Are you thinking about taking Social Security at age 62? That's what many Americans consider when they approach Social Security age, but just because you can take it early doesn't always mean that you should. Claiming too soon could shrink your benefits for life so it's not a decision you want to rush to make. If you can check the box on one of the three situations we're going to discuss in this video, then claiming Social Security at age 62 might actually be the right move for you.

Here's some of what we discuss in this episode:

📉 Why taking benefits early reduces your lifetime income 💰 Tax planning and Roth conversions — timing is everything 🧍‍♀️ Survivor benefits and spousal strategy insights 🧠 Why flexibility matters more than getting the "most" from Social Security

Company website: https://sierensfinancialgroup.com/

Podcast website and resources: https://maxretirementshow.com/

Phone: (847) 235-6989

Contact our team: [email protected]

Schedule your no-cost introductory call: https://sierensfinancialgroup.com/schedule-a-meeting/

Join us for our next financial workshop: https://sierensfinancialgroup.com/

Check out our free guides:

Unlocking Hidden Tax Savings Guide: https://maxretirementshow.com/taxes/

Social Security Benefits Guide: https://maxretirementshow.com/socialsecurity/

Will Your Money Last As Long As You Do Guide: https://sierensfinancialgroup.com/

Check us out on YouTube: https://www.youtube.com/channel/UCPhQ-u12d60Z0HNCwwVubdQ

As you save for retirement, it's not just about having a retirement account, it's about having the right types of accounts and knowing how to use them most effectively. So today's video will break down the four most important retirement accounts you should consider having and the strategies you can implement to get the amount of income in the most tax efficient way.

Here's some of what we discuss in this episode:

📉 How to reduce taxes using account strategy 🔁 Why sequence matters when withdrawing income 💰 A flexible account most people overlook 🧾 Real-life example of using conversions to save money

Company website: https://sierensfinancialgroup.com/

Podcast website and resources: https://maxretirementshow.com/

Phone: (847) 235-6989

Contact our team: [email protected]

Schedule your no-cost introductory call: https://sierensfinancialgroup.com/schedule-a-meeting/

Check us out on YouTube: https://www.youtube.com/channel/UCPhQ-u12d60Z0HNCwwVubdQ

Heading into retirement should feel like freedom, but too many people carry financial clutter into this next phase of life, creating confusion, missed opportunities, and unnecessary stress. In this week's show, Scott outlines three key areas to simplify before you retire: your bank accounts, your investment and retirement accounts, and your overall strategy.

Here's some of what we discuss in this episode:

🏦 Simplify your bank accounts for clearer budgeting

📂 Clean up old 401(k)s and scattered investment accounts

🧠 Stick to one clear investment strategy that works long-term

📉 Why having money in different places doesn't mean you're diversified

See the chart of the week: https://www.hicapitalize.com/resources/the-true-cost-of-forgotten-401ks/

Company website: https://sierensfinancialgroup.com/

Podcast website and resources: https://maxretirementshow.com/

Phone: (847) 235-6989

Contact our team: [email protected]

Schedule your no-cost introductory call: https://sierensfinancialgroup.com/schedule-a-meeting/

Check us out on YouTube: https://www.youtube.com/channel/UCPhQ-u12d60Z0HNCwwVubdQ

When ​the ​market ​is ​down, ​it ​can ​make you ​feel ​pretty ​uneasy. ​Emotions ​can ​rise and panic can feel like the natural response, especially when you're nearing retirement. You ​spent ​decades ​just ​saving ​to ​get ​to ​this ​point, ​and ​now ​you're ​watching ​your ​retirement ​savings ​drop ​in ​value.

You ​might ​be ​wondering ​what ​changes ​you should ​make. ​Should ​you ​move ​to ​cash? ​What ​action ​should ​you ​be ​taking ​with ​your ​accounts ​as ​you ​watch ​your ​accounts ​drop ​in ​value ​and ​you're ​getting ​closer ​to ​your ​retirement ​date? We ​want ​to ​focus ​on ​strategies ​that ​can ​help ​our ​plan ​during ​these ​high ​emotions ​versus ​letting ​emotions ​potentially ​hurt ​our ​plan.

This video is going ​to ​draw ​out ​some ​simple ​and ​practical ​strategies ​you ​can ​utilize ​during ​a ​market ​downturn ​that ​can ​actually ​help ​your ​retirement ​plan ​instead ​of ​hurting ​it.

