The Get Ready for the Future Show

Should you take a $2,400-a-month pension for life or a $410,000 lump sum? That's the question of the week on The Get Ready for the Future Show.

Call us at 866-653-7526 (866-653-PLAN) or book a time at getreadyforthefuture.com to talk through your own situation.

On this episode:
– Pension or lump sum: how do you decide between $2,400 a month for life and a roughly $410,000 rollover?
– Does "85% of my Social Security is taxable" mean you lose 85% to taxes?
– We're 44 and 42, saving $60,000 a year, and want to step back around 55. How do we build a real timeline?
– Plus our What's Happening segment: Dave Ramsey's three retirement mistakes, three reasons not to claim Social Security at 62, and why 401(k)s are better at accumulating than distributing.

Timestamps:
00:00 Welcome to the Radio Hour
01:25 Dave Ramsey's three retirement mistakes: debt, retiring early, Social Security as the whole plan
09:56 Three reasons not to claim Social Security at 62
16:24 The 401(k) and IRA withdrawal problem
23:01 The Get Ready for the Future Show begins
24:09 Is 85% of Social Security taxable? Roth conversions and tax planning
31:20 Pension or lump sum: $2,400 a month vs. $410,000
39:35 Can you step back at 55? The rule of 55 and retirement timelines
46:44 Monte Carlo stress tests and closing thoughts

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Discover, protect, and share true financial independence.

🍿 Subscribe for weekly retirement answers: https://www.youtube.com/@GenWealthFinancialAdvisors?sub_confirmation=1
🎙 Have a question for the show? Email show@getreadyforthefuture.com


#PensionVsLumpSum #SocialSecurity #RetirementPlanning #RuleOf55 #RothConversion #GenWealth

You saved $1.2 million, paid off the house, and retired debt-free. So why does spending it feel so hard? We answer that and three more listener questions.

Call us at 866-653-PLAN (866-653-7526) or email info@getreadyforthefuture.com to talk through your own situation.

On this episode, Scott Inman is joined by GenWealth advisor Jason Marshall for his first time on the show.

What's Happening:
– A viral claim that $115,000 paid into Social Security "cost" a worker $2 million
– The proposed "Bernie Bump" and why it isn't a flat $2,400 for everyone
– Which retirement account to spend from first
– Why your Medicare Annual Notice of Change letter matters before open enrollment (Oct 15 – Dec 7)

Listener questions:
– Marilyn: We retired with $1.2 million. Why do we feel guilty spending it?
– Kevin: Turning 65. Original Medicare with a supplement, or Medicare Advantage?
– Grant: Should an HSA come before my 401(k) or Roth?
– Ashley: How big should my first emergency fund be, and where should I keep it?

Timestamps:
00:00 Intro: meet Jason Marshall
03:20 Did Social Security really cost him $2 million?
09:44 The "Bernie Bump": who would actually get $200 a month?
13:01 Which retirement account should you spend from first?
19:35 Medicare Annual Notice of Change letters for 2027
21:39 The Get Ready for the Future Show begins
23:57 Retired with $1.2 million and afraid to spend it
30:19 Medicare Advantage vs. a Medicare supplement at 65
35:09 Is an HSA worth prioritizing over a 401(k)?
42:28 How much emergency fund do you need, and where to keep it
48:11 Final thoughts

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Have a question for the show? Text or leave a voicemail at 501-381-5228, or email show@getreadyforthefuture.com


#RetirementPlanning #SocialSecurity #Medicare #HSA #RetirementIncome #EmergencyFund #MedicareOpenEnrollment

When does waiting until 70 to claim Social Security backfire? John Shrewsbury and Janet Walker break it down, plus four listener questions.

Call us at 866-653-PLAN (7526) or text 501-381-5228 to talk through your own situation.

In the What's Happening segment:
– A new study finds nearly 98% of "finfluencers" lack relevant credentials — and misleading videos out-draw accurate ones
– A couple buys long-term care insurance at 55; at 82 it covers a $9,600/month nursing home bill
– Three situations where planning to claim Social Security at 70 can backfire

Listener questions:
– Ellen (Van Buren): Does the 3–6 month emergency fund rule change once you retire?
– Faith (Springdale): Does our old will still hold up after moving to a new state?
– Douglas (Jonesboro): What should I look at in my deferred compensation payout options?
– Bailey (Bryant): I paid off my last credit card — should the $300/month go to savings or investing?

Timestamps:
00:00 What's Happening intro
00:38 98% of finfluencers lack credentials
08:40 Is long-term care insurance worth it?
12:35 When claiming Social Security at 70 can backfire
20:17 The Get Ready for the Future Show begins
21:30 How much emergency cash do retirees need?
26:35 Does your will still work after a move?
31:30 Deferred compensation payout options
39:50 Debt-free: save or invest $300 a month?
48:02 Final thoughts and Money Works workshops

– – – – – – – – – –
Helping you discover, protect, and share true financial independence.

🍿 Subscribe for weekly retirement answers: https://www.youtube.com/@GenWealthFinancialAdvisors?sub_confirmation=1
🎙 Have a question for the show? Email show@getreadyforthefuture.com or text 501-381-5228

#SocialSecurity #LongTermCare #Finfluencers #EmergencyFund #DeferredCompensation #EstatePlanning #RetirementPlanning

What does it actually take to build a succession plan for the business you've spent decades building?

Call us at 866-653-7526 (or 501-653-7355) or email info@getreadyforthefuture.com to talk through your own situation.

