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Big Picture Retirement

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If you are planning for, or living in, retirement…this is the show for you. Understanding the big picture is critical for a successful retirement. Whether or not your retirement is a success may depend on how well you planned when connecting the dots of your legal, tax and financial plan. In this show, we’ll dig beneath the surface and discuss how you should apply this planning with your hosts- attorney John Ross and financial planner Devin Carroll.

If you are planning for, or living in, retirement…this is the show for you. Understanding the big picture is critical for a successful retirement. Whether or not your retirement is a success may depend on how well you planned when connecting the dots of your legal, tax and financial plan. In this show, we’ll dig beneath the surface and discuss how you should apply this planning with your hosts- attorney John Ross and financial planner Devin Carroll.
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Location:

United States

Description:

If you are planning for, or living in, retirement…this is the show for you. Understanding the big picture is critical for a successful retirement. Whether or not your retirement is a success may depend on how well you planned when connecting the dots of your legal, tax and financial plan. In this show, we’ll dig beneath the surface and discuss how you should apply this planning with your hosts- attorney John Ross and financial planner Devin Carroll.

Language:

English

Contact:

903-793-4014


Episodes

#098: Active vs. Passive with Rick Ferri - Part 2

11/12/2018
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Part 2 of the conversation about active versus passive investing with guest Rick Ferri, author of Smart Money. For more information, visit the show notes at https://www.bigpictureretirement.net/098

Duration:00:36:49

#097: Active vs. Passive with Rick Ferri - Part 1

11/5/2018
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This week, Devin welcomes Rick Ferri to the show to talk about active versus passive investing. But before the interview gets started, John and Devin have an entertaining conversation about the recently released 2019 Social Security and Medicare adjusted numbers, including: For more information, visit the show notes at http://www.bigpictureretirement.net/097

Duration:00:36:44

#096: 5 Lessons Learned From Previous Market Declines

10/29/2018
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In light of the recent market activity, Devin and John thought it would be useful to re-broadcast their original episode on the lessons they've learned from past market declines. Lesson 1: Market declines are normal Lesson 2: No one can consistently predict market movements Lesson 3: The best days hang out with the bad days ...and more two more you can read about at https://www.bigpictureretirement.net/lessons-learned-from-market-declines

Duration:00:25:59

#095: Social Security Survivor Benefits

10/22/2018
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On the surface, Social Security survivor benefits seem pretty simple: at the death of the first spouse, the surviving spouse is eligible to receive his or her own benefit, or the benefit of the deceased, whichever is greatest. In today's show, Devin and John go over: For more information, visit the show notes at http://www.bigpictureretirement.net/095

Duration:00:24:29

#094: BIG Update Coming to VA Benefits

10/15/2018
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Important benefits offered by the Department of Veterans Affairs (VA) are changing. Devin and John talk about: For more information, visit the show notes at http://www.bigpictureretirement.net/094

Duration:00:32:12

#093: Retirement Drawdown Strategies Part 3

10/8/2018
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Part 3 in the Big Picture Retirement series on Drawdown Strategies: Brandon Renfro talks about "setting a floor." For more information, visit the show notes at http://www.bigpictureretirement.net/093

Duration:00:29:09

#092: Retirement Drawdown Strategies Part 2

10/1/2018
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Part 2 in our series. In this episode we answer the question "How are you going to take your money out so that it lasts?" Then, once you have a plan for which accounts you should access in which order, how are you going to figure out the amount of income to take out from your portfolio? For more information, visit the show notes at https://www.bigpictureretirement.net/092

Duration:00:34:59

#091: Retirement Drawdown Strategies Part 1

9/24/2018
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When you stop working, you've put aside some money into different types of accounts, and maybe you have a pension, or some rental property, or other investments. How do you start converting those assets into an income stream that will last for the rest of your life? Brandon Renfro, Ph.D., joins Devin on a discussion about: For more details, visit the show notes at https://www.bigpictureretirement.net/091

Duration:00:30:49

#090: 5 Social Security Mistakes With BIG Consequences

9/17/2018
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There are a few areas within Social Security that you could mess up without even meaning to do things wrong. One of my most trusted mentors has often told me, "Big doors swing on little hinges." I've found that to be applicable to many things in life and it's certainly true in retirement planning. The small decisions you make, when stretched over long periods, can have big consequences. Here are the 5 Social Security mistakes that can cost you dearly when you retire. There's more to...

