The Retirement Solution

Are you prepared for the potential economic shifts on the horizon? In this episode, Jon delves into how Trump's economic policies could impact the markets as he returns to office. The discussion covers the historical context of market recovery from 2009 to 2015, the significant boom during Trump's tenure, and the stabilization post-2020 during Biden’s presidency. Jon explores the implications of potential growth, inflation, and the opportunities available for investors to hedge risks while capitalizing on inflationary instruments. He emphasizes the need for strategic portfolio adjustments to navigate the changing economic landscape. Visit RetirementSolutionShow.com to start building your retirement plan today!See omnystudio.com/listener for privacy information.

Have you ever wondered if you could retire before turning 65? Jon dives into the complexities of early retirement and discusses critical factors to consider, such as the timing of Social Security benefits, the longevity of your savings, and the rising costs of healthcare. He outweighs the risks vs. the rewards and the multiple decisions that need to be considered to retire early. Visit RetirementSolutionShow.com to start building your retirement plan today!See omnystudio.com/listener for privacy information.

Jon discusses the importance of legacy and estate planning and emphasizes the need for individuals to have a will and to consider tax implications for their beneficiaries. The discussion also touches on the significance of making informed decisions about wealth management to ensure that one's legacy is preserved and passed on according to their wishes. Visit RetirementSolutionShow.com to start building your retirement plan today!See omnystudio.com/listener for privacy information.

Jon discusses essential strategies for retirement planning, focusing on tax opportunities, asset allocation, and the importance of having a comprehensive financial plan. He highlights the increasing number of retirees and the need for effective tax strategies to protect savings. Jon emphasizes the benefits of Roth conversions and alternative strategies like institutional life insurance for tax mitigation, urging listeners to consider their unique financial situations and longevity in planning for retirement. Visit RetirementSolutionShow.com to start building your retirement plan today!See omnystudio.com/listener for privacy information.

Jon discusses tax loss harvesting and the complexities of tax codes. He emphasizes the importance of professional guidance from CPAs and tax attorneys to navigate the intricate tax landscape. Through real-life examples, Jon illustrates how proper tax planning can significantly reduce tax liabilities and enhance wealth retention for retirement. The discussion aims to empower listeners to explore tax opportunities that can benefit their financial future. Visit RetirementSolutionRadio.com to start building your retirement plan today!See omnystudio.com/listener for privacy information.

Jon discusses the merits and risks of investing in gold, particularly through unconventional means like purchasing gold bars from Costco. He reflects on the current market trends, the importance of understanding the value of tangible assets, and the implications of cryptocurrency as a modern investment option. Jon emphasizes the need for careful consideration when investing, especially for retirees, and the significance of being aware of financial trends that could impact one's retirement planning. Visit RetirementSolutionRadio.com to start building your retirement plan today!See omnystudio.com/listener for privacy information.

Jon emphasizes the importance of understanding what to ask about retirement savings and the realities of retirement timing. He highlights the need for individuals to find purpose beyond their careers and introduces the concept of front-loading retirement to maximize enjoyment in the early years of retirement. Visit RetirementSolutionRadio.com to start building your retirement plan today!See omnystudio.com/listener for privacy information.

Jon discusses the importance of understanding market trends, the impact of elections on financial planning, and the critical role of tax implications in retirement. He emphasizes that while historical averages suggest a stable market return, individual circumstances and timing can significantly affect retirement outcomes. The discussion also highlights the need for personal responsibility in financial decision-making, especially in light of changing tax codes and economic conditions. Visit RetirementSolutionRadio.com to start building your retirement plan today!See omnystudio.com/listener for privacy information.

Jon discusses the recent interest rate cuts and inflation concerns. He emphasizes the need for multiple income streams and explores opportunities in real estate and business sales, particularly in the context of potential tax strategies. Jon also highlights the significance of legacy planning and taking control of financial decisions to ensure a secure retirement. Visit RetirementSolutionRadio.com to start building your retirement plan today!See omnystudio.com/listener for privacy information.

