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Retirement Planning For WE Energies Employees | Podcast Thumbnail

Retirement Planning For WE Energies Employees | Podcast

As a Milwaukee-area firm, Keil Financial Partners has walked alongside countless WE Energies employees throughout their retirement journeys.

Because of this, Jeremy Keil and his team have discovered some key potential pitfalls and success strategies for WE Energies / WEC Energy Group employees. Today, Jeremy is sharing some of these planning considerations and why they’re an important part of your retirement picture.

In this episode, you’ll learn:

  • Five potential planning pitfalls
  • About the net unrealized appreciation tax rule and how it can benefit you
  • Seven secrets of success
  • Strategies for your stock options
  • And more!

Tune in now for a run-down on WE Energies retirement strategies and how they can help you maximize your ideal retirement!

Resources:  Keil Financial Partners | 6 Questions Retirees Aren’t Asking But Should Be 3 Keys You Should Know Before Choosing a Financial Advisor  | WE Energy Retirement Checklist | Subscribe

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Full Transcript

Retirement Revealed Episode 20: Retirement Planning for WE Energies

Are you ready to uncover your retirement solution? Learn more as Jeremy Keil and his guests guide you along the path of retirement and reveal the five steps you need to take to solve your retirement puzzle. Now onto the show!

Aric Johnson: Hello and welcome to Retirement Revealed with Jeremy Keil. Hello Jeremy. How are you doing?

Jeremy Keil: Good Aric, how are you doing? 

Aric Johnson: Doing fantastic. Welcome back. I am so glad you're here because it would be boring with just me on here. 

Jeremy Keil: I suppose. 

Aric Johnson: Yeah I wouldn't be able to give the audience nearly the information that you're about to. So today we're going to be talking about retirement planning for employees of WE Energies.

Jeremy Keil: You got it. 

Aric Johnson: Yeah. The title sounds very specific. However, you did send me some notes ahead of time of points you wanted to cover, and most of this looks like it really applies to most people that would work at a publicly traded company. 

Jeremy Keil: You got it. When you work at a publicly traded company, you may have stock. A lot of times you have a pension. Still, a lot of these are the same tactics and things you should be looking at when you're hitting retirement. We happen to be in the Milwaukee area. WE Energies is a big company. They provide our energy. The whole reason the lights are on right now is because of WE Energies. So we have a lot of their employees that are working with us on retirement planning, and there are some things that we've found including some potential pitfalls and successful strategies that we want to share with WE Energies employees specifically. But if you're someone that's not even an employee of WE Energies, just listen in because there's a lot of things here related to pensions, 401ks, and employer stock that's going to be very, very pertinent to you. 

Aric Johnson: Yeah, absolutely. So for all the listening audience, definitely pay close attention now. For the WE Energies employees, thank you. Thank you for having Jeremy's lights on because you're enabling this podcast today, so thank you for the work that you're doing. All right, so where do we need to start the discussion today, Jeremy?

Jeremy Keil: Well, the first thing to think through is what you need to even decide when you’re getting closer to retirement. You’ve got a pension. You’ve got a big decision ahead of whether you take a monthly payout or a lump sum. They could give you a big dollar amount right up front, or you could get a monthly amount. When should we start it? There’s all kinds of decisions to make there. Then you have to keep an eye on health insurance. Do you take the standard plan or the plus plan? If you’re not a WE Energies employee, basically it is about whether you take a low or high deductible or go somewhere else. You don’t have to take the employer or retiree plan. You could have other coverage. There’s lots of different coverages out there for health insurance. How do you make that decision? For life insurance, do you convert what you already had? A lot of people already have life insurance through their employer. Do you convert that same insurance or do you go out completely separate and get some of your own? For your 401k, what do you do with that? Do you keep it inside the 401k? Do you roll it over to an IRA? What if you have WE Energy stock? What if you have stock from your employer inside of your 401k? There are some little known tax rules that are there that you ought to know about before you make some of those decisions. There’s also your unused sick leave and vacation. Can you get paid for that somehow? Also, this isn’t your only money that’s out there. You probably have social security too. Again, when should you start your social security? How do you integrate that into your overall plan? Whether you are working at WE Energies or not, it’s important to think through those six areas: pension, health insurance, life insurance, 401k, unused sick leave and vacation, and how you integrate all of that with social security. That’s a big deal. Those are the things you should be looking at before you retire.

