Planning Matters Radio

Hosted by Richon Planning

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100

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Jun 2026

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About the show

An independent financial, investment, and retirement planner. Identifying opportunities and protecting what's important. We help you protect your paycheck through all walks of life and manage assets to help you achieve your retirement goals.

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60 recent

June 13, 2026Episode 61315 min

💸 Expecting a Windfall? How to Make Sure Your Inheritance Doesn't Disappear

$133,000 — gone. So what's really going on here? And more importantly… how can families avoid it? In this interview, @peter with @richonplanning and @erinkennedy break down: • Why inheritances are spent faster than other financial windfalls • The biggest mistakes families make when passing down wealth • Smart strategies to help ensure your legacy actually lasts Receiving an inheritance often comes with more than just financial decisions... it can carry real emotional weight. The best way to protect your family and make thoughtful choices is to have a plan in place ahead of time. Connect with Peter at xxx or visit www.RichonPlanning.com to start building a strategy that supports your family's future.

June 6, 2026Episode 60612 min

Claiming Social Security at 62: What You're Really Giving Up

It sounds like a smart move: claim your Social Security early, invest the checks, and get ahead. But for many high earners, that strategy can backfire… and cost far more than expected. As Peter with Richon Planning and Erin Kennedy discuss, claiming early and investing the benefit isn't as simple as it sounds. 🎯 We also break down: • How the Social Security earnings test can wipe out your benefit while you're still working • The true cost of claiming at 62 vs. waiting until full retirement age, or even 70 • The often-overlooked impact on your spouse, especially survivor benefits 💡 Bottom line: Timing when you claim Social Security isn't just about getting paid sooner, it's about maximizing income, protecting your spouse, and avoiding costly mistakes. It's one of the most important decisions you will make in retirement, and it's something Peter specializes in. To determine when you should claim, call (919) 300-5886 or visit www.RichonPlanning.com

May 30, 2026Episode 53013 min

🚨 The ACA Cliff Is Back: How $1 Could Cost You Thousands in Health Insurance

Most people planning for early retirement focus on investments… But the real shock? Healthcare. Starting in 2026, a little-known rule under the Affordable Care Act could create a massive financial trap: earn just one extra dollar, and your health insurance premiums could jump by tens of thousands. 🎯 In this interview, Peter with Richon Planning and Erin Kennedy break down: • Why marketplace insurance is tied directly to your income—and how that catches retirees off guard • What changes as enhanced ACA subsidies expire • Who's most at risk for major premium spikes • Smart strategies to help avoid this hidden income trap • Why income planning is now just as important for healthcare as it is for taxes 💡 Bottom line: Income in retirement isn't just about what you keep after taxes anymore… It can determine what you pay for healthcare, too. If you'd like to retire before you're eligible for Medicare, start planning now. To create a holistic financial plan that incorporates income, taxes, health care, and your legacy, please call Peter at (919) 300-5886 or visit www.RichoPlanning.com

May 23, 2026Episode 52311 min

5 Retirement Costs That Keep Climbing (And How to Prepare)

Planning for retirement isn't just about growing your investments... it's about preparing for the expenses that can quietly eat away at your nest egg. In this interview, Peter with Richon Planning and Erin Kennedy break down 5 costs that are rising faster than many people expect... and what you can do now to stay ahead: • Health care expenses (because Medicare doesn't cover everything) • Home modifications for aging in place • Car expenses that don't disappear in retirement • Home insurance premiums climbing year after year • Relocation costs that can catch you off guard 🎯 The reality? Even a well-built plan can be thrown off by rising costs, but with the right strategy, you can protect what you've worked so hard to build. To speak with Peter to learn how to prepare, plan, and stay in control of your future, please call (919) 300-5886 or visit www.RichonPlanning.com

May 16, 2026Episode 51617 min

Top Annuity Income Strategies: Finding the Right Fit for You

If you're thinking about retirement income, the real question isn't "Are annuities good or bad?" — it's "Are they right for you?" In this interview, Peter with Richon Planning and Erin Kennedy break down: ✔️ Why annuities get such mixed reactions ✔️ The difference between fixed, indexed, and variable annuities ✔️ How to know which (if any) fits your plan ✔️ When the right time to buy might be ✔️ And how all of this connects to your Social Security strategy Because retirement income isn't just about growth—it's about creating confidence, consistency, and a plan that lasts. If you'd like to compare annuity rates and get free, personalized quotes from top-rated insurance carriers, check out www.TopAnnuityIncome.com to see how much monthly income your investment could generate — in just minutes.

