Healthy, Wealthy, & Wise Retirement Podcast

Today, I have the pleasure of welcoming Ph.D. Alex Murguia to the show. Alex is the CEO of Retirement Researcher and Managing Director of McLean Asset Management, an investment advisory firm based in Tysons, Virginia. He has been published in the New York Times, the Wall Street Journal, speaks at several financial conferences, and founded a financial planning software which helps retirees learn which retirement income strategies best fit their personalized style. *this episode was recorded in video format: YouTube On today's show, we discuss: 1) What actually is market volatility from an academic perspective? 2) What are some "market drivers" and is it worth trying to gauge them? 3) How much does the market move in absolute terms in order to our net gain or loss at the end of the year? 4) What are some biases we all have as investors (loss aversion, anchoring, survivorship, and action bias)?   *Take a complimentary RISA Assessment   Connect with Loren: Share More & Get in Touch Podcast Page   More from Alex: Retirement Researcher Retire with Style Podcast

Today, we wrap up with Part II of my conversation with Jacob Schroeder of Kiplinger. We continue discussing the concept of "F.I.R.E." -Financial Independence, Retire Early. We talk about: -How FIRE participants can access funds prior to age 59 1/2- "Rule of 55" & "SEPP 72(t)" -What are some common characteristics of people who successfully implement a FIRE strategy?  -What if you are retired and bored? *this episode was recorded in video format, and will soon be available on our channel: YouTube   Connect with Loren: Share More & Get in Touch Podcast Page   More from Jacob Schroeder: Substack | LinkedIn Kiplinger Articles

Welcome back! I've been away for a bit, but ready to swing into another year of podcasting, and I have a lot of interviews lined up that I'm excited to share. For today's episode, Jacob Schroeder of Kiplinger returns to the show to share some of his research on the FIRE movement, which stands for "Financial Independence, Retire Early." We talk about:   -What is FIRE and why do people get so excited about this? -On the flip side, what are some of the pitfalls of a FIRE strategy? -What is "Barista FIRE" and how is this different? -Why your risks can be magnified by retiring early, particularly "longevity risk." -How do FIRE enthusiasts flip the switch from saving and investing, to enjoying the fruits of their labor? *this episode was recorded in video format, and will soon be available on our channel: YouTube   Connect with Loren: Share More & Get in Touch Podcast Page   More from Jacob Schroeder: Substack | LinkedIn Kiplinger Articles

Welcome in as we wrap up our conversation with Isaiah Douglass of Swan Bitcoin. Be sure to check out Part One if you missed it, as we lay the groundwork by discussing what Bitcoin is, how it's different than the broad term "cryptocurrency," whether or not it's too late to invest, and much more! For today's episode, we tackle some of the below questions: -How does the current political landscape impact Bitcoin? -How much should investors allocate to Bitcoin? -Where could Bitcoin realistically get to in the next 10 years? -And since this has been a very pro-Bitcoin conversation, I ask Isaiah to present his strongest argument AGAINST Bitcoin. We will tackle additional challenges to Bitcoin in a future episode, but I found this interesting as Isaiah shared a concern that wasn't on my radar. *this episode was recorded in video format, and will soon be available on our channel: YouTube   Connect with Loren: Share More & Get in Touch Podcast Page   More from Isaiah Douglass: Twitter | LinkedIn Swan Private Learn Bitcoin (805) 410-3195

Welcome in as Isaiah Douglass of Swan Bitcoin joins the show, and we begin our two-part conversation on one of our most frequently requested topics- Bitcoin.   Questions we cover: -What is Bitcoin and why has it gained in popularity? -How is Bitcoin different from the broad term "cryptocurrency?" -What problems does Bitcoin solve? -What are the characteristics of an "ideal" currency? -Does Bitcoin have more of a track record than we might think? -How much of a portfolio should be allocated to Bitcoin? -Is it too late to invest in Bitcoin? *this episode was recorded in video format, and will soon be available on our channel: YouTube   Connect with Loren: Share More & Get in Touch Podcast Page   More from Isaiah Douglass: Twitter | LinkedIn Swan Private (805) 410-3195

