Retire With Peace

The Retire With Peace 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 Peace.

Ep 164: Social Security Strategies for Couples 09/09/2025

Ep 164: Social Security Strategies for Couples In this episode, David Zaegel discusses planning strategies for couples regarding Social Security benefits. He emphasizes the importance of maximizing benefits, planning for taxes, and protecting the surviving spouse. The conversation covers various strategies, including delaying benefits for higher earners and considering health factors when deciding when to claim benefits. Zaegel highlights the need for couples to work together in their planning to ensure they receive the maximum potential benefits. /episode/index/show/77d0ec65-e9eb-4aa0-999c-1b050653e9ac/id/38127845

Ep 163: Social Security Benefit Calculations 09/02/2025

Ep 163: Social Security Benefit Calculations In this episode of the Retire with Peace podcast, host David Zaegel delves into the intricacies of Social Security calculations, focusing on how benefits are determined based on an individual's earnings history. He explains the importance of the highest 35 years of earnings, the adjustment for inflation, and the calculation of the Average Indexed Monthly Earnings (AIME) and Primary Insurance Amount (PIA). Additionally, he discusses spousal benefits and the strategies couples can employ to maximize their Social Security benefits. /episode/index/show/77d0ec65-e9eb-4aa0-999c-1b050653e9ac/id/38053255

Ep 162: The Basics of Social Security 08/26/2025

Ep 162: The Basics of Social Security In this episode of the Retire with Peace podcast, host David Zaegel discusses the fundamentals of Social Security, including its history, funding mechanisms, eligibility requirements, and the timing of retirement benefits. He emphasizes the importance of understanding how Social Security works to effectively plan for retirement, highlighting key aspects such as the minimum and maximum ages for collecting benefits and the impact of waiting to claim benefits on monthly payouts. /episode/index/show/77d0ec65-e9eb-4aa0-999c-1b050653e9ac/id/37939965

Ep 161: Downsize Sooner Rather Than Later 08/19/2025

Ep 161: Downsize Sooner Rather Than Later In this episode, we explore why making the move sooner rather than later can save you money, reduce stress, and give you more freedom in retirement. Here’s what you’ll discover: ✅ The hidden costs of waiting to downsize ✅ How moving earlier can improve cash flow and reduce taxes ✅ The emotional and lifestyle benefits of simplifying sooner ✅ Practical steps to decide when the time is right /episode/index/show/77d0ec65-e9eb-4aa0-999c-1b050653e9ac/id/37872615

Ep 160: Affordable Care Act Subsidy Changing 08/12/2025

Ep 160: Affordable Care Act Subsidy Changing In this episode of the Retire with Peace podcast, host David Zaegel discusses significant changes in retirement planning due to the expiration of enhanced Affordable Care Act premiums. He emphasizes the importance of tax planning strategies to manage insurance premiums and the implications for future income. The conversation highlights the need for proactive planning as the expiration date approaches, encouraging listeners to consider their financial strategies for 2026 and beyond. /episode/index/show/77d0ec65-e9eb-4aa0-999c-1b050653e9ac/id/37768370

Ep 159: DIY Tax Planning Will Be More Difficult 08/05/2025

Ep 159: DIY Tax Planning Will Be More Difficult In this episode, David Zaegel discusses the complexities introduced by recent tax legislation and the importance of careful tax planning. He emphasizes the challenges of navigating the new tax landscape, particularly for those attempting to manage their taxes without professional help. Zaegel shares insights on the necessity of understanding various tax credits and deductions, and the potential pitfalls of DIY tax planning. He advocates for the use of specialized software and professional guidance to avoid costly mistakes and maximize tax benefits. /episode/index/show/77d0ec65-e9eb-4aa0-999c-1b050653e9ac/id/37656450

Ep 158: How Individual Bond Returns Work 07/29/2025

Ep 158: How Individual Bond Returns Work In this episode of the Retire with Peace podcast, host David Zaegel discusses the advantages of investing in individual bonds over bond funds, emphasizing the importance of understanding coupon rates and bond pricing. He explains how interest rate fluctuations affect bond values and how to calculate actual returns based on the purchase price of bonds. The conversation provides valuable insights for investors looking to secure their retirement income through strategic bond investments. /episode/index/show/77d0ec65-e9eb-4aa0-999c-1b050653e9ac/id/37589185

