The Guided Retirement Show

If you don’t understand the rules of IRAs, bad things happen. With the wrong portfolio, you may find yourself hearing people tell you what you could’ve, should’ve, and would’ve done–and those little decisions can add up to make some big differences.

If you don’t want to wake up to an unpleasant tax surprise in retirement, today’s episode is for you. Once again, I’m speaking to Ed Slott, America’s IRA Expert. He’s been teaching financial advisors about the ins and outs of IRAs for decades, and he’s returned to the podcast to share lots of great new information on this extremely complex topic.

In this conversation, Ed and I discuss why retirees often get such bad guidance, the new time bombs ticking in the world of retirement (and how best to avoid them), and why now may very well prove to be the best time in your life to pay taxes for years (or decades) to come.

In this podcast interview, you’ll learn:

• Why bad tax planning does the most damage to people with the biggest retirement savings.
• How changes to the tax codes have created a number of new “time bombs” for retirees to worry about.
• Why the SECURE Act took away many of the greatest benefits of holding retirement accounts.
• The one document that’s more important than your trust that so many retirees fail to recognize the value of.
• Why IRAs or 401(k)s can no longer be passed on to your children.
• What makes “defer, defer, defer” such a bad tax strategy right now.
• Why now is the right time to find a great financial advisor.

Get Today's Show Notes

To get a full recap of today's conversation, including the biggest takeaways, transcripts, and links to all the resources mentioned, visit GuidedRetirementShow.com/67

Learn More about Retirement Planning

Find out more about retirement planning and Barber Financial Group, by visiting BarberFinancialGroup.com

We’ve seen incredible growth in the alternatives market over the last several years, and plenty of secondary markets have emerged for corporate investments. But what do you do if you want to invest in assets like real estate investment trusts (REITs)? These investment vehicles come in all shapes and sizes. Some have been wildly successful, and others have been complete and total flops.

To help us improve our understanding of these investments, I’m thrilled to welcome Brian King. Brian is the CEO of Realto, a marketplace for non-traded securities that would otherwise be illiquid. Institutional and even retail buyers can use platforms like Realto to buy positions in REITs.

In our conversation, we explore why you might (or might not) want to invest in private markets, how a platform like Realto helps determine the actual value of illiquid assets, and the alternative marketplaces he sees emerging in the months to come.

In this podcast interview, you’ll learn:

• Why it’s so hard to know what you’re specifically investing in when working through broker/dealer channels.
• Why real estate is by nature illiquid–and why so many REITs have never had liquidity events.
• Why you should be wary of letters from McKinsey, CMG, and Comrit.
• How real estate can act like a bond on steroids when an asset performs well.
• Why a marketplace for private debt and private equity is in Brian’s future.

Get Today's Show Notes

To get a full recap of today's conversation, including the biggest takeaways, transcripts, and links to all the resources mentioned, visit GuidedRetirementShow.com/64

Learn More about Retirement Planning

Find out more about retirement planning and Barber Financial Group, by visiting BarberFinancialGroup.com

Many people think that claiming Social Security is a simple process–that is, until they do it.

Ken Sokol is living proof of this. He retired from his engineering career at Hallmark in the early 2000s at the age of 54. Soon, he found himself digging deep into how Social Security claims actually worked, became a traveling lecturer on the topic, and joined the National Academy of Social Insurance–a think tank based in Washington, D.C. working to help retirees understand the choices they make and what’s really at stake when it comes to Social Security.

In today’s episode, we discuss strategies you can do, and mistakes to avoid, when claiming Social Security. We’ll cover why your retirement distribution strategy could be the difference between bringing in, or losing, more retirement income. Additionally, we’ll review some financial questions you should be asking yourself as you prepare for retirement.

In this podcast interview, you’ll learn:

• How provisional income limits work–and why you stand to lose more money than you think you do by making mistakes in your claims.
• Why boomers are going to blow away life expectancy tables–and how to build a financial plan that takes this into account.
• Why choosing to withdraw from a Roth IRA or a traditional IRA first is not an either-or question.
• Why the Social Security office will never help answer your questions–and who can.

Get Today's Show Notes

To get a full recap of today's conversation, including the biggest takeaways, transcripts, and links to all the resources mentioned, visit GuidedRetirementShow.com/63

Learn More about Retirement Planning

Find out more about retirement planning and Barber Financial Group, by visiting BarberFinancialGroup.com

Everybody knows that life can be unpredictable, and anything can happen at any time. Out of nowhere, we may lose a loved one, fall ill ourselves, or end up living through a natural disaster–and the last thing you want in these trying moments is to be in financial distress.

This is why disaster planning is a critical part of retirement planning. Many people fail to make several necessary arrangements for end-of-life planning before disaster strikes, and it can lead to massive expenses, a conflict that tears families apart, and nasty court battles.

Today’s episode is all about how to create a financial first aid kit. You’ll hear from CERTIFIED FINANCIAL PLANNERTM Will Doty about the documents and resources you need to have ready if you’re dealt with a worst-case scenario event.

We’ll also talk about why it’s so easy to put these planning decisions off and the simple steps you can take to protect yourself in the short term without becoming a full-on survivalist.

In this podcast interview, you’ll learn:

• Why disaster planning is critical from a financial perspective.
• The critical components of a catastrophe plan–and why having just a will is not enough.
• The importance of having a team to help you settle your estate when you lose a loved one.
• Why naming a child as a successor trustee can be a double-edged sword.
• How Will coaches clients to be better prepared for natural disasters.

Get Today's Show Notes

To get a full recap of today's conversation, including the biggest takeaways, transcripts, and links to all the resources mentioned, visit GuidedRetirementShow.com/61

Learn More about Retirement Planning

Find out more about retirement planning and Barber Financial Group, by visiting BarberFinancialGroup.com

For the second time in 2023, Anchor Capital CEO and Portfolio Manager Garrett Waters is joining Dean Barber on The Guided Retirement Show. Earlier this year, Garrett and Dean discussed investment risk for 2023. Now that 2023 is coming to a close, Garrett is returning to do a 2023 market year in review and 2024 market outlook. He and Dean will talk about the stock market, bond market, and economy.

In this podcast interview, you’ll learn:

• The Ups and Downs of Liquidity in 2023
• The S&P 500 and NASDAQ Entered Correction Territory in Q3, but Have Since Bounced Back
• Federal Reserve Plans to Keep Rates Higher for Longer
• Some of the Economic Impact of the Wars in Ukraine and Gaza
• The 10-year Treasury Has Experienced A Lot of Volatility

Garrett's Other Appearance: https://youtu.be/PIyZj5rPZq4

America's Wealth Management Show: https://www.youtube.com/@AmericasWealthManagementShow

Ask a Question: https://bit.ly/47KtmZD

Meet with us: https://bit.ly/3MSxTRP

START PLANNING

To get a full recap of today's conversation, including the biggest takeaways, transcripts, and links to all the resources mentioned, visit GuidedRetirementShow.com/99

Learn More about Retirement Planning

Find out more about retirement planning and Modern Wealth Management, by visiting modwm.com