Retiring Today

Learn more about how you can prepare for retirement by downloading the complimentary Retire Your Way Toolkit - https://bit.ly/42YU8Mw

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In this episode of Retiring Today we discuss important mindset shifts when it comes to your retirement income. Discover key insights and strategies to help you navigate the transition from working life to retirement. Also learn how to you can start building your retirement income plan and understand how much you might need saved for retirement.

Loren Merkle, CERTIFIED FINANCIAL PLANNER™, RETIREMENT INCOME CERTIFIED PROFESSIONAL®, CERTIFIED FINANCIAL FIDUCIARY®

https://merkleretirementplanning.com/staff-members/loren-merkle/

Molly Nelson, Host of Retiring Today

https://merkleretirementplanning.com/staff-members/molly-nelson/

Chapters

00:00 How to Rethink Your Income in Retirement

02:10 Retiring Without A Pension

04:30 Does the 4% Rule Work?

05:18 Do You Need $3 Million to Retire?

06:35 When to Take Social Security

09:00 How to File for Social Security

13:00 Don't Use Rules of Thumb

16:29 How to Build an Income Plan for Retirement

23:15 Tax Efficient Income Strategies

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This video does not constitute an offer to sell, a solicitation of an offer to buy, or a recommendation of any security or any other product or service by Merkle Retirement Planning LLC, Elite Retirement Planning LLC, MRP Insurance LLC, or any other third party regardless of whether such security, product or service is referenced in this episode. Furthermore, nothing in this episode is intended to provide tax, legal, or investment advice and nothing in this episode should be construed as a recommendation to buy, sell, or hold any investment or security or to engage in any investment strategy or transaction. Merkle Retirement Planning, LLC does not represent that the securities, products, or services discussed in this episode are suitable for any particular investor. You are solely responsible for determining whether any investment, investment strategy, security or related transaction is appropriate for you based on your personal investment objectives, financial circumstances and risk tolerance. You should consult your business advisor, attorney, or tax and accounting advisor regarding your specific business, legal or tax situation.

Discover more health care and Medicare tips by downloading the complimentary Retire Your Way Toolkit - https://merkleretirementplanning.com/toolkit/

Register for the next Journey to Retirement online workshop to take the first step in your retirement journey - https://merkleretirementplanning.com/workshops/

To make the most of retirement you have to think differently about EVERYTHING – including health care. Today we talk about health care in retirement and how it may be more affordable than you think. We also discuss options that can help you plan for the expense of long-term care.

Loren Merkle, CERTIFIED FINANCIAL PLANNER™, RETIREMENT INCOME CERTIFIED PROFESSIONAL®, CERTIFIED FINANCIAL FIDUCIARY®

https://merkleretirementplanning.com/staff-members/loren-merkle/

AnnaMarie Morrow, Director of Medicare

https://merkleretirementplanning.com/staff-members/annamarie-morrow/

Molly Nelson, Host of Retiring Today

https://merkleretirementplanning.com/staff-members/molly-nelson/

Chapters

00:00 Can You Retire Before 65?

02:10 Building a Comprehensive Retirement Plan

03:24 Rethinking Health care in Retirement

10:51 Understanding Medicare

13:10 How Prescription Drug Coverage Can Change Each Year

19:09 Planning for the Cost of Long Term Care

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This video does not constitute an offer to sell, a solicitation of an offer to buy, or a recommendation of any security or any other product or service by Merkle Retirement Planning LLC, Elite Retirement Planning LLC, MRP Insurance LLC, or any other third party regardless of whether such security, product or service is referenced in this episode. Furthermore, nothing in this episode is intended to provide tax, legal, or investment advice and nothing in this episode should be construed as a recommendation to buy, sell, or hold any investment or security or to engage in any investment strategy or transaction. Merkle Retirement Planning, LLC does not represent that the securities, products, or services discussed in this episode are suitable for any particular investor. You are solely responsible for determining whether any investment, investment strategy, security or related transaction is appropriate for you based on your personal investment objectives, financial circumstances and risk tolerance. You should consult your business advisor, attorney, or tax and accounting advisor regarding your specific business, legal or tax situation.

Discover more tips to help you get started with your retirement investment plan by downloading the complimentary Retire Your Way Toolkit -

https://merkleretirementplanning.com/toolkit/

Register for the next Journey to Retirement online workshop to take the first step in your retirement journey - https://merkleretirementplanning.com/workshops/

To make the most of retirement you have to think differently about EVERYTHING – including investments. Today we talk about how to rethink your investments, specifically how to build an investment portfolio for retirement, how to think about your investment risk in retirement, and what you can do now to put yourself in a better position to retire!

