Strategic Planning Podcast

You've Managed Your Own Money Successfully - Why Would You Need an Advisor Now?

We heard from a listener who has managed their own money for years and done well. So why would they need an advisor now that retirement is around the corner?   Show Links & Info: SPC Investing: http://spcinvesting.com/   [http://spcinvesting.com/%20] Schedule A Visit: https://talkstomike.com/ [https://talkstomike.com/]

A New Proposal Might Cap Your Social Security Payments

A new proposal out of Washington is adding a fresh angle to the Social Security solvency debate. Today, we're breaking down what's proposed, if it might cost you money in the future, and what questions it raises for anyone planning around Social Security right now.   Show Links & Info: SPC Investing: http://spcinvesting.com/   [http://spcinvesting.com/%20] Schedule A Visit: https://talkstomike.com/ [https://talkstomike.com/]

Mailbag: Extra Cash, Early Retirement Health Insurance & Retirement Taxes

This week on Strategic Planning, the team answers listener questions about smart financial decisions as retirement approaches. They discuss what to do with extra cash flow after paying off your mortgage, options for covering health insurance if you retire before Medicare eligibility, and how taxes work when withdrawing money from retirement accounts. Tune in for practical insights to help you think through these common retirement planning challenges.   Show Links & Info: SPC Investing: http://spcinvesting.com/   [http://spcinvesting.com/%20] Schedule A Visit: https://talkstomike.com/ [https://talkstomike.com/]

Tax Mistakes New Retirees Make

Nobody likes tax season. But for new retirees, it can come with a few unwelcome surprises. The rules have changed, the income sources have shifted, and strategies that made sense during your working years may no longer apply. Today we're looking at some of the biggest tax mistakes retirees make as discussed in a recent Kiplinger article [https://www.kiplinger.com/taxes/tax-planning/biggest-tax-mistakes-new-retirees-make-in-first-years] and whether these match what we see in the real world.    Show Links & Info: SPC Investing: http://spcinvesting.com/   [http://spcinvesting.com/%20] Schedule A Visit: https://talkstomike.com/ [https://talkstomike.com/]

Inherited a House — Are the Taxes Really That Bad?

When a parent passes away, emotions and finances tend to collide, especially when real estate is involved. One of the most common things that stalls families is fear of taxes, even when that fear isn’t fully understood. Today’s listener question is about an inherited home and hesitant siblings.   Show Links & Info: SPC Investing: http://spcinvesting.com/   [http://spcinvesting.com/%20] Schedule A Visit: https://talkstomike.com/ [https://talkstomike.com/]