Financial Symmetry: Balancing Today with Retirement Chad Smith, CFP® and Mike Eklund, CFP®

Today we’re diving in to a specific path that many retirees consider as they move away from the “corporate” world and enter their second act – which is starting a business.
With increased life expectancy, cost of living increases and a desire for continued fulfillment, many retirees are excited to begin a new experiment in an area they are passionate about.
Some surveys show the proportion of people starting businesses at ages 55 to 65 has increased in recent years and, at one point, even surpassed the typical entrepreneur age group of 25- to 35-year-olds.
So today we’re speaking to those currently operating sole proprietorships and single-member LLCs OR those considering starting their own business. We’re going to shine the light on the S Corp business type and provide some details on why this could be an opportunity to explore.
Outline of This Episode [0:55] How to know when you have enough [2:09] Starting a business in retirement [6:02] Why it's important to understand what an S-corp is  [10:10] An example  [14:54] The downside of the S-corp ****
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Now that you have made it through the retirement danger zone, you have made it to the Arrivement phase of retirement. You may be wondering, what are my next steps?
This season can be full of opportunities and connection with those you care about. At this point in your life journey, you may face some difficult decisions around relocating or how best to spend or give the wealth you've worked hard to accumulate.
Listen in to hear about the financial and tax moves that we see most commonly used during the middle years of your retirement.
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Have you thought about retiring abroad?
Oftentimes when we think of retirement, we think about sunny beaches with crystalline water shimmering in the sunshine. Could this or some other idyllic vision be your future? 
The realities of retiring abroad can be exciting, but at the same time overwhelming. Complex financial strategies need to be considered before grabbing your passport and setting off for the unknown. 
In this episode, we discuss seven crucial financial considerations that you’ll need to keep in mind if you are interested in retiring abroad.
Outline of This Episode [0:36] Overcoming frugality in retirement [2:15] More people are retiring abroad [3:44] Put together a blueprint of what life will look like for you [5:00] Dealing with finances [6:53] Dealing with taxes [8:40] Dealing with investments [10:32] Dealing with real estate [12:24] Dealing with healthcare [13:41] Dealing with estate issues ****
📬 Get our Retire On Purpose Guide here. 
📰 See the full show notes here
🌐 Explore the Retirement Podcast Network here

If you are retiring soon, you've most likely wondered if your asset allocation is too risky.
Some have called the period just before and after retirement the Retirement danger zone as it's a time where understanding how you should be invested matters for your long-term financial success.
After years of great returns in tech and large cap US stocks, many retirees could have bigger risks present in their allocations than they realize.
In today's episode, you'll learn why sequence of return risk has been called the retirement danger zone and how to prepare for it within the context of your retirement plan rather than by planning by generalized rules of thumb.
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So many of us will be hoping for no tax surprises when preparing our tax returns this year. 
This is why we want to provide you with a list of common tax surprises to watch for.
After working with hundreds of clients to prepare their tax returns, we’re sharing the latest tax surprises we see that could be helpful to know when completing your tax return this year.
Outline of This Episode [0:42] The Slott Report [2:39] Inheritance surprises [6:51] Credit card rewards [8:10] Interest income increases [10:54] Income earned in different states [12:32] 1099Ks [14:14] Underwithholding from your W4 [15:56] Forgotten statements [17:32] Double taxation on the Backdoor Roth [19:49] Underpayment penalty [21:14] The K1 for small business owners ****
📬 Get our Retire On Purpose Guide here. 
📰 See the full show notes here
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Retirement can hit us with numerous curveballs. One of those could happen right out of the gate–being forced with an early retirement. 
We all know that layoffs are part of the corporate landscape. While they are commonplace, when you are faced with one later in your career it can cause you to reevaluate your financial situation. 
In this episode, we discuss your options if you are laid off and how they fit in with your financial plan, your tax plan, and your 401K.
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📬 Get our Retire On Purpose Guide here. 
📰 See the full show notes here
🌐 Explore the Retirement Podcast Network here