Retirement With/On Purpose

Trevor Lawson addresses the complex financial and emotional challenges of passing down real estate, particularly cherished vacation homes, to the next generation. With approximately $25 trillion in real estate expected to transfer to heirs by 2048, Trevor outlines five essential strategies to minimize capital gains taxes and avoid family conflict. Key insights include the benefits of a step-up in basis over lifetime gifting, the use of Limited Liability Companies (LLCs) and trusts to shield heirs from personal liability, and the importance of drafting clear operating agreements to define usage rights and buyout provisions. The discussion also highlights the necessity of endowing trusts with liquid assets to cover ongoing upkeep and insurance, ensuring that a family legacy remains a source of connection rather than resentment.References: https://www.cnbc.com/2025/08/23/real-estate-wealth-transfer-family.htmlSecurities and investment advisory services offered through Osaic Wealth, Inc. member FINRA/SIPC. Osaic Wealth is separately owned and other entities and/or marketing names, products or services referenced here are independent of Osaic Wealth. Branch phone: 919-546-0400.

How do retirees optimize tax-deferred growth and portfolio longevity? Host Trevor Lawson evaluates three distinct approaches for 2026: delaying withdrawals until year-end to maximize tax-deferred compounding , taking distributions early in the year to eliminate penalty risks and facilitate Roth IRA conversions , or utilizing a systematic monthly or quarterly "installment" method to mitigate market volatility. By analyzing hypothetical scenarios and the "surgical" rebalancing of appreciated assets, Lawson provides a comprehensive guide for retirees and DIY investors to move beyond the year-end rush and align their IRA withdrawal strategies with their long-term financial goals.Reference:https://www.morningstar.com/retirement/retirees-should-you-take-rmds-early-year-or-waitSecurities and investment advisory services offered through Osaic Wealth, Inc. member FINRA/SIPC. Osaic Wealth is separately owned and other entities and/or marketing names, products or services referenced here are independent of Osaic Wealth. Branch phone: 919-546-0400.

Trevor Lawson tackles a timely and often expensive issue for retirees and business owners: the surge in underpayment penalties for estimated taxes. With penalty rates nearly doubling since 2021, Lawson explains how taxpayers with non-withholding income—such as investment gains, self-employment earnings, or Roth IRA conversions—can inadvertently trigger interest-based charges by failing to pay taxes quarterly. The discussion outlines essential "safe harbor" strategies to avoid these costs, including paying 90% of the current year’s tax or 100-110% of the prior year’s tax in equal installments. Lawson shares a pro tip for retirees: using late-year IRA withdrawals with high tax withholding to satisfy annual liabilities, as the IRS treats these withheld amounts as if they were paid evenly throughout the year.Securities and investment advisory services offered through Osaic Wealth, Inc. member FINRA/SIPC. Osaic Wealth is separately owned and other entities and/or marketing names, products or services referenced here are independent of Osaic Wealth. Branch phone: 919-546-0400.

Trevor Lawson explores flexible alternatives to the traditional 529 plan for families wary of tying up funds exclusively for higher education. While acknowledging the 529's tax advantages and new provisions for Roth IRA rollovers, Trevor evaluates the pros and cons of taxable brokerage accounts, Roth IRAs, custodial accounts (UGMA/UTMA), and cash-value life insurance. The discussion emphasizes the importance of balancing education funding with personal retirement security, noting that while students can borrow for college, retirees cannot borrow for their later years. Ultimately, the episode provides a framework for selecting a savings vehicle that aligns with a family's specific needs for financial aid eligibility, tax efficiency, and long-term flexibility.References:Four Alternatives to '529' Plans for CollegeSecurities and investment advisory services offered through Osaic Wealth, Inc. member FINRA/SIPC. Osaic Wealth is separately owned and other entities and/or marketing names, products or services referenced here are independent of Osaic Wealth. Branch phone: 919-546-0400.

Trevor Lawson revisits one of the most critical technical threats to a stable retirement: sequence of returns risk. By examining the work of retirement specialist Dr. Wade Pfau, the episode breaks down how the timing of market downturns—specifically in the years immediately surrounding one's retirement date—can have a more profound impact on portfolio longevity than average long-term returns. Lawson outlines four specific techniques to combat this risk: spending conservatively through tools like bond ladders, adopting flexible spending habits, reducing overall portfolio volatility via "bucket" strategies, and utilizing "buffer assets" like cash, home equity, or life insurance to avoid selling investments at a loss during market lows.References: 4 Ways To Beat Sequence of Returns RiskSecurities and investment advisory services offered through Osaic Wealth, Inc. member FINRA/SIPC. Osaic Wealth is separately owned and other entities and/or marketing names, products or services referenced here are independent of Osaic Wealth. Branch phone: 919-546-0400.

