Functional Retirement Podcast

Step-Up in Basis: A Tax Break for Your Heirs | #063 The Functional Retirement Podcast

Fri, 22 May 2026 07:00:00 -0400

The step-up in basis is a tax benefit that many retirees may have heard of but often do not fully understand. This concept can significantly impact estate planning and tax liabilities for heirs, potentially saving families hundreds of thousands or even millions of dollars. In this discussion with Financial Planner Thatcher Taylor, we will delve into what the step-up in basis is, how it works, and its implications for estate planning.

The step-up in basis is particularly beneficial for assets held in taxable brokerage accounts, such as stocks, bonds, and real estate. It allows heirs to avoid significant tax liabilities that would otherwise arise from the appreciation of these assets over time. For many families, this can mean substantial savings in taxes, making it a meaningful consideration in estate planning.

00:11 Step-up in basis explained.

5:44 Step-up in basis benefits.

11:24 Community property states benefits.

12:41 Step up in basis benefits.

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DISCLAIMER: The information provided in these episodes is only to be considered helpful hints and education. Nothing said or shown is to be misconstrued as specific tax, legal, or investment advice. Consult with your tax, legal, or investment professional before acting on anything you see in these videos.

Investment Advisory Services are offered through ProPath Financial, a registered investment adviser authorized to do business in states where registered or otherwise exempt from registration. Nothing discussed in this podcast should be viewed as investment advice.

Where Will You Live as You Age? | #062 The Functional Retirement Podcast

Fri, 15 May 2026 06:00:00 -0400

In this episode, Financial Planner Thatcher Taylor discusses late-life housing and care options. As individuals approach retirement and later life, planning for housing and care becomes crucial. Understanding these options can help retirees and their families make informed decisions.

1. Aging in Place

2. Independent Living Communities

3. Assisted Living

4. Memory Care

5. Skilled Nursing Facilities

6. Continuing Care Retirement Communities (CCRCs)

Each of these six options presents unique advantages and challenges. The right choice depends on individual health, financial situation, personal values, and family dynamics. Early planning and open conversations about these options can help ensure that retirees and their families are prepared for the future, avoiding last-minute decisions made under pressure.

Social Security Delay Decision | #061 The Functional Retirement Podcast

Fri, 08 May 2026 08:00:00 -0400

The decision of when to claim Social Security is highly personal and can have lasting financial implications. While waiting until age 70 may be beneficial for some, it is not a one-size-fits-all solution. A thorough analysis that considers individual circumstances, risk factors, and the dynamics of married couples can help retirees make informed decisions that align with their retirement goals. As always, consulting with a financial planner can provide tailored advice to navigate this critical decision effectively.

Several factors can influence whether delaying Social Security is the right choice for an individual:

Health Concerns: If you have serious health issues or a family history of shorter life expectancy, the rationale for delaying benefits diminishes.
Portfolio Balances: Individuals with lower portfolio balances may face a different set of challenges.
Behavioral Factors: Emotional considerations, such as the risk of regret, also play a role in the decision-making process.

Ultimately, Social Security serves as a crucial financial instrument that can hedge against longevity, inflation, and poor investment returns. By understanding the mechanics and risks involved, retirees can navigate this decision more effectively and reduce the potential for regret.

Thank you for joining me on the Functional Retirement Podcast. If you found this episode valuable, please share it with someone approaching retirement or in need of a better strategy. I'm Thatcher Taylor, and I'll see you next time.

Avoiding the "Too Much Deferral" Problem | #060 The Functional Retirement Podcast

Fri, 01 May 2026 08:00:00 -0400

In this episode of the Functional Retirement Podcast, host Thatcher Taylor, a Certified Financial Planner, dives into a practical scenario involving a couple, Dan and Sally, who have just retired. With a combined need of $72,000 per year from their investment accounts to supplement their Social Security income, Thatcher explores the complexities of determining which accounts to draw from—traditional IRA, Roth IRA, or taxable brokerage account. He emphasizes that the answer is not straightforward and depends on various factors, including tax brackets, future distribution requirements, Medicare considerations, and estate planning goals. Listeners are encouraged to think critically about their own retirement planning and the unique variables that impact their income distribution strategies. Tune in for an insightful discussion on navigating retirement finances effectively.

[00:02:23] Withdrawal sequencing strategies.

[00:05:58] Withdrawal strategies and tax implications.

[00:09:31] Roth IRA withdrawal strategy.

[00:13:01] Tax deferral strategies in retirement.

[00:17:02] Retirement income tax strategies.

[00:20:57] Managing tax brackets in retirement.

[00:25:40] Roth conversion strategies for retirement.

[00:28:50] Medicare IRMA surcharge explained.

[00:33:30] Tax strategies in retirement income.

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DISCLAIMER: The information provided in these videos is only to be considered helpful hints and education. Nothing said or shown in any of these videos is to be misconstrued as specific tax, legal or investment advice. Consult with your tax, legal or investment professional before acting on anything you see in these videos.

Will Your Emotions Spend Too Little In Retirement? | #059 The Functional Retirement Podcast

Fri, 24 Apr 2026 06:00:00 -0400

In this episode of the Functional Retirement Podcast, we tackle one of the most common questions I receive from clients: "Will I run out of money in retirement?" While this is a valid concern, research shows that the bigger issue for many affluent retirees is not running out of money but rather not spending enough of it. This episode delves into the concept of the "retirement consumption gap" and the "spending paradox."

We explore the behavioral phenomenon affecting many retirees, particularly those who have diligently saved and built a certain lifestyle. Despite having sufficient funds, these individuals often fail to spend their annual income, let alone dip into their principal. This cautious approach stems from various factors, including the fear of the unknown, the saver's identity, and the mathematical logic supporting early restraint.

I discuss a study published in the Journal of Financial Planning, which found that affluent retirees often underspend relative to what their assets can support. This behavior is influenced by longevity risk, the ingrained habit of saving, and the need for portfolio growth in the early years of retirement.

To address this issue, I offer three practical ideas:
1. Get Clarity on Your Real Number: Understand your current living costs, including taxation, and stress-test your financial plan to ensure it can sustain various scenarios.
2. Separate Your Money: Distinguish between non-negotiable expenses, living expenses, and lifestyle money to make more informed spending decisions.
3. Focus on Health: Your physical and mental health significantly impact your ability to enjoy retirement. Being healthy allows you to spend more actively and efficiently.

The episode emphasizes the importance of balancing experiences, generosity, and happiness with maintaining a certain portfolio balance. Your portfolio should be viewed as a tool, not a trophy. The ultimate goal is to live a fulfilling retirement, enjoying the fruits of your labor without undue anxiety about running out of money.

If this episode resonated with you and you're unsure whether your plan allows you to spend confidently, I invite you to reach out for a complimentary conversation. Let's work together to create a specific strategy tailored to your situation and goals.

1 Year Before Retirement Checklist | Retirement Countdown Part 3 | #058 The Functional Retirement Podcast

Fri, 04 Jul 2025 08:00:00 -0400

If you’re just one year out from retirement, the planning phase should be behind you. This episode is all about shifting from prep mode to game day execution. Your income, healthcare, and lifestyle decisions should already be mapped out—now it’s time to focus on making it all happen. We’ll walk you through what the final stretch looks like, what not to stress about, and why midnight spreadsheet sessions are no longer the vibe. Let’s make this last lap count!

Timestamps:
1:02 Game day execution for retirement.
6:30 Retirement planning and purpose.
9:46 Retirement preparation and planning.

5 Years To Avoid Retirement Regret | Retirement Countdown Part 2 | #057 The Functional Retirement Podcast

Fri, 27 Jun 2025 10:00:00 -0400

Hi everyone, welcome back to your classroom. Today, we're diving into part two of our retirement countdown series, focusing on what you need to consider when you're five years out from retirement. If you missed the previous episode, we discussed the preparations needed when you're ten years out. Now, let’s get into the critical steps for the five-year mark.

Timestamps:
1:25 Retirement preparation timeline.
4:18 Retirement planning strategies.
9:14 Retirement planning five years out.

What To Do 10 Years Before Retirement | Retirement Countdown Part 1 | #056 The Functional Retirement Podcast

Fri, 20 Jun 2025 10:00:00 -0400

Most of my clients are over the age of 50, and I’ve noticed that as you get closer to retirement, your thought process evolves. Instead of one long discussion, I thought it would be more beneficial to break it down into manageable segments. This way, you can focus on the timeframe that’s most relevant to you.

In this first episode, we’ll talk about what you should be doing 10 years out from retirement. Next week, we’ll cover the 5-year mark, and the following week, we’ll discuss the final year before you retire.

Stay tuned for next week’s episode, where we’ll discuss what to focus on 5 years out from retirement. If you have any questions or want to learn more about financial planning, feel free to reach out to me at ProPathFinancial.com. See you next time!

Timestamps:

0:27 Preparing for retirement stages.

5:08 Retirement planning strategies.

9:57 Social Security and retirement planning.

12:05 Retirement preparation strategies.

Retirement Taxation By Account Type I Ep:055

Sat, 07 Jun 2025 10:00:00 -0400

Where will your retirement income come from, and how will it be taxed? This is a crucial question every retiree needs to understand.

A client recently shared an intriguing Instagram post that highlighted how the average American retires at 64 and may only enjoy about 12 years of good health in retirement. This sparked a discussion about the importance of investing in health alongside financial assets.

Your health significantly impacts your retirement income strategy. A mix of taxable, tax-deferred, and tax-free accounts allows you to control your taxable income each year, helping to manage expenses like Medicare surcharges and tax brackets.

Timestamps:

03:01- Invest in your health.

05:46- Retirement income sources and taxes.

10:36- Roth IRA tax benefits.

14:03- Tax-efficient withdrawal strategies.

18:01- Real estate and income taxation.

20:55- Managing retirement income taxes.