Ep 157: Social Security is Still Taxed 07/22/2025

Ep 157: Social Security is Still Taxed In this episode, David Zaegel clarifies misconceptions surrounding a recent bill affecting Social Security taxation. He emphasizes that the bill does not eliminate taxes on Social Security income but introduces an additional standard deduction for seniors, which can help reduce taxable income. The discussion includes details about income limits and how the new deduction works in retirement planning. /episode/index/show/77d0ec65-e9eb-4aa0-999c-1b050653e9ac/id/37486365

Ep 156: IRA Review: Traditional vs. Roth 07/15/2025

Ep 156: IRA Review: Traditional vs. Roth In this episode of the Retire with Peace podcast, host David Zaegel delves into the fundamental differences between Traditional and Roth IRAs. He explains the tax implications of each type of IRA, including income limits and the benefits of tax deductions versus tax-free withdrawals in retirement. Zaegel emphasizes the importance of understanding these differences for effective retirement planning and suggests a balanced approach by utilizing both types of accounts. /episode/index/show/77d0ec65-e9eb-4aa0-999c-1b050653e9ac/id/37397910

Ep 155: Big Beautiful Bill: Key Planning Items 07/10/2025

Ep 155: Big Beautiful Bill: Key Planning Items In this episode of the Retire with Peace podcast, host David Zaegel discusses the significant impacts of a new bill passed in Congress on financial and retirement planning. He outlines ten key items from the bill, including the permanence of current tax rates, changes to the SALT cap, and new deductions for seniors and children. The conversation emphasizes the complexities introduced by the bill, while also highlighting potential benefits for tax planning. /episode/index/show/77d0ec65-e9eb-4aa0-999c-1b050653e9ac/id/37368180

Ep 154: Good Retirement Plans Don't Fail (Unless You Do) 07/01/2025

Ep 154: Good Retirement Plans Don't Fail (Unless You Do) Summary In this episode of the Retire with Peace podcast, host David Zaegel discusses the key elements of a successful retirement plan. He emphasizes that a well-structured retirement plan can withstand economic fluctuations and stresses the importance of making necessary adjustments over time. Zaegel warns against common pitfalls such as panic selling during market downturns and consistently overspending, which can jeopardize retirement security. He advocates for the use of financial guardrails to help individuals navigate their retirement spending and investment strategies effectively. /episode/index/show/77d0ec65-e9eb-4aa0-999c-1b050653e9ac/id/37215880

Ep 153: Turbulence in Investing 06/24/2025

Ep 153: Turbulence in Investing In this episode of the Retire with Peace podcast, host David Zaegel discusses how to maintain calm amidst the chaos of the stock market and economic uncertainty. Using the analogy of flying through turbulence, he explains that just as pilots remain composed during bumpy flights, investors can also navigate market fluctuations with confidence. Zaegel emphasizes the importance of understanding that companies are actively working to overcome challenges and that market downturns can present opportunities for long-term investors. He advocates for having a solid financial plan in place, including setting aside sufficient income to weather market storms, allowing time for companies to recover and thrive. /episode/index/show/77d0ec65-e9eb-4aa0-999c-1b050653e9ac/id/37116330

Ep 152: What Do Higher Interest Rates Mean? 06/17/2025

Ep 152: What Do Higher Interest Rates Mean? In this episode of the Retire with Peace podcast, host David Zaegel discusses the recent changes in interest rates and their implications for retirement planning. He explains the historical context of interest rates, the impact of rising rates on bonds and stocks, and offers strategies for managing investments in a changing economic environment. The conversation emphasizes the importance of understanding these dynamics to make informed financial decisions for retirement. /episode/index/show/77d0ec65-e9eb-4aa0-999c-1b050653e9ac/id/37039155

Ep 151: Government Validation of Planning Strategy 06/10/2025

Ep 151: Government Validation of Planning Strategy In this episode, David Zaegel discusses the importance of having a solid investment strategy, especially during volatile market conditions. He emphasizes the need for retirement planning that includes setting aside at least five years of income in secure investments to alleviate stress and uncertainty. The conversation highlights the validation of these strategies in the current market environment, showcasing how proper planning can lead to financial security and peace of mind. /episode/index/show/77d0ec65-e9eb-4aa0-999c-1b050653e9ac/id/36930440

