WealthChannel Academy

Tens of millions of Americans rely on Social Security checks for a substantial portion of their retirement income. Yet the outlook for this program is uncertain, due to shifting U.S. demographics. Is it true that Social Security is running out of cash? And what happens if it does?

One of the most important financial decisions of your life happens in your early 60s, when you need to decide when to start receiving Social Security benefit payments. You have lots of options, and the difference between them could add up to hundreds of thousands of dollars.

Social Security is a key component of a retirement plan for virtually every American. And yet there's a lot of confusion and bad information out there about how this benefit payment actually works -- and what you can do to maximize it.

Planning for retirement can feel impossible if you're not sure what exactly you're working towards. This episode will induce a couple of "aha moments" as a look at retirement from a different perspective dramatically simplifies the objective.

One of the first steps in planning for a worry-free retirement is figuring out your "endgame" -- what you'll be spending money on after you stop working. A big component of many retirement budgets is healthcare, so it's important to be realistic about what your health insurance and out-of-pocket costs will be.

The first step towards a worry-free retirement: figuring out what you'd like to spend each year once you're done working. This can be a simple and straightforward process, as long as investors avoid a couple of common mistakes.

The sad reality is that most Americans find retirement planning to be completely overwhelming -- and with good reason. The problem isn't that there's too little information out there -- it's that there's too much. Lots of folks feel like they need to understand a million different things to be successful. But that's just not the case. They need to understand 7 basic concepts. Understand those, and your odds of a worry-free retirement skyrocket.

The premise behind WealthChannel Academy is pretty basic: most Americans find investing and retirement planning to be incredibly complex and overwhelming. We're launching WealthChannel Academy to help investors achieve financial independence by radically simplifying retirement planning and investing.

A big announcement from Michael Johnston, the creator of Tax Efficient Investor.

While there are plenty of strategies available for W-2 employees, the U.S. tax code is really written to benefit business owners.  Jacob Turner, co-founder at Moment Private Wealth, joins Michael to discuss tax savings strategies available to many business owners.