Secure Your Retirement

In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss the strategies and rules surrounding common deductible charitable gifts in 2025. As the new year begins, many individuals are setting charitable giving goals while seeking to maximize their tax benefits. From understanding adjusted gross income (AGI) limits to choosing between donating cash, appreciated assets, or qualified charitable distributions, this episode walks you through everything you need to know to make informed decisions.

Listen in to learn about the tax benefits of donations, the importance of choosing the right type of gift, and how to align your charitable goals with your overall retirement plan. Whether you're donating cash, assets with capital gains, or making qualified charitable distributions, Radon and Murs provide practical advice to help you navigate these options effectively.

·      The benefits of donating cash and how AGI limits affect tax deductions.

·      How to use donating appreciated assets to avoid capital gains taxes while gaining deductions.

·      The rules surrounding qualified charitable distributions (QCDs) for individuals over 70½.

·      How to leverage long-term and short-term capital gains in your charitable giving strategy.

·      The impact of the 2025 standard deduction on itemizing charitable deductions.

·      "Charitable giving isn’t just about generosity; it’s about maximizing impact and minimizing taxes." – Radon Stancil

·      "Understanding AGI limits can turn charitable donations into powerful tax-saving tools." – Murs Tariq

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss key updates to the important financial numbers for 2025 that impact tax planning, retirement contributions, and other critical aspects of financial planning. They explain how inflation adjustments have influenced tax brackets, 401(k) and IRA contribution limits, Medicare IRMAA thresholds, and more. Whether you're planning your retirement or already enjoying it, this episode is packed with insights to help you navigate 2025 with confidence and clarity.

Listen in to learn about the updated financial planning numbers that are essential for a secure retirement. Radon and Murs delve into tax brackets, Social Security adjustments, HSA limits, and strategies to make the most of these changes. You’ll gain actionable insights to optimize your financial decisions for the new year.

·      The 2025 tax brackets and how inflation adjustments affect your tax planning.

·      Updates to 401(k), IRA, and HSA contribution limits for retirement savings strategies.

·      The latest changes to Social Security benefits, including COLA adjustments and taxation thresholds.

·      Medicare IRMAA updates and how income levels impact your premiums.

·      Key estate tax exemptions and what they mean for legacy planning.

1.    Radon Stancil: "Understanding your tax brackets is crucial for making good decisions around tax strategy and retirement planning."

2.    Murs Tariq: "Small changes in financial numbers can have a big impact—staying informed helps you retire comfortably and securely."

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

In this Episode of the Secure Your Retirement Podcast, Radon Stancil and Murs Tariq discuss how to approach the start of 2025 with clarity and purpose. They introduce a detailed checklist to help you organize and plan various aspects of your life, including cash flow management, estate planning updates, tax considerations, and more. This isn’t just about setting New Year financial goals or resolutions; it’s about preparing comprehensively to ensure smoother transitions and better decision-making throughout the year. They also share practical steps for managing both personal and financial priorities effectively.

Listen in to learn about actionable steps you can take now to set yourself up for success in 2025. From evaluating long-term care insurance options to reviewing retirement planning strategies, this episode is packed with valuable insights. Don’t miss the opportunity to access their checklist, which will guide you through every category you should be thinking about as the new year begins.

·      How to evaluate cash flow management and align your goals for the year.

·      The importance of reviewing estate planning updates to ensure everything is up-to-date.

·      Why assessing your investment risk is crucial as you plan for retirement.

·      Key tax strategies like Roth IRA conversion benefits and contribution limits.

·      Tips on when to consider long-term care insurance review and its advantages.

·      "The more we’re prepared, the smoother things usually go." – Radon Stancil

·      "Understanding what’s coming in and what’s going out is the foundation of good financial health." – Murs Tariq

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

In this episode of the Secure Your Retirement Podcast, Radon Stancil and Murs Tariq continue their discussion from Episode 292 on How to Retire at 62. In this follow-up, they welcome their team member, Taylor Wolverton, to dive into the numbers of a real-world retirement financial plan. Together, they walk through detailed retirement scenarios for someone looking to retire at 62, highlighting critical strategies to ensure a secure and sustainable retirement. From income and expenses to Social Security at 62 and withdrawals, they leave no stone unturned.

Listen in to learn about how to build a financial plan that works for you, even when unexpected scenarios arise. You’ll also gain insight into why retirement planning at 62 requires more than simple calculations and how ongoing adjustments can help you retire comfortably and with peace of mind.

