Retire With Confidence

The Retire With Confidence podcast brings you actionable information for your retirement planning. Topics include financial planning, taxes, investments, social security, Medicare, personal health & wellness, and much more. Join Dave Zaegel, CPA, CFP as he covers various financial and lifestyle topics to help you Retire With Confidence.

Ep 63: No Evolutionary Programming for Retirement 10/03/2023

Ep 63: No Evolutionary Programming for Retirement In this episode of the Retire with Confidence Podcast, Dave Zegle discusses the importance of planning for retirement. He mentions that retirement is a relatively new concept in human history and we don't have any evolutionary programming for it. However, he highlights the benefits of 401K accounts in helping us save for retirement by automating investments and bypassing our natural inclination towards immediate gratification. He emphasizes the need for planning to ensure a smooth transition into retirement and confidently managing our finances during this phase. Dave concludes by stating that having a well-thought-out plan can give individuals the confidence they need to enter retirement successfully. /episode/index/show/77d0ec65-e9eb-4aa0-999c-1b050653e9ac/id/28071138

Ep 62: Online and Self Planning Tools 09/26/2023

Ep 62: Online and Self Planning Tools In this episode of the Retire with Confidence podcast, host Dave Zegle discusses the importance of including taxes and inflation in retirement planning calculations. He explains that many online planning tools often overlook these factors, which can have a significant impact on retirement finances. /episode/index/show/77d0ec65-e9eb-4aa0-999c-1b050653e9ac/id/27731256

Ep 61: Consolidating Retirement Accounts 09/19/2023

Ep 61: Consolidating Retirement Accounts In this episode of the Retire with Confidence podcast, Dave Zegle discusses the importance of consolidating retirement accounts. Many people have multiple retirement accounts from different jobs, which can make planning for retirement confusing and difficult. Consolidating these accounts into one place makes it easier to track and understand investments. /episode/index/show/77d0ec65-e9eb-4aa0-999c-1b050653e9ac/id/27731223

Ep 60: Estate Planning - Setting Up an Irrevocable Trust 09/12/2023

Ep 60: Estate Planning - Setting Up an Irrevocable Trust In the Retire with Confidence podcast, the topic of discussion is irrevocable trusts that can be set up while still alive. These trusts are separate legal entities and can help lower estate taxes and provide creditor protection. The main reasons for setting up an irrevocable trust are to avoid estate taxes when passing on wealth and to ensure it is protected from potential creditors. /episode/index/show/77d0ec65-e9eb-4aa0-999c-1b050653e9ac/id/27731184

Ep 59: Estate Planning - Inheriting Trust Assets 09/05/2023

Ep 59: Estate Planning - Inheriting Trust Assets In this episode of the Retire with Confidence podcast, the topic is inheriting a trust. Dave explains that when you inherit a trust, it becomes an irrevocable trust and has its own identification number for tax purposes. He also discusses the importance of understanding the terms of the trust, including beneficiaries, trustees, distribution restrictions, and rights of different beneficiaries. /episode/index/show/77d0ec65-e9eb-4aa0-999c-1b050653e9ac/id/27731175

Ep 58: Estate Planning - Trust Basics 08/29/2023

Ep 58: Estate Planning - Trust Basics In this episode of the Retire with Confidence podcast, Dave discusses the benefits of setting up a trust as part of estate planning. A trust helps to avoid probate court, which reduces costs and delays. It also provides more specificity in asset distribution and keeps personal affairs private. Additionally, the taxation remains unchanged while alive but will be discussed further in the next episode. /episode/index/show/77d0ec65-e9eb-4aa0-999c-1b050653e9ac/id/27731136

Ep 57: Estate Planning - Will Basics 08/22/2023

Ep 57: Estate Planning - Will Basics In this episode of the Retire with Confidence podcast, the focus is on estate planning and specifically wills. Without a will, the state decides how assets are divided and what happens to dependents. A will should be in writing, signed, and preferably witnessed to ensure its validity. /episode/index/show/77d0ec65-e9eb-4aa0-999c-1b050653e9ac/id/27731085

