Welcome to a new week and a new theme here on the One Minute Retirement Tip! 

This week I’m talking about how to lower your tax bill in retirement. 

If you are like 101% of Americans, you would like to pay less in taxes. So this week, I’ll be sharing with you 5 tax-smart strategies to help you lower your tax bill in retirement. 

We’ll talk about how you can effectively utilize HSA and Roth accounts, as well as be smart about asset location and withdrawal strategies in retirement to keep that tax bill low. I’ll also share with you how you can be smarter about your donations by utilizing donor-advised funds, and how making donations directly from your IRA accounts in retirement could save you thousands in taxes. 

And if you have no idea what I mean by donor advised funds or asset location - that’s ok. Just be sure to listen in each day this week, where I’ll break down the what and the how of each tax-saving strategy to explain how it all works and help you decide if each of these strategies makes sense for you. 

That’s it for today. If you know someone who is close to retirement and needs to hear this week’s message, please share this podcast with them and encourage them to check it out by adding it to their flash briefing in Alexa or subscribing wherever they listen to podcasts!

Thanks for listening. My name is Ashley Micciche and this is the One Minute Retirement Tip.

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>>> Subscribe on iTunes: https://apple.co/2DI2LSP

>>> Subscribe on Amazon Alexa: https://amzn.to/2xRKrCs

>>> Check out our blog: https://truenorthretirementadvisors.com/blog/

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Tags: retirement, investing, money, finance, finances, financial planning, retirement planning, saving money, personal finance, wealth management, money tips, fee only financial advisor, financial planner, financial podcast, retirement podcast, financial independence podcast

It’s Sunday, which means...It’s recap time! 

This week, Kathleen Burns Kingsbury was here for a guest takeover of the One Minute Retirement Tip. Through her podcast “Breaking Money Silence” and several books on financial and wealth psychology, Kathleen’s mission is to empower women, couples, and families to shatter money taboos and communicate more effectively about financial matters.  

In case you didn’t catch every episode this week, here’s what Kathleen covered: 

• What Is Money Silence & Why it hurts couples
• How to Identify Your Money Talk Mindset
• Why Curiosity is essential to talking about money
• How to celebrate Better
• And lastly, Dare To Join The Breaking Money Silence® Revolution

Hopefully after listening to the One Minute Retirement Tip this week, you are better equipped with the tools to break money silence in your own relationships, so you can talk more openly about money with your spouse and loved ones. 

If you liked her tips this week and you want to hear more from Kathleen, be sure to check out her podcast called “Breaking Money Silence” wherever you listen to podcasts. 

Tomorrow, we are starting a brand new theme: how to lower your tax bill in retirement. Who doesn’t want lower taxes, right? Next week, I’ll talk about several ways that you can lower your taxes in retirement and keep more of that hard-earned nest egg from funneling straight to Uncle Sam every year!

That’s it for this week! Thanks for listening and I hope you have a blessed Sunday! 

My name is Ashley Micciche and this is the “One Minute Retirement Tip”.

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>>> Subscribe on iTunes: https://apple.co/2DI2LSP

>>> Subscribe on Amazon Alexa: https://amzn.to/2xRKrCs

>>> Check out our blog: https://truenorthretirementadvisors.com/blog/

----------

Tags: retirement, investing, money, finance, finances, financial planning, retirement planning, saving money, personal finance, wealth management, money tips, fee only financial advisor, financial planner, financial podcast, retirement podcast, financial independence podcast

This week, Kathleen Burns Kingsbury is here for a guest takeover of the One Minute Retirement Tip. Through her podcast “Breaking Money Silence” and several books on financial and wealth psychology, Kathleen’s mission is to empower women, couples, and families to shatter money taboos and communicate more effectively about financial matters.  

This week, she’s here to give you a foundation in breaking money silence so you can talk more openly about money with your spouse and loved ones. 

If you like her tips this week and you want to hear more from Kathleen, be sure to check out her podcast called “Breaking Money Silence” wherever you listen to podcasts. 

Without further ado, here is Kathleen’s daily dose of breaking money silence...

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>>> Subscribe on iTunes: https://apple.co/2DI2LSP

>>> Subscribe on Amazon Alexa: https://amzn.to/2xRKrCs

>>> Check out our blog: https://truenorthretirementadvisors.com/blog/

----------

Tags: retirement, investing, money, finance, finances, financial planning, retirement planning, saving money, personal finance, wealth management, money tips, fee only financial advisor, financial planner, financial podcast, retirement podcast, financial independence podcast

This week, Kathleen Burns Kingsbury is here for a guest takeover of the One Minute Retirement Tip. Through her podcast “Breaking Money Silence” and several books on financial and wealth psychology, Kathleen’s mission is to empower women, couples, and families to shatter money taboos and communicate more effectively about financial matters.  