Aric Johnson: Yeah, absolutely. You just covered a ton of stuff in about a minute and a half, so there’s a lot to decipher there. I know that you actually have a checklist that’s available for WE Energies employees, correct?

Jeremy Keil: That’s exactly it. We’ve got a WE Energies retirement checklist. It’s going to be on our dedicated website at weenergiesretirement.com. If you go there you’ll be able to download our retirement checklist so that you’re prepared and ready to go before you hit retirement. That’s a big deal.

Aric Johnson: Yeah, absolutely. For anybody else who’s listening that is not a part of WE Energies, please by all means go there and download that checklist. It’s not going to be exactly fit for you, but it’ll give you some of those questions that you’ll be prepared to ask Jeremy when you give them a phone call or when you shoot them an email because it’s still going to be great information for you. All right, where do we go from here? I mean, you named so many things. 

Jeremy Keil: Yeah, there are a lot of things there. We’ve helped a lot of people get ready for retirement, and we have found that there are five pitfalls that you might just fall into. So there are five potential pitfalls, and we want you to be aware of these so that you don’t miss out on any money or opportunities. Number one is related to the first thing I mentioned earlier. That’s your pension. Your pension could be calculated and paid out in so many different ways. A lot of people just take a look at that number on your statement. That way it works at WE Energies is that a lot of times they just put it right on your statement there, saying you’ve got $200 grand or $400 grand. They just tell you the lump sum value. You’ve got to do a little bit of digging to find out what your monthly payout is going to be, and you have to do even more digging beyond that to find out how your pension actually changes around. I have an interesting story. This happened last year, and we called in with a WE Energies employee to the Fidelity Service Center. They do the pension there, and we were asking all of these questions in order to just try and figure out this information for our clients. The guy on the phone just stopped and said, I have to congratulate everyone on the phone call because usually when an advisor comes in and is asking these pension questions, all they ask is, what is the lump sum amount and how do I get it over to a traditional IRA so I can manage it and get paid on that as soon as possible? We weren’t asking that. We were asking, how does this pension work? Where can we get more information? We want to maximize that value of this pension. The representative said that most people take the lump sum and they don’t even look at the other ways that could be maxing out what they get for their pension. In his opinion, what most people do is they end up taking one of the worst ways to take it to get one of the lowest values. Interestingly enough for that individual, there were four different ways that their pension was being calculated. Unless we asked how they all worked out, who knew which one was going to max it out. So you have to go in and run all of these different scenarios based on your retirement date and age. You don’t have to collect your pension the day you retire. You don’t have to take it at specific ages like 62 or 65, but when you go into that pension area and you’re just running the scenarios, you’ll be able to chart it out and find out, oh, if I wait a year, my benefit grows by 5%. If I wait another year, it doesn’t grow. Well guess what? You found out the max. You found out some great information that will help you determine when the best time is to take your pension, whether you’re better off taking that lump sum, and how you should take something called survivorship, which helps out your widow after you pass away. So this is important stuff. 

Aric Johnson: Yeah, and I don’t think that there’s anybody listening to this that is going to say, you know what? I don’t want to get that maximum dollar amount. 

Jeremy Keil: Well, you have worked there your whole life. So many people are working there for 20, 30, or 40 years, and they make a promise based on certain rules. Don’t you want to know what the rules are and find a way to maximize the way that they’re paying this out to you?

Aric Johnson: Yeah, absolutely. 

