Key Tax Tips Every FRS Member Should Know

The Secure Retirement Method Podcast

MP3•Αρχική οθόνη επεισοδίου

43:56

On August 20th, 1989, Lyle and Erik Menendez shot and killed their own parents. Until then, this Beverly Hills family had been a portrait of the American Dream. How did it go so wrong? To listen to all four episodes of 'The Menendez Brothers' right now and ad-free, go to IntoHistory.com . Subscribers enjoy uninterrupted listening, early releases, bonus content and more, only available at IntoHistory.com . If you or someone you know is in crisis, there is free help available at mhanational.org Learn more about your ad choices. Visit megaphone.fm/adchoices…

πριν περίπου ένα χρόνο 22:52

Taxes might be daunting, but mastering them can mean thousands more for your golden years!

In this essential episode, April Schoen dives deep into tax strategies specifically designed for Florida Retirement System (FRS) members. Discover how expert tax planning could unlock more wealth and flexibility than you ever imagined for your retirement.

You’ll discover:

Why tax planning is the key to more after-tax income in your retirement.
How different types of accounts—tax-deferred, taxable, and tax-free—impact your taxes.
Real-life case studies showing the transformative power of Roth conversions.
The surprising impact of Medicare premiums and how your income influences them.
Secrets to leveraging cash value life insurance for tax-free withdrawals and loans.

106 επεισόδια

#Trading #Business #Insurance #Retirementplanning #John H Currys #Annuity

Key Tax Tips Every FRS Member Should Know

The Secure Retirement Method Podcast

published πριν περίπου ένα χρόνο

Μοίρασέ το

MP3•Αρχική οθόνη επεισοδίου

Taxes might be daunting, but mastering them can mean thousands more for your golden years!

You’ll discover:

Why tax planning is the key to more after-tax income in your retirement.
How different types of accounts—tax-deferred, taxable, and tax-free—impact your taxes.
Real-life case studies showing the transformative power of Roth conversions.
The surprising impact of Medicare premiums and how your income influences them.
Secrets to leveraging cash value life insurance for tax-free withdrawals and loans.

106 επεισόδια

#Trading #Business #Insurance #Retirementplanning #John H Currys #Annuity

Όλα τα επεισόδια

1
Plan for Life Surprises: Retirement Strategies Unveiled 25:56

πριν 12 μέρες25:56

25:56

Retirement is a time for relaxation and enjoyment, but what happens when life's unexpected events disrupt your plans? In this episode, April Schoen guides you through crucial strategies to financially prepare for unexpected retirement events. In this episode, you’ll discover: The real-life impact of health-related surprises and how to plan for them. Why diversifying income sources is essential for retirement stability. How to leverage whole life insurance for financial flexibility. Strategies to handle family and life changes without derailing your financial plans. The importance of estate planning in securing your financial future.…

1
Key Tax Tips Every FRS Member Should Know 22:52

πριν 6 weeks22:52

22:52

Taxes might be daunting, but mastering them can mean thousands more for your golden years! In this essential episode, April Schoen dives deep into tax strategies specifically designed for Florida Retirement System (FRS) members. Discover how expert tax planning could unlock more wealth and flexibility than you ever imagined for your retirement. You’ll discover: Why tax planning is the key to more after-tax income in your retirement. How different types of accounts—tax-deferred, taxable, and tax-free—impact your taxes. Real-life case studies showing the transformative power of Roth conversions. The surprising impact of Medicare premiums and how your income influences them. Secrets to leveraging cash value life insurance for tax-free withdrawals and loans.…

1
Set Smart Financial Goals for 2025 Success 25:37

πριν 7 weeks25:37

25:37

In this episode, April Schoen dives deep into the secrets of setting meaningful financial goals for the new year to guide you towards a secure and prosperous 2025. In this episode, you’ll discover… The pivotal role of the SMART framework in financial planning Unique strategies for building a robust emergency fund Methods to maximize your retirement contributions effectively Insights into tackling high-interest debt with precision Practical tips for creating a balanced investment portfolio…

1
Navigating The DROP Program: Retirement Strategies and Financial Planning Explained 29:28

πριν 15 weeks29:28

29:28

How can a simple program supercharge your retirement income strategy? In this episode, April Schoen breaks down the intricacies of DROP, The Deferred Retirement Option Program, and its latest updates impacting your financial future. In this episode, you’ll discover… The enticing benefits that make the DROP program a game-changer. Key eligibility changes in 2023 that could affect your retirement timeline. Various pension options within DROP and how they cater to different retirement goals. The significant pros and cons that you'll need to weigh before opting for DROP. Strategic ways to manage your DROP payout to maximize retirement benefits and minimize taxes.…

1
Pension vs. Investment: Which Should You Choose? 32:37

πριν 16 weeks32:37

32:37

Retirement planning can be confusing and filled with misinformation. How can you ensure you're making the best choices for your future? In this episode, John Curry and April Schoen, tackle the common questions and misconceptions about the Florida Retirement System (FRS) that many employees face. You’ll discover… A surprising truth about why some employees might opt for the Investment Plan over the Pension Plan. The critical differences in vesting periods that could impact your retirement plans. Why understanding pension options is pivotal to avoid costly consequences. Essential steps for coordinating your pension, Social Security, and other financial resources. How to navigate the complexities of the DROP program for a more powerful retirement strategy.…

1
Finding Balance in Life and Finances 39:15

πριν 18 weeks39:15

39:15

Retirement isn't just about building a nest egg—it's about crafting a balanced, fulfilling life. Dive into a conversation that goes beyond the numbers. In this episode, John and April uncover the holistic approach to retirement planning that goes far beyond financial savings. You’ll discover… Why retirement planning involves much more than just accumulating wealth Four essential areas to focus on for a balanced retirement How to identify your personal retirement needs and goals A unique approach that differentiates Curry Schoen Financial from other advisors The most common yet overlooked expenses you need to prepare for…

