Shows
Retire Ready with Kyle HammerschmidtMaximize Your Retirement Savings: New 2025 Contribution Limits and StrategiesSend us a textThis week on Retire Ready, host Kyle Hammerschmidt breaks down the latest updates and strategies to help you maximize your retirement savings. With big changes to contribution limits thanks to the Secure Act 2.0, it’s more important than ever to stay informed and plan ahead.🎧 Highlights from the Episode:🚀 2025 Contribution Limit Updates: Learn about the new limits for 401(k), 403(b), 457 plans, and the federal Thrift Savings Plan—now up to $23,500 (with even bigger boosts for those 60–63).💼 Catch-Up Contributions: Why these changes are a game-changer for pre-retirem...2024-12-3108 minRetire Ready with Kyle HammerschmidtTop 5 Reasons to Do Roth Conversions Before Retirement With $1M+ In Retirement SavingsSend us a textIn this episode, Kyle, dives into one of his favorite tax planning tools: Roth conversions. If you’ve got over a million dollars saved in your retirement accounts, this could be the most impactful eight minutes of your week.Learn how Roth conversions can transform your retirement savings, offering benefits like tax-free withdrawals, freedom from Required Minimum Distributions, and protection against future tax hikes. Discover how they can help diversify your income, optimize your estate plan, and even lower your future Medicare premiums.Kyle breaks it all down with re...2024-12-2410 minRetire Ready with Kyle HammerschmidtSocial Security Secrets: What Every Soon-to-Be Retiree Should KnowSend us a textWelcome to Retire Ready, the podcast that simplifies the complexities of retirement planning so you can confidently prepare for your golden years. Hosted by Kyle Hammerschmidt, this show dives into crucial topics like Social Security, retirement income strategies, and the decisions that can make or break your financial future.In this episode, we cover:The basics of Social Security: how it works and how to qualify.The impact of claiming Social Security early vs. delaying benefits.Spousal and ex-spousal benefits: what they are and how to maximize...2024-12-1713 minRetire Ready with Kyle HammerschmidtUnderstanding the Taxation of Social Security Benefits: What You Need to KnowSend us a textIn this episode, Kyle dives into a critical yet often misunderstood aspect of retirement planning: the taxation of Social Security benefits. Many assume these benefits are tax-free, but the reality can be a costly surprise for retirees. Kyle breaks down the basics of Social Security taxation, explains how your income impacts tax thresholds, and shares actionable strategies to reduce your tax burden.You'll learn how to calculate your "combined income," why up to 85% of your benefits might be taxable, and how federal and state rules can differ. Kyle also explores practical...2024-12-1010 minRetire Ready with Kyle HammerschmidtNavigating the Social Security Benefits Application ProcessSend us a textPodcast Description:In this episode of Retire Ready with Kyle Hammerschmidt, we’re tackling one of the most critical steps in your retirement journey: applying for Social Security benefits. Whether you're planning to claim at 62, hold out until 70, or fall somewhere in between, this episode has you covered with actionable advice.Kyle breaks down the application process step-by-step, including how to gather the right documents, decide whether to apply online or in person, and track your application once it’s submitted. You’ll also learn how to time y...2024-12-0313 minRetire Ready with Kyle HammerschmidtMarried 59: The Road to Retirement in 5 Years | Case StudySend us a textIn this week’s episode, host Kyle Hammerschmidt dives into a detailed case study of "John and Mary," a married couple from Kansas, both aged 59, preparing to retire in five years.  Kyle breaks down their financial landscape, including $1.7 million in tax-advantaged retirement accounts, Social Security strategies, and their goals of maintaining their current lifestyle while minimizing lifetime tax burdens. From restructuring investments to navigating Roth conversions, this episode offers valuable insights for pre-retirees aiming to secure their financial future.  If you're curious about balancing growth, income, and market volatility in y...2024-11-2620 minRetire Ready with Kyle HammerschmidtSix Point Checklist: Hiring a Financial Advisor for RetirementSend us a textPlanning for retirement is a journey, and choosing the right financial advisor is one of the most critical decisions you'll make. In this episode of Retire Ready, host Kyle Hammerschmidt unpacks the essentials for finding the perfect advisor to guide you through the complexities of retirement planning.  🔑 What You'll Learn: - The Six-Point Checklist: - Fee-only financial advisors and why their transparency matters.   - The importance of independence for unbiased advice.   - Fiduciary duty and its impact on your financial future.   - Tax-focused planning to minimize your retirem...2024-11-1910 minRetire Ready with Kyle HammerschmidtNever Too Late for a Roth Conversion? The Retiree's Tax-Slashing SecretSend us a textIn this episode, Kyle dives into a real-world retirement planning case study featuring a pre-retiree couple in their early 60s with diverse income streams, including Social Security, pensions, rental income, and investments. This discussion addresses three main concerns: maximizing Social Security, implementing a strategic Roth conversion plan, and developing an efficient withdrawal strategy. Kyle highlights how the couple’s financial choices—such as delaying Social Security, leveraging Roth conversions, and adjusting spending based on market performance—will impact their financial security over time. Tune in to learn how these strategi...2024-11-1211 minRetire Ready with Kyle Hammerschmidt5 Critical Tax Planning Strategies for Your Retirement: Roth Conversions and BeyondSend us a textToday, Kyle Hammerschmidt dives deep into the crucial topic of tax planning for retirement, focusing on Roth conversions, tax diversification, and essential strategies for those within 10 years of retirement. Tax planning is a vital, yet often overlooked, part of retirement preparation. By understanding how to manage your taxes effectively, you can save thousands and ensure you’re not leaving money on the table.In this video, we’ll explore:- Tax Diversification- Roth Conversions- Timing Roth Conversions- Integrating Roth Conversions into Your Overall Stra...2024-09-1712 minRetire Ready with Kyle HammerschmidtMaximizing Social Security for Couples: The Ultimate Guide to Dual BenefitsSend us a textThis episode of Retire Ready with Kyle Hammerschmidt is your ultimate guide to maximizing Social Security benefits for married couples. Whether you’re approaching retirement or just starting to plan, you won’t want to miss these crucial strategies that could put thousands of extra dollars in your pocket. In this episode, you’ll learn:Understanding Social Security Basics: How benefits are calculated based on your earnings record and what options are available for married couples.Spousal Benefits Explained: The ins and outs of claimin...2024-09-1007 minRetire Ready with Kyle HammerschmidtMastering Retirement: Key Mistakes and How to Avoid ThemSend us a textWelcome to the Retire Ready Podcast! In this episode, hosts Kolin and Kyle explore essential tips to avoid common retirement planning mistakes. Key topics include:Emotional Investing: How letting emotions drive your investment decisions can impact your long-term financial health.Social Security Timing: The consequences of claiming Social Security at the wrong time and how to make strategic decisions based on your overall plan.Estate Planning Essentials: Why having a comprehensive estate plan is crucial, regardless of your wealth level, and the key elements you need...2024-09-0311 minRetire Ready with Kyle HammerschmidtRetirement Planning for What You Can and Cannot ControlSend us a textIn this episode, Kyle and Kolin dive into the crucial topic of control in retirement planning. They discuss three aspects you