Sound Retirement Radio (Jason Parker)

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.

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Jason and Tony discuss tax and estate planning for large IRAs and the SECURE Act in retirement planning.

Tony is a Poulsbo attorney with over 22 years of legal experience. Tony maintains a practice focused on estate planning, elder law, estate and gift taxation, guardianship, and probate matters. He practiced with the IRA Estate and Gift function for over 8 years, and uses the valuable experience in serving clients with large and complex estates to maximize their ability to effectively provide for their family and charitable organizations through lifetime gifting and careful estate and trust planning. 

A Lieutenant Commander with over 23 years of active duty and reserve service in the US Navy JAG Crops, Tony is keenly aware of the unique issues facing military veterans and enjoys working with them to successfully integrate their retirement and other veteran benefits into their estate and retirement planning.  He recently became a Navy retiree himself on January 31st!

Tony is blessed to live in Poulsbo, and he spends his time being the best husband he can for and with his rock-star wife Kim Hinson, and the best dad he can be for his two amazing kids- Jonathan, 13, and Elizabeth,11.

In this podcast episode Jason shares a checklist for those who are preparing for retirement.

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:
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Buy Jason's New Book: How Much Do I Need To Retire?  Retirement Calculator 

In this podcast episode Jason interviews Tim Adkisson, CLU, ChFC, CFP regarding the new payroll tax in Washington and how you can opt out of the tax if you own qualifying coverage.  

Jason and Emilia discuss the impact of the Coronovirus on your retirement. 

To learn more visit: 

www.marketwatch.com-How the stock marker has performed during past viral outbreaks

seekingalpha.com- Early thinking on Coronovirus and pandemics

www.schwab.com- Will virus outbreak lead to market breakdown

www.marketwatch.com- Coronavirus fatality rates vary

www.washingtonpost.com- How Coronavirus can kill people

In today's podcast, I will give you an overview of not only how the RMDs have changed again, but a few of the other changes brought about as a result of the new Secure Act 2.0 that was signed into law on December 29, 2022.

Articles, Links & Resources Visit:
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In this podcast episode Jason shares what it means to leave a legacy and a few exercises to help you become overflowing with thankfulness.

Jason does a reading from his book, Sound Retirement Planning. 

Today's show is about setting and achieving goals. Goals are direction. Goals are about focus. Where we focus is where our life goes. Even if you don't achieve the goals it is good to be moving in the right direction. In today's show, I invited Carly Tizzano to be our guest. Carly is the host of the resolve podcast and she has a coaching business to help people achieve their goals.

You can find Carly Tizzano online at CarlyTizzano.com

Articles, Links & Resources Visit:
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In today's podcast, Jason interviews Anne Lester about her new book, "Your Best Financial Life: Save Smart Now for the Future You Want."

Anne is a retirement expert, formerly serving as the Head of Retirement Solutions for JPMorgan Asset Management, where she dedicated nearly 30 years of her career.

During the interview, Anne not only shares insights from her own retirement journey but also discusses the aspects of retirement she eagerly anticipates in this new phase of life. She offers practical tactics for simplifying money management, including the implementation of guardrails to mitigate financial regret. Make sure to listen until the end, where she emphasizes the importance of cash flow in retirement preparation.

For additional articles, links, and resources, please visit https://SoundRetirementPlanning.com.

In this podcast episode Jason interviews Garrett Watson about President Biden's tax policy.

In today's podcast, I’m excited to share what I am calling the Pyramid of Investing Success. We will begin by exploring the foundation of the pyramid and then progress layer by layer until we reach its pinnacle.

Articles, Links & Resources Visit:
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In this podcast episode Jason looks at the reasons why, and the mechanics of how you rollover your 401(k) to an IRA.  For show notes, links and resources mentioned in the episode visit https://soundretirementplanning.com and click on episode 365.

