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Stay Wealthy Retirement Show

Business & Economics Podcasts

An award-winning retirement podcast dedicated to helping you: Lower Taxes โ€ข Invest smarter โ€ข Make Work Optional Do you want to avoid overpaying the IRS in retirement? Or learn how to prepare for the next stock market crash? How about when to take Social Security and how to turn your investments into reliable retirement income? Hey there! I'm CERTIFIED FINANCIAL PLANNERโ„ข Taylor Schulte and I was recently named the #2 Independent Financial Advisor in the U.S. by Investopedia. Each week, I'll answer BIG financial questions and help you "stay wealthy" in retirement.

Location:

United States

Description:

An award-winning retirement podcast dedicated to helping you: Lower Taxes โ€ข Invest smarter โ€ข Make Work Optional Do you want to avoid overpaying the IRS in retirement? Or learn how to prepare for the next stock market crash? How about when to take Social Security and how to turn your investments into reliable retirement income? Hey there! I'm CERTIFIED FINANCIAL PLANNERโ„ข Taylor Schulte and I was recently named the #2 Independent Financial Advisor in the U.S. by Investopedia. Each week, I'll answer BIG financial questions and help you "stay wealthy" in retirement.

Language:

English

Contact:

619-886-5505


Episodes

3 Big Medicare Pitfalls to Avoid (In 2024)

11/30/2023
Navigating the Medicare world is confusing and challenging. As a result, many retirees make Medicare decisions without clearly understanding the long-term implications. Long-term implications that, in worst-case scenarios, can put a retirement plan in jeopardy. To help you avoid making costly Medicare mistakes, I'm sharing three (3) big pitfalls to avoid in this episode. If you want to brush up on your Medicare knowledge before turning 65โ€”or you're looking to change your current Medicare planโ€”you'll love todayโ€™s episode. *** NAVIGATING IRMAA (2024 UPDATED) Click here to view the 2024 IRMAA brackets and learn how to avoid this surcharge. *** WANT MORE RETIREMENT PLANNING TIPS? Join 5,000+ listeners and subscribe to the Stay Wealthy Retirement Newsletter. As a thank you, you'll receive a copy of my 2023 Tax Planning Cheatsheet. ๐Ÿ‘‰ Click here to subscribe and grab your cheatsheet. *** EPISODE RESOURCES: ๐Ÿ“Š Get Your Free Retirement + Tax Analysis โœ๏ธ Grab the Episode Show Notes ๐Ÿ“˜ Read My New Book: More Than Money

Duration:00:14:21

Part 2: What the %@#! Is Happening to Bonds

11/8/2023
In part two of my series on bonds, I'm tackling three BIG questions: 1.) With cash yielding 5%, does it make sense to use money market funds (or t-bill) as a bond alternative? 2.) What should investors do if they own the wrong bonds and need to make changes? 3.) Does the current landscape shift how retirement investors should approach bonds going forward? If you're ready to dive deep into the research to understand this asset class better, you'll love this episode. ----- WANT MORE RETIREMENT PLANNING TIPS? Join 5,000+ listeners and subscribe to the Stay Wealthy Retirement Newsletter. As a thank you, you'll receive a copy of my 2023 Tax Planning Cheatsheet. ๐Ÿ‘‰ Click here to subscribe and grab your cheatsheet. ----- EPISODE RESOURCES: ๐Ÿ“Š Get Your Free Retirement + Tax Analysis โœ๏ธ Grab the Episode Show Notes ๐Ÿ“˜ Read My New Book: More Than Money

Duration:00:23:40

Part 1: What the %@#! Is Happening to Bonds

10/26/2023
Bonds are down 20%+ over the past three years. Meanwhile, riskier asset classes (like U.S. stocks) are UP ~30% during the same period. โ€ฃ What the %@#! is happening to bonds right now? โ€ฃ Why are safe asset classes down double digits while risky asset classes scream upward? โ€ฃ Should retirement investors consider changes? โ€ฃ Are money market funds and CDs a better solution than bond funds? โ€ฃ And what might all of this mean for the future of bond investing? I'm answering these questions (and more!) in this 2-part series on bonds. --- WANT MORE RETIREMENT PLANNING TIPS? Join 5,000+ listeners and subscribe to the Stay Wealthy Retirement Newsletter. As a thank you, you'll receive a copy of my 2023 Tax Planning Cheatsheet. ๐Ÿ‘‰ Click here to subscribe and grab your cheatsheet. --- EPISODE RESOURCES: ๐Ÿ“Š Get Your Free Retirement + Tax Analysis โœ๏ธ Grab the Episode Show Notes ๐Ÿ“˜ Read My New Book: More Than Money

