Best Kyle Hammerschmidt Podcasts (2024)

1
Maximizing Retirement Spending & Minimizing Your Overall Tax Bill 20:10

4d ago20:10

20:10

Summary In this episode, Kyle and Kolin discuss steps three and four of a tax-efficient retirement plan. Step three focuses on understanding the order of withdrawals, which involves categorizing money by tax impact and developing a withdrawal strategy. The goals of a withdrawal strategy include maximizing retirement spending, minimizing taxes, enha…

1
The 3 Tax Buckets In Retirement 22:04

6d ago22:04

22:04

Summary In this episode, Kyle and Kolin discuss the three tax funnels that can be used to build a tax-efficient retirement plan. The first funnel is the tax later bucket, where contributions are made with pre-tax dollars, such as employer plans and IRAs. Distributions from this account are taxed as income. The second funnel is the tax now bucket, w…

1
Understanding Provisional Income & How It Affects Taxes On Your Social Security 20:02

21d ago20:02

20:02

In this episode, Kolin and Kyle discuss step number one of a tax-efficient retirement plan: provisional income. Provisional income is used to determine whether a portion of your Social Security benefits are taxable. The four components of provisional income are non-taxable interest, ordinary income, dividends and capital gains, and half of the hous…

1
The 6 Steps To A Tax-Efficient Retirement Plan 24:42

20d ago24:42

24:42

Summary In this episode of the Retire Ready Podcast, Kolin and Kyle discuss the importance of tax planning in retirement. They highlight the underappreciation of tax planning by pre-retirees and their financial advisors, and emphasize that the lack of tax planning can result in paying more taxes than necessary. The hosts provide six steps to buildi…

1
Hiring A Financial Advisor: The 6 Biggest Mistakes to Avoid 19:20

1M ago19:20

19:20

Summary In this conversation, Kyle and Kolin discuss the mistakes people make when hiring a financial advisor. They highlight 6 key mistakes and provide advice on how to avoid them. The mistakes include ignoring the importance of tax planning, not having a strategic investment plan, confusing fee-based and fee-only advisors, focusing on investments…

1
Mailbag: Should I Take Social Security Now Or Wait Until I’m Done Working? 14:22

4M ago14:22

14:22

This week on the show, we’re diving into the mailbag to answer some recent listener questions that have landed in Kyle’s inbox. He will share his thoughts on these inquiries and share helpful tips for those of you who might’ve found yourself in a similar situation. Stay tuned to see what you can learn! Here are the questions we tackle in today’s sh…

1
Money Mistakes You'll Regret and How to Avoid Them 16:00

7M ago16:00

16:00

“Learn from the mistakes of others. You can’t live long enough to make them all yourself.” – Eleanor Roosevelt… Ever wish you could foresee financial missteps before they happen? In today’s episode explore some real-life stories of regret and arm yourself with the essential dos and don'ts to ensure your money works for you, not against you. Here’s …

1
Retirement Planning’s “Hidden” Questions 14:03

7M ago14:03

14:03

The retirement planning world is filled with plenty of advice and suggestions, but there are critical questions lurking in the shadows – the unasked, the overlooked. These are the questions that can help define the comfort and security of your retirement future. In this episode, we unearth and tackle these hidden, but essential questions about reti…

1
Are There Universal Retirement Truths? (PART 2) 14:38

8M ago14:38

14:38

Retirement is a unique journey for each of us. The thought that there's a one-size-fits-all solution is a myth, but what if we told you there are certain universal truths that can guide every retiree? We’ve split this list of 10 truths into two episodes, and part one focused on income planning, long-term care, investing, longevity and inflation. To…

1
Are There Universal Retirement Truths? (PART 1) 12:58

8M ago12:58

12:58

Retirement is a unique journey for each of us. The thought that there's a one-size-fits-all solution is a myth, but what if we told you there are certain universal truths that can guide every retiree? Dive deep in this episode, where we juxtapose the individuality of retirement plans with the foundational principles that remain consistent across th…

