Retire With Ryan

Tax season is here, and if you're just now gathering your documents to file your return—or preparing them for your CPA—this is the time to slow down and make sure you're not making costly mistakes. In this episode, I walk through seven tax mistakes I frequently see both tax preparers and self-filers make when filing their returns. Some of these errors seem simple on the surface, but they can lead to penalties, missed deductions, delayed refunds, or paying more taxes than necessary. My goal in this episode is to help you avoid these pitfalls so you can file confidently and keep more of your money where it belongs.

You will want to hear this episode if you are interested in…

• [00:00] Why tax season mistakes are more common than you might think

• [01:00] The costly consequences of filing after the tax deadline

• [02:30] Why double-checking basic personal information matters more than you think

• [03:30] The hidden risk of missing 1099 forms in the digital age

• [04:15] How a rollover mistake can accidentally create taxable income

• [05:00] The surprisingly common issue of unsigned tax returns

• [05:30] Why simple math errors can lead to penalties or unexpected refunds

• [06:30] When free tax preparation help may—or may not—be a good option

The Most Common Tax Filing Errors

Many tax mistakes don't happen because people are careless. They happen because people rush, assume something was already handled, or simply overlook a small detail that turns into a big issue later. One of the most common problems I see is filing past the tax deadline. Each year millions of taxpayers fail to file by the April deadline, which can trigger penalties and interest if taxes are owed. Even if you're due a refund, filing late can delay getting your money back.

Another major issue is incomplete or incorrect information on the return. Something as simple as entering the wrong bank account for a direct deposit or forgetting to include a tax document can delay processing or create unnecessary headaches. And in today's digital world, many tax forms are delivered electronically, which means it's easier than ever to overlook a 1099 if you forget about an account.

Missing Deductions and Overlooking Opportunities

Beyond basic filing errors, many taxpayers lose money by missing deductions or not understanding new tax rules. Starting with the 2025 tax return, several changes introduced under the "One Big Beautiful Bill Act" create additional tax breaks. These include adjustments to the standard deduction, expanded deductions for certain taxpayers, and other potential opportunities many filers may not even realize exist.

I also discuss why deciding between the standard deduction and itemizing can significantly affect how much tax you owe. In recent years, higher standard deductions meant fewer people itemized their taxes. But changes to the state and local tax deduction cap may reopen the door for some taxpayers to itemize again, especially homeowners with mortgages or individuals paying higher state and local taxes.

Understanding what qualifies as an itemized deduction—from mortgage interest to medical expenses and charitable contributions—can make a meaningful difference in your tax outcome.

Retirement Contributions and Quarterly Tax Pitfalls

Two other mistakes I see regularly involve retirement and tax planning details that often get overlooked. Some taxpayers make IRA or Health Savings Account contributions but forget to report them properly on their return. That mistake can cause them to miss legitimate deductions that could reduce their taxable income.

Another issue is failing to pay quarterly estimated taxes. This commonly affects self-employed individuals, business owners, and retirees who receive income without automatic tax withholding. Without proper withholding or estimated payments, taxpayers may face penalties—even if they eventually pay the full amount owed.

The good news is that many tax mistakes can be corrected. If you discover an issue after filing, an amended return can often resolve the problem. But catching these issues before filing is always the best strategy.

Resources Mentioned

• Fidelity HSA

• RetireWithRyan.com/podcast/296

Connect With Ryan

• Subscribe to the Retire With Ryan YouTube Channel

• Download my entire book for FREE

If you watched President Trump's recent State of the Union address, you probably heard about the new Trump accounts, also known as 530A accounts. In this episode, I break down how these tax-advantaged investment accounts are designed to work, who qualifies, and—just as importantly, what we still don't know. There's been a lot of excitement, especially around the $1,000 seed money for eligible children. But before you rush to open one, there are several unanswered questions that deserve your attention.

What Are Trump Accounts—and Who Qualifies?

Trump accounts were introduced under the 2025 "Big Beautiful Bill Act" and are designed to help U.S. children build long-term wealth. Parents, grandparents, and others can contribute up to $5,000 per year per child until age 18. To jumpstart participation, children born between January 1, 2025, and December 31, 2028, are eligible for a $1,000 federal seed contribution.

Unlike a Roth IRA, these accounts do not require earned income to contribute. That's a major difference. Most children can't fund retirement accounts because they don't have income. These accounts are meant to give them a head start from birth.

To qualify, a child must be a U.S. citizen, have a valid Social Security number, and be under age 18. Parents can apply either by filing IRS Form 4547 with their 2025 tax return or by visiting trumpaccounts.gov.

