Dollars With Dennis

Get your customized planning started today by connecting with Dennis 👉 https://www.faith401kmgmt.com/contact_us/

Downsizing may seem like a quick way to cut costs and simplify life, but rising property taxes, insurance rates, and HOA fees can quickly erase any savings. Is downsizing truly the answer, or does it just bring more complications? Today, we’ll go beyond the financials to explore the emotional and practical challenges of leaving your home. 

Here’s some of what we discuss in this episode:

💰The real costs of downsizing, financial and emotional 

🏝️ The impact of location and climate on retirement choices

📦 The stress and expense of moving

👨‍👩‍👧‍👦 How family dynamics shape downsizing decisions

Our website:  https://www.401k.faith

Phone: (513) 898-1897

Contact our team: https://www.faith401kmgmt.com/contact_us/

Book an Introductory Meeting: https://www.faith401kmgmt.com/contact_us/

Check out our no-cost financial flipbooks here: https://www.faith401kmgmt.com/learning_center/flipbooks/

Join one of our upcoming events: https://www.faith401kmgmt.com/events.htm

Check out our online calculators: https://www.faith401kmgmt.com/learning_center/calculators/

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Think Medicare is free once you turn 65? Not quite. Many retirees are shocked to discover IRMAA—the Income-Related Monthly Adjustment Amount—a hidden surcharge that increases your Medicare Part B and Part D premiums if your income crosses certain thresholds. This can quietly shrink your Social Security check by thousands of dollars a year, and most people don’t even realize it until it shows up in their statement.

Here’s some of what we discuss in this episode:

🧾 What IRMAA is and how it can impact you 

💸 What triggers IRMAA (and what doesn’t)

⚠️ Even widows or surviving spouses can be impacted 

✅ How smart planning can reduce or even avoid these costly surprises

Medicare.gov

https://www.medicare.gov/

Our website:  https://www.401k.faith

Phone: (513) 898-1897

Contact our team: https://www.faith401kmgmt.com/contact_us/

Book an Introductory Meeting: https://www.faith401kmgmt.com/contact_us/

Check out our no-cost financial flipbooks here: https://www.faith401kmgmt.com/learning_center/flipbooks/

Join one of our upcoming events: https://www.faith401kmgmt.com/events.htm

Check out our online calculators: https://www.faith401kmgmt.com/learning_center/calculators/

Check us out on YouTube: https://www.youtube.com/channel/UCpuK6WuipFhXBxujjM6nl7g

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Get your customized planning started today by connecting with Dennis 👉 https://www.faith401kmgmt.com/contact_us/

You’ve spent decades building your investment accounts, monitoring the markets, and contributing to your 401(k). That’s great. But here’s the truth: you’re not ready to retire if that’s all you’ve done. Retirement planning isn’t just about your portfolio; it’s about so much more. In today’s episode, Dennis is diving into all the non-investment decisions that can make or break your retirement.

Here’s some of what we discuss in this episode:

🧳 Plan your lifestyle: travel, hobbies, and purpose

🏠 Housing choices: downsizing, relocating, or staying put

💰 Social Security and pensions: when and how to claim

🏥 Health care costs and long-term care risks

📑 Taxes and estate planning essentials

Our website:  https://www.401k.faith

Phone: (513) 898-1897

Contact our team: https://www.faith401kmgmt.com/contact_us/

Book an Introductory Meeting: https://www.faith401kmgmt.com/contact_us/

Check out our no-cost financial flipbooks here: https://www.faith401kmgmt.com/learning_center/flipbooks/

Join one of our upcoming events: https://www.faith401kmgmt.com/events.htm

Check out our online calculators: https://www.faith401kmgmt.com/learning_center/calculators/

Check us out on YouTube: https://www.youtube.com/channel/UCpuK6WuipFhXBxujjM6nl7g

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Get your customized planning started today by connecting with Dennis 👉 https://www.faith401kmgmt.com/contact_us/

If your parents passed away relatively young, it’s only natural to wonder whether you’ll follow the same path. And from a financial standpoint, does that change how you should approach things like retirement planning and when to draw Social Security benefits? In today’s episode, Dennis answers a listener’s question on this exact topic. 

