There is no shortage of questions when it comes to navigating and planning for retirement. ➤ How much do I need to save? ➤ How do I optimize my tax bill and avoid overpaying the IRS? ➤ When do I take Social Security? ➤ What should I invest in? (And what should I avoid?!) The list goes on. And while you’ve likely read (or heard) helpful answers to most of the big questions, it never hurts to revisit them or get a different perspective. In fact, some studies suggest that it can take hearing someth...
Apr 03, 2024•24 min•Ep. 215
Inflation hit a 40-year high of 9.1% in June 2022. Today, inflation is hovering around 3% . If inflation is back in line with long-term historical averages, why does everything still feel so expensive? When voters were asked what they would most like to see improved in our economy... ...why did 64% of them say "lower prices?" In this episode, I'm digging into the current state of inflation, why prices still feel high, and where inflation might be headed. I'm also sharing tactics for how to succe...
Mar 21, 2024•12 min•Ep. 214
Want an easy way to learn how the "Roth 5-Year Rule" affects your unique situation? Subscribe to the Stay Wealthy Retirement Newsletter . As a thank you, you'll receive my one-page flowchart (PDF) for navigating this confusing rule. 👉 Click here to join the newsletter! *** TODAY'S EPISODE: The "Trump-era tax cuts" are set to expire in 2026. In other words, retirement savers only have two more years to take advantage of today's lower tax rates. One of the popular strategies to do this is through...
Mar 07, 2024•25 min•Ep. 213
Today I'm talking through four (rarely-discussed) retirement planning misconceptions. In fact, some of these misconceptions might not be misconceptions at all... ...they might be concepts that you've never even considered! For example, is retirement planning a complex problem OR a complicated problem? (And why does it matter?) And, should you develop a retirement plan from the outside in OR the inside out? To help answer these important questions, I'm joined by Roger Whitney, host of the Retirem...
Feb 21, 2024•44 min•Ep. 212
It's an election year. As a result, many retirement investors believe that the market MUST be in for a wild ride. But is that true? Over the last 100 years, how have markets behaved during election years? What have been the best and worst returns? How has the market performed during every 4-year presidential term since 1929? And is it "different this time?" To help retirement savers invest wisely during this period of heightened uncertainty, I'm answering these questions (and more). --- WANT THE...
Feb 08, 2024•17 min•Ep. 211
The U.S. national debt recently crossed $34 trillion . Without causing some serious pain, paying off this debt is nearly impossible to do. We would have to dramatically cut spending in some VERY important areas, increase taxes, or both. This debacle has led many to label this situation as catastrophic... ...as a "building that we’re stuck in that will need to collapse on us before we can leave." But is it really as bad as some make it out to be? Is $34 trillion of debt truly an issue? Should we ...
Jan 25, 2024•43 min•Ep. 210
With over 300,000 in the U.S., finding a financial advisor is easy. On the other hand, properly evaluating an advisor AND choosing the right expert to help with your unique needs is a challenging task. To help, I'm providing an actionable framework for evaluating financial advisors in this episode. I'm also sharing 3 critical things everyone should consider before entering into a new advisory relationship. It doesn’t matter if you are looking for short-term help or a long-term relationship...if ...
Jan 11, 2024•23 min•Ep. 209
Today I'm talking about stock market predictions. Specifically, I'm sharing: ‣ What happened in the markets in 2023 ‣ What may lie ahead for us in 2024 ‣ Why we should prepare for the biggest crash of our lifetime I'm also sharing an exciting announcement that will directly benefit you! 😊 WANT MORE RETIREMENT PLANNING TIPS? Join 5,000+ listeners and subscribe to the Stay Wealthy Retirement Newsletter . As a thank you, you'll receive a copy of my 2024 Tax Planning Cheatsheet. 👉 Click here to su...
Jan 04, 2024•16 min•Ep. 208
Today I’m sharing 4 (important!) retirement and tax planning updates for 2024. I'm also sharing my freshly updated two-page tax cheatsheet 😊 One listener recently said: "This is the best two-page cheat sheet that I've seen! I do a lot of planning around taxes, IRMAA's, etc., and it is very helpful." If you’re wrapping up your year-end planning + starting to think about 2024 and beyond, you’ll enjoy today’s episode. RETIREMENT & TAX PLANNING RESOURCES: ‣ Grab Your 2024 Tax Cheatsheet ‣ Join ...
Dec 21, 2023•20 min•Ep. 207
Year-end is a popular time for tax planning strategies. Roth conversions. Charitable gifts. Squeezing in those final tax-deductible contributions. And, of course, the crowd favorite... good ol’ tax-loss harvesting! ‣ Who should consider tax-loss harvesting (and who should stay away from it)? ‣ How can you increase the benefit of tax-loss harvesting? ‣ When can harvesting losses backfire? If you're a retirement saver wanting to learn more about this popular tax strategy, you'll love today's episo...
