Let's do another Retirement Planner Hot Topics episode or this week I'm joined by Brad Flood from Tenin Financial,

where we'll be talking about portfolio withdrawal strategies, financial planning software,

balancing optimization versus simplicity, and more in this the 204th episode of the

Retirement Planning Education Podcast.

Welcome to the Retirement Planning Education podcast, where you can learn all about IRAs and Roth IRAs, employer retirement plans, taxes, Social Security, Medicare, portfolio withdrawal strategies, annuities, estate planning, and much more.

And now here's your host, Andy Panca.

Hello, all you fine folks. Welcome back.

Thank you very much for listening. So today is a special one. It is the second Thursday of the

month when this episode comes out, which means it is an episode where I have on another fellow

financial planner, retirement planner, advisor friend. But today is different because I'm joined by Brad

Flood. Brad and I work together at Tenin Financial, my company, which I rarely bring up much

directly or talk about, but thought it'd be good to have him on since he and I are living,

breathing retirement planners. We just happen to both do so at the same company.

So, yeah, so Brad joins me.

He's today's episode, he's been at with Ten Financial,

a little over a year now and doing great things

and really happy with how things are working out.

And so I thought it'd be great to have him on and go through this Hot Topics chat. So he and I came up with a handful of things. I'll just run through them quickly here. One is different portfolio withdrawal strategies and how to address sequence of return risk. This has kind of been on a lot of people's minds with the state of the world and wars and other stuff going on. I mean, there's always reasons to worry about, but this year seems like there was a, you know, a handful of big things that popped up. Using financial planning software to do long-term projections and its limitations and restrictions and kind of where we step away from the software and decide, okay, we software did as much as it can do. The rest of it is just, uh, uh, it kind of

hit, hit its limitations. Thoughts on Irma, Medicare Irma, how much of a big deal is it? Should you try to avoid it at all costs? Is it okay to pay some Irma? How much Irma? We'll go through that. Thoughts on, uh, as advisors dealing with clients who have legacy positions, legacy investments that they either want or need to hold for whatever the reasons may be and how to incorporate those into the portfolio

and work around them, work with them as best as possible. The concept of balancing optimization

and simplicity, both whether you're a consumer or as an advisor, it's good to get your plan as good as possible, but at some

point, it's like you're just diminishing returns. There's only so much optimization you can do

...