In this episode of the Retire Stronger podcast, John Foard and Bill Kearney delve into tax optimization strategies for retirement. They discuss various methods to minimize tax burdens, including withdrawal order strategies, Roth conversions, tax loss harvesting, and understanding required minimum distributions (RMDs). The conversation also covers optimizing social security benefits, utilizing tax-efficient investments, leveraging health savings accounts, and estate planning strategies. The hosts emphasize the importance of consulting with financial advisors and tax professionals to tailor these strategies to individual situations, ensuring a comprehensive approach to retirement planning.

In this episode, John and Bill discuss the concept of tax optimization in retirement planning. They explain how structuring assets and income can lead to more tax-efficient outcomes for retirees. The conversation covers the three main tax buckets: taxable, tax-deferred, and low/no tax, and emphasizes the importance of balancing these buckets to minimize tax liabilities. They also touch on the implications of Social Security taxes and provide insights into how retirees can better manage their tax situations.

In this episode of the Retire Stronger podcast, host John Foard and Bill Kearney delve into the critical concept of sequence of return risk and its implications for retirement planning. They explain how the order of investment returns can significantly impact a retiree’s portfolio, especially during the early years of retirement when withdrawals are being made. The discussion includes illustrative examples comparing two couples with identical portfolios but different sequences of returns, highlighting the stark differences in their financial outcomes. The hoses also explore strategies to mitigate this risk, emphasizing the importance of portfolio structure and the need for proactive adjustments to withdrawal strategies. They encourage listeners to consult with financial advisors to assess their exposure to this risk and to take informed steps in their retirement planning.

In this episode of the Retire Stronger podcast, John and Bill discuss Roth conversions and the considerations to keep in mind when deciding if it's the right strategy for retirement income planning. They cover topics such as the basics of a Roth conversion, tax considerations, timing, and the impact on Social Security and Medicare benefits. They emphasize the importance of understanding your specific situation and working with a trusted advisor to make informed decisions.

In this episode, John and Bill discuss the topic of excess withdrawal risk in retirement planning. They highlight the challenges of determining withdrawal rules and the potential risks associated with relying on a fixed percentage rule. They emphasize the importance of holistic financial planning and understanding household cashflow. The conversation also touches on the impact of excess withdrawal risk in everyday life and the potential consequences of taking on debt. The episode concludes with a summary of the main points and a teaser for the next topic, sequence of return risk.

In this episode, John and Bill discuss the topic of longevity risk and its impact on retirement planning. They start by explaining the concept of retirement risks and the goal of experiencing a worry-free retirement. They then delve into the history of retirement and how it has evolved over the years. The conversation highlights the shift in responsibility for retirement planning from companies to individuals. The fear of outliving money is identified as a major concern for retirees. The importance of red line planning and cashflow management is emphasized in addressing longevity risk. The episode concludes with a discussion on planning for a fulfilling retirement and a preview of future topics.

In this episode, Bill Kearney and John Foard introduce themselves and their firm, Crown Advisors. They discuss their backgrounds as financial planners and the reasons behind their decision to form a partnership. The main focus of their firm is helping clients with income planning and tax management for retirement. They emphasize the importance of creating a comprehensive financial plan and the role of tax efficiency in retirement planning. They also mention their specialization in special needs planning and their commitment to providing meaningful support to families in this area. The episode concludes with a preview of future topics, including retirement risks and special needs planning.