Jon discusses the complexities of managing personal finances and emphasizes the importance of diversification, the power of compound interest, and the need for individuals to make informed investment choices. He also addresses market trends and strategies for navigating potential downturns, encouraging listeners to focus on generating income and maintaining financial confidence as they approach retirement. Visit RetirementSolutionRadio.com to start building your retirement plan today!See omnystudio.com/listener for privacy information.

Jon discusses various tax strategies that can help individuals minimize their tax liabilities, particularly focusing on tax loss harvesting and capital gains harvesting. He emphasizes the importance of year-round tax planning and provides actionable insights for listeners to consider as they approach year-end financial decisions. Hicks also highlights the potential benefits of utilizing 401k contributions and backdoor Roth options to optimize tax savings. Visit RetirementSolutionRadio.com to start building your retirement plan today!See omnystudio.com/listener for privacy information.

Jon discusses the issue of tax evasion and the government's efforts to crack down on tax cheats. He highlights the irony of IRS employees themselves failing to pay their taxes. Jon explains the complexity of the tax code and the need for strategic tax planning in retirement planning. The conversation also touches on the potential impact of proposed changes to the tax code, such as taxing unrealized capital gains. Visit RetirementSolutionRadio.com to start building your retirement plan today!See omnystudio.com/listener for privacy information.

The conversation revolves around the topic of retirement savings and the mistakes people make with their 401(k)s. Jon discusses the importance of having a plan and making informed decisions about rolling over 401(k) funds. He highlights the potential loss of market gains when funds are left in cash accounts and emphasizes the need to ensure investments are aligned with individual goals. The conversation also touches on considering factors like fees, control, and flexibility when making decisions about retirement savings. Visit RetirementSolutionRadio.com to start building your retirement plan today!See omnystudio.com/listener for privacy information.

In this episode, Jon discusses the current market volatility and the potential for a recession. He explains the concept of the Magnificent Seven stocks and their impact on the market. Jon highlights different strategies to protect gains and minimize losses. He emphasizes the importance of finding a balance in investment decisions and adapting to the evolving financial landscape. Visit RetirementSolutionRadio.com to start building your retirement plan today!See omnystudio.com/listener for privacy information.

In this episode, Jon focuses on the frustration with the abundance of incorrect and misleading financial information available. He discusses the importance of customized financial plans and the need to consider individual circumstances such as marital status, age gap, health issues, and tax situations. The conversation then shifts to the possibility of a recession and its impact on retirement planning. Jon explains that recessions are a normal part of the economic cycle and emphasizes the importance of having a well-positioned portfolio and a plan to weather market volatility. Visit RetirementSolutionRadio.com to start building your retirement plan today!See omnystudio.com/listener for privacy information.

Jon discusses the potential impact of the Federal Reserve cutting interest rates and how it may affect investments and the economy. He also addresses the concerns about the upcoming election and its effect on retirement plans. Jon emphasizes the need for personal responsibility in managing finances and suggests that individuals should be prepared for potential economic challenges. Visit RetirementSolutionRadio.com to start building your retirement plan today!See omnystudio.com/listener for privacy information.

Jon compares the new pitch clock rule in MLB to retirement planning and why rushing the process can have consequences. He emphasizes being intentional when developing a plan revolving around the five pillars to retirement: protection, income design, tax strategy, wealth transfer, and healthcare. Visit RetirementSolutionRadio.com to start building your retirement plan today!See omnystudio.com/listener for privacy information.

Jon discusses the current state of the markets and the potential for a downturn following the recent all-time highs. He emphasizes the importance of protecting retirement savings and creating a reliable income stream. Jon shares the need for a balanced portfolio that includes both growth assets and income assets. Visit RetirementSolutionRadio.com to start building your retirement plan today!See omnystudio.com/listener for privacy information.

Jon discusses the importance of needing to manage and plan for retirement in the future. Tom Selleck is brought up as an example of someone who is still working in his retirement years and the challenges he may face in maintaining his lifestyle. Jon highlights five concepts that create a comprehensive retirement plan: protecting assets, creating income streams, tax planning, legacy planning, and healthcare planning. Visit RetirementSolutionRadio.com to start building your retirement plan today!See omnystudio.com/listener for privacy information.

