Retirement Roadmap

It's All About The Income, Baby

Retirement isn't just about how much you've saved — it's about whether your money can reliably replace your paycheck for the rest of your life. In this episode of MasterPlan, we break down one of the biggest and most emotional questions people face before retirement: “How much monthly income is actually enough?” Because walking away from a paycheck is difficult — even for people with substantial savings. And the truth is, retirement income planning is far more personal and nuanced than most people realize. We talk through the real-world challenges retirees face, the mistakes we see over and over again, and why simply “having money invested” is not the same thing as having an actual retirement income plan. We walk through: 0:00 — How Much Retirement Income Is Enough? 0:20 — Why Walking Away From a Paycheck Feels So Difficult 1:00 — Why Retirement Planning Used To Miss the Income Question 2:00 — The 80% Rule (And Why It’s Only a Starting Point) 3:00 — What Your Real Monthly Spending Actually Looks Like 4:00 — Needs vs. Wants in Retirement 5:00 — Why Retirement Spending Isn’t a Straight Line 6:30 — The “Income Gap” Explained 7:30 — Social Security, Pensions, Rentals & Other Income Sources 8:00 — The Right (and Wrong) Way to Use Annuities 10:00 — Why Generic Retirement Advice Can Be Dangerous 11:00 — The Hidden Costs and Fees People Miss 12:00 — Inflation, Taxes, and Unexpected Life Changes 13:30 — Stress Testing a Retirement Plan 15:00 — Why Retirement Planning Has To Stay Flexible Send us Fan Mail [https://www.buzzsprout.com/2204297/fan_mail/new] Visit masterplanretire.com to access our retirement checklists, podcasts, and schedule a complimentary consultation. Call 770-980-9262 to speak directly with someone about your retirement planning needs. https://masterplanretire.com/ [https://masterplanretire.com/] Catch all episodes of our podcast at https://www.masterplanyourretirement.com/resources/episodes [https://www.masterplanyourretirement.com/resources/episodes] Listen to Mark Fricks on Saturdays at 12:00 p.m. on XTRA 106.3 FM WFOM. Sign up for one of our upcoming events at https://www.masterplanyourretirement.com/events [https://www.masterplanyourretirement.com/events] Purchase Mark’s book, The Road Less Traveled: Turning Your Retirement Worries Into an Excursion of a Lifetime, on Amazon: https://a.co/d/4fx94Al [https://a.co/d/4fx94Al] Advisory services offered through MasterPlan Retirement Consultants, Inc., a Registered Investment Advisor in the state of Georgia. Insurance, tax and commodities services offered through Fricks and Associates, Inc. dba MasterPlan Retirement Consultants. The aforementioned are affiliated companies.

Is A Roth Conversion Right For You?

Most people are sitting on a ticking tax time bomb — and they don't even know it. In this episode of MasterPlan, we dig into Roth conversions: what they actually are, why they matter more right now than ever, and how to think through whether one makes sense for your situation. The problem most retirees face is that decades of contributing to traditional 401(k)s and IRAs has built up a massive pile of money — money that the IRS hasn't touched yet. And when it's time to pull it out, that bill can be a lot bigger than people expect. We walk through: 0:00 — The Tax Problem Nobody Sees Coming 0:15 — Welcome + What This Episode Covers 0:45 — Why Taxes Are "On Sale" Right Now 1:30 — Traditional vs. Roth: The Core Difference 3:00 — How a Roth Conversion Actually Works 4:30 — The Two Ways to Get Money Into a Roth 6:00 — Contribution Limits + Income Thresholds 7:30 — The Right Way to Pay the Tax Bill 9:00 — Bracket Arbitrage: Spreading Conversions Strategically 11:00 — IRMAA: The Medicare Surcharge Nobody Warns You About 13:00 — RMDs and Why They Sneak Up on People 15:30 — The Legacy Advantage of a Roth 17:00 — Why Doing Nothing Has a Real Cost Send us Fan Mail [https://www.buzzsprout.com/2204297/fan_mail/new] Visit masterplanretire.com to access our retirement checklists, podcasts, and schedule a complimentary consultation. Call 770-980-9262 to speak directly with someone about your retirement planning needs. https://masterplanretire.com/ [https://masterplanretire.com/] Catch all episodes of our podcast at https://www.masterplanyourretirement.com/resources/episodes [https://www.masterplanyourretirement.com/resources/episodes] Listen to Mark Fricks on Saturdays at 12:00 p.m. on XTRA 106.3 FM WFOM. Sign up for one of our upcoming events at https://www.masterplanyourretirement.com/events [https://www.masterplanyourretirement.com/events] Purchase Mark’s book, The Road Less Traveled: Turning Your Retirement Worries Into an Excursion of a Lifetime, on Amazon: https://a.co/d/4fx94Al [https://a.co/d/4fx94Al] Advisory services offered through MasterPlan Retirement Consultants, Inc., a Registered Investment Advisor in the state of Georgia. Insurance, tax and commodities services offered through Fricks and Associates, Inc. dba MasterPlan Retirement Consultants. The aforementioned are affiliated companies.