1
Exposing Retirement Planning Complaints 15:52

9M ago15:52

15:52

In this episode, we’re tackling some common complaints and fears that can arise during the retirement planning process. These complaints often include concerns about advisors taking too much risk, dissatisfaction with account growth, high fees, worries about Social Security not being enough to retire on, and more. We'll discuss which concerns are w…

1
Breaking Up is Hard: Navigating the Transition to a New Financial Advisor 14:50

10M ago14:50

14:50

In today's episode, we'll explore the sensitive and significant process of transitioning from one financial advisor to another. We'll cover how to recognize when your current advisor may no longer be serving your financial needs effectively, the right questions to ask, and crucial factors to consider when searching for a new financial partner. Join…

1
Bad Money Habits Could Spoil Your Retirement Party 17:01

11M ago17:01

17:01

Picture this: You're at your retirement party, finally ready to enjoy your golden years, but worries caused by some bad money habits have robbed you of fully enjoying the sweetness of the day. It happens to more people than you think, which is unfortunate because, with just a little bit of modification, you can rid some of the worst money habits fr…

1
Counterintuitive Advice: Why You Should NOT Invest In A 401(k) 12:38

11M ago12:38

12:38

Don’t get us wrong. In many cases, your 401(k) can be your best investment vehicle, offering numerous benefits and tax advantages and many times a 100% return on some of your contributions (also known as an employer match). However, it's important to recognize that it might not always be the optimal choice for everyone. Join us in this thought-prov…

1
Dismantling 2023’s Top 10 Social Security Myths (Part 2) 13:23

12M ago13:23

13:23

We’ll be debunking common myths about Social Security and answering the questions you might be curious about. Since we have a list of 10 to break down, we’ll divide it up into two episodes so make sure you check out both. In part two, we’ll focus on who is eligible for benefits, how they get calculated, and how working will affect your benefit. Her…

1
Dismantling 2023’s Top 10 Social Security Myths (Part 1) 13:30

1y ago13:30

13:30

In this episode, we'll be debunking common myths about Social Security and answering the questions you've been curious about. Since we have a list of 10 to breakdown, we’ll divide it up into two episodes so make sure you check out both. Here are the myths we’ll discuss today: The Social Security Administration will help you make the best decision a…

1
Retirement Savings Basics: What’s The Purpose Of All My Accounts? 17:48

1y ago17:48

17:48

Are you aware that not all retirement accounts are created equal? It's crucial to understand the purpose and advantages of each type of account to make the best choice for your future. In this episode, we'll delve into the different types of retirement accounts, including 401(k)s, IRAs, Roths, and several other examples. Here are a few examples of …

1
Top Ten Tax Questions For Retirees In 2023 16:54

1y ago16:54

16:54

Retirement can come with a lot of tax questions and concerns. From understanding the tax implications of withdrawing from your retirement accounts to minimizing taxes on investment income, it can be overwhelming. In today’s episode, we’ll break down the top ten tax questions retirees are asking in 2023. Join us today as we discuss these things: The…

1
The Smart Tax Roadmap 18:39

1y ago18:39

18:39

Today, we're walking you through "The Smart Tax Roadmap" – six steps to building a tax-efficient retirement plan. Ultimately, we'll help show you how your different types of retirement income are taxed in different ways. Here's an overview of the steps: Master provisional income Categorize your money by tax impact Order your income withdrawals Meas…

1
The 5 Effects of Roth Conversions 13:19

1y ago13:19

13:19

A Roth conversion is a process of moving funds from a traditional Individual Retirement Account (IRA) or a qualified retirement plan (like a 401k) to a Roth IRA. This conversion means that the account holder will owe income taxes on the converted amount, but once the conversion is complete, all future earnings and withdrawals from the Roth IRA will…

1
Mailbag: Should I Pay Off My Mortgage Before Buying Rental Properties? 14:00

2y ago14:00

14:00

We answer some listener questions on today's episode. We will talk about if using your commissions is a good retirement saving strategy, being tax efficient, and if you should pay off your mortgage before investing in rental properties. Helpful Info: Kyle's website: http://www.mokanwealth.com/ Phone: 913-257-3991 Tax-Free Retirement Toolkit: http:/…

