Retirement Rescue Radio

Nate thanks his team and his clients by telling how they’ve helped him build his business to allow him to give back, and recounts a very recent story of his first Mission Trip.

Nate discusses some of the way is that advisors bring value to their clients in more ways than simply investment returns. Source: PDF of the RMA study guide. Pages 16 – 19

Nate shares some actual good news about the economy amidst a lot of negative. Good news is out there! Source: https://www.youtube.com/watch?v=7er_Cjknknw https://www.dailywire.com/news/trump-secures-biggest-of-all-trade-deals-with-eu

Nate discusses the final big beautiful bill and what it means to retirees and pre retirees from a tax and income standpoint. Source: Source: https://taxfoundation.org/research/all/federal/big-beautiful-bill-senate-gop-tax-plan/?fbclid=IwY2xjawLd9pFleHRuA2FlbQIxMABicmlkETFtek5ubTdCdGpRZmNBYUJ4AR6uSuBkMY86eLyoFqqojCAZpOm-p8Q6HdAwudH36aM3IIpB87suXhhczXnPqg_aem_CJzShSC6xo4fgn4zdqtJ1A https://wcginc.com/blog/one-big-beautiful-bill-obbb/?fbclid=IwY2xjawLd9pRleHRuA2FlbQIxMABicmlkETFtek5ubTdCdGpRZmNBYUJ4AR6r4UcjFtXxACgx8GL_V4V6NN_YDbEtuBWV8WOpOYFc2Kdw_ZQfHbQsiJCiKA_aem_U8UJN1gOXxOnqnL3r2_ygQ https://fortune.com/2025/07/04/trump-signs-one-big-beautiful-bill-into-law-what-that-means-for-your-money/?fbclid=IwY2xjawLd9pdleHRuA2FlbQIxMABicmlkETFtek5ubTdCdGpRZmNBYUJ4AR6uSuBkMY86eLyoFqqojCAZpOm-p8Q6HdAwudH36aM3IIpB87suXhhczXnPqg_aem_CJzShSC6xo4fgn4zdqtJ1A https://www.bogleheads.org/forum/viewtopic.php?t=457576&fbclid=IwY2xjawLd9ppleHRuA2FlbQIxMABicmlkETFtek5ubTdCdGpRZmNBYUJ4AR407mFk2xmCzWFyWon2IGB7_jeIo0I-XTxpahqmkmXXb4-uLDQm2PC2_RCQQg_aem_rvC6014ec7oA7UKO0VOStA https://www.cnbc.com/guide/what-trumps-one-big-beautiful-bill-means-for-your-money/?fbclid=IwY2xjawLd9p1leHRuA2FlbQIxMABicmlkETFtek5ubTdCdGpRZmNBYUJ4AR6wVUnF2upPPztlAZqRSg7S26TGBropG5kPJk60gng_R347FApSKsiLijoTIg_aem_MINsVbLaK7sDXlgYKBBjaQ#senior-bonus-deduction

Nate discusses some of the investment accounts that you can open and investing for retirement other than someone’s retirement plan at work.

Nate discusses how to use certain marketing conditions to your advantage combined with Donor Advised Funds to donate more money to charity in a tax savvy way. Source: https://www.google.com/finance/quote/TSLA:NASDAQ?sa=X&ved=2ahUKEwjaquOr5aKMAxVWHNAFHSXNEJwQ3ecFegQIPxAf

Nate discusses a video that has been making its rounds among his clients that is simply a fear mongering advertisement to sell more newsletter subscriptions and should not be taken seriously. Source: https://www.retirementwatch.com/offer/rw-default?source=RWDD8715T&step=0&CID=434710&AFID=506988&CLICKID=01_177173239_16f527e5-17dc-4e86-a4ca-263b15cb6e5f https://www.retirementwatch.com/offer/rw-default?source=RWDD8715T&step=1&CID=434710&AFID=506988&CLICKID=01_177173239_16f527e5-17dc-4e86-a4ca-263b15cb6e5f

