Taxes in Retirement Part 2

Taxes in Retirement Part 2

When does a Roth conversion make sense for YOUR retirement plan? In this episode, Trey and Yelisey continue their conversation on taxes in retirement by explaining how tax diversification can give retirees more flexibility and control. They walk through Roth contributions, Roth conversions, donor advised funds, qualified charitable distributions, and tax-loss harvesting while showing why each strategy depends on timing, income, and personal goals. The episode emphasizes the importance of coordinated advice so retirees can pay what they owe without accidentally creating avoidable tax problems. What you’ll learn in this episode: (01:29) Making contributions to an employer-sponsored plan can immediately lower your taxable income for that calendar year. (02:11) Building tax diversification across pre-tax, post-tax, and Roth accounts gives you greater flexibility with your spend-down plan in retirement. (04:53) A Roth conversion involves moving funds from a pre-tax account into a Roth account and paying the taxes upfront. (07:04) Leaving your converted funds untouched for at least 10 years is highly recommended to realize a true financial benefit. (11:27) The IRS eliminated the ability to use recharacterization to put money back if you over-convert your accounts. (14:07) Utilizing a donor-advised fund allows you to bunch charitable contributions and secure an immediate year-one tax deduction. (17:16) Qualified charitable distributions offer an above-the-line deduction that completely excludes up to $111,000 per person from taxable income starting at age 70 and a half. Learn more about Trey C. Peterson, Yelisey Kuts, and All Things Financial: https://atfwealth.com [https://atfwealth.com/] Subscribe to the podcast: Apple Podcasts: https://podcasts.apple.com/us/podcast/id1728281696 [https://podcasts.apple.com/us/podcast/id1728281696] Spotify: https://open.spotify.com/show/2iIDj87XpGTlEl9Qiu6wwi [https://open.spotify.com/show/2iIDj87XpGTlEl9Qiu6wwi] YouTube: https://www.youtube.com/@allthingsfinancialshow?sub_confirmation=1 [https://www.youtube.com/@allthingsfinancialshow?sub_confirmation=1] Trey C. Peterson and Yelisey Kuts provide an extensive level of knowledge and service in areas concerning retirement strategies, including tax strategy, investments, estate planning, life and long-term-care insurance, Social Security, and Medicare. A one-stop shop for all your retirement needs, visit https://atfwealth.com [https://atfwealth.com/] to learn more! Have questions about retirement planning or other financial topics? Email Yelisey and Trey, and your topic might be featured in a future episode! Don't forget to leave a review and share this podcast with anyone looking to boost their financial knowledge. Schedule a meeting with us: Trey C. Peterson: trey@atfwealth.com [trey@atfwealth.com] Yelisey Kuts: yelisey@atfwealth.com [yelisey@atfwealth.com] Phone: (612) 286-0580 Contact us: https://atfwealth.com/contact-us [https://atfwealth.com/contact-us] Trey C. Peterson is a Retirement Planning Specialist with All Things Financial. Trey is a graduate of Oral Roberts University with a degree in Corporate Communication. He is currently pursuing his master’s degree in leadership. He is also a graduate of The National Institute of Christian Leadership. Yelisey Kuts is a Fiduciary Wealth Advisor with All Things Financial. He holds a master’s degree in business from Oral Roberts University. Aside from being a financial advisor, Yelisey has taught classes on a wide range of retirement topics since 2015. At All Things Financial, our mission is simple—help individuals and families create lasting financial freedom. We take a personalized, strategic approach to every plan, aligning it with your goals, values, and vision for the future. https://atfwealth.com [https://atfwealth.com/] This episode was produced by Story On Media: https://www.storyon.co/ [https://www.storyon.co/]