Welcome in as my friend Neil Wilding joins the show to discuss the upcoming election, our country's budget obligations, and how taxes fit into this election and beyond. This is a bit of a marathon episode as we have a lot to cover, some of which includes: -discussion about "tax risk" -mandatory spending vs. discretionary spending -discussion about "legislative risk" -Tax Cuts & Jobs Act (TCJA) *this episode was recorded in video format, so if you'd like to watch, find us on YouTube   Connect with Loren: Share More & Get in Touch LinkedIn: Loren Sherman Podcast Page   More from Neil Wilding: Request Your Copy of “The New Holistic Retirement” *email Hello@IntegrityGuidance.com for your free copy

In today's episode, I have a conversation with a good friend and mentor, Terry Butler. Terry has a special talent for delivering his message with both accuracy and passion.  Today, Terry tells us how two of his passions intersected in Ghana, by sharing the good word and bringing clean water to a country in need. This is a conversation I'm sure you will enjoy, and if you feel moved to get involved, we've included links below where you can donate and learn more. *this episode was recorded in video format, so if you'd like to watch, find us on YouTube   Connect with Loren: Share More & Get in Touch LinkedIn: Loren Sherman Podcast Page   Donate to the clean-water cause: Make a Donation Learn More

In part II of my conversation with financial advisor Reed Rinderknecht, we discuss the firm he is with called Foster Group. Foster Group is right here in West Des Moines, Iowa, and has been serving the community since 1989 (with the name change to "Foster Group" in 2001). We talk about their process and investment philosophy, the type of clients they work best with, their fee structure, and much more. *this episode was recorded in video format, so if you'd like to watch, find us on YouTube   Connect with Loren: Share More & Get in Touch LinkedIn: Loren Sherman Podcast Page   Connect with Reed: Foster Group

Today I had the privilege of talking with Reed Rinderknecht of Foster Group in West Des Moines, Iowa. Reed brings a life experience that is tough to match, as he is the most tenured advisor at Foster Group, dating back to 1997. He also has a unique background as he's played for an Iowa Hawkeyes team that visited the Rose Bowl, competed in more than 80 triathlons, and has a love of flying, so he shares with us some of his experiences as a pilot. I hope you enjoy the conversation, and stick around for Part II where Reed tells us more about Foster Group and who they serve. And of course, don't hesitate to reach out if you have any questions or would like to connect with Reed. *this episode was recorded in video format, so if you'd like to watch, find us on YouTube   Connect with Loren: Share More & Get in Touch LinkedIn: Loren Sherman Podcast Page   Connect with Reed: Foster Group

For part II of my conversation with Jim Sandager, we talk about Jim's journey within the financial planning industry, and highlight his firm called Wealth Enhancement Group.  Enjoy the conversation, and don't hesitate to reach out if you have any additional questions for Jim. *this episode was recorded in video format, so if you'd like to watch, find us on YouTube   Connect with Loren: Share More & Get in Touch LinkedIn: Loren Sherman Podcast Page   Connect with Jim: Wealth Enhancement Group

This episode, I had the privilege of talking with Jim Sandager of Wealth Enhancement Group. We hold off on talking business until Part II of our conversation, and instead, discuss Jim's journey to Mt. Kilimanjaro. Jim shares with us his story of climbing Mount Kilimanjaro with his son in January of 2023. We talk about his preparation for the climb, the amazing experience itself, and the memories and lessons he learned that will stick with him for a lifetime. *This episode was recorded in video format, so if you'd like to watch, find us on YouTube Also, check out the show notes where you can find a PDF Jim was kind enough to share with us, which includes pictures and highlights 14 lessons to live by.   Connect with Loren: Share More & Get in Touch LinkedIn: Loren Sherman Podcast Page   Connect with Jim: Wealth Enhancement Group

This episode is part II with Adam Obrecht, founder and financial advisor of AO Wealth Advisory located in Urbandale, Iowa. We talk about the origin story of why Adam launched AO Wealth, the types of clients they work best with, and what makes them unique.  You can find more about AO Wealth Advisory via the link below. *this episode was recorded in video format, so if you'd like to watch, find us on YouTube   Connect with Loren: Share More & Get in Touch LinkedIn: Loren Sherman Podcast Page   Connect with Adam: AO Wealth Advisory

Today, I sit down with Adam Obrecht, who is the founder and a financial advisor with AO Wealth located in Urbandale, Iowa. But instead of discussing Adam's advisory firm just yet, we start with a conversation about one of Adam's passions, aviation. We talk about how Adam got his start into flying, and how others can get started if they would like to explore the hobby. We also talk about some of his most memorable flights, and what he's learned along the way.  If you are searching for an exciting new hobby, this episode just might be for you! *this episode was recorded in video format, so if you'd like to watch, find us on YouTube   Connect with Loren: Share More & Get in Touch LinkedIn: Loren Sherman Podcast Page   Connect with Adam: AO Wealth Advisory