Ep 150: Don't Wait for the Housing Drop 06/03/2025

Ep 150: Don't Wait for the Housing Drop In this episode of the Retire with Peace podcast, host David Zaegel discusses the current housing market dynamics, emphasizing that potential buyers should not wait for housing prices or interest rates to drop before making a purchase. He explains that significant declines in housing prices are rare and often tied to economic crises. Zaegel also highlights the importance of understanding interest rates and the potential for refinancing in the future, encouraging listeners to focus on their budget and the overall cost of homeownership rather than waiting for ideal market conditions. /episode/index/show/77d0ec65-e9eb-4aa0-999c-1b050653e9ac/id/36828365

Ep 149: Working with the Government 05/27/2025

Ep 149: Working with the Government In this episode of the Retire with Peace podcast, host David Zaegel discusses the importance of understanding and navigating government interactions, especially as one approaches retirement. He emphasizes the necessity of setting up online accounts with government entities like the IRS and Social Security to streamline communication and access to important information. Zaegel provides insights into the challenges of dealing with government agencies and offers practical advice for ensuring a smoother experience when managing retirement benefits and tax obligations. /episode/index/show/77d0ec65-e9eb-4aa0-999c-1b050653e9ac/id/36724015

Ep 148: Phased-In Retirement 05/20/2025

Ep 148: Phased-In Retirement Summary In this episode, Dave Zaegel discusses the evolving concept of retirement, emphasizing the importance of flexibility and mental preparation in the transition. He explores various scenarios where individuals phase into retirement rather than making a sudden shift, highlighting the need to consider what one is retiring to, not just from. The conversation encourages listeners to think broadly about their retirement options, including part-time work, new roles, or even starting a business, to maintain engagement and fulfillment in their post-career lives. /episode/index/show/77d0ec65-e9eb-4aa0-999c-1b050653e9ac/id/36636185

Ep 147: Municipal Bonds 05/13/2025

Ep 147: Municipal Bonds Summary In this episode, Dave Zaegel discusses the benefits of municipal bonds, particularly their tax advantages for retirement planning. He explains how municipal bonds are issued by state and local governments, the tax exemptions they offer, and the importance of considering one's tax bracket when investing. The conversation also touches on the quality of bonds and the risks associated with them, emphasizing the need for high-quality investments in retirement. /episode/index/show/77d0ec65-e9eb-4aa0-999c-1b050653e9ac/id/36543665

Ep 146: Retirement Planning with AI 05/06/2025

Ep 146: Retirement Planning with AI In this episode, Dave Zaegel discusses the implications of artificial intelligence (AI) on financial planning and tax preparation. He emphasizes that while AI will enhance efficiency and provide valuable tools for financial planners, it will not replace the human element essential in understanding personal experiences and emotions. Zaegel believes that AI will significantly impact the industry, making processes quicker and more efficient, but the need for human interaction will remain vital. /episode/index/show/77d0ec65-e9eb-4aa0-999c-1b050653e9ac/id/36447740

Ep 145: Large Funds Play a Different Game 04/29/2025

Ep 145: Large Funds Play a Different Game In this episode, Dave Zaegel discusses the differences between investment strategies of large funds and individual investors, particularly in the context of retirement planning. He emphasizes the importance of understanding one's own financial goals and risk profile rather than blindly following the actions of big investors. The conversation highlights the need for long-term planning and the significance of setting up a proper investment structure to ensure financial security in retirement. /episode/index/show/77d0ec65-e9eb-4aa0-999c-1b050653e9ac/id/36347045

Ep 144: Why do a Roth IRA Conversion Now? 04/22/2025

Ep 144: Why do a Roth IRA Conversion Now? In this episode of the Retire with Peace podcast, host Dave Zaegel discusses the intricacies of Roth IRA conversions, emphasizing the importance of timing and strategic planning. He explains why most conversions are typically done towards the end of the year, but also highlights scenarios where early conversions may be beneficial, particularly during market downturns. The conversation covers the necessity of taking required minimum distributions (RMDs) before conversions and the potential advantages of partial conversions to maximize tax efficiency and investment growth. /episode/index/show/77d0ec65-e9eb-4aa0-999c-1b050653e9ac/id/36249400

