Retirement Rescue Radio: Recent Episodes
Nate Miller
Retirement Rescue Radio is a weekly podcast with Author, Financial Advisor, Husband, Father, and Blackbelt, Nate Miller, Founder of Miller Retirement Group headquartered in the heart of the Midwest; Lawrence, Kansas. If you are a retiree, or pre-retiree, this podcast is for you. In it, he will draw on his experience both as an Advisor, and the cumulative knowledge that he received when he had the opportunity to consult with some of the top financial and retirement advisors in the nation. He will be bringing actionable advice and steps that you can take in order to help avoid potentially misleading financial advice and make sure that your retirement income lasts as long as you do and that you not simply survive, but thrive in retirement!
Miller Retirement Group is an independent financial services firm that utilizes a variety of investment and insurance products. Investment advisory services offered only by duly registered individuals through AE Wealth Management, LLC (AEWM). AEWM and Miller Retirement Group are not affiliated companies. 00500120 - 12/21
Nate read the entire SAVE act and talks about what it says and what it doesn’t say to set the record straight surrounding both sides of the argument.
Source: https://www.congress.gov/bill/119th-congress/house-bill/22/text https://dallasexpress.com/national/polls-show-84-american-support-for-photo-id-voting-trump-urges-congress-to-act/?utm_source=chatgpt.com https://www.realclearpolitics.com/video/2026/02/03/cnns_enten_83_favor_voter_id_its_not_controversial.html?utm_source=chatgpt.com
Nate breaks down the latest tax season data to show how new tax changes are impacting everyday Americans and retirees, and why many people may actually be paying less in taxes than they think.
Source: https://www.cnbc.com/2026/04/15/irs-audit-red-flags.html https://www.newsmax.com/newsfront/trump-tax-season-treasury/2026/04/15/id/1252973/
Nate thanks his team and his clients by telling how they’ve helped him build his business to allow him to give back, and recounts a very recent story of his first Mission Trip.
Nate discusses some of the way is that advisors bring value to their clients in more ways than simply investment returns.
Source:
PDF of the RMA study guide. Pages 16 – 19
Nate shares some actual good news about the economy amidst a lot of negative. Good news is out there!
Source:
https://www.youtube.com/watch?v=7er_Cjknknw
https://www.dailywire.com/news/trump-secures-biggest-of-all-trade-deals-with-eu
Nate discusses the final big beautiful bill and what it means to retirees and pre retirees from a tax and income standpoint. Source:
Source:
https://taxfoundation.org/research/all/federal/big-beautiful-bill-senate-gop-tax-plan/?fbclid=IwY2xjawLd9pFleHRuA2FlbQIxMABicmlkETFtek5ubTdCdGpRZmNBYUJ4AR6uSuBkMY86eLyoFqqojCAZpOm-p8Q6HdAwudH36aM3IIpB87suXhhczXnPqg_aem_CJzShSC6xo4fgn4zdqtJ1A
https://wcginc.com/blog/one-big-beautiful-bill-obbb/?fbclid=IwY2xjawLd9pRleHRuA2FlbQIxMABicmlkETFtek5ubTdCdGpRZmNBYUJ4AR6r4UcjFtXxACgx8GL_V4V6NN_YDbEtuBWV8WOpOYFc2Kdw_ZQfHbQsiJCiKA_aem_U8UJN1gOXxOnqnL3r2_ygQ
https://fortune.com/2025/07/04/trump-signs-one-big-beautiful-bill-into-law-what-that-means-for-your-money/?fbclid=IwY2xjawLd9pdleHRuA2FlbQIxMABicmlkETFtek5ubTdCdGpRZmNBYUJ4AR6uSuBkMY86eLyoFqqojCAZpOm-p8Q6HdAwudH36aM3IIpB87suXhhczXnPqg_aem_CJzShSC6xo4fgn4zdqtJ1A
https://www.bogleheads.org/forum/viewtopic.php?t=457576&fbclid=IwY2xjawLd9ppleHRuA2FlbQIxMABicmlkETFtek5ubTdCdGpRZmNBYUJ4AR407mFk2xmCzWFyWon2IGB7_jeIo0I-XTxpahqmkmXXb4-uLDQm2PC2_RCQQg_aem_rvC6014ec7oA7UKO0VOStA
https://www.cnbc.com/guide/what-trumps-one-big-beautiful-bill-means-for-your-money/?fbclid=IwY2xjawLd9p1leHRuA2FlbQIxMABicmlkETFtek5ubTdCdGpRZmNBYUJ4AR6wVUnF2upPPztlAZqRSg7S26TGBropG5kPJk60gng_R347FApSKsiLijoTIg_aem_MINsVbLaK7sDXlgYKBBjaQ#senior-bonus-deduction
Nate discusses some of the investment accounts that you can open and investing for retirement other than someone’s retirement plan at work.
Nate discusses how to use certain marketing conditions to your advantage combined with Donor Advised Funds to donate more money to charity in a tax savvy way.
Source: https://www.google.com/finance/quote/TSLA:NASDAQ?sa=X&ved=2ahUKEwjaquOr5aKMAxVWHNAFHSXNEJwQ3ecFegQIPxAf
Nate discusses a video that has been making its rounds among his clients that is simply a fear mongering advertisement to sell more newsletter subscriptions and should not be taken seriously.
