Wealth Health Radio with Joe Murphy: Recent Episodes
Joe Murphy
Joe Murphy and the team bring everything you need to know about retirement and income planning in a fast paced format. Each week, the hosts and guests on the show reveal the latest developments in the financial world to keep you informed of changes that may affect you personally, while sharing some common sense strategies that will help you make the most out of your retirement savings. We are focused on helping investors preserve and grow their assets, increase their income, and reduce taxes.
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Joe Murphy, CEO of Murphy Wealth Management, discusses essential retirement planning strategies, including the importance of lifetime income, managing longevity risk, and planning for contingencies like divorce and healthcare. Learn how personalized advice and modern tools can help secure your financial future.
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Murphy Wealth Management
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Joe discusses how retirement confidence could be slightly eroding and especially for those without a proper plan. He notes contributing factors include some of the economic bumps in the road of late. Joe stresses those bumps should be expected and speaks to the need to have a flexible plan. The discussion also includes Social Security decisions that must be made and taxes in retirement that have to be considered.
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Murphy Wealth Management
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Joe Murphy discusses the impact of social media on perceptions of wealth and retirement, the risks of the fire movement, and how to create a balanced, sustainable financial plan. He emphasizes the importance of discipline, transparency, and personalized strategies for long-term success.
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This week on Wealth Health Radio, we break down what’s really happening in the markets—from the surge in AI and tech stocks to what it all means for your retirement strategy.
We also tackle a big question:
👉 How do you turn $1 million in savings into reliable monthly income without running out?
Plus, a look at how social media is changing financial education—for better or worse.
If you’re thinking about retirement income, market trends, or smart investing, this episode delivers real insight without the fluff.
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Explore essential retirement planning strategies including risk management, bucket strategies, and the importance of planning for longevity and inflation. Joe Murphy shares insights on how to navigate market volatility, reinvestment risks, and the significance of having a flexible, purpose-driven retirement plan.
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Joe Murphy discusses the critical aspects of retirement income planning, including layering income sources, withdrawal sequencing, and tax diversification to ensure a stable and stress-free retirement. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.
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Joe Murphy discusses essential tax planning strategies for retirees, including last-minute tips, avoiding scams, and optimizing Social Security and RMDs. Learn how proactive planning can save you money and reduce risks in retirement. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.
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Joe Murphy discuss the current market correction, the role of cash in retirement planning, and how to balance safety with growth. They explore market volatility, the impact of interest rates, and strategies for retirees to protect and grow their wealth.
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Joe Murphy discusses critical retirement planning strategies, including tax planning, Social Security taxation, sequence risk, and Medicare options. Learn how to navigate these complex issues to secure a financially stable retirement. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.
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Joe Murphy and Steve Sedahl sit down with elder law attorney Brian Less to break down the essentials of estate planning and long-term care protection. They cover the key tools—wills, trusts, and powers of attorney—and explain how each plays a role in protecting your assets and ensuring your wishes are carried out. The conversation also dives into the realities of long-term care costs, Medicaid planning strategies, and common mistakes that can put your retirement savings at risk. If you want to safeguard what you’ve built and avoid leaving your family with unnecessary headaches, this is a must-listen. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.
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Joe Murphy delves into the multifaceted aspects of retirement, emphasizing the emotional challenges that accompany this significant life transition. Joe Murphy discusses the importance of planning not just financially, but also emotionally, as many retirees face loneliness and identity loss. The discussion also covers practical strategies for navigating retirement income, including the role of annuities and social security decisions, as well as tax strategies to optimize retirement savings. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.
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Joe Murphy discusses the complexities of retirement planning, emphasizing the importance of continuous planning even after reaching retirement. The conversation covers the impact of inflation, the significance of understanding Medicare costs and IRMA, the necessity of risk tolerance assessments, and the potential future implications of AI and singularity on retirement. Joe also highlights the importance of proactive tax planning and the need for a diversified tax strategy to avoid future tax burdens. Finally, he shares his investment thesis for the next decade, focusing on the infrastructure needed to support the growing demands of AI.
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Retirement is often painted as a finish line — the gold watch, the freedom, the long mornings with nowhere to be. But as Joe Murphy makes clear on this week’s Wealth Health Radio, retirement isn’t the end of something. It’s the beginning of a brand-new phase that demands just as much planning as the working years that came before it.
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Joe Murphy discusses essential indicators for retirement readiness, including the importance of debt-free living, consistent saving habits, and diversifying income streams. He emphasizes the need for healthcare preparedness and lifestyle planning, as well as understanding retirement plans in the context of changing economic landscapes. The conversation also touches on the influence of major financial institutions like BlackRock, maximizing social security benefits, and the significance of financial literacy. Joe provides insights on planning for long-term care expenses and managing concentrated stock risk, ultimately guiding listeners towards a secure and fulfilling retirement. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.
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Joe Murphy discusses how to crisis-proof your retirement plan amidst economic uncertainties. He emphasizes the importance of having an emergency fund, diversifying investments, and planning for healthcare costs. The conversation also delves into behavioral finance, highlighting how emotions can impact investment decisions. Joe provides insights on legacy planning and aligning financial decisions with personal values, encouraging listeners to seek professional advice for a secure retirement. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.
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Joe Murphy discusses the common fears and misconceptions surrounding retirement planning. He emphasizes the importance of having a comprehensive retirement plan, highlighting various traps that retirees often fall into, such as cashing out retirement accounts, overreliance on tax-deferred accounts, and lifestyle creep. Joe also addresses the significance of healthcare planning and the timing of Social Security claims, while stressing the need for effective communication with family regarding financial matters. The conversation aims to educate listeners on how to navigate the complexities of retirement and avoid costly mistakes. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.
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Joe Murphy discusses the importance of continuing to invest after retirement, addressing longevity risk, inflation, and the necessity of having an emergency fund. He emphasizes the need for personalized asset allocation strategies based on individual risk tolerance and time horizon. The conversation also covers the significance of social security timing, required minimum distributions, and planning for long-term care. Joe provides insights on dividend stocks as a hedge against inflation and evaluates the pros and cons of managed portfolios versus index funds. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.
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Joe Murphy discusses the significant impact of inflation on retirement planning, highlighting the rising costs of food, healthcare, and the challenges retirees face in maintaining their purchasing power. He emphasizes the importance of safe investment options, understanding social security adjustments, and strategies for inflation-proofing retirement. The conversation also covers emotional responses to market changes, the management of property ownership in retirement, and the necessity of clear communication about financial plans with family members. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.
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Joe Murphy discusses essential year-end financial strategies, including required minimum distributions (RMDs), tax loss harvesting, and the benefits of qualified charitable distributions (QCDs). He emphasizes the importance of Roth conversions, gifting strategies, and maximizing 401(k) contributions. The conversation also covers flexible spending accounts (FSAs), health savings accounts (HSAs), and creating guaranteed income in retirement through annuities and dividend stocks. Joe addresses the emotional aspects of retirement, navigating financial boundaries with adult children, and adjusting to lifestyle changes, ultimately guiding listeners to find purpose in their retirement years. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.
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Joe Murphy discusses the essential aspects of retirement planning, emphasizing the importance of proactive strategies to ensure financial security. Topics include the realities of healthcare costs, the implications of required minimum distributions, and the significance of social security timing. Joe also addresses the challenges of market volatility, the role of cryptocurrency in investment portfolios, and the necessity of estate planning. Throughout the conversation, he encourages listeners to plan ahead and communicate effectively with family regarding financial matters. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.
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Joe Murphy discusses the critical aspects of retirement planning, emphasizing the importance of having a tailored plan that considers longevity, healthcare costs, and social security. He highlights common misconceptions about social security and Medicare, the impact of inflation on retirement spending, and the significance of required minimum distributions and Roth conversions. The conversation also covers charitable giving strategies, portfolio management, and common retirement mistakes to avoid. Joe answers listener questions, providing insights into real-world retirement scenarios and the importance of proactive financial planning. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.
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Joe Murphy discusses the importance of planning for a long retirement, addressing longevity risk, inflation, and the emotional aspects of retirement planning. He emphasizes the need for multiple income streams, the significance of social security timing, and the necessity of having uncomfortable conversations about health and legacy planning. The episode also features listener questions that provide insights into practical financial strategies for retirement. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.
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After decades of building your wealth, are you ready to actually enjoy it? On this week’s Wealth Health Radio, Joe Murphy and Steve Sedahl dig into one of the most overlooked parts of retirement — decumulation — the art and science of spending what you’ve saved.
From withdrawal strategies to managing risk in volatile markets, Joe breaks down how retirees can make the transition from saving mode to spending mode without fear of running out of money. Learn why the real danger in retirement isn’t overspending — it’s underliving. This week’s show isn’t just about managing money — it’s about mastering your mindset for the retirement you’ve earned.
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Joe Murphy delves into various aspects of Social Security, including taxation, benefits, and strategies for maximizing retirement income. The hosts discuss the implications of the trust fund's status, spousal strategies, and the importance of understanding healthcare coverage before Medicare. They also explore reverse mortgages as a financial tool and highlight overlooked healthcare costs that retirees should plan for. Finally, the discussion touches on housing decisions for retirees considering relocation. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.
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Joe Murphy explores the multifaceted aspects of retirement, emphasizing that it is not solely about financial security but also about finding purpose, balance, and fulfillment. The speakers discuss the importance of aligning visions for couples, the role of faith and spirituality, and the necessity of creating a life plan alongside financial planning. They highlight the significance of managing time effectively, avoiding overscheduling, and embracing change as retirees transition into this new phase of life. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.
