Ready For Retirement

Managing your cash reserves in retirement can get complicated quickly between living expenses, multiple income streams, taxes owed, etc. James explains how you should manage your cash reserves based on your financial plan and answers a listener’s question.Questions Answered:How do you incorporate cash needs and short-term assets into your bigger-picture portfolio?How does that change from working years into retirement years?Timestamps:0:00 Intro0:44 Listener question2:42 Review of the week4:09 Three “buckets”5:30 Other tax accounts6:57 Emergency fund7:51 Example10:39 Free access to your accounts12:45 Savings accounts14:37 Reframing your view16:14 Cash vs portfolio18:05 OutroCreate Your Custom Strategy ⬇️ Get Started Here.

When you retire, there are surprising things you’ll wish you knew beforehand. Unlike social security, IRAs, or Medicare, most people don’t often plan for the emotional and personal matters of retirement.James discusses the five things people often regret not understanding before retirement. Questions Answered:What do people regret not knowing before retirement?How can you avoid those mistakes?Timestamps:0:00 Intro3:20 Regret one5:54 Regret two7:42 Regret three9:14 Regret four11:34 Regret five13:45 Summary14:30 OutroCreate Your Custom Strategy ⬇️ Get Started Here.

James discusses a listener’s question about what to do with stock positions and single stock positions, explaining the pros and cons of holding a concentrated stock position. He highlights the importance of understanding tax implications and assessing your ability to handle financial and emotional implications.Questions Answered:What should you do when you have a large concentrated stock position from an investment perspective?How do you exit and diversify your position?Timestamps:0:00 intro3:59 Single concentrated stock positions4:47 The role of taxes7:07 What’s the biggest risk?7:52 Two examples12:10 Takeaway12:30 Other considerations15:35 JP Morgan study20:13 Here’s what I’ve noticed…21:46 Understanding risk24:16 What would I look at?25:52 OutroCreate Your Custom Strategy ⬇️ Get Started Here.

James debunks six popular rules of thumb that can actually do more harm than good when it comes to retirement planning. From the 100-minus-your-age stock allocation rule to the 70% to 80% income replacement myth, James breaks down why rules like these can be counterproductive and suggests alternative strategies that will help you create a personalized financial plan that meets your unique needs and goals. Questions Answered:Which rules of thumb should not be universally applied?What can you do instead?Timestamps:0:00 Introduction2:36 The First Rule5:57 The Second Rule9:04 The Third Rule11:48 The Fourth Rule14:04 The Fifth Rule 18:08 The Sixth Rule20:09 How to Measure Risk22:02 OutroCreate Your Custom Strategy ⬇️ Get Started Here.

In this episode, James tackles a listener’s question about investing a lump sum for his upcoming retirement. James analyzes one's situation and gives realistic insights on determining the right mix of stable and growth assets that will generate a rising income stream for the rest of your life. Tune in for tips on how to secure a comfortable retirement using a real-life example.Questions Answered:Should I invest lump sump sum or dollar cost average approach?How do I invest a lump sum once I receive the funds?What other planning points should I be aware of?Time stamps0:00 Intro0:45 Listener Question2:55 Summarizing4:10 Will You Be Okay?7:10 Make Sure That Number is Accurate8:20 4% Rule9:53 Guyton-Klinger Rule10:53 Two Things to Note13:30 You Need Income to Live on15:15 Part 2 of the Question: How to Invest the Lump Sum18:10 Dollar Cost Averaging21:06 Using An Example23:40 The Principle Is This27:00 Properly Addressing Risk28:50 Most People Do This…30:25 Back to the Listener Question31:00 Summary32:20 OutroCreate Your Custom Strategy ⬇️ Get Started Here.

Oftentimes we make decisions about our portfolios based on what we think is the smartest move. Yet when we do that, we can lose sight of the bigger picture. In this episode, we’ll discuss how the context in which you view your portfolio can steer your financial decisions for years to come.Questions answered:What’s the difference between financial strategy and financial tactics?What are the key pitfalls to avoid?Time stamps0:00 Intro1:15 Losing focus on the bigger strategy2:40 Example of focusing too much on tactics6:40 Your tactics would be…7:45 Why Roth conversions aren’t always the right choice8:50 Example of winning the battle but losing the war11:00 Make sure you’re prioritizing strategy11:20 Summary11:54 OutroCreate Your Custom Strategy ⬇️ Get Started Here.

