The Retirement Risk Show

Dave Hall, CPA

I want to help you eliminate the financial risk facing your retirement. No one is exempt. Many well-planned retirements can be ruined due to some risks. This podcast is your tool for the right education to get you not only to retirement, but help you get through retirement. 68% of retirees say their biggest fear is running out of money during the longest self-imposed unemployment time of their life. Let's help you eliminate as much risk as possible.

  1. 11h ago

    The 4 Tax Traps That Can Wreck a Retirement Plan

    In this episode, host Dave Hall of Retirement Risk Advisors breaks down the four biggest tax traps that quietly derail retirement plans — and the strategies to avoid them before they become irreversible mistakes.  For many retirees, taxes end up being the single largest cost of retirement — bigger than housing, healthcare, or even a long-term care event. Dave explains why decades of "save everything in your 401(k) and IRA" advice built up a tax bill many retirees don't see coming, how Required Minimum Distributions (RMDs) force you to pay an increasingly higher percentage of your account in taxes as you age, why the "Widow's Tax Penalty" catches so many surviving spouses off guard, and how capital gains and investment income are taxed differently than ordinary income — and why that matters for where you hold your investments.  Dave also covers practical strategies retirees can use, including Roth conversion planning, Qualified Charitable Distributions (QCDs), building a tax-efficient investment portfolio, and legacy planning moves that can help you pass more to your heirs tax-free.  Topics covered in this episode:  Why taxes may be the biggest expense of your retirement Tax Trap #1: Large pre-tax retirement accounts (401(k)s and IRAs) Tax Trap #2: Required Minimum Distributions (RMDs) Tax Trap #3: The Widow's Tax Penalty Tax Trap #4: How capital gains and investment income get taxed differently Roth conversion strategy, and how to think about which tax bracket to convert up to Qualified Charitable Distributions (QCDs) as a way to offset RMDs Why Roth IRAs and Roth 401(k)s have no required minimum distributions Building a tax-efficient retirement portfolio to reduce "tax drag" Legacy and estate planning: Roth vs. traditional retirement accounts for beneficiaries Retirement Risk Advisors helps retirees and pre-retirees build comprehensive, coordinated retirement plans — addressing investments, income, taxes, and legacy planning together instead of in separate silos. Learn more at retirementriskadvisors.com.  This episode is for informational purposes only and is not intended as legal, tax, or investment advice, or a recommendation of any particular security, investment product, or investment strategy. Investment advisory services are offered through AlphaStar Capital Management LLC, an SEC-registered investment adviser. SEC registration does not constitute an endorsement of the firm by the SEC, nor does it indicate that the adviser has attained a particular level of skill or ability. Fixed insurance products are offered through Retirement Risk Advisors; AlphaStar Capital Management is not involved in the offer, recommendation, sale, or management of commission-based fixed insurance products. AlphaStar Capital Management and Retirement Risk Advisors are separate and independent entities. Support the show Follow us on Instagram: @retirementriskadvisors Like us on Facebook: Retirement Risk Advisors

