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📱 Want expert help in planning for your financial future? Book your 401(k) Onboarding Meeting with Steve: https://calendly.com/steven-powerhouse-advisor/401-k-retirement-meeting-1-hour-clone?month=2024-12

⚡ Get your no-cost Retirement Toolkit: https://keap.page/ngt919/toolkit.html

Nobody likes tax season, but for new retirees, the rules can feel completely different. Income changes, required withdrawals begin, and decisions that once lowered taxes can create bigger bills later. Steve unpacks some of the most common retirement tax mistakes and how they show up in real life. A little forward planning can make a dramatic difference over the long run.

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

🧾 First-Year Shock: New income mix changes taxes

⏳ RMD Timing: Waiting can create bigger problems

⚠️ Conversion Mistakes: Overdoing Roth can backfire

📉 Social Security Taxes: Up to 85% may be taxed

👥 Spouse Impact: Income drops, but expenses don’t

Get your copy of Power Up Your 401K in our toolkit: https://keap.page/ngt919/toolkit.html

Follow along on YouTube:  https://www.youtube.com/channel/UCEE5ZkDedYTsKzkh2UxQ9Sg

Book your 401(k) Onboarding Meeting with Steve: https://calendly.com/steven-powerhouse-advisor/401-k-retirement-meeting-1-hour-clone?month=2024-12

Other ways to get in touch:

Phone: (775) 266-8867
Our website: https://powerhousefinancialadvisors.com/
Email: [email protected]

LinkedIn: https://www.linkedin.com/company/powerhouse-financial-advisors/
Facebook: https://www.facebook.com/PowerhouseFinancialAdvisors

This podcast is provided by Powerhouse Financial Advisors Inc. ("PFA"), a state-registered investment adviser. The information provided is for informational and educational purposes only and should not be considered personalized investment advice. PFA does not guarantee the acc...

Send us Fan Mail

📱 Want expert help in planning for your financial future? Book your 401(k) Onboarding Meeting with Steve: https://calendly.com/steven-powerhouse-advisor/401-k-retirement-meeting-1-hour-clone?month=2024-12

⚡ Get your no-cost Retirement Toolkit: https://keap.page/ngt919/toolkit.html

Most financial advice focuses on saving for retirement, but what happens when it’s finally time to spend? For many retirees, that shift is harder than expected. After decades of building habits around saving, flipping the switch can trigger fear, hesitation, and even guilt. Today, Steve discusses the emotional and psychological barriers to spending, along with practical strategies to help retirees feel confident using their money.           

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

😬 Emotional Barriers: Fear and guilt hold you back

🔍 Shift Mindset: Reframe habits around money

📊 Smart Planning: Build confidence with strategy

🧾 Real Examples: Learn from real retiree stories

🏁 Encouragement: Permit yourself to enjoy our savings

Get your copy of Power Up Your 401K in our toolkit: https://keap.page/ngt919/toolkit.html

Follow along on YouTube:  https://www.youtube.com/channel/UCEE5ZkDedYTsKzkh2UxQ9Sg

Book your 401(k) Onboarding Meeting with Steve: https://calendly.com/steven-powerhouse-advisor/401-k-retirement-meeting-1-hour-clone?month=2024-12

Other ways to get in touch:

Phone: (775) 266-8867
Our website: https://powerhousefinancialadvisors.com/
Email: [email protected]

LinkedIn: https://www.linkedin.com/company/powerhouse-financial-advisors/
Facebook: https://www.facebook.com/PowerhouseFinancialAdvisors

This podcast is provided by Powerhouse Financial Advisors Inc. ("PFA"), a state-registered investment adviser. The information provided is for informational and educational purposes only and should not be considered personalized investment advice. PFA does not guarantee the acc...

