Sound Retirement Radio

We made it. Following today's podcast, I am excited to announce that all 13 chapters of my latest book have been recorded and released as a free podcast exclusively for you, our listening community. Soon we will be releasing the audiobook. If you listen to, or read the entire book you will notice that it starts with a basic framework for a comprehensive retirement financial plan and each chapter builds on the next. I sure appreciate the opportunity to teach you the concepts, ideas and strategies that will help you have an amazing retirement. We have some incredible things scheduled for 2024. Having surpassed 1 million podcast downloads and with thousands of individuals utilizing our retirement budget calculator, we are expanding our team at Parker Financial, to provide even greater assistance to individuals seeking investment management and retirement planning in 2024. Our aim is to empower more people than ever before. It's going to be an amazing year. As we approach Thanksgiving, I just want to let you know

In this podcast episode, I will provide compelling reasons for you to seriously consider the benefits of hiring a financial advisor. Why it is important to avoid high fees and commissions. To comprehend the potential value that advisors can offer, we examine studies conducted by Canada, Vanguard, Morningstar, and Envestnet PMC. Hiring a financial advisor can bring peace of mind, as it helps us uncover the unknowns we didn't even realize existed. Hiring a financial advisor can provide valuable assistance in various aspects of your financial planning. They can help you create a comprehensive retirement plan, guide you in asset allocation and risk management, assist with investment management, cash-flow planning, and income sourcing. Additionally, they can offer expertise in tax planning, charitable giving strategies, and estate planning concepts. A financial advisor can also provide behavioral coaching to help you make informed decisions. After listening to today's podcast, I hope that many of you will consider

In today's podcast, you are going to learn about Medicare. Medicare is a comprehensive health insurance program that becomes available to most individuals when they reach the age of 65. We cover topics such as, What are the different parts of Medicare, when should you enroll? How much should you budget for Medicare? Insurance often stands out as the most significant expense for those who have successfully paid off their mortgage. Medicare is a good deal once you turn 65 and you will want to make the most of it. The Retirement Budget Calculator is an intuitive tool that promises ease and accuracy. However, like any tool, user error could potentially lead to costly mistakes. To avoid this, let the experienced advisors at Parker Financial LLC guide you. When you hire our team, we offer a comprehensive review of your current investments, taxes, and the data in the Retirement Budget Calculator. We will ensure your plan's completeness and accuracy, helping you create an investment strategy, assist with tax planning

In today's podcast, we are going to explore Rebalancing. We will look at investment portfolio construction, how rebalancing is implemented and when you should consider doing the rebalancing. When you are getting ready to retire you will begin to think more about how your investments can generate cash flow and you will likely feel the need to reduce volatility when you begin taking portfolio withdrawals. Rebalancing serves primarily as a risk mitigation tool rather than a means of maximizing returns. According to a paper by Vanguard, "rebalancing tends to increase a portfolio's Sharpe ratio, improving risk-adjusted returns". The Retirement Budget Calculator is an intuitive tool that promises ease and accuracy. However, like any tool, user error could potentially lead to costly mistakes. To avoid this, let the experienced advisors at Parker Financial LLC guide you. When you hire our team, we offer a comprehensive review of your current investments, taxes, and the data in the Retirement Budget Calculator. We wil

In Chapter 9, we delve into the importance of asset allocation and the pursuit of higher expected returns using academic research to inform our investing strategy. The Retirement Budget Calculator is an intuitive tool that promises ease and accuracy. However, like any tool, user error could potentially lead to costly mistakes. To avoid this, let the experienced advisors at Parker Financial LLC guide you. When you hire our team, we offer a comprehensive review of your current investments, taxes, and the data in the Retirement Budget Calculator. We will ensure your plan's completeness and accuracy, helping you create an investment strategy, assist with tax planning, and monitor your plan to maximize your retirement benefits. At Parker Financial we offer a well-crafted retirement investment strategy, deeply rooted in academic data and financial science which can be the key to a prosperous retirement. Don't leave your future to chance. Take the first step towards a sound retirement. Schedule your complimentary di

