Episode 83 – New Law Changes – With Tom Black



We know that with every new administration, there are many changes that come into effect, and changes in law and taxes are great examples. 

In this episode, The Retirement Solution’s Tom Black discusses different law and tax changes expected to come into effect in 2021. This discussion is not to cause panic, but to promote thought-provoking thinking and learning since they will differ from the current ones. 

In this episode, you will learn: 

  • How new 2021 tax laws can potentially change the way you transfer wealth and plan for retirement 
  • What a “Step-Up In Basis” is, its role within real-estate, and why is it considered to be a “double-edged sword” 
  • How Required Minimum Distributions (RMD) are expected to change in 2021 
  • What the charitable deduction scenario is looking like in 2021 
  • The benefits of a charitable Required Minimum Distribution 

Listen today and learn potential timeframes as to when and how these tax and other laws are expected to change! 

Resources: The Retirement Solution I (888) 500-5830 I Tom Black 

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Episode 82 – Tax Return Optimization Strategies – Shane Perry



It’s no secret that we all want to save on taxes. Never to evade them, but to have confidence that we never pay more than we legally owe.

Would you agree? 

In this episode, The Retirement Solution’s Shane Perry not only reviews his career journey at the firm, but also explains different optimization strategies that are all about helping you save some cash when it comes to taxes.

In this episode, you will learn:

  • What the US tax brackets are and how they work 
  • The difference between tax deductions, tax credits, deductions, and itemizing 
  • Tips on mortgage interest to energy tax credits: popular deductions and credits
  • Strategies on Roth’s to 529 plans: How the team at The Retirement Solution can help you build and develop tax planning strategies.
  • What a Family Limited Liability Company (LLC) is and how it works 
  • And more!

Listen today and discover how these tax-related techniques can help you optimize, save, and prepare for retirement! 

Resources:The Retirement Solution I (888) 500-5830 I Shane Perry

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Episode 81 – A Comprehensive Look at Our Planning Process – With Mike Whitmore



When you near retirement, you need to look at things differently. It’s like having a different strategy in the second half of a football game!

Today, Mike Whitmore explains how our planners at The Retirement Solution help folks create just the right plan for their unique retirement vision. Mike dives deep into our comprehensive planning process and discusses the various steps involved.

In this episode, you will learn:

  • How we customize your income plan through our holistic planning process to effectively address all of your fears and concerns
  • The five major pillars covered during our planning process
  • Ways in which our process differs from that of a regular broker or an insurance representative
  • What defines an ideal client for us to work with
  • And more!

Tune in now to fully understand the planning process at TRS, and how it can help you achieve your goals and sustained retirement success! 

Resources:  The Retirement Solution I (425) 558-3700

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Episode 80 – Learning Lessons from 2020: Implementing Financial Changes in 2021 with Cindy Mueller



It’s no secret that 2020 was a year full of lessons, especially from a health and financial security point of view.

In this episode of Your Retirement Solution Podcast, CFP® and Tax Advisor, Cindy Mueller, explains how reflecting upon 2020 can help people prepare for 2021, while discussing the importance of saving for emergency and increasing retirement funds.

In this episode, you will learn the importance of:

  • 401Ks and Roth IRA’s: The importance of contributing
  • Saving young: Why you should avoid living paycheck to paycheck 
  • Fear and greed as they relate to the stock market
  • Cindy’s insight on the 2021 tax environment 
  • And more!

Tune in to discover the value of saving and ALWAYS having a systematic plan in place!

Resources:  The Retirement Solution I Cindy Mueller

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Episode 79 –A Look Back at 2020 and Financial Projections for 2021. Are you prepared?



With a fresh, new year just around the corner, what’s your 2021 financial planning picture looking like?

In this episode of Your Retirement Solution Podcast, Jim Black not only reviews how 2020 impacted the stock and financial markets, but he also discusses important financial components you must consider as we roll into the new year. 

In this episode, you will learn:

  • Jim’s take on how The Retirement Solution has helped clients navigate through the COVID-19 pandemic 
  • Ways the market impacted small and large businesses in 2020, and what the stock market projections are for 2021 
  • The role of the market when it comes to the 2020 elections and Jim’s insight on doing things differently during or after election years
  • Company announcements for 2021
  • And more!

