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Is your retirement plan rock solid? At MasterPlan Retirement Consultants, we specialize in constructing retirement plans designed to meet the challenges you could face in the course of a 20, 25 or 30-year retirement - or longer. Our tax planning, income planning, Social Security maximization, estate planning, healthcare planning, pension maximization, long-term care planning and other strategies are designed to maximize your retirement savings and income, while minimizing taxes and protectin ...
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End-of-Year Tax Deadlines for Retirees Including Navigating RMDs, Roth Conversions, and Charitable Giving
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24:49
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Is December 31st or April 15th the most critical tax deadline for retirees? This episode of Retirement Roadmap explores this provocative question, guiding you through important end-of-year tax strategies. We'll uncover the nuances of Required Minimum Distributions (RMDs) and how the Secure Act and Secure Act 2.0 have shifted the landscape, potentia…
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Curious about whether an annuity is the right choice for your retirement plan? Join us as we sit down with Mark Fricks, who breaks down the benefits and potential pitfalls of annuities and other common questions Mark receives from his listeners. This episode will touch on topics like Social Security, pension planning, ex-spousal benefits, federal e…
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Ever wondered how working before and after full retirement age affects your Social Security benefits? Curious about alternatives to traditional insurance? What about what it means to take a lump sum pension versus a monthly pension? Join us as we answer several questions that may better equip you to navigate the complexities of retirement income an…
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In this episode of Retirement Roadmap with Mark and Evan Fricks we look at what U.S. News and World Report lists as The 10 Biggest Regrets of Retirees. We share from our experiences in financial services how these common regrets can impact your retirement roadmap. Have a topic or question you'd like Mark and Evan to address in a future episode? Ema…
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What if you could retire a decade earlier than you ever thought possible? On this episode of Retirement Roadmap with MasterPlan Retirement Consultants, we reveal powerful early retirement strategies that could transform your financial future. Hear examples that could help pave your way to financial freedom. Discover how you can maximize your income…
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Ready to unlock the secrets to early retirement and financial freedom? Drawing on insights from Jacob Schroeder's article in Kiplinger Magazine, How to Retire Early in Six Steps, we emphasize the importance of ongoing education and adapting to ever-changing regulations. You'll learn why setting a high savings rate of 10-15% is crucial and how some …
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Maintaining Your Wealth Through Retirement
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24:48
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What if your wealth could grow and stand the test of time? This episode reveals the secrets that wealthy individuals use to maintain and expand their fortune. We dissect a fascinating Business Insider article and share five pivotal strategies, including the significance of a comprehensive financial plan encompassing budgeting, insurance, legacy pla…
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Can you afford to ignore the future of tax policies on your retirement plans? Join us on Retirement Roadmap as we explore the critical uncertainties surrounding the expiration of the Tax Cuts and Jobs Act of 2017, set for December 31, 2025. Our conversation dives into the potential implications for personal income taxes, estate taxes, and the broad…
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Estate Planning Essentials with Sarah White: Trusts, Wills, and Digital Assets
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Discover the essential keys to safeguarding your legacy with Sarah White, an esteemed estate planning attorney with over two decades of expertise. Sarah demystifies the critical components of estate planning, from wills and powers of attorney to healthcare directives. Highlighting unique considerations for Georgia residents, Sarah delves into the p…
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Lifelines for Vets: A Spotlight on Cobb County's VATC, Bravo Victor Fund, & United Military Care
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Can a community truly transform the lives of its veterans? Join us as we uncover the inspiring journey of our client, Dan Hydrick, an Army veteran who dedicates much of his time to helping his fellow servicemen and women through the Cobb County Veterans Treatment and Accountability Court and Bravo Victor Fund. Dan shares his remarkable transition f…
