ProPath Financial
We specialize in comprehensive financial planning and asset management for the 50+ pre-retiree that
21/10/2024
Making a ton of money and retiring early don't always mix. In fact, you don't stumble to early retirement.
In today's fast-paced world, many young professionals dream of retiring early, but achieving that goal requires careful planning and strategic decision-making. Let’s take a closer look at the financial journey of Joe and Jane Young Wealth (client names changed and protected), a couple in their mid-30s, who are aiming for early retirement while managing their growing family and lifestyle.
Read the blog and watch the video here!
High Income Retire "Real Early" I Can They Do It In today's fast-paced world, many young professionals dream of retiring early, but achieving that goal requires careful planning and strategic decision-making. Let’s take a closer look at the financial journey of Joe and Jane Young Wealth, a couple in their mid-30s, who are aiming for early retire...
08/10/2024
Want to see what an easy retirement looks like? Check out the new video and blog here👇🏼
See What An Easy Retirement Looks Like First Hand | 5 Retirement Strategies By implementing these five strategies—aggressive savings, flexible withdrawal rates, an aggressive investment allocation, low spending, and a smart social security strategy—our clients are well on their way to a stress-free retirement. They have transformed their initial worries into a plan that...
“Using fitness to find clients won’t work.”
No one has ever done it.
Let’s just say you don’t care about fitness. Or maybe you care about it, but not enough to make a change.
Fine, no problem.
I can still retirement plan for that. We can still dive deep into your taxes, your income, distribution, your investments, your charitable giving, your goals, your vision, and your protection.
No problem. Been doing that.
However, after 15 years, I have seen the people that are fit and active have a different version of retirement.
A version that requires an even more deliberate retirement planning process.
If you’re fit, you’re most likely going to live longer. This exposes you to one of the biggest risks in retirement, longevity risk.
If you’re active, that means you might wanna do more. Travel more, explore more, live more. This means your annual income need may be higher. This requires a more robust income distribution strategy because your expenses may be higher for longer.
So, if you’re spending more, and having more fun, are you paying more in taxes because of higher distributions from your investments?
What about your Social Security strategy? If you live longer, don’t you think it’s better to wait?
The list of different planning opportunities because you’re active, healthy, and fit goes on and on and on.
Most advisors aren’t gonna talk about fitness because they’re not fit themselves.
My videos aren’t to inspire you or motivate you to get fit. They are to let you know I’m on the journey with you.
I have a family, a business, and I’m getting older just like you.
So think of me more as an advocate on your journey. Someone to talk to. Someone gonna go through it all together. Someone that understands your mentality.
It’s time to live your wealth. ProPath Financial
Check out https://www.propathfinancial.com/ and contact me today so we can get you on the right path for retirement.
07/03/2024
🎙️ Dive into the age-old debate on Social Security! Wondering whether claiming at 62 is savvy or a tad risky? Join me, Thatcher Taylor, on the Functional Retirement Podcast for a deep dive into this hot topic. Don't miss out on these key takeaways: maximizing benefits, the psychology behind early claims, and savvy financial planning. Ready to secure your retirement? Tune in now!
Here are three key takeaways from the episode that you won't want to miss:
1️⃣ Maximizing Your Social Security Benefit: Waiting to claim your Social Security benefits can lead to a larger guaranteed income with cost-of-living adjustments. By waiting until age 70, you could receive up to 124% of your full retirement benefit, significantly more than if you claim at age 62. The longer you wait, the more you stand to gain in the long run. 📈
2️⃣ Psychology of Claiming Early: Many individuals feel a sense of ownership over their Social Security benefits and are eager to claim what they believe is rightfully theirs. However, this sense of ownership can sometimes lead to claiming benefits early, potentially missing out on larger payouts in the future. It's essential to weigh the benefits of waiting against the desire for immediate income. 💭
3️⃣ Long-Term Financial Planning: The episode highlighted the importance of long-term financial planning and the impact of investment decisions on Social Security funds. By diversifying investments and considering the long-term growth potential, individuals can secure a more stable financial future, even in retirement. 💼
If you're intrigued by these insights and want to learn more about optimizing your Social Security benefits and enhancing your retirement planning strategies, be sure to tune in to the full episode on our website or your favorite podcast platform. 🌟
And remember, if you're over 50 and looking for expert guidance on your retirement journey, my doors are always open to new clients. Reach out to me at ProPathFinancial.com to start planning for a secure and fulfilling retirement! 💼
Stay tuned for more valuable insights and practical tips on wealth, purpose, and fitness in retirement. Until next time, this is Thatcher Taylor signing off! 🌟
https://www.propathfinancial.com/post/social-security-early
The Impact of Filing Early for Social Security Welcome to the Functional Retirement Podcast, where we dive deep into the technical aspects of wealth, purpose, and fitness in retirement. I'm Thatcher Taylor, a certified financial planner and the owner of ProPath Financial. Today, we're exploring the question: Is taking Social Security early at ag...
