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Category: Podcast

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.

Ep. 62: ‘Save More Money’ = Top New Year’s Resolution for 2025

Hello PFR Nation,

Welcome to the official kickstart of our show going weekly!  Yes, we switched the day of the week to Tuesday.  I will also be continuing the weekly “Fireside Chats” on YouTube, and those will be released weekly on Thursdays.  

For this episode, I wanted to chat with you all about a core financial planning topic that I haven’t discussed enough. BUDGETING.

For some of you, that may feel like a 4-letter-word.  For others, it’s music to your ears.  

I’ll highlight why tracking cash flow and having a budget will be the foundation to designing your retirement projections.

I’ll also explain 4 popular budgeting frameworks to get you started.

And finally, I’ll discuss a few things to be aware of and think through as you create your budget for retirement.  

I hope you find this one helpful!  And as always, please be sure to follow our show and give us that 5-star review if you find value in our content.  Thank you!

-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. 61: Benefits of ‘Working’ in Retirement (w/ Roberto Fortuna)

PFR Nation,

I am very excited to have one of our very own, Roberto Fortuna, on to the show this week!  We are going to discuss the benefits of ‘Working’ in retirement.  But, when we say ‘Working’ we just mean having purpose in retirement.  Whether that is part time work, volunteering, starting a consulting business, or just being Grammy and Grandpa!  Whatever it is that is going to give you purpose in retirement, you should do more of!  

For those of you who don’t know, Roberto joined my financial planning firm last May.  Yes, I do this for a living and I’m not a ‘professional podcaster!  Roberto is a big part of our financial planning process, but he’s also a retired firefighter!  Yes, he’s the youngest looking retiree in America, I know.
Anyhow, I thought he could bring a unique perspective to this topic, plus I always enjoy my chats with Roberto and thought you would enjoy his cool,
calm and collected perspective on retirement, his journey to find purpose, taxes, and of course a fun story about how we joined forces.  

I hope you all find value in this one.  If you do, make sure to give our show a follow and leave that 5-star review.  It helps “pump the algorithm” in our
favor so we can reach and impact more people.  

Also, make sure to check out our YouTube channel as we post the video form of our podcast in addition to weekly videos on retirement related topics.
We’ll link it in the notes below.  We’ll be seeing you every week on the PFR Podcast very soon!  😊 

-Kevin 

Resources mentioned:

  • Questions for a Purposeful and Successful Retirement

Connect with me here:

⁠⁠⁠⁠⁠Are you interested in working with me 1 on 1?⁠⁠⁠⁠⁠⁠⁠⁠ 

⁠⁠⁠⁠⁠⁠⁠⁠Click this link to fill out our Retirement Readiness Questionnaire

Or, ⁠⁠⁠⁠⁠⁠⁠⁠visit my website

Ep. 60: 5 Things to Watch in the Markets for 2025

Happy 2025 everyone!  First let me say, this is NOT a market prediction episode!  They are always wrong.  However, I do believe that many of you who are recently retired or approaching retirement will be interested in this episode.  I put together a list of 5 things the market is looking for in 2025 that will impact both the stock and bond market.  Additionally, I have 5 key takeaways for you to help you improve the success of your retirement plans.  

Make sure to follow our show if you are over 50 and have accumulated at least $1million for retirement or are pretty darn close (you are considered “PFR Nation”).  I am confident you will find value in what we are doing here.  

And lastly, make sure to share our show with a friend or family member who is also “PFR Nation” caliber.  

I hope you enjoy it!

Kevin

Resources mentioned:

Connect with me here:

⁠⁠⁠⁠⁠Are you interested in working with me 1 on 1?⁠⁠⁠⁠⁠⁠⁠⁠ 

⁠⁠⁠⁠⁠⁠⁠⁠Click this link to fill out our Retirement Readiness Questionnaire

Or, ⁠⁠⁠⁠⁠⁠⁠⁠visit my website

 

Ep. 59: We’ve Been Retired for 8 Years, How Are Things Going? ‘Whiteboard Retirement Plan’ Vol 3 Ft. Sonny and Cher

PFR Nation,

It’s hard to believe we are wrapping up 2024!  I hope everyone is having a wonderful holiday season with their loved ones!  

This is Volume 3 of the “Whiteboard Retirement Plan” edition of the podcast.  The numbers don’t lie, Volume’s 1 and 2 were among the top downloaded episodes for 2024.  I will continue to do the Whiteboard Retirement Plan breakdowns every 4 or 5 episodes or so.  I don’t want to overplay it, so I’ll track the data to ensure you are still finding value in that content.

If you want to be FEATURED in a Whiteboard Retirement Plan breakdown, you can fill out the Retirement Readiness Survey which is linked at the end of the show notes.  There is a question that asks, “How do you want to engage with us?”  One of the responses is the Whiteboard Retirement Plan on YouTube, so check that box.  That is also the questionnaire you would fill out if you are interested in hiring our firm in 2025.  Based on our current capacity, I see about 8 new client slots will be available for us to bring on in 2025.  So, I would highly recommend acting soon if you’ve been thinking about engaging with us.  

