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Big Picture Retirement

If you are planning for, or living in, retirement…this is the show for you. Understanding the big picture is critical for a successful retirement. Whether or not your retirement is a success may depend on how well you planned when connecting the dots of your legal, tax and financial plan. In this show, we’ll dig beneath the surface and discuss how you should apply this planning with your hosts- attorney John Ross and financial planner Devin Carroll.

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#023: How Much Do You Need in Retirement? Use this online calculator to find out.

Steve Chen created a retirement planning calculator that anyone can use. The inspiration came from personal experience. His mom needed help at retirement - but she didn't have enough assets to work with most financial planners. Steve from NewRetirement.com discusses financial planning needs for those who aren't "attractive" to financial planners. For more information, visit http://www.bigpictureretirement.net

21mins

5 Jun 2017

Rank #1

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#061: What’s The Best Age To File For Social Security

As you approach your 60s, the hot question becomes, “When should I file for Social Security?” It’s an easy question, right? You just figure out when you’re going to die, and then do the math. Unfortunately, the world doesn’t work like that. Devin points out that the real question should be, “What if I live longer than expected? For more information, visit the show notes at http://www.bigpictureretirement.net/061

27mins

26 Feb 2018

Rank #2

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#091: Retirement Drawdown Strategies Part 1

When you stop working, you've put aside some money into different types of accounts, and maybe you have a pension, or some rental property, or other investments. How do you start converting those assets into an income stream that will last for the rest of your life? Brandon Renfro, Ph.D., joins Devin on a discussion about: The tax torpedo The Net Unrealized Appreciation Rule Provisional income and how much of your Social Security is taxable For more details, visit the show notes at https://www.bigpictureretirement.net/091

30mins

24 Sep 2018

Rank #3

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#077: 5 Smart Reasons to FIle Early for Social Security

Devin talks about good reasons to file for Social Security at age 62. Every situation is different, and some folks will benefit more if they file later, but there are many people for whom it makes sense to file early: You need the income You Are Single and Have Health Issues Issues Related To Your Spouse’s Benefits Survivor Benefits Minor or Disabled Children For more information, visit the show notes at http://www.bigpictureretirement.net/episode-77-5-smart-reasons-to-file-early-for-social-security/

25mins

18 Jun 2018

Rank #4

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Understanding the Parts of Medicare with Danielle Roberts

Danielle Roberts explains the different parts of Medicare to us in a way that is easy to understand and follow. This is Part 1 of a 2-part series with Danielle Roberts of BoomerBenefits.com. For more information, visit the show notes at https://www.bigpictureretirement.net/105 

39mins

7 Jan 2019

Rank #5

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#017: The Basics of Social Security that EVERYONE Should Know, Part 1

Part 1 in a 2-part series about what you need to know about Social Security. For more information, or to have a conversation with Devin Carroll or John Ross, visit http://www.bigpictureretirement.net

28mins

24 Apr 2017

Rank #6

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The 5 Types of Trusts (and when they are used)

A trust is a legal entity, just like a corporation or an individual person. All trusts will have an exchange of property and three categories of people: The people who create it, called the grantors, or the settlers, or the trust-makers The people in charge of the trust, usually called the trustees The beneficiaries: the people who get the benefit of the trust Devin and John go over the different types of trusts and when to use them. For more information, visit the show notes at https://www.bigpictureretirement.net/108 

47mins

18 Feb 2019

Rank #7

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#065: How Facebook and the Aging Population Might Impact Your Retirement Plan

The Census Bureau has announced that by 2030, senior citizens (65 and older) will outnumber people aged 18 and under. What will this mean for health care costs and the security of pension plans? John and Devin also talk about a recent app that sold millions of people’s Facebook information. Is this truly a data breach of sorts? For more information, visit the show notes at http://bigpictureretirement.net/065

26mins

26 Mar 2018

Rank #8

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#019: Lessons We Learned from 15 years as Financial Planners, with David Waldrop

Experience is a great teacher. David Waldrop has more than 15 years of experience, the same as John and I. He comes on to share stories from his history - and how human emotions come into play when making investing decisions. For more information on how to work with us, visit http://www.bigpictureretirement.net

28mins

8 May 2017

Rank #9

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#068: Roger Whitney on Living Well Today While Planning For Tomorrow

Devin and John are joined by Roger Whitney, founder of the Retirement Answer Man Podcast and author of the recently released book, Rock Retirement. For more information, visit the show notes at http://www.bigpictureretirement.net/068

19mins

16 Apr 2018

Rank #10

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#021: Naming Beneficiaries - How to Avoid Screw-ups

