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401K Rules in Retirement After Reaching Age 50
Manage episode 434987221 series 2810299
Content provided by Radon Stancil, CFP® & Murs Tariq, CFP®, Radon Stancil, and Murs Tariq. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Radon Stancil, CFP® & Murs Tariq, CFP®, Radon Stancil, and Murs Tariq or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss the essential rules and considerations surrounding your 401K as you approach and surpass the age of 50. Age 50 is a pivotal milestone when it comes to retirement planning, with key changes in contribution limits, withdrawal rules, and rollover options that can significantly impact your financial strategy. Understanding these rules can help you optimize your retirement savings and avoid costly mistakes.
Listen in to learn about the benefits of catch-up contributions, how to navigate the complex rules for 401K withdrawals after age 50, and the strategic opportunities available for Roth IRA conversions. Radon and Murs provide actionable insights to help you make informed decisions, ensuring your retirement documents are up-to-date and aligned with your financial goals.
In this episode, find out:
- The significance of catch-up contributions for those 50 and older.
- Key withdrawal rules after age 59 ½ and how to avoid penalties.
- How to take advantage of the age 55 rule if you plan to retire early.
- The benefits and considerations of rolling over a 401K to a Roth IRA.
- The importance of reviewing and updating beneficiary designations in your retirement accounts.
Tweetable Quotes:
- “Turning 50 opens up new opportunities in your 401K that can significantly boost your retirement savings.” – Radon Stancil
- “Don’t overlook the power of catch-up contributions; it’s a chance to make up for lost time and enhance your retirement fund.” – Murs Tariq
Resources:
If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!
300 episodes
ShareManage episode 434987221 series 2810299
Content provided by Radon Stancil, CFP® & Murs Tariq, CFP®, Radon Stancil, and Murs Tariq. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Radon Stancil, CFP® & Murs Tariq, CFP®, Radon Stancil, and Murs Tariq or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss the essential rules and considerations surrounding your 401K as you approach and surpass the age of 50. Age 50 is a pivotal milestone when it comes to retirement planning, with key changes in contribution limits, withdrawal rules, and rollover options that can significantly impact your financial strategy. Understanding these rules can help you optimize your retirement savings and avoid costly mistakes.
Listen in to learn about the benefits of catch-up contributions, how to navigate the complex rules for 401K withdrawals after age 50, and the strategic opportunities available for Roth IRA conversions. Radon and Murs provide actionable insights to help you make informed decisions, ensuring your retirement documents are up-to-date and aligned with your financial goals.
In this episode, find out:
- The significance of catch-up contributions for those 50 and older.
- Key withdrawal rules after age 59 ½ and how to avoid penalties.
- How to take advantage of the age 55 rule if you plan to retire early.
- The benefits and considerations of rolling over a 401K to a Roth IRA.
- The importance of reviewing and updating beneficiary designations in your retirement accounts.
Tweetable Quotes:
- “Turning 50 opens up new opportunities in your 401K that can significantly boost your retirement savings.” – Radon Stancil
- “Don’t overlook the power of catch-up contributions; it’s a chance to make up for lost time and enhance your retirement fund.” – Murs Tariq
Resources:
If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!
