Untangling The New Required Minimum Distribution (RMD) Rules

Retire Smarter with Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP®

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תוכן מסופק על ידי Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP®, Kevin Kroskey, Tyler Emrick, and CFA® CFP®. כל תוכן הפודקאסטים כולל פרקים, גרפיקה ותיאורי פודקאסטים מועלים ומסופקים ישירות על ידי Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP®, Kevin Kroskey, Tyler Emrick, and CFA® CFP® או שותף פלטפורמת הפודקאסט שלהם. אם אתה מאמין שמישהו משתמש ביצירה שלך המוגנת בזכויות יוצרים ללא רשותך, אתה יכול לעקוב אחר התהליך המתואר כאן https://he.player.fm/legal.

The Head Start: Embracing the Journey

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Sweat and Resilience: Balancing Chronic Migraine with Fitness Goals 35:02

לפני 13 hours35:02

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35:02

The healing power of fitness goes far beyond physical benefits—for today’s guest, it’s a form of self-expression and a celebration of what the body can do. In this episode, host Nora McInerny sits down with fitness personality Ivylis Rivera, who shares her deeply personal journey of navigating life with Chronic Migraine while holding onto her passion for movement. Ivylis opens up about the struggle of staying active while facing the fear of triggering a headache or migraine attack and the resilience it takes to keep pushing forward—a resilience that carried her through the challenging journey of finding a Chronic Migraine treatment plan that worked for her. Join Nora and Ivylis as they explore the concept of “soft living,” a philosophy Ivylis embraces—staying active, listening to your body, and building trust in oneself. Click here for Product Information, including Boxed Warning and Medication Guide, or visit https://abbv.ie/prescribing_info See omnystudio.com/listener for privacy information.…

לפני שנה 28:48

MP3•בית הפרקים

In this episode, hear Tyler Emrick, CFA®, CFP®, break down the key provisions, including the 10-Year Rule for beneficiaries and updates to RMD timelines, and how these changes impact your retirement and estate planning.

Here’s some of what we discuss in this episode:

What the SECURE Act changed when it passed in 2019 and what’s been updated since?
Which accounts are impacted by this and how does it impact taxes and estate planning?
Who are designated beneficiaries and what are the differences between eligible and non-eligible?
The 10-year rule for inheriting these accounts and what you need to know.
The new RMD rules that will begin in 2025.
Additional rules dealing with the surviving spouse, successor beneficiaries, and RMD ages.

Have questions?

Need help making sure your investments and retirement plan are on track? Click to schedule a free 15-minute call with one of True Wealth's CFP® Professionals.

http://bit.ly/calltruewealth

171 פרקים

#Trading #Business #Business News #News #Careers #Kevin Kroskey CFP® Tyler Emrick CFA® #CFA® CFP® #Kevin Kroskey #Tyler Emrick

Untangling The New Required Minimum Distribution (RMD) Rules

Retire Smarter with Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP®

23 subscribers

published לפני שנה

שתפו

MP3•בית הפרקים

Here’s some of what we discuss in this episode:

What the SECURE Act changed when it passed in 2019 and what’s been updated since?
Which accounts are impacted by this and how does it impact taxes and estate planning?
Who are designated beneficiaries and what are the differences between eligible and non-eligible?
The 10-year rule for inheriting these accounts and what you need to know.
The new RMD rules that will begin in 2025.
Additional rules dealing with the surviving spouse, successor beneficiaries, and RMD ages.

Have questions?

Need help making sure your investments and retirement plan are on track? Click to schedule a free 15-minute call with one of True Wealth's CFP® Professionals.

http://bit.ly/calltruewealth

171 פרקים

#Trading #Business #Business News #News #Careers #Kevin Kroskey CFP® Tyler Emrick CFA® #CFA® CFP® #Kevin Kroskey #Tyler Emrick

Semua episode

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One Year from Retirement: A Critical Window for Planning and Perspective 39:41

לפני 6 ימים39:41

39:41

When you're 12 months away from retirement, everything starts to feel real. From hard deadlines like pension elections and Medicare sign-ups to emotional shifts around identity and purpose, this final year before retirement can feel like a perfect storm. In this episode, Tyler Emrick, CFA®, CFP®, explores the unique challenges clients face in this transition — and how the financial planning process needs to evolve accordingly. You'll hear how True Wealth Design helps clients navigate not just the dollars and cents, but also their lifestyle risk, time horizons, and the often-overlooked emotional aspects of leaving a long career behind. Here’s some of what we discuss in this episode: 📆 Why the last 12 months before retirement matter so much. 💸 The truth about lumpy spending and how to plan around it. 💑 Pension decisions, Social Security timing, and survivor benefits. 🧠 How to navigate identity shifts and relationship changes. 📊 Why advisors should be more than number crunchers. Have questions? Need help making sure your investments and retirement plan are on track? Click to schedule a free 15-minute call with one of True Wealth's CFP® Professionals. http://bit.ly/calltruewealth…

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Should You Roth? Making the Right Call at the Right Time 31:46

לפני 27 ימים31:46

31:46

Not all Roth dollars are created equal—especially during times of market volatility. In this episode, Tyler Emrick, CFA®, CFP®, unpacks when Roth contributions, conversions, or pretax savings make the most sense, and how recent market declines may present timely Roth conversion opportunities. You'll learn how to be strategic with what assets you convert, when conversions might come with risks, and how tools like the mega backdoor Roth can help high earners build tax-free wealth. Whether you're retiring early or just looking for more tax-efficient growth, this episode offers practical guidance for getting Roth right. Here’s some of what we discuss in this episode: 🔄 Roth IRA vs. Roth 401(k) vs. Mega Backdoor Roth 📉 How market drops create conversion opportunities 💡 Using Roths strategically before Medicare or RMD age 🧾 Why tax bracket awareness is essential 🧠 Advanced strategies like asset location and timing Have questions? Need help making sure your investments and retirement plan are on track? Click to schedule a free 15-minute call with one of True Wealth's CFP® Professionals. http://bit.ly/calltruewealth…

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לפני 6 weeks51:27

51:27

Markets have been shaken by a sharp selloff, with the S&P 500 down around 15% and the Nasdaq nearly 20% year-to-date. Much of the recent volatility is being driven by escalating trade tensions and a new round of tariffs that took effect on April 9. In this episode, Kevin Kroskey, CFP®, and Tyler Emrick, CFA®, CFP®, unpack what’s driving the recent market moves — from global supply chain disruptions to shifting investor sentiment and international dynamics. Here’s some of what we discuss in this episode: 📉 Why the market hates uncertainty—and how that’s showing up now ⚖️ Risk vs. uncertainty: what’s the difference and why it matters 🔁 How “Runway” helps retirees avoid emotional investment decisions 🧰 Strategies we’re using: rebalancing, dry powder, diversification 🧠 What to do (and not do) when tempted to time the market Have questions? Need help making sure your investments and retirement plan are on track? Click to schedule a free 15-minute call with one of True Wealth's CFP® Professionals. http://bit.ly/calltruewealth…

