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Taylor Schulte

Retirement and tax planning tips...in plain English.

I'm the host of the Stay Wealthy Retirement Show and founder of Define Financial, an award-winning retirement and tax planning firm. When I’m not helping people lower their tax bill, you can find me traveling with my wife and kids, searching for the next best carne asada burrito, or trying to master Adam Scott’s golf swing.

Featured Post

"Magic" retirement number?

Hi Reader, New research has found a new "magic" retirement savings number. I say “magic” because if you put 10 people in a room, you’ll get 10 different opinions about how much you should save for retirement. And this estimate is no different. Northwestern Mutual recently surveyed 4,588 adults and found: The new “magic” number for a comfortable retirement is $1.46 million. It’s up 15% from last year’s $1.27 million number and is also an eye-popping 53% higher than the 2020 estimate.😳 Broken...

6 days ago • 2 min read

Hi Reader, The Wall Street Journal recently published an article detailing a survey based on this question: "Exactly how much more income do you think you need to be happy?" What do you think? How much more income do you think you'd need to be happy? Before we dive in...did you catch this week's podcast episode? 🎙️ Listen to The Best Retirement Account Type, Making Investment Changes, and More! We're answering listener questions like: “What account type is best to invest in after you’ve...

13 days ago • 2 min read

Hi Reader, Each spring, J.P. Morgan releases a helpful document they call Guide to Retirement. It's packed with interesting ideas and data that are all focused on retirement. While I think the entire document is valuable, I've handpicked eight charts that I think can help us make better retirement decisions. I've also added some commentary that I hope you'll find valuable. Let's dive in. (Note: If you want to download the entire 53-page guide from JP Morgan, click here.) 1.) Focus on What's...

20 days ago • 4 min read

Hi Reader, Today I'm wrapping up our three-part series on investing. (Need to catch up? Here's Part One and Part Two.) Specifically, I'm sharing additional ways to ease your transition from chaotic to more orderly investing. Some steps are purely practical. Others help you remain calm and confident along the way. You can mix and match them as needed to improve your investment success. Before we dive in...did you catch this week's podcast episode?👇 Inflation is Cooling: Why Does Everything...

27 days ago • 4 min read

Hi Reader, Today I'm sharing Part Two of my three-part series on investing. As shared in Part One, when you sell an investment for more than you paid for it, you can sometimes be faced with capital gains taxes. So, how do you navigate around capital gains while also transitioning your portfolio into the right investments? That's what I'll be sharing in today's email! Before we dive in...did you catch this week's podcast episode?👇 Roth Conversions: How Does the "5-Year Rule" Work I share TWO...

about 1 month ago • 3 min read

Hi Reader, Today I'm sharing part one of a three-part series on investing. (I'm also sharing a free PDF checklist at the end: "What Issues to Consider When Reviewing Your Investments") This series will walk you through how to transition from a chaotic collection of assets into a well-structured investment portfolio. Each part will explore the separate planning pieces involved in minimizing the taxable impact of a desired transition... ...while successfully moving toward a more orderly...

about 2 months ago • 3 min read

Hi Reader, Inflation is mostly back under control, with the recent headline inflation reading coming in at 3.1%. It may surprise you that the current reading is actually below the long-term average of 3.8% from 1960-2022. In today's email: If inflation is, in fact, back under control, why does everything still feel so expensive? Before we dive in, did you catch this week's podcast episode?👇 4 Retirement Planning Misconceptions Roger Whitney joins me to talk through 4 rarely-discussed...

about 2 months ago • 2 min read

Hi Reader, They say that a checkbook and a calendar never lie. If that's true (and I believe it is), then we should occasionally ask ourselves an important question: "If an impartial observer tallied how you spend your time and money, what would they say is important to you?" While I'm certainly hopeful they'd say that you spend your time and money in complete alignment with what's most important to you, most of us likely feel that we could do a bit better. To help better align your time,...

2 months ago • 2 min read

Hi Reader, Most of the time, the market's future feels uncertain. This is especially true when the market hits new record highs, and investors debate how long the party will last. As always, this debate is at least partially driven by media pundits seeking airtime by expressing skepticism. Rather than arguing against negative outlooks, I believe this sort of constant skepticism is actually a good thing for our investments. I'm sharing why I believe that in today's email. But first: Click here...

2 months ago • 3 min read

Hi Reader, Today, I'm sharing some of my favorite investing and economic charts from the past month. These charts cover topics like: Unemployment rate changes Wages and inflation Investor sentiment...and more! It's been two years since the last market high. Given that, I thought it would be interesting to show how things have changed since then and one big thing that has not. Let’s start with what hasn’t changed… 1.) Patience Was the Right Approach (Again) As noted above, after two years of...

3 months ago • 3 min read
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