300 episodes
All episodes
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1 The Peace of Mind Pathway – Step 3 – Nurture 19:25
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Play Later Play Later Lists Like LikedIn this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss the third and final step in the Peace of Mind Pathway— Nurture . After creating a retirement-focused plan and implementing key strategies, nurturing your plan is what keeps it strong and adaptive for the long haul. Much like maintaining a car on a long road trip, your financial plan needs regular checkups, updates, and care to remain effective. This episode walks through the structure and purpose of your ongoing financial advisor meetings , and how regular reviews help you manage changes in income, required minimum distributions (RMDs) , risk tolerance, and personal goals. Listen in to learn about the critical components of an annual retirement planning process —including the Roth conversion strategy , retirement tax planning , and long-term care considerations. Radon and Murs outline the cadence of two core strategy meetings each year: the Financial Plan Review and the Tax Strategy Meeting. You’ll also discover how their team supports clients with proactive retirement education , timely updates, and a collaborative, team-based approach to financial planning for retirement . In this episode, find out: · Why nurturing your plan is essential to retiring comfortably . · What happens in the Financial Plan Strategy Meeting and how it supports your evolving goals. · The value of the Tax Strategy Meeting and how it aligns with your retirement tax strategy . · How long term care planning and beneficiary reviews are integrated annually. · The importance of communication and ongoing retirement education to keep your plan on track. Tweetable Quotes: "Building a retirement plan is just the beginning—nurturing it ensures you stay on track through every stage of life." – Radon Stancil "Strategy meetings are not just check-ins; they’re where proactive planning meets real-life updates to secure your retirement." – Murs Tariq Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit POMWealth.net/podcast .…
1 The Peace of Mind Pathway – Step 2 – Implementation 21:12
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Play Later Play Later Lists Like LikedIn this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss the second step in the Peace of Mind Pathway— Implementation . This is where the planning becomes reality. After building your personalized retirement roadmap , it's time to put your financial planning for retirement into motion. From investment transitions to estate documents and tax strategy retirement planning, this episode walks you through what happens after you say, “I’m ready.” It's not just about moving assets—it’s about building a solid structure to retire confidently and comfortably. Listen in to learn about the intentional and methodical approach used at Peace of Mind Wealth Management to ensure your retirement income strategy , healthcare coverage, long term care planning , and retirement tax planning are all set up efficiently. This step-by-step retirement planning process also includes evaluating your current estate plan, understanding your Medicare and retirement options, and implementing a bucket strategy for retirement that aligns with your comfort level and goals. Discover how implementation isn’t a one-time task—it’s the beginning of a lasting, flexible retirement journey. In this episode, find out: · What happens when you decide to move forward with your retirement plan. · How asset transfers are managed through trusted custodians like Schwab or Fidelity. · Why implementation is paced over months to ensure thoughtful decision-making. · The key components of investment strategy for retirees , tax efficiency, and legal documentation. · How the Peace of Mind Pathway supports retiring comfortably through long-term care and Medicare strategy. Tweetable Quotes: “Implementation is not a one-and-done step—it’s the launchpad for long-term retirement success.” – Radon Stancil “We take baby steps with purpose, so every element of your retirement plan gets the attention it deserves.” – Murs Tariq Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit: POMWealth.net/podcast…
1 The Peace of Mind Pathway – Step 1 – Your Roadmap 22:19
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Play Later Play Later Lists Like LikedIn this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss the foundational first step in their three-part Peace of Mind Pathway: The Peace of Mind Roadmap. This step is all about creating a personalized retirement roadmap to help you clearly define where you are, where you want to go, and what your journey through retirement will look like. Through real examples and a GPS-style analogy, they break down the importance of clarity and confidence when beginning the retirement planning process . The roadmap goes far beyond investments—it covers your retirement goals , Retirement income strategy , tax planning , estate planning , and more. Listen in to learn about how building a retirement-focused financial plan can reduce stress, reveal opportunities, and help you retire comfortably. You'll hear how an introductory meeting evolves into a comprehensive, personalized strategy session that gives you direction and peace of mind. With topics ranging from Roth conversions in retirement to bucket strategy retirement , this episode is perfect for anyone who’s ready to take their first step toward a secure your retirement future. In this episode, find out: · Why the Peace of Mind Roadmap is critical to financial planning for retirement · How your personalized GPS for retirement guides your unique journey · The role of planning meetings and how they evolve into strategy sessions · How to evaluate your retirement destination and adjust along the way · The impact of Roth conversions , healthcare costs, and charitable giving on your plan Tweetable Quotes: "Your retirement plan should function like a GPS—clear, adaptable, and designed around your unique destination." – Radon Stancil "A well-crafted roadmap gives you more than numbers—it gives you the confidence to enjoy your retirement journey." – Murs Tariq Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit POMWealth.net/podcast…
