Retirement income strategies

December 17 2024

Episode 16: How to Retire Early and Secure Your Income for Life

Mark Fried Podcast 401(k) tax implications, Avoiding retirement tax mistakes, Early retirement planning, Financial planning for retirees, Retirement income strategies, Retirement lifestyle and income security, Social Security optimization, Sustainable retirement income, Tax planning for retirees, Tax-efficient retirement strategies

Episode Highlights

Retiring Early: Is It Possible?
Have you dreamed of retiring earlier than planned? Mark shares proven strategies to help you achieve financial independence sooner and design the life you’ve always wanted. Learn the steps to align your savings, investments, and spending habits with your early retirement goals.

Creating Sustainable Income in Retirement
Income stability is the cornerstone of a stress-free retirement. In this segment, discover how to generate steady, reliable income that lasts through your retirement years. Mark discusses key tools and strategies to ensure you never outlive your savings.

The 4% Rule and Why It Might Not Work
The traditional 4% withdrawal rule has long been a guideline for retirees, but is it still relevant? Mark explains why this strategy may not work in today’s economic climate and explores alternative approaches to safeguard your retirement funds.

Managing Future Tax Hikes
Future tax increases could significantly impact your retirement plans. Mark dives into potential risks posed by rising taxes and shares actionable ways to protect your income and savings against unexpected hikes.

Tax-Deferred Accounts: A Hidden Danger
Are your 401(k)s, IRAs, and other tax-deferred accounts really working in your favor? Mark uncovers the hidden tax traps of these accounts and how you can plan strategically to minimize tax burdens in retirement.

Tax Planning vs. Tax Preparation
Many retirees confuse tax preparation with tax planning. Mark explains the critical differences and why proactive tax planning is essential for preserving your wealth and securing a comfortable retirement.

The Role of Social Security in Your Retirement Plan
Social Security is a key component of many retirement plans, but are you making the most of it? Learn how to optimize your Social Security benefits to ensure they complement your overall retirement strategy.

Avoiding Lifestyle Cuts and Downsizing
No one wants to sacrifice their lifestyle in retirement. Mark shares practical strategies to help you maintain your standard of living without worrying about downsizing or budget cuts.

How to Work with a Financial Advisor for a Custom Retirement Plan
Retirement planning isn’t one-size-fits-all. Mark offers tips on selecting the right financial advisor and how to collaborate with them to create a customized plan tailored to your unique goals and circumstances.!

November 19 2024

Episode 14: Empowering Women in Retirement Planning: A Guide to Financial Independence

Mark Fried Podcast Empowering women in finance, Financial planning for retirees, Maximizing retirement savings, Personalized retirement plans, Retirement income strategies, Retirement Readiness Review, Secure your financial future, tax-efficient retirement planning, Transitioning to retirement

In this episode of The Road Rules for Retirement Show, hosts Mark Fried and Lisa Odoski bring their wealth of expertise to the table, offering actionable insights for retirees and those planning for retirement. Discover why having a comprehensive financial plan is essential for peace of mind and learn how personalized strategies can transform your retirement journey.

Listen to inspiring client success stories, including how the Retirement Readiness Review bridges the gap between saving and spending. Lisa shares her mission to empower women in financial decision-making, while Mark highlights the importance of a second opinion to ensure your plan evolves with life’s changes.

Explore the emotional and practical sides of retirement beyond money, and see how a team-based approach to planning addresses the unique challenges of every retirement phase. Finally, learn how to take charge of your financial future with Mark’s exclusive masterclass. Whether you’re just starting to plan or seeking to optimize your existing strategy, this episode is packed with insights to help you secure your dream retirement.

October 22 2024

Episode 12: Transitioning from Accumulation to Distribution: Mastering Your Retirement Strategy

Mark Fried Podcast Diversification in retirement, Financial planning for retirees, How to make money last in retirement, Investment strategies for retirement, Managing retirement risk, Retirement income strategies, Retirement planning for high net worth individuals, Tactical investing for retirees, Tax diversification in retirement, Tax-efficient IRA withdrawals

In this episode of The Road Rules for Retirement Show, host Mark Fried offers valuable insights into retirement planning, focusing on the critical transition from accumulation to distribution. Mark explains the difference between accumulation-focused advisors, who help grow savings, and retirement specialists, who ensure those savings last through retirement. He shares a real-life example of managing IRA withdrawals to avoid tax pitfalls, illustrating the importance of strategic planning.

Mark also delves into how diversification reduces risk, why it’s essential as retirement approaches, and common misconceptions about diversification and risk management. He introduces the concept of tactical investment strategies and highlights the importance of tax diversification in lowering tax burdens during retirement. Lastly, Mark discusses how to assess whether you’re taking on too much risk as you near retirement and provides actionable advice on developing a personalized retirement plan with professional guidance.

This episode is packed with practical tips and strategies to help retirees secure their financial future.

September 10 2024

Episode 9: The Retirement Red Zone: Planning for Life’s Big Decisions

Mark Fried Podcast 401(k) maximization tips, estate planning in retirement, financial planning for women, IRA inheritance rules, Retirement income strategies, Retirement Red Zone, Roth conversion strategies, tax-efficient retirement planning, working with a fiduciary advisor

In this episode of The Road Rules for Retirement Show, host Mark Fried discusses the value of working with a fiduciary financial advisor and how Mark’s firm integrates charitable giving, such as supporting Toys for Tots, into their philosophy. They highlight the importance of client relationships and offer insights into educational events like Coffee Talks and Lunch & Learns on Medicare and estate planning. Mark explains the critical concept of the “Retirement Red Zone,” emphasizing the need to start planning five years before retirement to ensure a sustainable income stream. He also touches on the adaptability of retirement plans, the benefits of Roth conversions during market volatility, and the impact of new IRS rules requiring IRAs passed to children to be withdrawn within 10 years.