Can I Retire Now?

How to Use the 0% Capital Gains Tax Rate in Retirement (Ep. 47)

Wed, 15 Jul 2026 07:00:00 -0400

Could you be paying taxes in retirement that you didn't actually have to pay?

Many retirees spend years focusing on saving money, only to discover that how they withdraw it can be just as important. Understanding the difference between taxable income and cash available to spend can open planning opportunities that many people never realize exist.

In this episode, Nick Russell and Becky Wagoner explain how the 0% long-term capital gains tax rate can create opportunities for recently retired couples who plan ahead. Through practical examples, they show how taxable income differs from spending money, why building cash reserves before retirement matters, how tax-gain harvesting can reduce future risk, and why retirement planning is just as much about tax planning as investment management.

Key takeaways:

Understanding taxable income can create opportunities to realize long-term capital gains at a 0% tax rate
Building cash reserves before retirement may provide more flexibility during the first retirement years
Coordinating withdrawals, investments, and taxable income helps create more planning options over time
Selling appreciated investments can reduce concentration risk while potentially limiting capital gains taxes
Looking several years ahead often creates retirement tax opportunities that yearly planning can miss
And more!

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The Retirement Readiness Checklist You Shouldn’t Ignore (Ep. 46)

Wed, 24 Jun 2026 07:00:00 -0400

Retirement gets a lot more real when the calendar starts counting down. Questions around healthcare, taxes, income, routines, and timing can suddenly feel overwhelming.

What happens if you miss Medicare deadlines? How do you avoid tax surprises? And what does life actually look like once the work routine disappears?

In this episode, Nick Russell and Becky Wagoner walk through a retirement readiness checklist covering the final 12 months before retirement. They discuss Social Security timing, Medicare enrollment deadlines, tax planning opportunities, Roth conversions, investment income strategies, beneficiary reviews, and how to prepare emotionally for life after work. They also explain why retirement is more of a strategy game than a finish line and why planning early can help reduce stress during the transition.

Key takeaways:

Medicare enrollment deadlines can affect premium costs for the rest of your retirement years
Retirement tax planning may create opportunities for Roth conversions and lower taxable income
Building cash reserves before retirement can help stabilize income during market downturns
Weekly routines and lifestyle planning matter just as much as investment preparation before retiring
PTO payouts, pensions, and retirement timing can all impact taxes during your first retirement year
And more!

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Suitcases Packed, Budget Intact: Summer Travel Without Overspending (Ep. 45)

Fri, 12 Jun 2026 07:00:00 -0400

Summer travel is exciting…until the costs start piling up before you’ve even packed a bag.

Between rising prices, group trips, and social pressure to “upgrade” every experience, it’s easy for vacation budgets to spiral.

In this episode, Nick Russell and Becky Wagoner discuss how rising travel costs are changing how Americans vacation this summer. They cover why fewer people are traveling, how group trips can quietly wreck budgets, and why planning conversations matter before booking anything.

Becky also shares practical ways families can cut vacation costs without cutting fun, including off-peak travel, “reverse beach days,” and affordable destination ideas that still feel memorable.

Key takeaways:

Why travel costs are pushing many families to rethink vacations and spending habits this summer
How friend trips often lead travelers to overspend far beyond their original vacation budget
Why budgeting conversations before booking can help avoid tension during group travel
Creative ways families can lower vacation costs without giving up meaningful experiences
How off-peak destinations and slower travel plans can reduce stress and improve trips
And more!

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Midterm Volatility and Smarter Investment Strategies for Uncertain Markets (Ep. 44)

Wed, 29 Apr 2026 07:00:00 -0400

Uncertainty in the market can make even the most experienced investors question their decisions.

How should you respond when headlines, politics, and volatility start influencing your financial choices?

In this episode, Nick Russell and Becky Wagoner break down how midterm election years have historically impacted the market and what investors can expect during these periods. They explain why volatility tends to rise leading into elections and how markets often recover afterward.

Nick and Becky also explain why trying to time the market can backfire and highlight strategies such as dividend investing and buffered approaches to stay invested while managing risk.

Key takeaways:

How midterm election cycles historically impact market volatility and investor behavior
Why uncertainty often affects markets more than negative news events
The risks of trying to time the market and missing key recovery days
How dividend strategies can generate income during volatile periods
Why staying invested with protective strategies can support long-term outcomes
And more!

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Long-Term Care Planning: What Most People Miss Until It’s Too Late (Ep. 43)

Wed, 08 Apr 2026 07:00:00 -0400

Most people avoid thinking about future care needs until it suddenly becomes real.

What happens when everyday tasks become difficult, and how does that impact your finances and family?

In this episode, Nick Russell and Becky Wagoner break down what long-term care really means and why it is a key part of retirement planning. They explain how care is tied to basic daily activities, who is most likely to need it, and the surprising reality that many claims happen before age 65. The conversation also explores the rising costs of care, common misconceptions about Medicare, and how newer hybrid insurance options are changing how people plan ahead.

Key takeaways:

How long-term care is tied to everyday activities like bathing, dressing, and mobility needs
Why most people will require care at some point, often for shorter but critical periods
The financial impact of care, with costs ranging from $6,000 to over $10,000 monthly
Why Medicare does not cover long-term care and how that creates planning gaps
How newer hybrid insurance strategies combine life insurance with care benefits
And more!

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Financial Planning vs Retirement Planning: What Most People Get Wrong (Ep. 42)

Wed, 25 Mar 2026 07:00:00 -0400

Many people think saving for retirement is the same thing as financial planning.

But are they really the same? And could focusing on one while ignoring the other leave major gaps in your financial future?

In this episode, Nick Russell and Becky Wagoner break down the difference between retirement planning and financial planning and why the distinction matters more than most people realize. They explore how many advisors focus mainly on investments while overlooking taxes, insurance, debt, and estate planning. Nick also explains why retirement planning is often formula-based while financial planning evolves throughout life as goals, priorities, and circumstances change.