Trevor Lawson explores the "mattering span," a critical but often overlooked dimension of retirement planning that focuses on the deep human need to feel seen, valued, and essential. Drawing on insights from author Jennifer Wallace, Lawson defines the "mattering crisis" as the destabilizing loss of purpose and social connection that occurs when the structure of a career is removed. The episode highlights that lifestyle planning—rather than just financial preparation—is the strongest predictor of retirement satisfaction. To combat this, Lawson suggests practical strategies such as the "power of invitation" and utilizing the three T’s (time, talent, or treasure) to meet genuine needs and regain a sense of being depended on by others.References:The New Retirement Crisis: MatteringSecurities and investment advisory services offered through Osaic Wealth, Inc. member FINRA/SIPC. Osaic Wealth is separately owned and other entities and/or marketing names, products or services referenced here are independent of Osaic Wealth. Branch phone: 919-546-0400.

Trevor Lawson explores the significant communication gap between parents and their heirs regarding estate planning and inherited wealth. While nearly all families recognize the importance of these discussions, a Fidelity study reveals that nearly half have yet to engage in them, often due to the discomfort of discussing mortality. Trevor emphasizes that proactive communication is essential to ensure that beneficiaries are prepared to be good stewards of their inheritance and that the giver's intentions are fully honored. To bridge this gap, he suggests utilizing financial advisors to facilitate family meetings, turning a potentially awkward conversation into a seamless transition of legacy and assets.References:Fidelity Study: https://newsroom.fidelity.com/pressreleases/fidelity--study-finds-the-great-wealth-transfer-leaves-families-poised-to-build-stronger-financial-f/s/3c72b6d3-9ab6-400a-95e7-f4b30e43db64The 0.01% rule: https://www.wsj.com/personal-finance/small-spending-money-rule-wealth-ladder-c41a96f2?gaa_at=eafs&gaa_n=AWEtsqfzVGfGvSiT8FicIoxhtE6K1NHUGkb5UBOqOYW58AWQ5X4p5rRAsqaIUO5aeTM%3D&gaa_ts=694060ba&gaa_sig=jnkRdtDHt8fM_SbBQCZg2RgCVD4hvjEL4h0B5_HqCpRGY-SR08zJwhcUNRoYmDvzdJjqaGuORtdivN7R6oIBpQ%3D%3DSecurities and investment advisory services offered through Osaic Wealth, Inc. member FINRA/SIPC. Osaic Wealth is separately owned and other entities and/or marketing names, products or services referenced here are independent of Osaic Wealth. Branch phone: 919-546-0400.

Trevor Lawson explores the unique financial and logistical strategies necessary for a successful retirement without children. With child-free adults representing over 20% of those in their 50s and 60s, Lawson emphasizes the importance of building a "support team" of legal proxies or geriatric care managers to handle medical and financial decisions when you cannot. The discussion details critical steps for those lacking a traditional family safety net, including prioritizing long-term care insurance, earmarking funds for home modifications to age in place, and investing in social engagement to prevent isolation.References:Birds and Bees for Retirees: Families Need to Discuss Estate Planning:https://www.fa-mag.com/news/having-the-talk--families-need-to-discuss-estate-planning--fidelity-says-84998.htmlSecurities and investment advisory services offered through Osaic Wealth, Inc. member FINRA/SIPC. Osaic Wealth is separately owned and other entities and/or marketing names, products or services referenced here are independent of Osaic Wealth. Branch phone: 919-546-0400.

Trevor Lawson discusses the unique financial and logistical considerations for adults navigating retirement without children. Because child-free individuals lack a traditional family safety net, Lawson emphasizes the necessity of proactively building a support team of legal proxies or professional geriatric care managers to handle medical and financial decisions. The conversation covers critical strategies such as securing long-term care insurance, earmarking funds for home modifications, and budgeting for social engagement to prevent isolation. References: How to Plan for Retirement When You Don't Have Kids: https://www.aarp.org/money/retirement/retirement-planning-no-kids/Securities and investment advisory services offered through Osaic Wealth, Inc. member FINRA/SIPC. Osaic Wealth is separately owned and other entities and/or marketing names, products or services referenced here are independent of Osaic Wealth. Branch phone: 919-546-0400.

Want to build a million-dollar balance in your 401(k)? It all starts with the power of compound interest—why starting early and getting the full employer match is crucial. Learn to put contribution increases on autopilot, save aggressively (the millionaires' average is over 17% of pay) , and why maintaining a separate emergency fund prevents costly 401(k) loans and penalties. We also cover how to take advantage of new, higher "catch-up" contribution limits for those over age 50 , and why staying the course and ignoring short-term market swings is the key to long-term success.References: https://www.aarp.org/money/retirement/401k-millionaire-saving-tips/Securities and investment advisory services offered through Osaic Wealth, Inc. member FINRA/SIPC. Osaic Wealth is separately owned and other entities and/or marketing names, products or services referenced here are independent of Osaic Wealth. Branch phone: 919-546-0400.