Duration:00:21:38

#089: You Can Buy WHAT In Your IRA?! Non-Traditional IRA Investments With Kirk Chisholm

9/10/2018
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Did you know you could buy a horse as an investment in your IRA? What about real estate and other assets? Kirk Chisholm, of Innovative Advisory Group, joins us to explain how self-directed IRAs work. They a tricky thing, so you need to understand the rules before taking any action. You will learn what a Disqualified Person is, the rules behind handling real estate in an IRA, and what other things you can find in a self-directed IRA. For more information, visit the show notes at...

Duration:00:38:59

#088: Cryptocurrency Basics with Joe Saul-Sehy

9/3/2018
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What’s the big deal about cryptocurrencies? And is it too late to get in now? Joe Saul-Sehy from Stacking Benjamins joins us to talk about what cryptocurrencies are and what we should be looking out for in the future of Bitcoin. One of the benefits Joe shares is, “It is a way to get governments out of transactions, and also a way to make transactions happen faster.” It’s sort of like moving money into the currency of a different country, except that it isn’t (so far) regulated by the...

Duration:00:42:59

#087: Buying your First Rental Properties

8/27/2018
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Continuing on from last episode's discussion about buying rental property for retirement income, Devin and John talk about the mechanisms for evaluating a rental property. ...and John will entertain you with taxes. For more information, visit the show notes at http://www.bigpictureretirement.net/087

Duration:00:38:47

#086: Should You Have Rental Property for Retirement Income?

8/20/2018
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Have you thought about using rental properties for retirement income? Is rental real estate a good choice for retirement income for you? John and Devin go through some of the benefits of rental property. For more information, visit the show notes at http://www.bigpictureretirement.net/086

Duration:00:39:39

#085: 3 Estate Planning Tips to Avoid Probate

8/13/2018
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People are always talking about probate, and the many ways to avoid probate. Probate is the legal process of figuring out who gets your stuff. One of the biggest misconceptions about probate is that your estate does not go through probate if you have a will. Be sure that if you have a will, your estate will go through the probate process. But here’s the thing: this process doesn’t apply to non-probate transfers. For more information, visit the show notes at...

Duration:00:33:59

#084: The Backdoor Into the Beautiful Roth IRA

8/6/2018
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The big benefit of the Roth IRA is that you fund it with after-tax money and it grows tax free, and then when you take it out, it is also tax free, if you meet the qualifications. The big problem with a Roth IRA is that there are income limits to be able to make contributions to a Roth IRA. There are a lot of people out there who can't contribute to a Roth IRA. So, how do you contribute to a Roth IRA if you make too much money? You use a backdoor Roth IRA. We have really good notes for...

Duration:00:25:59

#083: The Beautiful Roth IRA

7/30/2018
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By the end of 2016, there was $660 BILLION dollars in Roth IRAs. So, lots of people are getting this right. Where you can get some of it wrong 1.It lets you put the money in after tax, so you don’t get to deduct the money from your income in the tax year. But, you get to take the money out tax free. 2.If you put money into a Roth, you can pull out your contributions at any time without taxes or penalties 3. You can withdraw from the Roth at any time to purchase a home 4. There’s no...

Duration:00:42:41

#082: Is A Codicil A Good Way To Change Your Will?

7/23/2018
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Is there any value in doing your codicil in blood? A codicil is an amendment to a will. They can be used when there is a smaller change and it seems easier than doing a whole new will. Is there a time and place for a codicil? Yes, if no one is going to be mad and challenge the change that you've made.If you're changing beneficiaries, or executors, and they're going to be upset, you need to do a whole new will. For more information, visit the show notes at...

Duration:00:17:36

#081: What Do All Those Advisor Designations Mean?

7/16/2018
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Many industries utilize a lot of different types of designations, and that's also true for financial advisors. What do they all mean, and should you care? Devin asked John, "How many designations do you think there are for financial advisors?" John thinks there is really no way to know that for sure. At FINRA, one of the regulatory bodies for financial advisors, there is a page of 180 designations listed, as of today, and close to 100 of them begin with the word "Certified." Why do these...

Duration:00:38:43

#080: Are Granny Cams Legal?

7/9/2018
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Listener Becky asks if it is legal to place a surveillance camera in the room of your loved one, specifically in grandma's nursing home. Devin also answers the question "Does keeping a balance on my credit card help my credit score?" For more information, visit the show notes at http://bigpictureretirement.net/080

Duration:00:21:11

#079: Is It Ethical To Strategize To Use Government Benefits?

7/2/2018
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What are the the moral or ethical considerations of using strategies and loopholes to utilize government programs? Is this ethical? It cheating? Is it getting close to fraudulent? John and Devin go through some scenarios. For more information, visit the show notes at http://www.bigpictureretirement.net/079

Duration:00:31:14