Retirement Planning - Redefined

We spent last podcast talking about what exactly a Roth conversion is. Today we will examine a financial plan and see how implementing Roth conversions can potentially improve this situation.   Case Study Before Implementing Strategy: Dual income Household: Ages 55 & 53  Existing Accounts: $500k Pre-Tax 401k Funds $25k Roth IRA Funds $50k Cash Mortgage on the home – paying extra on mortgage ($250/...

With our tax brackets being at historically low rates, many people are looking at implementing Roth conversions in their plan. John and Nick will explain what exactly this concept is and how this may be able to save you some dollars on taxes in the future. Helpful Information: PFG Website:  https://www.pfgprivatewealth.com/ Contact: 813-286-7776 Email:  info@pfgprivatewealth.com For a transcript o...

On this week's episode, we check in with John and Nick on how things are going personally with their families, communities and clients. Helpful Information: PFG Website:  https://www.pfgprivatewealth.com/ Contact: 813-286-7776 Email:  info@pfgprivatewealth.com For a transcript of today's show, visit the blog related to this episode at  https://www.pfgprivatewealth.com/podcast/ Transcript of Today'...

Today our discussion revolves around bull and bear markets. We will break down the basics of what each of these types of markets mean and take a look at some historic trends that are relevant to this topic. Helpful Information: PFG Website:  https://www.pfgprivatewealth.com/ Contact: 813-286-7776 Email:  info@pfgprivatewealth.com For a transcript of today's show, visit the blog related to this epi...

It can be tough to see the silver lining in times of volatility, but when the market is down oftentimes there are some great investing opportunities. John and Nick give us some key tips on how to take advantage of a down market. Helpful Information: PFG Website:  https://www.pfgprivatewealth.com/ Contact: 813-286-7776 Email:  info@pfgprivatewealth.com For a transcript of today's show, visit the bl...

We talked last time on some of the financial impacts the Coronavirus had caused, but now we will discuss how to plan to get through tough times and market downturns. John and Nick will talk about a few suggestions they have when they see situations like this and how to withstand a volatile market. Helpful Information: PFG Website:  https://www.pfgprivatewealth.com/ Contact: 813-286-7776 Email:  in...

The Coronavirus (COVID-19) is having a dramatic impact on our daily lives and many people are taking a huge financial hit from lost wages, a volatile stock market, and general economic uncertainty. Congress recently passed the CARES Act to try and help alleviate some of the financial impacts. John and Nick will give us the rundown on this new bill. https://floridadisasterloan.org/ https://www.sba....

Last week we covered the basics of the traditional IRA and today we will shift our focus to the Roth IRA. John and Nick will once again explain the basics to this investment vehicle. We will also compare and contrast the Roth IRA to the traditional IRA. Helpful Information: PFG Website:  https://www.pfgprivatewealth.com/ Contact: 813-286-7776 Email:  info@pfgprivatewealth.com For a transcript of t...

We cover the basics on the traditional IRA. John and Nick will break down what this investment vehicle is for and how it may be able to benefit you. Helpful Information: PFG Website:  https://www.pfgprivatewealth.com/ Contact: 813-286-7776 Email:  info@pfgprivatewealth.com For a transcript of today's show, visit the blog related to this episode at  https://www.pfgprivatewealth.com/podcast/ Transcr...

We continue our conversation about the SECURE Act. Another big piece to this new law is the removal of the stretch IRA. Nick walks us through the things we need to know about this big change. Helpful Information: PFG Website:  https://www.pfgprivatewealth.com/ Contact: 813-286-7776 Email:  info@pfgprivatewealth.com For a transcript of today's show, visit the blog related to this episode at  https:...

After it simmered in Congress for a year, the SECURE Act is now law. If you have a retirement account of any kind, or will one day inherit a retirement account, this will affect you. Today Nick will discuss the details around the new age specifications. Helpful Information: PFG Website:  https://www.pfgprivatewealth.com/ Contact: 813-286-7776 Email:  info@pfgprivatewealth.com Transcript of Today's...

