Retirement Planning - Money Not Math

Drew Erickson
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I love to help people have more confidence in their financial future. My mission is to provide the highest quality advice and service possible to my clients. Therefore, I limit myself to 100 active clients or less at all times that I have a fiduciary responsibility to. If you are interested in scheduling a 15-minute call to ask questions and determine if it might make sense for us to work together, please use this link to do so at your convenience, https://form.jotform.com/240425716309151 My core Values are Family, Faith, Finances, Fitness, Friends and Fun.

  1. 12/23/2025

    ✅ When Does It Make Sense to Say “Yes” to a Roth Conversion? Money Not Math – Episode 168

    Roth conversions can be a powerful tax planning tool—but they’re not right for everyone. In this episode, we explore five situations where a Roth conversion might make sense, including: ✔ A lower-than-normal tax year ✔ Expecting tax rates to rise ✔ Having a long-time horizon before needing funds ✔ Reducing future Required Minimum Distributions (RMDs) ✔ Lowering the tax burden for your heirs We’ll also walk through a hypothetical example of a couple retiring at 65 with $1M in a Traditional IRA with Social Security income to show how these factors can play out in real life. #RetirementPlanning #RothConversion #TaxPlanning #MoneyNotMath #FinancialEducation #RetirementReady #TaxSmart #EmptyNestPlanning #WealthManagement #FinancialConfidence #RetireConfidently #5StoneFinancialGroup Disclaimer, this content is not legal, tax, or investment advice. You should always consult a qualified professional regarding your personal situation. I am a licensed fiduciary financial advisor and not a CPA.

    12 min

  2. 12/16/2025

    Roth Conversions: Why They Matter for Your Retirement | Money Not Math 167

    Would you rather pay taxes now or later? For many retirees, that question can make a big difference in your financial future. In this episode of Money Not Math, we break down Roth conversions—what they are, why they matter, and key considerations before making a move. What you’ll learn: ✔ What a Roth conversion means ✔ Potential benefits like tax-free withdrawals and no RMDs ✔ Important factors to consider before converting At 5 Stone Financial Group, we help empty nesters create tax-smart retirement strategies. If you’re wondering whether a Roth conversion fits your plan, schedule a conversation today: https://outlook.office.com/book/Gb122ad25bf0742de9ef95f26af89fd04@5stonefinancial.com/s/ytXDEtRh0E-29mrENW6_Uw2?ismsaljsauthenabled Disclaimer: This podcast is for educational purposes only and is not intended as personalized investment advice. All investing involves risk, including the potential loss of principal. Tax laws are subject to change, and individual circumstances vary. Before making any financial decisions, consult with a qualified tax or financial professional.

    3 min

  3. 12/08/2025

    Does Long-Term Care Insurance Add Up? What Empty Nesters Need to Know. Money Not Math 166

    Are you an empty nester wondering if long-term care insurance is worth the cost? In this video, we break down the numbers, the pros and cons, and what it means for your retirement plan. Long-term care expenses can be one of the biggest risks to your financial future. Whether you’re considering insurance or self-funding, the right choice depends on your goals, health, and assets. If you have $300,000 or more in investable assets and want clarity on how long-term care fits into your retirement strategy, schedule a complimentary consultation today: 👉 https://outlook.office.com/book/Gb122ad25bf0742de9ef95f26af89fd04@5stonefinancial.com/s/ytXDEtRh0E-29mrENW6_Uw2?ismsaljsauthenabled What You’ll Learn in This Video: ✔ How much long-term care really costs ✔ Pros and cons of long-term care insurance ✔ Why your financial plan matters more than averages Disclaimer: Investment advisory services offered through 5 Stone Financial Group, a registered investment advisor. This video is for educational purposes only and not individualized advice.

    3 min
  4. Do retirees really run out of money? Money Not Math 165

    11/24/2025

    Do retirees really run out of money? Money Not Math 165

    According to a Forbes article by Andrew Biggs (“Half of Retirees Will Run Out of Money—That’s the Good News”), about 50% of retirees will deplete their retirement savings during their lifetime. But here’s the twist: most retirees still have Social Security, which pays for life with cost-of-living adjustments. The real risk isn’t being penniless—it’s losing the ability to maintain your desired lifestyle. In Money Not Math Episode 165, I break down what this means for your retirement and why planning matters. #MoneyNotMath#RetirementPlanning #FinancialConfidence #RetireConfidently #Confidence#Retirement #5StoneFinancialGroup 📖 Article referenced: https://www.forbes.com/sites/andrewbiggs/2024/08/12/half-of-retirees-will-run-out-of-money-thats-the-good-news/ Disclaimer, this content is not legal, tax, or investment advice. You should always consult a qualified professional regarding your personal situation.