You might be missing something if you're focusing only on your initial withdrawal rate......on today's episode, we'll cover what you might be missing, and how you can maximize your portfolio withdrawal strategy.Questions answered:What is the 4% rule and how does it apply to me?How should staggered income and expenses alter your withdrawal strategy?Time stamps0:00 Intro2:15 What is the 4% rule?4:00 Example of staggered income or expenses9:13 You might be limiting your withdrawals12:20 Staggered income and expenses13:15 Example of staggered income and expenses18:20 Looking at your portfolio differently19:09 Summary21:30 Conclusion22:38 OutroCreate Your Custom Strategy ⬇️ Get Started Here.

In this episode of Ready for Retirement, James discusses how 4 reasons to NOT do a Roth Conversion.Questions Answered: How to think through whether a Roth Conversion makes sense for youUnderstanding how to implement effective Roth Conversions How can your overall retirement strategy be improved?Timestamps:00:00 - Introduction 2:13 - Example4:25 - Plan for Conversions7:22 - Age / Life Expectancy10:19 - Not ONLY A Dollar Amount12:49 - RMDs14:58 - RMD Example17:02 - RMD Issue19:00 - Working With UsCheck out all of our podcast episodes and more on our YouTube channel here!LET'S CONNECT!FacebookLinkedInWebsiteENJOY THE SHOW?Don't miss an episode, subscribe via Apple Podcasts, Stitcher, Spotify, or Google PlayCreate Your Custom Strategy ⬇️ Get Started Here.

In this episode of Ready for Retirement, James discusses how to protect your most important financial assets.Questions Answered: How should you think about protecting your most important financial assets?Understanding how to protect what's most important (your TIME)How can your overall retirement strategy be improved?Timestamps:00:00 - Introduction 2:13 - Downsides To Continuing Work4:25 - Savings/Bonuses6:55 - Financial/Personal8:50 - Wages12:03 - Financially Ready14:58 - How Much?!16:33 - TIME17:02 - Working With UsCheck out all of our podcast episodes and more on our YouTube channel here!LET'S CONNECT!FacebookLinkedInWebsiteENJOY THE SHOW?Don't miss an episode, subscribe via Apple Podcasts, Stitcher, Spotify, or Google PlayCreate Your Custom Strategy ⬇️ Get Started Here.

In this episode of Ready for Retirement, James discusses how to protect your most important financial assets.Questions Answered: How should you think about protecting your most important financial assets?Understanding how to protect what's most importantHow can your overall retirement strategy be improved?Timestamps:00:00 - Introduction 1:30 - Income3:25 - Compounding5:04 - Take-Home Pay8:50 - Wage Increases10:03 - 1% Better13:58 - How Much?!16:33 - Summary of What's In Your Control19:35 - Working With UsCheck out all of our podcast episodes and more on our YouTube channel here!LET'S CONNECT!FacebookLinkedInWebsiteENJOY THE SHOW?Don't miss an episode, subscribe via Apple Podcasts, Stitcher, Spotify, or Google PlayCreate Your Custom Strategy ⬇️ Get Started Here.

In this episode of Ready for Retirement, James discusses umbrella insurance coverage and how much you need.Questions Answered: How should I think about an Umbrella Insurance Policy (how much)?Understanding how much defense (risk management) is neededHow can your overall retirement strategy be improved?Timestamps:00:00 - Introduction 2:30 - Umbrella Insurance 1013:25 - Home/Auto Policies5:04 - Insurance Policies Examples8:50 - Net Worth Value10:03 - State Exemptions13:58 - How Much?!16:33 - Two Examples19:05 - Working With UsCheck out all of our podcast episodes and more on our YouTube channel here!LET'S CONNECT!FacebookLinkedInWebsiteENJOY THE SHOW?Don't miss an episode, subscribe via Apple Podcasts, Stitcher, Spotify, or Google PlayCreate Your Custom Strategy ⬇️ Get Started Here.

In this episode of Ready for Retirement, James discusses Deferred Compensation Plans and how to consider them within your overall retirement strategy.Questions Answered: How should I think about Deferred Compensation in context of my overall plan?When does it make sense to defer compensation (and when does it NOT)?How can your overall retirement strategy be improved?Timestamps:00:00 - Introduction 2:30 - Deferred Compensation 1013:25 - Retirement Expenses5:04 - Tax Planning8:50 - AVOID This Common Mistake17:03 - Inflation Impact19:58 - Deferred Comp Example23:50 - Aligning Your Financial Goals24:00 - Working With UsCheck out all of our podcast episodes and more on our YouTube channel here!LET'S CONNECT!FacebookLinkedInWebsiteENJOY THE SHOW?Don't miss an episode, subscribe via Apple Podcasts, Stitcher, Spotify, or Google PlayCreate Your Custom Strategy ⬇️ Get Started Here.

