In this tribute episode Jason interviews Dr. James B. Cloonan who was the founder of the American Association of Individual Investors commonly known as AAII.  He died late last year at age 89. 

A Tribute To James Cloonan Founder Of AAII

With over 1 million downloads, Sound Retirement Radio is a leading podcast in the retirement and retirement planning categories. Our topics cover a broad range, including investing strategies, tax planning, and Roth conversions. We provide both fundamental and advanced ideas to help you create a Sound Retirement Plan. Our commitment is to offer you concepts, ideas, and strategies that can help you achieve clarity, confidence, and freedom as you prepare for and transition into retirement.

Jason Parker, the author of the best-selling book "Sound Retirement Planning," has a new book titled "Retirement Calculator: How Much Money Do I Need To Retire." Jason has been seen as a guest on major news networks such as ABC, FOX, and NBC. He also created the Retirement Budget Calculator, a tool that helps retirees with retirement cash flow planning.

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Health savings accounts are the most incredible tool available for retirement savings. Unfortunately, too many people I meet are missing out on using HSAs as part of their retirement strategy. We are going to do a deep dive into HSAs, but... They are best for people who do not have a lot of health care costs every year and have the money to make the maximum contributions to an HSA. They have triple tax advantages in that your contributions are tax-deductible, earnings grow tax-free, and withdrawals for qualified medical expenses are tax-free. You enjoy lower health insurance expenses compared to a low-deductible plan. You get tax deductions for contributions, tax-free growth, easy access to the money before age 59.5, you can have investment opportunities for long-term growth, and a plan to cover health-related expenses in retirement. Unlike a traditional IRA, there are no RMDs, and after age 65, you can access the money for non-medical expenses without the 20% penalty. You can delay reimbursements and allow your HSA to grow tax-free and then take a tax-free lump sum in the future. And once you turn age 65 and start Medicare, you can use your HSA to reimburse the costs of Medicare Part B and Part D or pay for Medicare Advantage plan premiums. If you do not currently have an HSA, I highly recommend you visit SoundRetirementPlanning.com and click on episode 430 to start to review all of the resources I’ve made available for your review.  The HSA is a powerful tool that can provide significant benefits for retirement planning and healthcare expenses. However, it's important to remember that the rules and regulations surrounding HSAs can be complex and require careful consideration. The Retirement Budget Calculator is an intuitive tool that promises ease and accuracy. However, like any tool, user error could potentially lead to costly mistakes. To avoid this, let the experienced advisors at Parker Financial LLC guide you. When you hire our team, we offer a comprehensive review of your current investments, taxes, and the data in the Retirement Budget Calculator. We will ensure your plan's completeness and accuracy, helping you create an investment strategy, assist with tax planning, and monitor your plan to maximize your retirement benefits. At Parker Financial we offer a well-crafted retirement investment strategy, deeply rooted in academic data and financial science which can be the key to a prosperous retirement. Don't leave your future to chance. Take the first step towards a sound retirement. Schedule your complimentary discovery session now by visiting Parker-Financial.net let us help you make the most of your retirement years.  

430 Mastering HSAs: Tips for 2024 and Beyond

In today's podcast episode, Jason shares three key numbers essential for retiring with confidence. He's interviewed by Ashley Micciche from the Retirement Quick Tips Podcast. Don't forget to check out Ashley's podcast:  Retirement Quick Tips. Articles, Links & Resources mentioned in today's show can be found at https://soundretirementplanning.com. If you enjoy todays podcast be sure to share it with a friend and leave us a 5 star review. The Retirement Budget Calculator is an intuitive tool that promises ease and accuracy. However, like any tool, user error could potentially lead to costly mistakes. To avoid this, let the experienced advisors at Parker Financial LLC guide you. When you hire our team, we offer a comprehensive review of your current investments, taxes, and the data in the Retirement Budget Calculator. We will ensure your plan's completeness and accuracy, helping you create an investment strategy, assist with tax planning, and monitor your plan to maximize your retirement benefits. At Parker Financial we offer a well-crafted retirement investment strategy, deeply rooted in academic research and financial science which can be the key to a prosperous retirement. Don't leave your future to chance. Take the first step towards a sound retirement. Schedule your complimentary discovery session now by visiting Parker-Financial.net let us help you make the most of your retirement years.  

429 Unlock Retirement Confidence: The 3 Numbers You Must Know

In today's podcast episode I have the good fortune to interview Joe Hancock and Katie Warren who are with HighGround Advisors regarding Donor-Advised funds and charitable giving strategies. We cover a lot of the mechanics of donor advised funds such as how to set one up, how they work, fees associated with them and some of the tax benefits that come along with them. One interesting aspect we discuss is how donor advised funds can be used as a tool for multi-generational giving and passing on philanthropic values to future generations. This is particularly relevant for families who want to involve their children in charitable giving. We explored various strategies, including bunching or bundling donations together in specific years to enhance itemized donations on your tax return or donating appreciated assets like business interests, mineral interests and real estate. We also discuss qualified charitable distributions, charitable gift annuities and charitable trusts as alternative ways to support charities while also receiving potential tax benefits. Throughout the conversation, Joe and Katie share valuable insights and tips for maximizing the impact of your charitable giving through donor advised funds. They also discuss the importance of doing research and due diligence before choosing a donor advised fund provider and why you will want to make sure the donor advised fund you choose aligns with.your values. Articles, Links & Resources Visit: https://soundretirementplanning.com/ We're on YouTube!  Are you DIY?  Be sure to check out the Retirement Budget Calculator  LET'S CONNECT:  Facebook  LinkedIn  Website  Jason's Books:  Sound Retirement Planning Retirement Calculator: How Much Money Do I need To Retire?     

428 Donor Advised Funds with HighGround Advisors

In today's podcast, Jason interviews Anne Lester about her new book, "Your Best Financial Life: Save Smart Now for the Future You Want." Anne is a retirement expert, formerly serving as the Head of Retirement Solutions for JPMorgan Asset Management, where she dedicated nearly 30 years of her career. During the interview, Anne not only shares insights from her own retirement journey but also discusses the aspects of retirement she eagerly anticipates in this new phase of life. She offers practical tactics for simplifying money management, including the implementation of guardrails to mitigate financial regret. Make sure to listen until the end, where she emphasizes the importance of cash flow in retirement preparation. For additional articles, links, and resources, please visit https://SoundRetirementPlanning.com.      

427 Your Best Financial Life with Anne Lester

Here is a question for you to consider. What's the point of accumulating wealth for retirement if poor health prevents you from enjoying it?  Recenlty I have had people noticing that I have lost weight, commenting on how skinny I have become and asking me what I was doing. And I have to tell you I am feeling great. So in todays podcast I'm going to share with you what changed and how I've been able to lose 20 pounds in four months and also lose the belly fat. I'm going to share my diet and exercise routines and the technology I used to record my progress.

A Tribute To James Cloonan Founder Of AAII

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