In Chapter 8, we dive into investing strategies. I spend the first couple of pages of this chapter talking about diversification of your money across time segments, often called buckets. Since the publication of this book I have completed some additional back testing of a bucket strategy using a bucket simulator that one of our RBC community members developed and which you have access to. One of the things I was attempting to do in the buckets backtest was to simplify buckets by spending them sequentially rather than having refill rules. In this chapter I discuss bucket refills but after doing additional research on spending sequentially I don't think the refill rules are necessary. When you watch the video you will see that this approach of diversification works very well when compared with a 60/40 stock bond mix that is rebalanced each year. At least it works really well in the context of history. As I often remind the people we serve. History is a guide, but past performance is no guarantee of future resul

In Chapter 7, we dive into retirement withdrawal strategies. We will look at the 4% withdrawal rule, the buckets strategy (which is similar to the barbel strategy), Dynamic withdrawals, the RMD rule, Spending floors, only spending dividends and interest and never touching the principal. There are pros and cons to each of these strategies but at the end of the day you will need to pick the strategy that makes the most sense for you. The Retirement Budget Calculator is an intuitive tool that promises ease and accuracy. However, like any tool, user error could potentially lead to costly mistakes. To avoid this, let the experienced advisors at Parker Financial LLC guide you. When you hire our team, we offer a comprehensive review of your current investments, taxes, and the data in the Retirement Budget Calculator. We will ensure your plan's completeness and accuracy, helping you create an investment strategy, assist with tax planning, and monitor your plan to maximize your retirement benefits. At Parker Financial

In Chapter 6, we dive into the crucial decision of when to start claiming social security benefits. For many individuals, this choice can determine whether they have sufficient funds for retirement or face financial challenges later on. Implementing an effective social security claiming strategy can potentially result in an additional $50,000 to $100,000 of lifetime income. For many people social security is the only guaranteed income they will have in retirement. It is prudent to dedicate time to analyzing the numbers rather than relying on the opinionated individuals on social media platforms like Facebook. With years of research and expertise in this field, I will provide you with valuable insights in this chapter. For more comprehensive information on social security, please visit Sound Retirement Planning.com and search for Social Security. The Retirement Budget Calculator is an intuitive tool that promises ease and accuracy. However, like any tool, user error could potentially lead to costly mistakes. T

This special episode because I wanted to address some of the concerns we are hearing from people regarding stock market volatility and some of the news headlines. The title of this episode is "Down But Not Out". The Retirement Budget Calculator is an intuitive tool that promises ease and accuracy. However, like any tool, user error could potentially lead to costly mistakes. To avoid this, let the experienced advisors at Parker Financial LLC guide you. When you hire our team, we offer a comprehensive review of your current investments, taxes, and the data in the Retirement Budget Calculator. We will ensure your plan's completeness and accuracy, helping you create an investment strategy, assist with tax planning, and monitor your plan to maximize your retirement benefits. At Parker Financial we offer a well-crafted retirement investment strategy, deeply rooted in academic data and financial science which can be the key to a prosperous retirement. Don't leave your future to chance. Take the first step towards a

How much money do you need to retire? What impact will inflation have on your retirement? When should you start social security? How long will your money last? These are the topics I cover in my book and as we prepare to launch the audio version of the book I am giving you one chapter per week as a podcast episode. In episode 409, we delve into the crucial topic of retirement spending. Understanding your expenses plays a vital role in determining if your savings are sufficient. Unfortunately, many individuals preparing for retirement make a common error by solely focusing on their savings and investment strategies, while neglecting to allocate ample time towards understanding their spending patterns. To foster confidence as you approach retirement, it is paramount to prioritize the most crucial figure of all: your retirement spending.

