Category: Financial Advisor
The Secret to Saving Big on Taxes in Retirement (Ep. 19)

The Secret to Saving Big on Taxes in Retirement (Ep. 19)

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What if you could turn your biggest retirement expense into your greatest savings opportunity? 

In this episode, Tyson and Ryan Thacker from B.O.S.S. Retirement Solutions sit down with Brandon Olson, CPA, an investment advisor representative at B.O.S.S., to explore smart tax strategies that can keep more of your hard-earned savings in your pocket. As taxes continue to loom as one of the most significant retirement expenses, the opportunity lies in proactive planning and using tools like Roth conversions.

You will learn:

  • How current historical low tax rates offer a golden window of opportunity for Roth conversions (05:31)
  • The significant tax savings potential in converting a traditional IRA to a Roth IRA (07:59)
  • Real-life examples, including a hypothetical case study highlighting long-term tax savings (09:53)
  • The critical decision between pension cash flow versus lump sum and its tax implications (20:08)
  • Common pitfalls in managing retirement income, Social Security, and medical costs (24:49)
  • And more!

Resources:

Get your FREE B.O.S.S. Retirement Blueprint:

3 Ways to Respond:

  • Text BLUEPRINT to (435) 500-0665
  • Call: (800) 769-7550
  • or Click Here

Connect with Tyson Thacker: 

Connect with Ryan Thacker: 

Connect with Brandon Olson: 

About Brandon Olson

Brandon P. Olson, CPA, is an Investment Advisor Representative at B.O.S.S. Retirement Solutions. Brandon uses his wealth preservation and tax planning experience to help his clients find desirable retirement solutions as part of investing their lives in their work and family.

He has been involved with investment management for most of his career. He graduated from Brigham Young University with bachelor’s and master’s of accounting degrees with an emphasis in tax. He has worked with PricewaterhouseCoopers as a CPA, focusing on all areas of taxation, and as a chief financial officer for several prominent Utah companies. He is licensed as a CPA and real estate agent. He is an Investment Advisor Representative and a licensed insurance agent.

As former president of Norbest, Brandon successfully led business relationships to produce more than $150 million in sales and marketing, while managing $35 million in lending.

Brandon loves spending time with his family and is proud to be called a grandpa! He serves in his faith, loves the outdoors, traveling, and getting his hands dirty gardening, yard work or construction projects, but most of all, being with and helping people.

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Legacy Planning: More Than Just Money (Ep. 18)

Legacy Planning: More Than Just Money (Ep. 18)

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What does it truly mean to leave a legacy? How do you tie together money, values, and memories into something lasting?

Join Ryan and Tyson Thacker, the Retirement Brothers from B.O.S.S. Retirement Solutions, as they dive deep into the concept of legacy. In this heartwarming episode, they share personal stories about their upbringing and the legacy their own parents created. They discuss the importance of not only passing on financial wealth but also the principles and values that define a family. Whether you’re looking to ensure that your children avoid the pitfalls of financial disputes or simply want to be remembered for the relationships you built and the values you upheld, this episode is quite revealing. They also explore the idea that your legacy doesn’t have to be about grand gestures—it’s the daily actions and consistent values that count.

Ryan and Tyson discuss:

  • [00:01:59] Personal anecdotes from their family’s legacy
  • [00:09:27] The story of their cabin and lessons learned
  • [00:21:18] Insight into the B.O.S.S. Retirement Blueprint
  • [00:27:08] The critical role of intentional planning

Resources:

Get your FREE B.O.S.S. Retirement Blueprint:

3 Ways to Respond:

  • Text BLUEPRINT to (435) 500-0665
  • Call: (800) 769-7550
  • or Click Here

Connect with Tyson Thacker: 

Connect with Ryan Thacker: 

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Secrets to Minimizing Taxes on Your Retirement Income (Ep. 17)

Secrets to Minimizing Taxes on Your Retirement Income (Ep. 17)

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Why are taxes one of the biggest retirement expenses, and how can you minimize them?

Join Ryan and Tyson Thacker for an episode of Retirement Solutions The Podcast as they discuss how taxes can take a huge bite out of your retirement savings and share strategies to help avoid it. Discover how you often have more control over taxes in retirement than any other time in life.

Ryan and Tyson delve into:

  • (02:54) Common misconceptions about retirement tax 
  • (06:10) The true cost of tax-deferred savings vehicles, like 401(k)s 
  • (15:22) Strategies for minimizing taxes through Roth conversions and life insurance 
  • (18:34) Changes in tax brackets and how they affect your retirement taxes 
  • (27:11) The benefits of advanced tax planning strategies for retirees 
  • And more!

Tune in and explore how smart tax strategies can save you a substantial amount and keep more of your hard-earned savings in your pocket.