  2. Sep 11

    The Retirement Advice The Financial Industry Doesn't Want You to Hear

    Most retirement advice fixates on one number: your rate of return. But the risk that actually derails a retirement has almost nothing to do with your average performance — it's about when your losses happen. In this episode, CPA and retirement planner Dave Hall explains why structured income, not investment growth, is the real foundation of a secure retirement, and why the financial industry keeps the conversation focused on the wrong thing.  Dave breaks down sequence of return risk — the reason two retirees with the exact same average return and the exact same savings can run out of money 15 years apart, simply because of when the market dropped. He explains why the first 5 to 10 years of retirement are the highest-risk window you'll ever face, why most financial advisors are incentivized to keep your money invested and growing rather than spent down, and how guaranteed income can improve retirement outcomes by up to 30%. Dave also shares the 3-bucket, family-office-style income strategy his firm uses with clients, and the data on how guaranteed income changes not just financial security but how much retirees actually spend, give, and enjoy in retirement.  Whether you're a few years from retiring or already there, this episode will change how you think about what actually protects a retirement plan.  In this episode, you'll learn:  Why market returns are the wrong thing to focus on in retirement planning What sequence of return risk is, and why it can cost you 15+ years of retirement savings Why the first 5 to 10 years of retirement are the riskiest financial window you'll face Why financial advisors are incentivized to keep your money invested and growing, not spent down How guaranteed income can improve retirement outcomes by up to 30% Why retirees without guaranteed income spend about 50% less than they safely could, and how guaranteed income closes that gap to 85% The 3-bucket family office retirement structure: income, reserve, and legacy Why reducing the risk of failure, not maximizing returns, should be the real goal of your retirement plan The #1 fear most people carry into retirement, and how to plan around it About the host: Dave Hall is a CPA and retirement planner who has spent his career helping people move from a do-it-yourself, returns-focused approach to retirement toward a structured, family-office-style income plan built around reducing risk instead of chasing growth.  Connect with Dave and learn more about family office-style retirement planning: Website: https://retirementriskadvisors.com  Subscribe to The Retirement Risk Show so you never miss an episode on retirement income planning, sequence of return risk, guaranteed income strategies, and how to build a retirement plan that actually holds up.  Investment advisory services offered through Alphastar Capital Management LLC, an SEC registered investment advisor. SEC registration does not constitute an endorsement of the firm by the SEC, nor does it indicate the adviser has attained a particular level of skill or ability. Fixed insurance products are offered through Retirement Risk Advisors, and Alphastar Capital Management is not involved with the offer, recommendation, sale, or management of commission-based fixed insurance products. Alphastar Capital Management and Retirement Risk Advisors are separate and independent entities. This content is for informational purposes only and is not intended as legal, tax, or investment advice, or a recommendation of any particular security, investment product, or investment strategy.  Keywords: retirement planning, retirement income, sequence of return risk, guaranteed income, retirement risk, income planning, family office retirement planning, CPA retirement advisor, retirement income strategy, annuity income, retirement red zone, market downturn retirement  Support the show Follow us on Instagram: @retirementriskadvisors Like us on Facebook: Retirement Risk Advisors

  3. Sep 4

    Longevity Risk: The 91-Year-Old Who Scared Her Whole Family…

    Most retirement plans don't fail on day one — they fail in the middle, ten or fifteen years in, when it's too late to go back to work. In this episode of The Retirement Risk Show, host Dave Hall breaks down longevity risk, the retirement risk he ranks as the single biggest threat to a happy retirement in his book Getting Safely Through Retirement.  Dave starts with the story of a 91-year-old woman whose family called a police welfare check after she went two days without answering the phone — only to find she'd been fine the whole time, just too absorbed in a video game to check in. That story sets up the real topic: why the "average life expectancy" number you'll find online (around 79) is misleading once you've actually made it to 65, and why a healthy retired couple should be planning for one spouse to live into their 90s, not their late 70s.  From there, Dave explains why longevity isn't just one risk among many — it's a multiplier that makes inflation risk, market risk, and withdrawal risk worse with every extra year you live. He covers the retirement planning gap nobody talks about, the "independence illusion" that convinces retirees they're fine right up until they're not, how long-term care risk fits into the picture, and the silent tradeoff between overspending and underspending that traps most retirees who don't have a real plan. The episode closes with a practical framework: guaranteed income, built-in flexibility, reserves for the unexpected, and giving every asset in your portfolio a specific purpose.  If you're within a decade of retirement, already retired, or helping a parent plan for the years ahead, this episode will change how you think about how long your money actually needs to last.  Resources mentioned in this episode:  Getting Safely Through Retirement by Dave Hall — available at https://www.gstrbook.com/info  Learn more or schedule a consultation at https://www.retirementriskadvisors.com  New episodes of The Retirement Risk Show release weekly, covering the risks that actually derail retirement plans — longevity, inflation, market risk, sequence-of-returns risk, taxes, and long-term care — and how a holistic retirement plan addresses all of them together. Subscribe so you don't miss an episode.    Investment advisory services offered through Alphastar Capital Management LLC, an SEC-registered investment advisor. SEC registration does not constitute an endorsement of the firm by the SEC, nor does it indicate the adviser has attained a particular level of skill or ability. Fixed insurance products are offered through Retirement Risk Advisors, and Alphastar Capital Management is not involved with the offer, recommendation, sale, or management of commission-based fixed insurance products. Alphastar Capital Management and Retirement Risk Advisors are separate and independent entities. This podcast is for informational purposes only and is not intended as legal, tax, or investment advice, or a recommendation of any particular security, investment product, or investment strategy. Support the show Follow us on Instagram: @retirementriskadvisors Like us on Facebook: Retirement Risk Advisors