can’t control, such as tax rates, inflation, and market volatility, and how to navigate these challenges effectively. They also explore three critical elements you can control, including withdrawal rates, risk management, and lifetime taxes.Join us as we cover:Uncontrollable Factors: How future tax laws, inflation, and market volatility impact your retirement plan.Controllable Factors: Strategies for managing withdrawal rates, investment risk, and lifetime ta...2024-08-2715 minRetire Ready with Kyle Hammerschmidt7 Investment Mistakes to Avoid for a Smoother Retirement JourneySend us a textIn this episode of the Retire Ready Podcast, Kyle and Kolin dive into the common investment pitfalls that can derail your retirement planning. From the risks of confusing short-term and long-term investments to the dangers of letting emotions and media hype dictate your decisions, they cover essential strategies to help you stay on track. Tune in for practical advice and insights to keep your retirement plan robust and resilient.In this episode, you’ll learn:Understanding Short-Term vs. Long-Term Money: Why distinguishing between these types of in...2024-08-2016 minRetire Ready with Kyle HammerschmidtSeven Questions to Ask Yourself Before RetirementSend us a textIn this episode of the Retire Ready Podcast, hosts Kyle and Kolin delve into the crucial questions you need to consider before entering retirement. Whether you're planning to retire soon or just starting to think about it, this episode is packed with practical insights and advice to help you prepare.The hosts cover seven essential questions, including:When to Claim Social Security?Planning for Healthcare and Unexpected Costs?Managing Inflation and Economic Changes?Tax Planning?Generating Income in Retirement?...2024-08-1315 minRetire Ready with Kyle HammerschmidtThe Secret to Social Security Success: Timing and Tips That Could Change Your RetirementSend us a textAre you nearing retirement and wondering when to start claiming Social Security? In this episode, Kyle and Kolin dive deep into one of the most crucial financial decisions you'll make in retirement. They discuss:Timing Your Claim: When is the best time to start claiming Social Security benefits? Should you take it early, at full retirement age, or delay for maximum benefits?Impact of Other Factors: How do your cash needs, life expectancy, marital status, and employment status affect your decision?Tax Implications: ...2024-08-0611 minRetire Ready with Kyle HammerschmidtPlanning For Sequence Of Returns Risk | Case StudySend us a textIn this episode, Kolin and Kyle discuss a case study of a married couple who retired with $1.5 million in tax-deferred accounts. The couple had several concerns, including when and how to claim Social Security, the need for more comprehensive financial planning, uncertainty about how much they could spend in retirement, adjustments needed in a down market, and how to distribute their pre-tax money in a tax-efficient manner. The hosts also highlight common tax mistakes that can impact retirement and the importance of considering sequence of returns risk. They provide suggestions for tax planning...2024-07-2328 minRetire Ready with Kyle Hammerschmidt$2 Million Household Retirement PlanSend us a textIn this episode, Kolin and Kyle continue their case study of a married couple with $2 million in assets who are close to retirement. They discuss the income plan, tax planning, and investment strategies for the couple. The income plan includes exploring spending options, maximizing Social Security benefits, and choosing a withdrawal strategy. The tax planning focuses on proactive Roth conversions to lower long-term tax bills. The investment strategy involves setting aside three years of portfolio income in stable assets and adjusting spending based on portfolio values. The key takeaways include the importance of...2024-07-1618 minRetire Ready with Kyle Hammerschmidt$4 Million Household Retirement PlanSend us a textIn this episode, Kolin and Kyle discuss a case study of a married couple in their mid-50s who are planning for retirement. The couple has a desired retirement age of 61 for the husband and 62 for the wife. They currently have an income of $270,000 and a desired retirement income of $144,000 per year. Their assets include $3.1 million, with the majority in tax-deferred accounts. At retirement, they are expected to have roughly $4 million. The couple's primary goals are to focus on tax diversification, create a comprehensive retirement plan, and optimize their income and tax strategies...2024-07-0923 minRetire Ready with Kyle HammerschmidtWe Have $1.9 Million & Retiring In 3 Years, How Much Can We Spend?Send us a textSummaryIn this episode, Kolin and Kyle walk through a retirement income plan for a couple who are planning to retire in the next few years. They discuss the couple's income levels, assets, and spending capabilities. They also explore different strategies for maximizing social security, tax planning, and investment planning. The episode emphasizes the importance of spending more early in retirement and optimizing tax smart planning. The hosts also highlight the need to address sequence of returns risk and create a comprehensive retirement plan.Takeaways...2024-07-0217 minRetire Ready with Kyle Hammerschmidt9 Misconceptions About Roth ConversionsSend us a textIn this episode, Kolin and Kyle discuss nine misconceptions about Roth conversions. They debunk the idea that Roth IRAs are always better than IRAs, explaining that the choice depends on individual circumstances. They also emphasize the importance of comprehensive tax planning and caution against winging it or converting large amounts without a strategy. The hosts address the misconception that Roth conversions prevent contributions to a Roth IRA and clarify that conversions do not count against modified adjusted gross income. They also discuss the misconception that paying the tax bill from savings is the...2024-06-2518 minRetire Ready with Kyle HammerschmidtWe Have $1.7 Million, How Much Can We Spend In Retirement?Send us a textIn this episode, Kyle and Kolin discuss a case study of a married couple near retirement. The couple plans to retire in 12 months and has a planning life expectancy of 90 for the wife and 85 for the husband. Their primary insurance amount for Social Security is $2,800 and $2,200 per month. They have a net essential spending goal of $6,000 per month with a 4% cost of living adjustment. The couple has a total asset value of $1.7 million, with a heavy emphasis on tax-deferred accounts. Their concerns include maximizing spending early in retirement, tax planning, and investment strategies...2024-06-1817 minRetire Ready with Kyle Hammerschmidt3 Withdrawal Strategies For Retirement IncomeSend us a textSummaryIn this episode, Kyle and Kolin discuss three common retirement portfolio income strategies: spending portfolio income, the 4% rule, and risk-based income guardrails. They explore the pros and cons of each strategy and provide examples to illustrate their application. The conversation delves into the nuances of each strategy, highlighting the considerations and implications for retirees.TakeawaysUnderstanding the different retirement portfolio income strategies is crucial for retirees to make informed decisions about their financial future.The 4% rule, spending portfolio income, and risk-based income guardrails...2024-06-1119 minRetire Ready with Kyle HammerschmidtInvesting Near & In RetirementSend us a textSummaryIn this episode of the Retire Ready podcast, Kolin and Kyle discuss investing in and near retirement. They start by explaining the difference between accumulation and decumulation phases and the importance of focusing on decumulation as retirement approaches. They then dive into the concept of 'naked investing,' where many people invest without a clear strategy or understanding of why they are investing. Kyle emphasizes the need for a thoughtful and well-planned approach to investing near and in retirement, considering factors like protection, liquidity, and