In this podcast episode Jason looks at the Required Minimum distribution.  For all of the show notes and resources mentioned in this episode visit SoundRetirementPlanning.com

• What is the RMD
• What is the RBD
• What is the penalty for missing the RMD
• What types of accounts have an RMD
• When do you have to take the first RMD and subsequent RMD's
• How have the RMD rules changed recently
• How do you calculate the RMD
• When do people take their RMD's
• We explore the three different distribution tables the IRS has for calculating your RMD and which one you will need to use
• We will look at how the RMD changes over time
• Why the RMD will be decreasing starting in 2022
• How might the RMD change again
• What are after tax contributions to an IRA and how are RMD's impacted?
• How to avoid paying taxes on your RMD

In this podcast episode Jason interviews Dan Jamison about Federal Employees who are separating from service before attaining eligibility for retirement.

In this podcast episode Jason looks at how historical major geopolitical events have impacted investments.  For resources and articles mentioned in this episode visit https://soundretirementplanning.com and click on episode 372

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:
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VIDEO: The Shocking Truth About When To Start Social Security

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You may want to consider changing your investment strategy when you retire. As you approach retirement, your investment goals will shift from accumulation to preservation and income. Using investments to supplement your income in retirement can help you maintain your lifestyle and make the most of your hard-earned savings. The importance of asset allocation, diversification, and financial science when constructing a strategy for investing in retirement years cannot be understated.

Articles, Links & Resources Visit:
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Investing In Retirement Video on YouTube

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One of my clients recently forwarded an article with the headline that reads "US economist predicts 2024 will bring "Biggest crash of our lifetime".

Here is a quote from the article  "This is the one time I'm telling you, do not listen to your financial adviser. Things are not going to come back to normal in a few years. We may never see these levels again. And this crash is not going to be a correction. It's going to be more in the '29 to '32 level. And anybody who sat through that would have shot their stockbroker."

Unfortunately, when these types of articles are published it can cause people to worry and question both their financial plan and their investment 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 discovery session now by visiting Parker-Financial.net let us help you make the most of your retirement years.

 For article links and resources mentnioned in todays podcast visit:

https://soundretirementplanning.com

In this podcast episode Jason interview Ross Hjelseth about his book and podcast titled Winning Words.

In this podcast episode Jason explores why the Health Savings Account is one of the best retirement accounts.  

In today's podcast I want to talk about expectations and the recent market volatility and give you some historical data to help put some of this recent volatility into context.

In this podcast episode Jason interviews Brett Warner about his experiences investing in real estate and his new podcast - Strategy Investment

In this show Jason explores why asset allocation is so important especially in the drawdown phase of investing.

In this podcast episode Jason shares year end planning considerations.

In this podcast episode Jason interviews Dr. Craig Israelsen about the 7Twelve portfolio. We discuss asset allocation, inflation, budgeting, rebalancing, commodities, RMD's, diversification using buckets and retirement planning.  

Jason interviews Robert about the SECURE Act.

Robert S. Keebler, CPA/PFS, MST, AEP (Distinguished) is a partner with Keebler  & Associates, LLP and is a 2007 recipient of the prestigious Accredited Estate Planners (Distinguished) award from the National Association of Estate Planners & Councils. He has been named by CPA Magazine as one of the Top 100 Most Influential Practitioners in the United States and one of the Top 40 Tax Advisors to Know During a Recession. His practice includes family wealth transfer and preservation planning, charitable giving, retirement distribution planning, and estate administration. Mr. Keebler frequently represents clients before the National Office of the Internal Revenue Service (IRS) in the private letter ruling process and in estate, gift and income tax examinations and appeals, and he has received more than 250 favorable private letter rulings including several key rulings of "first impression." He is the author of over 100 articles and columns and is the editor, author or co-author of many books and treatises on wealth transfer and taxation. Mr. Keebler has been a speaker at national estate planning and tax seminars for over 25 years including the AICPA's: Estate Planning, High Income, Advanced Financial Planning Conferences, ABA Conferences, NAPEC Conferences, The Notre Dame Estate Planning Conference and the Heckerling Estate Planning Institute and is currently the chair of the AICPA's Advanced Estate Planning Conference.

To learn more visit: keeblerandassociates.com

In this podcast episode Jason discusses tax planning.  For more details and show notes visit SoundRetirementPlanning.com episode #323

A few bits of wisdom and select sayings from a good friend.