Key takeaways:

Why financial planning should act as the blueprint for your entire financial life and not just retirement savings
How many advisor relationships focus mostly on investment returns rather than long-term financial strategy
The difference between the accumulation of assets and the distribution stage during retirement years
Questions people should ask advisors about fiduciary duty, independence, licensing, and the planning process
Why tax planning is becoming the next major focus area in comprehensive financial planning
And more!

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How Much Car Can You Afford? (Ep. 41)

Fri, 13 Mar 2026 14:00:00 -0400

Buying a car can feel exciting, but the payment can quietly shape your financial future.

Are you thinking about what that monthly number means for your long-term plans?

In this episode, Nick Russell and Becky Wagoner share the real numbers behind their recent $40,000 car purchase. They break down when financing at 1.9% made more sense than paying cash, how a $3,000 Costco discount changed the deal, and why your car payment should never exceed what you save for retirement.

They also explore interest rates, emergency reserves, and how to avoid rolling one car payment into the next for decades.

Key takeaways:

How a Costco membership instantly reduced their purchase price by $3,000
Why 1.9% financing can beat paying cash when money is earning elsewhere
A practical benchmark tying your car payment to retirement savings
The importance of cash reserves before taking on any new payment
Why many drivers keep rolling payments instead of keeping cars longer
And more!

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Understanding Disability Insurance: Protecting Your Most Valuable Asset (Ep. 40)

Wed, 18 Feb 2026 07:00:00 -0500

What happens if your paycheck suddenly stops, not because you lost your job, but because you can't work?

Most people never consider this possibility until it's too late.

In this episode, Nick Russell and Becky Wagoner tackle one of the most overlooked aspects of financial planning: disability insurance. They explain what disability insurance actually is, who needs it, and why protecting your income is just as important as protecting your life.

Nick shares his personal experience filing a disability claim early in his career, breaking down the differences between short-term and long-term coverage, employer-sponsored plans versus individual policies, and the critical distinction between "any occupation" and "own occupation" coverage.

Nick and Becky discuss:

The fundamental difference between short-term and long-term disability insurance, and when each applies
Why "any occupation" coverage may leave professionals vulnerable despite lower premiums
How employer-sponsored group plans compare to individual policies in cost and coverage
The reality of Social Security disability benefits and why they shouldn't be your only safety net
Common misconceptions about disability insurance, including AD&D and cancer policies
And More!

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Optimizing Your 401(k) for Maximum Growth and Returns (Ep. 39)

Thu, 05 Feb 2026 07:00:00 -0500

Are you making the most of your retirement savings? Many people contribute to their 401(k) without understanding how to truly maximize its potential.

In this episode, Nick Russell and Becky Wagoner break down the essentials of 401(k) optimization. They explore common mistakes people make with their retirement accounts, explain employer matching strategies, and reveal how proper investment allocation can impact long-term wealth.

Nick also introduces a powerful tool that helps anyone optimize their 401(k) allocations, regardless of their company's plan, making professional-level investment guidance accessible to all.

Key takeaways:

Understanding employer matching formulas and why most companies contribute half of employee contributions
The difference between "fully contributing" and maximizing employer match benefits
Why choosing "moderate" allocations may cost you returns over time
How automatic enrollment increases 401(k) balances by 60% for long-term employees
A tool that provides quarterly investment recommendations tailored to your specific plan
And more!

Resources:

401K Optimizer® Tool

Connect with Sunrise Wealth Advisors:

The HCM 401(k) Optimizer® is offered through Howard Capital Management, an SEC-registered investment adviser which only does business where it is properly registered or is otherwise exempt from registration. SEC registration does not constitute an endorsement of the firm by the Commission nor does it indicate that the adviser has attained a particular level of skill or ability.

All investments and investment strategies have the potential for profit or loss. Different types of investments involve varying degrees of risk, and there can be no assurance that any specific investment or strategy will be suitable or profitable for an investor's portfolio. Information provided should not be construed as personalized investment advice. There can be no assurances that any investment or strategy will match or outperform any particular benchmark. Past performance is not a guarantee of future investment success.

Dollar cost averaging, asset allocation, rebalancing, and diversification strategies do not assure a profit or protect against losses in declining markets.

ROImance: How Couples Should Handle Finances (Ep. 38)

Wed, 21 Jan 2026 07:00:00 -0500

Should couples keep their finances separate or merge everything together? What happens when money meets commitment?

In this episode, Nick Russell and Becky Wagoner tackle the often uncomfortable topic of combining finances in relationships. They discuss why couples who merge their accounts tend to be happier and more financially successful, share practical steps for combining bank accounts and assets, and explore when it makes sense to keep certain accounts separate.

Nick and Becky also address the delicate balance of financial awareness between aging parents and adult children, offering insights on how to handle money across generations.

Key takeaways:

Opening joint bank accounts creates accountability and transparency while paying shared bills from one place
Couples who merge finances report higher relationship quality and stay together longer than those who keep accounts separate
Writing down financial goals and sharing passwords for all accounts builds trust and prevents future complications
Adult children should have awareness of aging parents' finances without necessarily having control over the accounts
Keeping separate accounts makes sense in specific situations, like child support or alimony payments from previous marriages
And more!

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Why 80% of New Year’s Resolutions Fail (and the Simple Fix That Works) (Ep. 37)

Tue, 06 Jan 2026 07:00:00 -0500

Do your New Year's resolutions fade by mid-January? Are you ready to approach goal-setting in a way that actually works for you?

In this episode, Nick Russell and Becky Wagoner explore practical strategies for setting and achieving goals throughout the year. From choosing the right time to set goals based on your personal rhythm to understanding why writing them down makes such a dramatic difference, they share insights that go beyond typical resolution advice.