growth. He also discusses the importance...2024-05-2818 minRetire Ready with Kyle HammerschmidtPaying Taxes Now vs Paying Taxes LaterSend us a textSummaryIn this episode, Kolin and Kyle discuss steps five and six of a tax-efficient retirement plan. Step five involves deciding whether to pay taxes now or later, considering factors such as income levels, deductions, and retirement account contributions. Step six focuses on the ongoing management of the plan, including diversifying income sources, maximizing Social Security, and adjusting strategies based on tax law changes. The episode highlights common mistakes to avoid, such as assuming lower taxes in retirement and withdrawing from retirement accounts in the wrong order.2024-05-2025 minRetire Ready with Kyle HammerschmidtMaximizing Retirement Spending & Minimizing Your Overall Tax BillSend us a textSummaryIn this episode, Kyle and Kolin discuss steps three and four of a tax-efficient retirement plan. Step three focuses on understanding the order of withdrawals, which involves categorizing money by tax impact and developing a withdrawal strategy. The goals of a withdrawal strategy include maximizing retirement spending, minimizing taxes, enhancing portfolio longevity, reducing long-term tax bills, and eliminating or reducing taxes on Social Security benefits. Step four involves understanding tax bracket capacity and planning for tax-efficient withdrawals. The hosts provide examples and case studies to illustrate these concepts.2024-05-1020 minRetire Ready with Kyle HammerschmidtThe 3 Tax Buckets In RetirementSend us a textSummaryIn this episode, Kyle and Kolin discuss the three tax funnels that can be used to build a tax-efficient retirement plan. The first funnel is the tax later bucket, where contributions are made with pre-tax dollars, such as employer plans and IRAs. Distributions from this account are taxed as income. The second funnel is the tax now bucket, where contributions are made with after-tax dollars, such as brokerage accounts. The growth or income from this account is subject to taxes. The third funnel is the tax never bucket, which...2024-05-0122 minRetire Ready with Kyle HammerschmidtUnderstanding Provisional Income & How It Affects Taxes On Your Social SecuritySend us a textIn this episode, Kolin and Kyle discuss step number one of a tax-efficient retirement plan: provisional income. Provisional income is used to determine whether a portion of your Social Security benefits are taxable. The four components of provisional income are non-taxable interest, ordinary income, dividends and capital gains, and half of the household Social Security benefit. They provide examples of two different strategies: the traditional strategy, where most income is subject to federal tax rates, and a tax-efficient strategy, where proactive tax planning is used to lower the tax bill and keep more...2024-04-2320 minRetire Ready with Kyle HammerschmidtThe 6 Steps To A Tax-Efficient Retirement PlanSend us a textSummaryIn this episode of the Retire Ready Podcast, Kolin and Kyle discuss the importance of tax planning in retirement. They highlight the underappreciation of tax planning by pre-retirees and their financial advisors, and emphasize that the lack of tax planning can result in paying more taxes than necessary. The hosts provide six steps to building a tax-efficient retirement plan, including mastering provisional income, categorizing money by tax impact, strategizing the order of withdrawals, measuring tax bracket capacity, deciding between paying taxes now or later, and engaging in ongoing tax...2024-04-1624 minRetire Ready with Kyle HammerschmidtHiring A Financial Advisor: The 6 Biggest Mistakes to AvoidSend us a textSummaryIn this conversation, Kyle and Kolin discuss the mistakes people make when hiring a financial advisor. They highlight 6 key mistakes and provide advice on how to avoid them. The mistakes include ignoring the importance of tax planning, not having a strategic investment plan, confusing fee-based and fee-only advisors, focusing on investments before comprehensive planning, relying on big financial firms for guidance, and not seeking a customized retirement plan. The conversation emphasizes the need for a clear understanding that not all financial advisors are created equal and encourages listeners to...2024-04-0919 minRetire Ready with Kyle HammerschmidtMailbag: Should I Take Social Security Now Or Wait Until I’m Done Working?Send us a textThis week on the show, we’re diving into the mailbag to answer some recent listener questions that have landed in Kyle’s inbox. He will share his thoughts on these inquiries and share helpful tips for those of you who might’ve found yourself in a similar situation. Stay tuned to see what you can learn!Here are the questions we tackle in today’s show:I’m 67 and have reached full retirement age for Social Security, but I don’t plan on retiring soon. Should I go ahead and...2024-01-2214 minRetire Ready with Kyle HammerschmidtMoney Mistakes You'll Regret and How to Avoid ThemSend us a text“Learn from the mistakes of others. You can’t live long enough to make them all yourself.” – Eleanor Roosevelt… Ever wish you could foresee financial missteps before they happen? In today’s episode explore some real-life stories of regret and arm yourself with the essential dos and don'ts to ensure your money works for you, not against you.Here’s some of what we discuss in this episode: Avoiding premature IRA withdrawals Spending too much in your peak earning years + being aware of “lifestyle creep” Being mindful of overspending on your...2023-11-0216 minRetire Ready with Kyle HammerschmidtRetirement Planning’s “Hidden” QuestionsSend us a textThe retirement planning world is filled with plenty of advice and suggestions, but there are critical questions lurking in the shadows – the unasked, the overlooked. These are the questions that can help define the comfort and security of your retirement future. In this episode, we unearth and tackle these hidden, but essential questions about retirement.Here’s some of what we discuss in this episode:The implications of tax-deferred accounts and how they affect your retirementHow much can you safely withdraw from your retirement savings each year?Do you...2023-10-1914 minRetire Ready with Kyle HammerschmidtAre There Universal Retirement Truths? (PART 2)Send us a textRetirement is a unique journey for each of us. The thought that there's a one-size-fits-all solution is a myth, but what if we told you there are certain universal truths that can guide every retiree? We’ve split this list of 10 truths into two episodes, and part one focused on income planning, long-term care, investing, longevity and inflation. Today we close out the final five retirement truths by covering investing guidance, taxes, working in retirement, and estate planning.Here are the truths we’ll discuss in this episode:2023-09-2814 minRetire Ready with Kyle HammerschmidtAre There Universal Retirement Truths? (PART 1)Send us a textRetirement is a unique journey for each of us. The thought that there's a one-size-fits-all solution is a myth, but what if we told you there are certain universal truths that can guide every retiree? Dive deep in this episode, where we juxtapose the individuality of retirement plans with the foundational principles that remain consistent across the board. We’ve broken it down into a list of 10 truths and we’ll tackle the first five in part one today. Here are the truths we’ll discuss in this...2023-09-1412 minRetire Ready with Kyle HammerschmidtExposing Retirement Planning ComplaintsSend us a textIn this episode, we’re tackling some common complaints and fears that can arise during the retirement planning process. These complaints often include concerns about advisors taking too much risk, dissatisfaction with account growth, high fees, worries about Social Security not being enough to retire on, and more. We'll discuss which concerns are well-founded, which are based on misconceptions, and offer insight on how retirees can best navigate their financial future.Here are