In this episode, Nic and I break down one of the most misunderstood concepts in estate planning: step-up in basis. We explain what basis is, why a step-up matters, and how common mistakes can cost your loved ones thousands in unnecessary taxes.

If you've ever nodded along in conversations about basis while having no idea what it means, this episode is for you! We share real-world examples of how adding children to property deeds and accounts before death can create massive tax implications that could have been easily avoided with proper planning.

00:00 - Introduction to basis and step-up in basis

00:21 - Why understanding basis matters to your legacy

02:15 - What exactly is "basis" and how does it work?

03:41 - Common mistakes people make with property titles

05:11 - The tax consequences of gifting vs inheriting

06:16 - Why adding children to bank accounts is problematic

06:43 - Better alternatives for estate planning

08:25 - Closing thoughts on staying "coachable"

📧 Have questions? Email us: [email protected]

🔍 For more retirement planning insights: yourretirementcoach.com

📱 Follow us on social media: [links]

📺 Subscribe to our channel for weekly retirement planning tips

Thanks for joining us for another episode! Understanding concepts like step-up in basis might seem technical, but getting these details right can save your family significant money and headaches down the road.

If you found this helpful, please hit that like button, subscribe to our channel, and share this video with someone who needs this information. Stay coachable, my friends!

🛑 Disclaimer: Your Retirement Coach is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.

#RetirementPlanning

#StepUpInBasis

#EstatePlanning

#TaxStrategy

#FinancialEducation

#RetirementCoach

#CapitalGains

#WealthTransfer

#InheritanceTax

#FinancialLiteracy

#TaxOptimization

#RetirementTips

Let's be honest — not everyone loves talking about money. In many marriages, one spouse takes the financial lead while the other says, *"It's just not my thing."* But what happens when the person who handles the finances isn't around anymore?

In this episode of *Coffee with Your Retirement Coach*, I sit down with **Coach Nic Yeomans** to talk about how couples can protect themselves — and each other — financially. We break down how to plan, organize, and communicate around money, even when it feels uncomfortable or confusing.

Whether you're the spouse who handles the books or the one who'd rather not think about them, this episode is packed with practical steps for creating clarity, confidence, and peace of mind in your financial life.

**Keywords:** retirement planning for couples, financial communication, financial literacy, money in marriage, financial planning, retirement advice, spousal planning, money management

---

### **Timestamps**

00:00 – "It's just not my thing." Why money can be a tough topic in marriage

01:07 – How couples divide financial duties (and where that plan fails)

02:32 – What happens when the financial spouse passes first

03:24 – The problem with well-meaning financial advice from friends or family

03:54 – Setting your spouse up for success with financial SOPs and organization

05:02 – Creating financial awareness without overwhelming your partner

06:17 – Why a third-party financial advisor can help bridge communication gaps

07:19 – The importance of empathy and understanding your spouse's comfort zone

08:30 – How attending financial meetings together builds peace of mind

09:02 – Key takeaways: how to protect your family financially, even if "it's not your thing"

10:03 – Closing thoughts: stay coachable, stay connected

---

### **Links & Resources**

📧 Contact us: **[email protected]**

🌐 Visit **Yeomans Consulting Group** – [Insert link]

🎧 Listen next: [The Nightmare Retirement Assumptions (The Trilogy)]

💼 Learn more about financial planning for couples: [Insert relevant episode link]

---

### **Closing Thoughts**

If finances "aren't your thing," that's okay — but your financial security still needs a plan.

As Coach Nic says, *"What good is the best-laid plan if it can't be understood by the person who might need it most?"*

If you found this episode helpful, please **like 👍, comment 💬, and subscribe 🔔** to *Coffee with Your Retirement Coach.*

---

Your support helps more couples prepare, plan, and retire with confidence.

#RetirementPlanning #FinancialCoach #MarriageAndMoney #CouplesFinance #RetirementPodcast #MoneyTalks #FinancialPlanning #RetirementAdvice #FinancialLiteracy #RetirementCoach

🛑 Disclaimer:

Your Retirement Coach is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.

You asked, and we listened. In this episode of Coffee with Your Retirement Coach, we tackle one of the most common questions we get: "I'm 58 and have $2.4 million saved. Can I retire?" But as you'll hear, it's not just about the number on the page. We dive deep into what that figure could mean for your income, lifestyle, taxes, healthcare, and overall retirement vision.

Join us as we break down the math behind the 4% rule and explore the often-overlooked factors that make or break a retirement plan—things like purpose, timing, Social Security strategy, and where and how you want to live. Plus, we share a real-life success story of a couple who made their beachside retirement dreams a reality.

