Shows
Retire On Your Best Path with Liz WhitteberryWhat The “Big Beautiful Bill” Means for Your Retirement PlanThe “One Big Beautiful Bill” just passed, and it’s packed with opportunities for retirees and pre-retirees who want to make the most of their tax strategy. In this episode, Liz walks through how the new legislation affects income planning, deductions, Roth conversions, charitable giving, and more. While some provisions are now labeled “permanent,” Liz reminds us that in the tax world, nothing stays fixed forever. That’s why smart retirees shouldn’t wait to act.Here’s some of what we discuss in today’s show:What “permanent” really means in tax lawKey updates to the SALT ca...2025-07-2419 min
Retire On Your Best Path with Liz WhitteberryYou May Be Retired Longer Than You ThinkWhat if your retirement starts sooner than you anticipated? Many Americans think they'll retire at 65 or later, but studies show the average retirement age is actually 62. From layoffs to health issues to caregiving responsibilities, unexpected events can shift your retirement timeline. And with people living longer than ever, your retirement could last 30+ years.This episode, Liz and Marc break down insights from J.P. Morgan’s Guide to Retirement- including two critical charts that might reshape the way you think about your retirement years. Here’s some of what we discuss in today’s show:2025-07-1020 min
Retire On Your Best Path with Liz WhitteberryBounce Back Smarter: Learning From Financial MisstepsAlmost everyone has made financial mistakes, whether it was listening to bad advice, panicking in a downturn, or investing in products that weren’t fully understood. These setbacks can feel overwhelming, but more than likely, you made the best decision you could at the time with the information you had. In this episode, Liz offers a practical, judgment-free guide for how to overcome financial setbacks and move toward retirement with confidence. Here’s some of what we discuss in today’s show:How fear, confusion, and poor advice play a big role in bad decisio...2025-06-2615 min
Retire On Your Best Path with Liz WhitteberryThe 4% Rule Got An Upgrade- Now What?For decades, the 4% rule has been a popular rule of thumb for retirement income planning- withdraw 4% annually from your portfolio, and your money should last 30 years. But now, the original creator of the rule is updating it. What’s changed? And should you change your retirement plan too? Here’s some of what we discuss in today’s show:The 4% rule is now 4.7%... should you celebrate?Having flexibility and guardrails for your income plan Market cycles, inflation, and risk tolerance: it all mattersRules of thumb vs. real retirement mathChoosing a withdrawal rate that fits your pla...2025-06-1217 min
Retire On Your Best Path with Liz WhitteberryWhere To Save Your Next DollarHow do you decide where to save your next dollar? Are you overlooking the most tax-efficient account available to you? With so many options, it’s easy to feel stuck or unsure about what makes the most sense. Not every savings option offers the same benefits, and using the right account at the right time may lead to serious tax advantages and long-term flexibility. In today’s episode, Liz breaks down where to consider putting your next dollar—and the dollar after that—based on tax benefits, your goals, and time horizon. Here’s some of what...2025-05-2219 min
Retire On Your Best Path with Liz WhitteberryNavigating Finances After Losing a Spouse: Strategies & Mistakes to AvoidLosing a spouse is an unimaginably tough life event, but the financial implications can add another layer of stress to the grieving process. In this episode, we delve deep into the most common financial issues faced by widows and widowers, from dealing with income gaps to navigating tax changes as a single filer. We explore actionable strategies to address these problems, such as the importance of life insurance, the ins and outs of spousal pension continuation, and how Roth conversions can offer critical tax advantages for surviving spouses. Here’s some of what we discuss in tod...2025-05-0817 min
Retire On Your Best Path with Liz WhitteberryCan You Retire In A Down Market?Can you really retire when the market is down? Do you have enough stability in your portfolio to weather the storm? In this episode, Liz answers that exact question by walking through the practical steps and mindset shifts that make a confident retirement possible- even in uncertain times. With volatility on the rise and recession concerns growing, more soon-to-be retirees are wondering if their timing is off.Here’s some of what we discuss in today’s show:Proactive vs. reactive retirement strategies How retiring in a down market can workThe danger of high withd...2025-04-2416 min
Retire On Your Best Path with Liz WhitteberryCan You Retire In A Down Market?Can you really retire when the market is down? Do you have enough stability in your portfolio to weather the storm? In this episode, Liz answers that exact question by walking through the practical steps and mindset shifts that make a confident retirement possible- even in uncertain times. With volatility on the rise and recession concerns growing, more soon-to-be retirees are wondering if their timing is off.Here’s some of what we discuss in today’s show:🧠 Proactive vs. reactive retirement strategies 📉 How retiring in a down market can work🧾 The...2025-04-2416 min
Retire On Your Best Path with Liz WhitteberryWhat Will Tariffs Mean for Your Retirement Portfolio?Since the day he took office, President Trump planned to implement tariffs, and he carried that out last week. The immediate market reaction was very negative. How might this impact your personal finances and the economy over the long term?Here’s some of what we discuss in today’s show:What tariffs are and their historical contextHow tariffs can raise prices and affect marketsThe psychology behind panic-sellingSmart strategies for managing market uncertaintySubscribe to Liz's YouTube Channel: Best Path Advisors - YouT...2025-04-1019 min
Retire On Your Best Path with Liz WhitteberryIs Annuity Taxation Beneficial? What To Know!We’re in the middle of tax season, and you may have heard that annuities can provide tax benefits. Who is that true for, and are there any side effects? Today, we’re going to clear up some of the confusion around the advantages and disadvantages of annuities. Liz will also provide some tips on what you need to know before considering an annuity. Here’s some of what we discuss in today’s show:What is an annuity?The different “flavors” of annuities available The advantages and disadvantages of annuities When might an annuity be a go...2025-03-2714 min
