Retire Smarter with Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP®
202 episodes - English - Latest episode: 9 days ago - ★★★★★ - 22 ratingsPlanning Retirement Smarter. Living Retirement Better. With Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP® of True Wealth Design. #Retire #Stocks #Investing #401k #IRA #CFP #TrueWealthDesign. Contact at https://www.truewealthdesign.com/ or by calling 855-893-7526.
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Episodes
Ep 110: Smartly Using Retirement Accounts to Optimize Your Retirement & Tax Savings
October 27, 2022 09:02 - 31 minutes - 28.7 MBAre you looking for ways to accelerate your savings right before retirement? How do you determine whether to save Roth or Pretax? What type of retirement account should you be using? In short, how can you use the myriad tax-advantaged accounts to optimize your retirement savings and tax advantages? All these questions and more are answered as Tyler walks you through how IRA, Roth, and 401K plans work and how you can best use them to maximize your retirement savings. Hear him tell a client s...
Ep 109: Surprising Lessons on Stock Returns and Diversification
October 13, 2022 09:03 - 33 minutes - 30.8 MBHistory shows that owning companies (buying stocks) provides far superior returns vs. lending to companies (buying bonds). While most know this, most would be surprised by how many stocks lose money over time. A JP Morgan report showed this number to be 40% over a broad period from 1980-2020. And 66% of stocks failed to keep up with a broad benchmark. Hear Kevin dive into these details, portfolio implications, and touch on key characteristics of risk -- not just how much your investments m...
Surprising Lessons on Stock Returns and Diversification
October 13, 2022 09:03 - 33 minutes - 30.8 MBHistory shows that owning companies (buying stocks) provides far superior returns vs. lending to companies (buying bonds). While most know this, most would be surprised by how many stocks lose money over time. A JP Morgan report showed this number to be 40% over a broad period from 1980-2020. And 66% of stocks failed to keep up with a broad benchmark. Hear Kevin dive into these details, portfolio implications, and touch on key characteristics of risk -- not just how much your investments m...
Ep 108: It’s the End of the World as We Know It, and Why to Feel Fine
September 22, 2022 09:02 - 29 minutes - 26.7 MB"It's the End of the World as We Know It (And I Feel Fine)" is a 1987 song by American rock band R.E.M.. The title may sound pessimistic or perhaps a bit delusional. Yet, hear Kevin make the analogy as to why this song -- one of his favorites -- is a perfect theme song for capitalism, creative destruction, and rational optimism about innovation and future stock returns. Here's a little of what you'll learn on this episode: Why bad news in the headlines is nothing new. (1:39) What a consu...
It’s the End of the World as We Know It, and Why to Feel Fine
September 22, 2022 09:02 - 29 minutes - 26.7 MB"It's the End of the World as We Know It (And I Feel Fine)" is a 1987 song by American rock band R.E.M.. The title may sound pessimistic or perhaps a bit delusional. Yet, hear Kevin make the analogy as to why this song -- one of his favorites -- is a perfect theme song for capitalism, creative destruction, and rational optimism about innovation and future stock returns. Here's a little of what you'll learn on this episode: Why bad news in the headlines is nothing new. (1:39) What a consu...
Red Flags of Investment Fraud
September 08, 2022 09:02 - 32 minutes - 29.6 MBA $50+ million investment fraud is unwinding in northeast Ohio with a former high school basketball coach and self-proclaimed single-family real estate expert being accused of bilking investors in a ponzi scheme. You probably think, "This can't happen to me." The same can likely be said of those in the community that now have fallen victim to fraud at the hands of someone they trusted. Hear Kevin discuss red flags and common scams fraudsters often use. Affinity fraud, guaranteed or high ret...
Ep 107: Red Flags of Investment Fraud
September 08, 2022 09:02 - 32 minutes - 29.6 MBA $50+ million investment fraud is unwinding in northeast Ohio with a former high school basketball coach and self-proclaimed single-family real estate expert being accused of bilking investors in a ponzi scheme. You probably think, "This can't happen to me." The same can likely be said of those in the community that now have fallen victim to fraud at the hands of someone they trusted. Hear Kevin discuss red flags and common scams fraudsters often use. Affinity fraud, guaranteed or high ret...
