EP 30 - 4 Things Financial Advisors Don't Want You To Know

Free Washington Retirement Planning Community and Courses: https://www.skool.com/washington-weal...

In this podcast episode, we talk about four important things many financial advisors often won’t tell you - and then answer the question everyone asks: “How much is enough to retire?” We cover why swapping bonds for certain annuities can reduce downside risk, the massive financial impact of long-term care, the long-term tax exposure in pretax accounts (and the idea of Roth conversions), and why not all advisors are trained in retirement-income planning.

After those four “secrets,” we walk through a practical approach to calculating your retirement needs: track actual spending, separate fixed vs. variable expenses, factor in guaranteed income (pension + Social Security), and consider TAP/state annuities to cover shortfalls. You’ll also hear a working withdrawal guideline (used here: ~5%) and real examples to help turn abstract percentages into usable monthly numbers.

The episode also touches on how to adjust withdrawal rates based on life stage, why managing your own portfolio can be surprisingly time-consuming, and how annuity payout rates compare to market-based withdrawals. The host wraps up with details on a free online community and how to book a consultation.

0:00 - Intro
2:17 - 1) Annuities as bond replacements - performance & risk reduction
3:12 - 2) Long-term care - 70% likelihood and the cost risk to retirement funds
4:16 - 3) Taxes - long-term tax exposure and why Roth/tax planning matters
5:52 - 4) Advisor expertise - many advisors aren’t specialists in retirement-income planning
7:09 - Question of the day: “How much is enough?” - track spending; fixed vs. variable expenses
9:01 - Using TAP/state annuity to cover guaranteed-expense shortfalls
12:01 - Withdrawal approach (practical ~5% rule), Vanguard findings & time commitment for DIY investors
16:29 - TAP payout rates and Plan 2 vs. Plan 3 differences (cost-of-living adjustments explained)

▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
🙋🏽♀️ Need help? Schedule A Meeting :
https://calendly.com/scenicfinancial
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
🎯Get TRS 3, PERS 3 & DCP Investment Advice Here:
💥💥 https://scenicfinancial.net/scenic-pl...

The Only Place To Receive Ongoing, Personalized Investment Advice, So You Can Confidently Invest In Your TRS 3, PERS 3 & DCP Retirement Plans!
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
🕸 Visit Us Online:
Scenicfinancial.com
WATRSPERS.com
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬

DISCLAIMER
**Advisory Services offered through Intirety, LLC a registered investment adviser. Intirety LLC and Scenic Financial are not associated with the Washington State Department of Retirement in any way. Scenic Financial makes content available as a service to its clients and other visitors, to be used for informational purposes only. While our best intentions are to provide accurate and timely information, you should always consult with retirement, tax, and legal professionals prior to taking any action. 🕸️