Retirement Rescue Radio

Nate pokes fun at his industry and some of the things that advisors say. Sources: Stupid Things Advisors Say 7 Stupid Things People Do with Their Money That Feel Smart at the Time Stupid Things People Say to Advisors Key takeaways: Mortgages Negative & Positive Earnings Stocks Risk and Investing Maximizing Returns and Minimizing Risks

Nate interviews Jasmine Anderson about Medicare enrollment, the different parts of Medicare, and how to apply for it. Jasmine’s Contact Info: Email: [email protected] Phone: 785-813-1222 Key takeaways: What is Medicare? What are the parts of Medicare? What are the costs of Part A & Part B What are the types of Medicare Supplement Plans? Who is eligible for Medicare? What is AEP?

Nate discusses an innovation in the annuity space and gives his take on a new product. Source: https://www.investmentnews.com/annuity-rias-living-benefit-funds-212368 Key takeaways: Sequence of Returns Risk Standalone Living Benefit Variable Annuities

Nate and Josh discuss some more recent Biden tax proposals and the implications to middle America, not just the wealthy. Key takeaways: Taxes in Retirement How much is too much in retirement? Capital Gains Tax Legislative Risk

Nate discusses a few different topics and gives his perspective on how we should be thinking about them, or if we should be worried. Sources: https://www.marketwatch.com/story/when-the-stock-market-pulls-back-keep-buying-especially-these-five-companies-11632249039?siteid=yhoof2 https://www.nytimes.com/2021/09/26/business/china-evergrande-crisis.html https://finance.yahoo.com/news/where-home-prices-going-next-164500871.html https://finance.yahoo.com/news/much-takes-top-1-230436859.html Key takeaways: Evergrande Collapse Global Debt Crisis Housing Prices Exodus in the work force Tax Changes Top 1% Income Earners – what does it take?

Nate discusses changes in Biden’s most recent proposal for tax changes that is included in his $3.5 trillion infrastructure deal. Sources: Bloomberg, CNBC Key takeaways: Top Tax Bracket Capital Gains Step-Up in Basis Estate Tax

Nate interviews author Dr. George Schofield, who discusses different ways of looking at and defining retirement, and the questions you should be asking yourself not only now, but throughout your life to help with all life transitions. George's website Email George! Key takeaways: Goal setting Financial Advising At what point do you need a financial advisor? Do you need an executor? How to use your network

Nate discusses economic factors that affect the solvency of Social Security and Medicare due to the COVID recession. Resources: Resources: https://apnews.com/article/business-medicare-6d527d62acb9a6ee09361d81ccacd36f https://www.thinkadvisor.com/2021/08/11/social-security-cola-estimate-for-2022-raised-to-6-2/?utm_source=email&utm_medium=promo&utm_campaign=august_topcontent&utm_content=083021&utm_term=ta Key takeaways: Cost of living for 2022 Is social security going away? How will the pandemic affect Medicare and Social Security? Taxes on social security How do we free up funds?

Nate discusses how to transition into your third act with coach and author Allan Milham. They discuss how to have a more fulfilling PROtirement rather than a Retirement. Click here to take the "Are You Ready?" assessment! (Scroll to the bottom of the page) *Allan Milham’s opinions are his own and may not reflect those of Miller Retirement Group or AEWM. Allan Milham is not affiliated with Miller Retirement Group or AEWM. Key takeaways: When is the third act of life? Olympians and the third act of life Inventory of who is in your world “Life is Short” mentality How to lead in life and in your community

Nate interviews Nancy Collamer, author, speaker, media contributor, and retirement coach about the many roads to finding your passions in retirement or semi-retirement to live a more fulfilling 2nd Act. Leave us a review, copy and paste it into an email, and send it to [email protected] for a complementary copy of Nancy's book! Click here to receive Nancy's workbook, 25 Questions To Help YOU Identify Your Ideal Second Act. Key takeaways: Three G’s of Retirement Side Hustle in Retirement How do you figure out what to do for your second act? Find your passion Chuck-It List

Nate and Josh jump back into the mailbag to answer pressing questions regarding retirement planning. Key takeaways: 401K Consumer Debt Taxes in Retirement Medicare Savings Accounts Company Stock

Nate discusses estate planning with attorney Chris Green. Phone: 913-738-6597 Website: www.gransonlegacy.com Key takeaways: What is a will? Healthcare Power of Attorney Durable Power of Attorney Who needs estate planning? Irrevocable vs. Revocable Trust

