Retire Once Show

Roth accounts are a powerful investment tool that can benefit some people. Whether it is the Roth IRS, Roth 401k, Back Door Roth, or Roth Conversion, these options should be selected based on everyone's own specific financial situation. With so many different Roth Accounts to choose from and all of them having their own small nuances, join Johnathan and Melissa Rankin as they go over 5 Roth Account types and strategies.

 Submit questions to the show at [email protected]

-Johnathan Rankin CRPC® CEPA®, Founder & CEO, 

- Melissa Rankin - Wealth Management Advisor

Theorem Wealth Management

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CHAPTERS

0:00 - Introduction

1:48 - What is a Roth Account?

3:37 - Roth Account vs Traditional Account

8:25 - Roth Conversions

12:46 - Backdoor Roth IRA

16:17 - Mega Backdoor Roth IRA

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Whether you’ve been investing in a 401(k) for decades or you just made your first contribution, there are 3 things you need to know about your 401(k). For years we have gotten 3 common questions that we are going to answer on this episode of the Retire Once Show. 

How much should you save in your 401(k)? If your company offers a match, it is important to take advantage of the full match or you are leaving free money on the table. What about after that? Is the 401(k) the best place to save after you reach the company match? We dive into an article written by Nick Maggiulli where he analyzes whether or not you should max out your 401(k).

Is taking out a loan from your 401(k) a good idea? There are times when you might find yourself in a financial bind and need access to money. Whether it is for medical costs or home renovations. Most 401(k) plans offer the ability to take a loan from your 401(k) so you are not faced with the taxes and potential penalty that is accompanied by a cash withdrawal. While a 401(k) loan helps you save on interest because you are paying yourself instead of a bank, that doesn’t mean it is the best financial decision to make. 

A recent study shows that there is an estimated 24.3 million 401)k) accounts and $1.35 trillion in assets that have been left behind at old employers. There are a number of options to choose from when handling your old 401(k) accounts. You can leave them where they are at in the old employer’s plan. You can roll the assets into your new employer’s plan. You can roll the assets into an IRA. You can convert the assets to a Roth IRA. Lastly, you can cash out the account where you would pay taxes and a possible penalty. Deciding what to do with your old 401(k) accounts can have a long-term impact on your retirement success and it is an important decision to make.

Submit questions to the show at [email protected]

-Johnathan Rankin CRPC® CEPA®, Founder & CEO, 

- Melissa Rankin - Wealth Management Advisor

Theorem Wealth Management

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CHAPTERS

00:00 - Intro

2:15 - How Much Should You Contribute To Your 401(k)

9:05 - 401(k) Loans

14:07 - Options For Your Old 401(k) Accounts

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What are the things that can make estate planning a lot easier? That's really what we want to cover today. Things are often overlooked and today we're going to talk about the six things that you could do to make a transition easier. If you have aging parents, and you're the one that's going to act as that personal representative. We're going to share some helpful information covering estate planning and digital wills that we think are important for you to have. 

Submit questions to the show at [email protected]

- Johnathan Rankin CRPC® CEPA®, Founder & CEO, 

- Melissa Rankin - Wealth Management Advisor

Theorem Wealth Management

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CHAPTERS

00:00 - Introduction

4:24 - Choose Someone You Trust. . . Then Communicate

6:29 - Make A List Of Property

8:23 - Make A List Of All Accounts

12:15 - Make Copies Of Your List

13:30 - Create A Digital Will

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Bo also helps our listeners understand how to value the personal property of an estate by working with a certified appraiser. We also discuss the differences between an estate sale and an estate auction and how to go about choosing the best fit for your inherited estate. Bo shares the secret to attending estate sales and estate auctions as a buyer and how to make the most out of the experience.

Bo shares tips on buying physical gold and silver so that you can feel confident in the process. Make sure you check out the end of the interview where we discuss how to handle inheriting real estate. Inheriting a home can come with many challenges depending on the condition of the home. Bo walks our listeners through 3 options when handling an inheritance that includes real estate.

- Johnathan Rankin CRPC® CEPA®, Founder & CEO,

- Melissa Rankin - Wealth Management Advisor

Theorem Wealth Management

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IMPORTANT LINKS:

Fidelity Estate Services: 

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Schedule Your Free Retirement Assessment: 

Disclaimer: Johnathan Rankin is a Registered Representative of Sanctuary Securities Inc. and an Investment Advisor Representative of Sanctuary Advisors, LLC. Securities offered through Sanctuary Securities, Inc., Member FINRA, SIPC. Advisory services offered through Sanctuary Advisors, LLC., an SEC Registered Investment Advisor. Theorem Wealth Management is a DBA of Sanctuary Securities, Inc. and Sanctuary Advisors, LLC.