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Don’t Panic: Navigating Market Downturns and Boosting After-Tax Returns 30:03

לפני 8 weeks30:03

30:03

If the recent market drop has you feeling uneasy, you’re not alone — but sharp swings are regularities you need to navigate. The S&P 500 and Nasdaq have both taken hits this year, but history shows that intra-year declines like these are common and something long-term investors have weathered time and again. In this episode, Tyler Emrick, CFA®, CFP®, breaks down recent market moves, highlights where diversification is working, and shares how tax strategies and disciplined rebalancing can help keep your investment strategy running smoothing and financial plan on track. Here’s some of what we discuss in this episode: 📉 Market pullbacks are normal—even healthy 📊 Diversification is your protection in volatile times 🔁 Rebalancing can improve long-term returns 💸 Tax-loss harvesting can create future tax benefits 🧠 Discipline beats emotion when markets get rocky Have questions? Need help making sure your investments and retirement plan are on track? Click to schedule a free 15-minute call with one of True Wealth's CFP® Professionals. http://bit.ly/calltruewealth…

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The Next Big Tax Shake-Up: How a New Tax Bill Could Impact You 27:22

לפני 10 weeks27:22

27:22

Big tax changes could be coming soon! On February 25, the House passed a budget resolution setting a $4.5 trillion cap for a new tax bill that could replace the Tax Cuts and Jobs Act (TCJA) before it expires at the end of 2025. But what will the new law look like, and how will it impact your financial plan? In this episode, Tyler Emrick, CFA®, CFP®, breaks down the key debates in Congress, what changes might be coming, and how you can prepare now to optimize your tax strategy. Here’s some of what we discuss in this episode: 📉 TCJA Expiration in 2026 – What happens when the current tax cuts expire? ⚖️ New Tax Bill Proposals – The biggest changes lawmakers are considering 💰 How to Prepare – What you should do now before changes take effect ⏳ Why Timing Matters – Waiting too long could cost you thousands 📊 Tax Planning for Retirement – Strategies to minimize your tax burden Have questions? Need help making sure your investments and retirement plan are on track? Click to schedule a free 15-minute call with one of True Wealth's CFP® Professionals. http://bit.ly/calltruewealth…

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The Advisor Premium: More Than Just Investment Management 36:18

לפני 12 weeks36:18

36:18

Are you leaving money on the table? For families weighing their options when choosing a financial advisor, Vanguard’s Advisor Alpha study has long been the go-to guide—and now, fresh research from SmartAsset echoes the sentiment that the right advisor could boost your net returns by over 2% annually. In this episode, Tyler Emrick, CFA®, CFP®, reveals why many advisors miss that extra edge and how True Wealth Design’s holistic approach—integrating smart investments, proactive tax strategies, and comprehensive financial planning—ensures you capture every opportunity. Here’s some of what we discuss in this episode: New study puts annual financial advisor value premium at more than 2%. The idea that your advisor should be both offensive and defensive in their approach to planning. What differentiates ourselves when someone decides to get serious about managing some aspect of their financial life. The four areas that most families come to us for help. What happens when someone reaches out to us and how does the process begin? Need help making sure your investments and retirement plan are on track? Click to schedule a free 15-minute call with one of True Wealth's CFP® Professionals. http://bit.ly/calltruewealth…

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Home Sweet Retirement: A Guide to Your Perfect Retirement State 29:22

לפני 14 weeks29:22

29:22

Retirement isn’t just about your savings—it’s also about where you choose to live. In this episode, Tyler Emrick, CFA®, CFP®, explores WalletHub’s 46-factor framework for ranking states for retirees, examining everything from tax rates and cost of living to leisure opportunities and healthcare access. We also unpack the key financial and personal considerations, such as state taxes on Social Security and the importance of staying close to loved ones. Tune in for practical insights to help you pick the retirement destination that fits your lifestyle and financial goals. Here’s some of what we discuss in this episode: The 46 different factors related to well-being in retirement and how they can help you pick a state to live. Moving to a lower-tax state doesn’t always result in lower taxes on deferred income. Weighing all the different financial factors that will directly impact your retirement. The soft factors that could make the difference when it comes to enjoying retirement. Need help making sure your investments and retirement plan are on track? Click to schedule a free 15-minute call with one of True Wealth's CFP® Professionals. http://bit.ly/calltruewealth…

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Money, Memory, and Longevity: Navigating Retirement Challenges 25:34

לפני 17 weeks25:34

25:34

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Big Changes to Social Security 22:19

לפני 19 weeks22:19

22:19

The Social Security Fairness Act is shaking up the retirement landscape, eliminating the Windfall Elimination Provision (WEP) and Government Pension Offset (GPO) for millions of retirees. These long-standing provisions have impacted Social Security benefits for public sector workers like teachers, firefighters, and police officers—until now. In this episode, hear Tyler Emrick, CFA®, CFP® dive into what the changes mean, how retirees can expect retroactive payments, and the broader impact on the Social Security system. Here’s some of what we discuss in this episode: Background on the Social Security Fairness Act that was signed into law on January 5. The Windfall Elimination Provision (WEP) and Government Pension Offsets (GPO) reduce regular Social Security benefits. Affected retirees stand to gain significant financial relief. The benefits come with a cost so what it does it mean for the long-term solvency? Have questions? Need help making sure your investments and retirement plan are on track? Click to schedule a free 15-minute call with one of True Wealth's CFP® Professionals. http://bit.ly/calltruewealth…

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The Case for Patience: Why Waiting for Social Security Pays Off 31:43

לפני 22 weeks31:43

31:43

In this episode, Tyler Emrick, CFA®, CFP®, explores the key financial and psychological factors driving early Social Security claims. Discover how a well-optimized strategy could boost your lifetime spending by more than 10%. Your Social Security decision isn’t just about dollars and cents—it’s a critical piece of your retirement puzzle. Join us to learn how to sidestep common pitfalls, maximize your benefits, and secure a more confident, fulfilling retirement. Here’s some of what we discuss in this episode: What research and stats tell us about the benefits that get left on the table. What’s the motivation behind the decision to claim early. Will Social Security still be around when it’s time for you to claim? What if President Trump stops taxes on Social Security? The benefits of waiting to take it later in life. Have questions? Need help making sure your investments and retirement plan are on track? Click to schedule a free 15-minute call with one of True Wealth's CFP® Professionals. http://bit.ly/calltruewealth…