What Does Retirement Really Look Like I Ep: 054

Fri, 23 May 2025 08:00:00 -0400

Retirement is Not Just One Thing: The traditional view of retirement—working until a certain age and then sailing off into the sunset—is just one of many paths. Whether you’re considering the FIRE movement (Financial Independence, Retire Early), semi-retirement, or even a career shift, it’s crucial to define what retirement means to you. Understanding your vision will help you create a tailored financial plan that aligns with your goals.

Timestamps:

02:15- Traditional retirement options explained.
5:47- FIRE movement challenges.
8:17- Semi-retirement and flexibility.
14:23- Work optional retirement.
16:10- Retirement planning and work.
19:06- Defining your retirement version.

Living Longer, Spending Smarter: A Retirement Reality Check I Ep:053

Fri, 09 May 2025 10:00:00 -0400

Welcome back to the Functional Retirement Classroom, where we trade boring lectures for laughs, spreadsheets, and slightly-too-real truths about your financial future. Today’s lesson? Longevity! (Yes, that thing where you live way longer than you thought—and your bank account wasn’t ready for it.)

Did you know there’s a 70% chance one half of a non-smoking couple aged 65 will make it to 90? That’s not a fun fact—it’s a financial wake-up call. In this episode, we dive into what it really means to plan for the long haul (like, potentially 30 years of retirement-long). Spoiler: if you treat your savings like a Vegas weekend, you might end up with a very quiet final act.

So grab your coffee, crack open that dusty life expectancy chart, and let's make sure your golden years don’t end in bronze.

Timestamps:
1:06: Retirement planning principles.
4:06: Planning for a long life.
8:43: Social Security decision-making importance.
11:27: Rising Medicare costs with age.
16:27: Taxable accounts for investment flexibility.
18:22: Long-term investment strategies.

Why 'Trust Me' Should Make You Ask More Questions-Advice I Ep 052

Fri, 02 May 2025 10:00:00 -0400

When you're getting advice—especially about your money or retirement—don’t just nod and smile like you’re at a grandkid’s school play. Ask questions! Stuff like, “How do you know that?” or “Why is this the right choice for me?” The goal isn’t to be rude, it’s to make sure the person advising you understands you. A good advisor won’t hand you a cookie-cutter answer—they’ll dig in, get to know your situation, and help you make decisions that fit your life, not someone else’s. So go ahead, ask away. You've earned the right.

Timestamps:
0:18 Trusting the wrong advice.
6:39 Retirement planning and bad advice.
10:15 Social Security Optimization Risks.
12:33 Evaluating financial advice credibility.
15:34 The cost of bad advice.
19:40 Finding a trustworthy financial advisor.

Retired, Not Expired: Move It or Lose It I Ep: 051

Fri, 25 Apr 2025 10:00:00 -0400

Retirement isn’t just about crunching numbers and counting down to your last paycheck—it’s about living your best life. Sure, savings and social security matter, but as we chat about in this episode, your physical, mental, and emotional well-being are the real VIPs of a happy retirement. Feeling good in your golden years? That’s the real return on investment. Let’s break down how staying sharp, strong, and centered can totally level up your retirement game.

Timestamps:

1:12 Health impacts on retirement decisions.
6:14 Fitness affects financial future.
9:50 Longevity through cardiovascular fitness.
15:32 Mental health and retirement spending.
16:36 Mental and emotional fitness benefits.
20:31 Spending aligned with purpose.
24:36 Functional retirement lifestyle changes.

Beyond the Finish Line: Creating a Retirement You Control I Ep: 050

Fri, 18 Apr 2025 10:00:00 -0400

Retirement is often perceived as a definitive endpoint in one’s career—a time when individuals stop working altogether. However, as discussed in the 50th episode of the Functional Retirement Podcast, retirement is much more nuanced than simply ceasing to work. It represents a significant life transition, fundamentally about gaining control over your time and life, allowing you to pursue what you truly want to do.

Timestamps:

00:00 - Introduction and Podcast Focus
00:00:49 - Defining Retirement
00:02:24 - Host’s Fitness Background
00:02:46 - Traditional vs. Modern Retirement
00:05:05 - Transitioning in Retirement
00:06:10 - Financial Independence and Control
00:08:07 - Challenges and Planning for Retirement
00:10:07 - Sources of Retirement Income
00:14:05 - Health and Wellness in Retirement
00:17:00 - Full Control and Lifestyle Choices
00:18:27 - Conclusion and Next Steps

Why Staying Invested Is Your Greatest Advantage I Ep: 049

Fri, 11 Apr 2025 10:00:00 -0400

In this episode of the The Functional Retirement Podcast, host Thatcher Taylor discusses the importance of understanding market volatility and its impact on retirement planning. He reflects on the 2008-2009 market crash, emphasizing that many investors who panicked and sold during downturns often locked in losses, while those who stayed invested saw significant recovery.

Thatcher advocates for a bucketing approach to investing, where assets are segmented based on when they will be needed, allowing retirees to weather market fluctuations without jeopardizing their financial security. He encourages listeners to focus on controllable factors, such as spending habits and mindset, and highlights the long-term benefits of remaining invested, even during market downturns.

0:22 - 0:32 – Investment Analogy: 2008-2009
2:23 - 3:06 – Paper Losses vs. Real Losses
4:19 - 4:54 – Investment Management in Retirement
7:15 - 7:38 – Dynamic Spending Strategy
8:55 - 9:22 – Long-Term Investment Opportunities
13:31 - 13:53 – Impact of Missing Best Market Days

Your Lost Income. Is Social Security Running Out Of Money? I Ep:048

Fri, 21 Mar 2025 13:00:00 -0400

Understanding Social Security: Is It Really Running Out of Money?

In recent years, the topic of Social Security has become a significant source of anxiety and confusion for many Americans. With headlines suggesting that Social Security is running out of money, it's essential to separate fact from fiction and understand the realities of the system.

Timestamps:

00:00 Intro
03:30 No Money In Trust Fund
05:10 Two SS Views
07:38 Will Benefits Be Cut?
12:15 What Should We Do?
14:10 Final Thoughts

You Can't Control All Of Retirement I Ep: 047

Fri, 14 Mar 2025 10:00:00 -0400

Hey there! Have you ever thought about what you can truly control in your retirement? It’s a lot like golf, isn’t it? You can perfect your swing, but once you hit the ball, it’s out of your hands.

Are you spending too much time worrying about market returns or tax policies that you can’t control? What if I told you that focusing on your savings, spending habits, and investment choices could lead to a happier retirement?

Have you considered how your health and longevity play into your retirement plan? What actions are you taking today to ensure a longer, healthier life?

Let’s dive into the retirement equation together. Are you ready to take control of your financial future? Join me in exploring what’s truly in your hands!

Timestamps:

0:00 – 2:14: Intro – Podcast kickoff & golf analogy for retirement controllables.
2:14 – 3:28: Focus on Controllables – Why they matter in retirement planning.
3:28 – 6:22: Out-of-Control Factors – Market returns, tax policy, and uncertainties.
6:22 – 9:04: Partial Control – Earnings, longevity, and their impact.
9:04 – 12:28: Longevity’s Role – Why it’s crucial in retirement planning.
12:28 – 16:10: Total Control Areas – Saving, spending, and investment choices.
16:10 – 20:52: Conclusion – Key takeaways and additional resources.

IRS Makes 401k Catch-Ups Mandatory To Roth I Ep: 46

Fri, 28 Feb 2025 10:00:00 -0500

Welcome to the Functional Retirement Podcast with your host, Thatcher Taylor! In this episode, we dive deep into the world of Roth catch-up contributions and the significant changes coming in 2026 that every retiree needs to know. If you're over 50 and working for an employer with a 401(k), this episode is a must-listen!

Discover how the Secure Act 2.0 is reshaping retirement planning by making Roth catch-ups mandatory for high-income earners. Thatcher breaks down the implications of these new rules, including the shift from pre-tax to Roth contributions, and what it means for your tax strategy and retirement income.

Learn about:

The differences between pre-tax and Roth contributions
How to navigate the new mandatory Roth catch-up rules
Strategies for maximizing your retirement savings
The importance of planning for tax-free income in retirement

Whether you're cooking, working out, or just taking a walk, tune in to gain valuable insights that can help you secure your financial future. Don't forget to like, subscribe, and share to support the growth of the podcast!

Join us on this journey to a more informed retirement. Your future self will thank you!

Timestamps:

0:03 - Intro & importance of facts
0:37 - Financial planners, IRS & Roth catch-ups
2:03 - 50+ with 401k & contribution limits
4:22 - Secure Act 2.0 & mandatory Roth catch-ups
6:36 - Tax changes & future Roth benefits
9:20 - RMDs, affected plans & income thresholds
11:00 - Compliance, planning & deductions
13:15 - Closing & next steps

The IRS Doesn't Make Roth IRA Building Easy I Ep: 045

Sat, 22 Feb 2025 10:00:00 -0500

In this episode of the Functional Retirement Podcast, host Thatcher Taylor, a Certified Financial Planner, dives deep into the world of Roth IRAs. He discusses the growing popularity of Roth accounts and the various methods to contribute to them, especially for those who may face income limits.

Key topics include:

Income Limits: Understanding the thresholds for contributing to a Roth IRA and how they can affect your ability to save.
Conversions: Learn about the process of converting traditional IRA funds to a Roth IRA, including the important 5-year rule that governs when you can access those funds tax-free. Watch my video here: https://www.youtube.com/watch?v=SjGV6UQ1l04
Backdoor Roth IRA: A strategy for high-income earners to bypass contribution limits through a non-deductible traditional IRA.
Roth 401(k): The benefits of contributing to a Roth 401(k) at work, which has no income limits.
529 Plan Rollovers: A new opportunity to roll over funds from a 529 plan to a Roth IRA for your children, starting in 2024.

Thatcher emphasizes the importance of understanding the different methods of getting money into a Roth IRA and how each has its own rules and implications. This episode is packed with valuable insights for anyone looking to optimize their retirement savings strategy.

Tune in to learn how to create a more functional and valuable retirement plan!