1 Retirement Hobbies and Activities - What Today's Retirees Love to Do 20:41
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Play Later Play Later Lists Like LikedIn this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss the fun and fulfilling side of retirement: retirement hobbies and retirement activities . After years spent working and raising families, many retirees look forward to rediscovering passions or picking up new interests. Radon and Murs explore why hobbies after retirement are so important for mental, physical, and emotional well-being and share some of the most popular retirement lifestyle ideas embraced by today's retirees. Listen in to learn about fun things to do in retirement , from volunteering in retirement and gardening to traveling and staying active with sports like pickleball. They also discuss how participating in activities after retirement helps build social connections, promotes lifelong learning, and keeps retirees energized. If you're planning retirement lifestyle goals, this episode is full of practical inspiration to help you retire comfortably and secure your retirement . In this episode, find out: · Why it's crucial to plan hobbies for seniors ahead of retirement. · The best ways to incorporate fun things to do in retirement into daily life. · How volunteering in retirement benefits your health and social life. · Why activities like gardening, traveling, and learning are top picks for retirees. · Tips for trying new activities for retirees and building a fulfilling lifestyle. Tweetable Quotes: "Retirement is the perfect time to invest in yourself through hobbies that inspire, energize, and bring joy." — Radon Stancil "Having an active retirement isn't just fun—it's essential for your mental, physical, and emotional well-being." — Murs Tariq Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit POMWealth.net/podcast .…
In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss the " 2025 1st Quarter Economic Update " with special guest Tom Siomades, Chief Market Economist. Together, they break down the real story behind the numbers and headlines from the first quarter of 2025, offering valuable insights into the 2025 market outlook , economic trends 2025 , and the complexities around tariffs and the economy . As volatility and uncertainty persist, understanding the true state of the economy becomes crucial for anyone involved in Retirement Planning . Listen in to learn about the potential impact of the 2025 recession talk, the Inflation outlook 2025 , consumer behavior trends like Consumer spending 2025 , and how the Federal Reserve is navigating these turbulent times. Whether you're planning for retirement or adjusting your financial strategy, this economic update offers clear-eyed guidance for financial planning for 2025 and beyond. In this episode, find out: How the "January effect" influenced the 2025 market outlook . The role tariffs and the economy are playing in increased market volatility. The importance of consumer sentiment and Consumer spending 2025 . How the Federal Reserve 's decisions are being pressured by current economic conditions. Insights into the economic forecast 2025 and how it impacts Retirement Planning . Tweetable Quotes: "Economic uncertainty is a given, but having a well-structured retirement plan prepares you for whatever comes next." – Radon Stancil "Even in volatile times, sticking to a flexible, diversified strategy is the key to retiring comfortably." – Murs Tariq Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit POMWealth.net/podcast .…
1 Life in Focus – Preserving Memories in the Modern Age 21:57
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Play Later Play Later Lists Like LikedIn this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss the art and importance of Preserving Memories with Angela Andrew, Product Evangelist for the Mylio App. In an age where digital images accumulate rapidly but often remain disorganized, Mylio offers a transformative solution for families looking to protect and share their memories. This episode dives into how the app simplifies Digital photo organization , helps Backup family photos , and creates a seamless structure for Family photo storage that enhances your Legacy planning . Listen in to learn about the value of Memory preservation not just as a digital convenience, but as a way to remember loved ones and tell your family's story across generations. Whether you're looking to scan old photos , organize digital photos , or understand how to organize photos from multiple sources, this episode shows how Mylio empowers you to create a meaningful and secure photo backup plan. With privacy-first features, family sharing options, and facial recognition, this is a must-listen for anyone preparing to retire comfortably and pass on more than just financial assets. In this episode, find out: How the Mylio app helps centralize and organize photos from various sources. Why Photo legacy and Family history photos matter for future generations. The importance of Secure photo backup beyond just cloud services. How to use face-tagging, calendar views, and location data to enhance organization. Tips on Sharing photos with family while maintaining privacy. Tweetable Quotes: "Legacy isn’t always about wealth—it’s about memories, photos, and the stories we pass down." – Radon Stancil "We create memories every day, but organizing and preserving them ensures they actually live on." – Murs Tariq Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit POMWealth.net/podcast .…