Source: https://www.retirementwatch.com/offer/rw-default?source=RWDD8715T&step=0&CID=434710&AFID=506988&CLICKID=01_177173239_16f527e5-17dc-4e86-a4ca-263b15cb6e5f
https://www.retirementwatch.com/offer/rw-default?source=RWDD8715T&step=1&CID=434710&AFID=506988&CLICKID=01_177173239_16f527e5-17dc-4e86-a4ca-263b15cb6e5f
Nate discusses the new Act and the positives and negatives of it, and how it could impact retirees and the Social Security Trust Fund.
Source: https://www.thinkadvisor.com/2025/01/05/biden-signs-social-security-fairness-act-/?kw=Biden%20Signs%20Social%20Security%20Fairness%20Act&utm_source=email&utm_medium=enl&utm_campaign=newsroomupdate&utm_content=20250105&utm_term=ta&oly_enc_id=4791J5393367D8I&user_id=7dece68a50d12914b4929182d0b4cb5001dd82cb0e00296b32af6f59bb259b0a
https://www.thinkadvisor.com/2025/01/03/debate-is-the-social-security-fairness-act-fair/?kw=Debate%3A%20Is%20the%20Social%20Security%20Fairness%20Act%20Fair%3F&utm_position=1&utm_source=email&utm_medium=enl&utm_campaign=lifehealthweekender&utm_content=20250105&utm_term=tadv&oly_enc_id=4791J5393367D8I&user_id=7dece68a50d12914b4929182d0b4cb5001dd82cb0e00296b32af6f59bb259b0a
https://www.thinkadvisor.com/2024/12/30/social-security-fairness-act-could-cause-new-problems/?kw=Social%20Security%20Fairness%20Act%20Could%20Cause%20New%20Problems&utm_position=1&utm_source=email&utm_medium=enl&utm_campaign=weekendreview&utm_content=20250104&utm_term=tadv&oly_enc_id=4791J5393367D8I&user_id=7dece68a50d12914b4929182d0b4cb5001dd82cb0e00296b32af6f59bb259b0a
https://www.thinkadvisor.com/2024/12/27/social-security-fairness-act-calls-for-2024-back-payments/?kw=Social%20Security%20Fairness%20Act%20Calls%20for%202024%20Back%20Payments&utm_source=email&utm_medium=enl&utm_campaign=earlywire&utm_content=20241230&utm_term=tadv&oly_enc_id=4791J5393367D8I&user_id=7dece68a50d12914b4929182d0b4cb5001dd82cb0e00296b32af6f59bb259b0a
Nate discusses the positives and negatives about the Trump tariffs and how they could affect prices, the market, and retirees’ investments.
Source:
https://www.washingtonpost.com/opinions/2024/10/28/jeff-bezos-washington-post-trust/
https://pmc.ncbi.nlm.nih.gov/articles/PMC7255316/#:~:text=The%20wasteful%20effects%20of%20protectionism,marginally%2Dsignificant%20increase%20in%20unemployment.
https://taxfoundation.org/research/all/federal/tariffs/
https://www.investopedia.com/news/what-are-tariffs-and-how-do-they-affect-you/
https://www.dailywire.com/news/trump-promises-tariffs-on-all-products-from-mexico-until-it-curbs-flow-of-migrants-into-u-s
https://www.dailywire.com/news/trudeau-says-he-had-a-good-call-with-trump-after-threat-of-tariffs
https://www.dailywire.com/news/trump-unveils-tariff-ultimatums-against-canada-mexico-and-china
https://www.dailywire.com/news/the-art-of-the-tariff-how-trump-can-help-save-the-middle-class
Nate has heard multiple times that Trump wants to cut Social Security, hearing that the source of those concerns was project 2025, so he downloaded all 922 pages, and gets to the bottom of it.
Source:
https://static.project2025.org/2025_MandateForLeadership_FULL.pdf
Nate discusses the cost of living adjustment increase for 2025 along with the Medicare premium increase, and again tries, possibly in vain, to temper election season emotions.
Source:
https://www.thinkadvisor.com/2024/10/10/social-security-cola-for-2025-set-at-2-5/?kw=Social%20Security%20COLA%20for%202025%20Set%20at%202.5%25&utm_source=email&utm_medium=enl&utm_campaign=newsroomupdate&utm_content=20241010&utm_term=ta&oly_enc_id=4791J5393367D8I&user_id=7dece68a50d12914b4929182d0b4cb5001dd82cb0e00296b32af6f59bb259b0a
https://www.aarp.org/retirement/social-security/info-2024/cola-set-for-2025.html#:~:text=In%20their%202024%20annual%20report,a%20month%20for%20most%20recipients.
Nate discusses a few articles around the theme of underspending in retirement and why some retirees may be hesitant to spend money in retirement, even if their strategies show that they could spend higher amounts.
Source:
https://www.morningstar.com/retirement/tips-help-you-spend-less-or-more-retirement
https://www.forbes.com/sites/timmaurer/2023/09/24/scared-to-spend-overcoming-the-retirement-cycle-of-fear/?sh=4937ce036c5f
https://www.msn.com/en-us/news/us/the-anxiety-of-spending-money-you-definitely-have/ar-AA1ojOvF
Nate discusses Kamala Harris’s 25% proposed tax on unrealized capital gains.
Sources:
https://www.forbes.com/sites/robertwood/2024/08/29/kamala-harris-plan-to-tax-unrealized-capital-gain-is-scary-heres-why/
https://www.forbes.com/sites/robertwood/2024/08/28/kamala-harris-has-big-plans-for-your-taxes-here-is-what-you-could-pay/
https://www.politifact.com/factchecks/2024/aug/30/facebook-posts/harris-backs-an-unrealized-capital-gains-tax-it-wo/
https://taxfoundation.org/data/all/federal/latest-federal-income-tax-data-2024/
Nate is once again fed up with the narrative of the rich not paying any taxes. Literally every single tax comment that came out of Biden’s mouth is wrong. And not subjectively wrong, not politically wrong, they are every one of them objectively, factually wrong.
