Could Your RMDs Create a Bigger Tax Problem?

IULs are getting plenty of attention online, but are they really an alternative to a Roth IRA? This episode breaks down indexed universal life insurance and the different roles it can play in retirement planning, from supplemental income and legacy planning to long-term care considerations. We also explore why IULs may not fit every situation, the importance of proper funding and structure, and how they can potentially work alongside Roth strategies rather than simply replacing them. Plus, learn why understanding the pros, cons, costs, and long-term commitment matters before deciding whether an IUL belongs in your broader financial plan. Want to begin building your retirement and tax plan? Click Here to Schedule a 15-minute Discovery Call Follow us for more helpful insights: 🖱️ Facebook- https://bit.ly/3PmJcSt 🖱️ LinkedIn- https://bit.ly/44T88a9 🖱️ X - https://bit.ly/3PHxqDJSee omnystudio.com/listener for privacy information.

Is your 401(k) your retirement plan, or is it simply one piece of a much bigger picture? Katherine Groce and Lawrence Kiely explain why retirement planning can extend beyond investment balances to include income needs, taxes, risk, Social Security, legacy goals and the lifestyle you envision after work. They discuss why understanding your spending can become increasingly important as you move from accumulating savings to determining how those savings may support retirement. Plus, learn why a retirement roadmap may need to evolve as your goals and priorities change throughout retirement. Want to begin building your retirement and tax plan? Click Here to Schedule a 15-minute Discovery Call Follow us for more helpful insights: 🖱️ Facebook- https://bit.ly/3PmJcSt 🖱️ LinkedIn- https://bit.ly/44T88a9 🖱️ X - https://bit.ly/3PHxqDJSee omnystudio.com/listener for privacy information.

Required minimum distributions may look like just another retirement withdrawal, but what happens when they affect more than your account balance? Katherine Groce and Lawrence Kiely discuss how RMDs can interact with taxable income, Medicare premiums, Social Security taxation, and broader retirement goals. They explore why RMD planning is rarely one-size-fits-all, the importance of understanding withdrawal deadlines, and ways retirees may consider using distributions they don't need for everyday expenses. From Roth conversions and long-term care considerations to gifting and legacy planning, this episode looks at why preparing for RMDs can be an ongoing part of the retirement conversation. Want to begin building your retirement and tax plan? Click Here to Schedule a 15-minute Discovery Call Follow us for more helpful insights: 🖱️ Facebook- https://bit.ly/3PmJcSt 🖱️ LinkedIn- https://bit.ly/44T88a9 🖱️ X - https://bit.ly/3PHxqDJSee omnystudio.com/listener for privacy information.

Your homeowner's insurance may not protect you the way you think it does. In this episode, Mike Canet responds to a listener question about insurance coverage and explains several overlooked risks that can create major out-of-pocket costs after a disaster. From replacement value misconceptions and ordinance change protection to underinsured homes, outdated auto coverage, umbrella policies, and liability concerns, the conversation highlights why insurance should be part of a broader financial plan. Learn how reviewing coverage proactively can help uncover gaps before they become expensive surprises and why many retirees may be carrying more risk than they realize. Want to begin building your retirement and tax plan? Click Here to Schedule a 15-minute Discovery Call Follow us for more helpful insights: 🖱️ Facebook- https://bit.ly/3PmJcSt 🖱️ LinkedIn- https://bit.ly/44T88a9 🖱️ X - https://bit.ly/3PHxqDJSee omnystudio.com/listener for privacy information.

What if a forgotten retirement account is still sitting somewhere with your name on it? Katherine Groce and Lawrence Kiely discuss the growing number of overlooked 401(k) accounts and why so many people lose track of retirement savings when changing jobs. They explain how old accounts, scattered investments, and multiple financial institutions can make it difficult to see the full picture of your finances. The conversation explores the benefits of consolidation, the challenges families can face managing multiple accounts later in life, and why understanding where your assets are may be an important step in retirement planning and organization. Want to begin building your retirement and tax plan? Click Here to Schedule a 15-minute Discovery Call Follow us for more helpful insights: 🖱️ Facebook- https://bit.ly/3PmJcSt 🖱️ LinkedIn- https://bit.ly/44T88a9 🖱️ X - https://bit.ly/3PHxqDJSee omnystudio.com/listener for privacy information.