Here's some of what we discuss in this episode:

⚖️ Strategy #1: Rebalance your portfolio to take advantage of market shifts

💵 Strategy #2: Increase contributions when prices are low

🔁 Strategy #3: Use Roth conversions to lock in tax-free growth

📉 What happens if you miss the market's best days

🧾 Roth alternatives when your income is too high

Look at the chart we referenced: https://www.hartfordfunds.com/practice-management/client-conversations/managing-volatility/timing-the-market-is-impossible.html

Company website: https://sierensfinancialgroup.com/

Podcast website and resources: https://maxretirementshow.com/

Phone: (847) 235-6989

Contact our team: [email protected]

Schedule your no-cost introductory call: https://sierensfinancialgroup.com/schedule-a-meeting/

Join us for our next financial workshop: https://sierensfinancialgroup.com/

Check out our free guides:

Unlocking Hidden Tax Savings Guide: https://maxretirementshow.com/taxes/

Social Security Benefits Guide: https://maxretirementshow.com/socialsecurity/

Will Your Money Last As Long As You Do Guide: https://sierensfinancialgroup.com/

Check us out on YouTube: https://www.youtube.com/channel/UCPhQ-u12d60Z0HNCwwVubdQ

You've saved up $2.5 million and you're wondering whether you can buy a vacation home or whether you should just do a long-term rental. Maybe you should just scratch the idea altogether. This is a conversation we have with clients and today's show is going to walk you through how we help determine if the vacation home is going to work with a hypothetical case study.

Here's some of what we discuss in this episode:

💵 Comparing buy vs. rent scenarios in retirement

📊 How large purchases affect long-term income and taxes

💬 Why your "retirement paycheck" must align with your goals

🧾 Is it smart to get a mortgage pre-retirement?

Company website: https://sierensfinancialgroup.com/

Podcast website and resources: https://maxretirementshow.com/

Phone: (847) 235-6989

Contact our team: [email protected]

Schedule your no-cost introductory call: https://sierensfinancialgroup.com/schedule-a-meeting/

Check us out on YouTube: https://www.youtube.com/channel/UCPhQ-u12d60Z0HNCwwVubdQ

We talk a lot about taxes because they're going to be a huge expense for you in retirement, which is why many people ask about Roth conversions. It's a strategy that could potentially save you money in retirement, but the truth is that Roth conversions aren't for everyone and could actually cost you money. In today's show, we'll walk you through the five reasons why it might not make sense for you to do a Roth conversion.

Here's some of what we discuss in this episode:

📊 Consider future tax rates and income projections before making the move

⏳ The timing of a conversion could make or break your strategy

💸 Understand the impact of RMDs and how they affect your retirement income

🧑‍⚖️ Medicare premiums can be higher if your conversion pushes you into a higher bracket

See the chart we discussed here: https://www.fidelity.com/learning-center/personal-finance/history-us-income-tax

Company website: https://sierensfinancialgroup.com/

Podcast website and resources: https://maxretirementshow.com/

Phone: (847) 235-6989

Contact our team: [email protected]

Schedule your no-cost introductory call: https://sierensfinancialgroup.com/schedule-a-meeting/

Join us for our next financial workshop: https://sierensfinancialgroup.com/

Check out our free guides:

Unlocking Hidden Tax Savings Guide: https://maxretirementshow.com/taxes/ 10:!8

Social Security Benefits Guide: https://maxretirementshow.com/socialsecurity/

Will Your Money Last As Long As You Do Guide: https://sierensfinancialgroup.com/

Check us out on YouTube: https://www.youtube.com/channel/UCPhQ-u12d60Z0HNCwwVubdQ

Once you reach your early 60s, you're in a window of time where the moves you make will drastically shape the next 30 or 40 years of your financial life and taxes. The right decisions can put you in a great position for retirement but the wrong decisions can leave you playing catch-up. In this video, we're going to walk you through the three most common (and costly) mistakes people make during this pivotal stage and tell you how to avoid them.

With rising costs for goods and services, it's vital to factor inflation into your financial strategy. Our retirement chart of the week provides insights into historical inflation rates, emphasizing the importance of having your investments structured for growth to maintain your lifestyle in retirement.

We'll close out the show with a listener question regarding how to manage a lump sum inheritance. The advice is simple: take your time to evaluate your options.

Here's some of what we discuss in this episode:

📉 Going too conservative too soon can kill long-term growth

🧾 Use tax strategies before RMDs and Medicare hit

🧠 Retirement age should be based on planning—not assumptions

💰 Inheritances require calm thinking and smart allocation strategy

Check out the chart we discussed: https://am.jpmorgan.com/us/en/asset-management/adv/insights/market-insights/guide-to-the-markets/

Want to get in touch?

Company website: https://sierensfinancialgroup.com/

Podcast website and resources: https://maxretirementshow.com/

Phone: (847) 235-6989

Contact our team: [email protected]

Schedule your no-cost introductory call: https://sierensfinancialgroup.com/schedule-a-meeting/

Join us for our next financial workshop: https://sierensfinancialgroup.com/

Check out our free guides:

Unlocking Hidden Tax Savings Guide: https://maxretirementshow.com/taxes/

Check us out on YouTube: https://www.youtube.com/channel/UCPhQ-u12d60Z0HNCwwVubdQ

Social Security is a key part of maximizing your retirement story. The decisions you make about when and how to claim it can have a big impact on how much you keep versus how much goes to the IRS. In today's show, we'll break down 3 common Social Security tax mistakes- some of which could cost you big- and how to avoid them.

