There’s a group of Boomers facing their own “retirement crisis,” thanks to the Great Recession. New research shows the youngest Baby Boomers (born between 1960 and 1965) have significantly less wealth than older Boomers, because the recession hit during their peak earning years. For many, their savings never recovered, even though they were 15 years or more from retirement. 

On this episode, Jon reminds how this same thing could happen to any of us at any time, emphasizing the importance of working to secure your savings from the next recession.

Hear his ideas on ways to protect yourself from market downturns, create retirement securities despite future recessions, and options to help safeguard your income in retirement.

Don’t let future markets determine your future happiness. Visit RetirementSolutionRadio.com and start building your financial plan today!

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Are you paying millions more in taxes than you need to?

On this episode, Jon’s talks about the hidden tax trap that may be lurking in your retirement accounts. We also discuss how the IRS won’t give you tax advice, but often your financial advisor won’t either.

So, who can you turn to for ideas on tax strategies? 

Jon shares how you may be able to save thousands in taxes (even while you're still working), moves to convert IRAs to Roth IRAs tax-efficiently, and ideas to help avoid common tax mistakes while working to maximize your retirement income.

Take action against the taxman! Visit RetirementSolutionRadio.com and start planning your tax-smart retirement today.

See omnystudio.com/listener for privacy information.

Next time you check out of a hotel, double check your receipt first!

Some hotel chains are now charging a “parking fee” to guests, even if they’re not parking a car.

On this episode, Jon exposes the common hidden fees in mutual funds, how fee structure changes can happen in your 401(k) without you knowing, while also offering ideas on better-performing options.

Learn about:

• How "transparent" fees can still cost you thousands.

• Truths about 401K fees (and when it may be better to go solo).

• Exchange-Traded Funds (ETFs): That may have lower fees and better performance.

Don't let sneaky fees drain your accounts. Visit RetirementSolutionRadio.com and set a time for a fee Xray on your retirement savings.

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Many are confused about how much you need to retire. Recently, Shark Tank’s Kevin O’Leary said that number is $5 Million!

On this episode, Jon Hicks explains why you should forget the unrealistic "magic number" and turn your focus towards strategies to generate income in retirement.

We discuss why a “one-size-fits-all approach” often does not work, alternative income-generating strategies to help protect your principal and fight inflation and why, at J Hagan Capital, they believe in front-loading retirement plans to help maximize enjoyment in the early years.

Stop worrying about a specific number. Visit RetirementSolutionRadio.com and start building your retirement income plan

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Many are sick of feeling trapped by high taxes, particularly California residents. Which explains why the state has lost over 750 thousand residents over the last three years. The oppressive state tax rate of 13.3% has folks packing up and headed for states like Florida, Texas and Tennessee which have no state income tax. 

But if moving is not one of your retirement goals, at J Hagan Capital they can show you alternate solutions that could work within your plan.

On this episode, Jon Hicks discusses practical tax-saving techniques for those with substantial incomes, small business owners, and those investment properties.

If you’re seeking tailored tax mitigation strategies, connect at RetirementSolutionRadio.com to learn what your options might be.

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Owning a business is a passion project. So, what happens when you want to retire?

In this episode, Jon explores the challenges and emotional nuances that come with considering an exit strategy.

Drawing from personal experience as a small business owner himself, Jon’s speaks about the shift in mindset required when transitioning from the hustle of running a business to the prospect of retirement.

Learn why having a sellable business is crucial and how to assess its true value. Jon also dives into the economic climate, emphasizing the urgency for small business owners to evaluate their options amid the retirement boom.

Whether you're considering selling, passing on to the next generation, or creating your exit plan, at J Hagan Capital,  they can show you options to create a smooth transition into retirement. Connect at RetirementSolutionRadio.com.

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The W-2 statements you’re getting serve as a reminder that it’s tax season. And if you took advantage of higher interest rates on CDs, money-market funds, and certain bonds in 2023, there’s another statement you’ll see – a 1099-INT – the ‘INT’ stands for interest income… Yes, you have to pay taxes on that money, proving that the 5% you earned isn’t really 5%. 

On this episode, financial advisor Jon Hicks discusses the realities of our tax burdens sharing ideas on ways you may be able to “do better” with your investments now, in effort to reduce your obligations later. Learn more about the impact of ordinary income on your investments, from CDs to money market funds. Discover why municipal bonds and other tax-efficient strategies could help maximize your returns.

If you're tired of the tax surprises, go to  RetirementSolutionRadio.com  and begin the conversation about actionable insights to help optimize your financial strategy.

See omnystudio.com/listener for privacy information.

In the golfing world, a “mulligan” is a do-over.  But the ability to have a second chance in your retirement may not be so easy.

On this episode, financial advisor Jon Hicks shares the 5 crucial strategies they believe everyone needs to live out a comfortable retirement, even when things don't go according to plan.

Learn about protecting your retirement investments from market swings, boosting income potential, minimizing taxes, legacy and healthcare planning.

Avoid “do-overs” in your retirement. Visit RetirementSolutionRadio.com  to learn more about navigating the course with more confidence.

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On this episode, financial advisor Jon Hicks uses Shohei Ohtani’s landmark deal with the LA Dodgers to highlight the smart financial moves you can make to help better secure your future.

 

Jon breaks down steps for individuals, small business owners, and professionals to help maximize savings and create a tax-smart financial strategy. Discover insights on tax-efficient planning and how understanding the tax code can be a game-changer.

 

Learn how keeping more of what you've earned could be the key to your financial success.

Visit RetirementSolutionRadio.com to connect with Jon and his team at J Hagan Capital.

See omnystudio.com/listener for privacy information.

The stock market was up 8% in November. Some economists say it’s based on hope that interest rates will finally come down next year, but others argue that the market can keep going even with higher interest rates.

 

On this episode, we hear from economist Ken Polcari who challenges the need for rate cuts, saying a 5% rate is sustainable. Drawing on personal experiences and historical mortgage rates, Jon paints a vivid picture of the market's resilience and the potential impact of fluctuating interest rates on investments.

 

He continues by highlighting current alternatives thanks to higher interest rates. Options like insured indexing and principal protected notes are providing investors more options for diversification.

 

Connect with Jon and his team at J Hagan Capital to learn ideas on combining historical wisdom with modern financial opportunities in your own plan.

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