165 episodes

Retirement is the plan. You worked hard to get where you are, now have a retirement that works hard for you.

If you want to achieve… confidence, peace of mind, control of your future, a rock-solid income plan, financial freedom, and unrestricted options in retirement this show is the right one for you! Retirement is approaching and you can’t afford to make mistakes with your money. In the back of your mind, there are concerns about what happens if there is another financial downfall as you are getting closer to having the life you have always dreamed about.

Radon Stancil, CFP®, and Murs Tariq, CFP® are dedicated to guiding you through knowing what questions to ask and what information to gather in order to feel 100% confident about your retirement plan. For more information visit: https://pomwealth.net/podcast

Secure Your Retirement Radon Stancil, CFP® & Murs Tariq, CFP®

    • Business
    • 5.0 • 229 Ratings

Retirement is the plan. You worked hard to get where you are, now have a retirement that works hard for you.

If you want to achieve… confidence, peace of mind, control of your future, a rock-solid income plan, financial freedom, and unrestricted options in retirement this show is the right one for you! Retirement is approaching and you can’t afford to make mistakes with your money. In the back of your mind, there are concerns about what happens if there is another financial downfall as you are getting closer to having the life you have always dreamed about.

Radon Stancil, CFP®, and Murs Tariq, CFP® are dedicated to guiding you through knowing what questions to ask and what information to gather in order to feel 100% confident about your retirement plan. For more information visit: https://pomwealth.net/podcast

    How to Plan for Inflation in Retirement

    How to Plan for Inflation in Retirement

    How does inflation affect your retirement? We’re currently experiencing high inflation due to a number of reasons and it’s only wise to know how to plan for it in retirement.
    In this episode of the Secure Your Retirement podcast, we talk about the current inflation rate, its causes, and how to protect yourself in retirement over a glass of Chardonnay la crema wine. We explain why the current inflation is short-term, why you should consider having an active retirement approach, and a Roth conversion.
    Listen in to learn how to have a worry-free retirement plan by ensuring you have the cash, growth, and income buckets.
    In this episode, find out:
    The low supply chain issues causing the current high inflation rate.
    Why you don’t need to be alarmed by the current high inflation because it’s short-term.
    How to protect yourself against inflation by having an active investment approach.
    The two scenarios that exist for you if your retirement plan is tight during inflation.
    Understanding past inflation data and why we believe it’s going to come back to normal.
    The different ways you can prepare your spending plan as a retiree during inflation.
    How to have a worry-free retirement plan by ensuring you have the cash, growth, and income buckets.
    Why you should consider a Roth conversion to have a tax-free vehicle to tap into in retirement.
    Talk to an advisor to understand the tax implication of a Roth conversion before going for one.

    Tweetable Quotes:
    “Having an active approach can get you out of harm's way in certain scenarios…rather than just having a buy and hold mentality.”- Murs Tariq
    “If you want to have a peace of mind retirement or a worry-free retirement plan, make sure that you have the cash, growth, and income buckets.”- Radon Stancil

    Resources:
    If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!
    To access the course, simply visit https://pomwealth.net/3-keys-to-secure-your-retirementlp/ (POMWealth.net/podcast.)

    • 25 min
    Steven Jarvis - Mid-Year Tax Strategies

    Steven Jarvis - Mid-Year Tax Strategies

    Are you committed to having a tax-planning conversation outside the tax season? The only way to win in the tax game is to have a proactive approach when it comes to tax planning.
    It’s important to be committed to having some kind of tax-planning conversation on any topic, especially with a professional outside of the traditional tax period.
    In this episode of the Secure Your Retirement podcast, we have Steven Jarvis, a CPA, owner of Retirement Tax Services, the host of Retirement Tax Podcast, and is knowledgeable in tax planning. We discuss the benefits of tax planning and a few ways how you can get intentional to avoid paying more tax than needed.
    In this episode, find out:
    The importance of tax planning to avoid the pain of the tax-paying experience.
    How (QCDs) can lower your taxable income even when taking standard deductions.
    How doing a QCD can help you pay lower premiums for Medicare.
    The benefits of the donor-advised fund, allowing lumping of multiple years of charitable contributions into a single year.
    Why you should consider getting your money into a tax-free bucket according to your tax bracket.
    The reasons why you should or shouldn’t consider doing a Roth conversion.