Source: https://taxfoundation.org/data/all/federal/summary-latest-federal-income-tax-data-2023-update/#:~:text=The%20top%201%20percent%20earned,the%20bottom%2090%20percent%20combined
https://www.forbes.com/advisor/business/average-salary-by-state/
https://www.politifact.com/factchecks/2021/apr/12/joe-biden/fact-checking-joe-biden-corporation-taxes/
https://drilldownsolution.com/how-billionaires-avoid-taxes/
https://www.washingtonpost.com/politics/2021/10/21/bidens-favorite-stat-that-55-major-corporations-paid-no-federal-income-tax/
https://www.politifact.com/factchecks/2023/nov/29/joe-biden/is-joe-biden-right-that-republicans-would-cut-soci/
Nate discusses an article that explains the changes to the Social Security System that Retirees would be willing to make in order to shore up the reserves and bring it back to solvency.
Nate interviews Advisor Josh Miller on some very specific nuanced social security claiming strategies.
Nate discusses strategies to retire early and get the income you need while still qualifying for the ACA tax credits.
Sources:
- Health Insurance Marketplace Calculator
- HealthCare.gov - Count Income & Household Size
Nate discusses a specific claiming strategy that received a major overhaul in 2015.
Source: Social Security Filing Rules for Retirement and Spouses Benefits
Nate takes us through some of the questions you should be asking if you are part of the KPERS system, as well as other considerations to help make your pension and lump sum decisions.
Nate discusses how to tell what kind of financial advisor you will hear from at retirement workshops based on the disclosures on the invitations. He also gives an update on the markets and interest rates and where he expects the market to go this year.
Source: AE Wealth Management
Nate discusses his opinion on the debt ceiling issue and its use as a political negotiating tool and whether or not you should be concerned about it.
Source: https://fiscaldata.treasury.gov/americas-finance-guide/national-debt/
Nate discusses setting good goals for the year, and gives his perspective on the last quarter of 2022, and the outlook for 2023.
Nate goes through the Secure Act 2.0 legislation, highlights important or interesting aspects, and offers his commentary on the impact to retirees.
Nate discusses the new Social Security COLA, some end of year IRA planning, and some thoughts around what needs to happen to lower inflation and set 2023 back on track.
Nate discusses some myths surrounding annuities and attempts to shine more of a balanced explanation of when they could be a useful tool during retirement.
Millennials want to retire at 50, but aren’t saving nearly enough, and studies show that a lot of people plan to work in some fashion in retirement.
Sources: NY Times, CNBC
Millennials want to retire at 50, but aren’t saving nearly enough, and studies show that a lot of people plan to work in some fashion in retirement.
Sources: NY Times, CNBC
Nate discusses the recent student loan forgiveness and what that could mean for your retirement.
Sources:
Kitces.com
Note PD
Best Colleges
NCES.ed.gov
Nate discusses the recent student loan forgiveness and what that could mean for your retirement.
Sources:
Kitces.com
Note PD
Best Colleges
NCES.ed.gov
Nate discusses 5 specific tax strategies to help retirees lower their overall lifetime tax liability, and gives examples of combining strategies to make an even bigger impact on your tax bottom line.
Nate discusses 5 specific tax strategies to help retirees lower their overall lifetime tax liability, and gives examples of combining strategies to make an even bigger impact on your tax bottom line.
Nate discusses a couple articles and gives his perspective on a survey of over 1000 American adults and shares his thoughts on doing a cash out refinance of one’s home.
Sources: kitces.com - Weekend Reading for Financial Planners July 30-31
kitces.com - Consumers are Keeping More Cash on the Sidelines
Josh asks Nate his opinion on a variety of financial and retirement topics.
Key takeaways and questions:
- Savings for college in a 529
- Do I need life Insurance?
- Should I sell mom’s house before she goes into a nursing home?
Source: ThinkAdvisor
Nate gives perspective around bear market declines to help give peace of mind for investors today.
Key takeaways:
- Is a recession coming?
- When does a market enter a bear market?
- How often to bear markets happen?
Source: Hartford Funds
Nate and Richard discuss several aspects of retirement including midlife financial crisis, keeping a schedule even when retired, and ways to discern whether or not the information that you find online could be biased.
You can follow Richard on Twitter and LinkedIn!
Check out Richard's podcast, Friends Talk Money, available on Apple Podcasts.
You can also Richard's Marketwatch Blog: The View from Unretirement
Nate & Don discuss why your identity is not defined by what you get paid to do.
Key takeaways:
- What is an actuary?
- “Life Two” Book
- Working in retirement
- How do figure out “what to do” in retirement
- Fear of running out of money
- Short term vs long term happiness
Nate and Ashton discuss some of the challenges surrounding Ageism, and what people can do to bring more awareness to it, and decrease it’s affects in your life. Click here for Ashton's Book, This Chair Rocks
Other sites:
www.oldschool.info
https://thischairrocks.com/
Key takeaways:
- Social Movements
- Ageism – Age Liberation Movement
- Building a more equitable world
Nate discusses some myths surrounding the narrative that the rich don’t pay their fair share of taxes. Source: Tax Foundation Key Takeaways:
- Income Tax Shares
- Income Percentiles
- Tax Brackets
- Do the rich pay their fair share in taxes?
