37 episodes
Financial Breakaway: Your Clear Path to Retirement Ryan Hitchcock
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- Business
The Financial Breakaway Podcast is your guide to breaking free from the confusion of the financial world and unlocking your path to a more confident retirement plan. Join me as I look to empower mid-career to retirement-aged individuals, just like you, through engaging conversations about what retirement means to you and then how to build a retirement plan that fits.
While crucial topics like investing strategies, tax planning, withdrawal strategies, and social security will be discussed, I believe that your personal goals, desires, and lifestyle are equally vital. In this podcast, I’ll help you bridge the gap between financial strategies and your individual aspirations, merging the two to create your very own ”financial breakaway.”
----------1200 N. Mayfair Rd, Ste. 300, Milwaukee, WI 53226 414-253-4600. Securities and investment advisory services offered through Osaic Wealth, Inc., member FINRA (www.finra.org) SIPC (www.sipc.org). Osaic Wealth separately owned and other entities and/or marketing names, products or services referenced here are independent of Osaic Wealth. Osaic Wealth does not provide tax or legal advice. This communication is strictly intended for individuals residing in states of CO, FL, GA, MI, MN, MO, MT, NC, TX, and WI. No offers may be made or accepted from any resident outside the specific state(s) referenced. PLEASE NOTE this information being provided is strictly as a courtesy.
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Tax Mastery in Retirement: Strategies for Successful Planning
Imagine a retirement filled with beach strolls and golf
course mornings. But lurking in the backdrop is an often underestimated challenge: Taxes! This uninvited guest can cast a shadow over your financial dreams, but you're not alone. On today's episode of "Financial Breakaway," we're turning tax confusion into tax mastery.
We'll skip the dry numbers and dive into actionable strategies to help you keep more of your hard-earned savings. You'll learn how to dance around tax pitfalls with ease and ensure your retirement is as golden as you've envisioned.
Topics Discussed:
Understanding Retirement Income Sources & Its Tax Implications: Dive into the differences between tax-deferred and tax-free accounts, and see how your pensions, annuities, and investments interact with your tax bill.
Cory & Claire’s RMD Cliffhanger: Discover how to handle Required Minimum Distributions without tipping your income into a higher tax bracket.
Mike & Mary’s State Swap Strategy: Learn how moving states could significantly reduce your tax obligations on Social Security and more.
Dave & Dawn’s Deduction Dive: Explore advanced deduction strategies to maximize your returns and minimize your taxable income.
Every scenario and strategy is tailored to empower you with the knowledge to navigate the taxing waters of retirement confidently.
Let’s get into it.
Ryan Hitchcock
Financial Planner
High Point Capital Group
Direct: 414-253-4611
rhitch@hpcg.com
Investing involves risk including the potential loss of
principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values. Past performance is not a guarantee of future results.
Securities and investment advisory services offered through Osaic, Wealth, Inc. member FINRA/SIPC. Osaic Wealth is separately owned and other entities and/or marketing names, products or services referenced here are independent of Osaic Wealth.
1200 N. Mayfair Rd., Suite 300, Milwaukee, WI 53226.
Phone: 414-253-4600. -
The Presidential Election and Its Effects on Your Money and Retirement Plan
We currently find ourselves amid a presidential election year (whether we like it or not), and political headlines already dominate the news, sparking questions and concerns about how election outcomes might impact retirement and investment plans.
As a Financial Planner, I often get clients coming to me and asking how the elections may affect their portfolios or retirement savings. And it's safe to say I've heard all the theories, and I mean all the theories, about who's better or who's worse for the markets.
It's a crazy time for everyone, but it's crucial to approach these times with clarity and confidence.
In this episode, I want to focus on the facts instead of getting caught up in political debates. I want to help retirees and soon-to-be retirees navigate these turbulent times and stay on a steady path toward their financial goals.
So, let's dive in.
Ryan Hitchcock
Financial Planner
High Point Capital Group
Direct: 414-253-4611
rhitch@hpcg.com
Investing involves risk including the potential loss of
principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values. Past performance is not a guarantee of future results.
Securities and investment advisory services offered through Osaic, Wealth, Inc. member FINRA/SIPC. Osaic Wealth is separately owned and other entities and/or marketing names, products or services referenced here are independent of Osaic Wealth.
1200 N. Mayfair Rd., Suite 300, Milwaukee, WI 53226.
Phone: 414-253-4600. -
Navigating the Markets: A Discussion with Economist Bryce Gill
In this episode, I talk with Economist Bryce Gill of First Trust Portfolios on pivotal market trends of 2023 and look ahead to what 2024 holds for investors. Tune in for a rich discussion on the stock and bond markets, recession risks, and the intricate relationship between the markets and the economy.
