Financial Planning for Those Retiring in 5-10 Years: The Podcast

If I were 10 years until retirement, I would want to get clear on these six things | Episode 8

In this video I talk about the important questions and decisions to focus on if I were 10 years until retirement. Retirement is one of the biggest decisions that occur in our lives, so you should take time to focus on many important details. When you are 10 years out from retirement, you can make some changes that can get you back working towards the right path or make decisions that can be detrimental to your retirement plan.  ➡️ Book your free consultation to see how I may be able to help you work to get on track with your financial plan: https://kolinhayes.com/  ➡️ Join 85+ other readers who receive my free financial planning newsletter called "The Confident Planner" every other Friday: https://lp.constantcontactpages.com/sl/78ZGt78/ConfidentPlanner  The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. No strategy assures success or protects against loss. Investing involves risks, including the loss of principal. Securities and advisory services are offered through LPL Financial (LPL), a registered investment advisor and broker-dealer (member FINRA/SIPC). Insurance products are offered through LPL or its licensed affiliates. Nodaway Valley Bank (NVB) and Nodaway Valley Investment Services™ (NVIS) are not registered as a broker-dealer or investment advisor. Registered representatives of LPL offer products and services using the name NVIS, and may also be employees of NVB. These products and services are being offered through LPL or its affiliates, which are separate entities from, and not affiliates of, NVB or NVIS. Securities and insurance offered through LPL or its affiliates are: Not Insured by FDIC or Any Other Government Agency | Not Bank Guaranteed | Not Bank Deposits or Obligations | May Lose Value

Inherited IRAs: What You Need To Know (Spouse Beneficiary) | Episode 7

In this video I talk about inheriting a retirement account as a spouse beneficiary. These rules are different than a non-spouse beneficiary of a retirement account. I talk about the 3 options you have, whether that is rolling the money into your own retirement account, keeping it as an inherited IRA or withdrawing all the funds at once.  ➡️ Book your free consultation to see how I may be able to help you work to get on track with your financial plan: https://kolinhayes.com/  ➡️ Join 85+ other readers who receive my free financial planning newsletter called "The Confident Planner" every other Friday: https://lp.constantcontactpages.com/sl/78ZGt78/ConfidentPlanner  The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. No strategy assures success or protects against loss. Investing involves risks, including the loss of principal. Contributions to a traditional IRA may be tax deductible in the contribution year, with current income tax due at withdrawal.  Withdrawals prior to age 59 ½ may result in a 10% IRS penalty tax in addition to current income tax. A Roth IRA offers tax deferral on any earnings in the account. Qualified withdrawals of earnings from the account are tax-free. Withdrawals of earnings prior to age 59 ½ or prior to the account being opened for 5 years, whichever is later, may result in a 10% IRS penalty tax. Limitations and restrictions may apply. Securities and advisory services are offered through LPL Financial (LPL), a registered investment advisor and broker-dealer (member FINRA/SIPC). Insurance products are offered through LPL or its licensed affiliates. Nodaway Valley Bank (NVB) and Nodaway Valley Investment Services™ (NVIS) are not registered as a broker-dealer or investment advisor. Registered representatives of LPL offer products and services using the name NVIS, and may also be employees of NVB. These products and services are being offered through LPL or its affiliates, which are separate entities from, and not affiliates of, NVB or NVIS. Securities and insurance offered through LPL or its affiliates are: Not Insured by FDIC or Any Other Government Agency | Not Bank Guaranteed | Not Bank Deposits or Obligations | May Lose Value

