License To Spend

Ladies, are you confident in your financial future? Whether married or single, being on top of your finances is crucial. Are you prepared for the unique challenges women face in retirement? Tim Whisler, CRPC®, CLTC® chats about the importance of women’s financial empowerment and understanding retirement planning. Delve into key areas like longevity concerns, the impact of career choices, and vital financial misconceptions that women often encounter. This episode offers a refreshing perspective, emphasizing proactivity and learning. Tim discusses: * Unique challenges women face in retirement planning * Misconceptions and common financial planning mistakes * Effective strategies to overcome financial overwhelm * Ways to optimize Social Security benefits * And more! Connect with Tim:  * Email: Tim Whisler  [tim@thewhisleragency.com] * LinkedIn: Tim Whisler, CRPC®, CLTC® [https://www.linkedin.com/in/tim-whisler-crpc/] * The Whisler Agency [https://thewhisleragency.com/] * LinkedIn: The Whisler Agency [https://www.linkedin.com/company/the-whisler-agency/] Book a Call with Tim: * Schedule a call [https://calendly.com/tim-0491/chat-with-tim] Investment advisory and financial planning services are offered through Foundations Investment Advisors, LLC, an SEC-registered investment Advisor. Insurance, Consulting, and Education services are offered through The Whisler Agency. The Whisler Agency is a separate and unaffiliated entity from Simplicity Wealth and Simplicity Solutions.

Are you ready to face the challenges of transforming your savings into a lasting income stream for your retirement years?  This week, Tim Whisler explores the complexities retirees encounter when transitioning from earning a paycheck to generating a consistent income on their own. With valuable insights and practical strategies, he shines a light on the importance of having a written financial plan tailored to individual needs and goals. Key topics Tim discusses include: * The fading three-legged stool of retirement: pensions, Social Security, and personal savings * Why a written income plan is crucial to avoid overspending or underspending * Understanding the pitfalls of the outdated 4% rule and market volatility * The significance of a customized retirement roadmap and the role of a retirement income planner  * And more! Resources: * License to Spend: A Retirement Plan Based on INcome as Opposed to IFcome by Tim Whisler [https://www.amazon.com/License-Spend-Retirement-INcome-Opposed/dp/1963911423] Connect with Tim:  * (309) 291-0491 * Email: Tim Whisler  [tim@thewhisleragency.com] * LinkedIn: Tim Whisler, CRPC®, CLTC® [https://www.linkedin.com/in/tim-whisler-crpc/] * The Whisler Agency [https://thewhisleragency.com/] * LinkedIn: The Whisler Agency [https://www.linkedin.com/company/the-whisler-agency/] Book a Call with Tim: * Schedule a call [https://calendly.com/tim-0491/chat-with-tim] Investment advisory and financial planning services are offered through Foundations Investment Advisors, LLC, an SEC Registered Investment Advisor. Insurance, Consulting, and Education services are offered through The Whisler Agency. The Whisler Agency is a separate and unaffiliated entity from Simplicity Wealth and Simplicity Solutions.

What does a fulfilling retirement really look like? In this episode of License to Spend, Tim Whisler invites listeners to explore the psychological shift that accompanies retirement. Tim delves into the compelling story of Jim, a former executive, to illustrate common challenges retirees face and how finding purpose can lead to a fulfilling post-career life.  You’ll discover strategies to combat the identity crisis that many retirees experience, learn the importance of structuring your days, and hear about ways to remain socially connected and active. Tim discusses: * Insights from the “psychology of retirement” seen through Jim’s story * Common phases of emotional cycles in retirement and how to navigate them * Five practical steps to avoid an identity crisis and find purpose * The significance of writing goals and planning for an enriching retirement * And more! Connect with Tim:  * (309) 291-0491 * Email: Tim Whisler  [tim@thewhisleragency.com] * LinkedIn: Tim Whisler, CRPC®, CLTC® [https://www.linkedin.com/in/tim-whisler-crpc/] * The Whisler Agency [https://thewhisleragency.com/] * LinkedIn: The Whisler Agency [https://www.linkedin.com/company/the-whisler-agency/]  Book a Call with Tim: * Schedule a call [https://calendly.com/tim-0491/chat-with-tim] Investment advisory and financial planning services are offered through Foundations Investment Advisors, LLC, an SEC Registered Investment Advisor. Insurance, Consulting, and Education services are offered through The Whisler Agency. The Whisler Agency is a separate and unaffiliated entity from Simplicity Wealth and Simplicity Solutions.

We all age, but some birthdays mean more than just another candle on the cake—they’re critical for retirement planning. This week, Tim Whisler dives into the crucial ages that play a pivotal role in retirement planning, from critical decisions starting at age 50 to the implications of reaching 70 ½ and beyond.  You’ll learn how these age milestones can influence your financial strategies, including the importance of catch-up contributions, understanding Social Security benefits, and managing required minimum distributions (RMDs).  Tim discusses: * The significance of turning 50 and utilizing catch-up contributions * Accessing retirement funds penalty-free at age 59 ½ through in-service distributions * Social Security strategies starting at age 62 and the impact of earnings on benefits * The importance of 65 for Medicare and guidelines for required minimum distributions starting at age 73 * And more! Connect with Tim:  * (309) 291-0491 * Email: Tim Whisler  [tim@thewhisleragency.com] * LinkedIn: Tim Whisler, CRPC®, CLTC® [https://www.linkedin.com/in/tim-whisler-crpc/] * The Whisler Agency [https://thewhisleragency.com/] * LinkedIn: The Whisler Agency [https://www.linkedin.com/company/the-whisler-agency/] Book a Call with Tim: * Schedule a call [https://calendly.com/tim-0491/chat-with-tim] Investment advisory and financial planning services are offered through Foundations Investment Advisors, LLC, an SEC Registered Investment Advisor. Insurance, Consulting, and Education services are offered through The Whisler Agency. The Whisler Agency is a separate and unaffiliated entity from Simplicity Wealth and Simplicity Solutions.

Changes to the federal tax code could significantly impact your financial planning and retirement strategies. What changes might be coming to the Tax Cuts and Jobs Act? How can you prepare for potential tax increases? In this episode of Your License to Spend, Tim Whisler dives into the intricacies of the Tax Cuts and Jobs Act, exploring its impact on individuals and businesses and the uncertainties surrounding its expiration at the end of next year.  Tim sheds light on proactive tax planning strategies in anticipation of legislative changes and helps listeners understand how to adapt their financial strategies in an evolving tax landscape. Tim discusses: * The Tax Cuts and Jobs Act: Its impact on tax brackets, standard deductions, and child tax credits * Corporate Tax Benefits: How the Act provided tax cuts for corporations * Future Tax Planning: The importance of planning for potential tax increases and legislative changes * Retirement Strategies: Recommendations for maximizing 401(k) contributions and considering Roth conversions * And more! Connect with Tim:  * 309-291-0491 * Email: Tim Whisler  [tim@thewhisleragency.com] * LinkedIn: Tim Whisler, CRPC®, CLTC® [https://www.linkedin.com/in/tim-whisler-crpc/] * The Whisler Agency [https://thewhisleragency.com/] * LinkedIn: The Whisler Agency [https://www.linkedin.com/company/the-whisler-agency/] Book a Call with Tim: * Schedule a call [https://calendly.com/tim-0491/chat-with-tim] Investment advisory and financial planning services are offered through Foundations Investment Advisors, LLC, an SEC Registered Investment Advisor. Insurance, Consulting, and Education services are offered through The Whisler Agency. The Whisler Agency is a separate and unaffiliated entity from Simplicity Wealth and Simplicity Solutions.