Ep 56: Legacy Interviews with Vance Crowe 08/15/2023

Ep 56: Legacy Interviews with Vance Crowe Listen as Van Crowe talks about his background and how he got into doing legacy interviews. /episode/index/show/77d0ec65-e9eb-4aa0-999c-1b050653e9ac/id/27730986

Ep 55: May the Odds Be Ever in Your Favor 08/08/2023

Ep 55: May the Odds Be Ever in Your Favor While we cannot predict or control everything, we can focus on positive outcomes and make choices that improve our chances of success. The key is to have a plan that allows for flexibility and margin of error, ensuring that even if things don't go exactly as planned, it won't be catastrophic. By focusing on these basics and putting the odds in our favor, we can retire with confidence. /episode/index/show/77d0ec65-e9eb-4aa0-999c-1b050653e9ac/id/27615372

Ep 54: Inherited IRA RMD Update for 2023 08/01/2023

Ep 54: Inherited IRA RMD Update for 2023 The IRS has delayed giving guidance in this area, causing confusion for those who have recently inherited IRAs. Previously, individuals were able to spread out required distributions over their life expectancy, but the Secure Act changed this to a ten-year period. However, the IRS's interpretation is still unclear and they haven't provided guidance on how to calculate these distributions. /episode/index/show/77d0ec65-e9eb-4aa0-999c-1b050653e9ac/id/27615210

Ep 53: So You Received an Inheritance 07/25/2023

Ep 53: So You Received an Inheritance Now what? In this episode we cover 2 things: What is it that we inherit? What does this mean in regard to taxes? Tune in to learn more! /episode/index/show/77d0ec65-e9eb-4aa0-999c-1b050653e9ac/id/27459588

Ep 52: Are You a Tax Collector? 07/18/2023

Ep 52: Are You a Tax Collector? There are many misconceptions about Retirement Planning. In this Episode, I share 3 of the most common that I've heard. At the end of the episode, I also share helpful tips and resources to overcome the noise so you can Retire with Confidence. /episode/index/show/77d0ec65-e9eb-4aa0-999c-1b050653e9ac/id/27459006

Ep 51: 2023 Worries 07/11/2023

Ep 51: 2023 Worries Just think of how many worries we had coming into 2023. Did they keep us out of investing? Hopefully not. Various worries about what could go wrong always exist. In this episode, we review some of the big concerns people had heading into 2023, how those played out, and how we should be setting-up our investments regardless of such worries...since they never go away. /episode/index/show/77d0ec65-e9eb-4aa0-999c-1b050653e9ac/id/27405012

Ep 50: The Pursuit of Happiness 07/04/2023

Ep 50: The Pursuit of Happiness Have you ever wondered what it actually means to pursue happiness? We hear the term often, but practically speaking, we assume its definition. In this episode, we discuss what the pursuit of happiness is, what it means practically, and how you can plan to retire with confidence. /episode/index/show/77d0ec65-e9eb-4aa0-999c-1b050653e9ac/id/27334788

Ep 49: Why Work with a Financial Planner 06/27/2023

Ep 49: Why Work with a Financial Planner Why work with a financial planner? Fair question. All of the information is available on the internet, right? In this episode, we discuss what a financial planner can do for retirement planning in order for you to retire with confidence. /episode/index/show/77d0ec65-e9eb-4aa0-999c-1b050653e9ac/id/27279603

Ep 48: Questions to Ask a New Advisor 06/20/2023

Ep 48: Questions to Ask a New Advisor In this episode, we discuss an article (link below) written by Deltef Schrempf (yes, the former NBA player). We enjoyed reading it and wanted to bring it to you. We don't agree with all of the questions as being the most important things to ask. But it brings up some good thoughts and we then expand upon what we recommend focusing on when hiring a new financial advisor. /episode/index/show/77d0ec65-e9eb-4aa0-999c-1b050653e9ac/id/27036420

Ep 47: Retirees Falling Short of Income Goal 06/13/2023

Ep 47: Retirees Falling Short of Income Goal In this episode, we review an article (line below) discussing how 75% of retirees fall short of a key retirement goal. We focus more on matching your current leve of income when planning for retirement. This article however offers suggestions on what to do if that is not possible, but you still have some time to work until retirement. https://www.cnbc.com/2023/01/21/retirees-fall-short-on-retirement-income-replacement-ratio.html /episode/index/show/77d0ec65-e9eb-4aa0-999c-1b050653e9ac/id/27034251

