In this episode of The Asset Preservation Hour, financial advisor Stewart Willis and Spike Spengel break down the financial power moves that matter most as you head into your 60s. The first one takes real effort: paying taxes sooner rather than later. Stewart explains why we are living through one of the lowest tax environments in modern American history, why taxes are essentially on sale, and why leaving money sitting in tax deferred IRAs and 401ks may simply be building a bigger tax time bomb for later.
You will also hear why tax laws are written in pencil and not in pen, how taxable income quietly drags Social Security benefits and IRMAA surcharges into the picture, and why the ripple effects of a Roth conversion reach far beyond a single tax bill. Stewart makes the case for scheduling conversions over several years and letting compounding do the rest, calling it the closest thing to a guaranteed advantage a retiree has.
From there the conversation turns to the market. Should someone six months from retirement be fully exposed to today's gains, or are they out over their skis? Stewart talks about fear, greed, and the very human mistakes that happen when the news cycle collides with a down market, plus why cooler heads and a long term strategy almost always win. He closes with a story about flying out on a weekend to meet a client's adult children, the 401k that was quietly misinvested for years, and the reminder that your second job in retirement is being a good steward of the money you already saved.
If you are 59 and a half or older and have not looked closely at your IRA, 401k, thrift savings plan, or 403b in years, this episode is your nudge to take action.
📞 Call 877-5-RETIRE or visit AssetPreservationWealth.com to schedule your complimentary tax review and portfolio review.
What is The Asset Preservation Hour?
Join Stewart Willis, President of Asset Preservation Tax & Retirement Services, and co-host Spike Spengel as they explore strategies for protecting, growing, and maximizing your wealth. Designed for those in or near retirement, this podcast delivers expert insights on tax planning, investment advice, estate planning, and building a secure financial future—all tailored to help you make the most of your life’s work.