What The Wealth Retirement Podcast

Your kids inherit your IRA and the rules don’t “wait until they’re ready.” The SECURE Act puts most non-spouse beneficiaries on a 10-year deadline, and that single change can turn a well-built retirement account into a forced tax event right when your children are earning the most. We dig into what the 10-year inherited IRA rule really means for traditional IRAs, 401(k)s, 403(b)s, and yes, inherited Roth IRAs too.

The part that surprises almost everyone: The taxes. When heirs pull money from an inherited traditional IRA, those withdrawals land as ordinary income on top of salary, often pushing them into higher tax brackets in their 40s and 50s. Then we shift to the years where you actually have leverage, the stretch between retirement and age 73 when required minimum distributions (RMDs) begin. That window can be prime time for Roth conversion planning, because your taxable income is often lower and you can choose how much to convert each year.

To make it real, we run a numbers-based story with David and Beth and an $800,000 traditional IRA. Converting strategically can mean a dramatically smaller total family tax bill, and it can also change what the account is allowed to become: a tax bill your kids rush to pay, or a decade of tax-free Roth growth they can let compound before withdrawing. If you care about retirement income, estate planning, and leaving a cleaner legacy, this conversation connects the dots.

🗓️ Meet with me: https://paradigmwealthpartners.com/begin-your-journey/#calendly
↔️ Connect with me on LinkedIn: https://www.linkedin.com/in/jbednarii/
🌐 Paradigm Wealth Partners (website) – Financial planning for career professionals who want to retire and stay retired: https://paradigmwealthpartners.com/
🌐 What the Wealth (website) – Adding clarity to difficult financial topics: https://whatthewealth.com/
▶️ YouTube: Paradigm Wealth Partners

If you or someone you care about could use the help of a financial advisor and sees the value in establishing a financial plan, please reach out to me. 

Thanks for Listening! 

Jonathan

Your Social Security check has a rank, and the “average benefit” doesn’t tell you where you actually stand. I’m using the latest 2026 Social Security Administration data to put real numbers around a question most retirees never answer: "What percentile is your monthly benefit compared to everyone else already collecting?"

We walk through the benefit ladder from bottom 10% to top 1%, including the dollar amounts that mark each tier. You’ll hear why $2,071 a month as the January 2026 average can be a misleading yardstick, why the median matters, and what it really means if you’re around $1,900, $3,200, $3,700, or $4,700+ per month. We also talk about the true ceiling for 2026 and why even high earners don’t automatically land at the top, since Social Security is progressive and your claiming decisions can override your income story.

Then we get practical. I break down the biggest levers that can move your Social Security benefit and your percentile: Delaying past full retirement age for roughly 8% per year in delayed retirement credits, making sure you understand how your highest 35 earning years are used (and how “zero years” can quietly drag you down), and coordinating benefits as a couple to protect spousal and survivor income. We also flag the earnings test, which can reduce benefits if you claim early and keep working above the limit.

If you want help running the numbers against your specific retirement plan, check the link below to schedule a call. 

🗓️ Meet with me: https://paradigmwealthpartners.com/begin-your-journey/#calendly
↔️ Connect with me on LinkedIn: https://www.linkedin.com/in/jbednarii/
🌐 Paradigm Wealth Partners (website) – Financial planning for career professionals who want to retire and stay retired: https://paradigmwealthpartners.com/
🌐 What the Wealth (website) – Adding clarity to difficult financial topics: https://whatthewealth.com/
▶️ YouTube: Paradigm Wealth Partners

If you or someone you care about could use the help of a financial advisor and sees the value in establishing a financial plan, please reach out to me. 

Thanks for Listening! 

Jonathan

A new 2026 tax deduction is about to create a lot of confusion for retirees and a lot of quiet disappointment at tax time. If you are married and both 65 or older, the new “senior bonus” can be worth up to about $12,000, stacked on top of the standard deduction and the additional age 65+ amount. That sounds like found money, but the real story is what happens when your income is higher than you expect once you combine Social Security, a pension, and withdrawals from retirement accounts.