Taxes in Retirement Part 1

Did you know there’s a specific order of withdrawals that can help maximize retirement savings? Taxes can quietly become one of the biggest factors in how much retirement income investors and retirees actually keep. In this episode, Trey and Yelisey explain how Social Security taxation, withdrawal order, progressive tax brackets, RMDs, and account location can all affect a retirement plan. They also emphasize the value of proactive tax strategy so retirees can make informed decisions before small mistakes become expensive surprises. What you’ll learn in this episode: (01:52) Social Security benefits are subject to federal taxes depending on total income sources. (03:00) Provisional income is the key calculation used to determine what percentage of Social Security is taxable. (03:49) Taxation of Social Security has changed significantly since 1984, moving from tax-free to potentially 85% taxable. (05:48) Most financial experts recommend a withdrawal sequence starting with brokerage accounts, followed by pre-tax accounts, and ending with Roth IRAs. (09:12) Proper asset location involves placing higher-growth equities in Roth accounts while keeping safer assets in pre-tax vehicles. (11:27) Required Minimum Distributions must be planned well in advance to avoid unexpected tax consequences. (12:57) Excessive retirement income can lead to higher Medicare premiums and the loss of certain itemized medical deductions. (15:46) New legislation introduced a temporary senior tax deduction of $6,000 for qualifying individuals aged 65 and older. Learn more about Trey C. Peterson, Yelisey Kuts, and All Things Financial: https://atfwealth.com [https://atfwealth.com/] Subscribe to the podcast: Apple Podcasts: https://podcasts.apple.com/us/podcast/id1728281696 [https://podcasts.apple.com/us/podcast/id1728281696] Spotify: https://open.spotify.com/show/2iIDj87XpGTlEl9Qiu6wwi [https://open.spotify.com/show/2iIDj87XpGTlEl9Qiu6wwi] YouTube: https://www.youtube.com/@allthingsfinancialshow?sub_confirmation=1 [https://www.youtube.com/@allthingsfinancialshow?sub_confirmation=1] Trey C. Peterson and Yelisey Kuts provide an extensive level of knowledge and service in areas concerning retirement strategies, including tax strategy, investments, estate planning, life and long-term-care insurance, Social Security, and Medicare. A one-stop shop for all your retirement needs, visit https://atfwealth.com [https://atfwealth.com/] to learn more! Have questions about retirement planning or other financial topics? Email Yelisey and Trey, and your topic might be featured in a future episode! Don't forget to leave a review and share this podcast with anyone looking to boost their financial knowledge. Schedule a meeting with us: Trey C. Peterson: trey@atfwealth.com [trey@atfwealth.com] Yelisey Kuts: yelisey@atfwealth.com [yelisey@atfwealth.com] Phone: (612) 286-0580 Contact us: https://atfwealth.com/contact-us [https://atfwealth.com/contact-us] Trey C. Peterson is a Retirement Planning Specialist with All Things Financial. Trey is a graduate of Oral Roberts University with a degree in Corporate Communication. He is currently pursuing his master’s degree in leadership. He is also a graduate of The National Institute of Christian Leadership. Yelisey Kuts is a Fiduciary Wealth Advisor with All Things Financial. He holds a master’s degree in business from Oral Roberts University. Aside from being a financial advisor, Yelisey has taught classes on a wide range of retirement topics since 2015. At All Things Financial, our mission is simple—help individuals and families create lasting financial freedom. We take a personalized, strategic approach to every plan, aligning it with your goals, values, and vision for the future. https://atfwealth.com [https://atfwealth.com/] This episode was produced by Story On Media: https://www.storyon.co/ [https://www.storyon.co/]