They discuss the surprising second Friday of January, known as "Quitter's Day," and offer fresh perspectives on making goals fun, meaningful, and achievable across health, wealth, personal space, social connection, and whimsy.

Key takeaways:

Choosing the best time to set goals based on personal rhythm rather than defaulting to January 1st for better results
Covering diverse goal categories, including health, wealth, personal space, social connection, and whimsy for balance
Writing goals down increases achievement rates dramatically, with Harvard MBAs earning 10x more when they documented goals
Making goals action-oriented rather than avoidance-based to increase the likelihood of following through successfully
Creating fun elements like bingo cards or pasta shape challenges to maintain motivation throughout the year
And More!

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The Truth About Health and Longevity with Dr. Ara Suppiah (Ep. 36)

Wed, 17 Dec 2025 07:00:00 -0500

Health is the foundation that allows every financial plan to matter because if you can’t enjoy your wealth, what’s it really for?

In this episode, Nick Russell welcomes back Dr. Ara Suppiah, Founder of The Functional Sports Medicine Institute, to separate myths from facts on nutrition, sleep, and movement.

They discuss how simple daily choices can extend both lifespan and relevance, not just years in life, but life in those years.

Key takeaways:

Why “breakfast is the most important meal” isn’t a one-size-fits-all rule
The link between sleep quality, immunity, and even cancer prevention
How movement, not just exercise, improves longevity and daily function
The truth about fasting, cardio, and strength training for body composition
Why relevance, purpose, and play matter just as much as nutrition
And More!

Previous Episodes of Interest:

Connect with Sunrise Wealth Advisors:

Connect with Dr. Ara Suppiah:

About Our Guest:

Dr. Ara Suppiah is a globally respected medical pioneer in professional sports and the founder of the Functional Sports Medicine Institute. Built on decades of groundbreaking research, the institute addresses the unmet needs of elite athletes by optimizing health, vitality, and sustained high performance. Dr. Ara’s proprietary Functional Sports Medicine™ model blends the sciences of functional medicine, allopathic medicine, and Eastern medical philosophies to combat inflammation and enhance overall well-being. His innovative approach has revolutionized the care of professional athletes, empowering them to excel both on and off the field.

As a sought-after personal physician on the LIV tour and previously on the PGA and LPGA Tours, the ATP and WTA circuits, Dr. Ara provides tailored medical care for some of the world’s top athletes. In addition to his role as a practicing ER Physician, he serves as the Chief Medical Analyst for NBC Sports Golf Channel, where he offers expert insights into athlete health and performance.

Dr. Ara is also a thought leader, speaker, and author, dedicated to reshaping how people approach athlete care. Through his Functional Sports Medicine Masterclass, he is educating and empowering a new generation of professionals with his holistic and science-backed methodologies. With a mission to redefine sports medicine, Dr. Ara continues to pave the way for athletes to achieve peak performance while living healthier, more balanced lives.

Your Year-End Financial Checklist: Smart Moves Before 2026 (Ep. 35)

Wed, 03 Dec 2025 07:00:00 -0500

The end of the year brings more than just holidays.

It’s also a key moment to make tax-efficient moves that can shape your financial picture for the next year.

In this episode, Nick Russell and Becky Wagoner share a practical year-end checklist to help you stay proactive with your retirement accounts, avoid tax penalties, and make informed planning decisions before December 31.

From Roth conversions to charitable donations, they break down what needs to be done now and what can wait until tax season.

Key Takeaways:

The difference between calendar-year and tax-year deadlines for contributions
Which accounts must be funded before December 31, and which can wait until tax filing
How to handle required minimum distributions and use QCDs for charitable giving
Tips on tax-loss harvesting, managing capital gains, and avoiding the wash-sale rule
When and why to consider Roth conversions, plus timing strategies after retirement
And more!

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How to Budget for the Holidays and Avoid Overspending (Ep. 34)

Thu, 20 Nov 2025 07:00:00 -0500

The holidays bring joy, but they also bring financial pressure that can leave you dazed come January.

What if you could enjoy the season without the post-holiday regret? What if your spending reflected what truly matters to you?

In this episode, Nick Russell and Becky Wagoner share strategies for managing holiday expenses while staying aligned with your values. From creating supportive budgets to choosing meaningful gifts over material exchanges, they offer fresh perspectives on celebrating without overspending.

They also reveal startling statistics about gift returns and discuss creative alternatives that prioritize experiences and connections over commercialism.

Key takeaways:

Creating a budget based on what brings you joy (hosting, gifts, or travel) rather than feeling restricted by arbitrary spending limits
Starting with 1% of annual income as a holiday budget baseline and building in 5-10% flexibility for unexpected expenses
Choosing experience-based gifts like time together, teaching family recipes, or childcare exchanges instead of material items
Celebrating holidays on alternative dates to save on travel costs and reduce stress while maintaining meaningful traditions
The reality that 17% of gifts (worth $890 billion) are returned annually, with 8.4 billion pounds ending up in landfills
And more!

Resources:

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The Big Four Hidden Taxes in Retirement (Ep. 33)

Wed, 05 Nov 2025 07:00:00 -0500

Taxes don’t stop when you retire; they just get sneakier. From Social Security surprises to Medicare premium surcharges, retirees face more hidden taxes than they might expect.

In this episode, Nick Russell and Becky Wagoner reveal how to spot and manage the “Big Four Hidden Taxes” that can quietly drain your retirement income. They break down these taxes, how they interact, and what proactive planning can do to minimize their bite.

Nick and Becky also uncover how to recognize, anticipate, and plan for the hidden tax traps that impact retirees’ income, investments, and healthcare costs.