Pension Lump Sums - You May Need To Act Now in 2022
August 25, 2022 09:02 - 34 minutes - 31.3 MBPension lump sums will be much LOWER in 2023 than 2022. Listen to Kevin give a brief intro on what is going on and then cut into a replay of episode 62, recorded in December 2020 on the same topic. Learn timing considerations on how to optimize your pension benefits by understanding the key variables -- interest rates and mortality -- that determine your lump sum. Company pension plans specifically discussed include Akron Children's Hospital, Bridgestone, FirstEnergy, Goodyear, Kaiser, Me...
Ep 106: Pension Lump Sums - You May Need To Act Now in 2022
August 25, 2022 09:02 - 34 minutes - 31.3 MBPension lump sums will be much LOWER in 2023 than 2022. Listen to Kevin give a brief intro on what is going on and then cut into a replay of episode 62, recorded in December 2020 on the same topic. Learn timing considerations on how to optimize your pension benefits by understanding the key variables -- interest rates and mortality -- that determine your lump sum. Company pension plans specifically discussed include Akron Children's Hospital, Bridgestone, FirstEnergy, Goodyear, Kaiser, Me...
Ep 105: The Story of Dr. Smith
August 11, 2022 09:00 - 32 minutes - 29.5 MBHear the story of Dr. Smith and how his retirement concerns are likely similar to many of your own. How do I select a good advisor? What to do with my employer retirement plans? How do I transition my healthcare? Hear all of this plus estate planning issues and Dr. Smith's reflections on his retirement transition in this jam-packed episode. Key topics on this episode: 1:14 - Background on our conversation today 5:14 - How Dr. Smith found us 10:34 - Why Dr. Smith's meeting was differe...
The Story of Dr. Smith
August 11, 2022 09:00 - 32 minutes - 29.5 MBHear the story of Dr. Smith and how his retirement concerns are likely similar to many of your own. How do I select a good advisor? What to do with my employer retirement plans? How do I transition my healthcare? Hear all of this plus estate planning issues and Dr. Smith's reflections on his retirement transition in this jam-packed episode. Key topics on this episode: 1:14 - Background on our conversation today 5:14 - How Dr. Smith found us 10:34 - Why Dr. Smith's meeting was differe...
Ep 104: Understanding Your Retirement Plan Results
July 28, 2022 09:00 - 27 minutes - 25.3 MBKudos! You went through a retirement planning process or completed an online calculator and have the results. Now, what the heck do they mean exactly? Hear Kevin peel back the onion on understanding your retirement plan results. What are Monte Carlo simulations? What assumptions belie them? What shortcomings does this type of analysis have? How can this powerful tool be thoughtfully used to help ensure you stay on track? Key points on this episode: 2:16 - What we discuss with clients ...
Understanding Your Retirement Plan Results
July 28, 2022 09:00 - 27 minutes - 25.3 MBKudos! You went through a retirement planning process or completed an online calculator and have the results. Now, what the heck do they mean exactly? Hear Kevin peel back the onion on understanding your retirement plan results. What are Monte Carlo simulations? What assumptions belie them? What shortcomings does this type of analysis have? How can this powerful tool be thoughtfully used to help ensure you stay on track? Key points on this episode: 2:16 - What we discuss with clients ...
Ep 103: Mailbag - Bear Market Investment Questions
July 14, 2022 09:00 - 30 minutes - 27.7 MBThe bear is roaring and eating away at stock and bond returns. What's an investor to do? Hear Kevin Kroskey, CFP®, MBA and Tyler Emrick , CFA®, CFP® discuss common investment questions clients are prospective clients are asking: Should I decrease risk? Should I increase cash? Is cash better to own than bonds? Should I consider a CD or fixed annuity? Is it okay to make a strategy change or hire an advisor when markets are down? Key points on this episode: 1:45 - Should we sell out a...