**Timeline Summary**

[0:06] - The $2.4 million question: Can I retire at 58?

[1:25] - Why cash flow isn't the whole picture (think taxes and purpose)

[2:38] - What a 4% withdrawal rate means for your retirement income

[5:03] - Taking Social Security early: a controversial yet practical option

[6:35] - Bridging the healthcare gap before Medicare kicks in

[9:38] - The missing piece: lifestyle planning and location-based costs

[13:08] - Real-life case: high-end travel vs. smart budgeting trade-offs

[14:52] - Tax planning strategies to keep more of what you've earned

[16:48] - The power of a retirement coach and building your dream team

[18:08] - Client success story: from $2.4M to sunset strolls by the beach

**Final Thoughts**

Retiring at 58 with $2.4 million? It's possible—but your success depends on your income needs, healthcare planning, tax strategy, and what kind of life you want to lead. If this episode hit close to home, subscribe, share it with a friend, and leave us a review. And as always, stay coachable!

📬 Questions?

Email: [[email protected]](mailto:[email protected])

Connect with us on Facebook: https://www.facebook.com/profile.php?id=100063585099972

🛑 Disclaimer:

Your Retirement Coach is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.

What would you do if your company sold, your stock was cashed out, and you suddenly found yourself with $5 million in hand? In this episode, Nic and I dive into the reality of experiencing a once-in-a-lifetime windfall and all the opportunities — and challenges — that come with it.

We explore the first critical steps you need to take before making big financial decisions, from understanding the tax implications to planning for long-term income and security. Whether you're dreaming of retiring tomorrow or just trying to figure out what Uncle Sam's cut will be, this conversation will give you a grounded perspective on how to approach sudden wealth wisely.

Timeline Summary

[0:45] – Setting the stage: your company sells, your stock cashes out, and a $5M windfall arrives

[3:22] – Why this might be the biggest financial event of your life

[6:18] – The first place to start: navigating taxes before spending

[9:40] – Real-world examples: from tech startups to natural food brands

[12:55] – Breaking down what a $5M payout can actually mean for your future income

[16:10] – Retirement readiness: could you really stop working today?

[20:45] – Building a strategy to make wealth last a lifetime

Links & Resources

Learn more at [https://YourRetirementCoach.com](https://yourretirementcoach.com/)

Connect with Nic on LinkedIn: https://www.linkedin.com/in/nicyeomans/

Schedule a consultation: https://www.yourretirementcoach.com/free-consultation

If you enjoyed this episode, please rate, follow, and leave a review. It really helps spread the word so more listeners can find Coffee with Your Retirement Coach!

📬 Questions?

Email: [[email protected]](mailto:[email protected])

Connect with us on Facebook: https://www.facebook.com/profile.php?id=100063585099972

🛑 Disclaimer:

Your Retirement Coach is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.

You've done it—you hit your retirement number. 🎉 Now what? In this episode, Nic and I walk through how to shift from saving to spending with intention: building a paycheck from your portfolio, deciding when (and how) to use Roth dollars, and coordinating taxes and healthcare so you don't accidentally create avoidable costs.

We also talk through a real-world success story and the four biggest takeaways I want you to leave with—without spoiling the details. If you're wondering how to turn a lifetime of saving into a confident, sustainable retirement income plan, press play.

## **Episode Highlights**

- [0:36] Welcome back + why "I hit my number" is actually the beginning of a new plan

- [3:10] The framework: from accumulation to a deliberate income strategy (paycheck, taxes, timing)

- [5:21] The hidden gotcha: healthcare costs and Medicare IRMAA—and why they belong in your income plan

- [6:58] Get your team aligned: coordinating with your CPA and other pros before you push the big buttons

- [7:35] Funding big purchases (cars, travel, home projects) without derailing the plan

- [12:17] A client case study: building Roth strength early to create flexibility later (and calm around RMDs at 73)

- [14:13] The four takeaways I don't want you to miss

## **Links & Resources**

- Request your worksheet or ask a question: **[email protected]**

- Topics mentioned: Roth conversions, Required Minimum Distributions (RMDs at age 73), Medicare IRMAA considerations

If you enjoyed this conversation, please **follow, rate, and review** the podcast—and share this episode with a friend who just hit their number. Thanks for listening and for being coachable!

📬 Questions?

Email: [email protected]

Connect with us on Facebook: https://www.facebook.com/profile.php?id=100063585099972

🛑 Disclaimer:

Your Retirement Coach is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.

Have you heard of required minimum distributions (RMDs) but aren't sure how they impact your retirement plan? In this episode of Coffee with Your Retirement Coach, Nic and I unpack everything you need to know about RMD rules, retirement income planning, and tax-smart strategies to avoid costly mistakes.