You've budgeted for travel and groceries, but are you prepared for the sneaky, rising costs that can derail a well-laid retirement plan? Learn why healthcare and wellness could be the "big tamale" of your retirement spending, with costs rising faster than general inflation. We also explore the hidden costs of home maintenance and modifications , rising insurance premiums , the expense of multi-generational travel , and why your taxes might not drop as much as you expect. Tune in to put these potentially significant budget items on your radar, ensuring you're fully aware and prepared for a thriving retirement.References: https://www.aarp.org/money/personal-finance/most-common-underestimated-expenses/Securities and investment advisory services offered through Osaic Wealth, Inc. member FINRA/SIPC. Osaic Wealth is separately owned and other entities and/or marketing names, products or services referenced here are independent of Osaic Wealth. Branch phone: 919-546-0400.

You've spent years building your 401(k), but what happens to that money when you're no longer here? Most people don't realize that their beneficiary designation on their 401(k) or Roth 401(k) overrides their will, making it critical to keep it updated! In this episode, we explore how your retirement savings pass to your designated heirs outside of probate, and why it's essential to name both primary and contingent beneficiaries to prevent your assets from getting tied up in a lengthy, public legal process. Learn why an up-to-date beneficiary list is one of the most important steps you can take to protect your legacy and ease the burden on your loved ones.Reference: https://www.fidelity.com/learning-center/smart-money/what-happens-to-401k-when-you-dieSecurities and investment advisory services offered through Osaic Wealth, Inc. member FINRA/SIPC. Osaic Wealth is separately owned and other entities and/or marketing names, products or services referenced here are independent of Osaic Wealth. Branch phone: 919-546-0400.

"What do I do with my 401(k)?" You've worked hard and saved diligently into your 401(k), but now that retirement is here, what comes next for that nest egg? Don't make a costly mistake by defaulting to a choice that could trigger a huge tax bill! In this episode, we break down the three most common options for your 401(k) when you leave an employer—from leaving it in place to a tax-free rollover—and reveal the two "magic ages" that determine when you can access your money penalty-free and when the government requires you to start taking distributions. Find out which option gives you the most control and the widest range of investment choices for a thriving retirement.Securities and investment advisory services offered through Osaic Wealth, Inc. member FINRA/SIPC. Osaic Wealth is separately owned and other entities and/or marketing names, products or services referenced here are independent of Osaic Wealth. Branch phone: 919-546-0400.

Many people start collecting Social Security benefits before their full retirement age, often out of fear the program will change, but this can lead to penalties if they later return to work and exceed a certain income limit. This episode, Trevor outlines two ways to exercise a "do-over" on your Social Security claim. The first is Withdrawal of Benefits, which allows you to cancel your application within 12 months of approval and repay any benefits received, making it as if you never filed, allowing your benefit to continue growing. The second is Suspending Your Benefit, available if you've reached full retirement age but are not yet 70; this allows you to pause payments and earn delayed retirement credits, increasing your benefit by 8% annually (or 0.666% per month) until age 70. This is particularly useful for those who no longer need the income and want to maximize their benefit growth.References: https://www.moaa.org/content/publications-and-media/news-articles/2025-news-articles/finance/social-security-do-over-2-ways-you-can-change-your-benefit-claim/#:~:text=Then%20there%20are%20those%20who,until%20you%20reach%20age%2070.Securities and investment advisory services offered through Osaic Wealth, Inc. member FINRA/SIPC. Osaic Wealth is separately owned and other entities and/or marketing names, products or services referenced here are independent of Osaic Wealth. Branch phone: 919-546-0400.

Continuing the series on frequently asked retirement questions, Trevor Lawson explores the common query, "Where should I retire?" He reveals the top five U.S. destinations—Florida (ranked number one for low taxes and funding for seniors), Minnesota (for its healthcare and low crime rate), Colorado (for its active lifestyle and tax-friendly conditions), Wyoming (for low crime, sunshine, and low tax burden), and South Dakota (for its low cost of living and no state income tax). Trevor also gives a nod to North Carolina, specifically the Triangle area, for its excellent healthcare, and, as a bonus, names Panama, Portugal, and Malaysia as popular international choices.Reference:https://www.kiplinger.com/retirement/happy-retirement/best-places-to-retire-in-the-usSecurities and investment advisory services offered through Osaic Wealth, Inc. member FINRA/SIPC. Osaic Wealth is separately owned and other entities and/or marketing names, products or services referenced here are independent of Osaic Wealth. Branch phone: 919-546-0400.

In this episode, Trevor Lawson tackles one of the most frequently searched retirement questions: "How much do I need to retire?" Inspired by a framework provided by ChatGPT, he outlines a seven-step process to calculate your retirement savings goal. The steps include estimating your annual spending in retirement, estimating the length of your retirement, factoring in inflation, considering guaranteed income sources (like Social Security and pensions), calculating the gap between spending needs and guaranteed income, and finally, using the 4% safe withdrawal rule to calculate the total savings needed. Trevor notes that a common rule of thumb is to have 25 times your annual expenses saved. While he finds the AI-generated framework a helpful starting point, he also stresses that a financial planner can provide a deeper layer of security by running more complex scenarios, such as stress-testing the plan for longevity, tax rate increases, or long-term care needs, to help pre-retirees achieve a "rock solid plan" with maximum confidence.Securities and investment advisory services offered through Osaic Wealth, Inc. member FINRA/SIPC. Osaic Wealth is separately owned and other entities and/or marketing names, products or services referenced here are independent of Osaic Wealth. Branch phone: 919-546-0400.