Mailbag - Bear Market Investment Questions
July 14, 2022 09:00 - 30 minutes - 27.7 MBThe bear is roaring and eating away at stock and bond returns. What's an investor to do? Hear Kevin Kroskey, CFP®, MBA and Tyler Emrick , CFA®, CFP® discuss common investment questions clients are prospective clients are asking: Should I decrease risk? Should I increase cash? Is cash better to own than bonds? Should I consider a CD or fixed annuity? Is it okay to make a strategy change or hire an advisor when markets are down? Key points on this episode: 1:45 - Should we sell out a...
Interview with Retirement Researcher Dr. David Blanchett Part 2
June 23, 2022 09:00 - 27 minutes - 24.9 MBDr. David Blanchett is Head of Retirement Research formerly at Morningstar and currently at Prudential’s asset management arm PGIM. He is also an adjunct professor at The American College of Financial Services. David has been a voracious and accomplished researcher, being published in a variety of peer-reviewed articles, and receiving many ‘best paper’ awards. Today he conducts research primarily in the areas of financial planning, tax planning, annuities, and retirement. Listen to Kevin...
Ep 102: Interview with Retirement Researcher Dr. David Blanchett Part 2
June 23, 2022 09:00 - 27 minutes - 24.9 MBDr. David Blanchett is Head of Retirement Research formerly at Morningstar and currently at Prudential’s asset management arm PGIM. He is also an adjunct professor at The American College of Financial Services. David has been a voracious and accomplished researcher, being published in a variety of peer-reviewed articles, and receiving many ‘best paper’ awards. Today he conducts research primarily in the areas of financial planning, tax planning, annuities, and retirement. Listen to Kevin...
Interview with Retirement Researcher Dr. David Blanchett Part 1
June 09, 2022 09:00 - 27 minutes - 24.9 MBDr. David Blanchett is Head of Retirement Research formerly at Morningstar and currently at Prudential’s asset management arm PGIM. He is also an adjunct professor at The American College of Financial Services. David has been a voracious and accomplished researcher, being published in a variety of peer-reviewed articles, and receiving many ‘best paper’ awards. Today he conducts research primarily in the areas of financial planning, tax planning, annuities, and retirement. Listen to Kevin...
Ep 101: Interview with Retirement Researcher Dr. David Blanchett Part 1
June 09, 2022 09:00 - 27 minutes - 24.9 MBDr. David Blanchett is Head of Retirement Research formerly at Morningstar and currently at Prudential’s asset management arm PGIM. He is also an adjunct professor at The American College of Financial Services. David has been a voracious and accomplished researcher, being published in a variety of peer-reviewed articles, and receiving many ‘best paper’ awards. Today he conducts research primarily in the areas of financial planning, tax planning, annuities, and retirement. Listen to Kevin...
Ep 100: Not So Smart Things Even Smart Investors Do
May 26, 2022 13:04 - 31 minutes - 28.6 MBMarket downturns elicit emotion. Emotional investors are more apt to make poor investment decisions. Time and again this is proven. Lather. Rinse. Repeat. Or get educated and break the cycle... Listen to Tyler Emrick, CFA, CFP stand in for Kevin and describe some common behavioral issues even smart investors often must overcome. Got a case of 'get-even-itis' (loss aversion)? Or perhaps a case of 'no-decision-itis (regret aversion)?' Look at an inheritance differently than money you worked f...
Ep 99: Whoa! Stocks and bonds both going down? What’s going on?
May 12, 2022 13:24 - 40 minutes - 37 MB2022 has been a bad year for most investors. Both stocks and most bonds are down sharply. You may be wondering why? Hear Kevin explain what has been happening in markets with key points related to understanding diversification, risk, and four key economic regimes for investors to balance against. Learn why even a "balanced investor" has 90% of risk coming from one asset class, and why bad behavior is causing severe pain for many return-chasing investors as they go down with the ARKK. ...