Nate discusses the new Act and the positives and negatives of it, and how it could impact retirees and the Social Security Trust Fund. Source: https://www.thinkadvisor.com/2025/01/05/biden-signs-social-security-fairness-act-/?kw=Biden%20Signs%20Social%20Security%20Fairness%20Act&utm_source=email&utm_medium=enl&utm_campaign=newsroomupdate&utm_content=20250105&utm_term=ta&oly_enc_id=4791J5393367D8I&user_id=7dece68a50d12914b4929182d0b4cb5001dd82cb0e00296b32af6f59bb259b0a https://www.thinkadvisor.com/2025/01/03/debate-is-the-social-security-fairness-act-fair/?kw=Debate%3A%20Is%20the%20Social%20Security%20Fairness%20Act%20Fair%3F&utm_position=1&utm_source=email&utm_medium=enl&utm_campaign=lifehealthweekender&utm_content=20250105&utm_term=tadv&oly_enc_id=4791J5393367D8I&user_id=7dece68a50d12914b4929182d0b4cb5001dd82cb0e00296b32af6f59bb259b0a https://www.thinkadvisor.com/2024/12/30/social-security-fairness-act-could-cause-new-problems/?kw=Social%20Security%20Fairness%20Act%20Could%20Cause%20New%20Problems&utm_position=1&utm_source=email&utm_medium=enl&utm_campaign=weekendreview&utm_content=20250104&utm_term=tadv&oly_enc_id=4791J5393367D8I&user_id=7dece68a50d12914b4929182d0b4cb5001dd82cb0e00296b32af6f59bb259b0a https://www.thinkadvisor.com/2024/12/27/social-security-fairness-act-calls-for-2024-back-payments/?kw=Social%20Security%20Fairness%20Act%20Calls%20for%202024%20Back%20Payments&utm_source=email&utm_medium=enl&utm_campaign=earlywire&utm_content=20241230&utm_term=tadv&oly_enc_id=4791J5393367D8I&user_id=7dece68a50d12914b4929182d0b4cb5001dd82cb0e00296b32af6f59bb259b0a

Nate discusses the positives and negatives about the Trump tariffs and how they could affect prices, the market, and retirees’ investments. Source: https://www.washingtonpost.com/opinions/2024/10/28/jeff-bezos-washington-post-trust/ https://pmc.ncbi.nlm.nih.gov/articles/PMC7255316/#:~:text=The%20wasteful%20effects%20of%20protectionism,marginally%2Dsignificant%20increase%20in%20unemployment. https://taxfoundation.org/research/all/federal/tariffs/ https://www.investopedia.com/news/what-are-tariffs-and-how-do-they-affect-you/ https://www.dailywire.com/news/trump-promises-tariffs-on-all-products-from-mexico-until-it-curbs-flow-of-migrants-into-u-s https://www.dailywire.com/news/trudeau-says-he-had-a-good-call-with-trump-after-threat-of-tariffs https://www.dailywire.com/news/trump-unveils-tariff-ultimatums-against-canada-mexico-and-china https://www.dailywire.com/news/the-art-of-the-tariff-how-trump-can-help-save-the-middle-class

Nate has heard multiple times that Trump wants to cut Social Security, hearing that the source of those concerns was project 2025, so he downloaded all 922 pages, and gets to the bottom of it. Source: https://static.project2025.org/2025_MandateForLeadership_FULL.pdf

Nate discusses the cost of living adjustment increase for 2025 along with the Medicare premium increase, and again tries, possibly in vain, to temper election season emotions. Source: https://www.thinkadvisor.com/2024/10/10/social-security-cola-for-2025-set-at-2-5/?kw=Social%20Security%20COLA%20for%202025%20Set%20at%202.5%25&utm_source=email&utm_medium=enl&utm_campaign=newsroomupdate&utm_content=20241010&utm_term=ta&oly_enc_id=4791J5393367D8I&user_id=7dece68a50d12914b4929182d0b4cb5001dd82cb0e00296b32af6f59bb259b0a https://www.aarp.org/retirement/social-security/info-2024/cola-set-for-2025.html#:~:text=In%20their%202024%20annual%20report,a%20month%20for%20most%20recipients.

Nate discusses a few articles around the theme of underspending in retirement and why some retirees may be hesitant to spend money in retirement, even if their strategies show that they could spend higher amounts. Source: https://www.morningstar.com/retirement/tips-help-you-spend-less-or-more-retirement https://www.forbes.com/sites/timmaurer/2023/09/24/scared-to-spend-overcoming-the-retirement-cycle-of-fear/?sh=4937ce036c5f https://www.msn.com/en-us/news/us/the-anxiety-of-spending-money-you-definitely-have/ar-AA1ojOvF

Nate discusses Kamala Harris’s 25% proposed tax on unrealized capital gains. Sources: https://www.forbes.com/sites/robertwood/2024/08/29/kamala-harris-plan-to-tax-unrealized-capital-gain-is-scary-heres-why/ https://www.forbes.com/sites/robertwood/2024/08/28/kamala-harris-has-big-plans-for-your-taxes-here-is-what-you-could-pay/ https://www.politifact.com/factchecks/2024/aug/30/facebook-posts/harris-backs-an-unrealized-capital-gains-tax-it-wo/ https://taxfoundation.org/data/all/federal/latest-federal-income-tax-data-2024/