    Tweetable Quotes:
    “Everyone should consider a Roth; it does not mean anyone should do one.”- Radon Stancil
    “If you have any concerns that tax rates might go up, getting dollars into a tax-free bucket is going to set you up for success.”- Steven Jarvis
    “The only way we get ahead with tax planning is if we have an intentional approach.”- Steven Jarvis

    Get in Touch with Steven:
    Website:https://retirementtaxservices.com/ ( https://retirementtaxservices.com/)
    LinkedIn:https://www.linkedin.com/in/steven-jarvis-cpa-ba91aa23/ ( https://www.linkedin.com/in/steven-jarvis-cpa-ba91aa23/)

    Resources:
    If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!
    To access the course, simply visit https://pomwealth.net/3-keys-to-secure-your-retirementlp/ (POMWealth.net/podcast.)

    • 27 min
    401k Versus IRA

    401k Versus IRA

    Do you understand the difference and similarities between 401ks and IRAs? How can you make the two or one make sense for you as your retirement plan?
    Both 401ks and IRAs are set up to encourage you to plan for your retirement, and you should have an analysis and a conversation on which one is good for you. But when you have the opportunity, moving from a 401k to an IRA gives you more flexibility and investment options.
    In this episode of the Secure Your Retirement podcast, we talk about the differences and similarities between 401ks and IRAs. Listen in to learn how you can move your 401k funds into an IRA and its benefits.
    In this episode, find out:
    ● A 401k is an employer-sponsored retirement plan, and an IRA is an individual retirement account.
    ● The pre-tax (traditional) 401k or IRA and the tax-free option (Roth).
    ● The difference between pre-tax and Roth 401ks/ IRAs and the tax benefits of each.
    ● The two major benefits of a 401k in terms of how it can be funded.
    ● In-service rollover - when you can move your 401k funds into an IRA and the benefits.
    ● A strategy on how we can access your 401k and make trades on your behalf.
    ● The simple process of doing an in-service rollover to move you from a 401k to an IRA.
    Tweetable Quotes:
    ● “On the funding side, 401ks typically are going to allow you to put in much more money than an IRA.” -Murs Tariq
    ● “In general, as long as you’re employed with the company, you cannot move from the 401k to an IRA.” - Radon Stancil
    Resources:
    If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!
    To access the course, simply visit https://pomwealth.net/3-keys-to-secure-your-retirementlp/ (POMWealth.net/podcast.)

    • 19 min
    How Required Minimum Distributions and QCDs Work?

    How Required Minimum Distributions and QCDs Work?

    When it comes to taking your money out of your IRAs and 401ks after retirement age, you might need to understand the terms RMDs and QCDs.
    At age 72, you’re required to start taking distributions out of your 401k and IRAs with a formula based on your life expectancy. The key here is to be tax-efficient or even go tax-free in any way you can without breaking the law.
    In this episode of the Secure Your Retirement podcast, we take you through the Required Minimum Distributions and Quality Charitable Distributions. Listen in to learn how to save on tax by taking your money out of an IRA/401k and doing a Roth conversion if you’re 65 and retired.
    In this episode, find out:
    The formula to calculate your distributions which you’re required to start taking based on your life expectancy.
    Taking out your RMDs in the year you turn 72 and the consequences of deferring your first RMD.
    Understand that you can withhold tax for RMDs plus the frequency in which you take your RMDs.
    Understanding how any pre tax asset that is subject to RMDs is calculated.
    Why take money out of your IRA/401k and do a Roth conversion if you’re 65 and retired to save on tax.
    Where to take the RMD money from when you have several IRAs and 401ks.
    Quality Charitable Distributions (QCDs) – qualifying to take your IRA money tax-free at age 70 and a half.
    How to avoid paying tax or doing it efficiently on your RMD through the QCD strategy.

    Tweetable Quotes:
    “At age 72, you’re required to start taking distributions out of your 401k” - Radon Stancil
    “It’s perfectly legal to defer your first and only RMD, after that, it must be all completed by 12/31 of the calendar year.”- Murs Tariq

    Resources:
    If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!
    To access the course, simply visit https://pomwealth.net/3-keys-to-secure-your-retirementlp/ (POMWealth.net/podcast.)

