Boomers, Bucks, and Bling Podcast
Unlock the secrets to financial success with the Boomers, Bucks, and Bling Podcast!
Hosted by Carl Spiteri, a veteran Mortgage Loan Originator with over 30 years of experience, this podcast is your ultimate guide to mastering the financial intricacies of buying, selling, and lending in today's dynamic market. Whether you're a home buyer, lender, or seller, Carl's expert insights and practical advice will empower you to make informed decisions that lead to lasting financial stability.
Each episode breaks down complex financial concepts into easy-to-understand discussions, featuring everything from credit scoring and budgeting tips to the latest trends in commercial and residential lending. With guest appearances from industry professionals and real-world examples, Boomers, Bucks, and Bling offers valuable perspectives that can help you navigate the financial landscape with confidence.
Tune in to stay ahead of the curve and take control of your financial future!
Boomers, Bucks, and Bling Podcast
Tax Surprises in Retirement: Avoiding the Double Whammy | Boomers, Bucks & Bling Ep. 19
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In this episode of Boomers, Bucks & Bling, Carl welcomes back financial advisor Jon to tackle one of the biggest challenges Baby Boomers face in retirement—unexpected taxes. From 401(k) withdrawals to Social Security taxation, John breaks down the “double whammy” many retirees don’t see coming—and how to plan ahead to keep more of your money.
What you’ll learn in this episode:
-Why withdrawing from your 401(k) or IRA can trigger higher taxes than expected
-The “double whammy” of paying taxes on distributions and then paying taxes again to cover them
-How longevity risk and inflation can eat away at retirement savings
-Hidden costs of healthcare in retirement—Medicare surcharges, Social Security taxation, and rising premiums
-Smart strategies for retirement income distribution: pensions, Social Security timing, savings vs. retirement accounts
-The power of bracket filling and step-up in tax basis to protect your wealth
-Why reverse mortgages can provide tax-deferred retirement income
👉 If you’re planning for retirement or already retired, this episode is packed with insights on how to avoid costly mistakes and make your money last.
🎧 Listen to More Episodes:
Spotify: https://ow.ly/ttaN50TZH81
Apple Podcasts: https://ow.ly/cFb350TZH84
YouTube Playlist: https://ow.ly/cwaf50TZH8u
Guest Info:
Jon Beyrer CFP(r) – Senior Financial Advisor and Partner at Blankinship & Foster, LLC
Phone: (858) 755-5166
Website: https://www.bfadvisors.com/team/jon-beyrer/
LinkedIn: https://www.linkedin.com/in/jon-beyrer/
Subscribe for more episodes about:
✔️ Medicare, Medicaid, & Social Security
✔️ Reverse Mortgages & Financial Safety
✔️ Retirement Planning & Aging in Place
✔️ Lifestyle tips for Boomers & Gen X
Got questions or topics you want covered? Drop them in the comments or visit https://carlspiteri.com
Let’s Connect!
Call: (858) 526-3037
Email: carl.spiteri@originpoint.com
Carl Spiteri NMLS ID: 286890
Producing Partnership Branch Manager | OriginPoint Mortgage NMLS #2185899
Licensed in: AZ, CA, CO, FL, ID, MI, OR, TN, TX, WA
OriginPoint LLC; NMLS #2185899; For licensing information visit nmlsconsumeraccess.org. Equal Housing Lender. AZ: OriginPoint LLC - 15333 North Pima Road, Suite 305, Office 337, Scottsdale, AZ 85260, Mortgage Banker License #1038328• CA: Licensed by the Department of Financial Protection and Innovation (DFPI) under the California Residential Mortgage Lending Act RMLA #41DBO-150076