  4. Aug 28

    5 Retirement Decisions You Can Never Take Back

    5 Irreversible Retirement Mistakes: Social Security, Roth Conversions & Long-Term Care Planning  These are the retirement mistakes you only get to make once. On this episode of The Retirement Risk Show, retirement planner Dave Hall shares a story from early in his career — a real estate deal that taught him a hard lesson about due diligence — and uses it to introduce five irreversible retirement planning mistakes he sees again and again.  Dave covers:  Taking retirement income the wrong way, including why your Social Security claiming strategy matters, how claiming at 62 instead of waiting can mean a 76% cut in benefits, how to think through pension elections and lump-sum options, and how withdrawing from your portfolio during a down market can trigger sequence of returns risk.  Ignoring tax planning strategies, including how a Roth conversion strategy done early and managed annually can reduce lifetime tax drag, help you avoid IRMAA surcharges on Medicare, and protect your beneficiaries from a rushed 10-year withdrawal window.  Failing to plan for long-term care, including why 56% of retirees will face a long-term care event even though only 6% have done any long-term care planning, and when to self-insure versus buy a long-term care insurance product.  Relying too heavily on the stock market for retirement income, including how a lack of income diversity leaves retirees exposed to sequence of returns risk.  Lack of coordination across your retirement plan, including why an accountant, estate planning attorney, investment advisor, and insurance agent working in silos can quietly undermine an otherwise sound retirement plan.  If you're researching retirement planning, Social Security claiming strategies, Roth conversions, IRMAA, or long-term care insurance, this episode walks through all five.  To learn more or schedule a no-fee consultation, visit https://www.retirementriskadvisors.com.  Investment advisory services offered through Alpha Star Capital Management LLC, an SEC registered investment adviser. SEC registration does not constitute an endorsement of the firm by the SEC, nor does it indicate the adviser has attained a particular level of skill or ability. Fixed insurance products are offered through Retirement Risk Advisors, and Alpha Star Capital Management is not involved with the offer, recommendation, sale, or management of commission-based fixed insurance products. Alpha Star Capital Management and Retirement Risk Advisors are separate and independent entities. This content is for informational purposes only and is not intended as legal, tax, or investment advice, or a recommendation of any particular security, investment product, or investment strategy.  Support the show Follow us on Instagram: @retirementriskadvisors Like us on Facebook: Retirement Risk Advisors

  5. Aug 21

    Why 46% of Americans Die Without Enough Money for Retirement

    Why do most retirement plans fail? It's not bad investments — it's that the entire system changed in the 1970s, and nobody updated the plan. In this episode of the Retirement Risk Show, Dave Hall breaks down how retirement in America shifted from a pension-and-Social-Security "golden age" system to a do-it-yourself model built around the IRA (1974) and the 401(k) (1978) — and why that shift is the real reason 46% of Americans die without the money they need to get safely through retirement. Dave covers the four structural problems this created: the shrinking income floor (Social Security now covers only ~40% of retirement costs, down from near 100% for pension-era retirees), concentration risk (you're now the only one managing your own outcome), uncertain withdrawals (no one tells you exactly what you can safely spend), and the full shift of responsibility from employers to individuals. He also explains the three consequences retirees face as a result — losing the lifestyle they worked for, missing the window to maximize their legacy, and outliving their money — and walks through the three-part framework the ultra-wealthy use instead: guaranteed income, reserves for long-term care and short-term cash flow needs, and proactive legacy planning. Whether you're years from retirement or already in it, this episode lays out why the traditional approach falls short and what a more resilient plan looks like. Learn More @ https://www.retirementriskadvisors.com Support the show Follow us on Instagram: @retirementriskadvisors Like us on Facebook: Retirement Risk Advisors