Jon provides insights on the importance of having clear objectives, realistic spending standards, managing risk, and having a tax plan. The conversation also touches on the challenges of navigating the abundance of information and options available in today's financial landscape. Visit RetirementSolutionRadio.com to start building your retirement plan today!See omnystudio.com/listener for privacy information.

Jon shares a personal story of the financial challenges his family faced when his father became incapacitated and emphasizes the need for proactive planning to avoid leaving important decisions to the courts. Visit RetirementSolutionRadio.com to start building your retirement plan today!See omnystudio.com/listener for privacy information.

Jon explores the idea of preparing for a long and healthy retirement due to the increase in life expectancy. With the potential need to prepare for a retirement that can last several decades, Jon highlights the five pillars of retirement planning: Protection Income Taxes Wealth Transfer Healthcare Jon also touches on the current state of the market and the potential need to adjust risk tolerance. Visit RetirementSolutionRadio.com to start building your retirement plan today!See omnystudio.com/listener for privacy information.

Jon discusses key factors that contribute to wealth accumulation and financial success. He emphasizes the importance of having a financial plan and sticking to it, as well as not worrying about constantly managing and changing investments. Jon also highlights ways to potentially reduce taxes and optimize wealth transfers in retirement. Visit RetirementSolutionRadio.com to start building your retirement plan today!See omnystudio.com/listener for privacy information.

In this episode, Jon focuses on Roth conversions, RMDs, and the impact of tax rates on retirement savings. He explores the opportunities and strategies for optimizing tax planning and saving money through proactive financial decisions. Visit RetirementSolutionRadio.com to start building your retirement plan today!See omnystudio.com/listener for privacy information.

In this episode, Jon delves into the challenges of investing in stocks, valuating the stock market, and the importance of protecting your portfolio in retirement. Visit RetirementSolutionRadio.com to start building your retirement plan today!See omnystudio.com/listener for privacy information.

Excessive government spending may have negative consequences for individuals’ financial future, and Wall Street is becoming more concerned about the impact of this spending on the economy. Jon also discusses being proactive and strategic through tax planning to minimize tax liabilities in retirement. Visit RetirementSolutionRadio.com to start building your retirement plan today!See omnystudio.com/listener for privacy information.

Jon interviews the Murray Bros. again at their annual Caddyshack Golf Tournament to discuss how the charity event came to be, where the peanut butter, lettuce and mayo sandwich came from, and how often the brothers get together to play golf.See omnystudio.com/listener for privacy information.

Following his retirement, Nick Saban’s wife Miss Terry gave him the “12 Commandments of Retirement” that he must abide by. Jon provides his own commandments in retirement that people should consider: Knowing your money is protected. Creating a lasting income stream. Minimizing taxes. Planning for a wealth transfer. Having a healthcare plan. Visit RetirementSolutionRadio.com to start building your retirement plan today!See omnystudio.com/listener for privacy information.

In this episode, Jon discusses the fear of running out of money in retirement and the importance of financial awareness. He explores the idea of working longer due to the fear of the unknown and the benefits of having a sense of paranoia about one's financial future. Jon shares a personal story about the consequences of procrastination and the impact it had on his parents' retirement. He also touches on the need to prioritize happiness and say no to making more money in order to embrace retirement. Visit RetirementSolutionRadio.com to start building your retirement plan today!See omnystudio.com/listener for privacy information.

Steve Eisman, known for shorting and profiting on the housing market collapse in 2007-2008, recently said that the Fed shouldn't cut rates this year due to the economy being fine despite higher interest rates. In this episode, Jon explains the implications of an extended pause on rates and how retirees can be prepared for the many different outcomes that could happen as a result. Visit RetirementSolutionRadio.com to build your retirement plan today!See omnystudio.com/listener for privacy information.

The inverted yield curve, where short-term rates are higher than long-term rates, is often seen as a sign of an impending recession. But how accurate is this signal? And does it really matter? In this episode, Jon breaks down the most recent recessions we've experienced and why bear markets aren't as bad as they seem. Plus, listen how to prepare for the numerous bear markets when living out your retirement years, and focusing on controlling what you can control when it comes to your retirement plan. Connect with Jon and his team to start planning for your retirement. Visit RetirementSolutionRadio.com and start building your financial plan today!See omnystudio.com/listener for privacy information.

