David Lau of DPL Financial Partners discusses the in’s and out’s of annuities, what to look for in a good annuity and how to utilize them properly in your retirement plan.

Annuities are a hot button topic among investors, but my guest in this week’s “Retirement Revealed” podcast, David Lau of DPL Financial Partners, sees the inherent problems with how annuities have been treated in the past. He shared his thoughts on how we can change the way annuities are purchased and perceived.

Annuities often find themselves at the center of controversy in the financial world. On the one hand, Nobel Prize-winning economists and retirees alike appreciate the security and guaranteed income they provide. Yet, the mention of annuities can provoke strong negative reactions, mainly due to their high fees and the commissions they generate for salespeople. The irony is that while people might dislike annuities, they cherish their pensions and Social Security, both of which are essentially forms of annuities but without the hefty fees.

The high fees associated with annuities often stem from high commissions. This structure has led to situations where clients are sold products that might not be in their best interest, simply because they generate higher commissions for the advisor. For example, I had a client who was recommended to switch from one annuity to another. Upon review, the new annuity did not offer better guarantees, yet the advisor stood to earn a significant commission from the switch. This kind of practice erodes trust and tarnishes the reputation of annuities as a financial product.

Another significant issue with many annuities is the long surrender periods. I recall a case where an annuity purchased in 2005 had a 17-year surrender period, with a penalty as high as 20% in the initial years. Such conditions can trap clients in unfavorable contracts, making it difficult for them to access their funds without substantial penalties. This lack of flexibility further contributes to the negative perception of annuities.

Despite these drawbacks, annuities can be beneficial under the right circumstances. They offer tax deferral, guaranteed lifetime income, and downside protection, which can be valuable for certain individuals. However, it’s crucial to evaluate whether these benefits align with your financial goals. For instance, if you’re not seeking lifetime income or don’t need the tax deferral benefits, an annuity might not be the best choice for you.

What stands out in the annuity debate is the need for personalized financial advice. The Retirement Income Style Awareness (RISA) profile, for example, helps determine the best investment strategies based on your individual goals and risk tolerance. This approach contrasts with the one-size-fits-all mentality that sometimes pervades the industry. Everyone’s financial situation is unique, and the right financial product should fit their specific needs, not the other way around.

Understanding the type of financial advisor you’re working with can also shed light on the recommendations you receive. Advisors affiliated with big brokerage firms, registered investment advisors, or insurance companies may have different biases and product offerings. For example, insurance company advisors might lean towards selling more insurance products, while registered investment advisors might not offer enough insurance options. Striking a balance and ensuring your advisor is independent and unbiased can help you receive more holistic and beneficial advice.

One promising development is the shift towards fee-based models, which can eliminate the conflict of interest inherent in commission-based sales. By focusing on fee-based advice, advisors can recommend products that truly meet their clients’ needs without the influence of commission incentives. This model promotes transparency and builds trust between advisors and clients.

Once you have a clearer picture about the risks and benefits of annuities, you can approach them as another avenue to round out your investment strategy.

Don’t forget to leave a rating for the “Retirement Revealed” podcast if you’ve been enjoying these episodes!

Subscribe to Retirement Revealed to get new episodes every Wednesday.

Apple Podcasts: https://podcasts.apple.com/us/podcast/retirement-revealed/id1488769337

Spotify Podcasts: https://bit.ly/RetirementRevealedSpotify 

Watch the full episode with David Lau on the Mr. Retirement YouTube Channel: https://youtu.be/poadpc9ngCA

Additional Links:

Connect With Jeremy Keil:

===

Disclosures

Videos/Podcasts/Blogs (media) published prior to June 30, 2025, were recorded and approved while the advisor was affiliated with Thrivent Advisor Network. These media reflect the advisor’s views and interpretations at that time. The information and disclosures contained in those media were believed to be accurate and complete as of the date of recording, but may not reflect current market conditions or Alongside, LLC, policies.

All content is provided for educational purposes only and does not constitute personalized investment advice. Read below for current disclosures and potential conflicts of interest.

This media is provided for informational and educational purposes only and does not consider the investment objectives, financial situation, or particular needs of any consumer. Nothing in this program should be construed as investment, legal, or tax advice, nor as a recommendation to buy, sell, or hold any security or to adopt any investment strategy.

The views and opinions expressed are those of the host and any guest, current as of the date of recording, and may change without notice as market, political or economic conditions evolve. All investments involve risk, including the possible loss of principal. Past Performance is no guarantee of future results.

Legal & Tax Disclosure

Consumers should consult their own qualified attorney, CPA, or other professional advisor regarding their specific legal and tax situations.

Advisor Disclosures

Alongside, LLC, doing business as Keil Financial Partners, is an SEC-registered investment adviser. Registration does not imply a certain level of skill or expertise. Advisory services are delivered through the Alongside, LLC platform. Keil Financial Partners is independent, not owned or operated by Alongside, LLC.

Additional information about Alongside, LLC – including its services, fees and any material conflicts of interest – can be found at https://adviserinfo.sec.gov/firm/summary/333587 or by requesting Form ADV Part 2A.

The content of this media should not be reproduced or redistributed without the firm’s written consent. Any trademarks or service marks mentioned belong to their respective owners and are used for identification purposes only.

