The Retirement Solution

What crazy thing would Americans do to have a tax-free future? A survey found 1 in 10 would clean prison toilets for 3 years in exchange for never paying taxes again! While we all know that taxes (and the IRS) aren’t going away, on this episode of The Retirement Solution, financial advisor Jon Hicks explains that you may have options to control how much you give to Uncle Sam. Connect with Jon and his team J Hagan Capital where they can help you create a tax strategy for your retirement…one that does not include cleaning toilets.See omnystudio.com/listener for privacy information.

Billionaire Ray Dalio once said “cash is trash!” but recently flipped on that thought, telling CNBC, “cash is a better investment than stocks and bonds.” On this episode of The Retirement Solution, financial advisor Jon Hicks shares where he agrees, and disagrees, with Mr. Dalio, and offers other investment options to help defend against inflation. Learn more on what investment vehicles and options may work in your retirement plan. Start the conversation with the team at J Hagan Capital today by visiting RetirementSolutionRadio.com.See omnystudio.com/listener for privacy information.

Warren Buffet is celebrating 58 years at Berkshire Hathaway where he’s overseen a 3.7 million percent return for his company. Mr. Buffet credits his success to “a dozen truly good decisions.” In other words, it’s not about getting every decision right, but getting the important ones right. On this episode, financial advisor Jon Hicks, shares what he believes are the most important things pre-retirees should focus on now, to ensure that they get it right in retirement. Visit RetirementSolutionRadio.com and begin the conversation with Jon and his team at J Hagan Capital about building your own retirement plan.See omnystudio.com/listener for privacy information.

What retirees wished they’d done better preparing for retirement. Connect at RetirementSolutionRadio.com. #Kentucky #RetirementSee omnystudio.com/listener for privacy information.

Before selling your small business, be sure you know about this tax strategy. Connect at RetirementSolutionRadio.com. #Kentucky #Retirement #SmallBusinessOwnersSee omnystudio.com/listener for privacy information.

Jon sat down with Andy, John, Joel and Bill Murray to chat about the Derby, favorite restaurants, and passing financial lessons onto kids. Connect at RetirementSolutionRadio.com. #Kentucky #BillMurray #MurrayBros #RetirementSee omnystudio.com/listener for privacy information.

The amount of available information today is overwhelming and often leads to misinformation. Jon shares what caused him to become a financial advisor and why you likely need a “retirement coach.” Connect at RetirementSolutionRadio.com.See omnystudio.com/listener for privacy information.

Your expectations of retirement may be skewed thanks to one major misconception. Jon explains how to give yourself “permission to spend.” Connect at RetirementSolutionRadio.com.See omnystudio.com/listener for privacy information.

Jon points out how delaying RMDs could create bigger tax burdens. Plus, understanding whether a Roth conversion could work for you. Connect at RetirementSolutionRadio.com.See omnystudio.com/listener for privacy information.

When you retire, the paycheck stops. How will you cover your monthly living expenses? Jon works to demystify building retirement income. Connect at RetirementSolutionRadio.com.See omnystudio.com/listener for privacy information.

Jon shares 3 major mistakes that Silicon Valley Bank made, the lessons you can learn from them, and apply to your retirement plan. Connect at RetirementSolutionRadio.com.See omnystudio.com/listener for privacy information.

Tax rates are at historic lows and expected to go up by 2026. Jon explains how to approach your options on paying taxes on your retirement savings. Connect at RetirementSolutionRadio.com.See omnystudio.com/listener for privacy information.

Jon explains how you could be throwing money away by not having an optimal withdrawal sequence from your accounts. Connect at RetirementSolutionRadio.com.See omnystudio.com/listener for privacy information.

Some financial experts are saying “I see bubbles and champagne,” but others, “I see the need for Alka-Seltzer.” Jon says control what you can, using the right balance of risk vs reward, for you. Connect at RetirementSolutionRadio.com.See omnystudio.com/listener for privacy information.

At 80, Harrison Ford has no interest in retiring. Jon explains that, even if you have no plan to retire, you still need a retirement plan. Connect at RetirementSolutionRadio.com.See omnystudio.com/listener for privacy information.

