In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss the meaning of portfolio diversification and why you shouldn’t put all your eggs in one basket. True portfolio diversification means spreading your money across multiple layers of different options. Listen in to learn about the four major strategies we use to significantly diversify investment portfolios for our clients. You will also learn how we use a diversified fixed annuities portfolio for clients who want to avoid market risk. In this episode, find out: Understand that having multiple financial advisors/custodians doesn't give you diversification on its own.The core strategy – how we invest based on what we think will happen in the market based on the available good data.The tactical strategy – how we align investments based on what is working right now. Structured notes – bond alternative low-risk investments issued by banks that yield and gain interest. The fixed income strategy – actively managed and well diversified traditional bonds.  How we use a diversified fixed annuities portfolio for clients who want to avoid market risk. Tweetable Quotes:“Simply having three distinct advisors or custodians doesn't inherently provide diversification.”- Radon Stancil “We strongly advocate that there isn't a single perfect strategy. By integrating various proven strategies, we create a robust approach that will perform effectively in the long run, particularly for individuals nearing or already in retirement.”- Murs Tariq Resources:If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!To access the course, simply visit POMWealth.net/podcast.

In this Episode of the Secure Your Retirement Podcast, Radon and Murs speak with Andrew Opdyke about a 2024 1st quarter economic update and the expected economic changes in the second quarter. Andrew is a Certified Financial Advisor and Economist at First Trust Advisor.Listen in to learn how the current concentration performance and the 2024 elections will impact the market volatility and economy, respectively. You will also learn about things that are bringing inflation down and why we’ll still see a relatively shallow recession this year.In this episode, find out:●     The unexpected events that risk increasing inflation in the second half of 2024.●     Understanding the fight between strengthening the economy and keeping the pressure on inflation.●     The possible impact of the current concentration performance on the market volatility.●     How the 2024 elections will impact the economy and why you shouldn’t make investment changes based on the outcome.●     Things bringing inflation down and why we’ll still see a relatively shallow recession.●     The 2nd quarter concerns – quitting the inflation rates too soon and the huge spending numbers.●     The 2024 Excitement – the broadening out of companies and the longer-term reward of it.Tweetable Quotes:●     “Some of the things that are bringing inflation down are because of some deterioration we’re seeing from pockets of the economy.”- Andrew Opdyke●     “Based on history, you have virtually never benefited from making significant investment changes based on the party that’s in power.”- Andrew OpdykeGet in Touch with Andrew:●     LinkedIn: https://www.linkedin.com/in/andrewopdyke/Resources:If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!To access the course, simply visit POMWealth.net/podcast.

In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss the impact of the sequence of returns on your retirement plan. The sequence of returns is the risk associated with how your money makes or loses money, and it can significantly impact your retirement plan.Listen in to learn the importance of having income safety and growth buckets to make your retirement smoother and reliable and give yourself peace of mind. You will also learn how the sequence of returns can positively and negatively impact your retirement investments and overall plan.In this episode, find out:●     The three money buckets to set up your retirement plan to avoid the effects of the sequence of returns.●     Sequence of return – risk associated with the positives and negatives of the sequence of your returns as you get closer to retirement age.●     The most ideal and not-so-ideal ways to walk into retirement and how the latter can affect your retirement plan.●     The importance of having income safety and growth buckets to dramatically reduce the risk of the sequence of your returns.●     Two scenarios to help you understand how the sequence of returns can positively and negatively impact your retirement investments.Tweetable Quotes:●     “The sequence of return, particularly when we’re close to retirement or already retired, is going to have a significant impact on our withdrawal strategy and ultimately our peace of mind.”- Murs Tariq●     "If you enter your retirement phase amidst a market downturn but refrain from withdrawing funds, you can afford the opportunity for it to rebound, a far less significant impact compared to withdrawing from your account during the downturn."- Radon StancilResources:If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!To access the course, simply visit POMWealth.net/podcast.