Why Leadership Starts With You First

If your professional title were removed today, would those around you still view you as a leader based on your actions? This episode breaks down the foundational principles of leadership, starting with the often-overlooked skill of leading yourself. The hosts explore how leadership impacts every area of life: from personal habits to family dynamics and workplace culture. By focusing on consistency, humility, and intentional action, they reveal what it truly takes to lead well over the long term. What you’ll learn in this episode: (00:00) Leadership begins with learning how to lead yourself before anyone else. (02:34) Why taking action matters more than consuming information. (04:43) How habits and consistency shape your ability to lead effectively. (06:51) What it looks like to lead your family through intentional conversations and values. (08:06) Why small, overlooked issues can become major problems over time. (10:52) How family meetings and clear values create stronger leadership at home. (19:27) Why leadership in the workplace doesn’t require a title. (22:57) How identifying blind spots and encouraging feedback improves leadership performance. Learn more about Trey C. Peterson, Yelisey Kuts, and All Things Financial: https://atfwealth.com Subscribe to the podcast: Apple Podcasts: https://podcasts.apple.com/us/podcast/id1728281696 Spotify: https://open.spotify.com/show/2iIDj87XpGTlEl9Qiu6wwi YouTube: https://www.youtube.com/@allthingsfinancialshow?sub_confirmation=1 Trey C. Peterson and Yelisey Kuts provide an extensive level of knowledge and service in areas concerning retirement strategies, including tax strategy, investments, estate planning, life and long-term-care insurance, Social Security, and Medicare. A one-stop shop for all your retirement needs, visit https://atfwealth.com to learn more! Have questions about retirement planning or other financial topics? Email Yelisey and Trey, and your topic might be featured in a future episode! Don't forget to leave a review and share this podcast with anyone looking to boost their financial knowledge. Schedule a meeting with us: Trey C. Peterson: trey@atfwealth.com Yelisey Kuts: yelisey@atfwealth.com Phone: (612) 286-0580 Contact us: https://atfwealth.com/contact-us Trey C. Peterson is a Retirement Planning Specialist with All Things Financial. Trey is a graduate of Oral Roberts University with a degree in Corporate Communication. He is currently pursuing his master’s degree in leadership. He is also a graduate of The National Institute of Christian Leadership. Yelisey Kuts is a Fiduciary Wealth Advisor with All Things Financial. He holds a master’s degree in business from Oral Roberts University. Aside from being a financial advisor, Yelisey has taught classes on a wide range of retirement topics since 2015. At All Things Financial, our mission is simple—help individuals and families create lasting financial freedom. We take a personalized, strategic approach to every plan, aligning it with your goals, values, and vision for the future. https://atfwealth.com This episode was produced by Story On Media: https://www.storyon.co/

3 Mistakes That Quietly Hurt Your Future

Are you just sitting on your money when you could be telling it where to go? Trey and Yelisey discuss the subtle, non-dramatic financial errors that can significantly hinder a person's ability to retire well. The episode highlights how delay, lack of planning, and emotional decision-making act as the primary barriers to long-term wealth. Listeners are encouraged to replace fear with disciplined habits and consistent action to achieve true financial peace. What you’ll learn in this episode: 00:49 Small, quiet mistakes like lack of consistency can be more damaging to your future than major events like bankruptcy. 02:54 Skipping the first ten years of investing can result in losing approximately 40% of your total potential savings. 04:49 Successful retirees often share a pattern of consistent employment without long gaps between paychecks. 06:36 Despite rising costs of living, a survey shows that nearly 47% of Americans still lack a formal financial plan. 07:53 When receiving a raise, it is vital to wait at least four months before increasing your consistent lifestyle expenses. 12:11 The median American family currently holds less than $10,000 in liquid savings, leaving them vulnerable to common emergencies. 15:40 Letting emotions drive your financial choices is a common pitfall that can be overcome with disciplined management. 19:01 Working just two additional years past a projected retirement date can often help maintain a desired lifestyle indefinitely. Learn more about Trey C. Peterson, Yelisey Kuts, and All Things Financial: https://atfwealth.com [https://atfwealth.com/] Subscribe to the podcast: Apple Podcasts: https://podcasts.apple.com/us/podcast/id1728281696 [https://podcasts.apple.com/us/podcast/id1728281696] Spotify: https://open.spotify.com/show/2iIDj87XpGTlEl9Qiu6wwi [https://open.spotify.com/show/2iIDj87XpGTlEl9Qiu6wwi] YouTube: https://www.youtube.com/@allthingsfinancialshow?sub_confirmation=1 [https://www.youtube.com/@allthingsfinancialshow?sub_confirmation=1] Trey C. Peterson and Yelisey Kuts provide an extensive level of knowledge and service in areas concerning retirement strategies, including tax strategy, investments, estate planning, life and long-term-care insurance, Social Security, and Medicare. A one-stop shop for all your retirement needs, visit https://atfwealth.com [https://atfwealth.com/] to learn more! Have questions about retirement planning or other financial topics? Email Yelisey and Trey, and your topic might be featured in a future episode! Don't forget to leave a review and share this podcast with anyone looking to boost their financial knowledge. Schedule a meeting with us: Trey C. Peterson: trey@atfwealth.com [trey@atfwealth.com] Yelisey Kuts: yelisey@atfwealth.com [yelisey@atfwealth.com] Phone: (612) 286-0580 Contact us: https://atfwealth.com/contact-us [https://atfwealth.com/contact-us] Trey C. Peterson is a Retirement Planning Specialist with All Things Financial. Trey is a graduate of Oral Roberts University with a degree in Corporate Communication. He is currently pursuing his master’s degree in leadership. He is also a graduate of The National Institute of Christian Leadership. Yelisey Kuts is a Fiduciary Wealth Advisor with All Things Financial. He holds a master’s degree in business from Oral Roberts University. Aside from being a financial advisor, Yelisey has taught classes on a wide range of retirement topics since 2015. At All Things Financial, our mission is simple—help individuals and families create lasting financial freedom. We take a personalized, strategic approach to every plan, aligning it with your goals, values, and vision for the future. https://atfwealth.com [https://atfwealth.com/] This episode was produced by Story On Media: https://www.storyon.co/ [https://www.storyon.co/]