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Joe Murphy discusses the essential aspects of retirement planning, emphasizing the importance of preparation for the emotional and financial transitions that come with retirement. He explores the current market trends, particularly the AI bubble, and how they may affect retirees' investments. The conversation also covers the significance of healthcare costs, estate planning, and budgeting for travel in retirement. Joe highlights the need for a comprehensive income inventory and the psychological impacts of retirement, urging listeners to plan ahead to ensure a fulfilling and secure retirement. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.
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Joe Murphy discusses the critical aspects of retirement planning, focusing on the often-overlooked tax implications that retirees face. From Social Security taxation to Required Minimum Distributions (RMDs), Joe emphasizes the importance of strategic planning to minimize tax burdens and maximize retirement income. He also covers the impact of the Secure Act on inheritance, the benefits of Roth conversions, and the emotional aspects of estate planning. Listeners are encouraged to take proactive steps in their financial planning to ensure a secure and fulfilling retirement. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.
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Joe Murphy discusses the complexities of financial planning for late-life marriages, the impact of divorce on finances, and the importance of estate planning. He emphasizes the need for clear communication and planning to avoid financial pitfalls, especially regarding required minimum distributions (RMDs) and tax implications. The conversation also covers the significance of the funded ratio as a metric for retirement readiness and the necessity of planning for long-term care to protect assets. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.
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They grew up on mixtapes, weathered two market crashes, and now Gen X is staring down retirement with one eye on the future—and the other on the fine print. For those who’ve saved smartly, the next move isn’t grinding harder, it’s aligning strategically. How do you shift from being a saver to becoming a true steward of your wealth? That’s the conversation we’re having today. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.
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Joe Murphy kicks things off with a lighthearted look at retirement and why sometimes stepping away early is the smartest move you can make. With the theme “Retired early – because working late never suited me,” we explore the humor, wisdom, and life lessons that come from knowing when it’s time to trade the office clock for more freedom. It’s part storytelling, part insight, and all about making retirement feel less like an ending—and more like the start of something better. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.
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Joe Murphy discusses the importance of reviewing annuities in light of changing market conditions, particularly with rising interest rates. He explains how the 1035 exchange can be a valuable tool for transferring underperforming annuities without tax penalties. The conversation also covers the implications of required minimum distributions (RMDs) and presents a case study demonstrating effective RMD planning using annuities. Additionally, Joe highlights the recent changes in 401(k) plans allowing access to private equity and alternative investments, emphasizing the need for education and careful consideration in retirement planning. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.
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Joe Murphy discusses the critical tax issues retirees face and offers strategies for tax efficiency, including the benefits of Roth conversions. He emphasizes the importance of understanding retirement income taxation, planning for retirement decisions, and the psychological transition into retirement. The conversation also covers creating multiple income streams, managing 401(k) accounts, and navigating market corrections. Joe provides insights on the role of cash and short-term holdings in retirement stability, as well as strategies for maximizing Social Security benefits and executing Roth conversions effectively. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.
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Joe Murphy discusses the evolving landscape of retirement planning, challenging traditional advice and exploring new strategies. He delves into the mortgage payoff myth, the downsizing dilemma, and the implications of the recent Big Beautiful Bill, which offers significant tax benefits for middle-income Americans. Additionally, Joe emphasizes the importance of maximizing 401(k) contributions and provides insights on how to navigate these financial decisions effectively. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.
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Joe Murphy discusses the critical financial red flags that individuals often overlook as they approach retirement. They explore economic indicators, the impact of interest rate cuts on various asset classes, and the importance of budgeting and planning for retirement. The conversation also delves into the psychological aspects of transitioning into retirement, tax strategies, healthcare planning, and the unique challenges faced by business owners and Gen Xers. The hosts emphasize the need for proactive planning and education to ensure a secure financial future. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.
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Joe Murphy discusses the common financial mistakes that baby boomers make as they approach retirement, particularly focusing on Social Security and the importance of strategic planning. He emphasizes the need for a well-thought-out election strategy for Social Security benefits, the impact of taxes on retirement withdrawals, and the significance of understanding how divorce can affect Social Security benefits. Joe provides insights into when it might be beneficial to elect Social Security early and how to maximize benefits for both individuals and their spouses. The conversation highlights the importance of proactive financial planning to ensure a secure and fulfilling retirement. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.
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Joe Murphy discusses the importance of crisis-proofing retirement plans in light of unpredictable events such as market crashes, inflation, and healthcare costs. He emphasizes the need for emergency accounts, diversification, and personalized asset allocation strategies to ensure financial security in retirement. The discussion also highlights the impact of inflation on retirement income and the necessity of planning for healthcare expenses, particularly long-term care. In this conversation, Joe Murphy discusses the critical aspects of retirement planning, focusing on healthcare costs, long-term care, and the importance of flexible withdrawal strategies. He emphasizes the need for proactive planning to avoid unexpected financial burdens, particularly in healthcare. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.
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Joe Murphy discusses the often-overlooked assets that can significantly enhance retirement income. He emphasizes the importance of recognizing hidden financial gems such as life insurance policies with cash value, health savings accounts (HSAs), and collectibles. Joe explains how these assets can bridge income gaps, provide tax advantages, and serve as valuable resources for retirement planning. Through real-life examples and case studies, he illustrates how individuals can leverage these tools to secure a more comfortable retirement. Listener questions provide insights into evaluating investment fees and the importance of strategic financial planning, particularly regarding Roth conversions and annuities. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.
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Joe Murphy discusses essential financial truths for retirement planning. They emphasize the importance of having a financial plan, understanding the impact of inflation, navigating taxes, and the significance of required minimum distributions (RMDs). The conversation also touches on the need for proper planning to address longevity and the changing economic landscape, encouraging listeners to take proactive steps towards securing their financial future. The conversation also touches on the significance of long-term care insurance and the changing landscape of education and employment. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.
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Joe Murphy discusses the essential elements of retirement planning, focusing on the importance of health and financial peace of mind. The conversation delves into the three main spending phases of retirement: the go-go years, slow-go years, and no-go years, emphasizing the need for strategic planning to navigate these phases effectively. Joe also highlights the trends impacting retirement, including increased longevity and rising healthcare costs, urging listeners to prepare for the unexpected in their retirement journey. Additionally, they raise awareness about the increasing prevalence of financial scams targeting seniors and stress the importance of staying engaged and curious during retirement. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.
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Joe Murphy discusses the impact of market volatility on retirement planning, emphasizing the importance of adapting strategies to ensure financial security. He explores the benefits of working longer, the necessity of guaranteed income sources, and the need for dynamic spending adjustments in retirement. The conversation highlights the significance of financial education and proactive planning in navigating the complexities of retirement in today's economic climate. He concludes by evaluating the costs associated with different types of annuities and the importance of working with a financial advisor to navigate these complexities. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.
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Joe Murphy discusses the current economic landscape, focusing on the recent contraction of the US economy and its implications for retirees. He emphasizes the importance of understanding sequence of returns risk, especially during market downturns, and highlights the rising costs of healthcare and inflation as significant concerns for retirees. Joe also stresses the necessity of estate planning to ensure a smooth transfer of wealth and to avoid probate issues. Throughout the conversation, he provides practical strategies for navigating financial uncertainty and emphasizes the need for proactive planning. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.
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Joe Murphy discusses the current economic landscape, focusing on recession indicators, consumer behavior, and the importance of stress testing retirement plans. He highlights quirky economic signals like the lipstick index and cardboard box shipments, emphasizing the need for retirees to adapt their income strategies in a volatile market. Joe also provides insights on investment strategies to combat rising prices, including TIPS and dividend stocks, while stressing the importance of planning for longevity and inflation in retirement. Joe also shares tax strategies that can benefit retirees and stresses the importance of proactive planning to navigate potential economic downturns. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.
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Joe Murphy discusses the implications of tariffs and trade wars on retirement planning. He emphasizes the importance of understanding how these economic factors affect everyday expenses and investment portfolios, particularly for retirees. Insights from Jamie Dimon highlight the interconnectedness of global debt and inflation, while Joe stresses the need for proactive financial strategies, including reviewing retirement plans and maintaining cash reserves. The conversation also touches on the significance of having a solid relationship with financial advisors to navigate these uncertain times. Visit MWMFinancial.Tax to learn more.
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Joe Murphy discusses the impact of tariffs on retirement planning, emphasizing the importance of proactive strategies during market volatility. He reflects on historical market corrections, highlighting opportunities for investors to buy low and the significance of planning for retirement income. Joe encourages listeners to remain calm and consider strategies like Roth IRA contributions and conversions to navigate uncertain financial times effectively. The hosts encourage listeners to take proactive steps to protect their investments and ensure financial stability. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.
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Joe Murphy discusses the significant demographic shift known as Peak 65, where over 4 million Americans are expected to retire annually through 2027. He highlights the challenges retirees face, including a shortage of qualified financial advisors and rising healthcare costs. Joe emphasizes the importance of proactive retirement planning, including strategies like Roth conversions to manage taxes and healthcare expenses effectively. The conversation also touches on the impact of inflation on retirement savings and the necessity of comprehensive financial planning to ensure a secure retirement. The episode concludes with listener questions, providing tailored advice on various financial scenarios. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.
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Joe Murphy discusses the implications of the Japanese carry trade, the risks associated with adjustable rate mortgages, strategies for Roth conversions, the complexities of single premium immediate annuities (SPIAs) in legacy planning, and the benefits of annuities in retirement planning. Each topic is explored in depth, providing listeners with valuable insights into navigating their financial futures amidst changing economic conditions. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.