- Adjusted Gross Income
Nate and Linda Fodrini-Johnson discuss aging, the difference between dementia and Alzheimer’s, and practical steps to having those difficult conversations about geriatric care. How to recognize cognitive impairment, how to talk about it with a loved one, and how to get help when you need it. Click here for Linda's book, The Empowered Caregiver: Practical Advice and Emotional Support for Adult Children of Aging Parents
Key takeaways:
- How can you protect your mental health?
- How to keep your brain healthy in retirement
- Advocates in Retirement
- When to be concerned about dementia & Alzheimer’s
- Caregiving and Home Health Care
Nate discusses different experiences of long-term cruisers as well as affordability options for people that want to try their hand at long-term cruising in retirement. Source: CNN Travel
Key takeaways:
- Traveling in Retirement
- Holland America & Carnival
- Expenses in Retirement
- Residential Cruise Ships
- Airbnb your Home
Summary: Nate discusses what phantom capital gains are, where they come from, how they affect your tax situation, and what you could possibly do to avoid them in the future. Sources: https://www.investopedia.com/terms/p/phantomgain.asp#:~:text=A%20phantom%20gain%20is%20a,may%20have%20declined%20in%20value.
https://retirementrescueradio.com/episode-118-donor-advised-funds/
Key takeaways:
- Tax Day 2022
- Mutual Funds
- ETF’s
- After Tax Accounts
- Trusts
Nate discusses some basics of Social Security that everyone should be aware of. Source: ThinkAdvisor
Key takeaways:
- Full Retirement Age (FRA)
- Delayed Retirement Credit
- Divorced Spouses
- How is social security taxed?
- Which states tax social security?
- Will social security reserves run out?
Nate sheds light on the confusion surrounding the IRS’s Roth IRA 5-year rule. Three types of Roth accounts this affects: 1. Contributions 2. Conversions 3. Inherited
IRS pecking order of withdrawals
- Contributions first
- Conversion second
- Growth or earnings third
Nate discusses the absurdity of a new Biden tax proposal.
Sources:
Think Advisor
The New York Times
Congressional Budget Office
Key takeaways:
- Income over 100 million dollars
- Taxes
- Government Budget
- Billionaire Tax
- Estates & Capital Gains
- Passing on wealth to kids
Nate discusses some of the new interpretations behind the 10 year distribution rule of IRA money after the passage of the Secure Act, and the consequences of getting it wrong. Source: https://www.thinkadvisor.com/2022/03/14/ed-slott-new-irs-secure-act-regs-are-an-rmd-nightmare/
Key takeaways:
- Stretch IRA
- Types of Beneficiaries
- Trusts
- Roth IRA
- Spousal Rollovers
Nate and Josh discuss questions received through the podcast email inbox.
Key takeaways:
- Life Insurance
- Bank Assets
- Big Purchases in Retirement
- Home Equity Loans
- Policies and plans for grandkids
- Inflation
- Market corrections
(This is a hypothetical example provided for illustrative purposes only; it does not represent a real life scenario, and should not be construed as advice designed to meet the particular needs of an individual's situation. Cannot guarantee the accuracy or completeness of the software used to display results or the outputs. Please remember that converting an employer plan account to a Roth IRA is a taxable event. Be sure to consult with a qualified tax advisor before making any decisions regarding your IRA.) Nate illustrates why the concern over having less money in your account to compound due to taxes paid on a Roth IRA conversion is the wrong way to think about it.
Key takeaways:
- Converting to a ROTH
- Taxes on distributions
- Tax Brackets in retirement
- IRS
- Present value of money
Click here to see the source for today's episode!
Nate interviews Dr. Glen Robison about his book titled “Healthy Dad Sick Dad: What Good Is Your Wealth If You Don’t Have Your Health?”. Book Link: https://www.amazon.com/Healthy-Dad-Sick-Wealth-Health/dp/1544520743 Key takeaways:
- Nutrition in Retirement
- Detoxing
- Diet Types Dr. Robison recommends
- 3 things you can put into practice for better health
Nate talks about generating an income stream from your assets in retirement. Key takeaways:
- Nate explores some different vehicles that are available to help create income in retirement
- He explains why it's important to have a withdrawal plan
In this Best of RRR, Nate discusses the different areas of you can put your money and the possible benefits in his Annuity Series, “Cutting through the Crap!”
Key takeaways:
- Nate outlines the different areas you can put your money and the possible benefits
- He talks about how there is no perfect investment out there
- He explains The Rule of 100
Nate interviews Carl Honoré on the benefits of slowing down our busy lives and growing bolder rather than older.
Key takeaways:
- FOMO
- Slowing Down in Retirement
- COVID and the “slow movement”
- Ageism
- Stages of Life – are the relevant in retirement?
Nate interviews Jim Bowman, President of Life Insurance at Advisors Excel, about a new concept that is a great alternative to cash. ###### This information is not intended to be used as the sole basis for financial decisions, nor should it be construed as advice designed to meet the particular needs of an individual's situation. None of the information contained herein shall constitute an offer to sell or solicit any offer to buy any investment or insurance product. The information and opinions presented by Jim Bowman are his alone and do not necessarily reflect the views of the firm providing you with this content, or Advisors Excel or AE Wealth Management, LLC. Jim Bowman is not a client of Miller Retirement Group and does not endorse the firm. All individuals should make their own evaluation of the firm and their services. Jim Bowman is president of Life Insurance at Advisors Excel. Advisors Excel receives compensation for facilitating the sale of life insurance. Advisors Excel and Miller Retirement Group are independent entities.