Retire On Your Best Path with Liz WhitteberryKey 2025 Tax Breaks & Adjustment OpportunitiesTax season is here, but filing your 2024 return is just one piece of the puzzle. Now is also the perfect time to take advantage of new tax rules for 2025- before the year gets away from you. With higher standard deductions, increased retirement contribution limits, and updated HSA rules, there are plenty of opportunities to lower your tax bill and boost your savings. In this episode, we’ll break down the key changes and how you can start planning now to make the most of them.Here’s some of what we discuss in today...2025-03-1317 min
Retire On Your Best Path with Liz WhitteberryWarning Signs: How To Spot Problems In Your Financial LifeJust like the lights on your dashboard can indicate if something is wrong with your car (like low tire pressure or leaking oil), there are indicators in your financial life that might point out that you have a problem that needs to be addressed. In today’s episode, Liz is going to cover 5 areas that you should review. Here are the warning signs we discuss in today’s show:You have no idea what it costs to fund your lifestyle You’re focused on attaining a certain net worth or account balance Your mental image of...2025-02-2718 min
Retire On Your Best Path with Liz WhitteberryIf You’re a Smart Investor, Do You Really Need a Financial Advisor?If you’ve spent years successfully managing your own investments, do you really need a financial advisor? That’s the question Bob, one of our listeners, sent in. He’s got an MBA, knows the markets well, and has always handled his portfolio solo.So, is working with an advisor just an extra expense, or could it actually add real value? In this episode, we break down when and why even experienced investors might benefit from professional guidance and when they’re probably fine on their own.Here’s some of what we discuss in today’s...2025-02-1318 min
Retire On Your Best Path with Liz Whitteberry4 Risks Unique To RetireesYou face risks every day and in every stage of life. But retirees face some unique challenges that are important to talk about and plan for. In today’s episode, Liz and Marc explore the 4 risks unique to retirees, their potential impact on your financial future, and what steps you can take to prepare.Here’s some of what we discuss in today’s show:Accumulation vs. decumulation Why the timing of market returns can impact your nest egg in retirementThe risk of outliving your savingsHow tax strategies can help minimize what you owe and max...2025-01-2320 min
Retire On Your Best Path with Liz WhitteberryWhat Financial Advisors Wish Every Investor KnewImagine you could read your financial advisor’s mind before you even walked through the door for the first time. What would they want you to know? In this episode, we bring you the game-changing insights financial pros wish every saver and investor understood. Here’s some of what we discuss in today’s show:What you’re truly paying for your investmentsThe motivations behind the information you hear on TVThe importance of setting realistic financial goals and checking in on themThat “one-size-fits-all” advice doesn’t work Financial decisions are emotional, and that’s okayThe importance...2025-01-0921 min
Retire On Your Best Path with Liz WhitteberryThe Art of RebalancingWe all know that rebalancing our portfolio is important, but when should we do it? Is it a December tradition- a January jumpstart? Or should it be triggered by your life changes or a change in the economy? In this episode, Liz dives into the art of rebalancing. From calendar-based strategies to threshold triggers, life events, and market shifts, Liz breaks down the when, why, and how of keeping your portfolio aligned with your goals. Tune in to learn how rebalancing can optimize your investments and keep you on track for a confident retirement.H...2024-12-1214 min
Retire On Your Best Path with Liz WhitteberryMoney Conversations To Have At The HolidaysStudies show that 70% of families lose their wealth in two generations, and 90% lose it in three. The reasons behind this are varied, but one thing that can help keep a family’s legacy intact is open communication and solid planning. And what better time to start those important conversations than during the holidays?In today’s episode, Liz and Marc will share some key questions to help you have deeper money discussions with your loved ones. Here’s some of what we discuss in today’s show: What is the most important money les...2024-11-2116 min
Retire On Your Best Path with Liz Whitteberry7 Important Retirement Questions Many Forget To AskRetirement planning raises a lot of important questions. Have you saved enough? When should you begin collecting Social Security? Is long-term care insurance a wise choice? While these are all essential considerations, it’s not uncommon for other important questions to go unasked. Liz recently came across a blog post that addresses seven crucial questions frequently missed in retirement planning. Join us for today’s discussion as we explore these questions and their potential impact on your retirement plan. Have you considered these factors?Here are a few of the unasked questions we’ll discuss...2024-11-0718 min
Retire On Your Best Path with Liz WhitteberryYour Financial Wellness Check-UpDid you know this week is National Retirement Security Week? This is a great time to have a conversation about financial wellness. Just like an annual checkup is important for maintaining good health, performing regular financial checkups is an essential part of planning for a healthy and successful retirement.In today’s episode, we’re going to talk about areas you should pay attention to at every stage, whether you’re far away from retirement, approaching retirement soon, or already retired. Liz shares her expertise on setting clear retirement goals, managing cash flow, developing effective investment strategies, and mor...2024-10-2420 min