Long-Term Care Reality Check

What happens if one event quietly wipes out everything you’ve built? In this episode of MasterPlan, we get into one of the least talked about — and most financially destructive — parts of life planning: long-term care. Most people assume it’s something that happens “later” or that family will figure it out. But the reality is a lot more complicated — and a lot more expensive. We talk through: 0:00 — The Question Nobody Asks 0:15 — Welcome + What This Episode Covers 0:45 — The “Nuclear Button” of Retirement 1:30 — Why Home Care Isn’t That Simple 2:10 — What Long-Term Care Actually Includes 3:00 — The Real Costs (2025 Numbers) 4:15 — Nursing Home Costs Explained 5:00 — Medicaid: The Backup Plan 6:00 — The Bigger Problem (System Capacity) 7:00 — Why Long-Term Care Insurance Is Failing 8:00 — What People Get Wrong Send us Fan Mail [https://www.buzzsprout.com/2204297/fan_mail/new] Visit masterplanretire.com to access our retirement checklists, podcasts, and schedule a complimentary consultation. Call 770-980-9262 to speak directly with someone about your retirement planning needs. https://masterplanretire.com/ [https://masterplanretire.com/] Catch all episodes of our podcast at https://www.masterplanyourretirement.com/resources/episodes [https://www.masterplanyourretirement.com/resources/episodes] Listen to Mark Fricks on Saturdays at 12:00 p.m. on XTRA 106.3 FM WFOM. Sign up for one of our upcoming events at https://www.masterplanyourretirement.com/events [https://www.masterplanyourretirement.com/events] Purchase Mark’s book, The Road Less Traveled: Turning Your Retirement Worries Into an Excursion of a Lifetime, on Amazon: https://a.co/d/4fx94Al [https://a.co/d/4fx94Al] Advisory services offered through MasterPlan Retirement Consultants, Inc., a Registered Investment Advisor in the state of Georgia. Insurance, tax and commodities services offered through Fricks and Associates, Inc. dba MasterPlan Retirement Consultants. The aforementioned are affiliated companies.

How to Spend Confidently in Retirement

Holistic retirement planning isn’t just about saving — it’s about knowing when and how to spend. One of the most common challenges we see is that people who have done a great job preparing for retirement often feel uncomfortable actually using their money. In this episode of Retirement Roadmap with MasterPlan Retirement Consultants, Evan and retirement planner Mark Fricks break down the psychology behind spending in retirement, how to build confidence in your financial plan, and practical strategies to balance enjoying life today while staying on track for the future. Send us Fan Mail [https://www.buzzsprout.com/2204297/fan_mail/new] Visit masterplanretire.com to access our retirement checklists, podcasts, and schedule a complimentary consultation. Call 770-980-9262 to speak directly with someone about your retirement planning needs. https://masterplanretire.com/ [https://masterplanretire.com/] Catch all episodes of our podcast at https://www.masterplanyourretirement.com/resources/episodes [https://www.masterplanyourretirement.com/resources/episodes] Listen to Mark Fricks on Saturdays at 12:00 p.m. on XTRA 106.3 FM WFOM. Sign up for one of our upcoming events at https://www.masterplanyourretirement.com/events [https://www.masterplanyourretirement.com/events] Purchase Mark’s book, The Road Less Traveled: Turning Your Retirement Worries Into an Excursion of a Lifetime, on Amazon: https://a.co/d/4fx94Al [https://a.co/d/4fx94Al] Advisory services offered through MasterPlan Retirement Consultants, Inc., a Registered Investment Advisor in the state of Georgia. Insurance, tax and commodities services offered through Fricks and Associates, Inc. dba MasterPlan Retirement Consultants. The aforementioned are affiliated companies.

We Get Mail: Q&A Episode 2

Retirement planning gets complicated quickly when you start asking the questions most people avoid. What happens if long-term care becomes necessary? Should you trust a pension payout or take control of the money yourself? And how much should Social Security really factor into your plan if the future feels uncertain? In this Q&A episode of Retirement Roadmap with Master Plan Retirement Consultants — “We Get Mail” Part 2 — Evan and retirement planner Mark Fricks continue answering common retirement questions from clients and listeners, covering family financial habits, Medicare and Medicaid misconceptions, pension decisions, 401(k) strategy, and whether Social Security should still be part of the retirement equation. We cover: 00:10 – We Get Mail Part 2 (Intro + how to submit questions) 02:30 – How do I get my children to be more financially minded and take retirement planning seriously? 07:17 – Won’t Medicare and Medicaid cover my medical bills late in life? 10:48 – Should I take my pension as a lump sum? Can’t I earn more if I invest the funds? 15:10 – My 401(k) does not offer a match. Is it even worth contributing? 18:41 – When planning for retirement, should I just assume Social Security is going away and leave it out of the equation? 23:54 – Closing thoughts Send us Fan Mail [https://www.buzzsprout.com/2204297/fan_mail/new] Visit masterplanretire.com to access our retirement checklists, podcasts, and schedule a complimentary consultation. Call 770-980-9262 to speak directly with someone about your retirement planning needs. https://masterplanretire.com/ [https://masterplanretire.com/] Catch all episodes of our podcast at https://www.masterplanyourretirement.com/resources/episodes [https://www.masterplanyourretirement.com/resources/episodes] Listen to Mark Fricks on Saturdays at 12:00 p.m. on XTRA 106.3 FM WFOM. Sign up for one of our upcoming events at https://www.masterplanyourretirement.com/events [https://www.masterplanyourretirement.com/events] Purchase Mark’s book, The Road Less Traveled: Turning Your Retirement Worries Into an Excursion of a Lifetime, on Amazon: https://a.co/d/4fx94Al [https://a.co/d/4fx94Al] Advisory services offered through MasterPlan Retirement Consultants, Inc., a Registered Investment Advisor in the state of Georgia. Insurance, tax and commodities services offered through Fricks and Associates, Inc. dba MasterPlan Retirement Consultants. The aforementioned are affiliated companies.