The Savvy Investor Podcast: Recent Episodes
Michael Canet
Mike Canet is a financial planner and an estate planning attorney with a master’s degree in taxation. Ryan Herbert is a financial and tax planner and 6 time 5 Star Wealth Management award winner. Together, they talk about solutions to help you retire successfully.
Think taking Social Security early is always the smartest move? Think again. In this episode, Mike Canet breaks down why Social Security claiming strategies are far more personal than most people realize. From life expectancy and income needs to legacy goals, taxes, Roth conversions, and pension decisions, Mike explains why there is no one-size-fits-all answer. Using real-world examples, he shows how the right claiming strategy depends on how every piece of a retirement plan fits together. If you're weighing when to claim Social Security, this conversation highlights the factors that deserve a closer look.
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Your retirement calculator says you're on track, but what if it's missing the factors that matter most? This episode explores the limitations of online retirement calculators, AI tools, and probability-based projections that can make retirement readiness seem simpler than it is. Ryan Herbert and Lawrence Kiely discuss how market timing, taxes, income planning, inflation, lifestyle changes, and unexpected life events can impact retirement outcomes. Learn why a personalized retirement strategy goes beyond projections and how building a plan around your unique goals, spending needs, and income sources can provide greater clarity as you prepare for retirement.
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A larger Social Security benefit sounds appealing, but what if waiting means sacrificing some of your best retirement years? Ryan Herbert and Katherine Groce explore the factors that go into deciding when to claim Social Security, including longevity, cash flow needs, portfolio withdrawals, taxes, and lifestyle goals. They discuss why the “best” claiming age is different for everyone, how delaying benefits can affect your retirement savings, and why quality of life often plays a major role in the decision.
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You’ve spent decades building your retirement savings—but do you know how that money will turn into a paycheck? Catherine Gross discusses why income planning is one of the most important parts of retirement and why many retirees focus on saving without preparing for the distribution phase. The conversation explores Social Security, pensions, 401(k)s, protected income strategies, and the role each can play in covering retirement expenses. Learn how evaluating income needs, savings, and risk tolerance can help create a clearer picture of where your retirement paycheck may come from.
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Are you planning for a longer life—or unintentionally planning to run out of money too soon? Mike Canet and Ryan Herbert explore the growing impact of longevity on retirement planning and the balance between spending and saving. The discussion highlights common fears around outliving assets, underspending in early retirement, and navigating income strategies through changing market conditions. You’ll also hear how different tools and approaches—paired with a structured plan—can help address income needs while allowing flexibility for lifestyle decisions. It’s a practical look at aligning retirement planning with both life expectancy and personal goals.
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What could a simple deed change save your family from thousands in unnecessary costs? This episode tackles one of the most common retirement concerns: how to handle real estate efficiently in an estate plan. The team breaks down how probate works, why many aim to avoid it, and how tools like transfer-on-death deeds can simplify the process in certain states. They also discuss common mistakes, including adding children as joint owners and the potential tax and liability consequences. Plus, hear practical considerations around Medicare timing and tax-efficient ways to cover premiums.
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What if the stock market isn’t telling you the full story about your retirement? In this episode, Ryan Herbert breaks down why market headlines and economic signals can feel disconnected and why relying on them alone may create unnecessary stress. They revisit past market cycles to illustrate how volatility can affect withdrawals and long-term outcomes, especially early in retirement. The conversation shifts to a more practical focus: understanding your monthly income needs, identifying reliable income sources, and evaluating how much risk you’re comfortable carrying. Instead of reacting to daily market noise, the discussion centers on building a plan designed around consistent income and personal spending needs in retirement.
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Is doing nothing with your money actually a risky decision? In this episode, Mike Canet and Ryan Herbert break down why “wait and see” can create unintended consequences, especially as you move closer to retirement. They explore how fear driven by politics, markets, and headlines can lead to financial paralysis, and why a one-size-fits-all, set-it-and-forget-it approach may fall short in later stages of life. You’ll hear how a coordinated financial plan that covers investments, taxes, and estate considerations can bring clarity to complex decisions.
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What happens if you “retire your risk” at the exact moment you need a strategy the most? This episode explores whether pulling back from the market in retirement actually creates new risks, like falling behind inflation or misaligning your goals. Katherine Groce & Lawrence Kiely break down how separating income from growth assets can help shape a more flexible approach, with “buckets” designed for income, lifestyle, and legacy. They also discuss how risk tolerance can evolve over time, why performance comparisons can be misleading, and how a plan—not headlines or market trends—drives better decisions.
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Is diversification really working the way you think or is it missing the bigger picture in retirement? This episode explores why some retirement-focused portfolios outperformed growth models, and what that reveals about strategy versus simple asset allocation. The conversation breaks down how traditional diversification has evolved, why risk management matters differently in retirement, and how income, taxes, and distribution planning fit into the equation. You’ll also hear why chasing returns can lead to unintended consequences, and how aligning investments with specific goals may change the approach. It’s a practical look at shifting from accumulation to a more balanced, income-aware mindset.
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Mike Canet sits down with Bill Murray and his brothers for a wide‑ranging, unscripted discussion that jumps from the future of their long‑running charity golf tournament to beloved family memories, including famously labor‑intensive fried chicken and the cast‑iron skillet behind it. Along the way, they share offbeat party‑crashing stories, reflections on unforgettable performances, and a few laughs about aging, beards, and movie roles.
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Headlines scream disaster, but do they deserve control over your retirement decisions? In this episode, Ryan Herbert and Lawrence Kiely unpack why market predictions, social media takes, and financial fear‑mongering often miss the mark. From bold calls that never came true to hot investing trends pushed for clicks, they explain why reacting to noise can derail long‑term planning. The conversation focuses on understanding context, filtering sources, and aligning financial decisions with your stage of life; not headlines, hype, or well‑meaning family opinions.
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Most people don’t schedule a retirement checkup because something went wrong—they do it because it’s finally time. In this episode, the team discusses why so many pre-retirees approach retirement without a written plan and what changes when income replaces a paycheck. The conversation covers common assumptions about “winging it,” why even experienced professionals often lack their own plans, and the difference between accumulation-focused advice and income-focused planning.
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Choosing a financial advisor can feel overwhelming. Especially when you’re not sure what questions actually matter. In this episode, Mike Canet & Ryan Herbert discuss how investors can better evaluate an advisor or firm before moving forward. The conversation covers what to ask about services provided, planning deliverables, experience with retirement-focused clients, compensation structures, and whether you’ll work with one advisor or a team. They also explain the difference between asset growth and retirement distribution planning, along with why written plans and ongoing implementation matter. This episode is designed to help listeners think more critically about fit, expectations, and the role an advisor should play during retirement.
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Retired and still surprised by a tax bill you didn’t see coming? In this episode, Ryan Herbert breaks down why many retirees continue writing checks to Uncle Sam and what’s often being overlooked along the way. From first-year retirement income surprises to how extra IRA withdrawals can trigger higher taxes on Social Security, the conversation unpacks common misconceptions about taxation in retirement. You’ll hear real-world examples of how income sources like pensions, TSPs, brokerage accounts, and Roth assets are taxed differently, and why withholding “defaults” can fall short.
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The market can be up 160% over a decade and still feel unsettling when short-term losses show up. In this episode, Mike Canet & Ryan Herbert dig into why market volatility feels so different depending on where you are in life. They discuss long-term growth versus retirement realities, how risk tolerance changes when income matters now, and why percentages don’t always tell the full story. From sequence-of-returns risk to the role of secure income sources, this conversation explores how perspective, planning, and timing shape financial decisions. It’s a practical discussion about understanding risk, translating market swings into real dollars, and why having a plan can change how volatility impacts your retirement outlook.
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Is there really a “perfect” age to convert retirement dollars? Or is that the wrong question entirely?
In this episode, Ryan Herbert & Lawrence Kiely break down the often-misunderstood idea of Roth conversion “sweet spots” and why timing alone doesn’t equal strategy. They discuss how tax brackets, Medicare IRMAA, account balances, and life events all shape conversion decisions. The conversation highlights the risks of picking arbitrary numbers, relying on advice in isolation, or only thinking about taxes once a year. Instead, the focus is on coordination, context, and building a plan that adjusts as income, retirement timing, and cash flow change.
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Market drops grab headlines, but they’re rarely the biggest challenge facing retirement plans. On this episode, Ryan Herbert & Lawrence Kiely break down the difference between routine market corrections, bear markets, and rare major downturns, while also discussing why short-term volatility often gets more attention than long-term planning realities. They explain how retirement strategies can be structured to separate income needs from market swings, helping investors stay focused on monthly cash flow rather than daily headlines. The conversation also explores why market timing creates challenges, how recent volatility shows up in client conversations, and where tax strategies like Roth conversions tend to surface during down markets.
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What if your retirement plan worked more like a GPS: clear directions, planned stops, and updates when conditions change? In this episode, Mike Canet & Ryan Herbert use a road-trip analogy to explain why retirement planning shouldn’t rely solely on probabilities and projections. They discuss the value of having a written, step-by-step income roadmap that accounts for taxes, inflation, Medicare considerations, and changing milestones. You’ll hear why ongoing reviews matter, how detours can affect long-term outcomes, and what separates a basic simulation from a full financial plan designed for real life transitions.
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What if the way you’re told to save for retirement isn’t the smartest option on the table?
A recent comparison between the U.S. retirement system and Australia’s sparks a deeper discussion about taxes, required minimum distributions, and long-term planning. The team breaks down how traditional 401(k)s, Australian-style retirement savings, and Roth 401(k)s handle taxation—both now and later—and why timing matters more than most people realize. Along the way, they explore how taxes can quietly reshape income, Social Security, and investment risk throughout retirement, and why assumptions about being in a “lower tax bracket later” deserve a closer look.
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Ryan Herbert & Katherine Groce break down common misconceptions about retirement income, taxes, Medicare premiums, and investment returns. They explore why a 401(k) balance isn’t entirely yours, how Social Security can be taxed, why Medicare costs can rise based on income, and how fees quietly erode returns. Through real examples and plain‑spoken explanations, the episode highlights how taxes, healthcare costs, and fees shape what retirement money actually looks like.
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A Super Bowl commercial sparks a conversation that could quietly reshape how families think about long‑term wealth. Mike and Ryan explore the new “Trump accounts,” a government‑seeded savings option for children that blends features of IRAs with long‑term compounding potential. The discussion breaks down who can open these accounts, contribution limits, tax treatment, and how parents and grandparents might use them alongside or instead of 529 plans. Mike and Ryan also compare flexibility, legacy planning considerations, and why starting early changes the math in dramatic ways. It’s a timely look at a new tool entering the family financial planning landscape.
