Shows
Retire StrongerEpisode 24: Why Waiting Until 73 Could Cost You Six FiguresIn this episode of Retire Stronger, John Foard and Bill Kearney discuss the critical importance of understanding Required Minimum Distributions (RMDs) and the potential financial pitfalls of waiting until age 73 to address them. They emphasize the need for proactive tax planning, particularly through strategies like Roth conversions, to minimize tax liabilities and maximize retirement income. The conversation also highlights the impact of RMDs on heirs and the importance of legacy planning. Listeners are encouraged to take action early to ensure a tax-efficient retirement strategy.2025-08-1225 minRetire StrongerEpisode 23: Social Security and Taxes: What Nobody Told YouIn this episode of Retire Stronger, hosts John Foard and Bill Kearney discuss the complexities of Social Security taxation, revealing that up to 85% of benefits can be taxed. They emphasize the importance of understanding provisional income and the common mistakes retirees make regarding withdrawals and tax planning. The conversation also covers strategies to minimize taxes on Social Security, including the benefits of Roth conversions and tax-efficient withdrawal sequencing. The hosts encourage listeners to start planning early to ensure a tax-efficient retirement.2025-08-0526 minRetire StrongerEpisode 22: What's Your Retirement Income Plan? Creating Paychecks for LifeIn this episode of Retire Stronger, John Foard and Bill Kearney discuss the critical aspects of retirement income planning. They emphasize the importance of having a structured income plan that goes beyond mere accumulation of wealth. The conversation covers the creation of a personal retirement income plan, the retirement paycheck system, withdrawal strategies, and the bucket approach to managing income. They also address the risks of inflation and longevity, providing actionable steps for listeners to ensure a secure and fulfilling retirement.2025-07-2930 minRetire StrongerEpisode 21: The 5 Biggest Retirement Mistakes & How to Avoid ThemIn this episode of Retire Stronger, John Foard and Bill Kearney discuss the five biggest retirement mistakes that can derail even the most diligent savers. They emphasize the importance of early tax planning, understanding sequence of returns risk, estimating healthcare and long-term care costs, developing a clear withdrawal strategy, and planning for longevity risks. The hosts provide actionable insights and strategies to help listeners avoid these pitfalls and retire with confidence and peace of mind.2025-07-2226 minRetire StrongerEpisode 20: The Set it & Forget it TrapIn this episode, John Foard and Bill Kearney discuss the pitfalls of the 'set it and forget it' approach to retirement planning. They emphasize the importance of actively managing retirement accounts, reviewing strategies regularly, and adapting to life changes. Through real-life examples, they illustrate the consequences of neglecting retirement planning and provide actionable steps to ensure a successful retirement strategy. The conversation highlights the need for periodic reviews, understanding tax implications, and the value of working with a trusted financial advisor.2025-07-1524 minRetire StrongerEpisode 19: 'Big Beautiful Bill'In this episode of Retire Stronger, Bill Kearney and John Foard discuss significant changes in retirement legislation, referred to as the 'Big Beautiful Bill.' They explore the implications of these changes on retirement planning, including earlier required minimum distributions, mandatory Roth contributions for high earners, and new inherited IRA rules. The hosts emphasize the importance of adapting financial strategies to these changes and highlight opportunities for tax-efficient planning, particularly through Roth conversions. They also stress the need for effective legacy planning and the evaluation of financial advisory teams to navigate the evolving tax landscape.2025-07-0823 minRetire StrongerEpisode 18: Your Company Stock & The Hidden Potential of Net Unrealized AppreciationIn this episode of Retire Stronger, hosts John Foard and Bill Kearney delve into the concept of Net Unrealized Appreciation (NUA), a tax strategy that can significantly benefit individuals with substantial company stock in their 401k plans. They explain how NUA works, who should consider it, and the potential tax savings it offers compared to traditional withdrawal methods. The conversation includes real-world examples, the strict IRS rules governing NUA, and the importance of consulting with financial professionals. The hosts also discuss the differences between NUA and Roth conversions, and strategies for managing company stock after executing an NUA transaction.2025-07-0130 minRetire StrongerEpisode 17: The Truth About Your CPA and Tax Planning for RetirementIn this episode of Retire Stronger, hosts John Foard and Bill Kearney delve into the critical role of CPAs in tax planning for retirement. They clarify the distinction between CPAs as tax preparers versus tax planners, emphasizing the importance of proactive tax strategies to avoid future tax burdens. The discussion covers effective tax planning strategies, the limitations of CPAs, and actionable steps for listeners to ensure