Key takeaways: * Cash Alternative * Life Insurance * Preparing for retirement * Surrender Charges * Legacy Accel * Liquidity * Tax Free Death Benefit * Chronic Illness Rider
Nate and Josh discuss questions received through the podcast mailbox. To ask a question, simply email asknate@retirementrescueradio.com Key takeaways:
- Pensions
- Retirement Income Analysis
- Saving in Retirement
What we’ve been told about the tax savings in these plans is a lie.
Key takeaways:
- How did they sell it to us?
- Who stands to benefit from it?
- Nate gives a hypothetical example of how one could potentially end up paying more taxes in retirement that you saved during your working career!
- What to do instead to help avoid that happening.
- What amount should you have in these plans when you retire to help avoid paying tax on your Social Security income.
Nate shares tips for setting and achieving New Year’s resolutions or as he calls them, goals. He also share some of his own goals and thought processes that he goes through to make sure that he is successful with his own.
Source: https://www.goskills.com/Soft-Skills/Resources/Top-10-new-years-resolutions
Key takeaways:
- How to set measurable goals
- New Year’s Resolutions
- Money
- Fitness
Nate has a little fun going over 20 quotes about money and quizzes you on who it’s attributable to. Test your financial “knowledge”!
Source: https://www.wealthmanagement.com/people/how-well-do-you-know-famous-money-quotations/gallery?slide=1
Key takeaways:
- Time is money
- Quotes on money
- Test your financial knowledge!
- Investing
- Share values
Nate interviews Dorian Mintzer on the bonus years and how to find happiness in retirement.
Resource List – https://revolutionizeretirement.com/giveaway/
Free Monthly Webinar - https://revolutionizeretirement.com/bandbsig/
Book: https://www.amazon.com/Couples-Retirement-Puzzle-Must-Have-Conversations/dp/1402295901/ref=sr_1_3?keywords=the+couples+retirement+puzzle&qid=1638988940&sr=8-3
Key takeaways:
- Embracing your bonus years
- Optimism
- Ageism
- Hobbies in retirement
- Finding your identity in retirement
Nate discusses money and when to determine how much money is enough for retirement.
Source: Psychology of Money book by Morgan Housel
Key takeaways:
- How much money is too much?
- Billionaire Circle
- Ponzi Scheme
- Happiness in retirement
Nate congratulates and highlights two clients from Miller Retirement Group for running 50 marathons together as a couple.
Source: https://www.fa-mag.com/news/prepare-to-live-on--33-000-a-year-if-you-retire-with-a--1-million-portfolio-64906.html?section=43&utm_source=FA+Subscribers&utm_campaign=047a98a3d6-FAN_AM_Send_052220_A-B+Split_COPY_01&utm_medium=email&utm_term=0_6bebc79291-047a98a3d6-236403437
Episode Link: https://retirementrescueradio.com/episode-111-discretionary-liquidity/
Key takeaways:
- Marathons in Retirement
- Safe withdraw rate
- Bonds
- Market based products
- 4% rule
- Long term care
Nate and Josh discuss questions received through the podcast. If you have questions, email them to us at asknate@millerretirementgroup.com
Key takeaways:
- Should you sell your parent’s house?
- Long term care
- Medicaid
- Filial Law
- Selling a farm before retirement
- Mortgage in retirement
Nate discusses excerpts from the Psychology of Money book by Morgan Housel.
Click here to order Morgan Housel's book The Psychology of Money!
Key takeaways:
- Psychology of Money
- What shapes our psychology of money?
- Debt
- Inflation
Nate dissects a few excerpts from the book “The Psychology of Money” by Morgan Housel.
Key takeaways:
- IQ, AQ, EQ
- Ronald Reed
- Financial success
- Relationships with Money
Nate discusses a little known state specific laws that could wreak havoc on you or your children’s financial plans.
Click here to listen to Nate's interview with Cameron Huddleston that he referenced!
Key takeaways:
- Filial responsibility laws
- Filial states
- Healthcare bills
- Long term care
- Home equity
Nate pokes fun at his industry and some of the things that advisors say.
Sources:
Stupid Things Advisors Say
7 Stupid Things People Do with Their Money That Feel Smart at the Time
Stupid Things People Say to Advisors
Key takeaways:
- Mortgages
- Negative & Positive Earnings
- Stocks
- Risk and Investing
- Maximizing Returns and Minimizing Risks
Nate interviews Jasmine Anderson about Medicare enrollment, the different parts of Medicare, and how to apply for it.
Jasmine’s Contact Info:
Email: jasmine@millerretirementgroup.com
Phone: 785-813-1222
Key takeaways:
- What is Medicare?
- What are the parts of Medicare?
- What are the costs of Part A & Part B
- What are the types of Medicare Supplement Plans?
- Who is eligible for Medicare?
- What is AEP?
Nate discusses an innovation in the annuity space and gives his take on a new product.
Source: https://www.investmentnews.com/annuity-rias-living-benefit-funds-212368
Key takeaways:
- Sequence of Returns Risk
- Standalone Living Benefit
- Variable Annuities
Nate and Josh discuss some more recent Biden tax proposals and the implications to middle America, not just the wealthy.
Key takeaways:
- Taxes in Retirement
- How much is too much in retirement?
- Capital Gains Tax
- Legislative Risk
Nate discusses a few different topics and gives his perspective on how we should be thinking about them, or if we should be worried.