Jeremy Keil: Yeah. Speaking of pensions, number two is to remember to complete your pension start forms. We had somebody that ended up talking to HR and asked, hey, am I good to go with my retirement, pension, and all of that stuff? They said, yeah, you’re good to go. Well, what they could have explained a little bit further is that you don’t actually get your pension automatically when you file for retirement. A lot of people feel like it’s exactly the same thing, right? You fill out your paperwork. You say, I’m going to retire on this day. That does not automatically start your pension. In fact, WE Energies HR doesn't even start your pension. You've got to go through a place called Net Benefits. That's through Fidelity. This is actually pretty common to a lot of different other companies, but specifically for WE Energies, you have got to go through Net Benefits to start your pension there. So when you fill out your forms to retire, it does not start your pension. That's a separate thing. Make sure you start your pension when you want to because you might be missing out on it if you think it's starting on September 1st because you retired in August. If you don't get your check on time, you might not have actually filled out the pension form. So you definitely have got to do that. That's a big deal. 

Aric Johnson: Yeah. Do you have any idea of how long that takes? Let's say somebody does miss it. Oh man, I didn't get a check. They call in. They finally start the process. How long can that take?  

Jeremy Keil: I was just looking at the forms, and it said six to eight weeks. So it could be a little bit of time, which actually might mean it might be a little bit of time before you find out there's an error. So that might be one of the first things you do after you have a nice retirement party is call into Fidelity and make sure that everything was done correctly and on time. Did you get all my paperwork so I have my pension? You will want to check on it all to make sure that you are ready to go. That's important. A few more here. Another one's related to your sick leave and vacation benefits, and I think from what I can tell is that this was a little bit of a union negotiated situation where if you were a part of one of the local unions that you are able to get your sick leave and vacation benefits moved over to something called a premium medical account. So you can take all these benefits, move it to this account tax free, and use that to take money out for your medical premiums later on. It’s a great benefit. Find that out ahead of time. Can I get to be a part of that? There are some set rules, some cutoffs. If you don't have enough sick leave and vacation used up, you can't do that. If you're somebody that's a corporate employee, that might not even be part of your package at all. It looks to be from everything I've seen more of a union negotiated benefit, so it's more for the frontline workers that are there that get this. But find out if you have this benefit because you may want to decide to save up your sick leave and vacation so you can get that into your premium medical account. If you don't have this benefit, you might want to get sick. You might want to get your vacations in, right? Take care of this stuff and maybe use up some benefits before you retire so you don't lose them at retirement. So just understand what's going to happen to your sick leave and vacation at retirement. That way you don't miss out on any of these benefits at all. 

Aric Johnson: Yeah, absolutely. 

Jeremy Keil: Yeah. Also, a lot of times people think that their health insurance costs come out of their pension because it's usually coming out of your paycheck. That's normal. You've been used to that for 20, 30, or 40 years. In fact, a lot of pensions do that. They do actually take the payments for your health insurance right out of your pension. That doesn't happen at WE Energies. They'll send you a form for a place called Benefits Express who they use right now in 2020. They'll send you a form. You can use that and go online, but you've got to go in and actually sign up for and pay for your health insurance benefits. Again, it's not an automatic thing. It's amazing how much work it is to retire. There's a lot of work there. You’ve got to sign up for your pension. You’ve got to actually pay your health insurance benefits. That's the fourth pitfall that we see. Sometimes people happen to miss that one, so we want to make sure that you have that retirement checklist at weenergiesretirement.com. That's going to help you make sure you don't miss out on some of these things.

Aric Johnson: Yeah, absolutely. I mean, there could be other sorts of penalties if you don’t sign up or pay for your health insurance. You don’t want to face that or be without coverage for any period of time.

Jeremy Keil: Yeah, if you don't pay for something, you don't have it.

Aric Johnson: Right. Yeah, that’s hard. 