Here’s some of what we discuss in this episode:

⏳ Claiming Social Security early reduces benefits, know your “why” and have a plan

💰 Having multiple “buckets” of money provides flexibility and tax efficiency

🛡️ Planning is more important even if you fear a shorter retirement

👨‍👩‍👧 Family history matters, but it shouldn’t determine your retirement path

Our website:  https://www.401k.faith

Phone: (513) 898-1897

Contact our team: https://www.faith401kmgmt.com/contact_us/

Book an Introductory Meeting: https://www.faith401kmgmt.com/contact_us/

Check out our no-cost financial flipbooks here: https://www.faith401kmgmt.com/learning_center/flipbooks/

Join one of our upcoming events: https://www.faith401kmgmt.com/events.htm

Check out our online calculators: https://www.faith401kmgmt.com/learning_center/calculators/

Check us out on YouTube: https://www.youtube.com/channel/UCpuK6WuipFhXBxujjM6nl7g

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Get your customized planning started today by connecting with Dennis 👉 https://www.faith401kmgmt.com/contact_us/

Most people don’t feel wealthy. But what if your day-to-day habits are quietly building serious financial strength? A recent article from Kiplinger outlined five surprising signs that you might be richer than you think. And none of them involve yachts or private jets. In this episode, Dennis analyzes the habits that signal real, lasting wealth and what to do if you are (or aren’t) on the right track.

Here’s some of what we discuss in this episode:

⛳ The side hustle that surprised Dennis 

🙌 Confidence that comes from small, consistent wins

🔍 Discovering wealth you’ve overlooked in everyday life

⏳ Long-term focus is the real wealth-builder

💰 Does the 10-10-80 Rule work? 

Our website:  https://www.401k.faith

Phone: (513) 898-1897

Contact our team: https://www.faith401kmgmt.com/contact_us/

Book an Introductory Meeting: https://www.faith401kmgmt.com/contact_us/

Check out our no-cost financial flipbooks here: https://www.faith401kmgmt.com/learning_center/flipbooks/

Join one of our upcoming events: https://www.faith401kmgmt.com/events.htm

Check out our online calculators: https://www.faith401kmgmt.com/learning_center/calculators/

Check us out on YouTube: https://www.youtube.com/channel/UCpuK6WuipFhXBxujjM6nl7g

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Get your customized planning started today by connecting with Dennis 👉 https://www.faith401kmgmt.com/contact_us/

The kids may be heading back to class, but it’s not a bad time for adults to hit the books too, especially when it comes to retirement. So, let’s test your knowledge with a quick financial pop quiz and see how ready you really are. In this episode, Dennis takes you through five multiple-choice questions covering essential retirement topics every pre-retiree and retiree should understand.

Here’s some of what we discuss in this episode:

📅 Knowing your full Social Security age

🪙 Catch-up contributions after 50

📂 Understanding RMD rules

📈 The 4% withdrawal rule 

🚨 Top risks that threaten retirement plans

Our website:  https://www.401k.faith

Phone: (513) 898-1897

Contact our team: https://www.faith401kmgmt.com/contact_us/

Book an Introductory Meeting: https://www.faith401kmgmt.com/contact_us/

Check out our no-cost financial flipbooks here: https://www.faith401kmgmt.com/learning_center/flipbooks/

Join one of our upcoming events: https://www.faith401kmgmt.com/events.htm

Check out our online calculators: https://www.faith401kmgmt.com/learning_center/calculators/

Check us out on YouTube: https://www.youtube.com/channel/UCpuK6WuipFhXBxujjM6nl7g

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Get your customized planning started today by connecting with Dennis 👉 https://www.faith401kmgmt.com/contact_us/

Just because something used to be true doesn’t mean it still is today, especially when it comes to retirement planning. In 2025, rising interest rates, tax uncertainty, and longer life expectancies mean it’s time to rethink some long-held financial beliefs. In this episode, Dennis shares seven retirement assumptions that sound smart on the surface but could quietly sabotage your financial future if left unchallenged. How many do you believe? 

