We’re told that as long as we’re saving for retirement and making investments, we’ll be set—but that may not be the case. There are a few mistakes you could be making with your financial plan, and not even realizing you’ve made the mistakes.

In today’s episode, our hosts are sharing three retirement mistakes that you may be making right now. Listen in as they discuss an article from Kiplinger highlighting the mistakes you need to avoid.

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As we continue the conversation from last week’s episode, pulling important takeaways from David McKnight’s book, Tax-Free Income for Life, Laura, Michael, and JAG, discuss how the three buckets of tax can impact your investments and retirement. In this episode, they’re also sharing valuable advice by answering a listener’s question about how their investments and legacy are impacted by The Secure Act and Pro-rata Rule.

Listen in as they discuss taxable, tax-deferred, and tax-free investments, along with how important it is to be strategic in your planning for retirement.

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Most experts predict a dramatic rise in tax rates within the next ten years, which has a direct impact on those heading into retirement. Despite your efforts to save, you’rere likely to outlive your money or watch it be taxed into oblivion. 

What can you do when traditional retirement distribution strategies won't provide sufficient income in the face of higher taxes? In this episode, we’re discussing some important takeaways throughout David McKight’s book, Tax-Free Income for Life. Listen in as we explain some important details of our nations debt, potential tax plans to reduce debt, and the importance of income in retirement!

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Are you aware of the risk that comes with your retirement investments? If so, have you considered reframing the way you think about risk tolerance? 

In this episode, Laura discusses Kitces article on risk tolerance in Think Advisor and why it’s important to understand the benefits of the risks you’re taking. Listen in as she highlights the difference between risk tolerance and risk capacity, along with highlighting the 5 essential pillars in the Redefining Wealth Process for planning for retirement.

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In 2021, we’ve been presented with a unique opportunity to maximize Qualified Charitable Distribution tax benefits! Due to the CARES Act and the COVID Related Tax Relief Act of 2020, this is your last chance to make unlimited contributions from your IRA to charity! In this episode, Laura discusses how this contribution works and what you need to know in order to take advantage of this opportunity.

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While we don’t focus a lot of our time or conversations on decumulation, it’s definitely a topic we need to discuss. Decumulation in retirement is the approach you take to spend down or withdraw from your savings.

In this episode, we’re discussing why it’s important to have a written income plan for decumulation, a few misconceptions you may have about decumulation, and some interesting findings about investors by a new study from PIMCO!

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We’re all familiar with IRA’s, but have you read any recent news about Peter Thiel accumulating $5 billion in a tax-free Roth IRA? Sounds unrealistic, right? But it’s true.

In today’s episode, Laura shares exactly how this happened, what this means for pre-retirees contributing to Roth IRAs, plus she’s sharing a simple “backdoor” strategy for unlimited contributions to your Roth IRA.

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redefiningwealth.info/61-building-your-retirement-with-roth-ira-contributions-and-conversions

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As you’re investing your money and planning for your future, you should be quantifying the risk-return tradeoffs of investing. In this episode, Laura and her co-hosts are sharing about risk vs. return, understanding asset allocation, risk profile, and more when it comes to investing! Listen in as they highlight what the tools and trust you need to discuss with your advisor.

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While you may be familiar with the impacts of inflation on your finances, you may not realize how the history of inflation can impact your investment patterns.

In this episode, we’re discussing the history of inflation over the last 70+ years. Additionally, we’re sharing a few things to consider in how to approach your investments both today and in the future with inflation in mind.

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redefiningwealth.info/59

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With over $123 trillion in national debt, it’s important that American’s understand how this impacts both their lives and their taxes. After a global pandemic added nearly $10 trillion to our national debt, the taxation plan to get out of debt is even more aggressive than in years past.

In this episode, Laura and Michael share their thoughts on America’s national debt, the terminology you need to know, and why taxes are important in repaying this national debt.

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redefiningwealth.info/58

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