Are you ready to take control of your financial future? In today’s podcast, Alan and Troy dive into listener questions about retirement planning, like what to do about your old 401(k) or how to handle a sudden influx of money. While each of these are “good” problems to have, you still want to be strategic about your next steps.

Alan and Troy stress the importance of having a comprehensive financial plan tailored to your unique situation. Whether you're five to ten years away from retirement or just starting to think about your financial future, sitting down with a qualified professional can help you make informed decisions that align with your goals.

Here’s some of what we discuss in this episode:

• Should I do a 401(k) rollover?
• What reasons do people do a rollover?
• How do you handle newfound wealth?

Get additional financial resources here: https://mercurioadvisors.com/podcasts/

In retirement, your income source is different than it was during your working years. With inflation and market fluctuations to consider, how can you build an income plan that is strong and stable? Alan and Troy share what a comprehensive retirement income plan looks like and what kind of accounts you want to draw from first.

Then, they talk through strategies around Roth conversions. Is it right for you? While there are limits to how much you can contribute to a Roth IRA each year, does that rule apply for Roth conversions? What kind of impact could it have on your taxes or Medicare? Bottom line: talk with a financial advisor to determine the right next steps for you and your unique situation.

Here’s some of what we discuss in this episode:

• Mailbag: Starting Social Security at age 70?
• Mailbag: Can I do a Roth conversion for any amount of money?
• Past performance is not the same as future results.
• Why working with a financial advisor matters.

Get additional financial resources here: https://mercurioadvisors.com/podcasts/

It’s easy to be taken in by half-truths in the financial world without understanding the whole truth. Troy breaks down some of these commonly held beliefs to provide clarity and advice for your financial future. He dives into misconceptions about market losses, portfolio fees, mortgage interest rates, and diversification strategies. Through real-life examples and expert analysis, you’ll learn valuable insights to help you navigate your retirement planning with confidence.

One of the most memorable takeaways from the episode is the analogy used to describe diversification: "You don't want all your eggs in one basket, but you want all your baskets on the same table." This means diversifying your investments while keeping them within a manageable framework, making it easier for you and your loved ones to handle your affairs as needed.

Here’s some of what we discuss in this episode:

• “The market always goes up in the long-run.”
• “The fees are less than one percent.”
• “It’s better to invest money than pay off your mortgage.”

Get additional financial resources here: https://mercurioadvisors.com/podcasts/