How long does your money need to last?  In this chapter I discuss longevity and some of the tools you can use to estimate your life expectancy.  Click here for a video on how to use the Society of Actuaries Longevity Calculator. The Retirement Budget Calculator is an intuitive tool that promises ease and accuracy. However, like any tool, user error could potentially lead to costly mistakes. To avoid this, let the experienced advisors at Parker Financial LLC guide you. When you hire our team, we offer a comprehensive review of your current investments, taxes, and the data in the Retirement Budget Calculator. We will ensure your plan's completeness and accuracy, helping you create an investment strategy, assist with tax planning, and monitor your plan to maximize your retirement benefits. At Parker Financial we offer a well-crafted retirement investment strategy, deeply rooted in academic data and financial science which can be the key to a prosperous retirement. Don't leave your future to chance. Take the fir

I'm excited to announce the upcoming release of the audio version of my book, "Retirement Calculator: How much money do I need to retire?". As a token of appreciation to our podcast listeners, I'll be unveiling one chapter per week as a podcast episode. In essence, over the course of the next 13 weeks, you'll have the opportunity to enjoy the entire audiobook completely free of charge. The Retirement Budget Calculator is an intuitive tool that promises ease and accuracy. However, like any tool, user error could potentially lead to costly mistakes. To avoid this, let the experienced advisors at Parker Financial LLC guide you. When you hire our team, we offer a comprehensive review of your current investments, taxes, and the data in the Retirement Budget Calculator. We will ensure your plan's completeness and accuracy, helping you create an investment strategy, assist with tax planning, and monitor your plan to maximize your retirement benefits. At Parker Financial we offer a well-crafted retirement investment

I'm excited to announce the upcoming release of the audio version of my book, "Retirement Calculator: How much money do I need to retire?". As a token of appreciation to our podcast listeners, I'll be unveiling one chapter per week as a podcast episode. In essence, over the course of the next 13 weeks, you'll have the opportunity to enjoy the entire audiobook completely free of charge. Be sure to visit SoundRetirementPlanning.com and click on episode #406 for articles, links and resources mentioned in todays show. The Retirement Budget Calculator is an intuitive tool that promises ease and accuracy. However, like any tool, user error could potentially lead to costly mistakes. To avoid this, let the experienced advisors at Parker Financial LLC guide you. When you hire our team, we offer a comprehensive review of your current investments, taxes, and the data in the Retirement Budget Calculator. We will ensure your plan's completeness and accuracy, helping you create an investment strategy, assist with tax plann

I'm excited to announce the upcoming release of the audio version of my book, "Retirement Calculator: How much money do I need to retire?". As a token of appreciation to our podcast listeners, I'll be unveiling one chapter per week as a podcast episode. In essence, over the course of the next 13 weeks, you'll have the opportunity to enjoy the entire audiobook completely free of charge. The Retirement Budget Calculator is an intuitive tool that promises ease and accuracy. However, like any tool, user error could potentially lead to costly mistakes. To avoid this, let the experienced advisors at Parker Financial LLC guide you. When you hire our team, we offer a comprehensive review of your current investments, taxes, and the data in the Retirement Budget Calculator. We will ensure your plan's completeness and accuracy, helping you create an investment strategy, assist with tax planning, and monitor your plan to maximize your retirement benefits. At Parker Financial we offer a well-crafted retirement investment

In today's podcast, I am going to explain why it's important to think carefully before claiming your social security benefits and why starting social security at age 62 may not always be the best choice. For Articles, Links & Videos and Resources Visit: https://soundretirementplanning.com/ We're on YouTube! VIDEO: The Shocking Truth About When To Start Social Security Be sure to check out the Retirement Budget Calculator LET'S CONNECT: Facebook LinkedIn Website Buy Jason's New Book: Retirement Calculator: How Much Money Do I Need To Retire?  