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In this episode, Mark and Evan Fricks illuminate the critical importance of up-to-date estate plans and guide you through the process of asset transition with compassion and clarity. We touch on how our clients use their Professional Record Organizer (PRO), an organization tool that helps your heirs have the essential information they need to honor…
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In this episode, Mark and Evan Fricks discuss the critical decade before retirement, revealing strategies that may work to beef up savings, slash debts, and pivot investment tactics. If you're in your early 50s, it's high time to fine-tune your financial engine with your partner and contemplate life's big moves, such as downsizing or planting new r…
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Are you prepared for the rising tide of retirement costs and the inevitable tax hikes that could erode your nest egg? That's exactly what we're unpacking today on Retirement Roadmap, with your hosts Mark and Evan Fricks. From the looming expiration of the 2017 Tax Cut Act to the sobering outlook on Social Security, we're giving you the straight tal…
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In this episode, a continuation of The Clueless Retiree Part I, Mark and Evan Fricks tackle the thorny issues of tax misconceptions and legislative changes that could leave you adrift in a sea of confusion without a solid plan. The Secure Act 1 and 2 are dissected, revealing their hidden impact on retirement strategies and why Roth conversions migh…
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In this episode, Mark and Evan Fricks zero in on the hazards that lurk for the clueless retiree when inflation and taxes are left out of the equation. They discuss the importance of a realistic lifespan estimate and the often-missed step of strategic income planning. Listen to tips on 401(k) rollovers, loans, and the savvy moves to mitigate tax hit…
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In this episode, Mark and Evan Fricks navigate true fiduciary responsibility versus the suitability standards in financial advice. Discover why MasterPlan embraced the fiduciary standard, where we are committed to transparency and your best interests. This episode explores why it might be best to partner with an advisor whose success is measured by…
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Navigating the maze of Required Minimum Distributions just got easier thanks to our latest Retirement Roadmap episode. Evan and Mark Fricks are here to guide you through the recent updates to RMDs, now kicking in at 73 or 75 for those born in 1960 or later. Understand the necessity behind these withdrawals, the importance of hitting deadlines, and …
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Ever thought on how a well-structured plan can be the cornerstone of maintaining family harmony after you're gone? Join Mark and Evan Fricks of MasterPlan Retirement Consultants as they navigate the often-overlooked terrain of legacy and estate planning. This episode isn't just about numbers and legalities; it's a heartfelt look at how thoughtful p…
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In this episode, Mark and Evan Fricks demystify the role of precious metals, like gold, as a bastion against economic storms. We delve into the heart of why gold shines amidst market turbulence, drawing from its historical safe-haven status and recent price surges. This episode is a treasure trove of knowledge for anyone eager to fortify their reti…
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Ever wondered how to shield your hard-earned legacy from the grip of tax burdens that potentially await your heirs? That's what Mark and Evan Fricks will unpack in this episode of Retirement Roadmap. We'll touch on strategies that may help your heirs navigate their inheritance with financial savvy and share stories that illustrate the potentially d…
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Instead of simply reporting your taxes, join us as we navigate how to plan your taxes, especially for your retirement, with the guidance of Mark and Evan Fricks. In this episode, we'll tackle the tough topics, from the impact of inflation to the nuances of required minimum distributions and the taxation of Social Security benefits. We believe a pro…
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When it comes to retirement, the thought of an income gap can be daunting. In this episode, Mark and Evan Fricks of MasterPlan Retirement Consultants provide valuable insights to help you understand what a retirement income gap is and introduce you to investment tools that may better equip your plan for a stress-free retirement. Have a topic or que…
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With the beginning of 2024, we engage the onset of another presidential election year in the United States, and in this episode, Mark and Evan Fricks discuss how this unique season typically impacts the market and our client's investments according to historical data. Have a topic or question you'd like Mark and Evan to address in a future episode?…
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Many Americans' largest asset is their 401(k), 403(b), traditional or Roth IRA but few know the details, rules, and intricacies of their accounts. When it comes to withdrawals from these accounts, you want to make sure you're aware of applicable tax and plan-specific rules. In today's episode, Mark and Evan Fricks will discuss some of these rules w…