The latest inflation number came in higher than expected which has led to speculation about when the Federal Reserve will begin to cut interest rates. In this episode, Jon explains how cutting interest rates isn't always a positive thing and what negative effects it could have on a retirement plan. Learn about why preparing for different market environments is crucial when developing an income plan. Connect with Jon and his team to start planning for your retirement. Visit RetirementSolutionRadio.com and start building your financial plan today!See omnystudio.com/listener for privacy information.

Recently at CRS in Nashville, Cody Johnson shared how he discovered his purpose in life while performing on stage. Finding purpose in retirement can be challenging, but it doesn’t have to be. On this episode, Jon explains that retirement is about doing what you want, when you want, and discovering what truly matters to you as you think ahead to your golden years. Connect with Jon and his team to start planning the retirement of your dreams. Visit RetirementSolutionRadio.com and start building your financial plan today!See omnystudio.com/listener for privacy information.

March Madness is here, which means you’ve probably questioned your bracket selections. Tax season is also here, which means you’ve probably questioned what tax bracket you’ve fallen into. Retirees often think they will pay less taxes because they’re no longer working, but that isn’t always the case. On this episode, Jon explains how every dollar is taxed differently and shares a story of how Warren Buffet, one of the richest people in the world, was in a lower tax bracket than his secretary. Learn about the strategies retirees can take advantage of when living off their life savings. Connect with Jon and his team to learn about your tax situation. Visit RetirementSolutionRadio.com and start building your financial plan today!See omnystudio.com/listener for privacy information.

The 4% Rule was developed in 1994 to ensure retirement savings last. But is this calculation too outdated for today’s retirement plan? On this episode, Jon explains that there’s still a 19% chance of running out of money when using the 4% rule. Hear his ideas on creating an individually tailored income plan ranging from stocks, ETFs, and annuities to meet various needs in retirement planning. Connect with Jon and his team to learn about your specific needs in retirement. Visit RetirementSolutionRadio.com and start building your financial plan today!See omnystudio.com/listener for privacy information.

Entertainer of the Year & Grammy Award-winning singer songwriter Lainey Wilson joins Jon at Country Radio Seminar from Nashville. Lainey details how country music became a lifestyle for her as a child, and shares what she prefers between singing, acting and songwriting. Visit RetirementSolutionRadio.com to connect with Jon and his team to begin planning for your retirement today!See omnystudio.com/listener for privacy information.

There’s a group of Boomers facing their own “retirement crisis,” thanks to the Great Recession. New research shows the youngest Baby Boomers (born between 1960 and 1965) have significantly less wealth than older Boomers, because the recession hit during their peak earning years. For many, their savings never recovered, even though they were 15 years or more from retirement. On this episode, Jon reminds how this same thing could happen to any of us at any time, emphasizing the importance of working to secure your savings from the next recession. Hear his ideas on ways to protect yourself from market downturns, create retirement securities despite future recessions, and options to help safeguard your income in retirement. Don’t let future markets determine your future happiness. Visit RetirementSolutionRadio.com and start building your financial plan today!See omnystudio.com/listener for privacy information.

Are you paying millions more in taxes than you need to? On this episode, Jon’s talks about the hidden tax trap that may be lurking in your retirement accounts. We also discuss how the IRS won’t give you tax advice, but often your financial advisor won’t either. So, who can you turn to for ideas on tax strategies? Jon shares how you may be able to save thousands in taxes (even while you're still working), moves to convert IRAs to Roth IRAs tax-efficiently, and ideas to help avoid common tax mistakes while working to maximize your retirement income. Take action against the taxman! Visit RetirementSolutionRadio.com and start planning your tax-smart retirement today.See omnystudio.com/listener for privacy information.