You'll Want to Hear This Episode If You're Interested In…

• [01:00] How the $5,000 annual contribution limit works

• [01:45] Why these accounts don't require earned income

• [02:35] How to open an account through your tax return or online

• [03:00] The upcoming authentication process in May 2026

• [03:40] Whether you can invest in individual stocks like Nvidia or Tesla

• [04:30] Why Treasury guidance suggests broad index funds instead

• [05:10] Whether billions in seed money could move the stock market

• [06:00] Which financial institutions may (or may not) offer these accounts

• [07:45] Potential gift tax filing requirements for contributions

• [08:45] How withdrawals at age 18 might be taxed

The Investment Confusion and Market Impact

One of the biggest points of confusion right now is how the funds will actually be invested. The Trump accounts website shows mockups featuring individual stocks like Nvidia, Caterpillar, Home Depot, and Tesla. That certainly grabs attention. But Treasury guidance suggests investments may be limited to broad U.S. equity index funds or mutual funds, not individual stocks.

If that holds true, I actually think that may benefit most investors. Broad-based index funds have historically outperformed many individual stock pickers over time. But it's important to understand what you're signing up for before you contribute.

Another question I address is whether these accounts could meaningfully impact the stock market. With over 3 million sign-ups already, the initial $1,000 seed funding could total more than $3 billion. Add in private contributions and potential employer matches, and that number could grow to $7–8 billion invested when markets reopen after July 4.

That sounds significant, but compared to total daily trading volume, it's less than 2%. It may provide a small positive impact, but it's unlikely to cause a dramatic market surge.

Taxes, Custodians, and the Big Unknown at Age 18

There are still major tax questions. Because contributions are considered gifts and the child doesn't have immediate access to the funds, this could create gift tax reporting complications. Even if contributions fall under the $19,000 annual exclusion (for 2026), a gift tax return may still be required due to the lack of "present interest."

Then there's the big question: how will withdrawals be taxed at age 18? There's no upfront deduction for contributions, which means this isn't structured like a traditional IRA. But it's also not clearly a Roth. My expectation is that only the gains will be taxed, but we don't yet know whether that will be ordinary income or capital gains.

Until we get final guidance, I strongly believe record-keeping will be critical. Track contributions carefully. If custodians change or records are lost, your child could face unnecessary tax complications later.

For now, here's what we do know: if your child, or a grandchild, niece, or nephew, qualifies for the $1,000 seed money, make sure the account gets opened. Even with unanswered questions, that initial funding is meaningful.

Resources Mentioned

• TrumpAccounts.gov

• RetireWithRyan.com

• Retirement Readiness on Demand Discount Code: RETIRE99

Connect With Ryan

• Subscribe to the Retire With Ryan YouTube Channel
• Download my entire book for FREE

If you have children and you've been thinking, "Why wait until I'm gone to help them financially?"—this episode is for you. In Episode 294, I walk through the biggest things to consider before making gifts to your kids while you're still alive, and I break down some of the smartest ways to do it without triggering unnecessary taxes.

I'm seeing this trend more and more with my clients, and it makes sense. Financial markets have performed well, real estate has surged, and many retirees are in a stronger position than generations before them. But just because you can gift money doesn't mean you automatically should. There are several financial and family dynamics you need to think through first.

The First Question I Ask: Can You Truly Afford It?

Before you gift a dime to your children, I want you to look at your own financial foundation. I work with clients in their late 50s all the way into their 80s, and one of the most important realities is this: your retirement plan has to work first.

You may have raised your kids, supported them, paid for education, and helped them get launched. Ideally, they should be able to support themselves. If you're gifting because you're financially secure and you want to, that's completely fine. But if the gift creates risk for your long-term success, it's not worth it.

I also want you to think about long-term care. Many people don't have long-term care insurance because it's expensive, or they had it and dropped it when premiums increased. That means they're planning to self-insure. If you give away too many assets now, what does that do to your ability to fund care later?

