Retirement Answers

Latest Episodes:

Donor Advised Funds - How & When To Use Them Dec 19, 2023

Show notes

I've had a few questions about charitable giving lately, so in today's episode, I am talking about Donor Advised Funds. We will discuss:

What they are
How they work
Why you would use one
When you would use one

I walk you through two examples of how this charitable giving strategy will help save you taxes and be able to give more the church or charities you love!

***Help me make the show better in 2024. Fill out this quick survey!

Want help with your retirement plan?👇🏼
☎️ Book a call with me
✉️ Email me: jacob.duke@appliedcapital.com

My YouTube Channel
Submit your question here: jacob@retirementanswers.net

#retirement #howmuchtoretire #retirementplanning #rothira #rothconversion #investing #401k #socialsecurity

How to Retire in 2024 - 5 Steps To Take Now Dec 12, 2023

Show notes

Are you hoping to retire in 2024? Curious if you are on the right track or if you have everything done to make retirement a reality? In this episode, I am sharing 5 steps you can take to make sure you are ready to retire in 2024.

If you aren't retiring in 2024, don't go anywhere! You can start using these 5 tips right now to be even more prepared for your future retirement!

***Help me make the show better in 2024. Fill out this quick survey!

Want help with your retirement plan?👇🏼
☎️ Book a call with me
✉️ Email me: jacob.duke@appliedcapital.com

My YouTube Channel
Submit your question here: jacob@retirementanswers.net

#retirement #howmuchtoretire #retirementplanning #rothira #rothconversion #investing #401k #socialsecurity

The 4 Parts of a Successful Retirement Plan Dec 05, 2023

Show notes

I always talk about different retirement strategies and things to think about, but I think it's important to zoom out and look at the big picture. It is easy to get overwhelmed when thinking about all the things that must be considered when evaluating your retirement.

I received a question from a listener recently asking what the most important parts of a retirement plan are. So, I wanted to share the 4 things I think you need to have in your retirement plan.

***Help me make the show better in 2024. Fill out this quick survey!

Want help with your retirement plan?👇🏼
☎️ Book a call with me
✉️ Email me: jacob.duke@appliedcapital.com

My YouTube Channel
Submit your question here: jacob@retirementanswers.net

#retirement #howmuchtoretire #retirementplanning #rothira #rothconversion #investing #401k #socialsecurity

Year-End Tax Planning Reminders for 2023 Nov 28, 2023

Show notes

The end of 2023 is upon us... Crazy! But this is the time of year to make sure you have completed any tax planning that needs to be done.

This includes things like:

Roth conversions
Tax-loss harvesting
Tax-gain harvesting
Retirement plan contributions
Charitable giving

Tune in to this week's episode to gain new insights on the importance of these year-end tax strategies!

***Help me make the show better in 2024. Fill out this quick survey!

Want help with your retirement plan?👇🏼
☎️ Book a call with me: https://calendly.com/jacobduke/intro
✉️ Email me: jacob.duke@appliedcapital.com

Submit your question here: jacob@retirementanswers.net
YouTube: https://www.youtube.com/@retirementanswers

#retirement #howmuchtoretire #retirementplanning #rothira #rothconversion #investing #401k #socialsecurity

Retirement Investing Mistakes & How To Avoid Them Nov 21, 2023

Show notes

As a financial advisor, I see a lot of investing mistakes... And to be honest, I've made a lot of these mistakes myself. I've that getting the investment results you want is far more about limiting your mistakes than hitting home runs.

So, I wanted to share common investing mistakes that you should look out for and give you a playbook to avoid them.

***Help me make the show better in 2024. Fill out this quick survey!

Want help with your retirement plan?👇🏼
☎️ Book a call with me: https://calendly.com/jacobduke/intro
✉️ Email me: jacob.duke@appliedcapital.com

Submit your question here: jacob@retirementanswers.net
YouTube: https://www.youtube.com/@retirementanswers

#retirement #howmuchtoretire #retirementplanning #rothira #rothconversion #investing #401k #socialsecurity

6 (Common) Roth Conversion Mistakes to Avoid! Nov 14, 2023

Show notes

Roth conversions are a powerful tax savings tool for many retirees. There are many reasons to do Roth conversions:

Pay less tax now compared to the future
Minimize future RMDs
Avoid future IRMAA surcharges
Help avoid the Widow's Tax Trap
Leave tax-free assets to heirs

But mistakes can be made when doing these conversions. In this episode, Jacob shares 6 common Roth conversion mistakes to watch out for.