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Joe Murphy discusses the essential steps to replace your paycheck in retirement. He emphasizes the importance of planning, budgeting for expenses, understanding healthcare costs, and assessing your financial situation. Joe also covers withdrawal strategies, creating multiple income streams, and the role of dividends and annuities in retirement planning. The conversation highlights the need for a comprehensive approach to ensure financial security in retirement. The conversation also touches on the critical issue of national debt and the need for fiscal responsibility, highlighting the potential consequences of overspending and the importance of cutting government expenditures. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.
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Joe Murphy discusses a revolutionary proposal for a national retirement savings program put forth by Zach Buchwald, CEO of Russell Investments. They explore the implications of this proposal, comparing it to existing systems in Australia and the Netherlands, and delve into the complexities of retirement planning in the U.S. The conversation also touches on the importance of financial education, the impact of government spending on retirement, and the potential role of gold and silver in retirement planning. The conversation shifts to investment strategies, particularly focusing on gold and silver as potential hedges against inflation, while emphasizing the importance of education in making informed financial decisions. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.
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Joe Murphy and Steve Sedahl discuss the implications of Trump-era tariffs on inflation and the economy, emphasizing the importance of understanding these policies for retirees. They explore the potential benefits and drawbacks of tariffs, particularly in relation to energy prices and domestic production. The conversation shifts to the rising value of gold and the healthcare sector's reliance on foreign ingredients, highlighting the need for strategic investment decisions. Finally, the hosts address the critical topic of estate planning, stressing the importance of having a will and the consequences of neglecting this essential aspect of financial planning. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.
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Joe Murphy and Steve Sedahl delve into the world of exchange-traded funds (ETFs) and mutual funds, highlighting their differences, advantages, and how they can be utilized for retirement planning. Joe explains the significance of understanding the nuances between various ETFs, including dividend and bond market ETFs, and emphasizes the importance of tax efficiency and low expense ratios. The discussion also covers popular ETFs like Vanguard's VIG and Schwab's SCHD, as well as the Invesco QQQ, showcasing how these investment vehicles can provide diversification and potential returns for investors. He delves into the topic of tariffs, explaining their definition, purpose, and the economic implications they carry, especially in relation to American manufacturing and consumer prices. He emphasizes the need for listeners to stay informed and proactive in their financial planning amidst these economic changes. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.
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Joe Murphy discusses the critical concept of risk tolerance in retirement planning and investment strategies. He emphasizes the importance of understanding individual risk tolerance, which can change over time due to various factors such as age, income, investment experience, and personal goals. Joe also explores the emotional cycle of investing, highlighting how emotions like greed and fear can impact investment decisions. He concludes by discussing strategies for managing risk in investment portfolios and the importance of regular assessments to align investments with clients' goals. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.
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Joe Murphy emphasizes the importance of budgeting as a foundational element of financial health, especially for younger clients. He discusses strategies for maximizing retirement contributions and the benefits of tax loss harvesting. The conversation highlights the need for financial literacy and disciplined saving to achieve long-term financial security. Joe Murphy discusses essential financial planning strategies for 2025. Joe emphasizes the need for proactive financial management and the benefits of working with a financial advisor to navigate these complexities. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.
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Joe Murphy discusses the common missteps people make when saving for retirement. He emphasizes the importance of starting early, understanding investment risks, and having a solid emergency fund. The conversation also covers the rising costs of healthcare and the need for a comprehensive retirement plan. Joe provides actionable strategies for listeners to catch up on their savings and prepare for a secure financial future. They also touch on the current market conditions and the importance of having a solid financial plan. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.
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Joe Murphy delves into the significant wealth held by Baby Boomers and the importance of effective estate planning to ensure that this wealth is preserved and transferred efficiently to future generations. The discussion highlights the challenges posed by changing tax laws, healthcare costs, and the need for strategic planning to mitigate potential losses. The Rockefeller method is contrasted with the Vanderbilt legacy to illustrate the impact of planning on wealth retention. The conversation also covers income planning amid market volatility, the management of real estate wealth, and charitable giving strategies that can provide tax benefits while supporting causes important to individuals. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.
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Joe Murphy discusses the importance of adaptability in retirement planning, especially in light of the gig economy's rise. He emphasizes the need for flexible retirement strategies to accommodate unexpected expenses and changing lifestyles. The conversation covers various retirement savings options for gig workers, the significance of diversifying income streams, and the necessity of building a financial buffer to protect against unforeseen circumstances. Joe also highlights the importance of strategic investment and staying invested in the market to ensure long-term financial security. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.
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Joe Murphy discusses strategies for reviving retirement savings, the importance of understanding investment movements, and maximizing employer contributions. They delve into the significance of IRAs, catch-up contributions under the Secure Act 2.0, and the necessity of managing debt and establishing emergency savings. The conversation emphasizes the importance of financial planning and taking proactive steps towards a secure retirement. Listener questions provide practical insights into saving strategies and investment diversification. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.
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Joe Murphy explores the implications of artificial intelligence (AI) in retirement planning. They discuss the potential benefits and limitations of AI in providing financial advice, emphasizing the importance of human judgment and trust in financial decision-making. The conversation highlights the need for personalized financial planning and the risks of relying solely on AI-generated advice. The hosts also draw parallels between AI and historical figures like Katherine Johnson, who exemplified the value of human expertise in critical calculations. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.
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Joe Murphy explores the implications of artificial intelligence (AI) in retirement planning. They discuss the potential benefits and limitations of AI in providing financial advice, emphasizing the importance of human judgment and trust in financial decision-making. The conversation highlights the need for personalized financial planning and the risks of relying solely on AI-generated advice. The hosts also draw parallels between AI and historical figures like Katherine Johnson, who exemplified the value of human expertise in critical calculations. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.
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Joe Murphy and Paul Payne delve into the intricacies of life insurance, particularly focusing on the benefits of cash value in permanent policies and the importance of planning for long-term care. They discuss how life insurance can serve multiple purposes beyond just providing a death benefit, including tax-free income and financial independence. The conversation emphasizes the need for education in understanding life insurance products and the potential pitfalls of traditional long-term care insurance. Paul shares innovative strategies for utilizing life insurance to protect against long-term care costs, highlighting the importance of customizing insurance plans to fit individual needs and circumstances. Call or text 800-930-5905. Visit MWMFinancial.Tax.
Visit Payne Financial Solutions to learn more.
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In this episode of Wealth Health Radio, Joe Murphy and Steve Sedahl delve into the complexities of IRAs and Medicare. They discuss the differences between traditional and Roth IRAs, the importance of planning for retirement, and the nuances of Medicare, including parts A, B, and D. Special guest Jon Shurr provides insights into Medicare options, open enrollment, and the differences between Medicare Advantage plans and supplements. The conversation emphasizes the need for strategic planning and the value of working with knowledgeable professionals in navigating these financial landscapes. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.
Visit Shurr Insurance to learn more about Medicare.
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On a new episode of Wealth Health Radio with Joe Murphy, Joe explores the latest from the Federal Reserve and explores the impacts of the latest decision regarding interest rates, outlining how they might affect you on your retirement planning journey. Joe covers the different pieces of “advice” to challenge when planning for retirement and how to recognize the red flags you may encounter along the way to get to your desired goal in planning your financial future–focusing on the myths surrounding spending in retirement. Murphy takes a spin in different retirement planning vehicles and finds their vehicular counterparts to help ensure you have a smooth road to retirement.
Call Joe, Amber and the team at Murphy Wealth Management at 800-930-5905 or visit MWMFinancial.tax for more information.
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Joe Murphy discusses the importance of financial planning and the need for a thorough 'deep cleaning' of one's financial situation, especially as retirement approaches. He emphasizes the significance of understanding interest rate changes, decluttering financial accounts, rebalancing investment portfolios, and preparing for unexpected expenses. The conversation also touches on the balance between frugality and necessary spending, the importance of healthcare planning, and the value of professional financial advice. Additionally, Joe highlights property tax considerations for Illinois residents, particularly seniors, and the importance of taking advantage of available exemptions. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.
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In this Halloween special episode Joe Murphy and Steve Sedahl explore the spooky financial fears that can haunt retirement planning. They discuss various financial 'ghouls' such as zombie stocks, hidden fees, and the demons of poor financial decisions. The conversation also covers the risks of inflation, healthcare costs, long-term care, and the sequence of returns risk that can impact retirement savings. The hosts emphasize the importance of having a solid financial plan to navigate these challenges and prepare for potential market changes, including upcoming rate cuts. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.
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Joe Murphy discusses various weather-related events and how they relate to retirement planning. They cover topics such as the risks of retirement, the importance of diversification, the impact of inflation, and the need to plan for long-term care. They also offer advice on how to protect oneself from these risks and provide information on how listeners can get in touch with Joe for further assistance. In this conversation, Joe and Steve discuss the importance of working with a financial advisor and the benefits it can bring. They highlight the accountability, expertise, and access to resources that an advisor provides. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.
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Joe Murphy discusses the psychological phases of retirement, as described by author Riley Moynes. The four phases are: the vacation phase, the feeling lost phase, the trial and error phase, and the reinvent and rewire phase. The hosts emphasize the importance of planning for retirement, both financially and psychologically, to ensure a smooth transition and a fulfilling retirement. They also discuss the need for purpose and a sense of belonging in retirement, as well as the importance of health and maintaining a routine. The conversation concludes with a reminder to start planning for retirement as early as possible. Joe highlights the significance of tax efficiency and the role of a financial advisor in helping clients navigate the complexities of the tax code. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.
The Four Phases of Retirement: What to Expect When You're Retiring by Riley Moynes.
Riley Moynes Ted Talk mentioned in the show.
