Retire Ready with Kyle Hammerschmidt

Dec 31 2024 117 ep. 15 mins
Retire Ready with Kyle Hammerschmidt Podcast artwork

Make sure you can Retire Ready with Kyle Hammerschmidt, the President of MOKAN Financial in Overland Park, KS. Kyle will teach you on each episode how to properly plan for retirement and your financial future. Learn about IRAs, 401ks, pensions, Social Security, and much more. Contact Kyle with any questions at https://mokanwealth.com or by calling 913-257-3991.

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Maximize Your Retirement Savings: New 2025 Contribution Limits and Strategies

Dec 31 2024 8 mins  
Send us a text This week on Retire Ready, host Kyle Hammerschmidt breaks down the latest updates and strategies to help you maximize your retirement savings. With big changes to contribution limits thanks to the Secure Act 2.0, it’s more important than ever to stay informed and plan ahead. 🎧 Highlights from the Episode: 🚀 2025 Contribution Limit Updates: Learn about the new

Top 5 Reasons to Do Roth Conversions Before Retirement With $1M+ In Retirement Savings

Dec 24 2024 10 mins  
Send us a text In this episode, Kyle, dives into one of his favorite tax planning tools: Roth conversions. If you’ve got over a million dollars saved in your retirement accounts, this could be the most impactful eight minutes of your week. Learn how Roth conversions can transform your retirement savings, offering benefits like tax-free withdrawals, freedom from Required Minimum D

Social Security Secrets: What Every Soon-to-Be Retiree Should Know

Dec 17 2024 13 mins  
Send us a text Welcome to Retire Ready, the podcast that simplifies the complexities of retirement planning so you can confidently prepare for your golden years. Hosted by Kyle Hammerschmidt, this show dives into crucial topics like Social Security, retirement income strategies, and the decisions that can make or break your financial future. In this episode, we cover: The basics of

Understanding the Taxation of Social Security Benefits: What You Need to Know

Dec 10 2024 10 mins  
Send us a text In this episode, Kyle dives into a critical yet often misunderstood aspect of retirement planning: the taxation of Social Security benefits. Many assume these benefits are tax-free, but the reality can be a costly surprise for retirees. Kyle breaks down the basics of Social Security taxation, explains how your income impacts tax thresholds, and shares actionable stra

Navigating the Social Security Benefits Application Process

Dec 03 2024 13 mins  
Send us a text Podcast Description: In this episode of Retire Ready with Kyle Hammerschmidt, we’re tackling one of the most critical steps in your retirement journey: applying for Social Security benefits. Whether you're planning to claim at 62, hold out until 70, or fall somewhere in between, this episode has you covered with actionable advice. Kyle breaks down the application p

Married 59: The Road to Retirement in 5 Years | Case Study

Nov 26 2024 20 mins  
Send us a text In this week’s episode, host Kyle Hammerschmidt dives into a detailed case study of "John and Mary," a married couple from Kansas, both aged 59, preparing to retire in five years. Kyle breaks down their financial landscape, including $1.7 million in tax-advantaged retirement accounts, Social Security strategies, and their goals of maintaining their current lifestyl

Six Point Checklist: Hiring a Financial Advisor for Retirement

Nov 19 2024 10 mins  
Send us a text Planning for retirement is a journey, and choosing the right financial advisor is one of the most critical decisions you'll make. In this episode of Retire Ready, host Kyle Hammerschmidt unpacks the essentials for finding the perfect advisor to guide you through the complexities of retirement planning. 🔑 What You'll Learn: - The Six-Point Checklist: - Fee-only fin

Never Too Late for a Roth Conversion? The Retiree's Tax-Slashing Secret

Nov 12 2024 11 mins  
Send us a text In this episode, Kyle dives into a real-world retirement planning case study featuring a pre-retiree couple in their early 60s with diverse income streams, including Social Security, pensions, rental income, and investments. This discussion addresses three main concerns: maximizing Social Security, implementing a strategic Roth conversion plan, and developing an effi

Navigating 2025 Tax Brackets and Beyond: Essential Tips for Tax Planning

Nov 05 2024 11 mins  
Send us a text In this episode, we’re diving into a topic that’s going to impact everyone’s finances in the coming year: the new 2025 federal income tax brackets. The IRS recently announced adjustments to the tax bracket ranges to keep up with inflation, helping taxpayers avoid "bracket creep" — the phenomenon where inflation alone pushes you into a higher tax bracket witho

Married Couple with $2.2M: When Can We Retire?

Oct 29 2024 22 mins  
Send us a text In this episode, we explore essential retirement strategies through a real-life case study. Topics include: Crafting a sustainable retirement income planRoth conversion strategies and how they can benefit retireesMaximizing Social Security to enhance incomeTax-efficient withdrawal strategies for lasting savingsNavigating retirement income guardrails to minimize riskA