You'll Want to Hear This Episode If You're Interested In…

• [02:12] The #1 financial checkpoint before gifting anything

• [03:18] Long-term care planning, and why gifting can backfire

• [04:02] Common gifting goals: housing, school, debt, lifestyle support

• [05:12] Why business funding gifts require extra caution

• [06:26] The "fairness problem" when you have more than one child

• [07:22] How gifts can unintentionally destroy motivation and independence

• [08:10] The 2026 gift tax limits ($19,000 per person, $38,000 per couple)

• [09:04] The lifetime exemption, and why Congress can change the rules

• [10:28] The hidden danger of gifting appreciated assets

• [11:07] Step-up in basis vs. gifting while alive

• [12:05] Medicare premium impacts and capital gains planning

• [13:14] The tax-efficient order of assets to gift

• [15:22] Gifting real estate, and the cost basis trap

• [17:12] The 2-out-of-5-year home sale exclusion rule

• [18:05] The five-year Medicaid lookback and trust planning considerations

What's the Gift Actually For—and Is It One-Time or Ongoing?

One of the most important planning steps is clarifying why you're giving the money.

The most common reason I see right now is housing. Real estate prices have climbed dramatically, and higher interest rates make monthly payments tougher. Helping a child with a down payment can make homeownership realistic.

Other common reasons include paying for schooling, helping pay off student loans or credit card debt, or supporting a child during illness or unemployment. Some parents also want to help grandchildren with camps, daycare, or private school.

I also talk about gifting money for a business startup—but this is where I urge caution. Businesses fail all the time. If you're going to do it, I believe a business plan and a real strategy matter.

Taxes, Cost Basis, and the Biggest Mistake People Make

Many people assume gifting is simple. It isn't.

In 2026, you can gift $19,000 per person per year without triggering reporting. Married couples can gift $38,000 per child annually. Above that, you may need to file a gift tax return, and the excess counts toward your lifetime exemption.

Right now, that lifetime exemption is around $15 million, but I've been a financial advisor since 2001 and I've seen it change dramatically. When I started, it was only $600,000. Congress can change the rules again.

And here's the big one: if you gift appreciated assets while alive, your child inherits your cost basis. If they sell, they may owe a large capital gains tax. But if they inherit through death, they get a step-up in basis. That one detail can mean tens of thousands of dollars in taxes.

Resources Mentioned

• RetireWithRyan.com

• Retirement Readiness on Demand Discount Code: RETIRE99

Connect With Ryan

• Subscribe to the Retire With Ryan YouTube Channel Download my entire book for FREE

If you're approaching age 65, Medicare can feel overwhelming fast. Between Parts A, B, C, and D and the timing rules tied to each—it's easy to make a costly mistake if you don't understand how the pieces fit together.

In this episode, I walk through the Medicare "alphabet," explaining what each part does, when enrollment matters most, and how your decisions interact with the rest of your retirement plan. We also cover common questions that come up when clients transition from employer-sponsored coverage to Medicare for the first time.

Whether retirement is right around the corner or still a few years away, this episode is designed to help you avoid penalties, coverage gaps, and surprises down the road.

You will want to hear this episode if you are interested in...

[00:00] Understanding Medicare Parts A, B, C, and D [01:00] When you can delay Medicare without penalties [02:30] How late enrollment penalties actually work [06:00] Timing Medicare enrollment to avoid coverage gaps [07:30] What Medicare does—and does not—cover [10:00] Medicare Advantage vs. supplemental coverage [14:00] How state rules can affect your long-term options

Why Medicare Timing Matters

Medicare isn't just about what coverage you choose it's also about when you enroll. Missing key enrollment windows can trigger penalties that last for life, even if the mistake was unintentional. In this episode, I explain the rules around initial enrollment, special enrollment periods, and why employer coverage plays such a critical role in determining your options.

Choosing Between Medicare Advantage and Supplemental Coverage

Once you enroll in Parts A and B, you still need to decide how to fill the gaps. Medicare Advantage plans and Medigap policies take very different approaches to coverage, costs, and flexibility. I outline how these options compare, what tradeoffs to be aware of, and why the "best" choice depends heavily on your health, preferences, and where you live.

Building Medicare Into Your Retirement Plan

Medicare decisions don't exist in a vacuum. Premiums, out-of-pocket costs, and coverage choices all affect cash flow in retirement. In this episode, I explain how to think about Medicare as part of a larger retirement strategy, not just a healthcare decision—so your plan stays aligned as you transition out of the workforce.

Resources Mentioned

RetireWithRyan.com Medicare.gov

Connect With Ryan

Subscribe to the Retire With Ryan YouTube Channel Download my entire book for FREE

The landscape of Social Security is changing yet again. As we enter 2026, six big changes will impact both current and future retirees. I break down everything from the new cost of living adjustment (COLA), increases in the earnings test limit, and updated eligibility requirements, all the way to shifts in the full retirement age and the solvency projections for the Social Security Trust Fund.

