Retirement Planning Is Harder Than It Used To Be (Part 2‪)‬ Plan With The Tax Man

Every generation likes to talk about how much harder things used to be when they were kids. Like all of the people who used to have to walk five miles to school, in the snow, uphill both ways. But they had at leastone thing that was EASIER…and that was retirement planning. Let’s continue our conversation about why on today’s episode.
 
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Transcript: 
Marc Killian  00:00
On the prior podcast we talked about every generation likes to talk about how things were harder for them than it is now. And we're gonna continue our conversation with retirement planning. Is it harder than it used to be? Here on this episode of planet tax man with Tony Morrow? Look up in the sky? It's a bird.
 
Announcer 2  00:19
It's a plane. No, it's the tax man. He may not be a superhero. But Tony Morrow has saved many retirement plans with his extreme knowledge of tax planning strategies. It's time for a plan with the tax man. Hey,
 
Marc Killian  00:33
folks, Welcome to part two here have a conversation on is retirement planning harder today than it used to be? And I think in a lot of ways, we've certainly in the first half, we've ascertained that Yeah, it definitely is. But there's also some things that do make it easier. And I'm sure that's going to continue to be the theme throughout this episode, as well. But we certainly appreciate you and welcoming you into the podcast. And if you did not check out the prior one, feel free to do so you don't have to listen to one day to enjoy the other. But it's certainly not a bad idea. And of course, you can do so by simply subscribing to the podcast playing with the tax ban on Apple or Spotify or Google whatever platform you like to use a simply just stop by Tony's website to find those links and to take yourself right there and check out the tools tips and resources at your planning proz.com. That's your planning proz.com. Of course, you can always just type playing with the tax man in the search box of whatever app you like using as well. Funny, my friend what's going on, buddy? How are you this week?
 
Tony Mauro  01:30
I'm doing good, you know, in the throes of tax season and dealing with a lot of that, you know, but so far, it's been rough, smooth filing? Yeah,
 
Marc Killian  01:39
yeah, for sure. And it's late February. So did you were you good? Did you to take care of things for Valentine's Day, get your wife something nice or give her some flowers or anything?
 
Tony Mauro  01:49
We did do that. And we went out to eat this year, which was a little bit of a change. And so we enjoyed it. Yeah, it was but pretty pretty laid back and casual. Yeah,
 
Marc Killian  01:57
for sure. Well, I hope everybody had a good holiday or good Valentine's Day. I don't know if it's, I guess it's a holiday at this point. But but let's get into our conversation here on the next five of our conversation around, you know, is retirement planning harder. So let's go with number six here, healthcare costs, man, this has to be a no brainer, it's clearly back then it had to be a lot easier. Now we're facing massive escalating costs here. But we do have better technology for longer life, which is going to tie into another one here in a little bit. But, you know, again, it's all kind of this weird, double edged sword, we have way more tech and way more stuff. That's good, you know, for our healthcare side, but it is not cheap.
 
Tony Mauro  02:36
It's not cheap. You know, and I forgot to mention this on the last episode, but I thought about it after we had gotten off. But now that we're talking about, you know, we're in our 50s is, do you ever stop and think about? Boy, I'm so glad I'm not, you know, young and just starting out anymore, you know, because you always feel like after they got it, they're gonna have it really hard. And I wonder if our parents thought that two way back in their day, but we we survive, you