It’s not just what you earn—it’s what you keep.

In this episode of Financial Planning Friday, Jerry Davidse breaks down the "silent wealth killers" in retirement: Taxes. While investment returns get all the headlines, tax planning is often where the battle for long-term wealth is actually won (or lost).

Jerry walks through the three most common tax mistakes retirees make—from mismanaging RMDs to accidentally triggering higher Medicare premiums—and explains the strategies you need to protect your hard-earned savings.

We discuss:

0:00 - Intro: It’s not just what you earn, it’s what you keep

0:36 - Mistake #1: Waiting too long to address RMDs

1:15 - The "Gap Years": When to do Roth Conversions

1:55 - Mistake #2: Accidental Medicare Premium Hikes (IRMAA)

2:30 - Mistake #3: Withdrawing from the wrong accounts

3:10 - Summary & How to get a Tax Plan Review

Smart tax planning is about strategy, not just compliance. By acting early to avoid the RMD Trap, you can prevent forced tax spikes later in life. Careful timing also helps you steer clear of the Medicare Cliff, ensuring you don’t accidentally trigger higher premiums. Ultimately, Sequence Matters—pulling from the right accounts in the right order doesn't just lower your tax bill; it helps your money last a lifetime.

#RetirementPlanning #TaxPlanning #RMDs #RothConversion #Medicare #FinancialPlanning #WealthManagement

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Connect With Jerry:

Jerry Davidse, CFP®

CEO, Presilium Private Wealth

Email: jerry@presiliumpw.com

LinkedIn: https://www.linkedin.com/in/jerrydavidse/

Meet Jerry: https://www.presiliumpw.com/team_member/jerry-davidse-cfp/#bio

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This Video is for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to purchase any security or investment product or services.

The content of this Video is provided solely for your personal use and shall not be deemed to provide access to any particular transaction or investment opportunity. Presilium Private Wealth does not intend the information in this Video to be investment advice, and the information presented in this Presentation should not be relied upon to make an investment decision.

Any third-party information contained herein was prepared by sources deemed to be reliable but is not guaranteed. Investment advisory services are offered through Presilium Private Wealth, a SEC Registered Investment Adviser. SEC registration does not constitute an endorsement of the firm by the Commission nor does it indicate that the adviser or investment adviser representative has attained a particular level of skill or ability. Additional information about Presilium Private Wealth is also available on the SEC’s website at www.adviserinfo.sec.gov.

Healthcare can make or break your retirement plan. In this episode of Practical Cents with Cullen Martin, we tackle one of the biggest myths in retirement planning — that you have to wait until age 65 to retire because of health insurance.

💡 Cullen explains how healthcare fits into your financial plan, what alternative options exist before Medicare, and how strategic planning with Move Health can open doors to earlier retirement — without sacrificing coverage or peace of mind.

You’ll discover practical insights into healthcare eligibility, costs, and coverage—plus how to align these factors with your personal retirement goals so you can stop working sooner and start enjoying life.

📊 What You’ll Learn:

• Why healthcare is a top retirement planning priority
• Common misconceptions about retiring at 65
• How Move Health helps retirees find personalized healthcare solutions
• How to evaluate coverage options and income eligibility
• Ways to retire early while maintaining quality healthcare
• How advisors integrate healthcare into comprehensive financial plans

🎯 Whether you’re five years from retirement or just exploring your options, this episode gives you the clarity and confidence to plan smarter.

🔔 Subscribe to Practical Cents with Cullen Martin for weekly insights on financial planning, retirement readiness, and smart money strategies.

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This Video is for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to purchase any security or investment product or services.

The content of this Video is provided solely for your personal use and shall not be deemed to provide access to any particular transaction or investment opportunity. Presilium Private Wealth does not intend the information in this Video to be investment advice, and the information presented in this Presentation should not be relied upon to make an investment decision.

Any third-party information contained herein was prepared by sources deemed to be reliable but is not guaranteed. Investment advisory services are offered through Presilium Private Wealth, a SEC Registered Investment Adviser. SEC registration does not constitute an endorsement of the firm by the Commission nor does it indicate that the adviser or investment adviser representative has attained a particular level of skill or ability. Additional information about Presilium Private Wealth is also available on the SEC’s website at www.adviserinfo.sec.gov.

In this conversation, Jerry Davidse emphasizes the significance of achieving consistent returns in investing rather than focusing solely on high returns. He illustrates how different portfolios with the same average return can yield vastly different outcomes due to volatility. By promoting consistency through diversification, regular rebalancing, and avoiding trendy investments, investors can enhance their long-term financial success.

In This Week’s Episode:

🧠 It's not just about achieving great returns, it's about achieving consistent returns.

🧠 A portfolio that delivers steady, repeatable growth can make a bigger difference.

🧠 Even with the same average return, volatility can lead to different outcomes.

🧠 Consistency isn't just comforting, it compounds over time.

🧠 Big swings in your portfolio can destroy compounding.

🧠 Diversification helps prevent any single area from derailing your portfolio.

🧠 Rebalancing allows you to buy low and sell high systematically.

🧠 Avoiding trendy investments can lead to steadier returns.

🧠 Consistency may not always be flashy, but it's powerful.

🧠 Long-term investors benefit significantly from a consistent approach.

#WealthManagement #FamilyLegacy #FinancialPlanning

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Connect With Jerry:

Jerry Davidse, CFP®

CEO, Presilium Private Wealth

Email: jerry@presiliumpw.com

LinkedIn: https://www.linkedin.com/in/jerrydavidse/

Meet Jerry: https://www.presiliumpw.com/team_member/jerry-davidse-cfp/#bio

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This Video is for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to purchase any security or investment product or services.

The content of this Video is provided solely for your personal use and shall not be deemed to provide access to any particular transaction or investment opportunity. Presilium Private Wealth does not intend the information in this Video to be investment advice, and the information presented in this Presentation should not be relied upon to make an investment decision.

Any third-party information contained herein was prepared by sources deemed to be reliable but is not guaranteed. Investment advisory services are offered through Presilium Private Wealth, a SEC Registered Investment Adviser. SEC registration does not constitute an endorsement of the firm by the Commission nor does it indicate that the adviser or investment adviser representative has attained a particular level of skill or ability. Additional information about Presilium Private Wealth is also available on the SEC’s website at www.adviserinfo.sec.gov.