Retire With Ryan podcast

19:39

In this episode, I dive into the latest developments with the Social Security Fairness Act and what these changes mean for retirees who were previously ineligible for Social Security benefits. With potential increases in payments and retroactive benefits, this episode is packed with critical insights for anyone impacted by the new law. I break down real-world examples to show exactly how these changes will affect individuals—particularly teachers, former public employees, and those with pensions exempt from Social Security. Whether you’re waiting for retroactive benefits or trying to understand the tax implications, I’ve got you covered with the essential information you need. You will want to hear this episode if you are interested in... (1:07) Changes to the Social Security Fairness Act (2:57) Benefits and retroactive payments (5:05) How the Social Security Fairness Act works (6:52) How the spousal benefit works (6:30) How the new law will impact retirees (11:32) How survivor benefits now work (14:05) The impact of the Windfall Elimination Provision (15:16) What do you need to do? (16:57) How Social Security benefits are taxed Resources Mentioned Retirement Readiness Review Subscribe to the Retire with Ryan YouTube Channel Download my entire book for FREE Social Security Fairness Act: Windfall Elimination Provision (WEP) and Government Pension Offset (GPO) update Apply for Social Security at https://www.ssa.gov/myaccount/ Episode #217: Will Social Security Become Tax-Free? Connect With Morrissey Wealth Management www.MorrisseyWealthManagement.com/contact Subscribe to Retire With Ryan…

Retire With Ryan

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Understanding Reverse Mortgages: Unlocking Home Equity for Retirement Income with Mitch Cooper, #242 36:07

8天之前36:07

36:07

What is the best way to access equity in your home for retirement income? In this episode of Retire with Ryan , host Ryan Morrissey is joined by Mitch Cooper, a Certified Reverse Mortgage Professional with Mutual of Omaha, to explore this very question. Mitch returns to the show to share his expertise on reverse mortgages, a powerful tool that allows retirees to tap into the equity of their homes without having to sell. Whether you’re considering this option for supplemental income or simply want to understand how it works compared to other alternatives like home equity loans, this episode provides valuable insights into how reverse mortgages can help secure your financial future in retirement. You will want to hear this episode if you are interested in... (0:00) Learn more about Mitch Cooper, a Certified Reverse Mortgage Professional (0:53) What is the best way to access equity in your home for retirement income? (2:25) How reverse mortgages differ from home equity loans and lines of credit (5:41) Requirements and eligibility for reverse mortgages, including age and equity (7:41) The impact of interest rates on reverse mortgage loan amounts (8:45) The protections offered by reverse mortgages, including the non-recourse nature (10:36) Other requirements for obtaining a reverse mortgage (16:06) Comparing reverse mortgages to annuities and their role as longevity insurance (25:14) How closing costs work with a reverse mortgage (30:36) The process of obtaining a reverse mortgage Resources Mentioned Retirement Readiness Review Subscribe to the Retire with Ryan YouTube Channel Download my entire book for FREE The National Reserve Mortgage Lending Association Mitch Cooper (Mutual of Omaha) Connect with Mitch on LinkedIn Connect With Morrissey Wealth Management www.MorrisseyWealthManagement.com/contact Subscribe to Retire With Ryan…

Retire With Ryan

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Navigating the 1031 Exchange with Eric Brecher, #241 42:44

15天之前42:44

42:44

In this episode of Retire with Ryan, we’re diving into the ins and outs of 1031 Exchanges with expert Eric Brecher. As Executive Vice President at the Chicago Deferred Exchange Company, Eric brings years of experience in navigating this complex IRS provision, which allows real estate investors to defer capital gains taxes when selling property. If you're interested in real estate investments and the potential tax advantages that come with them, this episode is a must-listen. Eric explains everything from the basics of a 1031 Exchange to key strategies, common pitfalls, and the crucial role of a Qualified Intermediary. You will want to hear this episode if you are interested in... [0:52] What is a 1031 property exchange provision? [6:44] The 4 key requirements for a 1031 exchange [9:13] The role of the qualified intermediary [16:09] Common mistakes and misconceptions [26:32] The three property rule [32:28] The role of the qualified intermediary [35:34] Other need-to-know details Resources Mentioned Retirement Readiness Review Subscribe to the Retire with Ryan YouTube Channel Download my entire book for FREE Connect With Morrissey Wealth Management www.MorrisseyWealthManagement.com/contact Subscribe to Retire With Ryan…

