june-horne

The Retirement Savings Time Bomb: Unpacking Ed Slott’s New Book (Part 2)

Thu, 18 Jul 2024 09:00:02 GMT

June is back to continue discussing Ed Slott’s latest book, The Retirement Savings Time Bomb Ticks Louder. As an elite member of his organization, she is here to share why this book is a must-read for anyone with long-term savings in IRAs or 401(k)s.

June is back to continue discussing Ed Slott’s latest book, The Retirement Savings Time Bomb Ticks Louder. Ed is a nationally recognized IRA distribution expert known for his ability to turn complex tax strategies into understandable and actionable advice. As an elite member of his organization, June is here to share why this book is a must-read for anyone with long-term savings in IRAs or 401(k)s.

One of the key topics June discusses is the often-overlooked role of life insurance in retirement planning. She and Marc also talk about the importance of taking proactive steps while you’re in the “retirement sweet spot” (age 59.5 – 73) when it comes to RMDs, IRMAA, and more. If you're ready to take control of your retirement planning, June and her team at Transition Advisor Group are here to help!

Here’s some of what we discuss in this episode:

0:00 – Intro

1:37 – Life insurance in retirement planning

5:56 – The retirement planning sweet spot

10:09 – Finding the right strategy for you

Subscribe & follow the show for free on your favorite apps:

The Retirement Savings Time Bomb: Unpacking Ed Slott’s New Book (Part 1)

Tue, 02 Jul 2024 09:00:00 GMT

June recently appeared on TV to discuss Ed Slott’s latest book, The Retirement Savings Time Bomb Ticks Louder. Ed is a nationally recognized IRA distribution expert known for his ability to turn complex tax strategies into understandable and actionable advice. As an elite member of his organization, June will share why this book is a must-read for anyone with long-term savings in IRAs or 401(k)s.

June recently appeared on TV to discuss Ed Slott’s latest book, The Retirement Savings Time Bomb Ticks Louder. Ed is a nationally recognized IRA distribution expert known for his ability to turn complex tax strategies into understandable and actionable advice. As an elite member of his organization, June will share why this book is a must-read for anyone with long-term savings in IRAs or 401(k)s.

Listen in as June talks about the importance of preparing for potential future tax increases by leveraging the current lower tax rates of 2024 and 2025, which are set to expire soon. By doing this, you can maximize savings for yourself and your beneficiaries. Additionally, June highlights the significant role of life insurance as a tax-efficient method to transfer wealth to loved ones.

Here’s some of what we discuss in this episode:

0:00 – Intro

1:24 – Why this book?

5:23 – The power of life insurance

9:17 – Being proactive with your tax strategy

Subscribe & follow the show for free on your favorite apps:

Retirement Questions That Millennials and Gen Z Are Asking

walter@thirdwheelmedia.com (Walter Storholt) — Thu, 30 May 2024 09:00:00 GMT

Each generation is currently facing its own set of financial planning questions as they navigate their unique retirement planning journey. As the financial landscape continues to evolve, it's more important than ever for younger generations to start planning their financial futures early. So, in today’s episode, we’re going to focus on some of the common retirement planning questions of Millennials and Gen Z.

Each generation is currently facing its own set of financial planning questions as they navigate their unique retirement planning journey. As the financial landscape continues to evolve, it's more important than ever for younger generations to start planning their financial futures early. So, in today’s episode, we’re going to focus on some of the common retirement planning questions of Millennials and Gen Z.

One of the key takeaways from this episode is the importance of financial education. June suggests finding a good financial coach who can guide you through the early stages of financial planning, even if you don't have a lot to invest initially. Getting educated and intentional about saving is the most important step!

Here’s some of what we discuss in this episode:

0:00 – Intro

2:41 – Balancing retirement savings with other goals

5:57 – Preparing for potential changes to Social Security

9:39 – Life insurance as a tool for retirement planning

12:43 – Prioritizing between needs and wants + tools to keep on track

Subscribe & follow the show for free on your favorite apps:

Managing Forgotten 401(k)s

walter@thirdwheelmedia.com (Walter Storholt) — Thu, 23 May 2024 09:00:00 GMT

Are you one of the millions leaving retirement funds unclaimed? Surprisingly, neglected retirement accounts are more common than you might think. With 29 million forgotten 401(k) accounts holding over $1 billion in assets at the end of 2023, it's important to take action and reclaim your retirement savings.

Are you one of the millions leaving retirement funds unclaimed? Surprisingly, neglected retirement accounts are more common than you might think. With 29 million forgotten 401(k) accounts holding over $1 billion in assets at the end of 2023, it's important to take action and reclaim your retirement savings.