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A $5,000 Roth conversion that promises zero taxes sounds tempting but the fine print tells a very different story. In this episode, Mike and Ryan break down a real-world question that raises major red flags in retirement planning. They unpack how certain advisors frame “tax-free” strategies, why bonuses inside financial products can quietly create bigger tax bills, and how time horizons can make or break long-term outcomes. The conversation widens to the realities of today’s financial advice industry, from sales-driven recommendations to the importance of working with someone who can address taxes, income, and planning together.
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What if the biggest retirement surprise isn’t the market but the tax bill you never saw coming? Mike Canet and Lawrence Kiely unpack a real retiree’s regret and dive into why taxes often derail otherwise solid plans. The conversation centers on overlooked strategies tied to 401(k)s, Roth accounts, and after‑tax contributions, including how complexity—not savings discipline—creates costly blind spots.
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What if the retirement number you’ve been chasing was never the right one? This episode challenges the headline-driven belief that everyone needs the same seven-figure nest egg and explores why real retirement security looks different for every household. The conversation breaks down how income sources, cost of living, pensions, Social Security, market risk, and taxes shape what actually matters once the paycheck stops. Through real-world scenarios and practical framing, the discussion reframes retirement from a single savings target into a coordinated income plan—one that focuses on sustainability, clarity, and control rather than fear-based assumptions.
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Why are Americans feeling less confident about retirement even after strong market years? In this episode Mike Canet & Lawrence Kiely break down why fear, politics, and media noise cloud financial decision‑making, and how real retirement planning goes far beyond market returns. Hear stories of clients navigating RV dreams, inheritance hurdles, tax pitfalls, unexpected life events, and the emotional side of aging and legacy. Mike & Lawrence highlight what true holistic advising looks like: guiding people through every financial crossroads, not just investments.
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What if the secret to a confident retirement isn’t how much you’ve saved, but where you place it? In this episode, Ryan Herbert breaks down the real meaning of guaranteed income and why retirees with secure monthly sources often enjoy their money more. You’ll hear how to calculate what you truly spend, how to match that number with dependable income streams, and how to balance guaranteed funds with market‑based investments. Ryan also explores annuities, pensions, Social Security, and why the right mix is different for everyone.
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What if your retirement plan could weather any market storm without the guesswork? This episode dives into the realities of market ups and downs, why true diversification goes beyond just stocks and bonds, and how a well-crafted financial plan can protect your income and minimize taxes, no matter what the headlines say. Whether you’re worried about interest rates, inflation, or outliving your savings, this conversation offers practical insights for building a resilient retirement.
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What if your retirement plan isn’t worth the fancy binder it came in? Ryan Herbert dives into the hidden pitfalls of traditional retirement planning and exposes why many glossy plans leave retirees anxious and unprepared. He shares real stories of clients who discovered their plans were built on shaky assumptions and how a detailed, step-by-step approach can provide added peace of mind. Learn why understanding your income sources, realistic spending, and emotional readiness are just as vital as investment returns.
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Are you tempted to raid your 401k to wipe out debt before retirement? Discover why that move could cost you more than you think. Ryan Herbert dives into the real financial and tax consequences of paying off mortgages and other debts with retirement savings. Learn how lifestyle choices, tax brackets, and even Medicare premiums are affected and why a true income plan matters for lasting financial security.
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Are you unknowingly leaving your retirement savings stranded in cash? Ryan Herbert dives into the hidden risks of rolling over your 401(k) and letting your money sit idle. Discover why “paralysis by analysis” keeps investors from making smart moves, the pitfalls of market timing, and practical alternatives like annuities and structured notes. Learn how to make your wealth work harder, minimize risk, and plan for a secure retirement all before the year ends.
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Does your CPA really know how to properly tax pan? Mike Canet & Ryan Herbert dive into real stories of retirees and business owners who trusted advisors only to discover costly mistakes in their financial and tax planning. They reveal how a second opinion saved one client over $15 million in taxes and helped another family untangle a web of annuities. Learn why “going along” isn’t always in your best interest, and how proactive planning can protect your wealth.
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What if your biggest retirement asset is also your biggest tax trap? Ryan Herbert dives into the realities of 401(k) withdrawals, required minimum distributions (RMDs), and how shifting tax laws could quietly erode your nest egg. This episode unpacks why following “Uncle Sam’s plan” may cost you far more than you expect and how proactive tax planning can save hundreds of thousands over your lifetime. Learn the pitfalls of relying on default strategies, the impact of future tax rates, and actionable steps to protect your legacy.
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What do Thanksgiving-flavored Oreos have in common with mutual funds? Sometimes, what looks exciting on the shelf doesn’t deliver in reality. In this episode, Ryan Herbert dives into the world of target date mutual funds and exploring why these “set it and forget it” investments may not be as safe as they seem, especially as retirement approaches. Learn how marketing hype can mask hidden risks and fees, and discover a smarter approach to retirement planning that’s tailored to your goals, not just your age.
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What if your retirement income could be as reliable as your old paycheck? Ryan Herbert dives into the real-world confusion around TIAA accounts, annuities, and the strategies that can turn your nest egg into a steady stream of income. He breaks down the pros and cons of annuities, the risks of relying solely on the market, and why true retirement planning means more than just picking investments... It’s about creating confidence, flexibility, and a plan that lets you enjoy life without outliving your money.
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Are you letting market noise dictate your retirement peace of mind? Ryan Herbert & Lawrence Kiely dive into the crucial difference between chasing stock market gains and securing your monthly income for life. Discover why retirees who focus on income buckets can confidently tune out market volatility, maintain their lifestyle, and avoid the stress of sudden downturns.
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Ryan Herbert & Lawrence Kiely discuss a dramatic story of two brothers with identical savings but wildly different outcomes, revealing how market timing and preparation can make or break your financial future. They unpack the “sequence of returns” risk, the importance of income planning, and why having a strategy matters more than chasing market highs. Discover how to safeguard your lifestyle, prepare for the unexpected, and focus on enjoying retirement instead of fearing it.
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Maybe annuities aren't so bad after all... right? Ryan Herbert & Katherine Groce discuss how shifting financial headlines are rewriting the rules for annuities, tax planning, and 401(k)s. They break down why annuities are no longer taboo, how tax planning became essential, and what every retiree needs to know about income security. Learn how to build your “income island” and why a diversified approach\ can help you sleep soundly in retirement.
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Is claiming Social Security at 62 a smart move or a costly mistake? Ryan Herbert & Katherine Groce dive into the heated debate sparked by financial guru Dave Ramsey and his advice to take Social Security early, even while working. They break down the real math behind penalties, taxes, and investment returns. Discover why timing matters, how life expectancy and income shape your decision, and what pitfalls to avoid.
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Are you missing out on thousands in retirement savings because of new 401(k) rules? Ryan Herbert and Katherine Groce break down the latest Secure Act changes, explain why high earners must rethink their catch-up contributions, and how tax diversification—using Roth accounts and cash value life insurance—can protect your future. Discover actionable strategies to maximize tax-free income, avoid costly mistakes, and build a resilient retirement plan.
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Ryan Herbert discusses the “three holes” strategy—like snow tires for your portfolio—to take action in preserving your income in retirement. He breaks down practical exit strategies, the importance of backup plans, and how to balance risk and reward for lasting financial security. Ryan explains why relying on old market wisdom can leave you exposed, and how modern approaches like dividend portfolios and annuities could be a better way to go.
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Are you concerned about your retirement spending? Ryan Herbert dives into the surprising reality of how your expenses shift from your first year of retirement through your golden years. He explains why most retirees spend conservatively at first, ramp up for bucket-list adventures, and eventually plateau—until medical costs rise. Learn how a flexible financial plan could empower you to enjoy retirement without fear of outliving your money, and why a one-size-fits-all approach just doesn’t work.
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Are you making retirement decisions based on outdated rules or generic advice? Ryan Herbert and Lawrence Kiely dive into Kiplinger’s Five Golden Rules of Retirement Planning, revealing why lifetime income, liquid savings, risk management, tax efficiency, and legacy planning must work together. They explain why diversification goes beyond mutual funds, why withdrawal-based plans can fail, and how adaptability is crucial for your financial future.
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What if your favorite breakfast food could cost you minutes of your life—and your financial choices could cost you years? Mike Canet and Ryan Herbert discuss a study from the University of Michigan that highlights the things we eat and the poor decisions we make, and highlight the parallels of this with financial planning mistakes. They unpack the critical differences between financial advisors and true financial planners, and how holistic planning, tax strategies, and estate decisions impact your retirement journey.
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Ryan Herbert & Lawrence Kiely breakdown these 7 rules in retirement that may not apply to you:
1) The 4% Rule
2) Spend as little as possible
3) Delay your Social Security until age 70
4) You need $1 Million to retire
5) Pay off your mortgage before retirement
6) You should avoid Annuities
7) 65 is THE retirement age
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Is retirement really the most financially complex time of your life? That's what Fiona Greig, Vanguard's Global Head of Investor Research thinks. Mike Canet and Ryan Herbert dive into this question and unpack why the transition from saving to spending is more than just a financial shift—it’s an emotional and strategic overhaul. They explore how identity, income, taxes, estate planning, and long-term care all collide in retirement, and why working with a “phase two fiduciary” is critical to avoid costly missteps. Hear how one investor’s $14 million Bitcoin decision turned into a tax nightmare, and why timing and planning matter.
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What if the biggest threat to your retirement isn’t market crashes or investment fees—but taxes? In this episode, Mike Canet and Ryan Herbert reveal how overlooked tax planning can quietly drain 30–40% of your retirement income. They discuss how some advisors miss critical opportunities to protect your wealth and explain why diversifying your tax exposure is just as vital as diversifying your portfolio—and how a simple shift could mean thousands saved.
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What if your retirement plan is built on numbers that don’t actually apply to you? In this episode, Mike Canet and Ryan Herbert expose the pitfalls of generic financial advice—like buying annuities without knowing your real income needs. Through stories of retirees overspending, over-saving, and overpaying in taxes, they show how personalized planning can prevent costly mistakes.
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The Bureau of Labor Statistics revealed that the average spend for a household in retirement aged 65-74 is $5,400 per month. Mike Canet and Lawrence Kiely break down this and other data points including the average Social Security benefit for a couple and explain the emotional and financial crossroads of retirement planning. They cover income and tax buckets, as well as Roth conversion considerations. Mike and Lawrence highlight a real-world example of a federal employee that revealed how pensions, TSP balances and timing decisions come together to answer the question of, "Do I have enough in retirement?"
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What if the most misunderstood financial tool could be your retirement game-changer?
In this episode, Ryan Herbert and Lawrence Kiely unpack the evolving role of annuities in retirement planning. From outdated reputations to modern innovations, they explore why more advisors—and retirees—are turning to fixed index annuities for reliable income. Learn how annuities compare to dividend portfolios, how they help transfer risk, and why they might require less of your savings to secure lifelong income.
