Episodes
Episodes
4 days ago
4 days ago
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insights on tax-efficient withdrawal strategies, avoiding sticker shock, and why flexibility matters more than outdated rules of thumb.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
Tuesday Aug 19, 2025
Roth Conversions: Pay Now or Pay Later?
Tuesday Aug 19, 2025
Tuesday Aug 19, 2025
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.
Wednesday Jul 09, 2025
The Big Beautiful Bill: What It Means for Your Taxes
Wednesday Jul 09, 2025
Wednesday Jul 09, 2025
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.
Subscribe for more personal finance and retirement planning content!
Tuesday May 20, 2025
Roth IRA Mistakes to Avoid
Tuesday May 20, 2025
Tuesday May 20, 2025
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.
🔔 Subscribe for expert tips on personal finance, tax planning, and retirement strategies.
Thursday May 01, 2025
Hidden Retirement Risk: Early Death of Spouse Planning
Thursday May 01, 2025
Thursday May 01, 2025
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!
👉 Subscribe for more expert advice on personal finance, retirement income strategies, and wealth management.
#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
Thursday Apr 17, 2025
Spending Too Little In Retirement | How to Avoid The Regret Zone
Thursday Apr 17, 2025
Thursday Apr 17, 2025
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.
🔔 Subscribe for more personal finance, retirement planning strategies, and smart investing tips!
Tuesday Apr 01, 2025
Top 5 Non-Money *MUST-HAVES* Before Retirement
Tuesday Apr 01, 2025
Tuesday Apr 01, 2025
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
#advisedpodcast
Tuesday Mar 18, 2025
Market Volatility & The Lessons Learned From A Client Meeting
Tuesday Mar 18, 2025
Tuesday Mar 18, 2025
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
Tuesday Mar 11, 2025
The Best Kept Secret In Retirement Savings
Tuesday Mar 11, 2025
Tuesday Mar 11, 2025
In this episode, we uncover one of the best-kept secrets in retirement planning—the taxable brokerage account. While many focus on 401(k)s, Roth IRAs, and traditional IRAs, a taxable brokerage account provides unmatched flexibility, no contribution limits, and unique tax advantages.
💰 Key Topics Covered: ✔️ What is a taxable brokerage account and who can open one? ✔️ Why high earners & business owners should consider investing beyond retirement accounts ✔️ How to leverage long-term capital gains for lower tax rates ✔️ The power of tax-loss harvesting & tax-gain harvesting for smarter investing ✔️ Using brokerage accounts for early retirement, college savings, and generational wealth ✔️ How to avoid common tax mistakes and maximize returns
If you're serious about personal finance, investing, and retirement planning, this episode is a must-watch! Don't forget to LIKE, SUBSCRIBE, and hit the NOTIFICATION BELL for more expert insights.
🔔 Follow for more personal finance & retirement tips!
#RetirementPlanning #PersonalFinance #Investing #TaxPlanning #FinancialFreedom #WealthBuilding #BrokerageAccounts #401k #RothIRA
Tuesday Mar 04, 2025
Creator of 4% Rule Reveals His New Retirement Strategy | with Bill Bengen
Tuesday Mar 04, 2025
Tuesday Mar 04, 2025
In this episode, we welcome legendary retirement researcher Bill Bengen, the creator of the original 4% rule, to discuss his latest findings and how retirement withdrawal strategies have evolved. If you’re planning for financial independence, early retirement, or traditional retirement, this episode is essential!
🔹 What is the new 4% rule, and how has it changed?🔹 How to determine a safe withdrawal rate in today’s market🔹 The impact of inflation on retirement portfolios🔹 Stock market valuation and its role in retirement planning🔹 How to avoid running out of money in retirement🔹 Investment strategies to maximize long-term wealth
Bill also shares insights from his new book, "A Richer Retirement: Supercharging the 4% Rule," where he reveals his latest research, updated safe withdrawal rates, and ways to optimize your retirement income strategy.

Welcome to The Advised Podcast: Your Path to Financial Empowerment!
Are you tired of sifting through financial jargon and feeling left out of the loop when it comes to your finances? Look no further. The Advised Podcast is here to equip you with the practical financial advice you've been craving – advice that's typically reserved for those with hefty portfolios. Hosted by Rick Luchini, a financial advisor with a mission to democratize financial wisdom, this podcast is your go-to source for navigating the financial landscape.
Who We Are:
The Advised Podcast is tailor-made for working professionals who are determined to make astute financial choices before they approach retirement age. We believe that everyone deserves the chance to optimize their financial decisions, regardless of their career or background. Our aim is to empower you with actionable advice that bridges the gap between your aspirations and your fiscal reality.
Unlocking Financial Insights:
Join us as we sit down with industry experts who shed light on the intricacies of finance and unveil common misconceptions. Our engaging interviews provide you with practical takeaways that can transform your financial outlook. We're here to guide you through the labyrinth of financial choices, so you can confidently make decisions that resonate with your goals.
Why We Stand Out:
At The Advised Podcast, we're redefining the norms of financial guidance. Host Rick Luchini, a seasoned financial advisor, challenges the status quo by offering expert insights without the hefty price tag. We understand that the financial advisory landscape often overlooks the needs of the working class. Our mission is to bridge that gap by providing you with the knowledge and tools you need to make informed financial decisions.
Educational, Energetic, and Empowering:
Expect an engaging blend of education and energy in every episode. Our conversational approach makes complex financial concepts accessible, while our positive and direct style ensures you walk away with clarity and purpose. Tune in during your daily commute – our episodes are designed to fit seamlessly into your busy schedule.
Your Guide to Financial Confidence:
Host Rick Luchini is your companion on this journey to financial empowerment. Alongside industry experts, he's here to empower you with the knowledge and resources you need to navigate your financial journey successfully. With a new episode dropping every week, you'll have a consistent stream of insights to guide your financial decisions.
The Message:
At The Advised Podcast, we firmly believe that sound financial advice isn't a luxury reserved for those with massive investment portfolios. It's a universal right that impacts your family's well-being, your aspirations, and your peace of mind. Join us in unlocking the secrets of finance and take charge of your financial future – one episode at a time.
Get ready to transform your financial perspective. Subscribe to The Advised Podcast and embark on your journey to financial empowerment today. Your prosperous future starts here.
(Episodes release weekly, are under an hour long, and are perfect for your daily commute.)