Send us Fan Mail

📱 Want expert help in planning for your financial future? Book your 401(k) Onboarding Meeting with Steve: https://calendly.com/steven-powerhouse-advisor/401-k-retirement-meeting-1-hour-clone?month=2024-12

⚡ Get your no-cost Retirement Toolkit: https://keap.page/ngt919/toolkit.html

Most folks meet with their financial advisor once a year. That meeting is one of the most valuable hours in your financial life if it's done right. Steve talks honestly about what that meeting looks like when it isn't... and what it looks like when it is. Don’t view your annual review as just a formality. Come ready for a real conversation.

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

⚠️ Presentation Trap: One-sided meetings miss the point

💬 Real Conversation: Engagement drives better outcomes

📊 Beyond Returns: Your plan is more than performance

🔄 Life Updates: Changes should shape decisions

🤝 Build Trust: Strong relationships improve planning

Get your copy of Power Up Your 401K in our toolkit: https://keap.page/ngt919/toolkit.html

Follow along on YouTube:  https://www.youtube.com/channel/UCEE5ZkDedYTsKzkh2UxQ9Sg

Book your 401(k) Onboarding Meeting with Steve: https://calendly.com/steven-powerhouse-advisor/401-k-retirement-meeting-1-hour-clone?month=2024-12

Other ways to get in touch:

Phone: (775) 266-8867
Our website: https://powerhousefinancialadvisors.com/
Email: [email protected]

LinkedIn: https://www.linkedin.com/company/powerhouse-financial-advisors/
Facebook: https://www.facebook.com/PowerhouseFinancialAdvisors

This podcast is provided by Powerhouse Financial Advisors Inc. ("PFA"), a state-registered investment adviser. The information provided is for informational and educational purposes only and should not be considered personalized investment advice. PFA does not guarantee the acc...

Send us Fan Mail

📱 Want expert help in planning for your financial future? Book your 401(k) Onboarding Meeting with Steve: https://calendly.com/steven-powerhouse-advisor/401-k-retirement-meeting-1-hour-clone?month=2024-12

⚡ Get your no-cost Retirement Toolkit: https://keap.page/ngt919/toolkit.html

We got a great question from a listener. They wrote in: "What's better — term life insurance, universal life, or whole life?" Straightforward question. Not a straightforward answer, especially if you're in your 50s. Today, Steve walks through all three. The right type of life insurance is the one that solves your specific problem at your specific stage of life. Your needs at 55 don’t look like they did at 35, and your coverage shouldn’t either.

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

🛡️ Life Insurance Types: Term, whole, and universal each serve different roles

📍 Starting Point: What are you actually protecting today?

👨‍👩‍👧‍👦 Life Stage Needs: Coverage changes as your life evolves

🏦 Whole Life: Long-term coverage with higher costs and tradeoffs

🔄 Universal Life: Flexible but requires careful management

Get your copy of Power Up Your 401K in our toolkit: https://keap.page/ngt919/toolkit.html

Follow along on YouTube:  https://www.youtube.com/channel/UCEE5ZkDedYTsKzkh2UxQ9Sg

Book your 401(k) Onboarding Meeting with Steve: https://calendly.com/steven-powerhouse-advisor/401-k-retirement-meeting-1-hour-clone?month=2024-12

Other ways to get in touch:

Phone: (775) 266-8867
Our website: https://powerhousefinancialadvisors.com/
Email: [email protected]

LinkedIn: https://www.linkedin.com/company/powerhouse-financial-advisors/
Facebook: https://www.facebook.com/PowerhouseFinancialAdvisors

This podcast is provided by Powerhouse Financial Advisors Inc. ("PFA"), a state-registered investment adviser. The information provided is for informational and educational purposes only and should not be considered personalized investment advice. PFA does not guarantee the acc...