This week, she’s here to give you a foundation in breaking money silence so you can talk more openly about money with your spouse and loved ones. 

If you like her tips this week and you want to hear more from Kathleen, be sure to check out her podcast called “Breaking Money Silence” wherever you listen to podcasts. 

Without further ado, here is Kathleen’s daily dose of breaking money silence...

----------

>>> Subscribe on iTune: https://apple.co/2DI2LSP

>>> Subscribe on Amazon Alexa: https://amzn.to/2xRKrCs

>>> Check out our blog: https://truenorthretirementadvisors.com/blog/

----------

Tags: retirement, investing, money, finance, finances, financial planning, retirement planning, saving money, personal finance, wealth management, money tips, fee only financial advisor, financial planner, financial podcast, retirement podcast, financial independence podcast

This week, Kathleen Burns Kingsbury is here for a guest takeover of the One Minute Retirement Tip. Through her podcast “Breaking Money Silence” and several books on financial and wealth psychology, Kathleen’s mission is to empower women, couples, and families to shatter money taboos and communicate more effectively about financial matters.  

This week, she’s here to give you a foundation in breaking money silence so you can talk more openly about money with your spouse and loved ones. 

If you like her tips this week and you want to hear more from Kathleen, be sure to check out her podcast called “Breaking Money Silence” wherever you listen to podcasts. 

Without further ado, here is Kathleen’s daily dose of breaking money silence...

----------

>>> Subscribe on iTunes: https://apple.co/2DI2LSP

>>> Subscribe on Amazon Alexa: https://amzn.to/2xRKrCs

>>> Check out our blog: https://truenorthretirementadvisors.com/blog/

----------

Tags: retirement, investing, money, finance, finances, financial planning, retirement planning, saving money, personal finance, wealth management, money tips, fee only financial advisor, financial planner, financial podcast, retirement podcast, financial independence podcast

This week, Kathleen Burns Kingsbury is here for a guest takeover of the One Minute Retirement Tip. Through her podcast “Breaking Money Silence” and several books on financial and wealth psychology, Kathleen’s mission is to empower women, couples, and families to shatter money taboos and communicate more effectively about financial matters.  

This week, she’s here to give you a foundation in breaking money silence so you can talk more openly about money with your spouse and loved ones. 

If you like her tips this week and you want to hear more from Kathleen, be sure to check out her podcast called “Breaking Money Silence” wherever you listen to podcasts. 

Without further ado, here is Kathleen’s daily dose of breaking money silence...

----------

>>> Subscribe on iTunes: https://apple.co/2DI2LSP

>>> Subscribe on Amazon Alexa: https://amzn.to/2xRKrCs

>>> Check out our blog: https://truenorthretirementadvisors.com/blog/

----------

Tags: retirement, investing, money, finance, finances, financial planning, retirement planning, saving money, personal finance, wealth management, money tips, fee only financial advisor, financial planner, financial podcast, retirement podcast, financial independence podcast

Welcome to a new week and a new theme here on the One Minute Retirement Tip! 

This week is another guest takeover of the One Minute Retirement Tip! Kathleen Burns Kingsbury from the Breaking Money Silence podcast is here to give you some tools to talk more openly about money with your spouse and loved ones. 

Sometimes it’s really hard to talk in a productive way about money, but it’s crucial to a healthy relationship with both your money and your spouse. But when you don’t talk openly about money it’s hard to have a shared vision about retirement and work together towards a common goal. 

So this week, Kathleen will be sharing with you her unique insight into breaking money silence in order for you to improve both your relationship with your spouse, if you’re married, and your relationship with money. 

Here’s a bit more on Kathleen: 

Kathleen Burns Kingsbury is a wealth psychology expert, founder of KBK Wealth Connection, and host of theBreaking Money Silence® podcast. 

She is an internationally published author and speaker. As an expert on financial psychology, Kathleen has appeared on television and written for consumer and trade publications. Her work has been featured in The New York Times, The Wall Street Journal, PBS News Hour, MoneyMagazine, TODAY Money, Forbes,and CNBC. 

Be sure to check out Kathleen’s podcast Breaking Money Silence wherever you listen to podcasts. And you can find out more about Kathleen by visiting her website: www.breakingmoneysilence.com. 

That’s it for today, but before you go...If you haven’t already left a review for the One Minute Retirement Tip, please consider leaving an honest review in Amazon or iTunes. I read them all, so feel free to leave any feedback or topic suggestions there too. 

Thanks for listening. My name is Ashley Micciche and this is the One Minute Retirement Tip.