Nate discusses crediting strategies that are available with annuities. Key takeaways: Fixed Indexed Annuities Compounding Growth Point to Point with a cap S&P 500

Nate interviews David Jetson, a national and international speaker, workshop developer and author of Setting True Boundaries, on the importance of setting financial boundaries, how boundaries affect our lives, and some steps to take in order to set your own good boundaries. Resources: www.jetsoncounseling.com www.livingtrueinc.com Books: Setting True Boundaries Finding Emotional Freedom Key takeaways: How to feel comfortable spending money in retirement Showing respect for yourself and your money Setting a budget in retirement Downfalls of not setting boundaries

Nate discusses some local issues with Myranda Zarlengo, who is running for a position on the school board, and is looking to make a difference by putting the focus back on the children first. Facebook Page - https://www.facebook.com/votemyrandazarlengousd497/ Email: [email protected] Website: http://www.myrandazarlengoforschoolboard.com/ Key takeaways: Testing in K-12 COVID & Bringing kids back to school Teacher Pay Elections in Douglas County, KS

Bonds & Stocks Risk in Retirement Volatility Fixed Indexed Annuities Timing the markets 60/40 Stock Bond Mix Income focused alternatives in retirement

Markets rebounded significantly after their sudden plunge in February and March 2020; reminding investors of the importance of focusing on long-term goals instead of short term events. Sources: Stock Market Crash of 1987 Here's How Long It has Taken for Bear Market Losses to Recover 10 Things You Should Know About Bear Markets Takeaways: Investors can get caught up in a “let it ride” mentality in times of unchecked market growth. However, it is just as important to keep an eye on the big picture in good times as it is in bad. We cannot predict when the market will drop or how far it will fall. Investors should take steps to position their portfolios against potential risk during times of growth.

Josh Miller interviews Nate on some of the biggest proposed changes in Biden’s bill, the possible ramifications of it, and what you can do to possibly put yourself in a better position should some of those things come to pass. Sources: Number of Amazon Workers from 2007-2020 The Politicians Lied: Amazon Does Pay Taxes Wall Street Journal: Does Amazon Really Pay No Taxes? Here's the Complicated Answer. Takeaways: Corporate Tax Changes Dividends Share Prices National Deficit Capital Gains Tax

Nate discusses a powerful tool that can be used to satisfy those that are charitably inclined and concerned about lowering their taxes. Click here to listen to the interview with Marty Ruby. Key takeaways: Qualified Charitable Deductions (QCD) Taxes and Donating to Charities in Retirement Required Minimum Distributions (RMD) IRA’s Roth and Taxes Tax Cuts and Jobs Act

Nate adds up multiple different types of taxes to come up with an average percentage of your income that you could be losing to Uncle Sam every year!! He also discusses class envy and a different way of thinking about it. Key takeaways: Income Taxes Social Security Taxes Medicare Taxes Gasoline Prices Excise Tax Sources: https://www.thebalance.com/what-the-average-american-pays-in-taxes-4768594#:~:text=The%20average%20single%20American%20contributed,Tax%20Foundation's%20method%20of%20calculation. https://smartasset.com/taxes/kansas-tax-calculator https://smartasset.com/taxes/kansas-property-tax-calculator#:~:text=While%20the%20typical%20homeowner%20in,home%20value)%20is%201.37%25. https://www.ksrevenue.org/pdf/ppsumm.pdf https://www.salestaxhandbook.com/kansas/rates/lawrence https://taxfoundation.org/wireless-taxes-cell-phone-tax-rates-by-state-2020/ https://igentax.com/gas-tax-state/

Nate answers several questions on various topics in another addition of the Mailbag. Click here to email Nate your questions! Key takeaways: Refinancing Flipping Houses as Investment Strategy Retirement Goals Annuities Student Loans and Payment Suspension Tax Benefits due to COVID-19

Nate discusses an article titled “Can you retire with 1 million dollars?” Key takeaways: How long will 1 Million Dollars last in retirement? Highest spending age group Inflation Rate Taxes in retirement How much money do you need to retire? Social Security Income How to boost savings

Nate discusses historical statistics of market performance during different presidencies, giving perspective on what to possibly expect. Takeaways: Economic triggers History of the stock market based on who is in office How does congress affect the stock market? 2008 Pandemic and spending by congress Taxes and Retirement “Taxes are on sale”