Retirement is the plan. You worked hard to get where you are, now have a retirement that works hard for you.
If you want to achieve… confidence, peace of min...
5 Things to Know About Medicare Advantage Open Enrollment Period for Retirement
In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss the complexities of the Medicare Advantage Open Enrollment Period with Shawn Southard, the Medicare aficionado at Peace of Mind Wealth Management. If you’ve ever felt overwhelmed by the intricacies of Medicare Advantage plans, prescription drug coverage, or Medigap policies, this episode is a must-listen. Shawn breaks down the options available, clarifies the rules for switching plans, and highlights key considerations for ensuring your Medicare coverage fits your unique needs.Listen in to learn about the differences between Medicare Advantage and original Medicare, how to navigate maximum out-of-pocket costs, and what to look for when considering switching plans. Whether you’re planning retirement, retiring comfortably, or just looking to secure your retirement, understanding your Medicare options is crucial for avoiding costly mistakes.In this episode, find out:· The key differences between Medicare Advantage plans and original Medicare.· How Medicare Advantage Open Enrollment works and what changes you can make.· The importance of evaluating Medicare Advantage networks and prescription drug coverage.· Potential pitfalls when switching to original Medicare and Medigap policies.· How maximum out-of-pocket costs and co-insurance impact your financial planning.Tweetable Quotes:· “Understanding your Medicare Advantage plan can mean the difference between peace of mind and unexpected financial stress.” – Radon Stancil· “Your healthcare coverage should work for you, not against you. Take the time to explore your options.” – Murs TariqResources:If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!To access the course, simply visit POMWealth.net/podcast.
--------
16:00
2025 - Common Deductible Charitable Gifts in Retirement
In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss the strategies and rules surrounding common deductible charitable gifts in 2025. As the new year begins, many individuals are setting charitable giving goals while seeking to maximize their tax benefits. From understanding adjusted gross income (AGI) limits to choosing between donating cash, appreciated assets, or qualified charitable distributions, this episode walks you through everything you need to know to make informed decisions.Listen in to learn about the tax benefits of donations, the importance of choosing the right type of gift, and how to align your charitable goals with your overall retirement plan. Whether you're donating cash, assets with capital gains, or making qualified charitable distributions, Radon and Murs provide practical advice to help you navigate these options effectively.In this episode, find out:· The benefits of donating cash and how AGI limits affect tax deductions.· How to use donating appreciated assets to avoid capital gains taxes while gaining deductions.· The rules surrounding qualified charitable distributions (QCDs) for individuals over 70½.· How to leverage long-term and short-term capital gains in your charitable giving strategy.· The impact of the 2025 standard deduction on itemizing charitable deductions.Tweetable Quotes:· "Charitable giving isn’t just about generosity; it’s about maximizing impact and minimizing taxes." – Radon Stancil· "Understanding AGI limits can turn charitable donations into powerful tax-saving tools." – Murs TariqResources:If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!To access the course, simply visit POMWealth.net/podcast.
--------
18:47
2025 - Important Financial Numbers in Retirement
In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss key updates to the important financial numbers for 2025 that impact tax planning, retirement contributions, and other critical aspects of financial planning. They explain how inflation adjustments have influenced tax brackets, 401(k) and IRA contribution limits, Medicare IRMAA thresholds, and more. Whether you're planning your retirement or already enjoying it, this episode is packed with insights to help you navigate 2025 with confidence and clarity.Listen in to learn about the updated financial planning numbers that are essential for a secure retirement. Radon and Murs delve into tax brackets, Social Security adjustments, HSA limits, and strategies to make the most of these changes. You’ll gain actionable insights to optimize your financial decisions for the new year.In this Episode, find out:· The 2025 tax brackets and how inflation adjustments affect your tax planning.· Updates to 401(k), IRA, and HSA contribution limits for retirement savings strategies.· The latest changes to Social Security benefits, including COLA adjustments and taxation thresholds.· Medicare IRMAA updates and how income levels impact your premiums.· Key estate tax exemptions and what they mean for legacy planning.Tweetable Quotes:1. Radon Stancil: "Understanding your tax brackets is crucial for making good decisions around tax strategy and retirement planning."2. Murs Tariq: "Small changes in financial numbers can have a big impact—staying informed helps you retire comfortably and securely."Resources:If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!To access the course, simply visit POMWealth.net/podcast.