May 9, 2026Episode 50916 min

🚨 76 Years of Headlines… And the Market Keeps Moving Forward 📈

From oil embargoes to global pandemics, the S&P 500 has faced decades of uncertainty, and historically, come out stronger on the other side. But what does that mean for your portfolio right now? In today's video, Peter with Richon Planning and Erin Kennedy talk through: • How markets have responded to major global events over time • When it actually makes sense to adjust your investments... and when it doesn't • What changes (if any) pre-retirees and retirees should consider • ⚠️ The real risk retirees face in a down market: sequence risk • 🛡️ Strategies to help protect your income during volatility 💡 The big takeaway: Your financial plan should be built around your life and your goals... not the latest headline. If recent market news has you feeling uneasy, please feel free to give Peter a call at (919) 300-5886 or visit www.RichonPlanning.com to create a financial plan tailored to your goals and risk tolerance.

May 2, 2026Episode 50218 min

When Should You Start Taking Money Out of Your 401(k)? 💰

A 401(k) can be one of your most powerful retirement tools, but timing those withdrawals matters more than most people realize. As Peter with Richon Planning explains to Erin Kennedy if you take money out too early, you could face penalties. But on the other hand, if you wait too long, required minimum distributions could push you into a higher tax bracket. So how do you strike the right balance? In this interview, we break down: ✔️ Why tax-deferred savings matter ✔️ The rules around early withdrawals (and what they cost you) ✔️ How withdrawals are taxed after 59½ ✔️ What you need to know about RMDs ✔️ Strategies to create income without creating a tax headache The goal isn't just to save, it's to shoot for higher returns by being "tax smart." If you'd like to determine your withdrawal strategy and how it affects when you claim Social Security and what you'll pay for Medicare, please give Peter a call at (919) 300-5886 or visit www.401kDistributions.com

April 25, 2026Episode 42111 min

📊 More Retirees Are "Unretiring," Here's What It Says About Today's Retirement Reality

A growing number of Americans are heading back to work after retiring... not by choice, but by necessity. A new survey from AARP found that 7% of retirees re-entered the workforce in the past six months, up from 6% in summer 2025. The biggest reason? The rising cost of living. In fact, as Peter with Richon Planning and Erin Kennedy discuss: 💰 48% say they returned to work because they need the money or feel uncertain about the economy 📈 41% say everyday living costs are the biggest financial pressure ⚠️ 67% believe it would be difficult to find a new job today This trend, sometimes called "unretiring," highlights an important reality: retirement planning isn't just about saving enough… it's about building a plan that can withstand inflation, market volatility, and unexpected expenses. In this interview, we break down: ✔️ Why more retirees are returning to work ✔️ How inflation can quietly undermine retirement plans ✔️ The risk of assuming you can always go back to work ✔️ Strategies to stress-test a retirement income plan Planning ahead can help ensure retirement remains a choice — not a financial necessity. To stress test your retirement income plan, please call Peter at (919) 300-5886 or visit www.RichonPlanning.com

April 18, 2026Episode 4189 min

💡 3 Reasons Young Adults Should Consider Life Insurance

Life insurance is often seen as something you set up later in life... after marriage, kids, or buying a home. But waiting could mean missing out on some key benefits. In this interview, Peter with Richon Planning and Erin Kennedy break down three important reasons young adults may want to consider life insurance sooner rather than later: ✔️ Lower costs: Policies are often significantly cheaper when you're younger. In fact, term life insurance can be 50–70% less expensive in your 20s versus your 40s, according to NerdWallet. ✔️ Peace of mind during major life milestones: Starting a family or getting married comes with new responsibilities; life insurance can help provide financial protection. ✔️ Protection when you least expect it: Life insurance isn't just about long-term legacy planning. It can help cover things like debts, co-signed loans, or final expenses. If you're balancing priorities like student loans, saving, and building an emergency fund, Peter can help you prioritize your savings while still figuring out how life insurance can fit into your financial plan. Please call (919) 300-5886 or visit www.RichonPlanning.com with any questions.

April 10, 2026Episode 41114 min

💡 In-Service Rollovers at 59½: Is Moving Your 401(k) a Smarter Move?

Turning 59½ can unlock a powerful (and often misunderstood) retirement planning option: the in-service rollover. Many workplace plans allow you to move part of your 401(k) into an IRA while you're still working, under rules set by the Internal Revenue Service. But is it actually better than staying in your employer plan? In this video, Peter with Richon Planning and Erin Kennedy break down: 👉 What an in-service rollover really is 👉 When it makes sense — and when it doesn't 👉 What to compare before making a move (hint: fees, investments, advice, and protections) If you're approaching (or already past) 59½, the in-service rollover can be a powerful strategy to help you prepare for retirement. To talk through the pros and cons with Peter, please call (919) 300-5886 or visit www.RichonPlanning.com