Cannon Wealth Solutions

Cannon Wealth Solutions We offer life insurance and annuities

07/21/2026

62 is the earliest age you can claim Social Security.

And most people who claim it do so because they need the income or they don't trust it'll be there.

But here's what almost nobody talks about. For some couples, claiming at 62 isn't a mistake. It's a strategy.

If the lower-earning spouse claims at 62, that income can cover living expenses while the higher-earning spouse delays their own benefit to let it grow. More delay means a higher benefit for life. And more room in a lower tax bracket for Roth conversions in the meantime.

The permanent cost of claiming early is real. If your full retirement age is 67 and your benefit would be $2,000 a month - claiming at 62 locks you into roughly $1,400. For life. That's a 30% permanent reduction.

There's also the earnings test. If you're still working and claim before full retirement age, a portion of your benefit gets withheld. That money comes back later - but it means less cash in hand now.

So 62 works best in one of two situations. You genuinely need the income now. Or you're using it as a coordinated household strategy so the higher earner can delay.

The difference between those two is everything.

Educational only. Talk to a professional about your situation.

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07/20/2026

Before 59½ - withdrawals from a traditional IRA or 401k trigger a 10% early withdrawal penalty on top of regular income tax. Unless an exception applies.

At 59½ that penalty disappears completely.

But here's what most people miss. If you retire at 59½ you likely have several years before Social Security starts and before RMDs begin. During those years your taxable income is often the lowest it will ever be for the rest of your life.

That's the window. And it's the best Roth conversion opportunity most people will ever have. Move money from a traditional IRA into a Roth now, pay tax at a lower rate, and every dollar that moves in grows completely tax-free and comes out tax-free later.

The tradeoff is healthcare. Medicare doesn't start until 65. Retiring at 59½ means bridging 5½ years of private health coverage - and that has to be planned for deliberately.

59½ isn't just the age you're allowed to access your money. It's the start of the only period in your life where you can genuinely control your own tax rate.

Most people let that window close without ever using it.

Educational only. Talk to a professional about your situation.

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07/19/2026

Most people plan for retirement like spending stays flat. It doesn't.

Research shows the average retiree's spending gradually declines by roughly 30% between age 60 and 85. And understanding why changes how you should be building your plan right now.

Financial planners call them the go-go, slow-go, and no-go years.

The go-go years are the first decade of retirement. Energy is high, health is good, travel is easy. This is when spending is at its peak - and frankly, when it should be. These are the years you spent a lifetime promising yourself.

The slow-go years are when the pace naturally slows. Long-haul travel becomes less appealing. Spending on experiences drops meaningfully. Life gets quieter.

The no-go years are when healthcare costs rise and the retirement you imagined is largely behind you.

The pattern is clear. The window for the experiences you planned is front-loaded into retirement. And yet most income plans are built as if every year looks the same.

Spend intentionally early. The years don't wait.

Educational only. Talk to a professional about your situation.

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07/17/2026

Do Not Retire Until You've Checked These 5 Boxes…

Most people approaching retirement are missing at least one of five critical pieces - and any single gap can permanently damage a plan that took 30 years to build.

In this clip, we walk through all five: a written income floor, a withdrawal sequence, the Roth conversion window before RMDs begin, a Medicare and IRMAA coordination plan, and a specific strategy for what happens if markets drop in year one or two. Because a retirement plan isn't complete until every one of these has a written answer.

Educational only. Talk to a professional about your situation.

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07/16/2026

How a Year-1 Bear Market Can Destroy a 30-Year Plan…

During accumulation, a market drop works in your favour - you're buying at lower prices. But once you're withdrawing, that same drop means selling more shares to generate the same income, permanently reducing what's left to recover. That's sequence of returns risk, and it's most dangerous in the first few years of retirement.

In this clip, we break down what a real income plan does before a downturn happens - from holding stable assets specifically for drawdowns to pre-determined spending guardrails - so you never have to sell growth assets at the worst possible time.

Educational only. Talk to a professional about your situation.

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07/15/2026

How Roth Conversions Can Accidentally Double Medicare Costs…

Standard Medicare Part B costs $202.90 per month in 2026. Cross the IRMAA threshold - $109,000 individual or $218,000 for a couple - and a couple could pay roughly $2,300 more per year in surcharges. But here's what catches people off guard: Medicare premiums are based on income from two years ago.

In this clip, we break down how a large Roth conversion, a one-time withdrawal, or selling an investment property can quietly raise Medicare costs two years later - and why almost nobody draws that line until it's too late to undo it.

Educational only. Talk to a professional about your situation.

✅ Watch The Full Video On YouTube

07/14/2026

How to Beat the IRS Forced Retirement Tax…

Between retirement and age 73, most people sit in the lowest tax bracket they've occupied in decades - no paycheck, Social Security delayed, no forced withdrawals. For most, that window closes completely unused.

In this clip, we break down why this 5–15 year window is the ideal time for Roth conversions, how paying tax now at a lower rate protects against the forced withdrawals the IRS imposes at 73, and why once RMDs begin that income stacks on top of everything else - whether you need it or not.

Educational only. Talk to a professional about your situation.

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07/13/2026

The Exact Order to Withdraw Retirement Money Tax-Free…

Most retirees pull from whichever account is easiest to access - usually the traditional IRA. But every dollar out of a traditional IRA is taxable income that stacks on top of Social Security, pushes tax brackets higher, and directly affects Medicare costs.

In this clip, we break down how a withdrawal sequence answers one question before you ever touch an account - which bucket do you pull from first, second, and third - and why that single decision, made once at the start of retirement, sets the tax tone for everything that follows.

Educational only. Talk to a professional about your situation.

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07/12/2026

Why You Need a Written Income Floor Before You Retire…

Most retirees assume their portfolio will cover expenses when needed. But without a written income floor, every market downturn becomes a direct threat to the bills getting paid.

In this clip, we break down what an income floor actually is - matching guaranteed income sources like Social Security and a pension against essential monthly expenses - and why when that gap is covered, you never have to sell investments at a loss just to keep the lights on.

Educational only. Talk to a professional about your situation.

✅ Watch The Full Video On YouTube

07/11/2026

The 4-Step Formula That Replaces the 4% Rule…

The 4% rule was designed assuming your portfolio covers 100% of your spending. But once Social Security and a pension are covering essential expenses, the portfolio isn't carrying the same weight - which means the formula needs to change.

In this clip, we walk through the 4-step process: calculate your real annual spending, add up guaranteed income, find the gap, then divide by 5% to get the actual portfolio target. The real question was never what percentage you can withdraw - it's what your gap is and the most efficient way to close it.

Educational only. Talk to a professional about your situation.

✅ Watch The Full Video On YouTube

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Harrison, NY
10528

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