Anyone Dillon folks on here hiked Tweedy or Torrey Mountains lately?
I will be hiking one or both this summer. Anyone in Dillon want to get involved?
31/12/2023
Retirement shouldn't be a mystery. But at 62, the question looms: tap into Social Security early or dive into your IRA? This episode is your ultimate decoder ring, cracking the code on this crucial decision.
Dive deep with us as we explore:
👉IRMAA surcharges: Don't let these tax penalties blindside you! Learn how to navigate them and keep your retirement nest egg secure.
👉Taxation tango: Understand the tax implications of both options and plan your withdrawals like a pro.
👉Bigger benefits: Tempting, right? We break down the trade-off of claiming Social Security early and the potential long-term impact.
👉COLAs: Cost-of-living adjustments can be your retirement hero. Discover how they work and maximize their benefits.
👉Health matters: Don't forget your well-being! We discuss potential health insurance considerations when making this key decision.
And much more! From bridges to Roth conversions, we leave no retirement stone unturned.
Whether you're an early bird or a nest egg nestler, this episode is your roadmap to a confident and financially secure retirement. So, grab your headphones, pop the kettle on, and join us for this essential retirement planning masterclass!
Don't wait, tune in now and unlock the door to income in your golden years!
Click the link to listen or watch! You can also find the podcast on Spotify, Apple, Google, or Amazon podcasts.
SHOULD YOU TAKE SOCIAL SECURITY EARLY OR USE YOUR IRA FOR INCOME IN YOUR 60s? | Ep: 024 In a recent episode of the Functional Retirement Podcast, host Thatcher Taylor delved into the important decision that retirees face between taking Social Security benefits or utilizing their IRAs for income. This decision window typically spans from age 62 to 70, and it can have a significant impac...
15/12/2023
👉Ditch the rocking chair and embrace the possibilities! Are you nearing retirement and feeling a mix of excitement and uncertainty? You're not alone. Transitioning to retirement can be a rollercoaster of emotions, practical challenges, and financial adjustments. But it can also be the door to a fulfilling and vibrant new chapter.
This podcast is your guide to navigating the journey from "worker" to "retiree" with confidence and clarity. We'll explore key strategies for:
✅Easing out of your career: Learn about phased retirement, negotiation tips, and leaving a lasting legacy.
✅Redefining your identity: Discover how to find purpose beyond work, embrace new passions, and stay connected.
✅Managing your finances: Unpack income sources, budgeting strategies, tax optimization, and healthcare considerations.
Whether you're planning your exit strategy or just starting to envision your retirement life, this podcast is for you. Get ready to shed outdated stereotypes and embrace the exciting possibilities that await!
Check out the podcast page for audio, video, and a blog post about what to expect!
Transition To Retirement Transitioning to retirement is a significant life event that requires careful planning and consideration. In this blog post, we will explore the key components of transitioning to retirement, including career winding down strategies, identity shifts, and financial adjustments. By understanding and i...
06/10/2023
New Podcast is out! Essential Can't Ignore Year-End Planning For Retirees
Year-end planning for retirement is an essential aspect of financial management that individuals need to consider as they approach the end of the year. This podcast provides valuable insights into various topics related to year-end planning for retirement, including required minimum distributions, qualified charitable distributions, net unrealized appreciation, and Roth conversions.
Click the link in the comments to Listen, Watch, or Read about the podcast.
This episode is more catered to the older crowd.
What else would you like to hear about going into year end?
14/07/2023
💥New Episode Alert! 🎙️
Hey everyone! 👋 I'm thrilled to announce the release of our latest episode on the Functional Retirement Podcast! 🎉 In this episode, we dive deep into the fascinating topic of behaviors as a superpower with investing. 💪
Here are three key takeaways from this episode that you don't want to miss:
1️⃣ Behaviors are the main superpower: We discuss how our behaviors play a crucial role in determining our investment performance. By understanding the psychology and mentality behind investing, we can make better decisions and achieve our financial goals. Remember, it's all about goals, plan, asset!
2️⃣ System one vs. system two thinking: We explore the concepts of system one and system two thinking as described in the book "Thinking Fast and Slow" by Daniel Kahneman. System one represents our emotional, impulsive side, while system two is our rational, analytical side. By harnessing the power of system two thinking, we can prevent our emotions from taking over and make more informed investment choices.
3️⃣ The Behavior Gap: We also discuss the book "Richard's The Behavior Gap," which delves into the impact of behaviors on our financial decisions. The author uses an awesome image to depict the behavior gap, and we'll provide a link to it in the show notes. This book offers valuable insights into understanding and overcoming the behaviors that can hinder our financial success.
