Secure Your Retirement

Latest Episodes:

2024 Tax Filing Made Easy - Key Documents & Expert Filing Tips Feb 17, 2025

Show notes

In this episode of the Secure Your Retirement Podcast, Radon and Murs discuss tax season preparation with their in-house tax strategist, Taylor Wolverton. As tax season approaches, understanding your tax documents and making informed filing decisions can help reduce stress and ensure accuracy. Taylor shares expert insights on essential documents, filing strategies, and common tax mistakes to help make tax filing easy and efficient. Whether you're planning retirement tax strategies or determining how to file taxes effectively, this episode will help you navigate tax season with confidence.

Listen in to learn about the different IRS tax forms you should expect, including W-2 and 1099 forms, and how to differentiate between standard vs. itemized deductions. Taylor also covers the significance of Qualified Charitable Distributions (QCDs) in retirement planning and how they impact your tax filing. Get valuable tips on avoiding common tax mistakes and ensuring all necessary documents are included in your tax filing checklist. This episode is packed with expert filing tips to help you retire comfortably and secure your retirement.

In this episode, find out:

The key tax documents you need for tax season preparation, including IRS tax forms like W-2, 1099, and 1099-R.
The difference between standard vs. itemized deductions and how to determine the best option for you.
The importance of Qualified Charitable Distributions (QCDs) for retirement tax planning and how to report them correctly.
Common tax mistakes to avoid when filing your return.
Best practices for organizing and storing tax documents to streamline future filings.

Tweetable Quotes:

"The IRS receives all your tax forms, so ensuring accuracy in your tax filing is crucial to avoid unnecessary headaches." – Radon Stancil
"If you made a Qualified Charitable Distribution (QCD), make sure to report it correctly—your 1099-R won’t automatically show it as tax-free!" – Murs Tariq

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.

2025 - Economic Update with Andrew Opdyke Feb 10, 2025

Show notes

In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss:

The US economic outlook for 2025 with returning guest Andrew Opdyke, an economist who provides valuable insights into the key economic factors shaping the year ahead. With Federal Reserve policies, inflation and interest rates, and market volatility dominating financial conversations, we break down what investors and retirees need to know.

From employment trends to investment strategy, Andrew highlights how government policies, market shifts, and technological advancements—such as AI and automation—will influence US economic growth in 2025. Whether you're focused on your retirement plan, portfolio diversification, or simply trying to make sense of 2025 inflation trends, this episode is packed with expert analysis.

Listen in to learn about:

· How Federal Reserve policies and interest rates could impact your retirement planning

· Why market volatility is expected in early 2025 and how to prepare

· The economic impact of Trump’s policy changes, including tariffs, tax cuts, and regulatory shifts

· The role of technology and economic growth, including the rise of AI

· Why US employment trends could dictate how quickly the economy stabilizes

In this episode, find out:

· How inflation trends from 2024 set the stage for Federal Reserve policies in 2025

· Why market volatility explained matters for investors and retirees

· The impact of US employment trends on economic growth

· What to expect from Trump’s policy shifts in trade, taxation, and regulations

· Why technology advancements could shape the future of the economy

Tweetable Quotes:

· "The Federal Reserve has a balancing act in 2025—cutting rates while ensuring inflation doesn’t spike again." — Radon Stancil

· "2025 is shaping up to be a year that economic textbooks will reference—whether for policy success or political gridlock." — Murs Tariq

Resources:

To access the course, simply visit POMWealth.net/podcast.

Travel Smarter - Insider Advice on Curating Once-in-a-Lifetime Trips Feb 03, 2025

Show notes

In this episode of the Secure Your Retirement Podcast, Radon and Murs discuss how retirement opens the door to incredible travel opportunities. Joined by travel consultant Molly Glasgow, they explore the secrets behind curating unforgettable, once-in-a-lifetime trips. Molly shares her expertise on planning bucket list trips, luxury travel experiences, and personalized itineraries, making travel both accessible and extraordinary for retirees. Whether you dream of cultural immersion travel or relaxing in world-class destinations, this episode offers invaluable tips on crafting unique travel experiences tailored to your preferences.

Listen in to learn about the process of designing the perfect trip, from idea to execution. Discover how professional travel planning ensures a stress-free journey, allowing you to focus on making memories. Molly explains the importance of timing, budgeting, and selecting the right destinations, ensuring that each trip is meaningful and special.

In this episode, find out:

· How to plan bucket list trips of a lifetime without the stress.