We walk through the exact phaseout trap that starts for married couples at $150,000 of household income. Using a simple Mark and Diane example at roughly $200,000 of combined income, we discuss how the bonus gets reduced behind the scenes and why you may never see the full deduction you planned on. This is where retirement tax planning pays off: Coordinating withdrawals, Roth conversion timing, and taxable income so you understand the thresholds before you cross them.

We connect that same income to Medicare IRMAA. Medicare premiums use a two-year lookback, so a big RMD, a one-time gain, or a large Roth conversion can raise your Medicare bill two years later, long after you have forgotten what caused it. If you get hit with a surprise surcharge, we also explain why Form SSA-44 may help you request a recalculation based on current income.

If you want more guidance on tax planning, Medicare IRMAA, Roth conversions, and RMD strategy, subscribe, share this with someone nearing retirement, and leave a quick review so more people can find it.

🗓️ Meet with me: https://paradigmwealthpartners.com/begin-your-journey/#calendly
↔️ Connect with me on LinkedIn: https://www.linkedin.com/in/jbednarii/
🌐 Paradigm Wealth Partners (website) – Financial planning for career professionals who want to retire and stay retired: https://paradigmwealthpartners.com/
🌐 What the Wealth (website) – Adding clarity to difficult financial topics: https://whatthewealth.com/
▶️ YouTube: Paradigm Wealth Partners

If you or someone you care about could use the help of a financial advisor and sees the value in establishing a financial plan, please reach out to me. 

Thanks for Listening! 

Jonathan

You can do everything “right,” hit a big retirement number, and still find out you can’t afford to retire at 60. That’s the uncomfortable math behind Robert and Susan’s $1.6 million plan and it has nothing to do with under-saving. The real issue is where the money lives and how withdrawals show up on your tax return. When your nest egg is concentrated in a traditional 401k and IRA, the IRS takes a bite of every distribution as ordinary income, turning a simple spending goal into a much bigger tax problem than most people expect. 

Let's dig into the five-year gap before Medicare and why Affordable Care Act marketplace subsidies can vanish if your household income crosses a hard line. For a couple, going even $1 over the threshold can wipe out the subsidy completely, which can make health insurance dramatically more expensive right when you’re trying to keep retirement expenses predictable. If you’re planning early retirement, the way you sequence withdrawals matters as much as your investment returns. 

🗓️ Meet with me: https://paradigmwealthpartners.com/begin-your-journey/#calendly
↔️ Connect with me on LinkedIn: https://www.linkedin.com/in/jbednarii/
🌐 Paradigm Wealth Partners (website) – Financial planning for career professionals who want to retire and stay retired: https://paradigmwealthpartners.com/
🌐 What the Wealth (website) – Adding clarity to difficult financial topics: https://whatthewealth.com/
▶️ YouTube: Paradigm Wealth Partners

If you or someone you care about could use the help of a financial advisor and sees the value in establishing a financial plan, please reach out to me. 

Thanks for Listening! 

Jonathan

(Short episode) One small assumption can turn a routine Required Minimum Distribution (RMD) into an IRS penalty, and it happens to smart retirees all the time. We walk through the real-world RMD mistakes we see most often, using simple examples that make the rules stick without the jargon overload.

The “married filing jointly” trap: Why you still cannot satisfy two spouses’ IRA RMDs from one person’s account, even if the household withdraws the right total. Then we get practical about aggregation rules, because not every retirement account plays by the same combining logic. Traditional IRA RMDs can be aggregated across multiple IRAs, but 401(k) RMDs generally cannot. We also explain the 403(b) exception, and why mixing up IRA, 401(k), and 403(b) rules can create an accidental shortfall on the account you never touched.

We cover the rollover mistake that surprises people consolidating an old 401(k) into an IRA after reaching RMD age. RMDs cannot be rolled over, and skipping that step can lead to an excess IRA contribution and an ongoing penalty until it is fixed. If you care about retirement tax planning, RMD rules, and avoiding unnecessary IRS penalties, this is a quick listen that can save real money.

