Retired-ish

I'm joined again by Long-Term Care expert, Hospital Discharge Planner, and Geriatric Care Manager Eileen Dunn where we guide you through what to expect during the claims process for long-term care insurance. More specifically, Eileen and I discuss: When is it time to make a long-term care insurance claim? What are some reasons why someone may be denied a long-term care insurance claim? How long do...

I'm joined again by Long-Term Care expert, Hospital Discharge Planner, and Geriatric Care Manager Eileen Dunn where we educate you on how to determine how much long-term care insurance you may need, and what factors you should consider. More specifically, Eileen and I discuss: Factors that influence the amount of long-term care insurance you may need How to find the cost of care in your area How t...

I'm joined again by Long-Term Care expert, Hospital Discharge Planner, and Geriatric Care Manager Eileen Dunn where we discuss the basics of long-term care insurance and the Long-Term Care Partnership Program. More specifically, Eileen and I discuss: Why should you consider long-term care insurance? What does long-term care insurance pay for? Common types of long-term care insurance policies Cost...

What is long-term care & how does it work? In this episode, I'm joined by Long-Term Care expert, Hospital Discharge Planner, and Geriatric Care Manager Eileen Dunn to educate us on the basics and realities of long-term care from a "boots on the ground" perspective. More specifically, Eileen and I discuss: What is Long-Term Care? What Qualifies Somebody for Long-Term Care? Does Medicare Pay for Lon...

In this episode I'm joined by mortgage lending expert John Stanfield with Viewpoint Financial as we dispel some of the myths about rental property investing so you can decide how you want to approach  given your own situation and investing preferences. And while a portfolio of rental properties can absolutely generate wealth and income in retirement, there is no one size fits all solution as every...

At some point nearing retirement, retirees often wonder: Are annuities a good idea for retirees? The internet and world-at-large is full of conflicting information about annuities, and whether or not they make sense for today's retiree. The topic of annuities is definitely an interesting one since many retirees are in one or two camps: They either don't know much at all about them, Or they complet...

Plain and simple, your retirement income plan will make or break you in retirement. In this episode, we discuss the importance of creating an actual plan that focuses solely on how you will get your income in retirement, and the greatest risks your income will face. An appropriately structured income plan is crucial so that you can avoid entering retirement being uncertain about how much you can s...

In this episode, we show you how to spot shadow taxes which are hidden taxes you may pay without a trained eye. These are taxes and penalties hidden from plain sight that many people pay, although there are numerous ways to reduce or avoid them entirely. More specifically, I discuss: The Repayment of Advanced Excess Premium Tax Credit The Net Investment Income Tax Medicare IRMAA Surcharges on Medi...

In this episode we will go through a process that will help you figure out what to do when an elderly parent or a spouse dies.   This is especially useful if you are the named executor of an estate, or trustee or successor trustee of a trust for the deceased since you will be the one who will aid in determining and/or delivering on their wishes. More specifically, I discuss: What immediate tasks m...

Bonds are very misunderstood by most retirees and investors alike simply because they don't get much love and attention, but bonds are actually very simple, more-so than stocks. In this episode, I teach you some interesting, exciting, and actionable things about them you may not have known that can help you. My goal is for you to better understand the role bonds can play in your portfolio, and whe...

Estate planning in retirement can be a daunting task. The problem is that most of us put off this aspect of retirement planning because it doesn't raise an immediate need. The truth is that estate planning is much more than a will and trust and can have a dramatic effect on your legacy, for better or worse. In this episode we discuss what estate planning is, and the little things you can do to pas...

Roth conversions are a great strategy that you can use to help build up your "tax-free" bucket in order to provide you with more flexibility in retirement. Having more tax-free money can help you avoid tax time-bombs, maintain some control of your taxable income in retirement, or even be used as an excellent legacy to pass down to heirs. More specifically, I discuss: Our upcoming "Retirement Plann...

Medicare is a daunting program to understand for most retirees. In this episode we break down the different components and additional coverage options in layman's terms. Having a good understanding of the different options and various costs components can provide you with more confidence in your healthcare plan during retirement. More specifically, I discuss: What is Medicare, and what are the mai...

The greatest threat to your life savings is lurking in the shadows ready to strike when you least expect it. This threat presents itself when going from saving to spending your retirement nest-egg - which is nerve wracking for a new retiree. This phase of your financial journey is far more complicated than simply putting money away year-in and year-out and is susceptible to major threats such as s...

There are many nuanced factors to consider when creating a retirement investment portfolio. In this episode I go over some of the more important foundational building blocks, and how to begin the process of creating a retirement portfolio for you. More specifically, I discuss: Identifying a specific purpose for your different accounts, based on your financial plan Factoring in personal preferences...

Financial markets are scary… and we humans make decisions largely based on our current emotions. Mixing those two things together, and you get a toxic concoction. Investing should be based upon us acting on our own rational and intellectual thoughts, but it hardly ever is… So rather than staring at markets and making emotional decisions, what can we actually do to better the outcomes of our financ...

Taking the proper steps early to prepare yourself for one of life's biggest transitions can alleviate much unwanted stress and…save you money. In this episode I continue the conversation on taxes and how they can be paid in retirement, what to do with your retirement accounts when you retire, and some tips to help you make healthcare decisions around retirement. More specifically, I discuss: Estim...

Taking the proper steps early to prepare yourself for one of life's biggest transitions can alleviate much unwanted stress and…save you money. The first step in preparing for retirement is determining if you are actually ready. In this episode I go over what you can do to determine your retirement readiness along with a host of other important financial planning considerations. More specifically,...

Let's go over two little known Social Security strategies and the long-term implications of each. In this episode, I discuss why Social Security is paying out lump sum payments to retirees and the pitfalls of taking the payment, as well as a strategy to tap into benefits early and rebuild them later. I also review tax and estate planning issues that may be caused as a result of implementing these...

Episode #2: How to use tax gain AND loss harvesting to your advantage. If done appropriately, tax gain/loss harvesting can help you reduce taxes, thereby keeping more money in your pocket which can help you increase your net worth! More specifically, I discuss: Tax loss harvesting with examples Tax GAIN harvesting with examples Capital gains and losses When it's a good idea to implement this tool...

Episode #1: Don't add the IRS to your list of beneficiaries! Here are 5 of my favorite tax and estate planning tips when it comes to retirement accounts including IRAs and employer plans! You'll also learn: What your Required Beginning Date or RBD is, and why it is so important What is a Required Minimum Distribution or RMD, and how it affects your financial planning My goal for these retirement t...

Retired-ish is the retirement podcast for those exploring retirement and those currently in retirement. The retirement ideas and strategies discussed are focused around preparing for one of life's biggest transitions, and how to preserve the wealth that you have worked so hard to achieve!   This educational podcast was created to provide you with confidence in your retirement planning decisions.  ...