Retire Smart Austin - Empower Wealth & Tax

The markets have climbed dramatically over the past several years, and many investors are now asking whether the Dow Jones Industrial Average could reach — or even exceed — the historic 50,000 mark. In this episode of Retire Smart Austin Radio, Phil Capriotti Sr. and host Spike Spengel explore the economic forces driving today's market momentum and what those developments may mean for retirement investors. Phil shares perspective from decades in the industry, reflecting on the early days of the Dow when it hovered near 1,000 and comparing those years to today's environment of technological innovation, global investment, and changing tax policy. The conversation covers several factors that may influence market growth, including corporate earnings, tax policy shifts, infrastructure investment, and evolving industries such as artificial intelligence, semiconductor manufacturing, and energy production. At the same time, Phil emphasizes that even in strong markets, retirement investors must remain disciplined about risk management and portfolio positioning. The discussion highlights the role of active portfolio management, tax-loss harvesting strategies, and regular portfolio reviews in helping investors stay aligned with their financial goals. Listeners will gain insight into how economic policy, market psychology, and long-term investment strategy intersect — and why having a well-structured retirement plan may help investors stay confident even when markets experience inevitable cycles. *This podcast is provided for informational and educational purposes only and should not be considered financial, tax, or legal advice. Investing involves risk, including possible loss of principal. Any strategies discussed may not be suitable for all individuals. Listeners should consult with a qualified financial professional regarding their specific situation before making any financial decisions.

What should investors expect in the coming year — and how can retirees prepare without relying on market predictions? In this episode, Phil Capriotti Sr. shares his perspective on the financial outlook for 2026, emphasizing strategic preparation over speculation. Phil and Spike discuss key factors that may influence markets and retirement planning, including inflation trends, portfolio risk management, tax considerations, and long-term income sustainability. Rather than focusing on forecasting exact outcomes, Phil explains how disciplined planning — including diversification, tax-efficient strategies, and holistic retirement design — can help investors stay on track regardless of short-term market movements. This conversation highlights the value of having a written financial plan designed to evolve alongside changing conditions, helping retirees maintain confidence even when uncertainty is high. This podcast is provided for informational and educational purposes only and should not be considered financial, tax, or legal advice. Investing involves risk, including possible loss of principal. Any strategies discussed may not be suitable for all individuals. Listeners should consult with a qualified financial professional regarding their specific situation before making any financial decisions.

A new year presents an opportunity to reassess your financial strategy — and in this episode, Phil Capriotti Sr. breaks down what investors should review as they prepare for the next phase of retirement planning. From managing risk exposure to evaluating income strategies and tax positioning, Phil shares practical insights into building a plan designed to remain flexible as markets and personal circumstances evolve. The discussion covers the importance of ongoing planning, including how portfolio allocation, annuity considerations, and income distribution strategies can work together to support long-term financial goals. Phil also explains why retirement planning isn't a one-time event but an ongoing process that requires periodic evaluation and adjustments. Whether you are approaching retirement or already living on your investments, this episode focuses on creating clarity, structure, and confidence through a coordinated financial plan built around your unique objectives. This podcast is provided for informational and educational purposes only and should not be considered financial, tax, or legal advice. Investing involves risk, including possible loss of principal. Any strategies discussed may not be suitable for all individuals. Listeners should consult with a qualified financial professional regarding their specific situation before making any financial decisions.

As one year closes and another begins, many retirees and pre-retirees find themselves wondering how economic cycles, tax changes, and political environments may impact their long-term financial plans. In this episode of Retire Smart Austin Radio, Phil Capriotti Sr. and host Spike Spengel take a forward-looking approach to retirement planning — focusing on how shifting market conditions and election cycles can influence investment strategy, tax efficiency, and overall retirement income planning. Phil discusses why proactive planning matters more than prediction, and how tools like Roth conversions, estate planning coordination, and portfolio risk management can help position retirees for changing environments. The conversation explores how disciplined strategy — rather than emotional reactions — can help investors navigate volatility and uncertainty. Listeners will learn how a comprehensive retirement strategy integrates taxes, income planning, and long-term legacy considerations into one coordinated plan designed to adapt as life and markets evolve.

Join Phil Capriotti Sr. and host Spike Spengel in this episode of the Retire Smart Austin Radio Hour, where they dive deep into tax-smart retirement strategies for today's dynamic markets. Learn why Roth conversions can be a game-changer for your financial future, how to leverage tax-loss harvesting, and the benefits of working with experienced advisors amid economic uncertainty. Phil shares personal stories, actionable case studies, and introduces valuable tools like the Empower Tax Bill calculator to help listeners take control of their retirement planning. Whether you're years from retirement or already planning your legacy, this episode offers practical advice, complimentary portfolio reviews, and explains why Empower Wealth is expanding across Central Texas to serve you better. Don't miss this opportunity to transform your retirement outlook!