Next time you check out of a hotel, double check your receipt first! Some hotel chains are now charging a “parking fee” to guests, even if they’re not parking a car. On this episode, Jon exposes the common hidden fees in mutual funds, how fee structure changes can happen in your 401(k) without you knowing, while also offering ideas on better-performing options. Learn about: How "transparent" fees can still cost you thousands. Truths about 401K fees (and when it may be better to go solo). Exchange-Traded Funds (ETFs): That may have lower fees and better performance. Don't let sneaky fees drain your accounts. Visit RetirementSolutionRadio.com and set a time for a fee Xray on your retirement savings.See omnystudio.com/listener for privacy information.

Many are confused about how much you need to retire. Recently, Shark Tank’s Kevin O’Leary said that number is $5 Million! On this episode, Jon Hicks explains why you should forget the unrealistic "magic number" and turn your focus towards strategies to generate income in retirement. We discuss why a “one-size-fits-all approach” often does not work, alternative income-generating strategies to help protect your principal and fight inflation and why, at J Hagan Capital, they believe in front-loading retirement plans to help maximize enjoyment in the early years. Stop worrying about a specific number. Visit RetirementSolutionRadio.com and start building your retirement income planSee omnystudio.com/listener for privacy information.

Many are sick of feeling trapped by high taxes, particularly California residents. Which explains why the state has lost over 750 thousand residents over the last three years. The oppressive state tax rate of 13.3% has folks packing up and headed for states like Florida, Texas and Tennessee which have no state income tax. But if moving is not one of your retirement goals, at J Hagan Capital they can show you alternate solutions that could work within your plan. On this episode, Jon Hicks discusses practical tax-saving techniques for those with substantial incomes, small business owners, and those investment properties. If you’re seeking tailored tax mitigation strategies, connect at RetirementSolutionRadio.com to learn what your options might be.See omnystudio.com/listener for privacy information.

Owning a business is a passion project. So, what happens when you want to retire? In this episode, Jon explores the challenges and emotional nuances that come with considering an exit strategy. Drawing from personal experience as a small business owner himself, Jon’s speaks about the shift in mindset required when transitioning from the hustle of running a business to the prospect of retirement. Learn why having a sellable business is crucial and how to assess its true value. Jon also dives into the economic climate, emphasizing the urgency for small business owners to evaluate their options amid the retirement boom. Whether you're considering selling, passing on to the next generation, or creating your exit plan, at J Hagan Capital, they can show you options to create a smooth transition into retirement. Connect at RetirementSolutionRadio.com.See omnystudio.com/listener for privacy information.

The W-2 statements you’re getting serve as a reminder that it’s tax season. And if you took advantage of higher interest rates on CDs, money-market funds, and certain bonds in 2023, there’s another statement you’ll see – a 1099-INT – the ‘INT’ stands for interest income… Yes, you have to pay taxes on that money, proving that the 5% you earned isn’t really 5%. On this episode, financial advisor Jon Hicks discusses the realities of our tax burdens sharing ideas on ways you may be able to “do better” with your investments now, in effort to reduce your obligations later. Learn more about the impact of ordinary income on your investments, from CDs to money market funds. Discover why municipal bonds and other tax-efficient strategies could help maximize your returns. If you're tired of the tax surprises, go to RetirementSolutionRadio.com and begin the conversation about actionable insights to help optimize your financial strategy.See omnystudio.com/listener for privacy information.

In the golfing world, a “mulligan” is a do-over. But the ability to have a second chance in your retirement may not be so easy. On this episode, financial advisor Jon Hicks shares the 5 crucial strategies they believe everyone needs to live out a comfortable retirement, even when things don't go according to plan. Learn about protecting your retirement investments from market swings, boosting income potential, minimizing taxes, legacy and healthcare planning. Avoid “do-overs” in your retirement. Visit RetirementSolutionRadio.com to learn more about navigating the course with more confidence.See omnystudio.com/listener for privacy information.

On this episode, financial advisor Jon Hicks uses Shohei Ohtani’s landmark deal with the LA Dodgers to highlight the smart financial moves you can make to help better secure your future. Jon breaks down steps for individuals, small business owners, and professionals to help maximize savings and create a tax-smart financial strategy. Discover insights on tax-efficient planning and how understanding the tax code can be a game-changer. Learn how keeping more of what you've earned could be the key to your financial success. Visit RetirementSolutionRadio.com to connect with Jon and his team at J Hagan Capital.See omnystudio.com/listener for privacy information.

