Financial Fuel with Trent Miles

In this episode of Financial Fuel, host Trent Miles dives into the common financial mistakes made by baby boomers as they approach retirement. He discusses the pitfalls of over-relying on Social Security, the dangers of playing catch-up too late in the game, and the often underestimated costs of healthcare in retirement. Trent emphasizes the importance of having a diversified income plan that includes various sources of income, suc...

On this edition of Financial Fuel, with Trent Miles, the conversation delves into the complexities of retirement planning, focusing on the increasing trend of early retirements, the challenges posed by healthcare costs, and the importance of strategic planning for Social Security and income streams. The discussion emphasizes the need for stress testing retirement plans against market volatility and unexpected expenses, while also a...

In this episode of Financial Fuel, Trent Miles discusses the current financial landscape for retirees, focusing on the impact of interest rate changes, low savings yields, and inflation. The conversation highlights the importance of adapting retirement strategies, especially for couples, and emphasizes the need for a comprehensive financial plan. Positive trends in retirement savings are also explored, showcasing increased confiden...

In this episode of Financial Fuel, Trent Miles discusses the feasibility of retiring in three years or less, emphasizing the importance of health insurance, cash flow management, and maximizing retirement accounts. Trent explores strategies for Social Security benefits, the necessity of eliminating high-interest debt, and the considerations around paying off a mortgage before retirement. The conversation also highlights the growing...

In this episode of Financial Fuel, Trent Miles discusses the critical aspects of legacy planning, emphasizing the importance of having a solid plan in place to ensure that wealth, values, and intentions are passed on to future generations. The conversation covers common mistakes in estate planning, the significance of involving family in discussions, and the role of professionals in navigating the complexities of financial planning...

In this episode of Financial Fuel, host Trent Miles discusses essential year-end tax planning strategies for retirement. The conversation covers various topics including tax loss harvesting, Roth conversions, required minimum distributions (RMDs), and charitable giving as a tax strategy. Trent emphasizes the importance of personalized financial planning and the need to address these strategies before the year ends to maximize tax e...

On today's episode host Trent Miles explores the implications of increased savings on taxable opportunities, particularly focusing on tax-deferred accounts like IRAs and 401ks. The discussion highlights how these accounts can lead to higher tax liabilities in retirement, emphasizing the importance of strategic planning for pre-retirees.

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In this episode of Financial Fuel, Trent Miles discusses the importance of having a solid retirement plan amidst market volatility. He emphasizes the need for proactive planning, asset allocation strategies, and income strategies during downturns. The conversation also covers the significance of preparing for economic uncertainty and building a customized retirement plan tailored to individual needs. Real-life scenarios are present...

In this episode of Financial Fuel, Trent Miles discusses the implications of the current AI surge on retirement planning. He explores the potential risks associated with concentrated investments in AI stocks, emphasizing the importance of diversification. The conversation also delves into behavioral finance, highlighting how FOMO (fear of missing out) and confirmation bias can lead to emotional investment decisions. Trent provides ...

In this episode of Financial Fuel, Trent Miles discusses the evolving concept of retirement, emphasizing that it should be viewed as a new beginning rather than an end. Trent explores the importance of having a clear plan, defining one's identity in retirement, and the necessity of financial and emotional margin. The conversation also highlights the significance of creating a 'freedom filter' to guide decision-making in retirement,...

On this episode of Financial Fuel, Trent Miles discusses the complexities of retirement planning, especially for high earners. He emphasizes the importance of having a comprehensive strategy that includes tax planning, investment strategies, and estate planning. The conversation covers various topics such as the sequence of return risk, the significance of liquidity, and the benefits of charitable giving as a tax strategy. Trent al...

In this episode of Financial Fuel, Trent Miles discusses the common misconceptions surrounding retirement expenses, emphasizing that many retirees underestimate their costs. Trent explores the importance of planning for healthcare, long-term care, and taxes, and introduce the bucket strategy for structuring retirement income. The conversation also highlights the role of annuities in providing guaranteed income and addresses real-li...

In this episode of Financial Fuel, Trent Miles discusses the critical aspects of retirement planning, emphasizing the importance of understanding income replacement rather than just focusing on account balances. Trent explores the concept of safe withdrawal rates, the significance of budgeting in retirement, and the need for a comprehensive income plan. The conversation also touches on the emotional and practical considerations of ...

In this episode of Financial Fuel, host Trent Miles discusses essential aspects of retirement planning, including common myths, the importance of timing, tax implications, and the impact of inflation. The conversation also highlights mistakes made by the ultra-wealthy, the significance of understanding hidden fees, and considerations for long-term care. Trent emphasizes the need for a customized retirement plan to ensure financial ...

In this episode of Financial Fuel, Trent Miles discusses the essential principles for achieving retirement success, emphasizing the importance of staying invested, healthcare planning, guaranteed income, and living with purpose. The conversation also delves into the complexities of retirement planning, including the implications of required minimum distributions (RMDs), the impact of Medicare means testing, and the significance of ...

On this episode of Financial Fuel we dive deep on annuities. If you have an annuity that you purchased before 2022 it may be time to check and see if it is still a good fit for your portfolio. Our host Trent Miles breaks down the different types of annuities as well as the benefits that come with them. Education is key when considering different products for your portfolio. Gather as much information as you can so you can make an i...

In this episode of Financial Fuel, Trent Miles discusses the evolving landscape of retirement planning, emphasizing the importance of adapting strategies to meet modern challenges. Key topics include the increasing longevity of retirees, rising healthcare costs, the financial implications of long-term care, and the volatility of investment portfolios. Trent also addresses the realities of Social Security, the necessity of tax plann...

In this episode of Financial Fuel, Trent Miles discusses the importance of not just saving for retirement, but also how to effectively withdraw funds from retirement accounts to minimize taxes and maximize income. The conversation covers various retirement accounts, the significance of timing social security, strategies to avoid tax pitfalls, and the rising costs of long-term care. Trent emphasizes the need for a comprehensive reti...

In this episode of Financial Fuel, host Trent Miles discusses the resilience of the US stock market and the importance of maintaining a stake in equities for long-term financial health. The conversation covers various investment strategies, including diversification beyond tech stocks, the significance of consumer sentiment and spending trends, and the implications of valuation considerations in the current market. Additionally, Tr...