***Help me make the show better in 2024. Fill out this quick survey!

Want help with your retirement plan?👇🏼
☎️ Book a call with me: https://calendly.com/jacobduke/intro
✉️ Email me: jacob.duke@appliedcapital.com

Submit your question here: jacob@retirementanswers.net
YouTube: https://www.youtube.com/@retirementanswers

#retirement #howmuchtoretire #retirementplanning #rothira #rothconversion #investing #401k #socialsecurity

The Complete Guide to Social Security Spousal Benefits Nov 07, 2023

Show notes

Social Security is one of the pillars of retirement income. But it can be very confusing when you think about PIAs, FRAs, and spousal benefits.

In this episode, I break down everything you need to know about Social Security Spousal Benefits and how they work. A big misconception I often hear is that "You get 50% of your spouses benefits."

I share why this is a misunderstanding and how spousal benefits are truly calculated. Also, be sure to listen to the end if you are divorced. You could be entitled to spousal benefits if you meet certain criteria!

***Help me make the show better in 2024. Fill out this quick survey!

Want help with your retirement plan?👇🏼
☎️ Book a call with me: https://calendly.com/jacobduke/intro
✉️ Email me: jacob.duke@appliedcapital.com

Submit your question here: jacob@retirementanswers.net
YouTube: https://www.youtube.com/@retirementanswers

#retirement #howmuchtoretire #retirementplanning #rothira #rothconversion #investing #401k #socialsecurity

7 Common Retirement Fears (& How To Overcome Them) Oct 31, 2023

Show notes

Retirement can be a scary thought. Do I have enough to retire? When should I take Social Security? What if I run of money before I die? How much can I spend?

These are big questions that can create anxiety as you approach retirement. So, in this episode, I share 7 common retirement fears and how you can overcome them. This isn't a comprehensive list of fears that come up in retirement, but they are some of the most common ones I hear about.

***Help me make the show better in 2024. Fill out this quick survey!

Want help with your retirement plan?👇🏼
☎️ Book a call with me: https://calendly.com/jacobduke/intro
✉️ Email me: jacob.duke@appliedcapital.com

Submit your question here: jacob@retirementanswers.net
YouTube: https://www.youtube.com/@retirementanswers

#retirement #howmuchtoretire #retirementplanning #rothira #rothconversion #investing #401k #socialsecurity

2024 Social Security COLA & More Oct 24, 2023

Show notes

The 2024 Social Security COLA has been announced! I am sharing the following:

What the 2024 COLA is
Who gets the COLA
How does it compare to COLAs historically
Why WHEN you begin receiving your Social Security benefits continues to impact you moving forward
2 reasons why your COLA won't be as high as you think

***Help me make the show better in 2024. Fill out this quick survey!

Want help with your retirement plan?👇🏼
☎️ Book a call with me: https://calendly.com/jacobduke/intro
✉️ Email me: jacob.duke@appliedcapital.com

Submit your question here: jacob@retirementanswers.net
YouTube: https://www.youtube.com/@retirementanswers

#retirement #howmuchtoretire #retirementplanning #rothira #rothconversion #investing #401k #socialsecurity

Spending with Confidence in Retirement Oct 17, 2023

Show notes

Retirement can be challenging... When should I take Social Security? How aggressively should I be investing? How can I manage my taxes? Where is my income going to come from?

These are the challenges that typically come up when planning for retirement. But as a financial planner who does retirement planning every day, I have found that one of the hardest parts of retirement is the mental side.

Most retirees are worried about spending too much money each month. This can steal your joy because of constant anxiety, and by not spending enough, you are cutting yourself short form the fulfilling retirement you dreamed of.

Today, I talk through this common struggle and provide 3 steps you can take to build your confidence in your income and spending plan in retirement.

***Help me make the show better in 2024. Fill out this quick survey!

Want help with your retirement plan?👇🏼
☎️ Book a call with me: https://calendly.com/jacobduke/intro
✉️ Email me: jacob.duke@appliedcapital.com

Submit your question here: jacob@retirementanswers.net
YouTube: https://www.youtube.com/@retirementanswers

#retirement #howmuchtoretire #retirementplanning #rothira #rothconversion #investing #401k #socialsecurity

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