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Planning for retirement is a journey, and choosing the right financial advisor is one of the most critical decisions you'll make. In this episode of Retire Ready, host Kyle Hammerschmidt unpacks the essentials for finding the perfect advisor to guide you through the complexities of retirement planning.

🔑 What You'll Learn:
- The Six-Point Checklist:
- Fee-only financial advisors and why their transparency matters.
- The importance of independence for unbiased advice.
- Fiduciary duty and its impact on your financial future.
- Tax-focused planning to minimize your retirement tax burden.
- Tailored strategies designed for your unique financial goals.
- Why your advisor's age and specialization make a difference.
- Actionable Tips: How to evaluate potential advisors and align their expertise with your retirement needs.
- Real Insights: Examples and explanations to help you navigate the "decumulation phase" with confidence.

Whether you're within 10 years of retirement or on the cusp, this episode equips you with the knowledge to secure your financial future.

Connect With Us:
Website: https://mokanwealth.com/
Tik Tok: https://www.tiktok.com/@retirewithkyle
Instagram: https://www.instagram.com/retirewithkyle/
Facebook: https://www.facebook.com/mokanwealth
Retire Ready Academy: https://retirereadyacademy.org/

Subscribe to The Retire Ready Weekly Newsletter
Get more information on The Retire Ready Academy
Looking for personalized financial planning? Visit our website

Disclosure: You should always consult a financial, tax, or legal professional familiar with your unique circumstances before making any financial decisions. This podcast is intended for educational purposes only. Nothing in this podcast constitutes a solicitation for the sale or purchase of any securities. Any mentioned rates of return are historical or hypothetical in nature and are not a guarantee of future returns. Past performance does not guarantee future performance. Future returns may be lower or higher. Investments involve risk. Investment values will fluctuate with market conditions, and security positions, when sold, may be worth less or more than their original cost. MOKAN Wealth Management is a registered investment adviser with the SEC. Registration of an investment adviser does not imply a certain level of skill or training.

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In this episode, Kyle dives into a real-world retirement planning case study featuring a pre-retiree couple in their early 60s with diverse income streams, including Social Security, pensions, rental income, and investments. This discussion addresses three main concerns: maximizing Social Security, implementing a strategic Roth conversion plan, and developing an efficient withdrawal strategy.

Kyle highlights how the couple’s financial choices—such as delaying Social Security, leveraging Roth conversions, and adjusting spending based on market performance—will impact their financial security over time.

Tune in to learn how these strategies are customized to balance income needs, manage taxes, and build flexibility for future adjustments. This episode is packed with insights on how to prepare for early retirement, navigate market fluctuations, and support long-term goals, making it a must-listen for anyone approaching retirement.

Connect With Us:
Website: https://mokanwealth.com/
Tik Tok: https://www.tiktok.com/@retirewithkyle
Instagram: https://www.instagram.com/retirewithkyle/
Facebook: https://www.facebook.com/mokanwealth
Retire Ready Academy: https://retirereadyacademy.org/

Subscribe to The Retire Ready Weekly Newsletter
Get more information on The Retire Ready Academy
Looking for personalized financial planning? Visit our website

Disclosure: You should always consult a financial, tax, or legal professional familiar with your unique circumstances before making any financial decisions. This podcast is intended for educational purposes only. Nothing in this podcast constitutes a solicitation for the sale or purchase of any securities. Any mentioned rates of return are historical or hypothetical in nature and are not a guarantee of future returns. Past performance does not guarantee future performance. Future returns may be lower or higher. Investments involve risk. Investment values will fluctuate with market conditions, and security positions, when sold, may be worth less or more than their original cost. MOKAN Wealth Management is a registered investment adviser with the SEC. Registration of an investment adviser does not imply a certain level of skill or training.

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In this episode, we’re diving into a topic that’s going to impact everyone’s finances in the coming year: the new 2025 federal income tax brackets. The IRS recently announced adjustments to the tax bracket ranges to keep up with inflation, helping taxpayers avoid "bracket creep" — the phenomenon where inflation alone pushes you into a higher tax bracket without any real gain in purchasing power.

We’ll break down what these changes mean for different income levels and compare them to 2024’s brackets. Plus, we’ll explore updates to the standard deduction, which could significantly affect your taxable income. And looking ahead, we’ll discuss the upcoming sunset of the Tax Cuts and Jobs Act and its potential effects on tax rates.

By the end of this episode, you’ll have a clear understanding of how these adjustments could affect your take-home pay, retirement planning, and overall tax strategy. Tune in to get informed and empowered to make smart decisions in the evolving tax landscape.

Sources:
https://www.thetaxadviser.com/issues/2023/dec/tax-planning-for-the-tcjas-sunset.html

https://www.kiplinger.com/taxes/new-income-tax-brackets-are-set

Connect With Us:
Website: https://mokanwealth.com/
Tik Tok: https://www.tiktok.com/@retirewithkyle
Instagram: https://www.instagram.com/retirewithkyle/
Facebook: https://www.facebook.com/mokanwealth
Retire Ready Academy: https://retirereadyacademy.org/

Subscribe to The Retire Ready Weekly Newsletter
Get more information on The Retire Ready Academy
Looking for personalized financial planning? Visit our website

Disclosure: You should always consult a financial, tax, or legal professional familiar with your unique circumstances before making any financial decisions. This podcast is intended for educational purposes only. Nothing in this podcast constitutes a solicitation for the sale or purchase of any securities. Any mentioned rates of return are historical or hypothetical in nature and are not a guarantee of future returns. Past performance does not guarantee future performance. Future returns may be lower or higher. Investments involve risk. Investment values will fluctuate with market conditions, and security positions, when sold, may be worth less or more than their original cost. MOKAN Wealth Management is a registered investment adviser with the SEC. Registration of an investment adviser does not imply a certain level of skill or training.