While 2020 was full of ups and downs, tune in today to discover how creating a financial plan can help you prepare for whatever 2021 has in store for us.

Resources: The Retirement Solution  

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Episode 78 – Beware of Variable Annuities – With Mike Whitmore



Believe it or not, annuities have been around since Roman times.

Back then, and depending on how many battles individuals survived, they would qualify for pensions or annuities from the Roman government. 

In this episode of Your Retirement Solution Podcast, Mike Whitmore explains how variable annuities can be problematic, while also discussing ways to use them as a vehicle to invest in the market through insurance companies.

In this episode, you will learn:

  • Layers and layers of fees: The reason why you could lose money with variable annuities 
  • The role of commissions when it comes to selling variable annuities 
  • Fee comparison between regular and variable annuities 
  • What insurance companies offer clients who have variable annuities 
  • And more!

Tune in and discover why fiduciaries are your best bet when seeking help to understand the ins and outs of variable annuities!

Resources: The Retirement Solution I (425) 558-3700 I Bankrate 

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Episode 77 – What Are You Grateful For?



While money is important, remember, money isn’t everything.

Join this episode of Your Retirement Solution Podcast as Jim Black discusses the benefits of being grateful, and how he weaves this quality into the planning process when working with his clients.

In this episode, you will learn:

  • Jim’s take on how practicing gratitude can change your attitude 
  • Find the positive in every situation: How Jim establishes financial and non-financial conversations with clients during tough times 
  • The firm’s holistic planning approach that focuses on health, family, legacy, and anything that fulfills clients and their hopes and dreams 
  • And more!

Tune in and find out how gratitude can help you thrive in your personal and financial life! 

Resources: The Retirement Solution I Jim Black 

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Episode 76 – Everything You Need to Know About Roth Conversions – With Matt Perrone



Join this episode of Your Retirement Solution Podcast as Matt Perrone discusses how a Roth conversion can help benefit and maximize your retirement and tax planning strategies. Matt shares his advice and explains why Roth Conversions are highly recommended, yet not something that you’re required to do.

In this episode, you will learn:

  • How you can benefit from a Roth conversion in today’s low tax rate environment
  • Matt’s insight on Roth conversions now that the income limit has disappeared
  • What a “backdoor” Roth conversion is and its tax benefits 
  • The role of the five-year rule when it comes to the 10% early IRA withdrawal
  • And more!

Tune in as Matt reveals the different purposes and functions of a Roth conversion! 

Resources: The Retirement Solution I Matt Perrone I 425-558-3700

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Episode 75 – Preparing for 2020 Year-End Tax Planning



Did you know that fall is the right time to start thinking about the incoming year-end tax planning season?

Join this episode of Your Retirement Solution as Jim Black highlights not only the tax planning to-do’s, but also the two possible outcomes of year-end planning: You either pay or save in taxes.  

In this episode, you will learn:

  • Why it’s important to review your stocks, especially in 2020 
  • How to do a Roth conversion, and what are the benefits of opening a Roth account 
  • Using the CARES Act as a tool to do 401K, IRA, and Roth rollovers 
  • Why you don’t need to take a Required Minimum Distribution (RMD) in 2020
  • And more!

As year-end is right around the corner, tune in as Jim explains the different things you can do with that extra cash saved during the COVID-19 restrictions! 

Resources: The Retirement Solution 

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Episode 74 – The ABCs of Medicare with Tom Black



Understanding your Medicare options and why it matters for you.

Today’s episode with Tom Black of the Retirement Solution focuses on Medicare and the challenges we face when looking into Medicare for ourselves or checking on our loved ones’ coverage; the different parts, the different plans, and what it all means.

In this episode, you will learn:

  • What choices you have and the timeline you have in which to change it
  • What the difference is between an Advantage plan and a Medigap plan
  • At what age should you start to enroll in Part D
  • How you start and stop Medicare if you are laid off due to Covid
  • And more!

Tune in to learn more about Medicare and the steps you can take to make an informed decision.

Resources: The Retirement Solution | Your Retirement Solution Podcast

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