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What happens to your retirement plan when life throws you curveballs? In this episode, Katherine Groce and Samantha Nash explore how life’s unexpected detours—like long-term care needs, helping adult children, or spontaneous relocations—can throw off even the best-laid retirement plans. Through real client stories and practical strategies, they show how to adapt your financial roadmap to stay on course to meet your retirement goals.
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When the market drops 20% in a week, what do you do—panic or plan? Mike Canet and Lawrence Kiely explore the emotional rollercoaster of investing and the real-life story of a savvy retiree who sought clarity amid volatility. From the pitfalls of the 4% rule to the pros and cons of annuities, they break down how to build a retirement income strategy that fits your lifestyle and risk tolerance—without relying on guesswork.
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What if you could retire with zero taxes? In this episode, Mike Canet & Lawrence Kiely unpack the “Big Beautiful Bill” and its real impact on Social Security, Roth conversions, and long-term tax planning. They break down how seniors can leverage new deductions, why tax efficiency is more critical than ever, and how proactive planning today could potentially save your heirs hundreds of thousands of dollars tomorrow. It’s not just about saving money—it’s about keeping more of what you’ve earned.
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Ryan Herbert and Lawrence Kiely dive into the 50th anniversary of Jaws—and use it as a metaphor for the hidden dangers lurking in retirement accounts. From Required Minimum Distributions (RMDs) to Roth conversions, they break down how tax planning can be the “bigger boat” you need to stay afloat in retirement. Learn how a proactive tax strategy could potentially save you hundreds of thousands—even millions—over your lifetime.
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What if your million-dollar retirement plan is only worth half that? Ryan Herbert and Lawrence Kiely unpack the hidden costs of financial fees and taxes that can quietly erode your nest egg. They break down the real cost of “free” financial advice, the myth of lower taxes in retirement, and why communication with your advisor matters more than ever. Ryan and Lawrence reveal how to spot value in financial planning and avoid the trap of one-size-fits-all portfolios.
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Think having target date funds is a good idea? Think again. In this episode of the Savvy Investor, Ryan Herbert and Lawrence Kiely break down the hidden risks and misconceptions behind target date funds in your 401(k). From market downturns to fee traps, they reveal why these “set-it-and-forget-it” investments may not be the safe bet you think they are. Learn how to take control of your retirement strategy, explore smarter diversification options, and understand the real cost of convenience.
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What do destination weddings and retirement planning have in common? More than you think. In this episode, Mike Canet and Samantha Nash dive into the unexpected financial curveballs—like lavish weddings, surprise home repairs, and rising healthcare costs—that can derail even the best-laid retirement plans. With humor and real-life stories, they explore how to build flexibility into your income strategy so you can enjoy life’s big (and small) moments without financial stress.
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What if your retirement plan is quietly setting you up for a multi-million-dollar tax bill? In this episode, Mike Canet and Ryan Herbert unpack real-life stories of retirees blindsided by taxes—and how smart planning could have saved them millions. From overlooked Roth conversions to the fine print your advisor won’t discuss, they reveal how to legally minimize your tax burden and keep more of what you’ve earned.
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Retirement planning often revolves around one critical fear: running out of money. A recent study highlights that retirees with guaranteed income, such as pensions, spend 42% more than those relying solely on savings, showcasing the confidence that steady income can provide. Ryan Herbert and Katherine Groce explain that understanding monthly expenses and crafting a plan that secures income through diverse options—market investments, dividend portfolios, or annuities—retirees can prepare for financial stability regardless of market fluctuations.
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Retirement doesn’t have to mean taking unnecessary risks with your savings. Mike Canet & Katherine Groce explain how thoughtful planning and tailored strategies can help retirees create sustainable income streams while minimizing exposure to market volatility. They highlight examples of retirees, like one who thrives with just a 5% return by living within his means and structuring his investments wisely. Mike & Katherine also explore alternatives to traditional stock market investments, such as CDs, fixed index annuities, and structured notes, emphasizing solutions for those seeking stability and added peace of mind in retirement.
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Mike Canet and Ryan Herbert reflect on Warren Buffet’s recent retirement and one of his many famous quotes: “Never run out of money.” They discuss creating income streams that retirees cannot outlive and emphasize the importance of protecting savings from market volatility while ensuring consistent growth through methods like dividend-paying stocks, preferred shares, or annuities.
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Your IRA in retirement. You can leave it, roll it, or cash it out. How do we know what works best for us and what do we have to watch out for?
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A study from AARP revealed that Americans that are 50 years old or older pay 59% of all federal income tax. Contrary to popular belief, many retirees face higher tax obligations due to required minimum distributions (RMDs), Social Security taxes, and insufficient planning during their working years. Mike Canet and Samantha Nash explain that with strategic tax planning, retirees can reduce the burden by leveraging lower tax rates early and exploring options like Roth conversions. Understanding these dynamics is crucial to avoid losing significant portions of savings to taxation and to ensure long-term financial security amidst changing income needs in retirement.
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Lawrence Kiely and Samantha Nash explain the complexities of tax planning, particularly focusing on the differences between tax strategies during working years and retirement. They highlight the importance of proactive tax planning, the implications of Roth conversions, and the impact of required minimum distributions (RMDs) on retirement savings. The discussion also touches on the government's approach to taxation and the significance of strategic planning for future generations.
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In this episode of the Savvy Investor Podcast, Katherine Groce and Samantha Nash discuss the complexities of tax strategies, retirement income, and investment planning. They emphasize the importance of understanding market volatility and how it can present opportunities for long-term investors. The conversation also delves into the psychological aspects of retirement, the significance of annuities for income generation, and the need for a comprehensive financial plan that adapts to changing circumstances and future tax implications.
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In this episode, financial planners Lawrence Kiley and Samantha Nash discuss the impact of market volatility on retirement planning. They emphasize the importance of having a well-structured investment strategy that includes income buckets to ensure financial stability during turbulent times. The conversation also highlights the differences in concerns between existing clients and prospective clients, as well as the proactive approach taken by Pro Status Financial in managing portfolios to mitigate risks.
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This conversation with Mike Canet and Ryan Herbert delves into the intricacies of retirement planning, focusing on the importance of understanding income streams, tax strategies, and the role of fiduciary advisors. Ryan and Mike emphasize the need for effective tax planning to maximize retirement income and avoid common pitfalls that can lead to unnecessary tax burdens. They discuss the benefits of Roth IRAs and the significance of making informed decisions regarding investments and distributions to ensure financial security in retirement.
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In this episode of the Savvy Investor Radio Show, hosts Katherine Groce and Samantha Nash discuss the intricacies of financial planning during tax season, the implications of market volatility, and strategies for transitioning from growth to income in retirement. They emphasize the importance of having a structured plan that accommodates both growth and income needs, particularly for those approaching retirement. The conversation also highlights the significance of understanding one's investment goals and the role of income annuities in providing financial security during retirement.
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Tax Planning and tax preparation are very different! Ryan Herbert and Lawrence Kiely explain the complexities of tax planning and preparation for retirement, highlighting common misconceptions about taxes, the importance of understanding tax implications on retirement accounts, and strategies for minimizing tax burdens. They also share why you need a proactive tax planning to avoid costly mistakes and ensure financial security in retirement.
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Are you thinking about when to retire and how it will impact your financial future? Katherine Groce & Samantha Nash explore the complexities of retirement planning, highlighting the importance of personalized financial strategies. They discuss the emotional and financial decisions involved, the benefits of retiring early versus later, and how to balance work and life goals for a fulfilling retirement. Katherine & Samantha also touch on the generational differences in retirement planning and the need for a customized approach to achieve one's retirement dreams.
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What is the #1 way retirees pull income? A recent study by Charles Schwab reveals seven key income sources for retirees, with the top leading the list at 40%. Ryan Herbert and Lawrence Kiely highlight several strategies and list the primary factors retirees need to focus on when building out an income plan.
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Are you underestimating the impact of taxes on your retirement? Katherine Groce & Samantha Nash discuss how taxes can be a significant expense in retirement, often overlooked by many and dispelling the myth that taxes are lower in retirement. They emphasize the importance of proper tax planning to avoid unexpected financial burdens.
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Most people think they have a balanced retirement portfolio, but often they are taking on more risk than they realize. Ryan Herbert explains The Magnificent 7 and why it’s crucial to diversify your investments to avoid being overly dependent on a few high-performing stocks. He also highlights risk tolerance and examines tech-heavy mutual funds' underlying assets.
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Are you aware of these key ages in retirement planning? Katherine Groce & Samantha Nash cover significant retirement ages that retirees should understand when it comes to:
1) Penalty-free withdrawals from your 401k or TSP
2) “Supersized" catch-up contributions
3) Social Security benefits
4) Medicare enrollment
5) Current and new rules for Required Minimum Distributions (RMDs)
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Are annuities the secret to a secure retirement? Shaquille O'Neal recently shared how annuities have become a vital part of his financial strategy. Ryan Herbert explains that annuities, although often misunderstood, can be an effective tool for generating consistent retirement income when used properly. He also explores various retirement income options, including stocks, preferred stocks, and annuities, explaining their pros and cons.
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Retiring from the federal government can be a complex process, with numerous elements to consider, such as pensions, healthcare, and “leave” payouts. Katherine Groce and Samantha Nash discuss Trump’s recent administrative changes which have added another layer of complexity, potentially impacting the optimal retirement timing.
Katherine and Samantha dive into why federal employees must weigh their options carefully, considering incentive packages and procedural intricacies like TSP rollovers and Roth conversions. Long-time employees may discover they are effectively "working for free," underscoring the importance of accurate financial planning for a secure retirement.
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Retiring from the federal government is filled with complexities, but understanding the best timing and navigating the benefits can make a significant difference. Mike Canet discusses why federal employees face unique challenges, such as figuring out the optimal retirement date, maximizing years of service, and making healthcare and benefit decisions. Changes in government policies and the creation of DOGE add another layer of uncertainty and opportunity. Mike sheds light on the intricacies of federal retirement, emphasizing the importance of meticulous planning to ensure a smooth transition.
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Retirement is approaching faster than you think and knowing if you’re actually prepared comes down to a few key factors. Ryan Herbert addresses the importance of having a detailed retirement plan that includes income streams, tax efficiency, and financial security. He highlights why it’s essential to work with a professional who can guide you through the complexities of retirement planning, ensuring that your savings last throughout your retirement years.
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Steph Curry believes his retirement is near and shares the mindset he has as his playing career is in its final years. Ryan Herbert addresses Curry’s mindset and how it relates to people nearing their retirement. He emphasizes the need for an income plan and outlines the steps that need to be taken to ensure you don’t outlive your life savings.
