Retirement Starts Today Radio

Do lower-cost funds tend to outperform pricier ones over time?

Jeffrey Ptak analyzed fifteen years of performance data covering virtually every U.S. mutual fund and ETF. He divided them into five "cost buckets," from the cheapest 10% all the way up to the most expensive 10%. He then compared each group's average monthly return against its peers within the same category.

The result? A clean, almost perfect staircase of performance.&...

Vanguard Research put out a paper called "The Emotional and Time Value of Advice" (June 2025). 

It claims that there are "emotional benefits and time-saving value that paid professional financial advice provides to clients." 

In other words: The benefit isn't the portfolio or financial advice, but the emotional and time-saving value getting paid professional advice can provide. 

Then for our listener question: Gary w...

Only about 4% of retirees actually wait until age 70 to claim Social Security, despite the financial benefits of delaying them.

This comes from an article by Derek Tharp at Kitces.com titled "The Flaws In Using A 0% Discount Rate To Justify Delaying Social Security". It takes a hard look at why the common advice to "wait until 70" might not always hold up in the real world. 

Tharp argues that the assumptions baked into much of...

Our retirement headline is from a ThinkAdvisor article titled "Ed Slott: Roth Conversions Are Trickier Under New Tax Law" by Melanie Waddell.

"With the extended tax cuts under President Trump's recently passed tax and spending law, 'Roth conversions should be accelerated to take advantage of more years of low tax rates,' according to Ed Slott of Ed Slott & Co. 

'You never want to leave a low tax bracket unfilled,' he said....

Should I collect Social Security early & invest the proceeds into the stock market? This is the age-old question I see on a nearly daily basis in retirement forums.

An article from Morningstar - written by Christine Benz and features a conversation with Social Security expert Mary Beth Franklin - gives me the basis for sharing six obstacles for claiming instead of waiting. 

Also, we share a listener question about whether ...

Inflammatory headlines are "Clickbait", and I am not immune to falling for them.

"Social Security recipients set to face an $18,000 benefit cut in just seven years" is the most recent culprit in my Google feed - with an image of a Social Security check with a wrecking ball smashing straight through it.

The good news is the headline is pretty far from reality for most people, and I explain why.

Listen in to understand who might actu...

"Only 5% of retirees say they're living the dream and 19% are living the nightmare." says Deb Boyden in an article from Yahoo Finance. Deb provides three lessons to protect your future, which we dig into to see how it applies to your retirement:

Lesson 1: You're Probably Not Saving Enough
Lesson 2: Expect the Unexpected
Lesson 3: Winging It Won't Get You There

In our Listener Question segment, we talk about the pro rata rule and Ro...

If you've saved more than a million dollars, that puts you ahead of 90% of your peers. Statistically, that makes you a super saver. But one of the biggest challenges super savers face is this: it's hard to spend your own money.

In this episode, I share one exercise that can help break some of those old habits and open the door to a more fulfilling retirement.

A Practical Exercise 

Think back over the last year or two and pick ...

We're taking another look at one of retirement planning's sneakiest pitfalls — underestimating your own life expectancy.

We explore why smart people make short-sighted Social Security decisions, how psychological biases can distort your thinking, and why planning to live a long time isn't pessimistic.

Then, our listener question covers the nuts and bolts of how to apply for Social Security (online, phone or in-person), a critical h...

We're going inside the new tax rules for retirees. 

From a brand-new $6,000 deduction for seniors to major changes in how charitable giving is handled, the One Big Beautiful Bill Act has reshaped key parts of the retirement tax landscape. 

We'll break down what's changed, what's just political spin, and what you can do right now to take advantage of these new rules. 

After that, we answer a listener question: Have yo...

Nick Maggiulli's latest article in Of Dollars & Data challenges one of the core ideas that drives personal finance blogs, podcasts, and even some of our own thinking — the belief that financial independence should be the ultimate goal.

We explore the surprising downsides of chasing early retirement, the difference between financial independence and financial freedom, and why something called "Coast FIRE" might be the real goal ...

The (f)law of averages challenges a dangerous assumption we see far too often in retirement planning: The use of average life expectancy as a reliable planning target. 

The question is: If you make it to retirement - are you already above average - and if that's true, how do we use that in our planning? 

I share six key takeaways from the article:

1. Life expectancy is an average, not a prediction
2. The mode — not the mea...

Could heaven be an RV in a state park?

It is for Marian Barry, who became a traveling nurse after working in hospitals during the pandemic.

We share this story from a Business Insider article, pointing out that she lives on $2,972 a month in Social Security and is lovig life. "I literally live in heaven."

Key takeaways:

• Low-cost retirement living
• Lifestyle vs. possessions
• Community and mental well-being
• Flexibility in retireme...

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 h...

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...