Here’s some of what we discuss in this episode:

📉 Why delaying Social Security doesn’t always pay

💰 The truth about Roth IRA timing

📜 The truth about how Social Security started and who it was for 

🛑 The problem with assuming lower taxes

⏱️ Why “I’ll just work longer” can backfire

Our website:  https://www.401k.faith

Phone: (513) 898-1897

Contact our team: https://www.faith401kmgmt.com/contact_us/

Book an Introductory Meeting: https://www.faith401kmgmt.com/contact_us/

Check out our no-cost financial flipbooks here: https://www.faith401kmgmt.com/learning_center/flipbooks/

Join one of our upcoming events: https://www.faith401kmgmt.com/events.htm

Check out our online calculators: https://www.faith401kmgmt.com/learning_center/calculators/

Check us out on YouTube: https://www.youtube.com/channel/UCpuK6WuipFhXBxujjM6nl7g

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Get your customized planning started today by connecting with Dennis 👉 https://www.faith401kmgmt.com/contact_us/

You’ve worked hard, saved diligently, and finally retired… but now the doubt sets in. Today we’ll tackle a question many retirees secretly ask: “What if I made a mistake by retiring too soon?” In this episode, Dennis shares why those feelings are normal and how the right plan should bring peace of mind. Worried about running out of money or feeling lost without work? Don’t miss this episode. Dennis shares how to take control before doubt takes over.

Here’s some of what we discuss in this episode:

💡 The mindset shift most retirees face

📉 When going back to work is optional vs. necessary

💬 “You can retire today... but can you stay retired?”

🧭 Why staggered retirements reduce stress for couples

🔁 Live the plan. Update the plan. Trust the plan.

Our website:  https://www.401k.faith

Phone: (513) 898-1897

Contact our team: https://www.faith401kmgmt.com/contact_us/

Book an Introductory Meeting: https://www.faith401kmgmt.com/contact_us/

Check out our no-cost financial flipbooks here: https://www.faith401kmgmt.com/learning_center/flipbooks/

Join one of our upcoming events: https://www.faith401kmgmt.com/events.htm

Check out our online calculators: https://www.faith401kmgmt.com/learning_center/calculators/

Check us out on YouTube: https://www.youtube.com/channel/UCpuK6WuipFhXBxujjM6nl7g

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A listener wrote in with a question that many couples might relate to: “How do we plan for retirement when we don’t share accounts and don’t even know each other’s spending habits?” In this episode, Dennis walks through what it looks like to plan for the future when your finances aren’t fully merged, and how couples can find clarity even when they’re working from two different spreadsheets.

Here’s some of what we discuss in this episode:

🤝 How to coordinate without merging accounts

⚠️ The risks of financial siloing

🏡 The “his, hers, and household” account strategy

🧠 Why financial transparency is so important  

Our website:  https://www.401k.faith

Phone: (513) 898-1897

Contact our team: https://www.faith401kmgmt.com/contact_us/

Book an Introductory Meeting: https://www.faith401kmgmt.com/contact_us/

Check out our no-cost financial flipbooks here: https://www.faith401kmgmt.com/learning_center/flipbooks/

Join one of our upcoming events: https://www.faith401kmgmt.com/events.htm

Check out our online calculators: https://www.faith401kmgmt.com/learning_center/calculators/

Check us out on YouTube: https://www.youtube.com/channel/UCpuK6WuipFhXBxujjM6nl7g

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Dave Ramsey is one of the most recognized voices in personal finance. His 9-step retirement plan is simple, direct, and built for mass appeal. But is it really the best path for your retirement? 

Here’s some of what we discuss in this episode:

🧭 Why your retirement plan should start with setting goals

💸 Why saving more than 15% may be necessary

🏡 When paying off your mortgage early makes sense

📆 Evaluating Social Security timing based on your situation 

🏥 Why planning for healthcare and long-term care early is critical

Our website:  https://www.401k.faith

Phone: (513) 898-1897

Contact our team: https://www.faith401kmgmt.com/contact_us/

Book an Introductory Meeting: https://www.faith401kmgmt.com/contact_us/

Check out our no-cost financial flipbooks here: https://www.faith401kmgmt.com/learning_center/flipbooks/

Join one of our upcoming events: https://www.faith401kmgmt.com/events.htm

Check out our online calculators: https://www.faith401kmgmt.com/learning_center/calculators/

Check us out on YouTube: https://www.youtube.com/channel/UCpuK6WuipFhXBxujjM6nl7g

Facebook: https://www.facebook.com/profile.php?id=100063561056644

LinkedIn: https://www.linkedin.com/in/dennis-horr-2ba3714/

X: https://x.com/dennishorr