Big Picture Retirement®

Do annuities deserve the bad publicity they receive? Today we'll do a crash course on the different types of annuities and talk about when one may be right for you.

Although this show does not provide specific tax, legal, or financial advice, you can engage Devin or John through their individual firms.

Contact Devin's team at https://www.carrolladvisory.com/ Contact John's team at https://www.rossandshoalmire.com/

A trust is a legal entity, just like a corporation or an individual person. All trusts will have an exchange of property and three categories of people: the people who create it, called the grantors, or the settlers, or the trust-makers the people in charge of the trust, usually called the trustees the beneficiaries: the people who get the benefit of the trust Devin and John go over the different types of trusts and when to use them.

For those who are retired, or getting close to being retired, a bear market is an anxious time. In today's episode, we talk about how you can PROFIT from a declining market and set up the rest of your retirement to reap the rewards of making the right moves while the opportunity is still here.

• The 2023 cost of living adjustment
• The 2023 Earnings Limit
• The 2023 Maximum Family Benefit Formula
• The amount needed to earn one credit
• The Windfall Elimination Provision (WEP) penalty
• The maximum taxable wage base
• The Substantial Gainful Activity (SGA) thresholds

Often described as one of the most complicated legal rules, the "rule against perpetuities" can prevent you from leaving assets to your family forever.

In today's episode, we dive into this rule and talk about some of the states who are changing their definition of "perpetuity" for generational wealth transfer.

In 2023 the premium for Part B Medicare will be going DOWN. In today's episode we talk about how just one drug screwed up the forecasted premiums for 2022, and how that's being adjusted out in 2023.

In today's show we are joined by Benjamin Brandt for a discussion about the 4% rule (and how it goes against human nature), using a dynamic spending approach, and building a retirement budget that actually works.

Connect with Benjamin Brandt on his website at https://retirementstartstodayradio.com/ and sign up for his newsletter at https://retirementstartstodayradio.com/newsletter

Although this show does not provide specific tax, legal, or financial advice, you can engage Devin or John through their individual firms.

Contact Devin's team at https://www.carrolladvisory.com/

Contact John's team at https://www.rossandshoalmire.com/

Thinking about getting married again? Before you do, it's important to understand the financial implications (that aren't always obvious).

Although this show does not provide specific tax, legal, or financial advice, you can engage Devin or John through their individual firms.

Contact Devin's team at https://www.carrolladvisory.com/

Contact John's team at https://www.rossandshoalmire.com/

Can a Social Security break even calculator help you decide the best age to file? Yes!

Just know…the results of this calculation alone cannot be the deciding factor when choosing the best filing age.

Deciding when to file for Social Security benefits requires the examination of multiple pieces of information. A Social Security break-even calculator can help with the decision, but it can never be the sole factor used if you are serious about making a well-rounded decision.

Before using this calculator, I'd highly encourage you to read my article on the right way to use a Social Security break-even calculator.

Access the break-even calculator here https://www.socialsecurityintelligence.com/calculators/social-security-break-even-calculator/

Although this show does not provide specific tax, legal, or financial advice, you can engage Devin or John through their individual firms.

Contact Devin's team at https://www.carrolladvisory.com/ Contact John's team at https://www.rossandshoalmire.com/

The tax code is set to have big changes in 2026. If you want to avoid estate taxes when these rules change, there may be steps you need to take TODAY!

Although this show does not provide specific tax, legal, or financial advice, you can engage Devin or John through their individual firms.Contact

Devin's team at https://www.carrolladvisory.com/

Contact John's team at https://www.rossandshoalmire.com/