--------
20:33
What Issues in Retirement Should I Consider at The Start of the Year
In this Episode of the Secure Your Retirement Podcast, Radon Stancil and Murs Tariq discuss how to approach the start of 2025 with clarity and purpose. They introduce a detailed checklist to help you organize and plan various aspects of your life, including cash flow management, estate planning updates, tax considerations, and more. This isn’t just about setting New Year financial goals or resolutions; it’s about preparing comprehensively to ensure smoother transitions and better decision-making throughout the year. They also share practical steps for managing both personal and financial priorities effectively.Listen in to learn about actionable steps you can take now to set yourself up for success in 2025. From evaluating long-term care insurance options to reviewing retirement planning strategies, this episode is packed with valuable insights. Don’t miss the opportunity to access their checklist, which will guide you through every category you should be thinking about as the new year begins.In this episode, find out:· How to evaluate cash flow management and align your goals for the year.· The importance of reviewing estate planning updates to ensure everything is up-to-date.· Why assessing your investment risk is crucial as you plan for retirement.· Key tax strategies like Roth IRA conversion benefits and contribution limits.· Tips on when to consider long-term care insurance review and its advantages.Tweetable Quotes:· "The more we’re prepared, the smoother things usually go." – Radon Stancil· "Understanding what’s coming in and what’s going out is the foundation of good financial health." – Murs TariqResources:If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!To access the course, simply visit POMWealth.net/podcast.
--------
27:35
How to Retire at 62 - All the Numbers You Need to Know
In this episode of the Secure Your Retirement Podcast, Radon Stancil and Murs Tariq continue their discussion from Episode 292 on How to Retire at 62. In this follow-up, they welcome their team member, Taylor Wolverton, to dive into the numbers of a real-world retirement financial plan. Together, they walk through detailed retirement scenarios for someone looking to retire at 62, highlighting critical strategies to ensure a secure and sustainable retirement. From income and expenses to Social Security at 62 and withdrawals, they leave no stone unturned.Listen in to learn about how to build a financial plan that works for you, even when unexpected scenarios arise. You’ll also gain insight into why retirement planning at 62 requires more than simple calculations and how ongoing adjustments can help you retire comfortably and with peace of mind.In this episode, find out:· How much you need to retire at 62 and why a conservative approach matters· A step-by-step breakdown of Social Security income strategies for early retirees· How inflation impacts retirement expenses and why planning for it is crucial· Key insights into 401k withdrawal strategies and cash flow sustainability· Why a flexible and evolving retirement financial plan is essentialTweetable Quotes:· “Retirement planning isn’t about a one-time decision; it’s about creating a flexible, evolving plan that adapts to life changes.” - Radon Stancil· “The key to retiring at 62 is understanding your numbers and having a solid plan to sustain your lifestyle long-term.” - Murs TariqResources:If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!To access the course, simply visit POMWealth.net/podcast.
Retirement is the plan. You worked hard to get where you are, now have a retirement that works hard for you.
If you want to achieve… confidence, peace of mind, control of your future, a rock-solid income plan, financial freedom, and unrestricted options in retirement this show is the right one for you! Retirement is approaching and you can’t afford to make mistakes with your money. In the back of your mind, there are concerns about what happens if there is another financial downfall as you are getting closer to having the life you have always dreamed about.
Radon Stancil, CFP®, and Murs Tariq, CFP® are dedicated to guiding you through knowing what questions to ask and what information to gather in order to feel 100% confident about your retirement plan. For more information visit: https://pomwealth.net/podcast
New Zealand