A Midterm Financial Checkup

Tax planning is a crucial aspect of financial planning, as taxes may significantly impact retirement savings. In this episode, Ryan Herbert tells us where Maryland stands compared to other states regarding tax rates. Learn about how where you live can affect your overall retirement plan and the importance of properly preparing a tax strategy. Want to learn more about your tax situation? Schedule a call with us here: 📅 https://bit.ly/3Rq2d9i Follow us for more helpful insights: 🖱️ Facebook- https://bit.ly/3PmJcSt 🖱️ LinkedIn- https://bit.ly/44T88a9 🖱️ Twitter- https://bit.ly/3PHxqDJSee omnystudio.com/listener for privacy information.

Diversifying tax buckets is important when minimizing tax implications. A plan that considers the lowest tax bracket today and throughout retirement is essential to understand when aiming for tax efficiency. In this episode, Mike and Ryan break down how different investments such as annuities have varying tax implications, and why preserving and protecting wealth in retirement should be a goal when building out a plan. Want to learn more about your tax situation? Schedule a call with us here: 📅 https://bit.ly/3Rq2d9i Follow us for more helpful insights: 🖱️ Facebook- https://bit.ly/3PmJcSt 🖱️ LinkedIn- https://bit.ly/44T88a9 🖱️ Twitter- https://bit.ly/3PHxqDJSee omnystudio.com/listener for privacy information.

Taxes are unfair. That’s what Ron Swanson of “Parks and Rec” taught a young student by eating most of her lunch. On this episode, Mike expresses the frustrations he has with lazy CPAs that are costing the taxpayer money they legally aren’t obligated to pay. Plus, hear about how proper tax planning may result in a lower tax bill and how those savings can be utilized in a financial plan. Want to learn more about your tax situation? Schedule a call with us here: 📅 https://bit.ly/3Rq2d9i Follow us for more helpful insights: 🖱️ Facebook- https://bit.ly/3PmJcSt 🖱️ LinkedIn- https://bit.ly/44T88a9 🖱️ Twitter- https://bit.ly/3PHxqDJSee omnystudio.com/listener for privacy information.

Market corrections have a bigger impact on your 401k than you may think. That impact is more significant when you're planning for retirement. On this episode, Ryan Herbert discusses the importance of positioning yourself properly to make your life savings last regardless of a stock market crash. Plus, pensions used to be the consistent source of income that retirees relied on. Now it's the 401k. But 90% of Americans are worried that their 401k won't provide a reliable stream of income. Ryan and Lawrence Kiely suggest how annuities and other strategies could be utilized in a retirement plan. Learn how to protect your 401k today- schedule a call with us here: 📅 https://bit.ly/3Rq2d9i Follow us for more helpful insights: 🖱️ Facebook- https://bit.ly/3PmJcSt 🖱️ LinkedIn- https://bit.ly/44T88a9 🖱️ Twitter- https://bit.ly/3PHxqDJSee omnystudio.com/listener for privacy information.

How much can you withdraw from your retirement and make it last? Ryan Herbert and Lawrence Kiely discuss recent reports from talking heads saying rates range from 4% to 8% annually and why that might not be right for you. They also talk about the age-old question of how much you need for retirement and if there is a set number, See omnystudio.com/listener for privacy information.

What are the advantages to Roth conversions and when is the right time to begin? Ryan Herbert discusses how to take advantage of taxes when moving money in your retirement accounts. He also talks about how to create a personal pension and ways to retire as a federal employee. Start your tax savings today- schedule a call with us here: 📅 https://bit.ly/3Rq2d9i Follow us for more helpful insights: 🖱️ Facebook- https://bit.ly/3PmJcSt 🖱️ LinkedIn- https://bit.ly/44T88a9 🖱️ Twitter- https://bit.ly/3PHxqDJSee omnystudio.com/listener for privacy information.

The tax laws continue to shift and can create a problem when it comes time to file, but what can you do today to get ahead of the issue? Mike Canet and Lawrence Kiely discuss the proper way to implement a tax plan for your financial future. They also talk about how much money you need to save to cover medical expenses in retirement and why that number keeps going up.  We invite you to get your own Savvy Investor Retirement Summary. In just five easy steps, you can get prepared for the rest of your life 👉  https://bit.ly/3roZmmk Follow us for more helpful insights: 🖱️ Facebook- https://bit.ly/3PmJcSt 🖱️ LinkedIn- https://bit.ly/44T88a9 🖱️ Twitter- https://bit.ly/3PHxqDJSee omnystudio.com/listener for privacy information.

They are calling it "Peak 65" but what does that mean? Mike Canet and Lawrence Kiely discuss the recent influx in retirees leaving the workforce. They also talk about the tax options that become available to you when you sell off real estate before or during retirement. See omnystudio.com/listener for privacy information.

Will retirement cause you to go up into a higher tax bracket? Ryan Herbert and Lawrence Kiely discuss the tax options that are available to you when you are going into and through retirement. They also talk about the impact of a Presidential Election on your financial future.  See omnystudio.com/listener for privacy information.

Are you delaying your retirement? Did you know that you could be losing money because you're continuing to work? Ryan Herbert discusses the importance of retiring at the right time and how to evaluate your situation to know when to begin transitioning into retirement. See omnystudio.com/listener for privacy information.