Key Takeaways:

The difference between “obvious” and “hidden” taxes in retirement
How Social Security benefits become taxable and how thresholds apply
What happens if you forget to take Required Minimum Distributions (RMDs)
Understanding the “Tax Torpedo” and its ripple effect on income and Medicare
What IRMAA is and how it can inflate your Medicare premiums, plus how to appeal
And more!

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Even Dying Requires Paperwork: Estate Planning and Legacy Management (Ep. 32)

Wed, 22 Oct 2025 07:00:00 -0400

Estate planning isn’t just for the wealthy. It’s about giving your loved ones clarity and control when it matters most.

In this episode, Nick Russell and Becky Wagoner explain why estate planning should start early, the essential documents everyone needs, and how to protect digital and financial assets for your family’s future.

They share personal stories, practical advice, and even a touching family example that shows how thoughtful planning can leave a lasting legacy.

Nick and Becky explore:

Why failing to plan can cause emotional and financial chaos for families
The four essential documents every adult should have: will, trust, power of attorney, and living will
How beneficiaries and “payable on death” accounts override your will
The importance of organizing and protecting your digital assets and passwords
When to update your estate plan to reflect life changes like marriage, divorce, or new property
And more!

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Small Businesses, Big Retirements: Choosing the Right Plan (Ep. 31)

Wed, 08 Oct 2025 07:00:00 -0400

Running a business means wearing many hats, but retirement planning doesn’t have to get lost in the shuffle.

In this episode, Nick Russell and Becky Wagoner unpack retirement savings strategies designed for small business owners and entrepreneurs. From SEP IRAs to solo 401(k)s, they explain how different plans work, who they’re best suited for, and why offering retirement options can help retain employees. They also share real-life examples and discuss how flexibility is key as your business grows and changes.

Key points:

The differences between SEP IRAs, SIMPLE IRAs, solo 401(k)s, and traditional 401(k)s
Contribution limits, tax considerations, and setup costs for each type of plan
How retirement benefits improve employee retention and reduce turnover costs
Why small business owners shouldn’t rely solely on selling their business as a retirement strategy
Practical advice on evolving your plan as your income and number of employees grow
And more!

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Planning Through the Decades: Money Habits for Every Stage of Life (Ep. 30)

Wed, 24 Sep 2025 18:00:00 -0400

Nick Russell and Becky Wagoner break down what retirement planning really looks like at each stage of life. From the first savings habits in your 30s, to protecting your income and family in your 40s, to running “stress tests” in your 50s to see if you are truly on track, this episode is packed with practical insights and relatable stories.

Nick shares how even $300 a month in your 30s can grow into $1 million, why time in the market matters more than timing, and how reviewing insurance and running projections can prevent costly mistakes later on. Becky adds real-life perspective, including what Fidelity suggests you should have saved by each decade.

What to expect in this episode:

How saving 10% of your income early builds momentum
The power of compounding and why starting late costs more
Insurance and protection strategies in your 40s
Stress testing your plan in your 50s before retirement hits
And more!

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Divorce and Money: Financial Lessons You Can’t Afford to Miss (Ep. 29)

Wed, 10 Sep 2025 07:00:00 -0400

Nick and Becky open up about a deeply relevant topic: divorce and finances.

Drawing from both personal experience and professional perspective, they highlight the hidden financial pitfalls and overlooked steps that can make or break a secure future after separation.

Listeners will learn:

Why updating beneficiaries is one of the most urgent post-divorce tasks
How Social Security benefits may still apply after 10 years of marriage
The role of pension planning and life insurance in protecting income streams
The difference between equal and equitable when dividing assets
And more!

Previous Episode of Interest:

Marriage: The Ultimate Investment in Love and Money (Ep. 28)

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Marriage and Money: What Every Couple Needs to Know (Ep. 28)

Wed, 27 Aug 2025 07:00:00 -0400

Marriage isn’t just about romance. It’s also one of the most impactful financial partnerships you can form.

In this episode, Nick Russell and Becky Wagoner mix humor and practical advice as they explore the financial pros and cons of tying the knot.

From tax breaks to Social Security benefits, they cover how marriage can boost your finances and where it can cause headaches. The conversation also touches on statistics about money habits, financial infidelity, and why open conversations about money matter at every stage of life.

Key Points:

Financial benefits of marriage, which may include potential tax advantages, the ability to contribute to a spousal IRA, and eligibility for Social Security spousal and survivor benefits.
Inheritance rights for spouses and how marriage can simplify asset transfer and beneficiary claims.
Potential drawbacks such as higher combined tax bills, shared debt responsibility, and complications for later-life marriages.
Statistics on couples’ financial habits, including separate vs. joint accounts and the prevalence of financial infidelity.
The importance of regular financial conversations to strengthen relationships and align goals.

Previous Episode of Interest:

Social Security 101: Understanding Your Retirement Benefits (Ep. 24)

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The Most-Asked Financial Questions of 2025 (Ep. 27)

Mon, 11 Aug 2025 07:00:00 -0400

From geopolitical conflicts to viral financial trends, there’s no shortage of worries bombarding investors daily.

But how much of it matters for your money?

This week, Nick Russell and Becky Wagoner answer the burning questions they keep hearing from clients, busting myths and calming nerves about global events, political chatter, and financial TikTok trends.

Nick and Becky discuss:

Whether global conflicts like Russia/Ukraine or unrest in the Middle East should trigger panic for investors
Common misunderstandings about Donald Trump running for a third presidential term
Strategies to avoid getting overwhelmed by 24/7 news cycles, emphasizing living life instead of obsessing over headlines
The sudden buzz around Irrevocable Life Insurance Trusts (ILITs), why TikTok might be fueling interest, and who needs them
Seasonal trends in the stock market, revealing why July often shines while the summer slump is largely a relic of Wall Street history
And More!

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Poker and Planning: What the Cards Can Teach Us About Investing (Ep. 26)

Wed, 16 Jul 2025 07:00:00 -0400

What do poker and smart investing have in common? More than you think.

