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Rod Yancy talks about possible changes to how Estate Planning is structured and details why some people are able to retire early despite the pandemic. 

Rod Yancy discusses how the 202 Election could affect your paycheck and what you need to make sure your retirement check list is up to date. 

There’s been a lot of speculation about whether the next president and Congress will raise taxes.  But a Wall Street Journal editorial warns about another tax hike – the automatic increase that businesses will pay in unemployment taxes.  I think we all know that – one way or another – those increases will be passed along to us.  Doesn’t this highlight the importance of reducing our tax liabilities, wherever we can?  Contact Rod For Your Customized Plan!   

If you have a traditional 401(k), the contributions you make to it are tax deferred and tax deductible.  But Joe Biden wants to convert that deductibility to a 26% refundable tax credit.  That would benefit low-income workers, but it would penalize higher-income workers.  Investing strategist Matthew Sommer tells CNBC that such a change would make Roth retirement accounts more attractive. That’s great for young people – but what about those of us who already have 20- or 30-years’ worth of contributions in a traditional account?  Would we benefit from converting that money to a Roth?  Contact Rod and his team today for a Complimentary Portfolio Review! This is a great time to make sure you're on the right track with your financial planning, creating that income plan, filling those buckets of money and correcting any mistakes that may be found. Call today!   

Rod is both an Estate Attorney AND a Financial Advisor, hear how and why this makes him stand out from other financial advisors. Then, if we chose retirement planning topics like kids choose teams on the playground, guess which topic would be picked last?  Kiplinger says it would be estate planning.  Hear how Rod makes creating an estate plan fun and easy!  Okay, here’s something I didn’t know:  A story in The Atlantic says Sir Isaac Newton was a wealthy man … until he got greedy.  Newton sold off his “safe” holdings so he could invest more in a stock market boom.  But then the market tanked, and he lost what today would be the equivalent of about $4 million!  Isaac Newton was a pretty smart guy –  Rod discusses the lesson we can learn from his moves!  Call to meet with Rod today for a Complimentary Portfolio Review! This is a great time to take a look at your plan to make sure you are on track - you control your financial destiny! 

How much money is enough? do you have a "magic number" in your mind? A Purdue University study determined that the ideal income for emotional well-being is between 60 and 75-thousand dollars a year. For true life satisfaction – that number is more like 105- thousand a year.  Rod explains how he helps his clients, people just like you, reach their full financial potential with income for life!   Contact Rod and his team today for a Complimentary Portfolio Review!    

Each week on our show, we try to give you some ideas about how to plan for a successful retirement, but sometimes we like to hear your thoughts.  So, we asked some listeners if they have any specific age in mind, as their goal for retiring. Do you think our goal should be an age or should it be a number?  Contact Rod and his team today for a Complimentary Portfolio Review! This is a great time to make sure you're on the right track with your financial planning, creating that income plan, filling those buckets of money and correcting any mistakes that may be found. Call today!   

It has been one crazy year hasn't it? Rod talks about what his clients and listeners are calling about amid all the uncertainty in todays world.  Then, how will the upcoming election affect our portfolio? Does it matter who or what side is elected? Will it have an impact on the stock market and economy?  How can you protect your money? First, what are your financial goals? Then, whats the best way to get the best return from your investments and diversify them? Rod discusses how his tools and strategies can do just this and give you those "airbags" around your income plan.  Rod is a Financial Planner AND an Estate Planning Attorney. Have you thought about leaving a legacy to your family? Do you know what your financial goals are? Rod can walk you through the process, from A to Z for creating income you can't outlive and discussing options on how you can leave a legacy for your loved ones.  Contact Rod and his team today for a Complimentary Portfolio Review! This is a great time to make sure you're on the right track with your financial planning, creating that income plan, filling those buckets of money and correcting any mistakes that may be found. Call today!   

From time to time, different groups conduct surveys to come up with “the number” – the amount of money the average person needs to ensure a comfortable retirement.  The latest survey was done by TransAmerica and their magic number is … 500K! Well, the truth is everyone's retirement is different, so "your number" will also be different. Hear how Rod works with clients to determine how much they'll need to have a comfortable retirement and also have money for the cost of healthcare, taxes, inflation and more.  Contact Rod and his team today for a Complimentary Portfolio Review!

Anything could happen between now and November, but some political analysts predict that we’re going to see a “blue wave” on election day – with Democrats winning the White House, the Senate, and the House.  If that happens, Forbes says we’ll almost certainly see an increase in our federal tax rates.  But because of the rising deficit, we might be paying higher taxes no matter which party wins.  Is it too soon to try to be proactive about managing our taxes?  We can't control the election, taxes or what could happen in the market BUT you can control your financial plan!  Contact Rod and his team today for a Complimentary Tax Analysis!  

The AP tells us that the US economy shrank at a record-breaking 33% rate last quarter. It feels like the national economy keeps taking 1 step forward… and 2 steps back…. And there’s no way we can control that.  So how do we make sure our personal economy is moving in the right direction, despite these wavering headlines? How much money would it take to consider yourself “financially comfortable”?  According to a new Charles Schwab survey, the magic number is $655 thousand.  But here’s the interesting thing:  They did this same survey back in January and the “financially comfortable” figure then was more than $900 thousand!  I’m a little surprised that our comfort level seems to move up-or-down, depending upon what the economy is doing – what do you make of this? Contact Rod and his team today for a Complimentary Portfolio Review! This is a great time to make sure you're on the right track with your financial planning, creating that income plan, filling those buckets of money and correcting any mistakes that may be found. Call today!   

Episode 11: Avoiding 401k Mistakes

Episode 10: Avoiding Beneficiary Mistakes

Episode 9: How To Leave Your House To Your Kids

Episode 8: The One Thing That People Did Not Do During the Pandemic

Episode 7: Having A Plan Can Benefit You and Your Family

Episode 6: What Happens If You Die Without A Will or Trust?

Episode 5: What Do Retirees Get Wrong About Taxes In Retirement?

Episode 4: Changes To RMDs

Episode 3: Creating A Plan To Last Generations