Powered by RND
PodcastsBusinessRetirement Starts Today

Retirement Starts Today

Benjamin Brandt CFP®, RICP®
Retirement Starts Today
Latest episode

Available Episodes

5 of 357
  • One Big Beautiful Podcast Episode
    There is a lot to cover in this episode, including new legislation that could impact your retirement. Plus, 6 More Retirement Financial Myths to Avoid, and a listener with substantial assets who wants to know how to pay for a new car. The OBBB The One Big Beautiful Bill became public law on July 4, 2025. Included are: Lower Tax Brackets Are Now Permanent 
Larger Standard Deduction New Senior Bonus Deduction (2025–2028)
 Above-the-Line Charitable Deduction (2026–2028)
 Expanded SALT Deduction
 ACA Subsidy Planning Alert
 New Car Deduction 
 If you’re a client of ours - we’ll go into these changes in detail during our year-end appointments. If you really like the numbers, we’ll do a before & after to calculate your specific tax savings impacted by these changes.  Article: 6 More Retirement Financial Myths to Avoid This article by Sheryl Rowling from Morningstar addresses these six myths: You Should Never Make a Big Splurge in Retirement 2. It’s Best to Give to Charity After You Die  3. Spending Less Is Always Better 4. You Must Pay Off Your Mortgage Before Retiring 5. Reverse Mortgages Are a Last Resort 6. Your Biggest Financial Risk Is a Market Crash Resource:6 More Retirement Financial Myths to Avoid by Sheryl Rowling   Connect with Benjamin Brandt Get the Retire-Ready Toolkit: http://retirementstartstodayradio.com Subscribe to the newsletter: https://retirementstartstodayradio.com/newsletter Work with Benjamin: https://retirementstartstoday.com/start   Follow Retirement Starts Today in:Apple Podcasts, Spotify, Overcast, Pocket Casts, Amazon Music, or iHeart  Get the book!Retirement Starts Today: Your Non-financial Guide to an Even Better Retirement  
    --------  
    25:53
  • Mailed, Stolen and Cashed: a $114,000 Retirement Check
    This week’s headline reads like a financial horror story — and unfortunately, it’s a true one. 😱 33-year-old Mr. Handy changed jobs and did what millions of Americans do every year: he requested a rollover of his 401(k). Paychex, the provider managing his old employer's plan mailed him two paper checks: one for his traditional 401(k), and one for his Roth 401(k). They were intercepted in the mail, and over $114,000 vanished. Gone. Just like that. This situation raises some serious questions. According to a recent report from Capitalize, 43% of people doing rollovers are still being sent paper checks. Why are we still using paper checks to transfer life savings? We'll cover that through an article written by Ron Lieber of the New York Times. 📬 Then we will answer a listener question, "I invested in Vanguards 2035 Target fund a long time ago. Not a bad move. BUT, I did so in a brokerage account and not an IRA. Now I have over $100k in it. Oops. Should I leave it there or try to shift to a more flexible fund before a I retire in 5 year or so?" Resource: Article by Ron Lieber: His Life Savings Were Mailed to Him by Paper Check. Now, It’s Gone.   Connect with Benjamin Brandt Get the Retire-Ready Toolkit: http://retirementstartstodayradio.com Subscribe to the newsletter: https://retirementstartstodayradio.com/newsletter Work with Benjamin: https://retirementstartstoday.com/start Follow Retirement Starts Today in:Apple Podcasts, Spotify, Overcast, Pocket Casts, Amazon Music, or iHeart  Get the book!Retirement Starts Today: Your Non-financial Guide to an Even Better Retirement  
    --------  
    16:19
  • Monetizing a Hobby in Retirement