Ryan also highlights tax efficiency and discusses the transition from the accumulation phase to the distribution phase in retirement.
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In this episode, Samantha Nash draws parallels between preparing for a snowstorm and preparing for retirement, emphasizing the importance of planning to ensure your lifestyle, healthcare, and legacy are secure. She explains that without proper tax planning and doing nothing, you could lose 20 to 30% of your retirement savings in retirement.
Samantha debunks the myth that taxes will automatically be lower in retirement, highlighting that many people may end up in the same or higher tax brackets due to required minimum distributions (RMDs), pensions, and social security. She highlights the value of strategies such as Roth conversions, tax loss harvesting, and income tax minimization to protect your assets from taxes.
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Trump is set to begin his second term and many questions have been raised regarding the potential impacts of the new Department of Government Efficiency. In this episode, Ryan Herbert explores the anxieties federal employees face amid looming government layoffs and the importance of understanding their benefits. With insights into the complexities of federal pensions, retirement planning, and the potential cuts proposed by Elon Musk and Vivek Ramaswamy, we navigate the turbulent waters of governmental changes.
He discusses real-life scenarios of federal employees making crucial decisions about their retirement and highlights the steps they need to take to safeguard their future.
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Transitioning into retirement can often bring a set of new financial challenges and opportunities. In this episode, Ryan Herbert highlights the significant role of understanding cost of living, housing, and taxes in retirement planning. As inflation and healthcare costs rise, it becomes imperative to have a robust plan that addresses these expenses.
Ryan also explains the misconceptions about spending less in retirement and falling into a lower tax bracket, which can lead to financial pitfalls. He addresses the importance of having a comprehensive tax plan that evolves with your retirement needs and ensuring that you can enjoy your retirement years without financial strain.
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Recent studies show that if you retire before 65, there’s a 45% chance of running out of money, largely due to the decline of employer pensions. Mike Canet addresses different income streams and what their potential benefits and pitfalls are, such as annuities, dividends, and preferred stocks. He also highlights things that are just as important to prepare for, including tax planning, fees, and long-term care.
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Ryan Herbert explains the concept of the Santa Claus rally, a phenomenon where stock markets typically see a rise during the end-of-year holiday season. However, he cautions against getting too excited about these short-term gains, especially for those managing significant investments.
Ryan discusses the importance of having a solid, long-term financial plan that accounts for market volatility and potential downturns, rather than chasing small percentage gains that might not justify the risk. Using examples from recent market behaviors and economic uncertainties, he emphasizes the need for prudent decision-making and the dangers of impulsive investments.
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Imagine growing your wealth tax-free and leaving a legacy for your loved ones. In this episode, Mike Canet delves into the benefits of using life insurance policies as a tax-efficient investment tool, contrasting it with traditional 401(k) plans. By investing in life insurance, you can potentially achieve a higher rate of return without the burden of taxes, both when contributing and withdrawing.
Mike emphasizes the importance of balancing today's needs with future planning, ensuring financial advantages for both you and your heirs. Additionally, this episode touches on the current political landscape and its impact on federal spending, urging listeners to make informed decisions about their finances. Join the conversation to learn how to navigate the Secure Act 2.0 and optimize your financial strategy.
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Ever wondered if the 4% rule is truly a reliable strategy for your retirement? In this episode, Mike & Ryan delve into the intricacies of this popular financial guideline and explore its real-world implications. Discover why sticking strictly to the 4% rule could lead to unexpected financial pitfalls, especially when factoring in additional expenses like nursing home care.
Mike & Ryan also discuss the importance of a holistic approach to financial planning, where risk management, tax implications, and long-term care are all carefully balanced.
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Are you ready to dive into the golden era of soft rock? In this episode, Mike and Ryan explore the enduring legacy of Yacht Rock, featuring timeless artists like Michael McDonald and the Doobie Brothers. Journey through anecdotes from backstage interviews and memorable concerts, as these musical legends continue to perform with passion and energy well into their 70s. Discover how the spirit of rock and roll keeps these artists young at heart while they navigate their unique paths in retirement.
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Are federal employees working longer than they need to? Are they working for “free” and not realizing it? Katherine Groce and Sam Nash discuss the benefits federal workers need to understand when they are saving and planning for retirement. They also share a story regarding a husband that unknowingly left his wife unprotected when choosing between his pension options.
Katherine and Sam also discuss common pitfalls and concerns people have when they are making the transition into retirement.
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Ryan discusses the current low tax rates due to the Trump tax cuts and the impending expiration of these rates. He emphasizes the importance of considering Roth conversions as a strategy to mitigate future tax liabilities. The discussion also highlights the necessity of having a tax plan in place for retirement, drawing comparisons to how wealthy individuals manage their taxes effectively.
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Mike delves into the recent surge in Roth conversions, exploring the reasons behind this trend and the importance of tailored tax strategies. He emphasizes the need for effective tax planning, highlighting that it is not a one-time event but an ongoing process. The discussion also touches on the significance of understanding individual financial situations to make informed decisions about tax efficiency and wealth preservation.
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Ryan provides insights into preparing for a first appointment, the importance of understanding the financial planning process, and the mindset needed for retirement planning. He also shares the significance of having a plan for life when entering retirement.
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Mike discusses the implications of more interest rate cuts by the Fed, the impact of upcoming elections on economic stability, and strategies for investing amidst market volatility. He highlights the importance of understanding the broader economic landscape and making informed financial decisions, particularly in light of potential chaos surrounding the elections and the debt ceiling.
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Mike delves into the upcoming expiration of the Trump tax cuts and the implications for taxpayers, particularly regarding estate taxes and 401k contributions. He emphasizes the importance of proactive tax planning and the need for individuals to understand their financial situations to avoid significant tax burdens in the future.
Mike highlights strategies for maximizing retirement savings and the necessity of diversifying tax strategies to ensure financial security.
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Ryan focuses on the future of Social Security, the potential for significant cuts in benefits, and the importance of having a solid retirement plan. He also discusses the political implications surrounding Social Security and emphasizes the need for individuals to take proactive steps in their financial planning, including the use of annuities to secure income in retirement.
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Ryan & Lawrence discuss their journeys to becoming financial advisors, sharing personal stories and insights into the importance of financial planning. Lawrence reflects on his background and motivation to help others, while Ryan shares his unexpected path from marine biology to finance. They emphasize the significance of choosing an independent and fiduciary advisor for personalized financial guidance.
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Ryan discusses the often-overlooked fees associated with 401k plans and provides actionable strategies for lowering these costs. He emphasizes the importance of understanding the fees you are paying, reviewing your investment options, and seeking independent financial advice to ensure you are not overpaying for your retirement savings.
The conversation highlights the need for financial literacy and proactive management of retirement funds to maximize savings and investment returns.
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Mike and Ryan discuss the fundamentals of 401(k) plans, emphasizing their importance in retirement planning. They explain how these employer-sponsored retirement accounts work, the significance of employer matching contributions, and the necessity of understanding fees and investment options.
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A recent study found that 1 in 5 Americans over 65 are still working, not because they want to, but because they have to. Mike and Ryan emphasize the importance of having a comprehensive retirement plan that provides the freedom to choose whether to continue working or not. They discuss the lack of proper advice and guidance that leads to people running out of money and being forced to go back to work.
Mike and Ryan also highlight the need for a plan that ensures a steady income stream in retirement and the option to transfer the risk of running out of money to insurance companies. They challenge listeners to find an investment vehicle that guarantees never running out of money without involving insurance.
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Mike and Ryan highlight the benefits of tax planning, such as minimizing tax liabilities and maximizing personal wealth. They also explain the difference between a tax preparer and a tax planner, with the latter providing proactive advice and strategies to optimize tax outcomes.
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Mike discusses tax planning and retirement savings rules that have recently changed, including the elimination of required minimum distributions (RMDs) from Roth 401(k) plans and the reduction of penalties for missed RMDs.
The discussion also touches on the importance of tax planning and maximizing the benefits of 401(k)s and IRAs. The conversation concludes with a mention of catch-up contributions for high earners and alternative solutions for tax-savvy individuals.
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Ryan discusses how to navigate market volatility and protect your retirement savings. He emphasizes the importance of having a solid financial plan that includes income streams and protection against market downturns.
Ryan also explains the role of emotions in investing and how having a plan can help minimize emotional reactions. The conversation touches on the use of annuities for income generation and the importance of tax planning in retirement.
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Ryan discusses the timing of doing a Roth conversion and explores the options of doing one during a market downturn. He highlights the potential tax savings that can be achieved through strategic Roth conversions.
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Saving for retirement is important, but it's crucial to consider the tax implications of required minimum distributions (RMDs). Many people are unaware that they must take money out of their retirement accounts at a certain age, regardless of whether they need it or not. This can result in a significant tax burden.
Mike and Ryan discuss how financial advisors often neglect to discuss taxes with their clients, as their focus is on accumulating assets. However, proper tax planning can lead to substantial savings and a more tax-efficient inheritance for future generations. Taking advantage of Roth conversions and other tax strategies before the 2026 sunset provision is crucial.
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Ryan discusses the parts of a financial plan that need to have a mid-year checkup leading into retirement, including retirement contributions, asset allocations, tax loss harvesting, and estate planning.
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Mike discusses the frustrations with RMDs and fees associated with retirement accounts, and why tax planning is important when building a retirement plan. Mike highlights why in-depth tax planning is necessary to potentially achieve a 0% tax bracket in retirement.
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Mike dives into how required minimum distributions work and how they can possibly lead to higher tax brackets in retirement. He emphasizes the need to minimize taxes and create tax-efficient income streams.
Mike also touches on the challenges of managing RMDs and the penalties for not taking out the correct amount.
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Mike and Ryan discuss the DOW Jones recently breaking the 40,000 mark and the impact of market fluctuations on retirement planning. They emphasize the importance of tax planning and taking control of tax bills during retirement.
Mike and Ryan also cover strategies for minimizing tax liabilities and optimizing income from the sale of a business.
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Mike and Ryan delve into the implications that government spending can have on your taxes, and the potential shock that may come when taxes increase after the Trump tax cuts expire.
They also discuss the need for tax efficiency and the potential savings that could come from strategic financial planning in retirement.
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Ryan Herbet discusses the potential impact of healthcare and long-term care expenses on retirement savings and the transfer of wealth to future generations. He highlights the need for tax planning and what the tax implications may be of passing wealth down to children.
Ryan also explores alternative options for funding long-term care and the challenges associated with it.
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Retirees are getting anxious about the unrest in the world, upcoming elections, and out-of-control government spending. Warren Buffett advises against making investment choices based on short-term headlines and instead focuses on predicting what will happen in the next 10 years. The stock market is unpredictable and reacts to various factors, making it difficult to determine its direction.