Ep 98: Interview with Retirement Researcher Dr. Michael Finke Part 2
April 28, 2022 09:00 - 24 minutes - 22.8 MBDr. Michael Finke is a professor and chair of Economic Security Research at The American College of Financial Services. Listen to Kevin and Michael chat about a wide range of key retirement issues, the research behind them, as well as current topics: Life expectancy differences for average vs. wealthy people, what makes a retiree happy, why Social Security is such a good deal, how inflation impacts retirees differently than workers, why the current market environment contains much bad news...
Ep 97: Interview with Retirement Researcher Dr. Michael Finke - Part 1
April 14, 2022 09:00 - 44 minutes - 40.6 MBDr. Michael Finke is a professor and chair of Economic Security Research at The American College of Financial Services. Listen to Kevin and Michael chat about a wide range of key retirement issues, the research behind them, as well as current topics: Life expectancy differences for average vs. wealthy people, what makes a retiree happy, why Social Security is such a good deal, how inflation impacts retirees differently than workers, why the current market environment contains much bad news...
Ep 96: Rules Gone Awry, Part 5 - Retirement Healthcare Is Exorbitant
April 07, 2022 09:00 - 24 minutes - 22.1 MBIn this episode, Kevin turns the tables on a handful of common misconceptions about health care costs in retirement. Find out the truth about what health coverage and long-term care actually might cost and how you can factor them into your overall retirement plan. This is the final part of this series we're revisiting on Retirement Rules Gone Awry. What we discuss in this episode: 1:40 - The rule we're discussing today 3:33 - So Kevin isn't worried? 5:37 - What we envision for th...
Ep 95: Rules Gone Awry, Part 4 - The 4 Percent Rule
March 31, 2022 09:01 - 21 minutes - 19.9 MBYou've perhaps heard the 4 percent rule, that if you take 4% out of your investment account each year, you'll never outlive your money. Kevin talks about where this idea came from, and pokes some holes in this strategy in this third installment of Rules Gone Awry. This is the fourth of a five-part series we're revisiting on Retirement Rules Gone Awry. What we discuss in this episode: 1:40 - What is the 4% rule? 4:00 - Why this rule became widely adopted? 5:35 - Major problems with ...
Ep 94: Rules Gone Awry, Part 3 - The Rule of 100
March 24, 2022 09:00 - 13 minutes - 12.4 MBThere's a "rule" that says you should take 100, subtract your age, and the result tells you how much of your money you should invest in stocks. It would be awesome if retirement planning was that simple, but simple isn't always effective and that's the problem with the Rule of 100. Take a listen to find out about better ways to invest and plan for your financial future. This is the third of a five-part series we're revisiting on Retirement Rules Gone Awry. What we discuss in this episo...
Ep 93: Rules Gone Awry, Part 2 - Take Social Security Early
March 17, 2022 09:00 - 24 minutes - 22.4 MBThere's an old school of thought that says you should take social security as early as you can so that you can get the most out of it. But this is another one of those retirement rules gone awry that we enjoy picking apart on the podcast. Kevin will tell us why this retirement "rule" needs to be scraped and give us the proper lens through which to view the social security problem. This is the second of a five-part series we're revisiting on Retirement Rules Gone Awry. What we discuss i...
Ep 92: Rules Gone Awry, Part 1 - The 80% Spending Rule
March 10, 2022 13:40 - 21 minutes - 19.3 MBWalter was being nosy recently and asking his mom about her retirement plans. When she told him she was planning on living off of 80% of her current income during her retirement years, it raised a red flag. How did she come to that figure? You guessed it, she didn't really have an exact answer for why she picked that number. So Walter turns to Kevin on this week's podcast to understand how that "80% Rule" worked its way into the retirement planning vernacular and why we'd all be wiser to i...
