You’ve likely spent your entire lifetime saving for retirement. How do you make sure the money lasts as long as you do? How do you make sure you enjoy your retirement? It’s a balancing act for which there may be a solution.

Matthew Jarvis is a Financial Advisor who runs Jarvis Financial, located in Seattle, WA. He’s also the host of the podcast “The Perfect RA” and the author of the book “Delivering Massive Value.”

In this episode of Retire with Ryan, Matthew discusses the concept of retirement guardrails, how they work, and who they’re for. If you’re looking for a spending strategy that often leads to a successful retirement, this episode is for you.

• [0:56] Introducing this week’s guest, Matthew Jarvis
• [1:55] The big problems with the 4% rule
• [3:59] Why Matthew uses retirement guardrails
• [8:02] What if you can’t afford retirement guardrails?
• [10:20] How guardrails work for you
• [12:51] How frequently you should evaluate your guardrails
• [18:29] The five-year war chest
• [22:46] Who is the strategy for?
• [25:06] Don’t be afraid to get a second opinion

• Retirement Readiness Review
• Subscribe to the Retire with Ryan YouTube Channel
• BOOK: Delivering Massive Value
• The Perfect RIA podcast

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How much money do you need to save for retirement? $500,000? $2 million? The answer will never be the same. It’s specific to you. So how do you figure it out? In this episode of Retire with Ryan, I’ll share five steps you can follow to determine how much you need to retire.

• [1:25] Step #1: Calculate your budget for retirement
• [4:11] Step #2: Calculate what you’ll receive from Social Security
• [5:10] Step #3: Are you eligible for a pension?
• [5:40] Step #4: Will you have any other income sources?
• [6:27] Step #5: Look at your investments to see what you can withdraw
• [9:28] Go through this exercise to determine exactly what you need

• Retirement Readiness Review
• Subscribe to the Retire with Ryan YouTube Channel
• Get a FREE budget template on my website
• Check out all of my episodes on Medicare

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Could Social Security become tax-free? As the political scene heats up leading up to the 2024 Presidential Elections, and both candidates make their case for election, the topic of taxation has come up.

Former President Trump has promised that Social Security won’t be taxed if he’s elected. What could that mean for you? How is it currently taxed? I cover the details in this episode of Retire with Ryan.

• [1:35] How to get a copy of my new book!
• [2:20] The potential impact of Social Security not being taxed
• [4:50] I don’t believe we’ll see it happen: here’s why
• [5:52] How Social Security is currently taxed

• Retirement Readiness Review
• Subscribe to the Retire with Ryan YouTube Channel
• Fiduciary: How to Find, Hire, and Establish an Aligned and Trusted Partnership with a Fee-Only Financial Advisor
• Episode #206: Is Social Security Going Broke?
• Income Taxes and Your Social Security Benefit

www.MorrisseyWealthManagement.com/contact

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Did you take out a parent PLUS loan or private loan to help your kids pay for college? Are you still struggling to pay off those loans?

According to StudentAid.gov, over 9 million people over 50 have student loan debt. Of those, over 1 million have loan balances north of $100,000.

If you’re nearing retirement, the last thing you want on your plate is student debt. In this episode of Retire with Ryan, Erik Kroll shares the best way to manage student loan repayment.

• [2:17] The different types of Federal student loans
• [5:32] Private loans versus PLUS loans
• [8:07] The forgiveness programs available
• [9:37] Student loan repayment options
• [22:40] How to start the consolidation process
• [25:48] What to do if you need help with the process

• Retirement Readiness Review
• Subscribe to the Retire with Ryan YouTube Channel
• Student Loans Over 50
• Federal Student Loan Portfolio
• Public Service Loan Forgiveness Program
• StudentAid.gov
• Email Erik at Erik(at)StudentLoansOver50.com
• Set up a phone call with Erik at StudentLoansOver50.com

www.MorrisseyWealthManagement.com/contact

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If you’ve inherited an IRA from someone who wasn’t your spouse since 2020, you can’t miss this episode. Why? The IRS has finally cleared up a lot of questions that had been left unanswered about inherited IRAs from a non-spouse. Though I’ve covered the topic in previous episodes, I wanted to break down the regulation further in this episode.