Retire On Your Best Path with Liz WhitteberrySocial Security Shake-Up: How Raising the Retirement Age Could Impact YouSocial Security is the backbone of retirement for millions of Americans, but big changes may be coming. In this episode, we dive into the recently released proposal to raise the full retirement age to 69 and what it means for your benefits, future, and financial security.Stay tuned as Liz breaks down the history of Social Security, the reasons behind these proposal changes, and the potential long-term effects on individuals born after 1965. Discover how these changes might reshape your retirement planning and what steps you can take to prepare. Tune in now and ensure your financial future is...2024-10-1018 min
Retire On Your Best Path with Liz WhitteberryIs Maxing Out Your 401k The Wrong Choice?There’s an old saying that goes, “Nothing in life is certain except death and taxes.” Yet the only thing certain about taxes is that we’re going to have them and not how much they’re going to be. In today’s episode, we’ll explore a thought-provoking blog post that discusses where to save your money if you’re concerned about future tax rates. Many people believe that deferring taxes now and paying them later- by maxing out your 401(k)- is the best strategy. But is that really the optimal choice given the unpredictability of future tax rat...2024-09-2618 min
Retire On Your Best Path with Liz WhitteberryRetirees In Their 70s Regret These 5 ThingsA retired YouTuber recently created a video that went viral, sharing the top 5 regrets from retirees in their 70s. The video has garnered nearly half a million views, and for good reason. In it, retirees express regrets such as not retiring earlier or missing out on travel opportunities while they were still able. In this video, Liz will talk about these common regrets and discuss how having a comprehensive retirement plan can help you avoid making the same mistakes. Tune in to learn proactive steps you can take to ensure you have a fulfilling and regret-free retirement!2024-09-1220 min
Retire On Your Best Path with Liz WhitteberryFinancial Planning with Yogi BerraIn today's episode, we're going to dive into some famous words by the one and only Yogi Berra, inspired by Liz’s recent trip to Fenway Park. You might know him for his legendary baseball career, but Yogi was also a gold mine of wisdom. When we look at some of his quotes through the right prism, they can teach us some lessons about financial planning. Take Yogi’s quote, “If you don’t know where you’re going, you might wind up someplace else.” It serves as a great reminder that a comprehensive financial plan is important. Re...2024-08-2917 min
Retire On Your Best Path with Liz WhitteberryFinal RMD Regulations: What You Need to KnowThe first week of August might be National Simplify Your Life Week, but one thing that remains complex is managing your IRA and other tax-deferred accounts. These accounts are subject to the Required Minimum Distribution (RMD) Rules, which can be confusing to navigate. Fortunately, the IRS recently issued final regulations to help clarify these rules, and in the episode, Liz will cover the main rules you need to know.Listen in as we dive into the important changes brought by the SECURE Act and SECURE 2.0 and share some items to consider if you’re an IRA owner, be...2024-08-0819 min
Retire On Your Best Path with Liz WhitteberryRetirement Milestone Ages You Need To KnowAge is just a number- except for when it comes to retirement planning. In fact, the financial planning process is filled with key milestones that you need to be aware of as you plan for a secure future. In today’s episode, we’ll talk about the birthdays you need to pay close attention to. From catch-up contributions at 50 to Medicare at 65, tune in as Liz shares some helpful insights and tips to help you make the most of each milestone. We thought this would be the perfect conversation to have as we celebrate 50 episodes of the podca...2024-07-2522 min
Retire On Your Best Path with Liz Whitteberry401(k) FAQs for Pre-Retirees In 2024As you approach retirement, the complexities surrounding your 401(k) can become overwhelming. Liz gets a lot of questions about 401(k)s and understands how tricky they can be to navigate. That’s why in today’s episode, she’s going to cover some of the biggest 401(k) questions for someone getting ready to retire soon.From understanding catch-up contributions to tax implications, Liz covers numerous factors to ensure a smooth transition into your golden years. With insights on the importance of diversifying your retirement savings and making strategic adjustments, this episode is a must-listen for anyone 5-10 years...2024-07-1120 min
Retire On Your Best Path with Liz WhitteberryTarget Date Funds: The Good, Bad, and UglyTarget date funds were introduced in the mid-1990s as a way to simplify retirement investing. These funds are essentially mutual funds that invest in a mix of other mutual funds, tailored to fit a specific time horizon. While these funds are convenient and offer a “set it and forget it” approach, are they an effective way to get the diversification and growth you need for retirement?In this episode, Liz breaks down the findings of a recent study titled The Unintended Consequences of Investing for the Long Run: Evidence from Target Date Funds. She’ll guide us thr...2024-06-2019 min
Retire On Your Best Path with Liz WhitteberryWhen & How To Rebalance Your PortfolioHave you ever wondered what it means to "rebalance" your investment portfolio and why it's important? If so, today's episode is just for you. Liz will explain the ins and outs of rebalancing, including when to do it and how often. Tune in as Liz and Marc discuss why rebalancing is essential for managing portfolio volatility and staying on track with your financial goals. They'll cover everything from how frequently to rebalance to the tax implications and specific considerations for retirees. Plus, they’ll share a cautionary tale about the consequences of neglecting rebalancing.Her...2024-06-0617 min
Retire On Your Best Path with Liz WhitteberrySafe Withdrawal Rates in 2024?Have you heard of the “safe withdrawal rate?” This is a rule of thumb that helps retirees know how much they can safely take from their retirement portfolio. One of the most famous safe withdrawal rates is known as the 4% rule. In today’s episode, we’re going to talk about where this rule came from and whether it’s still relevant in today’s environment. During this conversation, we’ll bring in perspectives from well-known financial figures such as Suze Orman, Dave Ramsey, and David Blanchett. Stay tuned as Liz shares her thoughts on their contrasting views about saf...2024-05-2320 min