In this episode, Nick Russell and Becky Wagoner explore how strategies from the poker table can lead to smarter financial decisions. From managing emotions under pressure to calculating odds and pivoting in uncertain environments, they draw surprising parallels between poker psychology and sound financial planning. You’ll also learn the meaning behind classic poker lingo, the origin of the “dead man’s hand,” and why Becky still needs a cheat sheet every time they play.

Nick and Becky discuss:

How mastering psychology helps both poker players and investors stay emotionally grounded
Why knowing your odds and probabilities leads to better financial choices
What long poker tournaments can teach you about patience and retirement planning
How to pivot when the environment shifts, whether it’s market volatility or life itself
And More!

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The Truth About Life Insurance (Ep. 25)

Wed, 02 Jul 2025 07:00:00 -0400

Life insurance isn’t just about death, it’s about what happens to the people you care about most.

How much coverage is enough? What kind of policy should you have? And why do most policies never pay out?

In this episode, Nick Russell and Becky Wagoner uncover the purpose, types, and real value of life insurance. From ancient burial clubs to modern strategies, they share relatable stories, surprising facts, and practical guidance for evaluating your current coverage—or getting started the right way.

Nick and Becky discuss:

The key differences between term and permanent life insurance, including how they function and when each is appropriate
Why so many people are underinsured and how to calculate the right amount of coverage based on income, debt, and dependents
The reasons most life insurance policies never pay out and how to avoid letting yours lapse
What impacts a policy's payout eligibility, including suicide clauses, felonies, and dangerous professions
How to review and potentially modify an existing life insurance policy to keep it relevant as life circumstances change
And more!

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Social Security 101: Understanding Your Retirement Benefits (Ep. 24)

Wed, 18 Jun 2025 07:00:00 -0400

Social Security is one of the most misunderstood aspects of retirement planning, but understanding it can make a big difference.

What does it take to qualify for benefits? How does timing impact your payout? And what strategies can you use to maximize your benefits?

In this episode, Nick Russell and Becky Wagoner discuss the essentials of Social Security, covering its role in retirement planning, how contributions are calculated, and the importance of timing when claiming benefits. They also debunk myths and highlight strategies to ensure listeners make informed decisions about their financial future.

Nick and Becky discuss:

The basics of Social Security eligibility, including work credits and contribution requirements
How your highest-earning 35 years affect your benefit calculation.
The pros and cons of early, full, and delayed benefit claims
Common misconceptions about Social Security, such as taxation and sustainability
Planning strategies, including spousal and survivor benefits, and tools to help you make the best decisions
And more!

Resources:

Learn more about your Social Security benefits at ssa.gov.

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What Market Volatility Really Means (Ep. 23)

Fri, 06 Jun 2025 07:00:00 -0400

Volatility gets a bad reputation, but is it really something to fear?

Is the market truly unpredictable, or are we just reacting to the wrong signals? What if understanding volatility could help you make better, calmer financial decisions?

In this episode, Nick Russell and Becky Wagoner talk about the misunderstood concept of market volatility, how it impacts emotional decision-making, and what historical data reveals about long-term investing. They explain how staying grounded and informed can lead to better outcomes in retirement planning.

Nick and Becky discuss:

How “market volatility” is often mischaracterized and misused in the media to provoke fear
Why emotional reactions to market shifts can lead to harmful decisions, such as overtrading or poorly timed exits
Long-term S&P 500 performance data showing that most years yield gains, reinforcing the importance of staying invested
Behavioral finance principles like loss aversion, overconfidence bias, and herding, and how they shape investor behavior
How understanding normal market patterns can help pre-retirees and retirees plan more confidently for their financial future
And more!

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Nutrition, Supplements, and Plant-Based Diets with Dr. Ara Suppiah - Part 2 (Ep. 22)

Wed, 14 May 2025 07:00:00 -0400

Want to know the truth about nutrition and supplements? Are you confused by all the conflicting information out there?

Find out as Nick Russell continues his conversation with Dr. Ara Suppiah, Founder of The Functional Sports Medicine Institute. They explore the facts and myths surrounding nutrition, multivitamins, and plant-based diets, and their impact on your energy.

They discuss:

The importance of calories in the body
The role of macronutrients and micronutrients
Common misconceptions about supplements and nutrition
The value of a good multivitamin
The importance of Omega-3s
And more!

Resources:

Lose Weight and Feel Great Forever by Dr. Ara Suppiah

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Connect with Ara Suppiah:

About our Guest:

How Health Impacts Wealth with Dr. Ara Suppiah Pt. 1 (Ep. 21)

Thu, 01 May 2025 07:00:00 -0400

Money may fund your dreams, but your body is what allows you to chase them.

What if feeling tired, stressed, or “off” wasn’t just aging but something fixable?

In this episode, Nick Russell interviews Dr. Ara Suppiah, Founder of The Functional Sports Medicine Institute, about the essential connection between health and financial well-being.

They discuss how traditional healthcare often overlooks root causes and how Functional Sports Medicine prioritizes personalized, holistic strategies to help people feel their best, especially as they age.

Dr. Suppiah discusses:

The essence of Functional Sports Medicine and its impact on aging and wellness
The significance of maintaining balance in diet and inflammation management
Practical tips for utilizing multi-vitamins and Omega-3s effectively
The importance of experiencing life fully and wisely investing in your health
And more!

Resources:

Lose Weight and Feel Great Forever by Dr. Ara Suppiah

Connect with Sunrise Wealth Advisors:

Connect with Ara Suppiah:

About our Guest:

Choosing a Financial Advisor: 7 Key Questions to Ask Before You Decide (Ep. 20)

Wed, 19 Mar 2025 07:00:00 -0400

Selecting a financial advisor can shape your financial future, so asking the right questions is vital.

