Why "Infinite Banking" May Not Be As Good As It Seems How To Retire On Time podcast

11:43

Hey, Mike. I'm 60 years old with 1,200,000.0 in a traditional IRA. Should I convert 120,000 each year so I don't have to worry about RMDs? Discover the trap set by trying to plan and invest like someone else. Listen as Mike breaks down the importance of building a plan and a portfolio that works for your specific situation. Text your questions to 913-363-1234. Request Your Wealth Analysis by going to www.retireontime.com…

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Why You May Not Want to Convert All Your Money to Roth 10:14

1 day ago10:14

10:14

“Hey Mike, I'm 60 years old with 1,200,000.0 in a traditional IRA. Should I convert 120,000 each year so I don't have to worry about RMDs?” Discover the problem with aggressive IRA to Roth conversions and the overall tax-free retirement goal. Text your questions to 913-363-1234. Request Your Wealth Analysis by going to www.retireontime.com…

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How Social Security Taxes Have Changed 12:20

3 days ago12:20

12:20

“Hey, Mike. I heard that Social Security is now tax free. Is that true?” Discover changes to the tax code and how you can potentially use it to your advantage. Text your questions to 913-363-1234. Request Your Wealth Analysis by going to www.retireontime.com

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Different Ways to Get Funds into Roth or Other Tax-Free Accounts 13:07

6 days ago13:07

13:07

“Hey Mike, what’s the best way to get funds into a Roth IRA?” Text your questions to 913-363-1234. Request Your Wealth Analysis by going to www.retireontime.com

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Benefits and Detriments with “Fixed-Income” (Income from Bonds) 7:11

7 days ago7:11

7:11

"Hey Mike, I plan on living off of income from my bond portfolio. What's the risk with this income strategy and how do you plan around it?” Discover when it makes sense to use bonds as an income source, and why you may want to blend this income strategy with another growth-focused strategy. Text your questions to 913-363-1234. Request Your Wealth Analysis by going to www.retireontime.com…

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Why the Market, Politics, and Other Concerns Should Not Delay Your Retirement 9:00

8 days ago9:00

9:00

“Hey Mike, with all that is going on, is now still a good time to retire?” Discover how to build your plan so you can retire when it makes sense for you, regardless of what is going on elsewhere. Text your questions to 913-363-1234. Request Your Wealth Analysis by going to www.retireontime.com

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The Problem with Filing for Social Security Early with the Intention of Investing Your Benefits 11:34

9 days ago11:34

11:34

“Hey Mike, when does it make sense to file for Social Security early so you can take the benefits and reinvest them?” Discover when it may make more sense to delay your benefits. Text your questions to 913-363-1234. Request Your Wealth Analysis by going to www.retireontime.com

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Why More Risk Doesn’t Necessarily Mean More Reward 15:04

10 days ago15:04

15:04

“Hey Mike, I am comfortable taking risks, even in retirement. For people like me, what type of portfolio would you recommend.” Discover why taking more risks may actually hurt you in the long-term and in the short-term when you retire. Text your questions to 913-363-1234. Request Your Wealth Analysis by going to www.retireontime.com…

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Renting or Buying: Which is Better in Retirement? 5:54

13 days ago5:54

5:54

“Hey Mike, is it better to rent or buy a home in retirement?”Discover the benefits and detriments of renting, buying, and buying with low maintenance. Text your questions to 913-363-1234. Request Your Wealth Analysis by going to www.retireontime.com

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How Your Social Security Taxes are Calculated 9:49

14 days ago9:49

9:49

“Hey Mike, is it true that Roth Income affects your social security taxes bracket?”Discover how your Social Security benefits are calculated and if your Roth IRA income affects those calculations. Text your questions to 913-363-1234. Request Your Wealth Analysis by going to www.retireontime.com

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Income Strategies for the First Five Years of Your Retirement 11:05

15 days ago11:05

11:05

“Hey Mike, I want guaranteed income for the first few years of retirement, not for life. Is a bond ladder the best strategy?”Discover different ways you would set up your retirement income strategy for the first five years of your retirement without depending on lifetime income streams from annuities. Text your questions to 913-363-1234. Request Your Wealth Analysis by going to www.retireontime.com…

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What Are Your 401(k) Fees? 12:09

16 days ago12:09

12:09

“Hey Mike, I tried to calculate my 401k fees and it looks like I’m paying around 3%. Is that even possible?” Discover the different types of fees that may be a part of your 401(k) plan and what you can do about it. Text your questions to 913-363-1234. Request Your Wealth Analysis by going to www.retireontime.com…

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How War Can Affect the Market 17:07

17 days ago17:07

17:07

“Hey Mike, why did the market go up after Iran was bombed? I even the potential or war would crash the market.” Discover why war may not affect the market as you would expect and what to look for instead. Text your questions to 913-363-1234. Request Your Wealth Analysis by going to www.retireontime.com…

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What does “Self-Insuring” Really Mean? 6:39

20 days ago6:39

6:39

“ Hey Mike, can you explain what you mean by “self-insuring?” Discover what it means to “self-insure” and when it may make sense. Text your questions to 913-363-1234. Request Your Wealth Analysis by going to www.yourwealthanalysis.com

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Ways to Give to Your Kids and Grandkids 7:30

21 days ago7:30

7:30

“Hey Mike, what are ways you’ve seen people give to their kids and grandkids?” Discover several ways you can give to your kids and grandkids while you are alive and when they may need it more. Text your questions to 913-363-1234. Request Your Wealth Analysis by going to www.yourwealthanalysis.com

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What to Do Once You Receive a Large Sum of Money 7:49