In the second part of the series on annuities, Trevor Lawson uses a framework from a Morningstar article by Christine Benz to help listeners determine if an annuity is a suitable tool for their retirement plan. Trevor discusses key questions to consider, such as whether you need guaranteed lifetime income to hedge against longevity risk, especially since pensions are becoming less common. He also examines the appeal of annuities for their ability to provide protection against market losses, but notes that this often comes with a cap on potential growth. The episode also explores the tax benefits of annuities, which offer tax deferral similar to a 401k or IRA, but highlights the distinction that withdrawals are typically taxed as ordinary income rather than capital gains. Lastly, Trevor emphasizes that a key consideration is the lack of liquidity, as annuities often have surrender periods during which accessing funds incurs a penalty. He concludes by stating that annuities are great tools for income and protection, but not for those seeking maximum growth or frequent access to their money.Reference: https://www.morningstar.com/retirement/is-an-annuity-right-youSecurities and investment advisory services offered through Osaic Wealth, Inc. member FINRA/SIPC. Osaic Wealth is separately owned and other entities and/or marketing names, products or services referenced here are independent of Osaic Wealth. Branch phone: 919-546-0400.

In the first part of a series on annuities, host Trevor Lawson aims to demystify this often misunderstood financial instrument. Drawing on insights from a Morningstar article, he defines a basic annuity as a contract with an insurance company where a lump sum of money is given in exchange for a stream of income over a lifetime. Trevor explains that annuities are gaining favor as a replacement for pensions, which are becoming a thing of the past, because they provide a guaranteed income that can help cover basic living expenses, regardless of market fluctuations. He also differentiates between various types of annuities, including deferred annuities, variable annuities, fixed-indexed annuities, and registered index-linked annuities, and discusses their tax implications, noting that gains are tax-deferred but taxed as ordinary income upon withdrawal. He concludes by advising listeners to consult a fiduciary and check the financial strength ratings of the insurance company before investing.Reference: https://www.morningstar.com/retirement/what-you-need-know-about-annuitiesSecurities and investment advisory services offered through Osaic Wealth, Inc. member FINRA/SIPC. Osaic Wealth is separately owned and other entities and/or marketing names, products or services referenced here are independent of Osaic Wealth. Branch phone: 919-546-0400.

In this episode, Trevor Lawson reflects on the first half of the year by providing a mid-year outlook for the market and economy, based on a publication from the Capital Group. He notes that the global landscape is undergoing a fundamental restructuring, leading to increased volatility and a lack of clear direction for investors and companies. The Capital Group has revised its 2025 GDP growth projections downward for both the global economy and the US, due to uncertainty caused by trade wars and geopolitical events. Trevor discusses four potential scenarios for this shifting global landscape and highlights how different sectors might perform in each. He also points out that historically, markets have recovered from similar trade uncertainties, and that strategies like investing in dividend growers and maintaining a diversified portfolio can help cushion against volatility. Trevor concludes by emphasizing the importance of diversification in a changing world, particularly as international markets and corporate bonds show renewed strength.Reference:https://www.capitalgroup.com/advisor/insights/webinars/2025-midyear-outlook.htmlSecurities and investment advisory services offered through Osaic Wealth, Inc. member FINRA/SIPC. Osaic Wealth is separately owned and other entities and/or marketing names, products or services referenced here are independent of Osaic Wealth. Branch phone: 919-546-0400.

In this episode, Trevor Lawson concludes the mini-series on cognitive biases by examining how they influence the decision of when to claim Social Security benefits, often leading individuals to underestimate their life expectancy. Drawing on an article by Rick Kahler, Trevor discusses how the availability heuristic, shaped by immediate examples like untimely deaths or media coverage, can lead people to overestimate the likelihood of dying young. He also explores optimism bias and pessimism bias, which affect our perceived likelihood of positive or negative outcomes for ourselves. Additionally, Trevor highlights present bias or temporal discounting, where immediate financial gains from early benefits seem more attractive than larger, delayed benefits. He emphasizes that a reluctance to discuss death may also contribute to this underestimation. Trevor concludes by stressing the importance of being aware of these biases to make informed, long-term financial decisions, especially regarding Social Security.Reference:https://www.advisorperspectives.com/articles/2024/06/18/life-expectancy-dont-let-brain-shrink-retirement-benefitsFor more information and resources, visit Trevor-Lawson.com.Retirement With/On Purpose is hosted by Trevor Lawson and produced by Walk West.Securities and investment advisory services offered through Osaic Wealth, Inc. member FINRA/SIPC. Osaic Wealth is separately owned and other entities and/or marketing names, products or services referenced here are independent of Osaic Wealth. Branch phone: 919-546-0400.