Ep 143: Gold Rush 04/15/2025

Ep 143: Gold Rush In this episode of the Retire with Peace podcast, host Dave Zaegel discusses the current trends in gold and Bitcoin investments, emphasizing the importance of risk management and balanced investment strategies. He shares his personal struggles with investing in non-producing assets like gold and digital currencies, advocating for a cautious approach to investing in these alternatives. The conversation highlights the need for diversification and the potential for growth while maintaining a focus on risk management in retirement planning. Takeaways: Investing in gold and Bitcoin is trending due to market fluctuations. Gold and digital assets do not produce cash flow like companies. Investing in alternative assets should be done in moderation. Risk management is crucial when investing in speculative assets. Attention to certain investments can be misleading. Diversification is key in retirement planning. Investing in gold or Bitcoin can add growth potential. Avoid putting a large percentage of retirement funds in one asset. Market hype can overshadow other good investment opportunities. A balanced approach to investing can lead to better outcomes. /episode/index/show/77d0ec65-e9eb-4aa0-999c-1b050653e9ac/id/36131055

Ep 142: Tug of War 04/14/2025

Ep 142: Tug of War In this episode of the Retire with Peace podcast, host Dave Zaegel discusses the current market uncertainties and the mental tug of war faced by investors, particularly those nearing or in retirement. He emphasizes the importance of balancing the need for safety with the necessity for long-term growth in investment strategies. Zaegel provides insights on how to manage these concerns by setting up a safety net of income for at least five years, allowing investors to weather market fluctuations while still focusing on growth opportunities. Takeaways: Investors are experiencing heightened anxiety due to market uncertainties. The current market downturn is influenced by multiple factors. Retirees often feel the need to prioritize safety over growth. Structured notes can provide safety while allowing for investment. It's crucial to have at least five years of income set aside. Long-term growth is essential for retirement sustainability. Market downturns can create opportunities for strategic investment. Historical data shows recovery typically takes around five years. Planning for safety in advance can mitigate anxiety during downturns. Investors should focus on both safety and growth in their strategies. /episode/index/show/77d0ec65-e9eb-4aa0-999c-1b050653e9ac/id/36131000

Ep 141: IRA Beneficiary Selection 04/01/2025

Ep 141: IRA Beneficiary Selection In this episode, Dave Zaegel discusses the critical aspects of beneficiary selection for inherited IRAs, emphasizing the importance of keeping beneficiary designations updated, the implications of naming trusts versus individuals, and the benefits of charitable contributions from IRAs. He provides practical advice on estate planning to ensure that assets are distributed according to the individual's wishes, avoiding complications and unnecessary tax burdens. /episode/index/show/77d0ec65-e9eb-4aa0-999c-1b050653e9ac/id/35953595

Ep 140: Inherited Roth IRA Benefits 03/25/2025

Ep 140: Inherited Roth IRA Benefits In this episode of the Retire with Peace podcast, host Dave Zaegel discusses the complexities of inherited IRAs, focusing on the importance of careful planning, especially regarding Roth IRAs. He emphasizes the need for beneficiaries to take their time and understand the rules surrounding distributions to minimize tax burdens. The episode highlights the advantages of inheriting Roth IRAs, including tax-free withdrawals and no required distributions, making them a beneficial option for both the original account holder and their heirs. /episode/index/show/77d0ec65-e9eb-4aa0-999c-1b050653e9ac/id/35832970

Ep 139: Inherited IRAs - Required Distributions or Not? 03/18/2025

Ep 139: Inherited IRAs - Required Distributions or Not? In this episode, Dave Zaegel discusses the complexities of inherited IRAs, particularly focusing on the changes brought by the Secure Act. He explains the implications of required distributions, how to calculate them, and the importance of understanding the required beginning date. The conversation also touches on the nuances of successor beneficiaries and the 10-year payout rule, emphasizing the need for strategic tax planning when dealing with inherited IRAs. Takeaways The Secure Act 1.0 eliminated the stretch IRA, capping distributions at 10 years.IRS rules require annual required distributions if the original owner reached their required beginning date. Online calculators can assist in determining required distributions for inherited IRAs. If the original IRA owner died before their required beginning date, there are no annual required distributions. Successor beneficiaries are subject to the 10-year payout rule, even if they are a spouse. Planning for tax implications over the 10-year period is crucial to avoid large tax hits. Understanding the required beginning date is key to managing inherited IRA distributions. You may want to take more than the minimum required distributions based on your tax situation. It's important to consider long-term tax planning when withdrawing from inherited IRAs. Nuances in IRA rules can significantly impact financial planning strategies. /episode/index/show/77d0ec65-e9eb-4aa0-999c-1b050653e9ac/id/35740870