Timestamps:

00:00 Intro
01:32 Roth Knowledge
05:50 Contributions
09:20 Conversion
13:10 Backdoor Roth
19:00 Roth 401k
23:05 529 to Roth
26:20 Review

Trump Won't Save Social Security Taxation | Ep: 44

Fri, 14 Feb 2025 10:00:00 -0500

We're discussing a crucial topic: the taxation of Social Security benefits. Many retirees are unaware that up to 85% of their Social Security income could be taxable, depending on their overall income.

Recently, there have been discussions about eliminating this tax, which could save retirees thousands annually. However, whether this change occurs or not, understanding how Social Security benefits are taxed is essential for effective retirement planning.

Timestamps:

0:34 -Taxation of Social Security Benefits

1:19-Importance of Understanding Taxation

1:50 -Complexity of Taxes in Retirement

03:14 -Provisional Income Calculation

4:49 -Taxation Thresholds

6:47 -Social Security Tax Trap

14:39 -Strategies to Manage Taxation

19:04-Conclusion

Retirement Can Be Your Masterpiece. Your Pieta I Ep: 43

Fri, 31 Jan 2025 09:00:00 -0500

Just like Michelangelo saw the masterpiece within the marble, you can envision your ideal retirement! Where do you want to live in retirement? What lifestyle do you envision?

Your retirement is more than just finances; it’s about mindset and health too! Discover how to refine your retirement plan and ensure a fulfilling lifestyle

Timestamps:
00:00 Intro
04:20 Vision
08:10 Foundation
13:55 Patience
19:20 Mistakes
23:00 Polish

The 401k Is More Powerful Than You Even Know | Updates for 2025

Fri, 24 Jan 2025 07:00:00 -0500

Let's explore the incredible potential of 401k plans as essential tools for retirement planning. Did you know that as of 2024, there are over 500,000 401k accounts with balances exceeding a million dollars? That's a testament to the power of consistent contributions and smart investing!

Timestamps:
:00 - Introduction
:16 - Importance of 401(k) plan
2:01 - Maximizing 401(k) benefit
6:30 - Contribution limits for 2025
10:00 - Employer matching strategies
12:08 - Tax advantages of 401(k) plans
16:41 - Investment options
19:16 - Rollover and withdrawal rules
26:47 - Common mistakes to avoid
30:00 - Conclusion and final thoughts

Average Net Worth Is Ridiculous I Ep: 41

Fri, 17 Jan 2025 09:00:00 -0500

Hey everybody, welcome back to your classroom. Thatcher Taylor here, owner of ProPath Financial. Today, I want to discuss why the average net worth figures you often see are misleading and don't provide meaningful insights for your retirement planning.

If you need assistance with finding your personalized number for retirement, click this link. Please like, subscribe, and share this podcast to help us grow. Thank you for joining me today!

Big Social Security Changes in 2025 I Ep. 40

Fri, 10 Jan 2025 09:00:00 -0500

Are you ready to unlock the secrets of Social Security in 2025?

Join Thatcher Taylor on the latest episode of the Functional Retirement Podcast as he dives deep into the significant changes that could impact your retirement income. From a 2.5% cost of living adjustment to the groundbreaking Social Security Fairness Act that eliminates the windfall elimination provision, this episode is packed with essential insights for anyone navigating the complexities of Social Security.

Whether you're already receiving benefits or planning for the future, Thatcher's engaging and informative style will help you understand how these changes can affect your financial landscape. Don't miss out on this opportunity to empower your retirement strategy!

0:10 - Introduction and Podcast Growth
1:02 - Podcast Format Changes
3:04 - Social Security Changes Overview
3:27 - Cost of Living Adjustments (COLA)
5:04 - Maximum Taxable Earnings Increase
7:08 - Social Security Tax Breakdown
9:06 - Earnings Limit for Early Social Security Beneficiaries
12:12 - Social Security Fairness Act Introduction
15:00 - Windfall Elimination Provision (WEP)
16:06 - Government Pension Offset (GPO)
18:06 - Medicare Part B Premiums
20:22 - Planning and Preparation for Social Security
21:15 - Conclusion and Call to Action

How Do Retirement Taxes Work? A Deep Dive into Taxes in Retirement I Ep: 039

Fri, 17 May 2024 10:00:00 -0400

On this episode of the Functional Retirement Podcast, host Thatcher Taylor, delves into the relationship between taxes and retirement planning. He emphasizes the importance of considering tax implications not just for the current year, but for the entire span of retirement. Thatcher highlights the need to strike a balance between saving now and enjoying the benefits later, cautioning against focusing solely on preserving portfolio value in retirement. Tune in to learn more about optimizing tax savings throughout your retirement journey.

Timestamps:
02:16 Retirement spending and taxation.
06:30 Understanding effective tax rates.
08:09 Navigating tax brackets in retirement.
12:43 Tax implications of retirement withdrawals.
19:17 The tax trap.
20:13 Taxes in retirement dynamics.

Should My Retirement Portfolio Be 100% Equities

Thu, 09 May 2024 21:00:00 -0400

"High portfolio variability can lead to sleepless nights for clients, which can then result in poor investment decisions."

Exploring the Viability of a 100% Equity Portfolio in Retirement

In the most recent episode of The Functional Retirement Podcast, Thatcher Taylor delves into the concept of maintaining a 100% equity portfolio during retirement. While acknowledging that this approach may not suit everyone, the host suggests that it could be a viable option depending on individual circumstances and risk tolerance. The discussion underscores the importance of comprehending the inherent variability of a portfolio when selecting the most suitable investment strategy for retirees.

The episode showcases a real-life client scenario where transitioning from a conservative model to a moderate 60-40 portfolio with increased equity exposure resulted in higher retirement spending while still ensuring a high probability of success. This example illustrates how a shift towards equities can impact income distribution and overall financial outcomes during retirement.

Moreover, the episode references Morningstar research indicating that a 100% equity portfolio can lead to larger distributions in retirement but also carries increased risk and the potential for lower assets at the end of life. The research suggests that the optimal asset allocation and distribution strategy depend on factors such as risk tolerance, probability of failure, and desired spending levels.

Ultimately, the episode concludes that while a 100% equity portfolio may not be suitable for all retirees, finding the right allocation that balances risk and return based on individual circumstances is crucial. By considering factors like longevity risk, inflation, and market volatility, retirees can tailor their investment approach to effectively meet their financial goals and retirement needs.

[00:00:49] Portfolio variability in retirement.

[00:05:07] Asset Allocation Adjustment.

[00:09:28] Retirement income strategies.

[00:15:00] Sustainable withdrawal rates.

[00:17:20] Maximizing Portfolio Distributions.

[00:21:05] Importance of equities in retirement

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Morningstar

Should You Name Your Trust As Your IRAs Beneficiary? I Ep:037

Fri, 26 Apr 2024 10:00:00 -0400

Naming a trust as the beneficiary of an IRA can be a complex process that often requires guidance from a professional, such as an estate planning attorney. As discussed in the podcast episode, this decision involves various intricate considerations and potential implications that necessitate expert advice to navigate effectively.

If you have questions or need further guidance on estate planning and retirement strategies, contact Thatcher Taylor at ProPath Financial or consult an estate planning attorney for personalized advice. Stay tuned for more insightful episodes on retirement planning and financial management.

Timestamps:
0:38 Naming IRA Beneficiary as Trust.
06:05 Inherited IRA distribution rules.
10:04 Reasons for using a trust.
14:08 Trusts for IRA beneficiaries.
18:47 Using a trust as beneficiary.
19:29 Retirement planning journey.

Retirement Withdrawal Strategies For More Income In Retirement I How Retirement Works I Ep: 036

Fri, 19 Apr 2024 10:00:00 -0400

In episode 36 of the Functional Retirement Podcast, host Thatcher delves into retirement withdrawal strategies to potentially increase income. From discussing the challenges of retirement spending to exploring various strategies like the 4% rule, variable spending, buffer assets, insurance and investments, and tax-efficient withdrawals, this episode offers valuable insights for planning a secure retirement.

See Referenced Chart Here:
https://retirementresearcher.com/dashboard/

🔗 For more details and to access the supplemental blog, visit https://www.propathfinancial.com/post/moreretirementincome

Time Stamps:
0:49 Retirement withdrawal strategies.
4:23 Accumulation vs. decumulation.
10:49 Retirement Investment Strategies
14:26 Maximizing retirement income strategies.
16:15 Buffer assets for retirement.
19:15 Reverse Mortgage Strategy
23:52 Guaranteeing income with annuities.
27:13 Maximizing retirement income strategies.

9 Places To Put Cash When Income is too High for a Roth IRA

Fri, 12 Apr 2024 10:00:00 -0400

In this episode, Thatcher covers options such as Roth conversions, backdoor Roth contributions, non-deductible IRA contributions, taxable brokerage accounts, 401ks, life insurance, annuities, paying off your mortgage, and investing in real estate.

If you want to learn more about these options and how to choose the right one for your financial situation, make sure to listen to the full episode. For a detailed list of the alternatives discussed, visit www.propathfinancial.com/post/nine-roth-alternatives.

Don't miss out on valuable financial insights and tips. Like, subscribe, and follow the Functional Retirement Podcast on your favorite platform. For personalized financial advice or to ask questions, reach out at Thatcher@propathfinancial.com.

Stay tuned for more episodes and remember, financial planning is key to securing your future. Thank you for listening!

Can You Really Pay $0 Taxes in Retirement? I Exploring The Possibilities. I Ep: 034

Fri, 05 Apr 2024 11:00:00 -0400

Hey everyone! Thatcher Taylor here, your host of the Functional Retirement Podcast. I am thrilled to announce the release of our latest episode, where we dive deep into the topic of paying $0 in taxes during retirement. In this episode, we explore various strategies and options to reduce your tax burden and potentially achieve a tax-free retirement.

If you have any questions or specific topics you'd like Thatcher to address, feel free to comment below or reach out via email. Subscribe for more episodes on financial planning and retirement strategies. Thank you for tuning in!