1
Part 3: The Long and Short on Tax-Aware, Long-Short (TALS) Investing 37:43

לפני 24 weeks37:43

37:43

Remember in 2022 when both stocks and bonds fell in lockstep? Did you think diversification failed? Want to build a more diversified, resilient portfolio to better grow and protect your hard-earned dollars? Hear Kevin Kroskey, CFP®, MBA discuss how the TALS strategy adds unique sources of returns to your portfolio outside of traditional stocks and bonds. Here’s some of what we discuss in this episode: How this strategy helps with asset allocation and tax efficiency. The strategy involves long and short positions in a basket of stocks. Who are the clients that would benefit the most from this? Have questions? Need help making sure your investments and retirement plan are on track? Click to schedule a free 15-minute call with one of True Wealth's CFP® Professionals. http://bit.ly/calltruewealth…

1
Part 2: The Long and Short on Tax-Aware, Long-Short (TALS) Investing 48:43

לפני 26 weeks48:43

48:43

Have a sizable brokerage account? Have unrealized capital gains? Pay income taxes at the highest rates? Want to pay your fair share but no more? If so, this is an episode not to miss. In part 1 of this series, Kevin Kroskey, CFP®, MBA explored why adding the TALS strategy may yield significant investing and tax benefits. He described how TALS can help you defer, avoid, and potentially eliminate your capital gains. For the most successful investors that meet the definition of an SEC Qualified Purchaser, generally one with $5m+ of investments, there is another leg to the TALS strategy that can help you solve your ordinary income tax problems too. Whether derived through your business or from non-business income such as wages, interest, non-qualified dividends be sure to tune in and listen closely. Here’s some of what we discuss in this episode: Why should you care about this investing strategy? The tax benefits to TALS and the keys to smart trading and executing. Applications of how realizing capital losses can be beneficial. The TALS separately managed account and limited partnerships strategy. Learn more about tax strategies and tax-aware investing here: https://www.truewealthdesign.com/part-2-the-long-and-short-on-tax-aware-long-short-tals-investing/ Need help making sure your investments and retirement plan are on track? Click to schedule a free 15-minute call with one of True Wealth's CFP® Professionals. http://bit.ly/calltruewealth…

1
Part 1: The Long and Short on Tax-Aware, Long-Short (TALS) Investing 45:24

לפני 28 weeks45:24

45:24

For successful investors and high-income earners, this is an episode not to miss... Sure, you can own an S&P 500 ETF or mutual fund. You could also own the 500 stocks individually, a strategy nowadays called direct indexing. Direct indexing aims to capitalize on individual stock volatility and add tax benefits by harvesting losses. Or you may choose to go a step farther up the complexity ladder to own the 500 stocks individually with a tax-aware, long-short overlay. Let's call that TALS for short. Here you expect to obtain the return of the S&P 500, add an extra return from the overlay, increase diversification, and provide significantly more tax benefits than direct indexing. It's a mouthful, but it sure sounds good! Have a sizable brokerage account? Have unrealized capital gains? Be sure to listen to Kevin Kroskey, CFP®, MBA explore why adding the TALS strategy can help solve these good problems to have. Here’s some of what we discuss in this episode: The Q4 focus for our clients and an office update. These strategies are bit more complex so they broadly apply more for successful investors. The risks associated with TALS. The 3 key building blocks for this strategy. Have questions? Need help making sure your investments and retirement plan are on track? Click to schedule a free 15-minute call with one of True Wealth's CFP® Professionals. http://bit.ly/calltruewealth Tax-Loss Harvesting: Wall Street’s New Strategy Cuts Rich Americans' Bills – Bloomberg - https://www.bloomberg.com/news/features/2024-10-24/tax-loss-harvesting-wall-street-s-new-strategy-cuts-rich-americans-bills Watch Wall Street Finds Another Workaround With Taxes, Losses – Bloomberg - https://www.bloomberg.com/news/videos/2024-10-25/wall-street-finds-another-workaround-with-taxes-losses-video…

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S&P 500 or Die? A Case For Diversification 30:08

לפני 29 weeks30:08

30:08

Is diversification dead? Over the last decade, putting all your eggs in the S&P 500 basket has outperformed diversified strategies. In this episode, hear Tyler Emrick, CFA®, CFP®, explore why the U.S. market has been on an unprecedented run, why the global market portfolio hasn't kept up, and whether diversification is really the best move for long-term investors. We dive into the rise of ETFs, global market trends, and why the "SPY or die" mentality might not hold up in the future. Learn why diversification should still be a priority despite the recent performance gap. Here’s some of what we discuss in this episode: Taught diversification is fundamental to the investing process. Why diversification has been a bad idea for the last decade. The reasons why people would want to move beyond the S&P 500. The changes globally that have impacted investing. Have questions? Need help making sure your investments and retirement plan are on track? Click to schedule a free 15-minute call with one of True Wealth's CFP® Professionals. http://bit.ly/calltruewealth…

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Upcoming Tax Changes and How You Should Plan for Them 34:29

לפני 31 weeks34:29

34:29

The clock is ticking on the 2017 Tax Cuts, and big changes are looming. In this episode, Tyler Emrick, CFA®, CFP®, breaks down the complexities of the 2017 Tax Cuts and Jobs Act and its upcoming expiration in 2025. We dive into the original intent behind these cuts, what changes were made, and the impact on your bottom line. Learn how the expiration could lead to a significant tax hike unless new legislation is passed. We highlight key strategies—like maximizing retirement accounts under lower rates and leveraging deductions—so you can prepare for the changes on the horizon. Here’s some of what we discuss in this episode: Recapping the details around the 2017 Tax Cut and Jobs Act. Why were tax changes needed in the first place? The permanent change that took place and the ones that will revert back in 2026. How the income tax brackets break down. The tax deduction was substantially increased and maximizing itemized deductions. Have questions? Need help making sure your investments and retirement plan are on track? Click to schedule a free 15-minute call with one of True Wealth's CFP® Professionals. http://bit.ly/calltruewealth…

Retire Smarter with Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP®

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Is the Fear of Running Out of Money in Retirement Overblown? 28:12