Today is part 5 of our social security series and we will focus on the survivor benefit option. We will talk about a few situations that can arise and share a couple of client stories that have revolved around this topic. Helpful Information: PFG Website:  https://www.pfgprivatewealth.com/ Contact: 813-286-7776 Email:  info@pfgprivatewealth.com Transcript of Today's Show: ----more---- Speaker 1: B...

Today's show is part 4 of our social security discussion. Our topic today is spousal benefit options. John and Nick will walk us through the ins and outs of this facet of social security and offer their advice. Helpful Information: PFG Website:  https://www.pfgprivatewealth.com/ Contact: 813-286-7776 Email:  info@pfgprivatewealth.com Transcript of Today's Show: ----more---- Mark: Hey everybody, we...

This is part 3 of our social security conversation. This week we talk about what aspects you should consider before you decide to start taking social security. Everybody's situation is different, but this may help you get a better idea on when you should start reaping your benefits. Helpful Information: PFG Website:  https://www.pfgprivatewealth.com/ Contact: 813-286-7776 Email:  info@pfgprivatewe...

We continue our discussion on social security this week. Today's show will focus on how you can integrate social security in your retirement plan and some variables you may need to look out for when doing so. Helpful Information: PFG Website:  https://www.pfgprivatewealth.com/ Contact: 813-286-7776 Email:  info@pfgprivatewealth.com ----more---- Transcript of today's show: Speaker 1: Thanks for com...

Today is the start of a multiple part series on social security. We'll be discussing topics such as the state of the fund and reforms that are aimed to help the program and more, so tune in and catch up on social security. Helpful Information: PFG Website:  https://www.pfgprivatewealth.com/ Contact: 813-286-7776 Email: info@pfgprivatewealth.com ----more---- Transcript of today's show: Mark: Hey ga...

It's time for part 3 of our discussion about one of the most challenging parts of transitioning into retirement, dealing with the fact that you're no longer receiving a paycheck from work. Today, we'll discuss specifically how to turn your nest egg into paychecks with strategies like living off of dividends and using an income floor. Helpful Information: PFG Website:  https://www.pfgprivatewealth....

It's time for part 2 of our discussion about one of the most challenging parts of transitioning into retirement, dealing with the fact that you're no longer receiving a paycheck from work. Today, we'll discuss specifically ways to get more comfortable with the transition from working to retirement. Helpful Information: PFG Website:  https://www.pfgprivatewealth.com/ Contact: 813-286-7776 Email: in...

One of the most challenging parts of transitioning into retirement is dealing with the fact that you're no longer receiving a paycheck from work. So today we'll discuss how to make that process as smooth as possible, as well as talk about some of the common feelings and missteps that many people face. ----more---- Here is a transcript of today's episode: Marc Killian: Hey everybody. Welcome in to...

As the financial industry has changed, the role of the financial advisor has also changed in order to fit the needs of today's retirees and pre-retirees. So let's talk about some of the crucial elements that your advisor should be providing you with in a retirement plan, as well as how you can spot an advisor that may not have your best interests in mind. ----more---- Here is a transcript of today...

Things are changing in the financial world, and they're changing for the better. This week, we'll look into how advisor fee structures have changed, and we'll talk about why more and more advisors are becoming independent fiduciaries and separating themselves from the larger wirehouses. We'll also explain the difference between the suitability and fiduciary standards, and discuss why holistic plan...

On this inaugural episode of the Retirement Planning Redefined podcast, we'll get to know your hosts a bit better. We'll find out how they got involved in the industry, how their partnership formed, and what experiences have shaped their financial and investment philosophies. ----more---- Here is a transcript of today's episode:   Marc Killian:                        The rules of retirement have c...

Coming soon: It's a new podcast helping you plan for your financial future and retirement.  It's Retirement Planning Redefined with the team at PFG Private Wealth Management. Each week, John Teixeira and Nick McDevitt will bring you common sense planning guidance and advice to help you stay on the right track to get to and through retirement. Listen to this quick preview of what's to come on futur...