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Joe Murphy and estate planning attorney Brian Less discuss the Fed's annual economic conference in Jackson Hole and the implications of the Fed's rate cut cycle. Brian also explains the difference between a will and a trust, highlighting the benefits of a trust in avoiding probate and providing more control over assets. The conversation then shifts to long-term care planning and Medicaid asset protection trusts, with Brian explaining the options available to protect assets in the event of long-term care needs. Overall, the conversation emphasizes the importance of planning ahead and seeking professional advice to protect assets and ensure that final wishes are carried out.
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Joe Murphy discusses the seven habits of highly effective people and retirement readiness. They emphasize the importance of accurate information and planning for retirement, using tools like calculators and budgeting. They also discuss the timeless wisdom found in self-help books and the value of gaining knowledge and perspective. The conversation then transitions to the lessons learned from the worst market crash in American history, highlighting the importance of understanding risk, diversification, and the need for liquidity. They also touch on the psychological preparedness needed for retirement and the significance of having a solid foundation in financial planning. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.
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In this episode of Wealth Health Radio, Joe Murphy discusses the topic of Roth conversions. He explains the benefits of a Roth IRA, such as tax-free growth and no required minimum distributions (RMDs). He also highlights the importance of considering future tax changes and the potential impact on retirement savings. Joe discusses the process of a Roth conversion and the need for careful planning and understanding of the rules. He also touches on higher-end strategies like the backdoor Roth and the mega backdoor Roth. The episode concludes with a discussion on the pro rata rule and the importance of consulting with a financial advisor for personalized advice.
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The conversation covers market update and pre-planning steps for near-term retirees. The market experienced whipsaw action, causing some panic selling by the general public, while institutions bought the dip. Warren Buffett's decision to unload 50% of his Apple stock raised eyebrows. The conversation also delves into the concept of carry trades and the potential risks associated with them. The importance of a financial review, managing debt, and planning for healthcare expenses in retirement is emphasized. The episode concludes with a discussion on Social Security and the remaining steps for pre-retirees. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.
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In this episode of Wealth Health Radio, Joe Murphy discusses the topic of Roth conversions. He explains the benefits of a Roth IRA, such as tax-free growth and no required minimum distributions (RMDs). He also highlights the importance of considering future tax changes and the potential impact on retirement savings. Joe discusses the process of a Roth conversion and the need for careful planning and understanding of the rules. He also touches on higher-end strategies like the backdoor Roth and the mega backdoor Roth. The episode concludes with a discussion on the pro rata rule and the importance of consulting with a financial advisor for personalized advice.
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In this episode of Wealth Health Radio, Joe Murphy discusses the five critical pillars of retirement planning. The first pillar is income, which is essential for maintaining the desired lifestyle in retirement. Joe emphasizes the importance of diversifying income streams to mitigate risks. The second pillar is expense management, which involves understanding current and future expenses and planning for rising prices and inflation. The third pillar is investment management, where Joe highlights the need to generate income while minimizing risk. The fourth pillar is legacy planning, which involves considering the financial support of children and grandchildren. The fifth pillar is tax efficiency, where Joe emphasizes the importance of tax planning to maximize income and minimize tax liabilities. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.
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In this episode of Wealth Health Radio, Joe Murphy and Steve Sedahl discuss various topics including the market update, the Trump assassination attempt, and the appointment of JD Vance as Trump's VP. They also delve into the concept of speculative bubbles, using examples from history such as the dot-com bubble and the housing bubble. Joe warns listeners to be cautious when investing in speculative assets like AI stocks. The episode concludes with a discussion on inflation, shrinkflation, stagflation, and the importance of proactive preparation. In this conversation, Joe and Steve discuss the topics of inflation, stagflation, shrinkflation, and upflation. They explore the short-term and long-term impacts of inflation, including the erosion of savings and investments. The conversation concludes with a discussion on the recent political events and the importance of unity and understanding in the country. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.
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In this conversation, Joe Murphy discusses the risks that retirees face and the importance of hedging against those risks. He highlights five major risks: social security reduction, health impairment, market risk, longevity risk, and legacy shortfall. Joe emphasizes the need for retirees to plan ahead and hedge against these risks to ensure a successful retirement. He introduces an innovative annuity account that offers protection against these risks and provides enhanced benefits. Joe also discusses the importance of finding the right financial advisor who can address individual concerns and provide comprehensive financial planning. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.
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In this episode of Wealth Health Radio, Joe Murphy and Steve Sedahl discuss various topics, including current events, interest rates, bank stress tests, and lessons from Warren Buffett's investor playbook. They emphasize the importance of understanding the impact of current events on retirement planning and the need for patience and discipline in investing. They also highlight Warren Buffett's quotes on investing and the value of making smart choices over time. The episode concludes with an offer for listeners to schedule a complimentary 15-minute phone call with Joe Murphy to discuss their financial situation. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.
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In this conversation, Joe Murphy and Steve Sedahl discuss the petrodollar agreement and its impact on the global economy. They explore the history of the petrodollar, starting with the Bretton Woods agreement in 1944, which established fixed exchange rates and pegged currencies to the US dollar. They explain how the petrodollar system emerged, with Saudi Arabia agreeing to sell oil only in US dollars and invest excess dollars in US treasuries. They also discuss the potential threats to the petrodollar system and the implications for the US economy. The discussion highlights the importance of being aware of these geopolitical events and their potential impact on the value of the US dollar.
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The conversation covers the proposed changes to taxation and retirement planning under President Biden's 2025 budget. The focus is on the potential impact of these changes on individuals and corporations. The discussion highlights the potential for higher taxes on higher income earners and the negative consequences of raising corporate taxes. The conversation also touches on the importance of planning for required minimum distributions (RMDs) and the potential changes to the full retirement age (FRA). Visit MWM Financial to learn more.
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The conversation covers significant changes in retirement planning, including the impact of crypto regulations, technical glitches in the stock market, the transition from defined benefit plans to defined contribution plans, and changes in required minimum distributions. It also discusses strategies for maximizing retirement income and the implications of increased contribution limits, target date funds, FinTech innovations, and longevity planning. The hosts discuss the struggles of the middle class, the significance of inflation, and the need for a fair economic playing field for all Americans. The conversation provides valuable insights into financial management and planning for the future. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.
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The conversation covers the topic of retirement planning, financial regrets, and the role of annuities in retirement income planning. It emphasizes the importance of early retirement planning and the impact of inflation and market volatility on retirement savings. The discussion also delves into the different types of annuities and their suitability for retirement income strategies. The conversation emphasizes the importance of planning, tax efficiency, and optimizing retirement benefits. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.
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In this conversation, Joe Murphy discusses the financial and economic stories that are causing concern and confusion. They analyze a documentary called 'Finding the Money' and share clips from an interview with Jared Bernstein, Chair of the United States Council of Economic Advisers. They discuss the concept of modern monetary theory and its implications for the economy. They also debate the validity of the 4% rule in retirement planning and offer an alternative approach using a split concept. Overall, they emphasize the importance of understanding the complexities of the financial system and making informed decisions. The conversation concludes with an offer for a complimentary review of individual circumstances. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.
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The conversation covers the topic of retirement planning, financial regrets, and the role of annuities in retirement income planning. It emphasizes the importance of early retirement planning and the impact of inflation and market volatility on retirement savings. The discussion also delves into the different types of annuities and their suitability for retirement income strategies. It also explores important milestones such as age 50, 55, 59 and a half, 62, 67, 70, 70 and a half, and 73, discussing their significance in retirement planning, Social Security, RMDs, and QCDs. The conversation emphasizes the importance of planning, tax efficiency, and optimizing retirement benefits. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.
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There are plenty of questions about retirement planning. Like how much income do I need, or will it really cost 300-thousand dollars in healthcare when I retire. We’ll answer some of the most common questions pre-retirees ask advisors on today’s show. In addition, If you think you don’t have to worry about long term care, think again. Typically, women need long term care longer (3.7 years, on average) than men (2.2 years). And while about one-third of people who are 65 may never need long-term care, 20% will need it longer than five years. Are you prepared? Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.
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Joe Murphy discusses various financial topics, including the importance of tax efficiency in retirement planning, the potential impact of stagflation on the economy, the challenges faced by small businesses, and the strategies for building steady income in retirement. He also addresses questions about managing an individual retirement account (IRA), investing in precious metals, and the legitimacy of gold IRAs. The conversation provides valuable insights and advice for listeners seeking to make informed financial decisions. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.
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In this conversation, Joe Murphy and Steve Sedahl discuss eight things to know when beginning retirement savings in your 50s. They cover topics such as catch-up contributions, compounding interest, reassessing retirement age, downsizing or relocating, maximizing Social Security, healthcare costs, and debt reduction. They emphasize the importance of planning and making informed decisions to improve retirement outcomes. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.
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In this conversation, Joe Murphy discusses the potential impact of the Tax Cuts and Jobs Act (TCJA) sunsetting in 2026 and how it can affect tax rates. He explains the concept of Roth conversions as a strategy to take advantage of current tax rates before they potentially increase in the future. Joe also discusses the factors to consider when deciding whether a Roth conversion is a good idea, such as income level, tax bracket, and future retirement plans. He emphasizes the importance of tax planning and working with a financial advisor to make informed decisions. The conversation also touches on other topics such as IRA contributions, investment allocation, and Social Security. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.
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In this episode, Joe Murphy discusses the impact of inflation on retirement planning. He explains how inflation works and the decrease in purchasing power it causes over time. He emphasizes the importance of planning for inflation and diversifying investments to mitigate risk. Joe also highlights the need for an emergency fund and the role of a financial advisor in navigating the current volatile market. They explore the historical context of rate cuts and the risks associated with cutting rates too quickly. They also emphasize the importance of reviewing investment allocations and considering diversification to protect retirement assets. The conversation then shifts to the topic of charitable giving and strategies for maximizing tax efficiency. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.