In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss a crucial yet often confusing topic for retirees: Required Minimum Distributions (RMDs) . Joined by their colleague Taylor Wolverton, a Certified Financial Planner and Enrolled Agent, they break down the rules surrounding what are RMDs , how they’re calculated, and the updates brought by the Secure Act RMD changes . If you're unsure about RMD rules 2025 , or when and how much to take from your retirement accounts, this episode is for you. Listen in to learn about the mechanics of how do RMDs work , from when to take RMDs to how they’re taxed and the penalties for missing one. The episode also explores RMD for retirement accounts like IRAs and 401(k)s, RMD tax rules , and even strategies like RMD and charitable giving . Whether you're planning ahead or facing your first required withdrawal, understanding your obligations is key to effective retirement tax planning and preserving your wealth. In this episode, find out: · What qualifies as a required minimum distribution and who it applies to. · Updated RMD start ages under the Secure Act RMD changes . · How RMDs are calculated using the IRS Uniform Lifetime Table. · The tax implications of RMDs and how to manage them effectively. · Smart options for reinvesting or donating your RMD. Tweetable Quotes: "You can’t put RMDs back into an IRA or convert them to Roth—but you can reinvest them into a brokerage or give to charity tax-free." – Radon Stancil "Even if you don’t need the money, RMDs are required—it’s about paying back the taxes you’ve deferred for years." – Murs Tariq Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit POMWealth.net/podcast .…
In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss what it truly means to be an executor of an estate. Joined by special guest Dave Hutton, an estate attorney with Wealth.com, they break down the essential estate executor duties and estate executor responsibilities in a way that is easy to understand. Whether you've been named an executor or are considering who to appoint, this episode provides the foundational knowledge you need to make informed decisions. Listen in to learn about the critical role of an executor, how the probate process works, and how thoughtful estate planning for retirement can help streamline the experience for your loved ones. With practical tips, real-world scenarios, and an overview of executor compensation , this episode demystifies a process many find overwhelming. In this episode, find out: · What is an executor and what powers they actually have · The difference between executor vs trustee and why both may be needed · How the probate process works and why avoiding it might be preferable · Key executor responsibilities like settling debts, managing distributions, and navigating court timelines · The importance of aligning your estate plan with your retirement strategy Tweetable Quotes: “You don’t want the court to pick your executor—you want to make sure the right person is chosen by you.” – Radon Stancil “Being an executor comes with power, but also responsibility—and that includes understanding the law and honoring the will.” – Murs Tariq Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit POMWealth.net/podcast…
1 Tariffs – What They Are – How They Work – How They Impact You 21:19
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Play Later Play Later Lists Like LikedIn this Episode of the Secure Your Retirement Podcast, Radon Stancil and Murs Tariq discuss a timely and often misunderstood topic: tariffs . With tariffs frequently making headlines, especially in relation to trade disputes like the US China trade war , it’s critical to understand what tariffs are and how do they work —particularly for those in or nearing retirement. Radon and Murs break down how tariffs work , how they’re implemented, and most importantly, what the Impact of tariffs could mean for your personal financial plan. Listen in to learn about the ways tariffs and inflation can influence retirement expenses, affect your investment strategies, and ultimately play a role in your financial planning in retirement . By understanding the mechanics behind trade policies and their economic ripple effects, you’ll gain clarity on how to plan for retirement , regardless of how global politics unfold. Radon and Murs also discuss how their Peace of Mind Pathway and bucket investment strategy helps clients stay prepared for unpredictable changes like trade war effects . In this episode, find out: · What are tariffs and their role in trade policy. · How do tariffs work and how they're implemented. · The Impact of tariffs on inflation and consumer pricing. · Lessons from the US China trade war and how trade disputes evolve. · How to create a resilient retirement plan that addresses economic volatility. Tweetable Quotes: "We’re not here to judge whether tariffs are good or bad—but understanding how they work helps reduce financial anxiety." – Radon Stancil "A well-built retirement strategy should account for inflation, market volatility, and even things like tariffs and trade wars." – Murs Tariq Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit POMWealth.net/podcast .…