some key takeaways from this episode:If you feel like your advisor is taking too mu...2023-08-1715 minRetire Ready with Kyle HammerschmidtBreaking Up is Hard: Navigating the Transition to a New Financial AdvisorSend us a textIn today's episode, we'll explore the sensitive and significant process of transitioning from one financial advisor to another. We'll cover how to recognize when your current advisor may no longer be serving your financial needs effectively, the right questions to ask, and crucial factors to consider when searching for a new financial partner.Join us as we explore the value of finding an advisor who aligns with your financial goals, offers personalized strategies, and provides emotional support for your retirement journey. Remember, retirement planning requires thoughtful consideration, so don't hesitate to...2023-08-0314 minRetire Ready with Kyle HammerschmidtBad Money Habits Could Spoil Your Retirement PartySend us a textPicture this: You're at your retirement party, finally ready to enjoy your golden years, but worries caused by some bad money habits have robbed you of fully enjoying the sweetness of the day. It happens to more people than you think, which is unfortunate because, with just a little bit of modification, you can rid some of the worst money habits from your life and set yourself up for retirement success. Here's what we’ll discuss on today’s show: Being addicted to the rising stock market. (1:57) Procr...2023-07-0617 minRetire Ready with Kyle HammerschmidtCounterintuitive Advice: Why You Should NOT Invest In A 401(k)Send us a textDon’t get us wrong. In many cases, your 401(k) can be your best investment vehicle, offering numerous benefits and tax advantages and many times a 100% return on some of your contributions (also known as an employer match). However, it's important to recognize that it might not always be the optimal choice for everyone. Join us in this thought-provoking episode as we dissect the reasons why someone should NOT invest in a 401(k). Here's what we’ll discuss on today’s show: If you do not have an...2023-06-2212 minRetire Ready with Kyle HammerschmidtDismantling 2023’s Top 10 Social Security Myths (Part 2)Send us a textWe’ll be debunking common myths about Social Security and answering the questions you might be curious about. Since we have a list of 10 to break down, we’ll divide it up into two episodes so make sure you check out both. In part two, we’ll focus on who is eligible for benefits, how they get calculated, and how working will affect your benefit. Here are the myths we’ll discuss today:You can’t work and receive Social Security benefits at the same time. ...2023-05-2513 minRetire Ready with Kyle HammerschmidtDismantling 2023’s Top 10 Social Security Myths (Part 1)Send us a textIn this episode, we'll be debunking common myths about Social Security and answering the questions you've been curious about. Since we have a list of 10 to breakdown, we’ll divide it up into two episodes so make sure you check out both. Here are the myths we’ll discuss today:The Social Security Administration will help you make the best decision about when to start your benefit. (2:17) You won’t get any Social Security if you’re a stay-at-home parent. (4:26)You won’t pay taxes on So...2023-05-1113 minRetire Ready with Kyle HammerschmidtRetirement Savings Basics: What’s The Purpose Of All My Accounts?Send us a textAre you aware that not all retirement accounts are created equal? It's crucial to understand the purpose and advantages of each type of account to make the best choice for your future. In this episode, we'll delve into the different types of retirement accounts, including 401(k)s, IRAs, Roths, and several other examples. Here are a few examples of what we’ll discuss today:The pros and cons of 401(k)s, 403(b)s, and 457 plans. (1:52) What is an IRA? (4:47)The pros and cons of FSAs and HSAs. (10:45)Breaking down...2023-04-2717 minRetire Ready with Kyle HammerschmidtTop Ten Tax Questions For Retirees In 2023Send us a textRetirement can come with a lot of tax questions and concerns. From understanding the tax implications of withdrawing from your retirement accounts to minimizing taxes on investment income, it can be overwhelming. In today’s episode, we’ll break down the top ten tax questions retirees are asking in 2023. Join us today as we discuss these things:The tax implications of withdrawing money from different retirement accounts. (2:21)Do pensions get taxed differently than other forms of income? (5:48)How the SECURE Act might impact your retirement income and taxes. (6:44)How...2023-04-2616 min
Retire Ready with Kyle HammerschmidtMailbag: Should I Pay Off My Mortgage Before Buying Rental Properties?Send us a textWe answer some listener questions on today's episode. We will talk about if using your commissions is a good retirement saving strategy, being tax efficient, and if you should pay off your mortgage before investing in rental properties.Helpful Info:Kyle's website: http://www.mokanwealth.com/Phone: 913-257-3991Tax-Free Retirement Toolkit: http://www.mokanwealth.com/shock/Subscribe to The Retire Ready Weekly NewsletterGet more information on The Retire Ready AcademyLooking for personalized financial planning? Visit our website2022-08-1814 min
Retire Ready with Kyle HammerschmidtPlanning For Retirement’s UncertaintiesSend us a textThere are many things that we know we’ll have to deal with in retirement, we just don’t know how to predict when or to what degree. How do you construct a plan that deals with the unpredictability of these different factors?Helpful Info:Kyle's website: http://www.mokanwealth.com/Phone: 913-257-3991Tax-Free Retirement Toolkit: http://www.mokanwealth.com/shock/Subscribe to The Retire Ready Weekly NewsletterGet more information on The Retire Ready AcademyLooking for personalized financial plan...2022-08-0413 min
Retire Ready with Kyle HammerschmidtAre You A Risk Taker? How To See If Your Tolerance For Risk Matches Your PlanSend us a textLet’s see if your tolerance for risk matches your financial plan. What should you do if that balance is out of whack? What if you’re a natural risk taker, but you really shouldn’t be when it comes to your finances? We’ll explore all of these angles as we break down the role of risk in your financial and retirement plan.Helpful Info:Kyle's website: http://www.mokanwealth.com/Phone: 913-257-3991Tax-Free Retirement Toolkit: http://www.mokanwealth.com/shock/Subscrib...2022-07-0716 min
Retire Ready with Kyle HammerschmidtSpotting Red Flags When Picking An AdvisorSend us a textDo you know what red flags, but also some good signs, to be on the lookout for when you’re searching for an advisor to work with as you prepare for retirement? On this episode, we’ll give you some red flags to be aware of, and teach you how to spot them.Helpful Info:Kyle's website: http://www.mokanwealth.com/Phone: 913-257-3991Tax-Free Retirement Toolkit: http://www.mokanwealth.com/shock/Subscribe to The Retire Ready Weekly NewsletterGet more information on T...2022-06-2313 min
Retire Ready with Kyle HammerschmidtSecret To Retirement Success: Get Out Of Your Own WaySend us a textThere are plenty of external factors that often negatively influence our chances of having a successful retirement. But often, failure comes from within. On this episode, we’ll talk about some of the common ways people get in their own way when it comes to financial planning.Helpful Info:Kyle's website: http://www.mokanwealth.com/Phone: 913-257-3991Tax-Free Retirement Toolkit: http://www.mokanwealth.com/shock/Subscribe to The Retire Ready Weekly NewsletterGet more information on The Retire Ready AcademyLo...2022-06-0216 min
Retire Ready with Kyle HammerschmidtCan I Retire At 55?Send us a textA recent Yahoo! Finance article explored the idea of retiring early at the age of 55 to see if it was feasible. We’ll break down some of the issues facing folks who want to retire early on this episode, but for some additional fun let’s look at the comment section to see what questions and advice the peanut gallery has for us to consider.Yahoo Article: https://yhoo.it/3sI6isrHelpful Info:Kyle's website: http://www.mokanwealth.com/Phone: 913-257-3991Tax...2022-05-1919 min