In this episode, June shares insightful advice on how to locate and manage these forgotten accounts and even shares the story of a new client who had over $70,000 in an old 401(k) that she didn’t know about. From contacting former employers to exploring options for rolling over funds into new accounts, this conversation provides essential tips to ensure your retirement funds are working for you. If you need help with your retirement planning or have questions about your 401(k), reach out to June and the team at Transition Advisor Group!

Here’s some of what we discuss in this episode:

0:00 – Intro

2:06 – Contacting your former employer

3:58 – Options for rolling over 401(k) accounts

7:39 – Making sure nothing is overlooked with an advisor

10:43 – Final thoughts

Subscribe & follow the show for free on your favorite apps:

Retirement Questions That Generation X Is Asking

Thu, 02 May 2024 09:00:00 GMT

Each generation is currently navigating a unique part of the retirement planning experience. With many baby boomers preparing for the transition into retirement and Generation X starting to think more seriously about their retirement savings, these major life events come with a handful of financial planning questions. In today’s episode, we’re going to focus on the questions that Generation X faces as they approach their golden years.

Each generation is currently navigating a unique part of the retirement planning experience. With many baby boomers preparing for the transition into retirement and Generation X starting to think more seriously about their retirement savings, these major life events come with a handful of financial planning questions. In today’s episode, we’re going to focus on the questions that Generation X faces as they approach their golden years.

For many Gen Xers, turning fifty can prompt some tough questions: How much do I need to retire? Am I saving enough? How do I balance saving with paying off debt? Stay tuned as June gives us an inside look at how she tackles these questions with her clients. And, if you missed last week’s episode, be sure to check out the retirement questions that baby boomers are asking!

Here’s some of what we discuss in this episode:

0:00 – Intro

2:20 – Figuring out how much you’ll need in retirement

5:24 – Knowing if you’re on track with your financial goals

8:37 – Getting caught up if you started saving late

11:12 – Balancing saving for retirement with other financial goals

15:25 – Building a strategy for retiring early

Subscribe & follow the show for free on your favorite apps:

Retirement Questions That Baby Boomers Are Asking

Thu, 18 Apr 2024 09:00:00 GMT

With many baby boomers preparing for the transition into retirement and Generation X starting to think more seriously about their retirement savings, these major life events come with a handful of financial planning questions. In today’s episode, we’re going to focus on the questions that baby boomers face as they approach their golden years.

Each generation is currently navigating a unique part of the retirement planning experience. With many baby boomers preparing for the transition into retirement and Generation X starting to think more seriously about their retirement savings, these major life events come with a handful of financial planning questions. In today’s episode, we’re going to focus on the questions that baby boomers face as they approach their golden years.

From strategies for replacing income in retirement to planning for healthcare costs, June has invaluable insights to share today. Stay tuned as we chat about efficiently transferring wealth, maximizing your Social Security benefits, the benefits of downsizing in retirement, and much more. Don’t forget to tune back into our next episode as we cover some of the common questions of Generation X!

Here’s some of what we discuss in this episode:

0:00 – Intro

2:00 – Transitioning from a steady job to retirement

5:09 – Addressing rising healthcare costs in your plan

7:31 – Passing on wealth to loved ones efficiently

12:30 – Maximizing Social Security

14:50 – Downsizing or moving in retirement

Subscribe & follow the show for free on your favorite apps:

Overlooked Issues That Can Sink Your Retirement Ship

walter@thirdwheelmedia.com (Walter Storholt) — Thu, 07 Mar 2024 10:00:01 GMT

Imagine your retirement plan as a ship sailing toward a horizon of rest and relaxation. But what if one leak could sink it all? In today’s episode, we spotlight some of the single oversights that could send your dreams to the bottom.

We'll share key strategies to plug the gaps, ensuring your financial ship stays buoyant and on course. Tune in to protect your future from the one mistake that could derail everything.

Here’s some of what we discuss in this episode:

0:00 – Intro

1:18 – Outliving your money

4:55 – The creep of inflation

7:35 – Expenses of long-term care

11:21 – The threat of rising taxes

Subscribe & follow the show for free on your favorite apps:

Retirement Planning Is Different for Women: Here’s Why

Thu, 29 Feb 2024 21:59:15 GMT

As International Women’s Day approaches (March 8), it’s the perfect time to reflect on the progress women have achieved in the financial realm over the past century. Despite this, the path to retirement is not without its unique challenges for women, and it’s important to recognize the financial hurdles that they continue to face.

In this episode, we’ll share some eye-opening statistics and actionable advice to empower women in their financial journey. From career interruptions to the impact of caregiving responsibilities and higher debt burdens, this is why retirement planning is different for women.

Here’s some of what we discuss in this episode:

0:00 – Intro

1:24 – Women facing career interruptions

4:46 – Longer life expectancy

9:19 – The financial impact of divorce

12:03 – Women carrying higher debt

14:29 – Women’s financial confidence

17:47 – Moving the needle