Jeremy Keil: Yeah. One last potential pitfall. Now this is one that's a little interesting because it's not as if you're missing out on something that will cost you. If you worked at WE Energies, you have WE Energies’ stock inside of your 401k. This applies to everybody at a publicly traded company. If you have that stock inside of your 401k, there's a very little known tax rule that could be a huge tax benefit for you. If your advisor is not talking to you about this tax rule, it is called net unrealized appreciation. It's a way to take this stock outside of your 401k and have part of it switched over to something called long-term capital gains rates. Now we just used a lot of big words, but the idea is that if you have employer stock inside of your 401k, you can take part or all of it and switch the taxes from one area called income taxes, which are higher, to another area called capital gains, which are lower. You ought to look into that. We believe strongly that if your advisor's not talking to you about this stuff, you might have the wrong advisor. This is so important, and unfortunately, most clients and most people don't know about this. A lot of advisors don't know about it. I think sometimes some advisors don't know about it because they might actually make a little bit more money to just say, forget about it. Take your 401k and roll it over to an IRA. You don't need the WE Energies stock anymore. You just have to do the math before you do all that kind of stuff. It is called net unrealized appreciation. It’s a little known tax rule. You have to look into that if you have We Energies’ stock inside of your 401k, or if you're not at WE Energies then if you have your employer’s stock in your 401k. You have to look that up. 

Aric Johnson: Yeah, I would never have known about that strategy at all. That's crazy, and it's unfortunate that you're probably right that there are some advisors that are not going to really say anything because they either don’t care or maybe they get a little bit more compensation for doing it a specific way and then they're not being the fiduciary they should be.

Jeremy Keil: Yeah. That's why we love working as fiduciaries. We're not selling you a variable annuity or trying to make an investment commission by doing this or that. We're just trying to get this good information out there. If you want to work together, let's work together in a way that's a fiduciary situation like you talked about where both sides benefit. There are no kind of upfront investment commissions or any issues that are going on right there. Now we just talked about some downsides and pitfalls to avoid, right? They are not fun to talk about, but you have to avoid them. Now let's talk about the fun stuff. There are seven successful secrets. A lot of S’s there. There are seven successful secrets for retirement at WE Energies. The first one has to do with the thing we just talked about: net unrealized appreciation. It is such a huge benefit to take money from income tax rates of 10-37% and switch it down to capital gains rates, which could be zero all the way to 20%. Even beyond that, this is a huge deal for your heirs. If you're somebody that has enough money where maybe you'll have something left over for the kids or grandkids, if you had let's say $100 grand in WE Energies stock that did well and became $200 grand and you left that money to your kids or grandkids, guess what? That $200 grand in your 401k and or traditional IRA is going to be entirely income taxable to the kids or grandkids. Now, if you had followed through and if we did an analysis and said, this is the best way to go, and if we ended up taking the $100 grand out, now that's outside of your 401k. When that grows from $100 to $200 grand, if that gain goes to the kids or grandkids, you get something called a step up in cost basis, which is a technical term for tax deal. But the idea is that if this is outside of a 401k and or traditional IRA and it was worth a $100 grand at one point and became worth $200 grand later on, when you pass it onto the kids, that $100 grand gain is completely tax free.

Aric Johnson: Yeah. You've talked about that on a previous podcast. 

Jeremy Keil: Yeah, exactly. This step up in cost basis is a huge deal. Would you rather have that $100 grand grow inside of your IRA so that the kids pay taxes on it, or grow outside of the 401k or IRA so that your kids don't pay taxes on it? I think we know the answer there. It is a big benefit. You have to figure that one out. Again, if your advisor's not calling you up and asking these questions about cost basis and net unrealized appreciation, if they're not using those words, if they're not calling into Fidelity to ask about your 401k, they either don't know about this stuff or they just have kind of figured out that it's not worth their time in a way. But trust me, it's worth your time as a person that owns WE Energies’ stock to figure this stuff out. The next thing is related to stocks as well. A lot of people, especially if you're more middle or upper management, might own these stock options. What's so interesting about stock options is that you don't own the stock. Now, a lot of people like WE Energies stock because it pays a dividend. Well, if you have the option, you don't own the stock, so you don't get the dividend. So a good secret is to look into when you actually want to exercise these options. Most people wait till the end. A lot of times the end is around 10 years from now. They wait 10 years and miss out on 10 years worth of dividends. So I am not saying that you should take your options and exercise them, but you ought to figure that out with your advisor. When should you switch this over to stock so that you can start getting the dividends. Options are great, but you do not own the stock, which means you do not get the dividends. One way to come out ahead is to find a way to own the stock and get the dividends. It is worth looking into. 