We'll explain what RMDs are, when they start, how they're calculated, and the tax implications you need to prepare for. Plus, we share real stories of retirees who were blindsided by RMD requirements—and how the right planning can help you reduce taxes, stay in control of your money, and enjoy retirement with confidence. Whether you're approaching age 73 or just getting started with retirement planning, this episode will help you build a smarter strategy for your future.

---

⏰ Episode Timeline

- [1:00] - Why **required minimum distributions** (RMDs) are a critical part of retirement income planning

- [2:20] - Which retirement accounts are subject to RMD rules (and why Roth IRAs are an exception)

- [3:37] - A powerful story: an engineer nearing retirement who had no idea about RMDs

- [5:42] - How RMDs are calculated using your year-end balance and the IRS life expectancy tables

- [7:33] - Flexibility in choosing which retirement account to withdraw from—and key caveats to know

- [9:11] - The truth about how RMDs are taxed as ordinary income, and one costly mistake to avoid

- [11:12] - Why you need an **RMD strategy** before age 73: Roth conversions, charitable giving, and more

- [12:36] - How market growth and IRS rules can push you into higher tax brackets over time

- [14:24] - A client story showing why even some CPAs misunderstand required minimum distributions

- [16:20] - Free resource: our **one-page RMD worksheet** to prepare for conversations with your CPA or advisor

---

🔗 Links & Resources

- Request the RMD CPA Worksheet by emailing: [[email protected]](mailto:[email protected])

- Learn more at [Yeoman's Consulting Group](https://yourretirementcoach.com/)

If you found this episode helpful, please rate, follow, review, and share Coffee with Your Retirement Coach.

📬 Questions?

Email: [email protected]

Connect with us on Facebook: https://www.facebook.com/profile.php?id=100063585099972

🛑 Disclaimer:

Your Retirement Coach is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.

Thinking about buying a car? Before you sign on the dotted line, grab your coffee and join me and our coach on the clipboard, Nic, as we share *proven* car-buying strategies that can save you thousands. Whether you're eyeing a new, used, or certified pre-owned vehicle, this episode reveals how to negotiate like a pro, avoid dealership traps, and understand the *true* cost of ownership.

We'll break down the difference between sales price and "Out the Door" pricing, how to factor in maintenance, insurance, fuel, and even resale value. Plus, you'll hear how Nic saved a client $11,000 on a Lexus and why buying an unpopular car at the right time can be a genius money move. This is your roadmap to a smarter, stress-free car purchase—no buyer's remorse required.

**Episode Timeline:**

[00:40] - Why most people overpay for cars—and how to avoid it.

[02:22] - The "time limit" tactic that makes dealerships work faster.

[05:20] - Real story: How research turned a $11K overpay into a huge win.

[08:00] - New vs. used: The millionaire's approach to vehicle buying.

[12:28] - Calculating total cost of ownership (insurance, fuel, and more).

[16:45] - "Out the Door" pricing: The number that *really* matters.

[22:33] - The contrarian strategy: Why buying the car nobody wants can be brilliant.

**Links & Resources:**

- *The Millionaire Next Door* by Thomas J. Stanley & William D. Danko

- MSN Autos: [msn.com/autos](https://www.msn.com/autos)

If you found this episode helpful, please **rate, follow, review, and share** *Coffee with Your Retirement Coach*. It's the easiest way to help others save money and drive away happy!

📬 Questions?

Email: [email protected]

Connect with us on Facebook: https://www.facebook.com/profile.php?id=100063585099972

🛑 Disclaimer:

Your Retirement Coach is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.

In this episode, we tackle one of the most overlooked and impactful ways to give—through appreciated assets. Whether you're thinking about supporting your church or blessing a loved one, we break down how to give more wisely and tax-efficiently. This conversation was inspired by a listener from Marietta, and we couldn't resist diving deeper into this topic that stirs up both generosity and smart planning.

Join Randy, Nic, and me (Aaron) as we explore two powerful angles: giving to charities versus giving to individuals. You'll hear real-life stories, key strategies to avoid unnecessary taxes, and tips on how to be generous without creating financial complications for your recipients. If you've ever wondered whether to write a check or gift appreciated stock instead—this episode's for you.