For important disclosures visit: https://keilfp.com/disclosures/

===

Identifying retirement sentiment from the Employee Benefit Research Institute and examining the strategies you can use to avoid unnecessary financial strain in retirement.

Today, I’m diving into the latest Retirement Confidence Survey from the Employee Benefit Research Institute (EBRI), which uncovers some surprising trends and offers valuable lessons for your retirement planning.

One of the headline findings from the EBRI survey is that, on average, people expect to retire at age 65 but end up retiring at 62. This three-year gap can be a significant surprise if you’re not prepared. While this trend isn’t new—Boston College’s retirement center reported similar findings back in 2011—it’s a stark reminder that many retire earlier than planned.

The survey reveals that nearly 70% of those who retired earlier than expected did so for reasons beyond their control. These reasons range from health issues and economic changes to family obligations, such as caring for aging parents. This unpredictability underscores the importance of being financially ready for retirement three years ahead of your target retirement date.

Imagine having a meticulously planned retirement schedule set for age 65, only to face an unexpected job loss or health crisis at 62. If your finances aren’t prepared for such an event, it can create unnecessary stress and financial strain. By planning for an earlier retirement, you can navigate these uncertainties with greater confidence and security.

Another key finding from the survey is the common misconception that retirement and Social Security benefits are intrinsically linked. Many people assume that they should start claiming Social Security as soon as they retire, but this isn’t necessarily the best strategy. The Social Security Administration even reinforces this misconception by linking the term “retirement date” with the start of benefits.

However, the decision to retire and the decision to claim Social Security are separate and should be made independently. Your goal should be to maximize your Social Security benefits by timing them correctly, which often means delaying benefits to increase your monthly payments. You can start the process by creating an account on ssa.gov to explore different scenarios and understand the implications of your choices.

The survey also highlights that over a third of retirees found their travel, entertainment, or leisure expenses higher than expected. Additionally, half of the retirees reported overall expenses that were greater than they had anticipated. This is particularly common in the first few years of retirement when new retirees often spend more on vacations and home improvements.

To manage this, plan for higher expenses, especially in the early years of retirement. Building a cushion for unexpected costs can prevent financial shortfalls and allow you to enjoy your retirement without constant worry about your budget.

One of the more startling revelations from the survey is the gap between workers’ expectations and retirees’ realities regarding post-retirement work and pension income. While 75% of workers expect to continue working for pay during retirement, only 30% actually do. Similarly, many workers expect to receive traditional pension benefits, but the reality is that fewer people have access to such plans, particularly younger workers.

This discrepancy highlights the need to plan conservatively for your retirement income. Assume that you might not be able to work as much as you’d like or that your pension benefits might be lower than expected. By setting realistic expectations for your retirement income, you can avoid financial shortfalls.

By integrating these insights into your retirement planning, you can create a more resilient and flexible financial strategy. 

Don’t forget to leave a rating for the “Retirement Revealed” podcast if you’ve been enjoying these episodes!

Subscribe to Retirement Revealed to get new episodes every Wednesday.

Apple Podcasts: https://podcasts.apple.com/us/podcast/retirement-revealed/id1488769337

Spotify Podcasts: https://bit.ly/RetirementRevealedSpotify 

Additional Links:

Connect With Jeremy Keil:

===

Disclosures

Videos/Podcasts/Blogs (media) published prior to June 30, 2025, were recorded and approved while the advisor was affiliated with Thrivent Advisor Network. These media reflect the advisor’s views and interpretations at that time. The information and disclosures contained in those media were believed to be accurate and complete as of the date of recording, but may not reflect current market conditions or Alongside, LLC, policies.

All content is provided for educational purposes only and does not constitute personalized investment advice. Read below for current disclosures and potential conflicts of interest.

This media is provided for informational and educational purposes only and does not consider the investment objectives, financial situation, or particular needs of any consumer. Nothing in this program should be construed as investment, legal, or tax advice, nor as a recommendation to buy, sell, or hold any security or to adopt any investment strategy.

The views and opinions expressed are those of the host and any guest, current as of the date of recording, and may change without notice as market, political or economic conditions evolve. All investments involve risk, including the possible loss of principal. Past Performance is no guarantee of future results.

Legal & Tax Disclosure

Consumers should consult their own qualified attorney, CPA, or other professional advisor regarding their specific legal and tax situations.

Advisor Disclosures

Alongside, LLC, doing business as Keil Financial Partners, is an SEC-registered investment adviser. Registration does not imply a certain level of skill or expertise. Advisory services are delivered through the Alongside, LLC platform. Keil Financial Partners is independent, not owned or operated by Alongside, LLC.

Additional information about Alongside, LLC – including its services, fees and any material conflicts of interest – can be found at https://adviserinfo.sec.gov/firm/summary/333587 or by requesting Form ADV Part 2A.

The content of this media should not be reproduced or redistributed without the firm’s written consent. Any trademarks or service marks mentioned belong to their respective owners and are used for identification purposes only.

For important disclosures visit: https://keilfp.com/disclosures/

===

Identifying the common health savings account mistakes, identifying key strategies to maximize your HSA and exploring some of the practical ways to utilize your HSA over your lifetime.

If you’re like many people, you might not be getting the most out of your HSA. Let’s explore why that might be and how you can change it.