Duration:00:25:46

9 Fun (and Useful!) Facts About Investing & Retirement

10/19/2023
Today I'm sharing nine fun facts about the economy, markets, and retirement. Along with being entertaining, these facts bring important planning topics to the surface. They also help to address and answer common questions. For example: โ€ฃ How correlated is the economy to the stock market? โ€ฃ What are the actual odds of a catastrophic long-term care event? โ€ฃ Should average life expectancy assumptions be used in retirement projections? If you're ready to have some fun learning about the history of the markets and little-known facts about investing, this episode is for you. --- WANT MORE RETIREMENT PLANNING TIPS? Join thousands of listeners and subscribe to the Stay Wealthy Retirement Newsletter. As a thank you, you'll receive a copy of my 2023 Tax Planning Cheatsheet. ๐Ÿ‘‰ Click here to subscribe and grab your cheatsheet. --- EPISODE RESOURCES: ๐Ÿ“Š Get Your Free Retirement + Tax Analysis โœ๏ธ Grab the Episode Show Notes ๐Ÿ“˜ Read My New Book: More Than Money

Duration:00:18:31

Credit Freeze: Top 5 (Listener!) Questions Answered

10/4/2023
Everyone should freeze their credit. But most retirement savers I talk to have not tackled this simple (and free!) task. After commenting briefly about credit freezes in an episode last month, I've received dozens of GREAT questions from listeners. Questions like... โ€ฃ Should minor children freeze their credit even if they don't have a credit score? โ€ฃ After freezing with the "big three" (Equifax, Transunion, Experian), what other agencies should I freeze my credit with? โ€ฃ How will freezing my credit affect my credit score? ...and more! Tune in to get answers to these questions and learn more about this critical financial planning task that continues to be overlooked. --- WANT MORE RETIREMENT PLANNING TIPS? Join thousands of listeners and subscribe to the Stay Wealthy Retirement Newsletter. As a thank you, you'll receive a copy of my 2023 Tax Planning Cheatsheet. ๐Ÿ‘‰ Click here to subscribe and grab your cheatsheet. --- EPISODE RESOURCES: ๐Ÿ“– How to Freeze Your Credit (Step-by-Step) ๐Ÿ“Š Get Your Free Retirement + Tax Analysis โœ๏ธ Grab the Episode Show Notes ๐Ÿ“˜ Check Out My New Book: More Than Money

Duration:00:12:25

What the Media Won't Tell You About Inflation

9/27/2023
Last June, inflation hit a 40-year high of 9.1%. Since then, itโ€™s been falling month over month, hitting 3.2% in July of this year. The Fedโ€™s aggressive rate hikes seemed to be doing their job, and their 2% inflation target appeared to be in sight. But then, the August CPI report came out a few weeks ago... ...and we saw inflation spike, jumping up to 3.7%. What happened? Where does inflation go from here? And should we be worried about this recent uptick? --- WANT MORE RETIREMENT PLANNING TIPS? Join thousands of listeners and subscribe to the Stay Wealthy Retirement Newsletter. As a thank you, you'll receive a copy of my 2023 Tax Planning Cheatsheet. ๐Ÿ‘‰ Click here to subscribe and grab your cheatsheet. --- EPISODE RESOURCES: ๐Ÿ“Š Get Your Free Retirement and Tax Analysis โœ๏ธ Grab the Episode Show Notes ๐Ÿ“˜ Check Out My New Book: More Than Money

Duration:00:12:27

The Behavior Gap: How Retirement Investors Can Avoid It

9/14/2023
Year after year, investors underperform the funds they invest in by almost 2%. ๐Ÿคฏ Not because of fees or taxes...but because of poorly-timed investing decisions. In today's episode, I'm sharing the results of this year's "Mind the Gap" study from Morningstar. I'm also sharing: โ€ฃ The asset classes with the highest and lowest behavior gap over the last 10 years โ€ฃ The relationship between volatility and investing returns โ€ฃ Three things retirement investors can do to earn more of the returns generated by their investments --- WANT MORE RETIREMENT PLANNING TIPS? Join thousands of listeners and subscribe to the Stay Wealthy Retirement Newsletter. As a thank you, you'll receive a copy of my 2023 Tax Planning Cheatsheet. ๐Ÿ‘‰ Click here to subscribe and grab your cheatsheet. --- EPISODE RESOURCES: ๐Ÿ“Š Get Your Free Retirement and Tax Analysis โœ๏ธ Grab the Episode Show Notes ๐Ÿ“˜ Check Out My New Book: More Than Money