1
Planning For Retirement’s Uncertainties 13:54

2y ago13:54

13:54

There are many things that we know we’ll have to deal with in retirement, we just don’t know how to predict when or to what degree. How do you construct a plan that deals with the unpredictability of these different factors? Helpful Info: Kyle's website: http://www.mokanwealth.com/ Phone: 913-257-3991 Tax-Free Retirement Toolkit: http://www.mokanwe…

1
Are You A Risk Taker? How To See If Your Tolerance For Risk Matches Your Plan 16:40

2y ago16:40

16:40

Let’s see if your tolerance for risk matches your financial plan. What should you do if that balance is out of whack? What if you’re a natural risk taker, but you really shouldn’t be when it comes to your finances? We’ll explore all of these angles as we break down the role of risk in your financial and retirement plan. Helpful Info: Kyle's website…

1
Spotting Red Flags When Picking An Advisor 13:32

2y ago13:32

13:32

Do you know what red flags, but also some good signs, to be on the lookout for when you’re searching for an advisor to work with as you prepare for retirement? On this episode, we’ll give you some red flags to be aware of, and teach you how to spot them. Helpful Info: Kyle's website: http://www.mokanwealth.com/ Phone: 913-257-3991 Tax-Free Retireme…

1
Secret To Retirement Success: Get Out Of Your Own Way 16:49

2y ago16:49

16:49

There are plenty of external factors that often negatively influence our chances of having a successful retirement. But often, failure comes from within. On this episode, we’ll talk about some of the common ways people get in their own way when it comes to financial planning. Helpful Info: Kyle's website: http://www.mokanwealth.com/ Phone: 913-257-…

1
Can I Retire At 55? 19:23

2y ago19:23

19:23

A recent Yahoo! Finance article explored the idea of retiring early at the age of 55 to see if it was feasible. We’ll break down some of the issues facing folks who want to retire early on this episode, but for some additional fun let’s look at the comment section to see what questions and advice the peanut gallery has for us to consider. Yahoo Art…

1
The Most Important Birthdays In Retirement Planning 15:56

2y ago15:56

15:56

There are certain age milestones where you should really pay attention to your retirement planning progress. On this episode, we’ll look at the most important birthdays as you approach retirement and cover the exact things you should be checking off your to-do list at each age. Helpful Info: Kyle's website: http://www.mokanwealth.com/ Phone: 913-25…

1
Understanding Financial Jargon: Investment Terms You Should Know 13:38

2y ago13:38

13:38

There are some important terms you’re going to come across as you prepare for retirement. Having a basic understanding of these will help you achieve financial success, so we’ll cover what they mean and what you should know on today’s episode. And don’t worry. We won’t go quite so far down the rabbit hole where we expect you to be able to explain h…

1
Who Even Needs A Financial Advisor? 14:58

2y ago14:58

14:58

Some people feel that they’ll save money by handling their investments themselves instead of working with an advisor. Others may like the challenge of doing it themselves. Still others just don’t know who to trust so they end up not working with anyone. Let’s talk about some reasons that you might need an advisor. Helpful Info: Kyle's website: http…

1
Planning For Things We Can’t Predict 13:18

2y ago13:18

13:18

There are certain things in life we just can’t predict. If we knew the answers to some of these questions, planning for retirement would sure be a lot easier. So let’s see how you go about constructing a plan that addresses the kinds of questions to which you can’t possibly know the answers. Helpful Info: Kyle's website: http://www.mokanwealth.com/…

1
Retirement Potpourri: Fill In The Blank 14:43

2+ y ago14:43

14:43

Time for a little fun on this episode. We’ll use some fill in the blank prompts to spark good discussion about relationships between advisors and their clients, the stock market, common planning mistakes, and much more! Helpful Info: Kyle's website: http://www.mokanwealth.com/ Phone: 913-257-3991 Tax-Free Retirement Toolkit: http://www.mokanwealth.…