Firstly, let’s clarify how much you can contribute to your HSA. The contribution limits for 2024 are $4,150 for individual coverage and $8,300 for family coverage. However, many people aren’t maximizing these contributions. Why? One common misconception is that you can only contribute through payroll deductions. While this is the most common method, you are able to contribute outside of your payroll deductions all the way up to the max. This could significantly enhance your retirement savings due to the triple tax advantage HSAs offer.

Another mistake is treating your HSA like a Flexible Spending Account (FSA). Unlike FSAs, HSAs don’t have a “use it or lose it” rule. Funds in an HSA roll over year after year and can be invested, allowing your money to grow tax-free over time. This means you can contribute the maximum amount to your HSA and not worry about spending it within the same year.

A significant error many people make is not investing their HSA funds. If you’re only earning a meager 0.5% interest on your HSA balance, you’re missing out on potential growth. In fact, I recently helped a client move their HSA to a provider offering a 5% interest rate, resulting in an additional $6,000 in interest annually. This change alone can make a substantial difference in your retirement funds.

HSAs are often referred to as “medical IRAs” because they offer similar benefits but with added advantages. Contributions are tax-deductible, growth is tax-deferred, and withdrawals for qualified medical expenses are tax-free. This makes HSAs incredibly valuable for covering future healthcare costs, which are a significant concern for many retirees.

You can also use HSA funds for certain insurance premiums, such as long-term care insurance, COBRA, and Medicare Part B. This flexibility adds another layer of security for your retirement years.

Instead of viewing your HSA as a passive asset, you can get more out of it by taking a more strategic approach:

If you find yourself with excess HSA funds later in life, there are several options. Once you reach 65, withdrawals for non-medical expenses are treated like distributions from a traditional IRA, subject to income tax but no penalties. If you pass away, your spouse can inherit your HSA and continue to use it for qualified medical expenses. For other beneficiaries, the HSA balance becomes taxable income. Consider leaving excess HSA funds to charity, which can provide a tax-efficient legacy.

Maximizing your HSA can significantly bolster your retirement savings and provide a buffer against future medical expenses. To get the most out of your HSA, ensure you’re fully funding it, investing wisely, and using it strategically.

For more detailed guidance, check out my YouTube channel, Mr. Retirement, where I delve into the top HSA mistakes and strategies, and rank the best HSA providers based on interest rates and fees.

Don’t forget to leave a rating for the “Retirement Revealed” podcast if you’ve been enjoying these episodes!

Subscribe to Retirement Revealed to get new episodes every Wednesday.

Apple Podcasts: https://podcasts.apple.com/us/podcast/retirement-revealed/id1488769337

Spotify Podcasts: https://bit.ly/RetirementRevealedSpotify 

Additional Links:

Connect With Jeremy Keil:

===

Disclosures

Videos/Podcasts/Blogs (media) published prior to June 30, 2025, were recorded and approved while the advisor was affiliated with Thrivent Advisor Network. These media reflect the advisor’s views and interpretations at that time. The information and disclosures contained in those media were believed to be accurate and complete as of the date of recording, but may not reflect current market conditions or Alongside, LLC, policies.

All content is provided for educational purposes only and does not constitute personalized investment advice. Read below for current disclosures and potential conflicts of interest.

This media is provided for informational and educational purposes only and does not consider the investment objectives, financial situation, or particular needs of any consumer. Nothing in this program should be construed as investment, legal, or tax advice, nor as a recommendation to buy, sell, or hold any security or to adopt any investment strategy.

The views and opinions expressed are those of the host and any guest, current as of the date of recording, and may change without notice as market, political or economic conditions evolve. All investments involve risk, including the possible loss of principal. Past Performance is no guarantee of future results.

Legal & Tax Disclosure

Consumers should consult their own qualified attorney, CPA, or other professional advisor regarding their specific legal and tax situations.

Advisor Disclosures

Alongside, LLC, doing business as Keil Financial Partners, is an SEC-registered investment adviser. Registration does not imply a certain level of skill or expertise. Advisory services are delivered through the Alongside, LLC platform. Keil Financial Partners is independent, not owned or operated by Alongside, LLC.

Additional information about Alongside, LLC – including its services, fees and any material conflicts of interest – can be found at https://adviserinfo.sec.gov/firm/summary/333587 or by requesting Form ADV Part 2A.

The content of this media should not be reproduced or redistributed without the firm’s written consent. Any trademarks or service marks mentioned belong to their respective owners and are used for identification purposes only.

For important disclosures visit: https://keilfp.com/disclosures/

===

Home ownership is the goal of many retirees, but with the current landscape of interest rates, home prices and longevity predictions, the choice between renting or buying a home in retirement requires a closer look at the data.

Today, I’m delving into a topic that many retirees grapple with: whether to rent or buy a house in retirement. Additionally, we’ll discuss how to demonstrate enough income to secure a mortgage or get accepted into a rental apartment.

A common issue for retirees is proving sufficient income for renting or borrowing, especially when their Social Security is modest, or they haven’t started taking it yet. People often think that having substantial savings should be enough to qualify. However, banks and landlords typically focus on regular income rather than assets. Here’s a strategy to navigate this:

By implementing these strategies well before you start house hunting or apartment searching, you can position yourself more favorably with lenders and landlords.

When deciding whether to buy or rent, it’s crucial to address the emotional factors first. Personal experiences and emotions significantly influence this decision. Whether it’s a sense of security from owning a home or the freedom from maintenance responsibilities with renting, acknowledge how these feelings impact your choice.

