Tag: Retirement Income
Which Retirement Account Should You Withdraw From First (Ep. 34)

Which Retirement Account Should You Withdraw From First (Ep. 34)

By |

One of the biggest retirement mistakes has nothing to do with how much you saved, it’s about where your income comes from once you stop working. The order you withdraw your money can quietly trigger higher taxes, bigger Medicare premiums, and unnecessary stress later in life.

In this episode, Ryan Thacker and Tyson Thacker break down why withdrawal strategy is one of the most overlooked yet impactful decisions in retirement planning, and how a single misstep can set off a chain reaction that affects your taxes, Social Security, and long-term income.

Ryan and Tyson discuss:

  • Why the order you pull money from IRAs, 401(k)s, Roth accounts, and brokerage accounts matters more than most people realize
  • How withdrawals can unintentionally increase taxes on Social Security and trigger IRMAA Medicare surcharges
  • Common mistakes retirees make by relying on outdated rules of thumb like the 4% rule
  • How delaying or mismanaging withdrawals can lead to larger required minimum distributions later
  • What a coordinated withdrawal strategy looks like and how it helps protect income, taxes, and peace of mind
  • And more!

Book your complimentary retirement planning consultation and get answers to your most pressing questions.

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: 

Podcast: Play in new window | Download | Embed

Subscribe: RSS | More
The Hidden Way to Grow Your Retirement Savings: It’s All About Taxes

The Hidden Way to Grow Your Retirement Savings: It’s All About Taxes

By |

What if the biggest opportunity to grow your retirement savings has nothing to do with chasing the next big investment and everything to do with taxes?

In this episode, Ryan Thacker and Tyson Thacker break down why taxes may be the single biggest expense you will face in retirement and how strategic tax planning could make your money go significantly further.

Ryan and Tyson discuss:

  • How today’s national debt and tax trends could impact your retirement
  • Why most retirees underestimate their lifetime tax burden
  • The “three tax buckets” and how to move from taxed later to tax-free income
  • The power of Roth 401(k)s, Roth conversions, and properly structured life insurance
  • How to “Washington-proof” your retirement and take control of your future
  • 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: 

Podcast: Play in new window | Download | Embed

Subscribe: RSS | More
What Really Happens in Your First Retirement Planning Meeting with Robert Brantley

What Really Happens in Your First Retirement Planning Meeting with Robert Brantley

By |

What if the fear of talking to a financial advisor is the very thing keeping you from retiring sooner and living the life you’ve always dreamed of?

In this episode, Ryan Thacker sits down with Robert Brantley, a trusted Investment Advisor Representative at B.O.S.S. Retirement Solutions, to talk about what really happens during a first retirement planning meeting. Known for his deep tax expertise, sincere client relationships, and powerful personal story, Robert shares why that first conversation could be one of the most life-changing moments of your retirement journey.

You’ll hear:

  • (00:03:00) Robert’s surprising background from Japan to the Tabernacle Choir
  • (00:06:00) How raising a daughter with special needs changed Robert’s financial journey
  • (00:09:00) What to expect during a first retirement appointment and why it’s more personal than numbers
  • (00:15:00) How a custom plan gave a grieving spouse peace of mind
  • (00:30:00) A life-changing case study: from burnout to bucket-list travel in Tanzania
  • And more

If you’ve been putting off your first planning meeting, this conversation might just change your mind and your future.

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 Ryan Thacker: 

Connect with Robert Brantley:

About Robert Brantley

Robert Brantley is an Investment Advisor Representative at B.O.S.S. Retirement Solutions. With more than a decade of experience in financial services, Robert takes time to understand each client’s situation, including their wants, needs and goals. With that crucial information in mind, Robert helps clients build an optimal system of financial security to help them to and through retirement.

Before working in financial services, Robert was a professor at a university overseas. He holds two advanced degrees: one in teaching from Brigham Young University and one in accounting from The University of North Carolina at Chapel Hill.

He is a trained singer and has been in many choral groups over the years. He is proud to have been one of the earliest members of BYU’s now-famous a cappella group, Vocal Point.

Robert loves traveling, cooking and basketball, but his favorite pastime is spending time with his family. He and his wife, Marta, are the proud parents of nine children — six girls and three boys — and have a dog, Remi. The family loves music, walking at sunset, playing noisy and fun games, and trying new things.

Podcast: Play in new window | Download | Embed

Subscribe: RSS | More
Are You Taking Too Much Risk with Your Retirement? (Ep. 13)

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

By |

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: 

Podcast: Play in new window | Download | Embed

Subscribe: RSS | More
The Truth About Reverse Mortgages with Chad Peck (Ep. 7)

The Truth About Reverse Mortgages with Chad Peck (Ep. 7)

By |

Did you know that nearly 70% of retirees’ net worth is tied up in their home equity? Yet many never consider leveraging it to secure a worry-free retirement.