1
Don’t Fumble Your Retirement In The Financial Red Zone 10:54

2+ y ago10:54

10:54

In football, teams are extra careful not to make a mistake when they get within about 20 yards of scoring points (known as the Red Zone). They’ve typically worked hard to get to that point and don’t want to cost themselves by throwing an interception or fumbling the ball and giving it to the other team. On this episode, we’ll explore the financial …

1
22 Money Resolutions for 2022, Part 2 16:40

2+ y ago16:40

16:40

This is part 2 to our resolutions for 2022. See if you might be able to implement a couple of these to kick off the new year in good, financial health. Helpful Info: Kyle's website: http://www.mokanwealth.com/ Phone: 913-257-3991 Tax-Free Retirement Toolkit: http://www.mokanwealth.com/shock/ Subscribe to The Retire Ready Weekly Newsletter Get more …

1
22 Money Resolutions for 2022, Part 1 21:27

2+ y ago21:27

21:27

You might not be able to follow through on all 22 of these resolutions, but implement even just a few of these and you’ll be well on your way to a more prosperous financial life in the coming year. We will go over the first 11 resolutions on today's show. Helpful Info: Kyle's website: http://www.mokanwealth.com/ Phone: 913-257-3991 Tax-Free Retirem…

1
Where Financial Advisors Drop The Ball 13:56

2+ y ago13:56

13:56

We see a lot of people who aren’t getting the kind of advice and service from their financial advisor that they should be. In a lot of cases, the advisor is only "managing the investments,” but not providing guidance in other areas. Let’s talk about some of the things that your advisor should be doing. Helpful Info: Kyle's website: http://www.mokan…

1
Handling Unreasonable Requests 16:40

2+ y ago16:40

16:40

Certainly, none of our podcast listeners would be guilty of making unreasonable requests, but let’s talk about some of the unreasonable requests we hear from others in the financial world. We’ll explore what makes them unreasonable and what proper expectations look like instead. Helpful Info: Kyle's website: http://www.mokanwealth.com/ Phone: 913-2…

1
Financial Mistakes Couples Often Make 14:28

2+ y ago14:28

14:28

Getting husbands and wives on the same page with their retirement plan can often be a challenge. Let’s talk about some of the things that couples often mess up. Helpful Info: Kyle's website: http://www.mokanwealth.com/ Phone: 913-257-3991 Tax-Free Retirement Toolkit: http://www.mokanwealth.com/shock/ Subscribe to The Retire Ready Weekly Newsletter …

1
Spotting Red Flags In Your Finances 15:47

2+ y ago15:47

15:47

Depending on your answers, the questions we cover on today’s show might raise red flags about your finances. Helpful Info: Kyle's website: http://www.mokanwealth.com/ Phone: 913-257-3991 Tax-Free Retirement Toolkit: http://www.mokanwealth.com/shock/ Subscribe to The Retire Ready Weekly Newsletter Get more information on The Retire Ready Academy Loo…

1
Just What The Financial Doctor Ordered 14:05

2+ y ago14:05

14:05

So, you’re experiencing some concerning symptoms? Let’s have a visit with the money “doctor” to see what financial prescriptions you might need. Helpful Info: Kyle's website: http://www.mokanwealth.com/ Phone: 913-257-3991 Tax-Free Retirement Toolkit: http://www.mokanwealth.com/shock/ Subscribe to The Retire Ready Weekly Newsletter Get more informa…

1
Retirement Plan Customization Is King 13:36

2+ y ago13:36

13:36

Most people understand that a customized retirement plan is much better than a one-size-fits-all approach. And yet, most people don’t have a plan that’s truly customized. Let’s talk about some of the things that need to be considered if you’re going to build a truly customized plan. Helpful Info: Kyle's website: http://www.mokanwealth.com/ Phone: 9…