Articles, Links & Resources Visit:
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Sound Retirement Planning

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Jason and Emilia discuss how where you live, the affects of income on your health-care costs, Required Minimum Distributions (RMD) and Qualified Charitable Distributions (QCD) are important to consider from a tax stand point.

To learn more visit: 

smartasset.com- Retirement Taxes

soundretirementplanning.com-170 Health Insurance For An Early Retirement

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 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 discovery session now by visiting Parker-Financial.net let us help you make the most of your retirement years.

In this podcast episode Jason answers your retirement questions and shares your comments.

Jason & Emilia discuss a simple way to grade your cash-flow plan and confidence levels as you head into retirement using the "Sound Retirement Income Score".  We also discuss the CARES Act and how the new CARES Act is going to provide relief for families.  

Below are links to a few articles you might enjoy.

Article by the Tax Foundation

Article by Nerds Eye View

In this podcast episode, Jason breaks down the process of converting a traditional IRA to a Roth IRA step-by-step, so that you can make an informed decision about whether or not this is the right move for you.

For articles, links and resources mentioned in this episode visit 
https://soundretirementplanning.com and click on episode number 377

Jason and Emilia talk about the stock market and how it has historically recovered from a bear market. 

To learn more visit: Guggenheim: Putting Pullbacks in Perspective

In this podcast episode Jason interviews Bill who recently stopped working full time and he is now working part time as he makes his way into an early retirement.

In today's podcast, I interview Dr. Craig Israelsen. We talked about the banking turmoil, investment portfolio construction, asset allocation, taking a pension vs a lump sum, how much guaranteed income is needed, when to start social security, diversification across asset classes, and when active management makes sense, should you have exposure to China? and near the end of the show we had a more philosophical discussion about what it means to live a good life and the contribution we make.

Learn more at: https://www.7twelveportfolio.com/index.shtml

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: Retirement Calculator: How Much Money Do I Need To Retire?

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 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 discovery session now by visiting Parker-Financial.net let us help you make the most of your retirement years.

In this podcast episode Jason explores the six numbers to consider to help you know if you are on track to retire with confidence.

In this podcast episode Jason talks about what is and is not covered by Medicare.  

Are you nearing retirement age and feeling a little anxious about it? You're not alone. A lot of people feel this way, even if they have been planning for retirement for years. High inflation, rising interest rates, and stock market volatility have made retirement planning more difficult than ever.

But don't despair. There is a recipe for a sound retirement, and I'm going to share it with you.

Articles, Links & Resources Visit:
https://soundretirementplanning.com/

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Be sure to check out the Retirement Budget Calculator

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In this podcast episode Jason helps you identify if you are fully funded for retirement and how you can use retirement benchmarks to take the mystery out of retirement planning.

In this podcast episode Jason talks about worry and shares some insights that have helped him put worry in its place.

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 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 discovery session now by visiting Parker-Financial.net let us help you make the most of your retirement years.

In this podcast episode Jason gives you a few things to consider if you are thinking about paying off your mortgage before you retire.

Jason interviews Frank Ellerbroek who is a mortgage planning specialist.  A lot of people have been asking if they should consider a refinance of their mortgage while rates are low and if they should consider a forbearance, a HELOC or cash-out refinance during these difficult times.

In this episode Jason explores using a SPIA to increase your guaranteed income in retirement.

In this episode Jason talks about inflation and the impact it has on your purchasing power and what you can do about it.

In today's podcast episode, I want to explore how to evaluate if it makes sense to sell a rental property. Many people we have served over the years own rental properties and rental properties can be a great tool for retirement because they generate predictable inflation-adjusted income. However rental properties can have their drawbacks as well. In today's show, I am going to share the process that we use to help people evaluate if they should keep or sell a rental property from the perspective of retirement cash flow. With interest rates on fixed income being so low for so many years it had been hard to justify selling a rental property but with fixed income interest rates increasing and the appreciation of real estate starting to stall as a result of higher borrowing costs, the analysis is changing.

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 discovery session now by visiting Parker-Financial.net let us help you make the most of your retirement years.

