Your Money Your Retirement Podcast

Starting in 2024 more than 11,000 Americans will be turning 65 every day – and that’s expected to last through 2027 when the last of the youngest Baby Boomers reach that magic age!  Some are calling it the Silver Tsunami while others call it the ‘Peak 65.’  So, if you’re one of those lucky individuals turning 65 what do you need to know about planning for your next stage?

We’ll explore 4 steps that are often misunderstood, but can help you create a more secure and confident retirement. Joining us in this discussion is Blue Heron Capital Financial Advisor Zach Roberts!

It seems like every dollar you receive these days is taxable income. And with our country’s sky rocketing debt, chances are tax rates will be going up sometime in your future! That creates some real concerns! The good news is that the IRS doesn’t tax everything! We'll disclose things the IRS doesn’t currently tax.

After decades of paying those Social Security taxes, you may now be shocked to learn that up to 85 percent of your Social Security benefits could be subject to income taxes throughout your retirement years!  So, is there anything you can do to help reduce or eliminate taxes on those benefits?

When creating your retirement plan, are you approaching it like a space engineer designs a rocket? Or are you swinging wildly from strategy to strategy unsure what to do next? What you do, and how you do it, really matters! 

Your Money Your Retirement!  It’s not just the name of our radio show! It’s the driving force in our practice!  Today, we’ll review one of the most important chapters in Linda’s book, Your Money Your Retirement, as we focus on the number one question the BHC team is asked so often – Will your money last as long as you do?

When you think about retiring are you excited about your next chapter…or are you thinking that’s just what comes next in the cycle of life. Or, maybe you’re just happy to leave your job behind without any thought of what comes next.  Whatever you’ve been thinking, maybe it’s time to re-fire! And make the rest of your life the best it can possibly be!

It’s 7:00 on a Friday evening and you just met with the doctor who told you she’s releasing your mom from the hospital first thing Saturday morning. Mom still needs a lot of care and she can’t go back to her home. Where do you start? What do you do next? Who are you going to call this late on a Friday evening? This can happen to anyone! 

Does your advisor ever ask to look at your tax return? Does your advisor ask you about your potential for longevity, your health and your retirement goals? And, does your advisor explain things like sequence of returns and how that could impact your retirement future?  If not… why not?

Will your money last...how will inflation, future taxes and healthcare expenses impact your retirement? Will your loved ones be financially ok when you’re gone? Do you know where your retirement income is actually coming from? If questions like these are keeping you awake at night, you’re not alone! The good news is that there are some great strategies to help you relax!

You might think you work well under pressure, but just-in-time estate planning is the last thing you’ll want to do! It’s critically important and, you want to get it right! We'll disclose 6 key mistakes to avoid.

How do you balance growth with protection in your retirement portfolio? Too much in growth can be risky…Yet, too much in protection may not last long enough! Can you design a retirement plan that allows you to do both? with Joel Cavaliere CFP TM Index or fixed annuities are not designed for short term investments and may be subject to caps, restrictions, fees and surrender charges as described in the annuity contract. Guarantees are backed by the financial strength and claims paying ability of the issuer. Please refer to our firm brochure, the ADV 2A Item 4, for additional information.

You’ve spent your entire career working hard and building up your nest egg to eventually use for retirement. When it comes time to crack the nest egg, are you ready for it? Distribution is a much different mindset and process than accumulation, and mistakes at this point can be costly. So, we’ll talk about why a well-thought-out retirement plan can help you reduce the risk and set you up for your successful retirement journey. Joining in this discussion is financial advisor Zach Roberts.

There is a wealth of informal advice readily available whenever you face major retirement planning decisions. Questions such as when to begin Social Security or which retirement accounts to withdraw from first lead to lots of myths and misinformation.  Joel Cavaliere CFP TM will participate in addressing these topics.

Thinking of retiring? There are important things to consider before taking that big step!  We’ll share what you need to know before you decide to ride off into your next chapter.

Becky is an author and the CEO of Stonewood Financial in Louisville Kentucky.  With Becky’s unique background in government prior to joining Stonewood Financial, she brings incredible insight into what all of that ‘government speak’ potentially means for your financial future in retirement.

There’s no better time than now to stop “dripping nickels!” 

When creating your retirement plan, are you approaching it like a space engineer designs a rocket? Or are you swinging wildly from strategy to strategy unsure what to do next? What you do, and how you do it, really matters!

The fear of outliving your savings has caused nearly half of retirees to believe that they will outlive their savings. How can you help ensure that your savings will stretch through potentially decades of retirement life? Gone are the days when a one-size-fits-all retirement plan sufficed. Now, more than ever, there's a pressing need for a retirement strategy that's not only robust but also flexible enough to help support a longer life.

Rollercoasters might have been thrilling when you were younger, but do you really want all of your life savings on a similar ride today? And, when you’re close to or you may already be on your retirement journey, that can be an even bigger concern! Listen as we discuss this important issue!