Retirement Starts Today

Latest Episodes:

The Challenges of Retiring from a High-Powered Job, Ep #336 Feb 19, 2024

Show notes

Is it possible to suddenly step away from a high-powered job and into a life of leisure? This may not be the best idea for your retirement if you work at the executive level.

In this episode of Retirement Starts Today, we'll explore an article from Harvard Business Review that outlines several pitfalls that could come with retiring from a high-powered job and insights on how to navigate them.

Stick around for the listener question segment to hear the best ways to give money to your adult children while you are still living rather than waiting until you pass away to leave an inheritance.

Outline of This Episode

[1:42] Advice for a CEO about to retire
[3:36] Areas to think about when making the retirement transition
[12:54] Advice on giving money to adult children while you're still living

Resources & People Mentioned

Connect with Benjamin Brandt

Get the Retire-Ready Toolkit:http://retirementstartstodayradio.com/
Follow Ben on Twitter:https://twitter.com/retiremeasap
Join the newsletter: https://retirementstartstodayradio.com/newsletter
Dive deeper into retirement planning with Ben at www.RetirementIncome.University

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5 Expenses Retirees Wish They Spent More Money On, Ep # 335 Feb 12, 2024

Show notes

There are two ways to mess up retirement: run out of money or die with regret. Oftentimes, people in the retirement space only focus on the running out of money part.

In an effort to help you live an even better retirement, today's retirement headline discusses the regret part. Join me to learn five expenses that retirees wish they had spent more money on so that you can learn from their mistakes.

Stick around to hear the answer to our listener question: Is there one person who can help develop a comprehensive retirement plan? Or do you need to have an investment advisor, a financial advisor, a tax advisor, and an estate planning attorney? Find out the answer by pressing play.

Outline of This Episode

[1:42] The 2 ways to mess up retirement
[8:12] Investing in your home
[10:00] Helping your children
[14:38] Is there one person that can do all my retirement planning?

Resources & People Mentioned

Connect with Benjamin Brandt

Get the Retire-Ready Toolkit:http://retirementstartstodayradio.com/
Follow Ben on Twitter:https://twitter.com/retiremeasap
Join the newsletter: https://retirementstartstodayradio.com/newsletter
Dive deeper into retirement planning with Ben at www.RetirementIncome.University

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2 Social Security Mulligans, Ep # 334 Feb 05, 2024

Show notes

If you want to spend more money in retirement you'll want to understand how to maximize your Social Security benefits. Many people think that there is no going back once you've decided to collect your Social Security benefits. However, today's retirement headline discusses two options in case you'd like a do-over.

In our listener question segment, one listener asks the best way to pass on their assets to their children. Listen in to hear the answer and scroll to the bottom of the show notes to discover more estate planning resources.

Outline of This Episode

[2:02] What happens if you change your mind about collecting Social Security?
[7:01] When exactly should you start Social Security?
[10:50] The best way to pass assets onto your kids

Resources & People Mentioned

The Retirement Podcast Network
Retirement Revealed podcast
Financial Advisor Magazine article
Estate planning episodes 295, 296, 124, 313, 255

Connect with Benjamin Brandt

Get the Retire-Ready Toolkit:http://retirementstartstodayradio.com/
Follow Ben on Twitter:https://twitter.com/retiremeasap
Join the newsletter: https://retirementstartstodayradio.com/newsletter
Dive deeper into retirement planning with Ben at www.RetirementIncome.University

Subscribe to Retirement Starts Today on

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Save Money with These Tax Tips, Ep #333 Jan 29, 2024

Show notes

Tax season is here so when I found this article from Morning Star to share some tax tips for you. Your tax bill will be the largest bill you pay in retirement. If you want to reduce it, make sure to press play.

Helping clients save money on taxes and avoid common investment mistakes is an important task for financial planners. If you don't have a financial planner, that means you are your own financial planner, so you'll want to take good notes.

Outline of This Episode

[1:22] Maximizing tax savings
[3:30] How to utilize deductions
[7:45] How to utilize investment strategies
[11:11] How to utilize Roth conversions
[13:32] How to know how much to safely spend and how to know if I'm spending too much?

Resources & People Mentioned

The Retirement Podcast Network
Episode 331 - We Need to Talk About Your Retirement Spending
Episode 332 - A Tax Break Worth the Hassle
The Retirement Tax Podcast - the least boring tax podcast!
Morningstar Article

Connect with Benjamin Brandt

Get the Retire-Ready Toolkit:http://retirementstartstodayradio.com/
Follow Ben on Twitter:https://twitter.com/retiremeasap
Join the newsletter: https://retirementstartstodayradio.com/newsletter
Dive deeper into retirement planning with Ben at www.RetirementIncome.University

Subscribe to Retirement Starts Today on

Apple Podcasts,Stitcher,TuneIn,Podbean,Player FM,iHeart, orSpotify

A Tax Break Worth the Hassle, Ep # 332 Jan 22, 2024

Show notes

Some tax breaks aren't worth the hassle of pursuing them, however, today's example is definitely worth the hassle!

If you are charitably minded you'll want to listen to learn about the advantages of making qualified charitable distributions. Discover how to increase your standard deduction while enjoying charitable tax benefits.