לפני 34 weeks28:12

28:12

This episode explores the disconnect between retirement expectations and reality, referencing a recent Gallup report that shows most retirees live comfortably despite fears about running out of money. Hear Tyler Emrick, CFA®, CFP®, discuss why non-retirees may be more fearful than needed, the role of Social Security, and how age-based spending patterns contribute to the relative success of sustaining a retirement lifestyle. And be sure to pay attention to how working with the right financial advisor can help you achieve financial independence earlier (data suggests up to three years earlier) by measuring and modeling your current spending and retirement goals more appropriately. Here’s some of what we discuss in this episode: Why is there a disconnect between retirement expectations and more positive outcomes? More people depend on Social Security for their retirement income than they expected to. The disconnect in spending when people get into retirement. A good advisor can help clients gain confidence and overcome their healthy sense of doubt. Have questions? Need help making sure your investments and retirement plan are on track? Click to schedule a free 15-minute call with one of True Wealth's CFP® Professionals. http://bit.ly/calltruewealth Check out the Social Security episode referenced in this show: https://www.truewealthdesign.com/social-security-timing-reframing-your-thinking-for-better-decision-making/…

Retire Smarter with Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP®

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Untangling The New Required Minimum Distribution (RMD) Rules 28:48

לפני 36 weeks28:48

28:48

Over the last few years, significant changes have been made to how retirement accounts are managed after death, especially with new RMD rules. In July, the IRS issued its new Final Regulations regarding the SECURE Act’s provisions. In this episode, hear Tyler Emrick, CFA®, CFP®, break down the key provisions, including the 10-Year Rule for beneficiaries and updates to RMD timelines, and how these changes impact your retirement and estate planning. Here’s some of what we discuss in this episode: What the SECURE Act changed when it passed in 2019 and what’s been updated since? Which accounts are impacted by this and how does it impact taxes and estate planning? Who are designated beneficiaries and what are the differences between eligible and non-eligible? The 10-year rule for inheriting these accounts and what you need to know. The new RMD rules that will begin in 2025. Additional rules dealing with the surviving spouse, successor beneficiaries, and RMD ages. Have questions? Need help making sure your investments and retirement plan are on track? Click to schedule a free 15-minute call with one of True Wealth's CFP® Professionals. http://bit.ly/calltruewealth…

Retire Smarter with Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP®

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What Really Matters In Retirement? Six Lessons from One Retiree 28:45

לפני 38 weeks28:45

28:45

In this episode, Tyler Emrick, CFA®, CFP®, reviews the rich insights from Fritz Gilbert's blog post, "Six Lessons From Six Years of Retirement." Exploring the complexities of retirement that go beyond financial concerns, highlighting how true fulfillment often lies in navigating the non-financial aspects of this life stage. Join us as we unravel the lessons that can guide you to a more satisfying retirement. Here’s some of what we discuss in this episode: Background on The Retirement Manifesto Blog and the blog post we’re discussing. The complexity of non-financial issues and why these lead to our true happiness. Your retirement will be different than you expect. Retirees find that their priorities change as they move through retirement. Retirement can be the best years of your life but it’s up to you. Have questions? Need help making sure your investments and retirement plan are on track? Click to schedule a free 15-minute call with one of True Wealth's CFP® Professionals. http://bit.ly/calltruewealth…

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Buffered ETFs: Market Downside Protection? Are They Right for You? 35:09

לפני 40 weeks35:09

35:09

There is no such thing as a free lunch – or is there? Discover the world of buffered ETFs, a fast-growing segment in financial markets designed to offer investors defined outcomes with built-in downside protection. In this episode, hear Tyler Emrick, CFA®, CFP®, dive into the mechanics, benefits, and potential drawbacks of these complex financial instruments. And be sure to listen to the comparisons of buffered ETFs against traditional investment options and how each may fit (or not) in your diversified investment strategy. Here’s some of what we discuss in this episode: The rapid growth we’ve seen in Buffer ETFs. Defining and explaining the Bufffer ETF or Defined Outcome ETF. Why are investors using these and what are the benefits compared to structured notes and annuities? What you need to know that they aren’t telling you. Our overall feelings on this investment and whether they work in a long-term portfolio. Have questions? Need help making sure your investments and retirement plan are on track? Click to schedule a free 15-minute call with one of True Wealth's CFP® Professionals. http://bit.ly/calltruewealth…

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No Budget Needed 28:10

לפני 43 weeks28:10

28:10

In this episode, hear Tyler Emrick, CFA®, CFP®, discuss why meticulous budgeting isn’t necessary for most people approaching retirement. Discover how understanding your lifestyle spending and anticipating future changes can lead to more effective financial planning. Learn about the "Retirement Spending Smile" concept and why focusing on your lifestyle expenses is more beneficial than a line-by-line budget. Plus, we’ll explore how your financial advisor should be helping you monitor spending against your goals. Here’s some of what we discuss in this episode: The common perception of budgeting and why a detailed budget might not be necessary. What areas of your expenses should you be focused on? The importance of identifying and understanding the spending associated with your lifestyle. Anticipating how your lifestyle will change in retirement and how that will impact expenses. Check out our interview with retirement researcher Dr. David Blanchett: Part 1 - https://www.truewealthdesign.com/ep-101-interview-with-retirement-researcher-dr-david-blanchett-part-1/ Part 2 - https://www.truewealthdesign.com/ep-102-interview-with-retirement-researcher-dr-david-blanchett-part-2/ Have questions? Need help making sure your investments and retirement plan are on track? Click to schedule a free 15-minute call with one of True Wealth's CFP® Professionals. http://bit.ly/calltruewealth…

Retire Smarter with Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP®

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How To Navigate Markets In An Election Year 29:39

לפני 45 weeks29:39

29:39

It's almost Election Day in the US, and opinions are flying. But should elections sway your long-term investment strategy? Find out in this episode as Tyler Emrick, CFA®, CFP®, cuts through the political noise exploring historical market performance in past election years and Presidential terms. Sharing how you can use this data to set your emotions aside and make more informed investment decisions. Here’s some of what we discuss in this episode: Elections provide a great degree of uncertainty, which can cause emotional and usually illogical behavior. What market returns have looked like for election years dating back to 1928. The market’s performance the month that the election took place. A look at the annualized returns during US Presidential terms. What can YOU control? Have questions? Need help making sure your investments and retirement plan are on track? Click to schedule a free 15-minute call with one of True Wealth's CFP® Professionals. http://bit.ly/calltruewealth…

Retire Smarter with Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP®

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Social Security Timing: Reframing Your Thinking For Better Decision-Making 30:05

