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225 episodes
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Ready For Retirement James Conole, CFP®
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- Business
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4.9 • 614 Ratings
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Ready For Retirement is the podcast dedicated to helping you learn the tips and strategies that will help you achieve your retirement goals. When it comes to retirement planning, it can quickly become overwhelming and easy to not take action. I designed this podcast because I want you to have the knowledge and confidence to create your secure retirement. My ultimate goal for all of my clients (and listeners) is to create peace of mind and that starts with having a strategy. I want you to spend more time thinking about what matters most to you in retirement. I post weekly episodes to keep you up-to-date on all the best tips and strategies to create a retirement that excites you. Everything from investing tips, tax planning, withdrawal strategies, insurance planning, Social Security, and that's just the start! Let's help you maximize your return on life. We use your money and the strategies I share in this podcast to do just that!
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Pre-Retirement Tax Planning: Things to Know to Save Big in Retirement
Retirement tax planning should begin well before retirement. Listener Jodie, with over $2 million in assets in various types of accounts, is concerned about the high tax bracket she anticipates she be in in retirement. Is there a tax strategy that would put her in a lower tax bracket? James explores some often-overlooked tax strategies that can save retirees thousands in retirement, especially for those like Jodie with diverse portfolios.Questions answered:How could my home be part of m...
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Social Security Demystified: Calculating Taxation, Provisional Income, and the Tax Torpedo
Listener Michael asks about how Social Security is taxed, the rationale behind the 50% and 85% tax thresholds, and the implications of these taxes on Social Security and IRA withdrawals.James responds by explaining how Social Security is taxed at the federal level, highlighting the concept of provisional income and the thresholds that determine the taxability of benefits. He notes state taxation of Social Security, explaining that most states do not tax these benefits and naming the ones that...
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The Roth Conversion Sweet Spot: Maximize Retirement Savings (And Avoid Costly Mistakes)
Listener Nael opens up a discussion about Roth conversions. There are benefits to doing Roth conversions, but can you do too many? Are there any downsides to Roth conversions?Reaping the tax benefits from Roth conversions requires hitting a specific sweet spot. If you convert too little or too much, you’ll be leaving money on the table. So, how do you find Roth-conversion the sweet spot? James lays out five things you should consider as you plan when and how much to convert:1. Macro and ...
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How to Estimate Your Tax Bill in Retirement (And How to Pay it)
David has a question about taxes in retirement: When you’re retired and no longer getting a regular paycheck from which your employer withheld tax payments on your behalf, how do you estimate the taxes you’ll owe? To answer this question, it’s important to understand where income in retirement will be coming from and how that income is taxed. Once you have an idea of what you’ll owe, you need to make estimated tax payments throughout the year. James explains how Social Security, wit...
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Retirement Income Strategies: IRA vs. Brokerage Withdrawals (The Tax-Smart Choice for Retirees)
Mark asks a common question – What should I do regarding my withdrawal strategy? Should I first pull from my brokerage account or my IRA? There is no one-size-fits-all answer, but James provides a framework for creating a strategy to increase your odds of getting the most out of your money saved. He walks through the pros and cons of first pulling from your IRA versus a brokerage account, taking into consideration required distributions, tax rates and strategies, capital gains, Roth conv...
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The Four Phases of Retirement with Dr. Riley Moynes
Dr. Riley Moynes, author and creator of a popular TED Talk joins James to discuss his own retirement which led him to become the author of The 4 Phases of Retirement. While Dr. Moynes was financially prepared for retirement, he wasn’t prepared for the boredom and depression that followed the first two years of retirement fun. As it turns out, his retirement path was far from unusual. Dr. Moynes shares what leads to a truly meaningful retirement and how you can prepare now for a meaningfu...
Customer Reviews
Concise and clear
Compared to other personal finance / retirement planning podcasts I listen to where hosts sometimes ramble or don’t give specific examples, James’ podcasts are so much more helpful. I appreciate the way James always models situations and presents a framework, walking through specific scenarios - this actually helps me learn and makes things clear.
Understanding Retirement Complexities
James looks like a youngster (to me at 70), but he has a vast amount of information about financial planning specifically regarding retirement. I have always done all of my own financial work…taxes, investing, etc. and I have listened to every financial retirement podcast out there. James is so clear when he explains ideas, strategies, investing, taxes, etc. Even for someone who knows a lot about these subjects, these can be very complex. He has an amazing grasp of it all, but he is able to explain it all in detail and very clearly (like nobody else). Highly recommend whether you are a beginner (don’t worry, he goes over most subjects multiple times and you can listen to old podcasts) or an expert.
Worthwhile
This has become my favorite financial/retirement podcast due to the astonishing amount of information Mr. Canole so generously provides. I personally am not looking for the entertainment factor, so I appreciate his ability to stay relevant and concise in each and every show.