When it comes to taxes in retirement, most people only think about last year’s return. But focusing only on history can cost you tens of thousands of dollars over your lifetime. In this episode, we break down the critical difference between a tax accountant (historian) and a tax planner, and why you may need both.
You’ll learn why accountants often focus on minimizing taxes this year, while planners look decades ahead, helping you avoid April surprises, create flexibility, and reduce your lifetime tax bill. We’ll share real examples of clients who avoided five-figure tax shocks by planning just one to two years ahead—and why “no surprises” is one of the most valuable gifts in retirement planning.
If you want to understand how proactive planning can save you stress, money, and headaches, this episode is for you.

I sat down with somatic health coach Mitch Webb to unpack one of the most overlooked pillars of retirement: your health.
We often spend decades building careers, growing wealth, and planning tax strategies — but if our bodies break down, what’s the point? Mitch explains how a dysregulated nervous system, poor nutrition, and chronic stress can quietly rob us of the very freedom we’re working toward.
We cover:
How high-achievers can transition from a go-go lifestyle into a healthy retirement.
Why “wealth means nothing without health.”
Practical, low-barrier steps you can start today: nutrition shifts, nervous system regulation, daily movement, and habit stacking.
How to avoid the “duck syndrome” of calm on the surface, but stressed and anxious underneath.
If you want to enjoy your retirement years with energy, clarity, and longevity, this conversation is a must-listen.
 

Are your taxes really going to be lower in retirement? Many financial advisors and rules of thumb assume so, but for high-earning savers and retirees with large IRAs or 401(k)s, the reality is often very different. In this episode, Rick Luchini breaks down the myth of lower retirement taxes and explores why many retirees actually face similar or even higher tax bills in retirement.
We’ll cover the impact of Roth IRAs vs. traditional IRAs, how Roth conversions can create flexibility, and why taxable brokerage accounts are often underrated in retirement planning. You’ll learn about required minimum distributions (RMDs), the so-called “retirement tax bomb,” and how taxes can unexpectedly explode when a surviving spouse inherits retirement accounts and is forced into higher tax brackets.
If you’re planning for retirement—or already retired—this discussion will give you actionable insights on tax-efficient withdrawal strategies, avoiding sticker shock, and why flexibility matters more than outdated rules of thumb.
✅ Learn how to protect yourself from unexpected retirement taxes✅ Understand when Roth accounts make sense✅ Avoid common tax planning mistakes that could cost you thousands

Are you approaching retirement and worried about taxes? In this episode of Advised, we dive into the reality of Roth conversions, IRAs, RMDs, and retirement tax planning—and why so many people experience sticker shock when they first see the tax bill.
Too often, retirees hesitate on powerful strategies like Roth IRA conversions because they’re focused only on the short-term cost instead of the long-term lifetime tax savings. Rick breaks down how to make these decisions without fear, including:
Why writing a big check to the IRS today could save you hundreds of thousands in the future
How Required Minimum Distributions (RMDs) force taxable withdrawals and how to plan around them
Balancing Roth conversions with healthcare premiums, Medicare surcharges, and inheritance planning
Why fees and financial advisor costs aren’t just expenses—they’re investments in value and strategy
Whether you have a seven-figure IRA or a more modest retirement account, this episode will help you see the bigger picture and align your money decisions with your goals, values, and legacy.

