Tag Archives: Retirement

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.


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 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 89 – Remember to Retire in Retirement – With Tom Black



A fulfilling retirement requires two things: A financial strategy you are comfortable with and a bucket list of things you can do.

Would you agree?

Today, The Retirement Solution’s president and lead financial planner, Tom Black, discusses everything you need to know about retirement and its components surrounding finances, emotions, and productivity. All this so that you can prepare ahead, fulfill your wishes, and most importantly, retire in retirement.

In this episode, you will learn:

  • The importance of building freedom in retirement to do things you want to do 
  • Why switching from saving to spending is a struggle for retirees – and how to overcome it 
  • How an income plan can ease the process of transitioning to retirement 
  • After their last paycheck: How long does the vacation-like feeling last for retirees? 
  • From traveling, volunteering, and creating new habits: Things you can do to achieve a happy, productive, and long retirement 
  • And more!

While a to-do list can be handy, tune in today and find out why retirement is all about doing the things that bring meaning to YOUR life! 

Resources: The Retirement Solution: 888-500-5830 | Tom Black 

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Episode 87 – Health, Wellness, and Fitness in Retirement – With Cindy Mueller



How do you envision your overall health and wellness in retirement?

Well, believe it or not, there are six related components you MUST be aware of.

In this episode of Your Retirement Solution, Cindy Mueller explains why physical (and intellectual), mental, emotional, social, environmental, and spiritual health are so important when thinking, envisioning, and planning for your retirement years. 

In this episode, you will learn:

  • From walking groups and dance clubs, to even puzzles and Sudoku: Why is physical and intellectual health so important in retirement?
  • How retirees can tackle mental health 
  • Things you can do to keep your emotional health on track 
  • How the pandemic has impacted retirees and their social health
  • How environmental components such as smog affect your health in retirement 
  • The truth about spiritual health in a pandemic and retirement scenario 
  • And more!

Tune in today and discover what our clients at The Retirement Solution are doing to achieve a fit and healthy retirement! 

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


Episode 86 –Risky Investments Versus Having a Plan – With Mike Whitmore



Did you know that the COVID-19 pandemic has played a huge role in the risky investment arena?

In this episode of Your Retirement Solution, Mike Whitmore discusses must-know considerations surrounding risky investments. All this while referring to the importance of building a risk-proof financial plan.

In this episode, you will learn:

  • Anything that loses value: What are risky investments 
  • Cryptocurrencies, and Mike’s own personal experience: What are some of the risky investments he has seen in his career 
  • From stimulus checks to stocks: What are some of the trends in risk markets  
  • The role of The Retirement Solution when it comes to having a plan – and how does it differ from having different investment portfolios 
  • Why is it important to build a plan and what are some of the time and cost considerations 
  • And more!

Listen in and find out everything you need to know about risky investments – and when they are appropriate for portfolios! 

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


Episode 85 – Tax Bracketology – With Matt Perrone



Believe it or not, March Madness and taxes are related – and it’s because in both you fill brackets, which leads to Matt Perrone defining this as “bracketology.”

In this episode of Your Retirement Solution, Matt explains everything you need to know about setting up the correct tax bracket for retirement. All this while highlighting what to be aware of when it comes to Roth conversions and RMD’s. 

In this episode, you will learn:

  • How to control taxes in retirement 
  • What’s a Roth conversion and how does it impact retirement-related taxes
  • The truth about potentially converting everything into a Roth 
  • Reasons why Matt believes taxes are “on sale” – and what happens if rates go up or down in the future 
  • What’s a Required Minimum Distribution (RMD) and how are they impacted by taxes and Roth conversions 
  • 70 and above: Age considerations when doing Roth conversions 
  • And more!

Adult children to older parents, family members, and everyone in between should tune in and find out how a correct tax strategy can benefit YOU in retirement! 

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

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Episode 84 – New Trends In Retirement – With Tyler Lively and Pete Finlon



Did you know that technology can play a huge role in benefiting your retirement years?

In this episode of Your Retirement Solution, Tyler Lively sits down with Pete Finlon. Pete explains how digital technology can positively impact the social, health, and well-being component of retirees and pre-retirees. 

In this episode, you will learn:

  • The use of cellphones and computers: Embracing technology as retirees and pre-retirees 
  • The importance of being patient: How has the older generation pivoted and adopted to working from home
  • Technology safety and password managers: How to prevent data internet breaches 
  • Playing the “what if” game: The relevance of resurrecting old hobbies
  • Tips on how to maintain a healthy and active retirement 
  • And more!

Now more than ever, tune in and find out how technology can benefit your health and social life in retirement!

Resources:  The Retirement Solution I Tyler Lively I Pete Finlon

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