The Savvy Investor Podcast

Mike discusses the frustrations with RMDs and fees associated with retirement accounts, and why tax planning is important when building a retirement plan. Mike highlights why in-depth tax planning is necessary to potentially achieve a 0% tax bracket in retirement. Want to begin building your retirement plan? Schedule a call with us here: 📅 https://bit.ly/3Rq2d9i Follow us for more helpful insight...

Mike dives into how required minimum distributions work and how they can possibly lead to higher tax brackets in retirement. He emphasizes the need to minimize taxes and create tax-efficient income streams. Mike also touches on the challenges of managing RMDs and the penalties for not taking out the correct amount. Want to begin building your retirement plan? Schedule a call with us here: 📅 https...

Mike and Ryan discuss the DOW Jones recently breaking the 40,000 mark and the impact of market fluctuations on retirement planning. They emphasize the importance of tax planning and taking control of tax bills during retirement. Mike and Ryan also cover strategies for minimizing tax liabilities and optimizing income from the sale of a business. Want to begin building your retirement plan? Schedule...

Mike and Ryan delve into the implications that government spending can have on your taxes, and the potential shock that may come when taxes increase after the Trump tax cuts expire. They also discuss the need for tax efficiency and the potential savings that could come from strategic financial planning in retirement. Want to begin building your retirement plan? Schedule a call with us here: 📅 htt...

Ryan Herbet discusses the potential impact of healthcare and long-term care expenses on retirement savings and the transfer of wealth to future generations. He highlights the need for tax planning and what the tax implications may be of passing wealth down to children. Ryan also explores alternative options for funding long-term care and the challenges associated with it. Want to begin building yo...

Retirees are getting anxious about the unrest in the world, upcoming elections, and out-of-control government spending. Warren Buffett advises against making investment choices based on short-term headlines and instead focuses on predicting what will happen in the next 10 years. The stock market is unpredictable and reacts to various factors, making it difficult to determine its direction. In this...

What are the tax consequences of working longer in retirement to gain more income? In this episode, Ryan discusses the impact of taxes on retirement income and the importance of tax planning. Also, Ryan explains how Roth conversions can be a valuable strategy to save on taxes in retirement. Want to learn more about tax planning and if Roth conversions are right for you? Schedule a call with us her...

Having a 401k does not automatically mean you have a substantial retirement fund. While a 401k is a tool to save money for retirement, it doesn't guarantee a successful income plan. In this episode, Mike and Ryan explain why people may lack the necessary knowledge and guidance to make informed decisions about their 401k, and discuss the important things to look out for when developing a retirement...

Tax planning is a crucial aspect of financial planning, as taxes may significantly impact retirement savings. In this episode, Ryan Herbert tells us where Maryland stands compared to other states regarding tax rates. Learn about how where you live can affect your overall retirement plan and the importance of properly preparing a tax strategy. Want to learn more about your tax situation? Schedule a...

Diversifying tax buckets is important when minimizing tax implications. A plan that considers the lowest tax bracket today and throughout retirement is essential to understand when aiming for tax efficiency. In this episode, Mike and Ryan break down how different investments such as annuities have varying tax implications, and why preserving and protecting wealth in retirement should be a goal whe...

Taxes are unfair. That’s what Ron Swanson of “Parks and Rec” taught a young student by eating most of her lunch. On this episode, Mike expresses the frustrations he has with lazy CPAs that are costing the taxpayer money they legally aren’t obligated to pay. Plus, hear about how proper tax planning may result in a lower tax bill and how those savings can be utilized in a financial plan. Want to lea...

Market corrections have a bigger impact on your 401k than you may think. That impact is more significant when you're planning for retirement. On this episode, Ryan Herbert discusses the importance of positioning yourself properly to make your life savings last regardless of a stock market crash. Plus, pensions used to be the consistent source of income that retirees relied on. Now it's the 401k. B...

How much can you withdraw from your retirement and make it last? Ryan Herbert and Lawrence Kiely discuss recent reports from talking heads saying rates range from 4% to 8% annually and why that might not be right for you. They also talk about the age-old question of how much you need for retirement and if there is a set number,  See omnystudio.com/listener for privacy information.

What are the advantages to Roth conversions and when is the right time to begin? Ryan Herbert discusses how to take advantage of taxes when moving money in your retirement accounts. He also talks about how to create a personal pension and ways to retire as a federal employee. Start your tax savings today- schedule a call with us here: 📅 https://bit.ly/3Rq2d9i Follow us for more helpful insights:...

The tax laws continue to shift and can create a problem when it comes time to file, but what can you do today to get ahead of the issue? Mike Canet and Lawrence Kiely discuss the proper way to implement a tax plan for your financial future. They also talk about how much money you need to save to cover medical expenses in retirement and why that number keeps going up.  We invite you to get your own...

They are calling it "Peak 65" but what does that mean? Mike Canet and Lawrence Kiely discuss the recent influx in retirees leaving the workforce. They also talk about the tax options that become available to you when you sell off real estate before or during retirement.  See omnystudio.com/listener for privacy information.

Will retirement cause you to go up into a higher tax bracket? Ryan Herbert and Lawrence Kiely discuss the tax options that are available to you when you are going into and through retirement. They also talk about the impact of a Presidential Election on your financial future.   See omnystudio.com/listener for privacy information.

Are you delaying your retirement? Did you know that you could be losing money because you're continuing to work? Ryan Herbert discusses the importance of retiring at the right time and how to evaluate your situation to know when to begin transitioning into retirement.  See omnystudio.com/listener for privacy information.

Getting you to retirement is different than getting you through retirement. How does the role of your financial advisor change when you decide to stop working? Ryan Herbert discusses why you should shift your financial focus and the importance of a retirement plan. He also talks about Tiger Woods recent decision to leave Nike Golf and ways to keep Uncle Sam out of your wallet.  See omnystudio.com/...

Media Mogul and Billionaire Tyler Perry shares his vision for retirement, and whether you're a federal employee or not, you might be surprised to know how similar his goals are to yours. Ryan Herbert explains the importance of having a complete financial plan and the relationship you and your family should have with the person managing your money.  See omnystudio.com/listener for privacy informati...

Are you a Federal Government employee thinking about retiring in 2024? Mike Canet and Ryan Herbert breakdown the tools available to you and the ways you can reach your financial goals in the next calendar year.  See omnystudio.com/listener for privacy information.

Have you begun planning your child's financial future yet? Do you even know what options are available to you? Mike Canet breaks down some of the best ways to get started and explains how each option works. He also discusses the difference between a 529 plan and a Roth and the new tax brackets you will see in 2024!  See omnystudio.com/listener for privacy information.

This holiday special is a compilation of Mike Canet's celebrity interviews which includes Jason Aldean, Tom Glavine, Warren Moon, Andrea Bocelli, Marshal Faulk, Bill Murray and more! They discuss Mike's favorite topic, their favorite meal from mom.  See omnystudio.com/listener for privacy information.

Former NFL Quarterback Tom Brady says he is struggling to adjust in retirement, but is it really that difficult? Mike Canet talks about the phase of transitioning from the workforce and gives tips on how to create a successful retirement plan for your life goals. He also discusses what you should be doing with dead money and why paying less taxes in retirement is a false statement.  See omnystudio...

What is "Fun-flation" and how can you make it a part of your retirement? Ryan Herbert discusses the importance of building experiences into your retirement plan that won't affect your overall plan. He also talks about the importance of tax planning for the future and what you should be doing with your 401(K) in today's market.  Don't miss an episode! Subscribe or follow today! Learn more about the...