Retire Well with Kelly Racicot

On this episode, Kelly talks about some new retirement account rules that take effect for 2025. Whether you’re still working or retired you’ll want to be aware of how some of these new rules might impact you’re your retirement income planning. Interesting Reads USNews.com: What Is The Secure Act Investopedia.com What is the Secure Act and How It Could Affect Your Retirement Kiplinger.com: Secure A...

A successful retirement plan should focus on more than just managing your financial accounts. This week we dive into holistic planning. What does mean? And how not taking a holistic approach to your retirement plan can lead to unexpected and often unnecessary expenses. Interesting Reads ss.gov: Taxes and your Social Security Benefit Kiplinger.com: Why a Good Retirement Plan Isn’t Separate Pieces K...

On this Halloween edition of Retire Well, we’re shining a light on the frightening world of scams that target retirees. From too good to be true offers to tech savvy schemes, we’ll help you to avoid being tricked and protect your finances. Interesting Reads USA.gov How To Place or Lift a Freeze on Your Credit Consumer.ftc.gov: Free Credit Report   Kelly Racicot is a Retirement Income Certified Pro...

When we think about retirement planning, we generally think about saving and investing for our future. But that’s only the beginning. It’s crucial to give proper thought to what’s next. On this week’s episode Kelly dives into how to manage your nest egg and protect yourself from some common mistakes. Take our risk tolerance quiz  https://thefinancialhq.com/yourhrsagent.com Interesting Reads Fideli...

The Inflation Reduction Act is making a BIG impact on Medicare prescription drug plans in 2025. This week Kelly shares how this legislation affects Medicare and if you’re over 65 how your employer plan may be impacted.  Interesting Reads CMS.gov Medicare Prescription Payment Plan Forbes.com What to Do if the $2000 cap jeopardizes your employer coverage Healthinsurance.org Obamacares Subsidy Cliff...

Most people have been told they wouldn’t need life insurance once they retire, but is that true for everyone? This week Kelly talks about who might still need life insurance in their retirement years and also shares a few ways to use life insurance in ways you may not have thought about.   Interesting Reads:   Investopedia.com: Do I Still Need Life Insurance After I Retire? Marketwatch.com: How to...

It’s hard to escape the noise that the surrounds the Presidential election. This week on the show we address some of the fears surrounding how election results impact your future retirement plans and what you should do about it.   Interesting Reads https://www.investopedia.com/investors-election-year-worries-could-be-overblown-experts-say-8410521 https://news.nationwide.com/101123-nearly-half-of-i...

This week on week on Retire Well Kelly will be answering questions from our listeners. We’ll be covering topics on Medicare, Income planning and mortgages in retirement.  These are the questions that our Retire Well community wants to know!  Interesting Reads SSA.gov Apply For Extra Help Aging.pa.gov Apply for Pace or Pacenet SSA.gov IRMAA Appeal SSA-44 Nerdwallet.com IRMAA Brackets Kiplinger.com...

This week on Retire Well, we’re taking on the subject of long-term care. With 10,000 baby-boomers turning 65 every day, a care crisis is looming, and your retirement plan should be ready. Kelly will dive deep into the increasing aging population, different ways to receive your care and strategies to cover the cost.  Interesting Reads KFFHealthNews.org:Dying Broke A KFF Health News & NY Times P...

This week on Retire Well, Kelly shares some truth on annuities. We’ll dive deep into the pros and cons of using annuities in retirement, why these products are so misunderstood and when they might make sense for your retirement. Interesting Reads Kiplinger.com: Retirees with Guaranteed Income Are Happier Knowledge at Wharton: Why Retirement Gets Better With Annuities USA Today: Annuities Are the K...

This week on Retire Well we explore why having the ability to pivot when life throws your plans of track is vital to your retirement success. Having an element of flexibility will allow you to make necessary adjustments and help you to feel more confident in your plan. Interesting Reads Ssa.gov: Retirement Ready Kiplinger.com: Retirees with Guaranteed Income Are Happier   Investopedia.com: Black S...

This week on Retire Well we dive into the one of the biggest retirement questions; should you delay filing for Social Security or file early. Kelly shares insights on why it may be a good idea to delay filing your benefits and why claiming early might be the right choice for you.  Interesting Reads SSA.gov: Early or Late Retirement?   SSA.gov: Benefit Amounts   SSA.gov: Benefits for Spouses Kelly...