לפני 47 weeks30:05

30:05

Our brain uses mental shortcuts to help us solve problems. While they can be quite helpful, in some areas they may harm our decision-making. Social Security claiming is often one of these negatively impacted areas. In this episode, hear Tyler Emrick, CFA®, CFP®, discuss the mental shortcuts (aka cognitive biases) at play when deciding to take your Social Security benefits. Being cognizant and acting with a more prudent decision-making process will likely help you realize a better outcome and improved retirement. Here’s some of what we discuss in this episode: Optimism and pessimism bias can skew our judgments when making decisions. Present bias and temporal discounting. In the context of Social Security, this means favoring smaller payments now over larger payments later, a decision that can significantly impact long-term financial health. The anchoring effect is another critical bias discussed. This occurs when individuals rely too heavily on the first piece of information they encounter—such as the earliest age they can claim Social Security—making it challenging to adjust their plans with new information. Tyler explains the concept of delayed retirement credits and how Social Security benefits are designed to be actuarially equivalent, regardless of when you start claiming them. How Social Security is uniquely impacted by inflation and interest rates. Have questions? Need help making sure your investments and retirement plan are on track? Click to schedule a free 15-minute call with one of True Wealth's CFP® Professionals. http://bit.ly/calltruewealth…

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Effective Estate Planning: Tips to Make Sure The Process Goes Smoothly And Money Goes Where You Intend 28:37

לפני 49 weeks28:37

28:37

Estate planning is about more than just wealth distribution—it’s about peace of mind. In this episode, Hear Tyler Emrick, CFA®, CFP®, cover the fundamentals to start or update your estate planning journey. We’ll discuss how your financial advisor is best to guide the process while your attorney ensures legal alignment. Working together makes the journey better for you and more likely at your intended destination while reducing risks of unnecessary taxes, legal costs, and family conflicts. Here’s some of what we discuss in this episode: A story about how a lack of estate planning could derail everything you hoped to leave your loved ones. What we need to begin crafting the financial aspects of your estate plan. The role your advisor plays versus what the attorney will do. Tax considerations you need to be aware of so that you can ensure more wealth is passed along. The many benefits to estate planning. Have questions? Need help making sure your investments and retirement plan are on track? Click to schedule a free 15-minute call with one of True Wealth's CFP® Professionals. http://bit.ly/calltruewealth…

Retire Smarter with Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP®

1
The Disappearing Act of Retiree Health Benefits – What Options Do You Have? 39:12

לפני 51 weeks39:12

39:12

Employer-provided retiree health benefits are quickly becoming obsolete. KFF’s latest survey reveals a sharp decline in large employers offering these benefits, leaving individuals to seek other solutions. Hear Tyler Emrick, CFA®, CFP®, explore your options. Whether you are worried about age 65—either retiring before or after—or have a business, we have you covered. Plus, we'll highlight potential trouble spots and important deadlines you need to know. Don’t navigate this shift alone—tune in for expert guidance. Here’s some of what we discuss in this episode: What the trends tell us about employer-sponsored coverage, including retiree health benefits. Understanding the different healthcare options you might have along with the pros and cons: COBRA, Market Place, MEWA Plan, Health share plans, Private health insurance, and Medicare. The trouble spots for retirees planning for health care. Have questions? Need help making sure your investments and retirement plan are on track? Click to schedule a free 15-minute call with one of True Wealth's CFP® Professionals. http://bit.ly/calltruewealth…

Retire Smarter with Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP®

1
Retirement "Magic Numbers" Make Little Sense 39:44

לפני 1 year39:44

39:44

In this episode, Tyler Emrick, CFA®, CFP®, explores why targeting a "magic number" of retirement savings falls well short of good retirement planning. Yet, why do people often focus on this? Is it because this survey data is regularly done and widely in the media – with the magic number now at a record high of $1.46 million – or something more? Here’s some of what we discuss in this episode: The amount of money investors believe they need to retire has increased dramatically and is exceeding the current pace of inflation. What has been the driving force behind the increase? Why you should be careful when using a magic number. The financial items you should be focusing your attention on instead. Have questions? Need help making sure your investments and retirement plan are on track? Click to schedule a free 15-minute call with one of True Wealth's CFP® Professionals. http://bit.ly/calltruewealth…

Retire Smarter with Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP®

1
Real Estate, Taxes, & College Oh My! 59:11

לפני 1 year59:11

59:11

We welcome Kevin Kroskey, CFP®, MBA, back in action, joining Tyler Emrick, CFA, CFP®, on this potpourri-type episode. Hear Kevin's perspective on the last episode, coming changes in the residential real estate market, and why they will be good for consumers. He'll also share some lessons learned from this tax season and differences between tax-only clients and clients who receive coordinated tax and wealth management services. Hear Tyler share recent client stories from new clients about the issues and ramifications of not coordinating financial, legal, and tax matters properly. And be sure to listen at the end when they discuss the recently released college ranking, called "A First Try at ROI". This study and the resulting calculator look at the cost outlays for 4,500 colleges and the ROI – return on investment – in earnings over time. Is the Ivy league worth the cost (if your child can get in)? What about a pricey private school vs. a public in-state one? And who had a wiser decision-making process for their college selection – Kevin or Tyler. That and more on this episode of Retire Smarter. See the rankings here: https://cew.georgetown.edu/cew-reports/collegeroi/ Have questions? Need help making sure your investments and retirement plan are on track? Click to schedule a free 15-minute call with one of True Wealth's CFP® Professionals. http://bit.ly/calltruewealth…

Retire Smarter with Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP®

1
Historic Changes To The Residential Real Estate Industry Will Be Good For You (And Are Similar To Changes Occur-ring In Financial Advice) 30:32

לפני 1 year30:32

30:32

Gone are the days of 6% commissions when selling a home!? Well, sort of. In this episode, we unpack the $418 million proposed settlement that will likely reshape the real estate industry. While change creates winners and losers, consumers will generally be winners as the industry wheat will further separate from the chaff. Hear Tyler Emrick, CFA®, CFP®, reflect on similarities to the financial planning industry's evolution from stock traders to advisors, from selling products to providing advice. The changes have been positive for consumers, and there's still plenty of chaff to remove. To help you better identify the chaff, Tyler discusses advisory services that stand out and deliver more value to you for the dollars you pay. Here’s some of what we discuss in this episode: Background on the lawsuit and subsequent agreement for the National Association of Realtors (NAR). The argument being made against real estate agents. How this compares to past legislation in the financial planning industry. The details of the agreement and how it might change fees and services. The similarities to the financial planning industry and why there’s been a move towards a holistic approach. Have questions? Need help making sure your investments and retirement plan are on track? Click to schedule a free 15-minute call with one of True Wealth's CFP® Professionals. http://bit.ly/calltruewealth…