Aric Johnson: Definitely. 

Jeremy Keil: Next is number three. We have seven secrets because there are so many great ways to make your WE Energies retirement a success. Number three is to before you retire run all those different pension scenarios we're talking about. What we mean is you might retire at 57 or you might retire at 62 or whatever it is. It doesn't take you too much time. Go to the website, and if you're retiring at 57 you can do an estimate. You can find out what happens if you take your pension at age 58, 59, 60, and it'll let you go all the way up to almost 70. When you do that, you can find out, how does my lump sum grow and how does my monthly pension grow? You can find these different times to say, well, that's when it maxes out. We mentioned earlier that there are some union benefits. There are some different corporate situations. Your 401k might be completely different than the person that you're buddies with that retired from WE Energies two months ago because you might have different rules that are there. Until you find out these different pension scenarios, you don't really know how it's going to work for you. But when you do see how it's going to work for you, you can really maximize it. So before you retire, run these different pension scenarios at different ages. It doesn't take too much time. It takes 15 clicks if you went from 55 to 70. That's not too difficult, and it could be a matter of tens of thousands or even hundreds of thousands of dollars over your lifetime. It is well worth the effort. 

Aric Johnson: Yeah, absolutely. 

Jeremy Keil: Now, you might've noticed that a lot of these secrets to success are the opposite of the pitfalls, right? You might've made a mistake by missing out on something. Well, go make the benefit by taking advantage of something that's there. One of those is this premium medical count. Who wouldn't want tax free money? If you're somebody that has sick leave and vacation benefits, a lot of times when you retire it could either get lost or maybe it does get paid out to you but you still pay the taxes on it. But if you're eligible for this premium medical account, it can get moved tax-free into an account that's set aside for your insurance costs in the future. When you reimburse yourself for your insurance premiums, it's tax-free. It could be $5-20 grand. It can be a big dollar amount. That's your unused sick leave and vacation that can be turned into tax free money for you. So you have to look that one up. Number four is to find out about the premium medical count. Can you get that? Number five is a fun one. You and I have talked a lot about giving to charity and how we love working with people that are charitable. Well, if you weren't charitable before or if you're just a little bit charitable, you should be the most charitable you've ever been during the first 12 months after you retire. The big reason why is when you're working at a lot of these big companies like WE Energies, they have an employer matching gifts program where if you give money to a nonprofit, then the foundation, in this case WE Energies’ foundation, matches it. They'll even do that when you're retired, but they'll only do it for 12 months. The maximum amount for 2020 is $20 grand. That's a lot of money. If you're someone that’s ever been charitable and you happen to want to be a little bit more charitable, you can do it in a way in those first 12 months where you can get your money doubled by giving that money to charity, right? If you are going to give an amount to charity, do it in the first 12 months and apply for WE Energies’ matching gift program. It's amazing. We just had a couple that took some of their WE Energies stock out in order to free up some cash for them. They were then looking at this foundation matching gifts program, and they gave the largest gift that they've ever given in their lives. They actually gave a $20,000 gift to one of their favorite nonprofits. It is amazing that WE Energies came in and doubled that. It's so amazing, and you've got 12 months to do it. So if you're charitable, make use of it. If you're not, now's the time to think about it. 

