#15 - Health Savings Account Powerplay

#15 - Health Savings Account Powerplay

There are good tax planning strategies and then there are great tax planning strategies. Today, we will discuss what I think is a great tax planning strategy – in the right situation and if properly implemented. In this episode, Steve and Mel discuss the following: * What is a Health Savings Account? * What are the potential tax benefits (spoiler alert: it’s not small)? * The pros and cons of an HSA? * How to avoid mistakes in the implementation of an HSA. Resources:  * Visit our Blog at Oasis Wealth [https://oasiswealthplanning.com/insights/health-savings-account-powerplay] * For a list of qualified medical expenses, see IRS Publication 502 [https://www.irs.gov/pub/irs-pdf/p502.pdf]. * For a couple of Health Savings Account administrators, see Lively Website [https://livelyme.com/] or HSA Bank Website. [https://www.hsabank.com/hsabank/homepage] (We do not endorse them so please do your own due diligence.)   Want to speak to a fiduciary financial planner? * Schedule an Introductory Call with Oasis Wealth [https://calendly.com/steve-martin-1/30min]

#14 - Travel In Retirement: Part II

Travel in retirement can be immensely rewarding. While you do not have to see the world to find fulfillment in retirement, traveling beyond your home into different communities and cultures can provide you with rich experiences to learn, expand relationships, renew, and reach new horizons.  In this episode, Steve and Mel discuss the following: * The costs and budgeting for travel in retirement. * Extended travel in retirement. * Cost-saving tips for retirement travel. * Why you don’t want to fail to plan travel. * And more! Resources:  * Visit our Blog at Oasis Wealth: Episode 14 Blog [https://oasiswealthplanning.com/insights/travel-in-retirement-part-ii] * Upgrade Points [https://upgradedpoints.com/travel/travel-and-discounts-guide-for-seniors/]. * Google Flights [https://www.google.com/travel/flights]. * The Balance Senior Travel Article [https://www.thebalance.com/why-more-seniors-should-use-travel-rewards-4164185], The Points Guy [https://thepointsguy.com/], and AARP [https://www.aarp.org/benefits-discounts/]. * Earth Vagabonds, Senior Vagabond Travel [https://www.vagabondjourney.com/senior-vagabond-travel/]    Want to speak to a fiduciary financial planner? * Schedule an Introductory Call with Oasis Wealth [https://calendly.com/steve-martin-1/30min]

#13 Travel In Retirement: How It’s Different And Why It Matters

In this episode, Steve and Mel discuss the following: * The difference between vacation and true travel. * The benefits of travel in retirement. * Why your travel companions may be different in retirement. * Why what we do in our travels may be different in retirement. * And more! Resources:  For Visit our Blog line, ADD LINK TO OUR CORRESPONDING WEBSITE BLOG. USE THIS ADDRESS: https://www.oasiswealthplannig.com/ADD ADDITIONAL URL OF SPECIFIC PAGE * Visit our Blog at Oasis Wealth: Episode 13 Blog * Medium Article on Why Travel is More Important in Retirement [https://medium.com/publishous/3-reasons-why-travel-is-more-important-in-retirement] * Select list of travel groups: Road Scholar [https://www.roadscholar.org/], Smithsonian Journeys [https://www.smithsonianjourneys.org/], Elder Treks [https://www.eldertreks.com/]. For more, see a list compiled by Travel and Leisure [https://www.travelandleisure.com/trip-ideas/senior-travel/best-travel-groups-for-seniors]. * Interesting retreat locations: Sedona (AZ), [https://sedonaselfloveretreats.com/] Lake Junaluska (NC) [https://lakejunaluska.com/], Sante Fe (NM), [https://www.desertharborretreat.com/] Want to speak to a fiduciary financial planner? * Schedule an Introductory Call with Oasis Wealth [https://calendly.com/steve-martin-1/30min]

#12 -Should I Pay Off My Mortgage at Retirement?

In this episode, Steve and Mel discuss the following: * The pros and cons of paying down your mortgage in retirement. * Using debt to help with tax minimization strategies. * The potential role of a Home Equity Line in retirement. * Why scenario analysis with financial modeling is critical to help you make important decisions. * And more! Visit our Blog at Oasis Wealth: Episode 12 [https://www.oasiswealthplannig.com/should-i-pay-off-my-mortgage-in-retirement] Want to speak to a fiduciary financial planner? * Schedule an Introductory Call with Oasis Wealth [https://calendly.com/steve-martin-1/30min]

#11- What is the Optimal Claiming Age for Social Security?

Choosing the right claiming age for your Social Security retirement benefits can result in tens of thousands of dollars in savings or more. It’s not a one-size fits all answer so you better know the relevant factors and considerations. In this episode, Steve and Mel discuss the following: * Review the fundamentals of Social Security retirement benefits. * The basic tradeoffs of claiming SS benefits earlier versus later. * The key factors that play a role in the optimal claiming age decision. * The types of analysis for the optimal claiming age. * Why the analysis for married couples is more complex than for single individuals. * Where to get help in analyzing your optimal claiming age strategy. * And more!   Resources:  For Visit our Blog line, ADD LINK TO OUR CORRESPONDING WEBSITE BLOG. USE THIS ADDRESS: https://www.oasiswealthplannig.com/what-is-the-optimal-social-security-claiming-strategy [https://www.oasiswealthplannig.com/what-is-the-optimal-social-security-claiming-strategy]   Visit our Blog at Oasis Wealth: Episode 11 [https://www.oasiswealthplannig.com/what-is-the-optimal-social-security-claiming-strategy] * SSA's Life Expectancy Calculator [http://www.ssa.gov/OACT/population/longevity.html] * Living to 100 Calculator [https://www.livingto100.com/calculator] * Alleva, Brian. Discount Rate Specification and the Social Security Claiming Decision. 2016. [https://www.ssa.gov/policy/docs/ssb/v76n2/v76n2p1.html] * Alicia H. Munnell and Anqi Chen, Are Social Security’s Actuarial Adjustments Still Correct? 2019. [https://crr.bc.edu/wp-content/uploads/2019/11/IB_19-18.pdf] Want to speak to a fiduciary financial planner? * Schedule an Introductory Call with Oasis Wealth [https://calendly.com/steve-martin-1/30min]