Where will your retirement income come from, and how will it be taxed? This is a crucial question every retiree needs to understand.

A client recently shared an intriguing Instagram post that highlighted how the average American retires at 64 and may only enjoy about 12 years of good health in retirement. This sparked a discussion about the importance of investing in health alongside financial assets.

Your health significantly impacts your retirement income strategy. A mix of taxable, tax-deferred, and tax-free accounts allows you to control your taxable income each year, helping to manage expenses like Medicare surcharges and tax brackets.

Timestamps:

03:01- Invest in your health.

05:46- Retirement income sources and taxes.

10:36- Roth IRA tax benefits.

14:03- Tax-efficient withdrawal strategies.

18:01- Real estate and income taxation.

20:55- Managing retirement income taxes.

✅Contact Thatcher at thatcher@propathfinancial.com with comments and questions!

Are you over age 50 and need retirement help?
Schedule a free consultation https://www.propathfinancial.com/get-started

Subscribe for all things retirement, investment, tax, & estate planning https://www.youtube.com/@functionalretirement

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DISCLAIMER: The information provided in these episodes is only to be considered helpful hints and education. Nothing said or shown is to be misconstrued as specific tax, legal, or investment advice. Consult with your tax, legal, or investment professional before acting on anything you see in these videos.

​​Investment Advisory Services are offered through ProPath Financial, a registered investment adviser authorized to do business in states where registered or otherwise exempt from registration. Nothing discussed in this podcast should be viewed as investment advice.

Retirement is Not Just One Thing: The traditional view of retirement—working until a certain age and then sailing off into the sunset—is just one of many paths. Whether you’re considering the FIRE movement (Financial Independence, Retire Early), semi-retirement, or even a career shift, it’s crucial to define what retirement means to you. Understanding your vision will help you create a tailored financial plan that aligns with your goals.

Timestamps:

• 02:15- Traditional retirement options explained.
• 5:47- FIRE movement challenges.
• 8:17- Semi-retirement and flexibility.
• 14:23- Work optional retirement.
• 16:10- Retirement planning and work.
• 19:06- Defining your retirement version.

✅Contact Thatcher at thatcher@propathfinancial.com with comments and questions!

Are you over age 50 and need retirement help?
Schedule a free consultation https://www.propathfinancial.com/get-started

Subscribe for all things retirement, investment, tax, & estate planning https://www.youtube.com/@functionalretirement

Join The Newsletter For All Wealth Building Tactics
https://propath.ck.page/60fab1df4d

DISCLAIMER: The information provided in these episodes is only to be considered helpful hints and education. Nothing said or shown is to be misconstrued as specific tax, legal, or investment advice. Consult with your tax, legal, or investment professional before acting on anything you see in these videos.

​​Investment Advisory Services are offered through ProPath Financial, a registered investment adviser authorized to do business in states where registered or otherwise exempt from registration. Nothing discussed in this podcast should be viewed as investment advice.

Welcome back to the Functional Retirement Classroom, where we trade boring lectures for laughs, spreadsheets, and slightly-too-real truths about your financial future. Today’s lesson? Longevity! (Yes, that thing where you live way longer than you thought—and your bank account wasn’t ready for it.)

Did you know there’s a 70% chance one half of a non-smoking couple aged 65 will make it to 90? That’s not a fun fact—it’s a financial wake-up call. In this episode, we dive into what it really means to plan for the long haul (like, potentially 30 years of retirement-long). Spoiler: if you treat your savings like a Vegas weekend, you might end up with a very quiet final act.

So grab your coffee, crack open that dusty life expectancy chart, and let's make sure your golden years don’t end in bronze.

Timestamps:
1:06: Retirement planning principles.
4:06: Planning for a long life.
8:43: Social Security decision-making importance.
11:27: Rising Medicare costs with age.
16:27: Taxable accounts for investment flexibility.
18:22: Long-term investment strategies.

✅Contact Thatcher at thatcher@propathfinancial.com with comments and questions!

Are you over age 50 and need retirement help?
Schedule a free consultation https://www.propathfinancial.com/get-started

Subscribe for all things retirement, investment, tax, & estate planning https://www.youtube.com/@functionalretirement

Join The Newsletter For All Wealth Building Tactics
https://propath.ck.page/60fab1df4d

DISCLAIMER: The information provided in these episodes is only to be considered helpful hints and education. Nothing said or shown is to be misconstrued as specific tax, legal, or investment advice. Consult with your tax, legal, or investment professional before acting on anything you see in these videos.

​​Investment Advisory Services are offered through ProPath Financial, a registered investment adviser authorized to do business in states where registered or otherwise exempt from registration. Nothing discussed in this podcast should be viewed as investment advice.