Retire On Your Best Path with Liz WhitteberryWhy Retirement Planning Is Different For WomenWith Mother’s Day right around the corner, 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 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 the persistent gender pay gap to the impact of caregiving responsibilities and higher debt burdens, this is why retirement planning is differen...2024-05-0920 min
Retire On Your Best Path with Liz WhitteberryThe Magic Number To RetireEver wondered how much you need to retire comfortably in America? According to a recent survey by Northwestern Mutual, the average American believes it's nearly $1.5 million. But where did this figure come from, and is it a reliable benchmark?Join us in today’s episode as we unpack the survey’s findings and share insights into how different generations view retirement savings. We’ll discuss how age, income, and lifestyle shape individual retirement goals and share how you can determine your “magic retirement number.” Stay tuned for some valuable tips to ensure you retire securely and on time!2024-04-1820 min
Retire On Your Best Path with Liz WhitteberryPreparing Your Adult Children To Inherit WealthIn this episode, we’re covering an important aspect of financial planning: preparing your heirs to inherit your wealth. Even if your children have developed solid financial habits, they might not be fully prepared for their role in your legacy plan. Tune in as Liz shares some insightful tips for navigating tricky conversations about money and legacy.Let’s face it – discussing your legacy can feel daunting. But starting to have these conversations sooner rather than later can equip your children to become responsible stewards of their future wealth. Let’s learn how estate planning, open communication, and work...2024-04-0416 min
Retire On Your Best Path with Liz WhitteberryInflation 101Inflation is a topic that affects everyone but can be a bit confusing to understand, especially when it comes to retirement planning. If you’ve found yourself wondering where inflation numbers come from and how they might impact your situation, today’s episode is for you! Stay tuned as we cover the basics of inflation and help you understand its impact on retirement planning.Listen in as Liz and Marc unpack the Consumer Price Index (CPI), Personal Consumption Expenditures (PCE) Index, and other inflation metrics, and share how these indices may not always reflect the reality of risi...2024-03-2118 min
Retire On Your Best Path with Liz WhitteberryIs Lazy Money a Concern Today?Is 'Lazy Money' still a concern in 2024's higher interest rate landscape? In this episode, we explore this question, examining how the recent rise in interest rates affects the money sitting in savings accounts, CDs, and conservative investments. Stay tuned as we cover where these options fit in a savvy investment strategy. You’ll gain valuable insights into making your money work smarter, ensuring that your retirement portfolio not only meets your needs today but continues to do so in the ever-changing financial landscape of the future.Here’s some of what we discu...2024-03-0713 min
Retire On Your Best Path with Liz WhitteberryWould You Benefit from a Backdoor Roth Strategy?Would you benefit from a backdoor Roth strategy? Join us as we explore the ins and outs of this question, tackling what it is, how it works, and, most importantly, whether it might be the right move for you. We’ll discuss the pros and cons, identify the ideal candidates, and talk about why it’s gaining traction in today’s financial landscape. We’ll kick off the episode by addressing the basics of the backdoor Roth and dispel some common misconceptions about it. Then, we’ll discuss the potential tax savings and growth that it can offer and s...2024-02-2215 min
Retire On Your Best Path with Liz WhitteberryIs There a Best Month to Retire?When it comes to retirement planning, many people think about what year they’d like to retire. But choosing the optimal month to retire is just as important. In this week’s episode, we’ll discuss some important things to think about when it comes to finding the ideal timing for you.From financial factors like bonuses and stock options to strategic retirement income planning, tax implications, and emotional aspects, there’s more to consider than you might think. Don't miss this episode for important insights on aligning your retirement with your personal and financial milestones. Tune in to le...2024-02-0819 min
Retire On Your Best Path with Liz WhitteberryLong-Term Care 101Are you prepared for the realities of long-term care? While conversations about long-term care might not be the most thrilling, they are undeniably important. Listen in as Liz and Marc provide an insightful guide to understanding the nuances of long-term care. In this conversation, we’ll explore the various levels of assistance that may become necessary for you or your loved ones, shedding light on associated costs and effective ways to financially prepare for the future. Stay tuned as we debunk some common misconceptions and help you better understand the financial complexities of long-term care. He...2024-01-2525 min
Retire On Your Best Path with Liz WhitteberryWill The Economy Boom Or Bust In 2024?Everyone wants to know. Will the economy boom or bust in 2024? Join us as we explore a range of expert predictions, from the shifting trends in housing prices to the looming question of a potential recession or stock market crash. We'll balance our discussion with both optimistic and pessimistic perspectives from an array of sources to give you a comprehensive view. Tune in to navigate the uncertainties and opportunities of 2024's economic landscape and equip yourself with knowledge for the year ahead. Here’s some of what we discuss in today’s show:2024-01-1118 min
