3 Reasons Why 2022 May Be A Bad Year To Retire

I recently came across an article from a personal finance site that I typically really like. However, this particular article didn’t make a lot of sense to me. In it, the author comes up with 3 reasons why you might NOT want to retire in 2022. I disagreed with every one of those points, and I don’t want you to fall for the same line of thinking as the author, hence this episode discussing the article and why I disagree…

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3 Charitable Strategies For Retirees in 2021

If you’re looking for ways to give money to charity in a tax efficient way, this episode is for you. It’s based on a great article I read by Christine Benz over at Morningstar, and it highlights three ways you can give to charity this year, including one really easy one that anyone can take advantage of.

5 Reasons NOT To Do A Roth Conversion

While Roth Conversions can be a great financial planning tool, they are not suitable for everyone.  And there may be times when you should avoid them altogether. In today’s episode, I discuss 5 reasons why you should not do a Roth Conversion.  Make sure to tune in so that you can be as smart with your taxes as possible, and set yourself up for the best retirement possible.

Is The 4% Rule Now The 3.3% Rule?

One of the most common retirement rules of thumb is the 4% rule, which helps guide you on how much you can take in retirement distributions without running out of money. It essentially suggests that if you have $1M in investments, you can safely withdraw $40K per year, adjusted for inflation. New research by Morningstar suggests that instead of using 4% as a guide, you should use 3.3% instead.

In this episode, I’ll go into why I don’t like using either percentage as a rule in your retirement and I’ll tell you what to do instead.

Should You Do A Giant Roth Conversion?

I received a great question from someone recently: Should he do a giant (and I mean giant) Roth Conversion in light of potential tax increases as well as future legislation potentially ending Roth Conversions?

Tune in to listen to my answer as well as 5 things to think about if you want to make a big Roth Conversion.

Are Your Returns Less Than The Market? The Behavior Gap Is At Fault

Today we are going to be sharing something really sad and frankly troubling for your finances.   We’re going to be talking about why people have poor returns on their investments.  And no, it’s not because the market is doing poorly.  Instead, it’s because of investor behavior, or in other terms, human error.  Human behaviors that cause investors to walk away with much lower returns than they could. Why? It comes down to behavior mistakes.  Not low IQ!  Call it fear,…

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What’s The Value Of A Great Financial Planner?

Working with a financial advisor is a really big decision, and you want to make sure you make the right choice.   If you are considering hiring one for yourself and your family, I would encourage you to consider the services offered, the cost, as well as the value they can provide to you.   In my experience, a lot of people talk about the cost of using a financial advisor but don’t properly consider the value they can provide as well. …

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Webinar Invitation: How To Create Your Tax Strategy

What you need to do to lower your tax burden

I get a lot of questions about how to lower your taxes not just in the current year, but over your lifetime. It’s an important topic, especially as taxes are set to rise in just a few years (or maybe sooner).

Next Wednesday at 6 PM MST/5 PM PST, I’ll be hosting a live webinar on how you can start creating your own tax strategy so that you can lower your lifetime tax burden and retire comfortably.

The biggest threat to your retirement that you don’t know about

There’s no feeling like when you are close to retirement and you know you have a really huge, juicy nest egg waiting for you. But what if I told you there was one tiny thing you may have never heard about that can ruin it? I don’t mean ruin a small part of your retirement plan, but all of it! Before you get too scared, hold on a minute… The flip side is that this tiny thing could make you…

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How To Retire: A Proven 10 Step Process

I remember speaking with a friend of mine, who was struggling to help his parents with all of their financial affairs. At his wit’s end, he asked me, “Where in the world do you go to figure out this stuff (retirement planning stuff)?” Yes, you can do some google searches, and maybe find a book or two on various topics. But what he was asking for was a step by step process of everything leading up to retirement. Where is…

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