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What's your retirement risk number? What is a risk number? Join Mark and Evan Fricks as they discuss risk numbers and how they can be used to tailor your financial retirement plan. Have a topic or question you'd like Mark and Evan to address in a future episode? Email us at info@masterplanretire.com or call 770-980-9262. https://masterplanretire.co…
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As we prepare for another year, it's a great time to revisit or reset our personal goals, including financial goals. In this episode, we discuss how MasterPlan guides our clients through approaching their own financial goals for retirement or retirement preparation. Have a topic or question you'd like Mark and Evan to address in a future episode? E…
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In this episode, we discuss important deadlines and rules for the Roth IRA and how it compares and contrasts to what we call the "super Roth," otherwise known as a LIRP (life insurance retirement plan.) We touch on the Trump-era Tax Cuts and Jobs Act (TCJA) of 2017, how its nearing expiration could impact your retirement plan, and some tools that a…
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In this episode, we interview Brittney Young of Hands of an Angel Homecare, a home care company based out of Cobb County, Georgia serving customers in twelve local counties. What is home care? We discuss home care needs, misconceptions, and how to determine when you or a loved one is ready for in-home assistance. Visit us online at https://masterpl…
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Surprisingly, even some of the most successful people in our culture with abundant resources have made classic estate planning mistakes. In this show, we recall some famous estate planning mishaps and how an unexpected passing can prove to be disastrous to an ill-prepared plan. Join us as we provide thoughts for you to consider for your own legacy …
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Today we interview Julie Chastain of Secern Financial and discuss common Medicare questions and misconceptions. Visit us online at https://masterplanretire.com/ Catch all episodes of our podcast at https://www.masterplanyourretirement.com/resources/episodes Listen to Mark Fricks on Saturdays at 8:30 a.m. EST on AM920 WGKA Purchase Mark's Book, The …
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In this episode, we discuss Black Monday and the risks and fears associated with investing in the market, and how we as holistic retirement planners use the market as part of a complete "retirement roadmap." Visit us online at https://masterplanretire.com/ Catch all episodes of our podcast at https://www.masterplanyourretirement.com/resources/episo…
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We like to think of ourselves as rational people, but often our actions can prove the opposite. Even with training, education, and experience, investors still make decisions that can go against their best interests. We may not be able to eliminate our emotional response to our personal finances and investing but we can be aware that these responses…
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The passing of a spouse can be an incredibly difficult process to contend with. In this show, we discuss step-by-step items to consider so that the surviving spouse can focus on grieving their loved one and not be overwhelmed by financial concerns. Visit us online at https://masterplanretire.com/ Catch all episodes of our podcast at https://www.mas…
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In this video, we discuss a handful of major points in our pre-retirement checklist to consider as you prepare for your own retirement. Visit us online at https://masterplanretire.com/ Catch all episodes of our podcast at https://www.masterplanyourretirement.com/resources/episodes Listen to Mark Fricks on Saturdays at 8:30 a.m. EST on AM920 WGKA Pu…
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How do you know when you are ready to retire? In this video, we discuss many facets to consider as you prepare for your next stage of life. Visit us online at https://masterplanretire.com/ Catch all episodes of our podcast at https://www.masterplanyourretirement.com/resources/episodes Listen to Mark Fricks on Saturdays at 8:30 a.m. EST on AM920 WGK…
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Many financial decisions that should be approached rationally are unfortunately made from a place of emotion. In this video, we discuss common fears for retirees and attempt to shed some light on these fears as well as provide potential solutions so that you may find your way to peace of mind. Visit us online at https://masterplanretire.com/ Catch …
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In this video, we discuss ideas and considerations in preparation for retirement at key points in your countdown- 10 years away, 5 years away, and one year from retirement. Visit us online at https://masterplanretire.com/ Catch all episodes of our podcast at https://www.masterplanyourretirement.com/resources/episodes Purchase Mark's Book, The Road …
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Annuities: The Good, the Bad, and the Beautiful
