Category Archives: Uncategorized

99. The Mindset of Boring Investing With Mike Whitmore



In the current economic situation, excitement can build with the thought of the availability of investing opportunities.  However, some opportunities could lead to great risk.  Talking about boring investing could really be a valuable conversation.

In this episode, Mike talks about the exciting part of boring investing. When it comes to cryptos and stocks, it can be exciting to invest in riskier stocks in hopes to get rich quick but it is never that simple. Having individual stocks could be a great way to get rich, but it is a lousy way to stay rich.

Mike Whitmore discusses:

  • Why diversification is so important
  • What he thinks about cryptos
  • Why you should stop gambling with your future
  • The benefits of having a retirement plan
  • And more

Connect With Mike Whitmore

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About Mike Whitmore

Mike is an experienced Financial Planner with a demonstrated history of working in the financial services industry. Skilled in Search Engine Optimization (SEO), Sales, Conference Speaking, IT Strategy, and Management, Mike has a strong finance professional with a BS focused in Marketing from Brigham Young University.

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98. What is Social Security? With Cindy Mueller



When should you start your social security benefit?

In this episode, Cindy Mueller is here to break down all things social security. From the basics of how you become eligible for social security, to the more complex dynamics of taxes, this episode will answer the questions you have about social security.

Cindy discusses:

  • What is social security, when can you start it, and how you can become eligible
  • How much you receive in monthly benefits 
  • How spousal benefits work
  • Taxes related to social security
  • And more

Connect With Cindy Mueller

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About Cindy Mueller:

Cindy joined The Retirement Solution in 2008 with a commitment to delivering sound principles of financial management. She offers clients professional counsel in personal finance, investment advisory services, estate planning, and retirement planning.

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97. Figuring Out Retirement Expenses With Matt Perrone



As you transition into retirement, your monthly spending changes significantly, especially your discretionary expenses.

So, how do you account for your expenses and ensure they are taken care of?

In this episode, Matt helps you figure out your basic retirement expenses so you can become financially confident in your spending habits and live your dream retirement.

Matt discusses:

  • How expenses change during the go-go, slow-go, and no-go years of retirement
  • Why it’s possible to achieve your financial goals despite a low income before retirement
  • Important retirement expenses which are often overlooked
  • Reasons to build a customized financial plan instead of relying on generic rules of thumb
  • And more

Connect With Matt Perrone:

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About Matt Perrone:

As a financial planner, Matt Perrone focuses on one goal in his work — to give clients a sense of confidence by managing their life savings with the utmost care and integrity. For as long as he can remember, he has been passionate about helping others make wise financial choices. To this day, Matt finds his work both fun and meaningful. Matt is also involved with charities that aid disadvantaged youth and that support the arts and education. Before transitioning to Finance in 2015, Matt spent seven years in Hospitality and Business Management. His previous experience has allowed him to bring a more personalized level of care and service to his clients.

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96. How to Manage Your Spending in Retirement With Tom Black



It’s not enough for your advisor to know what’s going on with your retirement, you need to know as well.

Of course you want to spend all the money you saved for retirement. In this episode, Tom Black shares how you can be successful in your retirement. Tom speaks about some of the “rules” around retirement spending and why not everyone can keep up with them. 

Tom discusses:

  • Why more people are looking towards retirement
  • The first step to creating a real retirement plan
  • Why having a good handle on your monthly will likely lead to you having a successful retirement
  • The “rules” of retirement and spending and why it’s not for everyone to follow
  • And more

Connect With Tom Black:

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About Tom:

As a Financial Planner, Tom has a thorough understanding of the complex issues that must be addressed when preparing a strategic retirement plan.

Tom has always been interested in wealth management, graduating with a Finance degree from Brigham Young University. He attributes his career path to his passion and desire to help enrich peoples’ lives. Tom is motivated by helping people maintain financial independence and their active lifestyle long into retirement by providing a holistic financial review process. Prior to joining TRS, Tom gained extensive experience overseeing client-business relationships, client satisfaction strategies, accounting, budgeting, projections, and financial operations at Abadan, Yakima Valley Farmworkers, and Connell Grain Growers.


95. Everything You Need to Know About Setting Up Spousal Assistance With Tyler Lively



No one wants to have a conversation about end of life assistance after a loved one has passed on. Start having those conversations today.

In this episode, Tyler Lively talks about spousal assistance and how you can ensure your loved ones are protected if you were to pass away abruptly. Tyler explains how spouses can be successful in planning survivorship, and what some of the biggest worries people like you have.

Tyler discusses:

  • The best time to have the conversation about what happens when a spouse passes away
  • How spouses can be successful in planning survivorship
  • Some of the biggest pitfalls of clients who are still working when it comes to end of life planning
  • Some of the biggest worries that you’ve seen couples have in regards to end of life
  • And more

Connect With Tyler Lively

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About Tyler:

Tyler is a native of Washington state, having grown up in Redmond. He has always had a passion for learning and finding the optimal solution to any goal. This drive pushed him to graduate from the prestigious Marriott School of Business (rated one of the top 10 entrepreneurship programs in the U.S.¹).

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94. How to Have Money-Related Conversations with Your Children With Mike Whitmore



To all parents out there, do you talk about money with your children?

If so, what’s your approach?

