What If This Turns Out to Be a Terrible Time to Retire?

If you're simply asking the question about what correct withdrawal rate for your retirement is - you're likely not the type of person who is going to run out of money. That's the message shared by Jordan Grumet of The Purpose Code. He says "The simple act of asking, "Should I spend 3.2%, 4%, or 5%?" reveals something telling: You've done the work. You've built the nest egg. You understand the mechanics. You're in the game." More about his article and the data behind it is shared in today's episode. We also answer a listener question about how to spend at their calculated rate without worrying, and wrap it up with a great "Retire To Something" segment. Resource: Article by Jordan Grummet at The Purpose Code: Why You're Wasting Time Worrying About Safe Withdrawal Rates

Good news! A lot of IRA mistakes can be fixed - according to a Wall Street Journal article, which we cover in our headline segment. In our Listener Question segment, Tom is leaving his corporate job next year - when he turns 55 - and wants to use the Rule of 55 to take money out of his 401(k) without the 10% penalty. And we wrap it up with motivation in our "Retire To Something" segment.

A special recording from Andy Panko for his Retirement Planning Education Podcast: We discuss how the financial industry is evolving, the common struggles of "super savers" in retirement, and the importance of aligning financial decisions with life goals, not just spreadsheets. We talk about the role of Monte Carlo simulations, the importance of flexibility in financial plans, and the evolving role of advisors in a changing world. It's a conversation that encourages you to find joy and flexibility in your retirement journey. Resource: Andy's podcast: Retirement Planning Education

Employee benefits are one of the most overlooked aspects of financial planning. We often check a few boxes during open enrollment and move on—but are we truly maximizing what's available to us? This week, we sit down with Joe Saul-Sehy, host of Stacking Benjamins, to uncover the hidden value in workplace benefits. From disability insurance pitfalls to term vs. whole life insurance, Joe walks us through key strategies to ensure we're not leaving money (or protection) on the table. Joe also introduces a powerful HR benefits guide, a resource designed to help us navigate workplace perks with confidence. Whether it's understanding own-occupation disability insurance, avoiding junk policies, or knowing when to self-insure, this conversation is packed with actionable advice. If you've ever wondered whether you're making the most of your benefits—or if you're just blindly accepting what's offered—this episode is for you. Resources & People Mentioned Benefits Guide: https://www.stackingbenjamins.com/benefits Website: Stacking Benjamins

Did you receive a windfall late in the year and then get penalized for not paying estimated taxes on it earlier? It doesn't seem fair, but the IRS might levy a penalty for that. There is a way to fix it - and similarly for RMDs you might take out in December too. That's the main focus on today's Retirement Headline - and it fits in nicely with our Listener Question as well. Resources: Article by Jeff Levine on the Nerd's Eye View Blog: Using Retirement Accounts To Reduce Estimated Tax Penalties Via Tax Withholding From (Required Minimum) Distributions IRS form 2210: Underpayment of Estimated Tax by Individuals, Estates, and Trusts