Retire Smart Maryland Radio with Prashant Sabapathi

On this edition of Retire Smart Maryland Radio host Jon Defeo discusses secure income strategies during uncertain times. The latest Northwestern Mutual Study has interesting numbers and we will dive in. The impact of the latest legislation from Capitol Hill has people concerned. How will Social Security fit into your overall plan? Great question, and when should you take social security? better question, and the short answers is "d...

In this episode of Retire Smart Maryland Radio, hosts Prashant Sabapathi and Jon DeFeo discuss the essential elements of retirement planning, emphasizing the importance of intentional planning, understanding income needs, and transitioning from saving to spending. They explore the impact of inflation and healthcare costs on retirement, the financial implications of divorce, and the significance of having a comprehensive financial p...

In this episode of Retire Smart Maryland Radio, hosts Prashant Sabapathi and Jon DeFeo discuss the critical differences between saving and investing, emphasizing the importance of understanding financial goals and risk management. They explore the concept of phased retirement as a way to ease into retirement while maintaining purpose and identity. The conversation also touches on legacy planning, highlighting strategies to create a...

In this episode of Retire Smart Maryland Radio, host Prashant Sabapathi discusses the concept of financial independence, emphasizing that it is not merely about wealth accumulation but about having the freedom to live life on one's own terms. The conversation explores practical steps to achieve financial independence, the importance of passive income, and the role of financial literacy in retirement planning. Additionally, the epis...

In this episode of Retire Smart Maryland Radio, Jon DeFeo discusses the financial challenges faced by baby boomers as they approach retirement. Jon explores common mistakes such as overestimating Social Security benefits and delaying contributions, emphasizing the importance of proactive planning. The conversation highlights the significance of risk management, especially in the first year of retirement, and introduces Kiplinger's ...

In this episode of Retire Smart Maryland Radio, Jon DeFeo discusses the implications of a proposed government initiative to provide seed money for children, exploring its potential impact on retirement planning. He delves into the importance of financial literacy and the challenges of managing financial stress, emphasizing the need for a long-term perspective in financial planning. The conversation also highlights practical tips fo...

In this episode, Jon DeFeo discusses the common financial missteps individuals make and how to recover from them. He emphasizes the importance of recognizing mistakes, learning from them, and not letting emotions dictate financial decisions. The conversation covers various strategies for building reliable income in retirement, including Social Security, annuities, and the bucketing strategy for asset management.

If you have any que...

In this episode of Retire Smart Maryland Radio, hosts Prashant Sabapathi and Jon DeFeo discuss a new sweeping tax proposal that could significantly impact retirement planning, especially for high-income earners and business owners. They explore the implications of the proposed tax cuts, spending cuts, and the potential economic impact on retirees. The conversation emphasizes the importance of tax planning, particularly through stra...

In this episode of Retire Smart Maryland Radio, Jon DeFeo discusses the nuances of retirement expenses, emphasizing that not all costs remain fixed. While some expenses may decrease, such as commuting and wardrobe costs, healthcare expenses are likely to rise. The conversation also highlights the importance of planning for lifestyle changes, social security strategies, and healthcare needs as couples approach retirement. Jon stress...

In this episode of Retire Smart Maryland Radio, host Prashant Sabapathi discusses the realities of retirement, highlighting that many retirees report their experiences are better than expected. He explore key strategies for building a successful retirement, including creating multiple income sources, consolidating accounts, and utilizing catch-up contributions. The conversation also addresses common retirement red flags, such as li...

In this episode, Prashant Sabapathi discusses the unconventional and conventional economic indicators that can inform retirement planning. He highlights the importance of understanding cash flow mistakes retirees often make and offers strategies for creating sustainable income in retirement. The conversation emphasizes the need for proactive planning to avoid common pitfalls and ensure financial security during retirement.

If you h...

In this episode of Retire Smart Maryland Radio, hosts Prashant Sabhapathi and Jon DeFeo discuss the importance of having a solid financial plan in the face of economic uncertainty. They explore strategies for maintaining a stable wealth plan during volatile market conditions, including the significance of mindset, combating inflation, the role of cash, portfolio adjustments, and tax strategies.

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On this week's episode, Jon DeFeo discusses common risky assumptions people make about retirement planning. Jon emphasizes the importance of having a comprehensive plan that accounts for market volatility, inflation, and personal circumstances. The discussion covers various assumptions such as relying on market performance, the impact of inflation, the feasibility of working longer, and the potential reliance on family support. Jon...

In this episode of Retire Smart Maryland Radio, hosts Prashant Sabapathi and Jon DeFeo discuss the current market volatility and its implications for retirement planning. They emphasize the importance of having a solid financial plan, especially in uncertain times, and highlight the critical knowledge gaps surrounding Social Security among pre-retirees. The conversation covers strategies for navigating market turbulence, the signif...

In this episode of Retire Smart Maryland Radio, hosts Prashant Sabapathi and Jon DeFeo discuss the current economic climate, addressing concerns about a potential recession and its implications for retirement planning. They emphasize the importance of having a solid financial plan, especially during turbulent times, and explore hidden costs that can impact retirement savings. The conversation also covers strategies for managing deb...

In this episode of Retire Smart Maryland Radio, hosts Prashant Sabapathi and Jon DeFeo discuss the importance of tax efficiency in retirement planning. They explore various tools such as life insurance, income annuities, and Roth accounts, emphasizing the need for a diversified and strategic approach to wealth management. The conversation also draws parallels between retirement planning and lessons from classic literature, highligh...

In this episode of Retire Smart Maryland Radio, Jon DeFeo discusses the various curveballs that can impact retirement planning, including financial instability, healthcare costs, taxes, inflation, and estate planning. He emphasizes the importance of having a flexible retirement plan that can adapt to life's unexpected challenges. The conversation also covers strategies to mitigate these risks, such as creating a realistic spending ...

On this episode of Retire Smart Maryland Radio, hosts Prashant Sabapathi and Jon DeFeo discuss the impact of tariffs on retirement planning, myth-busting common misconceptions. They explore the role of indexed annuities in securing financial futures, the benefits of tax-deferred growth, and the importance of having a safety net in retirement. The conversation also highlights the significance of estate planning, using the example of...