To make an informed decision, follow these five steps:

Let’s examine a real-life scenario. A retiree receives $3,200 monthly from Social Security and a pension, with $400,000 in a traditional IRA. Currently renting a condo for $1,600 per month, they are considering buying a similar condo for $275,000 to avoid potential rent increases.

Emotional Considerations:

Financial Analysis:

Market Conditions:

Property Valuation:

Deciding whether to rent or buy in retirement involves both emotional and financial considerations. By following the outlined steps, you can make a well-informed decision that aligns with your financial situation and lifestyle preferences. Remember, it’s essential to consult with your financial advisor and possibly engage a real estate professional to guide you through this process.

Don’t forget to leave a rating for the “Retirement Revealed” podcast if you’ve been enjoying these episodes!

Subscribe to Retirement Revealed to get new episodes every Wednesday.

Apple Podcasts: https://podcasts.apple.com/us/podcast/retirement-revealed/id1488769337

Spotify Podcasts: https://bit.ly/RetirementRevealedSpotify 

Additional Links:

Connect With Jeremy Keil:

===

Disclosures

Videos/Podcasts/Blogs (media) published prior to June 30, 2025, were recorded and approved while the advisor was affiliated with Thrivent Advisor Network. These media reflect the advisor’s views and interpretations at that time. The information and disclosures contained in those media were believed to be accurate and complete as of the date of recording, but may not reflect current market conditions or Alongside, LLC, policies.

All content is provided for educational purposes only and does not constitute personalized investment advice. Read below for current disclosures and potential conflicts of interest.

This media is provided for informational and educational purposes only and does not consider the investment objectives, financial situation, or particular needs of any consumer. Nothing in this program should be construed as investment, legal, or tax advice, nor as a recommendation to buy, sell, or hold any security or to adopt any investment strategy.

The views and opinions expressed are those of the host and any guest, current as of the date of recording, and may change without notice as market, political or economic conditions evolve. All investments involve risk, including the possible loss of principal. Past Performance is no guarantee of future results.

Legal & Tax Disclosure

Consumers should consult their own qualified attorney, CPA, or other professional advisor regarding their specific legal and tax situations.

Advisor Disclosures

Alongside, LLC, doing business as Keil Financial Partners, is an SEC-registered investment adviser. Registration does not imply a certain level of skill or expertise. Advisory services are delivered through the Alongside, LLC platform. Keil Financial Partners is independent, not owned or operated by Alongside, LLC.

Additional information about Alongside, LLC – including its services, fees and any material conflicts of interest – can be found at https://adviserinfo.sec.gov/firm/summary/333587 or by requesting Form ADV Part 2A.

The content of this media should not be reproduced or redistributed without the firm’s written consent. Any trademarks or service marks mentioned belong to their respective owners and are used for identification purposes only.

For important disclosures visit: https://keilfp.com/disclosures/

===

Navigating the risks to retirement, maintaining security and transforming your spending strategy from a “save-only” mindset in order to enjoy your retirement.

Today, we’re tackling a question that might surprise many: Are you spending too little in retirement?

Recently, I came across an intriguing article in Barron’s titled “These Retirees Have a Good Problem. They Aren’t Spending Enough.” This piece piqued my interest, and I dove deeper into the study it was based on, conducted by New York Life. For those who might not have access to Barron’s, I’ve linked the study and a similar article available for free from Insurance NewsNet.

The crux of the matter is this: Many retirees have diligently saved throughout their working lives, yet when it comes time to enjoy the fruits of their labor, they hesitate. Economists studying retirement behavior have two major questions:

One significant factor behind this conservative spending is uncertainty about future expenses, particularly healthcare. The study highlighted that only 16% of retirees withdraw regularly from their portfolios, while a staggering 30% don’t touch their savings at all. This cautious approach often stems from a fear of depleting resources prematurely, particularly in the face of potential health issues.

Bill Perkins’ book, “Die With Zero,” offers a compelling perspective on retirement spending. Perkins argues that money represents your life’s effort and energy. If you don’t spend it, you effectively waste those parts of your life. While I don’t fully endorse the notion that unspent money equates to wasted life, it’s essential to remember why you saved in the first place: to enjoy your retirement.

I’ve seen this firsthand with clients. One couple, for instance, would call me around the 25th of each month, asking for small withdrawals to cover their expenses, despite having ample savings. They felt guilty and stressed about depleting their funds. After some discussion, I convinced them to set up a systematic monthly withdrawal, which significantly reduced their anxiety and guilt.

Receiving a consistent monthly payout can be incredibly reassuring. Think about it: during your working years, you received a regular paycheck, which provided financial stability. Replicating this in retirement can alleviate the stress of wondering if you can afford your monthly expenses. It allows you to enjoy your retirement without the constant worry of watching your account balance dwindle.

A quote from the Barron’s article resonates with many retirees: “Getting used to this new pattern of spending… I kind of need permission.” After decades of saving, shifting to a spending mindset feels strange. Saving money felt like a win, so spending it might feel like a loss. However, with proper planning, you can give yourself permission to enjoy the money you’ve saved.

Another significant concern for retirees is the potential cost of long-term care. This worry often leads to under-spending. However, insurance can mitigate these risks. The Employee Benefit Research Institute found that retirees with long-term care insurance spend more annually compared to those without. This insurance provides peace of mind, allowing retirees to spend more freely, knowing they’re covered for potential future expenses.