    According to BankRate, 23% of Americans 60-78 have a side-hustle. Maurie Backman says in an article by Kiplinger that this would help with two key areas in retirement planning: It provides us with something fulfilling to do after our primary career and provide a little extra cash in retirement.   The benefits of a side hustle: Mental Engagement Extra Income Social Connection Sense of Purpose The Pitfalls of a side hustle: Tax Complications Outspending your retirement budget in search of business profits Medicare Premium Creep (IRMAA) Lifestyle Clash Time Commitment Also in this episode, we discuss a listener's question about global stock allocations - and asks if I think it's better to own a global fund or to own US & international equity separately. How can one balance simplicity and effectiveness in their plan?  Resource:  Article by Maurie Backman: Monetizing a Hobby in Retirement: The Benefits and Pitfalls Article by Bankrate: https://www.bankrate.com/credit-cards/news/side-hustles-survey/   Connect with Benjamin Brandt Get the Retire-Ready Toolkit: http://retirementstartstodayradio.com Subscribe to the newsletter: https://retirementstartstodayradio.com/newsletter Work with Benjamin: https://retirementstartstoday.com/start Follow Retirement Starts Today in:Apple Podcasts, Spotify, Overcast, Pocket Casts, Amazon Music, or iHeart  Get the book!Retirement Starts Today: Your Non-financial Guide to an Even Better Retirement
    --------  
    18:03
  • Why Are So Many Retirees Filing for Social Security Early?
    --------  
    17:52
  • The Father of the 4% Rule - an Interview with Bill Bengen
    If you've been anywhere close to a retirement podcast over the last 10-20 years, you've heard of the 4% rule. And like many people, you might have questions about it. We're going to hear about it directly from the horse's mouth as we talk to Bill Bengen, who first articulated the 4% withdrawal rate as a rule of thumb for withdrawal rates from retirement accounts. The 4% rule is not a rigid rule but a guideline. Its application requires careful consideration of individual factors, including health, life expectancy, and specific financial circumstances. Bengen encourages retirees to tailor their withdrawal strategies based on their unique situations. Our discussion also explored required minimum distributions (RMDs), which may necessitate higher withdrawals in later years of retirement. However, Bengen suggests that for most people, RMDs would not exceed the calculated withdrawal rates until a very advanced age, making the two compatible. Core Points: The 4% rule, initially a worst-case scenario calculation, suggests a 4% annual withdrawal from retirement savings. This has since been refined Research indicates a more generous 4.7% withdrawal rate is now possible due to portfolio diversification and lower investment costs Higher withdrawal rates might be feasible (5-5.5%), depending on market valuations and inflation Early retirement withdrawal timing significantly impacts long-term success Consider individual circumstances, market conditions, and inflation when adjusting withdrawal strategies Resource: Pre-order Bill Bengen’s new book, "A Richer Retirement: Supercharging the 4% Rule to Spend More and Enjoy More" https://www.bengenfs.com/order-my-book Connect with Benjamin Brandt Get the Retire-Ready Toolkit: http://retirementstartstodayradio.com Subscribe to the newsletter: https://retirementstartstodayradio.com/newsletter Work with Benjamin: https://retirementstartstoday.com/start Get the book!Retirement Starts Today: Your Non-financial Guide to an Even Better Retirement Follow Retirement Starts Today inApple Podcasts, Spotify, Overcast, Pocket Casts, Amazon Music, or iHeart  
    --------  
    21:51

More Business podcasts

About Retirement Starts Today

Do you want to spend more money in retirement, while paying less taxes? Great news, you're in the right place! I'll also teach you the benefits of retiring TO something, while most retirees only solve half the equation by retiring FROM something. Tune in every Monday morning - hosted by Benjamin Brandt CFP, RICP. Join my "Every Day is Saturday" weekly newsletter for show notes, free book giveaways and other great retirement content: www.retirementstartstodayradio.com/newsletter
Podcast website

Listen to Retirement Starts Today, The Diary Of A CEO with Steven Bartlett and many other podcasts from around the world with the radio.net app

Get the free radio.net app

  • Stations and podcasts to bookmark
  • Stream via Wi-Fi or Bluetooth
  • Supports Carplay & Android Auto
  • Many other app features
Social
v7.21.1 | © 2007-2025 radio.de GmbH
Generated: 7/16/2025 - 2:07:48 PM