60% of U.S. adults experience anxiety just thinking about finances. Jon shares ideas to ease fears and gain more confidence to enjoy retirement. Connect at RetirementSolutionRadio.com.See omnystudio.com/listener for privacy information.

While many strategists are saying staying out of stocks and that “de-risking” is mission critical, Jon speaks of opportunities that are available to you right now. Connect at RetirementSolutionRadio.com.See omnystudio.com/listener for privacy information.

Recent drops in the tech sector are likely just a market cycle, but for pre-retirees the losses are scary. Jon explains “distribution economics” and the mind-shift you need to make. Connect at RetirementSolutionRadio.com.See omnystudio.com/listener for privacy information.

Jon explains why you should be concerned about RMD’s, and how the recent passing of Elvis’ daughter, Lisa Marie, highlights the importance of a proper wealth transfer and legacy plan. Connect at RetirementSolutionRadio.com.See omnystudio.com/listener for privacy information.

Grammy-winning rapper Cardi B’s net worth is $62 million, and she’s livid over the cost of lettuce. Jon points out the common thread that the wealthy share on being cost-conscious. Connect at RetirementSolutionRadio.com.See omnystudio.com/listener for privacy information.

Congress passed SECURE 2.0 right before the new year, with a goal of increasing participation in retirement saving plans. Jon worries these new laws will only increase your future taxes. Connect at RetirementSolutionRadio.com.See omnystudio.com/listener for privacy information.

As we focus on resolutions and goals for 2023, Jon shares how you still can retire this year by weighing your risks and building the right income streams. Connect at RetirementSolutionRadio.com.See omnystudio.com/listener for privacy information.

Retirees keeping cash in the bank are missing out on high-yield opportunities of online banks. Jon shares how they’re simplifying the process at J Hagan Capital. Connect at RetirementSolutionRadio.com.See omnystudio.com/listener for privacy information.

Jon explains new S.S. rules and why you should work to maximize S.S. for when you want to take it, not for how long you live. Connect at RetirementSolutionRadio.com.See omnystudio.com/listener for privacy information.

This year, holiday stress is compounded by anxiety over 401(k) losses. Jon says focusing on these 5 areas can help calm your worries. Connect at RetirementSolutionRadio.com.See omnystudio.com/listener for privacy information.

A new survey shows “near retirees” are most afraid of losing their paycheck. Jon talks about the many options available to ease this worry. Connect at RetirementSolutionRadio.com.See omnystudio.com/listener for privacy information.

Optimism is rising thanks to recent market rallies, but Jon worries that investors may fall into “bear traps.” Connect at RetirementSolutionRadio.com.See omnystudio.com/listener for privacy information.

Country star Jason Aldean shares frustrations from early in his career. Jon points out how, right now, the same frustrations are happening to many at the end of their career. Connect at RetirementSolutionRadio.com.See omnystudio.com/listener for privacy information.

Inflation and the market have taken $2.1 trillion off American 401(k)s. Jon explains the importance of getting rid of, “dead money.” Connect at RetirementSolutionRadio.com.See omnystudio.com/listener for privacy information.

Choosing to play for Miami, not New York, saved Tyreek Hill $2.7 million in taxes. Jon talks about strategies to save that don’t require leaving the state. Connect at RetirementSolutionRadio.com.See omnystudio.com/listener for privacy information.

Cutting sponges in half and splitting restaurant meals are common frugal tips. Jon explains how thinking bigger about frugality may double your savings. Connect at RetirementSolutionRadio.com.See omnystudio.com/listener for privacy information.

Volatility has some investors turning to collectables, while others wonder what to do with their 401(k) if they get laid off. Jon wants you to know smart-money options to take control of your financial future. Connect at RetirementSolutionRadio.com.See omnystudio.com/listener for privacy information.

Economic History shows the worst part of a bear market is usually in the last third, meaning we’ve not hit the bottom yet. Jon explains how you still can retire if you’ve figured out these 2 things. Connect at RetirementSolutionRadio.com.See omnystudio.com/listener for privacy information.