You'll also hear practical tips on maximizing your Social Security benefits, how to prepare for what's ahead, and why it's more important than ever to have a solid retirement plan in place.

You will want to hear this episode if you are interested in...

• [00:00] Social Security updates in 2026.
• [04:23] Social Security Cost of Living Adjustment (COLA).
• [09:00] Social Security earnings and credits.
• [13:41] Social Security benefits timing.
• [15:31] Social Security cuts looming in 2033.

Key Social Security Changes in 2026

On the show, you'll hear an overview of these changes, helping you to prepare and adjust your financial plans accordingly. From increased earning limits to the solvency of the trust fund, here's what you need to know.

1. Cost-of-Living Adjustment (COLA): A Modest Boost

One of the most anticipated changes each year, the Social Security cost-of-living adjustment (COLA), has been set at 2.8% for 2026—slightly higher than last year's 2.5%. This increase is designed to help benefits keep pace with inflation and is calculated automatically based on the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) (as explained by Ryan Morrissey ). For retirees, this means an average monthly benefit increase of around $56 for singles and $88 for married couples.

However, COLA's impact can be offset by hikes in Medicare Part B premiums, which have risen to $201.96 for 2026. This nearly $18 increase represents a 9.6% jump—higher than the COLA percentage—reminding retirees to monitor both Social Security and Medicare in tandem for accurate budgeting.

2. Earnings Test Limits: Collecting While Working

If you want to claim Social Security before reaching your full retirement age and continue working, new earnings test limits apply. For those aged 62 until they reach full retirement age, the annual earnings limit is now $24,480, with benefits reduced by $1 for every $2 earned above this threshold.

If you're in the year you hit full retirement age, the limit jumps to $65,160. Exceeding this means your benefit will be reduced by $1 for every $3 extra earned. Importantly, once you reach the month of your full retirement age, these limits disappear, and you can collect benefits without reductions regardless of income.

3. Earning Credits for Eligibility

To qualify for Social Security, you must earn at least 40 credits over your working lifetime. For 2026, you'll receive one credit for each $1,890 earned per quarter—a slight increase over last year's $1,810. Most individuals accumulate the required credits after about 10 years of work.

Earning more than 40 credits doesn't increase your benefit, but working longer and earning more can boost your payout through the average indexed monthly earnings calculation.

4. Social Security Wage Base Increase

Social Security taxes apply to income up to a set wage base, which in 2026 rises to $184,500. Both employees and employers pay 6.2% up to this limit, which has increased by $7,500 over the last year. If you're self-employed, you cover both portions (12.4%).

There's no cap on what you pay into Medicare, with a rate of 1.45%, and an additional 0.9% for higher earners. These thresholds have not been adjusted for inflation, making planning essential for those with larger salaries.

5. Full Retirement Age: Incremental Shift

The gradual increase in full retirement age culminates in 2026. Those born in 1959 can claim full benefits at age 66 and 10 months, while anyone born in 1960 or later sees their full retirement age rise to 67. This change marks the final step in modifications enacted by the 1983 Social Security Act.

After age 67, there are no planned increases—unless Congress takes further action.

6. Social Security Trust Fund: Solvency Concerns

The long-term outlook for the Social Security Trust Fund remains a concern. Per the latest trustee report, benefits could be cut by 23% in 2033 if Congress does not act. Recent laws have expanded eligibility but also reduced system inflows, raising questions about solvency. For now, we don't need to panic; proactive planning and staying informed are key.

Regularly review your Social Security status and plan contributions, and consider how these changes affect your overall financial strategy.

Resources Mentioned

• Retirement Readiness Review
• Subscribe to the Retire with Ryan YouTube Channel
• Download my entire book for FREE

Connect With Morrissey Wealth Management

www.MorrisseyWealthManagement.com/contact

Subscribe to Retire With Ryan

Have you ever fallen victim to a RAT attack? No, not the furry kind, a Remote Access Trojan attack.

I'm discussing how cybercriminals use social engineering to target victims, and the real-world impact these threats can have on your investment accounts and personal information. I reveal the latest tactics scammers use, and, most importantly, offer practical tips to help you recognize warning signs, safeguard your accounts, and minimize your risk, whether you're an individual managing your retirement nest egg or a business owner overseeing company assets.

You will want to hear this episode if you are interested in...

• [00:00] What is a RAT attack?
• [02:45] Avoid clicking unknown links.
• [06:28] Preventing fraud through active monitoring.
• [09:44] Enhancing network security strategies.
• [10:48] Tips for staying secure online.

