Retire Texas Style!

Discover the importance of having a solid tax strategy in retirement, as Steve and Derrick discuss the significant impact taxes can have on your retirement income. Learn why merely having financial assets isn't enough and how a comprehensive tax plan can optimize your financial future. Delve into practical steps to develop a customized tax plan tailored to your goals and circumstances. From identi...

Learn why understanding your retirement income potential is crucial for living your best life post-retirement. Explore heartwarming stories of clients who have embraced their golden years with joy and fulfillment, debunking the myth of dwindling opportunities in retirement. Gain valuable tips on crafting a retirement plan that aligns with your goals, dreams, and desires. Whether you're a seasoned...

Discover actionable insights to safeguard your wealth against inflationary pressures and market uncertainties, as Steve and Derrick provide expert guidance on building a comprehensive retirement income plan. From Roth conversions to diversification strategies, learn how to maximize income streams and mitigate risks in an evolving financial landscape. Whether you're a seasoned investor or just star...

From the impact on standard of living to the division of assets and retirement planning, Steve and Derrick provide valuable insights into the financial repercussions of divorce. They emphasize the importance of total re-planning and proper financial guidance to mitigate the challenges of starting over. Additionally, they discuss crucial factors such as Social Security benefits, healthcare costs, a...

Despite his immense wealth, Shaq's journey to financial stability offers valuable lessons for everyone. Learn how Shaq leverages his trusted advisors to evaluate business offers and secure his financial future. Discover the importance of having a non-emotional approach to financial planning and how it can lead to long-term success. Steve and Derrick explore the challenges faced by professional ath...

Discover how timing plays a crucial role in Social Security elections and how making informed choices can significantly impact your retirement income. Learn from real-life examples, including one where a client preserved their benefits by understanding the implications of their decision. Don't leave your retirement to chance—tune in to this episode to gain practical tips and strategies for optimiz...

Discover how Ruth's purchase of an annuity in the 1920s provided him with financial security during the tumultuous years following the Great Depression, offering valuable lessons for today's retirement planning. In this episode, Steve and Derek discuss the evolution of annuities and the importance of choosing the right annuity to meet individual financial goals. Learn about the benefits of modern...

Join Steve and Derrick as they discuss the fascinating retirement plans of Tyler Perry and unveil common retirement myths. From Tyler Perry's vision of a laid-back retirement to the reality of financial planning, this episode offers valuable insights into retirement preparation. Explore the importance of having a personalized retirement plan tailored to individual needs and aspirations. Learn why...

In this episode, Steve and Derrick share insights on overcoming financial mistakes, handling unexpected challenges, and crafting a secure financial future. Discover how Steve and his team help clients navigate through credit card debt, auto loans, and retirement planning intricacies. Whether you're a risk-taker in the oil fields or someone cutting coupons at home, Steve and Derek provide practical...

Join Steve and Derrick as they address the implications of the Trump tax cuts signed into law in 2017. With these cuts set to expire soon, Steve and Derrick discuss the potential impact on individual tax rates, standard deductions, and more. Learn how to proactively plan for changes in tax policies, ensuring your retirement remains secure. Discover strategies to safeguard your hard-earned money, i...

In this special edition, Steve is joined by David Duley, the founder of the Social Security Risk Score. Dive into the crucial discussion about the future of Social Security and how it impacts your retirement. As 2024 unfolds with uncertainties, they explore the individual decisions surrounding Social Security, potential income gaps, and strategies to fill them. Learn about the innovative Social Se...

Are you feeling like you can never get ahead financially, no matter your income? You're not alone.  The staggering reality is that the typical American household must spend an additional $11,434 annually just to maintain the same standard of living as of January 2021. Learn how inflation isn't just a number on the news but a silent force impacting your daily life, from grocery bills to over-the-co...

In today's episode, Steve and Derrick break down the intricacies of 401K rollovers. With a surge in interest, as highlighted by a 150% increase in requests for advice, the hosts shed light on the expected $760 billion rollover market this year.  Don't miss this empowering episode that will equip you with the knowledge to take charge of your retirement journey. Whether you're considering a rollover...