Effective retirement planning involves more than just accumulating savings. It’s about creating a strategy that allows you to enjoy your retirement years without fear. This often includes:

The study from New York Life and insights from Bill Perkins both encourage a similar sentiment: you’ve worked hard and saved diligently–now, it’s time to enjoy your retirement with confidence. Don’t let the fear of the unknown prevent you from living your best life.

If you’re looking for more ways to optimize your retirement income, minimize taxes, and avoid common mistakes, visit our website at KeilFP.com. And remember, knowing more about your money leads to feeling better about your money and making better financial decisions.

Don’t forget to leave a rating for the “Retirement Revealed” podcast if you’ve been enjoying these episodes!

Subscribe to Retirement Revealed to get new episodes every Wednesday.

Apple Podcasts: https://podcasts.apple.com/us/podcast/retirement-revealed/id1488769337

Spotify Podcasts: https://bit.ly/RetirementRevealedSpotify 

Additional Links:

Connect With Jeremy Keil:

===

Disclosures

Videos/Podcasts/Blogs (media) published prior to June 30, 2025, were recorded and approved while the advisor was affiliated with Thrivent Advisor Network. These media reflect the advisor’s views and interpretations at that time. The information and disclosures contained in those media were believed to be accurate and complete as of the date of recording, but may not reflect current market conditions or Alongside, LLC, policies.

All content is provided for educational purposes only and does not constitute personalized investment advice. Read below for current disclosures and potential conflicts of interest.

This media is provided for informational and educational purposes only and does not consider the investment objectives, financial situation, or particular needs of any consumer. Nothing in this program should be construed as investment, legal, or tax advice, nor as a recommendation to buy, sell, or hold any security or to adopt any investment strategy.

The views and opinions expressed are those of the host and any guest, current as of the date of recording, and may change without notice as market, political or economic conditions evolve. All investments involve risk, including the possible loss of principal. Past Performance is no guarantee of future results.

Legal & Tax Disclosure

Consumers should consult their own qualified attorney, CPA, or other professional advisor regarding their specific legal and tax situations.

Advisor Disclosures

Alongside, LLC, doing business as Keil Financial Partners, is an SEC-registered investment adviser. Registration does not imply a certain level of skill or expertise. Advisory services are delivered through the Alongside, LLC platform. Keil Financial Partners is independent, not owned or operated by Alongside, LLC.

Additional information about Alongside, LLC – including its services, fees and any material conflicts of interest – can be found at https://adviserinfo.sec.gov/firm/summary/333587 or by requesting Form ADV Part 2A.

The content of this media should not be reproduced or redistributed without the firm’s written consent. Any trademarks or service marks mentioned belong to their respective owners and are used for identification purposes only.

For important disclosures visit: https://keilfp.com/disclosures/

===

Financial freedom can be within reach if you utilize accurate forecasting, sound investing principles and the correct lens on your retirement years.

Many view retirement as a finish line, marking the end of a journey. My “Retirement Revealed” guest for this week’s episode, Eric Brotman, challenges that perspective and reframes it into another common tradition: graduation.

Eric founded BFG Financial Advisors in 2003 with the goal of helping busy, successful professionals and families plan for lifelong prosperity. His latest book, “Don’t Retire…Graduate!” takes a deeper look at what it takes to build a path to financial freedom and retirement at any age.

I appreciated Eric’s way of framing retirement as a step forward, not a retreat. He emphasizes seeing retirement as an opportunity for advancement into a new stage of life, advocating for financial independence over the necessity of work.

We delve into global interpretations of retirement, where Eric points out how language and cultural perspectives can shape our views. He shares insights from different cultures that redefine retirement, suggesting a broader, more positive outlook. I also found it interesting that our experience working with retirees equally suggested that people tend to focus more on the financial aspect of retirement before they retire, but once they do retire, it becomes less of a focus than they anticipated.

Eric reveals his ‘three secrets of the happiest retirees’: living debt-free, maintaining health, and finding a new purpose in life. These pillars, according to Eric, support a satisfying and vibrant retired life.

I always enjoy when someone can translate the principles of retirement planning into a format that resonates with a near-retiree in a way that other traditional terms might not. Eric’s insights offer a refreshing perspective on retirement. It’s not just about financial planning, but about redefining our later years as a time of growth and enjoyment. His book, ‘Don’t Retire, Graduate,’ provides a roadmap for those looking to make the most of their retirement years.

Don’t forget to leave a rating for the “Retirement Revealed” podcast if you’ve been enjoying these episodes!

Subscribe to Retirement Revealed to get new episodes every Wednesday.

Apple Podcasts: https://podcasts.apple.com/us/podcast/retirement-revealed/id1488769337

Spotify Podcasts: https://bit.ly/RetirementRevealedSpotify 

Additional Links:

Connect With Jeremy Keil:

===

Disclosures

Videos/Podcasts/Blogs (media) published prior to June 30, 2025, were recorded and approved while the advisor was affiliated with Thrivent Advisor Network. These media reflect the advisor’s views and interpretations at that time. The information and disclosures contained in those media were believed to be accurate and complete as of the date of recording, but may not reflect current market conditions or Alongside, LLC, policies.