• [1:57] The SECURE Act’s impact on inherited IRAs
• [4:21] The new IRS regulations
• [6:30] Eligible designated beneficiaries
• [7:52] Non-eligible designated beneficiaries
• [11:07] Do some tax projections
• [12:34] Satisfying distribution requirements

• Retirement Readiness Review
• Subscribe to the Retire with Ryan YouTube Channel
• Fiduciary: How to Find, Hire, and Establish an Aligned and Trusted Partnership with a Fee-Only Financial Advisor
• IRS Single Life Expectancy Table
• Episode #180: New Beneficiary IRA Distribution Requirements
• Episode #200: IRS Update for Inherited IRAs and Roth IRAs

www.MorrisseyWealthManagement.com/contact

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In March, The National Association of REALTORS® (NAR) settled an antitrust lawsuit. The lawsuit alleged that NAR didn’t allow sellers to negotiate what they could pay buyer’s agents. The changes outlined in the settlement will impact “business as usual.”

As of August 17th, 2024, the way home-buying and selling transactions happen will change. Raquel Fernandez—a realtor with over 20 years of experience—joins me to share what the changes look like for buyers, sellers, and their brokers. Anyone who owns a home—or is looking to buy one—needs to know this information.

• The NAR lawsuit is settled: Now what? [1:20]
• What do the changes mean for you? [2:56]
• Debunking the fake news [9:49]
• What happens if the seller doesn't pay commissions? [16:42]
• What do the changes mean for the future? [27:00]

• Retirement Readiness Review
• Subscribe to the Retire with Ryan YouTube Channel

www.MorrisseyWealthManagement.com/contact

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What steps should you take to get your financial life in order after a divorce? In this episode of Retire with Ryan I lay out, step-by-step, the checklist of things you’ll want to look over, everything from calculating your net worth to designating beneficiaries. There’s a lot to consider. My aim is to simplify the process so that you can focus on what really matters—rebuilding your life.

• [0:45] Recap of the last two episodes
• [1:15] Organize your net worth and budget
• [4:27] Review insurance coverage
• [6:28] Review overall debt
• [8:27] Consider hiring a financial advisor
• [9:32] Review your retirement plan
• [10:38] Review your estate plan

• Retirement Readiness Review
• Subscribe to the Retire with Ryan YouTube Channel
• Get a free copy of my net worth statement and budget spreadsheet
• Use my “I love you letter” template
• Fiduciary: How to Find, Hire, and Establish an Aligned and Trusted Partnership with a Fee-Only Financial Advisor
• LegalZoom
• Trust & Will

www.MorrisseyWealthManagement.com/contact

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In episode #211, we talked about the information you need to gather to prepare to file for divorce and the initial proceedings. But what financial steps do you need to take during a divorce? How do you figure out what life will look like on the other side? How does splitting your assets actually work? Renée C. Bauer—an experienced family law attorney and mediator—joins me in this conversation to help flesh out the details.

Renée has been practicing law since 2003. She’s also the author of two books, “Divorce in Connecticut,” and “She Who Wins” and the host of the “Happy Even After” podcast.

• [2:16] You’ve filed for divorce—now what?
• [5:28] Creatively diving into each person’s goals
• [10:41] Handling the sale of a house you co-own
• [12:52] How to separate a co-owned business
• [15:54] The Fair and Equitable Division of Assets
• [17:41] What happens if no agreement is reached?
• [20:27] Where retirement assets land in the process
• [23:24] Why a 50/50 split is the starting point
• [27:47] Unraveling emotional attachments
• [30:00] Taking control of your finances

• Retirement Readiness Review
• Subscribe to the Retire with Ryan YouTube Channel
• Episode #211: Financial Steps to Take Before Divorce
• Happy Even After Family Law
• The Happy Even After” podcast
• Qualified Domestic Relations Order
• Connect with Renée on Instagram

www.MorrisseyWealthManagement.com/contact

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