Medicare is a daunting program to understand for most retirees. In this episode we break down the different components and additional coverage options in layman’s terms. Having a good understanding of the different options and various costs components can provide you with more confidence in your healthcare plan during retirement.

More specifically, I discuss:

• What is Medicare, and what are the main components
• What does Medicare pay for?
• What types of additional coverage are available? What are the costs?
• The difference between Medicare Advantage Plans (Part C) and Medicare Supplement Plans (Medigap), and some of the pros and cons of each.
• What factors should you consider when making coverage decisions?

Get Show Notes and Resources Here https://retiredishpodcast.com/9

The greatest threat to your life savings is lurking in the shadows ready to strike when you least expect it. This threat presents itself when going from saving to spending your retirement nest-egg - which is nerve wracking for a new retiree. This phase of your financial journey is far more complicated than simply putting money away year-in and year-out and is susceptible to major threats such as sequence of returns risk.

More specifically, I discuss:

• What is the greatest threat to your retirement savings?
• Examples of sequence of returns risk in the savings phase of your life
• Examples of sequence of returns risk in the spending phase of your life
• The difference between monitoring account balances vs. average investment returns
• What types of strategies can you implement to aim to reduce sequence of returns risk

For the links and extras mentioned in the episode, please visit the show notes page at https://RetiredishPodcast.com/8

Retired-ish Newsletter Sign-Up Get Show Notes Here

There are many nuanced factors to consider when creating a retirement investment portfolio. In this episode I go over some of the more important foundational building blocks, and how to begin the process of creating a retirement portfolio for you.

More specifically, I discuss:

• Identifying a specific purpose for your different accounts, based on your financial plan
• Factoring in personal preferences when determining your portfolio allocation
• The goal of diversification
• Types of asset allocation
• Asset location and practical use cases

For the links and extras mentioned in the episode, please visit the show notes page at retiredishpodcast.com/7

• Retired-ish Newsletter Sign-Up
• Roth 5-Year Rules

Financial markets are scary… and we humans make decisions largely based on our current emotions. Mixing those two things together, and you get a toxic concoction.

Investing should be based upon us acting on our own rational and intellectual thoughts, but it hardly ever is… So rather than staring at markets and making emotional decisions, what can we actually do to better the outcomes of our financial situations?

More specifically, I discuss:

• How to “check yourself” when markets are volatile and declining
• What investments you probably shouldn’t have
• Using bad markets to get rid of tax inefficient investments
• Recency bias
• Buy out the government’s share of your retirement account at a lower cost
• How to take less risk going forward in order to pursue your retirement income goals
• Buy low, sell high

For the links and extras mentioned in the episode, please visit the show notes page at retiredishpodcast.com/6

Taking the proper steps early to prepare yourself for one of life’s biggest transitions can alleviate much unwanted stress and…save you money.

In this episode I continue the conversation on taxes and how they can be paid in retirement, what to do with your retirement accounts when you retire, and some tips to help you make healthcare decisions around retirement.

More specifically, I discuss:

• Estimated tax payments and withholdings in retirement
• How to make estimated tax payments in retirement
• Retirement plan rollovers, cashing out, and direct rollovers from 401(k) plans to IRAs and Roth IRAs along with some pros and cons of doing so
• The greatest risk to your retirement nest egg: “Sequence of Returns Risk”
• The healthcare marketplace, COBRA, and Medicare
• Accumulated vacation/sick pay and year-end bonuses from your employer

For the links and extras mentioned in the episode, please visit the show notes page at retiredishpodcast.com/5

• Podcast: Preparing for Retirement Pt. 1
• Retired-ish Newsletter Sign-Up
• Roth 5-Year Rules
• How to Make Estimated Payments Online
• Do I Need to Make Estimated Payments Flowchart - 2022
• Blog: “Sequence of Returns: The Greatest Risk to Your Retirement Savings”
• Will Healthcare change as I transition into retirement? - 2022
• If I retire early, should I buy health insurance through the health insurance marketplace?
• Social Security withholding form – W-4V

Cameron Valadez and Planable Wealth are not affiliated with or endorsed by the U.S. Social Security Administration or any government agency. The Social Security Administration provides free Social Security forms, publications and assistance.

Taking the proper steps early to prepare yourself for one of life’s biggest transitions can alleviate much unwanted stress and…save you money.

The first step in preparing for retirement is determining if you are actually ready. In this episode I go over what you can do to determine your retirement readiness along with a host of other important financial planning considerations.

More specifically, I discuss:

• “Practicing” retirement
• The importance of an emergency fund specifically for retirees, and how to structure it
• Cash savings ideas to implement tax savings strategies while in retirement
• Various types of retirement income, and how to structure them to meet your needs
• Understanding YOUR tax situation in retirement, and how taxes affect your income sources

In part 2 of the Preparing for Retirement series we will continue the discussion with:

• Tax withholding on retirement income sources
• What to do with retirement accounts
• Healthcare in retirement and Medicare
• Managing expenses in retirement and tips to reduce them
• The timing implications of your retirement from the workforce and last minute considerations

For the links and extras mentioned in the episode, please visit the show notes page at https://retiredishpodcast.com/4

• Retired-ish Newsletter Sign-Up: https://lp.constantcontactpages.com/su/VjiTbE7/retiredish
• Checklist - What Issues Should I consider Before I Retire 2022: https://www.planablewealth.com/wp-content/uploads/2022/01/What-Issues-Should-I-Consider-Before-I-Retire-2022.pdf
• 5 Advantages of a Roth IRA: https://www.planablewealth.com/blog/retirement/5-advantages-roth-ira
• Roth 5-Year Rules: https://www.planablewealth.com/blog/retirement/roth-ira-and-roth-401k-5-year-rules

Let’s go over two little known Social Security strategies and the long-term implications of each.