Loren Merkle, CERTIFIED FINANCIAL PLANNER™, RETIREMENT INCOME CERTIFIED PROFESSIONAL®, CERTIFIED FINANCIAL FIDUCIARY®

https://merkleretirementplanning.com/staff-members/loren-merkle/

Molly Nelson, Host of Retiring Today

https://merkleretirementplanning.com/staff-members/molly-nelson/

Chapters

00:00 Rethinking Investments in Retirement

02:00 How People Think of Investments Before Retirement

03:07 Building A Recession Resistant Portfolio

07:15 The 60/40 Portfolio Strategy and Why It Is Outdated

12:27 Investing Today is Not the Same as Investing 20 Years Ago

14:10 Alternative Investment Options

15:21 What a Investment Portfolio for retirement looks like

16:57 Annuities and Dependable Income

21:20 Rethinking Your Investment Risk

22:57 How Having Too Much Risk Can Impact Your Investment Portfolio

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This video does not constitute an offer to sell, a solicitation of an offer to buy, or a recommendation of any security or any other product or service by Merkle Retirement Planning LLC, Elite Retirement Planning LLC, MRP Insurance LLC, or any other third party regardless of whether such security, product or service is referenced in this episode. Furthermore, nothing in this episode is intended to provide tax, legal, or investment advice and nothing in this episode should be construed as a recommendation to buy, sell, or hold any investment or security or to engage in any investment strategy or transaction. Merkle Retirement Planning, LLC does not represent that the securities, products, or services discussed in this episode are suitable for any particular investor. You are solely responsible for determining whether any investment, investment strategy, security or related transaction is appropriate for you based on your personal investment objectives, financial circumstances and risk tolerance. You should consult your business advisor, attorney, or tax and accounting advisor regarding your specific business, legal or tax situation.

Discover more retirement tax saving strategies in the complimentary Retire Your Way Toolkit - https://merkleretirementplanning.com/toolkit/

Register for the next Journey to Retirement online workshop to take the first step in your retirement journey - https://merkleretirementplanning.com/workshops/

Retirement is a mindset shift – EVERYTHING changes including the way you should think about taxes. In this episode of Retiring Today, Loren Merkle and Chawn Honkomp discuss how taxes in retirement can be different than taxes in your working years. They help you understand how you can begin to calculate what you may be taxed throughout your retirement and demonstrate tax strategies that can help you lower your tax bill in retirement

Loren Merkle, CERTIFIED FINANCIAL PLANNER™, RETIREMENT INCOME CERTIFIED PROFESSIONAL®, CERTIFIED FINANCIAL FIDUCIARY®

https://merkleretirementplanning.com/staff-members/loren-merkle/

Chawn Honkomp, CERTIFIED FINANCIAL PLANNER™, RETIREMENT INCOME CERTIFIED PROFESSIONAL®, CERTIFIED FINANCIAL FIDUCIARY®, CPA®

https://merkleretirementplanning.com/staff-members/chawn-honkomp/

Molly Nelson, Host of Retiring Today

https://merkleretirementplanning.com/staff-members/molly-nelson/

Chapters

00:00 Rethinking Taxes in Retirement

04:48 What You Can Control with Your Taxes in Retirement

10:52 How to Calculate Your Social Security Tax Rate

20:50 Retirement Accounts: Taxed vs. Tax-Free

25:08 The Power of a Comprehensive Retirement Plan

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This video does not constitute an offer to sell, a solicitation of an offer to buy, or a recommendation of any security or any other product or service by Merkle Retirement Planning LLC, Elite Retirement Planning LLC, MRP Insurance LLC, or any other third party regardless of whether such security, product or service is referenced in this episode. Furthermore, nothing in this episode is intended to provide tax, legal, or investment advice and nothing in this episode should be construed as a recommendation to buy, sell, or hold any investment or security or to engage in any investment strategy or transaction. Merkle Retirement Planning, LLC does not represent that the securities, products, or services discussed in this episode are suitable for any particular investor. You are solely responsible for determining whether any investment, investment strategy, security or related transaction is appropriate for you based on your personal investment objectives, financial circumstances and risk tolerance. You should consult your business advisor, attorney, or tax and accounting advisor regarding your specific business, legal or tax situation.

Learn more about how to retire confidently by downloading the complimentary Retire Your Way Toolkit - https://merkleretirementplanning.com/toolkit/

Register for the next Journey to Retirement online workshop - https://merkleretirementplanning.com/workshops/

Retirement can be an exciting and stressful time in your life. In this episode of Retiring Today with Loren Merkle we help you understand how to build confidence in your retirement vision by detailing three ways you can overcome your fear of running out of money in retirement. Loren Merkle and Chawn Honkomp explain how retirement strategies such as analyzing your social security options and creating a retirement budget can help ease your retirement worries.

