1 rich Libsyn https://www.libsyn.com 90 600 For most of your working life, income is simple. A paycheck arrives on schedule and life gets built around it. Retirement ends that arrangement, and rebuilding a reliable monthly income from Social Security, pensions, and savings becomes the real work. Matt Landon, CFP®, CEO of Semmax Financial Group, sits down with Kyle Leonard, CFP®, to talk through how a retirement paycheck is built, why a change in withdrawal order affects your tax bill, how a large withdrawal can raise Medicare premiums two years later, and what changes when a spouse passes away. &amp;nbsp; Key Takeaways: • Retirement replaces the saving mindset with a spending plan built from many income sources. • Not all accounts are taxed the same, so where you withdraw from matters. • Large withdrawals and Roth conversions can raise your Medicare premiums two years later. • Each Roth conversion carries its own five-year seasoning rule. • The 4 percent rule is a starting guess, not an income plan. &amp;nbsp; Chapters: 0:00 Introduction 0:30 From Saving to Spending 1:47 The Pieces of a Retirement Paycheck 2:50 Withdrawal Order and Taxes 5:04 Medicare Premiums and the Two-Year Lag 8:00 Roth Conversions and the Five-Year Rule 10:42 Charitable Giving and Estate Decisions 12:23 How Much Can You Spend? The 4 Percent Rule 15:06 Why Start Planning Years Early 17:46 The Coordination Gap 19:32 Tax Preparation vs Tax Planning 21:24 What a CFP Does Differently 24:22 Income After Losing a Spouse 26:49 RMDs Explained 28:51 Preparing for Your First Meeting &amp;nbsp; 📞 Call us today: 336-856-0080 🌐 Visit our website: https://semmax.com &amp;nbsp; Disclosure These materials are for informational purposes only. It is not intended to provide, and should not be relied on for, any tax, legal, or investment advice. Please consult a qualified professional before making decisions about your financial situation. Advisory services offered through Semmax Financial Advisors, Inc. a Registered Investment Advisory firm. Insurance products and services offered through Semmax, Inc. Tax services offered through Semmax Tax, Inc. Past performance is not a guarantee of future results. All investments include some risk, including loss of principal. &amp;nbsp; The Semmax Way https://semmax.libsyn.com <iframe title="Libsyn Player" style="border: none" src="//html5-player.libsyn.com/embed/episode/id/42102965/height/90/theme/custom/thumbnail/yes/direction/forward/render-playlist/no/custom-color/88AA3C/" height="90" width="600" scrolling="no" allowfullscreen webkitallowfullscreen mozallowfullscreen oallowfullscreen msallowfullscreen></iframe> https://assets.libsyn.com/secure/content/204151500