The Escalating Threat of RAT Attacks

There are an estimated 2,200 cyberattacks every day, or one every 39 seconds. Global financial damages from cybercrime are projected to rise from $9.5 trillion (2024) to an estimated $10.5 trillion in 2025. It's no longer a matter of if, but when, the next attack will happen.

How a RAT Attack Unfolds

Most RAT attacks begin with "social engineering", that is, psychological manipulation designed to get you to act against your best interest. This can look like an email or text from what appears to be a trusted company (think Schwab, Amazon, or EZ Pass), urging you to click a link or download an attachment.

Do not click these links or download unknown files, even if the message creates a sense of urgency or familiarity. Even a simple PDF can be the Trojan horse that installs malware without you noticing.

Once delivered, the RAT malware quietly installs itself, evading your detection. It can come bundled with software downloads, or even through "drive-by" downloads, just visiting a compromised website can infect your device without any clicking at all.

More Than Just a Headache

Recently, cybercriminals hacked a client's phone and attempted to transfer money from their investment account. Because my team actively monitors accounts and receives real-time alerts from Schwab, we caught the fraudulent activity before funds were lost. But not everyone is so lucky, if hackers compromise your credentials and accounts aren't closely watched, money could be transferred out, leaving you to face a lengthy investigation to recover your hard-earned savings.

Simple Habits for Preventing Attacks

Most successful attacks don't involve sophisticated hacking, they leverage human error. Train yourself (and if you're a business owner, your staff) to recognize phishing emails and suspicious texts. Verify unexpected requests directly with the company, never through the provided links.

Lock Down Access

Implement "least privilege" access, using strong, unique passwords and two-factor authentication for every account. For investment platforms and email, enable notifications for any account activity, so you're alerted instantly to suspicious changes.

Secure remote connections with a Virtual Private Network (VPN) and avoid unsecured public Wi-Fi. If you must work remotely, use your cell phone's secure hotspot rather than free Wi-Fi at a coffee shop. And never log on to bank or brokerage accounts on shared or public networks.

Monitor and Layer Security

Constant vigilance is your shield. Regularly monitor account activity and set up a system of alerts. Layer your security by combining access controls, firewalls, and regular updates. Always verify new contacts or software installations, adopt a "zero trust" mindset: trust, but always verify.

Stay One Step Ahead

No single solution can prevent all RAT attacks, but a combination of awareness, good digital habits, and layered security makes a world of difference. Being informed is your best defense. Activate two-factor authentication, review your notifications and account alerts, and approach every digital interaction with a healthy dose of skepticism.

Resources Mentioned

• Retirement Readiness Review
• Subscribe to the Retire with Ryan YouTube Channel
• Download my entire book for FREE

Connect With Morrissey Wealth Management

www.MorrisseyWealthManagement.com/contact

Subscribe to Retire With Ryan

A listener recently wrote in with a common and important retirement planning question: If I'm already maxing out my 401(k), can I also contribute to a traditional IRA in the same year? The short answer is yes—but whether it makes sense, and how much benefit you receive, depends on your income, tax situation, and long-term goals.

In this episode, I break down how traditional IRA contributions work alongside employer-sponsored retirement plans, when those contributions are deductible, and what options are available if your income is too high for a deduction. We also explore alternative strategies, including Roth IRA contributions and backdoor Roth conversions, so you can decide how best to use your annual IRA "coupon."

This episode is especially helpful if you're trying to balance tax savings today with tax flexibility in retirement and want to avoid common mistakes that can complicate your plan later.

You will want to hear this episode if you are interested in...

[00:00] Whether you can contribute to a 401(k) and IRA in the same tax year [01:55] The tax-deferral benefits of contributing to a traditional IRA [03:55] When a traditional IRA contribution is tax deductible [05:00] Income limits that affect IRA deductions [07:00] Using non-deductible IRA contributions correctly [10:00] Roth IRA contribution limits and income phaseouts [11:45] How a backdoor Roth IRA strategy works [13:30] Choosing the right IRA strategy for your situation

Why a Traditional IRA Can Still Make Sense

Even if you are already maxing out your 401(k), contributing to a traditional IRA can provide additional tax advantages. The primary benefit is tax deferral. Dividends, interest, and capital gains generated inside an IRA are not taxed in the year they occur. Instead, taxes are deferred until you withdraw the money, potentially years or even decades later.

This can be especially powerful if you do not need the money right away. With required minimum distributions now starting at age 73—and increasing to age 75 for those born in 1960 or later—many investors have a long runway for tax-deferred growth.