Retire On Your Best Path with Liz WhitteberryQuestions You Must Ask Your Financial AdvisorHave you ever wondered what questions to ask your financial advisor, or why those questions are crucial? In today’s episode, we’re tackling exactly that. We're discussing the vital questions that bring transparency and depth to your financial advisory relationship. It's about getting clarity on how advisors work, what they specialize in, and how they align with your financial goals. From how much your advisor gets paid to who you’ll be working with on the team, these are the questions you MUST ask your financial advisor. Here are some of the ques...2023-12-2125 minRetire On Your Best Path with Liz WhitteberryUnderstanding RMDs: A Guide For Retirees & The Soon-to-RetireAre you over 55 and pondering retirement? Dive into the world of Required Minimum Distributions (RMDs) with us. RMDs can be confusing, so in today’s episode, Liz is here to unravel the mystery and ensure you have a clear understanding of the process.Listen in as we demystify the reasons behind mandatory withdrawals from your retirement savings. We’ll make sure you understand how to calculate them, share strategies to potentially avoid them and help you understand the risks of not preparing for them in advance. We’ll also explore impactful ways to utilize RMD funds if you do...2023-12-0724 minRetire On Your Best Path with Liz WhitteberryEnd of Year Financial Planning For 2023We're nearing the end of the year, but it's not quite over yet! Join us for a thoughtful episode where we unpack our 2023 edition of key year-end planning strategies for those nearing or embracing their retirement years. We'll explore the nuances of optimizing your investment portfolio, safeguarding your assets, and ensuring a stable, rewarding lifestyle in the years to come. Together, we'll navigate through essential topics like managing RMDs, exploring tax-saving opportunities, and even touch on the cybersecurity threats that you should be looking out for this time of year. We’ll also discuss some key estate pla...2023-11-1622 minRetire On Your Best Path with Liz WhitteberryFive Times The SECURE Act 2.0 Might Impact YouThe SECURE Act 2.0 was passed in January, and it is still confusing to most people. Today we're going to talk about five times the SECURE Act could impact you, whether you're working, retired, or planning for your legacy. Intriguingly, the Secure Act 2.0 has provided more tools and options for retirement planning. However, it's up to you to seize the opportunities these changes offer! Join us for this episode to delve deeper into these vital modifications and ensure you're well-equipped to retire on your own terms. Don't forget to consult with a financial advisor like Liz to navigate t...2023-11-0220 minRetire On Your Best Path with Liz WhitteberryMedicare: What You Need to Know Before You RetireAre you confused about the four different parts of Medicare and what they each do? Do you have questions about when to enroll? Medicare is a critical component of your retirement plan, and understanding its intricacies is essential. In today’s episode, we break down the ins and outs of Medicare and help you understand the basics of this important health care program. We’ll tackle some common misconceptions about Medicare, explore what it does and does not cover, and more. It’s open enrollment season, so don’t miss out on these valuable insights and tips to make i...2023-10-1921 minRetire On Your Best Path with Liz Whitteberry5 Reasons To Retire NowAre you contemplating retirement but unsure if it’s the right time? Retiring is a big decision, and the idea of this significant life change can feel intimidating. Many worry about whether they've saved enough, how long their retirement savings will last, and what unexpected events might impact their retirement. Listen in as we explore some common fears and uncertainties that hold people back from embracing this new chapter and explore 5 compelling reasons to consider retiring sooner rather than later. Whether you're concerned about money, identity, or simply the fear of the unknown, this episode provides actionable adv...2023-10-0523 minRetire On Your Best Path with Liz Whitteberry7 Retirement Planning Mistakes to AvoidDo you have a well thought out written plan that connects your family values with your resources and ensures you can live the retirement you want to live while leaving the legacy you want to leave. Whether you already have a plan, or you're looking to create a plan, you'll want to know some common mistakes you should avoid. Join us today as we’ll run through an important list of seven mistakes that you want to avoid when putting together your retirement plan. Here’s what we’ll cover on the show: 1. Not taking inflation...2023-09-2120 minRetire On Your Best Path with Liz WhitteberryRetirement Income Planning 101Are you financially prepared for retirement? Many individuals near retirement age find themselves facing uncertainty when it comes to their income plan. In this episode, we explore the importance of a well-constructed retirement income plan and why it's often overlooked.Listen in as Liz shares insights on the complexities of retirement income planning and the dramatic shift from saving and accumulating wealth during one's working years to creating a sustainable income stream in retirement. Discover how having a well-structured retirement plan can alleviate the stress of retirement uncertainty, help you make informed decisions, and ensure you retire...2023-09-0719 minRetire On Your Best Path with Liz Whitteberry7 Tips To Hack-Proof YourselfIn a digital world filled with evolving cyber threats, protecting your financial well-being has never been more crucial. Following the recent data breach involving the “MOVEIt” software program, Liz and Marc discuss 7 practical ways to shield yourself and your family from the increasingly sophisticated tactics of hackers.From safeguarding your credit bureau information with security freezes to using private emails solely for financial matters, we explore actionable strategies that empower you to be proactive in the face of potential identity theft. Discover the importance of strong passwords, keeping your software up-to-date, and more. Tune in as Liz shar...2023-08-1721 minRetire On Your Best Path with Liz Whitteberry7 Habits For A Happy RetirementRetirement planning often focuses on numbers, and while this is crucial, it's just one part of the equation. A fulfilling retirement is also about having something to retire to - a clear sense of purpose, a social circle, and activities that bring joy and fulfillment. Taking a look at a Kiplinger article, Liz and Marc discuss seven habits for a happy retirement in this episode. Tune in as we discuss staying healthy, maintaining optimism, practicing mindful gratitude, and the joy of having furry friends to keep you company. Discover how these habits can lead to a more f...2023-08-0322 minRetire On Your Best Path with Liz WhitteberryGetting It Right: Irreversible Financial DecisionsThere are plenty of decisions that you’ll make in the retirement planning process that can’t be undone, so you want to make sure that you make the right call. In this episode, Liz and Marc