With all of that out of the way, I hope you find value in this episode!  I think there is a lot to learn from “Sonny and Cher’s” breakdown related to:

  • Part time work
  • Delaying Social Security
  • Spousal Social Security
  • Spending phases (Go Go Years, Slow Go Years, No Go Years)
  • Rates of withdrawal
  • Investment returns related to a “Balanced Portfolio”
  • Process of withdrawals during a down market
  • Downsizing in retirement

And more!

If you are 50+ and have accumulated over $1mm for retirement, you will probably want to follow/subscribe to the show as I am sure you will find some value in the content we put out.

And with that, I am signing off for 2024!   Wishing you a Healthy, Happy, and Prosperous 2025!

-Kevin

Connect with me here:

⁠⁠⁠⁠⁠Are you interested in working with me 1 on 1?⁠⁠⁠⁠⁠⁠⁠⁠ 

⁠⁠⁠⁠⁠⁠⁠⁠Click this link to fill out our Retirement Readiness Questionnaire

Or, ⁠⁠⁠⁠⁠⁠⁠⁠visit my website



Ep. 58: Let’s Ask ‘Chat GPT’ When You Should Hire a Financial Advisor!

PFR Nation…you’re somewhere in the ballpark of 50-60+ and you’ve gotten to the point where you feel you are on the verge of achieving financial independence.  Congratulations!!  All of that hard work and sacrifice pays off in the end.  

I wanted to make an episode about when I thought it made sense to hire a financial advisor, and more specifically a financial advisor who specializes in retirement planning.  However, I realized how BIASED I am personally on this topic 😊!

Naturally, I decided to go to the most objective source possible, Chat GPT.  For those who don’t know, Chat GPT is the Godfather of Artificial Intelligence and is owned by “OpenAI.”  

I created a new chat with the following prompt:

“I’m doing my next podcast for folks in the 50 to 60 range that have saved diligently for retirement. I want to explain when and why they should really consider hiring a financial planner.  Also, I want to tell them HOW to find a financial advisor that specializes in working with them.”

So, without further ado, I hope you enjoy this episode.  

P.S.

I talked about WHERE I would go to find the “Right” financial advisor on the show, but I did not get into the details.  I said I would create a short list of resources to use in your find an advisor search, so I decided to make a PDF for you all.  I hope it helps! CLICK HERE to view the PDF.

-Kevin 

Connect with me here:

⁠⁠⁠⁠⁠Are you interested in working with me 1 on 1?⁠⁠⁠⁠⁠⁠⁠⁠ 

⁠⁠⁠⁠⁠⁠⁠⁠Click this link to fill out our Retirement Readiness Questionnaire⁠⁠⁠⁠⁠⁠⁠⁠

Or, ⁠⁠⁠⁠⁠⁠⁠⁠visit my website

 

Ep. 57: End of Year Tax Planning Opportunities

Happy Thanksgiving, PFR Nation!

What a ride 2024 has been.  You all were a HUGE part in making this year so exciting.  Listen, it’s a lonely business that I chose…being a rogue financial planner in the independent space.  However, I wouldn’t trade it for the world. 

Given it is the season of gratitude, of course I want to give a shoutout to my team!  Zack, The Podcast Man.  Amy, our Client Services Associate.
 Mason, my shorts/social media editor.  And of course, Roberto, the backbone of our financial planning process.  I could not do what I do without all of you, and I just want to thank you for the impact you are making on the families we serve.  

So, It is the end of another year, it’s hard to believe.  For our practice, this is when we do a our end of year tax planning.  We are not only looking at opportunities for 2024, but opportunities in 2025 and beyond.  Given we are firmly planted in our tax planning season, I thought I’d share some tips and tricks for you to consider in your own retirement planning journey.  

I hope this helps.  My only ask is that you share this with a friend or family member who is “PFR Nation” caliber as I can guarantee they will also find value
in our content.  Much appreciated!

-Kevin 

Resources:

  • Whiteboard Fireside Chat playlist

Connect with me here:

  • ⁠⁠⁠⁠⁠⁠⁠Facebook⁠⁠⁠⁠⁠⁠⁠⁠

⁠⁠⁠⁠Are you interested in working with me 1 on 1?⁠⁠⁠⁠⁠⁠⁠ 

⁠⁠⁠⁠⁠⁠⁠Click this link to fill out our Retirement Readiness Questionnaire⁠⁠⁠⁠⁠⁠⁠

Or, ⁠⁠⁠⁠⁠⁠⁠visit my website

Ep. 56: Aging in Place w/Michael Levine

I’m excited for this episode, as we have a real-life retiree, Michael Levine, who successfully owned and sold a home healthcare business.  Michael spent the beginning of his career in accounting until he and his wife started their company over a decade ago.  His knowledge in the home health care space in addition to maximizing the benefits of long-term care insurance is going to be extremely valuable to all of you who are planning for your own retirement as well as caring for aging parents.

