How To Tailor Your Retirement Income Strategy – And Why You Need To

Retirement nest eggs have become bigger, but fixed income rates of return are low. How do you create a cash flow? What strategy will allow your investment portfolio to provide income throughout your retirement? Joe and Big Al explain what matters when tailoring your own personal retirement income strategy. Plus, determining in which type of accounts you should have your … Read more

Podcast #148

What You Need To Know Before You Buy or Sell Gold

Peter Hug from Kitco describes the four types of people that buy precious metals, how to best buy and sell silver and gold yourself, and whether these commodities are similar to cryptocurrencies like Bitcoin and Blockchain. Joe and Big Al talk permanent vs term life insurance and tax reform. Plus, holiday gift ideas to transform the quality of life for … Read more

Guest:  Peter Hug Peter Hug

Podcast #145

What is a Double Roth Conversion Strategy?

You might want to consider doing more than one Roth conversion in a year in order to optimize your conversion strategy, providing you with a better probability of success. By doing multiple Roth conversions, you are able to wait until the following year to see which investments perform better.

Typically you have until December 31st to do a Roth conversion … Read more

Allison AlleyAllison Alley

9 Retirement Tips If You Don’t Plan to Retire

Retirement planning tips and benefits when you don’t plan to retire. Plus, how much should you have saved for retirement at different stages of life, how much has the average millennial saved, and the Roth 5 year clock: should you get married so you can take advantage of the fact that your new spouse’s Roth is already over 5 years … Read more

Podcast #143
Recharacterization

What is a Roth Conversion and Recharacterization?

Allison Alley, CFP® walks you through the details of what a Roth conversion is and how recharacterization could be an integral part of your tax planning strategy.

Learn more about how tax diversification can improve your odds of success.

Transcription:

“Today we’re going to talk about Roth conversions and recharacterizations. A lot of people are trying to transition
money … Read more

Allison AlleyAllison Alley

How To Rescue Yourself From Hitting Financial Rock Bottom

Financial Lifeguard, Christine Luken, explains how she used Mindful Money Management to rescue herself when she hit financial rock bottom, and how you can, too. Joe and Big Al answer questions on when the magic of compounding is gonna kick in, Roth conversions, required minimum distributions, and how Trump tax reform will affect both. Plus, paying off the mortgage in … Read more

Guest:  Christine Luken Christine Luken

Podcast #136

Mind The Gap: How To Make More Than You Spend In Retirement

J. David Stein, host of the Money for the Rest of Us podcast, on managing emotions when it comes to investing and market volatility, and how to Mind the Gap between income and spending in retirement. If that gap is too large, we’ve got 99 side hustles that can help you make some cash. Also, 6 Tax Planning Tips to … Read more

Guest:  J. David Stein j david stein

Podcast #131

Using Reverse Mortgages To Secure Retirement with Dr. Wade Pfau

Dr. Wade Pfau reveals new research on the reverse mortgage as an insurance policy and investing tool and discusses the 4% rule for withdrawing retirement income from your portfolio. Plus, Joe and Al have 10 tips to boost retirement savings, the pros and cons of rolling your 401(k) into an IRA, long-term care tax strategies, the latest on the Department … Read more

Guest:  Wade Pfau Wade pfau

Podcast #117