On this episode:

– What's Happening: a tax-free Social Security & IRA strategy, 8 Medicare changes coming in 2027, the #1 mistake derailing "safe" retirement savings, and retiring at 59 without employer health coverage
– Listener question from Russell, a 20-year HVAC company owner: "How do I even start thinking about an exit or succession plan?"
– Guest Jason Curry, author of Finish Empty, on the drive and accountability underneath every succession plan

If you're a business owner who keeps meaning to figure out your exit plan but there's always something more urgent, this is worth a conversation before the decision gets made for you. Join us and Jason Curry at Built to Endure, our free event for business owners, Friday, September 18, 9am–2:30pm at the DoubleTree Hotel, downtown Little Rock. Register at getreadyforthefuture.com/endure.

Timestamps:
00:00 Intro
00:15 What's Happening: Tax-Free Social Security & IRA Withdrawal Strategy
06:00 8 Medicare Changes Coming in 2027
11:00 The #1 Mistake Derailing "Safe" Retirement Savings
16:00 Retiring at 59: Bridging the Health Insurance Gap to 65
20:30 The Get Ready for the Future Show Begins
21:00 Listener Question: How Do I Start a Business Succession Plan?
27:00 Jason Curry Joins: Author of Finish Empty
33:00 What "Finish Empty" Really Means (It's Not Burnout)
40:00 Built to Endure: Free Business Owner Summit, Sept. 18
48:00 Closing Thoughts on Legacy & Finishing Well

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#SuccessionPlanning #BusinessOwners #Medicare2027 #RetirementPlanning #FinishEmpty #SmallBusinessOwner #SocialSecurity #GenWealth

On this week's Get Ready for the Future Show: retirement headlines making the rounds, plus four listener questions.

Call us at 866-653-7526 or email info@getreadyforthefuture.com to talk through your own situation.

Scott Inman and Teresa Arrigo open with What's Happening — a look at four retirement articles getting attention online, including whether moving really cuts retirement costs, how account titling can undermine a will, what living on the average Social Security check actually looks like, and AARP's list of costly 401(k)/IRA mistakes.

Then it's your questions on the Get Ready for the Future Show:
– Is a continuing care community worth the cost?
– How do you set up a special needs trust for a grandchild with autism?
– HELOC or refinance for a home renovation — which makes sense?
– Does a new grad with no dependents actually need life insurance?

If any of these hit close to home, this is worth a conversation before you decide on your own.

Timestamps:
00:00 Intro — this week's What's Happening headlines
0:45 Should you move in retirement to cut housing costs?
7:45 How account titling can undermine a will
14:30 Can you live on the average Social Security check?
19:15 AARP's costly 401(k) and IRA mistakes
22:25 Listener Q&A: Is a continuing care community worth the cost?
33:35 Setting up a special needs trust for a grandchild
39:45 HELOC or refinance for a home renovation?
45:15 Does a new grad need life insurance?
50:15 Final thoughts & how to reach us

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🍿 Subscribe for weekly retirement answers: https://www.youtube.com/@GenWealthFinancialAdvisors
📈 Talk with us about your retirement plan: call 866-653-7526 or email info@getreadyforthefuture.com
🎙 Have a question for the show? Text or call 501-381-5228, or email show@getreadyforthefuture.com


#SocialSecurity #ContinuingCareCommunity #SpecialNeedsTrust #HELOCvsRefinance #LifeInsurance #401k #RetirementPlanning #GenWealth

This week: is the 4% rule still safe, getting ready for Medicare, forced Roth catch-up contributions, and where a $300 raise should go.

Call us at 866-653-PLAN (866-653-7526) or email info@getreadyforthefuture.com to talk through your own situation.

On this episode:
– Karen (66, just retired): Our advisor always talked about the 4% rule — how much can we actually safely pull from our accounts each year?
– Wanda (turning 65 in November): I keep hearing I need to "get ready for Medicare," but nobody's told me what that means. Where do I start?
– Nolan: My company is forcing some of my 401(k) catch-up contributions into Roth next year. Why, and what do I need to do differently?
– Chloe: I just got my first real raise, about $300 more a month. Should it go toward investing or something else?

We also cover this week's headlines: long-term care costs and the "great wealth transfer," six moves if you can't pay off your mortgage before you retire, rolling leftover 529 funds into a Roth IRA, and whether the 2027 Social Security COLA will actually keep up with rising costs.

Timestamps:
00:00 Long-Term Care Costs Threaten the Great Wealth Transfer
8:46 6 Moves If You Can't Pay Off Your Mortgage Before Retirement
14:48 Rolling Leftover 529 Funds Into a Roth IRA
19:47 Will the 2027 Social Security COLA Survive These 3 Costs?
22:15 How Much of Your Social Security Actually Gets Taxed
23:56 Karen's Question: How Much Can You Safely Withdraw in Retirement?
31:53 Wanda's Question: Getting Ready for Medicare at 65
36:43 Nolan's Question: The New Roth Catch-Up Contribution Rule
43:22 Chloe's Question: Where Should a $300 Raise Go First?
48:32 Final Thoughts and How to Get Started

– – – – – – – – – –
Helping people discover, protect, and share true financial independence.

🍿 Subscribe for weekly retirement answers:
📈 Talk with us about your retirement plan: call 866-653-PLAN or email info@getreadyforthefuture.com
🎙 Got a question for next week's show? Text or leave a voicemail at 501-381-5228, or email show@getreadyforthefuture.com

#RetirementWithdrawalRate #FourPercentRule #MedicareEnrollment #RothCatchUpContribution #SocialSecurityCOLA #RetirementIncomePlanning #GenWealthFinancialAdvisors #GetReadyForTheFutureShow