Aric Johnson: What a great way to kick off your retirement.

Jeremy Keil: Yeah. You have this long retirement, you get your pension, your 401k, and now you get to bless others with this great gift. It's amazing. It's so great. Next one here is something that's somewhat unique to WE Energies. What's unique is the name. They call it the blended rate income fund. It really is this thing called a stable value fund. A stable value fund is something that's not allowed to be outside of a 401k. I don't know where they came up with this rule way back when, but it's the idea that when you hit retirement, you might need some short term money. You might need some interest rate type of money. For some reason in the 401k they've come up with this thing called a stable value fund. A lot of times it's actually paying you a higher interest rate than what you can find in the banks. Here we are in the middle of 2020. Interest rates have been low for about 12 years. They have been incredibly low for a long time, so when you're somebody who’s trying to figure out how you want to invest inside your 401k or move money into an IRA, take a look at WE Energies’ blended rate income fund. They call it the BRIF. If you're outside of WE Energies, find out what that stable value fund is. You might be able to get a better interest rate inside of your 401k than you can get anywhere else. It's a great option inside of the 401ks. The last one here is number seven. It’s a little bit more specific. It doesn't quite apply to everyone, but there are some people at WE Energies that are executives. Someone's got to make some decisions at the top level, and for whatever reason, the way that a lot of these executives are compensated is that they have something called deferred compensation where perhaps you earn your income now, but you get to defer it to later on. The theory is that maybe when you hit retirement you need that income. You don't need income when you're 60 and working, but when you're 65 and retired, you might want to have that income then. So they do this deferred compensation, and it's a little bit like the 401k. It's not exactly a 401k, but you don't pay taxes today. You pay taxes later on. I could not believe this when I found this out, but we've been making use of it. For whatever reason, inside this deferred compensation fund they don't have that blended rate income fund. They have something called the prime rate fund. You might've heard of prime rate with your home equity or car loans. They'll say, oh, you pay prime plus two, or whatever it is, and prime rates might be 3-4% or so in 2020. Well, that's a pretty good interest rate. That's better than the brief account we just talked about. That's better than bank accounts that we talked about. So you might want to look into it if you are somebody that wants short term money. That's about the best interest rate you can find is what the prime rate fund pays. So we had someone just recently that we were helping out, and we determined that they needed to have some short term money. Well, you could go to the banks that are paying close to zero. You could go to that BRIF account that was paying 1.5-2% or whatever it was at the time. Or you could go with the prime rate fund that was paying around 4%. We said, guess what? Your deferred compensation is now your short term money because you can get the best interest rate there and allow your other places to hold your growth investments. So we said, let your other places be the growth area, and let's just max out what this primary fund is. I mean, 4% is a great interest rate. It's just amazing. Good advice all around is that when you dig into what you already have, when you dig into your 401k, dig into your pension, dig into your benefits around sick leave, around your deferred comp or stock options, there are just some amazing values that might be sitting there with what you already have. That's why we love learning about this stuff. We love to help you maximize what you already have.

Aric Johnson: Yeah, absolutely. I mean, there are so many positives. I like the fact that there are more positives than pitfalls. Those are all great points, and most of them are things that people just probably haven't ever heard before. Who are they going to ask within the company? Who are they going to ask? Like you said, your friends may have a completely different situation, so go to the expert. You got the website set up. I appreciate that. I know that they will as well. What else do we want to talk about today as we're closing out? 