The Retirement Red Zone

When is the right time to start drawing income from savings? This episode explores the "Retirement Red Zone," the critical period spanning the final years of work and the beginning of retirement when investors must shift from accumulating wealth to creating a sustainable income plan. Trey and Yelisey discuss the technical complexities of optimizing government benefits and navigating enrollment rules to avoid lifelong financial penalties. Discover the psychological and strategic shifts required to confidently spend assets and manage market risks like the sequence of returns. What you’ll learn in this episode: 00:00 Why the retirement red zone is one of the biggest financial transitions in life. 02:00 How to shift from earning a paycheck to creating your own income stream. 05:00 Why most people don’t understand their investment fees and how that impacts long-term outcomes. 08:00 How Social Security timing decisions can significantly affect total lifetime income. 17:30 What to know about Medicare enrollment windows and how to avoid lifetime penalties. 24:00 Why shifting from saving to spending is psychologically difficult and how to overcome it. 27:00 How sequence of returns risk can impact how long your money lasts. 31:30 Why coordinating income sources and creating guaranteed income leads to greater retirement confidence. Learn more about Trey C. Peterson, Yelisey Kuts, and All Things Financial: https://atfwealth.com Subscribe to the podcast: Apple Podcasts: https://podcasts.apple.com/us/podcast/id1728281696 Spotify: https://open.spotify.com/show/2iIDj87XpGTlEl9Qiu6wwi YouTube: https://www.youtube.com/@allthingsfinancialshow?sub_confirmation=1 Trey C. Peterson and Yelisey Kuts provide an extensive level of knowledge and service in areas concerning retirement strategies, including tax strategy, investments, estate planning, life and long-term-care insurance, Social Security, and Medicare. A one-stop shop for all your retirement needs, visit https://atfwealth.com to learn more! Have questions about retirement planning or other financial topics? Email Yelisey and Trey, and your topic might be featured in a future episode! Don't forget to leave a review and share this podcast with anyone looking to boost their financial knowledge. Schedule a meeting with us: Trey C. Peterson: trey@atfwealth.com Yelisey Kuts: yelisey@atfwealth.com Phone: (612) 286-0580 Contact us: https://atfwealth.com/contact-us Trey C. Peterson is a Retirement Planning Specialist with All Things Financial. Trey is a graduate of Oral Roberts University with a degree in Corporate Communication. He is currently pursuing his master’s degree in leadership. He is also a graduate of The National Institute of Christian Leadership. Yelisey Kuts is a Fiduciary Wealth Advisor with All Things Financial. He holds a master’s degree in business from Oral Roberts University. Aside from being a financial advisor, Yelisey has taught classes on a wide range of retirement topics since 2015. At All Things Financial, our mission is simple—help individuals and families create lasting financial freedom. We take a personalized, strategic approach to every plan, aligning it with your goals, values, and vision for the future. https://atfwealth.com This episode was produced by Story On Media: https://www.storyon.co/