In this Episode of the Secure Your Retirement Podcast, Radon, Murs, and Taylor discuss navigating tax withholding for retirees. When you retire, you have various sources of income, and you can choose to either withhold the tax on them, make estimated tax payments throughout the year, or do a combination of both.Listen in to learn about your tax withholding options regarding your social security benefits, pension income, and IRA distributions. You will also learn about sources of income not eligible for tax withholding, plus how to avoid tax penalties after selling a highly appreciated asset.In this episode, find out:●     Understanding tax withholding and how it differs from estimated tax payments throughout the year. ●     The options you have when it comes to tax withholding on your social security benefits.●     The process available and information needed for tax withholding on your pension income.●     Understanding the default and other tax withholding options available to IRA distributions.●     Sources of income not eligible for tax withholding and the tax options available for them.●     Pay attention to the next estimated tax due date when you sell a highly appreciated asset to avoid penalties.●     All the information we need to know to advise you accordingly and avoid any tax surprises during tax season.Tweetable Quotes:●     "Paying estimated taxes periodically demands foresight and a significant time commitment. Your CPA can assist you in projecting the quarterly payments necessary."- Taylor Wolverton●     "Upon retiring, there may be several years of transition as you establish diverse income streams, with social security being merely one aspect of this process."- Taylor WolvertonResources:If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!To access the course, simply visit POMWealth.net/podcast.

In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss the possible impact of the presidential election on your retirement investments. Political uncertainty causes increased volatility in the short term, and the idea here is to maintain security and peace of mind regarding your retirement plan. Listen in to learn why combining the strategic core and tactical portfolio strategies works well in lowering risk. You will also learn how structured banknotes lower the risk for a client to have a fixed income in case of a volatile market in an election year. In this episode, find out: Understand that political uncertainty causes increased volatility in the short term. How we divide the growth portfolio into the strategic core and tactical themes. The strategic core theme –aligning the portfolio to what we believe will happen based on the economic conditions. Tactical – a good and active risk management tool aligned to what’s working right now. The moderate growth portfolio – how structured banknotes lower the risk for a client to have a fixed income. Tweetable Quotes: “There’s probably going to be a little bit of volatility in 2024, but not anything that’s going to be because of party changes or anything of the sort.”- Radon Stancil “We have two themes in our growth model, strategic core, which is fundamentally based and tactical, which is what’s working right this moment.”- Murs Tariq Resources:If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!To access the course, simply visit POMWealth.net/podcast.

In this Episode of the Secure Your Retirement Podcast, Radon and Murs speak with Mercedes Fernandez about keeping mobility in retirement. Mercedes is the founder of Movement, lead Geriatric Physiotherapist, a certified senior fitness instructor, and an authorized CPR/First Aid responder.Listen in to learn the most common mobility issues in older adults and the good habits you can develop to reduce them as you age. You will also learn how maintaining movement with simple stretches and following the right instructions with mobility aids and exercise can diminish pain and prolong your mobility ability.In this episode, find out:●     Mercedes describes her work in the study of human body movement and her focus on older adults.●     Most common mobility issues in older adults and good habits you can develop to reduce them.●     Simple stretches you can do anywhere to diminish most of the pain you don’t even realize you have.●     How lack of instructions on how to use a mobility aid or exercise can be a fall or health hazard.●     The importance of maintaining movement as you age to prolong your mobility ability.●     How to access Mercedes, the demographic she works with, and her treatment process.Tweetable Quotes:●     “Stretching is overlooked, but if we all learned how to stretch, we could diminish a lot of the pain that we do not even realize we’re having.”- Mercedes Fernandez●     “The best prevention and maintenance we can have is to keep moving and incorporate some type of stretching.”- Mercedes FernandezGet in Touch with Mercedes:●     Website: https://mouvement.info/●     Free Gift: https://mouvement.ck.page/mobilityResources:If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!To access the course, simply visit POMWealth.net/podcast.

In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss things to consider when gifting and loaning money to children. There are tax and financial implications when it comes to gifting, but you can do it right when you understand all the legalities.Listen in to learn the importance of understanding the purpose of gifting money to your kids to help you structure it and think of the implications. You will also learn how to navigate the legalities of loaning money or co-signing a house with your kids.In this episode, find out:Understand the purpose of gifting money to your kids to help you structure it and consider the implications.Think about your own financial stability before gifting money to avoid becoming a liability.Think about the potential tax implications to you when gifting the money while still alive.Consider how to navigate the idea of estate planning, family dynamics, and your legacy.Why co-signing a house with your kid is the least desirable option for gifting money.How to navigate the legalities of loaning money to your kids to buy a house.Advantages of loaning money to your kids, plus the importance of having the right documentation in place.The different things to consider when it comes to gifting, transferring, or loaning your family.Tweetable Quotes:"Exercise caution before presenting money as a gift, ensuring that you are certain it won't be spent, unless you are confident in having a predetermined amount set aside."- Radon Stancil“Although the act of giving can be rewarding and satisfying, it's important to carefully consider the various implications involved in gifting, transferring, or loaning to your family.”-Murs Tariq Resources:If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!To access the course, simply visit POMWealth.net/podcast.