In this episode of Ready for Retirement, Ari Taublieb, MBA guest hosts the Ready for Retirement podcast to discuss where you should pull income from first when you retire early. Ari Taublieb, MBA is the Vice President of Root Financial Partners and a Financial Advisor. This episode is part three of a three-part series.Ari is the host of the Early Retirement podcast available here. Ari is also on YouTube here. Create your customized early retirement strategy with Ari here. Episode Summary: Should I pull from my Brokerage, IRA, Roth IRA or 401(k) account first?Should I consider the Rule of 55 or 72(t) distribution?How to improve your overall early retirement strategyTimestamps:00:00 - Introduction 1:41 - Assumptions4:51 - Life First, Money Second7:24 - Inflation & Taxes9:55 - Rule of 5512:17- 72(t) Distribution15:30 - Income Needs18:28 - Capital Gains Explained22:15- How To Minimize Income25:57 - Not Qualified28:35 - Align Your Money With Your GoalsCheck out all of our podcast episodes and more on our YouTube channel here!LET'S CONNECT!FacebookLinkedInWebsiteENJOY THE SHOW?Don't miss an episode, subscribe via Apple Podcasts, Stitcher, Spotify, or Google PlayCreate Your Custom Strategy ⬇️ Get Started Here.

In this episode of Ready for Retirement, Ari Taublieb, MBA guest hosts the Ready for Retirement podcast to discuss the 5 mistakes to make sure you avoid when retiring early. Ari Taublieb, MBA is the Vice President of Root Financial Partners and a Financial Advisor. This episode is part two of a three-part series.Ari is the host of the Early Retirement podcast available here. Ari is also on YouTube here. Create your customized early retirement strategy with Ari here. Episode Summary: How can you create tax-free income most effectively in retirementCommon tax mistakes people leave on the table which could save tens of thousands of dollars (or hundreds of thousands)How to improve your overall early retirement strategyTimestamps:00:00 - Introduction 1:20 - Life over Money3:03 - Legacy Goals5:31 - Examples Examples Examples!8:35 - Never Pay Taxes Again10:52 - Standard Deduction v. Itemized Deduction14:28 - Brokerage Account19:17 - AAPL Stock Example22:15- MASTER Tax Tip!25:01 - Working With UsCheck out all of our podcast episodes and more on our YouTube channel here!LET'S CONNECT!FacebookLinkedInWebsiteENJOY THE SHOW?Don't miss an episode, subscribe via Apple Podcasts, Stitcher, Spotify, or Google PlayCreate Your Custom Strategy ⬇️ Get Started Here.

In this episode of Ready for Retirement, Ari Taublieb, MBA guest hosts the Ready for Retirement podcast to discuss the 5 mistakes to make sure you avoid when retiring early. Ari Taublieb, MBA is the Vice President of Root Financial Partners and a Financial Advisor. This episode is part one of a three-part series. Ari is the host of the Early Retirement podcast available here. Ari is also on YouTube here. Create your customized early retirement strategy with Ari here. Episode Summary: How can you retire early with confidenceHow to avoid common mistakes people make when retiring earlyHow to improve your overall financial strategy in retirementTimestamps:00:00 - Introduction 1:30 - Pretend You're Retired Today2:25 - Financial Freedom5:31 - Retirement = Tradeoffs8:35 - Life First10:43 - Part-Time Income12:40 - Financial v. Nonfinancial aspects14:28 - Practice Retirement First18:52 - Guardrails Approach21:45- Aligning Your Financial Goals23:45 - Working With UsCheck out all of our podcast episodes and more on our YouTube channel here!LET'S CONNECT!FacebookLinkedInWebsiteENJOY THE SHOW?Don't miss an episode, subscribe via Apple Podcasts, Stitcher, Spotify, or Google PlayCreate Your Custom Strategy ⬇️ Get Started Here.