Retire Smarter with Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP®

1
How to Avoid A Surprise Bill at Tax Time 29:28

לפני 1 year29:28

29:28

When it comes to finances, paying a big bill at tax time is the worst. Worse yet, is if that bill comes as a surprise because your CPA, Investment Professional, and Financial Planner were not on the same page. In this episode, Tyler Emrick, CFA®, CFP®, sheds light on traditional culprits that cause nasty surprises at tax time. Whether it is capital gain distributions, higher interest rates, or under-withholding on your income we cover it all on today’s episode of Retire Smarter. Here’s some of what we discuss in this episode: Interest rates have increased ordinary income and what most Americans are used to being taxed on. Investment considerations to factor in that will impact taxes. Stats on capital gain distributions and better investment options for tax purposes. Sometimes you are under-withholding taxes on your income so what should you change? Have questions? Need help making sure your investments and retirement plan are on track? Click to schedule a free 15-minute call with one of True Wealth's CFP® Professionals. http://bit.ly/calltruewealth…

Retire Smarter with Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP®

1
Smarter Ways To Financially Help Your Children & Grandchildren 32:24

לפני 1 year32:24

32:24

So, what are smarter ways to save or gift to your family? In this episode listen to Tyler Emrick, CFA®, CFP® discuss how to gift wisely, be supportive of and not inhibit responsible financial behaviors, utilize intra-family loans, and optimize benefits for your family today and into the future. Here’s some of what we discuss in this episode: What the statistics tell us about how closely tied parents and young adult children are emotionally and financially these days. Some smart ways to gift to your children and grandchildren. Best practices for opening and saving into a 529 account and the mistakes you need to avoid. Why you might choose to use a custodial account or Roth account instead of a 529 plan. Have questions? Need help making sure your investments and retirement plan are on track? Click to schedule a free 15-minute call with one of True Wealth's CFP® Professionals. http://bit.ly/calltruewealth…

Retire Smarter with Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP®

1
How Risky of An Investor Are You? 36:49

לפני 1 year36:49

36:49

In this episode, Tyler Emrick, CFA®, CFP®, takes a deep dive into the world of risk. Is filling out a simple questionnaire sufficient? How about telling your advisor, "I'm moderately conservative?" Don't these seem fuzzy at best? Hear how your perceived risk and diversification may differ – sometimes substantially – from mathematical reality. And be sure to listen in to how Tyler and the team at True Wealth can help you more appropriately find the right risk level, which probably should change over time, to best align your money to achieve your goals. Here’s some of what we discuss in this episode: Risk applies to everyone we work with so there are no exceptions when it comes to this topic. What are the general rules for risk that the industry follows? The True Wealth Design process for building a plan and determining risk. How diversification and market conditions are used to construct a portfolio. What ongoing portfolio management should you be doing to manage risk as you move through life? Have questions? Need help making sure your investments and retirement plan are on track? Click to schedule a free 15-minute call with one of True Wealth's CFP® Professionals. http://bit.ly/calltruewealth…

Retire Smarter with Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP®

1
What Do Clients Value Most in A Financial Advisor? 31:28

לפני 1 year31:28

31:28

In this episode, we investigate the pivotal points that clients continually express genuinely matter when seeking financial guidance. Hear Tyler Emrick, CFA®, CFP®, explore the deeper aspects of working with a Financial Advisor and how they hold significance when choosing and continuing to work with a financial professional. Here’s some of what we discuss in this episode: How a conversation with his wife sparked the idea for this show for Tyler. How we get feedback from our clients to help us evaluate our service. Where does an advisor add specific value to a client? Tyler will share a few specific things that people want from their advisor. The many different designations advisors have and a breakdown of which ones you should pay attention to. How important are returns? Have questions? Need help making sure your investments and retirement plan are on track? Click to schedule a free 15-minute call with one of True Wealth's CFP® Professionals. http://bit.ly/calltruewealth…

Retire Smarter with Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP®

1
How to Plan for RMDs (Required Minimum Distributions) 28:32

לפני 1 year28:32

28:32

In this podcast, hear Tyler Emrick, CFA®, CFP®, delve into the often misunderstood world of Required Minimum Distributions (RMDs). Join us as we uncover the essential strategies and tips to help you navigate RMDs and make informed decisions for a secure and fulfilling retirement. Whether you’re new to RMDs or seeking to optimize your distribution strategy, this podcast is your go-to resource for mastering the art of income and distribution planning. Here’s some of what we discuss in this episode: An explanation of SECURE Act 2.0 and the legislation that was passed. A high-level overview of Required Minimum Distributions and how to calculate them. Highlighting the key changes brought about by the SECURE Act. What planning opportunities does this present? Have questions? Need help making sure your investments and retirement plan are on track? Click to schedule a free 15-minute call with one of True Wealth's CFP® Professionals. http://bit.ly/calltruewealth…

Retire Smarter with Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP®

1
New Year’s Resolutions – Better Yet Goals for Financial Success In 2024 28:21

לפני 1 year28:21

28:21

Each year, about two-thirds of Americans plan on making a financial-related New Year’s resolution for the year ahead, with just over 80% of them bailing on that resolution before January ends. Don’t bail on your financial resolution! Join us on this episode of Retire Smarter as Tyler Emrick, CFA®, CFP®, gives easy and actionable suggestions for what financial goals should be a part of your financial New Year’s resolution to overcome the odds and put yourself in a better financial situation in 2024. Here’s some of what we discuss in this episode: Personal finances can be overwhelming, which is why so many people make it a priority to start the year. Start with getting a handle on where your money is going. Why it’s important to revisit your investment strategy. Don’t overlook the housekeeping items that sometimes get forgotten. Identify where you want to go and then build goals that help you achieve that. Have questions? Need help making sure your investments and retirement plan are on track? Click to schedule a free 15-minute call with one of True Wealth's CFP® Professionals. http://bit.ly/calltruewealth…

Retire Smarter with Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP®

1
When Taking Social Security Early Makes Sense 25:02

לפני 1 year25:02

25:02

Join us on this eye-opening episode of Retire Smarter as Tyler Emrick, CFA®, CFP® delves into the intriguing world of Social Security benefits. While delaying your benefit is often the obvious choice, we challenge conventional wisdom and explore scenarios where taking Social Security early can actually be a smart financial move. Here’s some of what we discuss in this episode: We’ll explore an article listing reasons why you should claim early. The typical considerations that come into play when picking a strategy for Social Security. People often retire earlier than they planned because of health issues. Delaying Social Security can lead to you relying too heavily on your investment portfolio. The situational circumstances that we often see. Have questions? Need help making sure your investments and retirement plan are on track? Click to schedule a free 15-minute call with one of True Wealth's CFP® Professionals. http://bit.ly/calltruewealth…