In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss how to harness the power of step-up in basis when it comes to inheritance. A basis is the original investment into something and can be a big tax strategy as a step-up in inheritance.Listen in to learn about the tax advantage inheritors get when capital gains on investments are erased when you pass away. You will also learn the importance of having a conversation with a financial professional to evaluate the risk associated with holding one investment for basis purposes.In this episode, find out:Basis – your original investment into something and why it’s important when talking about a step-up in inheritance.Step-up in basis – the tax advantage inheritors get when capital gains on investments are erased.Why the step-up in basis could be an excellent wealth transfer strategy for long-term investments.The importance of having a conversation with your financial advisor to evaluate the risk associated with holding one investment.Tweetable Quotes:“Comprehending the concept of step-up in basis holds significant importance in navigating inheritance matters, such as stocks or properties. It can emerge as a strategic consideration even prior to the actual inheritance event.”- Murs TariqResources:If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!To access the course, simply visit POMWealth.net/podcast.

In this Episode of the Secure Your Retirement Podcast, Radon and Murs have Shawn Southard, our in-house Medicare expert, talk about Medicare's doughnut hole. Medicare’s doughnut hole is a temporary limit on what a Medicare drug plan will pay towards the course of the drug.Listen in to learn about the importance of enrolling into a prescription drug plan at the right time to avoid paying penalties. You will also learn about the four stages of how Medicare Part D works, plus strategies you can take yourself to avoid the doughnut hole.In this episode, find out:Doughnut hole – a temporary limit on what a Medicare drug plan will pay towards the course of the drug.The history of the prescription drug side of Medicare (Part D) and the importance of enrolling in a prescription drug plan.The four stages of how Medicare Part D works – the deductible, initial coverage, coverage gap, and catastrophic coverage.How the Inflation Reduction Act of 2022 will benefit Medicare beneficiaries moving forward.The strategies available to help you avoid the doughnut hole if the government doesn’t fix it.Tweetable Quotes:“When it comes time to get on Medicare, you want to make sure that even if you don’t need it right away, you do enroll into a prescription drug plan to avoid any penalties.”- Murs Tariq“If you do not enroll into a prescription drug plan when you are first eligible to do so when you turn sixty-five or retire and get into Medicare, there’s a late enrolment penalty of 1% per month for every month you’re not enrolled in a drug plan when you’re supposed to be.”- Shawn SouthardResources:If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!To access the course, simply visit POMWealth.net/podcast.

In this Episode of the Secure Your Retirement Podcast, Radon, Murs, and Nick discuss beneficiary best practices and what’s discussed in a typical beneficiary’s meeting. Things can change in a year, and that’s why we believe it’s important to update or change beneficiaries annually.Listen in to learn how we prepare for the beneficiaries’ topic before the client meeting. You will also learn how primary and contingent beneficiaries work and the difference between per stirpes and per capita beneficiary designations.In this episode, find out:Understanding the topics covered in a financial planning strategy meeting and its benefits.How we prepare for the beneficiaries’ topic before the client meeting.The reasons why we advise updating or changing beneficiaries annually.The beneficiary designation’s structure – how primary and contingent beneficiaries work.Per stirpes – designating how funds will flow down the family lineage if the beneficiary is deceased.Per capita – designating funds to go across to other beneficiaries if any of them is deceased.Tweetable Quotes:“The more beneficiary designations you can have added to your accounts, the simpler the estate process is going to be when that terrible time comes.”- Murs Tariq“Per stirpes is a specific beneficiary designation that you can put on your investment accounts that designates that funds will flow down that specific family tree.”- Nick Hymanson Resources:If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!To access the course, simply visit POMWealth.net/podcast.