Retire Ready with Kyle HammerschmidtThe Most Important Birthdays In Retirement PlanningSend us a textThere are certain age milestones where you should really pay attention to your retirement planning progress. On this episode, we’ll look at the most important birthdays as you approach retirement and cover the exact things you should be checking off your to-do list at each age.Helpful Info:Kyle's website: http://www.mokanwealth.com/Phone: 913-257-3991Tax-Free Retirement Toolkit: http://www.mokanwealth.com/shock/Subscribe to The Retire Ready Weekly NewsletterGet more information on The Retire Ready AcademyLo...2022-04-2115 min
Retire Ready with Kyle HammerschmidtUnderstanding Financial Jargon: Investment Terms You Should KnowSend us a textThere are some important terms you’re going to come across as you prepare for retirement. Having a basic understanding of these will help you achieve financial success, so we’ll cover what they mean and what you should know on today’s episode. And don’t worry. We won’t go quite so far down the rabbit hole where we expect you to be able to explain how a company’s P/E ratio meshes with its Alpha and Beta ratings to determine how much stock you should buy.Helpful Info:...2022-04-0713 min
Retire Ready with Kyle HammerschmidtWho Even Needs A Financial Advisor?Send us a textSome people feel that they’ll save money by handling their investments themselves instead of working with an advisor. Others may like the challenge of doing it themselves. Still others just don’t know who to trust so they end up not working with anyone. Let’s talk about some reasons that you might need an advisor.Helpful Info:Kyle's website: http://www.mokanwealth.com/Phone: 913-257-3991Tax-Free Retirement Toolkit: http://www.mokanwealth.com/shock/Subscribe to The Retire Ready Weekly NewsletterGe...2022-03-1014 min
Retire Ready with Kyle HammerschmidtPlanning For Things We Can’t PredictSend us a textThere are certain things in life we just can’t predict. If we knew the answers to some of these questions, planning for retirement would sure be a lot easier. So let’s see how you go about constructing a plan that addresses the kinds of questions to which you can’t possibly know the answers.Helpful Info:Kyle's website: http://www.mokanwealth.com/Phone: 913-257-3991Tax-Free Retirement Toolkit: http://www.mokanwealth.com/shock/Subscribe to The Retire Ready Weekly NewsletterGet mo...2022-02-2413 min
Retire Ready with Kyle HammerschmidtRetirement Potpourri: Fill In The BlankSend us a textTime for a little fun on this episode. We’ll use some fill in the blank prompts to spark good discussion about relationships between advisors and their clients, the stock market, common planning mistakes, and much more!Helpful Info:Kyle's website: http://www.mokanwealth.com/Phone: 913-257-3991Tax-Free Retirement Toolkit: http://www.mokanwealth.com/shock/Subscribe to The Retire Ready Weekly NewsletterGet more information on The Retire Ready AcademyLooking for personalized financial planning? Visit our websiteDi...2022-01-2714 min
Retire Ready with Kyle HammerschmidtDon’t Fumble Your Retirement In The Financial Red ZoneSend us a textIn football, teams are extra careful not to make a mistake when they get within about 20 yards of scoring points (known as the Red Zone). They’ve typically worked hard to get to that point and don’t want to cost themselves by throwing an interception or fumbling the ball and giving it to the other team. On this episode, we’ll explore the financial equivalent of the Red Zone and discuss how you can really mess things up if you’re not careful during this phase of your life. If you’re approachin...2022-01-1310 min
Retire Ready with Kyle Hammerschmidt22 Money Resolutions for 2022, Part 2Send us a textThis is part 2 to our resolutions for 2022. See if you might be able to implement a couple of these to kick off the new year in good, financial health.Helpful Info:Kyle's website: http://www.mokanwealth.com/Phone: 913-257-3991Tax-Free Retirement Toolkit: http://www.mokanwealth.com/shock/Subscribe to The Retire Ready Weekly NewsletterGet more information on The Retire Ready AcademyLooking for personalized financial planning? Visit our websiteDisclosure: You should always consult a financial, tax...2021-12-3016 min
Retire Ready with Kyle Hammerschmidt22 Money Resolutions for 2022, Part 1Send us a textYou might not be able to follow through on all 22 of these resolutions, but implement even just a few of these and you’ll be well on your way to a more prosperous financial life in the coming year. We will go over the first 11 resolutions on today's show.Helpful Info:Kyle's website: http://www.mokanwealth.com/Phone: 913-257-3991Tax-Free Retirement Toolkit: http://www.mokanwealth.com/shock/Subscribe to The Retire Ready Weekly NewsletterGet more information on The Retire Ready Ac...2021-12-1621 min
Retire Ready with Kyle HammerschmidtWhere Financial Advisors Drop The BallSend us a textWe see a lot of people who aren’t getting the kind of advice and service from their financial advisor that they should be. In a lot of cases, the advisor is only "managing the investments,” but not providing guidance in other areas. Let’s talk about some of the things that your advisor should be doing.Helpful Info:Kyle's website: http://www.mokanwealth.com/Phone: 913-257-3991Tax-Free Retirement Toolkit: http://www.mokanwealth.com/shock/Subscribe to The Retire Ready Weekly NewsletterGe...2021-11-2313 min
Retire Ready with Kyle HammerschmidtHandling Unreasonable RequestsSend us a textCertainly, none of our podcast listeners would be guilty of making unreasonable requests, but let’s talk about some of the unreasonable requests we hear from others in the financial world. We’ll explore what makes them unreasonable and what proper expectations look like instead.Helpful Info:Kyle's website: http://www.mokanwealth.com/Phone: 913-257-3991Tax-Free Retirement Toolkit: http://www.mokanwealth.com/shock/Subscribe to The Retire Ready Weekly NewsletterGet more information on The Retire Ready AcademyLooking for pers...2021-11-1116 min
Retire Ready with Kyle HammerschmidtFinancial Mistakes Couples Often MakeSend us a textGetting husbands and wives on the same page with their retirement plan can often be a challenge. Let’s talk about some of the things that couples often mess up.Helpful Info:Kyle's website: http://www.mokanwealth.com/Phone: 913-257-3991Tax-Free Retirement Toolkit: http://www.mokanwealth.com/shock/Subscribe to The Retire Ready Weekly NewsletterGet more information on The Retire Ready AcademyLooking for personalized financial planning? Visit our websiteDisclosure: You should always consult a financial, ta...2021-10-2114 min
Retire Ready with Kyle HammerschmidtSpotting Red Flags In Your FinancesSend us a textDepending on your answers, the questions we cover on today’s show might raise red flags about your finances.Helpful Info:Kyle's website: http://www.mokanwealth.com/Phone: 913-257-3991Tax-Free Retirement Toolkit: http://www.mokanwealth.com/shock/Subscribe to The Retire Ready Weekly NewsletterGet more information on The Retire Ready AcademyLooking for personalized financial planning? Visit our websiteDisclosure: You should always consult a financial, tax, or legal professional familiar with your unique circumstances before making an...2021-10-0715 min
Retire Ready with Kyle HammerschmidtJust What The Financial Doctor OrderedSend us a textSo, you’re experiencing some concerning symptoms? Let’s have a visit with the money “doctor” to see what financial prescriptions you might need.Helpful Info:Kyle's website: http://www.mokanwealth.com/Phone: 913-257-3991Tax-Free Retirement Toolkit: http://www.mokanwealth.com/shock/Subscribe to The Retire Ready Weekly NewsletterGet more information on The Retire Ready AcademyLooking for personalized financial planning? Visit our websiteDisclosure: You should always consult a financial, tax, or legal professional familiar with your uni...2021-09-0214 min