Stick around for the listener question to hear a great way to start practicing spending your money when you have been over-flexing your savings muscle.

Outline of This Episode

[2:22] The power of qualified charitable distributions
[5:56] How IRMAA thresholds work
[7:27] Three key takeaways
[12:41] How to convince your spouse that you have enough money to retire

Resources & People Mentioned

The Retirement Podcast Network

Connect with Benjamin Brandt

Get the Retire-Ready Toolkit:http://retirementstartstodayradio.com/
Follow Ben on Twitter:https://twitter.com/retiremeasap
Join the newsletter: https://retirementstartstodayradio.com/newsletter
Dive deeper into retirement planning with Ben at www.RetirementIncome.University

Subscribe to Retirement Starts Today on

Apple Podcasts,Stitcher,TuneIn,Podbean,Player FM,iHeart, orSpotify

We Need to Talk About Your Retirement Spending, Ep #331 Jan 15, 2024

Show notes

Planning retirement spending is tough to do since there are so many unknowns. Many people tend to take a fear-based approach and rely on the 4% rule. Some even take a step further and spend less of their nest egg.

Today's Retirement Headline urges you to take a different approach. Listen in to hear what the article advises and my thoughts on the matter. Then stick around for the listener question to learn how our national macroeconomic situation affects financial planning.

Outline of This Episode

[1:22] Rethink underspending in retirement
[5:01] My thoughts on the article
[10:12] How does our national macroeconomic situation affect financial planning?

Resources & People Mentioned

The Retirement Podcast Network
The Morning Star article
BOOK - More than Enough by Dave Ramsey
BOOK - Die with Zeroby Bill Perkins

Connect with Benjamin Brandt

Get the Retire-Ready Toolkit:http://retirementstartstodayradio.com/
Follow Ben on Twitter:https://twitter.com/retiremeasap
Join the newsletter: https://retirementstartstodayradio.com/newsletter
Dive deeper into retirement planning with Ben at www.RetirementIncome.University

Subscribe to Retirement Starts Today on

Apple Podcasts,Stitcher,TuneIn,Podbean,Player FM,iHeart, orSpotify

I Don't Want To Be Old When I Am Old, Ep # 330 Jan 08, 2024

Show notes

I don't know about you, but I want to stay active and healthy for as long as possible. That's why when I saw this Forbes article I knew I wanted to share it with you.

If you want to learn how to age gracefully and maintain your vitality, you won't miss this episode. Then, stick around to hear my answer to the question: why do some people have a hard time with retirement?

Outline of This Episode

[1:24] How to age gracefully and maintain vitality
[4:20] Embrace interdependence
[9:55] Why do some people have a hard time with retirement?

Resources & People Mentioned

Connect with Benjamin Brandt

Get the Retire-Ready Toolkit:http://retirementstartstodayradio.com/
Follow Ben on Twitter:https://twitter.com/retiremeasap
Join the newsletter: https://retirementstartstodayradio.com/newsletter
Dive deeper into retirement planning with Ben at www.RetirementIncome.University

Subscribe to Retirement Starts Today on

Apple Podcasts,Stitcher,TuneIn,Podbean,Player FM,iHeart, or Spotify

Lessons Learned from Fall Tax Meetings, Ep #329 Jan 01, 2024

Show notes

As you probably know by now, Bret and I are here to help you spend more money and spend less in taxes so that you can live an even better life in retirement.

This week we're helping you do that by sharing some lessons that we learned from our clients' fall tax meetings. If you enjoyed our Lessons in Estate Planning episodes last spring, you'll love hearing what we learned from our clients this fall. Press play to hear what you can learn from our experience with our clients.

Outline of This Episode

[1:42] Why we love Roth conversions
[10:40] Don't forget to plan for taxes as a widow/er

Resources & People Mentioned

Connect with Benjamin Brandt

Get the Retire-Ready Toolkit:http://retirementstartstodayradio.com/
Follow Ben on Twitter:https://twitter.com/retiremeasap
Join the newsletter: https://retirementstartstodayradio.com/newsletter
Dive deeper into retirement planning with Ben at www.RetirementIncome.University

Subscribe to Retirement Starts Today on

Apple Podcasts,Stitcher,TuneIn,Podbean,Player FM,iHeart, orSpotify

How to Pay 0% on Capital Gains [Rebroadcast] Dec 25, 2023

Show notes

Would a 0% tax rate help you live an even better retirement? In this week's Retirement Headline, we'll explore a WSJ article titled How You Can Grab a 0% Tax Rate. If that doesn't pique your interest, I don't know what will!

Listen in to hear how you can learn to plan so that you can take advantage of a 0% tax rate on capital gains income.

This episode originally aired in August 2023.

3 Tricks to Help Retirees Spend More [Rebroadcast] Dec 18, 2023

Show notes

If you have diligently saved throughout your career, you may be ready to retire, yet still feel uncertain about spending your savings.

To truly live your best life in retirement you need to learn how to shift from a saving mindset to a spending mindset. In this episode of Retirement Starts Today, we'll help you do just that.

This episode was first broadcast in July 2023.

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