Ep 21: Rolling over after-tax 401(k) contributions to a Roth IRAs
Release Date: 12/13/2022
Ep 127: To Crypto or Not?
Retire With Peace
In this episode of the Retire with Peace podcast, host Dave Zaegel discusses the evolving landscape of cryptocurrencies, particularly Bitcoin, and their implications for retirement planning. He addresses common misconceptions, the potential benefits and risks of including cryptocurrencies in retirement portfolios, and emphasizes the importance of a balanced investment strategy. Zaegel provides insights into how cryptocurrencies can fit into a broader financial plan, while also cautioning that they are not a necessity for every investor. Takeaways: Cryptocurrencies have gained...
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Ep 126: Health Savings Accounts
Retire With Peace
In this episode of the Retire with Peace podcast, host Dave Zaegel discusses the intricacies of Health Savings Accounts (HSAs) and how they differ from Flexible Spending Accounts (FSAs). He emphasizes the tax benefits of HSAs, including tax deductions on contributions and tax-free withdrawals for medical expenses. Zaegel also highlights the importance of having a qualifying insurance plan to contribute to an HSA and suggests strategies for maximizing the benefits of HSAs for retirement planning. Takeaways Health Savings Accounts (HSAs) are often confused with Flexible Spending Accounts...
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Ep 125: Is My Inheritance Taxed?
Retire With Peace
In this episode of the Retire with Peace Podcast, host Dave Zaegel addresses common questions regarding the tax implications of receiving an inheritance. He clarifies that there is no tax on the inheritance itself, but discusses scenarios where taxes may apply, particularly with inherited IRAs and the concept of step-up in basis for inherited assets. The conversation emphasizes the importance of understanding estate taxes and planning for potential tax liabilities in the future. Takeaways: There is no tax on receiving an inheritance. Estate taxes are assessed at the estate level, not...
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Ep 124: Stay Healthy This Winter
Retire With Peace
In this episode of the Retire with Peace Podcast, host David Zaegel shares his personal journey of maintaining health over the past year and offers practical tips for staying healthy during the winter months. He emphasizes the importance of hydration, sleep, exercise, and nutrition, particularly protein intake, as key strategies to boost immunity and overall well-being. David encourages listeners to adopt these habits to enhance their health and avoid common winter illnesses. Takeaways David celebrates a year of good health without illness. Staying hydrated is crucial, especially when...
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Ep 123: Tax Cuts Don't Mean Lower Tax Receipts
Retire With Peace
In this episode of the Retire with Peace podcast, host David Zaegel discusses the complexities of tax planning, particularly in relation to government tax receipts and the impact of tax cuts. He explores historical data to illustrate how tax cuts do not always lead to decreased revenue for the federal government, emphasizing the importance of the economy in determining tax receipts. The conversation also ties into retirement planning, highlighting the long-term strategies individuals can employ to manage their tax liabilities effectively. Takeaways Tax cuts do not always result in...
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Ep 122: What Are Bonds & Structured Notes?
Retire With Peace
In this episode of the Retire with Peace podcast, host Dave Zaegel discusses the fundamentals of bonds and structured notes, emphasizing their importance in providing guaranteed income for retirement. He explains how bonds work as debt instruments, the significance of bond quality, and the role of structured notes as alternatives to bonds. The conversation also highlights the advantages of using individual bonds over bond funds for ensuring income stability during retirement. Previous Episodes Mentioned: Takeaways Bonds and structured notes are essential for retirement...
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Ep 121: Donating Stock for Charitable Contributions
Retire With Peace
In this episode of the Retire with Peace podcast, host Dave Zaegel discusses effective tax planning strategies for charitable donations, particularly focusing on the benefits of donating appreciated stock instead of cash. He explains how this approach can help avoid capital gains taxes and maximize tax deductions, especially in high-income years. The conversation also covers the advantages of using Donor Advised Funds to streamline charitable giving and enhance tax benefits. Additionally, Zaegel highlights the importance of considering state tax credits for charitable contributions, providing...
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Ep 120: Don't Beat the S&P 500 in Retirement
Retire With Peace
In this episode of the Retire with Peace podcast, host Dave Zaegel discusses the importance of strategic retirement planning, particularly focusing on the S&P 500 index and the risks associated with investing during retirement. He emphasizes the need for a balanced approach that includes both long-term growth investments and a short-term investment bucket to mitigate risks such as sequence of returns. The conversation highlights the significance of having a well-structured investment strategy that prioritizes safety and growth for retirement income. Takeaways Beating the S&P...
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Ep 119: Good vs. Optimal Timing in the Stock Market
Retire With Peace
In this episode of the Retire with Peace podcast, host Dave Zaegel discusses the concept of market timing and its implications for investors. He emphasizes the importance of understanding the time frame for investments, distinguishing between short-term and long-term strategies. Zaegel provides historical context by analyzing market trends during significant events like COVID-19 and the Great Recession, illustrating that while optimal timing is elusive, long-term investing generally yields positive results. He encourages listeners to focus on long-term growth rather than trying to predict...
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Ep 118: Recession Is Coming
Retire With Peace
In this episode of the Retire with Peace podcast, Dave Zaegel discusses the inevitability of recessions and the importance of planning for them in retirement. He emphasizes that while recessions are a natural part of the economic cycle, the constant predictions of impending recessions can lead to unnecessary fear and missed opportunities. Zaegel advocates for a proactive approach to financial planning, suggesting that having at least five years of income set aside can provide security and allow retirees to take advantage of market downturns. He encourages listeners to focus on what they can...
info_outlineIn some situations, an employee can make after-tax (but not Roth) contributions to a 401(k) plan. The important piece of the puzzle to know is how to properly handle transfers to IRA accounts once you leave that company. This episode addresses that to make sure you get the maximum tax benefit out of these transactions.