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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.
Join Dave Zaegel, CPA, CFP as he covers various financial and lifestyle topics to help you Retire With Peace.
169 Episodes
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In this episode of the Retire with Peace podcast, host David Zaegel discusses the rising threat of online scams, particularly in the context of advancements in artificial intelligence. He emphasizes the importance of being aware and verifying information to combat these scams. Zaegel also shares practical tips for enhancing online security, including the use of strong passwords and two-factor authentication, to protect against identity theft and fraud.
In this episode of the Retire with Peace podcast, host David Zaegel discusses the importance of charitable donations and the strategic use of donor advised funds. He explains how these funds can serve as a powerful planning tool for tax purposes, allowing individuals to batch their donations for maximum tax benefits. The conversation covers the mechanics of donor advised funds, including the ability to donate appreciated stock, the timing of donations, and the potential for investment growth within the fund. Zaegel emphasizes the importance of tax planning and how donor advised funds can benefit both the donor and the charities they support.
In this episode of the Retire with Peace podcast, host David Zaegel discusses the various tax credits available for charitable donations in Missouri. He explains how these credits work, emphasizing that they are dollar-for-dollar credits rather than deductions. The conversation covers different categories of donations, including food pantries, diaper banks, pregnancy resource centers, domestic violence shelters, and educational support through MO Scholars. Zaegel encourages listeners to consider these options for their charitable giving, especially as the year comes to a close and tax planning begins.
In this episode, David Zaegel wraps up the series on Social Security by discussing advanced topics, including the importance of Roth IRA conversions and their tax implications. He emphasizes the need for strategic planning to protect surviving spouses and maximize benefits from Social Security and IRAs. The conversation highlights the interplay between tax strategies and retirement planning, urging listeners to consider the long-term effects of their financial decisions.
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.
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.
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.
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
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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