Timestamps:
0:59 Ways to reduce taxes in retirement.
4:43 Tax implications of social security.
10:49 Strategies for minimizing taxes.
13:45 Options to reduce income.
18:24 Charitable tax strategies.
19:27 Planning for 0% tax retirement.

Are Your Adult Children Effecting Your Retirement? I Ep: 033

Fri, 29 Mar 2024 09:00:00 -0400

💵In this 33rd installment of the Functional Retirement Podcast, host Thatcher Taylor discusses the potential impact of financially supporting adult children on your retirement savings. Thatcher explores the sacrifices that may need to be made, the common circumstances that lead to kids needing financial help, and strategies to preserve your retirement while still assisting your children.

👩‍🦳👨‍🦳If you're a parent navigating the balance between supporting your adult children and securing your retirement, this episode provides valuable insights and strategies to help you make informed decisions. Don't miss out on this important discussion!

Timestamps:
0:49 Sacrifices for Adult Children.
6:09 Paying for college.
8:18 Unexpected Costs in Life
11:33 Managing housing costs after college.
16:27 Financial sacrifices for adult children.
19:48 Planning financial strategies for success.
22:17 Planning for unexpected financial support.

The War On Social Security I Ep: 032

Fri, 15 Mar 2024 09:00:00 -0400

In this episode of the Functional Retirement Podcast, host Thatcher Taylor delves into the complexities of the Social Security system and the ongoing debate surrounding its future. With insights from the recent trustee's report and a breakdown of key statistics, Thatcher provides a comprehensive overview of the current state of Social Security and potential adjustments that may be necessary.

Whether you're nearing retirement age or just starting to plan for the future, this episode offers valuable information to help you make informed decisions about your financial security. Tune in to gain a deeper understanding of the Social Security war and how it may affect your retirement plans. Check out the links below for more information!

https://www.ssa.gov/OACT/solvency/provisions/payrolltax_summary.html
https://www.ssa.gov/policy/docs/chartbooks/fast_facts/2023/fast_facts23.html

The Impact of Filing Early for Social Security I Ep 031

Fri, 01 Mar 2024 09:00:00 -0500

Hey everyone! 🎙️ Excited to share the latest episode of the Functional Retirement Podcast with you! Today, we're diving into the age-old question: Is taking Social Security early crazy? Let's find out together! #retirementplanning

In this episode, we explore the psychology behind starting Social Security at 62. Are you driven by a sense of ownership, fear of loss, or a desire to pass on your estate? Join us as we uncover the motivations behind early benefit claims. #Retirement #Finance

Links Mentioned:
https://www.savvysocialsecurity.com/article.aspx?a=99480

https://crr.bc.edu/the-psychology-behind-starting-social-security-at-62/

https://crr.bc.edu/social-securitys-longevity-insurance-protects-those-with-uncertain-life-expectancies/

Does a Back Door Roth IRA Conversion Make Sense for Retirement.

Fri, 16 Feb 2024 09:00:00 -0500

In this episode of the Functional Retirement Podcast, certified financial planner Thatcher Taylor dives into the topic of getting tax-free income in retirement through a backdoor Roth conversion. He breaks down the technique and discusses whether it makes sense for your financial situation.

Throughout the episode, Thatcher delves into the specific elements of the backdoor Roth conversion, including income limits for Roth IRA contributions, the conversion process, the pro rata rule, and the necessary reporting forms. He also discusses the importance of evaluating your tax situation to determine if a backdoor Roth conversion is the right strategy for you.

Don't miss out on this valuable information that can help you maximize your retirement income and achieve your financial goals. Tune in now and start planning for a tax-free retirement!

Will your Roth Conversions Be Taxable in Retirement? I Ep:029

Fri, 02 Feb 2024 11:00:00 -0500

👉In this episode of the Functional Retirement Podcast, host Thatcher Taylor dives into the topic of Roth conversions. Join Thatcher as he answers listener questions and breaks down the ins and outs of Roth conversions, including how they work, potential penalties, and whether or not they are right for you.👈

📈Discover how Roth conversions fit into your overall retirement portfolio and gain valuable insights for planning your financial future.

🎆Don't miss out on this informative and thought-provoking episode!

4 Options With Your Annuity When Preparing for Retirement I Ep:028

Fri, 26 Jan 2024 11:00:00 -0500

📈In this episode of the Functional Retirement Podcast, host Thatcher Taylor dives into the world of annuities. If you've noticed that your annuity hasn't performed as expected, this episode is for you. Thatcher explores the options available to you when working with your annuities after having them for a while.

✅Learn about the importance of planning and preparing for annuity decisions, understanding your type of annuity, and how to make the most of it. Don't miss out on this informative episode that will help you navigate the complexities of annuities and make informed decisions for your financial future.✅

Do you ever wonder if that annuity salesman was suggesting the product for you? Or if an annuity was even a good fit? Or what an annuity even is? Well, this is the podcast for you. Check out Ep:015 https://youtu.be/xJ9Z96C9mdE

Legal and Illegal Strategies To Maximize Spousal Benefits From Social Security | Ep: 027

Fri, 19 Jan 2024 15:00:00 -0500

In this episode of the Functional Retirement Podcast, host Thatcher Taylor delves into the rules surrounding spousal benefits and two specific strategies for maximizing them in retirement. He explains the scenarios of a spouse taking the spousal benefit early and switching to their benefit later, as well as a spouse taking their benefit early and later taking the spousal benefit. Thatcher emphasizes the importance of understanding these strategies to potentially gain thousands of dollars in retirement. Please note that the host is currently recovering from surgery, hence the unusual background.

www.propathfinancial.com/post/spousalbenefits

💵 Worried about retirement income? You're not alone! But there's a secret weapon you might not know about spousal benefits. This episode discusses 2 separate strategies that are often confused. One works and one doesn't.

⌛Don't miss out on this golden opportunity! Learn the rules, the timing, and the potential rewards of smart retirement moves. Whether you're planning ahead or already drawing benefits, this episode is your guide to maximizing your joint income in the golden years.

Are Social Security and Medicare Ready for You? I Ep: 026

Fri, 12 Jan 2024 11:00:00 -0500

In this episode of the Functional Retirement Podcast, host Thatcher Taylor dives into the topic of whether or not Social Security and Medicare are ready for you. With five key topics of discussion, including customer service, disability, cost of living adjustments, inherited IRAs, and reverse mortgages.

Thatcher breaks down the complexities and potential operational difficulties that could arise when making decisions about social security and Medicare. Don't miss out on this informative episode that will help you navigate the complexities of retirement planning.

10 RULES OF INVESTING AND HOW ACCURATE THEY ARE FOR RETIREMENT | Ep.025

Fri, 05 Jan 2024 08:00:00 -0500

In this episode of the Functional Retirement Podcast, host Thatcher Taylor dives into the 10 rules of investing. He shares his thoughts on each rule and whether he agrees or disagrees as a financial planner. But the real highlight of this episode is when Thatcher delves into the topic of investment management based on retirement income distribution strategies. He breaks down different types of retirement investors and how their strategies may vary.

Whether you're a risk-taker or prefer a more conservative approach, Thatcher offers valuable insights to help you make informed investment decisions. Tune in now to gain a deeper understanding of investing and how it can support your retirement goals.

✅Don't forget to like, subscribe, and leave a comment with your thoughts on investment strategy.✅

Are you over age 50 and need retirement help?
🤝 Schedule a free consultation https://www.propathfinancial.com/get-started

Not ready yet? No problem...

Learn How To Get Worry-Free Retirement Income👉 https://www.propathfinancial.com/guides

SHOULD YOU TAKE SOCIAL SECURITY EARLY OR USE YOUR IRA FOR INCOME IN YOUR 60s? | Ep: 024

Fri, 29 Dec 2023 12:00:00 -0500

Retirement shouldn't be a mystery. But at 62, the question looms: tap into Social Security early or dive into your IRA? This episode is your ultimate decoder ring, cracking the code on this crucial decision.

Dive deep with us as we explore:

IRMAA surcharges: Don't let these tax penalties blindside you! Learn how to navigate them and keep your retirement nest egg secure.
Taxation tango: Understand the tax implications of both options and plan your withdrawals like a pro.
Bigger benefits: Tempting, right? We break down the trade-off of claiming Social Security early and the potential long-term impact.
COLAs: Cost-of-living adjustments can be your retirement hero. Discover how they work and maximize their benefits.
Health matters: Don't forget your well-being! We discuss potential health insurance considerations when making this key decision.
And much more! From bridges to Roth conversions, we leave no retirement stone unturned.

Whether you're an early bird or a nest egg nestler, this episode is your roadmap to a confident and financially secure retirement. So, grab your headphones, pop the kettle on, and join us for this essential retirement planning masterclass!

Don't wait, tune in now and unlock the door to your golden years!

Spend More With Less Hesitation In Retirement | Ep: 023

Fri, 22 Dec 2023 11:00:00 -0500

Do you have a fat retirement nest egg... and a tiny spending fist? You're not alone! Many retirees are frozen by fear, hesitant to spend their hard-earned cash. But it's time to break free! This episode is your guide to overcoming spending anxiety and unlocking a more joy-filled retirement. Discover:

Why you might be a "tightwad" in retirement (even if you weren't before!)
The difference between "maximizers" and "satisficers" and how it impacts your spending.
Strategies for finding YOUR perfect middle ground between frugality and extravagance.
Tips for overcoming guilt and embracing guilt-free spending.

✅Don't forget to leave a review and subscribe for more informative content✅

Navigating the Emotional, Practical, and Financial Aspects of Leaving the Workforce | Ep. 022

Fri, 15 Dec 2023 09:00:00 -0500

👉Ditch the rocking chair and embrace the possibilities! Are you nearing retirement and feeling a mix of excitement and uncertainty? You're not alone. Transitioning to retirement can be a rollercoaster of emotions, practical challenges, and financial adjustments. But it can also be the door to a fulfilling and vibrant new chapter.