Duration:00:14:17

3 Financial Scams to Watch Out For in 2023

9/6/2023
Consumers reported losing nearly $9 billion to fraud in 2022 โ€” a 30% increase from the year prior. And those are just the incidents that are reported. In fact, some reports suggest that the ACTUAL amount is closer to $40 billion! One thing every report seems to agree on is that scams are becoming more prevalent and more sophisticated. So to help protect retirement investors from becoming victims, today I'm sharing the three financial scams to watch out for. I'm also sharing how you can protect yourself (and your loved ones) from each scam. --- WANT MORE RETIREMENT PLANNING TIPS? Join thousands of listeners and subscribe to the Stay Wealthy Retirement Newsletter. As a thank you, you'll receive a copy of my 2023 Tax Planning Cheatsheet. ๐Ÿ‘‰ Click here to subscribe and grab your cheatsheet. --- EPISODE RESOURCES: ๐Ÿ“Š Get Your Free Retirement and Tax Analysis โœ๏ธ Grab the Episode Show Notes ๐Ÿ“˜ Check Out My New Book: More Than Money

Duration:00:20:36

Listener Q&A: Early Retirement Pitfalls, Best Index Funds to Invest In, and More!

8/30/2023
In this episode, we're answering listener questions! Specifically, guest host Jeremy Schneider is answering questions like: Jeremy also shares important tips on transferring money from old investment accounts. If you want to get answers to these great questions (and hear from a surprise guest who snuck their way in!), this episode is for you. --- WANT MORE RETIREMENT PLANNING TIPS? Join thousands of listeners and subscribe to the Stay Wealthy Retirement Newsletter. As a thank you, you'll receive a copy of my 2023 Tax Planning Cheatsheet. ๐Ÿ‘‰ Click here to subscribe and grab your cheatsheet. --- EPISODE RESOURCES: ๐Ÿ‘‰ Follow Jeremy Schneider on Instagram โœ๏ธ Grab the Episode Show Notes ๐Ÿ“˜ Check Out My New Book: More Than Money ๐Ÿ“Š Get Your Free Retirement and Tax Analysis

Duration:00:32:17

Why You Shouldn't Care About Your Credit Score

8/23/2023
Almost every day, I (guest host Jeremy Schneider) hear someone mention their credit score. After being in school our entire young lives, we must all crave for someone to give us another grade. And when the olโ€™ FICO corporation is slapping a big number on all of us... ...we excitedly spend every waking moment trying to improve (or maintain) it. But hereโ€™s the problem: Focusing on your credit score is a TERRIBLE way to win with money. Youโ€™re putting your energy towards precisely the wrong thing. In today's episode, I'm sharing why you shouldn't care about your credit score + what you should be focusing on instead! WANT MORE RETIREMENT PLANNING TIPS? Join thousands of listeners around the country and subscribe to the Stay Wealthy Retirement Newsletter. As a thank you, you'll receive a copy of my 2023 Tax Planning Cheatsheet. ๐Ÿ‘‰ Click here to subscribe and grab your cheatsheet. *** EPISODE RESOURCES: ๐Ÿ‘‰ Follow Jeremy Schneider on Instagram โœ๏ธ Grab the Episode Show Notes ๐Ÿ“˜ Check Out My New Book: More Than Money ๐Ÿ“Š Get Your Free Retirement and Tax Analysis

Duration:00:20:51

Backdoor Roth IRA: What It Is, Pros + Cons, and How to Execute

8/16/2023
Today we're talking about the Backdoor Roth IRA. Specifically, guest host Jeremy Schneider is sharing: If you're interested in learning more about this unique strategy for getting more money into a Roth IRA, this episode is for you. *** WANT MORE RETIREMENT PLANNING TIPS? Join thousands of listeners and subscribe to the Stay Wealthy Retirement Newsletter. As a thank you, you'll receive a copy of my 2023 Tax Planning Cheatsheet. ๐Ÿ‘‰ Click here to subscribe and grab your cheatsheet. *** EPISODE RESOURCES: ๐Ÿ‘‰ Follow Jeremy Schneider on Instagram โœ๏ธ Grab the Episode Show Notes ๐Ÿ“˜ Check Out My New Book: More Than Money ๐Ÿ“Š Get Your Free Retirement and Tax Analysis

