Ep 11: 401(k) and Other Compensation Plans
Are You Retirement Ready?
Research shows the average American changes jobs 12.3 times before retirement, meaning many Americans have old 401(k) plans that aren’t properly allocated for retirement. When you leave your employer, what options do you have when it comes to your 401(k)? You can roll it over, keep it, consolidate it, or cash it out. What move is best for your retirement plan will depend on your situation and overall financial plan. Rolling over your 401(k) plan from your employer plan can give you a lot more options when it comes to investing and planning for the future. On today’s episode, we are going...
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Ep 10: Budgeting During this Inflationary Period
Are You Retirement Ready?
With inflation on a steady rise and higher prices impacting many pre-retirees and retirees, you may need to re-evaluate how you’re spending and stretching your budget. On today’s episode, Blake and Mark are going to discuss some ways you can save and help your budget during this inflationary period. Firstly, you want to calculate your net income to truly understand how much you can spend on a monthly basis. Some things are negotiable, while others like your mortgage probably aren’t. So, it’s important to find the happy balance between saving money and continuing to do the things that...
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Ep 9: Medicare Supplements with Special Guest Gene Stracener
Are You Retirement Ready?
Are you turning 65 soon and are you planning on signing up for Medicare supplements? We are joined by Gene Stracener today to discuss the importance of Medicare supplements and why they may be a great option for you. Medicare is a traditional type of insurance for that are 65+. It covers hospital visits, surgeries, doctor visits, and more. While it doesn’t cover every healthcare cost, supplements are a great way to get the most out of Medicare. On today’s show, Gene and Mark will explore supplements, Medicare Advantage plans, the questions you should be asking your agent, and more. ...
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Ep 8: Annuities and How They Can Help with Your Taxes
Are You Retirement Ready?
Annuities can be a mysterious retirement tool. Some people love them and others are wary. What is the truth about annuities and can they really help you in your retirement plan? A lot of people only understand blanket statements about annuities and don’t understand how expansive the different types of annuities are. But most financial planners would agree that an annuity can fit very well in a pre-retiree or retiree’s portfolio. All annuities are tax-deferred, meaning the interest is tax-deferred and helps the growth of your account while also keeping your current tax burden...
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Ep 7: Tax Planning and Diversification – Part 3
Are You Retirement Ready?
Did you know there is a difference between preparing for tax season and planning for taxes? You probably are collecting your information for this upcoming tax season already; this is tax preparation. But looking ahead into 2022 is your opportunity to do some tax planning. What different tax codes can you take advantage of to have a more diversified tax plan in the future? The key is to find which tax laws fit your situation and how you work these into your overall financial plan. On today’s episode, Tony and Mark sit down to explore some ways you could possibly save on taxes in 2022 and...
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Ep 6: Preparing for Taxes and Annuities – Part 2
Are You Retirement Ready?
Are you worried about outliving your money? Looking into an annuity may be an option to sustain the longevity of your retirement plan. If Social Security and pensions won’t cover your monthly income in retirement, what options do you have? There are different types of annuities that can match different situations. Perhaps you want to stay home in your later years instead of going into a long-term care facility, we’ll discuss how annuities can help you finance that goal. On today’s episode, we’ll discuss annuities and how they can benefit your plan. Helpful Timestamps: 2:51 –...
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Ep 5: Preparing for the 2022 Tax Season – Part 1
Are You Retirement Ready?
Are you prepared for this upcoming tax season? A new tax landscape is taking shape for 2022 so it’s important you prepare now. If you are concerned about owing a lot of money this year, what can you do to reduce that burden? You may be missing out on some tax credits for your retirement savings. Or perhaps you should take an itemized deduction versus a standard deduction, it’ll depend on your situation. On today’s episode, join us as we start our discussion on some possible ways to prepare your finances for the 2022 tax season. Helpful Timestamps: 0:22 – Hello and Happy New...
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Ep 4: New Tax Proposals - How Could They Impact Your Financial Plan?
Are You Retirement Ready?
What are some proposed tax changes and how could they impact you? On today's show, we'll discuss some tax proposals currently working their way through Congress. A lot of money is being printed and we are supporting a variety of programs, we'll have to pay for it. The top tax rates will probably be going up. Expect changes to long-term capital gains, lifetime exemptions, step-up costs, and more. We'll discuss tax consequences on different retirement accounts as well as life insurance, and some things you should think about before 2021 comes to an end. While none of these changes are set...
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Ep 3: Secure Act 2.0 – What Do You Need to Know?
Are You Retirement Ready?
In December of 2019, the first Secure Act was signed into effect. Secure Act 2.0 is now being proposed, how will it impact you? Some of the biggest possible changes will be to required minimum distributions. While you currently have to take RMDs starting at 72, this could go up to 75. Other changes are being proposed when it comes to Roth IRA conversions, catch-up plans, and charitable giving. Join us today as we discuss these possible changes and what you need to look out for in the future. Helpful Timestamps: 0:48 – Holiday prep stories 2:16 – Our two latest...
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Ep 2: Long Term Care Part 2 - Alternatives to Traditional Solutions
Are You Retirement Ready?
We are halfway through long-term care awareness month. We’ll be finishing up our conversation on long-term care today and discussing some alternative solutions for those looking to pay for long-term care. Most people want to stay at home if it ever came to them receiving care, how will you pay for this? The insurance world is starting to transition giving people more options. When signing up for long-term care or life insurance we’ll calculate your risk and the insurance company will dictate how much money you pay to your policy. However you plan to save for long-term care, it’s...
info_outlineIn December of 2019, the first Secure Act was signed into effect. Secure Act 2.0 is now being proposed, how will it impact you? Some of the biggest possible changes will be to required minimum distributions. While you currently have to take RMDs starting at 72, this could go up to 75. Other changes are being proposed when it comes to Roth IRA conversions, catch-up plans, and charitable giving. Join us today as we discuss these possible changes and what you need to look out for in the future.
Helpful Timestamps:
0:48 – Holiday prep stories
2:16 – Our two latest newsletters
4:56 – What are the major impacts?
6:51 – Roth IRA conversions
8:17 – Cash contributions on charities
8:49 – Automatic 401(k) plans
12:38 – Catch-up plans
113:46 – Having a contingency plan
Website: https://www.nationalretirementgroup.org/podcast
Email: [email protected]
Phone: 888-401-0107