When IRA Contributions Are Tax Deductible

Whether your traditional IRA contribution is deductible depends on two main factors: whether you or your spouse are covered by an employer-sponsored retirement plan, and your adjusted gross income (AGI). Coverage includes plans such as a 401(k), 403(b), 457, SIMPLE IRA, SEP IRA, or pension plan.

For 2026, married couples filing jointly can fully deduct a traditional IRA contribution if their AGI is below $129,000, with deductions phasing out completely by $149,000. For single filers, the full deduction applies below $81,000 and phases out by $91,000. If neither spouse is covered by a workplace plan, the contribution is fully deductible regardless of income.

Options If You Can't Deduct a Traditional IRA

If your income is too high to deduct a traditional IRA contribution, you still have options. One approach is making a non-deductible IRA contribution. While this does not provide a tax deduction upfront, your investments can still grow tax deferred. However, this strategy requires careful recordkeeping to properly track taxable and non-taxable portions when withdrawals begin.

Another option is contributing to a Roth IRA, if your income falls within Roth contribution limits. Roth IRAs offer tax-free growth and tax-free withdrawals, making them attractive for long-term planning. For those whose income exceeds Roth limits, a backdoor Roth IRA may be an option, provided there are no other pre-tax IRA balances that would trigger pro-rata taxation.

Resources Mentioned

• Retirement Readiness Review
• Subscribe to the Retire with Ryan YouTube Channel
• Download my entire book for FREE

Connect With Morrissey Wealth Management

www.MorrisseyWealthManagement.com/contact

Subscribe to Retire With Ryan

Last week, we covered the best investments to preserve your money, but this week we are shifting gears to focus on growth. For retirees, the goal is to have an income that outpaces inflation, and historically, the best way to achieve that is by having 50% to 70% of your portfolio invested in stock funds.

In this episode, I break down five specific Exchange Traded Funds (ETFs) that can help you grow your wealth in 2026. I discuss why I prefer ETFs over mutual funds, specifically focusing on cost, transparency, and liquidity, and provide the exact ticker symbols and expense ratios for the funds I use with my own clients to build diversified, growth-oriented portfolios.

If you are willing to accept some volatility to achieve higher long-term returns, this episode provides a blueprint for structuring the equity side of your retirement plan.

You will want to hear this episode if you are interested in...

• [00:00] Top 5 Growth ETFs to Own For 2026.
• [02:55] Why ETFs are superior to mutual funds.
• [05:23] The core holding: S&P 500 ETF.
• [09:28] Capturing extra growth with SPYG.
• [06:33] Small Cap stocks and the profitability factor.
• [13:38] Investing in the Developed World ex-US.
• [15:43] High growth potential in Emerging Markets.

Why Choose ETFs?

Before diving into specific funds, it is important to understand why Exchange Traded Funds (ETFs) are often a better choice than traditional mutual funds. I prefer them for four main reasons:

• Cost: ETFs often have significantly lower expense ratios, some less than a tenth of a percent, compared to actively managed funds that can charge up to 2%.
• Performance: Many active funds struggle to outperform their benchmarks over time.
• Transparency: You can see exactly what an ETF holds, whereas mutual funds may only report holdings twice a year.
• Liquidity: You can trade ETFs throughout the day while the market is open, rather than waiting for the market close price required by mutual funds.

The US Core: S&P 500 and Growth Variations

For the core of a growth portfolio, I look to the S&P 500, which has averaged a 15% return over the last five years.

• State Street SPDR Portfolio S&P 500 ETF (SPYM/SPSM): This fund tracks the S&P 500 but was created to offer a lower cost (0.02% expense ratio) compared to the original SPY ETF. It is a massive fund with over $100 billion in assets, heavily weighted toward large technology companies like Nvidia, Apple, and Microsoft.
• S&P 500 Growth ETF (SPYG): If you want to lean more aggressively into growth, this fund tracks S&P 500 companies with high sales growth and momentum. It has a 3-year average return of 29% and a very low expense ratio of 0.04%.

Diversifying with Small Caps

While the S&P 500 is dominant, it has had "lost decades" in the past where returns were negative. To diversify, I recommend the S&P 600 Small Cap ETF.

• Unlike the Russell 2000, the S&P 600 index requires companies to be profitable, which filters out lower-quality stocks.
• Although it has lagged recently, small caps may be poised for a comeback due to economic shifts and tariffs. The expense ratio for this fund is just 0.03%.

International Opportunities

The US has outperformed international markets recently, but that trend could reverse.