Retire Smarter with Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP®

1
Constructing a Portfolio in Retirement 41:36

לפני 1 year41:36

41:36

Pick your favorite financial publication. One minute, they tout a financial collapse and pending recession, and then seemingly on a dime, headlines change to - "cash yields are attractive" and "the stock market finishes at its highest level in twelve months." Making portfolio decisions through all the noise can be a challenge. What is the right investment strategy? How much should you put in stocks? Do you need bonds? CDs? What type of stocks or bonds? What about other or "alternative" investments. All are good questions and just touch the tip of the iceberg. On this episode, hear Tyler Emrick, CFA®, CFP®, dive into these questions and, more broadly, how you should think about asset allocation -- aka your "investment recipe". Pay special attention to how aligning your financial life planning and your goals to your investment decisions is a critical step many misunderstand or overlook. Here’s some of what we discuss in this episode: Determining how much you can afford to withdraw in retirement each month. Should you be favoring cash and bonds over stocks and what are the benefits of each? How to design the proper portfolio that aligns with your goals. Having a more dynamic retirement plan and a more dynamic investment plan. Learn more about the Retire Smarter Solution ™: https://www.truewealthdesign.com/ep-45-retire-smarter-solution/ Have questions? Need help making sure your investments and retirement plan are on track? Click to schedule a free 15-minute call with one of True Wealth's CFP® Professionals. http://bit.ly/calltruewealth…

Retire Smarter with Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP®

1
8% Safe Withdrawal Rate In Retirement? What!! 28:28

לפני 1 year28:28

28:28

Recently, famous radio show host and personal finance guru Dave Ramsey made headlines by saying he’s perfectly comfortable with an 8% withdrawal rate in retirement. Critics were quick to respond, calling his advice scary, dangerous, and just plain wrong. So, who’s right? On this episode, hear Tyler Emrick, CFA®, CFP®, break down Ramsey’s comments and how you should be thinking about income and spending in retirement. Here’s some of what we discuss in this episode: How Dave Ramsey explains his position on the 8% withdrawal rate. Why the math might seem simple but is actually wrong. What you need to know about Geometric and Arithmetic returns. You can’t ignore the sequence of return risk with a 100% stock portfolio. Is the 4% rule too depressing? Have questions? Need help making sure your investments and retirement plan are on track? Click to schedule a free 15-minute call with one of True Wealth's CFP® Professionals. http://bit.ly/calltruewealth…

Retire Smarter with Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP®

1
The Early Years of Retirement: Navigating Healthcare, Finances, and Tax Strategies 31:25

לפני 2 years31:25

31:25

On this episode, we dive into real-life scenarios to gain insight into crafting a successful and early retirement plan. Hear Tyler Emrick, CFA®, CFP®, dissect a client's journey of retiring in their late 50s. Exploring the intricacies of their tax-smart distribution plan to fund their retirement lifestyle and obtained significant tax credits to offset their pre-Medicare healthcare costs. Here’s some of what we discuss in this episode: Background on a real-life scenario with a family we met a few years ago. What we learned about the challenges to their retirement, including healthcare. The different healthcare decisions to choose from and the costs most aren’t prepared for. Places you can trip up with healthcare. How we approach the distribution planning. Have questions? Need help making sure your investments and retirement plan are on track? Click to schedule a free 15-minute call with one of True Wealth's CFP® Professionals. http://bit.ly/calltruewealth…

Retire Smarter with Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP®

1
Yearend Financial Check-up & Tax Moves 25:02

לפני 2 years25:02

25:02

It's that time of year again … the fourth quarter. Before you get enthralled with the holiday season, it's time to look back over this year and towards the next. Have you completed all the financial goals you set this year? Reviewed your medical coverage? Executed your tax planning for the year? Set your preliminary tax strategy and retirement distribution plan for next year? If not, there is still time! Listen to Tyler Emrick, CFA®, CFP®, discuss how True Wealth Design ensures your important financial tasks get handled so you stay on track and pay no more than your fair share in tax. Here’s some of what we discuss in this episode: Prioritizing tax planning and determining what items need attention before December 31. What we discuss during our Yearend Tax and Investment Review meetings. Looking back on your financial goals at the beginning of the year and comparing that to where you are now. Why you should be taking a closer look at your benefits for the next year. Looking at spending for the next year and setting income targets. Have questions? Need help making sure your investments and retirement plan are on track? Click to schedule a free 15-minute call with one of True Wealth's CFP® Professionals. http://bit.ly/calltruewealth…

Retire Smarter with Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP®

1
Retirement Nest Egg: Having Enough & Making Sure It Lasts 33:18

לפני 2 years33:18

33:18

The emotions and questions seem to come from everywhere and out of nowhere as you inevitability approach retirement. Even the most prepared will ask, second guess, and then ask again: Do I have enough to retire? How do I ensure it lasts? Leading retirement researcher Moshe Milevsky addressed this in a paper "How Long Will a Nest Egg Last." In this episode, Tyler Emrick, CFA®, CFP®, takes a different approach to try and answer that critical question. Hear Tyler give actionable steps in plain English that you can help build confidence and clarity around your retirement nest egg. Here’s some of what we discuss in this episode: Breaking down the equation and identifying areas we agree and disagree. How many years can you make withdrawals before running out of money? What are the variables you know and don’t know and how do you account for both? The importance of a diversified portfolio when trying to generate a rate of return each year. Rarely is there a single product or investment that meets your needs for all of retirement. Have questions? Need help making sure your investments and retirement plan are on track? Click to schedule a free 15-minute call with one of True Wealth's CFP® Professionals. http://bit.ly/calltruewealth…

Retire Smarter with Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP®

1
Avoid Losing $17K Yearly From Bad Investment Decisions 25:21

לפני 2 years25:21

25:21

Surprise! Another robust study showed investors are still underperforming and making bad investment decisions. Morningstar released its yearly "Mind the Gap" study last month, showing investors have lost on average 1.7% yearly -- that's $17,000 on a $1,000,000 portfolio -- over the last decade. Why so and how can we stop the madness?! In this episode hear Tyler Emrick, CFA®, CFP® break down the study's results and describe how True Wealth helps families not make the same mistakes as the average investor. Click to read Morningstar's Mind the Gap study: https://www.morningstar.com/lp/mind-the-gap Here are some of the things we will discuss in this episode: Background on the ‘Mind the Gap’ study from Morningstar. The study found a 1.7% gap from average investor to the average fund return. Timing the market costs investors regular and the data from the last four years shows that. There’s always a new reason to give us the belief that we can time the market. The illusion of control bias can lead people to believe they have more control over the outcome than they actually do. Need help making sure your investments and retirement plan are on track? Click to schedule a free 15-minute call with one of True Wealth's CFP® Professionals . Or use this link: http://bit.ly/calltruewealth Learn more about the Retire Smarter Solution™: https://www.truewealthdesign.com/ep-45-retire-smarter-solution/…

