Roth IRA conversions can provide significant tax benefits by allowing tax-free growth and withdrawals, making them a crucial strategy for long-term financial planning and legacy wealth transfer.  In this week's special episode of Retire in Texas, PAX Co-Founders Darryl Lyons and Joseph Schuetze dive into the critical topic of Roth IRA conversions. They discuss the benefits of tax-free growth and withdrawals with Roth IRAs compared to traditional IRAs, highlighting the importance of strategic planning for retirement. Learn why Roth conversions are advantageous, the optimal timing for conve ..read more

The impact that inflation is having on consumer costs can’t be overstated, and it is affecting the daily lives of Americans everywhere.  In today's episode of Retire in Texas, PAX Financial Group CEO and Co-Founder, Darryl Lyons, explores the intricacies of the current economic landscape, providing valuable insights on navigating investment strategies amidst rising inflation and market uncertainties. He discusses the importance of diversification, analyzes the performance of stocks, bonds, and cash, and introduces the concept of a "core-satellite portfolio" for optimizing risk and opportu ..read more

Costco sold out of gold quickly after offering it for sale at $1,900, surprising many with the demand for this traditionally valuable asset. In this week's episode of Retire in Texas, Darryl Lyons delves into the unexpected surge of interest in gold sparked by Costco's foray into selling the precious metal, while also exploring the contentious debate surrounding the potential introduction of a government-backed digital dollar. Show highlights include: *A breakdown of gold's recent surge in value and why it is attributed to inflation hedging and fear in the market, with concerns about potential ..read more

Grocery prices have increased by 25% over the past four years, impacting families everywhere who are facing significant challenges in managing their monthly expenses In this week’s episode of Retire in Texas, Darryl Lyons dives deep into the complexities of inflation and its profound impact on households today. Gain valuable insights and practical strategies to navigate rising costs and safeguard your financial future in an evolving economic landscape. Show highlights include: *A discussion of the real impact of inflation on everyday life. *A breakdown of inflation from past causes to present ..read more

Saving money doesn’t have to be difficult. If you find yourself in need of tips and tricks for budgeting and growing your personal savings, in an easy and cost-effective way, then we’ve got the perfect episode for you! In this episode of Retire in Texas, Darry Lyons explores the practical realm of personal finance, stepping away from market-centric discussions to focus on tangible strategies that can be incorporated into everyday life. Show highlights include:  *Darryl Lyons’ recount of the personal financial struggles he faced living beyond his means, accumulating debt, and relying on cr ..read more

Ronald Reagan said it best, trust but verify. In this week’s special edition of Retire in Texas, Darryl Lyons dives into the world of financial crime, breaking down the story of Tim Duncan's unfortunate encounter with deceit and manipulation in the realm of wealth management. Through a detailed recounting of Duncan's experience, Lyons sheds light on the tactics employed by fraudsters like Charles Banks IIII, emphasizing the importance of vigilance and due diligence in safeguarding one's financial well-being. Show highlights include: *The story of Tim Duncan, an NBA Hall of Famer, and how he wa ..read more

For those looking to optimize their long-term wealth preservation and succession planning, strategic Roth conversions may be the answer you are searching for. In this week’s episode of Retire in Texas, Darryl Lyons is joined by PAX’s very own advisor, Roger Stukkie. Together, the duo provides valuable insights into Roth conversions, expanding on the potential benefits, risks, and strategic considerations, while also expressing the importance of seeking individualized financial advice. Show highlights include: *A discussion of the concept of Roth conversions and how they differ from traditional ..read more

If you're someone who's hesitant to invest due to fear of market volatility and often find yourself hoarding your money under your mattress, then this episode is tailor-made for you. In this week’s episode of Retire in Texas, Darryl Lyons delves into the world of structured products, offering a comprehensive overview of their potential benefits and considerations for investors seeking a middle ground between traditional investments and safer options. Show highlights include: *Why many investors are apprehensive with the current state of the market, and why structured products may be the ideal ..read more

Finding the delicate balance between passive oversight and active involvement in personal financial management is a crucial challenge that everyone has to learn to overcome. In today's episode of Retire in Texas, Darryl Lyons, CEO and Co-Founder of PAX Financial Group, discusses the importance of finding the perfect mix of being "lazy" with being proactive in financial planning. Today’s show highlights include: *Why we see many individuals struggle with the overwhelming options and complexity of personal financial planning. *The concept of behavioral traps, which some investors fall into such ..read more

With the 2024 presidential election right around the corner, the significance of focusing on what one can control amid external uncertainties can’t be stressed enough. In today's episode of Retire in Texas, PAX Financial Group CEO and Co-Founder, Darryl Lyons, shares insights on navigating financial decisions and life goals through a series of thought-provoking questions. He explores the importance of questioning, drawing inspiration from biblical teachings, and encourages listeners to engage in self-reflection regarding their financial priorities. Today’s show highlights include: *A breakdown ..read more