In this episode, Nick Russell and Becky Wagoner discuss key considerations when choosing a financial advisor, emphasizing the importance of understanding fiduciary responsibilities, communication styles, and compensation models.

They highlight how advisors’ approaches can significantly impact your financial planning and stress the value of finding someone you trust.

Nick and Becky discuss:

The importance of confirming if an advisor is a fiduciary and why this matters for your financial interests
Questions to clarify the range of services an advisor offers, from investments to tax planning
The significance of understanding an advisor's communication habits and frequency of updates
Evaluating an advisor’s client base and determining if they are a good match for your needs
Transparency in how advisors are compensated and why it’s critical to ensure alignment of interests
And more!

Resources:

Verify your financial advisor’s credentials and history!

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Understanding Annuities: Breaking Down the Basics (Ep. 19)

Thu, 06 Mar 2025 07:00:00 -0500

Annuities can be a confusing financial topic, often met with strong opinions and misconceptions.

What are they, how do they work, and who should consider them? Are they really as complicated as they seem?

In this episode, Nick Russell and Becky Wagoner tackle the fundamentals of annuities, explaining the four main types and how they function. They break down the potential benefits and drawbacks, providing clarity on how annuities can fit into different financial strategies.

Nick and Becky discuss:

The four main types of annuities
Common misconceptions about annuities, including concerns about fees and risk levels
The role of annuities in retirement planning and how they can provide predictable income
Key factors to consider when deciding whether an annuity is a good fit for your financial situation
Historical origins of annuities, dating back to the Roman Empire, and their evolution into modern financial products
And more!

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In-Service Distributions: The Hidden Opportunity in Your Retirement Plan (Ep.18)

Wed, 19 Feb 2025 07:00:00 -0500

Financial decisions can be daunting, especially when they involve understanding complex options like in-service distributions.

How can you make sure your retirement planning stays on track? What steps should you take to optimize your savings without falling into common pitfalls?

In this episode, Nick Russell and Becky Wagoner explore the concept of in-service distributions, demystifying its nuances and explaining how it can benefit your financial strategy. They provide relatable anecdotes, practical advice, and insights to empower listeners in their retirement planning journey.

Key Discussions:

The definition of in-service distributions and how they differ from standard withdrawals or rollovers
Eligibility criteria, including plan-specific options and age requirements
The benefits, such as increased investment flexibility and access to principal-protected options
Practical scenarios where in-service distributions provide a strategic advantage, such as optimizing annuity payouts
Common mistakes to avoid and the importance of professional guidance in navigating in-service distributions
And more!

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Retirement Catch-Up Contributions: Time Travel and Condiments (Ep. 17)

Thu, 06 Feb 2025 07:00:00 -0500

Retirement planning doesn’t have to be daunting, even if you feel like time has slipped away.

With a little strategic action, you can still make significant progress toward financial stability.

In this episode, Nick Russell and Becky Wagoner tackle practical ways to increase retirement savings, even if you’ve started late. They explore little-known opportunities to contribute retroactively to your accounts, discuss updated contribution limits, and explain creative strategies for staying on track as you near retirement. All this, with a touch of humor and real-world relatability.

They discuss:

How individuals can retroactively contribute to IRAs, Roth IRAs, and SEP IRAs for the previous tax year, offering a valuable chance to maximize savings before the April 15 deadline
Catch-up contributions for those aged 50 and older, highlighting how they can help bridge retirement savings gaps
The new "super catch-up" contributions available for ages 60 to 63, allowing significantly higher contributions to employer-sponsored plans like 401(k)s
Strategies for systematically saving throughout the year to reduce the financial burden of lump-sum contributions at year-end
The importance of working closely with a financial advisor to stay informed about key ages and deadlines that impact retirement planning, from Social Security eligibility to Medicare enrollment
And more!

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Retirement and Investing Cheat Codes (Ep. 16)

Mon, 13 Jan 2025 15:00:00 -0500

Managing finances for retirement doesn’t have to feel overwhelming.

Learn straightforward strategies that can help simplify your financial planning!

In this episode, Nick Russell and Becky Wagoner share three practical "cheat codes" for managing retirement investments, from understanding how money grows over time to determining safe withdrawal rates.

With humor and clarity, they break down complex concepts into actionable tips, ensuring listeners leave informed and empowered.

Nick and Becky discuss:

The Rule of 72, a simple method to estimate how long it takes for an investment to double based on the annual rate of return
The 4% Rule for determining sustainable annual withdrawals during retirement without running out of funds
A modern take on asset allocation formulas to balance growth and stability in portfolios
How retirement trends have evolved over the decades for men and women, impacting financial planning strategies
The importance of aligning investment decisions with personal risk tolerance and long-term goals
And more!

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Financially Smart Holiday Celebrations (Ep. 15)

Wed, 18 Dec 2024 07:00:00 -0500

Holidays bring joy but often come with hidden financial pressures.

Balancing festive cheer and budgeting is crucial for long-term financial health.

How can you celebrate the season without overspending?

This week, Nick Russell and Becky Wagoner delve into practical tips for managing holiday budgets, fostering meaningful connections, and avoiding post-season debt. Discover strategies to prioritize experiences and financial security over extravagance.

They discuss:

Budgeting beyond gifts, including overlooked holiday expenses like travel, food, and hosting costs
The emotional and financial benefits of shifting from material gifts to experience-based celebrations
Creative approaches to reduce gift-giving pressure, including Secret Santa and family agreements
The financial pitfalls of gift cards and their underutilization.
The importance of transparency with family about financial constraints and making sustainable holiday decisions
And more!

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Tax Loss Harvesting: Turning Setbacks into Savings (Ep. 14)

Wed, 27 Nov 2024 07:00:00 -0500

Ever wondered how you could save money on taxes by losing money?

What if those past financial losses could actually be a blessing in disguise?