This week on Retirement Solutions The Podcast, Tyson Thacker and Ryan Thacker are joined by Chad Peck, owner of Reverse Freedom Mortgage, who brings over 20 years of experience in the mortgage industry, specializing in reverse mortgages for the past 15 years. Chad talks through the realities and misconceptions surrounding reverse mortgages, from eligibility and the benefits they can offer, to the potential pitfalls and common fears people have. Listen in to gain an in-depth understanding of how reverse mortgages work and whether they might be a viable option for your retirement strategy!

Topics discussed: 

  • The misconceptions and realities of reverse mortgages.
  • The process of securing a reverse mortgage and how it can impact your financial planning.
  • How reverse mortgages can be used to purchase a new home, allowing retirees to downsize or find a more suitable living situation.
  • Real-life examples of how a reverse mortgage can alleviate financial stress in retirement.
  • 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 Chad Peck: 

About Guest

Chad Peck is the owner of Reverse Freedom Mortgage, has been in the mortgage business since 2003, and has been focused primarily on reverse mortgages for the past 15 years. Chad has a passion for working with clients 62 and older to provide them with a more comfortable and secure retirement.

Chad enjoys getting to know his clients. Whether you need 40 minutes or 4 hours, he will spend the time to make sure all your questions are answered.

He has worked with hundreds of clients over the years and provides educational seminars to help people understand the benefits of a reverse mortgage.

Podcast: Play in new window | Download | Embed

Subscribe: RSS | More
Optimizing Your Social Security With Dave Whitworth (Ep. 6)

Optimizing Your Social Security With Dave Whitworth (Ep. 6)

By |

Curious about how timing your Social Security could maximize your benefits?

Join Tyson and Ryan Thacker from B.O.S.S. Retirement Solutions as they welcome their long-time friend and Investment Advisor Representative, Dave Whitworth, to break down the complexities of Social Security. Together, they cover crucial topics such as how to decide the best time to claim Social Security, how it integrates into your overall retirement plan, and how to avoid common pitfalls. 

Tyson, Ryan and Dave discuss: 

  • The timing issue of Social Security and how the B.O.S.S. Retirement Blueprint and help
  • Considerations for spousal and dependent benefits
  • Tax implications of Social Security benefits and how to manage them
  • Real-life examples of how personalized strategies can optimize Social Security
  • And more

Resources:

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

3 Ways to Respond:

Connect with Tyson Thacker: 

Connect with Ryan Thacker: 

Connect with Dave Whitworth: 

About Guest

Dave Whitworth is a licensed insurance agent and currently serves as an Investment Advisor Representative at B.O.S.S. Retirement Solutions.

Podcast: Play in new window | Download | Embed

Subscribe: RSS | More
Unpacking The B.O.S.S. Retirement Scorecard Part 2 (Ep. 5)

Unpacking The B.O.S.S. Retirement Scorecard Part 2 (Ep. 5)

By |

Many people believe that saving a million dollars is the golden ticket to a perfect retirement.

However, without a comprehensive plan, that million can quickly diminish. Let’s break down why.

Join Tyson Thacker and Ryan Thacker as they continue their breakdown of the B.O.S.S. Retirement Scorecard. Follow along to learn how to assess essential retirement aspects such as debt, cash reserves, different income streams, and social security, in order to help you prepare and craft a strong retirement plan.

Tyson and Ryan discuss: 

  • The personal experience with their family cabin and how it inspired the B.O.S.S. Retirement Scorecard
  • How to rate your retirement readiness based on debt, cash, income, and social security
  • The importance of having a well-rounded plan covering investments, healthcare, and legacy planning
  • Tips for identifying areas for improvement and taking actionable steps to strengthen your retirement plan
  • And more

Resources:

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

3 Ways to Respond:

Connect with Tyson Thacker: 

Connect with Ryan Thacker: 

Podcast: Play in new window | Download | Embed

Subscribe: RSS | More
Unpacking The B.O.S.S. Retirement Scorecard Part 1 (Ep. 4)

Unpacking The B.O.S.S. Retirement Scorecard Part 1 (Ep. 4)

By |

The years leading up to retirement are filled with excitement and angst.

But for many, that can change once you actually step into retirement.

Join Tyson Thacker and Ryan Thacker as they dive into the often overlooked mental hurdles people face when transitioning into retirement. Drawing from personal family experiences and their extensive professional background, they discuss the importance of not just focusing on what you want to do to lead a fulfilling retirement but also what you want to be cautious of. Follow along to learn actionable strategies and hear about their unique B.O.S.S. Retirement Scorecard, a tool designed to help you map out your retirement vision and achieve peace of mind.

Ryan and Tyson discuss: 

  • Common fears in retirement and how to address them
  • The B.O.S.S. Retirement Scorecard and its role in creating a personalized retirement plan
  • Real life stories about planning for retirement and overcoming challenges
  • The importance of having multiple streams of income for financial security in retirement
  • And more

Resources:

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

3 Ways to Respond:

Connect with Tyson Thacker: 

Connect with Ryan Thacker: 

Podcast: Play in new window | Download | Embed

Subscribe: RSS | More