1
Maximize Your Social Security Income Without Confusion 27:11

πριν 20 weeks27:11

27:11

Planning your retirement can be a maze, but knowing when to claim your Social Security benefits might just be the key to unlocking a secure future. Ready to make the most pivotal decision of your retirement journey? In this episode, April Schoen, dives into the intricacies of Social Security, outlining strategies to ensure your golden years are actually golden. You’ll discover… How to determine if you and your spouse qualify for Social Security benefits. Various timing strategies for claiming your benefits to maximize your income. The critical differences between spousal and survivor benefits. How your work history and earnings impact your Social Security payments. The often-overlooked tax implications of taking Social Security benefits.…

1
Boost Retirement Income: Secrets Every Senior Needs to Know 28:53

πριν 21 weeks28:53

28:53

Retirement planning can be overwhelming, but what if you could uncover strategies to secure a steady income and live stress-free? In this episode, April Schoen dives deep into various strategies to maximize your retirement income and ensure financial stability. You’ll discover… The key factors influencing the timing and strategy of claiming Social Security benefits. Different pension options and the impact of your choices on long-term financial health. Strategies to transform your retirement investments into a reliable income stream. The pros and cons of annuities and how they could fit into your financial plan. The significance of asset allocation and diversification for risk management and stable returns.…

1
Erika Bell | Decluttering Made Easy: Practical Advice for Organizing Your Space and Financial Documents 48:21

πριν 28 weeks48:21

48:21

Drowning in paperwork and unsure how long to keep important documents? Don't let the clutter consume you! Learn the secrets to organizing your financial life and gain peace of mind. In this episode, Erika Bell, owner of Organize with E, shares her expertise on how to effectively manage paperwork, digitize documents, and communicate crucial information to loved ones. In this episode, you'll discover… A surprising tip for conquering the overwhelming feeling of paperwork buildup The key to creating a personalized organizational system that works for your unique habits A simple rule to prevent clutter from taking over your life The critical conversations you need to have with family about important documents The one thing you must do to ensure your loved ones can access vital information when needed…

1
Retirement Success Made Simple 52:26

πριν 30 weeks52:26

52:26

Are you truly ready for retirement, or are you headed for a retirement disaster? In this episode, April Schoen and Matthew Wallat share their insights on creating a comprehensive retirement plan to avoid common pitfalls and ensure a worry-free retirement. In this episode, you'll discover… The surprising similarity between an adventurous trip and retirement planning The crucial step that brings relief and excitement to clients nearing retirement How to adjust your investment strategy as you approach your golden years The key to unlocking a successful retirement through systematic saving The often-overlooked aspects of retirement planning that could derail your dreams…

1
Achieving Financial Security for Florida Retirement System Members 59:33

πριν 31 weeks59:33

59:33

Retirement planning can feel like a daunting jigsaw puzzle—where do you even begin? Discover the secrets to securing your financial future and achieving a lifestyle of freedom and fulfillment! In this episode, John Curry and April Schoen unravel the complexities of retirement planning for FRS members and beyond. Get insights into making informed and strategic decisions that ensure peace and stability in your golden years. In this episode, you’ll discover... How to create a clear vision for your retirement using a powerful jigsaw puzzle analogy. The vital role of Social Security timing in maximizing your benefits. Key considerations and strategies for Medicare selection and supplemental policies. The secrets to maintaining engagement and purpose to avoid isolation in retirement. Tax planning techniques that could save you from future financial headaches.…

1
Mastering Retirement: Crafting a Financial Plan That Lasts 33:15

πριν 32 weeks33:15

33:15

Are you making the right moves to secure your financial future? In this episode, April Schoen delves deep into how to construct a bulletproof retirement framework aimed at ensuring you won't outlive your money. In this episode, you’ll discover… The critical element you might be missing in your retirement spending plan. How to identify potential income gaps before it’s too late. The role of regular reviews and adjustments in a dynamic retirement plan. Why a retirement rehearsal could be the key to your financial success. Actionable steps to define your retirement goals and build a sustainable plan.…

1
Navigating Social Security: Expert Insights for Retirees 56:04

πριν 41 weeks56:04

56:04

In this episode, April Schoen and John Curry dive deep into one of the crucial components of retirement planning: Social Security. They explore the significance of timing your Social Security benefits and how it impacts lifelong income, offering expert insights into making the most informed decisions. They’ll cover: Why the decision of when to take Social Security is critical and how it affects your and your spouse's financial security throughout retirement The implications of early or delayed benefits Potential changes to Social Security and common misconceptions about the impact of legislative adjustments on future benefits Tailored strategies to maximize your Social Security benefits based on individual circumstances, including considerations for health status, income needs, and marital history And more…

1
Using Life Insurance for Financial Security 24:39

πριν 43 weeks24:39

24:39

Welcome to another episode of "Ask April" on The Secure Retirement podcast. Today's episode is essential for anyone with questions about life insurance, its benefits beyond death benefits, and its role in ensuring financial security for you and your family. We'll be discussing real-life applications of life insurance at different stages of life, demystifying term and permanent life insurance, and exploring how to tailor life insurance to fit your current life stage. We’ll cover: Understanding the crucial role of life insurance in financial planning and how it fits into your overall strategy. How real clients have used life insurance to secure their financial future, protect their families, and plan for retirement. The difference between term and permanent life insurance. Strategies for tailoring life insurance to meet your unique needs and circumstances throughout different phases of life. Insights on using life insurance to enhance retirement planning, spend down assets wisely, and ensure a lasting legacy. And more…

1
Avoiding the 5 Financial Risks in Retirement 48:09

πριν 47 weeks48:09