    8 min

  5. 11/10/2025

    🎙️ What Does Retirement Income with $500,000 in an IRA or 401k + Social Security Look Like? Money Not Math 162

    In this episode, I walk through a hypothetical retirement scenario for a couple with: 💼 $500,000 in an IRA 📄 Two average Social Security incomes of $1,883/month each We explore: 🔍 How different asset allocations may influence income sustainability 📊 The impact of Social Security timing strategies 💡 Tax considerations that affect net retirement income 🧭 Spending approaches that align with long-term retirement goals 📲 Tune in to learn how informed decisions can support confident retirement living. Thank you for taking the time to watch or listen to today’s Money Not Math episode. If you found it valuable, please: 🔁 Share it with a friend 📢 Post it on your social media 💬 Comment with a question or thought Or, if you’d prefer to connect privately or schedule a meeting, feel free to reach out directly. 📌 Disclaimer: This content is for educational purposes only and is not legal, tax, or investment advice. Always consult a qualified professional regarding your personal situation. Average social security income information for a 67-year-old was according to google. Those numbers vary depending on your situation and the source of the information. #MoneyNotMath #RetirementEducation #FinancialLiteracy #SocialSecurity #IRAPlanning #TaxStrategy #FinancialAdvisor #EmptyNesters #RetireConfidently

    20 min

  6. 10/30/2025

    Two Doors. One Choice. Which Will You Pick? Money Not Math 164

    Two Doors. One Choice. Which Will You Pick? Copy:Retirement comes down to two outcomes:🚪 Door #1: Your money outlives you → Dignity. Independence. Legacy.🚪 Door #2: You outlive your money → Dependence. No legacy. The difference? A Plan.We help you build a strategy that gives you the best chance at Door #1.Free, no-obligation consultation. 👉 Ready to choose your door? Message us today. #RetirementPlanning #LegacyPlanning #WealthManagement #MoneyNotMath #5StoneFinancialGroup #FiduciaryAdvisor

    9 min

  7. 09/23/2025

    🎙️ “$1M and 65 Years Old — Is It Enough to Retire?” Money Not Math Episode 163

    “I’ll be 65 this year. I’ve saved diligently and built up a $1 million 401(k). I’m expecting a $500,000 inheritance. I spend up to $6,000 a month. So, here’s the big question: Can I retire on January 1st, 2026?” In this episode, we walk through a real-world retirement scenario — and without making any guarantees or recommendations. You’ll learn: ✅ Why when you retire matters ✅ How Long-Term Care and medical costs can impact your future ✅ The role of Asset Allocation, Social Security, Tax, and Spending Strategies in shaping your retirement experience This is not financial advice — it’s education. Because money is not math, and there’s so much more to retirement planning than just numbers. 👉 If this sounds like your situation — or if you’re wondering whether your retirement plan is truly ready — let’s talk. I help people like you turn uncertainty into clarity every day. 📩 Email me at drew@5stonefinancial.com 🔁 Share this episode with someone who needs it 💬 Comment with your thoughts or questions ________________________________________ Disclaimer: This content is not legal, tax, or investment advice. You should always consult a qualified professional regarding your personal situation. #MoneyNotMath #RetireConfidently #RetirementPlanning #FinancialEducation #EmptyNesterFinance #RetirementReady #FinancialClarity #LongTermCarePlanning #SocialSecurityStrategy #TaxSmartRetirement #AssetAllocationMatters

    18 min

  8. 07/15/2025

    How the Big Beautiful Bill Could Save You Thousands 🎧 Money Not Math #161 – Retire Smarter in 2025

    If you're 65 or older—or planning for retirement—this episode breaks down how new legislation could reduce your taxable income and potentially eliminate taxes on your Social Security benefits. 📌 Topics include: 2025 standard deduction increases Social Security tax relief Income limits and sunset clauses Strategic planning tips for retirees 📞 This podcast is for informational purposes only and does not constitute personalized financial, legal, or tax advice. 📩 Contact: drew@5stonefinancial.com #Retirement #TaxPlanning #MoneyNotMath #FinancialLiteracy

    6 min
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About

I love to help people have more confidence in their financial future. My mission is to provide the highest quality advice and service possible to my clients. Therefore, I limit myself to 100 active clients or less at all times that I have a fiduciary responsibility to. If you are interested in scheduling a 15-minute call to ask questions and determine if it might make sense for us to work together, please use this link to do so at your convenience, https://form.jotform.com/240425716309151 My core Values are Family, Faith, Finances, Fitness, Friends and Fun.

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