This podcast is your guide to navigating the journey from "worker" to "retiree" with confidence and clarity. We'll explore key strategies for:

✅Easing out of your career: Learn about phased retirement, negotiation tips, and leaving a lasting legacy.
✅Redefining your identity: Discover how to find purpose beyond work, embrace new passions, and stay connected.
✅Managing your finances: Unpack income sources, budgeting strategies, tax optimization, and healthcare considerations.

Whether you're planning your exit strategy or just starting to envision your retirement life, this podcast is for you. Get ready to shed outdated stereotypes and embrace the exciting possibilities that await!

Long Term Care Planning To Protect Your Family With Expert Guest | Kelly Augspurger

Fri, 08 Dec 2023 05:00:00 -0500

In this episode, Taylor had the pleasure of interviewing the incredible Kelly Augsberger, an industry professional in the field of long-term care planning. She shared her expertise and provided us with some invaluable advice on how to make progress in our lives, whether it's related to long-term care or not.

I hope you enjoy this episode as much as I did! Let's continue to learn, grow, and make progress in our lives together.

✅Don't forget to leave a review and subscribe for more informative content!!✅

Stop Being So Scared | Busting 5 Stock Market Myths I Ep. 020

Fri, 01 Dec 2023 05:00:00 -0500

In this episode of the Functional Retirement Podcast, host Thatcher Taylor takes on the role of a Myth Buster as he dives into five common myths about the stock market.

Thatcher debunks these myths and provides examples to support his claims. Whether you're a traditional wealth builder, pre-retiree, or retiree, this episode is packed with valuable insights to help you navigate the stock market with confidence.

Don't miss out on this opportunity to gain a better understanding of investing and achieving your financial goals.

✅Be sure to like, subscribe, submit a question, or leave a review to support the growth of the podcast. ✅

Your Cash Strategy Is Probably Wrong | Emergency Fund vs Sinking Fund | Ep: 019

Fri, 10 Nov 2023 12:00:00 -0500

In this episode of the Functional Retirement Podcast, host Thatcher Taylor dives into the importance of having just enough cash to buy assets and grow wealth. He discusses the difference between an emergency fund and a sinking fund, and provides valuable insights on how to assess and fix an underfunded emergency fund. Join us as we explore the significance of cash in achieving a fulfilling retirement.

✅Don't forget to leave a review and subscribe for more informative content!✅

Retirement Planning and Financial Planning Are Not The Same | Insights From Roger Whitney | Ep: 018

Fri, 03 Nov 2023 07:00:00 -0400

In this episode of the Functional Retirement Podcast, host Thatcher Taylor welcomes special guest Roger Whitney, the retirement answer man. With over 25 years of experience as a financial planner and the host of a top retirement podcast, Roger shares his insights on taking control and being optimistic about the future. They discuss the pursuit of happiness, the importance of a positive mindset, and the connection between wealth and health in retirement. Don't miss this informative and inspiring conversation with one of the most influential advisors in the industry.

Find Roger:
https://www.rogerwhitney.com/

Listener Question | I'm 60, Do Roth Conversions Require a Five-Year Waiting Period For Tax-Free Distributions? | Ep: 017

Fri, 27 Oct 2023 08:00:00 -0400

In this episode, we tackle a fascinating listener question that delves into the world of Roth conversions and the potential tax savings they can bring. We explore the strategy behind Roth conversions and how understanding the difference between future and current taxation is crucial before implementing them. It may sound technical, but trust me, it's worth it!

Thank you all for your continued support and for tuning in to the Functional Retirement Podcast. Your engagement, questions, and reviews help us grow and reach more people who can benefit from our insights.

Please leave a 5 star review now!

Essential Can't Ignore Year-End Planning For Retirees | RMDs, QCDs, NUA, Roth Conversions | Ep: 016

Fri, 06 Oct 2023 12:00:00 -0400

In this episode of the Functional Retirement Podcast, host Thatcher Taylor dives into year-end planning and shares some valuable insights and recommendations. From discussing comprehensive planning as a certified financial planner to exploring the impact of a book called "The War of Art" by Steven Pressfield, Thatcher provides valuable information to help you navigate your financial journey. Whether you're looking for a one-time plan or ongoing assistance, Thatcher has you covered. Don't miss out on this episode filled with valuable tips and advice.

Year-end planning for retirement is an essential aspect of financial management that individuals need to consider as they approach the end of the year. This podcast provides valuable insights into various topics related to year-end planning for retirement, including required minimum distributions, qualified charitable distributions, net unrealized appreciation, and Roth conversions.

Plus, Thatcher shares a special announcement about a free consultation and a book recommendation that will add massive value to your life. Tune in now and get ready to live your wealth!

#015: When Do Annuities Make sense? If ever? | Annuity Guide For Retirement

Wed, 27 Sep 2023 14:00:00 -0400

In this episode of the Functional Retirement Podcast, host and owner of ProPath Financial, Thatcher Taylor, dives into the world of annuities. He starts off by expressing his gratitude for the support from the community and encourages listeners to share their thoughts and questions.

Thatcher then breaks down what annuities are and emphasizes that no two types are the same. He also discusses the importance of choosing the right investments and managing fees. Join us for this informative episode and don't forget to like, subscribe, and leave a review on your favorite podcast platform.

#014: Understanding REITs To Invest in Real Estate | A Guide to Real Estate Investment Trusts

Fri, 22 Sep 2023 09:00:00 -0400

In this episode of the Functional Retirement Podcast, host Thatcher Taylor discusses the topic of REITs (Real Estate Investment Trusts). He shares personal experiences and explains why it's important to have a larger understanding of the investment universe. Thatcher also addresses the influence of social media and real estate gurus promoting real estate as the ultimate investment. The episode dives in to the types of REITs, taxation, how to buy, and when you should use them.

Have you used REITs in your portfolio?

https://investor.vanguard.com/investment-products/etfs/profile/vnq

https://www.cfincometrust.com/wp-content/uploads/CF_Income_Trust-Fact_Sheet.pdf

#013: Dispelling Life Insurance Myths Regardless of Wealth with Bob Gavlak, CFP®

Fri, 21 Jul 2023 09:00:00 -0400

This podcast episode features hosts Thatcher Taylor and Bob Gavlak discussing life insurance in retirement planning. They emphasize the importance of building a financial plan based on individual goals before considering insurance products.

They debunk the myth that life insurance is unnecessary in retirement, highlighting the need to protect loved ones and assets. The conversation emphasizes the importance of finding suitable insurance solutions based on specific client situations, rather than pushing a one-size-fits-all approach.

Bob shares his 14-year experience in the industry and explains the value of insurance in protecting oneself and loved ones from unforeseen events. They dismiss the misconception that life insurance is no longer necessary in retirement and advocate for tailored insurance solutions that fit individual needs.

Find Bob:
Twitter
Website
LinkedIn

#012: Behaviors as an Investing Superpower: Understanding the Psychology of Investing

Fri, 14 Jul 2023 09:00:00 -0400

In this episode, host Thatcher Taylor discusses the importance of behaviors in investing and how they can be a superpower. He emphasizes the need to set proper expectations about market fluctuations and highlights the inefficiency of markets.

Thatcher shares insights from the book "Finance for Normal People" by Meir Statman, which explores the foundations of behavioral finance. He covers topics such as people's normal behavior and rational thinking, the construction of investment portfolios, saving and spending habits, and the role of expected returns in asset pricing theory.

The podcast focuses on the significance of behaviors in investment performance. Host Thatcher Taylor explains that behaviors are the main superpower of successful investors and highlights the impact of market fluctuations on investor mentality. He shares his own experiences during challenging market periods and emphasizes the importance of setting realistic expectations.

"Thinking, Fast and Slow" by Daniel Kahneman

"The Behavior Gap" by Carl Richards

#011: Financial Planning For Professional Athletes with Thomas Elms, CFP®

Fri, 30 Jun 2023 15:00:00 -0400

Our special guest, Thomas Elms, a Certified Financial Planner with a unique niche in working with professional athletes and entertainers, shares his insights and expertise in this exclusive interview. We discuss the challenges and opportunities that arise when managing finances in the world of sports and entertainment.

Here are some highlights from the episode:

Thomas Elms explains his background and how he got started in this specialized field.
We talk about the specific planning strategies and considerations when working with athletes and entertainers.
Thomas shares real-life experiences and stories, giving us a glimpse into the financial lives of these high-profile individuals.
We touch on the importance of mindset and mentality when it comes to managing wealth in the sports and entertainment industry.

You can listen to this episode on your preferred platform, whether it's Spotify, Apple Podcasts, or YouTube.

Go check out Thomas:
YouTube: https://www.youtube.com/@freshfinancepod
LinkedIn: https://www.linkedin.com/in/thomaselms/
Twitter: https://twitter.com/ThomasElmsPFG

#010: How Much Do You Need To Retire with Michael H. Baker

Fri, 23 Jun 2023 05:00:00 -0400

In this episode of the Functional Retirement Podcast, host Thatcher Taylor interviews Michael H. Baker, a certified financial planner with multiple designations in retirement planning. The episode explores the convergence of health and retirement planning and how it affects longevity risk, income distribution, protection, and estate planning.

They discuss the question of retirement and how much money is needed for retirement. The episode also touches on the importance of health and wellness in retirement planning, with Michael sharing his own experience of losing 20 pounds since February.

Retirement planning is not just about financial stability and security. It is also about ensuring that individuals are healthy and able to enjoy their retirement years. The convergence of health with retirement planning is crucial to address longevity risk, income distribution, protection, estate planning, and everything that goes into an optimal retirement.