Retire Ready with Kyle HammerschmidtRetirement Plan Customization Is KingSend us a textMost people understand that a customized retirement plan is much better than a one-size-fits-all approach. And yet, most people don’t have a plan that’s truly customized. Let’s talk about some of the things that need to be considered if you’re going to build a truly customized plan.Helpful Info:Kyle's website: http://www.mokanwealth.com/Phone: 913-257-3991Tax-Free Retirement Toolkit: http://www.mokanwealth.com/shock/Subscribe to The Retire Ready Weekly NewsletterGet more information on The Retire R...2021-08-1913 min
Retire Ready with Kyle HammerschmidtNot Your Father’s RetirementSend us a textIf you’re of the age that your mom and dad retired 20 or 30 years ago, the world was a much different place when they walked away from their paychecks. Let’s talk about how things are different now.Helpful Info:Kyle's website: http://www.mokanwealth.com/Phone: 913-257-3991Tax-Free Retirement Toolkit: http://www.mokanwealth.com/shock/Subscribe to The Retire Ready Weekly NewsletterGet more information on The Retire Ready AcademyLooking for personalized financial planning? Visit our website...2021-06-2414 min
Retire Ready with Kyle HammerschmidtLearning Through Uncommon SenseSend us a textAt first glance, each of these statements seem like basic common sense that everyone agrees with. But when we look at the way people actually behave with their money, it seems that common sense is actually a bit uncommon.Helpful Info:Kyle's website: http://www.mokanwealth.com/Phone: 913-257-3991Tax-Free Retirement Toolkit: http://www.mokanwealth.com/shock/Subscribe to The Retire Ready Weekly NewsletterGet more information on The Retire Ready AcademyLooking for personalized financial planning? Visit our website2021-06-1014 min
Retire Ready with Kyle HammerschmidtFact Or FictionSend us a textSometimes the easiest way to learn about something is make it really simple. Like some of the first true/false tests you might have taken in school, let’s play a round of fact or fiction to test your financial planning acuity.Helpful Info:Kyle's website: http://www.mokanwealth.com/Phone: 913-257-3991Tax-Free Retirement Toolkit: http://www.mokanwealth.com/shock/Subscribe to The Retire Ready Weekly NewsletterGet more information on The Retire Ready AcademyLooking for personalized financial planning? Vi...2021-05-1313 min
Retire Ready with Kyle HammerschmidtFlirting With DisasterSend us a textLet’s talk about some of the areas of your financial life where you might be flirting with disaster and don’t even know it.Helpful Info:Kyle's website: https://mokanfinancial.com/Phone: 913-257-3991Tax-Free Retirement Toolkit: https://mokanfinancial.com/shock/Subscribe to The Retire Ready Weekly NewsletterGet more information on The Retire Ready AcademyLooking for personalized financial planning? Visit our websiteDisclosure: You should always consult a financial, tax, or legal professional familiar with your unique...2021-04-2914 min
Retire Ready with Kyle HammerschmidtThis Is Why You Never AssumeSend us a textWe often see people making certain assumptions about retirement that just aren’t correct. Let’s explore some of those on today's show.Helpful Info:Kyle's website: https://mokanfinancial.com/Phone: 913-257-3991Tax-Free Retirement Toolkit: https://mokanfinancial.com/shock/Subscribe to The Retire Ready Weekly NewsletterGet more information on The Retire Ready AcademyLooking for personalized financial planning? Visit our websiteDisclosure: You should always consult a financial, tax, or legal professional familiar with your unique circumstances before...2021-04-0812 min
Retire Ready with Kyle HammerschmidtMarch Madness Retirement LessonsSend us a textIt’s an annual tradition! Well, except for 2020 when the tournament was cancelled. But it’s time to look at the NCAA tournament and see what kind of financial planning lessons we can learn from it.Helpful Info:Kyle's website: https://mokanfinancial.com/Phone: 913-257-3991Tax-Free Retirement Toolkit: https://mokanfinancial.com/shock/Subscribe to The Retire Ready Weekly NewsletterGet more information on The Retire Ready AcademyLooking for personalized financial planning? Visit our websiteDisclosure: You should always...2021-03-2512 min
Retire Ready with Kyle HammerschmidtGetting More Involved In Retirement PlanningSend us a textOn this episode, let’s go over some tips for how men, or women can get back in the game when it comes to involvement in the process of making financial decisions.Helpful Info:Kyle's website: https://mokanfinancial.com/Phone: 913-257-3991Tax-Free Retirement Toolkit: https://mokanfinancial.com/shock/Subscribe to The Retire Ready Weekly NewsletterGet more information on The Retire Ready AcademyLooking for personalized financial planning? Visit our websiteDisclosure: You should always consult a financial, tax...2021-03-1114 min
Retire Ready with Kyle Hammerschmidt2021 Tax Tips RecapSend us a textAs you get ready to file 2020 taxes and look ahead to the rest of this year’s tax implications, let’s cover some of the changes you need to be aware of and answer some important tax questions.Helpful Info:Kyle's website: https://mokanfinancial.com/Phone: 913-257-3991Tax-Free Retirement Toolkit: https://mokanfinancial.com/shock/Subscribe to The Retire Ready Weekly NewsletterGet more information on The Retire Ready AcademyLooking for personalized financial planning? Visit our websiteDisclosure: You sh...2021-02-2516 min
Retire Ready with Kyle HammerschmidtMailbag ShowSend us a textToday we answer some mailbag questions that have come into the show over the past few weeks. We discuss early Social Security, strategically using life insurance, and much more.Helpful Info:Kyle's website:Â https://mokanfinancial.com/Phone: 913-257-3991Tax-Free Retirement Toolkit:Â https://mokanfinancial.com/shock/Subscribe to The Retire Ready Weekly NewsletterGet more information on The Retire Ready AcademyLooking for personalized financial planning? Visit our websiteDisclosure: You should always consult a financial, tax, or legal pr...2021-01-2118 min
Retire Ready with Kyle HammerschmidtWhat Are The Three Qualities Of Money?Send us a textIf you don’t know the answer to the question, then this episode is for you. On this episode, we’ll explore the three qualities of money, discuss whether you can achieve them in a single investment, and how to put the right emphasis on the different qualities. It’s really quiet basic, but understanding these fundamentals can make an enormous difference in your financial life.Helpful Info:Kyle's website: https://mokanfinancial.com/Phone: 913-257-3991Tax-Free Retirement Toolkit: https://mokanfinancial.com/shock/Subscrib...2021-01-0713 min
Retire Ready with Kyle HammerschmidtA 5 Question Retirement Preparedness QuizSend us a textWant to grade your preparedness for retirement? Here are five key questions you need to ask yourself. Your answers will help determine how ready you are for retirement. We also spend a few minutes on variable annuities this week.Helpful Info:Kyle's website:Â https://mokanfinancial.com/Phone: 913-257-3991Tax-Free Retirement Toolkit:Â https://mokanfinancial.com/shock/Subscribe to The Retire Ready Weekly NewsletterGet more information on The Retire Ready AcademyLooking for personalized financial planning? Visit our websiteDi...2020-12-0317 min
Retire Ready with Kyle HammerschmidtHow To Pick The Right AdvisorSend us a textA lot of concern goes into trying to pick the proper investments, build a balanced portfolio, and getting the highest return. But how much time have you really put into finding the right advisor to work together with on all these tasks and more? So, we want to clear some of that up on this episode and clarify some of the ways you can evaluate your current advisor relationship and how to shop for, and find, the right advisor for you.Helpful Info:Kyle's website:Â https://mokanfinancial.com/2020-11-1914 min
