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Ep 26: Accelerating Taxable Income

Retire With Confidence

Release Date: 01/17/2023

Ep 95: Winners Win show art Ep 95: Winners Win

Retire With Confidence

The theme of this episode is that winners win, using examples from sports teams and investments like Apple, Chipotle, Netflix, and Microsoft. The conversation emphasizes the importance of sticking with tried and true strategies and fundamentals, even in the face of temporary setbacks. It discusses the effectiveness of investment structures like individual bonds and 60-40 strategies, and highlights the need to focus on long-term goals and avoid abandoning what works. The key takeaway is to trust in winning strategies, investments, and people, and stay on track with proven methods.  ...

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Ep 94: The Most Valuable Parts of Retirement Planning show art Ep 94: The Most Valuable Parts of Retirement Planning

Retire With Confidence

The most valuable parts of retirement planning are investment structure, tax planning, and providing comfort. Investment structure involves creating a framework for investments that considers how to generate income and maintain growth in retirement. Tax planning focuses on reducing taxes over the long term through strategies like Roth IRA conversions. Providing comfort involves addressing concerns and uncertainties about retirement through comprehensive planning. By focusing on these three aspects, individuals can retire with confidence. Takeaways Investment structure is more important than...

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Ep 93: It's Not Always About the Calculation show art Ep 93: It's Not Always About the Calculation

Retire With Confidence

In this episode, Dave Zaegel emphasizes that retirement planning is not just about calculations and numbers, but also about implementation and the human element. He provides examples of situations where the recommended course of action may not align with what the client wants or feels comfortable with. Two examples he discusses are Roth IRA conversions and choosing between a lump sum or pension payout. Zaegel highlights the importance of taking action, even if it deviates from the ideal calculation, and adjusting the plan as needed. Takeaways Retirement planning is not solely about...

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Ep 92: Stock Market Drops - Big & Small show art Ep 92: Stock Market Drops - Big & Small

Retire With Confidence

In this episode, Dave Zaegel discusses the different types of stock market drops and emphasizes the importance of distinguishing between major economic events and smaller corrections. He highlights that major events like the Great Depression or the dot com crash are infrequent and require significant adjustments, while smaller drops are more frequent and can be seen as opportunities. Dave also explains how smaller drops can be utilized for tax planning, such as Roth IRA conversions. Overall, he encourages listeners to shift their mindset and view stock market drops as chances to improve their...

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Ep 91: Monte Carlo at 100 Percent show art Ep 91: Monte Carlo at 100 Percent

Retire With Confidence

In this episode, Dave Zaegel discusses the use of Monte Carlo simulations in retirement planning. He explains that while Monte Carlo simulations are mathematically useful, they may not be practically helpful when it comes to retirement planning. Dave emphasizes that achieving 100% certainty is not necessary or even desirable in retirement planning. He suggests focusing on dynamic adjustments and other strategies to ensure a successful retirement.   Takeaways: Monte Carlo simulations are overused and may not be practically helpful in retirement planning. Achieving 100% certainty is...

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Ep 90: Advisors Do Different Things show art Ep 90: Advisors Do Different Things

Retire With Confidence

In this episode, Dave Zaegel discusses the importance of finding the right financial planner for your needs. He highlights the fact that different financial advisors have different specialties and areas of expertise. He compares this to the medical field, where doctors have different specialties and refer patients to specialists as needed. Dave emphasizes the importance of understanding your preferences and researching different planners to find the right fit for your retirement planning needs. By finding a planner who aligns with your goals and preferences, you can retire with confidence....

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Ep 89: Keep the Mortgage show art Ep 89: Keep the Mortgage

Retire With Confidence

In this episode, Dave Zaegel discusses the rush to pay off the mortgage and emphasizes the importance of prioritizing financial planning. He advises against rushing to pay off the mortgage without considering other financial goals, such as saving for retirement and building an emergency fund. Dave also highlights the need to consider the interest rates and tax implications before paying off the mortgage. In retirement, he suggests evaluating the mortgage balance relative to retirement assets and considering the impact on taxes and investment growth. The key takeaway is to pay off debt...

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Ep 88: No Need to Play the Lottery show art Ep 88: No Need to Play the Lottery

Retire With Confidence

In this episode, Dave Zaegel discusses the topic of playing the lottery and its implications for retirement planning. He shares an experience he had in a grocery store and highlights two key points to consider when playing the lottery. Dave cautions against viewing the lottery as a solution to retirement problems and emphasizes the importance of understanding the financial implications. He also explores the downsides of winning the lottery and how it can negatively impact one's life. Ultimately, Dave advises listeners to be mindful of the potential consequences before engaging in lottery play....

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Ep 87: Importance of Proper Insurance Coverage with Tyler Arnold show art Ep 87: Importance of Proper Insurance Coverage with Tyler Arnold

Retire With Confidence

In this episode, Tyler Arnold of the Arnold Insurance Group joins Dave Zaegel to discuss the importance of protecting assets through insurance coverage. They cover topics such as auto insurance coverage, home insurance coverage, liability coverage, umbrella policies, and water damage coverage. They emphasize the need to review coverage regularly and make adjustments as necessary. Listeners are encouraged to reach out to Tyler Arnold for further assistance.   Takeaways: Ensure that auto liability coverage meets or exceeds total assets at risk. Consider increasing liability coverage on home...

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Ep 86: IRA Types and Conversions show art Ep 86: IRA Types and Conversions

Retire With Confidence

In this episode, Dave Zaegel discusses traditional IRAs, Roth IRAs, backdoor Roth IRAs, and Roth IRA conversions. He explains the tax implications of each type of account and highlights the benefits of Roth IRAs, which allow for tax-free withdrawals in retirement. Dave also explains the concept of backdoor Roth IRAs, which provide a way to contribute to a Roth IRA even if your income exceeds the limits. He emphasizes the importance of tracking and reporting these transactions on Form 8606 of your tax return.   Takeaways: Traditional IRAs provide a tax deduction for contributions, but...

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More Episodes

Conventional wisdom is often to defer taxes as long as possible.  In many cases, that is the correct course of action.  But did you know that sometimes it makes sense to accelerate taxable income and pay taxes sooner?

Listen to learn more!