Link to the discussed Kettlebell Video: https://www.youtube.com/watch?v=y_bYjLYXJo0

Check out Michael H. Baker’s social media sites and websites
https://twitter.com/michaelhbaker
https://www.instagram.com/michaelhbaker/
https://www.youtube.com/@TheWealthTechnique
https://linktr.ee/michaelhbaker
https://michaelhbaker.com/

Timestamps:
[00:01:31] Weight loss and health
[00:03:34] Fitness and Health Journey
[00:07:02] Jiu-jitsu and retirement planning
[00:11:25] Retirement planning and lifestyle
[00:13:33] Grandkids and retirement planning
[00:16:54] Retirement planning for couples
[00:21:11] The value of working with an advisor
[00:24:20] Retirement planning and lifestyle pricing
[00:27:00] Retirement Planning and Budgeting
[00:30:14] Retirement spending and enjoyment
[00:34:05] Retirement income strategies
[00:37:01] Retirement income distribution strategies
[00:41:50] Longevity in retirement
[00:45:48] Retirement healthcare costs
[00:46:51] Health care and financial planning
[00:50:25] Hiring a financial advisor
[00:53:44] Importance of reading
[00:57:09] Personal finance YouTube channel.

#009: Tax Planning, Retirement, and Health with a Literal Tax Master Kevin Oleszewski

Fri, 16 Jun 2023 04:00:00 -0400

In this episode of the Functional Retirement Podcast, host Thatcher Taylor welcomes tax expert Kevin Oleszewsky (prounounce Oshesky) to discuss tax strategies and the importance of taxes in retirement planning.

Before diving into the financial and tax planning aspects, they discuss Kevin's personal health journey, which involved changing his diet and exercise routine and losing a significant amount of weight. The episode emphasizes the role of health in retirement, as it affects longevity risk, income distribution, protection, and estate planning. The podcast aims to explore the intersection of health and retirement planning and provide expert insights on the topic of taxes and retirement.

Timestamps:
[00:01:15] Health Journey
[00:03:11] Health and weight loss
[00:06:16] Lifestyle changes for more energy
[00:10:32] Taxes and retirement planning
[00:13:28] Future tax brackets increase
[00:18:46] Maximizing tax brackets
[00:19:34] Retirement Tax Planning
[00:22:44] Tax bracket optimization
[00:26:34] Roth conversions for legacy planning
[00:30:21] Qualified Charitable Distributions
[00:34:17] Legacy planning for beneficiaries
[00:39:26] Wash sale rule
[00:41:35] Tax loss harvesting strategy
[00:46:46] Asset location strategies
[00:49:02] Taxable vs Tax-free accounts

#008: Expert Strategies for Better Sleep, Health, and Stress for Retirement with Stevyn Guinnip, M.S., CWC

Fri, 09 Jun 2023 05:00:00 -0400

In this episode of the Functional Retirement Podcast, host Thatcher Taylor interviews Stevyn Guinnip, a specialist in health and wealth. They discuss the convergence of health and retirement planning, and how it affects longevity risk, income distribution, protection, estate planning, and everything that goes into an optimal retirement. They share actionable items that listeners can use in their day-to-day life to increase their wealth and health, and how promoting health and wealth can benefit both financial advisors and their clients. The interview also covers the impact of COVID-19 on the industry and how it has affected business growth.

The episode introduces the three W's for health: walk, water, and sunlight. Walking is an excellent way to improve physical and mental health, and the speaker recommends walking more than one currently does. The second W, water, involves drinking 80 ounces of water in the first 10 hours of the day, following Dr. Huberman's recommendations. Staying hydrated is crucial for overall health. The third W, sunlight, is not explicitly discussed in this transcript, but the episode emphasizes the importance of getting sunlight on the eyes in the morning to regulate the body's internal clock and prepare for deep sleep later in the day.

The episode also stresses the importance of managing stress and taking breaks throughout the day to prepare the body for restful sleep at night. Disconnecting the brain from the body throughout the day can result in a hyperactive state at night, preventing deep sleep. Improving the quality of sleep is crucial for overall health and wellness.

Links

Follow and subscribe to Stevyn Guinnip on social media:

LinkedIn : @stevyn-guinnip Instagram: @growwellthy Facebook: @growwellthy

Know more about Stevyn on her website:

https://www.growwellthy.com/stevyn.html

[00:02:53] Health and money parallels
[00:03:55] Stressful desk job experience
[00:08:02] Importance of Movement
[00:10:39] Simple Formula for Health
[00:14:41] Walking for health
[00:18:51] Strategies for better sleep
[00:20:26] Sleep and Circadian Rhythm
[00:24:09] Importance of deep sleep
[00:29:26] Reducing stress through thinking
[00:31:35] Box breathing technique
[00:34:08] Sleep and breathing techniques
[00:37:35] Muscle Mass and Functionality
[00:41:31] Functional fitness for daily life
[00:44:49] Fall prevention and lifting weights
[00:48:18] Nutrition and balance
[00:51:21] Sustainable diet tips
[00:56:10] Travel Nutrition Tips
[00:58:05] Meal composition

Ep 007: Charting the Healthy Retirement: Exploring Health and Retirement Planning through Statistics

Fri, 02 Jun 2023 09:00:00 -0400

Presentation Slides

Assessing health and longevity, as well as developing a dynamic income distribution strategy, are important steps in preparing early for retirement.

In this episode of the Functional Retirement Podcast, Thatcher Taylor discusses several charts that provide data about health and retirement planning. Taylor emphasizes the significance of starting retirement preparation early, particularly for individuals aged between 45 and 50. It is essential to analyze how much money is needed for retirement and assess one's health and longevity, as they play vital roles in Medicare and Social Security decisions.

Thatcher's expertise and experience as a retirement planner provide valuable insights into retirement planning, emphasizing the significance of early preparation, health and longevity assessment, and dynamic income distribution strategies. This makes the podcast a valuable resource for anyone interested in navigating the complexities of retirement planning.

Highlights

00:17 Importance of early retirement planning and maintaining good health
01:10 Life expectancy probability chart for married couples
03:19 Goals-based wealth management
05:17 Income replacement and Social Security and the impact of increasing income needs on Social Security percentage
08:47 Dynamic spending strategy and its advantages compared to the inflation-adjusted method
10:45 Breakdown of Social Security timing and the breakeven ages between taking benefits early and at full retirement age
15:06 Importance of considering long-term care expenses in later life.
17:03 The value of a retirement planner in coordinating needs analysis, income distribution, and goal tracking

Ep 006: Solving Marital Conflicts and Financial Security Using Strategies with Ashley Quamme

Fri, 19 May 2023 06:00:00 -0400

Money is often just a surface issue in many conflicts and divorces.

In this episode, our guest Ashley Quamme, a mental health, behavioral, and relationship therapist, shares her stories in dealing with couples on the verge of separation. With nearly 15 years of clinical experience as a marriage and family therapist in Georgia, Ashley provides invaluable insights on how finances are sometimes seen as the main problems of couples when, in fact, deeper and more complex issues are the real culprit of misunderstandings.

Moreover, Ashley explains the prevalence of divorce within the baby boomer generation, with women commonly taking the initiative. She believes that understanding financial psychology and engaging in financial therapy can improve the client-advisor relationship, which can in turn help reduce the risk of divorce. Additionally, she sheds light on the power of allocating time to "think, feel, and do" before confronting issues with your partner, which can then help solve conflict.

Physical and mental health, as well as financial security, are indeed inseparable, so our guests will share ways on how you can maintain these aspects in a good state to be able to have a smooth and harmonious relationship with your better half.

Highlights

4:24 Understanding why half of marriages don't survive

7:20 The common reasons why couples divorce

10:38 Simple words have great impact on building communication

20:34 Money is a surface issue in most conflicts

23:30 The "think, feel, do" approach to resolving marital problems

31:04 Men and women erupt differently

34:52 How allotting time for therapy helps you move forward after a divorce

39:37 Short-term thinking is advised for couples nearing retirement age

47:18 Physical health has a direct impact on mental well being

Links

Check out Ashley Quamme’s Twitter and LinkedIn

👉https://twitter.com/bamconsults
👉https://www.instagram.com/bam_consults/👉https://www.linkedin.com/in/ashley-quamme-lmft-fbs%C2%AE-cft-i%E2%84%A2%EF%B8%8F-7a4b4722/

Check Out Ashley Online
👉https://therapybyashley.com/

Ep 005: Exploring Investment Management, Factors, and Behaviors In Fitness With Jess Bost

Fri, 12 May 2023 10:00:00 -0400

In this episode, our guest, Jess Bost from Alpha Architect, shares how she found her way into the world of finance through the social media platform Twitter. She recalls her journey from building a career in finance to helping advisors establish meaningful portfolios for their clients.

Jess is a Crossfit coach and the Twitter master for converging financial planning and fitness, and you’ll hear how she helps people get from where they are to where they want to be, both physically and financially. We also discuss our insights into merging health and wealth and how it affects longevity, risk, income distribution, protection, and estate planning.

Advisors have the option to manage assets themselves or to hire a third party to do it for them. Jess describes how Alpha Architect assists them with their portfolios by offering education on factors and built funds.

👉https://alphaarchitect.com/2019/04/buyer-beware-the-reality-of-tax-loss-harvesting-benefits/

Highlights

[8:48] What is factor investing

[11:39] Common mistakes advisors make in financial planning

[17:49] Understanding the purpose of building a portfolio

[19:50] Building high quality and diversified portfolios to achieve goals

[26:55] Manage client emotions strategically

[28:45] Exploring tax loss harvesting opportunities for clients

[36:51] Gaining confident in handling clients’ money

[45:08] How showing empathy and support help clients in financial planning

Links

Check out Jess Bost's Linkedin account

https://www.linkedin.com/in/jess-l-bost-ricp%C2%AE-1b915414b/

Follow her socials

https://www.instagram.com/lady__bost/?hl=en

https://twitter.com/lady__bost?lang=en

Ep 004: Business Ownership, Taxes, Cash Management, and Equity Comp with Travis Gatzemeier CFP®

Fri, 05 May 2023 10:00:00 -0400

Business ownership and tax management play essential parts in your retirement plan.

In this episode, Travis Gatzemeier, a CFP and founder of Kinetix Financial Planning, discusses the two big sources of wealth in society: business ownership and equity compensation. He breaks down the wealth-generating potentials of these two while also highlighting the risks involved.

