Retirement Starts Today Radio

New research from David Blanchett, head of retirement research at PGIM, challenges one of the biggest assumptions in retirement planning: that happiness in retirement depends on maintaining a constant—or even increasing—level of spending.

⬇️ Upon entering retirement, households experience a median consumption decline of about 20%.

This drop is often viewed as a red flag in traditional financial planning models.

However, Blanchett a...

There is a lot to cover in this episode, including new legislation that could impact your retirement.

Plus, 6 More Retirement Financial Myths to Avoid, and a listener with substantial assets who wants to know how to pay for a new car.

The OBBB

The One Big Beautiful Bill became public law on July 4, 2025. Included are:

• Lower Tax Brackets Are Now Permanent
• 
Larger Standard Deduction
• New Senior Bonus Deduction (2025–2028)

• Above-...

This week’s headline reads like a financial horror story — and unfortunately, it’s a true one. 😱

33-year-old Mr. Handy changed jobs and did what millions of Americans do every year: he requested a rollover of his 401(k).

Paychex, the provider managing his old employer's plan mailed him two paper checks: one for his traditional 401(k), and one for his Roth 401(k). They were intercepted in the mail, and over $114,000 vanished. Gone....

According to BankRate, 23% of Americans 60-78 have a side-hustle. Maurie Backman says in an article by Kiplinger that this would help with two key areas in retirement planning: It provides us with something fulfilling to do after our primary career and provide a little extra cash in retirement.  

The benefits of a side hustle:

• Mental Engagement
• Extra Income
• Social Connection
• Sense of Purpose

The Pitfalls of a side hustle...

If you've been anywhere close to a retirement podcast over the last 10-20 years, you've heard of the 4% rule. And like many people, you might have questions about it.

We're going to hear about it directly from the horse's mouth as we talk to Bill Bengen, who first articulated the 4% withdrawal rate as a rule of thumb for withdrawal rates from retirement accounts.

The 4% rule is not a rigid rule but a guideline. Its application requ...

Only 3% of Americans have saved $1 million for retirement. according to 24/7 Wall St. & AOL. I’ll break down what that means—and why your personal number might be more important than any national average.

After that, I answer a listener question where we tackle how to cover healthcare costs in early retirement—specifically for a 58-year-old retiree with a non-working spouse and three adult kids under 26 still on the family plan. We...

What do you do with RMDs you don’t actually need?

If you’re retired and over age 73 — or 75 if you were born in 1960 or later — you know the IRS requires you to start taking Required Minimum Distributions (RMDs) from your traditional IRAs and workplace retirement accounts.

Even if you don’t need that money for living expenses, you still have to take it - which means more taxable income, higher Medicare premiums, and a bigger chunk ...

What happens when your emergency cash runs dry—and life keeps happening? 

A recent article lays out a ranked list of ten ways to access emergency cash, starting with the best options and ending with the ones you’ll want to avoid unless it’s truly a last resort:

1. Emergency Fund / Short-Term Securities
2. Low-Risk Assets in Taxable Accounts
3. Roth IRA Contributions
4. Life Insurance Cash Values
5. 401(k) Loan
6. Home Equity Line of Credit (HEL...

“By the time your child turns 18, you’ve spent 95% of the time you’ll ever spend with them in your lifetime.”

This comes from research by the American Time Use Survey, highlighted by Our World in Data. And let’s be honest, when you first hear that, it stings a little. Especially as a parent. You can’t help but wonder, “Have I been a good steward of that precious time?” 

But here’s the twist: this isn’t about guilt. It’s about aware...

We’re talking about rebalancing! Rebalancing is key to any retirement plan, but how often should we do it? That’s the topic of today’s retirement headlines segment, where we’re going to look at an article by by Jennifer Reed

Key discussion points:

💵 Financial Considerations
💔 Emotional Considerations
🧩 Relational Considerations
📊 A Look at the Numbers

Resource:
Article by Jennifer Reed: Is The Optimal Rebalancing Strategy To No...

What are the perceived benefits of moving to a low-tax state in retirement? Is it all it’s cracked up to be? 

We’re gonna cover a Wall Street Journal article by Debbie Carlson that delivers an important dose of nuance: “Don’t let the income-tax tail wag the total-spending dog.”

I also answer a very thoughtful question from Lynn about sequence of returns risk, as well as average returns vs order of returns. 

Key topics from the arti...

How do you stay calm and confident when the markets get messy? In today's Retirement Headlines we go through Cullen Roche's article from Discipline Funds - "Finding Certainty in a Sea of Uncertainty".

With tariffs, global uncertainty, and market volatility making headlines again offers nine practical steps to help you stay grounded, focused, and on track with your retirement plan. 

The 9 Calming, Confidence-boosting steps the artic...

One of the biggest and often overlooked risks facing retirees is sequence-of-returns risk. The risk of experiencing investment losses early in retirement can have an impact on the sustainability of savings over the long term. 

Morningstar researchers dug into this in their latest State of Retirement Income study. Their findings confirm what many retirement planners already suspect: the first five years of retirement are make-or-bre...

It’s no secret that market volatility can feel especially nerve-wracking when you’re no longer earning a paycheck. 

But what if I told you that, historically, every single crash has ended the same way—with a recovery?

That's what happened after the Covid-19 market crash, the 2021 downturn, and even the Great Depression.

We're going to discuss an article titled "What We’ve Learned From 150 Years of Stock Market Crashes" by Emelia Fr...

Is your 401(k) prepared for a market crash? With market volatility on the rise, many investors are wondering how to protect their portfolios. 

In this episode, I share an article from Go Banking Rates on how to safeguard your retirement savings during turbulent times. I’ll highlight key takeaways from the article, share my own insights on where I agree or disagree, and explain why certain strategies may be more effective than other...

Most people assume their tax burden lightens in retirement, but what if I told you that some taxes are actually designed to creep up on you year after year—without Congress passing a single new law? In this episode, we expose the sneaky taxes that can quietly erode your retirement income, from Social Security taxation to Medicare IRMAA surcharges. These hidden costs don’t just affect the ultra-wealthy anymore; thanks to outdated ru...

Most people focus on saving for retirement, but what happens when you actually get there? Retirement isn’t just about having enough money—it’s about managing risks that can threaten your financial security and lifestyle. 

In this episode, we explore Five Key Retirement Challenges (and Solutions), inspired by a Kiplinger’s Personal Finance article by Walt West. From unexpected market downturns to rising hea...

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Most people plan for retirement by focusing on their savings and investment returns—but what if some of the most important decisions happen after you stop working? 

In this episode, I sit down with Jeremy Keil, also known as Mr. Retirement, to discuss the three biggest mistakes retirees make—mistakes that can cost them financial security, tax savings, and peace of mind. 

From misunderstanding the best ti...