· The benefits of personalized travel itineraries tailored to your preferences.

· Why luxury travel planning offers unparalleled value and peace of mind.

· The importance of timing and advanced preparation for exclusive travel experiences.

· Insights into cultural immersion travel and how it transforms your journey.

Tweetable Quotes:

· "Travel isn't just about destinations; it's about the memories and connections you create along the way." – Radon Stancil

· "A well-planned trip can turn dreams into unforgettable realities." – Murs Tariq

Resources:

To access the course, simply visit POMWealth.net/podcast.

For expert travel planning, visit Molly Glasgow’s website at www.mollyglasgowtravel.com.

2025 Considerations About the Economy Jan 27, 2025

Show notes

In this Episode of the Secure Your Retirement Podcast, Radon Stancil and Murs Tariq discuss:

The current state of the economy as we move into 2025. Joined by Tom Siomades, a chief marketing economist, they analyze how the election results, policy changes, and global events are influencing the stock market trends and broader economic outlook. Tom’s straight-talking insights provide valuable perspectives on inflation vs. interest rates, long-term investment planning, and small business growth.

Listen in to learn about:

The challenges and opportunities shaping the 2025 economic outlook. Tom highlights key market trends, including the resilience of the stock market, the impact of energy policies, and the potential for economic growth amidst regulatory and political shifts. Whether you’re focused on retirement planning or seeking financial planning tips, this episode delivers actionable insights to secure your retirement.

In this episode, find out:

· How 2024’s lessons of patience in investing are shaping strategies for 2025.

· The effects of the new administration's policies on the U.S. economy and stock market.

· Why inflation and energy costs remain central to the economic forecast for 2025.

· Opportunities for small business growth through deregulation.

· Long-term investment planning strategies for navigating a shifting market landscape.

Tweetable Quotes:

· “2024 reminded us of the value of patience in long-term investing—missing one market rally could mean missing the next 56.” – Tom Siomades

· “Energy costs and deregulation are the twin keys to unlocking sustainable economic growth.” – Murs Tariq

Resources:

To access the course, simply visit POMWealth.net/podcast.

5 Things to Know About Medicare Advantage Open Enrollment Period for Retirement Jan 20, 2025

Show notes

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 Tariq

Resources:

To access the course, simply visit POMWealth.net/podcast.

2025 - Common Deductible Charitable Gifts in Retirement Jan 13, 2025

Show notes

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 Tariq

Resources:

To access the course, simply visit POMWealth.net/podcast.

2025 - Important Financial Numbers in Retirement Jan 06, 2025

Show notes

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:

To access the course, simply visit POMWealth.net/podcast.

What Issues in Retirement Should I Consider at The Start of the Year Dec 30, 2024

Show notes

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 Tariq

Resources:

To access the course, simply visit POMWealth.net/podcast.

How to Retire at 62 - All the Numbers You Need to Know Dec 23, 2024

Show notes

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 essential

Tweetable 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 Tariq

Resources:

To access the course, simply visit POMWealth.net/podcast.

Navigating Life After Losing a Spouse: Financial and Emotional Steps Dec 16, 2024

Show notes

In this Episode of the Secure Your Retirement Podcast, Radon Stancil and Murs Tariq discuss the difficult yet essential topic of navigating life after losing a spouse. They dive into critical financial and emotional steps to help widows and widowers during this challenging time. Losing a spouse is an emotional whirlwind, and the decisions that follow can feel overwhelming. However, with the right guidance and a structured approach, you can ensure a smoother transition.

Listen in to learn about the importance of having a comprehensive Checklist for Surviving Spouse, which includes financial advice, legal matters, and practical steps to take when a loved one dies. From understanding Social Security benefits to estate planning, Radon and Murs provide actionable insights to help you regain clarity and peace of mind during this life-altering period.

In this episode, find out:

How cash flow changes when a spouse passes and what to do about it.
The importance of retitling accounts, understanding wills, and updating estate plans.
Key considerations for Social Security survivor benefits and tax implications.
Why it’s vital to locate all accounts, insurance policies, and passwords.
How to adjust your retirement plan to reflect your new reality.

Tweetable Quotes:

“Losing a spouse is overwhelming, but having a clear plan can turn chaos into clarity.” – Radon Stancil
“Understanding your new financial picture is the first step to securing your future.” – Murs Tariq

Resources:

To access the course, simply visit POMWealth.net/podcast.

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In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss:

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In this Episode of the Secure Your Retirement Podcast, Radon Stancil and Murs Tariq discuss:

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