Send us Fan Mail

📱 Want expert help in planning for your financial future? Book your 401(k) Onboarding Meeting with Steve: https://calendly.com/steven-powerhouse-advisor/401-k-retirement-meeting-1-hour-clone?month=2024-12

⚡ Get your no-cost Retirement Toolkit: https://keap.page/ngt919/toolkit.html

AI isn’t just a tech trend; it’s already reshaping how we work, invest, and plan for the future. Questions around job security, investment exposure, and whether AI can- or should- play a role in retirement planning are becoming more common by the day. In this episode, Steve tackles the top questions people are searching right now and breaks down what they actually mean for your financial future.

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

🤖 AI & Retirement: AI is already influencing work, investing, and planning

💼 Job Security Concerns: Adapting to AI may matter more than fearing it

📊 Investment Exposure: Many portfolios already have AI-driven risk

📈 Retirement Planning: AI can assist, but shouldn’t replace strategy

⚖️ Trusting AI: Helpful tool, but not a substitute for real guidance

Resources for this episode:

DC Participants Open to Private Markets—and AI—with Guardrails: Invesco Survey

https://401kspecialistmag.com/dc-participants-open-to-private-markets-and-ai-with-guardrails-invesco-survey/

Brookings article: Measuring US workers’ capacity to adapt to AI-driven job displacement

https://www.brookings.edu/articles/measuring-us-workers-capacity-to-adapt-to-ai-driven-job-displacement/ 

Get your copy of Power Up Your 401K in our toolkit: https://keap.page/ngt919/toolkit.html

Follow along on YouTube:  https://www.youtube.com/channel/UCEE5ZkDedYTsKzkh2UxQ9Sg

Book your 401(k) Onboarding Meeting with Steve: https://calendly.com/steven-powerhouse-advisor/401-k-retirement-meeting-1-hour-clone?month=2024-12

Other ways to get in touch:

Phone: (775) 266-8867
Our website: https://powerhousefinancialadvisors.com/
Email: [email protected]

LinkedIn: https://www.linkedin.com/company/powerhouse-financial-advisors/
Facebook: https://www.facebook.com/PowerhouseFinancialAdvisors

This podcast is provided by Powerhouse Financial Advisors Inc. ("PFA"), a state-registered investment adviser. The information provided is for informational and educational purposes only and should not be considered personalized investment advice. PFA does not guarantee the acc...

Send us Fan Mail

📱 Want expert help in planning for your financial future? Book your 401(k) Onboarding Meeting with Steve: https://calendly.com/steven-powerhouse-advisor/401-k-retirement-meeting-1-hour-clone?month=2024-12

⚡ Get your no-cost Retirement Toolkit: https://keap.page/ngt919/toolkit.html

There was some retirement news embedded in President Trump’s State of the Union address. He announced a proposal to give workers without employer-sponsored retirement plans access to a government-administered retirement account... with a federal match of up to $1,000 per year. Here's what we know so far… and what we don't.

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

💰 A proposed $1,000 federal match could boost retirement participation

👷 Millions of workers lack access to employer-sponsored plans

🔥 The real value may be motivation, not the dollar amount

👩‍💻 Gig workers and spouses could benefit in a big way

📈 Small, consistent contributions can compound into meaningful growth

Get your copy of Power Up Your 401K in our toolkit: https://keap.page/ngt919/toolkit.html

Follow along on YouTube:  https://www.youtube.com/channel/UCEE5ZkDedYTsKzkh2UxQ9Sg

Book your 401(k) Onboarding Meeting with Steve: https://calendly.com/steven-powerhouse-advisor/401-k-retirement-meeting-1-hour-clone?month=2024-12

Other ways to get in touch:

Phone: (775) 266-8867
Our website: https://powerhousefinancialadvisors.com/
Email: [email protected]

LinkedIn: https://www.linkedin.com/company/powerhouse-financial-advisors/
Facebook: https://www.facebook.com/PowerhouseFinancialAdvisors

This podcast is provided by Powerhouse Financial Advisors Inc. ("PFA"), a state-registered investment adviser. The information provided is for informational and educational purposes only and should not be considered personalized investment advice. PFA does not guarantee the acc...