In this Episode of the Secure Your Retirement Podcast, Radon, Murs, and Taylor discuss how to prepare to file for the 2023 taxes. The first things you should be looking at include your different sources of income and tax forms connected to that income.Listen in to learn the importance of working with a professional tax preparer to avoid misreporting different income taxes. You will also learn why you should report your Qualified Charitable Distributions and Roth conversions to your tax preparer to avoid overpaying taxes or paying penalties.In this episode, find out:Things to think about your taxes to avoid last-minute rush come April 15th.The difference between the two types of 1099 forms you should know to avoid confusion.The importance of working with a professional tax preparer to avoid misreporting rental income taxes.When it’s worth and not worth it to itemize your expenses for your tax preparer.The importance of reporting your Qualified Charitable Distributions to reap tax benefits.Why you should report your Roth conversions to your tax preparer to avoid paying penalties.Understanding how your Roth IRA contributions impact your tax returns.Ensure your tax preparer has your correct date of birth on file if you turn sixty-five to avoid overpaying taxes.Tweetable Quotes:"Consider all your diverse revenue streams and locate the corresponding tax form as your initial step."- Taylor Wolverton“You want to send as much documentation as you can get for both income and expenses associated with your rental property to your tax preparer this year.”- Taylor WolvertonResources:If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!To access the course, simply visit POMWealth.net/podcast.

In this Episode of the Secure Your Retirement Podcast, Radon and Murs have Joseph O'Donnell, a cybersecurity safety expert, talk about cybersecurity safety in retirement. Joe explains the nature of phishing emails and texts, how they’re used to trap you into giving out personal information, and the two powerful ways to avoid falling victim to phishing emails.Listen in to learn the importance of staying informed and taking precautions when using the internet instead of avoiding it. You will also learn the importance of having strong passwords, changing passwords when you suspect maliciousness, setting up two-factor authentication, and more.In this episode, find out:How phishing emails are used to trap you into giving out access to personal and/or financial information.Why you should step back from a suspicious email and verify the source to avoid falling victim to a phishing email.How to be informed and take precautions when using the internet instead of avoiding it altogether.The importance of having a strong password and changing your password when exposed to cyberattacks.How two-factor authentication works and the importance of setting it up to avoid cyberattacks.The importance of having a password manager from a reputable provider that encrypts information.Tweetable Quotes:“The way email is today, you just cannot trust an email, so if you get a suspicious email, the number one thing to do is step back away from the email and don’t trust it.”- Joseph O'Donnell“A password manager is a fantastic way to help you have complex and unique passwords for the accounts that you log into.”- Joseph O'DonnellResources:If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!To access the course, simply visit POMWealth.net/podcast.

In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss why you shouldn’t gamble with your retirement. They compare how gambling in Vegas and retirement investing co-relates and why having an expert help you with your retirement strategy is important.Listen in to learn about the risk and reward concept in retirement investing and how your age and life experiences will impact it. You will also learn how to avoid uncertainty and unpredictability with an investment strategy and the importance of a good long-term strategy and a diversified investment portfolio.In this episode, find out:The risk and reward concept in retirement investing and how it changes as we age and through life experiences.How to avoid uncertainty and unpredictability with your retirement investment strategy.Instant gratification vs. having a good long-term strategy when investing for retirement.How having a diversified investment portfolio with a good risk management team allows you to avoid making emotional decisions.Understanding the psychological aspect of making/investing money to make better outcomes.The importance of having an experienced expert to help you with your retirement strategy.Tweetable Quotes:“We’re helping clients layout and understand the rules of retirement, so their money lasts as long as they do.”- Radon Stancil“Having a longer-term sound strategy rather than trying to chase a return every single day or year over year makes a lot of sense.”- Murs TariqResources:If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!To access the course, simply visit POMWealth.net/podcast.

In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss the 529 plan as a tax-free investment vehicle and the new ruling around it. A 529 plan is a tax-free compound interest account funded for qualified educational expenses.Listen in to learn about the stipulations around the new ruling enabling rolling unused 529 money into a Roth IRA for the beneficiary you set it up for. You will also learn the importance of opening and funding a 529 account without going crazy with the money and teaching your kids/grandkids how to open a Roth IRA account as early as they can.In this episode, find out:●     The power of the 529 plan as a tax-free compound interest account for qualified educational expenses.●     The new ruling enables rolling unused 529 money into a Roth IRA for the beneficiary you set it up for.●     The 15-year hoarding period of the 529 account before rolling it into a Roth IRA.●     Why the 529 rollover is limited to the annual Roth IRA limit and a lifetime limit.●     The 529 beneficiary must also be the owner of the Roth IRA and cannot be transferred to a different beneficiary.●     The earned income amount rule for the 529 beneficiary to be able to roll over the annual Roth IRA limit.●     Why you should open and fund a 529 account and teach your kids/grandkids how to open a Roth account.Tweetable Quotes:●     “With a 529, the rule is, all growth is tax-free provided it is used for qualified educational expenses.”- Murs Tariq●     “There’s an ability to roll unused 529 money into a Roth IRA for the beneficiary that you set it up for.”- Murs TariqResources:If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!To access the course, simply visit POMWealth.net/podcast.