Resources:

Get your FREE B.O.S.S. Retirement Blueprint:

3 Ways to Respond:

  • Text BLUEPRINT to (435) 500-0665
  • Call: (800) 769-7550
  • or Click Here

Connect with Tyson Thacker: 

Connect with Ryan Thacker: 

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How to Take the Risk Out of Retirement (Ep. 16)

How to Take the Risk Out of Retirement (Ep. 16)

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What’s the main risk that’s hiding in your retirement plan? Chances are, it’s lurking in plain sight and could jeopardize your financial future. How can you avoid it?

In this episode, Ryan Thacker and Tyson Thacker, the “retirement brothers” from B.O.S.S. Retirement Solutions and Advisors, talk about managing risk in your retirement portfolio. Through storytelling and real-life examples, they illustrate the all-too-common mistakes that can compromise your financial security. This episode shines a spotlight on how to ensure your money lasts as long as you do, helping you avoid the pitfall of taking unnecessary risks.

They discuss: 

  • (01:18) Recognizing the emotional impact of financial risk
  • (03:53) Personal anecdotes about business risks and financial losses
  • (14:20) The significance of ‘stress testing’ your portfolio to gauge risk accurately
  • (21:57) The insidious effect of fees on your retirement savings
  • And more

Tune in for an enlightening discussion that leverages real stories to help you create a foolproof plan. By understanding the risks and taking the necessary steps, you can protect your nest egg and secure a worry-free retirement.

Resources:

Get your FREE B.O.S.S. Retirement Blueprint:

3 Ways to Respond:

  • Text BLUEPRINT to (435) 500-0665
  • Call: (800) 769-7550
  • or Click Here

Connect with Tyson Thacker: 

Connect with Ryan Thacker: 

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Social Security Alone Isn’t Enough for Retirement (Ep. 15)

Social Security Alone Isn’t Enough for Retirement (Ep. 15)

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Are you confident that your retirement income plan will last?

In this episode, Ryan Thacker and Tyson Thacker explore this critical question, helping listeners uncover often-overlooked strategies for creating reliable income streams beyond just Social Security. With the federal government’s actions and potential Social Security shortfalls looming, it’s crucial to start planning for “permanent unemployment.”

Ryan and Tyson discuss:

  • (00:01:20) The need to shift focus from just savings to income planning
  • (00:04:52) Why Social Security isn’t a standalone solution for most
  • (00:17:58) Creative solutions for building multiple income streams
  • (00:29:00) Annuities, dividends, and real estate as income sources

Tune in to discover actionable insights that can empower you to retire with confidence and ensure financial security. Remember, true comfort in retirement starts with a solid plan.

Resources:
Get your FREE B.O.S.S. Retirement Blueprint

3 Ways to Respond:

  • Text BLUEPRINT to (435) 500-0665
  • Call: (800) 769-7550
  • or Click Here

Connect with Tyson Thacker: 

Connect with Ryan Thacker: 

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Avoiding the Tax Avalanche in Retirement (Ep. 14)

Avoiding the Tax Avalanche in Retirement (Ep. 14)

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Have you ever wondered just how much of your retirement savings actually belongs to you and how much goes to Uncle Sam?

In this episode, Ryan Thacker and Tyson Thacker delve into the all-important topic of taxes in retirement. They break down the “tax avalanche” that could threaten your hard-earned savings and explain how a strategic plan can help you navigate safely through your golden years. Don’t let the tax avalanche catch you off-guard. Tune in to get ahead with your retirement planning!

Ryan and Tyson discuss: 

  • (00:18) The significance of understanding the “tax dilemma”
  • (05:13) The “Tax Avalanche” – What it is and how to avoid it
  • (12:52) What the different tax buckets are and what they look like
  • (15:33) A case study of Bob and Carol’s retirement savings, and how comprehensive planning saved them $641,282 in taxes
  • And more

Resources:

Get your FREE B.O.S.S. Retirement Blueprint:

3 Ways to Respond:

  • Text BLUEPRINT to (435) 500-0665
  • Call: (800) 769-7550
  • or Click Here

Connect with Tyson Thacker: 

Connect with Ryan Thacker: 

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Are You Taking Too Much Risk with Your Retirement? (Ep. 13)

Are You Taking Too Much Risk with Your Retirement? (Ep. 13)

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Are you aiming to be rich in retirement or simply ensuring you won’t be poor?

In this episode, Ryan Thacker and Tyson Thacker tackle the pivotal question: Should your retirement plan chase risk for potential riches or focus on security to avoid poverty? They explore common financial myths that could jeopardize your retirement, especially if you don’t fully understand your risk tolerance. Listen in as they unravel the misconceptions surrounding financial planning and highlight the critical importance of reliable income over magic numbers. 