In this episode of Ready for Retirement, James discusses how much you need to retire.Questions Answered: How much do I need (financially)?How do I prepare (mentally)?How can your overall retirement strategy be improved?Timestamps:00:00 - Introduction 2:30 - How much is ENOUGH?3:25 - Retirement Expenses5:04 - Assigning Your Dollars8:50 - First Step13:40 - Avoid THIS!17:03 - Inflation Impact19:58 - Taxes (Single v. MFJ)21:55 - Health Considerations23:50 - Aligning Your Financial Goals24:00 - Working With UsCheck out all of our podcast episodes and more on our YouTube channel here!LET'S CONNECT!FacebookLinkedInWebsiteENJOY THE SHOW?Don't miss an episode, subscribe via Apple Podcasts, Stitcher, Spotify, or Google PlayCreate Your Custom Strategy ⬇️ Get Started Here.

In this episode of Ready for Retirement, James discusses what you should do with extra income after you max out your 401(k). Questions Answered: What are the best accounts to invest in after your 401(k)?Should you invest in a brokerage/Roth/IRA/etc?How can your overall retirement strategy be improved?Timestamps:00:00 - Introduction 1:00 - Key Benefit2:23 - Order of Operations4:30 -  Where To Save Next6:14 - Example (Person A v. B)9:50 - HSA (Health Savings Accounts)12:33 - Backdoor Roth Contribution15:46 - Brokerage Account Hack18:50 - Paying Down Debt21:08 - ESPP23:50 - Working With UsCheck out all of our podcast episodes and more on our YouTube channel here!LET'S CONNECT!FacebookLinkedInWebsiteENJOY THE SHOW?Don't miss an episode, subscribe via Apple Podcasts, Stitcher, Spotify, or Google PlayCreate Your Custom Strategy ⬇️ Get Started Here.

In this episode of Ready for Retirement, James discusses what you should do with your 401(k) when you retire.Questions Answered: What are the best ways to reduce fees in a 401(k)?Should you move your 401(k) elsewhere?How can your overall retirement strategy be improved?Timestamps:00:00 - Introduction 1:45 - Listener Question3:23 - 401(k) Hidden Fees7:52 - Gaining More Control9:45 - Investment Options13:40 - Clunky Planning17:03 - After-Tax Contributions21:05 - Net Unrealized Appreciation24:02 - Tax Treatment26:08 - Age Importance29:50 - Working With UsCheck out all of our podcast episodes and more on our YouTube channel here!LET'S CONNECT!FacebookLinkedInWebsiteENJOY THE SHOW?Don't miss an episode, subscribe via Apple Podcasts, Stitcher, Spotify, or Google PlayCreate Your Custom Strategy ⬇️ Get Started Here.

In this episode of Ready for Retirement, James discusses with retirement life coach Cyn Meyer how to create the most meaningful retirement.Guest: Cyn Meyer is a Retirement Life Coach and founder of Second Wind Movement. She has free resources here on her website available to all of you. Cyn also offers a free workshop here.Questions Answered: What are the best ways to have a meaningful retirement?What are the best strategies to implement TODAY to start preparing for your dream retirement?How can your overall retirement strategy be improved?Timestamps:2:08 - Introduction 4:03 - Fear-based living7:22 - Subtle Isn't SUBTLE!12:27 - Encourage Yourself16:39 - Understanding The NEW You20:46 - Overall Happiness Levels23:29 - Intentional Work26:08 - You Are Unique20:50 - Working With UsCheck out all of our podcast episodes and more on our YouTube channel here!LET'S CONNECT!FacebookLinkedInWebsiteENJOY THE SHOW?Don't miss an episode, subscribe via Apple Podcasts, Stitcher, Spotify, or Google PlaySubmit Your Question Here!Create Your Custom Strategy ⬇️ Get Started Here.

In this episode of Ready for Retirement, James how to use Roth Conversions to protect your spouse's future.Questions Answered: What are the best ways to implement Roth Conversions?What are the best strategies to implement tax planning for your spouse?How can your overall retirement strategy be improved?Timestamps:00:00 - Introduction 1:45 - Roth Conversions3:23 - When To Implement6:52 - Income Assumptions9:27 - Taxable Income12:05 - Roth Conversion Planning14:35 - Surviving Spouse Tax Planning16:48 - Life Insurance Protection19:21 - Analysis Assumptions20:50 - Working With UsCheck out all of our podcast episodes and more on our YouTube channel here!LET'S CONNECT!FacebookLinkedInWebsiteENJOY THE SHOW?Don't miss an episode, subscribe via Apple Podcasts, Stitcher, Spotify, or Google PlaySubmit Your Question Here!Create Your Custom Strategy ⬇️ Get Started Here.