tax efficiency in their retirement planning. The episode concludes with a reminder to not confuse tax filing with comprehensive tax planning.2025-06-2422 minRetire StrongerEpisode 16: What to Do in a Down Market: Tax Moves That Work in Bear YearsIn this episode of the Retire Stronger podcast, hosts John Foard and Bill Kearney discuss how to navigate bear markets with strategic tax planning. They explore the opportunities that arise during market downturns, including tax loss harvesting, Roth conversions, rebalancing portfolios, and smart gifting strategies. The conversation emphasizes the importance of proactive planning and making informed decisions to optimize financial outcomes during challenging market conditions.2025-06-1726 minRetire StrongerEpisode 15: Three Keys to a Successful Financial Plan: Consistency, Commitment, and ConfidenceIn this episode of Retire Stronger, hosts John Foard and Bill Kearney discuss the three essential keys to a successful financial plan: consistency, commitment, and confidence. They emphasize the importance of having a structured retirement income plan and the need for regular reviews with financial advisors. The conversation highlights real-world examples and client stories to illustrate how these principles can lead to peace of mind and financial security in retirement.2025-06-1021 minRetire StrongerEpisode 14: Asset Location 101: Put the Right Money in the Right BucketIn this episode of Retire Stronger, hosts John Foard and Bill Kearney delve into the critical yet often overlooked strategy of asset location in retirement planning. They discuss the differences between asset location and asset allocation, the various types of investment income and their tax implications, and provide a blueprint for optimal asset location. The conversation includes real-life examples illustrating the impact of asset location on retirement outcomes, common mistakes to avoid, and the importance of utilizing Roth IRAs as a legacy tool. The episode concludes with a call to action for listeners to assess their asset location strategies...2025-06-0527 minRetire StrongerEpisode 13: Roth vs. Traditional IRA: What’s Better After 50?In this episode of Retire Stronger, hosts John Foard and Bill Kearney delve into the critical decision-making process surrounding Roth and Traditional IRAs for individuals over 50. They explore the nuances of each account type, the importance of tax strategy, and the factors influencing retirement income planning. The discussion emphasizes the significance of tax diversification, legacy planning, and the flexibility that comes with having both Roth and Traditional accounts. Real-life scenarios illustrate how strategic planning can optimize retirement outcomes, ultimately guiding listeners to make informed decisions about their financial futures.2025-05-2728 minRetire StrongerEpisode 12: Debt CeilingIn this episode of the Retire Stronger podcast, hosts John Foard and Bill Kearney delve into the complexities of the U.S. debt ceiling, its implications for the economy, and how it affects retirement planning. They discuss the nature of the debt ceiling, the consequences of breaching it, the role of credit ratings, and strategies for managing financial risks in retirement. The conversation emphasizes the importance of understanding these factors for individuals over 40 who are preparing for retirement. 2025-05-2024 minRetire StrongerEpisode 11: 401k Tax TrapIn this episode of the Retire Stronger podcast, hosts John Foard and Bill Kearney delve into the complexities of 401k plans, highlighting how they can become tax traps for retirees. They discuss the historical context of 401k plans, the psychology behind tax deferral, and the potential pitfalls of relying solely on these accounts for retirement savings. The conversation emphasizes the importance of proactive tax planning and offers strategies such as Roth conversions and tax diversification to mitigate future tax burdens. 2025-05-1325 minRetire StrongerEpisode 10: Avg. Return vs. CAGRIn this episode of the Retire Stronger Podcast, hosts John Foard and Bill Kearney delve into the critical differences between average returns and compound annual growth rate (CAGR). They explore why understanding these concepts is essential for investors, highlighting how average returns can be misleading and the importance of CAGR in accurately assessing investment performance. The discussion includes real-world examples, the implications for financial planning, risk assessment, and the necessity of comparing investments using CAGR. The episode concludes with key takeaways for listeners to enhance their investment strategies. 2025-05-0624 minRetire StrongerEpisode 9: Inflation RiskIn this episode of the Retire Stronger Podcast, hosts John Foard and Bill Kearney delve into the critical topic of inflation risk, particularly its implications for retirees and long-term investors. They discuss how inflation erodes purchasing power, the historical context of inflation rates, and the relationship between inflation and interest rates. The conversation also covers various factors influencing inflation, strategies for managing inflation risk, and the dangers of excess withdrawal risk during retirement. The hosts emphasize the importance of planning and adapting investment strategies to mitigate the effects of inflation on financial goals.2025-04-2925 minRetire StrongerEpisode 8: Market VolatilityIn this episode, John Foard and Bill Kearney discuss the complexities of market volatility, emphasizing the emotional toll it takes on investors. They explore historical data on market declines, the implications of the Rule of 100 for portfolio allocation, and the importance of hedging strategies to mitigate risks. The conversation highlights the necessity of staying invested for long-term growth and managing emotions during turbulent market periods. 