Your Money Your Retirement Podcast

We're faced with questions every day. What's for dinner? When's the meeting? How was your day? These are questions that are, or should be, easy to answer, but when you're starting to consider retirement, the questions can get a lot more complicated.

With a lot of uncertainty about where taxes are headed, more and more people are taking a serious look at Roth conversions. The idea of moving money out of a traditional IRA into a Roth, paying taxes now so withdrawals can be tax-free later, makes sense on paper. But then they see the tax bill that comes with it, and many of them stop right there.

Today we are discussing the benefits of long-term planning instead of speculative trading. As we talk about planning over frequent trading, don't get us wrong, we are not anti-tech. We'll talk about how AI is something helping you with the planning process, not replacing your role.

It's not what you make, it's what you keep that counts. As you start to think about your finances and retirement, have you ever considered this? Some say 'it's less about the number of dollars you've saved and more about the strategies you use with your savings.

Most people spend their entire working lives looking forward to retirement as a time when things finally get simpler, including the tax bill. So when I tell you that for many retirees, taxes often get more complicated and can actually go up after they stop working, that's hard to believe.

Most people spend decades learning how to save for retirement — maxing out their 401k, watching their balance grow. But there's almost no education about the next chapter: turning that balance into income.

Many people think of retirement as a destination, you work hard, you save, you arrive. But for millions of women, retirement isn't a destination. It's a marathon that could run 30, even 35 years and the plan many of them have might, not last that long.

Divorce later in life can have a lasting impact on your financial future. New research finds that more than 60% of Americans who divorce after age 50 say it delays their retirement and that's only part of the financial fallout. Nearly 70% take on new debt, often ranging from $25,000 to $50,000. For many, starting over after 50 doesn't just mean rebuilding a life, it means rebuilding a retirement plan, too.

We're faced with questions every day. What's for dinner? When's the meeting? How was your day? These are questions that are, or should be easy to answer, but when you're starting to consider retirement, the questions can get a lot more complicated.

Many people spend decades building their retirement nest egg, only to discover that having substantial savings isn't enough. Just like a beautiful house needs a strong foundation to withstand storms, your retirement plan needs proper structuring to help preserve against the challenges ahead.