In this episode, find out:

·      How much you need to retire at 62 and why a conservative approach matters

·      A step-by-step breakdown of Social Security income strategies for early retirees

·      How inflation impacts retirement expenses and why planning for it is crucial

·      Key insights into 401k withdrawal strategies and cash flow sustainability

·      Why a flexible and evolving retirement financial plan is essential

Tweetable Quotes:

·      “Retirement planning isn’t about a one-time decision; it’s about creating a flexible, evolving plan that adapts to life changes.” - Radon Stancil

·      “The key to retiring at 62 is understanding your numbers and having a solid plan to sustain your lifestyle long-term.” - Murs Tariq

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

In this Episode of the Secure Your Retirement Podcast, Radon Stancil and Murs Tariq discuss the difficult yet essential topic of navigating life after losing a spouse. They dive into critical financial and emotional steps to help widows and widowers during this challenging time. Losing a spouse is an emotional whirlwind, and the decisions that follow can feel overwhelming. However, with the right guidance and a structured approach, you can ensure a smoother transition. 

Listen in to learn about the importance of having a comprehensive Checklist for Surviving Spouse, which includes financial advice, legal matters, and practical steps to take when a loved one dies. From understanding Social Security benefits to estate planning, Radon and Murs provide actionable insights to help you regain clarity and peace of mind during this life-altering period. 

In this episode, find out: 

• How cash flow changes when a spouse passes and what to do about it. 
• The importance of retitling accounts, understanding wills, and updating estate plans. 
• Key considerations for Social Security survivor benefits and tax implications. 
• Why it’s vital to locate all accounts, insurance policies, and passwords. 
• How to adjust your retirement plan to reflect your new reality.

Tweetable Quotes: 

• “Losing a spouse is overwhelming, but having a clear plan can turn chaos into clarity.” – Radon Stancil 
• “Understanding your new financial picture is the first step to securing your future.” – Murs Tariq 

Resources: 

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! 

To access the course, simply visit POMWealth.net/podcast.

How to build the foundational steps for retiring at age 62 and achieving peace of mind in retirement planning. They dive into the critical questions that need to be answered, the data required to assess retirement readiness, and the steps to create a retirement roadmap. With this episode as the first of a two-part series, Radon and Murs explain how understanding your financial situation and goals lays the groundwork for a secure retirement.

·      The key elements of a retirement-focused financial plan and how to gather the right data.

·      Why organizing your accounts and understanding assets is essential for retiring comfortably.

·      The importance of identifying income sources like Social Security, pensions, and other retirement accounts.

·      How to categorize your retirement expenses into essentials, wants, and legacy goals.

·      The role of regular plan monitoring to adapt and adjust your retirement roadmap over time.

·      The initial steps to determine if retiring at age 62 is feasible.

·      How to use the Peace of Mind Pathway to clarify retirement goals.

·      The importance of understanding and organizing investment assets.

·      How to plan for retirement expenses, including big-ticket items.

·      Why estate planning and understanding liabilities are vital for retirement security.

·      "Retirement planning is about aligning your ins and outs: what you’ve saved and what you’ll spend." – Radon Stancil

·      "Gathering the right data upfront is the foundation of any successful retirement plan." – Murs Tariq

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

In this Episode of the Secure Your Retirement Podcast, Radon Stancil and Murs Tariq discuss the Nationwide Monument Advisor, a unique variable annuity designed to optimize tax planning strategies for retirement. While variable annuities often have a negative reputation due to high fees and restrictions, this product offers a refreshing alternative with minimal costs and significant tax deferral benefits. Learn why Radon and Murs believe this tool can be a game-changer for individuals with non-qualified assets, such as brokerage accounts, who are looking to improve their tax strategies while planning for retirement.

Listen in to learn about how the Nationwide Monument Advisor provides tax-efficient investment opportunities for individuals with non-IRA, non-401(k) assets. Radon and Murs break down the product’s mechanics, compare it to traditional variable annuities, and explain how it fits into a well-rounded retirement planning strategy. Whether you’re looking to manage brokerage account taxes, avoid capital gains, or simplify your tax return, this episode sheds light on how this tool can help secure your retirement.

·      What makes the Nationwide Monument Advisor different from traditional variable annuities.

·      How tax deferral works and why it’s advantageous for non-qualified assets.

·      The importance of low costs in variable annuities and how this product excels.

·      The flexibility of liquidity options and absence of surrender charges.

·      How to leverage this product for retirement income planning and investment management.