The stock market was up 8% in November. Some economists say it’s based on hope that interest rates will finally come down next year, but others argue that the market can keep going even with higher interest rates. On this episode, we hear from economist Ken Polcari who challenges the need for rate cuts, saying a 5% rate is sustainable. Drawing on personal experiences and historical mortgage rates, Jon paints a vivid picture of the market's resilience and the potential impact of fluctuating interest rates on investments. He continues by highlighting current alternatives thanks to higher interest rates. Options like insured indexing and principal protected notes are providing investors more options for diversification. Connect with Jon and his team at J Hagan Capital to learn ideas on combining historical wisdom with modern financial opportunities in your own plan.See omnystudio.com/listener for privacy information.

In this episode, financial advisor Jon Hicks delves into lesser-known opportunities, such as “backdoor Roth conversions,” highlighting the tax advantages and potential growth of converting after-tax dollars into a Roth 401(k), whether you're approaching retirement or are already retired. As Jon breaks down these complex financial strategies, he emphasizes the importance of understanding the rules and laws governing your money. Whether you're fine-tuning your retirement plan or starting from scratch, this episode provides actionable insights to help secure your financial well-being. Don't let the year end without exploring available financial moves. Connect with Jon and his team at J Hagan Capital to learn unique ways to maximize your retirement.See omnystudio.com/listener for privacy information.

In this episode, Jon Hicks unravels the complexities of healthcare costs in retirement. With alarming studies projecting substantial expenses, Jon dives into the numbers, dissecting the 90% chance that a 65-year-old couple needs nearly $300,000 in savings for healthcare coverage. Drawing from his own personal experiences of his father’s healthcare needs and costs, Jon addresses the genuine concerns retirees face when it comes to preserving their savings amid healthcare challenges. He emphasizes the need for a comprehensive approach, touching on protection, income strategies, tax efficiency, wealth transfer, and the evolving landscape of long-term care planning. Don't let healthcare costs catch you off guard. Connect with Jon and his team at J Hagan Capital.com for actionable insights to help fortify your financial future.See omnystudio.com/listener for privacy information.

In this episode, Jon Hicks takes a sharp turn into the realms of financial etiquette and questionable advice, spotlighting the recent proclamation of a popular nationally syndicated personal finance radio host who said retirees should stay 100% invested in stocks and withdraw 8% of their portfolio each year—with no worries. Jon dissects why this advice is not only unrealistic but downright dangerous. From the fallacy of consistent 12% market returns to the volatile nature of equities, discover why a customized approach to retirement planning is crucial. Jon breaks down the math, debunking the myths around high withdrawal rates and emphasizing the importance of understanding market history. Don't let impractical advice jeopardize your financial future. For personalized insights and guidance, connect with Jon and his team at J Hagan Capital. Visit RetirementSolutionRadio.com to continue the conversation.See omnystudio.com/listener for privacy information.

New inflation numbers came in lower than expected. October's Consumer Price Index was 3.2%, down from September’s 3.7%, and the core CPI (which excludes food and energy prices) dropped one-tenth to 4.0%. Still, the numbers remain higher than the Fed’s goal of 2%. In this episode, financial advisor Jon Hicks shares insight on the intricate dance of preparing for your financial future amid the challenges of inflation, market risks, and the critical need for a sustainable income in retirement. As savers seek ways to create increasing income in retirement, to account for inflation, Ron Barron of Barron’s Magazine says to look to the market for that growth. But the market comes with its own risk that can compromise retirees’ savings. Discover the importance of efficient portfolio design, why lumping everything together can be a detriment, and how to allocate your assets intelligently. From safeguarding a portion of your portfolio with no-risk, high-yield options to strategically investing in growth opportunities, learn ideas on crafting a more resilient financial plan. Don't let financial uncertainty cast a shadow over your retirement. Visit RetirementSolutionRadio.com to continue the conversation with Jon and his team at J Hagan Capital.See omnystudio.com/listener for privacy information.