Retire Ready with Kyle Hammerschmidt20/20 HindsightSend us a textJust like any decision in life, making financial choices would be a lot easier with the benefit of hindsight. Let’s talk about some of the things we might hear from people who wish they’d done things differently after looking in the rear view mirror.Helpful Info:Kyle's website: https://mokanfinancial.com/Phone: 913-257-3991Tax-Free Retirement Toolkit: https://mokanfinancial.com/shock/Subscribe to The Retire Ready Weekly NewsletterGet more information on The Retire Ready AcademyLooking for personalized financ...2020-10-1515 min
Retire Ready with Kyle HammerschmidtObsolete Retirement Planning IdeasSend us a textJust like your iPhone or your computer can become obsolete and need to be replaced, the way that some people think about retirement is obsolete and needs to be replaced. Let’s talk about some outdated ideas that people still cling to.Helpful Info:Kyle's website: https://mokanfinancial.com/Phone: 913-257-3991Tax-Free Retirement Toolkit: https://mokanfinancial.com/shock/Subscribe to The Retire Ready Weekly NewsletterGet more information on The Retire Ready AcademyLooking for personalized financial planning? Visit our webs...2020-10-0115 min
Retire Ready with Kyle HammerschmidtLet’s Put Your IRA Under Some ScrutinySend us a textThe IRA is an incredibly popular vehicle to save for retirement. But are you being too passive about how you’re saving and investing inside that account? Let’s put your IRA through some scrutiny to see if you’re truly taking advantage of all it has to offer and understand its pros and cons.Helpful Info:Kyle's website: https://mokanfinancial.com/Phone: 913-257-3991Tax-Free Retirement Toolkit: https://mokanfinancial.com/shock/Subscribe to The Retire Ready Weekly NewsletterGet more information on The R...2020-09-1712 min
Retire Ready with Kyle HammerschmidtHow To Build Your Financial HouseSend us a textFor some people, the idea of putting together a financial plan doesn’t sound like much fun. But the idea of building a home sounds like a lot of fun. So let’s find the similarities in building a strong financial plan and a dream home.Helpful Info:Kyle's website: https://mokanfinancial.com/Phone: 913-257-3991Tax-Free Retirement Toolkit: https://mokanfinancial.com/shock/Subscribe to The Retire Ready Weekly NewsletterGet more information on The Retire Ready AcademyLooking for personalized financ...2020-09-0311 min
Retire Ready with Kyle HammerschmidtAre You Clinging To False Hope?Send us a textAre you retirement ready? Do you just plan to cross that bridge when you come to it? This week we look at some places where false hope can leave us in a position we truly do not want to be in. The good news is it's something we can remedy with proper planning and conversations with a financial advisor.Helpful Info:Kyle's website:Â https://mokanfinancial.com/Phone: 913-257-3991Tax-Free Retirement Toolkit:Â https://mokanfinancial.com/shock/Subscribe to The Retire Ready Weekly Newsletter2020-08-0614 min
Retire Ready with Kyle HammerschmidtClassic Rookie MistakesSend us a textThere are some financial planning blunders that are interesting to talk about but are quite rare in reality. On the other hand, there are some financial planning mistakes that happen far too often. Let’s talk about the mistakes so many people have made in the past it has made them “classic”.Helpful Info:Kyle's website: https://mokanfinancial.com/Phone: 913-257-3991Tax-Free Retirement Toolkit: https://mokanfinancial.com/shock/Subscribe to The Retire Ready Weekly NewsletterGet more information on The Retire Ready Ac...2020-07-2315 min
Retire Ready with Kyle HammerschmidtYou Say One Thing, But You Do AnotherSend us a textWe’ve found that—for a lot of people—what they say and what they do don’t necessarily match. Let’s look at some examples in the financial world where you might be saying one thing, but your behavior indicates something different, and you don’t even realize it.Helpful Info:Kyle's website: https://mokanfinancial.com/Phone: 913-257-3991Tax-Free Retirement Toolkit: https://mokanfinancial.com/shock/Subscribe to The Retire Ready Weekly NewsletterGet more information on The Retire Ready AcademyLooking fo...2020-07-0914 min
Retire Ready with Kyle HammerschmidtTraditional Vs Roth IRASend us a textIt seems that most people don’t have a clear picture of whether they should contribute to a traditional IRA or a Roth. Let’s discuss how to determine what’s best for you.Helpful Info:Kyle's website: https://mokanfinancial.com/Phone: 913-257-3991Tax-Free Retirement Toolkit: https://mokanfinancial.com/shock/Subscribe to The Retire Ready Weekly NewsletterGet more information on The Retire Ready AcademyLooking for personalized financial planning? Visit our websiteDisclosure: You should always consult a financ...2020-06-2511 min
Retire Ready with Kyle HammerschmidtFinancial “Strategies” That Just Don’t WorkSend us a textLet’s talk about some financial planning “strategies” that don’t really work (even though some people, even some financial advisors, believe in them).Helpful Info:Kyle's website: https://mokanfinancial.com/Phone: 913-257-3991Tax-Free Retirement Toolkit: https://mokanfinancial.com/shock/Subscribe to The Retire Ready Weekly NewsletterGet more information on The Retire Ready AcademyLooking for personalized financial planning? Visit our websiteDisclosure: You should always consult a financial, tax, or legal professional familiar with your unique circumstan...2020-06-0414 min
Retire Ready with Kyle HammerschmidtHidden Gems In Your Retirement PlanSend us a textIf you’re like most people, you probably have some financial accounts that you haven’t paid much attention to recently. The statements are just collecting dust in your file cabinet, but they might actually be hidden gems that could be put to much better use. Let’s talk about some of the accounts that people tend to ignore for too long.Helpful Info:Kyle's website: https://mokanfinancial.com/Phone: 913-257-3991Tax-Free Retirement Toolkit: https://mokanfinancial.com/shock/Subscribe to The Retire Ready We...2020-05-2112 min
Retire Ready with Kyle HammerschmidtHow To Avoid Critical Retirement Planning MistakesSend us a textLet’s talk about some of the common mistakes that we see being made time and time again by retirees and pre-retirees.Helpful Info:Kyle's website: https://mokanfinancial.com/Phone: 913-257-3991Tax-Free Retirement Toolkit: https://mokanfinancial.com/shock/Subscribe to The Retire Ready Weekly NewsletterGet more information on The Retire Ready AcademyLooking for personalized financial planning? Visit our websiteDisclosure: You should always consult a financial, tax, or legal professional familiar with your unique circumstances before maki...2020-05-1415 min
Retire Ready with Kyle HammerschmidtAre You Paying Attention To Your Biggest Assets?Send us a textIf you really took inventory of your financial situation, you might find that you’ve been taking for granted some assets that make up a huge piece of your puzzle. Is it possible you should be putting a little more thought into some of these assets?Helpful Info:Kyle's website: https://mokanfinancial.com/Phone: 913-257-3991Tax-Free Retirement Toolkit: https://mokanfinancial.com/shock/Subscribe to The Retire Ready Weekly NewsletterGet more information on The Retire Ready AcademyLooking for personalized fina...2020-04-3013 min
Retire Ready with Kyle HammerschmidtActive Vs Passive ManagementSend us a textMany people can get these two styles of investing confused, but today we look to gain clarity on these two terms. We talk about the main differences between an active versus passive management strategy and the situations that are suitable for each strategy.Helpful Info:Kyle's website:Â https://mokanfinancial.com/Phone: 913-257-3991Tax-Free Retirement Toolkit:Â https://mokanfinancial.com/shock/Subscribe to The Retire Ready Weekly NewsletterGet more information on The Retire Ready AcademyLooking for personalized financial planning? Visit ou...2020-04-0211 min