Episode Timeline:

• [0:00] Welcome & Introduction
• [0:30] Two Paths for Giving: Cash vs. Appreciated Assets
• [1:08] Giving to Charity: The Charitable Version
• [2:09] Real-Life Example: Gifting to Family
• [4:16] Gift Tax Rules & Bracket Management
• [5:38] Special Considerations: Disabilities & Financial Aid
• [7:27] Generosity Spurs Generosity
• [8:24] Key Takeaways & Final Thoughts
• [8:54] Disclaimers & Contact Info

Key Takeaways:

• Donating appreciated assets can help you avoid capital gains taxes and provide a bigger benefit to charities.
• Gifting investments to family members in lower tax brackets can be a win-win, but be mindful of gift tax limits and special situations.
• Always seek professional advice to ensure your generosity doesn't unintentionally impact someone's benefits or financial aid.

Links & Resources:

• Email us your questions: [email protected]
• Connect with us on Facebook: https://www.facebook.com/profile.php?id=100063585099972
• Learn more about our team: Yeoman's Consulting Group

Thanks for being generous with your time. If you enjoyed today's episode, please follow, rate, and share the podcast. And don't forget to leave us a review—your feedback helps us serve more coachable people like you!

🛑 Disclaimer: Your Retirement Coach is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.

In this episode of Coffee With Your Retirement Coach, we're continuing the conversation around intentional generosity and smart tax planning with Charitable Remainder Trusts (CRTs). Building on our last episode, we dive deeper into how these trusts can transform your giving strategy while creating powerful tax and income benefits. Whether you're a generous giver, a savvy investor, or both, this episode is packed with strategies to help you build a lasting legacy and minimize your tax burden.

We share real-life client stories, break down the components of CRTs, and explore how combining them with Roth conversions can dramatically reshape your retirement plan. You'll also hear us discuss tools like donor-advised funds and the vital role collaboration between financial planners, CPAs, and attorneys plays in making it all work. If generosity and tax savings are part of your future, you don't want to miss this one.

Episode Timeline

[0:00] - Welcome back and celebrating Marietta's culture of generosity

[2:15] - Why Charitable Remainder Trusts (CRTs) are ideal for the "middle-class millionaire"

[3:00] - CRT benefits: tax deductions, Roth conversions, income, and legacy impact

[5:10] - Demystifying trusts and how CRTs aren't just for the ultra-wealthy

[6:30] - Real-life example: Jim and Margot's CRT strategy and $600k Roth conversion

[10:12] - How CRTs provide living benefits and leave a charitable legacy

[12:20] - Using donor-advised funds for flexibility and multigenerational giving

[14:35] - Why execution matters: the need for experts and coordination

[17:45] - Strategic planning for tax-free income and generational wealth

[20:10] - Setting goals for your "tax matrix" and long-term tax-free strategies

[21:00] - Why coordinated planning between professionals is how you win

Links & Resources

• Contact our team: [email protected]
• Learn more: Your Retirement Coach Website
• About Donor-Advised Funds: National Philanthropic Trust

If this episode inspired you to rethink your giving or tax strategies, share it with someone who needs to hear it! And don't forget to rate, follow, and leave a review—we'd love to hear how this helped your financial journey. Stay generous, and as always, stay coachable.

🛑 Disclaimer: Your Retirement Coach is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.

It's July Fourth, and in this episode of Coffee with Your Retirement Coach, Nic and I kick things off with holiday cheer, backyard BBQs, and a few firework fails—yes, my pyrotechnic history makes a brief, reluctant appearance! But while the grills are hot and online sales are hotter, we shift focus to something far more important: how to protect yourself from online shopping scams.

We break down the latest tactics scammers are using, especially around big holiday sales and through social media ads, phishing texts, and fake websites. More importantly, we share how you can still take advantage of the convenience and deals of online shopping—safely and confidently. Plus, we're giving away some special goodies and a free checklist to help you stay scam‑free this summer!

Episode Timeline:

[0:34] – Celebrating the Fourth: Fireworks, grilling, and family fun

[2:15] – Marietta Square memories and small-town community charm

[4:10] – Holiday deals and the draw of themed online shopping

[5:45] – The rise of fake websites and too-good-to-be-true offers

[7:30] – Why you should never click links in promotional emails

[8:00] – Spotting phishing scams via text and how to respond

[10:20] – The safest way to pay online: credit cards vs. debit cards

[12:55] – Real-life scam story: credit card fraud caught in action

[15:00] – How to use points and perks wisely on your credit cards

[16:40] – Social media ad scams and how to avoid them

[17:30] – Free one-sheet checklist offer to stay scam-safe

Links & Resources:

🎁 Get your free scam-awareness checklist by emailing: [email protected]

☕ Win a bag of Retiree Roast Coffee – tell us how you celebrate the 4th of July (first four entries win!)

📬 Questions?

Email: [email protected]

Connect with us on Facebook: https://www.facebook.com/profile.php?id=100063585099972

If this episode reminded you of someone, please share it!

🛑 Disclaimer:

Your Retirement Coach is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.