In this Episode of the Secure Your Retirement Podcast, Radon and Murs have our in-house Medicare specialist, Shawn Southard, discuss the Medicare Advantage open enrollment. With an education background and a servant's heart, Shawn is passionate about helping people find the right Medicare plans.Listen in to learn about the benefits of a Medicare Advantage plan and the reasons for the Medicare Advantage open enrollment period. You will also learn why someone would choose to go with a Medicare Advantage plan over the original Medicare plan, plus the strategic downsides of the former.In this episode, find out:●     The couple times you can get into Medicare in a year and the open enrollment available for Medicare Advantage holders.●     Medicare Advantage plan – all the same benefits offered by original Medicare plus a few extra things.●     The reasons why people do a Medicare Advantage plan as opposed to the original Medicare plan.●     The strategic downsides of going with a Medicare Advantage plan, which includes their network plans.●     Why a Medicare Advantage holder would want to change from one plan to another within the plan.Tweetable Quotes:●     “Medicare Advantage or Part C is just another way people can get their health coverage during their Medicare journey.” - Shawn Southard●     “If you’re a Medicare Advantage holder, you can use the time from January 1st to March 31st to find another Medicare Advantage plan that your doctor is in a network.”- Shawn SouthardResources:If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!To access the course, simply visit POMWealth.net/podcast.

In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss what you should get for the fee you’re paying a financial advisor. When looking for a financial advisor, it’s important to ask yourself what you’re getting versus their fee.Listen in to learn about the three major types of financial advisors and what each offers you. You will also learn about categories of our Wealth Integrated Management System: specialized investment strategy, a retirement-focused financial plan, tax strategy, estate planning, and other ever-evolving elements to cater to our clients' needs.In this episode, find out:Understand that there’s no better fee than another; it’s all about what you want from a relationship.The hourly rate advisor – offers a transactional type of relationship where you get to implement their recommendations.An asset under management advisor – they charge you a percentage of the assets they’re managing for you.Commission-based advisor in funds in the stock market and outside the stock market.Understand that with asset management, the lower the fee, the further it will be hands-off.The Wealth Integrated Management System – the four major categories and other ever-evolving elements.Tweetable Quotes:“What we’re not saying is, this fee is better than that fee because it all comes down to what you want out of the relationship.”- Radon Stancil“There are a few different types of advisors out there, and it’s up to you to do some research and vetting and understand what it is that you’re truly looking for.”- Murs Tariq“This wealth integrated management system is continuously evolving to take care of needs that are presented to us.”- Murs TariqResources:If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!To access the course, simply visit POMWealth.net/podcast.

In this Episode of the Secure Your Retirement Podcast, Radon and Murs highlight some different episodes throughout 2023. These episodes’ topics are significant resources for retirement planning and would greatly help if you went back and listened.Listen in to learn the different episodes with information about what you need in retirement, including a power of attorney, estate planning, retirement income strategies, and more. You will also learn about the episodes on long-term care planning options, plus the basics of continuing care retirement community (CCRC).In this episode, find out:Episode 193 – the elements we discuss to help you navigate the decision to retire now or work longer.Episode 197 – understanding the power of attorney and why you need it in retirement.Episode 201 – an interview with our partner on things to think about when it comes to a trust.Episode 204 – an interview with a consultant about social security spousal benefits in retirement.Episode 208 – maximizing tax benefits by bunching charitable contributions strategy.Episode 217 – how to create an income in retirement by restructuring assets and buckets strategies.Episode 219 – things to consider when choosing to do CDs or annuities.Episode 224 – understanding long-term care planning options in retirement.Episode 223 – protecting against cybersecurity threats and why the episode is super important.Episode 226 – we walk you through our integrated wealth experience in retirement strategies.Episode 231 – an interview with our in-house taxation expert on how social security taxation works.Episode 234 – an interview with an IRA expert to help you understand the Roth IRA: 5-year rule.Episodes 236 & 238 – an interview about continuing care retirement community (CCRC) basics.Episode 235 – the art of a Risk-adjusted Portfolio in Retirement with four major elements.Episode 239 – an interview with our partner around simplified estate planning in retirement.Tweetable Quotes:“If you’re concerned about long-term care and don’t know what to do and which direction to go in, episode 224 could be a good starting point for you.”- Murs Tariq“If you’re taking social security and just want to understand how it works or you’re trying to plan for when you take social security, episode 231 is a great episode to go back and listen through.”- Radon StancilResources:If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!To access the course, simply visit POMWealth.net/podcast.