Sources:
https://www.marketwatch.com/story/when-the-stock-market-pulls-back-keep-buying-especially-these-five-companies-11632249039?siteid=yhoof2
https://www.nytimes.com/2021/09/26/business/china-evergrande-crisis.html
https://finance.yahoo.com/news/where-home-prices-going-next-164500871.html
https://finance.yahoo.com/news/much-takes-top-1-230436859.html
Key takeaways:
- Evergrande Collapse
- Global Debt Crisis
- Housing Prices
- Exodus in the work force
- Tax Changes
- Top 1% Income Earners – what does it take?
Nate discusses changes in Biden’s most recent proposal for tax changes that is included in his $3.5 trillion infrastructure deal.
Sources: Bloomberg, CNBC
Key takeaways:
- Top Tax Bracket
- Capital Gains
- Step-Up in Basis
- Estate Tax
Nate interviews author Dr. George Schofield, who discusses different ways of looking at and defining retirement, and the questions you should be asking yourself not only now, but throughout your life to help with all life transitions.
George's website
Email George!
Key takeaways:
- Goal setting
- Financial Advising
- At what point do you need a financial advisor?
- Do you need an executor?
- How to use your network
Nate discusses economic factors that affect the solvency of Social Security and Medicare due to the COVID recession.
Resources:
Resources: https://apnews.com/article/business-medicare-6d527d62acb9a6ee09361d81ccacd36f
https://www.thinkadvisor.com/2021/08/11/social-security-cola-estimate-for-2022-raised-to-6-2/?utm_source=email&utm_medium=promo&utm_campaign=august_topcontent&utm_content=083021&utm_term=ta
Key takeaways:
- Cost of living for 2022
- Is social security going away?
- How will the pandemic affect Medicare and Social Security?
- Taxes on social security
- How do we free up funds?
Nate discusses how to transition into your third act with coach and author Allan Milham. They discuss how to have a more fulfilling PROtirement rather than a Retirement.
Click here to take the "Are You Ready?" assessment! (Scroll to the bottom of the page)
*Allan Milham’s opinions are his own and may not reflect those of Miller Retirement Group or AEWM. Allan Milham is not affiliated with Miller Retirement Group or AEWM.
Key takeaways:
- When is the third act of life?
- Olympians and the third act of life
- Inventory of who is in your world
- “Life is Short” mentality
- How to lead in life and in your community
Nate interviews Nancy Collamer, author, speaker, media contributor, and retirement coach about the many roads to finding your passions in retirement or semi-retirement to live a more fulfilling 2nd Act.
Leave us a review, copy and paste it into an email, and send it to asknate@retirementrescueradio.com for a complementary copy of Nancy's book!
Click here to receive Nancy's workbook, 25 Questions To Help YOU Identify Your Ideal Second Act.
Key takeaways:
- Three G’s of Retirement
- Side Hustle in Retirement
- How do you figure out what to do for your second act?
- Find your passion
- Chuck-It List
Nate and Josh jump back into the mailbag to answer pressing questions regarding retirement planning.
Key takeaways:
- 401K
- Consumer Debt
- Taxes in Retirement
- Medicare
- Savings Accounts
- Company Stock
Nate discusses estate planning with attorney Chris Green.
Phone: 913-738-6597
Website: www.gransonlegacy.com
Key takeaways:
- What is a will?
- Healthcare Power of Attorney
- Durable Power of Attorney
- Who needs estate planning?
- Irrevocable vs. Revocable Trust
Nate discusses crediting strategies that are available with annuities.
Key takeaways:
- Fixed Indexed Annuities
- Compounding Growth
- Point to Point with a cap
- S&P 500
Nate interviews David Jetson, a national and international speaker, workshop developer and author of Setting True Boundaries, on the importance of setting financial boundaries, how boundaries affect our lives, and some steps to take in order to set your own good boundaries.
Resources: www.jetsoncounseling.com
www.livingtrueinc.com
Books:
Setting True Boundaries
Finding Emotional Freedom
Key takeaways:
- How to feel comfortable spending money in retirement
- Showing respect for yourself and your money
- Setting a budget in retirement
- Downfalls of not setting boundaries
Nate discusses some local issues with Myranda Zarlengo, who is running for a position on the school board, and is looking to make a difference by putting the focus back on the children first.
Facebook Page - https://www.facebook.com/votemyrandazarlengousd497/
Email: mzfor497@gmail.com
Website: http://www.myrandazarlengoforschoolboard.com/
Key takeaways:
- Testing in K-12
- COVID & Bringing kids back to school
- Teacher Pay
- Elections in Douglas County, KS
- Bonds & Stocks
- Risk in Retirement
- Volatility
- Fixed Indexed Annuities
- Timing the markets
- 60/40 Stock Bond Mix
- Income focused alternatives in retirement
Markets rebounded significantly after their sudden plunge in February and March 2020; reminding investors of the importance of focusing on long-term goals instead of short term events.
Sources:
Stock Market Crash of 1987
Here's How Long It has Taken for Bear Market Losses to Recover
10 Things You Should Know About Bear Markets
Takeaways:
- Investors can get caught up in a “let it ride” mentality in times of unchecked market growth. However, it is just as important to keep an eye on the big picture in good times as it is in bad.
- We cannot predict when the market will drop or how far it will fall. Investors should take steps to position their portfolios against potential risk during times of growth.
Josh Miller interviews Nate on some of the biggest proposed changes in Biden’s bill, the possible ramifications of it, and what you can do to possibly put yourself in a better position should some of those things come to pass.
