Your Retirement Radio With Kevin Madden

In this episode, Kevin delves into the complex world of pension decisions, addressing the concerns of a 60-year-old listener who is pondering retirement. Kevin offers insights into the options available for individuals with pensions and provides valuable advice on how to maximize retirement income while considering factors like leaving a legacy. Whether you're considering pension choices or seekin...

Today, we tackle a question that looms large in the minds of many pre-retirees: What should you do with your 401(k) when retirement is on the horizon? It's a question that deserves careful consideration, and Kevin shares his expertise on the matter. Kevin starts by addressing a recent Vanguard study, which found that 30% of people cash out their 401(k) plans at age 50 or later. Is this a good idea...

In this episode of the Your Retirement Radio Show, Kevin discusses the new rule that will require high-income earners to put their catch-up contributions into a Roth 401(k) starting in 2023. He also talks about the benefits of Roth 401(k)s and how they can help you save for retirement. Kevin shares the story of a client who was able to save thousands of dollars in taxes by contributing to a Roth 4...

On todays episode, Kevin discusses the pros and cons of waiting to start collecting Social Security benefits. He explains how delaying benefits can lead to a higher monthly payout, but it's important to consider your individual circumstances before making a decision. Kevin also talks about the importance of having a financial plan in place, and how Social Security can be a part of that plan. He sh...

    Kevin and his team dive deep into two crucial topics: headlines that can often send mixed signals about retirement savings and the Roth IRA as an ideal tool for tax planning. Kevin shares his insights on how to assess if you're on track for retirement and highlights the importance of personalized planning tailored to individual needs and circumstances. The episode further explores the power of...

In this episode, Kevin Madden delves into the pressing concerns about the economy's uncertain trajectory. With mixed signals circulating, Kevin highlights a recent interview with economist Stephanie Palm Boy, drawing parallels between the current economic landscape and the 2008 financial crisis.  Amidst the market volatility and economic uncertainty, Kevin emphasizes the importance of a well-balan...

Join Kevin Madden and Jessica in this episode of "Your Retirement Radio" as they discuss the importance of fixed income strategies and creating a financial road map for retirement. Gain insights into market conditions, risk assessment, and the benefits of guaranteed income streams. Discover how independent financial advisors like Kevin can help you achieve a secure retirement. Tune in now! Get You...

The Federal Reserve keeps raising interest rates to try and tamp down inflation.  The latest hike brings us to 3.25%.  Billionaire hedge fund manager Ray Dalio says that if the rate reaches 4.5%, the stock market will sink by 20%.  Do you see the Fed backing down over the next few months and if they don’t, how can you help us stop another 20% loss in our accounts? Get Your Complimentary Retirement...

If you have a traditional IRA or 401(k), you could run into a tax problem.  That’s why you hear people converting those funds to an after-tax Roth IRA a little bit at a time before retirement. How easy or difficult is it to do this?  At what age should someone consider making the conversion? Kevin explains and gives an example of how he can help you!    Get Your Complimentary Retirement Roadmap!  ...

Do you have an income plan as part of your retirement picture? Sounds like a simple question - but the answer may surprise you! Then, are bonds back in favor?    See omnystudio.com/listener for privacy information.

Americans are living longer and there’s always the fear of running out of money in retirement.  But one way to safeguard against that is an annuity, which offers a guaranteed income stream for life.  So how do annuities “befriend” the so-called enemies of retirement?  See omnystudio.com/listener for privacy information.

Over the last few years, we’ve talked about people putting money in a rising stock market due to “FOMO” - the fear of missing out.  We’re now seeing interest rates rise to levels we haven’t seen in 20 years, making fixed income products, like annuities very popular. Kevin explains what an annuity is and how it can be beneficial to your income plan.  If you want a customized Retirement Roadmap wher...

We can argue all day whether a recession is coming.  And if it does, some of the experts in a Wall Street Journal poll say developing an alternate income stream is one way to guard against it. How can Kevin help YOU create alternate income that is protected against a volatile market?   The happiest people in retirement are the ones that have that guaranteed income every single month. Charles Barkl...