🗓️ Meet with me: https://paradigmwealthpartners.com/begin-your-journey/#calendly
↔️ Connect with me on LinkedIn: https://www.linkedin.com/in/jbednarii/
🌐 Paradigm Wealth Partners (website) – Financial planning for career professionals who want to retire and stay retired: https://paradigmwealthpartners.com/
🌐 What the Wealth (website) – Adding clarity to difficult financial topics: https://whatthewealth.com/
▶️ YouTube: Paradigm Wealth Partners

If you or someone you care about could use the help of a financial advisor and sees the value in establishing a financial plan, please reach out to me. 

Thanks for Listening! 

Jonathan

That “debt-free” feeling is powerful, but the number on your mortgage statement may not be the real price of paying it off. A retirement planning trap that catches a lot of homeowners: Using taxable IRA or 401(k) withdrawals to wipe out the loan, then realizing the tax bill turns a $300,000 payoff into something closer to $395,000. If you’ve been tempted to write a big check for peace of mind, this conversation helps you slow down and measure the full trade-off.

🗓️ Meet with me: https://paradigmwealthpartners.com/begin-your-journey/#calendly
↔️ Connect with me on LinkedIn: https://www.linkedin.com/in/jbednarii/
🌐 Paradigm Wealth Partners (website) – Financial planning for career professionals who want to retire and stay retired: https://paradigmwealthpartners.com/
🌐 What the Wealth (website) – Adding clarity to difficult financial topics: https://whatthewealth.com/
▶️ YouTube: Paradigm Wealth Partners

If you or someone you care about could use the help of a financial advisor and sees the value in establishing a financial plan, please reach out to me. 

Thanks for Listening! 

Jonathan

A simple fable can reveal a brutal truth about retirement: Sometimes the “plan” you’re chasing is the life you already have. We tell the story of The Fisherman and the Businessman to highlight one of the biggest mistakes we see in retirement planning and financial planning: Focusing on building the biggest pile of money instead of building the freedom to live the life you actually want.

🗓️ Meet with me: https://paradigmwealthpartners.com/begin-your-journey/#calendly
↔️ Connect with me on LinkedIn: https://www.linkedin.com/in/jbednarii/
🌐 Paradigm Wealth Partners (website) – Financial planning for career professionals who want to retire and stay retired: https://paradigmwealthpartners.com/
🌐 What the Wealth (website) – Adding clarity to difficult financial topics: https://whatthewealth.com/
▶️ YouTube: Paradigm Wealth Partners

If you or someone you care about could use the help of a financial advisor and sees the value in establishing a financial plan, please reach out to me. 

Thanks for Listening! 

Jonathan

A retirement plan can look flawless on paper and still feel wrong the moment real life changes. We start with Tom and Janet, a couple with a paid-off home, no debt, and a strong nest egg, who originally planned to work a few more years and claim Social Security at 67. The numbers checked out. The stress tests looked great. Then Janet hit burnout and gave herself two days to confirm whether walking away from work was actually possible.

What reshaped everything was time. After Tom’s father was diagnosed with a terminal illness and passed sooner than expected, Tom stopped thinking of retirement as a date and started thinking of it as a limited window of health, energy, and freedom. We walk through how that mindset shift changes the goal of retirement planning, from chasing the biggest possible portfolio to building a sustainable retirement income plan that supports a life you love.

In this episode I break down the key retirement planning levers in plain language: How their net worth and investable assets fund retirement, what a Monte Carlo probability of success really tells you, how retiring at 61 compares with waiting until 67, and how Social Security timing at 62 versus full retirement age affects the plan. We also discuss the practical realities people forget to model, like spending more in the early active years and covering healthcare costs before Medicare.

If you’re exploring early retirement, worried about running out of money, or stuck chasing “perfect” certainty, this conversation will help you think more clearly about tradeoffs and choices. 

🗓️ Meet with me: https://paradigmwealthpartners.com/begin-your-journey/#calendly
↔️ Connect with me on LinkedIn: https://www.linkedin.com/in/jbednarii/
🌐 Paradigm Wealth Partners (website) – Financial planning for career professionals who want to retire and stay retired: https://paradigmwealthpartners.com/
🌐 What the Wealth (website) – Adding clarity to difficult financial topics: https://whatthewealth.com/
▶️ YouTube: Paradigm Wealth Partners

If you or someone you care about could use the help of a financial advisor and sees the value in establishing a financial plan, please reach out to me. 