All content is provided for educational purposes only and does not constitute personalized investment advice. Read below for current disclosures and potential conflicts of interest.

This media is provided for informational and educational purposes only and does not consider the investment objectives, financial situation, or particular needs of any consumer. Nothing in this program should be construed as investment, legal, or tax advice, nor as a recommendation to buy, sell, or hold any security or to adopt any investment strategy.

The views and opinions expressed are those of the host and any guest, current as of the date of recording, and may change without notice as market, political or economic conditions evolve. All investments involve risk, including the possible loss of principal. Past Performance is no guarantee of future results.

Legal & Tax Disclosure

Consumers should consult their own qualified attorney, CPA, or other professional advisor regarding their specific legal and tax situations.

Advisor Disclosures

Alongside, LLC, doing business as Keil Financial Partners, is an SEC-registered investment adviser. Registration does not imply a certain level of skill or expertise. Advisory services are delivered through the Alongside, LLC platform. Keil Financial Partners is independent, not owned or operated by Alongside, LLC.

Additional information about Alongside, LLC – including its services, fees and any material conflicts of interest – can be found at https://adviserinfo.sec.gov/firm/summary/333587 or by requesting Form ADV Part 2A.

The content of this media should not be reproduced or redistributed without the firm’s written consent. Any trademarks or service marks mentioned belong to their respective owners and are used for identification purposes only.

For important disclosures visit: https://keilfp.com/disclosures/

===

Addressing many of the biggest retirement risks as defined by the Society of Actuaries and exploring the steps you can take to build a secure future.

In one of my most recent episodes, my guest mentioned a report by the Society of Actuaries titled “Managing Post-retirement Risk: Strategies for Secure Retirement.” After I read the 36 page report, I decided to break down the risks they identify and provide some suggestions based on my experience as a financial planner after working with hundreds of retirees.

The report categorizes the risks into three groups: economic risks, personal planning considerations, and unexpected and unpredictable events. 

It is important to maintain a proactive approach to managing retirement risks–using insurance as a tool can also help mitigate potential financial challenges. Instead of settling on the first strategy you come across, you might find one that is better suited to your unique situation if you put in the time to explore different retirement strategies and options.

Year after year, retirees who take a comprehensive approach to retirement planning that takes into consideration factors such as inflation, interest rates, longevity, health care needs, and tax changes say they feel more confident with their retirement. And who needs more stress in retirement?

Don’t forget to leave a rating for the “Retirement Revealed” podcast if you’ve been enjoying these episodes!

Subscribe to Retirement Revealed to get new episodes every Wednesday.

Apple Podcasts: https://podcasts.apple.com/us/podcast/retirement-revealed/id1488769337

Spotify Podcasts: https://bit.ly/RetirementRevealedSpotify 

Additional Links:

Connect With Jeremy Keil:

===

Disclosures

Videos/Podcasts/Blogs (media) published prior to June 30, 2025, were recorded and approved while the advisor was affiliated with Thrivent Advisor Network. These media reflect the advisor’s views and interpretations at that time. The information and disclosures contained in those media were believed to be accurate and complete as of the date of recording, but may not reflect current market conditions or Alongside, LLC, policies.

All content is provided for educational purposes only and does not constitute personalized investment advice. Read below for current disclosures and potential conflicts of interest.

This media is provided for informational and educational purposes only and does not consider the investment objectives, financial situation, or particular needs of any consumer. Nothing in this program should be construed as investment, legal, or tax advice, nor as a recommendation to buy, sell, or hold any security or to adopt any investment strategy.

The views and opinions expressed are those of the host and any guest, current as of the date of recording, and may change without notice as market, political or economic conditions evolve. All investments involve risk, including the possible loss of principal. Past Performance is no guarantee of future results.

Legal & Tax Disclosure

Consumers should consult their own qualified attorney, CPA, or other professional advisor regarding their specific legal and tax situations.

Advisor Disclosures

Alongside, LLC, doing business as Keil Financial Partners, is an SEC-registered investment adviser. Registration does not imply a certain level of skill or expertise. Advisory services are delivered through the Alongside, LLC platform. Keil Financial Partners is independent, not owned or operated by Alongside, LLC.

Additional information about Alongside, LLC – including its services, fees and any material conflicts of interest – can be found at https://adviserinfo.sec.gov/firm/summary/333587 or by requesting Form ADV Part 2A.

The content of this media should not be reproduced or redistributed without the firm’s written consent. Any trademarks or service marks mentioned belong to their respective owners and are used for identification purposes only.

For important disclosures visit: https://keilfp.com/disclosures/

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Examining key takeaways and trends uncovered in the Allspring Global Investments Retirement Survey results with Nate Miles, Allspring head of Global Client Strategy.

I’m always looking for more data on retirement and Social Security, so when I came across the Allspring Global Investments Retirement Survey and had a chance to speak with Nate Miles from Allspring, I jumped at the opportunity. 

Nate Miles is head of Global Client Strategy at Allspring Global Investments. The Allspring Global Investments Retirement Survey focuses on near-retirees (aged 55 and older with more than $200,000 in investable assets and still working) and retirees (with the same asset threshold but no longer working). The survey examines the perceptions and knowledge levels of individuals and advisors, as well as the changes identified and made within the retirement landscape.