In this episode, Trevor Lawson resumes the series on cognitive biases, focusing on hindsight bias. He defines it as a psychological phenomenon where individuals believe they accurately predicted an event after it occurred, often leading to overconfidence. Trevor shares a personal anecdote about Meta stock to illustrate how this bias can affect investment perceptions. He explains that hindsight bias stems from new information altering recollections, selective memory, overconfidence, and anchoring. To combat it, Trevor suggests brainstorming alternative outcomes, keeping a decision journal, reviewing journal entries over time, and focusing on intrinsic valuation rather than hunches or recent news. He emphasizes that professional investment analysts rely on data-driven factors to avoid such biases. Trevor concludes by reiterating that hindsight bias is a natural human response, but awareness and strategic practices can help investors avoid making biased decisions.Reference:https://www.investopedia.com/terms/h/hindsight-bias.aspSecurities and investment advisory services offered through Osaic Wealth, Inc. member FINRA/SIPC. Osaic Wealth is separately owned and other entities and/or marketing names, products or services referenced here are independent of Osaic Wealth. Branch phone: 919-546-0400.

In this timely episode, Trevor Lawson interrupts the cognitive biases series to dive into "The Big, Beautiful Bill," a sweeping piece of legislation under the Trump administration. Drawing from a CNBC article, Trevor breaks down the key provisions and their potential impact on personal finances. He discusses the permanency of the 2017 tax cuts, including the increased standard deduction and a significant rise in the estate and gift tax exemption to $15 million per person or $30 million for married couples. Other notable changes include an increased child tax credit , a higher state and local tax (SALT) deduction cap of $40,000 , and a temporary senior bonus deduction of up to $6,000. Trevor also highlights cuts to Medicaid and SNAP programs , the introduction of "Trump Accounts" for child savings , new caps on federal student loans , a temporary car loan interest deduction , and expanded uses for 529 plans , as well as the permanent extension of the Section 199A pass-through business deduction for small business owners.Reference:https://www.cnbc.com/guide/what-trumps-one-big-beautiful-bill-means-for-your-money/?__source=newsletter%7CmoneymattersSecurities and investment advisory services offered through Osaic Wealth, Inc. member FINRA/SIPC. Osaic Wealth is separately owned and other entities and/or marketing names, products or services referenced here are independent of Osaic Wealth. Branch phone: 919-546-0400.

In this episode, Trevor Lawson delves into recency bias, a cognitive bias where individuals overemphasize recent experiences, even if they aren't the most relevant. He provides relatable examples, such as the perception of current mortgage rates as astronomically high due to recent historical lows , and the tendency to invest heavily in sectors that have recently performed well, like the large-cap sector. Trevor stresses the financial pitfalls of chasing hot investment trends and offers strategies to combat recency bias: implementing a long-term investment strategy , diversifying portfolios , regularly rebalancing investments (especially in 401ks) , and reviewing historical market data. The goal is to empower investors to recognize and counteract these biases for better financial decisions.Reference: https://www.schwabassetmanagement.com/content/recency-biasSecurities and investment advisory services offered through Osaic Wealth, Inc. member FINRA/SIPC. Osaic Wealth is separately owned and other entities and/or marketing names, products or services referenced here are independent of Osaic Wealth. Branch phone: 919-546-0400.

In this episode, Trevor Lawson begins a multi-part series on cognitive biases, focusing on how they impact investment decisions. Drawing from an article by Signature Investment Advisors, Trevor introduces "high watermark thinking," where investors use their portfolio's highest value as a mental reference point, making market dips feel like losses even with overall positive long-term returns. He explains that this is driven by two powerful biases: loss aversion, the tendency to feel the pain of a loss twice as strongly as the pleasure of an equivalent gain, and anchoring bias, where expectations are fixated on a specific reference point. Trevor offers strategies to overcome these biases, including embracing a long-term perspective, recognizing cognitive biases, sticking to a well-defined investment plan, diversifying portfolios, and remembering that market volatility is a normal part of investing.Reference: https://www.seia.com/the-brew-navigating-market-volatility-beware-high-water-mark-thinking/Securities and investment advisory services offered through Osaic Wealth, Inc. member FINRA/SIPC. Osaic Wealth is separately owned and other entities and/or marketing names, products or services referenced here are independent of Osaic Wealth. Branch phone: 919-546-0400.

In this episode, host Trevor Lawson introduces "The Investor's Triangle," a framework for understanding different investment products. He explains that investments can offer two of three key benefits: liquidity, growth, and safety, but never all three simultaneously. Trevor illustrates this concept with examples like stocks, which provide growth and liquidity but forgo safety, and CDs, which offer growth and safety but lack liquidity. He emphasizes that this framework highlights the importance of diversification, not just to manage volatility, but also to ensure investors have access to all three benefits across their overall investment portfolio.Securities and investment advisory services offered through Osaic Wealth, Inc. member FINRA/SIPC. Osaic Wealth is separately owned and other entities and/or marketing names, products or services referenced here are independent of Osaic Wealth. Branch phone: 919-546-0400.