Ep 138: Inherited IRAs - 3 Types of Beneficiaries 03/11/2025

Ep 138: Inherited IRAs - 3 Types of Beneficiaries In this episode, Dave Zaegel discusses the complexities of inherited IRAs, focusing on the new rules established by the Secure Act and the importance of understanding different types of beneficiaries. He emphasizes the need to name beneficiaries to avoid unfavorable tax situations and outlines the distinctions between non-designated, non-eligible designated, and eligible designated beneficiaries. The conversation also touches on planning strategies for maximizing tax efficiency when inheriting IRAs. Takeaways Inherited IRAs have new rules effective in 2025. Naming a beneficiary is crucial to avoid tax penalties. Non-designated beneficiaries face the most unfavorable tax rules. Eligible designated beneficiaries have more favorable options. Adult children and grandchildren are typically non-eligible designated beneficiaries. Charities can be named as beneficiaries without tax implications. Understanding the 10-year rule is essential for planning. Surviving spouses can roll over inherited IRAs without penalties. Planning can help minimize tax burdens for heirs. It's important to stay informed about IRS regulations. /episode/index/show/77d0ec65-e9eb-4aa0-999c-1b050653e9ac/id/35622215

Ep 137: US News Article Review - Still Plan for 95? 03/04/2025

Ep 137: US News Article Review - Still Plan for 95? In this episode of the Retire with Peace podcast, host Dave Zaegel discusses the importance of planning for retirement, particularly the debate around whether retirees should plan to live until age 95. He emphasizes the need for a conservative approach to retirement planning, considering potential medical advances and the risk of outliving one's savings. Additionally, he encourages retirees to spend more in their early years to enjoy life while they are still active, balancing the need for financial security with the desire for enjoyment in retirement. Takeaways Most financial advisors plan for people to live until age 95. Planning for a longer life expectancy provides a safety net. Statistically, many people do not live until 95. Medical advances could extend life expectancy beyond current projections. Spending patterns typically decrease in the 80s but may rise again due to healthcare needs. Retirees should feel empowered to spend more in their early retirement years. Having five years of income set aside is a recommended strategy. Enjoying retirement early can lead to a more fulfilling experience. Planning for longevity helps prevent running out of money. Balancing spending and saving is crucial for a successful retirement. /episode/index/show/77d0ec65-e9eb-4aa0-999c-1b050653e9ac/id/35525660

Ep 136: Nerdwallet Article Review - 5 Steps to Retirement Planning 02/25/2025

Ep 136: Nerdwallet Article Review - 5 Steps to Retirement Planning Summary In this episode of the Retire with Peace podcast, host Dave Zaegel discusses an article from NerdWallet titled 'Five Steps to Retirement Planning in 2025.' He emphasizes the importance of starting retirement planning early, understanding income needs, prioritizing financial goals, choosing the right retirement plan, and selecting appropriate investments. Zaegel provides insights and personal thoughts on each step, encouraging listeners to take a proactive approach to their retirement planning. Takeaways Start retirement planning as early as possible, ideally five years before retirement. It's important to understand your income needs in retirement, aiming to match current monthly income. Prioritize financial goals beyond just retirement, such as debt repayment and emergency funds. Take advantage of employer retirement plans and matches as a priority. Invest aggressively when younger, but ensure stability as retirement approaches. Plan for at least five years of income in less volatile investments as retirement nears. Don't get too hung up on absolute certainty in retirement projections. Understand that life changes will affect retirement plans over time. Keep retirement planning simple by focusing on current income needs. Education and awareness are key components of effective retirement planning. /episode/index/show/77d0ec65-e9eb-4aa0-999c-1b050653e9ac/id/35409185

Ep 135: Forbes Article Review - 6 Essential Items 02/18/2025

Ep 135: Forbes Article Review - 6 Essential Items In this episode of the Retire with Peace Podcast, host Dave Zaegel reviews a Forbes article by Joel Johnson that outlines six essential items for a retirement planning checklist. He emphasizes the importance of having a financial game plan, planning for healthcare and long-term costs, understanding social security benefits, creating a tax-efficient income strategy, and diversifying income sources. Each point is discussed in detail, providing listeners with valuable insights into effective retirement planning. Takeaways Having a financial game plan is crucial for retirement. Planning for healthcare costs is essential as you age. Social security benefits should be claimed based on individual circumstances. A tax-efficient income strategy can significantly impact retirement finances. Diversifying income sources helps mitigate financial risks in retirement. /episode/index/show/77d0ec65-e9eb-4aa0-999c-1b050653e9ac/id/35304345

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