1
Not Your Father’s Retirement 14:35

3y ago14:35

14:35

If you’re of the age that your mom and dad retired 20 or 30 years ago, the world was a much different place when they walked away from their paychecks. Let’s talk about how things are different now. Helpful Info: Kyle's website: http://www.mokanwealth.com/ Phone: 913-257-3991 Tax-Free Retirement Toolkit: http://www.mokanwealth.com/shock/ Subscribe …

1
Learning Through Uncommon Sense 14:51

3y ago14:51

14:51

At first glance, each of these statements seem like basic common sense that everyone agrees with. But when we look at the way people actually behave with their money, it seems that common sense is actually a bit uncommon. Helpful Info: Kyle's website: http://www.mokanwealth.com/ Phone: 913-257-3991 Tax-Free Retirement Toolkit: http://www.mokanwealt…

1
Fact Or Fiction 13:09

3y ago13:09

13:09

Sometimes the easiest way to learn about something is make it really simple. Like some of the first true/false tests you might have taken in school, let’s play a round of fact or fiction to test your financial planning acuity. Helpful Info: Kyle's website: http://www.mokanwealth.com/ Phone: 913-257-3991 Tax-Free Retirement Toolkit: http://www.mokan…

1
Flirting With Disaster 14:02

3y ago14:02

14:02

Let’s talk about some of the areas of your financial life where you might be flirting with disaster and don’t even know it. Helpful Info: Kyle's website: https://mokanfinancial.com/ Phone: 913-257-3991 Tax-Free Retirement Toolkit: https://mokanfinancial.com/shock/ Subscribe to The Retire Ready Weekly Newsletter Get more information on The Retire Re…

1
This Is Why You Never Assume 12:06

3y ago12:06

12:06

We often see people making certain assumptions about retirement that just aren’t correct. Let’s explore some of those on today's show. Helpful Info: Kyle's website: https://mokanfinancial.com/ Phone: 913-257-3991 Tax-Free Retirement Toolkit: https://mokanfinancial.com/shock/ Subscribe to The Retire Ready Weekly Newsletter Get more information on Th…

1
March Madness Retirement Lessons 12:59

3y ago12:59

12:59

It’s an annual tradition! Well, except for 2020 when the tournament was cancelled. But it’s time to look at the NCAA tournament and see what kind of financial planning lessons we can learn from it. Helpful Info: Kyle's website: https://mokanfinancial.com/ Phone: 913-257-3991 Tax-Free Retirement Toolkit: https://mokanfinancial.com/shock/ Subscribe t…

1
Getting More Involved In Retirement Planning 14:59

3y ago14:59

14:59

On this episode, let’s go over some tips for how men, or women can get back in the game when it comes to involvement in the process of making financial decisions. Helpful Info: Kyle's website: https://mokanfinancial.com/ Phone: 913-257-3991 Tax-Free Retirement Toolkit: https://mokanfinancial.com/shock/ Subscribe to The Retire Ready Weekly Newslette…

1
2021 Tax Tips Recap 16:27

3y ago16:27

16:27

As you get ready to file 2020 taxes and look ahead to the rest of this year’s tax implications, let’s cover some of the changes you need to be aware of and answer some important tax questions. Helpful Info: Kyle's website: https://mokanfinancial.com/ Phone: 913-257-3991 Tax-Free Retirement Toolkit: https://mokanfinancial.com/shock/ Subscribe to The…

1
Mailbag Show 18:46

3+ y ago18:46

18:46

Today we answer some mailbag questions that have come into the show over the past few weeks. We discuss early Social Security, strategically using life insurance, and much more. Helpful Info: Kyle's website: https://mokanfinancial.com/ Phone: 913-257-3991 Tax-Free Retirement Toolkit: https://mokanfinancial.com/shock/ Subscribe to The Retire Ready W…

1
What Are The Three Qualities Of Money? 13:55

3+ y ago13:55

13:55

If you don’t know the answer to the question, then this episode is for you. On this episode, we’ll explore the three qualities of money, discuss whether you can achieve them in a single investment, and how to put the right emphasis on the different qualities. It’s really quiet basic, but understanding these fundamentals can make an enormous differe…

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