In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss the important tax numbers for 2024. Tax rate numbers for 2024 are out, and it’s important to understand them to make the necessary adjustments and know how your income will be affected.Listen in to learn how the progressive tax system works and the importance of understanding your marginal and average tax rates. You will also learn about the 2026 tax rates sunset, long-term capital gains tax rates, standard deductions, and much more.In this episode, find out:The tax rates for 2024 and the ranges for both single and married filing jointly.  How the progressive tax system works and the importance of understanding your marginal and average tax rates.Understanding long-term capital gains and why it’s taxed differently from your income.The 2026 tax rates sunset – a tax law that will expire unless we have some significant political changes.It is understanding standard deductions and some additional deductions for both single and married filing jointly.   Understanding the Social Security tax for 2024 and things to keep in mind about social security tax.Medicare premium part B and IRMAA and how you can be affected by additional surcharges.How the 401k, traditional IRAs, and Roth IRAs contribution numbers have changed for 2024.The Health Savings Account (HSA) tax numbers from an individual plan perspective and family plan for 2024.Tweetable Quotes:“In general, your social security can be zero percent taxable, fifty percent taxable, or up to eighty-five percent taxable.”- Murs Tariq“If you make more than one hundred and sixty-one thousand as a single person or more than two hundred and forty thousand married filing jointly, you cannot put money into a Roth account.”- Radon StancilResources:If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!To access the course, simply visit POMWealth.net/podcast.

In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss the retirement issues to consider as we approach the end of the year. As the year ends and another begins, it’s important to have a checklist to ensure you have things closed out for 2023 and things set up for 2024.Listen in to learn about tax planning strategies to look at, such as threshold tax brackets, qualified charitable distributions, donor-advised funds, and more. You will also learn the benefits of having a Health Savings Account (HSA) and contributing to 529 accounts at the end of the year.In this episode, find out:Assets and debt issues Required minimum distributions. Tax planning Threshold tax bracket –Why look at your threshold to manage it?The qualified charitable distributions tax-free strategyWhy you should Bunch contributions/donor-advised funds.Did you or will you be receiving windfall type of money? Marital status changes – understand where you are going and the advantages and opportunities to take.Health Savings Account (HSA) – the tax benefitsCheck if you maxed your 401k and contribute to a Roth account if eligible for future tax benefits.How to contribute to a 529 account using your annual gift exclusion amount.Insurance – if you have met your deductibleEstate planning – review your beneficiary destinations to make things easier if anything occurs.Tweetable Quotes:“You want to plan ahead if you’re going to turn sixty-five in a couple of years because whatever you make now affects your Medicare surcharges in the future.”- Radon Stancil“If you’re looking to contribute to a 529 account, just realize that you can use some of those annual rules to get money in there for your kids or grandkids.”- Murs TariqResources:If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!To access the course, simply visit POMWealth.net/podcast.

In this Episode of the Secure Your Retirement Podcast, Radon and Murs have Anne Rhodes discuss how the wealth.com platform simplifies estate planning. Anne is the Chief Legal Officer at wealth.com with a mission to make estate planning and cross-generational wealth transfer affordable and accessible to more Americans.She describes the two buckets where the core documents every American must have fall and their importance in estate planning.Listen in to learn about the importance of documents like the HIPAA form, certification of trust, and why you should consider a trust versus a will. You will also learn how wealth.com is set up to reduce estate planning friction and simplify estate planning for financial advisors and their clients.In this episode, find out:The core documents every American needs to have in case of death or incapacitation and their importance.The HIPAA form – What does it allow you to do?The certification of trust – accompanies a living trust as a cover sheet, so you don’t have to reveal your trust’s private information.Reasons to consider having a trust versus a will, like privacy and reducing the cost and time of probate.  Anne explains the process from signing the documents to making them legal.Tweetable Quotes:“The HIPAA release form is important to accompany the advanced healthcare directive.”- Anne Rhodes“We really want to give financial advisors and their clients a tool that they can trust to go deeply into this estate planning world.”- Anne RhodesGet in Touch with Anne:LinkedIn: https://www.linkedin.com/in/annexrhodes/Resources:If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!To access the course, simply visit POMWealth.net/podcast.