Retire With Ryan

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10 Penalty-Fee Withdrawal Options For Retirement Plans, #240 15:10

22天之前15:10

15:10

When it comes to retirement plans, the general rule is that you can’t access funds in your retirement account(s), without penalty, until age 59 ½. If you withdraw funds prior to 59 ½, you’ll get hit with a 10% penalty and income tax (if coming from a non-Roth account). But there are some instances in which you can make withdrawals penalty-free. We’ll dive into this in this episode of Retire with Ryan. You will want to hear this episode if you are interested in... [0:55] Why you should hire a fee-only financial advisor [2:32] When can you access retirement accounts? [3:20] Way #1: Pay for unreimbursed medical expenses [4:18] Way #2: If you become disabled [4:53] Way #3: Pay for health insurance premiums [5:43] Way #4: Death [6:23] Way #5: Pay debt to the IRS [6:50] Way #6: First-time home buyer [7:34] Way #7: Higher education expenses [8:31] Way #8: Substantial and equal payments [9:52] Way #9: Terminal illness [10:19] Way #10: Separation of service Resources Mentioned Retirement Readiness Review Subscribe to the Retire with Ryan YouTube Channel Download my entire book for FREE Getting Emergy Money from Your 401K Breaking Down the IRS’s New Finalized Regulations on Inherited Retirement Accounts Connect With Morrissey Wealth Management www.MorrisseyWealthManagement.com/contact Subscribe to Retire With Ryan…

Retire With Ryan

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AI Stocks, Interest Rates, and Market Trends with Michael Collins, #239 28:47

29天之前28:47

28:47

Will AI stocks like NVIDIA continue their meteoric rise, or are we heading toward a market correction? What do recent Federal Reserve decisions mean for your investments and mortgage rates? And is it time to reconsider small-cap stocks? In this episode, I sit down with Michael Collins, CEO of WinCap Financial, to tackle the biggest financial trends of 2025. We discuss the future of AI-driven investing, the Federal Reserve’s impact on interest rates, and whether large-cap stocks will remain dominant. This episode is a must-listen! You will want to hear this episode if you are interested in... (0:00) Introducing Michael Collins: CEO of WinCap Financial and finance educator (2:40) AI and NVIDIA: Will new competition shake up the market? (5:50) The usefulness of AI for businesses (7:24) How NVIDIA dominates the S&P 500 (and what that means for investors) (9:36) Will the Fed lower interest rates? (12:47) Will homebuyers see lower mortgage rates? (20:18) The future of large-cap vs. small-cap investing (24:52) Bitcoin, the Fed, and risky government investments Resources Mentioned Retirement Readiness Review Subscribe to the Retire with Ryan YouTube Channel Download my entire book for FREE DeepSeek Michael Collins WinCap Financial Connect With Morrissey Wealth Management www.MorrisseyWealthManagement.com/contact Subscribe to Retire With Ryan…

Retire With Ryan

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Getting Emergency Money From Your 401k, #238 8:55