If you're looking to enhance your investing superpower and make smarter financial choices, this episode is a must-listen! 💡
To listen to the full episode, head over to Spotify, Apple, Google, or, YouTube to listen or watch. And if you're interested in a personalized discussion about your financial goals and how I can assist you, schedule a free intro call using the links in all the show notes. I'd love to chat with you! 📞
Thank you for being a part of the Functional Retirement Podcast community. Stay tuned for more exciting episodes coming your way! 🎧
FunctionalRetirementPodcast
13/07/2023
Hundreds of investors get my newsletter delivered weekly. 3x a month is Thatcher's Weekly Wisdom and 1x per month, The Functional Retirement Newsletter.
Each filled with data, knowledge, motivation, and steps to promote quality investing and retirement planning.
Thatcher's Weekly Wisdom comes out tomorrow and *Spoiler Alert*, the experts were wrong, again.
Sign up now!
12/07/2023
How is ProPath different than all the big names? This video will answer that in 3 minutes.
Who Is ProPath Financial? Are you over age 50 and need retirement help?🤝 Schedule a free consultation http://www.propathfinancial.com/schedule-an-appointment 🔔 Subscribe for notific...
07/07/2023
In Q2, the stock market continued its upward trend, driven by cooling inflation, a potential shift in monetary policy, and growing excitement around artificial intelligence (AI).
Quarterly Market Insights | Q2 2023 Stocks extended their rally in the second quarter, boosted by cooling inflation, the prospect of a shift in monetary policy, and enthusiasm over artificial intelligence.
08/06/2023
With the Federal debt ceiling fight resolved and the potential of further artificial intelligence innovations on the horizon, stocks had a mixed month in May. For more, check out the Monthly Market Insights for June 2023 for a comprehensive overview of stock prices and market trends.
Monthly Market Insights | June 2023 Stock prices were mixed as enthusiasm over the economic potential of artificial intelligence was offset by concerns about the federal debt ceiling.
05/05/2023
Market Update! April saw a tech stock rally despite recession fears and mixed earnings reports. Dow Industrials led with a 2.5% gain, while S&P 500 gained nearly 1.5%, and Nasdaq was flat. In May, the focus is on the Fed's next move, economic data, and bank lending activity. Stay up-to-date with our monthly market report.
Monthly Market Insights | May 2023 The Dow Jones Industrial Average led, picking up 2.48 percent. The Standard & Poor’s 500 Index rose 1.46 percent, while the Nasdaq Composite was flat (+0.04 percent).1
07/04/2023
Investors were forced to navigate a tricky first quarter of 2023, having to contend with corporate earnings, shifting monetary signals, and troubles in the banking sector.
Quarterly Market Insights | Q1 2023 Stocks posted solid gains in the first quarter as investors navigated corporate earnings, shifting monetary signals, and troubles in the banking sector.
You are a millionaire! Great! I am happy for you, but now, how do you stay a millionaire?
Being a millionaire seems like the top of the mountain for most. To help you stay there, here are 6 simple steps that you can use to make sure your plan stays on track.
Even if you aren't a millionaire, these steps can help you continue to build and sustain the wealth you have.
If you need help with this entire process, that is where I come in.
Link in bio to learn more.
07/03/2023
Investors maintained an anxious eye on the Fed over worries it would maintain its tight monetary posture due to ongoing inflation.
Monthly Market Insights | March 2023 Stock prices stumbled in February owing to growing worries that the Fed would maintain its tight monetary posture in the face of continuing inflation.
07/02/2023
Investors showed a buying mood in January with stocks rallying due to moderating inflation, a better-than-feared earnings season, and healthy economic data.
Monthly Market Insights | February 2023 Stocks rallied in January as moderating inflation, a better-than-feared earnings season, and healthy economic data put investors in a buying mood.
“Your Goals. My Mission”
Society has become inundated with broad investment strategies that are marketed to all families regardless of their specific circumstances. In addition, each website, publication, or news outlet has a subject matter expert delivering the next hot idea that will be your golden ticket to retirement.
Creating this firm was my best opportunity to help create individualized strategies without ulterior motives. Large companies can drive their advisors to utilize certain products that aren’t necessarily in the clients best interest. In other words, they don’t act as a fiduciary. I am legally bound to put the clients interests first and find strategies and products to meet those goals without any additional costs.
My passion is developing financial plans and I love watching those plans grow and develop over time. I firmly believe that the only successful way to prepare for retirement is to utilize a strategy. This strategy is a blueprint for us to build out your future and will be evaluated regularly so that we can make the proper decisions. The strategy is what makes the noise a little quieter. It is what makes those websites, publications, and news outlets seem....irrelevant.
What does this all mean? It means that you can focus on things that are important to you. Things that you enjoy. Things that you want to do and will want to do in the future.
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