Ep 91: What Retirees Want in a Home
February 24, 2022 10:00 - 28 minutes - 26.5 MBListen as Kevin completes the podcast series discussing the book What Retirees Want (WRW) by world-famous "Age Wave" expert Ken Dychtwald, Ph.D. Should you stay or should you go... While many Boomers intend to not move but age in place, an increasing amount are making a change. Learn why many more Boomers are choosing to go and where they are going to in order to improve retirement satisfaction. Read more and get additional financial resources here: https://www.truewealthdesign.com...
Ep 90: What Retirees Want in Time, Health & Relationships
February 10, 2022 10:00 - 27 minutes - 25 MBWhat do retired Boomers say is the key to retirement happiness? Think about what you would say and then take a listen to learn this and more on the show. Listen and learn as Kevin continues the podcast series, discussing the book What Retirees Want (WRW) by world-famous "Age Wave" expert Ken Dychtwald, Ph.D. Read more and get additional financial resources here: https://www.truewealthdesign.com/podcast/ What we discuss in this episode: 0:31 - Tom Brady retiring 1:34 - Recap on ...
Ep 89: What Retirees Want: Work In Retirement?
January 27, 2022 10:00 - 23 minutes - 21.9 MBListen as Kevin discusses the book What Retirees Want (WRW) by world-famous "Age Wave" expert Ken Dychtwald, Ph.D. Learn why your expectations of how long you'll work will likely vary substantially from how long you'll actually work and why this matters. Read more and get additional financial resources here: https://www.truewealthdesign.com/podcast/ What we discuss in this episode: 1:50 - What we're focusing on today 4:31 - Survey found retirees leaving earlier than planned 6:43...
Ep 88: What Retirees Want: An Overview
January 14, 2022 21:42 - 23 minutes - 21.6 MBListen as Kevin discusses the book What Retirees Want (WRW) by world-famous "Age Wave" expert Ken Dychtwald, Ph.D. Learn how increasing wealth and longevity have transformed retirement and will continue to create more "Time Affluence." Hear why Work, Leisure, Health, Home, Family, Finances, and Purpose are key zones impacted by this new idea of retirement and how to better think about and prepare for the softer side of retirement. Read more and get additional financial resources here: ...
Ep 87: How Pre-65 Retirees Can Get a Huge Healthcare Tax Credit
December 16, 2021 10:00 - 27 minutes - 25.3 MBMany early retirees find they must utilize Affordable Care Act (ACA or Obamacare) policies to bridge the gap from employer-provided health insurance to Medicare at age 65. ACA policies are expensive but even affluent families may be able to obtain significant tax credits -- often more than $10,000 yearly -- to offset premiums. Hear Kevin discuss Premium Tax Credits and how to plan to obtain them. With a recent law change, these credits are even more sizable and accessible at higher income l...
Ep 86: Cash Flow - Measuring & Monitoring the Heartbeat of Your Financial Planning
December 02, 2021 15:57 - 35 minutes - 32.2 MBDo you know what it costs to live your lifestyle? Many successful people don't. They haven't had to worry about money, live below their means, and save diligently. Yet, when it comes to retirement planning, you need to know these costs. On one hand, you need to make sure you have enough and don't run out of money. On the other, you need these costs for proper investment and tax planning. Hear Kevin and special guest Tyler Emrick, CFP, CFA discuss the importance of cash flow and several cl...
Ep 85: What’s a “Conservative” Investor To Do These Days?
November 18, 2021 10:00 - 24 minutes - 22.4 MBIf you own a disproportionate amount of cash or bonds in your portfolio, you can be broadly classified as a conservative investor. With today's low-interest rates, being conservative is a tough investment row to hoe. Starting yields have been shown to explain 90%+ of returns realized from high-quality bonds. Ergo low-interest rates equal low returns. So what can you do? Read more: https://www.truewealthdesign.com/ep-85-whats-a-conservative-investor-to-do-these-days/ Today's rundown:...