5 weeks之前8:55

8:55

In an ideal world, everyone should aim to keep 3–6 months of living expenses in an emergency fund. But let’s face it—building that kind of safety net isn’t always easy. For many pre-retirees, most savings are tied up in retirement accounts, leaving limited options for unexpected expenses. So, what can you do if an emergency arises? In today’s episode, I’ll walk you through how to access emergency funds from your 401(k) and explore strategies to help you stay prepared for life’s unexpected challenges. You will want to hear this episode if you are interested in... [0:53] Do you have an emergency fund? [1:35] Why you should hire a financial advisor [2:38] The new IRS rule allowing withdrawals [3:59] The requirements for withdrawal [4:32] What are the drawbacks? [5:08] Why you should build your emergency fund Resources Mentioned Retirement Readiness Review Subscribe to the Retire with Ryan YouTube Channel Download my entire book for FREE Connect With Morrissey Wealth Management www.MorrisseyWealthManagement.com/contact Subscribe to Retire With Ryan…

Retire With Ryan

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Health Insurance Options If You Retire Before Age 65, #237 16:43

6 weeks之前16:43

16:43

If you retire early (before 65), you’re too young to qualify for Medicare. So what are your health insurance options? In this episode of Retire with Ryan, I’ll address five different options you have to get health insurance. I’ll also share some ways you can lower the cost of your premiums to keep coverage affordable until you qualify for Medicare. You will want to hear this episode if you are interested in... [1:01] Health insurance options if you retire early [3:03] Option #1: Don’t get health insurance [4:11] Option #2: See if you qualify for Medicaid [5:38] Option #3: Get on COBRA [7:46] Option #4: Investigate individual plans [8:57] Option #5: Get a plan through the ACA [12:36] How can you save money on premiums? [14:53] What is the biggest unknown? Resources Mentioned Retirement Readiness Review Subscribe to the Retire with Ryan YouTube Channel Download my entire book for FREE Healthcare.gov Connect With Morrissey Wealth Management www.MorrisseyWealthManagement.com/contact Subscribe to Retire With Ryan…

Retire With Ryan

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How the Social Security Fairness Act Could Impact Your Retirement Income, #236 15:36

7 weeks之前15:36

15:36

President Biden recently signed the Social Security Fairness Act into law, bringing significant changes to Social Security benefits for millions of public school teachers and former public employees. This new legislation eliminates provisions that previously reduced or limited their benefits. In this episode, I’ll break down how the bill works, who it impacts, what it means for you, and what steps you need to take to claim any additional benefits you may be eligible for. You will want to hear this episode if you are interested in... [0:45] Social Security Fairness Act [1:24] Download my new book for FREE [2:22] What is the Social Security Fairness Act? [6:27] When does this go into effect? [7:00] How can this benefit you? [10:37] How the survivor benefit will work [12:46] Do you need to do anything? Resources Mentioned Retirement Readiness Review Subscribe to the Retire with Ryan YouTube Channel Download my entire book for FREE Social Security Fairness Act Re: Provisions Millions of Public Workers to get Higher Social Security Benefits Connect With Morrissey Wealth Management www.MorrisseyWealthManagement.com/contact Subscribe to Retire With Ryan…

Retire With Ryan

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2025 Stock Market Predictions, #235 19:47

8 weeks之前19:47

19:47

Happy New Year! As we step into 2025, it’s time to reflect on the lessons of the past year and anticipate what’s ahead. In this episode, I take a deep dive into my 2024 market predictions—where I was right, where I went wrong, and the key takeaways to help guide your investment decisions moving forward. The S&P 500 delivered a remarkable 23.8% return, Bitcoin soared by 121%, and interest rates shifted more than expected. How did these compare to my forecasts? I’ll share the details and insights that shaped last year’s performance. Then, we’ll turn our focus to 2025, where I outline predictions for major asset classes, the S&P 500, interest rates, and the ongoing battle between Gold and Bitcoin. You will want to hear this episode if you are interested in... [0:45] Happy New Year! [2:21] Prediction #1: The S&P 500 will have positive returns [4:58] Prediction #2: Growth stocks will lead the market [7:35] Prediction #3: Small caps would outperform large caps [9:35] Prediction #4: Gold would outperform bitcoin [11:42] Prediction #5: Domestic stocks would outperform international stocks [14:04] Prediction #6: We’d see two rate cuts and interest rates of 4.75% [16:28] My 2025 stock market predictions Resources Mentioned Retirement Readiness Review Subscribe to the Retire with Ryan YouTube Channel Download my entire book for FREE Episode #183: 6 Market Predictions for 2024 Episode #116: 7 Best Short-Term Investments To Grow Your Money SPDR® Portfolio S&P 500® ETF SPDR® Portfolio Developed World ex-US ETF iShares Bitcoin Trust ETF Connect With Morrissey Wealth Management www.MorrisseyWealthManagement.com/contact Subscribe to Retire With Ryan…