Nate is once again fed up with the narrative of the rich not paying any taxes. Literally every single tax comment that came out of Biden’s mouth is wrong. And not subjectively wrong, not politically wrong, they are every one of them objectively, factually wrong. Source: https://taxfoundation.org/data/all/federal/summary-latest-federal-income-tax-data-2023-update/#:~:text=The%20top%201%20percent%20earned,the%20bottom%2090%20percent%20combined https://www.forbes.com/advisor/business/average-salary-by-state/ https://www.politifact.com/factchecks/2021/apr/12/joe-biden/fact-checking-joe-biden-corporation-taxes/ https://drilldownsolution.com/how-billionaires-avoid-taxes/ https://www.washingtonpost.com/politics/2021/10/21/bidens-favorite-stat-that-55-major-corporations-paid-no-federal-income-tax/ https://www.politifact.com/factchecks/2023/nov/29/joe-biden/is-joe-biden-right-that-republicans-would-cut-soci/

Nate discusses an article that explains the changes to the Social Security System that Retirees would be willing to make in order to shore up the reserves and bring it back to solvency.

Nate interviews Advisor Josh Miller on some very specific nuanced social security claiming strategies.

Nate interviews Matt Black who busts some myths surrounding retirement.

Nate discusses strategies to retire early and get the income you need while still qualifying for the ACA tax credits. Sources: Health Insurance Marketplace Calculator HealthCare.gov - Count Income & Household Size

Nate discusses a specific claiming strategy that received a major overhaul in 2015. Source: Social Security Filing Rules for Retirement and Spouses Benefits

Nate takes us through some of the questions you should be asking if you are part of the KPERS system, as well as other considerations to help make your pension and lump sum decisions.

Nate discusses how to tell what kind of financial advisor you will hear from at retirement workshops based on the disclosures on the invitations. He also gives an update on the markets and interest rates and where he expects the market to go this year. Source: AE Wealth Management

Nate discusses his opinion on the debt ceiling issue and its use as a political negotiating tool and whether or not you should be concerned about it. Source: https://fiscaldata.treasury.gov/americas-finance-guide/national-debt/

Nate discusses setting good goals for the year, and gives his perspective on the last quarter of 2022, and the outlook for 2023.

Nate goes through the Secure Act 2.0 legislation, highlights important or interesting aspects, and offers his commentary on the impact to retirees.

Nate discusses the new Social Security COLA, some end of year IRA planning, and some thoughts around what needs to happen to lower inflation and set 2023 back on track.

Nate discusses some myths surrounding annuities and attempts to shine more of a balanced explanation of when they could be a useful tool during retirement.

Millennials want to retire at 50, but aren’t saving nearly enough, and studies show that a lot of people plan to work in some fashion in retirement. Sources: NY Times, CNBC

Nate discusses the recent student loan forgiveness and what that could mean for your retirement. Sources: Kitces.com Note PD Best Colleges NCES.ed.gov

Nate discusses 5 specific tax strategies to help retirees lower their overall lifetime tax liability, and gives examples of combining strategies to make an even bigger impact on your tax bottom line.

Nate discusses a couple articles and gives his perspective on a survey of over 1000 American adults and shares his thoughts on doing a cash out refinance of one’s home. Sources: kitces.com - Weekend Reading for Financial Planners July 30-31 kitces.com - Consumers are Keeping More Cash on the Sidelines

Josh asks Nate his opinion on a variety of financial and retirement topics. Key takeaways and questions: Savings for college in a 529 Do I need life Insurance? Should I sell mom’s house before she goes into a nursing home? Source: ThinkAdvisor

Nate gives perspective around bear market declines to help give peace of mind for investors today. Key takeaways: Is a recession coming? When does a market enter a bear market? How often to bear markets happen? Source: Hartford Funds

Nate and Richard discuss several aspects of retirement including midlife financial crisis, keeping a schedule even when retired, and ways to discern whether or not the information that you find online could be biased. You can follow Richard on Twitter and LinkedIn! Check out Richard's podcast, Friends Talk Money, available on Apple Podcasts. You can also Richard's Marketwatch Blog: The View from Unretirement

Nate & Don discuss why your identity is not defined by what you get paid to do. Key takeaways: What is an actuary? “Life Two” Book Working in retirement How do figure out “what to do” in retirement Fear of running out of money Short term vs long term happiness

Nate sheds light on the confusion surrounding the IRS’s Roth IRA 5-year rule. Three types of Roth accounts this affects: Contributions Conversions Inherited IRS pecking order of withdrawals Contributions first Conversion second Growth or earnings third