A common question we receive is whether it's better to choose the lump sum or the pension. In today's podcast, I want to give you several of the things we are looking at when helping people make this decision about whether to take a lump sum or a pension. In addition to the questions and framework for making this decision, I created a video that we will include in the show notes to show you how we use a spreadsheet in conjunction with the Retirement Budget Calculator to help us examine the decision about whether to take a pension or a lump sum. Be sure to visit  SoundRetirementPlanning.com episode #403 to watch the video and also get all of the articles, links, and resources mentioned in this episode. Articles, Links & Resources Visit: https://soundretirementplanning.com/ We're on YouTube! Are you DIY?  Be sure to check out the Retirement Budget Calculator LET'S CONNECT: Facebook LinkedIn Website Buy Jason's New Book: How Much Do I Need To Retire?  Retirement Calculator   

Most people tell me they don’t mind paying their fair share in taxes but they don’t want to pay more than their fair share.  If you are interested in strategies to reduce your taxes in retirement I think you are going to love this episode. In today's podcast episode I interviewed Steven Jarvis who is the co author of the book “Don’t get killed on taxes” and the host of the Retirement Tax Podcast.  We talked about how to pay less money in taxes on social security income. When do ROTH conversions make sense? Sneaky shadow taxes to watch out for.  How your income and withdrawal strategy can impact your Affordable Care Act tax credits. The triple tax savings of HSA accounts! QCDs for tax planning.  Long term capital gains and depreciation recapture when selling rental properties. For Articles, Links & Resources Discussed In Today's Episode Visit: https://soundretirementplanning.com/ We're on YouTube! Are You Ready To Retire?  Be sure to check out the Retirement Budget Calculator LET'S CONNECT: Facebook

One of the major things that can derail a good retirement plan is experiencing a healthcare event that doesn't kill you but requires you to need care for an extended time. The healthcare events that could cause you to need long-term care range from frailty and aging, recovering from an accident, having a stroke, getting cancer, getting Parkinson's disease, dementia, and of course the one that most of us fear......Alzheimers. Today it is my good fortune to bring David Clemons on to the podcast to discuss long-term care insurance. I've known David Clemons for nearly 20 years and during that time his specialty has been helping people come up with a plan for how they will handle a long-term care event. Articles, Links & Resources Visit: https://soundretirementplanning.com/ We're on YouTube! Are you DIY?  Be sure to check out the Retirement Budget Calculator LET'S CONNECT: Facebook LinkedIn Website Buy Jason's Book: Retirement Calculator: How Much Money Do I Need To Retire?  

I always like to find people who are on this retirement journey and let them share their stories. Today, I'm speaking with Joe Kuhn - a 58-year-old retiree who has been sharing his experiences being retired for the past several years on his YouTube channel. He retired at 54 and had a retirement budget of 8k per month. Joe will be talking about how he planned for his retirement, his bucket approach to diversifying his retirement portfolio, why he knew it was time to retire, how to retire to something and not from something, and the retirement software he uses to help him stay organized. Articles, Links & Resources Visit: https://soundretirementplanning.com/ We're on YouTube! Are you DIY?  Be sure to check out the Retirement Budget Calculator LET'S CONNECT: Facebook LinkedIn Website Buy Jason's Book: Sound Retirement Planning  

I really enjoyed being a guest on the The Free Lunch Podcast. Greg and Collin make talking about investing and personal finance interesting. With their unique perspective on the topic, they make investing and finance approachable for all kinds of people - even those living in cold, wet climates like Calgary Canada! Their show is proof that personal finance and investing doesn't have to be boring or intimidating; with a good sense of humor and practical advice, they make it easy to learn about this topic. Whether you're just starting out or have been doing it for years, the Free Lunch Podcast is sure to give you something new to think about. So grab your lunch and tune in. The Free Lunch Podcast Articles, Links & Resources Visit: https://soundretirementplanning.com/ We're on YouTube! Are you DIY?  Be sure to check out the Retirement Budget Calculator LET'S CONNECT: Facebook LinkedIn Website Buy Jason's Book: Retirement Calculator: How Much Money Do I Need To Retire?