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Dissecting the Keys to Successful Investing with Larry Swedroe, #234 45:17

9 weeks之前45:17

45:17

In this episode, I’m joined by Larry Swedroe, a thought leader in evidence-based investing and former Chief Research Officer at Buckingham Strategic Wealth. Larry has authored over 18 books that have shaped the way people think about personal finance, and now, after 28 years in the industry, he’s sharing the most valuable lessons he’s learned in retirement planning and investing. In this episode, we dive into his latest book, Enrich Your Future: Keys to Successful Investing . Through 40 captivating stories, Larry exposes the myths and misconceptions that many investors hold, often perpetuated by Wall Street, and replaces them with clear, actionable strategies. From understanding how overconfidence derails financial success to learning how to balance risk as you approach retirement, this conversation offers invaluable guidance for anyone looking to achieve financial independence. You will want to hear this episode if you are interested in... [1:33] Larry’s process for writing a book [7:33] How the industry has embraced passive investing [17:19] Using tennis to explain the difficulties of active management [21:20] Why do we think we can outperform the market? [26:57] What approach is prudent for most people? [30:08] Should retirees focus on dividend-producing investments? [35:02] How to determine the amount of risk to take in your portfolio [39:23] Diving into the concept of indexed annuities Resources Mentioned Retirement Readiness Review Subscribe to the Retire with Ryan YouTube Channel Connect with Larry Swedroe on LinkedIn The Only Guide to a Winning Investment Strategy You'll Ever Need Think, Act, and Invest Like Warren Buffett Your Complete Guide to a Successful and Secure Retirement Connect With Morrissey Wealth Management www.MorrisseyWealthManagement.com/contact Subscribe to Retire With Ryan…

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How Rich Were The McCallisters In Home Alone? Ep #233 22:05

10 weeks之前22:05

22:05

Happy Holidays and welcome to a special Christmas Eve episode of Retire with Ryan ! To celebrate the season, I’m embracing the holiday spirit with a financial twist on the iconic Christmas movie, Home Alone . This 1990 classic has become a Christmas staple, featuring young Kevin McCallister, who’s accidentally left behind while his family flies to Paris for Christmas vacation. Armed with creativity and courage, Kevin outsmarts two bumbling burglars with a series of clever traps before his family returns home. But today, I’m looking at Home Alone through a different lens. As your financial advisor, I’ll break down the McCallister family’s finances. How rich were they? What would their stunning Chicago home be worth today? And what kind of jobs could support such a luxurious lifestyle? With a budget of just $18 million, Home Alone has grossed nearly $500 million worldwide—and I’ve probably contributed to that total with how many times I’ve rewatched it! So, grab some eggnog, settle in by the fire, and let’s explore the McCallister family’s financial plan. You will want to hear this episode if you are interested in... [1:25] Sign up for my weekly newsletter and get a free chapter of my book! [3:19] How much is the McCallister house worth? [5:19] Calculating how much the McCallisters made [7:48] What did the McCallisters pay in taxes? [10:47] What was their cashflow? [13:13] College costs for a family of five [15:03] How much are they saving for retirement? [18:43] Did the family have life insurance? [19:36] The type of estate planning they had Resources Mentioned Retirement Readiness Review Subscribe to the Retire with Ryan YouTube Channel How Rich Were the McCallisters? Historical 401K Limits Details about Home Alone The McCallister House on Realtor.com Home Alone Fan Speculations A Brief History of the 401K Connect With Morrissey Wealth Management www.MorrisseyWealthManagement.com/contact Subscribe to Retire With Ryan…

