In 2022, we’ll see a major cost-of-living adjustment (COLA) benefit increase for retirees, along with a social security tax increase for high-earning workers. These increased numbers are the biggest we’ve seen in decades. In this episode, we’re discussing the numbers associated with these changes, how it impacts your retirement earnings, and when it goes into effect!

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redefiningwealth.info/77

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Are you familiar with the five year rules for Roth IRAs? It’s important that you understand these somewhat confusing rules whether you’re opening a Roth IRA now, considering converting your traditional IRAs, or you’re inheriting them. 

In today’s episode, we explain how these five year rules work, what you need to do for planning, and what your options are for avoiding penalties.

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Do you have questions about taxes and retirement? For many pre-retirees, there are so many unknowns. In today’s episode, we’re exploring 12 common questions that retirees and pre-retirees often get wrong about taxes and retirement.

 

Listen in as we highlight these twelve questions, share the correct answers, and even reference a few options for different deductions and tax brackets. If you’re ready to get real answers and understand what to expect from taxes in retirement, this episode is for you!

 

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redefiningwealth.info/75-12-questions-retirees-often-get-wrong-about-taxes-and-retirement

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When planning for your retirement and the strategies you’ll use to plan for it, many firms will have investors complete risk tolerance questionnaires. While these work to get a base-line understanding of where you are, they are an outdated approach for planning.

 

In this episode, we’re discussing what these questionnaires ask, why they’re outdated, and the three L’s that Dr. Wade Pfau believes you should be concerned about when planning for retirement.

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We talk often about developing a plan for your retirement income and the strategies that go along with it. Have you considered how you’ll manage your the cost of health insurance? In today’s episode, we’re discussing three strategies that early retirees can minimize their health insurance costs.

 

Listen in as we cover a few investment opportunities, the impacts of certain federal acts, and understanding how to plan for your health insurance cost.

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redefiningwealth.info/73

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Did you know that when social security was introduced in 1935, it was never meant to be used as a primary source of income? Realistically you should consider it supplemental income to be applied to your overall retirement plan.

In today’s episode, we’re discussing a few key details in the 2021 Social Security Report, the impacts the pandemic has had on Social Security, and understanding taxation on your retirement income (including your social security benefits). 

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What if we were to ask you what your investing nightmare would be? Do you know? And what have you done to ensure you’re not risking that potential nightmare?

In this episode, we’re discussing potential investing nightmares, the impacts of the market on many investing strategies, and how you can perform a SWOT analysis to make sure you’re not setting yourself up for that nightmare. Listen in as we review the importance of a defined investment process and why we’ve created a proprietary process at LS Wealth Management.

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When considering all of your options for investing in retirement, you’ll likely have to consider what type of tax diversification you want to explore. A big debate comes into play when you’re looking at the benefits of a Traditional IRA vs. Roth IRA.

In this episode, we’re discussing the limits of tax diversification options with investing in Traditional IRAs and Roth IRAs for your retirement. Additionally, we’ll be highlighting a common misconception with Roth IRA Conversions, how they work, and when you should utilize them.

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Are you planning for the proposed capital gains tax changes that are potentially coming in 2022? These tax changes may not take effect until next year, but they will be retroactive and could impact your current holdings. 

 

In this episode, we’re exploring the proposed tax plan and changes under the Biden administration, who it affects, and how to know if you need to be planning for it.

 

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You have a variety of opportunities to consider when planning for retirement. What if someone were to ask you to pick between guaranteed income or annuities? Which would you choose?

 

In a psychological study conducted by Morning Star, surveyors asked participants a series of questions to understand the impact that psychology and perception has on their financial decision making.

 

In this episode, our hosts are breaking down the results of this study, along with the different types of annuities you should be aware of when investing in your retirement. Listen in as they share the risks associated with the different types of annuities and bonds, along with why a written income plan is so important.

 

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