Retire Well is back with a brand new episode. This week Kelly shares information on the inflation we are all experiencing and why it’s especially important for retirees to account for rising costs to ensure retirement success.  In this episode we dive into what's causing the inflation problem today, what you can expect going forward and what you can do to preserve your retirement stability. I...

This week’s episode tackles the common fear of spending in retirement. We’re taught all through our working lives to save and sacrifice so that we can have a good retirement, but no one tells us how to flip the switch to become spenders.    Interesting Reads Research Show Retirees With Guaranteed Income Are Happier… Center For Retirement Research: What Makes Retirees Happy  Kelly is the agency own...

  Episode 29 Roth Conversions: To Convert or Not To Convert Roth conversions are all the rage, but are they right for your retirement? This week Kelly explores when you might decide to pass on the Roth opportunity.   Interesting Reads Nerd Wallet: What is the Medicare IRMAA for 2024 IRS.gov: Non-deductible contributions Ed Slott IRA Expert: IRA Help Pro Rata Rule Explained Backdoor Roth IRA: What...

Paying income taxes is part of life, but good tax planning in retirement can go a long way to making your money last longer.  On this week’s episode Kelly talks about estate taxes, the widow’s tax and Roth conversions. Interesting Reads 2024 Federal Estate Tax Exemption Kiplinger: Don’t Let the Widow’s Penalty Blindside You. Backdoor Roth IRA: What Is It and … Kelly is the agency owner of Hometown...

Episode 27 Show Notes Episode 27 Taxes and Your Retirement  Paying income taxes is part of life, but good tax planning in retirement can go a long way to making your money last longer.  On this week’s episode Kelly talks about how your tax situation can change in retirement and how good tax planning can benefit both you and your heirs. Interesting Reads Tax Cuts and Jobs Act   The Secure Act   How...

Do you think estate planning is only for the wealthy? Think again! This week on the show Kelly talks with Bo Moore about the importance of planning for your estate to pass on to the next generation. Proper planning will go a long way in maintaining the peace and harmony in your family and protecting your family legacy. Kelly is the agency owner of Hometown Retirement Specialists, LLC. She speciali...

Episode 25 How Does Medicare Pay for Cancer Care Increased age is the greatest risk factor for cancer. Nearly 60% of cancer patients are aged 65 or older. So it’s an important consideration for your retirement planning, especially when it comes to Medicare planning. This week on the show, Kelly share’s how Medicare pays for cancer treatment and where you might run into some unforeseen expenses. Ke...

This week on the show, Kelly shares the Top 3 mistakes that most people make when it comes to planning their estate. Life changes and so should your plan. Kelly will be presenting her Enhanced Planning Workshop at the Young Peoples Community Center in Ebensburg on January 23 rd at 11am and 24 th at 6pm. Call Hometown Retirement Specialists 814-419-8424 to register. Kelly is the agency owner of Hom...

This week on the show, Kelly discusses the changing landscape of retirement. Retirement as we know it is changing. American’s are living longer than ever before and planning for the next 30 years goes beyond the funding of retirement. Many approaching retirement are asking themselves if the traditional notion of retirement is for them. In today’s episode we explore ideas for easing into retirement...

This week is a special episode just in time for the holidays. Kelly will be sharing nuggets of retirement wisdom shared by her longest-lived clients. You won’t want to miss this episode!  Kelly is the agency owner of Hometown Retirement Specialists, LLC. She specializes in working with retirees and those who are approaching retirement age. Kelly has a deep understanding of the unique challenges an...

This week Kelly shares another important conversation with Bo Moore of Seven Mountains Media in Johnstown about planning for long-term care and why it’s important to plan ahead of time. Statistics show that 70% of retirees over the age of 65 will need some type of future care. Kelly shares some options on how you can best protect your retirement. Kelly is the agency owner of Hometown Retirement Sp...

It seems like the buzz word in the financial world these days is Roth IRAs and Roth Conversions. So what’s all the hype? This week on the show, Kelly shares when it might make sense to pay the tax now for the potential for tax free distributions in retirement; and how even high earners can get in on the benefits of a Roth IRA. Got an idea for the show…. We want to hear it! Email info@yourHRSagent....

The holiday season can be stressful when you’re on a fixed income. On this week’s episode Kelly shares some tips on how you can spend wisely this year. Kelly is the agency owner of Hometown Retirement Specialists, LLC. She specializes in working with retirees and those who are approaching retirement age. Kelly has a deep understanding of the unique challenges and opportunities that retirees are fa...