In this episode, host Trevor Lawson rounds out the series on long-term care planning by discussing Continuing Care Retirement Communities (CCRCs), also known as "life plan communities." Trevor explains what CCRCs are, why they are growing in popularity, and provides 10 key questions to consider when touring a facility, such as financial strength, services included in the monthly fee, emergency response systems, and resident satisfaction. He also details the three main types of CCRC contracts (Type A, B, and C) and their associated costs and benefits, including potential tax deductions. Finally, Trevor emphasizes the social benefits of CCRCs and advises listeners to consider joining a waiting list early due to increasing demand.References:How Continuing Care Retirement Communities WorkFor more information and resources, visit Trevor-Lawson.com.Retirement With/On Purpose is hosted by Trevor Lawson and produced by Walk West.Securities and investment advisory services offered through Osaic Wealth, Inc. member FINRA/SIPC. Osaic Wealth is separately owned and other entities and/or marketing names, products or services referenced here are independent of Osaic Wealth. Branch phone: 919-546-0400.

In the final installment of this three-part series on long-term care, host Trevor Lawson dives into the practical side of planning: how to pay for it. From understanding the limitations of Medicare and Medicaid to evaluating self-funding, long-term care insurance, and hybrid solutions, this episode offers a clear breakdown of your options. Learn how to protect your assets, maintain your independence, and make informed decisions that align with your retirement goals. If you're ready to secure your future with purpose, this episode is a must-listen.

How much will long-term care really cost—and how can you prepare for it? In part two of his long-term care planning series, host Trevor Lawson breaks down the rising costs of long-term care using data from the Genworth Cost of Care Survey. From in-home care to assisted living and nursing facilities, Trevor walks through current national averages and shows how to estimate future expenses using Genworth’s interactive cost calculator. He also explains how to identify your potential care funding gap by comparing projected care costs to your retirement income. Tune in to learn how to take the first step toward a clear, informed long-term care plan.To explore the Genworth Cost of Care Survey and plan effectively for your long-term care needs, visit:​ Genworth Cost of Care Survey ToolFor more information and resources, visit Trevor-Lawson.com.Retirement With/On Purpose is hosted by Trevor Lawson and produced by Earfluence.Securities and investment advisory services offered through Osaic Wealth, Inc. member FINRA/SIPC. Osaic Wealth is separately owned and other entities and/or marketing names, products or services referenced here are independent of Osaic Wealth. Branch phone: 919-546-0400.

What exactly is long-term care—and why should it be a critical part of your retirement plan? In this first episode of a special three-part series, host Trevor Lawson breaks down the essentials of long-term care using insights from Genworth’s educational resources. Trevor explains what qualifies as long-term care, who it impacts, why it’s increasingly common, and how it can affect not just individuals but entire families. From cognitive decline to chronic illness and aging-related needs, this episode offers a clear, high-level overview of what long-term care really involves and why planning for it now matters more than ever.For more information and resources, visit Trevor-Lawson.com.Retirement With/On Purpose is hosted by Trevor Lawson and produced by Earfluence.

Should you give your children part of their inheritance while you’re still alive? In this episode of Retirement With/On Purpose, host Trevor Lawson explores the concept of a living inheritance—what it means, how it works, and whether it might be right for your family. Drawing from an article, Pros and Cons of a Living Inheritance by Randy Fox, and real-world client experiences, Trevor walks through the potential pros like tax benefits, shared experiences, and meaningful financial relief, as well as important considerations like family dynamics, over-gifting, and preserving your own financial security. Tune in for practical insights on how to give intentionally, not just generously.Pros and Cons of a Living Inheritance by Randy Fox. For more information and resources, visit Trevor-Lawson.com.Retirement With/On Purpose is hosted by Trevor Lawson and produced by Earfluence.

What can you do now to make your estate plan simpler—and easier—for your heirs to manage later? In this episode of Retirement With/On Purpose, host Trevor Lawson shares five practical estate planning tips inspired by a recent Wall Street Journal article. From keeping documents updated and addressing digital assets, to assigning sentimental personal property and avoiding future family conflict, these small but intentional steps can have a big impact. Whether you're nearing retirement or already there, this episode will help you think ahead so your legacy is preserved—and your loved ones are protected.Five Things to Do Now to Make Your Estate Simpler for Your Heirs by Cheryl Winokur MunkFor more information and resources, visit Trevor-Lawson.com.Retirement With/On Purpose is hosted by Trevor Lawson and produced by Earfluence.

Is working with a financial advisor really worth it if they’re not “beating the market”? In this episode of Retirement With/On Purpose, host Trevor Lawson reframes the true value of a financial advisor—beyond just portfolio performance. Drawing from Vanguard’s Advisor Alpha framework, Trevor breaks down six key ways advisors can add measurable value, including proper asset allocation, cost-effective implementation, tax-efficient investing, and, perhaps most importantly, behavioral coaching. Whether you’re already retired or planning for it, tune in to discover how a trusted advisor can help you stay focused, disciplined, and financially confident through every market cycle.Read more about Vanguard's Advisor's Alpha here. For more information and resources, visit Trevor-Lawson.com.Retirement With/On Purpose is hosted by Trevor Lawson and produced by Earfluence.

