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Retirement Answers

Jacob Duke, CFP®

Retirement Answers is a podcast built to help you succeed in retirement. The thought of retirement can be overwhelming and downright scary for many... but it doesn't have to be! The goal of this podcast is to provide thoughtful insights and strategies to give you the confidence you need to retire successfully. At the end of the day, my ultimate goal for my clients and podcast listeners is to live a fulfilling retirement. Follow along as I publish a new episode each week covering everything from retirement income planning, tax planning, Social Security, insurance planning, investing, and much more. Here's to learning everything you need to know to live out your dream retirement!
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Top 10 Retirement Answers Episodes

Best episodes ranked by Goodpods Users most listened

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11/14/23 • 20 min

Roth conversions are a powerful tax savings tool for many retirees. There are many reasons to do Roth conversions:

  • Pay less tax now compared to the future
  • Minimize future RMDs
  • Avoid future IRMAA surcharges
  • Help avoid the Widow's Tax Trap
  • Leave tax-free assets to heirs

But mistakes can be made when doing these conversions. In this episode, Jacob shares 6 common Roth conversion mistakes to watch out for.

***Help me make the show better in 2024. Fill out this quick survey!

Want help with your retirement plan?👇🏼
☎️ Book a call with me: https://calendly.com/jacobduke/intro
✉️ Email me: [email protected]

Submit your question here: [email protected]
YouTube: https://www.youtube.com/@retirementanswers

#retirement #howmuchtoretire #retirementplanning #rothira #rothconversion #investing #401k #socialsecurity

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11/14/23 • 20 min

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10/31/23 • 26 min

Retirement can be a scary thought. Do I have enough to retire? When should I take Social Security? What if I run of money before I die? How much can I spend?

These are big questions that can create anxiety as you approach retirement. So, in this episode, I share 7 common retirement fears and how you can overcome them. This isn't a comprehensive list of fears that come up in retirement, but they are some of the most common ones I hear about.

***Help me make the show better in 2024. Fill out this quick survey!

Want help with your retirement plan?👇🏼
☎️ Book a call with me: https://calendly.com/jacobduke/intro
✉️ Email me: [email protected]

Submit your question here: [email protected]
YouTube: https://www.youtube.com/@retirementanswers

#retirement #howmuchtoretire #retirementplanning #rothira #rothconversion #investing #401k #socialsecurity

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10/31/23 • 26 min

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09/26/23 • 19 min

What are you going to do next time the market enters a recession? Are you prepared? Do you have a plan?

Most investors are reactive to turbulence in the market. They act out of emotion and fear, which is human nature, but if they had a plan in place BEFORE the market volatility came, they wouldn't have to panic.

Listen in as I share why you have to:

  • Have a plan before the market volatility begins
  • Expect poor market and economic conditions

And how how you can change your outlook on retirement so you don't have to live in worry.

Want help with your retirement plan?👇🏼
☎️ Book a call with me: https://calendly.com/jacobduke/intro
✉️ Email me: [email protected]

Submit your question here: [email protected]
YouTube: https://www.youtube.com/@retirementanswers

#retirement #howmuchtoretire #retirementplanning #rothira #rothconversion #investing #401k #socialsecurity

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09/26/23 • 19 min

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10/17/23 • 20 min

Retirement can be challenging... When should I take Social Security? How aggressively should I be investing? How can I manage my taxes? Where is my income going to come from?

These are the challenges that typically come up when planning for retirement. But as a financial planner who does retirement planning every day, I have found that one of the hardest parts of retirement is the mental side.

Most retirees are worried about spending too much money each month. This can steal your joy because of constant anxiety, and by not spending enough, you are cutting yourself short form the fulfilling retirement you dreamed of.

Today, I talk through this common struggle and provide 3 steps you can take to build your confidence in your income and spending plan in retirement.

***Help me make the show better in 2024. Fill out this quick survey!

Want help with your retirement plan?👇🏼
☎️ Book a call with me: https://calendly.com/jacobduke/intro
✉️ Email me: [email protected]

Submit your question here: [email protected]
YouTube: https://www.youtube.com/@retirementanswers

#retirement #howmuchtoretire #retirementplanning #rothira #rothconversion #investing #401k #socialsecurity

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10/17/23 • 20 min

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10/10/23 • 16 min

The Health Savings Account (HSA) is the only account you can contribute to that receives triple-tax advantages.

  • Tax-deductible contributions
  • Tax-deferred growth
  • Tax-free distributions (for qualified medical expenses)

And having a funded HSA in retirement comes with it's advantages:

  • Use for more frequent healthcare costs
  • Bridge gap until Medicare age
  • Helps pay for long-term care
  • Can be used for anything after age 65 without penalty

***Help me make the show better in 2024. Fill out this quick survey!

Want help with your retirement plan?👇🏼
☎️ Book a call with me: https://calendly.com/jacobduke/intro
✉️ Email me: [email protected]

Submit your question here: [email protected]
YouTube: https://www.youtube.com/@retirementanswers

#retirement #howmuchtoretire #retirementplanning #rothira #rothconversion #investing #401k #socialsecurity

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10/10/23 • 16 min

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10/03/23 • 24 min

Deciding when to take your Social Security benefits is a common question for most retirees. This decision can cause stress because there is never a perfect answer.