You are listening to episode #435 and the title is: Pay Off Your Mortgage at Retirement or Invest? Pros and Cons Explained! This is one of the most common questions people face: Should you pay off your mortgage at retirement, or should you invest the money instead? This decision can have a significant impact on your financial security and peace of mind in retirement.

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 discovery session now by visiting Parker-Financial.net let us help you make the most of your retirement years.

In this podcast episode Jason interviews Ethan about his summer internship and we discuss a video about attitude and the books As a Man Thinketh and The Richest Man in Babylon.

Health savings accounts are the most incredible tool available for retirement savings. Unfortunately, too many people I meet are missing out on using HSAs as part of their retirement strategy. We are going to do a deep dive into HSAs, but...

They are best for people who do not have a lot of health care costs every year and have the money to make the maximum contributions to an HSA. They have triple tax advantages in that your contributions are tax-deductible, earnings grow tax-free, and withdrawals for qualified medical expenses are tax-free. You enjoy lower health insurance expenses compared to a low-deductible plan. You get tax deductions for contributions, tax-free growth, easy access to the money before age 59.5, you can have investment opportunities for long-term growth, and a plan to cover health-related expenses in retirement. Unlike a traditional IRA, there are no RMDs, and after age 65, you can access the money for non-medical expenses without the 20% penalty. You can delay reimbursements and allow your HSA to grow tax-free and then take a tax-free lump sum in the future. And once you turn age 65 and start Medicare, you can use your HSA to reimburse the costs of Medicare Part B and Part D or pay for Medicare Advantage plan premiums.

If you do not currently have an HSA, I highly recommend you visit SoundRetirementPlanning.com and click on episode 430 to start to review all of the resources I’ve made available for your review. 

The HSA is a powerful tool that can provide significant benefits for retirement planning and healthcare expenses. However, it's important to remember that the rules and regulations surrounding HSAs can be complex and require careful consideration.

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 discovery session now by visiting Parker-Financial.net let us help you make the most of your retirement years.

The #1 question people have as they prepare for retirement is "Have I saved enough?"  In this podcast episode Jason discusses his new book and explains how you can remove the guesswork so that you can enjoy a Sound Retirement.

Jason's new book is now available exclusively on Amazon and for a limited time you can purchase the book at a very low introductory price.

Retirement Calculator - How Much Money Do I need To Retire?

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:
Retirement Calculator - How Much Money Do I Need To Retire?

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

In this Easter special episode, Jason welcomes Tim Tenbrink as a guest to delve into the topic of biblical stewardship.

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 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 discovery session now by visiting Parker-Financial.net let us help you make the most of your retirement years.

Articles, links and resources mentioned in today's podcast can be found by clicking on Episode #415 at  https://soundretirementplanning.com/

In today's podcast episode I have the good fortune to interview Joe Hancock and Katie Warren who are with HighGround Advisors regarding Donor-Advised funds and charitable giving strategies. We cover a lot of the mechanics of donor advised funds such as how to set one up, how they work, fees associated with them and some of the tax benefits that come along with them.

One interesting aspect we discuss is how donor advised funds can be used as a tool for multi-generational giving and passing on philanthropic values to future generations. This is particularly relevant for families who want to involve their children in charitable giving. We explored various strategies, including bunching or bundling donations together in specific years to enhance itemized donations on your tax return or donating appreciated assets like business interests, mineral interests and real estate.

We also discuss qualified charitable distributions, charitable gift annuities and charitable trusts as alternative ways to support charities while also receiving potential tax benefits.

Throughout the conversation, Joe and Katie share valuable insights and tips for maximizing the impact of your charitable giving through donor advised funds. They also discuss the importance of doing research and due diligence before choosing a donor advised fund provider and why you will want to make sure the donor advised fund you choose aligns with.your values.

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:

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Jason's Books:
 Sound Retirement Planning
Retirement Calculator: How Much Money Do I need To Retire?

In this podcast episode Jason looks at the pros and cons of income riders on annuities.  He gives you questions to ask before you purchase one of these contracts.