I found an article where the author put retirement savers into three categories:  Over funded , underfunded , and constrained investors .  A constrained investor is one who has saved, but they can’t afford to make any mistakes.  There’s no wiggle room.  The article suggested this formula: Take how much you need per year divided by how much you’ve saved.  If that number is more than 3%, you are a c...

A new poll (by Retirable) shows many Americans are hoping for the best when it comes to having enough money for retirement.  It found 64% of retirees do not feel like they’ve saved enough to get them through, and more than half expect to take on a part-time job to make ends meet.  Have you had new clients come in with this attitude, only to find out after running the numbers that working part-time...

Massive layoffs in the tech world have been grabbing headlines lately.  Companies like Google, Meta and Amazon are letting workers go by the thousands.  Just a few years ago, many were looking at finishing their careers with these jobs.  If someone is close to retirement – and that ‘forever job’ is becoming less stable – what can they do now to prepare for an unplanned retirement and still get gua...

I ran across a rather shocking statistic.  Over 90% of financial advisors do not last three years!  The most common reasons they quit are lack of fulfillment, difficulty finding clients and burnout.  But you’ve withstood the test of time. What is different about you and your approach that’s lasted 30+ years? Over the next 20 years, about 70 trillion dollars will pass from baby boomers to their hei...

You've worked so hard to have the ultimate retirement, do you think you will leave a legacy to your kids/ grandchildren? Entertainer Marie Osmond is a proud mother – and grandmother – at age 63.  But she tells US Weekly that there’s one thing she’s made clear to her adult kids – they won’t be getting an inheritance! Osmond plans to give away most of her fortune to help others.  Do you have any cli...

Sales of annuities have soared as interest rates go higher, because they yield better returns .  But some annuities have a reputation of high fees .  Should we be concerned about that when an annuity offers a stream of guaranteed income?   Is an annuity a fit for you? Call Kevin today for an Annuity Stress test! See omnystudio.com/listener for privacy information.

For many, planning for retirement is overwhelming and choosing who to trust with your life savings is easily one of the biggest decisions you will ever make. With over three decades of experience hear why you're already at an advantage when you work with Kevin!   Call Kevin today for a Complimentary Consultation!  See omnystudio.com/listener for privacy information.

Sometimes a rocky economy is like a football game.  Market volatility, high inflation and the threat of recession can tackle even a good retirement plan and throw it for a huge loss.  So, is there a tool that can withstand these threats?  Kevin discusses different tools and strategies that help you protect and grow your income.  A recent survey (by GOBanking Rates) shows that many Americans are in...

When your teacher gives you a bad grade, that’s not good.  But when a professor at the Wharton School of Business says the Federal Reserve is failing, that’s not good.  The higher interest rates are hurting our market-based money.  Do these rates have any positive side that could help our retirement accounts? Wall Street will tell you that the stock market will average a 7% return over time.  But...

Americans think they’ll need more money to retire.  A new survey (by Northwestern Mutual) shows the new ideal amount is $1.25 million.  That’s an increase of 20% over last year.  The same poll also found more than a third have not addressed the possibility of outliving their savings.  Isn’t that a bigger issue than finding the ideal “number?”   See omnystudio.com/listener for privacy information.

What’s the magic number to retire?  A new survey (by Northwestern Mutual) shows Americans now think they need at least $1.25 million to retire comfortably.  That’s 20% more than last year.  You can thank inflation and volatility in the financial markets as the main reasons why.  Have you seen people put off retirement trying to reach a number… and they didn’t have to? Then, the Morningstar financi...

Best-selling financial author Larry McDonald tells Fox Business that he believes the Fed will soon back down on these hikes, and that will give way to a market rebound. How does a 4 to 6% inflation rate change a financial plan for the next five years?  Call Kevin today for your customized Financial Roadmap!  See omnystudio.com/listener for privacy information.