Nate discusses some of the new interpretations behind the 10 year distribution rule of IRA money after the passage of the Secure Act, and the consequences of getting it wrong. Source: https://www.thinkadvisor.com/2022/03/14/ed-slott-new-irs-secure-act-regs-are-an-rmd-nightmare/ Key takeaways: Stretch IRA Types of Beneficiaries Trusts Roth IRA Spousal Rollovers

Nate and Josh discuss questions received through the podcast email inbox. Key takeaways: Life Insurance Bank Assets Big Purchases in Retirement Home Equity Loans Policies and plans for grandkids Inflation Market corrections

(This is a hypothetical example provided for illustrative purposes only; it does not represent a real life scenario, and should not be construed as advice designed to meet the particular needs of an individual's situation. Cannot guarantee the accuracy or completeness of the software used to display results or the outputs. Please remember that converting an employer plan account to a Roth IRA is a taxable event. Be sure to consult with a qualified tax advisor before making any decisions regarding your IRA.) Nate illustrates why the concern over having less money in your account to compound due to taxes paid on a Roth IRA conversion is the wrong way to think about it. Key takeaways: Converting to a ROTH Taxes on distributions Tax Brackets in retirement IRS Present value of money Click here to see the source for today's episode!

Nate and Josh discuss questions received through the podcast mailbox. To ask a question, simply email [email protected] Key takeaways: Pensions Retirement Income Analysis Saving in Retirement

What we’ve been told about the tax savings in these plans is a lie. Key takeaways: How did they sell it to us? Who stands to benefit from it? Nate gives a hypothetical example of how one could potentially end up paying more taxes in retirement that you saved during your working career! What to do instead to help avoid that happening. What amount should you have in these plans when you retire to help avoid paying tax on your Social Security income.

Yani is co owner of Unity Gym and helped develop the “Foundational Movement System.”

Nate shares tips for setting and achieving New Year’s resolutions or as he calls them, goals. He also share some of his own goals and thought processes that he goes through to make sure that he is successful with his own. Source: https://www.goskills.com/Soft-Skills/Resources/Top-10-new-years-resolutions Key takeaways: How to set measurable goals New Year’s Resolutions Money Fitness

Nate has a little fun going over 20 quotes about money and quizzes you on who it’s attributable to. Test your financial “knowledge”! Source: https://www.wealthmanagement.com/people/how-well-do-you-know-famous-money-quotations/gallery?slide=1 Key takeaways: Time is money Quotes on money Test your financial knowledge! Investing Share values

Nate interviews Dorian Mintzer on the bonus years and how to find happiness in retirement. Resource List – https://revolutionizeretirement.com/giveaway/ Free Monthly Webinar - https://revolutionizeretirement.com/bandbsig/ Book: https://www.amazon.com/Couples-Retirement-Puzzle-Must-Have-Conversations/dp/1402295901/ref=sr_1_3?keywords=the+couples+retirement+puzzle&qid=1638988940&sr=8-3 Key takeaways: Embracing your bonus years Optimism Ageism Hobbies in retirement Finding your identity in retirement

Nate discusses money and when to determine how much money is enough for retirement. Source: Psychology of Money book by Morgan Housel Key takeaways: How much money is too much? Billionaire Circle Ponzi Scheme Happiness in retirement

Nate congratulates and highlights two clients from Miller Retirement Group for running 50 marathons together as a couple. Source: https://www.fa-mag.com/news/prepare-to-live-on--33-000-a-year-if-you-retire-with-a--1-million-portfolio-64906.html?section=43&utm_source=FA+Subscribers&utm_campaign=047a98a3d6-FAN_AM_Send_052220_A-B+Split_COPY_01&utm_medium=email&utm_term=0_6bebc79291-047a98a3d6-236403437 Episode Link: https://retirementrescueradio.com/episode-111-discretionary-liquidity/ Key takeaways: Marathons in Retirement Safe withdraw rate Bonds Market based products 4% rule Long term care

Nate and Josh discuss questions received through the podcast. If you have questions, email them to us at [email protected] Key takeaways: Should you sell your parent’s house? Long term care Medicaid Filial Law Selling a farm before retirement Mortgage in retirement

Nate discusses excerpts from the Psychology of Money book by Morgan Housel. Click here to order Morgan Housel's book The Psychology of Money! Key takeaways: Psychology of Money What shapes our psychology of money? Debt Inflation

Nate dissects a few excerpts from the book “The Psychology of Money” by Morgan Housel. Key takeaways: IQ, AQ, EQ Ronald Reed Financial success Relationships with Money

Nate discusses a little known state specific laws that could wreak havoc on you or your children’s financial plans. Click here to listen to Nate's interview with Cameron Huddleston that he referenced! Key takeaways: Filial responsibility laws Filial states Healthcare bills Long term care Home equity