Retire With Ryan

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When an Annuity Makes Sense: A Real-Life Example with Andy Panko, #232 27:23

11 weeks之前27:23

27:23

How can an annuity help you secure income in retirement? Annuities often come with a reputation for being complicated, expensive, and overhyped—but they aren’t one-size-fits-all. The truth is, while they’re not the best solution for everyone, there are situations where they can provide the guaranteed monthly income some retirees need. In this episode, I’m joined by Andy Panko, CFP®, RICP®, EA, and President of Tenon Financial. Together, we’ll cut through the confusion and explore when an annuity might actually be the right fit for your retirement strategy. You will want to hear this episode if you are interested in... [1:40] Two ways to generate income in retirement [3:07] Real-life scenario: When you might want an annuity [12:36] How an indexed annuity works [16:39] Do annuities have inflation adjustments? [20:13] Calculating the rate of return [23:42] Why a good financial advisor is important Resources Mentioned Retirement Readiness Review Subscribe to the Retire with Ryan YouTube Channel Tenon Financial Andy Panko on LinkedIn The 7 Myths About Indexed Universal Life Insurance ImmediateAnnuities.com Financial Planning Association Charles Schwab Income Annuity Calculator Connect With Morrissey Wealth Management www.MorrisseyWealthManagement.com/contact Subscribe to Retire With Ryan…

Retire With Ryan

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Are Donor-Advised Funds A Smart Tax Move? Ep #231 16:31

12 weeks之前16:31

16:31

Last year, Americans donated $558 million to charities. 69% of those donations come from individuals. They also donated 4.1 billion hours to charities. If you are someone making a donation to a charity, you need to know how they can help you reduce your taxes. One way to do that is through a donor-advised fund. What is a donor-advised fund? How does it work? Should you consider using one for charitable giving? I’ll cover the details in this episode. You will want to hear this episode if you are interested in... [1:39] Sign up for my newsletter at RetireWithRyan.com [3:05] What is a donor-advised fund? [4:51] How is this different from other contributions? [5:51] Who should consider a donor-advised fund? [10:15] Who offers donor-advised funds? [11:05] Pros/cons of donor-advised funds [12:40] Additional benefits of using a donor-advised fund [13:27] How to choose the right charity [14:34] What are your next steps? Resources Mentioned Sign up for my newsletter at RetireWithRyan.com Retirement Readiness Review Subscribe to the Retire with Ryan YouTube Channel Charity Navigator Pros and Cons of Donor-Advised Funds Connect With Morrissey Wealth Management www.MorrisseyWealthManagement.com/contact Subscribe to Retire With Ryan…

Retire With Ryan

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11 Potential Tax Changes Under A Trump White House, #230 16:12

13 weeks之前16:12

16:12

What could a Trump White House and Republican-controlled Congress mean for your finances? In this episode, we break down the potential tax changes—from individual tax brackets to business deductions and state taxes—that could impact your bottom line. Tune in to understand the areas with low, moderate, and high potential for change and what steps you should consider if you live in a high-tax state. You will want to hear this episode if you are interested in... [1:19] Sign up for my weekly newsletter [2:28] Area of low potential for changes [4:25] Area of moderate potential for changes [10:05] Area of high potential for changes [14:18] What to do if you’re in a high-tax state Resources Mentioned Retirement Readiness Review Subscribe to the Retire with Ryan YouTube Channel Connect With Morrissey Wealth Management www.MorrisseyWealthManagement.com/contact Subscribe to Retire With Ryan…

Retire With Ryan

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Mistakes To Avoid During Medicare Open Enrollment with Danielle Roberts, #229 29:18

14 weeks之前29:18