Topics discussed:
Insights into 2023's stock market, featuring the 'Magnificent 7' stocks
Market outlook for 2024
Analyzing the potential risks of recession
Deciphering the differences between market trends and economic health
Understanding the volatile nature of the bond market and
interest rates
The delicate balance of the housing market
Insights into the plunge into Money Market Funds
Ryan Hitchcock
Financial Planner
High Point Capital Group
Direct: 414-253-4611
rhitch@hpcg.com
Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values. Past performance is not a guarantee of future results.
Securities and investment advisory services offered through Osaic, Wealth, Inc. member FINRA/SIPC. Osaic Wealth is separately owned and other entities and/or marketing names, products or services referenced here are independent of Osaic Wealth.
1200 N. Mayfair Rd., Suite 300, Milwaukee, WI 53226. Phone: 414-253-4600. -
Social Security Essentials: 3 Must-Know Topics for Effective Retirement Planning
Join me on this episode of the Financial Breakaway Podcast as we dive deep into "Social Security Essentials: 3 Must-Know Topics for Effective Retirement Planning." As you near retirement, it's crucial to understand the intricacies of Social Security and how it fits into your overall financial plan. I'll guide you through the complexities and strategies to make the most of your Social Security benefits.
In this episode, we'll cover:
• 🕒 My insights on the Optimal Claiming Age: Weighing the benefits of claiming early versus delaying, tailored to your unique situation.
• 👫 Strategies for Coordinating Spousal Benefits: I'll show you how couples can maximize their combined retirement income through smart planning.
• 💰 Techniques for Managing Social Security Taxation: I'll share ways to handle and potentially reduce the tax impact on your Social Security benefits.
By the end of our time together, you'll have a clearer understanding of how to approach these essential Social Security decisions, setting you up for a more secure and confident retirement. Join me to unlock these vital retirement planning strategies!
Ryan Hitchcock
Financial Planner
High Point Capital Group
Direct: 414-253-4611
rhitch@hpcg.com
Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values. Past performance is not a guarantee of future results.
Securities and investment advisory services offered through Osaic, Wealth, Inc. member FINRA/SIPC. Osaic Wealth is separately owned and other entities and/or marketing names, products or services referenced here are independent of Osaic Wealth.
1200 N. Mayfair Rd., Suite 300, Milwaukee, WI 53226. Phone: 414-253-4600. -
Structuring Your Retirement Portfolio with the Bucket Approach
Join me as I help unlock the secrets of the "Bucket Approach" to retirement planning. After decades of diligent savings, are you prepared to transition from the accumulation phase of your life to the distribution phase? This episode sheds light on the challenges retirees face and offers a structured solution to ensure your investments serve you effectively throughout your golden years.
Dive into:
• 📈 The shift from career mode to retirement mode and its challenges.
• 💡 Basics of the "Bucket Approach" and its advantages in retirement planning.
• 🛠️ Constructing and maintaining your investment buckets: short-term, intermediate, and long-term.
• 🔄 The importance of regular reviews and rebalancing to adapt to changing market conditions.
Ryan Hitchcock
Financial Planner
High Point Capital Group
Direct: 414-253-4611
rhitch@hpcg.com
Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values. Past performance is not a guarantee of future results.
Securities and investment advisory services offered through Osaic, Wealth, Inc. member FINRA/SIPC. Osaic Wealth is separately owned and other entities and/or marketing names, products or services referenced here are independent of Osaic Wealth.
1200 N. Mayfair Rd., Suite 300, Milwaukee, WI 53226. Phone: 414-253-4600. -
Cracking the Retirement Code: How Much Do You Need to Retire?
Join me in this episode as I unravel the mystery behind retirement planning by addressing the fundamental question: "How much do I need to retire?" I dive into the complexities of retirement income planning and offer a unique perspective on determining your retirement needs.
By examining the three distinct stages of retirement—Go-Go, Slow-Go, and No-Go—I provide a framework for understanding the changing financial demands of each phase. Gain valuable insights on how to align your financial resources with your evolving lifestyle goals, ensuring a fulfilling and secure retirement.
Get ready to navigate the path to financial freedom and unlock the key to retirement success.
Ryan Hitchcock
Financial Planner
High Point Capital Group
Direct: 414-253-4611
rhitch@hpcg.com
Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values. Past performance is not a guarantee of future results.
Securities and investment advisory services offered through Osaic, Wealth, Inc. member FINRA/SIPC. Osaic Wealth is separately owned and other entities and/or marketing names, products or services referenced here are independent of Osaic Wealth.
1200 N. Mayfair Rd., Suite 300, Milwaukee, WI 53226. Phone: 414-253-4600.
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