In this episode, Mike and Ryan explain how both Republicans and Democrats have been poor stewards of money. It is important for retirees to have a solid retirement plan that includes income streams that they will never outlive.
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What are the tax consequences of working longer in retirement to gain more income?
In this episode, Ryan discusses the impact of taxes on retirement income and the importance of tax planning. Also, Ryan explains how Roth conversions can be a valuable strategy to save on taxes in retirement.
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Having a 401k does not automatically mean you have a substantial retirement fund. While a 401k is a tool to save money for retirement, it doesn't guarantee a successful income plan.
In this episode, Mike and Ryan explain why people may lack the necessary knowledge and guidance to make informed decisions about their 401k, and discuss the important things to look out for when developing a retirement plan.
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Tax planning is a crucial aspect of financial planning, as taxes may significantly impact retirement savings.
In this episode, Ryan Herbert tells us where Maryland stands compared to other states regarding tax rates. Learn about how where you live can affect your overall retirement plan and the importance of properly preparing a tax strategy.
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Diversifying tax buckets is important when minimizing tax implications. A plan that considers the lowest tax bracket today and throughout retirement is essential to understand when aiming for tax efficiency.
In this episode, Mike and Ryan break down how different investments such as annuities have varying tax implications, and why preserving and protecting wealth in retirement should be a goal when building out a plan.
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Taxes are unfair. That’s what Ron Swanson of “Parks and Rec” taught a young student by eating most of her lunch.
On this episode, Mike expresses the frustrations he has with lazy CPAs that are costing the taxpayer money they legally aren’t obligated to pay. Plus, hear about how proper tax planning may result in a lower tax bill and how those savings can be utilized in a financial plan.
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Market corrections have a bigger impact on your 401k than you may think. That impact is more significant when you're planning for retirement.
On this episode, Ryan Herbert discusses the importance of positioning yourself properly to make your life savings last regardless of a stock market crash.
Plus, pensions used to be the consistent source of income that retirees relied on. Now it's the 401k. But 90% of Americans are worried that their 401k won't provide a reliable stream of income. Ryan and Lawrence Kiely suggest how annuities and other strategies could be utilized in a retirement plan.
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How much can you withdraw from your retirement and make it last? Ryan Herbert and Lawrence Kiely discuss recent reports from talking heads saying rates range from 4% to 8% annually and why that might not be right for you. They also talk about the age-old question of how much you need for retirement and if there is a set number,
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What are the advantages to Roth conversions and when is the right time to begin? Ryan Herbert discusses how to take advantage of taxes when moving money in your retirement accounts. He also talks about how to create a personal pension and ways to retire as a federal employee.
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The tax laws continue to shift and can create a problem when it comes time to file, but what can you do today to get ahead of the issue? Mike Canet and Lawrence Kiely discuss the proper way to implement a tax plan for your financial future. They also talk about how much money you need to save to cover medical expenses in retirement and why that number keeps going up.
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They are calling it "Peak 65" but what does that mean? Mike Canet and Lawrence Kiely discuss the recent influx in retirees leaving the workforce. They also talk about the tax options that become available to you when you sell off real estate before or during retirement.
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Will retirement cause you to go up into a higher tax bracket? Ryan Herbert and Lawrence Kiely discuss the tax options that are available to you when you are going into and through retirement. They also talk about the impact of a Presidential Election on your financial future.
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Are you delaying your retirement? Did you know that you could be losing money because you're continuing to work? Ryan Herbert discusses the importance of retiring at the right time and how to evaluate your situation to know when to begin transitioning into retirement.
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Getting you to retirement is different than getting you through retirement. How does the role of your financial advisor change when you decide to stop working? Ryan Herbert discusses why you should shift your financial focus and the importance of a retirement plan. He also talks about Tiger Woods recent decision to leave Nike Golf and ways to keep Uncle Sam out of your wallet.
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Media Mogul and Billionaire Tyler Perry shares his vision for retirement, and whether you're a federal employee or not, you might be surprised to know how similar his goals are to yours. Ryan Herbert explains the importance of having a complete financial plan and the relationship you and your family should have with the person managing your money.
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Are you a Federal Government employee thinking about retiring in 2024? Mike Canet and Ryan Herbert breakdown the tools available to you and the ways you can reach your financial goals in the next calendar year.
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Have you begun planning your child's financial future yet? Do you even know what options are available to you? Mike Canet breaks down some of the best ways to get started and explains how each option works. He also discusses the difference between a 529 plan and a Roth and the new tax brackets you will see in 2024!
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This holiday special is a compilation of Mike Canet's celebrity interviews which includes Jason Aldean, Tom Glavine, Warren Moon, Andrea Bocelli, Marshal Faulk, Bill Murray and more! They discuss Mike's favorite topic, their favorite meal from mom.
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Former NFL Quarterback Tom Brady says he is struggling to adjust in retirement, but is it really that difficult? Mike Canet talks about the phase of transitioning from the workforce and gives tips on how to create a successful retirement plan for your life goals. He also discusses what you should be doing with dead money and why paying less taxes in retirement is a false statement.
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What is "Fun-flation" and how can you make it a part of your retirement? Ryan Herbert discusses the importance of building experiences into your retirement plan that won't affect your overall plan. He also talks about the importance of tax planning for the future and what you should be doing with your 401(K) in today's market.
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Learn more about the team at Prostatis Financial Advisors Group on their website or on social: Facebook, LinkedIn, Twitter and their NEW YouTube channel and video podcast.
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How have annuities changed for retirees? Mike Canet discusses one of the most important aspects of a financial plan in retirement and that is having the right tool for the right job. He breaks down how annuities have evolved over the years. He also thanks everyone who has been a part of the Prostatis team as they celebrate 20-years of service in the community.
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How can a war affect your retirement and the market? Ryan Herbert discusses current geopolitical events and talks about how they could affect your portfolio. He also talks about the difference of a partial retirement and staying busy in retirement.
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WCBM host Bruce Elliott sits down with Mike Canet to discuss the future of retirement. They talk about the current tax rates and what changes are coming, how the outcome of the 2024 election could affect you financially, and the rising interest rates of the housing market.
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What can you do with your 401(K) now that you couldn't a decade ago? Ryan Herbert breaks down what changes you can make for retirement and how to do so in the most tax efficient manner possible. He also discusses famous magician David Copperfield and the option of continuing to work in retirement.
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Ryan Herbert discusses how much money you need when you stop working. He also talks about figuring out what you want to do in retirement and how you're going to afford it, because after all, we'd all love, "The Jimmy Buffet" retirement plan.
Find us now on YouTube! Subscribe to be notified of Shorts, our Video Podcast and more insights from the team at Prostatis Financial Advisors Group! Visit us online today and let's get the conversation started.
It's not always easy to talk to a family member about retirement, but what are the most important topics to discuss? Mike Canet and Ryan Herbert break these down to help start the process. They also talk about the Tax cuts and Jobs Act, a.k.a. the Trump Tax cuts, which will be sunsetting in 2025. What actions should you be making right now?
How do wealthy people stay wealthy? Mike Canet and Ryan Herbert discuss the 4-step method that most wealthy individuals use to maintain their wealth. They also discuss how to reduce your taxes in retirement and Jay Leno talks about the financial plan he created years ago to set himself up for the future.
Will you outlive your life savings in retirement? Mike Canet discusses one of the greatest fears most retirees have, do I have enough money? He talks about the best ways to structure a your portfolio and how to withdraw your money in the most tax efficient manner possible.
Risk, taxes, and fees…which one is growing in your 401(k)? Is it all three? Do you know how can you get rid the problem? Mike Canet and Ryan Herbert discuss the tools you need to be using today to find out what is in your portfolio so you can avoid disaster.
When is the right time to access your 401(k)? Mike Canet and Ryan Herbert breakdown some of the most common mistakes people make when tapping into the 401(k). They also discuss how to sell a business in the most tax efficient manner possible, as well as what steps you should take before the sale.
A new survey shows that more than half of stay-at-home moms don’t have a retirement strategy. Are you creating a plan or leaving it in the hands of your spouse? Katherine Groce breaks down what she most commonly see's when a women steps into her office looking to discuss their financial future. She also discusses the different thought processes between men and women when it comes to retirement.
The MLB All-Star break is underway, we look at how teams are doing as they head towards the second half of the season, but when should you stop and look at your portfolio to make sure it’s heading in the right direction for a successful retirement? Ryan Herbert suggests the best time of the year to run an x-ray on your 401(k) and when should you start converting your funds into a Roth IRA.
You've received your last paycheck, so what now? Ryan Herbert discusses the transition from being in the workforce to finally saying you've retired. He also talks about working towards the freedom to retire on your own terms and how you should use your financial advisor as a tool for your portfolio.
What is financial independence? Mike Canet celebrates the 4th of July by sharing tips and stories about some of his clients who have achieved financial independence in retirement. He also discusses what you should be doing right now to make sure you're not being over taxed.
What do you need a financial advisor for? Mike Canet discusses the five reasons to hire an advisor and shares stories about how he’s been able to help his clients save on taxes. He also talks about how to utilize a deferred sales trust, where you should keep your money from a tax standpoint, and how to achieve the retirement you deserve.
How much money do you need to retire? Is there a magic number? Ryan Herbert discusses how to set up a budget to show you if you’re on track. He also talks about the financial tips he received from his father and what role artificial intelligence plays in the Prostatis office.
Do you have enough money to retire? Ryan Herbert breaks down the 5 most common mistakes made when it comes to finances in retirement. He also talks about the role both spouses should play when creating a plan and what to do if you outlive your significant other.
Is there a successfully proven system when it comes to playing the market? Can you plan your retirement solely off stocks? Mike Canet discusses ways to look at investing for the future and how to avoid the vicious cycle of paying unnecessary taxes in retirement.
What questions do you need to ask a financial advisor before giving them your life savings? Mike Canet breaks down what you need to know as a consumer to separate an average financial firm from a run of the mill box shop. He also discusses a new statistic regarding investing and your horoscope.
A new study shows that over 50% of stay-at-home moms don't have a retirement strategy. Ryan Herbert discusses how you can build a plan as a couple to take care of one another in the occasion that one person passes away. He also talks about a professional golfer who had to give up over half of his winnings, thanks to taxes. Are you living in the most tax efficient manner possible?
What is the first thing you should do when creating a retirement plan? Ryan Herbert discusses why creating an income plan that includes taxes is crucial to a successful retirement. He also talks about the significance as to why 59-and-a-half is such an important age and an NFL Quarterback shares some tips on how to save.
What is a deferred sales trust and how can you utilize one to reduce your taxes? Mike Canet and Ryan Herbert break down how you can properly set yourself up if you are a small business owner or preparing for the sale of a large amount of real estate.