Should you really be maxing out your 401(k)? In this episode of Retirement With/On Purpose, host Trevor Lawson challenges one of the most common pieces of retirement advice. Drawing insights from a compelling article by Nick Maggiulli, Trevor explores the pros and cons of maxing out your 401(k)—including fees, limited flexibility, and the long-term tradeoff of locking up your capital. He also breaks down a 30-year side-by-side comparison between a Roth 401(k) and a taxable brokerage account, revealing just how much (or little) you might gain. Tune in for a fresh perspective that may shift how you think about saving for retirement.Read more of Nick Maggiulli insights here: Should I Max Out My 401k? [The Surprising Truth] by Nick MaggiulliFor more information and resources, visit Trevor-Lawson.com.Retirement With/On Purpose is hosted by Trevor Lawson and produced by Earfluence.

What do people regret most at the end of their lives, and how can you avoid those regrets in retirement? In this reflective episode of Retirement With/On Purpose, host Trevor Lawson explores the five most common regrets of the dying, drawn from the experiences of palliative care nurse and author Bronnie Ware. Trevor shares practical insights for retirees looking to live with more intention, from reconnecting with old friends to choosing happiness, expressing emotions, and finally living life on your own terms. Tune in to learn how to use your retirement years not just to rest, but to live fully, courageously, and without regret.Read more of Bronnie Ware's insights here: Regrets of the dying by Bronnie Ware.For more information and resources, visit Trevor-Lawson.com.Retirement With/On Purpose is hosted by Trevor Lawson and produced by Earfluence.

Why is it so hard to start spending your retirement savings—even when you know you’ve saved enough? In this episode of Retirement With/On Purpose, host Trevor Lawson explores the emotional and psychological hurdles many retirees face when shifting from saving to spending. Inspired by an article from Morningstar’s Christine Benz, Trevor unpacks the concept of the “retirement consumption gap” and shares practical strategies for giving yourself permission to enjoy the money you've worked so hard to save. From income-producing investments to behavioral tips like tying spending to market performance, this episode will help you find the confidence to make the most of your go-go years.Will You Need Permission to Spend in Retirement? by Christine BenzFor more information and resources, visit Trevor-Lawson.com.Retirement With/On Purpose is hosted by Trevor Lawson and produced by Earfluence.

How much should you really spend on vacation in retirement—and how do you balance fun with financial responsibility? In this episode of Retirement With/On Purpose, host Trevor Lawson explores smart vacation spending strategies, just in time for summer planning. Drawing from expert advice and personal insights, Trevor shares guidelines like the 5–10% rule for travel spending, tips for avoiding "luxury creep" and "entitlement creep," and why planning around your life season matters. Tune in to learn how to budget wisely, celebrate meaningfully, and create lasting memories without jeopardizing your long-term financial goals.For more information and resources, visit Trevor-Lawson.com.Retirement With/On Purpose is hosted by Trevor Lawson and produced by Earfluence.

Are your spending habits truly your own, or are they shaped by what others around you value? In today's episode of Retirement With/On Purpose, host Trevor Lawson explores the concept of mimetic desire, the idea that our wants are often influenced by the desires of others. From luxury hobbies to travel trends in retirement, Trevor shares real-life examples of how this social phenomenon can impact financial decisions and long-term fulfillment. Tune in to learn how aligning your spending with your personal values, not social pressure, can lead to a more satisfying and purpose-driven retirement.For more information and resources, visit Trevor-Lawson.com.Retirement With/On Purpose is hosted by Trevor Lawson and produced by Earfluence.

Beyond financial security, what truly makes for a fulfilling retirement? In this episode of Retirement With/On Purpose, host Trevor Lawson explores the PERMA framework, a research-backed model for human flourishing. Drawing insights from behavioral finance expert Daniel Crosby, Trevor breaks down the five key pillars—Positive Emotion, Engagement, Relationships, Meaning, and Accomplishment—and how they can shape a retirement filled with purpose and joy. Learn practical ways to replace the social connections, structure, and sense of achievement that work once provided so you can thrive in your next phase of life.For more information and resources, visit Trevor-Lawson.com.Retirement With/On Purpose is hosted by Trevor Lawson and produced by Earfluence.

If you have a pension, how do you choose the right payout option for your retirement? In this episode of Retirement With/On Purpose, host Trevor Lawson breaks down the North Carolina pension payout options, explaining the pros and cons of each. From maximizing your own income to ensuring financial security for your beneficiaries, he walks through the key considerations retirees need to make. Plus, he explores an alternative strategy using life insurance to create more flexibility in legacy planning. Tune in to learn how to make the best choice for your long-term financial future.For more information and resources, visit Trevor-Lawson.com.Retirement With/On Purpose is hosted by Trevor Lawson and produced by Earfluence.

What happens after you retire—when the structure, purpose, and social connections from work are gone? Retirement isn’t just about finances; it’s about building a meaningful, engaging, and fulfilling life. In this episode, host Trevor Lawson dives into the often-overlooked non-financial risks of retirement, from loneliness and loss of purpose to mental and physical stagnation. Learn how to stay connected, find new passions, and keep both your mind and body active so you can truly thrive in this next chapter.For more information and resources, visit Trevor-Lawson.com.Retirement With/On Purpose is hosted by Trevor Lawson and produced by Earfluence.