Jeremy Keil: We just think that this is such a huge deal. You get to retire once in your life. You get one shot at retirement. There's absolutely no room for mistakes. So when you’re trying to hit retirement, we very much encourage you to find a financial planner who focuses on retirement and who has already helped people from your company, in this case WE Energies, retire so that they're familiar with all these different pitfalls that you can avoid and successes that you can go after in order to be set up for a successful retirement. We're just going to finish up with two quick ways to tell if you have found the right financial advisor for your WE Energies’ retirement. If they're doing this, you're probably on the right track. If they're not, give us a call. We're here to help you out. The first thing they ought to be doing is when you're meeting them and they're asking you questions, if they help you get projections on each of your pension options, if they're trying to find out what it looks like at age 57, 58, 60, or 65 and they're making comparisons on a lump sum versus the monthly pension, if they're digging into it and getting good information, you're on the right track, right? They're trying to find out more about your pension so that you can make the best decision. The second thing is that if they are calling in with you to Fidelity to your 401k and trying to find out this term called cost basis and if they're mentioning that net unrealized appreciation, they're trying to figure out how to do the best tax situation for your WE Energies stock. So that's kind of two quick ways to tell, and that applies to everybody. If the advisor is helping you find out more about your pension, helping you find out more about the tax benefits of the stock inside of your 401k, you probably are on the right track with the right type of advisor who’s going to help you make a good retirement choice.

Aric Johnson: Yeah, absolutely. Jeremy, those are both great points. Again, I agree 100% that your advisor needs to be really focused on every possible scenario with you so that you know exactly what you want to choose because it is your choice. It's the client's choice. It's not the advisor's choice. The advisor is there to advise, and if they're not giving you all of those options, that's a problem. So you definitely need to be seeking some professional help with that. Jeremy, as we close, do you have any final thoughts?

Jeremy Keil: We love working with all of the WE Energies folks. We have worked with them over our entire career here. It's fun to dig into it. It’s fun to find ways for them to maximize their retirement. So if you want to speak with one of us who’s a retirement planning specialist, please just give us a call. Our number is 262-333-8353. You can also go to our website. In this case it is weenergiesretirement.com. If you don't work at WE Energies, go to keilfp.com. We’d love to talk!

Aric Johnson: Jeremy, thank you so much. This was a great podcast. I appreciate your time, and I know that everybody out there listening appreciates it. We will talk to you soon on the next podcast. 

Jeremy Keil: Okay, sounds good Aric. 

Aric Johnson: Alright, and for the entire audience I want to thank you for listening to the Retirement Revealed podcast with Jeremy Keil. If you have not subscribed to the podcast yet, please click the “Subscribe Now” button below. This way, when Jeremy comes out with a new podcast, it'll show up directly on your listening device. This makes it much easier to share these podcasts with your friends, family, and if you're working at WE Energies, your coworkers because they need to hear this before they approach their retirement, so please share this with them. Again, thanks for listening today. For everyone at Keil Financial Partners, this is Aric Johnson reminding you to live your best day every day, and we'll see you next time.

Thank you for listening to the Retirement Revealed Podcast. Click on the subscribe button below to be notified when new episodes become available. Visit Retirement-Revealed.com to learn more. The information covered and posted represents the views and opinions of the guest and does not necessarily represent the views or opinions of Keil Financial Partners. Keil Financial Partners does not provide legal, accounting, or tax advice. Consult your attorney or tax professional. Representatives have general knowledge of the Social Security tenets. For complete details on your situation, contact the Social Security Administration. Keil Financial Partners is a part of the Thrivent Advisor Network, a registered investment advisor. The Content has been made available for informational and educational purposes only. The Content is not intended to be a substitute for professional investing advice. Always seek the advice of your financial advisor or other qualified financial service provider with any questions you may have regarding your investment planning.

The information covered and posted represents the views and opinions of the guest and does not necessarily represent the views or opinions of Keil Financial Partners. Keil Financial Partners is a part of the Thrivent Advisor Network, a registered investment advisor. The Content has been made available for informational and educational purposes only. The Content is not intended to be a substitute for professional investing advice. Always seek the advice of your financial advisor or other qualified financial service provider with any questions you may have regarding your investment planning. 

Keil Financial Partners does not provide legal, accounting, or tax advice. Consult your attorney or tax professional. Representatives have general knowledge of the Social Security tenets. For complete details on your situation, contact the Social Security Administration.