RMDs – or required minimum distributions – are back for 2021.  Best-selling retirement author Patrick Kelly says many retirees are surprised to learn that they’ll have to withdraw this money from their accounts, whether they want to or not! For those who don’t need that money right now, what are some “tax friendly” options for what they might want to do with it when they take those RMDs?

Retirement Talk with Kevin Bock

Tax Friendly Options for Your RMDs

September is Life Insurance Awareness Month! Hear Kevin explain how you can use life insurance as a tax strategy!  Then, it’s been well over a year now since the markets tanked in early 2020 and stocks have been on a roll ever since. Is there a correction coming? Should we prepare for another 2008?  Hear Kevin explain how his tools, strategies and 6 pillar's of a successful retirement can help you create a tax efficient plan that can withstand tax changes, inflation and any potential market correction! 

How can you prepare for a market correction?

Believe it or not, 94% of the people in a recent survey say it’s our civic duty – as Americans – to pay our fair share of taxes.  So, I guess the bigger question is – what constitutes “fair share”? Kevin talks a little about your philosophy regarding the use of tax strategies?, It’s a word we hear in the news just about every day, lately – “inflation.”  But is that just some vague concept for economists to debate … or does it really mean something for the average American?  Fox Business put that question to business development leader Mitch Roschelle and he called it “a tax on the economy” … it’s also a tax on our personal economy.  Kevin shares his thoughts on rising inflation and what it means for the way we plan for retirement! 

Planning for Taxes and Inflation in Retirement

Kiplinger warns that those of us approaching retirement are facing a “perfect storm”:  Low interest rates and high inflation … the combination of which will force us to take on more market risk than we’re comfortable taking.  How do we navigate that perfect storm? The most common retirement fear is running out of money.  So, the Go-Banking-Rates website came up with a list of some of the causes of that.  Kevin discusses this list and explains how his tools and strategies can help you create a customized financial plan where you won't run out of money! 

Navigating the Perfect Storm in Retirement!

Kevin talks about article he found about "The Different Types of Personalities out there when if come to Financial Matters." Which type are you? Hear Kevin explain how your personality can impact your finances and your financial decisions!      

How Your Personality Influences your Finances!

We know that President Biden wants to nearly double the capital gains tax rate for anyone who makes a million dollars or more.  Well now, as CNBC’s Robert Frank tells us, the president wants to start collecting that money before you have a chance to do anything to protect it! Assuming that this passes, does that mean we’d be out of luck in terms of tax planning? Hear how Kevin can help you prepare IF this happens! Then, Kiplinger says one reason we need an estate plan is that we should be managing different assets in different ways … depending upon where we want those assets to go when the time comes.  What do they mean by that?   

President Biden Wants to DOUBLE Capital Gains!

Market Watch had an interesting take on tax planning:  They said you shouldn’t change your financial behavior just to avoid taxes.  A good tax planning strategy is one that allows you to keep doing what you want to do … while reducing your tax liabilities, in the process.  Hear Kevin's approach to dealing with the tax issue as we plan for retirement! Then, Fidelity says it’s baby boomers who are the most over-invested in stocks. One listener told us he gets the idea he’s supposed to be in the market, even though he admits to being a little nervous…but don’t we have to take big risks if we want the big reward?

Having a Tax Plan = Reducing Your Tax Liabilities

A report by the Employee Benefit Research Institute (EBRI) found that roughly 10% of baby boomers in the highest income group will run short of money!  And the percentage is even greater for those in the more modest income groups.  Kevin explains how he helps his clients NOT run out of money in retirement.    

Attention Baby Boomers: You Could Run out of Money!

President Biden is pushing yet another round of tax hikes … including one that would push the top capital gains rate to as high as 43%.  How will this impact you and your financial future?  We have some breaking news, courtesy of the financial geniuses at Market Watch:  They’re reporting that … quote, “Most people have no clue what they pay for their 401(k).”  Kevin has been telling us for a long time that a lot of retirement savers are having their returns eaten up by fees … and they don’t even realize it!  So, please tell us again, what can we do about that? 

Breaking News: Do You Know What Are You Paying For Your 401(k)?

Kevin's job is to help people not run out of money during retirement.  But NerdWallet says there are some retirees who worry about money too much – almost to the point of depriving themselves.  Kevin explains his process to lifetime income you can't outlive and helping clients find that “sweet spot” between feeling financially secure, and still being able to enjoy a happy, fulfilling, retirement!   

Lifetime Income = Never Running Out of Money !

What should you do with that old 401K? Are there better options that can compound your money faster and have minimal taxes and fee's? Plus, Kevin explains why his process is different than other financial advisors! 

What Makes Kevin Stand Out from Other Financial Advisors!

Kevin talks about the 4 phases of retirement, and how he can help you replace that paycheck! 

Kevin Can Replace Your Paycheck!

True or false: Chocolate milk comes from brown cows.  Even if you’ve never set foot on a farm, you should know that’s false … but it’s a myth that 16-million Americans believe!  So, you can imagine the kinds of myths people believe about retirement.  For example – Fidelity found that more than a third of American couples believe $100,000 will be enough to cover their healthcare costs throughout the course of their retirement.  The real cost is three-times that amount!  How do we make sure we can afford that – along with the costs of any long-term care we might need?, When we were first starting out, many of us did our own tax returns – maybe with a little help from Mom or Dad.  But as we grew older, our taxes became more complicated, and we hired a professional to do it.  And now we’ve reached a point where we realize we need to take the next step and have a tax strategy. Hear how Kevin can help you create a tax strategy and save you form Uncle Sam!   

Myths About Retirement!

Now that the $1.9 trillion stimulus plan is a done deal, there are rumblings that the Biden administration’s next move will be a big tax increase.  IRA expert Ed Slott says that we control our tax rate - is this possible?    

Can You Control Your Tax Rate?

Tax changes are on the way, what does that mean for you? Is there anything we can do right now to better position ourselves for what I think most of us assume will be higher taxes in one form or another? Kevin discusses President Biden's potential tax changes/hikes and how inheritance tax may possibly be impacted as well. Hear how Kevin can help you prepare and protect your finances from Uncle Sam! 

Prepare NOW for Tax Changes

When you think about the next 30-40 years of life, what do you see? Are you happily retired, checking items off your bucket list? Or are you struggling to pay your bills? If you don’t have a plan for retirement, you’re already behind! Kevin Bock, of Integrity Retirement Solutions, uses his three decades of experience to help people just like you cross the retirement finish line with the confidence that comes from having a customized income plan. When planning for your financial future, there are so many moving parts: income planning, tax planning, healthcare planning and legacy planning, just to name a few. It’s important to educate yourself and to work with a professional. Welcome to Kevin’s podcast, “Retirement Talk with Kevin Bock”! Join Kevin for his weekly radio show, "Retirement Talk with Kevin Bock" Saturdays @ 7am on Talk Radio 1320 WJAS!

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Retirement Talk with Kevin Bock

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