Send us Fan Mail

📱 Want expert help in planning for your financial future? Book your 401(k) Onboarding Meeting with Steve: https://calendly.com/steven-powerhouse-advisor/401-k-retirement-meeting-1-hour-clone?month=2024-12

⚡ Get your no-cost Retirement Toolkit: https://keap.page/ngt919/toolkit.html

Financial media loves simple answers: always do this or never do that. But real financial planning doesn’t work that way. Most of the biggest decisions people face in retirement live in the gray. Steve breaks down some of the most common “black and white” retirement decisions and shows why they’re rarely that simple. When advice sounds too simple, that’s usually a sign there’s more to talk about. 

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

💰 Roth Conversions: Not Always a Win 

⏳ Social Security: Early vs. Late Isn’t So Simple 

💧 Saving vs. Liquidity: Finding the Right Balance 

🎯 Target Date Funds: Is DIY better than custom? 

Get your copy of Power Up Your 401K in our toolkit: https://keap.page/ngt919/toolkit.html

Follow along on YouTube:  https://www.youtube.com/channel/UCEE5ZkDedYTsKzkh2UxQ9Sg

Book your 401(k) Onboarding Meeting with Steve: https://calendly.com/steven-powerhouse-advisor/401-k-retirement-meeting-1-hour-clone?month=2024-12

Other ways to get in touch:

Phone: (775) 266-8867
Our website: https://powerhousefinancialadvisors.com/
Email: [email protected]

LinkedIn: https://www.linkedin.com/company/powerhouse-financial-advisors/
Facebook: https://www.facebook.com/PowerhouseFinancialAdvisors

This podcast is provided by Powerhouse Financial Advisors Inc. ("PFA"), a state-registered investment adviser. The information provided is for informational and educational purposes only and should not be considered personalized investment advice. PFA does not guarantee the acc...

Send us Fan Mail

📱 Want expert help in planning for your financial future? Book your 401(k) Onboarding Meeting with Steve: https://calendly.com/steven-powerhouse-advisor/401-k-retirement-meeting-1-hour-clone?month=2024-12

⚡ Get your no-cost Retirement Toolkit: https://keap.page/ngt919/toolkit.html

Everywhere you turn, somebody’s got financial advice. The problem is, they’re talking to millions of people at once… but you only get one retirement. In this episode, Steve takes some of the biggest names and loudest voices in the money world and puts their advice through a real‑life filter: Does this actually make sense for you, your career, and your retirement timeline? Tune in to find out!

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

💰 Emergency Savings: Suze Orman suggests larger cash reserves

📊 Net Worth Tracking: Kevin O’Leary stresses constant awareness

🏢 Leverage Strategy: Grant Cardone promotes aggressive borrowing

📈 Retirement Withdrawals: Dave Ramsey advocates higher withdrawal rates

🤖 Future Vision: Elon Musk predicts retirement savings may become irrelevant

Get your copy of Power Up Your 401K in our toolkit: https://keap.page/ngt919/toolkit.html

Follow along on YouTube:  https://www.youtube.com/channel/UCEE5ZkDedYTsKzkh2UxQ9Sg

Book your 401(k) Onboarding Meeting with Steve: https://calendly.com/steven-powerhouse-advisor/401-k-retirement-meeting-1-hour-clone?month=2024-12

Other ways to get in touch:

Phone: (775) 266-8867
Our website: https://powerhousefinancialadvisors.com/
Email: [email protected]

LinkedIn: https://www.linkedin.com/company/powerhouse-financial-advisors/
Facebook: https://www.facebook.com/PowerhouseFinancialAdvisors

This podcast is provided by Powerhouse Financial Advisors Inc. ("PFA"), a state-registered investment adviser. The information provided is for informational and educational purposes only and should not be considered personalized investment advice. PFA does not guarantee the acc...