Key Insights from the Survey:

Insights on Retirees’ Attitudes:

Recommendations for Retirement Planning:

The results of the survey reinforce some of the beliefs I have developed over the past several years working with retirees and near-retirees, especially in terms of valuing retirement preparation and planning. Once you’ve developed a comprehensive and safety-first retirement plan, I find time and again that people are able to enjoy their retirement more with the confidence that they’ve got a plan they can trust.

Don’t forget to leave a rating for the “Retirement Revealed” podcast if you’ve been enjoying these episodes!

Subscribe to Retirement Revealed to get new episodes every Wednesday.

Apple Podcasts: https://podcasts.apple.com/us/podcast/retirement-revealed/id1488769337

Spotify Podcasts: https://bit.ly/RetirementRevealedSpotify 

Additional Links:

Connect With Jeremy Keil:

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Disclosures

Videos/Podcasts/Blogs (media) published prior to June 30, 2025, were recorded and approved while the advisor was affiliated with Thrivent Advisor Network. These media reflect the advisor’s views and interpretations at that time. The information and disclosures contained in those media were believed to be accurate and complete as of the date of recording, but may not reflect current market conditions or Alongside, LLC, policies.

All content is provided for educational purposes only and does not constitute personalized investment advice. Read below for current disclosures and potential conflicts of interest.

This media is provided for informational and educational purposes only and does not consider the investment objectives, financial situation, or particular needs of any consumer. Nothing in this program should be construed as investment, legal, or tax advice, nor as a recommendation to buy, sell, or hold any security or to adopt any investment strategy.

The views and opinions expressed are those of the host and any guest, current as of the date of recording, and may change without notice as market, political or economic conditions evolve. All investments involve risk, including the possible loss of principal. Past Performance is no guarantee of future results.

Legal & Tax Disclosure

Consumers should consult their own qualified attorney, CPA, or other professional advisor regarding their specific legal and tax situations.

Advisor Disclosures

Alongside, LLC, doing business as Keil Financial Partners, is an SEC-registered investment adviser. Registration does not imply a certain level of skill or expertise. Advisory services are delivered through the Alongside, LLC platform. Keil Financial Partners is independent, not owned or operated by Alongside, LLC.

Additional information about Alongside, LLC – including its services, fees and any material conflicts of interest – can be found at https://adviserinfo.sec.gov/firm/summary/333587 or by requesting Form ADV Part 2A.

The content of this media should not be reproduced or redistributed without the firm’s written consent. Any trademarks or service marks mentioned belong to their respective owners and are used for identification purposes only.

For important disclosures visit: https://keilfp.com/disclosures/

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Identifying the right start dates for Social Security depending on your unique situation, when your Social Security benefit will send you your first check based on your birthday, and IRMAA cost strategies.

Every month I take an episode of “Retirement Revealed” to answer listener questions about retirement, Social Security and real life financial scenarios that I think other listeners could benefit from exploring. This month, we dive into a topic I recently produced a video on–which I’ll provide a link to below)–a clarifying question about Social Security income related to Medicare and a closer look at income-related monthly adjustment amount (IRMAA).

0:45 – Social Security Scenario: I turned 67 in January. My wife will be 62 in October. She does not have Social Security on her own. We both expect to live to 82. When should we each start?

The optimal timing for claiming Social Security benefits takes into account individual life expectancies rather than relying solely on averages. I recommend people use a service like www.longevityillustrator.org to find your own personalized life expectancy estimate. Another important thing to keep in mind is the strategy that can come into play for couples with an age gap. You may be able to maximize your survivor benefit by delaying one of your benefits. 

5:08 – SS + Medicare Question: I will claim Social Security when I turn 70 on Dec. 22. Will I receive my first check in December or January? Will my Medicare come out of that?

Social Security benefits are typically paid the month after your birth month. You have to have lived through your Social Security month in order to collect your first check. Medicare operates similarly–and yes, it is taken out of your Social Security. If you’re taking Medicare but you aren’t yet on Social Security, you’ll have to set up a different way to pay for Medicare. One way that works for many people is using “Medicare Easypay” and have your payment automatically deducted from your savings or checking account.

9:09 – Income-Related Monthly Adjustment Amount (IRMAA): We have to pay extra for Medicare this year. Is it every year? How is it calculated and can I avoid that?

When dealing with IRMAA, it’s important to proactively plan your income to minimize costs. IRMAA income thresholds are calculated based on your income 2 years prior, and if your income is higher than the threshold, you pay more for your Medicare coverage. Knowing this  threshold is $120,000 in income for a single person and $206,000 for a married couple allows you to plan ahead with how you structure your income and avoid paying that extra amount for Medicare on an annual basis.

If you’ve got questions you’d like to have answered in a future episode of “Retirement Revealed” be sure to fill out the information on the yellow box to the right of this post.

Don’t forget to leave a rating for the “Retirement Revealed” podcast if you’ve been enjoying these episodes!

Subscribe to Retirement Revealed to get new episodes every Wednesday.

Apple Podcasts: https://podcasts.apple.com/us/podcast/retirement-revealed/id1488769337

Spotify Podcasts: https://bit.ly/RetirementRevealedSpotify 

Additional Links:

Connect With Jeremy Keil:

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Disclosures

Videos/Podcasts/Blogs (media) published prior to June 30, 2025, were recorded and approved while the advisor was affiliated with Thrivent Advisor Network. These media reflect the advisor’s views and interpretations at that time. The information and disclosures contained in those media were believed to be accurate and complete as of the date of recording, but may not reflect current market conditions or Alongside, LLC, policies.