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In this conversation, Joe and Steve discuss various financial topics, including the national debt, retirement planning, and investing options. They emphasize the importance of addressing the national debt and holding the government accountable for its spending. They also provide insights on retirement planning, suggesting that retirement is more about income than age and discussing the benefits of annuities and combining 401k plans. The conversation concludes with a Q&A session, where they answer questions about investing options and Social Security. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.
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The conversation highlights the importance of reliable information in the financial industry, especially in the age of social media. It warns against scams and misinformation that can be spread through platforms like TikTok. The need for financial education is emphasized, particularly in schools, to empower individuals to make informed decisions. The discussion also touches on the balance between regulation and censorship in the digital space. The impact of social media on society and the dangers of unregulated content are explored. The conversation concludes with advice on retirement planning, including 401(k) rollovers and strategies for long-term savings. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.
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The financial wellness of the economy is a common concern among Americans. The Federal Reserve is playing a waiting game on rate cuts, considering factors such as inflation and market volatility. The concept of a soft landing, avoiding a recessionary GDP backtracking, is discussed. The Fed's guessing game and the concept of super core inflation are explored. The rising credit card debt and financial struggles of Americans are highlighted. The importance of financial literacy and the need for financial planning and retirement readiness are emphasized. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.
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In this episode, Joe Murphy discusses the taxation of various sources of income in retirement. He debunks the misconception that there are no taxes in retirement and highlights the importance of tax planning. Joe explains how Social Security benefits, pensions, interest-bearing accounts, dividends, and retirement accounts are taxed. He also emphasizes the tax benefits of life insurance proceeds and provides insights into the taxation of annuities and home sales. Additionally, Joe encourages listeners to create a bucket list and shares the significance of incorporating personal growth goals into retirement planning. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.
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Celebrities often face financial challenges that require the assistance of a financial advisor to help manage their wealth and long-term financial stability. In this episode, Joe Murphy and Steve Sedahl discuss cautionary tales from Hollywood, including the financial mistakes of celebrities like Steve McNair and Billy Joel. They also explore the You Earned It, You Keep It Act, which proposes revisions to social security. Additionally, they discuss a Medicare fraud scheme and the importance of tax planning, estate planning, and asset allocation in retirement. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.
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Joe Murphy and Steve Sedahl engage in casual conversation and emphasize the value of open communication. They discuss the recent Labor Department jobs report and question the accuracy of government data. The conversation shifts to the uncertainty in the global economy and the need for careful decision-making. They address the challenge of getting spouses involved in financial planning and caution against strong-arm tactics. The hosts conclude by offering an introductory call for listeners to discuss their concerns and retirement planning in the current economic environment. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.
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In this episode of Wealth Health Radio, Joe and Steve discuss the parallels between football and retirement planning. They cover offensive strategies such as understanding goals, budgeting, learning about different investment vehicles, diversifying among asset classes, and building wealth. They also discuss defensive strategies including preventing gaps in your plan, having an emergency fund, and creating an estate plan. Additionally, they touch on special teams strategies such as managing charitable giving and planning for Social Security. The episode concludes with a discussion on building a game plan for retirement success. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.
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On today's show, Joe Murphy discusses important considerations for building a modern, holistic, and personalized retirement plan. The conversation covers topics such as determining enough for retirement, inventorying accounts and taxation, moving 401k to personalized IRA, understanding Social Security, utilizing health savings accounts (HSAs), choosing health insurance, using annuities for retirement income, reviewing budget and spending plan, considering Roth conversions, spending money from various accounts, maintaining asset allocation, paying off mortgage and estate planning, upgrading car or home maintenance, changing 529 beneficiaries, managing RMDs and taxable income, and analyzing Bitcoin and Jamie Dimon's comments. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.
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On this episode of Wealth Health Radio, Joe Murphy discusses various topics related to retirement planning and unexpected life events. The conversation covers boomerang kids and the sandwich generation, downsizing and managing expenses, taxes in retirement, Hertz selling its EV fleet, saving for retirement and overlooking important factors, wealth transfer and estate planning, retirement benefits and portfolio composition, income planning, and sequence of returns. Joe Murphy and Steve Sedahl also answer questions from listeners about protecting principal in retirement, investment options for Roth IRAs, and Roth IRA conversions. That and much more on Wealth Health Radio with Joe Murphy. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.
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A new year with new resolutions. The question is, how long will they last. Joe Murphy has some ways you can execute and succeed at improving your finances and reaching your financial planning goals in 2024. Do you know your Social Security risk score? Joe can help you find out. That and much more on Wealth Health Radio with Joe Murphy. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.
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To kick off 2024 Joe Murphy breaks down some strategies on helping you get to retirement. Topics include: longevity risk, healthcare costs, overestimating investment income and being too conservative with your investments. That and much more on Wealth Health Radio with Joe Murphy. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.
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You know about what it costs to run your household on a monthly basis and you know you should be padding that emergency fund. But are you? It’s the little things that can cause the biggest problems in retirement. Joe Murphy outlines how to avoid costly mistakes and get your financial health in order for 2024. That and more on this episode of Wealth Health Radio with Joe Murphy. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.
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As we enter 2024, it's crucial to assess your budget, debt, and investments in alignment with your financial objectives. To help kickstart the process Joe Murphy has put together steps to help you get started. That and more on this episode of Wealth Health Radio with Joe Murphy. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.
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Turning 50 puts you firmly in the financial red zone. There are also benefits to turning another year older. Joe Murphy digs into the most common perks that kick in once you turn 50, 59 1/2 and 65. There’s plenty of talk about the future of Social Security and Joe has an opportunity for you to see if you could be subject to a reduction in your benefit. That and more on this episode of Wealth Health Radio with Joe Murphy. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.
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If you’re in the ‘financial red zone’—that’s five to ten years away from retirement, it’s more important than ever to make sure your plan is in place. Joe Murphy has some tips to help shore up that game plan to help you score big in retirement. Joe gives you an opportunity to get your own Social Security risk score. That and more on this episode of Wealth Health Radio with Joe Murphy. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.
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A new report graded the retirement systems of countries across the world and America earned a C+...Joe Murphy shows how you can build an A+ retirement plan. Worried about Social Security being there for you? Joe gives you an opportunity to get your own Social Security risk score. He talks about the Robert Shiller book Narrative Economics and how emotions can move the market. The rules for RMD’s have changed. Joe outlines what’s different this year and going forward. That and more on this episode of Wealth Health Radio with Joe Murphy. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.
Here's a link to Narrative Economics by Robert Shiller
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There are many reasons why folks forgo working with a financial professional. Joe Murphy breaks down 10 of the most common reasons folks resist professional help while building their financial plans and explain exactly how a financial advisor would be able to help. That and more on this episode of Wealth Health Radio with Joe Murphy. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.
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According to a recent Northwestern Mutual study, close to half of respondents said the lack of retirement savings are responsible for their financial instability. Joe Murphy dives into the particulars and offers tips to help you navigate the road to retirement with security and stability. That and more on this episode of Wealth Health Radio with Joe Murphy. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.
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How secure is Social Security and how long can it last? Questions that Joe Murphy tackles head on this week. What is your Social Security Risk Number? Joe explains what this might mean down the line and gives you a chance to find out where you stand. That and more on this episode of Wealth Health Radio with Joe Murphy. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.
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So many folks are worried about factors like inflation and market volatility putting their retirement nest egg in jeopardy. Today, Joe Murphy is going to help ease your concerns and have a little fun by playing Financial Jeopardy, bringing you facts and tips along the way. You don’t want to miss this one. That and more on this episode of Wealth Health Radio with Joe Murphy. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.
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According to a recent Gallup poll 25% of those polled said they would retire by 65. However 39% say they’ll retire after the so-called ‘magic number'. Joe Murphy outlines some reasons why folks are delaying their retirement. He also offers some tips to help you get to your ‘magic number’. That and more on this episode of Wealth Health Radio with Joe Murphy. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.
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This week Joe Murphy is joined by Attorney Brian Less. Join them for a frank conversation about estate planning. Does everyone need a will? What about a trust? Joe and Brian take a deep dive into the ins and outs of estate planning and offer some tips to help you create the right plan for you. That and more on this episode of Wealth Health Radio with Joe Murphy. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.
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This week Joe Murphy calls on Warren Buffet for a little investing advice. He’ll go over his two simple rules for investing. Joe also outlines three case studies to help show how a plan can come together in nearly every situation. Joe returns to the hot seat with a fresh batch of questions from listeners in a brand new edition of 'Ask The Advisor.' That and more on this episode of Wealth Health Radio with Joe Murphy. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.
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Joe Murphy kicks off the show discussing the stunning decline in retirement confidence and how to regain control and restore the confidence in your retirement. Joe discusses financial procrastination and shares tips to help guide you on the road to retirement. Murphy shares the secret to finding financial freedom and shares a few jaw-dropping retirement stats. And as always, Joe is back in the hot-seat for a new edition of Ask The Advisor.' That and more on this episode of Wealth Health Radio with Joe Murphy. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.
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There are plenty of questions about retirement planning. Like how much income do I need, or will it really cost 300-thousand dollars in healthcare when I retire. Joe Murphy answers some of the most common questions pre-retirees ask advisors on today’s episode of Wealth Health Radio. Joe returns to the hot seat with a fresh batch of questions from listeners in a brand new edition of 'Ask The Advisor.' That and more on this episode of Wealth Health Radio with Joe Murphy. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.
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Joe Murphy is back on Wealth Health Radio and he’s got football on his mind. The correlation between football and retirement planning is clear. He digs into some offensive moves including creating a budget to build wealth. On the defensive side, preventing gaps in your plan among other tips. Joe returns to the hot seat with a fresh batch of questions from listeners in a brand new edition of 'Ask The Advisor.' That and more on this episode of Wealth Health Radio with Joe Murphy. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.