You’ll also get to know Travis’ journey from trading derivatives to launching his own financial planning business, which focuses on helping entrepreneurs and individuals with equity compensation. He explains the challenges in entrepreneurship and why it's crucial to pay your taxes correctly.

While owning a business can reduce taxes, Travis warns against making decisions based solely on this factor. Our guest shares his non-traditional route to becoming a business owner and sheds light on the importance of combining finances with investment advisory when it comes to retirement planning.

Highlights

04:36 Control your behavior for wealth.

14:00 The common misconception of new business owners

18:50 Retirement planning for small business owners

25:27 Exploring strategies for personal cash flow management

27:53 Why you should never run out of cash

30:02 Utilizing equity compensation as a wealth-building tool

43:14 Pay taxes early to avoid surprises

49:00 Tax planning strategies for business owners and W-2 employees

55:52 The value of accountability in achieving financial growth

Links

To learn more about Travis Gatzemeier’s business check out Kinetix Financial Planning

You can also visit his Twitter @T_Gatzemeier, Instagram @kinetixfp, and LinkedIn profile Travis Gatzemeier

Ep 003: Risk Vs Volatility: You must know the difference. I guarantee you are using them wrong.

Fri, 28 Apr 2023 11:00:00 -0400

Understanding the Difference between Risk and Volatility in Retirement Planning

Understanding risk and volatility is important before diving into the world of investing and preparing for retirement.

In this solo episode, I'll share with you the difference between risk and volatility using my experience watching my two kids alone for five days. This made me realize that parenthood is a balancing act between allowing children to grow and try new things while not exposing them to catastrophe, just as investment and retirement are.

Risk and volatility are not the same and should not be interchangeably used, and by understanding the difference between the two, retirees can make informed decisions to ensure an optimal retirement.

I’ll also share how you can determine your personal risks to be able to find stability when it comes to risk and reward.

Highlights

02:48 - Observing risk-taking behaviors in young children from a parent's perspective

03:56 - Mitigating risk and volatility through parenting

7:09 - Importance of finding the balance between risk and reward

8:49 - What is volatility in investing?

12:47 - Analyzing volatility and the VIX index

13:56 - The difference between risk and volatility and how it can help your wealth and health

14:56 - Exploring the types of risk in investing

21:50 - Strategies for mitigating volatility in your financial plan

Subscribe for all things retirement, investment, tax, & estate planning https://www.youtube.com/@functionalretirement

Important Social Security Info here: https://www.youtube.com/playlist?list=PL7A5bFh5NxnVRx5wzD4AOLz7KyigadFqv

Twitter https://twitter.com/ThatchTaylor

LinkedIn https://www.linkedin.com/in/thatcher-taylor-cfp/

Facebook https://web.facebook.com/propathfinancial?_rdc=1&_rdr

Instagram https://www.instagram.com/dadbodfinancial/

Ep 002: Considerations When Planning For Retirement and The 3 Barbarians With the Nic Nielsen, CFP®

Fri, 21 Apr 2023 13:00:00 -0400

Planning for the future is a crucial step in securing a stable financial future…

In this episode, Nic Nielsen, a CFP® from Know My Plan and author of Visual Finance, shares some key points to consider when planning for retirement. He emphasizes the importance of healthy living habits and sports, as they can greatly impact the quality of your golden years. Blindly trying to achieve financial freedom without proper planning is a recipe for disaster, which is why having a qualified consultant to help and educate you along the way is essential.

Nic also highlights the "3 Barbarians of Retirement" and provides insights on how to turn them in your favor. Despite starting his college years in engineering and venturing into the world of banking, Nic eventually found his calling as a financial advisor who helps people of all ages plan for a secure future.

Episode Highlights
[4:16] Why financial planning is like engineering
[7:54] Importance of having a backup plan or emergency fund during market downturns
[13:03] Charles Schwab and other banks suggest that holding bonds until maturity can help avoid short-term paper losses, as they get paid out and become irrelevant if held until maturity or the yield to worse.
[19:55] Being average in the stock market can put investors in the top 1% compared to other investment options
[24:20] Studies show that wealth passed down to the second or third generation of millionaires is usually completely used
[29:16] Starting early is key when it comes to thinking about long-term care
[29:53] Why planning for long-term care is crucial
[33:23] Why many financial advisors do not discuss how being physically active can control your future expenses and retirement
[44:29] The importance of avoiding to become a burden on your children for their personal growth and development
[47:06] The key to achieving goals is to start taking small steps forward, just like taking baby steps

Links
To learn more about Nic Nielsen’s businesses check out https://knowmyplan.com/about-us/

You can also check out his LinkedIn profile, Nic Nielsen

Nic Nielsen’s book: Visual Finance

Know more about the host Thatcher Taylor on social:

Instagram: @propathfinancial and @dadbodfinancial

Getting to Know The Functional Retirement: An Overview of What's to Come

Fri, 14 Apr 2023 08:00:00 -0400

Throughout the episode, Thatcher previews the upcoming lineup of guests on Retirement Planning 360 (now Renamed to Functional Retirement Podcast), who will offer expert insights and practical advice on various retirement-related topics, such as financial planning, health and wellness, and longevity risk. Whether you're a retiree, a pre-retiree, or simply interested in learning more about retirement planning, this episode sets the stage for an informative and engaging podcast series. Tune in to Retirement Planning 360 to discover how you can use CrossFit and other strategies to optimize your retirement plan and achieve your goals.

In the debut episode of Retirement Planning 360, host Thatcher Taylor CFP® MBA discusses his chosen training regimen, CrossFit, and how it ties into retirement planning, health, longevity risk, and overall life plans. He explains how the principles of CrossFit, such as varied functional movements, high-intensity workouts, and constantly varied exercises, can be applied to retirement planning to achieve financial and health-related goals. Thatcher also shares his personal story of how CrossFit helped him overcome a major health setback and improve his overall quality of life.

Show Notes:
👉https://peterattiamd.com/category/diseases/
👉https://www.crossfit.com/essentials/what-is-fitness-lecture-10-physical-skills#:~:text=They%20are%20cardiovascular%2Frespiratory%20endurance,agility%2C%20balance%2C%20and%20accuracy.&text=You%20are%20as%20fit%20as,each%20of%20these%2010%20skills.

Building Wealth with Ongoing Maintenance- 5 Ongoing Activities to Building Wealth

Wed, 01 Feb 2023 09:00:00 -0500

Today we will discuss 5 ways to build and maintain wealth. People don't like ongoing maintenance but the wealthy will continually do maintenance on the financial situation. In this episode, I use my physical injuries and your car as analogies to understand how doing maintenance now, avoids big problems later.

If you are wanting to fine-tune your retirement, this episode is for you!

As promised, the Retirement Vision Workbook 📝 https://propath.ck.page/workbook

Are you over age 50 and need retirement help?

🤝 Schedule a free consultation http://www.propathfinancial.com/schedule-an-appointment

Not ready yet? No problem...

Sign up for our Monthly Newsletter here 👉 https://propath.ck.page/5952bc75eb

Are you a visual learner? Check out the YouTube Channel 👉 https://www.youtube.com/thatchertaylor

✅Contact Thatcher at thatcher@propathfinancial.com with comments and questions!

🆓 If you want to UNWIND your wealth, download our Retirement MEGA Pack which includes a flowchart, checklist, and EBook all about unwinding wealth and evaluating your investments: https://propath.ck.page/retirement-mega-pack

DISCLAIMER: The information provided in these episodes is only to be considered helpful hints and education. Nothing said or shown is to be misconstrued as specific tax, legal, or investment advice. Consult with your tax, legal, or investment professional before acting on anything you see in these videos.

Retirement Series Part 3 Ages 65-72: PRESERVE Retirement with these 5 decisions.

Tue, 22 Nov 2022 12:00:00 -0500

Episode 3 in the retirement installment. Ages 65-72 come with big decisions.

Listen to learn about 5 major planning areas that you are probably missing. Your income, your healthcare, your investing, and much more!

Part 3 of a 4-Part series. This episode focuses on the 50-65 age group (still valuable if younger).

If you are wanting to fine-tune your retirement, this episode is for you!

✅Contact Thatcher at thatcher@propathfinancial.com with comments and questions!

Are you over age 50 and need retirement help?

🤝 Schedule a free consultation http://www.propathfinancial.com/schedule-an-appointment

Not ready yet? No problem...

Sign up for our Monthly Newsletter here 👉 https://propath.ck.page/5952bc75eb
Or check out the YouTube Channel 👉 https://www.youtube.com/thatchertaylor

🆓 If you want to UNWIND your wealth, download our Retirement MEGA Pack which includes a flowchart, checklist, and EBook all about unwinding wealth and evaluating your investments: https://propath.ck.page/retirement-mega-pack

DISCLAIMER: The information provided in these episodes is only to be considered helpful hints and education. Nothing said or shown is to be misconstrued as specific tax, legal, or investment advice. Consult with your tax, legal, or investment professional before acting on anything you see in these videos.

Retirement Series Part 2 Ages 55-65: 5 Decisions and Master Keys to UNLOCK RETIREMENT

Tue, 08 Nov 2022 13:00:00 -0500

In this episode, we talk about five key decisions that help your retirement in the early years. Your income, your healthcare, your investing, and much more!

Part 2 of a 4-Part series. This episode focuses on the 50-65 age group (still valuable if younger).

If you are wanting to fine-tune your retirement, this episode is for you!

✅Contact Thatcher at thatcher@propathfinancial.com with comments and questions!

Retirement Series Part 1 Ages 30-50ish: 5 Decisions and Master Keys to GROW WEALTH

Wed, 02 Nov 2022 13:00:00 -0400

Part 1 of a 4-Part series. This episode focuses on the 30-50 age group (still valuable if older).

Episodes 2-4 will each focus on an age group and specific ways to build a better retirement and future.