  6. 12/27/2024

    The Necessity of a Thorough Financial Blueprint for Retirement

    As the New Year approaches, Dave brings back on Brian Britt to tackle essential year-end financial strategies to bolster retirement plans. In this episode offers a wealth of information and practical advice for those looking to assess their financial fitness and ensure their retirement roadmap is on point. Throughout the conversation, Dave and Brian explore key areas such as managing holiday expenses, setting realistic financial goals, and the importance of maintaining a detailed roadmap for retirement. Brian underscores the significance of having a clear plan, noting that people often lose their initial enthusiasm and drift away from their objectives without one. The discussion highlights the crucial role of regular check-ins with a fiduciary to keep the plan updated and capable of withstanding market downturns, rising taxes, or unexpected health issues. The episode delves into the critical impact of age and health on retirement planning. Brian and Dave explain the urgency of making certain financial moves while one is still young and healthy to avoid future complications. They stress that if listeners have been delaying contributions to their retirement plans or making Roth conversions, now is the time to act to maximize benefits and minimize future tax liabilities. Listeners will appreciate the deep dive into personalized financial strategies, as the hosts emphasize that the right plan is one that individuals can realistically commit to and follow through on. Dave and Brian also highlight the distinct difference between securing one’s own retirement lifestyle and planning for legacy. Whether it involves managing Social Security, executing Roth conversions, or ensuring that one’s legacy avoids unnecessary taxation, this episode provides actionable insights tailored to each unique situation. Support the show Follow us on Instagram: @retirementriskadvisors Like us on Facebook: Retirement Risk Advisors

  7. 11/29/2024

    The Numbers Are in for 2025: Social Security and Medicare

    This episode is a real treat--packed with foundational information for your 2025 retirement planning! Dave brings back Alisha Wright, and they delve deep into the pivotal Social Security and retirement planning aspects that every listener should know. The discussion starts with an exploration of the earnings test and how surpassing specified income thresholds can reduce benefits for the individual and their spouse and children. They shed light on the distinction between earned and passive income and why it's crucial to understand both when planning for retirement. Alisha and Dave also address the independence of retirement decisions from when to claim Social Security benefits, highlighting the benefits of having diverse assets to support flexible financial strategies. They debunk common misconceptions about Social Security, emphasizing that it’s not mandatory to claim upon retirement and that careful consideration of personal goals, health, and financial needs is vital. Dave shares his wisdom on balancing work and life, stressing the importance of planning a retirement that aligns with one's desired lifestyle rather than merely focusing on maximizing dollars. The episode also covers essential updates for 2025, such as a $2,000 cap on out-of-pocket expenses for prescription drugs under Medicare Part D, and changes in Medicare premiums tied to income thresholds. Listeners are encouraged to take advantage of educational resources available on SSA.gov and to consider personalized meetings with retirement advisors for tailored advice. With a nod to the complexities of Social Security, Alisha and Dave underscore the value of strategic planning and guidance from professionals to navigate these waters effectively. Support the show Follow us on Instagram: @retirementriskadvisors Like us on Facebook: Retirement Risk Advisors

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About

I want to help you eliminate the financial risk facing your retirement. No one is exempt. Many well-planned retirements can be ruined due to some risks. This podcast is your tool for the right education to get you not only to retirement, but help you get through retirement. 68% of retirees say their biggest fear is running out of money during the longest self-imposed unemployment time of their life. Let's help you eliminate as much risk as possible.

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