Sources:
Number of Amazon Workers from 2007-2020
The Politicians Lied: Amazon Does Pay Taxes
Wall Street Journal: Does Amazon Really Pay No Taxes? Here's the Complicated Answer.
Takeaways:
- Corporate Tax Changes
- Dividends
- Share Prices
- National Deficit
- Capital Gains Tax
Nate discusses a powerful tool that can be used to satisfy those that are charitably inclined and concerned about lowering their taxes.
Click here to listen to the interview with Marty Ruby.
Key takeaways:
- Qualified Charitable Deductions (QCD)
- Taxes and Donating to Charities in Retirement
- Required Minimum Distributions (RMD)
- IRA’s
- Roth and Taxes
- Tax Cuts and Jobs Act
Nate adds up multiple different types of taxes to come up with an average percentage of your income that you could be losing to Uncle Sam every year!! He also discusses class envy and a different way of thinking about it.
Key takeaways:
- Income Taxes
- Social Security Taxes
- Medicare Taxes
- Gasoline Prices
- Excise Tax
Sources:
https://www.thebalance.com/what-the-average-american-pays-in-taxes-4768594#:~:text=The%20average%20single%20American%20contributed,Tax%20Foundation's%20method%20of%20calculation.
https://smartasset.com/taxes/kansas-tax-calculator
https://smartasset.com/taxes/kansas-property-tax-calculator#:~:text=While%20the%20typical%20homeowner%20in,home%20value)%20is%201.37%25.
https://www.ksrevenue.org/pdf/ppsumm.pdf
https://www.salestaxhandbook.com/kansas/rates/lawrence
https://taxfoundation.org/wireless-taxes-cell-phone-tax-rates-by-state-2020/
https://igentax.com/gas-tax-state/
Nate answers several questions on various topics in another addition of the Mailbag.
Click here to email Nate your questions!
Key takeaways:
- Refinancing
- Flipping Houses as Investment Strategy
- Retirement Goals
- Annuities
- Student Loans and Payment Suspension
- Tax Benefits due to COVID-19
Nate discusses an article titled “Can you retire with 1 million dollars?”
Key takeaways:
- How long will 1 Million Dollars last in retirement?
- Highest spending age group
- Inflation Rate
- Taxes in retirement
- How much money do you need to retire?
- Social Security Income
- How to boost savings
Nate discusses historical statistics of market performance during different presidencies, giving perspective on what to possibly expect.
Takeaways:
- Economic triggers
- History of the stock market based on who is in office
- How does congress affect the stock market?
- 2008
- Pandemic and spending by congress
- Taxes and Retirement
- “Taxes are on sale”
Nate discusses an article and dives into the top 10 things you shouldn’t care about as an investor.
Key takeaways:
- Comparing yourself to others
- What you pay for an investment
- Average stock
- One year performance metrics
- Your IQ & Investing
- Success in other areas of your life
- Timing the market
Nate interviews Lawrence, KS realtor Rodney Caldwell about the current real estate market and how COVID has affected it.
Key takeaways:
- COVID-19 & the Housing Market
- Supply & Demand with Inventory
- Average sales price
- How has the pandemic affected the housing market for the foreseeable future?
- Rental Properties
- Planning 12 Weeks at a time
- 1-3-5 Strategy
Referenced Book:
12-Week Year
Rodney’s Contact Info:
Cell: 913-707-7125
Email: rodneywcaldwell@kw.com
Facebook Page: https://www.facebook.com/realestatebyrodney/
https://rodney.ediewaters.com/
Nate discusses the concept of liquidity and introduces a new term, and outlines how you could actually do more with less with proper planning.
Key takeaways:
- What is discretionary liquidity
- CD’s
- Fixed Annuities
- MYGA
- More money more risk?
- Asset allocation
- Market investing and retirement income
- Indexed Annuities
Nate interviews John Tamny, Political Economist, Author, and Forbes contributor on the stimulus package’s effect on the economy and what could or should have been done instead, stable money, college sports, and out innovating the government.
Key takeaways
- Sports as a college major
- Economic impact from COVID-19
- Stimulus and inflation
- Innovation within small businesses
- Is a recession just a correction?
- Does investment drive economic growth?
Link to his books:
“End of Work” - https://www.amazon.com/End-Work-Your-Passion-Become/dp/1621577775/ref=sr_1_1?dchild=1&keywords=end+of+work+john+tamny&qid=1619632559&sr=8-1
“When Politicians Panicked.” - https://www.amazon.com/When-Politicians-Panicked-Coronavirus-Opinion/dp/1642938378/ref=sr_1_1?dchild=1&keywords=when+politicians+panicked+john+tamny&qid=1619632593&sr=8-1
Other Books:
“Creativity Inc”- https://www.amazon.com/Creativity-Inc-Overcoming-Unseen-Inspiration/dp/0812993012/ref=sr_1_2?dchild=1&keywords=creativity+inc&qid=1619632729&sr=8-2
“Shoe Dog” - https://www.amazon.com/Shoe-Dog-Memoir-Creator-Nike/dp/1501135929/ref=sr_1_1?dchild=1&keywords=shoe+dog&qid=1619632770&sr=8-1
Freedom Works Website: https://www.freedomworks.org/content/john-tamny
Real Clear Markets Website: https://www.realclearmarkets.com/authors/john_tamny/
Twitter: https://twitter.com/johntamny
*Show guests are not affiliated with AEWM or Miller Retirement Group and the views expressed by them are their own.