If you knew how long you were going to live, it would make this really easy, but that just isn't reality. So, making the most educated decision based on your specific situation is all you can do.

In this episode of Retirement Answers, I cover the following:

  • The basics of how your Social Security benefits are calculated
  • 3 questions to ask yourself when deciding when to take Social Security
  • And 6 things to consider when making this decision

It's not always as easy as saying, "I'm going to take my benefits as soon as I can because I want to get something out of Social Security". Yes, your health, family history, and current financial situation might indicate that you should take your benefits as soon as possible.

But for others, this could be a mistake. I hope this episode helps give you some insights into what you should think about before taking Social Security.

If you are enjoying Retirement Answers, please give a rating and review. Also, share the podcast with friend who might find it helpful.

Want help with your retirement plan?👇🏼
☎️ Book a call with me: https://calendly.com/jacobduke/intro
✉️ Email me: [email protected]

Submit your question here: [email protected]
YouTube: https://www.youtube.com/@retirementanswers

#retirement #howmuchtoretire #retirementplanning #rothira #rothconversion #investing #401k #socialsecurity

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10/03/23 • 24 min

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10/24/23 • 17 min

The 2024 Social Security COLA has been announced! I am sharing the following:

  • What the 2024 COLA is
  • Who gets the COLA
  • How does it compare to COLAs historically
  • Why WHEN you begin receiving your Social Security benefits continues to impact you moving forward
  • 2 reasons why your COLA won't be as high as you think

***Help me make the show better in 2024. Fill out this quick survey!

Want help with your retirement plan?👇🏼
☎️ Book a call with me: https://calendly.com/jacobduke/intro
✉️ Email me: [email protected]

Submit your question here: [email protected]
YouTube: https://www.youtube.com/@retirementanswers

#retirement #howmuchtoretire #retirementplanning #rothira #rothconversion #investing #401k #socialsecurity

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10/24/23 • 17 min

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09/19/23 • 15 min

Tax planning in retirement is a crucial piece in a successful retirement plan. We often think about Roth conversions and tax-loss harvesting as the primary ways to lower your tax bill in your retirement years.

But many forget about an opportunity right in front of them... Tax-gain harvesting!

This is when you can use the long-term capital gains tax rates to your advantage by intentionally realizing gains when your income is low. By doing this you can achieve a 0% capital gains rate on your investment gains!

Want help with your retirement plan?👇🏼
☎️ Book a call with me: https://calendly.com/jacobduke/intro
✉️ Email me: [email protected]

Submit your question here: [email protected]
YouTube: https://www.youtube.com/@retirementanswers

#retirement #howmuchtoretire #retirementplanning #rothira #rothconversion #investing #401k #socialsecurity

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09/19/23 • 15 min

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09/12/23 • 22 min

Do you have an old 401k from a previous employer? Or maybe even a few straggling out there?

I'm a fan of keeping things organized and simple, so rolling over those old 401ks into an IRA to consolidate your money could is typically a good idea. The hard part is knowing how to actually do the rollover correctly.

It can be scary because it is your life savings that you are trying to move from one account to another.

Well, in this episode, I guide you through the exact process to make sure you do your 401k rollover correctly. Also, I share the benefits of doing a rollover and different times it might not make sense to do a rollover.

Want help with your retirement plan?👇🏼
☎️ Book a call with me: https://calendly.com/jacobduke/intro
✉️ Email me: [email protected]

Submit your question here: [email protected]
YouTube: https://www.youtube.com/@retirementanswers

#retirement #howmuchtoretire #retirementplanning #rothira #rothconversion #investing #401k #socialsecurity

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09/12/23 • 22 min

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11/07/23 • 20 min

Social Security is one of the pillars of retirement income. But it can be very confusing when you think about PIAs, FRAs, and spousal benefits.

In this episode, I break down everything you need to know about Social Security Spousal Benefits and how they work. A big misconception I often hear is that "You get 50% of your spouses benefits."

I share why this is a misunderstanding and how spousal benefits are truly calculated. Also, be sure to listen to the end if you are divorced. You could be entitled to spousal benefits if you meet certain criteria!

***Help me make the show better in 2024. Fill out this quick survey!

Want help with your retirement plan?👇🏼
☎️ Book a call with me: https://calendly.com/jacobduke/intro
✉️ Email me: [email protected]

Submit your question here: [email protected]
YouTube: https://www.youtube.com/@retirementanswers

#retirement #howmuchtoretire #retirementplanning #rothira #rothconversion #investing #401k #socialsecurity

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11/07/23 • 20 min

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FAQ

How many episodes does Retirement Answers have?

Retirement Answers currently has 47 episodes available.

What topics does Retirement Answers cover?

The podcast is about Retirement, Investing, Podcasts, Education and Business.

What is the most popular episode on Retirement Answers?

The episode title '6 (Common) Roth Conversion Mistakes to Avoid!' is the most popular.

What is the average episode length on Retirement Answers?

The average episode length on Retirement Answers is 15 minutes.

How often are episodes of Retirement Answers released?

Episodes of Retirement Answers are typically released every 7 days.

When was the first episode of Retirement Answers?

The first episode of Retirement Answers was released on Dec 16, 2022.

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