Episode 6: Keys to a Successful Retirement Plan
My Smart Retirement
Are you ready to secure your financial future? Join Sean as he dives into the essential elements of a successful retirement plan. In this episode, Sean will guide you through maximizing your Social Security benefits, developing a strategic investment plan, and reducing tax liabilities. He also covers how to protect yourself against rising healthcare costs and ensure your legacy is preserved and your assets are passed on tax-efficiently. Sean emphasizes the importance of not only creating but also highly monitoring your plan, ensuring it adapts to your evolving needs over time. Whether you're...
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Episode 5: Questions to ask a Financial Advisor
My Smart Retirement
In this episode, Sean breaks down the key questions you should ask when seeking advice from a Financial Advisor. With so many potential questions out there, it can be overwhelming to know which ones matter most. Sean cuts through the noise, sharing the questions he believes are essential to ask—and why. He also offers insight into the questions he thinks aren’t worth your time, giving you a clearer sense of what to prioritize when it comes to your financial future. Whether you're just starting to build wealth or looking to refine your financial strategy, this episode will guide you in...
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Building Wealth Early: The Power of Compounding Interest
My Smart Retirement
In this episode we are giving helpful tips to discuss with your children and grandchildren. Help them understand the importance of compounding interest at a tax free growth. We Also discuss the importance of protecting the family at a low cost with term life insurance.
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Episode 3: Maximizing Social Security
My Smart Retirement
In this episode, Sean dives deep into the crucial decision of when to start taking Social Security benefits. Should you claim at 62 or wait until 67? Sean breaks down the long-term dollar differences and explores how delaying your claim could impact your financial strategy. He also discusses the challenge of finding supplemental income if you choose to wait—and how long it may take to make up for the benefits you delayed. With many of the old strategies for maximizing Social Security no longer available, Sean shares new approaches to make the most of your benefits. Since the decision is...
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Episode 2: The Truth Behind Annuity Gimmicks
My Smart Retirement
In this episode, we take a deep dive into the world of annuities and uncover the truth behind the flashy promises often made by radio hosts, TV personalities, and seminar speakers. While many people are lured by gimmicks and bold claims, the reality is that what most individuals truly want is financial protection and reliable income. For those seeking both growth and security, annuities can be a great option—but it’s essential to understand how they actually work. We break down the importance of indexes, participation rates, and how advisors track these investments to ensure you're not...
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Episode 1: A New Year
My Smart Retirement
Welcome back! After a brief hiatus, we're thrilled to be podcasting again and excited for what 2025 has in store. In this first episode of the year, Sean shares the company's renewed focus on excellence in customer service, outlining the goals and strategies designed to better serve our clients. We’re committed to making a real impact and delivering exceptional service. Tune in as Sean discusses the company's vision for the year ahead and how we plan to raise the bar in financial services.
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Ep 407: What I’ve Learned Throughout My Career- Farewell Episode
My Smart Retirement
In this episode, Nancy shares some of the things she has learned throughout her 30 years of working in the field of retirement planning. As she heads into retirement herself, she reflects on her experiences with clients throughout the years and shares her major tips and takeaways for your retirement journey. In this farewell episode, Nancy discusses the power of beginning your financial planning journey with the end in mind and envisioning retirement at a young age. She cautions against sacrificing important aspects of life for early retirement and highlights the need for a...
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Ep 406: How Age & Wisdom Impact Financial Planning
My Smart Retirement
Today, we're diving into a topic that affects everyone, regardless of age or financial status: how age and wisdom impact financial planning. No matter where you are in life, your financial goals and priorities will change over time, and it's important to have a plan that reflects your unique needs. In this episode, we'll explore the ways in which age and wisdom impact financial planning strategies and provide practical tips and insights to help you make informed decisions about your finances. Join us for a thought-provoking discussion with Nancy as she explores how our financial goals evolve...
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Ep 405: Your Retirement Memory Bank
My Smart Retirement
Are you finding it hard to transition into retirement after living frugally and saving diligently for many years? In today's episode, Nancy shares the story of a couple who struggled with the idea of spending their hard-earned savings on experiences after they retired. In today’s episode, Nancy will introduce the concept of a "memory bank" and explain how it can help retirees shift their mindset around retirement spending. Join us as we explore the importance of sacrificing in the present so that you can prioritize the things you value in retirement. Nancy will also guide you...
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Ep 404: When Should I Claim Social Security?
My Smart Retirement
If you were given an inheritance, would you go ahead and spend it or find the best way to preserve it and make it last over a larger duration? We’ve found that there are two main types of money managers: those who choose to hold onto the money they have and others that are eager to spend it. These same principles apply to decisions about when to start taking Social Security. Although the government incentivizes people to wait longer before claiming their benefits, many Americans still tap into Social Security as soon as they’re eligible. In fact, a recent study showed that most...
info_outlineAnother round of retirement changes are on the way after President Biden signed a spending bill in December 2022 that included the SECURE Act 2.0. Retirees and pre-retirees need to understand what this legislation means, how it might impact you, and what planning opportunities this could open up.
With a significant number of changes beginning this year and next, we’re going to break the discussion up into two parts. In this first episode, Nancy will lay out the details for RMDs and the new age requirements. The rules will impact both account holders and spouses, and we’ll lay that out for you.
Plus, she’ll tell you about a big change to the 529 plan that will allow people to move money to a Roth. There are some specific rules you’ll need to follow to qualify, but it’s great to have that possibility down the road.
It will be another busy year for retirement planning so make sure you check in with your advisor to see what adjustments you’ll need to make based on this new legislation.
Here’s some of what you’ll learn on this episode:
- The rules have changed for what age you have to take out Required Minimum Distributions. (2:32)
- How these new rules will impact spouses. (8:23)
- Changes to 529 plans will allow people to move that money to a Roth…with some qualifications. (12:31)
- Catch-up contributions increase for the upcoming year. (19:37)