Some of the topics we’ll touch on are:

  • Why homecare?  
  • Homecare vs. Medicare
  • Hiring a home care company vs. privately
  • How does Long-term care insurance fit into Home health care?  
  • Cost of care, how to decide how much LTCi to buy?
  • Maximizing your LTC policy
  • What if you don’t have LTC…and what if our clients are stepping in to care for aging parents

I hope you enjoy this one and make sure to share it with a friend or family member who would benefit from this content.

-Kevin 

Resources:

  • Deducting your Long-term Care Insurance premiums
  • Download your free PDF on What questions to ask about your long-term care insurance policy

Connect with me here:

  • ⁠⁠⁠⁠⁠⁠Join My Company Newsletter⁠⁠⁠⁠⁠⁠
  • ⁠⁠⁠⁠⁠⁠⁠Instagram⁠⁠⁠⁠⁠

⁠⁠⁠Are you interested in working with me 1 on 1?⁠⁠⁠⁠⁠⁠ 

⁠⁠⁠⁠⁠⁠Click this link to fill out our Retirement Readiness Survey⁠⁠⁠⁠⁠⁠

Or, ⁠⁠⁠⁠⁠⁠visit my website

Ep. 55: Trump vs. Harris on Taxes

Full disclosure, many of these proposals will never come to fruition.  However, it is election time, so why not have some fun with this?

I spent a lot of time digging into each candidate’s tax proposals, as well as the potential impact to you, PFR Nation.

Let me be clear, this is not an endorsement for either candidate, nor is it a recommendation to make changes based on these hypothetical proposals.  

However, tax changes will inevitably impact all of us, so it’s important to understand what each candidate is proposing.  Furthermore, I would note that I am not going to vote solely based on tax proposals, but it’s a pretty big deal to me personally and professionally.  

The topics I’ll hit on are in regards to:

  • Business Taxes/Corporate Taxes
  • Capital Gains and Dividends
  • Credits, Deductions, Exemptions
  • Estate and Wealth Taxes
  • Excise Taxes
  • Individual Income taxes
  • Social Security and Medicare
  • Tariffs and Trade

I recognize there are MANY more tax proposals in the mix, but I wanted to focus on the ones that will impact PFR Nation the most.  

So, without further ado, I hope you enjoy this episode.  

Kevin

Resources Mentioned:

  • Tracking 2024 Presidential Tax Plans
  • Tariff Tracker: Tracking the Economic Impact of the Trump-Biden Tariffs
  • Why the Economic Effects of Taxes (Including Tariffs) Matter
  • The Unpleasant Arithmetic of Kamala Harris’s Housing Plan
  • Congressional Budget Office Shows 2017 Tax Law Reduced Tax Rates Across the Board in 2018
  • Who Bears the Burden of the Corporate Income Tax?
  • No Tax on Tips: An Answer in Search of a Question
  • Neighbor to Neighbor Disaster Relief Fund

Connect with me here:

  • ⁠⁠⁠⁠⁠YouTube⁠⁠⁠⁠⁠
  • ⁠⁠⁠⁠⁠Join My Company Newsletter⁠⁠⁠⁠⁠

⁠⁠Are you interested in working with me 1 on 1?⁠⁠⁠⁠⁠

Click this link to fill out our Retirement Readiness Survey⁠⁠⁠

Or, ⁠⁠⁠visit my website

 

Ep. 54: Behavioral Biases Against Annuities and How They Harm Everyday Retirees (w/ Sheryl Moore and Tracy Lownsberry)

Annuities have become the four-letter word of retirement planning products.  However, is this warranted?  When should annuities be positioned in a well-diversified retirement income plan?   How do you ensure you aren’t being taken advantage of by an agent who doesn’t have your best interests?  

In this next edition of The PFR Podcast, I host annuity experts Sheryl Moore and Tacy Lownesberry to discuss this notorious retirement product and attempt to reduce the stigma associated with annuities.  

Why do this? 

Well, I personally do not sell annuities…nor do I receive any compensation from annuity agents or their providers.  However, I see the value when they are in fact a good fit, but oftentimes preconceived biases against the product prevent right-fit clients from purchasing them.  

I hope you all enjoy this episode.  And thank you Sheryl and Tracy for joining to share your insights.  

-Kevin 

Resources Mentioned:

  • Life and Annuity Illustrations Confuse Clients, Advisor Tells Regulators
  • Annuities are key to retirement. So why are so few of us buying them?
  • Sheryl on LinkedIn
  • Tracy on LinkedIn

Connect with me here:

  • ⁠⁠⁠⁠Join My Company Newsletter⁠⁠⁠⁠

⁠Are you interested in working with me 1 on 1?⁠⁠⁠⁠ 

⁠⁠⁠⁠Click this link to fill out our Retirement Readiness Survey⁠⁠⁠⁠

Or, ⁠⁠⁠⁠visit my website

[email protected]
(904) 323-2069

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