Roth IRA – The Retirement Engineer

The Balancing Act of College Savings Versus Retirement Savings with Darren Brennan (Ep. 30)

By TheRetirementEngineer | October 9, 2024

What if you could save for both your child’s education and your retirement — without feeling torn?

Join us for this episode of The Retirement Engineer as Jim Kruzan, CFP®, CRPC®, Senior Wealth Advisor and Founder of Kaydan Wealth Management, along with Darren Brennan, Wealth Manager and CFP®, break down the strategies you need to successfully balance these competing financial priorities.

Learn how you can prioritize retirement while still setting aside funds for your child’s education without jeopardizing your financial future.

Key Highlights:

The Cost of College vs. Retirement: With college costs rising 9% annually — far outpacing inflation — strategic planning is more essential than ever
Prioritize Retirement First: Discover why planning your retirement is vital before focusing on college savings, and how tools like Roth IRAs can serve both goals
Smart Savings Tactics: Explore the 50-30-20 rule and the benefits of 529 plans, which allow family members to contribute
Family Conversations: Learn how to discuss financial expectations with your kids, ensuring they contribute and understand the value of education
Scholarships and Financial Aid: Find out how scholarships, FAFSA, and financial aid can ease the burden, along with budget-friendly alternatives like community colleges and work-study programs
And much more!

Resources:

Connect with Jim Kruzan:

Connect with Darren Brennan:

About our Guest:

Darren Brennan, CFP®, CRPC® is responsible for delivering the full spectrum of wealth management to our clients. Darren is a key member of Kaydan Wealth Management’s Investment Policy Committee and also supports the Senior Wealth Advisor with the creation and maintenance of client’s financial plans.

“My goal is to help our clients build and preserve their wealth. I want them to feel confident in the work we do for them so they can enjoy their retirement.”

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Navigating the Waters of Required Minimum Distributions (RMDs) with Dylan Stewart (Ep. 24)

By TheRetirementEngineer | May 8, 2024

Need clarity around required minimum distributions (RMDs) and their impact on your retirement cash flow?

This week, Jim Kruzan, CFP®, CRPC®, is joined by Dylan Stewart, CFP®, CPA, Wealth Advisor at Kaydan Wealth Management, to unpack the intricacies of RMDs and their critical role in retirement planning.

Learn about the mechanics, tax planning aspects, long-term financial strategies, and implications of RMDs and how they can influence your financial landscape.

Whether you’re approaching retirement or are already navigating your golden years, this conversation is packed with knowledge to steer you clear of making common mistakes!

Jim and Dylan discuss:

What are RMDs, and who do they impact
Common problems or mistakes people make with RMDs
Strategies for managing RMDs to alleviate potential tax burdens
The impact of RMDs on Social Security and Medicare premiums
The mechanics of calculating RMDs and how it can change over time
Innovative ways to utilize RMDs for charitable giving, education funding, or as a strategic legacy plan
And more!

Resources:

Connect with Jim Kruzan:

Connect with Dylan Stewart:

About our Guest:

Dylan Stewart, CFP®, CPA, serves as a Wealth Advisor at Kaydan Wealth Management, offering comprehensive wealth management and guiding clients through the Evolutionary Wealth Process. As a member of the Investment Policy Committee and collaborator with Senior Wealth Advisors, he plays a pivotal role in shaping and maintaining client financial strategies.

“I love helping clients feel safe and secure by helping them achieve their financial goals and dreams.”

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