Retirement Rescue Radio

Nate discusses the new Social Security COLA, some end of year IRA planning, and some thoughts around what needs to happen to lower inflation and set 2023 back on track.

Nate discusses some myths surrounding annuities and attempts to shine more of a balanced explanation of when they could be a useful tool during retirement.

Millennials want to retire at 50, but aren’t saving nearly enough, and studies show that a lot of people plan to work in some fashion in retirement. Sources: NY Times , CNBC

Nate discusses the recent student loan forgiveness and what that could mean for your retirement. Sources: Kitces.com Note PD Best Colleges NCES.ed.gov

Nate discusses 5 specific tax strategies to help retirees lower their overall lifetime tax liability, and gives examples of combining strategies to make an even bigger impact on your tax bottom line.

Nate discusses a couple articles and gives his perspective on a survey of over 1000 American adults and shares his thoughts on doing a cash out refinance of one’s home. Sources:  kitces.com - Weekend Reading for Financial Planners July 30-31 kitces.com - Consumers are Keeping More Cash on the Sidelines

Josh asks Nate his opinion on a variety of financial and retirement topics. Key takeaways and questions: Savings for college in a 529 Do I need life Insurance? Should I sell mom’s house before she goes into a nursing home? Source: ThinkAdvisor

Nate gives perspective around bear market declines to help give peace of mind for investors today. Key takeaways: Is a recession coming? When does a market enter a bear market? How often to bear markets happen? Source: Hartford Funds

Nate and Richard discuss several aspects of retirement including midlife financial crisis, keeping a schedule even when retired, and ways to discern whether or not the information that you find online could be biased. You can follow Richard on Twitter and LinkedIn ! Check out Richard's podcast,  Friends Talk Money , available on Apple Podcasts . You can also Richard's Marketwatch Blog: The View fr...

Nate & Don discuss why your identity is not defined by what you get paid to do.   Key takeaways: What is an actuary? “Life Two” Book Working in retirement How do figure out “what to do” in retirement Fear of running out of money Short term vs long term happiness

Nate sheds light on the confusion surrounding the IRS’s Roth IRA 5-year rule. Three types of Roth accounts this affects: Contributions Conversions Inherited   IRS pecking order of withdrawals Contributions first Conversion second Growth or earnings third

Nate discusses some of the new interpretations behind the 10 year distribution rule of IRA money after the passage of the Secure Act, and the consequences of getting it wrong. Source: https://www.thinkadvisor.com/2022/03/14/ed-slott-new-irs-secure-act-regs-are-an-rmd-nightmare/ Key takeaways: Stretch IRA Types of Beneficiaries Trusts Roth IRA Spousal Rollovers

Nate and Josh discuss questions received through the podcast email inbox. Key takeaways: Life Insurance Bank Assets Big Purchases in Retirement Home Equity Loans Policies and plans for grandkids Inflation Market corrections

(This is a hypothetical example provided for illustrative purposes only; it does not represent a real life scenario, and should not be construed as advice designed to meet the particular needs of an individual's situation. Cannot guarantee the accuracy or completeness of the software used to display results or the outputs.  Please remember that converting an employer plan account to a Roth IRA is...

Nate and Josh discuss questions received through the podcast mailbox. To ask a question, simply email asknate@retirementrescueradio.com Key takeaways: Pensions Retirement Income Analysis Saving in Retirement

What we’ve been told about the tax savings in these plans is a lie. Key takeaways: How did they sell it to us? Who stands to benefit from it? Nate gives a hypothetical example of how one could potentially end up paying more taxes in retirement that you saved during your working career! What to do instead to help avoid that happening. What amount should you have in these plans when you retire to he...

Yani is co owner of Unity Gym and helped develop the “Foundational Movement System.”

Nate shares tips for setting and achieving New Year’s resolutions or as he calls them, goals. He also share some of his own goals and thought processes that he goes through to make sure that he is successful with his own. Source: https://www.goskills.com/Soft-Skills/Resources/Top-10-new-years-resolutions Key takeaways: How to set measurable goals New Year’s Resolutions Money Fitness

Nate has a little fun going over 20 quotes about money and quizzes you on who it’s attributable to. Test your financial “knowledge”! Source: https://www.wealthmanagement.com/people/how-well-do-you-know-famous-money-quotations/gallery?slide=1 Key takeaways: Time is money Quotes on money Test your financial knowledge! Investing Share values

Nate interviews Dorian Mintzer on the bonus years and how to find happiness in retirement. Resource List – https://revolutionizeretirement.com/giveaway/ Free Monthly Webinar - https://revolutionizeretirement.com/bandbsig/ Book: https://www.amazon.com/Couples-Retirement-Puzzle-Must-Have-Conversations/dp/1402295901/ref=sr_1_3?keywords=the+couples+retirement+puzzle&qid=1638988940&sr=8-3 Key t...

Nate discusses money and when to determine how much money is enough for retirement. Source: Psychology of Money book by Morgan Housel Key takeaways: How much money is too much? Billionaire Circle Ponzi Scheme Happiness in retirement

Nate congratulates and highlights two clients from Miller Retirement Group for running 50 marathons together as a couple. Source:   https://www.fa-mag.com/news/prepare-to-live-on--33-000-a-year-if-you-retire-with-a--1-million-portfolio-64906.html?section=43&utm_source=FA+Subscribers&utm_campaign=047a98a3d6-FAN_AM_Send_052220_A-B+Split_COPY_01&utm_medium=email&utm_term=0_6bebc79291-...

Nate and Josh discuss questions received through the podcast. If you have questions, email them to us at asknate@millerretirementgroup.com Key takeaways: Should you sell your parent’s house? Long term care Medicaid Filial Law Selling a farm before retirement Mortgage in retirement

Nate discusses excerpts from the Psychology of Money book by Morgan Housel. Click here to order Morgan Housel's book The Psychology of Money! Key takeaways: Psychology of Money What shapes our psychology of money? Debt Inflation

Nate dissects a few excerpts from the book “The Psychology of Money” by Morgan Housel. Key takeaways: IQ, AQ, EQ Ronald Reed Financial success Relationships with Money