In this episode of Can I Retire Now? Nick Russell and Becky Wagoner take you through the ins and outs of tax loss harvesting. Join them as they discuss how this financial strategy might turn your investment losses into tax savings, all without corporate lingo.

With a mix of humor and real-world examples, Nick and Becky demystify the topic to help even the most finance-averse listeners understand.

They cover:

How tax loss harvesting enables investors to offset taxable gains with prior investment losses
The rules and practical application of harvesting losses for non-retirement investment accounts
The importance of collaboration between financial advisors and accountants to maximize savings
Common pitfalls, including the "wash sale rule," which can nullify tax benefits if not properly managed
How mutual funds pass capital gains to investors and why other investment vehicles like ETFs might offer more control
And more!

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Should I Stay or Should I Go? Deciding Between Moving or Renovating (Ep. 13)

Wed, 13 Nov 2024 15:00:00 -0500

Should you invest in renovating or find a new home altogether?

In this episode, Nick Russell and Becky Wagoner share their recent whirlwind experience of deciding between renovating and moving.

Recently caught off-guard by a sudden home move, they discuss the factors that led to their decision shift, offering insights into navigating big life changes with clear financial thinking.

Will their story inspire you to rethink your own home and financial plans?

Find out as they dive deep into the emotional and practical sides of this common dilemma.

Nick and Becky discuss:

Moving vs. Renovation: Their unexpected switch from renovation to moving
The Unexpected Real Estate Journey: How a surprise house hunt led them to buy a new home
Money Talk: Handling financial aspects of buying a new house and renting the old one
Lessons Learned: The importance of professional advice and saving for future home plans
And more!

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The Election Cycle and Your Investments: A Non-Partisan Financial Approach (Ep. 12)

Wed, 30 Oct 2024 07:00:00 -0400

What role does the election cycle play in your financial future? Should political shifts influence your retirement planning?

In this episode of Can I Retire Now?, Nick Russell and Becky Wagoner break down the effects of presidential elections on the stock market and retirement savings.

They share unbiased insights on the historical performance of the market under different political regimes, revealing strategies that focus on long-term growth rather than political outcomes.

Nick and Becky discuss:

Historical market performance under different presidential parties
The surprising benefits of a split Congress versus single-party control
How proposed policies from both sides may impact your investments
The importance of staying the course and avoiding emotionally driven financial decisions
And more!

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Navigating Mortgage Decisions in Retirement (Ep. 11)

Thu, 10 Oct 2024 09:00:00 -0400

Are you nearing retirement and wondering if you should pay off your mortgage first? Is downsizing or relocating a good idea upon retirement?

Nick Russell and Becky Wagoner discuss the mortgage question in retirement. They explore whether it's a good idea to pay off a mortgage before retirement and the factors to consider when making this decision. They also discuss downsizing and relocating in retirement and the financial implications of these choices.

Nick and Becky discuss:

Is paying off a mortgage before retirement always the best choice, especially when the interest rate is low?
What financial implications, like property taxes, insurance, and maintenance costs, should be considered when downsizing or relocating in retirement?
How can a mortgage calculator help estimate monthly payments and guide housing decisions?
Why is consulting with a financial advisor essential when making decisions about mortgages, downsizing, and relocating in retirement?
And more

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How 529 Plans Can Set Your Kids Up for Financial Success (Ep.10)

Wed, 25 Sep 2024 06:00:00 -0400

Saving for your kid’s college doesn’t have to mean sacrificing your own financial security.

Nick Russell and Becky Wagoner explore the ins and outs of 529 plans, the versatile college savings vehicles that can do so much more than just cover tuition fees. From understanding the tax advantages to exploring the flexibility and contributions limits, Nick and Becky break down everything you need to know about these financial tools.

Nick and Becky discuss:

The fundamentals of 529 plans and their tax benefits
Differences between 529 plans and prepaid tuition plans
The versatility of 529 funds for various educational and related expenses
How 529 plans can potentially impact your retirement planning and financial future
And more

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Demystifying the Federal Reserve: Who is the Fed? (Ep. 9)

Wed, 11 Sep 2024 15:00:00 -0400

Ever wonder who controls the rise and fall of interest rates and how it impacts your financial life?

Join Nick and Becky as they delve into the role of the Federal Reserve and explain what happens when interest rates go up or down. Discover how these changes can affect everything from your mortgage to your retirement portfolio. Gain insightful tips on how to navigate the shifting landscape of interest rates to better plan for your financial future.

Nick and Becky discuss:

Who is the Fed?: Understand the Federal Reserve's role and its significant impact on the economy.
Impact of Rising Interest Rates: Learn how increased rates can affect loans, mortgages, and investments.
Benefits of Higher Interest Rates: Explore how higher rates can provide better returns on savings and investments.
Strategy for Retirement: Get practical advice on how to adjust your retirement planning in response to changing interest rates.
And more

Tune in now to demystify interest rates and take control of your financial future with Nick Russell and Becky Wagoner on the "Can I Retire Now?" podcast.

Correction Notice:

At the 3:00 minute mark, there was an error in referencing the book title. The correct title is The Creature from Jekyll Island by G. Edward Griffin. We apologize for any confusion.

The Creature from Jekyll Island

https://a.co/d/7O0aT1Q

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Redefining Yourself in Retirement (Ep. 8)

Wed, 28 Aug 2024 06:00:00 -0400

Have you ever wondered how you'll introduce yourself once you retire?

Nick Russell and Becky Wagoner explore the often-overlooked challenge of identity after leaving the workforce. Tune in to hear Becky’s personal experiences and get tips on how to craft a new, meaningful self-description that doesn’t rely on your job title.