All content is provided for educational purposes only and does not constitute personalized investment advice. Read below for current disclosures and potential conflicts of interest.

This media is provided for informational and educational purposes only and does not consider the investment objectives, financial situation, or particular needs of any consumer. Nothing in this program should be construed as investment, legal, or tax advice, nor as a recommendation to buy, sell, or hold any security or to adopt any investment strategy.

The views and opinions expressed are those of the host and any guest, current as of the date of recording, and may change without notice as market, political or economic conditions evolve. All investments involve risk, including the possible loss of principal. Past Performance is no guarantee of future results.

Legal & Tax Disclosure

Consumers should consult their own qualified attorney, CPA, or other professional advisor regarding their specific legal and tax situations.

Advisor Disclosures

Alongside, LLC, doing business as Keil Financial Partners, is an SEC-registered investment adviser. Registration does not imply a certain level of skill or expertise. Advisory services are delivered through the Alongside, LLC platform. Keil Financial Partners is independent, not owned or operated by Alongside, LLC.

Additional information about Alongside, LLC – including its services, fees and any material conflicts of interest – can be found at https://adviserinfo.sec.gov/firm/summary/333587 or by requesting Form ADV Part 2A.

The content of this media should not be reproduced or redistributed without the firm’s written consent. Any trademarks or service marks mentioned belong to their respective owners and are used for identification purposes only.

For important disclosures visit: https://keilfp.com/disclosures/

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Author and journalist Marni Jameson shares her expertise in rightsizing as you enter retirement in order to maximize your life satisfaction and remove the clutter that can get in the way of it.

I ran across the book “Downsizing the Family Home” and I thought it was an excellent read, so when I had the chance to connect with its author, Marni Jameson, I jumped at the opportunity.

Marni is a syndicated journalist and renowned author of 7 books and a wonderful source of knowledge around how to handle estate planning and home management before you have to hand them off to your beneficiaries.

Marni’s journey began with the emotional process of downsizing her parents’ home, a task that proved to be both challenging and enlightening. Through this experience, she discovered the importance of respecting cherished belongings while also letting go of unnecessary clutter. Her subsequent books, including “Rightsize Today to Create Your Best Life Tomorrow,” delve deeper into this transformative process, urging readers to rethink their relationship with their possessions.

One of the key takeaways from our conversation was the concept of “rightsizing” rather than simply “downsizing.” Marni emphasized the importance of finding the perfect fit for your lifestyle, both physically and emotionally. Whether it’s moving to a smaller home, renovating your current space, or simply decluttering, the goal is to create a living environment that supports your well-being and future aspirations.

As we discussed the challenges of letting go of sentimental belongings and overcoming the fear of change, Marni reminded us that our possessions should enhance our lives, not weigh us down, and that the journey to rightsizing is ultimately a gift to ourselves and our loved ones.

Whether you’re approaching retirement or simply seeking a more fulfilling lifestyle, her insights will inspire you to declutter your home, declutter your mind, and embrace the freedom of rightsizing. You can find Marni’s books in the links below this post. 

Don’t forget to leave a rating for the “Retirement Revealed” podcast if you’ve been enjoying these episodes!

Subscribe to Retirement Revealed to get new episodes every Wednesday.

Apple Podcasts: https://podcasts.apple.com/us/podcast/retirement-revealed/id1488769337

Spotify Podcasts: https://bit.ly/RetirementRevealedSpotify 

Additional Links:

Connect With Jeremy Keil:

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Disclosures

Videos/Podcasts/Blogs (media) published prior to June 30, 2025, were recorded and approved while the advisor was affiliated with Thrivent Advisor Network. These media reflect the advisor’s views and interpretations at that time. The information and disclosures contained in those media were believed to be accurate and complete as of the date of recording, but may not reflect current market conditions or Alongside, LLC, policies.

All content is provided for educational purposes only and does not constitute personalized investment advice. Read below for current disclosures and potential conflicts of interest.

This media is provided for informational and educational purposes only and does not consider the investment objectives, financial situation, or particular needs of any consumer. Nothing in this program should be construed as investment, legal, or tax advice, nor as a recommendation to buy, sell, or hold any security or to adopt any investment strategy.

The views and opinions expressed are those of the host and any guest, current as of the date of recording, and may change without notice as market, political or economic conditions evolve. All investments involve risk, including the possible loss of principal. Past Performance is no guarantee of future results.

Legal & Tax Disclosure

Consumers should consult their own qualified attorney, CPA, or other professional advisor regarding their specific legal and tax situations.

Advisor Disclosures

Alongside, LLC, doing business as Keil Financial Partners, is an SEC-registered investment adviser. Registration does not imply a certain level of skill or expertise. Advisory services are delivered through the Alongside, LLC platform. Keil Financial Partners is independent, not owned or operated by Alongside, LLC.

Additional information about Alongside, LLC – including its services, fees and any material conflicts of interest – can be found at https://adviserinfo.sec.gov/firm/summary/333587 or by requesting Form ADV Part 2A.

The content of this media should not be reproduced or redistributed without the firm’s written consent. Any trademarks or service marks mentioned belong to their respective owners and are used for identification purposes only.

For important disclosures visit: https://keilfp.com/disclosures/

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