Podcast

Ep 62: Pension Lump Sums: 2021 May Be The Best Year Ever

Pension lump sums will be much higher in 2021 than 2020. Listen to Kevin discuss timing considerations on how to optimize your pension benefits by understanding the key variables that determine your lump sum. Company pension plans specifically discussed include Akron Children’s Hospital, Bridgestone, FirstEnergy, Goodyear, Mercy Health, and Rockwell Automation.

Whether you have a pension from your company or not, you’ll benefit from this episode. Why? Anyone can invest money with an insurance company and receive a lifetime income in the form of annuity payments. So these considerations are universal in crafting your retirement income plan.

Want more information on pension claiming strategies? Listen to Episode 38. https://www.truewealthdesign.com/ep-38-pension-lump-sum-or-monthly-payment/ Continue reading

Ep 61: Welcoming Ron Wyatt, CFP® as a New Partner

We’re excited to make a big announcement on this episode of Retire Smarter. Kevin is joined by True Wealth Design’s newest partner, Ron Wyatt, who brings more than 25 years of financial planning experience to the firm. A lot of existing listeners will be hearing from Ron for the first time, so we’ll spend some time getting to know his background and professional journey. And new listeners will also get to learn more about Kevin’s experiences. Continue reading

Ep 60: Why The Cheapest Investment Option May Not Be The Best

The purchase price of your car is one factor to consider. But the Total Cost of Ownership — adding in costs for insurance, fuel, maintenance and repairs, as well as the residual value upon sale — is a better way to evaluate financial aspects of a car purchase.

Same too goes for selecting investments. Many solely use the expense ratio to determine what fund to buy. But while the expense ratio is important, it does not tell the whole story. In fact, it may tell only a small part. Continue reading

Ep 59: Retiree Health Insurance Part 2: Pre-Medicare

Listen to learn about your health insurance options from the time you retire to before you can begin Medicare at age 65. Should you take COBRA? What types of plans are available for Affordable Care Act (ACA or Obamacare) plans, and how much do they cost? How do ACA tax credits work, and how valuable are they? Continue reading

Ep 58: Retiree Health Insurance Part 1: Medicare

Healthcare is a primary concern, especially for retirees. Transitioning from employer-provided coverage you’ve been on for decades is stressful. Good news is Medicare is a good deal, but you need to make smart decisions. Listen to learn about Medicare, it’s costs, pros and cons of supplemental and advantage plans, and much more. Continue reading