Here's some of what we discuss in this episode:

0:00 – Intro

1:51 – Mistake 1: Believing Social Security Is Tax-Free

3:20 – Mistake 2: Not Planning For Medicare Impacts

4:12 – Mistake 3: Timing Social Security with Roth Conversions

7:12 – Retirement Chart Of The Week

9:49 – Diversification In Investing

10:30 – Listener Question

Periodic Table of Investment Returns

https://www.callan.com/periodic-table/

Want to get in touch?

Company website: https://sierensfinancialgroup.com/

Podcast website and resources: https://maxretirementshow.com/

Phone: (847) 235-6989

Contact our team: [email protected]

Schedule your no-cost introductory call: https://sierensfinancialgroup.com/schedule-a-meeting/

Join us for our next financial workshop: https://sierensfinancialgroup.com/

Check out our free guides:

Unlocking Hidden Tax Savings Guide: https://maxretirementshow.com/taxes/

Social Security Benefits Guide: https://maxretirementshow.com/socialsecurity/

Will Your Money Last As Long As You Do Guide: https://sierensfinancialgroup.com/

Check us out on YouTube: https://www.youtube.com/channel/UCPhQ-u12d60Z0HNCwwVubdQ

Facebook: https://www.facebook.com/SierensFinancial/

LinkedIn: https://www.linkedin.com/in/scott-sierens-sfg/

Are you prepared for hidden tax traps in retirement? Many retirees assume their tax rates will go down, but for those with significant savings, unexpected tax burdens could cost them thousands of dollars each year.

Today, Scott Sierens, CFP®, uncovers three major retirement tax traps that could push you into a higher tax bracket, increase your Medicare premiums, and reduce your Social Security benefits. We'll also address trending news about the potential elimination of taxes on Social Security benefits and answer a listener's question about the timing of claiming Social Security.

Here's some of what we discuss in this episode:

⚠️ RMD Shock – How required minimum distributions can spike your taxes

💰 Medicare IRMAA Surcharges – Why higher income can increase your healthcare costs

📉 Social Security Taxation – How much of your benefits could be taxed?

0:00 – What's coming up

2:10 – 1st Tax Trap

5:24 – 2nd Tax Trap

8:25 – Social Security in the news

12:34 – Listener question on SS claiming

Resources for this show:

https://money.usnews.com/money/retirement/articles/what-to-know-about-the-bill-to-repeal-social-security-taxes

https://budgetmodel.wharton.upenn.edu/issues/2025/2/10/eliminating-income-taxes-on-social-security-benefits

Want to get in touch?

Company website: https://sierensfinancialgroup.com/

Podcast website and resources: https://maxretirementshow.com/

Phone: (847) 235-6989

Contact our team: [email protected]

Schedule your no-cost introductory call: https://sierensfinancialgroup.com/schedule-a-meeting/

Join us for our next financial workshop: https://sierensfinancialgroup.com/

Check out our free guides:

Unlocking Hidden Tax Savings Guide: https://maxretirementshow.com/taxes/

Social Security Benefits Guide: https://maxretirementshow.com/socialsecurity/

Will Your Money Last As Long As You Do Guide: https://sierensfinancialgroup.com/

Check us out on YouTube: https://www.youtube.com/channel/UCPhQ-u12d60Z0HNCwwVubdQ

Facebook: https://www.facebook.com/SierensFinancial/

LinkedIn: https://www.linkedin.com/in/scott-sierens-sfg/

How much can you really spend in retirement without running out of money? In this debut episode of The Max Retirement Show, Scott breaks down the biggest retirement spending mistakes, why the 4% rule might not work for you, and how to create a dynamic spending plan that adapts to market conditions, taxes, and life changes.

Plus, Scott answers a listener question about annuities vs. brokerage accounts for legacy planning and shares his Retirement Chart of the Week, helping you navigate market volatility.

Here's what we discuss in this episode:

0:00 – Big updates and intro

2:25 – The 4% rule

4:11 – 3 Key Factors

8:28 – A smarter withdrawal strategy

10:55 – Chart of the week

13:22 – Listener question

Want to get in touch?

Company website: https://sierensfinancialgroup.com/

Podcast website and resources: https://maxretirementshow.com/

Phone: (847) 235-6989

Contact our team: [email protected]

Schedule your no-cost introductory call: https://sierensfinancialgroup.com/schedule-a-meeting/

Join us for our next financial workshop: https://sierensfinancialgroup.com/

Check out our free guides:

Unlocking Hidden Tax Savings Guide: https://maxretirementshow.com/taxes/

Social Security Benefits Guide: https://maxretirementshow.com/socialsecurity/

Will Your Money Last As Long As You Do Guide: https://sierensfinancialgroup.com/

Check us out on YouTube: https://www.youtube.com/channel/UCPhQ-u12d60Z0HNCwwVubdQ

Facebook: https://www.facebook.com/SierensFinancial/

LinkedIn: https://www.linkedin.com/in/scott-sierens-sfg/