Max Social Security Benefits in 2026 | Episode 6

In this video Kolin Hayes talks about the maximum social security benefit someone can earn in 2026. He looks at the social security wage base in 2026 of $184,500 and how that has increased each year. Kolin talks about the cost of living adjustment (COLA) in 2026 of 2.8% and how that affects the maximum benefit someone can earn from social security.  ➡️ Learn more about my services and book your free consultation today: https://kolinhayes.com/  ➡️ Join 85+ other readers who receive my free financial planning newsletter called "The Confident Planner" every other Friday: https://lp.constantcontactpages.com/sl/78ZGt78/ConfidentPlanner  The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. No strategy assures success or protects against loss. Investing involves risks, including the loss of principal. Securities and advisory services are offered through LPL Financial (LPL), a registered investment advisor and broker-dealer (member FINRA/SIPC). Insurance products are offered through LPL or its licensed affiliates. Nodaway Valley Bank (NVB) and Nodaway Valley Investment Services™ (NVIS) are not registered as a broker-dealer or investment advisor. Registered representatives of LPL offer products and services using the name NVIS, and may also be employees of NVB. These products and services are being offered through LPL or its affiliates, which are separate entities from, and not affiliates of, NVB or NVIS. Securities and insurance offered through LPL or its affiliates are: Not Insured by FDIC or Any Other Government Agency | Not Bank Guaranteed | Not Bank Deposits or Obligations | May Lose Value

Inherited IRAs: What You Need To Know (Non-Spouse Beneficiary) | Episode 5

In this video Kolin talks about inherited IRAs and what you need to know as a non-spouse beneficiary of a retirement account. As a non-spouse beneficiary, there are some new rules that dictate when and how you remove money from an inherited retirement account that is now an inherited or beneficiary IRA in your name. The 10 year rule, RMDs, tax implications and financial planning things to think about when inheriting a retirement account.  ➡️ Learn more about my services and book your free consultation today: https://kolinhayes.com/  ➡️ Join 85+ other readers who receive my free financial planning newsletter called "The Confident Planner" every other Friday: https://lp.constantcontactpages.com/sl/78ZGt78/ConfidentPlanner  The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. No strategy assures success or protects against loss. Investing involves risks, including the loss of principal. Securities and advisory services are offered through LPL Financial (LPL), a registered investment advisor and broker-dealer (member FINRA/SIPC). Insurance products are offered through LPL or its licensed affiliates. Nodaway Valley Bank (NVB) and Nodaway Valley Investment Services™ (NVIS) are not registered as a broker-dealer or investment advisor. Registered representatives of LPL offer products and services using the name NVIS, and may also be employees of NVB. These products and services are being offered through LPL or its affiliates, which are separate entities from, and not affiliates of, NVB or NVIS. Securities and insurance offered through LPL or its affiliates are: Not Insured by FDIC or Any Other Government Agency | Not Bank Guaranteed | Not Bank Deposits or Obligations | May Lose Value

Social Security: What You Need To Know (2026) | Episode 4

In this episode I talk about how Social Security claiming works. How your Social Security (SSA) benefit is reduced or increased based on when you claim. I talk about 5 things to think about when planning a SSA claiming strategy.  ➡️ Learn more about my services and book your free consultation today: https://kolinhayes.com/  ➡️ Join 85+ other readers who receive my free financial planning newsletter called "The Confident Planner" every other Friday: https://lp.constantcontactpages.com/sl/78ZGt78/ConfidentPlanner  This has been provided for informational purposes only. Each individual situation will vary. For more information and answers to many questions about Social Security benefits, go to ssa.gov. The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. Securities and advisory services are offered through LPL Financial (LPL), a registered investment advisor and broker-dealer (member FINRA/SIPC). Insurance products are offered through LPL or its licensed affiliates. Nodaway Valley Bank (NVB) and Nodaway Valley Investment Services™ (NVIS) are not registered as a broker-dealer or investment advisor. Registered representatives of LPL offer products and services using the name NVIS, and may also be employees of NVB. These products and services are being offered through LPL or its affiliates, which are separate entities from, and not affiliates of, NVB or NVIS. Securities and insurance offered through LPL or its affiliates are: Not Insured by FDIC or Any Other Government Agency | Not Bank Guaranteed | Not Bank Deposits or Obligations | May Lose Value