Dec 14, 2023•19 min•Ep. 206
Navigating the Medicare world is confusing and challenging. As a result, many retirees make Medicare decisions without clearly understanding the long-term implications. Long-term implications that, in worst-case scenarios, can put a retirement plan in jeopardy. To help you avoid making costly Medicare mistakes, I'm sharing three (3) big pitfalls to avoid in this episode. If you want to brush up on your Medicare knowledge before turning 65—or you're looking to change your current Medicare plan—yo...
Nov 30, 2023•14 min•Ep. 205
In part two of my series on bonds, I'm tackling three BIG questions: 1.) With cash yielding 5%, does it make sense to use money market funds (or t-bill) as a bond alternative? 2.) What should investors do if they own the wrong bonds and need to make changes? 3.) Does the current landscape shift how retirement investors should approach bonds going forward? If you're ready to dive deep into the research to understand this asset class better, you'll love this episode. ----- WANT MORE RETIREMENT PLA...
Nov 08, 2023•24 min•Ep. 204
Bonds are down 20%+ over the past three years. Meanwhile, riskier asset classes (like U.S. stocks) are UP ~30% during the same period. ‣ What the %@#! is happening to bonds right now? ‣ Why are safe asset classes down double digits while risky asset classes scream upward? ‣ Should retirement investors consider changes? ‣ Are money market funds and CDs a better solution than bond funds? ‣ And what might all of this mean for the future of bond investing? I'm answering these questions (and more!) i...
Oct 26, 2023•26 min•Ep. 203
Today I'm sharing nine fun facts about the economy, markets, and retirement. Along with being entertaining, these facts bring important planning topics to the surface. They also help to address and answer common questions. For example: ‣ How correlated is the economy to the stock market? ‣ What are the actual odds of a catastrophic long-term care event? ‣ Should average life expectancy assumptions be used in retirement projections? If you're ready to have some fun learning about the history of t...
Oct 19, 2023•19 min•Ep. 202
Everyone should freeze their credit. But most retirement savers I talk to have not tackled this simple (and free!) task. After commenting briefly about credit freezes in an episode last month, I've received dozens of GREAT questions from listeners. Questions like... ‣ Should minor children freeze their credit even if they don't have a credit score? ‣ After freezing with the "big three" (Equifax, Transunion, Experian), what other agencies should I freeze my credit with? ‣ How will freezing my cre...
Oct 04, 2023•12 min•Ep. 201
Last June, inflation hit a 40-year high of 9.1%. Since then, it’s been falling month over month, hitting 3.2% in July of this year. The Fed’s aggressive rate hikes seemed to be doing their job, and their 2% inflation target appeared to be in sight. But then, the August CPI report came out a few weeks ago... ...and we saw inflation spike, jumping up to 3.7%. What happened? Where does inflation go from here? And should we be worried about this recent uptick? --- WANT MORE RETIREMENT PLANNING TIPS?...
Sep 27, 2023•12 min•Ep. 200
Year after year, investors underperform the funds they invest in by almost 2%. 🤯 Not because of fees or taxes...but because of poorly-timed investing decisions. In today's episode, I'm sharing the results of this year's "Mind the Gap" study from Morningstar. I'm also sharing: ‣ The asset classes with the highest and lowest behavior gap over the last 10 years ‣ The relationship between volatility and investing returns ‣ Three things retirement investors can do to earn more of the returns generat...
Sep 14, 2023•14 min•Ep. 199
Consumers reported losing nearly $9 billion to fraud in 2022 — a 30% increase from the year prior. And those are just the incidents that are reported. In fact, some reports suggest that the ACTUAL amount is closer to $40 billion! One thing every report seems to agree on is that scams are becoming more prevalent and more sophisticated . So to help protect retirement investors from becoming victims, today I'm sharing the three financial scams to watch out for. I'm also sharing how you can protect ...
Sep 06, 2023•21 min•Ep. 198
In this episode, we're answering listener questions! Specifically, guest host Jeremy Schneider is answering questions like: What are the best index funds to invest in How do you access retirement money early What are the little-known pitfalls of early retirement Jeremy also shares important tips on transferring money from old investment accounts. If you want to get answers to these great questions (and hear from a surprise guest who snuck their way in!), this episode is for you. --- WANT MORE RE...
Aug 30, 2023•32 min•Ep. 197
Almost every day, I (guest host Jeremy Schneider) hear someone mention their credit score . After being in school our entire young lives, we must all crave for someone to give us another grade. And when the ol’ FICO corporation is slapping a big number on all of us... ...we excitedly spend every waking moment trying to improve (or maintain) it. But here’s the problem: Focusing on your credit score is a TERRIBLE way to win with money. You’re putting your energy towards precisely the wrong thing. ...