Ep 84: Investment Allocation Update - Thinking About Your Investment Recipe
November 04, 2021 09:00 - 38 minutes - 35.2 MBHaving reasonable assumptions for investment returns is critically important for many reasons. These assumptions will impact your retirement plan, investment allocation, and your peace of mind. Hear Kevin review discuss a recent letter written to his clients about the three broad categories of investments. He'll discuss high-level metrics on how attractive or expensive various parts of the stock and bond markets are and what to broadly expect in the years to come. Tune into the end when he...
Ep 83: Biden‘s ”American Families” Tax Plan - Key Changes & Planning Opportunities
October 21, 2021 09:00 - 33 minutes - 30.7 MBIf you drive a car, I'll tax the street; If you try to sit, I'll tax your seat; If you get too cold, I'll tax the heat; If you take a walk, I'll tax your feet. "Taxman" - The Beatles Biden's tax proposals have finally been put into legislation and released on September 13th. Thankfully they're not as bad as the Beatles lyrics and tax increases were also less than what was expected. Hear Kevin discuss key proposals for individuals with the good, the bad, and those that didn't make it into ...
Ep 82: Social Security Update - Solvency, COLA, & Planning Strategies
October 07, 2021 09:00 - 32 minutes - 30 MBThe 2021 Social Security Trustee's Report was recently released and the 2022 COLA is near finalized. What can we expect for the COLA and glean from the report? Tune in to hear the important points and key planning implications for your Social Security benefits. Spoiler alert: Social Security solvency is not as bad as you may be led to be believed by the media and planning strategies remain important and are more key in today's low-interest rate world. Read more: https://www.truewealthd...
Ep 81: Math Mistakes in the Media, Investing, and in Understanding Vaccines
September 23, 2021 09:00 - 40 minutes - 37.5 MBIn the age of Covid, everyone has seemingly become a data expert .... regardless of one's understanding of data and statistics (sigh). Hear Kevin highlight some recent math errors he's observed in media, relate them to investing errors, and tie in vaccines to boot. He'll describe how making bad comparisons in identifying mutual fund category winners is subject to similar errors to drawing conclusions about the recent Cape Code headline where a Covid outbreak infected 74% of vaccinated ...
Ep 80: Should I Sell a Stock With a Large Taxable Gain?
September 09, 2021 09:01 - 35 minutes - 32.7 MBYou may have acquired stock and seen it significantly rise in value over time. Now you're not sure what to do: let it ride or sell, pay taxes, and reinvest in a better portfolio. Astute investors know concentrated stock holdings are suboptimal and expose a portfolio to diversifiable risks. But simply selling regardless of tax consequences is also short-sighted. So how do they best fit into your portfolio and financial plan? Hear Kevin discuss how to think through this complex decision. He...
Ep 79: Aligning Your Investments With Your Values
August 26, 2021 09:00 - 25 minutes - 23.8 MBHave you heard of ESG? Many investors today are selecting investments in part based on Environmental, Social, and Governance (ESG) criteria. Don't like fossil fuels, weapons, or pornography? Want to focus on companies that have diverse boards, executive teams, and overall workforce? Have religious beliefs you want to follow when it comes to investing? Then ESG may be right for you. Hear Kevin discuss solutions for those seeking to align their investments to their ESG values and discuss cha...
Ep 78: Unexpected Benefits Married Couples Get From A Financial Advisor
August 12, 2021 09:00 - 23 minutes - 21.9 MBDo you know a smart, financially savvy person that still hires a financial advisor? Ever wonder why they do so? Many family stewards often seek an advisor to take care of their family's finances if they cannot. Know a couple where one spouse took care of the family finances and then passed, leaving the surviving spouse the fear and frustration of picking up the financial pieces all while going through the grieving process? Family stewards seek to avoid this. Yet married couples often get e...
Ep 77: How Risky of an Investor Are You? (And How Do You Really Know?)