✅Contact Thatcher at thatcher@propathfinancial.com with comments and questions!

Invest More In Retirement Plans and Your Taxes May Be Increasing in 2023!

Wed, 26 Oct 2022 04:00:00 -0400

Invest More In Retirement Plans and Your Taxes May Be Increasing in 2023!

New contribution numbers and the changes in social security limits could expose you to more taxation.

Click Link to access the Slides with Numbers

✅Contact Thatcher at thatcher@propathfinancial.com with comments and questions!

HUGE Social Security Pay Increase in 2023 and Other Major Changes

Wed, 19 Oct 2022 02:00:00 -0400

One of the biggest Social Security Pay increases coming in 2023. But how does this affect people that haven't taken their benefits? What if you are only in your 40s or 50s? How does this affect you?

In this episode, we discuss all this, and I give some major updates to social security in 2023!

✅Contact Thatcher at thatcher@propathfinancial.com with comments and questions!

Are you over age 50 and need retirement help?

🤝 Schedule a free consultation http://www.propathfinancial.com/schedule-an-appointment

Not ready yet? No problem...

Sign up for our Monthly Newsletter here 👉 https://propath.ck.page/5952bc75eb
Or check out the YouTube Channel 👉 https://www.youtube.com/thatchertaylor

🆓 If you want to UNWIND your wealth, download our Retirement MEGA Pack which includes a flowchart, checklist, and EBook all about unwinding wealth and evaluating your investments: https://propath.ck.page/retirement-mega-pack

How is your Social Security benefit Calculated? https://www.ssa.gov/pubs/EN-05-10070.pdf

Press Release https://www.ssa.gov/news/press/releases/2022/#10-2022-2

Happy Birthday ProPath and Thatcher! An Introduction

Wed, 12 Oct 2022 02:00:00 -0400

Are you curious about who you have been listening to and what their business is? This is the episode for you! Here is a brief insight into Thatcher and the creation of ProPath Financial.

✅Contact Thatcher at thatcher@propathfinancial.com with comments and questions!

4 Tax Saving Strategies and the Location On Your 1040

Wed, 05 Oct 2022 02:00:00 -0400

In this episode, we discuss four specific ways to save money on your current tax bill. These could be great tax-saving tools once you decide that saving money this year is in your best interest.

If you are looking for current tax-saving techniques and where to spot opportunities on your 1040, this episode is for you!

✅Contact Thatcher at thatcher@propathfinancial.com with comments and questions!

Fed Raises Interest Rates to Slow Inflation and How It Effects Your Retirement

Wed, 28 Sep 2022 12:00:00 -0400

In this episode, we are diving deeper into why the Federal Reserve raises interest rates to calm inflation. Then, we discuss how it affects YOU and your retirement future.

If you were curious why the fed does what it does, this episode is for you!💥

✅Contact Thatcher at thatcher@propathfinancial.com with comments and questions!

✅Three questions to ask yourself throughout the episode:
1️⃣ Who here thinks inflation will calm down and when?
2️⃣ Who here has had problems with buying a house or is waiting?
3️⃣ Have you sat down and put pen to paper on how inflation could affect retirement?

✅Why is there inflation?
➡️An influx of unexpected cash due to covid relief programs.
➡️An increase in household demand. People want to buy more stuff.
➡️Supply chain shortages.
➡️The war in Ukraine has led to increased fuel costs.
➡️The presence of a strong labor market.

🛑How does this affect your retirement?
1️⃣Stock market
2️⃣Unemployment is low
3️⃣Inflation keeps costs higher for goods, and services, including food.
4️⃣Mortgages on a second house, Credit cards, loans, HELOCs, can be more expensive.
5️⃣Other lending or costs like healthcare, college education for grandkids, and travel costs.

What are Restricted Stock Units (RSU's) and How To Prepare

Fri, 23 Sep 2022 09:00:00 -0400

Got RSU's but don't know anything about them? Did your employer give you RSU's as compensation but were confused? This is the podcast for you.

In this episode we will cover:

✅ What are restricted stock units?
✅ Differences between grant and vest?
✅ What happens at vesting?
✅ How are they taxed?
✅ Planning opportunities?

And much more! Please enjoy!

✅Contact Thatcher at thatcher@propathfinancial.com with comments and questions!

Why Do Financial Advisors Have Jobs?

Mon, 19 Sep 2022 09:00:00 -0400

Today I am breaking down why financial advisors have jobs. This all stemmed from a Twitter post and I thought it would be good for you to learn more.

Original Tweet 🐥https://twitter.com/ThatchTaylor/status/1568365632932171777

In this episode we will cover:

✅ What is a financial advisor?
✅ Different types of financial advisors?
✅ What is a GOOD financial advisor do?
✅ What is financial planning?
✅ 10 Questions to ask your financial advisor (See Below).
✅ When to hire a financial advisor.

If you are considering hiring a financial advisor but don't know where to start, this episode is perfect for you.

As promised, 10 questions to ask a financial advisor:

How do you get paid?
What type of products do you sell?
What are my costs?
Are you a fiduciary?
How does the relationship work?
What is your investment philosophy?
What types of investments do you use?
Who holds and controls my assets?
Do you manage assets or is it outsourced?
Do you do financial planning?
What type of tax planning do you do?

✅Contact Thatcher at thatcher@propathfinancial.com with comments and questions!

Investment Advisory Services are offered through ProPath Financial, a registered investment adviser authorized to do business in st

Everything about Inflation Including What Happens Next

Fri, 09 Sep 2022 05:00:00 -0400

Today I am breaking down everything you need to know about inflation and how it affects your wealth and retirement.

In this episode we will cover:

What is inflation?
Who controls inflation?
How is inflation measured?
How is inflation tracked?
Why is inflation happening now?
What has inflation been historically?
How does inflation affect stocks and bonds?
What does the fed does next?
How does inflation affect you?

If you are wanting to get a better understanding of inflation to feel more confident on your wealth building journey, this episode is right up your alley.

Historical Inflation: https://www.usinflationcalculator.com/inflation/historical-inflation-rates/

✅Contact Thatcher at thatcher@propathfinancial.com with comments and questions!

Women In Investing - Taking a seat at the investing table.

Tue, 08 Mar 2022 13:00:00 -0500

Fidelity conducted this research to gather insights into women’s attitudes and behaviors when it comes to managing their finances and more specifically investing.

Women are making huge moves to manage their finances and increase their net worth.

In this podcast we will discuss:
✅Where women are saving.
✅How have their results been.
✅Why taking control is imperative.
✅And much much more.

Click here to download the PDF so you can follow along! PDF will be delivered to your inbox for free!

✅Contact Thatcher at thatcher@propathfinancial.com with comments and questions!

Psychology of Investing. How to manage behaviors.

Mon, 14 Feb 2022 11:00:00 -0500

In this episode, we discuss common emotional missteps when it comes to investing and how to get on track. There will be some great examples of how behaviors and perspectives led to poor returns over long periods of time.

•Clients often experience envy when comparing their portfolios to the stock market.
•Investors often want to follow the herd when making investment decisions.
•In addition, we discuss the value of diversification and limiting downside risk to increase long-term returns.

We are breaking down behaviors and much more!

If you want to build a strong portfolio and learn how to manage it, this episode is for you!

✅Contact Thatcher at thatcher@propathfinancial.com with comments and questions!

How Can Fitness Impact Your Retirement Plan?

Fri, 28 Jan 2022 17:00:00 -0500

How does fitness impact your retirement plan and what can YOU do now to prepare?

I’ve seen it all too many times— someone who doesn’t plan their finances well and also has bad health can single handly destroy their retirement plan. On the other hand, I’ve seen people with copious amounts of money yet poor physical health also destroy their own happiness in retirement. Today we’re evaluating both of these scenarios and discuss how fitness and financial planning are cut from the same cloth.

In today’s episode we’ll discuss physical guidelines for Americans, as well as six different areas that your health will impact your retirement plan.

SHOW NOTES: Physical Activity Guidelines for Americans found here: https://health.gov/sites/default/files/2019-09/Physical_Activity_Guidelines_2nd_edition.pdf

Ready to take control of your financial planning today? Schedule a FREE consultation call with me here: https://propathfinancial.com/get-star...

If you want to learn more about financial planning check out the homepage. https://www.propathfinancial.com

For all my DadBod fitness go follow me on Instagram. https://www.instagram.com/dadbodfinan...

For more great content and even great drawings go connect with me on LinkedIn:

4 Ways to Take Money Out of your 401k, the Saving Gene and Natural Athletes

Sun, 27 Jun 2021 13:00:00 -0400

The 401k has 4 options when it comes to handling assets after you leave your company for whatever reason. We discuss how each option has its own advantages and disadvantages. There is not a silver bullet and each option needs to be evaluated when the time comes.

Option 1: Stay in the Plan
Option 2: Roll Over to an IRA
Option 3: Take a Lump-Sum Distribution
Option 4: Convert All or Some to a Roth IRA

We also talk about how some people are just natural savers and investors, like natural athletes in sports. Some people just seem to naturally be able to build wealth. In addition, there are some people that aren't natural athletes that need to work on their wealth.

If you have a 401k that has become your biggest investment bucket, maybe taking a look at your financial picture can help you become a better wealth builder.

✅Contact Thatcher at thatcher@propathfinancial.com with comments and questions!

How to start saving in your 50's, The Iron Cowboy, Introduction, And How Fitness and Finance Merge

Wed, 16 Jun 2021 15:00:00 -0400

Thatcher sits down to chat about the purpose of merging fitness and finance into one mission. It is rarely discussed how important financial planning is for the healthy individual and how taking care of your body and mind can lead to a longer life. Thatcher also talks about the Iron Cowboy, James Lawrence, and his journey to 100 days straight of completing an IronMan Triatholon. Then we have a Q&Q session discussing what to do if you are just starting to save in your 50's, what training program I am using, and how smooth is fast, not slow is smooth.

✅Contact Thatcher at thatcher@propathfinancial.com with comments and questions!