Bernie Madoff, architect of the largest Ponzi scheme in history, died at 82. Nate talks about how to spot financial fraud and protect yourself from becoming a victim of it.
Key takeaways:
- Ponzi Scheme
- NASDAQ
- Custodian of money
- “Too good to be true syndrome”
Nate discusses the hidden cost of "free trading."
Sources:
https://www.thestreet.com/investing/how-does-robinhood-make-money-14856528
https://www.fa-mag.com/news/robinhood-faces-ban-in-massachusetts-that-will-affect--millions-61528.html?section=97&utm_source=FA+Subscribers&utm_campaign=bd289d1605-FAN_AM_Send_052220_A-B+Split_COPY_01&utm_medium=email&utm_term=0_6bebc79291-bd289d1605-236403437
Key Takeaways:
- Commission Free Trading
- Cash reserves
- Cryptocurrency
- Margin lending
- High frequency trading
- Standard of care
- Stock Market
Nate discusses a study that looks at why aren’t annuities selected by more people.
Key takeaways:
- Annuities
- Mutual Funds
- Income Riders
- Is an annuity an insurance product?
- When do most people claim social security?
- Picking an annuity supplier, if it fits your financial situation
- Helping reduce risk in retirement
Josh Miller asks Nate Miller questions received via email from various podcasts. To submit questions, please email asknate@retirementrescueradio.com.
Key takeaways:
- Couples finances
- How much do you need in savings to retire?
- Profit from selling a home in retirement
- Small Businesses
Josh Miller interviews Nate Miller with questions received via email from the podcast. To submit questions, please email asknate@retirementrescueradio.com
YouTube video referenced: https://www.youtube.com/watch?v=6XRnh3QOALk
Key takeaways:
- Pensions
- How many places should I keep my money?
- Long term care costs
- Trading options in IRA
- Which account should you withdraw from first?
Nate discusses identity theft and how to help protect yourself with Robert Siciliano.
*Robert Siciliano is not affiliated with Miller Retirement Group and AEWM.
Robert’s Website: https://protectnowllc.com/
Key takeaways:
- How can we help protect ourselves from identity theft?
- Phishing and phone call scams
- Whose responsibility is it to protect your identity?
- Tracking your purchases
- The value of having security in your life
Nate discusses a different thought process around retirement with author and financial advisor Eric Brotman. He discusses how retirement should not be a retreat away from something, but something we should choose to move towards in order to better our well-being.
Eric's Book: Don't Retire...Graduate!
Click here for Eric's Podcast
Eric has two E-book downloads: www.lowtaxbook.com and www.whatisfp.com. He can also be reached at www.brotmanmedia.com.
Key takeaways:
- Saving money
- Generating income in retirement
- Annuities
- 6 Steps and Decisions to make for retirement
- Social Security
Nate discusses social security claiming strategies.
Key takeaways:
- First 12 months of claiming social security
- How to increase social security
- Working and receiving social security
- Spousal and divorce spousal benefits
Nate discusses timing the market.
Key takeaways:
- How do we time the market?
- Having a plan in retirement
- Be a good neighbor
- DIY and retirement portfolio
Nate’s brother Josh interviews him about a heroic and heartbreaking event that was the catalyst that lead Nate to focus full-time on building his financial advisory practice.
Key takeaways: • Mountain Climbing • Prayer • How did this event affect Nate? • What led Nate to being a financial advisor? • CPR Retirement Rescue Roadmap
Nate interviews Emily Guy Birken, personal finance author for the New York Times and Kiplinger’s and more, and discusses topics ranging from the importance of planning for retirement, long-term care, budgeting in retirement, and the sustainability of the Social Security program.
Key Takeaways:
- Market downturns and retirement
- Obstacles in retirement
- Longevity
- Budgeting in retirement, how important is it?
- How to use your money to get what you want most
- Long Term Care Insurance
- Social Security. – How long will it last?
Click here to visit Emily's website
Emily's Books:
The 5 Years Before You Retire, Updated Edition: Retirement Planning When You Need It the Most
Making Social Security Work for You: Advice, Strategies, and Timelines That Can Maximize Your Benefits
End Financial Stress Now: Immediate Steps You Can Take to Improve Your Financial Outlook
Choose Your Retirement: Find the Right Path to Your New Adventure
Book recommendations by Emily:
Your Money or Your Life: 9 Steps to Transforming Your Relationship with Money and Achieving Financial Independence
Predictably Irrational, Revised and Expanded Edition: The Hidden Forces That Shape Our Decisions
*Neither Miller Retirement Group nor AEWM are affiliated with Emily Guy Birken
Domesticated dogs sleep more soundly than about any animal. Nate discusses how to have the same confidence in your retirement income so that you can sleep just as soundly!
Key takeaway:
- Income concerns in retirement
- Flooring method
- Retirement income strategies
- Expenses in retirement
- Vacations in retirement
Nate discusses what you need to keep in mind when you read articles about the markets that can contradict other articles and how to keep a level head.
Link to Article: https://www.cnbc.com/2021/01/03/investors-handicapping-the-new-market-year-see-similarities-to-2010s-recovery-and-1999s-risk-binge.html
Key Takeaways:
- The early 1940s
- 1999's late-cycle risk binge
- 2010 early-cycle recovery
- Tech bubble
Nate discusses the different shapes of economic recovery, gives his opinion of which shape we are in, and some things you can do in order to help position yourself well for retirement no matter which shape we are in. Key takeaways: * Economic Decline & COVID-19 * Leisure & Hospitality Industry * Recession in the U.S. * Stimulus Package * GPD * Recovery of the economy