Retire Smarter with Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP®

1
Should Retirees Change Their Portfolio Strategy Based On Predictions of the US Dollar’s Demise? 21:59

לפני 2 years21:59

21:59

Here it comes again… F. E. A. R. This time manifest from headlines of the U.S. dollar’s demise as a reserve currency, spiraling inflation, low growth and an expressway to investment-return hell. Listen to Kevin Kroskey, CFP®, MBA cut through the B.S. to understand what the economic risks are or are not and how they do or do not translate to your investment strategy. Here are some of the things we will discuss in this episode: The questions we’ve been getting from clients about the headlines on the US dollar’s demise. What are the biggest concerns and risks that exist currently? We’ll sort through the historical evidence on the dollar. Which investments would respond favorably in this environment? We’ll explain why we think this is largely a non-issue for well-diversified investors. Need help making sure your investments and retirement plan are on track? Click to schedule a free 15-minute call with one of True Wealth's CFP® Professionals . Or use this link: http://bit.ly/calltruewealth Learn more about the Retire Smarter Solution™: https://www.truewealthdesign.com/ep-45-retire-smarter-solution/…

Retire Smarter with Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP®

1
How Tax-Smart Income Targeting Can Allow You To Retire Earlier While Saving Taxes 34:25

לפני 2 years34:25

34:25

Hear Tyler Emrick, CFA®, CFP®, peel back the onion on income targeting – a critical part of a successful retiree’s overall Tax-Smart Distribution Planning. Learn how this type of planning, coupled with careful “Asset Location” decisions, can save a lot in tax over a multitude of years, allowing you to potentially retire earlier, spend more, or give more. And be sure to pay attention to how True Wealth uses these strategies to benefit clients no matter what, whether they are still working or already in retirement. Here are some of the things we will discuss in this episode: Why we want to get into this idea of income-targeting in this show. What exactly do we mean when we say income-targeting and how does that help us build a savings strategy. Looking at the scenario where a family put most of their assets in pre-tax accounts. The tax benefits that you could gain by going through all of this. The complexities that comes with a family that has more of their assets outside of retirement accounts. What kind of income are we going to target when we do this? Need help making sure your investments and retirement plan are on track? Click to schedule a free 15-minute call with one of True Wealth's CFP® Professionals . http://bit.ly/calltruewealth Learn more about the Retire Smarter Solution™: https://www.truewealthdesign.com/ep-45-retire-smarter-solution/…

Retire Smarter with Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP®

1
Income Targeting - Should We Even Care About IRMAA? 26:48

לפני 2 years26:48

26:48

It's often beneficial to target income for tax planning purposes while working and even more so during your retirement years when you have more control over how you generate your income. Realizing income in lower brackets while avoiding higher brackets is the essence of this strategy which can quickly get complex. In this episode, Tyler Emrick, CFA®, CFP®, reviews a recent article from Dr. James M. Dahle of the popular "The White Coat Investor" blog and podcast that suggests planning for the Medicare IRMAA surcharge doesn't matter. Hear Tyler discuss IRMAA and its impact on your tax-smart retirement income planning. And be sure to pay attention to the broader framework of how to think about income targeting, which we'll dive into in more detail in an upcoming episode. See the reference article from Dr. James M. Dahle of the White Coat Investor here: https://www.whitecoatinvestor.com/irmaa Here are some of the things we will discuss in this episode: What is IRMAA and how does it work? What parts of Medicare does this impact? Details on the different thresholds. The different planning discussions we have with people as we look at specific scenarios. Check out our previous discussions on Medicare: Retiree Health Insurance Part 1: Medicare - https://www.truewealthdesign.com/ep-58-retiree-health-insurance-part-1-medicare/ Retiree Health Insurance Part 2: Pre-Medicare - https://www.truewealthdesign.com/ep-59-retiree-health-insurance-part-2-pre-medicare/ Have questions? Need help making sure your investments and retirement plan are on track? Click to schedule a free 15-minute call with one of True Wealth's CFP® Professionals . http://bit.ly/calltruewealth…

Retire Smarter with Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP®

1
Do You Have Unrealistic Portfolio Return Expectations? 27:53

לפני 2 years27:53

27:53

In this episode, Tyler Emrick CFA®, CFP® explores the disconnect between some investors' return expectations. Learn common mistakes people make and traps they may then fall into. And be sure to pay attention to what historical performance tells us, and how, if the forecasts of the big institutional investors are reasonably accurate, these investors could be setting themselves up for severe disappointment. Here are some of the things we will discuss in this episode: Why expectations are almost always higher than what reality provides. (5:30) We use a historical perspective to help clients understand what returns have typically looked like in previous decades. ( 10:27) Looking ahead and setting expectations for future returns. (16:07) Return expectations can be vastly different depending on who you talk to. (20:09) How to determine what approach you should take to investing. (24:40) Sign up for our newsletter on our podcast page: https://www.truewealthdesign.com/podcast/ Have questions? Need help making sure your investments and retirement plan are on track? Click to schedule a free 15-minute call with one of True Wealth's CFP® Professionals . http://bit.ly/calltruewealth…

Retire Smarter with Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP®

1
What’s The Big Deal With Roth Conversions And Why Should You Care? 19:39

לפני 2 years19:39

19:39

In this episode, Tyler Emrick CFA®, CFP® talks through the financial impacts of implementing a well-thought-out Roth conversion strategy. Hear how his clients overcame the emotional struggle of paying a large upfront tax bill to build wealth and provide better outcomes for themselves and their families. Have questions? Need help making sure your investments and retirement plan are on track? Click to schedule a free 15-minute call with one of True Wealth's CFP® Professionals . http://bit.ly/calltruewealth Here are some of the things we will discuss in this episode: How a Roth conversion can protect your spouse’s future. (3:28) How legacy planning and inheritances can benefit from a Roth conversion. ( 8:39) A recent scenario we worked through with a client when determining inheritance plans. (11:10) Some of the factors that go into determining whether a Roth is right for you. (14:46) Sign up for our newsletter on our podcast page: https://www.truewealthdesign.com/podcast/…

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Retire Smarter with Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP® « » Untangling The New Required Minimum Distribution (RMD) Rules

Untangling The New Required Minimum Distribution (RMD) Rules

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Retire Smarter with Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP® « »
Untangling The New Required Minimum Distribution (RMD) Rules