Saving up for retirement is one thing, but withdrawing money once you’re retired is another.  An article on the SmartAsset financial website talks about the four worst mistakes people make in withdrawing from their accounts.  Kevin explains how he determines the best order to withdraw from clients retirement accounts and how he can help you create a customized income plan. 

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So, what’s the outlook for the stock market this year?  It depends on whom you ask.  Brent Schutte with Northwest Mutual tells CNBC he’s more optimistic, pointing at signs that pandemic inflation is starting to slip. But even he is more cautious about the second half of the year, when the Fed is expected to raise interest rates several times.  It seems the forecast keeps going back-and-forth.  What’s the direction our investments should take?  Should we rebalance allocations more than twice-a-year?

A tweet went viral after it reminded taxpayers to report income from illegal activities and stolen property to the IRS.  Turns out, it’s legit.  IRS.gov says the fair market value of stolen property must be included on form 1040, as well as any money made from things like drug dealing.  The twitterverse had a field day, with comments like, “If I steal a bunch of TVs from Walmart and a homeless man steals them from me can I write that off as a loss?”  All that aside, paying less taxes on retirement savings is always part of a good plan.  What tax challenges do you see as we enter filing season?

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Did you know that 81% of employees are less likely to leave a company if the company helps them with their finances? And, 75% say that finances are regularly on their mind and create a ton of stress! Would you agree?

Finding the balance of health and wealth is crucial to having a happy and successful life and yes, retirement! So, the question becomes - how do you do that? 

Joining Kevin today is Megan Wollerton of Life Force Wellness! Megan discusses her 7  life forces and Kevin explains how they can help you find the balance of both health and wealth TODAY! 

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Between the time you woke up this morning and the time you go to bed tonight, another 10,000 baby boomers will have officially retired. What about you? Have you done everything you need to do to be ready? What about taxes? inflation? Securing income for life? Hear how Kevin's 6 Pillars for a successful retirement can help you check off items on that retirement planning list !

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Inflation is on the rise and shows now sign of slowing down! How do we keep up? Hear Kevin discuss a few different options and strategies he can show you to keep up with the pace of inflation while not spending all your nest egg! 

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According to a new Vanguard report, the average 401(k) earned just over 15% last year.  So, how did yours do?  Hear what Kevin thinks is a reasonable expectation for us to have when it comes to the performance of our retirement accounts?

Required Minimum Distributions are back this year.  If you’re subject to them, you might want to start thinking about that.  But even if you’re not there yet, Morningstar’s Christine Benz says it might pay to start considering your options. Hear Kevin explain some of those strategies and how he helps clients reduce their tax obligations! 

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We’ve talked about the importance of reducing risk and developing income in retirement. An article in Smart Asset suggests that annuities, not bonds is a better way to do both. They also talk about the psychological benefit of having dependable income gives the retiree the license to spend and enjoy retirement more. 

President Biden is pushing trillions of dollars in new spending … and his supporters in Congress are considering several different tax hikes to pay for it all.  One of them is a so-called “death tax” … that’s a tax that your family has to pay whenever they inherit something from you.  But former U.S. Senator Heidi Heitkamp, a Democrat, tells CNBC that would be a big mistake.  So, where does Kevin see this going?  Are we going to need to do some strategizing to protect our family assets from Uncle Sam?

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 Kevin talks about his 6 pillars for a successful retirement and how he can help you create the retirement you've dreamed about. The good news Kevin can help you with this process because everything is under one roof!

1) Income Planning

2)Assent Planning

3)Tax Planning

4)Healthcare Planning

5)Legacy Planning

6)Legal Planning

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Kiplinger’s surveyed hundreds of retirees and near-retirees to ask them about their biggest financial fears.  Kevin talks about the big disconnect with 71% admit they need help with 29% of Americans are working with an advisor. 

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Stocks have been hitting record highs in recent weeks, but one strategist worries that prices are too high.  Julian Emanual tells CNBC the market is starting to mimic the conditions of when the dot-com bubble burst and he believes we could be in for a 10-to-20 percent correction! Is this a reason for concern, or do we just bite the bullet and hope for the best? 

Then, giving your retirement a test-run might be a good idea, according to Morningstar’s Christine Benz.  She says that practicing what you would spend can be simulated if you can get an extended vacation.  Hear Kevin's advice when it comes to estimating what percentage they’ll spend in retirement and how he can help you prepare for the unexpected and not run out of money in retirement.  

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