July 22, 2021 09:00 - 33 minutes - 30.5 MBWhat type of investor are you? Are you conservative, moderate, or aggressive? These qualitative descriptors are how most think of risk. But what is conservative to you may not be conservative to another. Rather than using non-measurable descriptions of risk, your customized retirement plan needs to be the foundation to objectively measure risk. Then and only then can the three types of risk -- required return, risk capacity, and risk tolerance -- be accurately evaluated and aligned. Why...
Ep 76: Your Hierarchy of Retirement Needs
July 08, 2021 15:33 - 36 minutes - 33 MBMany think retirement planning is all about number crunching. While undoubtedly important, you first need to consider the personal and social aspects of your ideal life and retirement. Then align your resources to best support it. You may recall from your studies psychologist Abraham Maslow's work on the Hierarchy of Needs. Maslow's work translates to retirement quite well. Interestingly, many types of needs are met at least in part through work. Take work out of the equation and those need...
Ep 75: 10-Year Return Expectations
June 24, 2021 09:00 - 37 minutes - 34.6 MBHaving reasonable assumptions for investment returns is critically important for many reasons. These assumptions will impact your retirement plan, investment allocation, and your peace of mind. Why peace of mind? Well, if you are expecting something unreasonable, no doubt you're likely to be dissatisfied and more likely to be undisciplined. Hear Kevin review 10-year return forecasts from leading money managers Blackrock and Research Affiliates. What are domestic and foreign stocks likely t...
Ep 74: Modeling Real Estate & Business Values In Your Retirement Plan
June 10, 2021 09:00 - 26 minutes - 24.6 MBOne of the beginning steps in every retirement plan is to value your assets and project their values into the future. Valuing assets like stocks and bonds is easy (though making accurate projections becomes more difficult.) Complexity increases even more when you consider illiquid assets like real estate and business ventures. Hear Kevin discuss how to model illiquid assets in your retirement plan. Learn why focusing on rental income is shortsighted and how scenario analysis with low to hig...
Ep 73: What Age Should You Get Serious About Planning For Retirement?
May 27, 2021 09:00 - 23 minutes - 21.9 MBHear Kevin describe a conversation he recently had with a podcast listener aged 57. He's planning on working for several more years and was wondering if now is too soon to get serious about planning for retirement. Kevin discussed the qualitative and quantitative benefits clients often get from the Retire Smarter Solution as well as some time-sensitive issues you need to address well before you retire. While it's never too early to start, as your time becomes more valuable, your assets acc...
Ep 72: How Your Retirement Spending Is Likely To Change With Age
May 13, 2021 09:00 - 28 minutes - 25.8 MBIn the last episode, Kevin answered a listener question on inflation. He explained why retiree spending patterns in part combat inflationary risk retirees face. Now hear Kevin delve deeper into retiree spending patterns. If you don't want to work longer than you have to or want to spend more in retirement, this is an episode you'll want to listen to. Traditional retirement advice of having a steadily increasing income for life is wrong for most. Rather, spending tends to decline with age a...
Ep 71: Inflation Expectations & Implications On Your Investments & Retirement
April 22, 2021 09:00 - 31 minutes - 28.7 MBYour money today will buy less next year. This decline is due to inflation, which is often believed to be the silent killer for a retirement income portfolio over time. After all the 4% spending rule had it's worst result starting in 1966 -- a time when inflation began to rise and peaked in the 1970s while economic growth was choppy at best. Might the future resemble this difficult time? Hear Kevin answer a listener question on inflation and whether the high levels of government spending a...
Ep 70: Free Money? More Stimulus Checks & Larger Healthcare Tax Credits
April 08, 2021 09:00 - 35 minutes - 33 MBThe government's money-printing machine is ripping. Here comes round 3 of stimulus checks and larger healthcare tax credits for many pre-Medicare retirees. Hear Kevin discuss the 3 rounds of checks, income phaseout ranges, and planning strategies to get yours. In some cases, you may want to file your 2020 tax return sooner and in others, you may want to wait. For many retirees, we are modifying our tax-smart distribution plan midyear 2021, lowering our taxable income targets and reducing Ro...