Can a structured note provide a solution to your retirement portfolio? Mike Canet and Ryan Herbert discuss protecting your money as a new report states that 70% of people making 6-figures or more are stressed about their finances. They also talk about figuring out what your retirement income gap is and how you can use an annuity to your advantage.
How much money should you be paying the government each year when you file your taxes? Mike Canet explains why a tax refund is not a good thing. He also discusses what you should be doing right now if you are filing an extension, how to take advantage of Roth IRA rules, and a former TV star talks about how an annuity changed his retirement plan.
How much of your portfolio are you willing to lose? Mike Canet discusses the roller coaster of the stock market and the affects it can have on your retirement plan. He also talks about the saying, "don't worry the stock market always comes back," but is that true?
Mike Canet is joined with Bill Murray and the Murray Brothers to discuss tips for cooking bacon, the best drink Bill's ever had, and much more. He also discusses the rules for the patrons of Augusta National Golf Club for this weekend's Masters tournament and compares them to obsolete items in a retirement plan.
Are you paying more than you should when it comes to taxes? Mike Canet discusses what is the right age to start tax planning for the future. He also shares his "3 bad day rule" and which bucket should be the first one you withdraw money from in retirement.
How safe is your safe money? Mike Canet breaks down the recent SVB bank collapse and discusses why it’s important to remove risk from your portfolio. He also discusses how to create safe retirement buckets with your spouse and the advantages of working with a team that’s all under one roof.
The recent collapse of the Silicon Valley Bank has people asking how safe is my money? Mike Canet and Ryan Herbert discuss what caused the situation at SVB and why it's important to create protection in your portfolio. They also talk about how you can assess your current financial situation to see if you are susceptible to risk in the market.
Imagine everything you would have seen and experienced if you turned 100-years-old. Today we celebrate Laverne reaching the century milestone in life. Hear the stories and changes she's seen first hand. Happy Birthday Laverne!
Do you know the difference between a CPA and a tax attorney? Mike Canet and Ryan Herbert explain why it's important to restructure your tax buckets for the future. They also talk about a stat that says 90% of financial advisors don't last longer than 3 years in the industry and a famous actor is going back to work so he can build up his inheritance for his kids.
Which retirement savings account should you pull from first to prevent paying the most taxes? Mike Canet also discusses turning what you think a retirement should look like into a reality and Slyvester Stallone plans for staying active.
Do you allow emotions to get in the way of your day-to-day decisions? Mike Canet explains the importance of eliminating emotion from a retirement plan and the benefits of working with your spouse to have it all in writing!
How much money do you need to retire and is your 401(k) setup properly? Ryan Herbert discusses the importance of protection rotation and why it helps to involve your spouse when creating a retirement plan. He also talks about Tom Brady deciding to retire and shares some Valentine's day traditions.
Who will end up gaining control of the estate built by the king? Mike Canet breaks down the problems that are created by not having a properly planned will and discusses the process of how to create one. Who will take over Lisa Marie Presely's estate? Hear what Mike has to say.
Are you tired of paying a majority of taxes? Mike Canet and Ryan Herbert discuss why people over 50-years-old are paying 59% of federal income taxes. They also discuss how to get into the lowest tax bracket legally possible and Ryan shares a story about a client who sold their company without a tax plan.
What roll can an annuity play in your retirement? Ryan Herbert discusses when you will spend the most in your glory years, as well as, taking a Roth conversion analysis to see how it could change your standard of living in retirement.
Join the Prostatis Financial Team as they raise money for the Special Olympics Maryland at this years Maryland Plunge! They will match your donations up to $1750. For more information on the event or to donate, please follow the links below:
The Prostatis Financial Fundraiser link: https://support.somd.org/team/471784
Information on the Maryland Plunge: https://plungemd.com/
Do you hate staying up late? Ryan Herbert breaks down a list of things you are supposed to enjoy less in retirement. He also discusses maxing out your IRA from last year and why it's so important to create a tax plan in retirement.
What does the secure act 2.0 mean from a tax standpoint? Ryan Herbert discuss this and RMD's getting pushed back, as well as the highest grossing concert tours of 2022 and investment advice from a former NBA star.
Ryan Herbert discusses the changes you can make now to your tax plan that can affect your future. He also talks about forced retirements and putting yourself in a situation to go back to work on your own terms.
Do you let your emotions get in the way of making a financial decision? Mike Canet and Ryan Herbert discuss what you can do now to make an impact on your taxes next year, creating an estate plan for your spouse and should you be tax loss harvesting?
This holiday special is a compilation of Mike Canet's celebrity interviews which includes Jason Aldean, Tom Glavine, Warren Moon, Andrea Bocelli, Marshal Faulk, Bill Murray and more! They discuss Mike's favorite topic, their favorite meal from mom.
Mike Canet sits down with 3-time entertainer of the year and country music star Jason Aldean! They discuss how he became a restaurant owner, his favorite Sunday meal as a kid, and with all his success, how Jason is able to keep his kids grounded.
Are you protecting your 401(k)? Do you even know what is inside of it? Ryan Herbert discusses how much time it would take for you to find out and then create a strategy to save money on taxes in your account. He also talks about when will we officially be in a recession and what you can do now to protect your financial future.
How much money should you be taking out of your retirement account in this economy? Mike Canet and Ryan Herbert discuss how much money you need to maintain your lifestyle in retirement and if you should be withdrawing money from your 401(k) to pay for damage from hurricane Ian.
Mike Canet and Bruce Elliot from The Morning Drive with Casey & Elliot on 680 WCBM discuss limiting losses during a volatile market and getting to a place where you feel more comfortable.
Mike Canet and Bruce Elliot from The Morning Drive with Casey & Elliot on 680 WCBM discuss tax strategies we should be taking advantage of now!
Mike Canet and Ryan Herbert discuss the importance of checking your portfolio to see if you have mutual funds, because you may be sitting on a tax time bomb. They also talk about renewing CD's and financial vehicles that allow you to access your money when you need it.
Ryan Herbert discusses minimizing future tax hits as student loan debt gets cancelled. He also talks about investing like a woman to survive a bear market and why having a second look at your portfolio could avoid a future problem.
Mike Canet and Bruce Elliot from The Morning Drive with Casey & Elliot on 680 WCBM discuss why it might be time to think about improving your tax position for the year and what steps you can take to lower your tax obligations in retirement.
Mike Canet sits down with Pro Football Hall of Famer and former Baltimore Ravens linebacker Ray Lewis to discuss the importance of giving back to the community and being in the second half of his career.
Mike Canet and Bruce Elliot from The Morning Drive with Casey & Elliot on 680 WCBM talk about how people are handling their 401(k)s right now. Fidelity looked at their 401(K) investors and found only 5% made moves this year. At Vanguard, it was less, at just above 4%. At Schwab, it was only 2%. So again, we see that even in a market that lost 25% or more, the tendency is to do nothing. What should we be doing?
Mike Canet and Bruce Elliot from The Morning Drive with Casey & Elliot on 680 WCBM talk about how people need more guaranteed income in retirement because bonds aren’t getting it done. What are some alternative strategies?
Mike Canet and Bruce Elliot from The Morning Drive with Casey & Elliot on 680 WCBM talk about how people need more guaranteed income in retirement because bonds aren’t getting it done. What are some alternative strategies?
Mike Canet and Ryan Herbert welcome on former NBA player Matt Barnes and NFL quarterback Warren Moon to discuss the importance of creating a financial plan. they also talk about going from rich to broke, when to start seeking advice, target date funds, and giving back to the community.
Mike Canet and Bruce Elliot from The Morning Drive with Casey & Elliot on 680 WCBM discuss the latest inflation rate and what the team at Prostatis Financial are doing to help their clients through this time.
Ryan Herbert discusses if converting an IRA to a ROTH will help with future taxes. He also talks about how your income can and Medicare premiums can affect be affected by taxes and the hidden fee's in your retirement plan.
Ryan Herbert discusses the most common issues people have when creating income in retirement. He also talks about making adjustments in your portfolio to avoid a tax time bomb and finding out how much money you will need to live when you are no longer working.
Mike Canet and Bruce Elliot from The Morning Drive with Casey & Elliot on 680 WCBM discuss whether we should be in value stocks or growth stocks during this volatile time.
Katherine Groce discusses what is the number one thing to pay attention to when it comes to retirement. She also talks about how the Secure Act could change your RMD's, the difference between tax preparation and tax planning, as well as a story about a multimillion dollar trust fund...for a dog?
Ryan Herbert discusses the importance of reviewing your retirement during a bear market to create a successful plan to withstand the market. He also talks about why your should get a portfolio review and the way to create a proper estate plan.
Mike Canet and Ryan Herbert discuss what you can do to protect your portfolio from a recession. They also talk about creating a tax plan now for the sale of assets later and one client who had to learn the hard way about converting his 401(k).
Mike Canet and Bruce Elliot from The Morning Drive with Casey & Elliot on 680 WCBM discuss what people should be doing right now instead of waiting to see what happens with the market.
Ryan Herbert discusses what questions people are asking right now about the market. He also talks about the importance of a custom retirement plan and the future for a big name NFL star who is hanging up his cleats...but is it for good?
Ryan Herbert discusses if an annuity is right for you. He also talks about being afraid to look at your portfolio and how much you should be paying in taxes.
Social Security is expected to last a year longer, but what does former VP Mike Pence think? Mike Canet and Ryan Herbert respond to Pence's comments on the future of Social Security.
Ryan Herbert and Katherine Groce discuss what conversation you should be having with your advisor right now. They also talk about if your money is truly safe from inflation and are you losing money if you buy bonds.
Mike Canet and Bruce Elliot from The Morning Drive with Casey & Elliot on 680 WCBM discuss how we can plan for a longer retirement and what to expect the first time you meet with a financial advisor.
Mike Canet and Ryan Herbert discuss the importance of both spouses being in on the talks when it comes to finances.
Mike Canet and Bruce Elliot from The Morning Drive with Casey & Elliot on 680 WCBM discuss why Roth IRAs might be a little more attractive right now and whether you should consider one.
Ryan Herbert discusses how you should approach income in retirement. He also talks about what taxes could look like in your future portfolio and the importance of having an up-to-date estate plan.
Mike Canet and Bruce Elliot from The Morning Drive with Casey & Elliot on 680 WCBM break down if we should be worried about market volatility and why 60/40 doesn't necessarily work.
On this week's podcast Katherine Groce discusses the options you have now to lighten your future tax load. She also talks about protecting your life savings, the current state of the market, and how do you know if you can retire today.
Mike Canet and Bruce Elliot from The Morning Drive with Casey & Elliot on 680 WCBM break down why retirement should still be possible even with market volatility.
Mike Canet discusses his recent interview and time spent with the infamous Bill Murray. They talk about what your retirement should look like, when to start creating a plan and how you can start your own pension.