Retire Ready with Kyle HammerschmidtFinancial TruthsSend us a textA lot of things in the financial landscape have an “it depends” resolution. It can be frustrating when things are so fluid and vary person to person. So, let’s discuss some financial truths that we can state with confidence and see what we can learn from them. Helpful Info:Kyle's website: https://mokanfinancial.com/Phone: 913-257-3991Tax-Free Retirement Toolkit: https://mokanfinancial.com/shock/Subscribe to The Retire Ready Weekly NewsletterGet more information on The Retire Ready AcademyLooking for pers...2020-03-1913 min
Retire Ready with Kyle HammerschmidtHow To Set Financial & Retirement GoalsSend us a textWe talk all the time about how people need to give their dollars purpose or set goals for their retirement and even specifically for certain investments. But let’s dive deeper into what different goals look like for various folks approaching retirement. How do you determine if a goal is realistic or out of reach? We’ll tackle that conversation with plenty of examples on this episode.Helpful Info:Kyle's website: https://mokanfinancial.com/Phone: 913-257-3991Tax-Free Retirement Toolkit: https://mokanfinancial.com/shock/Subs...2020-02-2010 min
Retire Ready with Kyle HammerschmidtEverything You Need To Know About Roth ConversionsSend us a textThe idea of a Roth conversion is intriguing to a lot of people, and for some people it can be a great strategy to enact. Let’s explore the concept.Helpful Info:Kyle's website: https://mokanfinancial.com/Phone: 913-257-3991Tax-Free Retirement Toolkit: https://mokanfinancial.com/shock/Subscribe to The Retire Ready Weekly NewsletterGet more information on The Retire Ready AcademyLooking for personalized financial planning? Visit our websiteDisclosure: You should always consult a financial, tax, or lega...2020-02-0612 min
Retire Ready with Kyle HammerschmidtTop 5 Social Security MisunderstandingsSend us a textMyths, rumors, and misunderstandings are pervasive in the world of Social Security. On this show, we’ll look to clear up the top 5 misunderstandings about Social Security.Helpful Info:Kyle's website: https://mokanfinancial.com/Phone: 913-257-3991Tax-Free Retirement Toolkit: https://mokanfinancial.com/shock/Subscribe to The Retire Ready Weekly NewsletterGet more information on The Retire Ready AcademyLooking for personalized financial planning? Visit our websiteDisclosure: You should always consult a financial, tax, or legal professional familiar with...2019-12-0512 min
Retire Ready with Kyle HammerschmidtSabotaging Your Own RetirementSend us a textWith all of the things in the financial world that you can’t control, why would you sabotage your own retirement by messing up the things you can control? Let’s discuss some ways that people sabotage their own financial health...Helpful Info:Kyle's website: https://mokanfinancial.com/Phone: 913-257-3991Tax-Free Retirement Toolkit: https://mokanfinancial.com/shock/Subscribe to The Retire Ready Weekly NewsletterGet more information on The Retire Ready AcademyLooking for personalized financial planning? Visit our website2019-11-2113 min
Retire Ready with Kyle HammerschmidtHow To Live A Retirement Without RegretSend us a textSimple mistakes can sometimes lead to larger regrets in retirement. On today’s show, we’ll explore some of the things you can do to avoid living with regret in retirement.Helpful Info:Kyle's website: https://mokanfinancial.com/Phone: 913-257-3991Tax-Free Retirement Toolkit: https://mokanfinancial.com/shock/Subscribe to The Retire Ready Weekly NewsletterGet more information on The Retire Ready AcademyLooking for personalized financial planning? Visit our websiteDisclosure: You should always consult a financial, tax, or leg...2019-11-0713 min
Retire Ready with Kyle HammerschmidtRetirement Constants That Affect EveryoneSend us a textWhile there are some factors that are different for everyone in retirement planning (variables), there are also constants that affect everyone, no matter the specifics of your situation. How do we plan around these constants?Helpful Info:Kyle's website:Â https://mokanfinancial.com/Phone: 913-257-3991Tax-Free Retirement Toolkit:Â https://mokanfinancial.com/shock/Subscribe to The Retire Ready Weekly NewsletterGet more information on The Retire Ready AcademyLooking for personalized financial planning? Visit our websiteDisclosure: You should always co...2019-10-1716 min
Retire Ready with Kyle HammerschmidtWhy The Final Decade Of Work Is So ImportantSend us a textThe last decade of your working life is a very important one from a retirement planning perspective. Let’s talk about some of the things you want to be sure you address during that 10-year period...Helpful Info:Kyle's website: https://mokanfinancial.com/Phone: 913-257-3991Tax-Free Retirement Toolkit: https://mokanfinancial.com/shock/Subscribe to The Retire Ready Weekly NewsletterGet more information on The Retire Ready AcademyLooking for personalized financial planning? Visit our websiteDisclosure: You should alwa...2019-10-0311 min
Retire Ready with Kyle HammerschmidtWhat Flying Teaches Us About RetirementSend us a textThere are some important lessons that flying can teach us about retirement planning. So check your luggage, strap into your seat and let's take a trip with Kyle.Helpful Info:Kyle's website:Â https://mokanfinancial.com/Phone: 913-257-3991Tax-Free Retirement Toolkit:Â https://mokanfinancial.com/shock/Subscribe to The Retire Ready Weekly NewsletterGet more information on The Retire Ready AcademyLooking for personalized financial planning? Visit our websiteDisclosure: You should always consult a financial, tax, or legal professional fa...2019-09-1914 min
Retire Ready with Kyle HammerschmidtExposing 401(k) WeaknessesSend us a textYour 401k can be your most powerful retirement savings tool. But it’s not perfect. Let’s talk about some of the weaknesses that you should be aware of in your 401k (or 403b...or TSP...or 457 plan).Helpful Info:Kyle's website: https://mokanfinancial.com/Phone: 913-257-3991Tax-Free Retirement Toolkit: https://mokanfinancial.com/shock/Subscribe to The Retire Ready Weekly NewsletterGet more information on The Retire Ready AcademyLooking for personalized financial planning? Visit our websiteDisclosure: You sh...2019-08-0112 min
Retire Ready with Kyle HammerschmidtWhy Should Plan For Retirement With A Sense Of UrgencySend us a textSome people (in fact, probably most people) find it easy to procrastinate when it comes to financial planning issues. But let’s talk about some scenarios that might cause people to have a bit more sense of urgency.Helpful Info:Kyle's website: https://mokanfinancial.com/Phone: 913-257-3991Tax-Free Retirement Toolkit: https://mokanfinancial.com/shock/Subscribe to The Retire Ready Weekly NewsletterGet more information on The Retire Ready AcademyLooking for personalized financial planning? Visit our websiteDisclosure: You...2019-07-2515 min
Retire Ready with Kyle HammerschmidtThe 5 Most Common “Pain Points” In Your Financial LifeSend us a textWhen it comes to financial planning, everybody has some kind of pain point. Those pain points are different for each person, but everyone has something that bothers them. Kyle tells us about some times where he's helped clients through these frustrating areas.Subscribe to The Retire Ready Weekly NewsletterGet more information on The Retire Ready AcademyLooking for personalized financial planning? Visit our websiteDisclosure: You should always consult a financial, tax, or legal professional familiar with your unique circumstances before making any financial decisions. This...2019-04-0419 min
Retire Ready with Kyle HammerschmidtComing Soon - An Introduction To The "Financially Fit" PodcastSend us a textFinancial and retirement planning guidance from Kyle Hammerschmidt of Mokan Financial in Overland Park, KS. We'll teach you how to properly plan for retirement and your financial future. The first episode is coming soon!https://www.mokanfinancial.com/Subscribe to The Retire Ready Weekly NewsletterGet more information on The Retire Ready AcademyLooking for personalized financial planning? Visit our websiteDisclosure: You should always consult a financial, tax, or legal professional familiar with your unique circumstances before making any financial decisions. This podcast is...2019-03-1501 min