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 how much I appreciate you. Thank you for telling your friends about the podcast and sharing the books and retirement budget calculator with the people you care about. I sure appreciate you.

With Christmas around the corner I am going to steel an idea from Oprah Winfrey and next week I am going to share with you some of my favorite things from 2023. From gadgets, to books, kitchen equipment, pickleball gear and clothes. If you find it difficult to come up with creative gift ideas I think you will enjoy next week's podcast.

It is my good fortune to have Wes Crill, PhD as a guest on the podcast today. Wes is a senior investment director and Vice President with Dimensional Fund Advisors. Prior to joining Dimensional, he was a PhD student studying materials science engineering at North Carolina State. His research focused on modeling engineering processes at a scale of 1 billionth the size of a human hair.

In today's podcast we discuss the difference between investing and gambling. The benefits of global diversification. Some of the nuances associated with only investing in the S&P 500 index. We discuss the life cycle theory of finance, should you buys gold, the reconstitution effect of index funds, the importance of having a financial plan, mutual funds vs ETF's, Why not all small cap investing is the same among fund providers. We discuss the science of investing and the pursuit of higher expected 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 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 discovery session now by visiting Parker-Financial.net let us help you make the most of your retirement years.

In this podcast episode Jason answers a listener question about making adjustments to the 4% withdrawal rule based on your age.  When is the 4% withdrawal rule applied?  Should you make an adjustment to the 4% withdrawal rule based on your age at retirement?

In today’s podcast, I have the pleasure of speaking with Martin, who retired at the age of 56. He shares his experiences, including how he spent the first two years traveling the country in an RV, what made him realize it was the right time to retire, and why he’s glad he made the decision to retire early. Martin also opens up about some of the challenges he’s encountered along the way.

In this episode Jason talks about the backdoor roth ira.

Will the outcome of the next presidential election have an impact on your investment strategy? Should it? Will you be making changes to your investments depending on who is elected?

Articles, Links & Resources Visit:
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In this podcast episode Jason talks about flashlights and pocket knives and how they relate to retirement planning.

Jason and Emilia discuss defensive planning in retirement. 

Are you ready to retire?

Are you ready to retire?

For today's podcast, I am interviewing a friend of mine who retired recently. Many of you will recognize Richard Tizzano, as he is an expert in Elder Law and estate planning, he is the author of a wonderful book on the subject called Accidental Safari and he has been a regular guest on Sound Retirement Radio. In today's show, we talk about his recent decision to retire and dig into the details. I'll have a link in the show notes to his book if you are interested.

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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 first step towards a sound retirement. Schedule your complimentary discovery session now by visiting Parker-Financial.net let us help you make the most of your retirement years.

In this episode Jason covers 7 of the most popular retirement withdrawal strategies.  For the resources mentioned in this show please visit SoundRetirementPlanning.com  Use the RetirementBudgetCalculator.com to understand the essential and discretionary expenses.

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 exploring the benefits of working with a financial advisor to optimize your financial well-being.

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 discovery session now by visiting Parker-Financial.net let us help you make the most of your retirement years.

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:
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Buy Jason's Book: Retirement Calculator: How Much Money Do I Need To Retire?

Articles, Links & Resources Visit:
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Buy Jason's Book: Sound Retirement Planning

In 2015 Fritz Gilbert had just started his blog called the Retirement Manifesto and at the time he was sharing our Sound Retirement Radio podcasts on Facebook. I reached out to him to see if he wanted to share his story on Sound Retirement Radio. I'll post this original interview in the show notes if you want to take a trip back in time and listen as he was just getting started with his blog. Since then Fritz has written a popular book called "Keys to a successful retirement" and he continues to write and publish articles on his very popular blog to talk about his journey into and through retirement. It was my good fortune to reconnect with Fritz and I am sure you are going to love this interview.

Articles, Links & Resources Visit:
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Are you DIY?  Be sure to check out the Retirement Budget Calculator

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Buy Jason's Book: Retirement Calculator: How Much Money Do I Need To Retire?

Jason does a reading from his book, Sound Retirement Planning.  

