Mike and Al walk through how to handle drawdowns and choppy periods without abandoning a long-term plan, emphasizing risk tolerance, time horizon, and a written investment policy. They highlight tactics like disciplined rebalancing, dollar-cost averaging, and maintaining a cash/short-term bond buffer to avoid selling equities at lows. Tax-loss harvesting and tightening fees are presented as “control what you can control” levers when returns are scarce. The core message: stick to process over predictions, so temporary volatility doesn’t derail lifetime goals.

Mike and Al walk through how to handle drawdowns and choppy periods without abandoning a long-term plan, emphasizing risk tolerance, time horizon, and a written investment policy. They highlight tactics like disciplined rebalancing, dollar-cost averaging, and maintaining a cash/short-term bond buffer to avoid selling equities at lows. Tax-loss harvesting and tightening fees are presented as &ldquo;control what you can control&rdquo; levers when returns are scarce. The core message: stick to process over predictions, so temporary volatility doesn&rsquo;t derail lifetime goals.

08-01-26 When Markets Do Not Cooperate

Mike and Al lays out a checklist for evaluating your advisor - fiduciary duty vs. suitability, fee transparency, and potential conflicts like commissions or proprietary products. They stress planning-first advice, consistent communication (reviews, clear action items), and evidence-based investing rather than performance-chasing. Credentials (e.g., CFP®), a documented investment policy, and a retirement-income plan that accounts for taxes and inflation are highlighted as green flags. Red flags include opaque fees, one-size-fits-all portfolios, and advisors who can’t explain risk in plain English.

Mike and Al lays out a checklist for evaluating your advisor - fiduciary duty vs. suitability, fee transparency, and potential conflicts like commissions or proprietary products. They stress planning-first advice, consistent communication (reviews, clear action items), and evidence-based investing rather than performance-chasing. Credentials (e.g., CFP&reg;), a documented investment policy, and a retirement-income plan that accounts for taxes and inflation are highlighted as green flags. Red flags include opaque fees, one-size-fits-all portfolios, and advisors who can&rsquo;t explain risk in plain English.

07/25/26 Are You Working With The Right Advisor?

Mike and Al explains why investors should focus on inflation-adjusted (real) returns rather than headline (nominal) gains, since inflation, taxes, and fees can quietly erode performance. They compare how cash/CDs, bonds, and equities stack up after inflation over time and what that means for retirement income planning. The episode outlines practical tactics like diversified allocation, being fee-aware, and considering inflation-hedging tools to protect purchasing power. The takeaway: judge your portfolio and advisor by real progress toward goals, not just market rallies.

Mike and Al explains why investors should focus on inflation-adjusted (real) returns rather than headline (nominal) gains, since inflation, taxes, and fees can quietly erode performance. They compare how cash/CDs, bonds, and equities stack up after inflation over time and what that means for retirement income planning. The episode outlines practical tactics like diversified allocation, being fee-aware, and considering inflation-hedging tools to protect purchasing power. The takeaway: judge your portfolio and advisor by real progress toward goals, not just market rallies.

07/18/26 Real Returns

Mike and Al unpack what “legacy” really means - going beyond money to include values, family harmony, and charitable intent. They cover essentials like keeping wills/trusts current, aligning beneficiary designations and account titling, and preparing heirs with clear instructions to avoid probate surprises and conflict. Taxes get practical attention (step-up in basis, Roth vs. traditional inheritances, and when lifetime gifting or donor-advised funds make sense). The takeaway: document your wishes, communicate them early, and coordinate your estate, tax, and beneficiary plans so your legacy is carried out smoothly and intentionally.

Mike and Al unpack what &ldquo;legacy&rdquo; really means - going beyond money to include values, family harmony, and charitable intent. They cover essentials like keeping wills/trusts current, aligning beneficiary designations and account titling, and preparing heirs with clear instructions to avoid probate surprises and conflict. Taxes get practical attention (step-up in basis, Roth vs. traditional inheritances, and when lifetime gifting or donor-advised funds make sense). The takeaway: document your wishes, communicate them early, and coordinate your estate, tax, and beneficiary plans so your legacy is carried out smoothly and intentionally.

07/11/26 Legacy Issues

07/04/26 I Think I Know I Feel

Mike and Al calls out five frequent missteps - chasing performance, holding the wrong risk mix for your time horizon, and letting taxes and fees quietly erode returns. They add that many investors skip a written plan (with cash-flow, withdrawal, and rebalancing rules) and neglect beneficiary/estate housekeeping, which can undo years of good saving. Practical fixes include automating contributions, rebalancing on schedule, coordinating asset location for taxes, and keeping 1–2 years of near-cash reserves. The takeaway: discipline and planning - not hunches - are what keep you on track.

Mike and Al calls out five frequent missteps - chasing performance, holding the wrong risk mix for your time horizon, and letting taxes and fees quietly erode returns. They add that many investors skip a written plan (with cash-flow, withdrawal, and rebalancing rules) and neglect beneficiary/estate housekeeping, which can undo years of good saving. Practical fixes include automating contributions, rebalancing on schedule, coordinating asset location for taxes, and keeping 1&ndash;2 years of near-cash reserves. The takeaway: discipline and planning - not hunches - are what keep you on track.