In this episode, we break down the “Big Beautiful Bill” — a major piece of tax legislation that could significantly impact your retirement planning, paycheck, and overall financial strategy. Whether you're retired, working overtime, collecting Social Security, or just trying to make smart tax moves, this bill matters.
 No change to tax brackets? That’s actually a win.
 New senior deduction? More wiggle room for Roth conversions.
Tips and overtime deductions? Big deal for working families.
Capital gains and qualified dividends? Still tax-friendly.
No, your Social Security isn’t magically tax-free.
What this all really means for your financial plan — and how to act on it.
Perfect for pre-retirees, retirees, and high-income earners who want to keep more of their money and avoid costly tax mistakes. Don’t miss this clear, no-BS walkthrough of what changed, what didn’t, and how to plan accordingly.
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In this episode, we dive deep into Roth IRAs, Roth conversions, and the most common mistakes people make when trying to take advantage of these powerful retirement planning tools. Whether you're thinking about a backdoor Roth IRA, navigating the pro-rata rule, or wondering when it’s smart to convert your traditional IRA to a Roth, this episode is packed with practical, strategic advice.
We break down when Roth conversions make sense (and when they don’t), how to avoid costly tax surprises, and why understanding your current and future tax brackets is crucial. We also explore Medicare IRMAA surcharges, Social Security tax traps, and the flexibility Roth accounts offer in retirement.
If you’re a high-income earner, in your 40s or 50s, or nearing retirement and want to optimize your tax strategy, this episode is a must-listen. Learn how to build tax-free income, reduce future RMDs, and make smarter financial decisions.
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Most retirees never plan for the financial impact of losing a spouse — here's what you need to know before it happens.
In this episode, we discuss a crucial but often overlooked part of retirement planning: preparing for the loss of a spouse. If you're planning for retirement, understanding what happens financially when a spouse passes away is essential. We cover the impact on Social Security benefits, pension decisions, retirement income changes, tax implications, and the importance of estate planning. Whether you're nearing retirement or already retired, these personal finance strategies can help you protect your future and minimize financial stress during difficult times. Learn how to adjust your financial plan, update beneficiaries, avoid probate, and build a support system to navigate the emotional and financial aftermath of losing a spouse. Don't leave these important conversations for later — proactive planning is key to a secure retirement!
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#PersonalFinance #RetirementPlanning #SocialSecurity #EstatePlanning #WidowPlanning #FinancialAdvisor #RetirementIncome
⏱ CHAPTERS00:00 – Intro: Why this topic matters00:23 – Planning for the unexpected death of a spouse01:08 – How retirement income changes02:26 – Understanding Social Security survivor benefits04:35 – Pension decisions and survivor options05:00 – How taxes change for surviving spouses06:36 – Updating your retirement tax plan07:25 – Planning for potential spending increases09:05 – Probate, estate planning, and account registrations12:43 – Simplifying finances for the surviving spouse13:45 – Emotional considerations and building a support system14:25 – Final thoughts

In this eye-opening episode, we dive into one of the biggest misconceptions in personal finance and retirement planning: retirement spending isn't flat. Learn how the "Retirement Smile"—also known as the Go-Go, Slow-Go, and No-Go Years—affects how much you should spend and when. Discover how dynamic retirement income planning helps you avoid underspending during your healthiest years, and why maximizing experiences can be more valuable than maximizing your Social Security benefits.
We'll show you how traditional tactics like the 4% rule and flat annuity income can lead to regret—and what to do instead. Whether you're in your 50s, 60s, or already retired, this is a must-listen for optimizing your retirement lifestyle and avoiding financial regret.
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Retirement isn’t just about your savings and investments—it’s about designing a fulfilling lifestyle! In this episode, we’re diving into five crucial non-financial things you need to plan for before you retire. If you're in your 50s or 60s and thinking about retirement, this is a must-Listen.
🔹 What You’ll Learn in This Episode:✅ The importance of finding purpose beyond your career✅ Why having a daily routine matters more than you think✅ How to maintain strong social connections in retirement✅ The role of health and wellness in long-term happiness✅ Deciding where to live in retirement—downsizing, relocating, or aging in place
 
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Are you panicking over recent market downturns?  In this episode, I dive into a critical client meeting that revealed two major lessons: perspective and empathy. Whether you're navigating personal finance, investing for retirement, or simply trying to understand the market's ups and downs, this episode will provide actionable insights to help you stay calm, focused, and financially secure.
🔹 Topics Covered:✅ How emotions impact investment decisions✅ Why market downturns aren’t the end of the world✅ The right way to build a resilient financial plan✅ Roth conversions & tax strategies for downturns✅ The power of long-term investing over market timing
⏰ CHAPTERS00:00 - Introduction & Client Story01:55 - The Market Fear Cycle: Why Investors Panic04:14 - The Real Concern: Running Out of Money?06:54 - The Cost of Market Timing vs. Long-Term Growth10:36 - Strategies to Navigate Market Volatility12:45 - Roth Conversions: A Hidden Opportunity14:33 - Tax Loss Harvesting & Smart Financial Moves16:59 - The Power of Perspective: Zooming Out