    • 21 min
    6 Considerations for Your Estate Plan

    6 Considerations for Your Estate Plan

    When it comes to estate planning, some things are essential and required at all times to simplify the process for your family when you’re no longer here.
    In this episode of the Secure Your Retirement podcast, we talk about the 6 essential and required things you need to consider when estate planning over a glass of Raphael Prosecco sparkling wine. We explain the purpose and importance of having documents such as a will, power of attorneys, the HIPAA form, beneficiary form, and the transfer on death document.
    Listen in to learn the purpose of having the durable and healthcare power of attorneys to make things simpler for your family in case you become incapacitated.
    In this episode, find out:
    The importance of having a will to simplify things for your loved ones when you’re no longer here.
    Healthcare power of attorney – appointing someone to carry out your healthcare decisions for you if you’re incapacitated.
    How having a healthcare power of attorney uncomplicates complicated situations for your family.
    The durable power of attorney - appointing someone to carry out your financial decisions for you if you’re incapacitated.
    Get both durable and healthcare power of attorneys prepared in advance and when in full capacity.
    How the HIPAA form allows your family to have access to your medical records.
    The beneficiary form drives where all your accounts funds go at the time of your passing.
    The importance of having a transfer on death document to simplify things on your bank accounts.

    Tweetable Quotes:
    “Without a will, simple things become very complicated.”- Radon Stancil
    “A power of attorney is being appointed to be your agent; someone that’s going to make decisions on your behalf in the case that you’re not able to.”- Murs Tariq

    Resources:
    If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!
    To access the course, simply visit https://pomwealth.net/3-keys-to-secure-your-retirementlp/ (POMWealth.net/podcast.)

    • 23 min
    When is Cash Good?

    When is Cash Good?

    Why would cash be able to beat other types of investments? When dealing with a volatile market like we’re currently experiencing, cash can become an important asset class.
    Going to cash means selling investments and putting the money on temporary hold as you evaluate the markets. It’s basically a movement to a safety method as you evaluate the market, waiting to redeploy your money when the markets start looking good.
    In this episode of the Secure Your Retirement podcast, we explain the benefits of going to cash and share examples of when it has worked out for our clients. Listen in to learn why you shouldn’t be worried about not earning anything when sitting in cash because the purpose of it is to not lose money.
    In this episode, find out:
    The difference in the cash conversation between an active and a passive money manager.
    The meaning of going to cash and why it’s a movement to safety strategy.
    Cash is king when other assets are going down and cash remains neutral.
    The power of cash in protecting you from losing money even though you’re not earning.
    How we went into cash and then back into the money markets safely during the 2020 pandemic.
    The dates on the recent market volatility and our decision to go fully in cash.
    Our objective of buying when we see demand and selling when the demand goes away.

    Tweetable Quotes:
    “You’re either risk-on, and you’re fully invested in the market, or you’re risk-off, and you’re fully in cash.”- Murs Tariq
    “If cash is neutral and it’s not going up or going down and if other assets are going down and cash is not, then cash is king.” - Radon Stancil

    Resources:
    If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!
    To access the course, simply visit https://pomwealth.net/3-keys-to-secure-your-retirementlp/ (POMWealth.net/podcast.)

    • 18 min

Customer Reviews

5.0 out of 5
229 Ratings

229 Ratings

Aquaspi ,

Clear, simple, to the Point Advice

I’ve been following POM on Instagram for quite some time, then as my mom starting going through her retirement prep her frustration caused me to pay more than the usual attention to their posts.
I always see the posts refer to their specific podcast episodes and I finally decided to start listening.
Wow- after just one episode I understood what my mom was misunderstanding, how I could explain it to her, and now provide her with a trustworthy resource to help her through the process.
In addition, the authoritative, yet easy to listen to explanations of Radon and Merse (?) were just the ticket to keep me subscribed & listening for my own future plans.

Diane Pleuss ,

A Must Have Podcast

Make your retirement planning strategy complete by subscribing to the Secure Your Retirement Podcast. This show brings forward the best topics, guests, and information to help people get the most out of their planning efforts. I am grateful to be a recent guest on the show to discuss franchising as a career option for those looking for a change. Murs and Radon are exceptional hosts as they help people protect the wealth they have worked hard to create.

JPBodyMindSpirit ,

Great Show!

Randon

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