• Developed World ex-US (SPDW): This fund invests in developed economies like Japan, the UK, and Canada. It offers exposure to major global players like Samsung and AstraZeneca with a low expense ratio of 0.03%.
• Emerging Markets (SPEM): For higher potential growth, this fund targets countries with rapidly growing GDPs, such as China, Taiwan, and India. These economies have a growing middle class, which can drive corporate earnings. The fund holds major companies like Taiwan Semiconductor and Alibaba.

Resources Mentioned

• Retirement Readiness Review
• Subscribe to the Retire with Ryan YouTube Channel
• Download my entire book for FREE

Connect With Morrissey Wealth Management

www.MorrisseyWealthManagement.com/contact

Subscribe to Retire With Ryan

This episode is your introduction to the world of conservative investing, so it's perfect for you if you're looking to preserve your principal and grow your money at a steady pace. I'm walking you through seven standout investment choices for 2026, ranging from high-yield online money market accounts to short-term bond funds, CDs, and Treasury bonds.

We'll discuss how to shop around for the best rates, the importance of keeping up with inflation in retirement, and the benefits and limitations of each strategy. There's something here for anyone who wants their money to work a little harder without taking on unnecessary risk.

You will want to hear this episode if you are interested in...

• 00:00 Retirement Income to beat inflation.
• 03:27 Using online banks and credit unions for high-yield savings.
• 04:53 Automatic and manual selection of money market funds.
• 08:23 How yield and volatility differ from money market funds with short-term bond funds.
• 11:24 Brokered CDs vs. traditional CDs.
• 13:39 U.S. Treasuries as highly secure investment using treasury bonds.
• 15:11 Using a fixed annuity to invest your money.
• 17:06 How U.S. Treasury Inflation Bonds (I Bonds) work.

Seven Smart Conservative Investment Options for Growing and Preserving Your Wealth

Retirement planning and conservative investing go hand in hand, particularly for those looking to preserve their hard-earned principal and ensure steady, reliable growth..

1. High-Yield Online Money Market Accounts

Keeping cash in traditional savings accounts often means missing out on higher returns so it's a great start to explore online banks that offer high-yield savings and money market accounts. Although these accounts lack physical branches and operate electronically, the tradeoff is often higher interest rates.

2. Brokerage Money Market Funds

Money market funds present another secure route to saving for retirement. With Vanguard and Fidelity, your idle cash is generally swept automatically into high-yield funds, whereas Schwab offers more choices, but you may need to manually select a higher-yielding money market fund. Current yields are around 3.6% to 3.7%, but rates fluctuate weekly with market conditions. Importantly, these investments are designed to keep the value per share at $1, minimizing risk to your principal.

3. Short-Term Bond Funds

If you're comfortable with a bit more fluctuation, short-term bond funds can offer higher yields than money market funds. While prices may move slightly, the key is to assess yield versus volatility and select a fund aligned with your risk tolerance. Total bond market or aggregate bond funds, such as the State Street Aggregate Bond ETF (SPAB), can yield more (sometimes above 4%), but carry higher risk and potential for loss, as evidenced by losses in years of rapidly rising interest rates.

4. Short-Term Certificates of Deposit (CDs)

CDs are an old-fashioned but reliable solution. By locking in your money for a set period (often one to three years), you benefit from higher fixed rates, currently 4% for one-year CDs and slightly lower for longer terms. Watch out, though, if interest rates fall, having a longer-term CD can be advantageous, but shopping around means opening multiple accounts, which can become hard to track.

5. U.S. Treasury Bonds

Tied to government backing, short-term U.S. Treasury bonds are among the safest choices. They typically yield around 3.5% to 3.6% for terms of one to three years. Besides security, their interest is exempt from state income tax, which can be a perk for residents of high-tax states.

6. Fixed Annuities

For those who want higher yields and are willing to sacrifice some liquidity, fixed annuities offer insurance-backed, multi-year fixed interest rates, sometimes higher than CDs or Treasuries. Current rates above 4% for investments starting at $100,000, though smaller minimums (such as $5,000 at Fidelity) provide slightly lower yields. The main drawback is reduced access to your principal.

7. U.S. Treasury Inflation Bonds

Inflation Bonds combine a fixed interest rate with added payments tied to inflation. Currently, they yield over 4%, but are capped at $10,000 per person annually. You must hold them for at least five years to avoid penalties, and taxes on the interest can be deferred. If inflation surges, these are especially attractive.