Thanks for Listening! 

Jonathan

Most people can name the “retirement age” in a second. But the number that quietly unlocks real flexibility for your 401(k), 403(b), and traditional IRA is 59.5 and missing it can keep you working years longer than you need to. We walk through why that milestone matters, what changes when the 10% early withdrawal penalty goes away, and how access to your retirement accounts can reshape the way you think about retirement timing.

We also challenge the habit of chasing a moving “retirement number.” Markets rise, inflation hits, headlines scare us, and the goalposts shift from $1 million to $2 million to “just one more year.” That mindset feels responsible, but it can ignore a risk you can’t diversify away: Time. We talk about why retirement planning should account for health, energy, and the seasons of spending that show up across retirement, not just a single safe withdrawal rule.

Then we get practical: why the 4% rule is a helpful guideline but not a life sentence, how Social Security timing can reduce how much your portfolio needs to produce, and what a realistic plan can look like for a couple who thinks they’re years away but may be much closer. We also hit the big worries that stop people from retiring earlier, like healthcare before Medicare at 65, mortgages, and family support and how running the numbers often turns “impossible” into “manageable.”

If this helps you rethink your timeline, subscribe, share it with someone who needs it, and leave a review so more people can find smarter retirement income planning. What age do you want your money to start buying your time back?

🗓️ Meet with me: https://paradigmwealthpartners.com/begin-your-journey/#calendly
↔️ Connect with me on LinkedIn: https://www.linkedin.com/in/jbednarii/
🌐 Paradigm Wealth Partners (website) – Financial planning for career professionals who want to retire and stay retired: https://paradigmwealthpartners.com/
🌐 What the Wealth (website) – Adding clarity to difficult financial topics: https://whatthewealth.com/
▶️ YouTube: Paradigm Wealth Partners

If you or someone you care about could use the help of a financial advisor and sees the value in establishing a financial plan, please reach out to me. 

Thanks for Listening! 

Jonathan

Retiring at 65 sounds safe until you look at one overlooked number: Healthy life expectancy. 

If the average American starts facing meaningful health limitations around the same age most people leave work, the biggest risk to your retirement might not be the market or your savings rate, it might be the shrinking window of time when you can actually do the things you dreamed about. That’s the wake-up call we dig into, along with what to do before “later” turns into “too late.”

We talk through the difference between being alive and truly living, using real retirement planning experience and global data to show why the United States lags other countries in healthy years. Then we get practical: how to treat health like a retirement account with simple, repeatable habits that protect mobility, independence, and confidence. Because a perfect financial plan on paper is meaningless if you can’t travel, carry luggage, play with grandkids, or enjoy everyday freedom.

On the money side, we challenge the drift of status quo planning and ask a question that changes everything: what would it take to retire at 55? That mindset exposes the levers that build financial independence, including spending less than you earn, avoiding lifestyle creep, protecting relationships, and building a portfolio that matches your real risk tolerance. We also unpack why asset allocation matters more than stock picking and how a written plan and steady guidance can keep you from panic decisions during market crashes.

If you want more healthy years with real choices, hit subscribe, share this with someone who keeps saying “someday,” and leave a review so more people can find it.

🗓️ Meet with me: https://paradigmwealthpartners.com/begin-your-journey/#calendly
↔️ Connect with me on LinkedIn: https://www.linkedin.com/in/jbednarii/
🌐 Paradigm Wealth Partners (website) – Financial planning for career professionals who want to retire and stay retired: https://paradigmwealthpartners.com/
🌐 What the Wealth (website) – Adding clarity to difficult financial topics: https://whatthewealth.com/
▶️ YouTube: Paradigm Wealth Partners

If you or someone you care about could use the help of a financial advisor and sees the value in establishing a financial plan, please reach out to me. 

Thanks for Listening! 

Jonathan