Ep 46: Life Transitions 06/06/2023

Ep 46: Life Transitions We go through many transitions during life. Retirement is certainly one of the bigger transitions we will experience. It is critically important that we address the non-financial aspects of such transitions. In this episode, we discuss some of the non-financial benefits that work provides us and how we can identify those and then find them after we retire from working. It's not only retiring "from" a job. It's retiring "to" a happy, peacefully, and fulfilling rest of your life. /episode/index/show/77d0ec65-e9eb-4aa0-999c-1b050653e9ac/id/27034098

Ep 45: Keeping Your Accounting Clean for Business Transitions - with Dennis Fry 05/30/2023

Ep 45: Keeping Your Accounting Clean for Business Transitions - with Dennis Fry 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 only keep their accounting clean, but also improve business processes and best practices. /episode/index/show/77d0ec65-e9eb-4aa0-999c-1b050653e9ac/id/26954313

Ep 44: Retirement Dos and Don'ts for 2023 - Article by Suzie Orman 05/23/2023

Ep 44: Retirement Dos and Don'ts for 2023 - Article by Suzie Orman 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. /episode/index/show/77d0ec65-e9eb-4aa0-999c-1b050653e9ac/id/26781453

Ep 43: I Bought a House in 2009 05/16/2023

Ep 43: I Bought a House in 2009 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. /episode/index/show/77d0ec65-e9eb-4aa0-999c-1b050653e9ac/id/26830161

Ep 42: Retirement Longevity 05/09/2023

Ep 42: Retirement Longevity 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. /episode/index/show/77d0ec65-e9eb-4aa0-999c-1b050653e9ac/id/26780607

Ep 41: Contributing to Traditional vs Roth Accounts 05/02/2023

Ep 41: Contributing to Traditional vs Roth Accounts 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. /episode/index/show/77d0ec65-e9eb-4aa0-999c-1b050653e9ac/id/26716248

Ep 40: Retirement Income Guardrails - with Matthew Jarvis 04/25/2023

Ep 40: Retirement Income Guardrails - with Matthew Jarvis 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. /episode/index/show/77d0ec65-e9eb-4aa0-999c-1b050653e9ac/id/26620869

EP 39: Tax Impact of Spouse Dying 04/18/2023

EP 39: Tax Impact of Spouse Dying 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". /episode/index/show/77d0ec65-e9eb-4aa0-999c-1b050653e9ac/id/26568684

Ep 38: What Amount Do I Need To Retire 04/11/2023

Ep 38: What Amount Do I Need To Retire 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. /episode/index/show/77d0ec65-e9eb-4aa0-999c-1b050653e9ac/id/26484159

Ep 37: Roth IRA 5-Year Rule 04/04/2023

Ep 37: Roth IRA 5-Year Rule 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. /episode/index/show/77d0ec65-e9eb-4aa0-999c-1b050653e9ac/id/26198529

Ep 36: Have Fun in Retirement 03/28/2023

Ep 36: Have Fun in Retirement Transitioning into retirement can be challenging mentally. Don't forget to have fun!! /episode/index/show/77d0ec65-e9eb-4aa0-999c-1b050653e9ac/id/26198505

Ep 35: Risk Tolerance and Risk Capacity 03/21/2023

Ep 35: Risk Tolerance and Risk Capacity Learn about the difference between risk tolerance and risk capacity with your investments, and why it's critical to have a plan in place for when your investment values change. /episode/index/show/77d0ec65-e9eb-4aa0-999c-1b050653e9ac/id/26198493

Ep 34: Focus on the Big Picture 03/14/2023

Ep 34: Focus on the Big Picture Often, it's easy to get distracted by the little things. Not that the little things aren't important, but we have to put them in the proper perspective. We need to focus on the big items first before spending time and energy on the smaller items. We see this in everything from running a business, to handling personal finances, to planning for taxes long-term, to planning for retirement. /episode/index/show/77d0ec65-e9eb-4aa0-999c-1b050653e9ac/id/26198469

Retire With Confidence

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