How can market downturns impact your retirement, and what can you do to protect your savings? In this episode of Retirement With/On Purpose, host Trevor Lawson dives into the Sequence of Returns Risk—a lesser-known but crucial factor that can significantly affect your retirement funds. He explains how withdrawing money during a market decline can accelerate portfolio depletion and shares a powerful strategy—the bucket approach—to safeguard your retirement income. Whether you're approaching retirement or already there, tune in to learn how to build a financial plan that weathers market fluctuations and helps you retire with confidence.For more information and resources, visit Trevor-Lawson.com.Retirement With/On Purpose is hosted by Trevor Lawson and produced by Earfluence.

What are the biggest financial risks to your retirement, and how can you protect yourself? In this episode of Retirement With/On Purpose, host Trevor Lawson breaks down five key financial threats retirees face, including inflation, longevity risk, taxes, healthcare costs, and stock market volatility. He explains how these risks can impact your retirement savings and shares practical strategies to help safeguard your financial future, from delaying Social Security to diversifying income sources and managing market fluctuations. Check out this episode to discover actionable strategies that can help you navigate these risks and create a retirement plan built for long-term security and peace of mind.For more information and resources, visit Trevor-Lawson.com.Retirement With/On Purpose is hosted by Trevor Lawson and produced by Earfluence.

Think you're ready to retire? Now what? In this episode of Retirement With/On Purpose, host Trevor Lawson breaks down the essential steps to ensure a smooth and fulfilling transition into retirement. From evaluating whether you're truly ready to retire to creating a financial plan that supports your lifestyle, Trevor shares poignant pointers on retirement income planning, stress-testing your finances, and preparing for both financial and non-financial risks. Whether you're planning ahead or already on the brink of retirement, this episode will help you retire to something meaningful, not just from work.For more information and resources, visit Trevor-Lawson.com.Retirement With/On Purpose is hosted by Trevor Lawson and produced by Earfluence.

What exactly should you look for when hiring a financial advisor? In this episode of Retirement With/On Purpose, host Trevor Lawson breaks down the key factors to consider when choosing the right advisor for your financial journey. From finding a fiduciary who puts your interests first to ensuring they have experience with retirees like you, Trevor shares four essential qualities to look for—including why personality fit matters more than you might think. Whether you're preparing for retirement or looking for ongoing financial guidance, this episode will help you make a confident and informed decision.For more information and resources, visit Trevor-Lawson.com.Retirement With/On Purpose is hosted by Trevor Lawson and produced by Earfluence.

Do you really need life insurance in retirement? In this episode of Retirement With/On Purpose, host Trevor Lawson unpacks the key factors to consider when deciding whether to keep, adjust, or forgo life insurance in your retirement years. He explores common reasons retirees maintain policies—from covering lingering debts to leaving a tax-free legacy—along with potential downsides like rising costs and changing needs. Plus, Trevor breaks down the differences between term and permanent insurance to help you determine the best fit for your situation. Tune in to gain clarity and make informed decisions about life insurance in retirement.For more information and resources, visit Trevor-Lawson.com.Retirement With/On Purpose is hosted by Trevor Lawson and produced by Earfluence.

Is Social Security really going anywhere and what changes could impact your retirement? In this episode of Retirement With/On Purpose, host Trevor Lawson addresses one of the most common concerns for retirees: the future of Social Security benefits. Drawing on insights from recent reports and expert analysis, Trevor explores the critical role Social Security plays for many Americans and discusses potential changes, including tax adjustments, benefit reductions, and raising the retirement age.  Curious about what the future may hold? Tune in to gain clarity and learn how to plan for a secure and fulfilling retirement.For more information and resources, visit Trevor-Lawson.com.Retirement With/On Purpose is hosted by Trevor Lawson and produced by Earfluence.

Are you wondering how to transition from simply retiring to truly thriving in retirement? In the inaugural episode of Retirement With/On Purpose, host Trevor Lawson introduces the heart of the show: helping you navigate the financial and personal aspects of retirement to create a life filled with purpose and fulfillment.Drawing from over a decade of experience as a financial advisor, Trevor shares what it takes to organize, prepare, and enjoy your retirement years to the fullest. Whether you're looking for strategies to avoid common pitfalls or insights into maximizing your retirement savings for meaningful pursuits like travel, relationships, and volunteer work, this episode is your starting point. Tune in to discover how retirement can become your most purposeful chapter yet!For more information and resources, visit Trevor-Lawson.com.Retirement With/On Purpose is hosted by Trevor Lawson and produced by Earfluence.

Retirement With Purpose is a podcast dedicated to helping retirees, those nearing retirement, and their supporters navigate the financial and personal aspects of this new phase of life. Hosted by financial advisor Trevor Lawson, each episode provides practical strategies, expert insights, and inspiring ideas to ensure your retirement years are purposeful, fulfilling, and truly your best chapter yet. For more information and resources, visit Trevor-Lawson.com.Retirement With/On Purpose is hosted by Trevor Lawson and produced by Earfluence.