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Saving for retirement takes discipline and sacrifice. This week Joe Murphy explores a number of quotes that could inspire you to keep the discipline and embrace the sacrifice. The quotes are coming from unexpected sources. He also explain what ‘Peak 65’ means and how it could impact you in 2024. Joe returns to the hot seat with a fresh batch of questions from listeners in a brand new edition of 'Ask The Advisor.' That and more on this episode of Wealth Health Radio with Joe Murphy. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.
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On a new wealth health radio with Joe Murphy explores the past week of financial news and offers tips to help you escape an inflationary scourge from eroding your retirement dollars. Joe dives into some data to explore a tale of two generations and how Baby Boomers and Generation X-ers are preparing for retirement. Joe returns to the hot seat with a fresh batch of questions from listeners in a brand new edition of 'Ask The Advisor.' That and more on this episode of Wealth Health Radio with Joe Murphy. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.
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Today Joe Murphy highlights the most common questions folks have about retirement. Then bring on the bells and whistles as we play “Who Wants to be A Retirement Millionaire”. Joe is in the hot seat and answers questions in hopes of walking away with a million bucks…at least in theory. Did he use his lifelines? You don’t want to miss this. That and more on this episode of Wealth Health Radio with Joe Murphy. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.
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Sometimes it’s the little things that can make the biggest difference. This week Joe Murphy highlights some simple things you can do to help you save more that can help you have the kind of retirement you deserve. Joe talks about the Tax Cuts and Jobs Act and what happens when the current tax rules sunset. That and more on this episode of Wealth Health Radio with Joe Murphy. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.
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High interest rates, volatile markets and recession talks could be standing between you and the retirement you planned for. Some easy adjustments could make all the difference. That and more on this episode of Wealth Health Radio with Joe Murphy. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.
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A special edition of Wealth Health Radio with Joe Murphy. Joe talks with Dennis Loxton about reverse mortgages. Loxton has more than 20 years in the financial services industry and has been working with reverse mortgages since 2005. Is a reverse mortgage right for you? Joe and Dennis break it all down and go through the pros and cons. That and much more on Wealth Health Radio. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more. Visit Dennis Loxton to learn more.
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Understanding your risk tolerance is important, particularly as you get closer to retirement. Some folks may in fact have a high tolerance for risk, but their capacity for risk is lower. Some people get so caught up in accumulating money that they forget to protect what they have as they approach retirement. Joe Murphy takes a deep dive. That and much more on Wealth Health Radio. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.
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Did you know there were over ninety new retirement planning provisions introduced upon the passing of the SECURE Act 2.0? Joe Murphy takes a deep dive into the legislation and exactly how these adjustments will impact retirees and preretirees. That and much more on Wealth Health Radio. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.
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There are a variety of reasons folks hesitate to speak with a professional financial advisor about their financial situation. Today, Joe Murphy dives into some of the common concerns, misconceptions and myths preventing folks from creating that lifetime income plan with a retirement coach. That and much more on Wealth Health Radio. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.
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Maybe you’re someone who plans everything to the smallest detail or maybe you just kind of let things happen. Either way retirement is approaching. Let’s outline some things you should do before you retire. Spoiler alert, you gotta have a plan. Joe Murphy has some suggestions that could help you get the kind of retirement you’ve always wanted. That and much more on Wealth Health Radio. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.
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Among the topics that spark disagreements among couples, money tops the list. A recent survey found that nearly 7 in 10 Americans married or living with a partner have had a disagreement with their partner about finances within the last year alone. So, in an effort to help ease the tension surrounding conversations about money with your partner, Joe Murphy covers the fundamentals of financial planning for couples. That and much more on Wealth Health Radio. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.
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Joe Murphy and Insurance Planning Specialist, Kim Wiseman discuss 529 College Savings Plans and IUL, (Indexed Universal Life Insurance). Is one better than the other for college savings? Joe and Kim break it down and offer suggestions that could help you decide if one or the other is right for you. Joe opens the show with an overview of today’s market and where it could be headed. That and much more on Wealth Health Radio. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.
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Joe Murphy opens the show with an analysis of today’s market conditions and offers insight to what could happen going forward. Then he digs into some ways that retirees could be wasting money and offers some tips to help avoid the problem. That and much more on Wealth Health Radio. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.
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The show starts with a broad overview of what’s going on in the market, interest rates and inflation. It then shifts into a game show called two retirement truths and a lie. Joe says retirement is all about creating lasting, sustainable income in retirement. He’s got some suggestions on how to help you achieve that and more. That and much more on Wealth Health Radio. Call or text 800-930-5905. Visit MWMFinancial.Tax
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First, we take to the streets and ask regular folks how they are preparing for retirement. Some interesting responses. Then we introduce Paul Payne, Owner/President, Payne Financial Solutions. Joe and Paul dig into life insurance, what it is, what it isn’t and how it could be part of your retirement plan. That and much more on Wealth Health Radio. Call or text 800-930-5905. Visit MWMFinancial.Tax
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From the talking heads on TV, to that one coworker who knows everything, to your second cousin who’s uncle is a bank teller. Everybody has retirement advice. What do you think? We took to the streets and asked regular folks about retirement and how they are preparing. That and much more on Wealth Health Radio. Call or text 800-930-5905. Visit MWMFinancial.Tax
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If there is one thing that Hollywood knows, it’s money. On today’s show, we are covering some iconic cinematic examples of what to do, and more importantly, what NOT to do when it comes to your finances. That and much more on Wealth Health Radio. Call or text 800-930-5905. Visit MWMFinancial.Tax
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This week Joe Murphy brings you some of the most searched financial planning questions and answers every one of them...in two minutes or less.
Murphy breaks down the importance of the decumulation phase and how to get you to and through retirement. That and much more on Wealth Health Radio.
Get in touch with Joe Murphy by call or text at 800-930-5905 & online at MWMFinancial.Tax.
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This week Joe Murphy takes a deep dive into just what ESG is and how it could affect your retirement plan. That and much more on Wealth Health Radio. Call or text 800-930-5905. Visit MWMFinancial.Tax
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The recent bank failure, along with wild swings in the market and rising interest rates have many pre-retirees and retirees running for the hills. Come on back down. Today we’ll cut through the noise and calm the fears. That and much more on Wealth Health Radio. Call or text 800-930-5905. Visit MWMFinancial.Tax
Here's the link to Frontline special The Age of Easy Money
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Joe breaks down the Silicon Valley Bank failure and how it could affect us in the long term. Then he shifts gears and talks about what it takes to get all the way through retirement with enough money. That and much more on Wealth Health Radio. Call or text 800-930-5905. Visit MWMFinancial.Tax
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In planning for retirement there are many strategies that can help shape your income. If maintaining your current lifestyle is a goal of yours, stick around. On today’s show we’ll outline several ways to find the best retirement income that help you achieve your goals. That and much more on Wealth Health Radio. Call or text 800-930-5905. Visit MWMFinancial.Tax
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As we drive down the road to retirement, maximizing our savings and continuing to grow the nest egg is always on the mind. This week, eight places you can stash your savings with some offering guaranteed growth. That and much more on Wealth Health Radio. Call or text 800-930-5905. Visit MWMFinancial.Tax
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Saving for retirement is critical. Creating a distribution plan for those hard-earned dollars is equally important. Today Joe shows us how to design a strategy for maximizing your income for retirement. That and much more on Wealth Health Radio. Call or text 800-930-5905. Visit MWMFinancial.Tax
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Retirement distribution strategies can be daunting for many retirees to navigate. This week Joe offers some guidance to help make sure you don’t run out of money in retirement. It doesn’t happen by accident, it takes a solid plan. That and much more on Wealth Health Radio. Call or text 800-930-5905. Visit MWMFinancial.Tax
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One of the biggest fears in retirement is running out of money. The good news is there are strategies available to help you get guaranteed income in retirement. Joe Murphy and the team at Murphy Wealth Management can help you achieve the goal. That and much more on Wealth Health Radio. Call or text 800-930-5905. Visit MWMFinancial.Tax
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The year 2022 had record breaking inflation combined with volatile markets has many of us looking at our 401(k) and wondering what can I do? Turns out the IRS and the passing of SECURE Act 2.0 has opened at least five ways for us to perhaps recover some losses and may give you a chance to capitalize on the upswing of the market. That and much more on Wealth Health Radio. Call or text 800-930-5905. Visit MWMFinancial.Tax
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This week Joe Murphy goes over some key ages to consider in the retirement planning process. Given that there have been more changes with the passage of the SECURE Act 2.0, there are a few amendments you don't want to forget to include in your timeline. That and much more on Wealth Health Radio. Call or text 800-930-5905. Visit MWMFinancial.Tax
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Planning for retirement is certainly a challenge. A new survey by Natixix of financial advisors asked what are the biggest mistakes they see their clients and potential clients are making. Joe Murphy tackles them all on this week's show. That and much more on Wealth Health Radio. Call or text 800-930-5905. Visit MWMFinancial.Tax
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Planning for retirement is certainly a challenge. A new survey by Natixix of financial advisors asked what are the biggest mistakes they see their clients and potential clients are making. Joe Murphy tackles them all on this week's show. That and much more on Wealth Health Radio. Call or text 800-930-5905. Visit MWMFinancial.Tax
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The SECURE Act 2.0 was signed into law just before the New Year, bringing big changes for folks from every phase and stage of their retirement planning journey. This week Joe begins to dissect just what is in the bill and how it can affect your retirement and income plan. That and much more on Wealth Health Radio. Call or text 800-930-5905. Visit MWMFinancial.Tax
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Now that 2022 is in the rear view mirror it’s time to get serious about making sure your retirement and income plan is ready to help provide you with a comfortable secure retirement. Joe Murphy has some tips for retirement saving for 2023 and beyond.That and much more on Wealth Health Radio. Call or text 800-930-5905. Visit MWMFinancial.Tax
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Now that 2022 is in the rear view mirror it’s time to get serious about making sure your retirement and income plan is ready to help provide you with a comfortable secure retirement. Joe Murphy has some tips for retirement saving for 2023 and beyond.That and much more on Wealth Health Radio. Call or text 800-930-5905. Visit MWMFinancial.Tax
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Sequence of returns risk is discussed and just how it can negatively impact your retirement plans. Then Joe compares the 10 year Treasury Bonds and fixed index annuities. He’s got a case study that lays it out in a very understandable way. That and much more on Wealth Health Radio. Call 800-930-5905. Visit MWMFinancial.Tax to learn more.