Aug 23, 2023•21 min•Ep. 196
Today we're talking about the Backdoor Roth IRA. Specifically, guest host Jeremy Schneider is sharing: What the Backdoor Roth IRA strategy is Why you should (or shouldn't) pursue it How to execute it the right way If you're interested in learning more about this unique strategy for getting more money into a Roth IRA, this episode is for you. *** WANT MORE RETIREMENT PLANNING TIPS? Join thousands of listeners and subscribe to the Stay Wealthy Retirement Newsletter . As a thank you, you'll receive...
Aug 16, 2023•9 min•Ep. 195
If YOU were to unexpectedly die tomorrow, would your loved ones know how to access your information? Your bank accounts? Insurance policies? Debts? Access to your home and car? Your devices? Approximately 2/3 of Americans don't have any estate planning documents! To help you avoid leaving a financial mess behind, guest host Jeremy Schneider is sharing how he's PERSONALLY prepared his family for an untimely death. Specifically, he's sharing: ➡ What information and documents he has gathered ➡ Wher...
Aug 09, 2023•17 min•Ep. 194
Today I'm discussing a new retirement withdrawal strategy. The strategy is simple + allows retirees to (safely) spend more money than the 4% rule. It also protects against one of the biggest threats to retirement— Sequence Risk ! If you want to avoid leaving behind a mattress full of money and learn about a simpler approach to boosting retirement income, you'll enjoy today's episode. WANT MORE RETIREMENT PLANNING TIPS? Join thousands of listeners and subscribe to the Stay Wealthy Retirement News...
Aug 02, 2023•19 min•Ep. 192
What separates a good investment from a bad one? How do you evaluate different investment options? Why are some very well-known metrics flawed and problematic? I'm answering these questions + sharing a personal story that caused me to change my approach when giving opinions about different asset classes. WANT MORE RETIREMENT PLANNING TIPS? Join thousands of listeners and subscribe to the Stay Wealthy Retirement Newsletter . As a thank you, you'll receive a copy of my 2023 Tax Planning Cheatsheet...
Jul 26, 2023•14 min•Ep. 191
Last year, I published an episode titled, 5 Reasons Not to Do a Roth Conversion. The 5 reasons shared were: 1️⃣ - Shadow taxes 2️⃣ - No undo button 3️⃣ - Lack of cash flow to pay the tax bill 4️⃣ - You just don’t want to :) 5️⃣ - Future charitable giving goals Today I'm sharing three (more) reasons not to convert + why it might be ok to leave money in your pre-tax IRA. Roth conversions can be a wildly beneficial tax planning move for the right person... ...but they aren't a "no-brainer" for ever...
Jul 12, 2023•20 min•Ep. 190
"Cash is king." But is it a great investment? Historically, investors have built up dry powder to fund emergencies or survive market downturns. But with cash now yielding close to 5%... ...many investors are viewing cash as a way to make money. Today I'm sharing why cash — even at today's rates — is a bad investment. I'm also sharing how much cash a retirement investor should consider holding. WANT MORE RETIREMENT PLANNING TIPS? Join thousands of listeners and subscribe to the Stay Wealthy Retir...
Jun 21, 2023•13 min•Ep. 189
For the last 53 years, U.S. stocks have significantly outperformed international stocks. (It's not even close.) As a result, many retirement investors are left wondering if they should own this asset class. Today I'm sharing why owning international stocks over the last 5 decades -- despite the disappointing track record -- was actually a smart decision. I’m also sharing why owning international stocks for the next 50 years and beyond is likely a wise decision, too. WANT MORE RETIREMENT PLANNING...
Jun 07, 2023•20 min•Ep. 188
Today I'm joined by Phil Huber, Chief Investment Officer at Savant Wealth Management. Phil joins me to take the other side of the alternative investment debate and shares three big insights: 1.) What exactly defines an "alternative investment" 2.) Why traditional stock/bond portfolios will be challenged in the years ahead 3.) How alternatives can help to reduce risk and improve investment returns He also addresses common misconceptions about this complex asset class. If you're looking to expand ...
May 03, 2023•51 min•Ep. 187
Today I'm talking about the bond market. Specifically, what it's currently telling us about where the economy might be headed. In fact, we've never seen bond yields sound the recession alarm this loudly. 🚨 But, how reliable is the bond market? What does this "recession warning" mean for retirement savers? And how might the current environment impact investment decisions? I'm answering these questions (and more) in this episode! WANT MORE RETIREMENT PLANNING TIPS? Join thousands of listeners and...
Apr 26, 2023•16 min•Ep. 186
Today we're talking about expectations vs reality. To help, I’m joined by Rubin Miller, founder and CIO of Peltoma Capital. Rubin and I talk about three BIG things: Why chess players don’t make great investors How retirement savers should think about their current and future investment returns What investment assumptions should be used when running retirement planning projections We also talk about "risk-free" investments, the hidden dangers of an investor's time horizon, and growth vs value sto...
Apr 05, 2023•51 min•Ep. 185
