurity

We all know about how important it is to have a plan for taxes in retirement. So, we create Roth conversions strategies, but what if I told you there is simple tax savings strategy that is available to anyone.It's called Asset Location.This is when you align the tax type of your investments when the tax type of your accounts to minimize your annual tax burden.For example, your IRA will always be taxed as normal income when you take money from it. Because of this, you would want to have investments that are taxed as normal income in this account type.Asset location is a simple way to lower your tax bill annually, but many don't know about it or are overlooking this - even advisors...Want help with your retirement plan?👇🏼☎️ Book a call with me: https://calendly.com/jacobduke/intro✉️ Email me: [email protected] your question here: [email protected]: https://www.youtube.com/@retirementanswers#retirement #howmuchtoretire #retirementplanning #rothira #rothconversion #investing #401k #socialsecurity

This week I share 5 things that you need to be doing 5 years before retirement. These are things that will help you have the most successful and fulfilling retirement.Want help with your retirement plan?👇🏼☎️ Book a call with me: https://calendly.com/jacobduke/intro✉️ Email me: [email protected] your question here: [email protected]: https://www.youtube.com/@retirementanswers#retirement #howmuchtoretire #retirementplanning #rothira #rothconversion #investing #401k #socialsecurity

We all think stocks are risky because they are volatile. "Oh no! My account is down 25%, I'm losing all of my money!!"Well, today let's have an honest conversation about risk... I want to flip this idea of risk on its head and share my thoughts on what risk really is and what it isn't.Enjoy the show!

We are all curious if we have enough saved to retire. What most people don't do is dig into the details of their savings to see how strategically positioned they are to successfully retire.In this week's episode of Retirement Answers, I walk through a case study from a recent question I received. Be sure to listen in to hear about some of the questions I think about and ask as I evaluate someone's ability to retire.Enjoy the show!

What if I told you your retirement plan is wrong? Initially, probably wouldn't be very comforted to hear that, but I'm here to tell you that it's okay!The simple reality is that we have no way of knowing the future, so all of our retirement plans will be wrong.In this episode of Retirement Answers, I share why it is okay to have an incorrect retirement plan and why having a plan is still very important.Enjoy!

Another big change from the SECURE ACT 2.0 is coming in 2024... This time it has to do with catch-up contributions for everyone 50 or older.Tune into this episode of Retirement Answers to learn everything you need to know about this rule change.Enjoy the show!

Last week on Retirement Answers I shared what annuities were and how they worked.Well, this week I am sharing 6 reasons I do not like annuities and why I think they are not the best investment option for most investors. I hope you enjoy the show.

Ahhhh... Annuities.We have all heard of them, but do we really know what they are and how they work? the reality is that most people don't truly understand them and it's not their fault. These products are really confusing with a lot of moving parts.In today's episode, I explain some of the basics that you should know about annuities. Be sure to tune in next week for Part 2 of this series where I will share the biggest pitfalls of annuities and why I'm not a fan of them.Enjoy the show!

As a financial planner, I have heard it all when it comes to investing..."My friend said this company was about to go crazy!""Did you see what they said on the news?!"But rarely do people make money on those hunches... In today's episode, I share 5 common investing mistakes I see and how to avoid them.I hope you enjoy the show!

One of the biggest decisions you will make in retirement is when to take Social Security! I have found that understanding how Social Security taxation works is important to your overall retirement plan.In this episode, I talk through how Social Security is taxed and share some ideas around why this is important to consider. I hope you enjoy the show!Email: [email protected]

Are you trying to figure out how much you need to have saved to successfully retire? Well, in today's episode I share how you can quickly get to a rough estimate of how much you need to retire.I also discuss a few of the common "rules of thumb" and how they might not be the best ways to figure out if you can retire.Enjoy!

What if you could have $100k of income in retirement entirely tax-free?! Well, in this episode, Jacob Duke, CFP® shares exactly how one of his clients is doing just that. Be sure to stick around to the end for tips around how you can accomplish this as well.Enjoy the show!

Taxes are one if the biggest headwinds retirees will face. In this episode, I share 7 different ways you can lower your tax bill both now and throughout your retirement.I hope you enjoy the show!

We know how important it is to be diversified in our investments... But are you aware of how important it is to be tax-diversified for retirement?By having tax diversification, you can create flexibility before and during retirement as you can choose where you pull income from. Also, being tax-diversified can lower your tax bill throughout retirement.Enjoy the show!

You've probably heard about the failure of Silicon Valley Bank. In this episode, I share my thoughts on the whole situation and what we can learn from it.Enjoy!

In this episode of Retirement Answers, I discuss:How to pay the taxes on Roth conversionsHow 401k distributions are taxedWhy you can't offset dividends with capital lossesI hope you enjoy the show!

In this episode, I answer 3 questions I recently received:Who will inherit my IRA when I die?Can I contribute to my Roth IRA and Roth 401k at the same time?Will I continue receiving my spouses Social Security benefit when they die?Enjoy the show!

After the lackluster performance in bonds in 2022, many are wondering if they should be investing in bonds at all... In this episode of Retirement Answers, I share how bonds work and why the value of bonds fluctuates even though the coupon payments remain the same. Enjoy the show!

Well, they have changed RMDs yet again... In this episode of Retirement Answers, I share how the new RMD rules are going to work and perhaps how it could hurt you later on if you don't plan accordingly.Enjoy the show!

Our immediate reaction as we get closer to retirement is to invest more conservatively. But why? The short answer is that our human nature fears potential loss than enjoys potential gain. What if you could have a plan that covers the short-term & long-term? Well, in this episode, I talk through how the 3-bucket retirement plan can do exactly that.