Mike Canet and Bruce Elliot from The Morning Drive with Casey & Elliot on 680 WCBM clarify how you're going to be taxed in retirement and what tactics you can take now.
Ryan Herbert discusses the options you have when trying to limit your tax bill. He also talks about ways to find out if you're over exposed in the market and calculating your retirement income gap.
Mike Canet and Bruce Elliot from The Morning Drive with Casey & Elliot on 680 WCBM discuss why tax planning is imperative in retirement and how it could affect you.
Mike Canet and Ryan Herbert discuss rethinking your retirement and having to go back into the workforce. They also talk about building inflation into your retirement plan and the importance of taking advantage of taxes now.
Mike Canet and Bruce Elliot from The Morning Drive with Casey & Elliot on 680 WCBM discuss whether a Roth is the right choice for everyone or why it might not be .
How much exposure should you have in the stock market right now? How will new laws change the way you retire? Find out the answers to these questions and much more on this week's podcast with Mike Canet.
Mike Canet and Ryan Herbert discuss the importance of building a long term tax strategy. They also talk about benefits to converting your money from your 401(k) and how shrinkflation can affect your day-to-day life.
Mike Canet and Ryan Herbert discuss tax season scams. They also talk about the pro's and con's of having a robo advisor vs. a real person, things that can hurt your portfolio, and creating the ability to know your retirement is secure.
Mike Canet and Bruce Elliot from The Morning Drive with Casey & Elliot on 680 WCBM discuss what the most common retirement planning mistake is and where someone should start so they don't make a costly mistake
Ryan Herbert discusses games and paying taxes. He also talks about the importance of building a tax plan and how it can benefit you, as well as Tom Brady deciding to come out of retirement.
Mike Canet and Katherine Groce discuss being forced to go back to work while already in retirement. They also talk about converting to an IRA and preparing yourself to manage your portfolio against inflation.
Ryan Herbert and Katherine Groce discuss having protection against inflation. They also talk about skyrocketing gas prices and the consequences of doing your taxes while distracted.
Ryan Herbert and Katherine Groce discuss the importance of creating a tax plan today. They also talk about which direction interest rates are heading and what you should be doing with your 401(k).
Mike Canet had the chance to talk with Jamie Foxx, Cedric the Entertainer, Dave Roberts, and Byron Scott!
Mike Canet and Ryan Herbert discuss the difference between having your taxes done by a big box shop and a local tax planning professional. They also talk about wacky laws when it comes to seeing the future and when will inflation come down?
Mike Canet and Ryan Herbert discuss how much money you should be putting into your 401(k) and IRA. They also talk about future tax rates and strange write-off requests.
Ryan Herbert and Katherine Groce discuss the importance of having an income plan. They also discuss why you should be thinking about future tax laws now and common mistakes made in retirement plans.
Ryan Herbert talks about the importance of creating a tax strategy now. He also discusses the anniversary of income tax, Roth conversions, and maximizing your tax efficiency.
Ryan Herbert discusses this year's tax season. He also talks about how you can prepare yourself today, if you should convert your 401(k) to a Roth, and how to approach market volatility.
Ryan Herbert discusses the advantages of going to a one-stop-shop when it comes to your finances. He also talks about making sure you don't miss out on tax breaks and what one famous TV hosts' plans are in retirement.
Mike Canet and Ryan Herbert discuss removing uncertainty from your portfolio. They also talk about if required minimum distributions (RMD's) will become a thing of the past and steps you can take today to reach your retirement goals.
Ryan Herbert and Kathrine Groce discuss maintaining your purchasing power while inflation is on the rise. They also talk about getting ready for tax season, the benefits of working with a one-stop-shop, and are you buying what's best for you?
Ryan Herbert discusses how inflation may affect your future. He also talks about losing purchasing power, why you should seek the help of a financial advisor, and how taxes could affect the RMD's in your inheritance plan.
Ryan Herbert talks about how Prostatis helps clients build income plans for retirement that account for the recent rise in inflation. Plus, why planning for higher taxes in the future is more important than ever.
Mike Canet sits down with Italian Opera star Andrea Bocelli. They discuss how he keeps his children grounded, his favorite performance, who he wishes he could have performed with, and much more!
Mike Canet and Ryan Herbert talk about creating a plan to accommodate inflationary pressures. They also discuss knowing how your money is going to be taxed in retirement as well as which tax bracket you will be living in.
Ryan Herbert and Katherine Groce talk about the risks involved in investing in cryptocurrency. They also talk about why we have less purchasing power now.
Ryan Herbert addresses a recent survey that reported the top five fears of retirees and how Prostatis helps their clients avoid those fears. Plus, David Lee Roth is calling it a career. What can we learn from the Van Halen frontman about retirement?
Mike Canet and special guest Katherine Groce discuss the benefits of the Roth IRA and why some investors haven't taken advantage of these kinds of retirement accounts. Plus, questions to ask yourself as you approach retirement and find out which celebrity is celebrating his 90th year on Earth by going to outer space!
Ryan Herbert describes how Prostatis Financial Group helps their clients develop plans for retirement so they can maintain their lifestyle when they decide to call it a career. Plus, some of the potential tax changes that President Biden is calling for.
On the 100th episode of the Savvy Investor Podcast, Mike Canet and Ryan Herbert discuss the possibility of tax increases in the future, and they address a tax that catches many people off guard - a tax on your Social Security benefits. Plus, Bill Murray's favorite piece of financial advice!
For his 99th podcast episode, Mike Canet sat down one-on-one with NFL legend Warren Sapp to discuss his career and what he's been doing since retiring.
Mike Canet and Ryan Herbert discuss the timing of an individual's retirement decision. What time of year is best to retire? Plus, former NFL running back Fred Taylor shares a cautionary tale about choosing the right financial professional.
Mike Canet and Ryan Herbert discuss how middle class millionaires can maintain their standard of living through their retirement years by advance planning. Plus, what to do "dead money" in your portfolio.
Ryan Herbert addresses the concerns about inflation while living on a fixed income. Ryan shares some of his experiences helping clients develop tax plans that allow for you to create an income stream that will allow you to achieve your goals in retirement.
Ryan Herbert discusses why inflation is the current hot topic in finance news and what you can do to prepare for higher prices. Plus, things couples should consider about their financial approach.
As we reach the halfway point through 2021, Mike Canet and Ryan Herbert describe what you should look for in a financial checkup. Plus, how to get the most out of your 401(k).
Ryan Herbert talks about how to create long lasting income in retirement. Plus, is a 401(k) the best place to keep your money?
Ryan Herbert reacts to the news that Joe Biden is seeking to make the coming tax changes retroactive for 2021. Plus, is there a place for cryptocurrency in a retiree's portfolio?
Mike Canet discusses how to create a tax plan to pay the government the least amount of taxes legally possible in your retirement years. Plus, the benefits of gifting an inheritance to your children early.
Mike Canet recently had the opportunity to sit down with former NFL running back and Heisman Trophy winner, Eddie George. Find out about Eddie's early life and what motivated him to achieve his status as a Pro Bowler, his time on Broadway, and what he's up to now on this week's Savvy Investor Podcast.
Mike Canet welcomes the Murray Brothers featuring Bill Murray for a hilarious interview covering topics such as cooking bacon naked, raising children and working in the rudest restaurant in America.
Mike Canet sits down for an exclusive interview with Home Improvement stars Tim Allen and Richard Carn.
Ryan Herbert discusses how Prostatis helps clients grow, keep and distribute their wealth in the most tax efficient manner possible. Plus, Ryan shares a personal story about his father's journey in retirement.
Mike Canet and Ryan Herbert discuss how to avoid big tax mistakes and how to build an income stream that will replace your paycheck when you retire.
Ryan Herbert discusses the myth of the "magic number" in retirement and how to generate dependable income with your savings.
Ryan Herbert reacts to the proposed Financial Transaction Tax, a new tax that would have a drastic impact on retirement accounts. Plus, with tax rates likely to increase in the future, he explains why you might consider a Roth conversion now.
Ryan Herbert shares some solutions to help you become as tax efficient as possible in retirement. Find out what a Backdoor Roth Conversion is and if it could be a good fit for your situation. Plus, some of the other strategies the staff at Prostatis use to help their clients reduce their tax burden.
Ryan Herbert reacts to an investing strategist who is predicting a 5-10% correction in the coming months. What can you do to avoid taking a loss?
Ryan Herbert discusses strategies on how you can take advantage of historically low tax rates now before they go up. Avoid overpaying on your taxes in retirement by working with the team at Prostatis Financial. Plus, Ryan covers the importance of both spouses being present for financial decisions.
Mike Canet and Ryan Herbert discuss the recent volatility in the market. How much do you think you can risk getting involved? Plus, does congress have your retirement in their crosshairs?
Ryan Herbert shares his thoughts on a volatile week in the market and cautions listeners against trying to predict what the market will do next. Plus, he discusses having a plan to protect your portfolio from the rollercoaster ride of Wall Street.
Mike Canet and Ryan Herbert discuss ways to minimize your tax burden by taking advantage of current tax rates. Plus, which birthdays are important milestones for financial responsibilities?
Ryan Herbert explains how to avoid the most common mistakes made by savers as they near their retirement years. Plus, how to avoid paying more on your taxes than necessary.
Mike Canet explains how building a successful retirement plan is similar to preparing a Five Star Meal.
Mike Canet and Ryan Herbert discuss the importance of planning for income in retirement. Make building a plan for retirement one of your New Year's resolutions for 2021.
Mike Canet and Ryan Herbert explain the importance of planning in advance for your Required Minimum Distributions.
Ryan Herbert explains why projections for the stock market in the future are inconsistent. Currently, the outlook for the market in 2021 looks great, but could something go wrong? Do you have a plan for a rainy day?
If you are planning to shut down the email, turn off the computer and flip the sign to closed, Mike Canet has the steps to help make sure you are ready and fully prepared to retire.
According to a recent survey, 60% of Americans fear that no matter who is sworn into office in January, it will hurt their personal finances and tax rates will go up. Plus, who has the tougher retirement? You or your parents? Ryan Herbert has the answers on this week's Savvy Investor Podcast.
Mike Canet and Ryan Herbert discuss the various ways they are helping people plan for 2021 and beyond with their retirement savings. There's also new legislation proposed that will affect how your retirement savings are taxed. How will it affect your personal situation?
Mike Canet and Ryan Herbert both join the show this week to discuss the importance of long-term tax planning for the future and the number one fear for most retirees - Running out of money.
Ryan Herbert shares some of important information about how to effectively plan for the future taxes to save as much money as possible. Plus, what lessons can we learn from Black Monday?
Mike Canet and Ryan Herbert discuss how important it is to make sure you have a plan for the future of your retirement savings before the election in November. Whether the volatility of the market makes you nervous, or the potential of higher taxes makes you cringe, Mike and Ryan can help develop a custom solution for you to be as tax efficient as possible!