will explain why these decisions are so important and can’t be undone, and provide guidance on making informed choices from the start. The episode will cover various financial decisions that have a substantial impact on your retirement, including determining when to claim Social Security benefits, evaluating pension options, and selecting life insurance policies. Liz and Marc will delve into the fac...2023-07-2018 minRetire On Your Best Path with Liz WhitteberryRetirement Rebels: Winning Your Financial IndependenceCelebrate the spirit of July 4th with our latest episode as we tackle the concept of Financial Independence. While the American colonists fought for freedom from British rule, we’re here to discuss what you’re striving to be independent from in your retirement. We’ll unveil the common foes you’ll face on the journey. And good news, no muskets required for these battles!Tune in as Liz explains the importance of being financially prepared so that you can make decisions based on choice rather than obligation in retirement. We’ll discuss having flexibility with long-term care and l...2023-06-2919 minRetire On Your Best Path with Liz WhitteberryWhen & How To Rebalance Your PortfolioAre you unsure of when to rebalance and how to do it? In this episode, we’ll uncover the importance of rebalancing your portfolio and discuss everything from frequency to tax implications. Plus, we’ll share a cautionary tale about the consequences of neglecting rebalancing. Discover why rebalancing is crucial for maintaining your desired risk tolerance and ensuring portfolio stability. Whether you're still working or already retired, find out how rebalancing can help align your investments with your goals. Don't miss out on this insightful episode that will help you navigate your financial path to retirement success!2023-06-2220 minRetire On Your Best Path with Liz WhitteberryAvoid These 3 Big Retirement Withdrawal MistakesIf you're approaching retirement, you're likely finding that there is much to think about when planning your retirement withdrawal strategy. Today, Liz and Mark talk about 3 common mistakes you should avoid to get the most out of your retirement savings. Join us as we dive into some popular portfolio strategies that are now a bit outdated and may not work for everyone. We’ll kick off this episode by discussing the importance of understanding your cash flow. Then, we’ll explore the importance of establishing a personalized withdrawal rate that aligns with your desired success and risk toler...2023-06-0819 minRetire On Your Best Path with Liz WhitteberryTop 5 Beneficiary MistakesBeneficiaries play a crucial role in a carefully planned retirement strategy. Although naming beneficiaries may appear straightforward, there are certain aspects of this process that are easy to overlook if you’re not careful. Failing to handle these aspects correctly could cost you and your loved ones dearly in the future, so in today’s episode, Liz will cover the essentials of this planning process. Join us and learn how to avoid these potential complications. We will discuss the significance of aligning your beneficiary designation with your will and explore the necessity of keeping your beneficiaries updated as yo...2023-05-2520 minRetire On Your Best Path with Liz WhitteberryDebunking 2023's Top Social Security Myths (Part 2)Welcome to part 2 of our talk about this year’s top Social Security myths. In part 1, we talked about the myths surrounding benefits for stay-at-home moms, taxes, and whether the Social Security Administration can really help you make decisions. On today’s show, we’ll talk about when to claim benefits, whether you can work and still claim benefits, and more.There are a lot of misconceptions about Social Security out there, and we’re here to set the record straight. Tune in and learn the truth about this important benefit, so that you can make the most inf...2023-05-1118 minRetire On Your Best Path with Liz WhitteberryDebunking 2023's Top Social Security Myths (Part 1)Have you ever wondered if the Social Security system will run out of money before you retire? Or if claiming benefits as soon as you're eligible is the best decision for your financial future? In this two-part episode, we'll debunk the most common myths about Social Security.Unfortunately, there are a lot of misconceptions about Social Security out there, and we’re here to set the record straight. Tune in and learn the truth about this important benefit, so that you can make the most informed decisions for your financial future. If you have any questions about So...2023-04-2720 minRetire On Your Best Path with Liz WhitteberryLifetime Gifting: Is it Right For Your Strategy?If you're planning to leave your wealth to your children and grandchildren, should you also make gifts to them throughout your lifetime? With the Tax Cuts and Jobs Act expiration on the horizon, we’ve had several questions about this recently. Today we’ll talk about some important things you should think about when considering lifetime gifts. In this episode, we’ll explore the benefits of lifetime gifts, including how they can reduce your tax burden and provide financial support to your loved ones. We’ll then dive into the nitty-gritty details of gifting, such as how much you’...2023-04-1324 minRetire On Your Best Path with Liz WhitteberryRookie Mistakes Even Experienced Investors Can MakeWhether you’re a beginner or an experienced investor, it’s important to be aware of potential pitfalls that could derail your financial plan. On this episode, we’ll cover some of the top rookie mistakes we see people make and illustrate how to avoid them or how to fix them if you’ve already made some mistakes in your financial life. It’s easy to get sucked into investment trends that do not align with your future goals, make emotionally based decisions, and to not fully understand the risks you are taking in your portfolio. Taking investment...2023-03-3018 minRetire On Your Best Path with Liz WhitteberryTop 10 Tax Questions for Retirees in 2023Retirement 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. On today’s episode, we’ll break down the top ten tax questions retirees are asking in 2023. Before you file your 2022 taxes and plan ahead for the rest of the year, make sure to listen to this episode as we’ll discuss some important tax questions that retirees should ask themselves to ensure they're making the most of their retirement savings and minimizing their tax burden...2023-03-1622 