·      “The Nationwide Monument Advisor flips the script on variable annuities by offering a low-cost, tax-efficient way to manage non-IRA investments.” – Radon Stancil

·      “With tax deferral and no surrender charges, this product removes the barriers that hold many back from optimizing their brokerage accounts.” – Murs Tariq

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast

In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss the fascinating journey of transitioning into retirement with special guest Dr. Ridley Moynes, author of The Four Phases of Retirement. This episode dives deep into the emotional, mental, and financial aspects of retirement, addressing the critical question: "Is retirement only about money, or is there more to finding purpose in retirement?" Dr. Moynes shares the framework he developed after years of research and over 150 interviews, breaking down the stages of retirement that retirees commonly face. Whether you are planning retirement or already retired, this episode will equip you with insights to navigate these stages and achieve peace of mind.

Listen in to learn about the emotional challenges many retirees encounter and how identifying your purpose can lead to fulfillment in this stage of life. Discover how the “Four Phases of Retirement” framework can help you plan for retirement beyond just finances and transition smoothly into a meaningful and joyful retirement life.

·      What the Four Phases of Retirement are and how they apply to your journey.

·      Why emotional preparation is as important as financial planning steps.

·      How to avoid feeling lost and overcome the challenges of retirement.

·      The importance of finding purpose and creating a sense of fulfillment after retirement.

·      Practical tips for retiring comfortably and planning retirement with confidence.

1.    “Retirement isn’t just about leaving work; it’s about finding a renewed purpose that makes you excited to get up each morning.” – Radon Stancil

2.    “The happiest retirees are those who commit to service—whether it’s mentoring, volunteering, or being the best grandparent they can be.” – Murs Tariq

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss the question many retirees and pre-retirees ask: "How much money do I need saved to spend $10,000 per month in retirement?" This is a highly specific question that requires a tailored approach to retirement planning. Radon and Murs reverse engineer this scenario to illustrate how to plan effectively, considering factors like budgeting on Social Security, inflation, and market volatility. They share insights into how their firm uses personalized retirement planning to provide peace of mind and ensure you can retire comfortably without worrying about running out of money.

Listen in to learn about the importance of understanding rules of thumb, like the 4% rule for retirement, while also acknowledging their limitations. Radon and Murs explain the concept of sequence of returns risk and how strategies like dividing assets into growth and safety buckets can help mitigate risks. They also emphasize the need to factor in inflation and longevity when determining whether your retirement savings are sufficient for your desired lifestyle.

·      The relevance of the 4% rule and its application to budgeting on Social Security.

·      How inflation and market volatility impact retirement income strategies.

·      Why personalized retirement planning is essential for financial security.

·      The role of growth and safety buckets in combating sequence of returns risk.

·      What to consider when deciding to retire and ensuring a smooth transition.

·      “Retirement planning isn’t about simple math—it’s about creating a personalized strategy that gives you peace of mind.” – Radon Stancil

·      “Sequence of returns risk can derail a retirement plan, but strategies like safety and growth buckets provide stability and confidence.” – Murs Tariq

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

In this episode of the Secure Your Retirement Podcast, Radon Stancil and Murs Tariq discuss the often-overlooked potential of annuities as a vital component of retirement portfolios. While traditionally, retirement planning relies on the 60/40 portfolio split between equities and bonds, Radon and Murs explore a fresh approach suited to today’s financial landscape. With fluctuating interest rates and persistent market volatility, it’s essential to consider alternatives like fixed index annuities to help manage stock market risk and secure retirement income.

Listen in to learn about the unique benefits of using annuities as an asset class and why they may serve as a better alternative to bonds for certain retirement income strategies. They discuss the challenges in bond markets, especially in today’s economy, and explain how fixed index annuities could offer more stability and potentially higher returns. Whether you’re seeking to reduce risk exposure or establish a more predictable retirement income stream, this episode provides valuable insights for a comfortable and secure retirement.

In this episode, find out:

·      Why the traditional 60/40 portfolio may not be ideal for today’s retirees

·      The impact of rising interest rates on bond volatility and retirement planning

·      How fixed index annuities can complement stock market investments

·      The pros and cons of using annuities to manage stock market risk

·      Practical steps to incorporate annuities as part of your retirement checklist

Tweetable Quotes:

·      "The old way of using bonds for stability is worth re-evaluating—annuities could provide the alternative you need." – Radon Stancil

·      "Fixed index annuities can offer income stability without the bond market's volatility." – Murs Tariq

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.