Mike Canet and Ryan Herbert discuss a new proposed tax law in New Jersey. It's aimed at Wall Street, but Mike and Ryan tell us why those of us on Main Street will be the ones who feel the pinch.
Ryan Herbert talks tax planning and how the Savvy Investor team helps their clients reach peak tax efficiency for their retirement savings. We also hear from best selling author, Patrick Kelly, and learn how we can apply a classic winning football strategy to our portfolios!
2020 has been a unique challenge for us all, but what is different this year for those who are retiring? Many people have been forced into an early retirement. Mike Canet and Ryan Herbert describe how they have continued to assist people with retirement plans that include risk management and tax efficiency. Plus, a special update about Mike's new book, Nothing is Certain but Death and Taxes... Until Now!
The boys are back in town! Mike Canet and Ryan Herbert return to the show this week to discuss Mike's new book, Nothing is Certain but Death and Taxes... Until Now! Mike and Ryan also discuss a radical new proposed tax law in California, and how they help their clients develop complete retirement plans that include an income quote for their retirement years.
Mike Canet and Ryan Herbert are both back in the studio to discuss one of the craziest tax stories in a long time. California has announced plans to tax residents who leave the state for up to ten years after they leave. Could this be coming to your state? Mike and Ryan discuss the implications of this decision and how you can become more tax efficient in your own finances by starting now. Mike also talks about his brand new book, Nothing is Certain but Death and Taxes... Until Now, on this week's Savvy Investor Podcast!
Ryan Herbert talks about the recent confusing activity in the market. Our retirement accounts continue to recover from the March losses, but many American businesses are continuing to struggle. Ryan describes how he uses the Portfolio X-Ray to help his clients understand their level of risk and develop strategies to minimize their risk while still capturing some of the upside of the market.
Mike Canet returns to the Savvy Investor Podcast to talk about his new book, Nothing is Certain but Death and Taxes... Until Now, and offer solutions to help people become as tax efficient as possible before retiring. Find out how you can minimize your tax burden and maximize your savings on this week's Savvy Investor Podcast!
Ryan Herbert describes Prostatis Financial's latest offer - an Income Quote. He explains how it can help you understand how much of a paycheck you can expect to generate in retirement. Ryan also outlines the Portfolio X-Ray and the power of Roth conversions on this week's Savvy Investor Podcast!
Ryan Herbert talks about how the team at Prostatis help their clients save money on future taxes and the importance of having an income plan that keeps delivering you a paycheck after you retire.
The continuing economic struggles have some people concerned about their pensions. Ryan Herbert explains what it all means and what people should consider if they're offered a buyout. Plus, a throwback interview with Mike Canet and the Doobie Brothers on this week's Savvy Investor Podcast!
It's hard to believe we're halfway through 2020! Ryan Herbert goes into detail about how the team at Prostatis Financial Advisors Group approaches mid-year reviews and what is included in their Portfolio X-Ray. Find out how to determine and understand your appropriate level of risk on this week's Savvy Investor Podcast!
Ryan Herbert hosts the show this week and reviews some of the most common mistakes he sees people make with their retirement savings. He also explains the importance of tax planning for the future and why now, more than ever, could be a great opportunity for developing that plan to reach maximum tax efficiency.
Ryan Herbert explains how the team at Prostatis Financial develops lifetime income, so you can never outlive your money. People are living longer than ever now, so there is a real need to plan for 20, 30, maybe even 40 years in retirement! Ryan also discusses some of the commonly held retirement beliefs that are now outdated. Find out how today's retirees should prepare on this week's Savvy Investor Podcast!
Mike Canet and Ryan Herbert discuss Mike's best-selling book, Surviving the Perfect Storm. They break down the disconnect between the market and the economy and talk about how they help their clients remove uncertainty from their portfolio's. Find out how you can receive a copy of Surviving the Perfect Storm on this week's Savvy Investor Podcast!
Mike Canet and Ryan Herbert explain why Roth conversions are 76% more popular right now than they were this time last year and the benefits of long term tax planning. They also discuss why the market volatility will continue, and how you can prepare for another downturn.
Mike Canet and Ryan Herbert talks bout returning to the office and how they're continuing to help develop retirement plans. They also discuss the biggest concern in retirement - making sure you don't run out of money. Find out about the Portfolio X-Ray on this week's Savvy Investor Podcast!
This week, Mike Canet talks about how he helps people develop plans for retirement so they can focus on the things that really matter in their golden years. Find out how to keep things simple so you can enjoy more time with your family on this week's Savvy Investor podcast!
Ryan Herbert returns to the show this week and shares how he has been helping clients by stress testing their portfolios and exposing weak points before they reach retirement.
Mike Canet offers his thoughts on the increasing number of companies offering early retirement buyouts. Is that something you should consider? Plus, Mike talks about why we may never see tax rates this low again.
Mike Canet talks about the importance of having an income stream that doesn't rely on the success of the stock market. The last thing anyone wants in retirement is a lifestyle change due to a market correction. Learn how to be prepared on this week's Savvy Investor Podcast!
Ryan Herbert joins the show this week to discuss the importance of understanding your current financial position. He also talks about how he and Prostatis Financial have been able to continue to help people develop retirement plans over the last few months.
Ryan Herbert returns to bring his thoughts on the two big jobs that you have as you approach retirement - protecting what you've already saved and rebuilding your retirement wealth. Learn how Prostatis Financial is continuing to help their clients reach their goals on this week's Savvy Investor podcast.
We are at the mercy of the government as to when we can get back to work at our jobs, but there are steps you can take to get back to work on your retirement plan. Mike Canet talks about some of the ways he is continuing to help design retirement plans during this lockdown. He also gives his thoughts on future tax rates and how to maintain tax efficiency.
Mike Canet talks about his market outlook and how he is continuing to help clients prepare for retirement by helping rebuild and protect their life savings during the COVID-19 crisis. Also, is now really the best time in history for a Roth conversion? Find out if that move could be right for you on this week's The Savvy Investor Podcast.
Mike Canet discusses some unique opportunities available to retirees and those approaching retirement during this economic downturn. Is now the time to take advantage of low tax rates? Find out on this week's Savvy Investor Podcast!
Are pensions in trouble? What does the $2 Trillion stimulus bill mean for future taxes? Find out on this week's The Savvy Investor podcast.
Is the recent volatility the new normal for the market? Mike Canet discusses the huge losses recently and what Prostatis is doing for their clients during this difficult time. From virtual appointments to webinars to finding the silver lining, there's something important for everyone to hear in this week's episode of The Savvy Investor.
This week, Mike Canet explains the market downturn and the end of the 11 year Bull Market. Beyond Coronavirus, what are the underlying issues that also led to the big sell-offs this week?
This week, Ryan Herbert talks about the busy tax season and the difference between tax preparation and tax planning for retirement. He also discusses the recent market volatility and what savers should be focused on right now.
Mike Canet describes the importance of working with a team that understands all the aspects of tax planning for retirement. He also talks about the impact of the recent SECURE Act changes that went into effect at the beginning of 2020.
Marketwatch says we are way overdue for a bear market. Mike Canet and Ryan Herbert discuss how to prepare for a market correction. Mike also talks about his recent interview with NFL Hall of Famer, Jonathan Ogden.
In this bonus interview, Mike Canet sits down with NFL Legend, Jonathan Ogden. During his career, Ogden was selected for the Pro Bowl eleven times, won Super Bowl XXXV with the 2001 Ravens, and was inducted into the NFL Hall of Fame in 2013.
Mike and Ryan talk about the big shift in attitude towards money as people approach their retirement years. The guys also hear from former NFL Quarterback Tim Tebow on how he makes sure his finances are diversified.
The SECURE Act is a recent piece of legislation that could mean big things for your retirement plans. Mike Canet talks in depth about what this means and how it could effect those who are in or approaching retirement.
Fidelity recently announced that a record number of 401k accounts are now valued at over a million dollars. Ryan Herbert talks about what those account holders need to know to get the most out of their savings.
Mike Canet and Ryan Herbert discuss an issue that's often overlooked: Big gains in a bull market can hide big problems in your portfolio. Find out how Mike and the team at Prostatis help clients uncover any hidden issues in their accounts.
Mike Canet and Ryan Herbert discuss how the Ravens' recent success relates to retirement planning. Plus, the power of a Roth IRA and the interesting results of a recent study that found that creative personalities tend to spend their money faster in retirement.
What is a bigger threat to your retirement savings? Market Loss or Low Returns? Plus, we hear from the world's oldest couple, about to celebrate their 80th anniversary.
This week, Mike and Ryan talk about why planning at the end of the year is such a great idea for those of us approaching retirement. they also cover some of the ways that advance planning can save you money on taxes.
This week, Mike reviews some of the options people have with their old 401ks that may have been left behind at a former employer.
On this week's episode, Mike talks about end of year planning and how it can impact your taxes in the future. Mike also outlines what's involved in developing a complete financial plan.
This week is the 33rd anniversary of the Tax Reform Act of 1986. Mike discusses the current tax code and the opportunities retirees have to take advantage of our current low tax rates.
This week, Mike discusses the recent news about oil prices and the market. He also covers what you should be looking at in your 401k.
On this week's Savvy Investor, Mike and Ryan discuss the anniversary of the market crash of 2008. Could it happen again? And what options are out there to assist people in protecting their retirement savings?
This week, Mike and Ryan cover alternative investment strategies that they are often asked about when big changes happen in the market.
This week, Ryan Herbert discusses the recent volatile market and what it means for retirees and those approaching retirement.
Mike and Ryan discuss the volatility in the market recently, and how investors should be positioned to avoid major losses.
Learn various strategies about saving money on taxes in your 401k with Mike Canet on this week's episode of The Savvy Investor Podcast.
A recent study shows that 92% of Americans want to leave a legacy, but only 64% actually have estate plans. Mike and Ryan discuss that disconnect and also cover some excellent ways to save on taxes
Hundreds of CPAs were surveyed to find out what their clients are worrying about. The top answer was... running out of money in retirement. In this episode, Ryan Herbert talks about ways to prevent that from happening to you.
As an Estate Planning Attorney, Mike discusses common Estate Planning myths like; MYTH #1: It's only for the rich, MYTH #2: It's only for distributing assets after you die, MYTH #3: A will can distribute your assets, MYTH #4: Once I have a plan in place, I don't need to revisit it.
Most Americans save for retirement in their 401k's, but is it the bast place? Mike Canet discusses the good, the bad, and alternatives to 401k's.
As an Estate Planning Attorney, distributing wealth in the most tax efficient manner legally possible is Mike's wheelhouse. In this episode, he discusses inheritances and creating a dependable income stream so you can "live it up" in retirement.