Ryan & Tyson discuss: 

  • (05:31) The myth of the “magic number” for retirement savings and its pitfalls
  • (07:04) Why “set it and forget it” isn’t a real plan
  • (09:07) The misleading nature of average rates of return
  • (13:09) How high risk doesn’t always translate to high reward
  • (18:12) Real-life examples from the B.O.S.S. Retirement Blueprint, including the risk analysis of Bob and Carol
  • And more

Resources:

Get your FREE B.O.S.S. Retirement Blueprint:

3 Ways to Respond:

  • Text BLUEPRINT to (435) 500-0665
  • Call: (800) 769-7550
  • or Click Here

Connect with Tyson Thacker: 

Connect with Ryan Thacker: 

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Building a Reliable Retirement Income Stream (Ep. 12)

Building a Reliable Retirement Income Stream (Ep. 12)

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Is your retirement nest egg going to last as long as you will?

In this episode, Ryan and Tyson Thacker delve into America’s retirement crisis, equipping you with the knowledge to safeguard your financial future. Learn vital lessons from their family farm about the importance of preserving your income sources, such as Social Security and pensions, and explore strategies to overcome common retirement pitfalls like inflation and underfunded pensions.

This week on the Retirement Solutions Podcast, Ryan and Tyson break down:

  • (00:40) The importance of creating reliable income streams for retirement
  • (08:24) Challenges with pension stability and what you can do
  • (11:32) Maximizing your Social Security benefits
  • (14:58) Inflation, the silent wealth killer
  • (19:18) Planning strategies for a secured retirement income
  • (26:21) How reverse mortgages can be a valuable resource
  • And more

Don’t miss this episode packed with practical advice to ensure a comfortable retirement you can count on.

Resources:

Get your FREE B.O.S.S. Retirement Blueprint:

3 Ways to Respond:

  • Text BLUEPRINT to (435) 500-0665
  • Call: (800) 769-7550
  • or Click Here

Connect with Tyson Thacker: 

Connect with Ryan Thacker: 

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Building a Strong Retirement Foundation with the B.O.S.S. Retirement Blueprint (Ep. 11)

Building a Strong Retirement Foundation with the B.O.S.S. Retirement Blueprint (Ep. 11)

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What lessons can a mudslide teach us about retirement planning?

In this episode, Ryan Thacker and Tyson Thacker share a powerful metaphor of water wreaking havoc, drawing from a personal story about the impact a mudslide had on their family cabin to draw parallels to the unexpected challenges faced in retirement planning. Discover how their childhood cabin taught lessons about financial stability and the importance of a solid foundation in retirement. Join the brothers as they navigate through the essential elements of the B.O.S.S. Retirement Blueprint, designed to stabilize your financial future just like reinforcing the foundation of a house.

Ryan and Tyson explore how the B.O.S.S. Retirement Blueprint can help: 

  • (00:48) Address vulnerabilities in your financial “foundation”
  • (05:15) Protect against the eroding effects of inflation and taxes
  • (12:22) Utilize a simplified one-page plan for comprehensive planning
  • (16:42) Build sustainable income streams to last through retirement
  • And more

Tune in for a journey through impactful stories and practical advice designed to reinforce your retirement plans.

Resources:

Get your FREE B.O.S.S. Retirement Blueprint:

3 Ways to Respond:

  • Text BLUEPRINT to (435) 500-0665
  • Call: (800) 769-7550
  • or Click Here

Connect with Tyson Thacker: 

Connect with Ryan Thacker: 

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Understanding Risk in Your Retirement Blueprint (Ep. 10)

Understanding Risk in Your Retirement Blueprint (Ep. 10)

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Ever wonder how much more money you’d have if you could rewind your top financial mistakes? Where there’s smoke, there’s often fire – crucial lessons in managing risk. 

In this episode, Ryan Thacker and Tyson Thacker tackle the often-overlooked topic of managing risk in retirement planning. With an election upon us and fluctuating markets creating uncertainty, understanding and managing risk is more critical than ever.

Ryan and Tyson discuss:

  • (01:35) Why recognizing financial “cracks in the foundation” could be crucial to your retirement strategy
  • (02:53) Lessons learned from real-life investment missteps emphasizing diversification and risk evaluation
  • (06:39) The danger of high-risk ventures and essential precautions
  • (20:00) Benefits of cash value life insurance for tax and security
  • And more

Tune in to avoid common investment mistakes and learn how to construct a stable, secure retirement plan that aligns with your goals.

Resources:

Get your FREE B.O.S.S. Retirement Blueprint:

3 Ways to Respond:

  • Text BLUEPRINT to (435) 500-0665
  • Call: (800) 769-7550
  • or Click Here

Connect with Tyson Thacker: 

Connect with Ryan Thacker: 

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