Loren Merkle, CERTIFIED FINANCIAL PLANNER™, RETIREMENT INCOME CERTIFIED PROFESSIONAL®, CERTIFIED FINANCIAL FIDUCIARY®

https://merkleretirementplanning.com/staff-members/loren-merkle/

Chawn Honkomp, CERTIFIED FINANCIAL PLANNER™, RETIREMENT INCOME CERTIFIED PROFESSIONAL®, CERTIFIED FINANCIAL FIDUCIARY®, CPA®

https://merkleretirementplanning.com/staff-members/chawn-honkomp/

Molly Nelson, Host of Retiring Today

https://merkleretirementplanning.com/staff-members/molly-nelson/

Chapters

00:00 The Causes of Retirement Fear

04:34 Electing Social Security

06:02 Tax Savings in Retirement 06:52 Building a Retirement Investment Inventory

10:46 How Much You Need for Your Retirement Lifestyle

11:27 How to Make a Retirement Budget

16:51 The Importance of a Budget in a Comprehensive Retirement Plan

17:38 How to Make a Retirement Plan

20:13 The Psychology of Retiring

24:22 Starting Your Retirement Journey

This video does not constitute an offer to sell, a solicitation of an offer to buy, or a recommendation of any security or any other product or service by Merkle Retirement Planning LLC, Elite Retirement Planning LLC, MRP Insurance LLC, or any other third party regardless of whether such security, product or service is referenced in this episode. Furthermore, nothing in this episode is intended to provide tax, legal, or investment advice and nothing in this episode should be construed as a recommendation to buy, sell, or hold any investment or security or to engage in any investment strategy or transaction. Merkle Retirement Planning, LLC does not represent that the securities, products, or services discussed in this episode are suitable for any particular investor. You are solely responsible for determining whether any investment, investment strategy, security or related transaction is appropriate for you based on your personal investment objectives, financial circumstances and risk tolerance. You should consult your business advisor, attorney, or tax and accounting advisor regarding your specific business, legal or tax situation.

Are you worried about having a plan in place when you pass? Schedule your 15 Minute Retirement Check-Up Call to talk with a retirement planner at ⁠MerkleRetire.com⁠

ABOUT THIS EPISODEDo you think you have to work until 65 because of the high cost of health care? Maybe not. In this episode, we discuss how you can reclaim your retirement! Medicare Director AnnaMarie Morrow runs the numbers to show you what it could look like if you retire early and gives you some ideas about how to pay for health care. Plus, we talk about why you can’t “set it and forget it” when it comes to Medicare decisions and why you can’t ignore the high cost of long-term care.

AnnaMarie Morrow, Director of Medicare

Molly Nelson, Host of Retiring Today

Richelle Smith, Producer of Retiring Today

Don’t wait! Have a plan in place and DOWNLOAD your Succession Plan Checklist now at SuccessionChecklist.com

Are you worried about having a plan in place when you pass? Schedule your 15 Minute Retirement Check-Up Call to talk with a retirement planner at ⁠MerkleRetire.com⁠

ABOUT THIS EPISODE

When it comes to planning for retirement – we preach being prepared – and we emphasize “act now.” Your end of life is no different. Plan now for yourself and for your loved ones. Special guest Ryan Fredregill of Celebrate Life Iowa stresses the importance of having a plan for your funeral for when you pass and the best way you can accomplish that.

Ryan FredregillCelebrate Life IowaCelebrateLifeIowa.com(515) 689-5522

Loren Merkle, CERTIFIED FINANCIAL PLANNER™, RETIREMENT INCOME CERTIFIED PROFESSIONAL®, CERTIFIED FINANCIAL FIDUCIARY®

Molly Nelson, Host of Retiring Today

Richelle Smith, Producer of Retiring Today

Do you have more questions about retirement? Schedule your 15 Minute Retirement Check-Up Call to talk with a retirement planner at ⁠MerkleRetire.com⁠

ABOUT THIS EPISODE

Everything changes in retirement – including how you think about the legacy you want to leave behind. Find out which three legacy planning documents are often overlooked and how to make sure all of your ducks are in a row when it comes to what happens to you, your retirement savings, and your possessions.

Loren Merkle, CERTIFIED FINANCIAL PLANNER™, RETIREMENT INCOME CERTIFIED PROFESSIONAL®, CERTIFIED FINANCIAL FIDUCIARY®

Molly Nelson, Host of Retiring Today

Do you have more questions about retirement? Schedule your 15 Minute Retirement Check-Up Call to talk with a retirement planner at ⁠MerkleRetire.com⁠

ABOUT THIS EPISODE

Whether this is your first year on Medicare or you’ve been on it for several years, you should take a look at your plan each year. In this rebroadcast we discuss how revisiting your coverage and supplement could save you money and prevent surprises when you visit the doctor or pick up a prescription.

AnnaMarie Morrow, Director of Medicare

Molly Nelson, Host of Retiring Today

Richelle Smith, Producer of Retiring Today

To schedule a 15 Minute Retirement Check up call go to MerkleRetire.com

ABOUT THIS EPISODE

Many Americans fear they will outlive their retirement savings. We discuss three ways to overcome your fear of running out of money in retirement – including often overlooked factors like inflation and taxes.

Loren Merkle, CERTIFIED FINANCIAL PLANNER™, RETIREMENT INCOME CERTIFIED PROFESSIONAL®, CERTIFIED FINANCIAL FIDUCIARY®

Clint Huntrods, PhD

Molly Nelson, Host of Retiring Today