Retirement And Money Matters

John recently had the opportunity to sit with 3x World Series champion Dave Stewart. Stewart earned the nickname “Smoke,” and was one of the most notable pitchers in baseball during his 16-year major league career. John and Dave discuss career highlights, the famous earthquake that shook up an important game and Stewart’s post-baseball life today.   

John recently attended the celebrity filled event “The 2nd Annual Ugly Sweater Golf Tournament” hosted by NFL Hall of Famer, Andre Reed. Reed is considered to be one of the greatest receivers in Buffalo Bills history, started in five AFC championship games and four Super Bowls. After he hung up his cleats, Reed established The Andre Reed Foundation in 2010. Working closely with the Boys & Girls Club of America across the country, Reed has launched his READ with Reed 83 in 6 NFL cities this year. The goal is to encourage kids to READ at least 30 minutes a day.     John and Andre discuss his overall NFL career, that famous missed 47-yard field goal during the 1991 Super Bowl, his foundation and much more – listen now!  

As 2019 comes to a close, what are some financial items on your list you should be checking twice?  On this episode, John discusses the one thing you can do a year to help you save more for retirement. Did you know 22% of Americans aren’t sure if they are paying fees in their 401(k)? Find out the 3 common 401(k) mistakes that could cost you THOUSANDS! And finally, how to avoid a 50% penalty on your RMDs! Get more details on the website, www.jpdcapitalmanagement.com!

Did you know Americans think the ideal age to retire is 61? But, with Americans living longer your retirement savings need to last longer too. The Stanford Center on Longevity found the key to a successful retirement is delaying SS until age 70 and that 70 is the new 65 – meaning you should retire later, rather than sooner.  Then, the #1 fear of planning for retirement is running out of money. John discusses four ways to not outlive your retirement savings, how you could have guaranteed income you can’t outlive and much more!  

Another pension plan is biting the dust: General Electric is freezing pensions for some 20-thousand employees … and offering buyouts for 100-thousand former employees. That’s scary news for anyone who’s been counting on a pension to bolster their retirement – any advice for those people? Then,Kiplinger says one of your goals should be to maneuver yourself into the lowest tax bracket possible,every year of your retirement.  John can show you how!

What’s your “magic number” in retirement? Basically, how much money would it take to make you feel confident that you have saved enough? With the #1 fear of running out of money, this needs to be specific, right? So, how do we come up with a realistic number? On average, Americans believe they need $1.7 million to retire, according to a survey from Charles Schwab, which looked at 1,000 401(k) participants nationwide. It’s important to remember that nothing is cookie cutter when it comes to income planning, so while $1.7 million may work for some, it may not work for you. The first step to finding your “magic number,” is sitting down with a professional, experienced financial advisor. Contact John of Dubots Capital Management today!   

Happy 84th Birthday Social Security! President Franklin D. Roosevelt was signed Social Security into law on Aug. 14, 1935 and is now responsible for issuing more than 63 million benefit checks a month.  A recent study found that 57% of current SS recipients filed for benefits before 65, with age 62 being the most popular at 34%.  Social Security is part of your retirement puzzle, it has to fit just right. Once you educate yourself and decide when you should claim, the next question is how can you increase your SS payments? Well, here’s the good news: with nearly 30 years’ experience, John Dubots, of Dubots Capital Management, shares 10 ways to increase your Social Security payments.

57% of current Social Security recipients filed for benefits before 65, 34% filed at 62.  But, did you know that if you claim at 62, you’re only getting 70% of your full benefit? But, if you wait until you’re 70, that’s 125% of your full benefit! That’s a HUGE difference for guaranteed lifetime income.  Plus, healthcare is one of the biggest expenses you’ll face in retirement. The average couple retiring today will have to cover $280,000 in healthcare costs, how can you prepare for these rising costs?

This year marks a 10-year bull run for the S&P 500 and most recently, the market hit all-time record highs, what’s to come next?  A recent Market Watch column warned that the next bear market is going to spark a retirement “crisis.”  Is that just unavoidable, or are there steps we can take to protect ourselves?  

The National Debt has reached $22 trillion, how can this effect your taxes and planning for retire? What is the future of taxes? Is a Roth/traditional IRA and 401(k) the answer for tax free retirement?   

Business attorney David Shoup (www.ShoupLegal.com) joins John to discuss issues concerning business owners such as: entity structure (sole prop, C  Corp, LLC) and tax issues facing business owners. Plus, if you’re ready to retire, what are some exit strategies and business continuation tools you should consider?

What’s the most researched question about retirement on Google? Plus, how much do you really need to retire? Should you claim SS immediately or wait until you are 70? John answers these questions and more in this episode, you don’t want to miss it!   

What will your taxes look like in retirement? Is it possible to have a tax-free retirement? Some estimate that Social Security will end in 2035, what does that mean for you and your spouse? Plus, how do you know if your income is enough to last as long as you do?  

One of the most overlooked, but perhaps most important, aspects of Social Security is whether you’ll have to pay taxes on your monthly benefits. How does the National debt influence our taxes? And, is it possible to live a tax free retirement?

How will the new tax reform impact you?  Will your taxes be higher or lower when you enter retirement? Does it matter who is in the white house when it comes to your taxes? What can you do today to ensure better future returns?

On this episode, hear why it’s so important to find out now what your future benefits are likely to be. How can you maximize your social security? When is the right time to claim?   Plus, some say that Social Security Trust Funds may run dry by 2034, if so, how will this affect you?

Do you the difference between a financial plan and a retirement plan? You don’t have to be “all in” the market to be successful, John explains different strategies that protect you and grow your assets despite what's going on in the market. Plus, the #1 fear in retirement is running out of money, John explains how he can get you guaranteed income for life.