Ep 30: SECURE ACTs - Catch-up Contributions, QCDs and QLACs
Release Date: 02/14/2023
Ep 45: Keeping Your Accounting Clean for Business Transitions - with Dennis Fry
Retire With Confidence
Business owners get to retire too! But the transition can be different and difficult when you own a business. One of the most important pieces to transitioning / selling a business is to have your accounting function and the business accounting itself clean. Messy financial statements are an immediate red-flag to anyone looking to acquire your business. In this episode, we are joined by Dennis Fry, founder of CPAs for Hire, to learn about why it is critical to have your accounting clean when trying to sell a business, and how CPAs for Hire itself helps business owners not...
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Ep 44: Retirement Dos and Don'ts for 2023 - Article by Suzie Orman
Retire With Confidence
In this episode, we discuss an article by Suzie Orman about the 6 retirement dos and donts for 2023. Some are spot-on, and some it depends on your situation.
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Ep 43: I Bought a House in 2009
Retire With Confidence
Who buys a house in 2009 during a global financial crisis? It may seem scary, but that's exactly what we did. Often, when things are going poorly, we worry and then back-off plans that we had already made. But it may be better to accelerate plans we've already made to take advantage of an opportunity. This is often the case in retirement planning.
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Ep 42: Retirement Longevity
Retire With Confidence
In this episode, we review an article by CNBC regarding the impacts of longevity in retirement planning. We run our retirement plans out to age 95 for both spouses, and often get questions about why we are assuming such a long-retirement for both spouses. We want to make absolutely certain that clients don't run out of money in retirement. That involves not only assuming a longer life, but also using many of the strategies and tactics that we've covered in prior episodes: Roth IRA conversions, buckets for investment income and growth, retirement income guardrails, etc.
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Ep 41: Contributing to Traditional vs Roth Accounts
Retire With Confidence
We often get asked, "should I contribute to Traditional or Roth?". The answer is it depends. Listen to learn more about the reasons to use one versus the other.
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Ep 40: Retirement Income Guardrails - with Matthew Jarvis
Retire With Confidence
How do you know for sure what amount you can take out of your retirement accounts? And how do you know when an adjustment is needed or allowed? Listen to this episode with Matthew Jarvis to learn about retirement income guardrails and dynamic distributions from your invesment accounts in retirement. That way, you know how much income you can take without running out of money in retirement.
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EP 39: Tax Impact of Spouse Dying
Retire With Confidence
When one spouse dies, then in the following calendar year your tax filing changes from married filing jointly to filing single (most likely). That can be a big problem if you haven't planned accordingly. In this episode, we discuss why this is important and what you can do to put yourself in a better position for this "what if".
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Ep 38: What Amount Do I Need To Retire
Retire With Confidence
What amount do I need to retire? It's a question we hear often. Let's dive into why that is different for each person, especially depending on your living expenses, how you structure your investments, and how all of your income will be taxed.
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Ep 37: Roth IRA 5-Year Rule
Retire With Confidence
Learn about the Roth IRA 5-year rule to avoid tax on the earnings of the account, and why you might want to open a Roth IRA now to get the clock started on the 5-year period.
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Ep 36: Have Fun in Retirement
Retire With Confidence
Transitioning into retirement can be challenging mentally. Don't forget to have fun!!
info_outlineThe SECURE ACT was passed a couple years ago and SECURE ACT 2.0 was passed more recently. Both have significant implications for retirement and tax planning.
In this episode, we will discuss to catch-up contributions, Qualified Charitable Distributions, and Qualified Longevity Annuity Contracts.