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Month: February 2025

Ep. 66: 7 Reasons Not To Convert Your IRA to Roth

One of the top concerns for the clients we serve is related to taxes in retirement.  They’ve worked hard to get to this point where they could even think about retiring, but then realize that the more they pay in taxes, the less money in their pocket to enjoy life and ultimately leave to their kids or beneficiaries.  
After all, the federal government has shown that they have been a pretty poor money manager, leading us to a $36T deficit and counting.

Naturally, deciding on whether or not to convert funds from a tax deferred IRA or 401k to a ROTH IRA is a big deal.  

In this episode, we’ll talk about 7 reasons you may want to delay, reduce, or even avoid Roth conversions altogether.  

As always, everyone’s situation is unique, so please consult with your own tax professionals before making any changes!  This is for educational purposes only.

I hope you find it helpful.
~ Kevin

Resources Mentioned:

Are you interested in working with me 1 on 1?⁠⁠⁠⁠⁠⁠⁠⁠ 

⁠⁠⁠⁠⁠⁠⁠⁠Click this link to fill out our Retirement Readiness Questionnaire

Connect with me here:

Or, ⁠⁠⁠⁠⁠⁠⁠⁠visit my website

This is for general education purposes only and should not be considered as tax, legal or investment advice.

Ep. 65: Tax Preparation is Not Tax Planning (w/ Roberto Fortuna)

Most people start to think about taxes right about now around the tax filing deadline.

They gather a bunch of documents, send them to their tax preparer, and mistakenly believe their tax preparer is going to come up with this MAGIC way to save a bunch of money on taxes.

Then they get ticked off because there is not much you can do in April to lower your tax bill.  

Finally, they get frustrated by the complexity of the tax code and call it a day…until next year, rinse and repeat.

So what they are failing to comprehend is that “TAX PREPARATION” is NOT “TAX PLANNING!”  

Tax Planning is ongoing, it doesn’t start and stop at the tax filing deadline.  And it’s about reducing your LIFETIME tax bill, not simply looking for a maximum tax refund year to year.  

 In this episode, we are going to talk about this concept of “Tax Planning” and what can you, PFR Nation, do to reframe your way of thinking about your taxes in your retirement journey.  

Then, we’re going to talk through some action items you still can take advantage of before tax time, as well as a few common misconceptions about our tax code.

And finally, we are going to talk about TAX PLANNING strategies for YOU, PFR Nation!

But first, I had to go on a brief rant about what is rattling the markets right now.  I’ll give you a hint: it has to do with DOGE.

Thanks for listening!
Kevin

⁠⁠⁠⁠Are you interested in working with me 1 on 1?⁠⁠⁠⁠⁠⁠⁠⁠ 

⁠⁠⁠⁠⁠⁠⁠⁠Click this link to fill out our Retirement Readiness Questionnaire


Connect with me here:

Or, ⁠⁠⁠⁠⁠⁠⁠⁠visit my website

This is for general education purposes only and should not be considered as tax, legal or investment advice.

Ep. 64: Warren Buffett Says To Do ‘This’ With Your Will

“Legacy is not about leaving something for people, it’s about leaving something behind IN people.”

— Peter Strople

Many retirees create estate plans with their attorneys.  They get a big binder with their documents, hopefully they update their beneficiaries,
retitle their assets to their trust, and then they throw that big binder in a safe and “tell their kids where it is.”

But they ignore the fact that some day those documents will be read by their beneficiaries, or, perhaps an ‘ex-beneficiary.’  

Warren Buffet has a different take on estate planning that we will dive into today.  

So, we’re going to dive into Warren Buffett’s annual ‘Thanksgiving Letter.’

Then, I’ll also discuss 3 potential reasons this might be hard for you.

And as a result, I’ll give you 5 tips to make it easier to at least get the ball rolling.

I hope you all find this episode helpful.  Make sure to follow along and share this with a friend/family member who would also find it useful.  

-Kevin

Resources Mentioned:

  • Warren Buffet advised on reviewing your will with adult children

Are you interested in working with me 1 on 1?⁠⁠⁠⁠⁠⁠⁠⁠ 

⁠⁠⁠⁠⁠⁠⁠⁠Click this link to fill out our Retirement Readiness Questionnaire

Connect with me here:

Or, ⁠⁠⁠⁠⁠⁠⁠⁠visit my website

This is for general education purposes only and should not be considered as tax, legal or investment advice.

Ep. 63: Retirees – Should You Give Yourself a Raise?

WELCOME to the OFFICIAL episode 63!  I was jumping ahead of myself last week when I thought I was recording 63, but in fact that was episode 62.

Las week we talked about cash flow and budgeting, and how that sets the framework for one of the core assumptions for your retirement planning.

Today, we are going to dive into how your cash flow needs impacts your rate of withdrawal,  and ultimately how you should be giving yourself “raises” in retirement.

We’ll walk through the revolutionary study by Bill Bengen and his 4% rule.  We’ll also walk through some of the downsides of the 4% rule, and ultimately how this dovetailed into Guyton and Klinger’s “Guardrail” study.  

We’ll walk through the 4 different “Decision Rules” from the Guardrail study which creates the framework of what a safe rate of withdrawal is for your retirement and ultimately when you should give yourself a raise from your investment portfolio.  

I’ll also touch on a couple of news stories that are relevant related to:

  1. DeepSeek and the selloff of Nvidia last week.
  2. Deferred Resignation Program (Federal Government’s buyout program) and how this impacts Federal employees.

I hope you enjoy this episode!  

If you are interested in working with us on your retirement income plan, start by filling out our Retirement Readiness Questionnaire linked below.  And make sure to check out our YouTube channel so you can follow along with our Whiteboard Fireside Chats and fun retirement meme videos 😊.

Are you interested in working with me 1 on 1?⁠⁠⁠⁠⁠⁠⁠⁠ 

⁠⁠⁠⁠⁠⁠⁠⁠Click this link to fill out our Retirement Readiness Questionnaire

Connect with me here:

Or, ⁠⁠⁠⁠⁠⁠⁠⁠visit my website

This is for general education purposes only and should not be considered as tax, legal or investment advice.

[email protected]
(904) 323-2069

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