The financial “printing press” has been running for over a decade, causing today’s economic turmoil. As the Fed prepares to do whatever it takes to correct things, Jon talks about ways you can prepare. Connect at RetirementSolutionRadio.com.See omnystudio.com/listener for privacy information.

On this episode, NFL Hall of Famer Ray Lewis talks about how achieving mental wealth starts with having a plan. Jon follows up with the 5 areas you need to have covered in that plan. Get a “mental wealth” checkup, visit RetirementSolutionRadio.com.See omnystudio.com/listener for privacy information.

As many states ponder taxing those without long term care insurance, Jon shares how you can take your “dead money” and not only put it to work, but in a way to help you avoid this potential future tax. Need some LTC? Visit RetirementSolutionRadio.com.See omnystudio.com/listener for privacy information.

Jon recounts an eye-opening moment when he showed a client, who owned the same fund in 2 different accounts, how the second was costing them 3 times as much. How efficient is your money? Visit RetirementSolutionRadio.com.See omnystudio.com/listener for privacy information.

A bear market, high inflation, and potential recession have many looking at their financial statements a lot. Jon says, to relieve financial jitters, get these 5 pieces working together in your plan. Seeking financial harmony? Visit RetirementSolutionRadio.com.See omnystudio.com/listener for privacy information.

Those who retired in 1969 had a greater chance of running out of money than someone who retired in 1979 with the same portfolio setup. Jon explains how the current economy is similar to ‘69 and the money lessons you can learn from it. Worried you’ll outlive your money? Visit RetirementSolutionRadio.com.See omnystudio.com/listener for privacy information.

Whether or not we’re in a recession is a hot topic for debate. Regardless, Jon believes we can take advantage of the current economic climate, and avoid common worries, by utilizing 4 simple rules. Worried about a recession’s effects on your savings? Visit RetirementSolutionRadio.com.See omnystudio.com/listener for privacy information.

The bear market has many financial guru’s suggesting Roth conversions on your pre-tax assets. Jon points out the critical math you need to do, first. Thinking about a rollover? Visit RetirementSolutionRadio.com.See omnystudio.com/listener for privacy information.

Pretty jewelry and fancy cars are fun, but financial literacy begins with living for the future and not “the now.” Are your savings set up for long term success? Visit RetirementSolutionRadio.com.See omnystudio.com/listener for privacy information.

The Fed continues to raise interest rates, but will it work to lower prices and how long will it take? A while, probably… Jon shares ideas solving the problem at a micro-level. Is your money defended against inflation? Visit RetirementSolutionRadio.com.See omnystudio.com/listener for privacy information.

Most of us are counting on Social Security and Medicare for retirement, but analysts are pointing out how the “demographic math” is working against us. Worried about cutbacks? Visit RetirementSolutionRadio.com.See omnystudio.com/listener for privacy information.

Despite the “doom and gloom” you’re hearing around the market, some say there are opportunities. Jon says where he thinks the economy is headed and what you need to be considering now. Want to know your opportunities? Visit RetirementSolutionRadio.com.See omnystudio.com/listener for privacy information.

As investors look for ways to protect their capital, Jon further emphasizes the need to do this now because of the looming threat of “deflation.” Want to know your opportunities? Visit RetirementSolutionRadio.com.See omnystudio.com/listener for privacy information.

Warren Buffet made most of his fortune after turning 50, proving that it’s never too late to better your financial position. Jon lists 3 major factors most people lack in their plan. Is your plan complete? Visit RetirementSolutionRadio.com.See omnystudio.com/listener for privacy information.

As you near retirement, you likely don’t have the stomach to just “stay the course.” Jon shares ideas on ‘safer harbors’ for your savings. Start plotting your course, visit RetirementSolutionRadio.com.See omnystudio.com/listener for privacy information.

Many are not getting it right when it comes to the things we can control. Jon talks about unexpected events that can derail you financially, and what you can do now to better prepare. Learn about your options, visit RetirementSolutionRadio.com.See omnystudio.com/listener for privacy information.

Two–Thirds of us are not working with a financial advisor. Jon points out how the fees you may be paying alone, should provide motivation to get a professional’s perspective. Get your 2nd opinion. Visit RetirementSolutionRadio.com.See omnystudio.com/listener for privacy information.