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In this video we discuss the pros and cons of annuities and how to make efficient use of them as a retirement planning tool. Visit us online at https://masterplanretire.com/ Catch all episodes of our podcast at https://www.masterplanyourretirement.com/resources/episodes Purchase Mark's Book, The Road Less Traveled: Turning Your Retirement Worries I…
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Today we answer your frequently asked questions covering all things retirement. If you have a retirement question that you would like answered in an upcoming video, email info@masterplanretire.com. Visit us online at https://masterplanretire.com/ Catch all episodes of our podcast at https://www.masterplanyourretirement.com/resources/episodes Purcha…
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Federal Retirement Benefits Part II - Thrift Savings Plan (TSP)
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Today we discuss the retirement savings vehicle of the federal employee, the Thrift Savings Plan. Visit us online at https://masterplanretire.com/ Catch all episodes of our podcast at https://www.masterplanyourretirement.com/resources/episodes Purchase Mark's Book, The Road Less Traveled: Turning Your Retirement Worries Into an Excursion of a Lifet…
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The effects of inflation on your retirement and how to build a plan to help withstand the effects of declining purchasing power through a full retirement. Visit us online at https://masterplanretire.com/ Catch all episodes of our podcast at https://www.masterplanyourretirement.com/resources/episodes Purchase Mark's Book, The Road Less Traveled: Tur…
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Federal Employee Retirement Benefits Part I - FERS Pension
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Join us as we discuss part one of our federal employee retirement benefits overview, the FERS pension. Visit us online at https://masterplanretire.com/ Catch all episodes of our podcast at https://www.masterplanyourretirement.com/resources/episodes Purchase Mark's Book, The Road Less Traveled: Turning Your Retirement Worries Into an Excursion of a …
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There are plenty of risks to be avoided in retirement planning, some obvious and some surprising. However, as is often the case, it's what we don't know that can hurt us the most. Visit us online at https://masterplanretire.com/ Catch all episodes of our podcast at https://www.masterplanyourretirement.com/resources/episodes Purchase Mark's Book, Th…
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As one of America's largest social programs, Social Security is a frequent topic of concern for our nation's retirees. When should you take it? How do you maximize your benefits? Will it even be around by the time you retire? Join us as we discuss the ins and outs of Social Security planning and how it may apply to your retirement. Visit us online …
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Today we have a special episode - we look at MasterPlan Retirement's approach to retirement planning and the phases we take our clients through in developing their personal retirement plan; how a retirement plan is created and how it travels with you through 30+ years of retirement. Visit us online at https://masterplanretire.com/ Catch all episode…
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Taking income from the stock market - Is it possible? Is it advisable? Today we'll be discussing the ins and outs of relying on the stock market for income and why the old ways of retirement planning no longer work. Visit us online at https://masterplanretire.com/ Catch all episodes of our podcast at https://www.masterplanyourretirement.com/resourc…
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Do you have a retirement sherpa? Sherpas are native to the Himalayan mountain region, acclimated to high altitude with deep knowledge of the terrain and weather patterns, hired to guide climbers safely up and down the mountain. A sherpa is a professional. How are you navigating your retirement journey? Visit us online at https://masterplanretire.co…
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LIRP, IUL, Super Roth... it's known by a few different names. Today we discuss and examine the three-legged stool of retirement planning and its potential applications to your retirement plan. Visit us online at https://masterplanretire.com/ Catch all episodes of our podcast at https://www.masterplanyourretirement.com/resources/episodes Purchase Ma…
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What happens to your estate plan post-retirement? One aspect of successful retirement planning that is often overlooked is legacy planning. Not only to provide smooth transitions of your assets but ensuring your legacy is optimized for the next generation and beyond. Visit us online at https://masterplanretire.com/ Catch all episodes of our podcast…
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Are you playing checkers or chess with your retirement? Today we look at a strategic approach to retirement planning and the importance of using the right tools for the job. Visit us online at https://masterplanretire.com/ Catch all episodes of our podcast at https://www.masterplanyourretirement.com/resources/episodes Purchase Mark's Book, The Road…
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