Episode 36: How to Increase Your Confidence through Retirement
Release Date: 05/05/2023
Episode 40: A Conversation about Tax
Retirement DNA
Takeaways: 1. No major changes for 2025 so far 2. IRA contributions remain the same, 401(k) and SEP IRA have had increases. 3. Most likely taxes on Social Security benefits will remain. Hopefully they will inflate the brackets to more current levels. They haven’t been inflated since the 1980’s. 4. If you own rental properties, be sure to deduct depreciation and recapture it when you sell. 5. Tax planning strategies. Tax loss harvesting on non-IRA account
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Episode 39: The Debt Ceiling and What It Means for Americans
Retirement DNA
1. There are 3 potential ways to balance the US Budget and start to pay off debt. 2. 2. Soon the U.S. will be spending more on interest on our than we will spend on any other program. 3. 3. The math doesn’t work out to only raise taxes on the wealthy. 4. 4. Taxes will increase for everyone. 5. 5. Tax-Free accounts will become more important in the future.
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Episode 38: How to Stop Stressing Over Money and Start Enjoying Retirement
Retirement DNA
- Take intermittent steps into retirement. Go part-time, then retire.
- Work with a financial planner that will look holistically at your income and assets.
- If you don’t have a pension, be sure you have a strategy for taking Social Security. That may include taking it early or waiting until after FRA.
- Have your adviser run different scenarios so you can see the difference with taxes, income and how your assets are used.
Episode 37: Why You Should Separate Income and Growth
Retirement DNA
- The traditional way of investing doesn’t work. Research proves it It only works in up markets.
- Your income bucket should last 12+ years.
- It’s important to keep your income bucket away from your growth bucket. You can’t have your safe bucket going negative due to the market.
Episode 36: How to Increase Your Confidence through Retirement
Retirement DNA
- Only about 25% of Americans have been able to reach this goal.
- A traditional balanced portfolio no longer works according to JPMorgan and Goldman Sachs studies.
- Add in some guaranteed products, like annuities. Even the big Wall Street firms like Goldman Sachs, Fidelity, and Morgan Stanley are starting to see the value in them.
- Make sure you are talking to an adviser who specializes in retirement income planning and has the freedom to pick and choose products that are righ info_outline
Episode 35: How to Retire and Aim for The Same Standard of Living
Retirement DNA
1. Only about 25% of Americans are able to reach this goal. 2. A traditional balanced portfolio no longer works according to JPMorgan and Goldman Sachs studies. 3. If you add in guarantees to your portfolio, you can still take the 4% or more and have your money last your retirement. 4. The adviser you speak with matters. Some big firms limit what their advisors can do because they don’t make money off certain products.
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Episode 34: The Secure Act 2.0
Retirement DNA
- Required Minimum Distribution changes to age 73 and will move to age 75 in 2033.
- The Required Minimum Distribution penalty of 50% decreased to 25% and possibly down to 10%.
- Catch-Up contributions have increased and will increase even further for those 60-63 in 2024.
- 529’s that have remaining balances can now be rolled to a Roth IRA for the beneficiary.
- There is still clarification on some things coming down the pike.
Episode 33: Three Opportunities In Today’s Market
Retirement DNA
- Remember the 3 – legged stool? The pension leg has gone away. Maybe you can create your own now.
- Safe money on the sidelines has been earning nothing. Now might be a good time for the next few years for a CD Alternative or a short-term, high quality fixed income portfolio.
- Are you taking advantage of tax harvesting? If not, you should be. Has your advisor talked to you about your non-IRA account?
- Roth IRA Conversions. We talk about this a lot I know. But the market is d info_outline
Episode 32: How To Win When The Market Is Down
Retirement DNA
- If things look bad, don’t freeze with indecision, come talk with us
- Don’t be afraid to make a change, even it if means paying taxes
- Sometimes you have to make a change to rescue your retirement
- Make sure you have a way to limit losses
- Base your retirement on math and not the markets
Episode 31: The Power of Zero
Retirement DNA
- Knowing the average return of a portfolio doesn’t tell the whole story.
- You don’t have to have great returns to end up in a really good place.
- Bonds are the go-to safe haven for the stock market, but where do you go when bonds are down more than some stocks?
- How are you hedging your portfolio? How are you combining good return potential and risk hedging?
- Only about 25% of Americans have been able to reach this goal.
- A traditional balanced portfolio no longer works according to JPMorgan and Goldman Sachs studies.
- Add in some guaranteed products, like annuities. Even the big Wall Street firms like Goldman Sachs, Fidelity, and Morgan Stanley are starting to see the value in them.
- Make sure you are talking to an adviser who specializes in retirement income planning and has the freedom to pick and choose products that are right fit for you.