In this episode of the Secure Your Retirement Podcast, Radon Stancil and Murs Tariq discuss the Retirement Checklist Challenge , a structured approach to evaluating how prepared you are for retirement. They introduce a Retirement Checklist covering Retirement Income Planning , Tax-Efficient Retirement Strategies , Medicare and Retirement , Long-Term Care Planning , Risk Management , and Estate Planning for Retirees . The goal of the challenge is to help you assess your readiness by scoring yourself on 34 key factors that contribute to a Secure Retirement Plan . Listen in to learn about Financial Planning for Retirement , strategies for Retirement Savings , and ensuring a stress-free transition to retirement. Whether you're already retired or preparing for the next phase, this episode will help you plan for retirement effectively, identifying potential gaps in your strategy. You’ll also learn how to access the full Retirement Checklist to take the challenge yourself! In this episode, find out: · Why Retirement Income Planning is crucial to maintaining financial security. · How to evaluate your Social Security Strategies and income sources. · The importance of Tax-Efficient Retirement Strategies to minimize tax burdens. · How to assess your Medicare and Retirement options effectively. · The role of Risk Management and diversification in protecting your retirement. Tweetable Quotes: "A well-prepared retirement starts with understanding your income, healthcare, and tax strategies—take the Retirement Checklist Challenge to see where you stand!" – Radon Stancil "Retirement planning isn't just about saving money—it's about ensuring you have the right strategy for income, taxes, healthcare, and long-term security." – Murs Tariq Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit POMWealth.net/podcast .…
1 Why Private Equity and Alternative Investments Matter 39:02
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Play Later Play Later Lists Like LikedIn this episode of the Secure Your Retirement Podcast, Radon Stancil and Murs Tariq discuss the world of Private Equity Investing and Alternative Investments with Christopher Zook, the founder and Chief Investment Officer of CAZ Investments. CAZ Investments specializes in Investing in Private Markets , including Private Equity , Private Credit , and even Investing in Sports Teams . Christopher, who co-authored "The Holy Grail of Investing" with Tony Robbins , shares valuable insights into how these Alternative Investment Strategies can provide access to high-quality opportunities typically unavailable to individual investors. Listen in to learn about Non-Correlated Assets and their role in Risk Management in Investing , helping to stabilize portfolios against market fluctuations. Christopher explains how his firm focuses on diversification with non-traditional investments, offering access to exclusive deals that can enhance wealth management strategies. Whether you're planning for retirement or looking for Secure Retirement Investments , this conversation provides valuable perspectives on how to plan for retirement using alternative investments beyond the public markets . In this episode, find out: · The key differences between Public Markets and Private Equity Investing . · How Alternative Investment Strategies provide diversification and risk reduction. · Why Investing in Sports Teams and other private markets is becoming more accessible. · The concept of Non-Correlated Assets and how they impact portfolio stability. · How to invest in private equity and access high-quality opportunities. Tweetable Quotes: "The key to risk management in investing is alignment—when you're invested alongside your clients, you're making decisions that benefit everyone." – Radon Stancil "Diversification isn't just about owning different stocks; it's about Non-Correlated Assets that perform independently, reducing overall risk." – Murs Tariq Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit POMWealth.net/podcast .…
1 The High Net Worth Guide to Secure Your Retirement 31:28
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Play Later Play Later Lists Like LikedIn this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss the essential steps to creating a comprehensive financial plan designed for high-net-worth retirement. Joined by Nick Hymanson, CFP®, they walk through the emotional and financial transition from accumulating wealth during your working years to distributing that wealth to fund your retirement. They tackle the critical components of financial planning for retirement, including risk management, retirement income planning, and investment strategies that allow you to retire comfortably and confidently. Listen in to learn about how a solid retirement investment strategy, focused on the Three Bucket Strategy, can help reduce sequence of returns risk and provide clarity and peace of mind. With today’s market volatility and increasing long-term care costs, it’s more important than ever to create a retirement planning guide that ensures your income, protects your assets, and helps you secure your retirement future through thoughtful tax strategies in retirement, retirement withdrawal strategies, and more. In this episode, find out: · How the Peace of Mind Pathway guides you from working years to retirement with confidence. · Why sequence of returns risk can derail your plan and how to protect against it. · What makes the Three Bucket Strategy essential for high-net-worth retirement success. · The growing importance of long-term care planning in today’s retirement landscape. · Key retirement withdrawal strategies to create predictable, reliable income for decades. Tweetable Quotes: "Our whole concept revolves around the Peace of Mind Pathway—it's not just about investments, it's about creating a complete plan to secure your retirement." — Murs Tariq "The safety bucket is what allows you to sleep at night. It's the foundation that keeps you from worrying about daily market swings." — Murs Tariq Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit POMWealth.net/podcast .…