minRetire On Your Best Path with Liz WhitteberryThe 6 Types of RetireesRetirement is a big change of pace. So much of your daily routine is built around work, and when that goes away, it can be difficult to figure out how to keep yourself busy with all that free time. In this episode, we’ll discuss the six types of retirees and how they fill their time. Here’s some of what we’ll discuss in this episode: Type 1: The Continuer (1:57)Type 2: The Easy Glider (3:41)Type 3: The Adventurer (4:52)Type 4: The Involved Spectator (6:42)Type 5: The Searcher (7:52)Type 6: The...2023-03-0216 minRetire On Your Best Path with Liz Whitteberry10 Point Checklist For Retirement PreparednessAnother year is upon us and it’s a great time to ask yourself 10 questions to assess how ready you are for retirement to kick off 2023. If you’re retiring this year, it’s essential to have some concrete answers to these questions. In this episode, Liz will share this 10-point checklist and explain how each item might impact your retirement. If you’re still a few years from the milestone, tune in so you can start thinking about these critical conversations.Here’s some of what we’ll discuss in this episode: · ...2023-02-1624 minRetire On Your Best Path with Liz WhitteberrySupposed To Retire… Should I Work Another Year?Did you plan to retire in 2023, but now you’re second guessing if that’s a wise move given the bad year in the stock market in 2022 and an uncertain economy in the months ahead? You’re not alone if you’re reconsidering your original retirement date. On this episode of Retire On Your Best Path, Liz will tell us about how these conversations are playing out in her office with clients and she’ll detail the pros and cons of adjusting your retirement date. Here’s some of what you’ll learn in this episode: 2023-02-0219 minRetire On Your Best Path with Liz WhitteberryPreparing For Market Volatility In 2023Market volatility became the norm in 2022. The question investors are asking now is are we in for more of the same in 2023? In this episode, we’ll talk about the market outlook for the next 12 months, plus share tips on how you can best prepare for potential future volatility.Here’s some of what you’ll learn in this episode: · What predictions are the experts making for 2023? (1:46)· We all have to be very mindful of recency bias when we make financial decisions. (4:39)· How should you react dur...2023-01-1925 minRetire On Your Best Path with Liz WhitteberryThe Secure Act 2.0Now that Congress just passed the Secure Act 2.0, we wanted to talk about what changes you can expect. Some of these provisions start now while others won’t be implemented for years. Either way, it is good to understand what is happening and keep these changes in mind for the future. Here is some of what you'll learn in this episode:What is the Secure Act 2.0? (2:02)How RMDs have changed under this new tax law. (6:39)Here are some caveats you should be aware of. (17:18)Subscribe to Liz's YouTube Channel: Best...2023-01-1227 minRetire On Your Best Path with Liz WhitteberryEveryone Needs an Estate PlanWhen you think of an estate plan, mansions and luxurious wealth may come to mind. You may be surprised to hear that, really, every person should have an estate plan regardless of their wealth status. In this episode, we will explain how an estate plan is beneficial to everyone, as well as what mistakes to avoid. Listen to this week’s show to learn more about:Do you need an estate plan, even if you are not “rich”? (1:58)Here are some mistakes people tend to make with estate planning. (7:20)Learn...2022-12-1523 minRetire On Your Best Path with Liz WhitteberryShould you Follow the 60-40 Rule?Is the 60-40 portfolio dead? The 60-40 portfolio has been used for many, many, years to diversify a person’s bonds and stock portfolio.Over the last few years, market changes, interest rates, and inflation have had people questioning the rule. So, today we will be taking a look at whether or not we should still be using it and what alternatives there are. Listen to this week’s show to learn more about:What is the 60-40 rule? (1:45)What is a better alternative to the 60-40 rule? (4:25)Why a...2022-12-0119 minRetire On Your Best Path with Liz WhitteberryWhat You Need to Know About Bonds in RetirementToday our goal is to help you gain a better understanding of bonds in retirement. The bond market is a hot mess right now, so we thought it would be a good time to clear up any misunderstandings you may have.In this episode, you will learn the ins and outs of bonds, from their absolute basics to the ways current interest rates are impacting them. If you need someone to help you determine if bonds are right for you, or which bonds to choose for your individual circumstances, feel free to contact us. L...2022-11-1724 minRetire On Your Best Path with Liz WhitteberryWhat is your number?What is your number? You know, that number you have had in mind that means retirement is on the horizon?For many people, that number is a million dollars, but that may be outdated thinking. With inflation so high, is a million dollars enough? In this episode, we will discuss what you need to know about choosing your number.Listen to this week’s show to learn more about:· Is a million dollars a good amount to retire on? (1:27)· The three different groups of people that Liz t...2022-11-0323 minRetire On Your Best Path with Liz WhitteberryThe Retirement Red ZoneYou may or not be a football fan, but we’re sure you’ll benefit from learning about the red zone in retirement. In the game of football, the red zone is the last 20 yards before you score. In retirement, the red zone is the last five years before you retire, and the five years after. In this episode, we are going to break down that ten-year period. We will cover the steps you need to take, what to watch for, and more.Listen to this week’s show to learn more about:· ...2022-10-2018 minRetire On Your Best Path with Liz WhitteberryAdvantages of a Health Savings AccountHealth Savings Accounts have become increasingly more popular over the last ten years, and rightfully so. They are an excellent resource to have as a retiree and we even joke that an HSA is a “Super Roth” (Spoiler Alert: it’s triple tax-free).In this episode, we will explain the exact tax advantages of an HSA. We will also show you how you can get the most out of your HSA as you approach retirement.Listen to this week’s show to learn more about:· What is a Health Savings Account?...2022-10-0618 