The Retirement Solution

The latest inflation number came in higher than expected which has led to speculation about when the Federal Reserve will begin to cut interest rates.

In this episode, Jon explains how cutting interest rates isn't always a positive thing and what negative effects it could have on a retirement plan. Learn about why preparing for different market environments is crucial when developing an income plan.

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Recently at CRS in Nashville, Cody Johnson shared how he discovered his purpose in life while performing on stage. Finding purpose in retirement can be challenging, but it doesn’t have to be.

On this episode, Jon explains that retirement is about doing what you want, when you want, and discovering what truly matters to you as you think ahead to your golden years.

Connect with Jon and his team to start planning the retirement of y...

March Madness is here, which means you’ve probably questioned your bracket selections. Tax season is also here, which means you’ve probably questioned what tax bracket you’ve fallen into. Retirees often think they will pay less taxes because they’re no longer working, but that isn’t always the case.

On this episode, Jon explains how every dollar is taxed differently and shares a story of how Warren Buffet, one of the richest peopl...

The 4% Rule was developed in 1994 to ensure retirement savings last. But is this calculation too outdated for today’s retirement plan?

On this episode, Jon explains that there’s still a 19% chance of running out of money when using the 4% rule. Hear his ideas on creating an individually tailored income plan ranging from stocks, ETFs, and annuities to meet various needs in retirement planning.

Connect with Jon and his team to lear...

Entertainer of the Year & Grammy Award-winning singer songwriter Lainey Wilson joins Jon at Country Radio Seminar from Nashville. Lainey details how country music became a lifestyle for her as a child, and shares what she prefers between singing, acting and songwriting.

Visit RetirementSolutionRadio.com to connect with Jon and his team to begin planning for your retirement today!

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There’s a group of Boomers facing their own “retirement crisis,” thanks to the Great Recession. New research shows the youngest Baby Boomers (born between 1960 and 1965) have significantly less wealth than older Boomers, because the recession hit during their peak earning years. For many, their savings never recovered, even though they were 15 years or more from retirement. 

On this episode, Jon reminds how this same thing could h...

Are you paying millions more in taxes than you need to?

On this episode, Jon’s talks about the hidden tax trap that may be lurking in your retirement accounts. We also discuss how the IRS won’t give you tax advice, but often your financial advisor won’t either.

So, who can you turn to for ideas on tax strategies? 

Jon shares how you may be able to save thousands in taxes (even while you're still working), moves to convert IRAs t...

Next time you check out of a hotel, double check your receipt first!

Some hotel chains are now charging a “parking fee” to guests, even if they’re not parking a car.

On this episode, Jon exposes the common hidden fees in mutual funds, how fee structure changes can happen in your 401(k) without you knowing, while also offering ideas on better-performing options.

Learn about:

• How "transparent" fees can still cost you thousa...

Many are confused about how much you need to retire. Recently, Shark Tank’s Kevin O’Leary said that number is $5 Million!

On this episode, Jon Hicks explains why you should forget the unrealistic "magic number" and turn your focus towards strategies to generate income in retirement.

We discuss why a “one-size-fits-all approach” often does not work, alternative income-generating strategies to help protect your principal and fight ...

Many are sick of feeling trapped by high taxes, particularly California residents. Which explains why the state has lost over 750 thousand residents over the last three years. The oppressive state tax rate of 13.3% has folks packing up and headed for states like Florida, Texas and Tennessee which have no state income tax. 

But if moving is not one of your retirement goals, at J Hagan Capital they can show you alternate solutions t...

Owning a business is a passion project. So, what happens when you want to retire?

In this episode, Jon explores the challenges and emotional nuances that come with considering an exit strategy.

Drawing from personal experience as a small business owner himself, Jon’s speaks about the shift in mindset required when transitioning from the hustle of running a business to the prospect of retirement.

Learn why having a sellable busin...

The W-2 statements you’re getting serve as a reminder that it’s tax season. And if you took advantage of higher interest rates on CDs, money-market funds, and certain bonds in 2023, there’s another statement you’ll see – a 1099-INT – the ‘INT’ stands for interest income… Yes, you have to pay taxes on that money, proving that the 5% you earned isn’t really 5%. 

On this episode, financial advisor Jon Hicks discusses the realities o...

In the golfing world, a “mulligan” is a do-over.  But the ability to have a second chance in your retirement may not be so easy.

On this episode, financial advisor Jon Hicks shares the 5 crucial strategies they believe everyone needs to live out a comfortable retirement, even when things don't go according to plan.

Learn about protecting your retirement investments from market swings, boosting income potential, minimizing taxes, ...

On this episode, financial advisor Jon Hicks uses Shohei Ohtani’s landmark deal with the LA Dodgers to highlight the smart financial moves you can make to help better secure your future.

Jon breaks down steps for individuals, small business owners, and professionals to help maximize savings and create a tax-smart financial strategy. Discover insights on tax-efficient planning and how understanding the tax code can be a game-cha...

The stock market was up 8% in November. Some economists say it’s based on hope that interest rates will finally come down next year, but others argue that the market can keep going even with higher interest rates.

On this episode, we hear from economist Ken Polcari who challenges the need for rate cuts, saying a 5% rate is sustainable. Drawing on personal experiences and historical mortgage rates, Jon paints a vivid picture of ...

In this episode, financial advisor Jon Hicks delves into lesser-known opportunities, such as “backdoor Roth conversions,” highlighting the tax advantages and potential growth of converting after-tax dollars into a Roth 401(k), whether you're approaching retirement or are already retired.

As Jon breaks down these complex financial strategies, he emphasizes the importance of understanding the rules and laws ...

In this episode, Jon Hicks unravels the complexities of healthcare costs in retirement. With alarming studies projecting substantial expenses, Jon dives into the numbers, dissecting the 90% chance that a 65-year-old couple needs nearly $300,000 in savings for healthcare coverage.

Drawing from his own personal experiences of his father’s healthcare needs and costs, Jon addresses the genuine concerns retiree...

In this episode, Jon Hicks takes a sharp turn into the realms of financial etiquette and questionable advice, spotlighting the recent proclamation of a popular nationally syndicated personal finance radio host who said retirees should stay 100% invested in stocks and withdraw 8% of their portfolio each year—with no worries.

Jon dissects why this advice is not only unrealistic but downright dangerous. From ...

New inflation numbers came in lower than expected. October's Consumer Price Index was 3.2%, down from September’s 3.7%, and the core CPI (which excludes food and energy prices) dropped one-tenth to 4.0%. Still, the numbers remain higher than the Fed’s goal of 2%.

In this episode, financial advisor Jon Hicks shares insight on the intricate dance of preparing for your financial future amid the challenges of ...