Answering Your Retirement Questions | Retiring Today with Loren Merkle [Video]

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In this episode of Retiring Today, we answer your top retirement questions. We explore topics such as understanding your tax bracket post-retirement, navigating required minimum distributions, and devising effective strategies for maximizing Social Security benefits. Discover the benefits of using a recession-resistant portfolio and income bucket strategy, and learn the impactful IRA to lifetime income strategy. Whether you’re single, married, or nearing retirement, this episode is packed with invaluable advice to help you make informed, confident decisions for a successful retirement.

Loren Merkle, CERTIFIED FINANCIAL PLANNER™, RETIREMENT INCOME CERTIFIED PROFESSIONAL®, CERTIFIED FINANCIAL FIDUCIARY®
https://merkleretirementplanning.com/staff-members/loren-merkle/

Molly Nelson, Host of Retiring Today
https://merkleretirementplanning.com/staff-members/molly-nelson/

Chapter
0:00 Introduction
0:25 Introducing Loren Merkle
0:50 Submitting Questions and Workshop Overview
1:22 Taxes in Retirement
1:47 What Will Taxes Look Like After Retirement?
2:35 Required Minimum Distributions (RMDs) Explained
4:30 Tax Planning Strategies for RMDs
6:05 Example: John and Sue’s Tax Strategy
7:24 RMDs Calculation and Aggregation
8:30 Who Monitors RMDs and Potential Penalties
9:25 Social Security Benefits and Gross Benefit Calculations
11:25 Adjusting for Taxes and Medicare Premiums
12:00 Analyzing the SSA.gov Calculator
13:15 Considerations for Single Retirees
15:00 Investment Strategy: The Bucket Strategy
16:50 Recession Resistant Portfolio Explained
18:30 Short-Term vs Long-Term Buckets
20:00 Register for the Online Journey to Retirement Workshop
20:50 Considering Interest Rates in Mortgage Repayment
21:50 Legacy Planning: IRA to Lifetime Income Strategy
23:00 Tax-Free Legacy Benefits
24:00 Final Thoughts on Maximizing Retirement Income
25:15 How to Sign Up for Online Journey to Retirement Workshop
26:00 Conclusion and Workshop Invitation

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This video does not constitute an offer to sell, a solicitation of an offer to buy, or a recommendation of any security or any other product or service by Merkle Retirement Planning LLC, Elite Retirement Planning LLC, MRP Insurance LLC, or any other third party regardless of whether such security, product or service is referenced in this episode. Furthermore, nothing in this episode is intended to provide tax, legal, or investment advice and nothing in this episode should be construed as a recommendation to buy, sell, or hold any investment or security or to engage in any investment strategy or transaction. Merkle Retirement Planning, LLC does not represent that the securities, products, or services discussed in this episode are suitable for any particular investor. You are solely responsible for determining whether any investment, investment strategy, security or related transaction is appropriate for you based on your personal investment objectives, financial circumstances and risk tolerance. You should consult your business advisor, attorney, or tax and accounting advisor regarding your specific business, legal or tax situation.