Nick and Becky discuss:

The importance of redefining personal identity post-retirement
Becky’s humorous attempts at inventing job titles
Strategies to introduce yourself without mentioning your career
Tips for engaging others in conversations that don’t focus on work
And more

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What Do I Do Now? Turning Hobbies into Happiness (Ep. 7)

Wed, 14 Aug 2024 06:00:00 -0400

One of the biggest concerns when it comes to retirement is finding something to replace the time you would be spending working.

The question "What are you going to do with all that free time once you retire?" seems to always creep up.

We aim to answer this question and more! Join in the conversation as Nick and Becky guide you through discovering multiple hobbies that can bring joy, fulfillment, and even improve your overall happiness in retirement!

Transitioning from a busy work schedule to retirement can be daunting. Understanding how to fill your time with meaningful activities can not only ease this transition but significantly boost your contentment and mental well-being.

Nick and Becky discuss:

Transitioning from work life to leisure life
The importance of hobbies
The different categories of hobbies—thinking, active, creative, and social—and why combining them is beneficial.
And more!

Join the conversation and learn how to turn your retirement into a period of growth, fun, and endless opportunities!

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Financial Literacy Insights on Investment Returns and Risk Management (Ep. 6)

Wed, 24 Jul 2024 10:00:00 -0400

Think you can just 'set it and forget it' with your retirement plans? Think again!

Nick Russell and Becky Wagoner dive into the key factors that impact your investment returns, using relatable and amusing analogies to demystify financial concepts. They discuss how to manage investment risk, the difference between asset allocation and diversification, and why regular reviews are essential for financial success.

Nick and Becky touch on:

Understanding risk management in your retirement investments
Differentiating between asset allocation and diversification
How to maintain a long-term perspective while investing
The importance of regular review and rebalancing of your portfolio
And more

Asset allocation and diversification are investment strategies that will not guarantee a profit or protect you from loss.

Nitrogen Quiz:

https://www.sunrisewealthadvisors.com/nitrogen

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Understanding the Tax Triangle (Ep. 5)

Wed, 10 Jul 2024 07:00:00 -0400

Are your savings smartly diversified to beat the tax man in retirement?

Nick Russell and Becky Wagoner delve into the intricacies of taxes and retirement savings, breaking down the 'tax triangle' to shed light on how different tax treatments affect your investments. Their easy-to-understand explanations aim to make a complex topic more approachable, ensuring you're better prepared for your financial future.

Nick and Becky discuss:

Tax-deferred accounts and their impact on retirement savings
Understanding taxable accounts and annual tax liabilities
The benefits of Roth IRAs and other after-tax investment options
Real-life examples to illustrate the importance of tax diversification in your savings strategy
And more

Tax Triangle PowerPoint

https://www.sunrisewealthadvisors.com/additional-tools

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Exploring the Basics of Retirement Accounts (Ep. 4)

Wed, 26 Jun 2024 07:00:00 -0400

Did you know that over 60% of people don't understand the differences between various retirement accounts? Are you ready to decipher the mysteries of retirement accounts and take control of your financial future?

Nick Russell and Becky Wagoner dive deep into the essential topic of financial literacy in retirement planning. Get ready to untangle the complexities of products like 401(k)s, IRAs, and Roth IRAs, as they break down how these accounts work, the importance of employer matches, and common misconceptions.

Nick and Becky discuss:

What are the ins and outs of 401(k) plans, including employer matches and tax benefits
What are the basics and benefits of IRAs and Roth IRAs, and how do they differ from each other
How does the roll-over process work when changing employers and managing old accounts
What practical advice can help with taking the first steps towards securing your retirement savings
And more

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The Art of Money Management (Ep. 3)

Wed, 12 Jun 2024 08:00:00 -0400

How much are you spending on eating out and “treats”? If you add up the miscellaneous costs, would it equal less than your monthly pay?

Nick Russell and Becky Wagoner explore the art of tracking your spending habits. They reveal how this simple act can uncover surprising truths about your financial health and pave the way for a firmer grip on your future finances.

Nick and Becky discuss:

The difference between tracking and budgeting your expenses
Real-life examples of how small, everyday transactions add up
Strategies for transitioning from self-awareness to actionable financial planning
Tips for categorizing your expenses to better understand your spending habits
And more

Tiny Changes, Remarble Results: Atomic Habits

https://jamesclear.com/atomic-habits

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Follow the Money to Financial Savings (Ep. 2)

Wed, 12 Jun 2024 07:00:00 -0400

Are you feeling lost in the maze of your finances and dreaming about retirement? Imagine how changing one small habit could transform your financial future.

Nick Russell and Becky Wagoner dive deep to unravel the secrets of mindful spending and its pivotal role in shaping your retirement dreams. Whether it's about setting a budget or the nuances of tracking daily expenditures, this conversation is a ladder to financial clarity.

Nick and Becky discuss:

The importance of tracking your spending to unveil financial habits.
Strategies for setting realistic budgets that pave the way for savings and investments.
The critical role of financial planning in retirement preparation.
Innovative approaches to instilling financial literacy from a young age.
And more

Expense Tracker:

Nick & Becky's Excel Expense Tracker

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Unveiling Retirement Realities with 'Can I Retire Now?’ (Ep. 1)

Wed, 12 Jun 2024 06:00:00 -0400

Have you ever wondered if retirement is just a dream or a feasible reality? What’s holding you back from starting your retirement planning journey?

Join Nick Russell and his wife Becky Wagoner in the first episode of "Can I Retire Now?" as they explore various questions related to retirement planning. Listen in as they discuss their backgrounds, the motivation behind the podcast, and why taking a holistic approach to financial planning is crucial.

Nick and Becky aim to ignite meaningful financial discussions for listeners at home and beyond, offering insights to empower their audience on their financial journey.

Nick and Becky discuss:

Nick’s journey from applied mathematics to financial advising.
Becky's transition from higher education to financial discussions.
The significance of starting financial planning early in life.
The need to strip emotions from financial decisions for long-term success.
And more

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