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, 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 discovery session now by visiting Parker-Financial.net let us help you make the most of your retirement years.

Jason interviews Mike about his recent transition into retirement. 

In today's podcast Jason interviews the retirement travelers John & Bev about their retirement journey and their travel in the USA and around the world.

Retirement Travelers YouTube

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Sound Retirement Planning

In today's podcast episode, Jason shares three key numbers essential for retiring with confidence. He's interviewed by Ashley Micciche from the Retirement Quick Tips Podcast. Don't forget to check out Ashley's podcast: Retirement Quick Tips.

Articles, Links & Resources mentioned in today's show can be found at https://soundretirementplanning.com.

If you enjoy todays podcast be sure to share it with a friend and leave us a 5 star review.

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 research 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 discovery session now by visiting Parker-Financial.net let us help you make the most of your retirement years.

Jason and Dan discuss health and exercise as you age. 

Dan Hollingsworth is the owner of Kitsap CrossFit in Poulsbo, WA. He holds a Masters Degree in Physical Therapy and a Bachelor's Degree in Exercise Science. In addition to owning and operating his gym he also is a member of the CrossFit Seminar Staff and travels the world teaching the CrossFit methodology to new trainers. He is passionate about helping people change their lives through fitness. Outside of CrossFit he enjoys running, cycling and triathlons as well as traveling with his wife, Amy and 2 daughters, Piper and Sophie.

To learn more visit: Washington Post: Strength training is vital in avoiding injuries and staying independent as you age

Jason and Brett discuss investing in real estate to help generate cash flow.  

Brett Warner is the owner of Strategy Real Estate in Silverdale, WA. 

To learn more visit: www.strategyrealestate.net

Market volatility can be incredibly stressful for those who are approaching retirement or are already retired. In September, we saw a sharp decline in the stock market, leaving many investors feeling worried about their financial future. However, there are retirement strategies that can help mitigate the effects of market volatility.

Articles, Links & Resources Visit:
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Are you DIY?  Be sure to check out the Retirement Budget Calculator

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Buy Jason's NEW Book: Retirement Calculator: How Much Money Do I Need To Retire

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 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 discovery session now by visiting Parker-Financial.net let us help you make the most of your retirement years.

In this podcast episode Jason asks the question do you need long term care insurance.  

In today's podcast we cover a lot of retirement topics. The reason I wanted to share this podcast episode with you is because we talked about finding purpose in this next phase of life. I want all of the people who listen to Sound Retirement Radio to achieve Clarity, Confidence and Freedom and I want you to retire too something, not from something. In this podcast we discuss 7 exercises you can use to help you achieve a greater sense of clarity.

The free PDF document we discuss in this episdoe will be made available as a link on Sound Retirement Planning.com. If you are preparing for retirement be sure to go through the 7 exercises so that you can have a greater sense of clarity as your prepare for retirement.

When you know what is most important in life it makes it easier to prioritize your most valuable resource, your time.

I hope you enjoy this podcast episode.

As always articles, links and resources will be available at SoundRetirementPlanning.com just click on episode #424

I recently had the opportunity to speak with Heidi Thorsen, a passionate teacher of Guided Autobiography classes which she conducts via Zoom. Heidi leads classes to help people capture their life stories and turn them into meaningful memoirs that can be shared for generations to come.

If you want to learn more be sure to visit tyememoirs.com

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:

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Buy Jason's Book: Sound Retirement Planning

www.SoundRetirementPlanning.com

Jason and Emilia discuss how much risk as you head into retirement. 

Here is a question for you to consider.
What's the point of accumulating wealth for retirement if poor health prevents you from enjoying it?

Recenlty I have had people noticing that I have lost weight, commenting on how skinny I have become and asking me what I was doing. And I have to tell you I am feeling great. So in todays podcast I'm going to share with you what changed and how I've been able to lose 20 pounds in four months and also lose the belly fat. I'm going to share my diet and exercise routines and the technology I used to record my progress.

In this episode Jason talks about the pros and cons of strategic and tactical investment management in retirement.  Be sure to visit soundretirementplanning.com for all of the links to the topics covered.