Send us Fan Mail

📱 Want expert help in planning for your financial future? Book your 401(k) Onboarding Meeting with Steve: https://calendly.com/steven-powerhouse-advisor/401-k-retirement-meeting-1-hour-clone?month=2024-12

⚡ Get your no-cost Retirement Toolkit: https://keap.page/ngt919/toolkit.html

Many people treat old retirement accounts like collectibles; every job leaves behind another 401(k) sitting somewhere in the background. But having multiple accounts doesn’t automatically mean better diversification. Steve explains why consolidating old 401(k)s into a rollover IRA could potentially create more flexibility in your retirement strategy. If you’ve changed jobs over the years and still have old retirement accounts scattered around, Steve helps you think through your next move.

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

💼 401(k) Collecting: Many people unknowingly accumulate multiple old plans.

🧩 Hidden Overlap: Multiple accounts often hold the same investments.

📊 Tracking Problems: Old plans easily get forgotten or ignored.

🔄 Rollover Strategy: Consolidating accounts can simplify management.

🏦 Rollover IRA Benefits: Creates centralized oversight and more flexibility.

Get your copy of Power Up Your 401K in our toolkit: https://keap.page/ngt919/toolkit.html

Follow along on YouTube:  https://www.youtube.com/channel/UCEE5ZkDedYTsKzkh2UxQ9Sg

Book your 401(k) Onboarding Meeting with Steve: https://calendly.com/steven-powerhouse-advisor/401-k-retirement-meeting-1-hour-clone?month=2024-12

Other ways to get in touch:

Phone: (775) 266-8867
Our website: https://powerhousefinancialadvisors.com/
Email: [email protected]

LinkedIn: https://www.linkedin.com/company/powerhouse-financial-advisors/
Facebook: https://www.facebook.com/PowerhouseFinancialAdvisors

This podcast is provided by Powerhouse Financial Advisors Inc. ("PFA"), a state-registered investment adviser. The information provided is for informational and educational purposes only and should not be considered personalized investment advice. PFA does not guarantee the acc...

Send us Fan Mail

📱 Want expert help in planning for your financial future? Book your 401(k) Onboarding Meeting with Steve: https://calendly.com/steven-powerhouse-advisor/401-k-retirement-meeting-1-hour-clone?month=2024-12

⚡ Get your no-cost Retirement Toolkit: https://keap.page/ngt919/toolkit.html

Having “too much cash” sounds like a high-quality problem, until it starts quietly working against you. Steve tackles a subscriber question from someone sitting on $150,000 in the bank and wondering if that’s really so bad. The answer? It depends. Steve also shares simple guidelines on what to consider when cash starts stacking up in low-yield accounts, especially in retirement.

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

🛟 Emergency Fund Guidelines: Three vs six-month rule

👨‍👩‍👧 Income Stability Matters: Single vs dual household planning

📈 Excess Cash Strategy: When savings becomes overkill

📚 Plan Over Opinions: Why brother’s advice isn’t enough

Get your copy of Power Up Your 401K in our toolkit: https://keap.page/ngt919/toolkit.html

Follow along on YouTube:  https://www.youtube.com/channel/UCEE5ZkDedYTsKzkh2UxQ9Sg

Book your 401(k) Onboarding Meeting with Steve: https://calendly.com/steven-powerhouse-advisor/401-k-retirement-meeting-1-hour-clone?month=2024-12

Other ways to get in touch:

Phone: (775) 266-8867
Our website: https://powerhousefinancialadvisors.com/
Email: [email protected]

LinkedIn: https://www.linkedin.com/company/powerhouse-financial-advisors/
Facebook: https://www.facebook.com/PowerhouseFinancialAdvisors

This podcast is provided by Powerhouse Financial Advisors Inc. ("PFA"), a state-registered investment adviser. The information provided is for informational and educational purposes only and should not be considered personalized investment advice. PFA does not guarantee the acc...