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How do you know if the retirement goals you set are actually achievable? In this episode, we walk you through the basics to help you determine if the goals you set are achievable in retirement. It is easy to set goals for retirement, but it can be difficult to know if those goals are feasible or if they will eventually catch up to you later in retirement. What we have found is that it is important to focus on your needs goals first. Making sure that your retirement lifestyle can be maintained is key. Once you have confidence that your financial needs can be met, then you can add in your “want” goals. Things like travel or vacation homes or new cars. Adding those “want” goals one by one and stress-testing your retirement plan after each one is added will give you confidence that your retirement lifestyle won’t be impacted by one single event or purchase.

Inflation came in at the highest level in 4 decades. We spend time discussing the impact that inflation is having on retirees. There has been an increase in the number of people who are retired that are being forced back to work inflation has made retirement challenging. What can you do to limit the impact of inflation?

Most people have created a bucket list at some point in their life. Many retirees might create one before retirement to make sure they accomplish as much as they can during their retirement. Does creating a bucket list actually lead to dissatisfaction? What about creating a reverse bucket list? We take time to discuss how you can find satisfaction in retirement by reducing the number of things you want in retirement as opposed to increasing the things you have.

All that and more on this episode of our retirement podcast The Retire Once Show

-Johnathan Rankin CRPC® CEPA®, Founder & CEO,

- Melissa Rankin - Wealth Management Advisor

Theorem Wealth Management

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CHAPTERS

00:00 - Introduction

3:04 - Retirement goal setting

11:16 - What most retirees overlook

👉Click Here to Access Show Notes For This Episode 

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Retirement is like having five extra Saturdays in your week and while it may be fun to relax for a while, it doesn't take too long till the relaxation can become boring. Today Johnathan and Melissa will talk about how to set goals for retirement to ward off post-retirement boredom. Also, make sure you tune in to the end of the show where they answer a listener's question about what most retirees often overlook.

Email the show [email protected]

Schedule a Conversation

Download Our Retirement Toolkit

-Johnathan Rankin CRPC® CEPA®, Founder & CEO,

- Melissa Rankin - Wealth Management Advisor

Theorem Wealth Management

-----------------------

CHAPTERS

00:00 - Introduction

3:04 - Retirement goal setting

11:16 - What most retirees overlook

👉Click Here to Access Show Notes For This Episode 

Connect with us

Watch us on Youtube

Follow us on LinkedIn

Connect with us on Facebook

Check Out Our Retirement Resources 

Interest rates can impact investments and more importantly your retirement. Join Johnathan and Melissa Rankin as they discuss what rising interest rates affect and how to prepare for them. Schedule a Conversation  -Johnathan Rankin CRPC® CEPA®, Founder & CEO, - Melissa Rankin Wealth Management Advisor

Theorem Wealth Management

00:00 - Intro

2:14 - Why are interest rates rising?

4:42 - Bond in a rising interest rate environment

8:08 - Stocks & rising interest rates

12:56 - How rising interest rates affect retirement plans

17:09 - 401ks

👉Click Here to Access Show Notes For This Episode 

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A recession is something that affects everyone, and those who are near or in retirement can feel the impact the most. Join Melissa and Johnathan Rankin as they discuss some of the ways a recession can impact those planning for retirement. Schedule a Conversation 

-Johnathan Rankin CRPC® CEPA®, Founder & CEO,

- Melissa Rankin Wealth Management Advisor

Theorem Wealth Management

Chapters:

00:00 - Introduction

3:10 - What is a recession?

7:57 - How a recession can impact your career.

14:37 - What a recession means for those close to retirement.

16:53 - Sequence of returns risk 20:08 - How a recession affects retirees.

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When people think of retirement mistakes, they tend to think of financial mistakes that are made, but are all mistakes financial related? On this episode of the Retire Once Show we discuss our Top 5 Retirement Mistakes and what you can do to avoid them. -Johnathan Rankin, CRPC® CEPA®

- Melissa Rankin - Wealth Management Advisor

👉Click Here to Access Show Notes For This Episode 

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Check Out Our Retirement Resources 

-Johnathan Rankin, CRPC® CEPA®

- Melissa Rankin - Wealth Management Advisor

👉Click Here to Access Show Notes For This Episode Connect with us

Watch us on Youtube

Follow us on LinkedIn

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Check Out Our Retirement Resources