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If you’re in the ‘financial red zone’, that’s five to ten years from retirement, it’s more important than ever to make sure your plan is in place. Joe Murphy offers some tips to help shore up that plan to get you over the ‘goal line’. That and much more on Wealth Health Radio. Call 800-930-5905. Visit MWMFinancial.Tax to learn more.
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This week Joe Murphy offers some advice for those over 70 and still working. Then it’s all about making your money last all the way through retirement. Joe has some year end tips to help make sure your retirement plan is ready for 2023. That and much more on Wealth Health Radio. Call 800-930-5905. Visit MWMFinancial.Tax to learn more.
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In the course of your retirement planning, you may come across advice from well-meaning individuals hoping to lead you down the right path. But some of the advice you'll hear is not only out of touch with reality, but also downright dangerous. This week Joe Murphy talks about what you should be doing instead and suggests you find an advisor not your second cousin. That and much more on Wealth Health Radio. Call 800-930-5905. Visit MWMFinancial.Tax to learn more.
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There are many economists predicting a recession in the next 12 months. Is it time to take stock of your current plan? What should you be doing, if anything, to weather the current financial storm. Joe Murphy suggests questions you should be asking your advisor about inflation and its impact on your plan. That and much more on Wealth Health Radio. Call 800-930-5905. Visit MWMFinancial.Tax to learn more.
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Even with decades of preparation, surprises are likely to come your way that first year of retirement. Before the unexpected hits Joe Murphy offers five strategies retirees, and those about to take the plunge, need to put in place sooner than later. That and much more on Wealth Health Radio. Call 800-930-5905. Visit MWMFinancial.Tax to learn more.
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Seniors will see a significant boost in their Social Security payments come January 2023. It’s the biggest COLA (Cost of Living Adjustment) in more than 40 years. This week Joe Murphy digs into the numbers and what they mean to seniors. That and much more on Wealth Health Radio. Call 800-930-5905. Visit MWMFinancial.Tax to learn more.
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It hasn’t happened in more than 40 years and it’s almost certain to put a smile on those receiving Social Security. The Cost of Living Adjustment (COLA) is going up next year a whopping 8.7%. It is a bit of a double edge sword because the reason it’s so high is because of runaway inflation. Joe breaks it all down on this week's show. That and much more on Wealth Health Radio. Call 800-930-5905. Visit MWMFinancial.Tax to learn more.
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Expect the unexpected, that’s how Joe Murphy describes retirement planning in three words. He digs into unexpected expenses in retirement and how to prepare for them. From healthcare costs to taxes, he covers them all. That and much more on Wealth Health Radio. Call 800-930-5905. Visit MWMFinancial.Tax to learn more.
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Joe Murphy begins with dispelling the myth that 65 is the magic age to retire. The question is, is it earlier or later than 65. Joe’s got the answer. Then he offers seven solid financial moves you can make to show you really are ready to retire. That and much more on Wealth Health Radio. Call 800-930-5905. Visit MWMFinancial.Tax to learn more.
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Dealing with record high inflation while living on a fixed income can be overwhelming. This week, Joe Murphy offers some ways to tackle inflation while in retirement. Then he details several income sources that can be tax free. That and much more on Wealth Health Radio. Call 800-930-5905. Visit MWMFinancial.Tax to learn more.
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Medicare open enrollment is almost here. This week Joe Murphy and special guest Medicare plan expert and independent broker Carol Van Noort discuss the process and offers some strategies to make sure you get the right Medicare plan for you. That and much more on Wealth Health Radio. Call 800-930-5905. Visit MWMFinancial.Tax to learn more.
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This week Joe Murphy has the results of a new survey that digs into retirees and pre-retirees and how they are feeling about the current state of the economy. One thing is clear, people are very concerned and are looking for help. That and much more on Wealth Health Radio. Call 800-930-5905. Visit MWMFinancial.Tax to learn more.
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You’ve been a good saver socking money away in that 401(k) or IRA. The tax break at the time was great but now that you’re getting close to retirement it’s time to pay. Some call it the “lump sum tax time bomb”. This week Joe Murphy offers some tips to help minimize some taxes in retirement. That and much more on Wealth Health Radio. Call 800-930-5905. Visit MWMFinancial.Tax to learn more.
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A recent Fidelity Investments survey shows that 71% of Americans are concerned about inflation and potential recession. This week Joe Murphy has some ideas to help you avoid some of the risks as you head toward retirement. That and much more on Wealth Health Radio. Call 800-930-5905. Visit MWMFinancial.Tax to learn more.
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People have plenty of questions about retirement planning. Like how much income to I really need in retirement or will it really cost $300,000 in healthcare when I retire. This week Joe and Amber Murphy answer some of the most asked questions they get as advisors. Call 800-930-5905. Visit MWMFinancial.Tax to learn more.
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To help educate the public when it comes to retirement planning, Transamerica recently conducted a survey to see what people know and don’t know about planning for retirement. And what people don’t know is scary.
This week Joe digs into the results of this survey and offers some tips to help you put together the right plan for you. That and much more this week on Wealth Health Radio with Joe Murphy. Call 800-930-5905. Visit MWMFinancial.Tax to learn more.
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We’ve got runaway inflation and raising interest rates. If you're planning for retirement things continue to get more complicated. This week Joe Murphy offers some tips to help navigate your way to a successful retirement despite all that’s going on. That and much more this week on Wealth Health Radio with Joe Murphy. Call 800-930-5905. Visit MWMFinancial.Tax to learn more.
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The show opens with Joe’s overview of the current state of the economy, market and how it’s impacting retirees. Then Attorney Brian Less joins Joe to talk some real world strategies about estate planning. From wills to trusts and all things in between Joe and Brian break it all down. That and much more this week on Wealth Health Radio with Joe Murphy. Call 800-930-5905. Visit MWMFinancial.Tax to learn more.
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We heard a lot about the ‘Great Resignation’ in 2021. This year it’s all about the ‘Great Unretirement’. In fact, some 1.5 million retirees have returned to the workforce in the first half of the year. This week Joe Murphy addresses the impact and financial factors that we all have had to adjust to maintain. That and much more this week on Wealth Health Radio with Joe Murphy. Call 800-930-5905. Visit MWMFinancial.Tax to learn more.
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Inflation is at a 40-year high and it’s putting pressure on the Federal Reserve to raise interest rates. The market continues to be volatile and there are those that say a recession is on the way. This week Joe Murphy tackles the tough questions about our current economy and how it could impact those in or near retirement. That and much more this week on Wealth Health Radio with Joe Murphy. Call 800-930-5905. Visit MWMFinancial.Tax to learn more.
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Getting ready for retirement is a process that has very few absolutes. The good news is there are some guideposts that can help you save for retirement and help make sure your money takes you all the way through that next phase of life called retirement. That and much more this week on Wealth Health Radio with Joe Murphy. Call 800-930-5905. Visit MWMFinancial.Tax to learn more.
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This week Joe Murphy outlines some retirement risks. He offers some guidance that shows even making small changes can make a huge difference in your retirement. Steps include switching up your mortgage payments to utilizing credit cards to your advantage. That and much more on Wealth Health Radio. Call 800-930-5905. Visit MWMFinancial.Tax to learn more.
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How many times have you said, “woulda, coulda, shoulda”. Or maybe it’s if I only knew now what I didn’t know then. Either way we’ve all got regrets. This week, Joe Murphy digs into some of the most common regrets they hear from those entering retirement. That and more on this week's Wealth Health Radio. Call 800-930-5905. Visit MWMFinancial.Tax to learn more.
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Dealing with change is often difficult. This week Joe Murphy shows how planning for retirement has evolved over the past twenty years or so. Joe Murphy has the top ten changes in getting to that next phase of life called retirement. That and more on this week's Wealth Health Radio. Call 800-930-5905. Visit MWMFinancial.Tax to learn more.
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The closer we get to retirement the more important it is to avoid costly mistakes. This week Joe Murphy highlights three retirement investment mistakes older seniors should do everything possible to avoid. That and more on this week's Wealth Health Radio. Call 800-930-5905. Visit MWMFinancial.Tax to learn more.
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This week Joe digs into some top market fears and how to weather that potential storm. Then we meet Paul Payne, one of the top legacy and wealth protectors in the country. He’ll discuss some of the protection elements of your retirement plan and what you can do to strengthen your position now and for the rest of your life. Joe Murphy has some tips to help you minimize risk, preserve your wealth and your sanity. Call 800-930-5905. Visit MWMFinancial.Tax to learn more.
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Getting to retirement is all about the plan, and there has to be an income component. Joe Murphy digs into how to properly put a retirement and income plan together. From proper asset allocation to the sequence of returns risk he breaks it all down. Call 800-930-5905. Visit MWMFinancial.Tax to learn more.
