Financial Planning for Those Retiring in 5-10 Years: The Podcast

Your financial advisor should be someone you can turn to with questions about your entire financial life, not just your investments. In this episode, I walk through the questions you should be asking your advisor, especially if you're within 5–10 years of retirement. ➡️ Book your free consultation to see how I may be able to help you work to get on track with your financial plan: https://koli...

Your taxable brokerage account has a unique opportunity for tax planning. At the death of the account owner, depending on how the account is titled, the beneficiaries may receive a "Step Up" in basis. This means the unrealized gain in the account can be essentially erased & if those shares are sold, the taxes owed can be $0. This episode walks through how the "Step Up" in b...

Your investment statement is great to look at to see how your investments have done, but it does not tell you the entire picture of your retirement. Your investment statement lacks the necessary details that can affect your retirement. This episode I talk through the multitude of decisions and questions that your investment statement does not answer.  ➡️ Book your free consultation to see how I ma...

In this episode I talk about something called "Sequence of Returns Risk". What happens if your portfolio falls in your first year of retirement? What happens if the market has consecutive negative years early in your retirement or right before you retire? How do you plan for that scenario? How can you build your financial plan so you are prepared for a unfavorable sequence of returns ear...

In this episode I talk about the hidden tax cost of mutual funds when held inside of a taxable account. I want to make it clear that I am not stating mutual funds are bad. I hold them for clients, along with ETFs. However, I wanted to talk about the hidden tax cost of mutual funds when held inside of a taxable account via capital gains distributions.  The purpose of sharing this information is to...

In this episode, Kolin talks all things Medicare. What Medicare is How Medicare Works When to Claim Medicare The Different Parts of Medicare What is IRMAA and How Does It Work What Are Some Mistakes I See People Make Here are a few resources with Medicare & IRMAA: https://www.medicare.gov/ https://www.medicare.gov/publications/11579-medicare-costs.pdf As you approach 65, it can be a great idea...

In this episode I walk through what it is like to start working with me as a client. I talk through an example of John and Sarah, and the things that I found/helped guide them through as we started working together. Financial planning encompasses your entire financial life, rather than just solely focusing on investments. While John and Sarah had more to work on, this episode is just an example of...

In this episode I talk about Social Security and the multiple decisions that you have to make when thinking about when to claim it. I talk about how rather than looking at Social Security as a stand alone issue, how can you incorporate it in your entire financial picture to help lead you to making the best decision around when you claim Social Security. I hope you enjoy!  ➡️ Book your free consult...

The first step to getting better financial advice is to just have a conversation with a financial planner. This conversation does not mean you need to move from your current advisor or that you are going to move your accounts over. Rather this conversation is a great opportunity to sit down with a financial planner and see if there are any opportunities or risks in your overall financial plan. Whe...

In this video I talk about the new accounts for your children, called the Trump Account. This account can be used to save for your children's future via the stock market. The Trump Account comes with different rules than a 529 or UTMA account, so making sure this account meets the goals you have for the money is important. For more information on Trump Accounts, go to https://trumpaccounts.go...

Retirement planning comes down to the numbers. Most people spend years and years saving for retirement but end up not knowing the key figures that actually determine whether they are ready to retire. Those key numbers can help bring you confidence and clarity to your retirement. This video covers the 5 numbers you need to know before you retire. Not when you retire, not after you retire, but BEFOR...

Retirement spending is not a one size fits all approach. There are many different things to think about when it comes to spending your portfolio down in retirement. How much guaranteed income do you have, what are your other income sources in retirement, what do you want retirement to look like, how much do you need to sustain your lifestyle and how much is in your portfolio. This video covers thi...

In this video I talk about the important questions and decisions to focus on if I were 10 years until retirement. Retirement is one of the biggest decisions that occur in our lives, so you should take time to focus on many important details. When you are 10 years out from retirement, you can make some changes that can get you back working towards the right path or make decisions that can be detrim...

In this video I talk about inheriting a retirement account as a spouse beneficiary. These rules are different than a non-spouse beneficiary of a retirement account. I talk about the 3 options you have, whether that is rolling the money into your own retirement account, keeping it as an inherited IRA or withdrawing all the funds at once.  ➡️ Book your free consultation to see how I may be able to h...

In this video Kolin Hayes talks about the maximum social security benefit someone can earn in 2026. He looks at the social security wage base in 2026 of $184,500 and how that has increased each year. Kolin talks about the cost of living adjustment (COLA) in 2026 of 2.8% and how that affects the maximum benefit someone can earn from social security.  ➡️ Learn more about my services and book your fr...

In this video Kolin talks about inherited IRAs and what you need to know as a non-spouse beneficiary of a retirement account. As a non-spouse beneficiary, there are some new rules that dictate when and how you remove money from an inherited retirement account that is now an inherited or beneficiary IRA in your name. The 10 year rule, RMDs, tax implications and financial planning things to think ab...

In this episode I talk about how Social Security claiming works. How your Social Security (SSA) benefit is reduced or increased based on when you claim. I talk about 5 things to think about when planning a SSA claiming strategy.  ➡️ Learn more about my services and book your free consultation today: https://kolinhayes.com/  ➡️ Join 85+ other readers who receive my free financial planning newslette...

In today's video I talk about Required Minimum Distributions, also known as RMDs. I talk about how they work, when they start and things to think about when it comes to RMDs. The future tax impact that they can have on your plan and your money. I talk through ways to create flexibility in your money to plan for future RMDs.  ➡️ Learn more about my services and book your free consultation toda...

In this episode, I talk through the differences of a financial planner and a financial advisor, what each one focuses on, and how to figure out which might be the right fit for you. I talk about the type of financial planning work I do with my clients to help them work towards their money goals.  ➡️ Learn more about my services and book your free consultation today: https://kolinhayes.com/  ➡️ Joi...

Welcome To My Financial Planning Show! I’m Kolin Hayes, a financial planner working with high-income professionals and individuals who’ve built significant savings and are starting to think seriously about what retirement actually looks like. Throughout the episodes of my show I will discuss things like tax planning, Roth conversions, required minimum distributions, estate planning, and how to bui...