If you are nearing retirement you can start to get anxious about whether or not you can maintain your current lifestyle.  But don't worry, there is a solution! In this episode, Shane Perry explains the top 3 decisions to make now regarding your retirement. He explores why resetting your clock is one of the best ways to move into retirement. Shane discusses: Why you should start your financial planning with the end in mind Understand how much money it takes on a monthly or yearly basis to maintain your current lifestyle What you want to do with your time in retirement And more Connect Wi ..read more

How are you preparing your finances in 2022? In this episode, Cindy Mueller discusses the top 5 suggestions for preparing your finances in 2022. Cindy covers budgeting, estate planning, and how inflation affects your finances. Plus, Cindy talks about the proposed tax law changes from Congress. Cindy discusses: Why budgeting can be important to a retiree What can happen if you don’t have a will How inflation can affect your finances The tax law changes Congress is proposing for 2022 What you can expect in a life-changing event in 2022 like planning to retire And more Connect With Cindy Muelle ..read more

There is plenty of financial and retirement planning that needs to be done before the end of the year, and in the new year. In this episode, Mike Whitemore provides us with an overview of what The Retirement Solution helps clients with at the end of the year, and in Q1 of the new year. Mike explains the penalty given if you do not take your required minimum distribution, and why right from the beginning of the year it’s good to start having your RMD in place. Mike discusses: What The Retirement Solution does for clients at the end of the year Why making sure clients have taken their required ..read more

It’s a difficult situation for anyone when your spouse passes away, and you're suddenly on a deadline with the IRS to make plenty of financial decisions right away. In this episode, Travis Johnson is here to speak about why it’s important to talk about death and taxes. Travis explains the tax deadline an individual is subjected to when their partner passes away, and how to deal with the deadline. Plus, key ways The Retirement Solution helps clients deal with organizing their particular situation.   Travis discusses: What you need to know about death and taxes How The Retirement Solution ..read more

According to the IRS, about 75% of taxpayers take the standard deduction, but could be missing out on valuable tax deductions if they can itemize. In this episode, Shane Perry is here to share with you all the key details about year-end tax planning. Shane shares basic things you can do to help yourself from a tax standpoint, how you can help offset your income at the end of the year and more. Time Critical Items for End of Year Tax Planning: December 31st Deadline Items Act Now to Save Taxes How to save money by reducing your taxes New Tax Law Legislation to Consider Last Minute Tax Deductio ..read more

The end of the year means it’s time for clients’ portfolio reviews. That means it’s time to ensure that you’re still meeting your goals, and checking your risk tolerance. In this episode, join Cindy Mueller as she explains her analysis of portfolio reviews. Cindy walks us through what a balanced portfolio is, the biggest red flags she spots in portfolios, and how taxes are affected in an investment portfolio. Cindy discusses: What a portfolio review means What a balanced portfolio is What some of the red flags are when looking at someone’s portfolio How are taxes affected by an investment por ..read more

Potential Medicare changes may soon happen. It’s important to know what those changes will mean for you and your healthcare coverage. In this episode, Tom Black considers some of the possible changes to Medicare that may happen in the future and what that would mean. Tom talks about how people who jumped into Medicare and have now gone back to the workforce and are receiving benefits can manage their situation. Tom discusses: The potential cost increase to Medicare The penalty for not taking Medicare and what situation this applies to What people who are receiving Medicare and benefits from t ..read more

In the current economic situation, excitement can build with the thought of the availability of investing opportunities.  However, some opportunities could lead to great risk.  Talking about boring investing could really be a valuable conversation. In this episode, Mike talks about the exciting part of boring investing. When it comes to cryptos and stocks, it can be exciting to invest in riskier stocks in hopes to get rich quick but it is never that simple. Having individual stocks could be a great way to get rich, but it is a lousy way to stay rich. Mike Whitmore discusses: Why div ..read more

As you transition into retirement, your monthly spending changes significantly, especially your discretionary expenses. So, how do you account for your expenses and ensure they are taken care of? In this episode, Matt helps you figure out your basic retirement expenses so you can become financially confident in your spending habits and live your dream retirement. Matt discusses: How expenses change during the go-go, slow-go, and no-go years of retirement Why it’s possible to achieve your financial goals despite a low income before retirement Important retirement expenses which are often overl ..read more

It’s not enough for your advisor to know what’s going on with your retirement, you need to know as well. Of course you want to spend all the money you saved for retirement. In this episode, Tom Black shares how you can be successful in your retirement. Tom speaks about some of the “rules” around retirement spending and why not everyone can keep up with them.  Tom discusses: Why more people are looking towards retirement The first step to creating a real retirement plan Why having a good handle on your monthly will likely lead to you having a successful retirement The “rules” of retiremen ..read more