Join Steve and Derrick for this eye-opening episode as they dissect the traditional 4% rule for retirement spending. The landscape has changed, and the rule has evolved. Learn why withdrawing 4% in the first year may no longer be sufficient and why aiming for around 4.7% might be the sweet spot. The hosts delve into the risks associated with deviating from this rule – taking too much may jeopardiz...

With the Trump tax code set to undergo changes, Steve and Derrick explore the impact on financial and retirement planning, emphasizing the need for a proactive approach. The hosts stress the urgency of taking advantage of the current historically low tax rates, offering a unique perspective on the potential challenges that could arise in the next few years. Drawing parallels to past decades, they...

In this insightful episode of Retire Texas Style, join Steve and Derrick as they unravel the complexities of 401(k) management. The hosts address common concerns and confusion about planning for retirement, offering guidance and practical tips. Discover the key challenges post-retirement when managing your 401(k) and the need for a comprehensive income strategy. Derrick breaks down the concept of...

The age-old question resurfaces: Do millionaires truly feel rich? A recent survey reveals that only 8% of Americans with at least $1 million consider themselves wealthy. But here's the twist – does the concept of being rich even have a fixed number in today's dynamic financial landscape? Steve and Derrick Hoyl Financial break down this topic and more!  Steve and Derrick challenge the traditional $...

Drawing inspiration from best-selling author Patrick Kelly, Steve and Derrick discuss the importance of planning for market storms before they hit, likening it to Noah building the ark before the downpour. The duo emphasizes the emotional impact of market swings and provides practical advice for investors of all ages. With the year-end approaching, they predict heightened volatility and stress the...

Join Steve Hoyl and Derrick Caldwell from the Hoyl Financial Group as they unravel the intricacies of the IRS's latest tax bracket adjustments, set to roll out in 2024.  While the prospect of lower tax rates sounds promising, Steve and Derek delve into a crucial aspect that often gets overlooked—how these adjustments impact the taxation of Social Security benefits, especially for retirees. With mo...

In this episode, we explore Black Rock's recent report, revealing insights into creating a successful retirement. With an astonishing $8.5 trillion in assets under management, Black Rock shares unconventional strategies that go beyond market risks. Join hosts Steve, Derrick, and Jess as they discuss key recommendations from Black Rock, including delaying Social Security for higher benefits, consid...

Join host Steve Hoyl for an unforgettable interview with music legend David Foster and his talented wife, singer-songwriter, and actress Katharine McPhee. With 16 Grammy Awards and a remarkable career, David Foster shares insights into his journey, while Katharine McPhee discusses her experience as a new mom. The conversation also touches on their involvement in philanthropy, particularly the impa...

 Despite Wall Street's recent struggles, Steve emphasizes the need to be defensive and protect your capital. Join us as we explore the Rule of 100, guiding you on managing risk as retirement approaches. Steve shares crucial insights into a unique strategy that offers upside exposure without the downside risk, ensuring your money stays safe while still enjoying significant returns. Discover why it'...

You've heard the rumors, "Social Security is going broke!" There are growing fears that Social Security may face financial challenges, potentially leading to reduced benefits for retirees as early as 2033. Join our hosts, Steve and Derrick, as they discuss the implications of potential Social Security cuts and how it can impact your retirement. They dive into the importance of understanding your S...

Join Steve and Derrick, your trusted financial advisors with offices spanning across the great state of Texas, from Midland and Odessa to Lubbock, Amarillo, Dallas-Fort Worth, and Austin, among others. In this episode, we explore the inspiring story of Charles Feeney, a billionaire philanthropist who chose to give away most of his wealth while he was alive. Discover the pros and cons of adopting a...

In today's discussion, we tackle a financial concern that's on many minds—cash holdings. A recent study revealed that more than half of Americans are holding onto extra cash due to concerns about a market crash or recession. But how much is too much, and should you consider increasing your cash holdings? The team at Hoyl Financial offer valuable insights into the balance between cash reserves and...