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3Episodes
Category: Business:Investing

Financial and retirement guidance from John Stillman, founder of Rosewood Wealth Management. Serving Durham, Chapel Hill, and the rest of the Triangle. Make sure your finances are designed to deliver you a harmonious retirement.

July 18, 2019

Getting Your RMD Ducks In a Row

Most people have a basic knowledge of Required Minimum Distributions (RMDs) but few understand how they pertain to IRAs and 401ks, as well as the intricate timing details that are essential to preparing to withdrawal for tax payments. For a better understanding of the best times to withdrawal as well as avoiding penalties, join John and Ron as they discuss a letter Ron recently received shortly after a big birthday.

Check out the show notes here: https://mrstillmansopus.com/retirement/getting-your-rmd-ducks-in-a-row/

0:45 - RMDs for 401(k)s

2:45 – RMDs for IRAs

4:35 – Here’s an example:

5:34 – When do you have to make a withdrawal?

7:00 - In what scenarios would I carry it over?

7:58 - Avoid a loss in penalties!

9:04 – Another Octave 

May 9, 2019

The Retirement Grocery Store

If you think about it, planning for retirement is a bit like going to the grocery store. You need to know what you need, you need to know what you're paying, and at times, you need to purchase the more expensive product. These are just a few of the similarities. Join us as we unpack this analogy and help you shop for a meaningful retirement.

Click the link for more in-depth reading in a recent blog post: https://mrstillmansopus.com/investing-strategy/the-retirement-grocery-store/

March 29, 2019

Four Dangerous Excuses

We often see people justifying their poor financial decisions by making excuses. We'll identify these excuses and explain why they lead to poor judgement.

Click the link for more in-depth reading in a recent blog post: https://mrstillmansopus.com/retirement/four-dangerous-excuses/

March 15, 2019

Lessons From March Madness

March Madness is upon us, and everyone's excited for the upsets, buzzer beaters, and Cinderella stories. As a fan, it's an emotional time of year, and believe it or not, March Madness can teach us a thing or two about retirement.

Click the link for more in-depth reading in a recent blog post: https://mrstillmansopus.com/lifestyle/lessons-from-march-madness/

March 6, 2019

This One’s On The House

Our clients often ask us whether they should accelerate their house payments in order to pay off their house early. Join us as we explore the pros and cons of this strategy.

Click the link for more in-depth reading in a recent blog post: https://mrstillmansopus.com/real-estate/this-ones-on-the-house/

November 14, 2018

Longevity Risk

We're living longer than ever, and of course, that's a good thing. However, longevity presents its own challenges. John explains.

Click the link for more in-depth reading in a recent blog post: https://mrstillmansopus.com/retirement/longevity-risk/

October 23, 2018

Retirement On The Gridiron

This time of year, you can find football on TV almost every night of the week. Let's take some concepts from the gridiron and apply them to retirement.

Click the link for more in-depth reading in a recent blog post: https://mrstillmansopus.com/retirement/retirement-gridiron/

October 9, 2018

Three Tax Tips

On this edition of the podcast, we’ll share with you three tax tips. Specifically, we’ll help you avoid making three crucial tax mistakes.

Click the link for more in-depth reading in a recent blog post: https://mrstillmansopus.com/retirement/three-tax-tips/

September 25, 2018

Social Security Taxation

There’s a lot of confusion surrounding the taxation of Social Security. Join us as we seek to clear up the confusion on the podcast.

Click the link for more in-depth reading in a recent blog post: https://mrstillmansopus.com/taxes/social-security-taxation/

September 11, 2018

Famous Last Words

We’ve all said and done things we’ve later come to regret. Don’t let these financial phrases be your famous last words.

Click the link for more in-depth reading in a recent blog post: https://mrstillmansopus.com/investing-behavior/famous-last-words/

 

August 22, 2018

The Cost Of Long-Term Care

What's the true cost of long term care? Well, that depends on what kind of care you need.

Matt Ayotte and Alan Millikan, founders of Aegis Home Care, came by the studio to talk about different types of care and just how much each one can cost.

Click the link for more in-depth reading in a recent blog post:  https://mrstillmansopus.com/long-term-care/cost-long-term-care/

 

May 15, 2018

Seven Tips For Traveling

Kristin Staley joins us to share tips for making travel more efficient and pleasant. Take note of these seven tips the next time you travel and you'll make the whole experience better!

Click the link for more in-depth reading in a recent blog post: https://mrstillmansopus.com/travel/seven-tips-traveling/

May 1, 2018

Misconceptions of Aging & Healthcare

Until you've actually experienced something for yourself, it's hard to know what to expect. And getting older is no different.

Matt Ayotte and Alan Millikan, founders of Aegis Home Care, came by the studio to talk about four common misconceptions they see when it comes to the average person's understanding of the challenges of aging and healthcare planning.

Click the link for more in-depth reading in a recent blog post: https://mrstillmansopus.com/long-term-care/misconceptions-of-aging-and-healthcare/

February 27, 2018

4 Rules for 401k Rollovers

First, try to say this episode title three times fast. Next, take a listen and learn what you need to know about rolling over your 401k.

January 30, 2018

Roth Conversions

Is a Roth conversion a logical move for you to make or not? John breaks down the pros and cons of converting money to Roth in various situations.

January 16, 2018

RMDs: The Basics

Most people are aware that they're required to start withdrawing money from their retirement accounts at some point. Some people even know that the magic age for this is 70 1/2. But very few people have appropriately factored this into their retirement income plan.

January 2, 2018

8 Travel Mistakes Retirees Should Avoid

For most retirees, travel is a big part of life. John is joined by travel consultant Kristin Staley to go over the eight common travel mistakes you should avoid!

September 7, 2017

Fake News!

We hear a lot about fake news in the political realm these days, but what about fake news in the financial world?

August 21, 2017

Dangerous Minds

Complacency, Overconfidence, Fear, Cynicism, and Despair. How do these five dangerous mindsets manifest themselves in the financial planning process and how can you be sure you're not harboring any of these in your own head?

August 8, 2017

Mirror, Mirror on the Wall…

Have you ever noticed that you look completely different in the bedroom mirror than you do in the bathroom mirror? In the same way, your portfolio can look completely different depending on how closely you look at certain things...