Join Phil Capriotti Sr., senior financial retirement strategist and founder of Empower Wealth, along with Certified Financial Planner Henry Landy, for an insightful episode of the Retire Smart Austin Radio Hour. This week, the team tackles the complexities of financial planning, with a focus on customized solutions for every stage of life and wealth bracket. Discover the difference between working with boutique firms versus big box institutions, the critical role of tax strategies and certified tax specialists, and why personalized planning is key for your investment and estate goals. Phil and Henry share real client stories illustrating tax-loss harvesting, managing concentrated stock positions, Roth conversions, and handling generational wealth transfer. Whether you have $2 million or $80 million, you'll gain practical tips, learn about powerful tools like EmpowerTaxBill.com, and hear why proactive, multi-generational planning can help secure your financial legacy. Don't miss this compelling discussion on achieving long-term peace of mind and tax-efficient retirement.

Phil Capriotti Sr. takes listeners through the newest round of tax legislation — dubbed the "Big Beautiful Bill" — and explains how its provisions could reshape retirement and household finances. He outlines key updates such as the permanent extension of individual tax-rate reductions, temporary elimination of taxes on tips and overtime, and expanded child credits. Phil details how tariff revenues and corporate tax changes tie into this larger economic plan to incentivize domestic production and reduce national debt. The conversation also clarifies the difference between deductions and credits, the adjusted standard deduction for retirees, and phase-outs based on income levels. Phil emphasizes the importance of verifying information with qualified advisors rather than political soundbites and underscores how these changes can impact Roth conversions, Social Security taxation, and retirement income planning. Listeners come away with a deeper understanding of why staying informed on tax law changes is a key pillar of smart retirement strategy. Disclosure: This material is for informational purposes only and is not investment, tax, or legal advice. Advisory services may be offered through Empower Wealth & Tax or its related entities. Insurance and annuity products, including index universal life (IUL), are subject to fees, charges, and terms, and any guarantees are backed by the financial strength and claims-paying ability of the issuing insurer. Strategies such as Roth conversions and IUL-based cash value access have tax implications and may not be appropriate for all investors; consult your qualified tax professional and review product prospectuses/disclosures before implementing. Empower Wealth & Tax is not affiliated with the Social Security Administration or any government agency. Past performance is not indicative of future results. All investing involves risk, including possible loss of principal.

In this episode, Phil Capriotti Sr. and Spike Spengel dive into one of the most overlooked parts of retirement planning — the mistakes investors make with their IRAs and other tax-deferred accounts. Phil explains why where and how you open your IRA matters, how to properly execute rollovers, and why "insurance-only" advisors may unintentionally lock clients into the wrong products. He outlines the critical difference between a direct (trustee-to-trustee) rollover and a 60-day rollover — and how missing one small deadline can trigger an irreversible taxable event. Listeners also learn how to manage tax brackets strategically, avoid inefficiencies in taxable portfolios, and understand how capital-gain and dividend placements affect annual taxes. Phil emphasizes diversification, especially for those holding company stock or stock options in retirement plans, reminding listeners that concentration risk can jeopardize decades of hard work. This episode wraps up with a discussion on keeping beneficiary designations current and how outdated paperwork — even with a trust in place — can send inherited wealth to the wrong person. Disclosure: This material is for informational purposes only and is not investment, tax, or legal advice. Advisory services may be offered through Empower Wealth & Tax or its related entities. Insurance and annuity products, including index universal life (IUL), are subject to fees, charges, and terms, and any guarantees are backed by the financial strength and claims-paying ability of the issuing insurer. Strategies such as Roth conversions and IUL-based cash value access have tax implications and may not be appropriate for all investors; consult your qualified tax professional and review product prospectuses/disclosures before implementing. Empower Wealth & Tax is not affiliated with the Social Security Administration or any government agency. Past performance is not indicative of future results. All investing involves risk, including possible loss of principal.

Phil Capriotti Sr. steps into "Economics 101" mode to break down a complex topic — tariffs — and why they're making headlines again. With Spike Spengel guiding the conversation, Phil traces the history of tariffs in the U.S. economy, explaining that before the IRS was created in 1913, tariffs were the nation's primary source of revenue. He revives the Lerner Symmetry Theorem from his college days to show how reciprocal tariffs can level the playing field in international trade. Phil also connects the dots between tariffs, corporate tax rates, and the larger goal of bringing manufacturing jobs back to America. He explains how proposed tax-bill changes — including lowering corporate rates and cutting wasteful subsidies — could encourage U.S. companies to reinvest domestically. The episode balances macroeconomics with personal finance takeaways, reminding listeners that economic trends and legislative shifts ultimately influence retirement portfolios, inflation, and tax strategy. Disclosure: This material is for informational purposes only and is not investment, tax, or legal advice. Advisory services may be offered through Empower Wealth & Tax or its related entities. Insurance and annuity products, including index universal life (IUL), are subject to fees, charges, and terms, and any guarantees are backed by the financial strength and claims-paying ability of the issuing insurer. Strategies such as Roth conversions and IUL-based cash value access have tax implications and may not be appropriate for all investors; consult your qualified tax professional and review product prospectuses/disclosures before implementing. Empower Wealth & Tax is not affiliated with the Social Security Administration or any government agency. Past performance is not indicative of future results. All investing involves risk, including possible loss of principal.