22 days ago7:49

7:49

“ Hey Mike, I just sold my business for five million dollars. What do you typically recommend someone like me do next?” Discover the behavioral risks when you receive a large sum of money from selling a business, receiving a large inheritance, or even winning the lottery. Text your questions to 913-363-1234. Request Your Wealth Analysis by going to www.yourwealthanalysis.com…

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Why the 4%, 6%, or Even 8% Withdrawal Rates Could Be Consider Dangerous 12:57

23 days ago12:57

12:57

“Hey Mike, I’m being told by others that 8% works as a retirement withdrawal rate. Is that true?” Discover why the high withdrawal rates are becoming more popular and why they may be more dangerous than you realize. Text your questions to 913-363-1234. Request Your Wealth Analysis by going to www.yourwealthanalysis.com…

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Fees and Where to Find Them 21:29

23 days ago21:29

21:29

“Hey Mike, can you breakdown fees, where to find them, and how to build a good portfolio while being mindful of fees?” Discover various types of fees and where to find so you can determine if you are getting the value expected for the amount of money you pay in fees each year. Text your questions to 913-363-1234. Request Your Wealth Analysis by going to www.yourwealthanalysis.com…

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Why Social Security Is More Secure Than You May Realize 5:48

27 days ago5:48

5:48

“Hey Mike, how do you prepare for Social Security potentially going away?” Discover what really drives Social Security benefits and why you shouldn’t be as concerned about Social Security solvency as others would have you believe. Text your questions to 913-363-1234. Request Your Wealth Analysis by going to www.yourwealthanalysis.com…

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Why Inflation May Not Be Under Control 11:14

28 days ago11:14

11:14

"Hey Mike, do you think inflation is under control?” Discover why Mike believes inflation could come roaring back and how to prepare for the potential risk. Text your questions to 913-363-1234. Request Your Wealth Analysis by going to www.yourwealthanalysis.com

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What College and Professional Athletes Need to Know About Money 11:24

29 days ago11:24

11:24

“Hey Mike, I’m a college athlete that is about to get paid. I don’t want to go broke like so many other athletes. Any tips on how to keep your money?” Discover why many athletes go broke and what can be done to help prevent it from happening. Text your questions to 913-363-1234. Request Your Wealth Analysis by going to www.yourwealthanalysis.com…

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Why Financial Advisors Make Money When You Don’t 14:35

30 days ago14:35

14:35

“Hey Mike, how come financial advisors make money, even when the client loses money?” Discover the reason why advisors charge a flat rate or a percentage-based fee for their services and how to determine if you are getting your money’s worth with the amount you are paying in fees. Text your questions to 913-363-1234. Request Your Wealth Analysis by going to www.yourwealthanalysis.com…

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Why Cash May Not Be as Safe as You May Think 13:53

4 weeks ago13:53

13:53

“Hey Mike, I’m scared about the market and am all in cash and short-term CDs. What risks, if any, do you think I am taking by doing this?” Discover how cash can crash when inflation hits and why it may be more difficult to recover from hyperinflation than an actual market crash. Text your questions to 913-363-1234. Request Your Wealth Analysis by going to www.yourwealthanalysis.com…

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Risks Associated with CDs and Treasuries 9:02

5 weeks ago9:02

9:02

"Hey Mike, can I use CDs and Treasuries only for my reservoir?" Discover risks associated with CDs, Treasuries, and other fixed interest investments/products, and what you could do instead. Text your questions to 913-363-1234. Request Your Wealth Analysis by going to www.yourwealthanalysis.com

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What to Consider Doing Now Incase the Dollar Continues Loses Value 8:52

5 weeks ago8:52

8:52

"Hey Mike, how do you prepare for a potential currency collapse?" Discover places you could put your money in case the United States dollar continues to go down in value. Text your questions to 913-363-1234. Request Your Wealth Analysis by going to www.yourwealthanalysis.com

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How to Big Beautiful Bill Could Affect Your Retirement 14:31

5 weeks ago14:31

14:31

"Hey Mike, can you breakdown how the Big Beautiful Bill will affect those in retirement?" Discover some of the ways the Big Beautiful Bill could affect your retirement for better and for worse based on what is in the current version. Text your questions to 913-363-1234. Request Your Wealth Analysis by going to www.yourwealthanalysis.com…

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Why All Cash May Be Riskier Than You Think 22:28

5 weeks ago22:28

22:28

"Hey Mike, I’m concerned about the next market crash. I don’t want to try and time the market, but it still keeps me up at night. Any tips?" Discover the problems with trying to time the market or sitting in cash based on a feeling. Text your questions to 913-363-1234. Request Your Wealth Analysis by going to www.yourwealthanalysis.com…

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The Problems with Marketing in Financial Services  7:52

6 weeks ago7:52

7:52

"Hey Mike, do I really need $1.26 million dollars to retire comfortably?” Discover why you may be seeing random numbers and goals in financial services advertisements. Also, uncover the problem associated with these oversimplified claims and why you should dive into the details of your own financial situation. Text your questions to 913-363-1234. Request Your Wealth Analysis by going to www.yourwealthanalysis.com…

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Non-Financial Tips That Can Help You Stay Sharp and Healthy 7:44

6 weeks ago7:44

7:44

"Hey Mike, I have been retired for a number of years now. What are some ways retirees can stay active and engaged in their communities after leaving the workforce?" Discover some non-financial aspects of retirement that may need to be addressed if you want to live a long, healthy, and happy life. Text your questions to 913-363-1234. Request Your Wealth Analysis by going to www.yourwealthanalysis.com…

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How to Handle Risk Differences In a Relationship  15:31

6 weeks ago15:31