What would you do if a $50 million business sale triggered a $15 million tax bill? In this episode, Mike Canet and Ryan Herbert discuss a real-world case involving a business owner approached by data center developers during the AI boom. They explore how major asset sales can create significant tax and estate planning challenges, and walk through concepts such as 1031 exchanges, Opportunity Zones, and deferred sales trusts. The conversation highlights why taxes, liquidity, estate considerations, and long-term planning are often connected when evaluating the sale of a business or highly appreciated property Want to begin building your retirement and tax plan? Click Here to Schedule a 15-minute Discovery Call Follow us for more helpful insights: 🖱️ Facebook- https://bit.ly/3PmJcSt 🖱️ LinkedIn- https://bit.ly/44T88a9 🖱️ X - https://bit.ly/3PHxqDJSee omnystudio.com/listener for privacy information.

Think you're years away from retirement? You may be closer than you realize, but replacing your paycheck takes more planning than most people expect. Ryan Herbert and Katherine Groce discuss what it really takes to retire before traditional retirement age, including creating multiple income sources, planning for healthcare costs before Medicare, and building a strategy for turning savings into reliable retirement income. They also explain why knowing exactly where your income will come from can be just as important as how much you've saved, and how retirement planning shifts from growing assets to creating a sustainable distribution strategy. Want to begin building your retirement and tax plan? Click Here to Schedule a 15-minute Discovery Call Follow us for more helpful insights: 🖱️ Facebook- https://bit.ly/3PmJcSt 🖱️ LinkedIn- https://bit.ly/44T88a9 🖱️ X - https://bit.ly/3PHxqDJSee omnystudio.com/listener for privacy information.

Would you take a guaranteed $60,000 a year for life over a tax-free $1 million lump sum? That simple question sparked thousands of comments and a heated debate online. Ryan Herbert and Katherine Groce break down the reasoning behind choosing lifetime income, while addressing arguments involving high-yield savings accounts, stock market investing, real estate, inflation, and retirement planning. Along the way, they explore risk, certainty, sequence of returns, and why financial decisions often depend on individual goals and circumstances. Plus, they discuss why short social media clips rarely provide enough context for important retirement and investment decisions. Want to begin building your retirement and tax plan? Click Here to Schedule a 15-minute Discovery Call Follow us for more helpful insights: 🖱️ Facebook- https://bit.ly/3PmJcSt 🖱️ LinkedIn- https://bit.ly/44T88a9 🖱️ X - https://bit.ly/3PHxqDJSee omnystudio.com/listener for privacy information.

What if the years after your kids leave home are the most important years for your retirement plan? As families transition into the empty nest stage, Mike Canet and Ryan Herbert discuss why ages 50 to 60 can be a pivotal time for retirement preparation. They cover catch-up contributions, evaluating whether you're on track for retirement, understanding income needs, tax planning strategies, and the value of having a written plan instead of relying on guesswork. The conversation also explores common retirement planning mistakes and why waiting until the last minute can limit your options. Want to begin building your retirement and tax plan? Click Here to Schedule a 15-minute Discovery Call Follow us for more helpful insights: 🖱️ Facebook- https://bit.ly/3PmJcSt 🖱️ LinkedIn- https://bit.ly/44T88a9 🖱️ X - https://bit.ly/3PHxqDJSee omnystudio.com/listener for privacy information.

Randy announces his retirement and highlights the many emotions that come with the transition away from his career. Jennifer, The Savvy Investor's newest co-host, joins Randy and Mike Canet to discuss how you can spend years preparing for retirement and still feel uneasy when the paycheck stops. In this episode, the team discusses the emotional and financial realities of transitioning into retirement, including identity shifts, spending habits, income planning, and the fear of running out of money. They also explore why many retirees struggle to spend what they've saved, how couples often have different retirement expectations, and why tax planning deserves a place alongside investment decisions. Want to begin building your retirement and tax plan? Click Here to Schedule a 15-minute Discovery Call Follow us for more helpful insights: 🖱️ Facebook- https://bit.ly/3PmJcSt 🖱️ LinkedIn- https://bit.ly/44T88a9 🖱️ X - https://bit.ly/3PHxqDJSee omnystudio.com/listener for privacy information.