Duration:00:09:27

How to Prepare Loved Ones for When You Die

8/9/2023
If YOU were to unexpectedly die tomorrow, would your loved ones know how to access your information? Your bank accounts? Insurance policies? Debts? Access to your home and car? Your devices? Approximately 2/3 of Americans don't have any estate planning documents! To help you avoid leaving a financial mess behind, guest host Jeremy Schneider is sharing how he's PERSONALLY prepared his family for an untimely death. Specifically, he's sharing: โžก What information and documents he has gathered โžก Where and how he (securely) stores it โžก His process for keeping everything updated If you need actionable ideas (and motivation!) to tackle this critical planning task, today's episode is for you. WANT MORE RETIREMENT PLANNING TIPS? Join thousands of listeners and subscribe to the Stay Wealthy Retirement Newsletter. As a thank you, you'll receive a copy of my 2023 Tax Planning Cheatsheet. ๐Ÿ‘‰ Click here to subscribe and grab your cheatsheet. *** EPISODE RESOURCES: ๐Ÿ‘‰ Follow Jeremy Schneider on Instagram โœ๏ธ Grab the Episode Show Notes ๐Ÿ“˜ Check Out My New Book: More Than Money ๐Ÿ“Š Get Your Free Retirement and Tax Analysis

Duration:00:17:04

A New (and Simple!) Strategy to Boost Retirement Income

8/2/2023
Today I'm discussing a new retirement withdrawal strategy. The strategy is simple + allows retirees to (safely) spend more money than the 4% rule. It also protects against one of the biggest threats to retirementโ€”Sequence Risk! If you want to avoid leaving behind a mattress full of money and learn about a simpler approach to boosting retirement income, you'll enjoy today's episode. WANT MORE RETIREMENT PLANNING TIPS? Join thousands of listeners and subscribe to the Stay Wealthy Retirement Newsletter. As a thank you, you'll receive a copy of my 2023 Tax Planning Cheatsheet. ๐Ÿ‘‰ Click here to subscribe and grab your cheatsheet. *** EPISODE RESOURCES: ๐Ÿ“˜ Check Out My New Book: More Than Money โœ๏ธ Grab the Episode Show Notes ๐Ÿ“Š Get Your Free Retirement and Tax Analysis

Duration:00:19:02

The Best Investment

7/26/2023
What separates a good investment from a bad one? How do you evaluate different investment options? Why are some very well-known metrics flawed and problematic? I'm answering these questions + sharing a personal story that caused me to change my approach when giving opinions about different asset classes. WANT MORE RETIREMENT PLANNING TIPS? Join thousands of listeners and subscribe to the Stay Wealthy Retirement Newsletter. As a thank you, you'll receive a copy of my 2023 Tax Planning Cheatsheet. ๐Ÿ‘‰ Click here to subscribe and grab your cheatsheet. *** EPISODE RESOURCES: ๐Ÿ“˜ Check Out My New Book: More Than Money โœ๏ธ Grab the Episode Show Notes ๐Ÿ“Š Get Your Free Retirement and Tax Analysis

Duration:00:14:28

3 (More) Reasons NOT to Do Roth Conversions

7/12/2023
Last year, I published an episode titled, 5 Reasons Not to Do a Roth Conversion. The 5 reasons shared were: 1๏ธโƒฃ - Shadow taxes 2๏ธโƒฃ - No undo button 3๏ธโƒฃ - Lack of cash flow to pay the tax bill 4๏ธโƒฃ - You just donโ€™t want to :) 5๏ธโƒฃ - Future charitable giving goals Today I'm sharing three (more) reasons not to convert + why it might be ok to leave money in your pre-tax IRA. Roth conversions can be a wildly beneficial tax planning move for the right person... ...but they aren't a "no-brainer" for everyone. If you want to learn more about situations when converting money to a Roth IRA does NOT make sense, today's episode is for you. WANT MORE RETIREMENT PLANNING TIPS? Join thousands of listeners and subscribe to the Stay Wealthy Retirement Newsletter. As a thank you, you'll receive a copy of my 2023 Tax Planning Cheatsheet. ๐Ÿ‘‰ Click here to subscribe and grab your cheatsheet. *** EPISODE RESOURCES: ๐Ÿ“˜ Check Out My New Book: More Than Money โœ๏ธ Grab the Episode Show Notes ๐Ÿ“Š Get Your Free Retirement and Tax Analysis

Duration:00:19:45

Why Cash Is Not a Great Investment (Even With a 5% Yield!)