06/27/26 5 Mistakes you're Making

Mike and Al address how taxes often surprise retirees even if they expect a lower tax bill, things like required minimum distributions, Social Security income, and investment income can push them into higher brackets. They walk through tactics to manage that outcome (e.g., converting traditional IRAs to Roths strategically, timing capital-gain realization, and balancing tax-efficient account placement). Listener calls bring real-life questions such as the viability of the 4% withdrawal “rule”, trade-offs between 401(k)/403(b)/457 plan rollovers, and behavioral issues around spending vs saving in retirement. The takeaway: tax planning is integral to retirement income strategy - not an after-thought - and being proactive with taxes can significantly impact how much of your money you actually keep

Mike and Al address how taxes often surprise retirees even if they expect a lower tax bill, things like required minimum distributions, Social Security income, and investment income can push them into higher brackets. They walk through tactics to manage that outcome (e.g., converting traditional IRAs to Roths strategically, timing capital-gain realization, and balancing tax-efficient account placement). Listener calls bring real-life questions such as the viability of the 4% withdrawal &ldquo;rule&rdquo;, trade-offs between 401(k)/403(b)/457 plan rollovers, and behavioral issues around spending vs saving in retirement. The takeaway: tax planning is integral to retirement income strategy - not an after-thought - and being proactive with taxes can significantly impact how much of your money you actually keep

06/20/26 Taxes In Retirement

Mike and Al tackles advanced, often-missed scenarios like coordinating survivor benefits, divorced-spouse rules (10-year marriage requirement), and how claiming choices affect a widow(er)’s long-term income. They walk through sequencing strategies that blend delayed retirement credits with IRA/Roth withdrawals to reduce lifetime taxes and IRMAA surcharges. Special edge cases - public pensions triggering WEP/GPO, filing while self-employed, and timing around earnings tests get practical do’s and don’ts. The takeaway: optimize Social Security at the household level by integrating benefits with tax, healthcare, and estate planning, not by treating it as a one-and-done decision.

Mike and Al tackles advanced, often-missed scenarios like coordinating survivor benefits, divorced-spouse rules (10-year marriage requirement), and how claiming choices affect a widow(er)&rsquo;s long-term income. They walk through sequencing strategies that blend delayed retirement credits with IRA/Roth withdrawals to reduce lifetime taxes and IRMAA surcharges. Special edge cases - public pensions triggering WEP/GPO, filing while self-employed, and timing around earnings tests get practical do&rsquo;s and don&rsquo;ts. The takeaway: optimize Social Security at the household level by integrating benefits with tax, healthcare, and estate planning, not by treating it as a one-and-done decision.

06/13/26 Social Security Part 3

Mike and Al moves beyond the basics into strategy - how couples can coordinate filing ages, sequence survivor benefits, and weigh break-even analysis when one spouse has much higher earnings. They cover tax and Medicare interactions (IRMAA surcharges, provisional income thresholds) and how Roth conversions or drawing from IRAs first can reduce lifetime taxes on benefits. Special cases like the Windfall Elimination Provision (WEP), Government Pension Offset (GPO), and claiming while still working get practical do’s and don’ts to avoid surprises. The takeaway: maximize household lifetime benefits by integrating Social Security timing with taxes, healthcare, and overall retirement cash-flow not as a stand-alone decision.

Mike and Al moves beyond the basics into strategy - how couples can coordinate filing ages, sequence survivor benefits, and weigh break-even analysis when one spouse has much higher earnings. They cover tax and Medicare interactions (IRMAA surcharges, provisional income thresholds) and how Roth conversions or drawing from IRAs first can reduce lifetime taxes on benefits. Special cases like the Windfall Elimination Provision (WEP), Government Pension Offset (GPO), and claiming while still working get practical do&rsquo;s and don&rsquo;ts to avoid surprises. The takeaway: maximize household lifetime benefits by integrating Social Security timing with taxes, healthcare, and overall retirement cash-flow not as a stand-alone decision.

06-06-26 Social Security Part 2

Mike and Al covers claiming basics - full retirement age, early vs. delayed credits, and how lifetime earnings history determines your benefit. They explain spousal, divorced-spouse, and survivor benefits, and how working while claiming can trigger the earnings test before full retirement age. Taxes and coordination matter: up to 85% of benefits can be taxable depending on provisional income, and timing should be integrated with IRA withdrawals and pensions. The key takeaway: treat Social Security as part of an overall retirement income plan rather than a standalone decision.

Mike and Al covers claiming basics - full retirement age, early vs. delayed credits, and how lifetime earnings history determines your benefit. They explain spousal, divorced-spouse, and survivor benefits, and how working while claiming can trigger the earnings test before full retirement age. Taxes and coordination matter: up to 85% of benefits can be taxable depending on provisional income, and timing should be integrated with IRA withdrawals and pensions. The key takeaway: treat Social Security as part of an overall retirement income plan rather than a standalone decision.

Money Matters with Al & Mike

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