minRetire On Your Best Path with Liz Whitteberry5 Reasons To NOT DO a Roth ConversionAs we mentioned in our last episode, Roth conversions have become a popular strategy and there are plenty of good reasons to do one. What about the reasons NOT to? In our last episode we went over reasons to do a Roth conversion, but today we will be going over reasons you may not want to do one.There are many tax-related factors that come into play when making this decision. We review some examples and paint a picture of the various scenarios that might help you save money by avoiding a Roth conversion....2022-09-1521 minRetire On Your Best Path with Liz Whitteberry5 Reasons to Do a Roth ConversionThe Roth conversion is a planning strategy that’s picked up more and more interest in recent years. There are many reasons behind its rise in popularity, and now is a great time to have a discussion with your advisor about whether it might be right for you.No tool is for everyone, but there are plenty of reasons why you’ll want to do a Roth conversion. On this episode, we’re going to share five of those reasons and explain the many benefits of doing a conversion sooner rather than later. Much of what we’ll talk...2022-09-0122 minRetire On Your Best Path with Liz WhitteberrySequence of Returns RiskYou know about the many different types of risk that investors face but there’s one that might have a big impact on whether you run out of money in retirement that you might not know about. What we want to focus on during this episode of the podcast is sequence of return risk, which refers to the uncertainty of the order in which you’ll get returns. The reason most people aren’t aware of this risk is that it doesn’t really impact us while we’re working so there aren’t many conversations about it. Bu...2022-08-2519 minRetire On Your Best Path with Liz WhitteberryRisk vs Everything Else in RetirementYou’ve probably heard the concept of risk versus return but have you thought about how risk impacts everything in your retirement? Today we want to discuss why risk isn’t just a key factor in your investing strategy, but it also touches many different aspects of your retirement. We’ll share our view of risk and the approach we take with clients to build a proper plan that not just provides them with enough money in retirement but also allows them to live the life they choose with that independence. Listen to this week’s s...2022-08-1817 minRetire On Your Best Path with Liz WhitteberryGetting to Know Liz WhitteberryBefore we really hit the ground running into the financial and retirement topics that matter the most, we wanted to spend a few minutes laying the foundation for the podcast. On this first episode, we’ll tell you a little more about our host, Liz Whitteberry, RMA®, CFA®, CIPM®, ChFC®, AIF®. From how she got her start in financial planning to what she hopes you get out of the podcast, we want you to get to know who we are and what we do. Listen to this week’s show to learn more about:How o...2022-08-0416 min
The Flourishing Experiment113: 3 Fit-at-50 Personal Record Secrets with Wendy Cicek Steiger, MD, and Liz WhitteberryRunner of the Week and physician Wendy Cicek Steiger, MD, takes listeners on a coast-to-coast US tour as she recounts celebrating her fiftieth birthday by running six marathons, Liz Whitteberry details her latest personal record (PR) using the Maffetone Method, and go-to real food dietitian, Serena Marie, RD, answers a Facebook group listener’s question about intermittent fasting.
Jabra Joy Becky Fedora Clayton stops by The Running Lifestyle show to rave about the Jabra Sport Coach wireless earbuds.
Beats the sweat/weather blues with these durable, water resistant headphones
Tailors the fit using five different earbud se...2016-01-281h 09The Flourishing Experiment111: Angela Tortorice’s Favorite Seasonal Race PicksAngela Tortorice, Marathon Maniac Hall of Famer (2014), who has run over 500 marathons or longer, joins Kari to chat about how to select races, how to travel to races, how to run multiple races in one weekend, and much more. Kari and Serena share their race suggestions, and Serena answers a Periscope question about when to ideally eat carbs.
Jabra Love Jabra’s line of wireless sport earbuds, which include the Sport Coach and the Sport Pulse, are a must-have for any runner. The Sport Pulse has a built-in heart rate monitor, and the Sport Coach offers intelligent au...2016-01-141h 08The Flourishing Experiment98: Chi Marathon Recap w/ Jeff Galloway & Team TRLSWe’re talking with team members of The Running Lifestyle Show (TRLS) for Action for Healthy Kids (AFHK) at the Chicago Marathon. Hear from first-time marathoners, Minh Chien, and Todd Miller, about their respective runs. Liz Whitteberry shares her thoughts about running her first big-city marathon in addition to running with and "coaching" Todd Miller on the course. Serena recaps her exciting race where she did indeed, PR! Our friend and team member, Foti Panagakos, talks about his experience where he, too, PR'd! Coach Jeff Galloway checks in with me, Kari Gormley, and offers advice on recovery and gearing up for the...2015-10-221h 46The Flourishing Experiment94: 7 Stories of Taking on the Marathon DistanceJoin the Running Lifestyle Show Team for Action for Healthy Kids and hear the motivational stories of why these inspiring individuals are running the Chicago and/or NYC Marathons. You'll hear from first-time marathon runners Minh Chien, Todd Miller, and Melanie Curtis, along with seasoned marathoners Liz Whitteberry, Foti Panagakos, Serena Marie RD, and me. (Did I just say that Serena Marie, RD and I are seasoned after running three marathons?!) Who knows, after you hear the stories these runners share, maybe you'll be putting a marathon on your calendar for 2016!
Why Minh chose Chicago over the Seattle Rock...2015-10-011h 11The Flourishing Experiment77: Part 1 of Jeff Galloway - Running a Different WayJeff Galloway, Olympian and running coach to millions, comes on the show to explain how you can run the rest of your life. He’s been running for 57 years, and does a marathon a month, and definitely leads by example. We had such a fascinating conversation that it’s been split up in to two episodes. During the first part of our discussion we talk about:
· Jeff’s experience as an overweight kid and how he started to run (it might surprise you)
· Going from the Navy to training for the Olympic Trials and what helped him qualify for t...2015-06-181h 06