Category Archives: Investments

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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Episode 73 – Plan for the Retirement You Deserve with Jim Black



Do you have a plan that can cover the bumps and bruises of life?

In this podcast Jim Black of the Retirement Solution discusses how a thorough plan process can help give you the confidence and courage to do what you want to do in your retirement.

In this episode, you will learn:

  • Why people resist going through the planning process
  • The value a comprehensive financial plan can have to a person
  • How the service and engagement change over the years 
  • And more!

Tune in as Jim explains what a plan can truly be and the affect it can have on your life

Resources:  The Retirement Solution | Your Retirement Solution Podcast


Episode 72 – Financial Players You Need on Your Retirement Team –– With Cindy Mueller



Do you have a solid financial team to keep you on track for life after retirement? 

Today, Cindy Mueller, a financial planner and tax advisor with The Retirement Solution, walks you through a list of professionals that make up an all-star team, and what role they each play in helping you live your happily ever after in retirement. 

In this episode, you will learn:

  • Why financial planners maintain good relationships with estate planning attorneys
  • How a personal coach can help you navigate life’s transitions
  • How life, health, and annuity insurance may fit into your plan
  • Why a good relationship with your realtor should be part of your team
  • And more!

Tune in to get a list of financial players to add to your retirement team! 

Resources:  The Retirement Solution Inc.

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Episode 71 – Your Annual Plan Review – With Tom Black



Is your financial plan ever really complete? 

In this episode of Your Retirement Solution Podcast, Tom Black from The Retirement Solution explains the review process and what your annual or even semi-annual review with your financial planner should look like.

In this episode, you will learn:

  • Why it is important to meet with your financial planner regularly and discuss life changes
  • How your annual review is a time to make adjustments to your financial plan
  • Why tax changes may have you adjusting your written plan 
  • What you want your plan to do now and in the future 
  • And more!

Tune in to learn how to get the most out of your annual review so that you can retire on your own terms and live life to the fullest! 

Resources:The Retirement Solution | Your Retirement Solution Podcast 

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Episode 70 – How to Build a Legacy Plan – With Tyler Lively



Join this episode of Your Retirement Solution Podcast as Tyler Lively with The Retirement Solution explains how the planning process deals with the passing of a loved one, and how it impacts the family. 

In this episode, you will learn:

  • Successful client estate planning stories 
  • Why is it important to work with a planner and have good family communication when building a wealth and legacy plan 
  • The importance of a consistent, annual review of your income and retirement plan 
  • When grieving: Why you should wait one year before making drastic decisions  
  • And more!

Tune in to learn more about The Retirement Solution’s holistic planning process so that you and your planner can look at different strategies and options together! 

Resources:  The Retirement Solution | Your Retirement Solution Podcast | Tyler Lively 

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Episode 69 – The Four Emotional Stages of Retirement – With Jim Black



Did you know that people spend more money when they first retire than when they were working? 

In this episode of Your Retirement Solution Podcast, Jim Black from The Retirement Solution explains the emotional trials that people go through when they are preparing and transitioning into retirement. 

In this episode, you will learn:

  • How the planning, excitement, honeymoon, disenchantment, reorientation and stability phase impact life’s third act
  • Why it is important for retirees to keep track of their monthly spending  
  • How the honeymoon stage defines your retirement
  • Why Jim recommends Baby Boomers travel the day after they retire 
  • And more!

Tune in to learn how to transform the many cycles of retirement into advantageous phases so that you can live out the retirement of your dreams! 

Resources:  The Retirement Solution | Your Retirement Solution Podcast 

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