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>>> Subscribe on iTunes: https://apple.co/2DI2LSP

>>> Subscribe on Amazon Alexa: https://amzn.to/2xRKrCs

>>> Check out our blog: https://truenorthretirementadvisors.com/blog/

----------

Tags: retirement, investing, money, finance, finances, financial planning, retirement planning, saving money, personal finance, wealth management, money tips, fee only financial advisor, financial planner, financial podcast, retirement podcast, financial independence podcast

It’s Sunday, which means...It’s recap time! This week, we discussed the national debt, inflation, and should you be worried about either or both. The short answer is probably not right now, but it is important to understand the confusing topic of inflation so you can understand how to protect yourself from higher inflation...especially if that occurs during retirement when your ability to grow your income and your net worth to keep up with the rising cost of everything is much more limited. 

Here’s what we covered in each episode this week:

• The National Debt And Why It Matters
• The Problem With High Inflation & how inflation impacts you
• Should You Worry About Inflation Right Now?
• And lastly, how To Protect Yourself From Higher Inflation

Hopefully after listening to the One Minute Retirement Tip this week, you aren’t overly concerned about inflation at the moment, but you know how to better protect yourself. 

Tomorrow, we are starting a brand new theme: It’s another guest takeover of the One Minute Retirement Tip! Kathleen Burns Kingsbury will be here to talk about breaking money silence. Her mission is to empower women, couples,and families to shatter money taboos and communicate more effectively about financial matters. And next week, she’ll sharing her expertise in money psychology to help you and your partner better communicate and have a healthier relationship with money as a couple. 

I’m excited for Kathleen to share her insight with you next week! 

In the meantime, be sure to check out my YouTube channel - True North Retirement, where I cover a wide variety of retirement planning topics - everything from should you pay off your mortgage before retirement to the hidden danger of index funds. Just search for True North Retirement on YouTube. 

That’s it for this week! Thanks for listening and I hope you have a blessed Sunday! 

My name is Ashley Micciche and this is the “One Minute Retirement Tip”.

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>>> Subscribe on iTunes: https://apple.co/2DI2LSP

>>> Subscribe on Amazon Alexa: https://amzn.to/2xRKrCs

>>> Check out our blog: https://truenorthretirementadvisors.com/blog/

----------

Tags: retirement, investing, money, finance, finances, financial planning, retirement planning, saving money, personal finance, wealth management, money tips, fee only financial advisor, financial planner, financial podcast, retirement podcast, financial independence podcast

This week I’m talking about inflation - are we in for higher inflation in the coming years? And if so, what does that mean for you and your retirement? 

Yesterday, I talked about whether or not you should worry about higher inflation. And my best answer is probably not right now. But that doesn’t mean that you shouldn’t understand how to protect yourself against higher inflation. 

I think higher inflation, even problematic inflation is a real possibility due to our skyrocketing national debt and the lack of discipline of our elected officials on both sides to properly deal with it.

So whether higher inflation is just around the corner, or years down the road, what can you do to protect yourself from higher inflation? 

The key principle to remember here is that what you invest in, must have growth potential, so that your dollars will grow over time to keep up with inflation. Holding cash, savings, money market accounts, CDs, and low-yielding bonds aren’t good protectors against higher inflation, because the growth rate usually won’t be enough to keep pace with inflation.

That doesn’t mean you shouldn’t own any bonds, CDs, or cash, but owning too much of these assets will cause your standard of living to go down over time. 

So here are the types of investments you’ll want to make sure you own to protect yourself from higher inflation: 

• I’ll just start off with the most obvious and well-known protection against inflation - gold and other precious metals. But gold’s ability to protect you against higher inflation is limited, because owning too much gold comes with it’s own set of problems. 
• A better protector against inflation is your stock portfolio. Yes, just by maintaining a meaningful % of stocks in your portfolio, you can protect yourself against inflation, since stock market returns outpace inflation by a wide margin over time. 
• TIPS or Treasury Inflation-Protected Securities are US Govt bonds that have an inflation protection component to them. 
• Real estate is another way to protect against higher inflation, especially if you own income-producing rental properties, because you’ll likely be able to increase rent in an inflationary environment, which will lessen the blow of inflation on your bottom line. 

Lastly, the prospect of higher inflation in retirement should prompt you to get aggressive in paying down your debt, so you’re not stuck with a mortgage, car payments, etc. when the cost of groceries and other necessities go up. The more flexibility you have with your spending in retirement, the less inflation will be a problem for you in retirement. 

That’s it for today. Thanks for listening. My name is Ashley Micciche and this is the One Minute Retirement Tip.

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>>> Subscribe on iTunes: https://apple.co/2DI2LSP

>>> Subscribe on Amazon Alexa: https://amzn.to/2xRKrCs

>>> Check out our blog: https://truenorthretirementadvisors.com/blog/

----------

Tags: retirement, investing, money, finance, finances, financial planning, retirement planning, saving money, personal finance, wealth management, money tips, fee only financial advisor, financial planner, financial podcast, retirement podcast, financial independence podcast