Book a free consultation to get started today 👉 https://www.rivertreewealth.com/get-started

Not sure where to pull income from first in retirement? It can be a overwhelming to figure this out because of the impact your distributions have on other items in retirement such as Social Security taxes, RMDs, Medicare Premiums, and more.

This week on the podcast I share some ideas around how to decide where to pull income from first in retirement.

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Website: https://www.rivertreewealth.com
LinkedIn: https://www.linkedin.com/in/jacobduke

Jacob Duke, CFP, MBA is the founder of Rivertree Wealth and the host of the Retirement Answers podcast.

🔔 Subscribe to the channel and press the bell icon so you never miss a video!

DISCLAIMER: This video is not meant to be taken a tax, legal, or investment advice. All content is for educational purposes only.

Today, I'm sharing 7 reasons you shouldn't do Roth conversions... I hear about far too many people who are trying to do Roth conversions, but they shouldn't be doing any at all. Yes, Roth conversions are a power tax planning strategy for retirees, but it's not the best strategy for everyone.

Creating a comprehensive plan that is unique to your situation is key. Don't just do Roth conversions because it's what everyone is talking about!

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Website: https://www.rivertreewealth.com
LinkedIn: https://www.linkedin.com/in/jacobduke

Jacob Duke, CFP, MBA is the founder of Rivertree Wealth and the host of the Retirement Answers podcast.

🔔 Subscribe to the channel and press the bell icon so you never miss a video!

DISCLAIMER: This podcast is not meant to be taken as tax, legal, or investment advice. All content is for educational purposes only.

Need a custom retirement plan? 👉 Get started today: https://www.rivertreewealth.com/get-started

Wondering if you have enough money saved up to retire comfortably in 2024? In this video, I provide a framework you can use to evaluate how much you need to live a worry-free retirement.

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Website: https://www.rivertreewealth.com
LinkedIn: https://www.linkedin.com/in/jacobduke

Jacob Duke, CFP, MBA is the founder of Rivertree Wealth and the host of the Retirement Answers podcast.

🔔 Subscribe to the channel and press the bell icon so you never miss a video!

DISCLAIMER: This video is not meant to be taken as tax, legal, or investment advice. All content is for educational purposes only.

One of the biggest questions around Social Security is, "Will I pay income taxes on my Social Security benefits?"

I answer this very question, walk through an example, and share some tips on how you can lower your Social Security taxes in the future.

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Website: https://www.rivertreewealth.com
LinkedIn: https://www.linkedin.com/in/jacobduke

Jacob Duke, CFP, MBA is the founder of Rivertree Wealth and the host of the Retirement Answers podcast.

👉 Do you have your custom retirement strategy? If not, get started today: https://www.rivertreewealth.com/get-started

🔔 Subscribe to the channel and press the bell icon so you never miss a video!

DISCLAIMER: This video is not meant to be taken as tax, legal, or investment advice. All content is for educational purposes only.

In recent years, there has been a growing concern around Social Security going insolvent.

There are some truths to these concerns, but there are also many misunderstandings. The biggest misunderstanding is that Social Security will be going away entirely.

The confusing part is that the Social Security trust fund could be running out in the future, but Social Security is a pay-as-you-go system. This just means that the dollars received every year in taxes are paid out every year in benefits.

So, as long as taxes are being received, something will be paid out. How much will be paid out though? That's the question that is on everyone's mind.

In this episode, I break down:
- The details of the latest Trustee Report that was published on May 6th, 2024.
- The problem at hand
- Ideas for how the system can be sured up
- What the trustees suggest and the magnitude of this needing to be fixed
- How you should react as a retiree or pre-retiree.

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Website: https://www.rivertreewealth.com
LinkedIn: https://www.linkedin.com/in/jacobduke

Jacob Duke, CFP, MBA is the founder of Rivertree Wealth and the host of the Retirement Answers podcast.

👉 Do you have your custom retirement strategy? If not, get started today: https://www.rivertreewealth.com/get-started

🔔 Subscribe to the channel and press the bell icon so you never miss a video!

DISCLAIMER: This video is not meant to be taken as tax, legal, or investment advice. All content is for educational purposes only.

Estate planning is often a forgotten part of a financial plan, but there are a few steps you can take to start building your estate plan.

It doesn't have to complicated, so I am sharing 3 must-haves to include in your estate plan. There are more elements to think about including in your estate plan, but these should get you started.

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Website: https://www.rivertreewealth.com
LinkedIn: https://www.linkedin.com/in/jacobduke

Jacob Duke, CFP, MBA is the founder of Rivertree Wealth and the host of the Retirement Answers podcast.

👉 Do you have your custom retirement strategy? If not, get started today.

🔔 Subscribe so you never miss an episode!

DISCLAIMER: This video is not meant to be taken as tax, legal, or investment advice. All content is for educational purposes only.

So you inherited an IRA... But now what? Do you have to take all of the money out immediately? Over your lifetime? Within 10 years?

The SECURE Act was instituted in 2020, but we are still trying to understand what the rules actually are for IRA inheritors.

Prior to the SECURE Act, you could stretch the Required Minimum Distributions (RMD) over your lifetime. This gave you the benefit of spreading out your tax liability over many years.

The SECURE Act took this "stretch" provision away for many beneficiaries and left it available to others. Also, the "10-year rule" was created. This new ruling forces certain beneficiaries to distribute the entire balance of the IRA by the end of the 10th year following death.

This video is meant to serve as a guide for you in determining how to properly follow the SECURE Act rules for Inherited IRAs.

The biggest questions you have to ask yourself are:
- What type of beneficiary am I?
- What account type have I inherited? (Tax-deferred or Roth)
- Did the decedent pass away before or after their Required Beginning Date (RBD)?

Answering these questions will help you determine how to distribute your the funds in your Inherited IRA correctly.

Want help with your retirement plan?👇🏼

☎️ Book a call with me: https://calendly.com/jacobduke/intro
✉️ Email me: jacob@rivertreewealth.com
Website: www.rivertreewealth.com

#retirement #howmuchtoretire #retirementplanning #rothira #rothconversion #investing #401k #socialsecurityretirement #socialsecurity #secureact #SECUREAct2.0

There are lots of opinions and ideas around how to properly plan for and live out a successful retirement.

Today, I'mis sharing 8 do's & don'ts of retirement planning that I often run into when talking with prospective clients.

Topics covered:
- How to invest in retirement
- How you can trust your plan
- Why you should be proactive instead of reactive
- Understanding Social Security
- Talking to others who have already retired

A big part of having a successful retirement is knowing what pitfalls to look out for. Hopefully, this helps you on your retirement journey.

Want help with your retirement plan?👇🏼

☎️ Book a call with me: https://calendly.com/jacobduke/intro
✉️ Email me: jacob@rivertreewealth.com
Website: www.rivertreewealth.com

#retirement #howmuchtoretire #retirementplanning #rothira #rothconversion #investing #401k #socialsecurity