How to Retire on Time

An interview with Tammy Reid, wife of head coach Andy Reid, where she discusses her own family holiday traditions, the need for and joy that comes with giving, and her involvement with the Giving Machines in Kansas City.  For more information about the giving machines, click this link: https://www.churchofjesuschrist.org/welcome/christmas/light-the-world/giving-machines?lang=eng Looking for volunt...

In this week's special episode, Mike talks to Tammy Reid, wife of head coach Andy Reid, about the joy of giving, and the Giving Machines located in Union Station in Kansas City (and elsewhere). Mike and David also discuss finding purpose in your encore years, and how giving of your time and talents can help you find purpose in retirement.  Giving Machines: https://www.churchofjesuschrist.org/welco...

“Hey Mike, what are smart ways to donate to charities?” Discover different ways to lower your tax bills while getting more of your money to a church or charity. Text your questions to 913-363-1234.  Request Your Wealth Analysis by going to www.retireontime.com 

“Hey Mike, what’s your favorite strategy or method for managing a portfolio?” Discover the difference between active and passive management, while acknowledging the difference between trading stocks and funds.  Text your questions to 913-363-1234.  Request Your Wealth Analysis by going to www.retireontime.com 

“Hey Mike, which is better, Original Medicare, Supplement (Medigap) Plans, or Advantage Plans?” Discover why there’s no perfect solution for senior healthcare plans and how to research which is right for you.  Text your questions to 913-363-1234.  Request Your Wealth Analysis by going to www.retireontime.com 

“Hey Mike, what’s a common misconception you run into with DIY investors?” Discover why buying and holding ETFs may not be as good of a strategy as you may believe. Text your questions to 913-363-1234.  Request Your Wealth Analysis by going to www.retireontime.com 

“Hey Mike, can you explain in more detail your "Bear Market Protocol?’” Discover different ways you can prepare now to take advantage of a market crash.  Text your questions to 913-363-1234.  Request Your Wealth Analysis by going to www.retireontime.com 

"Hey Mike, what should we know about the Fed cutting rates?" Discover some of the cautionary flags you may want to consider as the Federal Reserve signals more rate cuts. Text your questions to 913-363-1234.  Request Your Wealth Analysis by going to www.retireontime.com 

"Hey Mike, I want to keep working but it’s getting in the way of my IRA to Roth Conversions. What can I do?" Discover why your purpose and work may be more important than paying slightly less in taxes. Text your questions to 913-363-1234.  Request Your Wealth Analysis by going to www.retireontime.com 

"Hey Mike, the stock market seems overvalued. Do you think the real estate market is also overvalued?" Discover the different markets you can invest in, and how some are influenced by others.  Text your questions to 913-363-1234.  Request Your Wealth Analysis by going to www.retireontime.com 

"Hey Mike, which should be done first, social security optimization or tax minimization planning?" Discover why tax planning should be done before you optimize your social security benefits. Text your questions to 913-363-1234.  Request Your Wealth Analysis by going to www.retireontime.com 

"Hey Mike, I know I should be in the stock market, but I can’t get myself to go in since I think it’s going to crash. Is this normal? What else is there?  Discover how to diversify your assets by strategy and timeframe so you can appropriate expectations. Text your questions to 913-363-1234.  Request Your Wealth Analysis by going to www.retireontime.com 

“Hey Mike, I’ve got many friends who have family businesses for retirement so they can write off their family travel and fun expenses. Does that really work?”  Discover why the fake businesses and other alleged tax loopholes don’t typically pass an audit. Text your questions to 913-363-1234.  Request Your Wealth Analysis by going to www.retireontime.com 

“Hey Mike, how does a retirement plan change if you have $250k saved vs $2.5 million.” Discover why those who have less, even if they can afford to retire, may have more risk to consider. Text your questions to 913-363-1234.  Request Your Wealth Analysis by going to www.retireontime.com 

“Hey Mike, I’ve managed my 401(k) my entire life; I just buy and hold index funds. Is retirement any different?”  Discover some of the risks associated with the idea that you can buy and hold your entire portfolio.  Text your questions to 913-363-1234.  Request Your Wealth Analysis by going to www.retireontime.com 

“Hey Mike, I want to use dividends as my primary source of retirement income. How would you put a dividend portfolio together?”  Discover the different ways your dividends are being taxed, and what you can do to potentially make it more efficient. Text your questions to 913-363-1234.  Request Your Wealth Analysis by going to www.retireontime.com 

“Hey Mike, aside from IRA to Roth conversions, what else should I do in my year-end planning?”  Discover many of the other year-end strategies that may be able to help you get more out of your money. Text your questions to 913-363-1234.  Request Your Wealth Analysis by going to www.retireontime.com 

"Hey Mike, can you clarify what happens when funds go into a Roth IRA?" Discover the rules behind Roth IRAs, contributions to Roth IRAs and IRA to Roth conversions, so you can be more deliberate in your tax planning. Text your questions to 913-363-1234.  Request Your Wealth Analysis by going to www.retireontime.com 

"Hey Mike, can you create a retirement plan only using liquid investments?" Discover the hidden potential opportunity cost when you maintain liquidity on all of your assets. Text your questions to 913-363-1234.  Request Your Wealth Analysis by going to www.retireontime.com 

"Hey Mike, how do you map out which rental homes to sell and which to push out?" Discover ways to map out your tax efficient real estate exit so you can retire from being a landlord. Text your questions to 913-363-1234.  Request Your Wealth Analysis by going to www.retireontime.com 

"Hey Mike, what risks concern you based on current market conditions?" Discover various risks Mike believes retirees face in the near future. Text your questions to 913-363-1234.  Request Your Wealth Analysis by going to www.retireontime.com 

"Hey Mike, I have $1,000,000 in my savings account from the sale of my business and nothing in 401(k). How does this change my retirement planning?" Discover how your retirement plan change based on where you saved your money and how extensive your tax planning is. Text your questions to 913-363-1234.  Request Your Wealth Analysis by going to www.retireontime.com 

"Hey Mike, are there other ways outside the 529 plan to help my grandkids get ahead in life?"   Discover a couple of different ways you could help your grandkids get ahead. Remember, each path has its own benefits and detriments. Text your questions to 913-363-1234.  Request Your Wealth Analysis by going to www.retireontime.com 

"Hey Mike, when someone pushes an annuity for lifetime income, the comparison is always in favor of the annuity. What are they not sharing?"   Discover the risks few fully discuss when it comes to lifetime income from an annuity, and why it may not be an apples-to-apples comparison. Text your questions to 913-363-1234.  Request Your Wealth Analysis by going to www.retireontime.com 

"Hey Mike, there are many strategies out there suggesting income around 8% to 9%. Why are advisors still talking about out the 4% rule?"   Discover why it may not make sense to expect those higher rates to last and what to do to prepare for when things change. Text your questions to 913-363-1234.  Request Your Wealth Analysis by going to www.retireontime.com