Non-Probate Transfers, Trusts, and how the Beneficiary Designation trumps any wishes you express in your Will. These are just a few of the things you NEED to understand so you can avoid making a major mistake with your estate planning. For more information, visit http://www.bigpictureretirement.net/21

46mins

22 May 2017

Rank #11

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5 Things To Know About The Secure Act of 2019

This week's episode includes some reader questions, and a review of the The Setting Every Community Up for Retirement Enhancement Act of 2019 (the SECURE Act). The SECURE Act has passed the House of Representatives, and a similar bill is working in the Senate. For more, visit the show notes at https://www.bigpictureretirement.com/5-things-to-know-about-the-secure-act-of-2019 

49mins

3 Jun 2019

Rank #12

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#084: The Backdoor Into the Beautiful Roth IRA

The big benefit of the Roth IRA is that you fund it with after-tax money and it grows tax free, and then when you take it out, it is also tax free, if you meet the qualifications. The big problem with a Roth IRA is that there are income limits to be able to make contributions to a Roth IRA. There are a lot of people out there who can't contribute to a Roth IRA. So, how do you contribute to a Roth IRA if you make too much money? You use a backdoor Roth IRA. We have really good notes for you. To read more or to share the show with someone else, visit http://www.bigpictureretirement.net/084

26mins

6 Aug 2018

Rank #13

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#002: Jacob and Esau

John shares the story of Jacob and Esau from the Bible to describe one of the most common mistakes people make in retirement. Please subscribe to the show so you don't miss an episode. For more, visit http://bigpictureretirement.net

26mins

3 Jan 2017

Rank #14

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#032: Why Women Need Better Financial Advice with Russ Thornton

Women often have different financial needs than men, and even more when there has been a change in their marital situation. This week, Devin and John talk with Russ Thorton of Wealthcare for Women.  Russ works with financial planning for women, with a particular emphasis on women in transition.   Whether through death or divorce, newly single women may need special advice and expertise to move forward financially. Highlights include: Where you should start figuring out your money:  where are you financially?  This includes investments, expenses, insurance coverage, estate plans, taxes, and everything else. How it helps to have help from someone who is not emotionally involved in the situation. When hearing about your friend’s situation can do more harm than good. Why you need to trust your gut. How to find the right financial advisor for you. Resources mentioned in this episode: Enter the Echo giveaway at www.bigpictureretirement.net/echo Russ Thorton’s Wealthcare for Women website and on Twitter at @RussThorton Devin and John’s free ebook:  www.bigpictureretirement.net/steps Every month, Devin and John have an entire episode dedicated to answering listener questions.  If you have a question, submit it to questions@bigpictureretirement.net. Don’t forget to subscribe to the show, and leave a rating and a review!

24mins

7 Aug 2017

Rank #15

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Spring Cleaning - the Financial Edition

Spring is here, and it's a great time to do some financial spring cleaning. Devin and John go over a few things you want to do: A fee audit Double-check your beneficiary designations. ...and more For more information, visit the show notes at https://www.bigpictureretirement.net/111 

36mins

1 Apr 2019

Rank #16

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#092: Retirement Drawdown Strategies Part 2

Part 2 in our series. In this episode we answer the question "How are you going to take your money out so that it lasts?" Then, once you have a plan for which accounts you should access in which order, how are you going to figure out the amount of income to take out from your portfolio? For more information, visit the show notes at https://www.bigpictureretirement.net/092

35mins

1 Oct 2018

Rank #17

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#025: What to do when Someone Dies

Death is never a pleasant topic. What is less pleasant is passing away suddenly with no planning in place and no way to help your family transition through the process. John walks us through 5 things to do after someone dies: What to do prior to death Immediately after a death Within a few days of a death The first 2 weeks after a death During the year after a death To download the checklist resource, visit http://www.bigpictureretirement.net  or http://rossandshoalmire.com

24mins

19 Jun 2017

Rank #18

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#004: Listeners Questions - Wills vs Trusts, and is there any truth behind the Social Security Gun Ban

What is truly behind the so-called "social security gun ban"? Also, John digs into the differences between a will and a trust. For more, visit http://bigpictureretirement.net

30mins

23 Jan 2017

Rank #19

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#003: Listening to Gurus, with Joe Saul-Sehy

Who do you listen to for financial advice? Dave Ramsey? Sure Orman? Jim Kramer? Joe Saul-Sehy, a recovering Financial Planner and host of Stacking Benjamins joins us to talk about when it's the right time to follow the gurus - and when it's not. He also shares stories from his biggest failures in life to show that he's been right where you are - or worse. Today's show is brought to you by http://SocialSecurityIntelligence.com

36mins

16 Jan 2017

Rank #20