Take Action to Grow

Whether you're approaching retirement or simply cautious, these seven strategies equip you to earn more on your savings while keeping risk in check. Consider putting excess bank cash to work in one or more of these vehicles for better long-term outcomes. Remember, conservative investing isn't about standing still, it's about moving forward deliberately and securely.

Resources Mentioned

• Retirement Readiness Review
• Subscribe to the Retire with Ryan YouTube Channel
• Download my entire book for FREE
• Fidelity
• Charles Schwab
• Vanguard
• Bankrate.com
• Nerdwallet
• Schwab Value Advantage Money Market
• VMFXX
• JP Morgan Ultra Short Term Income ETF
• State Street SPDR Aggregate Bond ETF
• TreasuryDirect

Connect With Morrissey Wealth Management

www.MorrisseyWealthManagement.com/contact

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In this episode, I'm helping you kick off 2026 by reflecting on financial habits that pave the way for a successful retirement. As we set our goals for the year ahead, I share the four key traits I've observed in successful retirees, drawn from years of experience working with people from all walks of life. You'll hear practical advice on how to work hard and invest consistently, the importance of living within your means, and ways to avoid common investment pitfalls that can derail your progress.

Whether you're just starting your retirement planning or fine-tuning your financial strategy, this episode is full of actionable tips to help you improve your financial life in 2026. If you're ready to take charge of your future and put a solid plan in place, this episode is a must-listen.

You will want to hear this episode if you are interested in...

• 00:00 Retirement success traits revealed.
• 05:29 Budgeting for financial growth.
• 07:49 Invest simply and consistently.
• 10:36 Improve and grow net worth.
• 13:38 Keep an eye on your net worth.

Four Habits of Highly Successful Retirees

There's no magic bullet to achieving a comfortable retirement. Many successful retirees weren't born into wealth; in fact, about 80% of millionaires started with little and built their nest eggs from scratch. The through-line is diligence and perseverance.

A powerful habit among this group is paying themselves first. Rather than saving what's left at the end of the month, successful retirees set aside a portion of their income before budgeting for other expenses. Many automate investments into employer-sponsored retirement accounts or other savings vehicles. This intentionality ensures that the priority remains on building wealth, not just sustaining a lifestyle.

Budgeting plays an essential role here. I recommend reviewing your annual spending, categorizing transactions, and identifying excesses. Small changes can help you free up cash for investments and debt reduction. If you struggle with credit card overspending, consider switching to cash or debit cards, which make it easier to visualize your available funds and stay disciplined.

There's also a growing temptation to "keep up with the Joneses," especially when social media showcases other people's amazing vacations! Appearances can be deceiving, you never know whether your neighbours are deeply in debt despite flashy photos. The key is to focus on your own financial journey, not someone else's highlight reel.

Keep Your Investments Simple

Despite the barrage of complex investment themes and "get rich quick" schemes circulating online, the most effective investors stick to the basics. Avoid speculative strategies like day trading, option contracts, and penny stocks for the bulk of your portfolio. These approaches can lead to significant losses, or even financial ruin.

Successful retirees typically lean on a diversified, straightforward mix of investments: blue-chip stocks, index funds, bonds, and some real estate. A simple, repeatable investment plan not only reduces stress but also reduces the chance of costly errors. If an investment sounds complicated or "too good to be true," it likely isn't the right tool for you.

Track Your Net Worth, Every Year

A great habit to get into is consistently tracking your net worth. For example, every year, I take inventory and value all of my assets, subtract any liabilities, and calculate my own net worth. This exercise isn't just about patting myself on the back, it's an important annual check-in on financial progress which helps me course-correct if I'm getting off track.

If you discover stagnant or shrinking net worth, it's a signal to look at spending, debt, or investment choices. For those carrying high-interest debt (over 6–7%), prioritizing repayment can yield safer and higher "returns" than most investments. Even in retirement, monitoring net worth is vital. Spending down savings is natural, but keeping an eye on the pace ensures your money lasts as long as you need it to.

Take Action Today

Successful retirees don't wait for luck or windfalls, they put in the work, invest with discipline, stay clear of fads, and track their progress. Start by reviewing your own budget and net worth, and set realistic, meaningful goals for the year ahead. Your future self will thank you.

Resources Mentioned

• Retirement Readiness Review
• Subscribe to the Retire with Ryan YouTube Channel
• Download my entire book for FREE
• Budget Worksheet
• Net Worth Spreadsheet

Connect With Morrissey Wealth Management

www.MorrisseyWealthManagement.com/contact

Subscribe to Retire With Ryan