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When inflation took center stage it was called “transitory”. It has become something a little more lengthy with no sign of relief. Inflation can be particularly hard on seniors. This week Joe Murphy offers some ideas to help you fight back against inflation and keep your retirement plan on track. Call 800-930-5905. Visit MWMFinancial.Tax to learn more.
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Financial literacy is key when it comes to building wealth and retiring comfortably. Just because you’ve been a good saver doesn’t always equal success. This week Joe Murphy discusses the importance of financial education even after retirement.
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One way to maintain your lifestyle in retirement is to make sure your plan evolves with you. This week Joe Murphy discusses some of the most important things you should consider when planning your retirement, especially as you near the day you hang up your work shoes. Call 800-930-5905. Visit MWMFinancial.Tax to learn more.
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When is the best time to retire? There is no right or wrong answer. On today’s show Joe Murphy highlights some things you can do now to help insure you and your finances are ready when you take that big step into retirement. Call 800-930-5905. Visit MWMFinancial.Tax to learn more.
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There are many outside forces influencing your portfolio. The pandemic, geopolitical events and inflation. If you’re feeling a little nervous about your own retirement Joe Murphy offers some tips to help bring that anxiety level down. Call 800-930-5905. Visit MWMFinancial.Tax to learn more.
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Retirees aren’t always up to date on every part of the tax code and as a result end up paying more in taxes than necessary. This week Joe Murphy offers some tips to make sure more of your nest egg stays with you and not Uncle Sam. Call 800-930-5905. Visit MWMFinancial.Tax to learn more.
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Cryptocurrencies have become mainstream. As a result many people heading into retirement are wondering if it’s right for them. Is it worth the risk? Bottom line crypto remains a gamble and you need to be smart about your investment. Joe Murphy answers some cryptocurrency questions. Call 800-930-5905. Visit MWMFinancial.Tax to learn more.
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We’ve all heard the expression “we don’t know what we don’t know”. In the world of retirement planning what you don’t know can really take a bite out of your portfolio. Joe Murphy to the rescue. This week he addresses some strategies to help you get to retirement and have the lifestyle you’ve always wanted. Call 800-930-5905. Visit MWMFinancial.Tax to learn more.
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Creating income in retirement is one of the main goals. This week Joe Murphy outlines five sources of retirement income that you may not have thought about. Social Security is great but it certainly isn’t enough. From HSA’s to real estate Joe hits them all on this week's edition of Wealth Health Radio. Call 800-930-5905. Visit MWMFinancial.Tax to learn more.
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This week is all about retirement readiness. Joe Murphy says there are three big questions that have to be answered to help make sure you are really ready for retirement. Topping the list is the right Social Security claiming strategy. Call 800-930-5905. Visit MWMFinancial.Tax to learn more.
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Saving for retirement is only half the job. The other half is putting that money to work. Financial experts say there are a handful of retirement distribution plans that can be used to stretch money further for a long retirement. This week Joe Murphy highlights several strategies to help you achieve success in retirement. Call 800-930-5905. Visit MWMFinancial.Tax to learn more.
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It seems everybody has advice about retirement. They mean well but sometimes it’s laughable. This week Joe Murphy highlights some advice about retirement that you should try to avoid. Two of the biggest are Social Security running out and the old 4% rule is the only way to withdraw your money. Call 800-930-5905. Visit MWMFinancial.Tax to learn more.
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Today Joe Murphy talks about financial rules of thumb. They are defined as an approximate method for doing something, based on practical experience rather than theory. Rules of thumb are not always true but usually true. He covers everything from index funds to the tried and true rule of 72. Call 800-930-5905. Visit MWMFinancial.Tax to learn more.
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This week, Joe Murphy outlines three potential threats that could impact your retirement savings this year. He’s also got some suggestions that could soften the blow. If you’re in or near retirement 2022 could be a bit rocky. Call 800-930-5905. Visit MWMFinancial.Tax to learn more.
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Are you planning to retire in 2022? This podcast is for you. Joe Murphy offers some suggestions on how to make that happen. He says the economy, the pandemic and who knows what is on the horizon this year so it’s more important than ever to make sure your ducks are in a row when it comes to your retirement plan. Call 800-930-5905. Visit MWMFinancial.Tax to learn more.
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The new year and resolutions go hand in hand. This week Joe Murphy outlines some ways to give your retirement plan a financial workout. This is one workout where you wont break a sweat but you will thank yourself down the road when you get to retirement. Call 800-930-5905. Visit MWMFinancial.Tax to learn more.
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Having an income plan that is sustainable is one key to a successful retirement. This week Joe Murphy offers some tips to help and strategies to get you there. All that and more on Wealth Health Radio.
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Planning for retirement with an eye on taxes and fees is a big job. On today’s show some tips to help make sure your money lasts all the way through retirement. Do you know what fees you’re paying? You might be surprised what Joe Murphy can find hidden in your portfolio. Wealth Health Radio. Call 800-930-5905. Visit MWMFinancial.Tax to learn more.
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Are you saving enough for retirement. Statistics show most Americans aren’t where hey want to be when it comes to saving for retirement. This week, Joe Murphy discusses ways to get yourself on track to retire on your terms. He digs into everything from working with an advisor to understanding your risk tolerance. To learn more call 800-930-5905. Visit MWMFinancial.Tax.
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Rising inflation continues to dominate headlines, the market continues to be volatile. How can you protect your nest egg from all the uncertainty. This week Joe Murphy outlines some strategies to do just that on Wealth Health Radio. Call 800-930-5905. Visit MWMFinancial.Tax to learn more.
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To work or not to work in retirement, that is the question Joe Murphy tackles in this week's Wealth Health Radio. People work in retirement for a variety of reasons and some people love it. Others, not so much. Joe digs into the reasons why we choose to work or not work once we stop work. Call 800-930-5905. Visit MWMFinancial.Tax to learn more.
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Today’s retirees have possibly more money than any previous generation – and this could mean they’ll also pay the most in taxes. This week Joe Murphy outlines some potential ways to plan for the taxes of tomorrow. Call 800-930-5905. Visit MWMFinancial.Tax to learn more.
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What was good advice for retirement planning for your parents may not be good advice today. Joe Murphy on Wealth Health Radio digs into some outdated advice that is still being followed today. Including the 60/40/ bond split and how target date funds may not be the best solution for your 401(k). Call 800-930-5905. Visit MWMFinancial.Tax to learn more.
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There is an art to properly withdraw from your retirement accounts and, if not done properly, it could cost you money. Joe Murphy discusses the right order in which to approach your withdrawal. He also looks at some red flags that could warn of adjustments needed to your current retirement thinking and he offers some tips in giving yourself confidence in spending in retirement. Call 800-930-5905. Visit MWMFinancial.Tax to learn more.
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This week Joe Murphy takes a deep dive into what you should do and in some cases what you shouldn’t do when it comes to withdrawing money from your retirement accounts. Doing it the wrong way could cost you big bucks over time. Call 800-930-5905. Visit MWMFinancial.Tax to learn more.
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You’ve made it to retirement, now what. What happens if the market makes the inevitable correction. Can you recover and still have the retirement you planned? This week Joe Murphy offers tips on how to protect your nest egg in spite of a market downturn. Call 800-930-5905. Visit MWMFinancial.tax.
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What is SECURE Act 2.0? Joe Murphy will explain what the proposed legislation could mean for your retirement accounts if it is passed. Just like the Cher song, we can’t turn back time but we can avoid regrets when it comes to planning for your retirement. Joe will talk about how.
For more information or to get your questions answered, call Joe and the team at 800-930-5905 or visit their website at https://www.mwmfinancial.tax/
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Joe Murphy has some tips on how to avoid mistakes when inheriting an IRA or 401k. Are bonds the best way to create income or buffer your portfolio in this market environment? Joe talks with Paul Payne, Life Insurance Specialist about that and how life insurance can lower your tax bracket and a lot more!
For more information or to get your questions answered, call Joe and the team at 800-930-5905 or visit their website at https://www.mwmfinancial.tax/
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Joe Murphy will look into if it makes sense to add cryptocurrency like Bitcoin to your retirement portfolio. He’ll also look at several withdrawal strategies to keep taxes at a minimum and keep more of your hard earned money. Amber Murphy goes over some common tax questions she sees with clients and a lot more!
For more information or to get your questions answered, call Joe and the team at 800-930-5905 or visit their website at https://www.mwmfinancial.tax/
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Joe Murphy takes a look at how inflation may impact your retirement. There are so many moving parts of a retirement plan. Joe will take a step back and look at what you should and shouldn’t be doing. Amber Murphy gives a look into President Joe Biden's proposed tax legislation and what it can mean for you and a lot more!
For more information or to get your questions answered, call Joe and the team at 800-930-5905 or visit their website at https://www.mwmfinancial.tax/
See omnystudio.com/listener for privacy information.
Joe Murphy talks about things to consider when planning for decumulation or drawing down your retirement dollars, including how to set up your investments. He’ll also talk about how to avoid pitfalls and anxiety when it comes to not being properly prepared for retirement. Joe also talks about the “what ifs” when planning for retirement and how having a solid retirement and income plan is key and so much more!
For more information or to get your questions answered, call Joe and the team at 800-930-5905 or visit their website at https://www.mwmfinancial.tax/
See omnystudio.com/listener for privacy information.
Joe Murphy takes a look to see if you are ready to start your retirement journey sooner. Over a trillion dollars is left behind in old 401k’s. Yep, you read that right. Joe will explain what you can do to retrieve yours if you have one and put it to work for you in your retirement. That and a lot more!
For more information or to get your questions answered, call Joe and the team at 800-930-5905 or visit their website at https://www.mwmfinancial.tax/
See omnystudio.com/listener for privacy information.