In this week’s episode, The Retirement Solution’s Mike Whitmore quickly breaks down how to start, introduce, and maintain financial and money-related conversations with kids depending on their stage as pre-teenagers, teenagers, and adult children. 

Mike discusses:

  • Teaching your pre-teen children how to handle money, and what are the benefits of setting up UGMA accounts for them
  • Why have tax, “paying yourself first,” debt, and credit history-related conversations with your teenage children as they receive their first paycheck and are ready to go to college 
  • The importance of emergency funds, saving for retirement, and power of attorney documents for adult children 
  • The difference between consumer and educational debt 
  • What is “bank on yourself,” and what’s its role within the mortgage and life insurance arena 
  • AARP considerations for adult children 
  • And more!

Resources:

Connect with Mike Whitmore:

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About Mike Whitmore:

Mike graduated from Brigham Young University with a BS in Business Management and Marketing and a minor in Dutch Literature. He is a Financial Planner with The Retirement Solution, serves as the President of the Advisory Board for Velvet Media, and is a former co-founder of Fresh Consulting.

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93. Investing with Non-Retirement Funds: What to Watch Out For With Tyler Lively



Non-retirement investments are “non-qualified,” meaning that you’re investing with after-tax dollars and are not subject to any special tax treatment.

In this episode, The Retirement Solution’s Tyler Lively navigates the path of investing with non-retirement funds. All this while highlighting the role of retirement, taxes, ETFs, and mutual funds within the investment arena. 

Tyler discusses:

  • From life insurance to college planning: Why follow the general investment hierarchy to invest non-retirement fund money
  • Benefits of utilizing after-tax money for investment purposes 
  • The role of capital gains tax when it comes to after-tax assets – and a breakdown of capital gain rates in 2021
  • The idea of “capital loss bank” to offset capital gains
  • Utilizing mutual funds in after-tax investments
  • The importance of saving during retirement 
  • And more!

Resources:

Connect with Tyler Lively:

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About Tyler Lively:

Tyler is motivated by the ability to work closely with clients to help them achieve their financial dreams and goals. Tyler is an integral member of The Retirement Solution Investment Committee and has earned a Chartered Retirement Planning Counselor designation through the College of Financial Planning, as well as the prestigious Certified Financial Planner® designation from the board-registered CFP® educational program. 

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Episode 92 -The Financial Aspect of Bereavement with Cindy Mueller



While bereavement means losing something significantly meaningful, like a job or connections pre-retirement, bereavement also means losing and facing the passing of a loved one.

In this episode, The Retirement Solution’s Cindy Mueller breaks down everything you need to know about the financial component of bereavement. All this to help you understand how financial planning (and professionals) can help you reduce and mitigate the stress following the passing of a spouse or family member.

Cindy discusses:

  • How financial advisors can help you address bereavement
  • Using The Retirement Solution’s checklist as a guide: First action items individuals have to take care of after losing a loved one
  • Leave IRA’s, Roth IRA’s, and 401k plans alone: Things widows and widower should avoid doing after losing their spouse 
  • Financial planning considerations to help people reduce the stress after the passing of their spouse 
  • Stories and experiences of widowed individuals 
  • And more

Resources:

Connect with Cindy Mueller:

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About Cindy Mueller:

Cindy joined The Retirement Solution in 2008 with a commitment to delivering sound principles of financial management. She offers clients professional counsel in personal finance, investment advisory services, estate planning, and retirement planning.

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Episode 91 – Father’s Day Special: Retiring as a Father and Grandfather with Matt Perrone



What does fatherhood mean to you?

How do you envision your retirement years as a father, grandad, or father figure?

In this Father’s Day special, The Retirement Solution’s Matt Perrone explains financial and life coaching considerations you must know as you address and approach retirement as a parent, grandparent, or father figure to someone.

Matt discusses:

  • Matt’s memories with his dad, and who are father-like figures to him
  • Ways retirees can spend more time with their grandchildren 
  • Common father-figure type roles people take on before or after retirement 
  • Advice for people at or near retirement who want to make a difference in their family’s or other people’s lives  
  • And more

Resources:

Connect With Matt Perrone:

Connect with The Retirement Solution:

About Matt Perrone:

Matt Perrone focuses on one goal in his work — to give clients a sense of confidence by managing their life savings with the utmost care and integrity. For as long as he can remember, he has been passionate about helping others make wise financial choices. To this day, he finds his work both fun and meaningful.

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Episode 90 – Exploring The Path of Charitable RMDs & Gifting – With Shane Perry



In simple words, a charitable Required Minimum Distribution is still an RMD but the only difference is that you are also directing it to a charity.

In this episode, The Retirement Solution’s associate planner, Shane Perry sheds some light on all things charitable RMDs and gifting to help you understand its different financial components before you pass it down to your heirs and beneficiaries. 

You will learn:

  • Who can opt for an RMD and what are the new age-related updates? 
  • Rules for those considering a Qualified Charitable Distribution (QCD)
  • How to redirect an RMD to a Donor Advised Fund
  • Tax considerations around gifting and reasons why people should gift assets while alive 
  • How are families using and approaching conversations around charitable RMDs and gifting? 
  • And more!

Listen today and discover everything you need to know about charitable RMDs and gifting!

Resources:  The Retirement Solution: 888-500-5830 | Shane Perry  

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