2025-04-0729 minRetire StrongerEpisode 7: Tax Optimization Part 2In this episode of the Retire Stronger podcast, John Foard and Bill Kearney delve into tax optimization strategies for retirement. They discuss various methods to minimize tax burdens, including withdrawal order strategies, Roth conversions, tax loss harvesting, and understanding required minimum distributions (RMDs). The conversation also covers optimizing social security benefits, utilizing tax-efficient investments, leveraging health savings accounts, and estate planning strategies. The hosts emphasize the importance of consulting with financial advisors and tax professionals to tailor these strategies to individual situations, ensuring a comprehensive approach to retirement planning.2025-03-1734 minRetire StrongerEpisode 6: Tax Optimization Part 1In this episode, John and Bill discuss the concept of tax optimization in retirement planning. They explain how structuring assets and income can lead to more tax-efficient outcomes for retirees. The conversation covers the three main tax buckets: taxable, tax-deferred, and low/no tax, and emphasizes the importance of balancing these buckets to minimize tax liabilities. They also touch on the implications of Social Security taxes and provide insights into how retirees can better manage their tax situations.2025-01-2826 minRetire StrongerEpisode 5: Sequence of Return RiskIn this episode of the Retire Stronger podcast, host John Foard and Bill Kearney delve into the critical concept of sequence of return risk and its implications for retirement planning. They explain how the order of investment returns can significantly impact a retiree’s portfolio, especially during the early years of retirement when withdrawals are being made. The discussion includes illustrative examples comparing two couples with identical portfolios but different sequences of returns, highlighting the stark differences in their financial outcomes. The hoses also explore strategies to mitigate this risk, emphasizing the importance of portfolio structure and the need fo...2024-11-1820 minRetire StrongerEpisode 4: Roth ConversionsIn this episode of the Retire Stronger podcast, John and Bill discuss Roth conversions and the considerations to keep in mind when deciding if it's the right strategy for retirement income planning. They cover topics such as the basics of a Roth conversion, tax considerations, timing, and the impact on Social Security and Medicare benefits. They emphasize the importance of understanding your specific situation and working with a trusted advisor to make informed decisions.2024-10-3039 minRetire StrongerEpisode 3: Excess Withdrawal RiskIn this episode, John and Bill discuss the topic of excess withdrawal risk in retirement planning. They highlight the challenges of determining withdrawal rules and the potential risks associated with relying on a fixed percentage rule. They emphasize the importance of holistic financial planning and understanding household cashflow. The conversation also touches on the impact of excess withdrawal risk in everyday life and the potential consequences of taking on debt. The episode concludes with a summary of the main points and a teaser for the next topic, sequence of return risk.2024-10-3024 minRetire StrongerEpisode 2: Longevity RiskIn this episode, John and Bill discuss the topic of longevity risk and its impact on retirement planning. They start by explaining the concept of retirement risks and the goal of experiencing a worry-free retirement. They then delve into the history of retirement and how it has evolved over the years. The conversation highlights the shift in responsibility for retirement planning from companies to individuals. The fear of outliving money is identified as a major concern for retirees. The importance of red line planning and cashflow management is emphasized in addressing longevity risk. The episode concludes with a discussion...2024-10-3023 minRetire StrongerEpisode 1: Intro to Crown AdvisorsIn this episode, Bill Kearney and John Foard introduce themselves and their firm, Crown Advisors. They discuss their backgrounds as financial planners and the reasons behind their decision to form a partnership. The main focus of their firm is helping clients with income planning and tax management for retirement. They emphasize the importance of creating a comprehensive financial plan and the role of tax efficiency in retirement planning. They also mention their specialization in special needs planning and their commitment to providing meaningful support to families in this area. The episode concludes with a preview of future topics, including...2024-10-3029 min