In this episode, I discuss why Social Security is paying out lump sum payments to retirees and the pitfalls of taking the payment, as well as a strategy to tap into benefits early and rebuild them later.

I also review tax and estate planning issues that may be caused as a result of implementing these strategies, and where they can make sense to take advantage of.

For the links and extras mentioned in the episode, please visit the show notes page at https://retiredishpodcast.com/3

Retired-ish Newsletter Sign-Up: https://lp.constantcontactpages.com/su/VjiTbE7/retiredish

Find your Full Retirement Age: https://www.ssa.gov/benefits/retirement/planner/ageincrease.html

Retroactive Benefits: https://secure.ssa.gov/poms.nsf/lnx/0501130600

Social Security Payment Withholding Form W4-V: https://www.ssa.gov/benefits/retirement/planner/taxwithold.html

Episode #2: How to use tax gain AND loss harvesting to your advantage. If done appropriately, tax gain/loss harvesting can help you reduce taxes, thereby keeping more money in your pocket which can help you increase your net worth! More specifically, I discuss: Tax loss harvesting with examples Tax GAIN harvesting with examples Capital gains and losses When it’s a good idea to implement this tool Common pitfalls to avoid when tax harvesting is implemented What is a capital loss carry-forward and how to use it

For the links and extras mentioned in the episode, please visit the show notes page at https://retiredishpodcast.com/2

How Capital Gains Tax Works https://www.planablewealth.com/blog/tax-planning/how-capital-gains-tax-works

2022 Important Numbers https://www.planablewealth.com/wp-content/uploads/2021/11/2022-Important-Numbers.pdf

Episode #1: Don’t add the IRS to your list of beneficiaries! Here are 5 of my favorite tax and estate planning tips when it comes to retirement accounts including IRAs and employer plans!

You’ll also learn:

• What your Required Beginning Date or RBD is, and why it is so important
• What is a Required Minimum Distribution or RMD, and how it affects your financial planning

My goal for these retirement tips is to help you preserve more of the wealth you worked so hard for.

My top 5 favorite retirement account tips are:

1. Retirement accounts pass by contract or operation of law, not your will.
2. When inheriting an IRA as a spouse, make sure to title it properly pursuant to your goals!
3. If the original retirement account owner passed their Required Beginning Date (RBD) and did not take an RMD in the year of their death, the beneficiary(ies) needs to take it!
4. If you and your spouse both have large retirement account balances, consider what I call a “spousal skip strategy” for your beneficiary designations.
5. Understand the Required Minimum Distribution Rules with Roth 401(k)s vs Roth IRAs

For the links and extras mentioned in the episode, please visit the show notes page at: https://retiredishpodcast.com/1

Guide to inheriting an IRA (https://www.planablewealth.com/blog/inheritance-planning/inheriting-an-ira-from-a-parent/)

Roth 5 Year Rule (https://www.planablewealth.com/blog/retirement/roth-ira-and-roth-401k-5-year-rules/)

RMD Needed when inheriting an IRA flowchart (https://www.planablewealth.com/wp-content/uploads/2021/11/2021_Can-I-Delay-Distributions-From-The-Traditional-IRA-I-Inherited.pdf)

Retired-ish is the retirement podcast for those exploring retirement and those currently in retirement. The retirement ideas and strategies discussed are focused around preparing for one of life's biggest transitions, and how to preserve the wealth that you have worked so hard to achieve!   This educational podcast was created to provide you with confidence in your retirement planning decisions.   Your host, Cameron Valadez, is a CERTIFIED FINANCIAL PLANNER(TM) and partner of financial planning firm for retirees, Planable Wealth.   In each episode, Cameron shares actionable ideas and strategies to help you Simplify Investing, Reduce Taxes, & Grow Your Net Worth, so you can retire on your terms!   Cameron will answer some of the top concerns of retirees including: How can I potentially pay less in taxes to the IRS? How can I better preserve my retirement nest egg and draw a sufficient income? How can I simplify my investments? How can I keep more wealth in the family?   Cameron also takes a deep dive into more complex issues retirees face regarding retirement income, estate planning, Medicare, Social Security and more!   Retirement doesn't have to be a means to an end. To be Retired-ish means to have the CONFIDENCE and FREEDOM to spend your time on what matters most, and retire on your terms! Cameron believes this can be achieved through well-designed financial planning that adapts to life's unknowns.   Find more information about Cameron or ask a question you would like answered on the podcast by visiting retiredishpodcast.com   Want more detailed retirement planning insights? Visit planablewealth.com or join our monthly Retired·ish newsletter here!