Ep 176: Guardrails Monte Carlo
Retire With Peace
In this episode of the Retire with Peace podcast, host David Zaegel delves into the intricacies of Monte Carlo analysis and retirement guardrails. He explains how Monte Carlo analysis works, its relevance in retirement planning, and the common misconceptions surrounding the 4% rule. Zaegel emphasizes the importance of shifting from a percentage-based mindset to a guardrails approach, allowing for more flexibility and confidence in spending during retirement. He discusses the necessity of making adjustments based on market conditions and encourages listeners to embrace a more proactive and less...
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Ep 175: Don't Bow Down to Software
Retire With Peace
In this episode of the Retire with Peace podcast, host David Zaegel discusses the importance of understanding and critically evaluating financial planning software. He emphasizes that while these tools can provide valuable insights, they should not be blindly trusted. Zaegel highlights the need for human oversight in interpreting software outputs and adapting plans as life circumstances change. He warns against the pitfalls of relying solely on software for retirement planning and stresses the importance of being informed and proactive in financial decision-making.
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Ep 174: Stock Market Drop Coming
Retire With Peace
In this episode, David Zaegel discusses the inevitability of stock market drawdowns and emphasizes the importance of preparing for these events in retirement planning. He encourages listeners to shift their mindset from viewing market drops as an 'if' to a 'when', highlighting the need for financial preparedness and long-term investment strategies. By setting aside sufficient funds outside the stock market, individuals can mitigate the stress of market volatility and seize opportunities when they arise.
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Ep 173: Tax Relief on Tips & Overtime
Retire With Peace
In this episode of the Retire with Peace podcast, host David Zaegel discusses a new tax rule regarding tips and overtime income. He clarifies that while there is a provision for tax-free tips and overtime up to certain limits, the actual implementation will occur during tax return filing, not on paychecks. The conversation highlights the income limits and the need for further guidance from the IRS on reporting these changes.
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Ep 172: Shiny Objects
Retire With Peace
In this episode of the Retire with Peace podcast, host David Zaegel discusses the concept of 'shiny investments'—those alluring but potentially distracting investment opportunities like cryptocurrencies, gold, and popular stocks. He emphasizes the importance of maintaining a balanced investment strategy, ensuring that core financial needs are met before pursuing riskier ventures. Zaegel shares client examples to illustrate how financial security allows for more aggressive investment choices without jeopardizing overall stability. The conversation highlights the need for diversification and...
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Ep 171: When Investing, You Will Be Wrong
Retire With Peace
In this episode of the Retire with Peace podcast, David Zaegel discusses the importance of embracing uncertainty in investing. He emphasizes that investors do not need to be right all the time and should balance confidence with humility. Zaegel also highlights effective risk management strategies, including taking gains off the table and sizing investments appropriately to mitigate potential losses. The conversation encourages listeners to focus on what they can control in their investment decisions, ultimately leading to better outcomes.
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Ep 170: Hire a Financial Planner Before You Need To
Retire With Peace
In this episode of the Retire with Peace podcast, host David Zaegel emphasizes the importance of engaging a financial planner early in the retirement planning process. He discusses how many individuals feel overwhelmed by the complexities of retirement planning and how professional guidance can alleviate that stress. Zaegel highlights specific strategies, such as Roth IRA conversions and qualified charitable distributions, that can be optimized when planned for in advance. He encourages listeners to develop a relationship with a financial planner before retirement to ensure a smoother...
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Ep 169: Online Fraud Is Evolving — Are You Ready?
Retire With Peace
This week, we revisit key takeaways from Dave's conversation with Kathy Stokes of AARP — and how they apply to today’s rapidly changing digital landscape. From deepfake scams to AI-powered fraud attempts, it’s more important than ever to know how to verify, protect, and respond.
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Ep 168: Online Scams
Retire With Peace
In this episode of the Retire with Peace podcast, host David Zaegel discusses the rising threat of online scams, particularly in the context of advancements in artificial intelligence. He emphasizes the importance of being aware and verifying information to combat these scams. Zaegel also shares practical tips for enhancing online security, including the use of strong passwords and two-factor authentication, to protect against identity theft and fraud.
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Ep 167: Using Donor Advised Funds
Retire With Peace
In this episode of the Retire with Peace podcast, host David Zaegel discusses the importance of charitable donations and the strategic use of donor advised funds. He explains how these funds can serve as a powerful planning tool for tax purposes, allowing individuals to batch their donations for maximum tax benefits. The conversation covers the mechanics of donor advised funds, including the ability to donate appreciated stock, the timing of donations, and the potential for investment growth within the fund. Zaegel emphasizes the importance of tax planning and how donor advised funds can...
info_outlineIn 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 calculations and numbers; implementation and the human element are equally important.
Recommended courses of action may not always align with what the client wants or feels comfortable with.
Taking action, even if it deviates from the ideal calculation, can still lead to positive long-term outcomes.
Adjustments to the plan may be necessary to accommodate individual preferences and circumstances.
Chapters
00:00 Introduction and Sponsor Announcement
06:03 Taking Action for Positive Long-Term Outcomes
10:13 Emphasizing the Human Element in Retirement Planning