6/21/2023
"Cash is king." But is it a great investment? Historically, investors have built up dry powder to fund emergencies or survive market downturns. But with cash now yielding close to 5%... ...many investors are viewing cash as a way to make money. Today I'm sharing why cash โ€” even at today's rates โ€” is a bad investment. I'm also sharing how much cash a retirement investor should consider holding. WANT MORE RETIREMENT PLANNING TIPS? Join thousands of listeners and subscribe to the Stay Wealthy Retirement Newsletter. As a thank you, you'll receive a copy of my 2023 Tax Planning Cheatsheet. ๐Ÿ‘‰ Click here to subscribe and grab your cheatsheet. *** EPISODE RESOURCES: ๐Ÿ“˜ Check Out My New Book: More Than Money โœ๏ธ Grab the Episode Show Notes ๐Ÿ“Š Get Your Free Retirement and Tax Analysis

Duration:00:12:33

International Stocks: 3 Reasons Why Retirement Investors Should Own Them

6/7/2023
For the last 53 years, U.S. stocks have significantly outperformed international stocks. (It's not even close.) As a result, many retirement investors are left wondering if they should own this asset class. Today I'm sharing why owning international stocks over the last 5 decades -- despite the disappointing track record -- was actually a smart decision. Iโ€™m also sharing why owning international stocks for the next 50 years and beyond is likely a wise decision, too. WANT MORE RETIREMENT PLANNING TIPS? Join thousands of listeners and subscribe to the Stay Wealthy Retirement Newsletter. As a thank you, you'll receive a copy of my 2023 Tax Planning Cheatsheet. ๐Ÿ‘‰ Click here to subscribe and grab your cheatsheet. *** EPISODE RESOURCES: ๐Ÿ“˜ Check Out My New Book: More Than Money โœ๏ธ Grab the Episode Show Notes ๐Ÿ“Š Get Your Free Retirement and Tax Analysis

Duration:00:19:23

Phil-in the Gaps: Why Alternative Investments Belong in Your Retirement Portfolio

5/3/2023
Today I'm joined by Phil Huber, Chief Investment Officer at Savant Wealth Management. Phil joins me to take the other side of the alternative investment debate and shares three big insights: 1.) What exactly defines an "alternative investment" 2.) Why traditional stock/bond portfolios will be challenged in the years ahead 3.) How alternatives can help to reduce risk and improve investment returns He also addresses common misconceptions about this complex asset class. If you're looking to expand your investment knowledge and learn how alternatives might enhance your retirement portfolio, this episode is for you. WANT MORE RETIREMENT PLANNING TIPS? Join thousands of listeners and subscribe to the Stay Wealthy Retirement Newsletter. As a thank you, you'll receive a copy of my 2023 Tax Planning Cheatsheet. ๐Ÿ‘‰ Click here to subscribe and grab your cheatsheet. *** EPISODE RESOURCES: ๐Ÿ“˜ Check Out My New Book: More Than Money โœ๏ธ Grab the Episode Show Notes ๐Ÿ“Š Get Your Free Retirement and Tax Analysis

Duration:00:51:11

The Bond Market is Flashing a Recession Warning

4/26/2023
Today I'm talking about the bond market. Specifically, what it's currently telling us about where the economy might be headed. In fact, we've never seen bond yields sound the recession alarm this loudly. ๐Ÿšจ But, how reliable is the bond market? What does this "recession warning" mean for retirement savers? And how might the current environment impact investment decisions? I'm answering these questions (and more) in this episode! WANT MORE RETIREMENT PLANNING TIPS? Join thousands of listeners and subscribe to the Stay Wealthy Retirement Newsletter. As a thank you, you'll receive a copy of my 2023 Tax Planning Cheatsheet. ๐Ÿ‘‰ Click here to subscribe and grab your cheatsheet. *** EPISODE RESOURCES: ๐Ÿ“˜ Check Out the More Than Money Book โœ๏ธ Grab the Episode Show Notes ๐Ÿ“Š Get Your Free Retirement and Tax Analysis

Duration:00:15:37

Why You Shouldn't Be Surprised By Your Investment Returns

4/5/2023
Today we're talking about expectations vs reality. To help, Iโ€™m joined by Rubin Miller, founder and CIO of Peltoma Capital. Rubin and I talk about three BIG things: We also talk about "risk-free" investments, the hidden dangers of an investor's time horizon, and growth vs value stocks. If you want to learn how to be a successful investor + how we can use evidence to make informed retirement planning decisions, todayโ€™s episode is for you. WANT MORE RETIREMENT PLANNING TIPS? Join thousands of listeners and subscribe to the Stay Wealthy Retirement Newsletter. As a thank you, you'll receive a copy of my 2023 Tax Planning Cheatsheet. ๐Ÿ‘‰ Click here to subscribe and grab your cheatsheet. *** EPISODE RESOURCES: ๐Ÿ“˜ Grab Your Copy of the More Than Money Book โœ๏ธ Grab the Episode Show Notes ๐Ÿ“Š Get Your Free Retirement and Tax Analysis

Duration:00:51:23