Tax Planning in Retirement vs. Working Years

Think having target date funds is a good idea? Think again. In this episode of the Savvy Investor, Ryan Herbert and Lawrence Kiely break down the hidden risks and misconceptions behind target date funds in your 401(k). From market downturns to fee traps, they reveal why these “set-it-and-forget-it” investments may not be the safe bet you think they are. Learn how to take control of your retirement strategy, explore smarter diversification options, and understand the real cost of convenience. Want to begin building your retirement and tax plan? 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 🖱️ X - https://bit.ly/3PHxqDJSee omnystudio.com/listener for privacy information.

What do destination weddings and retirement planning have in common? More than you think. In this episode, Mike Canet and Samantha Nash dive into the unexpected financial curveballs—like lavish weddings, surprise home repairs, and rising healthcare costs—that can derail even the best-laid retirement plans. With humor and real-life stories, they explore how to build flexibility into your income strategy so you can enjoy life’s big (and small) moments without financial stress. Want to begin building your retirement and tax plan? 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 🖱️ X - https://bit.ly/3PHxqDJSee omnystudio.com/listener for privacy information.

What if your retirement plan is quietly setting you up for a multi-million-dollar tax bill? In this episode, Mike Canet and Ryan Herbert unpack real-life stories of retirees blindsided by taxes—and how smart planning could have saved them millions. From overlooked Roth conversions to the fine print your advisor won’t discuss, they reveal how to legally minimize your tax burden and keep more of what you’ve earned. Want to begin building your retirement and tax plan? 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 🖱️ X - https://bit.ly/3PHxqDJSee omnystudio.com/listener for privacy information.

Retirement planning often revolves around one critical fear: running out of money. A recent study highlights that retirees with guaranteed income, such as pensions, spend 42% more than those relying solely on savings, showcasing the confidence that steady income can provide. Ryan Herbert and Katherine Groce explain that understanding monthly expenses and crafting a plan that secures income through diverse options—market investments, dividend portfolios, or annuities—retirees can prepare for financial stability regardless of market fluctuations. Want to begin building your retirement plan? 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.

Retirement doesn’t have to mean taking unnecessary risks with your savings. Mike Canet & Katherine Groce explain how thoughtful planning and tailored strategies can help retirees create sustainable income streams while minimizing exposure to market volatility. They highlight examples of retirees, like one who thrives with just a 5% return by living within his means and structuring his investments wisely. Mike & Katherine also explore alternatives to traditional stock market investments, such as CDs, fixed index annuities, and structured notes, emphasizing solutions for those seeking stability and added peace of mind in retirement. Want to begin building your retirement plan? 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.

Mike Canet and Ryan Herbert reflect on Warren Buffet’s recent retirement and one of his many famous quotes: “Never run out of money.” They discuss creating income streams that retirees cannot outlive and emphasize the importance of protecting savings from market volatility while ensuring consistent growth through methods like dividend-paying stocks, preferred shares, or annuities. Want to begin building your retirement plan? 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.

Your IRA in retirement. You can leave it, roll it, or cash it out. How do we know what works best for us and what do we have to watch out for? Want to begin building your retirement plan? 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.

A study from AARP revealed that Americans that are 50 years old or older pay 59% of all federal income tax. Contrary to popular belief, many retirees face higher tax obligations due to required minimum distributions (RMDs), Social Security taxes, and insufficient planning during their working years. Mike Canet and Samantha Nash explain that with strategic tax planning, retirees can reduce the burden by leveraging lower tax rates early and exploring options like Roth conversions. Understanding these dynamics is crucial to avoid losing significant portions of savings to taxation and to ensure long-term financial security amidst changing income needs in retirement. Want to begin building your retirement plan? 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.

Lawrence Kiely and Samantha Nash explain the complexities of tax planning, particularly focusing on the differences between tax strategies during working years and retirement. They highlight the importance of proactive tax planning, the implications of Roth conversions, and the impact of required minimum distributions (RMDs) on retirement savings. The discussion also touches on the government's approach to taxation and the significance of strategic planning for future generations. Want to begin building your retirement plan? 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.

In this episode of the Savvy Investor Podcast, Katherine Groce and Samantha Nash discuss the complexities of tax strategies, retirement income, and investment planning. They emphasize the importance of understanding market volatility and how it can present opportunities for long-term investors. The conversation also delves into the psychological aspects of retirement, the significance of annuities for income generation, and the need for a comprehensive financial plan that adapts to changing circumstances and future tax implications. Want to begin building your retirement plan? 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.