Monthly Archives: April 2022

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S4: Episode 8 – Taxes in Retirement – 5 Topics to Be Aware of

Finance, Financial, Financial Planning, Insurance, Retirement, Taxes, , , , , , , , , , ,

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Host Stephen Stricklin and Co-Host Paul Brock take on the topic of taxes in retirement in today’s episode, appropriately released on the tax filing deadline date of 2021. An exciting day for some, and dreaded for others, it’s a reality of our financial life we cannot avoid, and certainly a factor to consider when planning for retirement. 

Stephen and Paul take a deep dive into some tax lingo. They bring listeners through five topics pertaining to taxes and retirement: Tax Planning, Effective vs. Marginal Tax Rate, Capital Gains, Social Security benefits and Medicare. They give clarity to these terms, and give examples of scenarios from the point of view of a married couple filing jointly. 

Financial peace comes from having a plan, and having a base understanding of these commonly talked about concepts will help set you up for a successful and peaceful retirement. 

Stephen and Paul Discuss: 

  • Tax Planning; making sure you have a plan to deal with increasing taxes in retirement
  • Effective Tax Rate vs. Marginal Tax Rate
  • Capital Gains; short term vs. long term
  • Taxation on Social Security benefits
  • Medicare; IRMAA 
  • Future FAQ episodes to come 

Resources:
Do you have a question to ask for an upcoming podcast episode, or want a FREE copy of our book, Simplify Your Retirement? If so, email:
info@simplifyyourretirement.com
http://www.simplifyyourretirement.com/book
US Debt Clock Link

Connect With Stephen Stricklin:
stephen@wisewealth.com
WiseWealth.com
Simplify Your Retirement
LinkedIn: Stephen Stricklin
LinkedIn: Wise Wealth LLC

 

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S4: Episode 7 – Non-Financial Mistakes to Avoid in Retirement Planning with Samantha Lane

Finance, Financial, Financial Planning, Insurance, Retirement, Taxes, , , , , ,

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Retirement is not a cliff to jump off of, but an opportunity to build bridges grounded with your values and strengths.

In this episode, Stephen Stricklin is joined by guest Samantha Lane, an Associate Certified Coach who most often works with men and women making the huge transition to retirement. Samantha is passionate about helping individuals through major life changes, and being a guiding light for clients to find balance and satisfaction in their life as retirees. 

Samantha walks us through six non-financial mistakes people make going into retirement, identifying them and giving tips on how to combat them. She brings up some misconceptions many people have about retirement, and encourages listeners to be proactive about their expectations, so that they can have a fulfilling life in retirement. 

Samantha alleviates the heaviness that the new chapter of retirement can bring. The question of “what do I do next?” can be daunting. You don’t need to have all twenty years of retirement planned out, what you need to know is just the next right step forward. 

Samantha discusses:

  • The longevity of life for the average retiree.
  • How she found a life coach, in Minnesota and found clarity to do what she’s doing now.
  • Moving back to Kansas City and starting her own coaching business in 2016.
  • The longevity of your life being tied to your social wellness
  • Six non-financial mistakes people make going into retirement 

Resources:
https://simplifyyourretirement.com
https://www.lumina-coaching.com/
Season 3 Episode 1
Season 3 Episode 2
Season 1
Season 3 Episode 9
https://simplifyyourretirement.com/book/
info@simplifyyourretirement.com

Connect With Samantha Lane:
https://www.lumina-coaching.com/
LinkedIn: Samantha Lane AAC, ICF

Connect With Stephen Stricklin:
stephen@wisewealth.com
WiseWealth.com
Simplify Your Retirement
LinkedIn: Stephen Stricklin
LinkedIn: Wise Wealth LLC

About Our Guest:
Samantha Lane is an Associate Certified Coach with the ICF. She launched Lumina Coaching in May 2016 and has since served dozens of people in support of their best life. She’s a Life Coach passionate about helping people get “unstuck” and gain awareness on developing their personal sense of balance, wellness, and success in life.

She most often works with men and women making the huge transition to retirement; understanding that this life change is not a cliff to jump off of, but an opportunity to build bridges grounded with your values and strengths. When she’s not on a coaching call, you can find her walking her Chocolate Lab, Leo, hanging out with her nieces or nephews, or on a yoga mat.