In this episode of the Secure Your Retirement Podcast, Radon and Murs discuss the essential aspects of setting your retirement planning goals to ensure you're not only prepared but also confident in your transition into retirement. Whether you are five to ten years out or already retired, having a clear retirement planning checklist is crucial to help you address areas like financial goal planning , lifestyle desires, and family considerations. They share real-life experiences of how thoughtful preparation helps people retire comfortably and why retirement planning is important for creating peace of mind. Listen in to learn about the different categories of financial planning for retirement , from understanding retirement income sources to preparing for healthcare costs and legacy planning. Radon and Murs cover practical strategies to help you navigate questions like how to retire early , how to manage taxes, and what steps are needed to support both your family and business as you plan for retirement . Whether you're seeking clarity on your next move or aiming to build confidence in your retirement future, this episode will guide you through the process of securing your retirement with purpose. Listen in to learn about: · How to clarify retirement planning goals and gain confidence in your financial future. · Important considerations for retirement planning for families , like funding weddings or creating lasting memories. · What retirement planning for business owners looks like and how to prepare for selling a business or transitioning. · Why tax planning for retirement needs to happen early and strategies to reduce tax burdens. · How to approach estate planning for retirement , ensuring your loved ones and charitable goals are properly protected. Tweetable Quotes: · "When you plan ahead, retirement becomes something you get to enjoy on your own terms, with confidence." – Radon Stancil · "Understanding your retirement income sources and goals gives you the power to retire comfortably." – Murs Tariq Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit POMWealth.net/podcast .…
1 Navigating Retirement - Inflation, Market Volatility and Social Security 22:08
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Play Later Play Later Lists Like LikedIn this episode of the Secure Your Retirement Podcast, Radon Stancil and Murs Tariq discuss some of the biggest concerns retirees face in 2025: inflation and retirement, market volatility, and Social Security benefits. As economic uncertainty continues, many are wondering how interest rates and the economy will impact their financial future. Radon and Murs provide valuable insights into how retirees can develop a sound retirement income strategy to navigate stock market fluctuations, optimize Social Security, and ensure financial security. Listen in to learn about the importance of financial planning for retirees and how a well-structured plan can help you retire comfortably. They emphasize the need for investment risk management and safe investment strategies to mitigate the effects of inflation and market changes. Whether you're asking, "When should I retire?" or working through your retirement checklist, this episode offers actionable steps to plan for retirement effectively. In this episode, find out: · How inflation affects retirement and what retirees can do to manage increasing costs. · The impact of market volatility and interest rates on retirement planning. · Why Social Security optimization is crucial and how to maximize your benefits. · The role of a structured retirement income strategy in securing your retirement. · The importance of a well-balanced investment portfolio to mitigate financial risks. Tweetable Quotes: "Having a solid retirement plan means you won’t be blindsided by inflation or market volatility—it’s about peace of mind." – Radon Stancil "Social Security is just one piece of the puzzle; having a financial roadmap ensures long-term security and flexibility in retirement." – Murs Tariq Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit POMWealth.net/podcast .…
1 2024 Tax Filing Made Easy - Key Documents & Expert Filing Tips 21:54
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Play Later Play Later Lists Like LikedIn this episode of the Secure Your Retirement Podcast, Radon and Murs discuss tax season preparation with their in-house tax strategist, Taylor Wolverton. As tax season approaches, understanding your tax documents and making informed filing decisions can help reduce stress and ensure accuracy. Taylor shares expert insights on essential documents, filing strategies, and common tax mistakes to help make tax filing easy and efficient. Whether you're planning retirement tax strategies or determining how to file taxes effectively, this episode will help you navigate tax season with confidence. Listen in to learn about the different IRS tax forms you should expect, including W-2 and 1099 forms, and how to differentiate between standard vs. itemized deductions. Taylor also covers the significance of Qualified Charitable Distributions (QCDs) in retirement planning and how they impact your tax filing. Get valuable tips on avoiding common tax mistakes and ensuring all necessary documents are included in your tax filing checklist. This episode is packed with expert filing tips to help you retire comfortably and secure your retirement. In this episode, find out: The key tax documents you need for tax season preparation, including IRS tax forms like W-2, 1099, and 1099-R. The difference between standard vs. itemized deductions and how to determine the best option for you. The importance of Qualified Charitable Distributions (QCDs) for retirement tax planning and how to report them correctly. Common tax mistakes to avoid when filing your return. Best practices for organizing and storing tax documents to streamline future filings. Tweetable Quotes: "The IRS receives all your tax forms, so ensuring accuracy in your tax filing is crucial to avoid unnecessary headaches." – Radon Stancil "If you made a Qualified Charitable Distribution (QCD), make sure to report it correctly—your 1099-R won’t automatically show it as tax-free!" – Murs Tariq Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit POMWealth.net/podcast .…
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