In this episode, we continue the conversation with Jason Gunkel, who is a financial advisor with a West Des Moines firm called Syverson Strege. Jason gives us an overview of Syverson Strege, we talk about how they are unique and who they serve as clients, and Jason shares his plans for a podcast of his own, called Prayers & Profits. And although Syverson Strege is technically a competing firm, I have a lot of respect for Jason and the work they do. We understand that not everyone is going to be the right fit with Integrity Wealth Management, and in those cases, we'd rather point you in the direction of firms who may be a better fit. *this episode was recorded in video format, so if you'd like to watch, find us on YouTube   Connect with Loren: Share More & Get in Touch LinkedIn: Loren Sherman Podcast Page   Connect with Jason: Prayers & Profits- podcast coming soon Jason's Bio

In this episode, we have a friend and fellow financial advisor, Jason Gunkel join the show. In addition to being an advisor, Jason wears the hat of Chief Investment Officer at a West Des Moines financial firm called Syverson Strege. Syverson Strege has began to implement extended time off, or sabbaticals, as something their advisors can take advantage of. Last summer, Jason took his 6-week sabbatical away from work, and he was kind enough to share his experience and what he learned. And while Syverson Strege is technically a competing firm, I have a lot of respect for this group and the work they do. Our follow-up to this episode will be a Part II in which we let Jason talk more specifically about the firm, what they do, and who they work best with.  *this episode was recorded in video format, so if you'd like to watch, find us on YouTube   How To Rest- Sermon by Jeremy Johnson   Connect with Loren: Share More & Get in Touch LinkedIn: Loren Sherman Podcast Page   Connect with Jason: Prayers & Profits- podcast coming soon Jason's Bio

Last episode, we discussed RISA®- Retirement Income Style Awareness. If you haven't taken advantage of completing this for yourself, you can still do so here: RISA® Assessment On this episode, we wrap up with some follow up questions for Wade that you will not want to miss! Discussed on today's show: Wade shares his thoughts on annuities and if they should have a place in a person's retirement planning. Wade discusses the topic of reverse mortgages through the lens of financial planning, rather than as a "last resort." We then spend some time discussing the often used industry term "Fee-Only" and whether this truly eliminates conflicts of interest with an advisor.  We wrap up by discussing some commonly overlooked or misunderstood tax strategies for retirees- preferential income stacking, the Social Security tax torpedo, Medicare IRMAA, Required Minimum Distributions (RMDs), and how the "widow's penalty" can further disrupt your tax obligation if unaccounted for.   Connect with Loren: Share More & Get in Touch LinkedIn: Loren Sherman Podcast Page   Connect with Wade: Retire With Style Podcast Retirement Planning Guidebook (and more)

On this episode, I'm excited to share my conversation with Wade Pfau to discuss RISA®- Retirement Income Style Awareness. Wade is a bit of an icon in the financial planning space. If you want to dive deep into any financial topic, it's likely Wade has spent hours studying the research and can explain the pros, cons, and complexities of the situation. I've thoroughly enjoyed getting to know Wade, and I'm excited to share his RISA® technology with you.  As a special gift, we've also given listeners the opportunity to take the RISA® Assessment themselves. Thanks for listening, and I hope you enjoy! Discussed on today's show: We talk through Wade's journey to create RISA® and what surprised him during his research Wade explains how knowing your RISA® profile can help you tell if you're "speaking the same language" with others We then spend most of our time talking through the 4 RISA® profiles- where they overlap and where they differ  We wrap up this episode by discussing how the RISA® assessment helps advisors from imparting their own biases onto clients   Connect with Loren: Share More & Get in Touch LinkedIn: Loren Sherman Podcast Page   Connect with Wade: Retire With Style Podcast Retirement Planning Guidebook (and more)

This is certainly a different type of episode than others I've recorded, as the tables are turned and I am on the receiving end of questions. I had the opportunity to sit down with Dennis Mattern, who had lots of questions about our firm, Integrity Wealth Management. Dennis is a lot of fun to talk with and an absolute pro when it comes to the interview process, as he also has a podcast show of his own and is no stranger to the microphone. After sharing this episode with their audience, Dennis and his team were gracious enough to share their video with me. So not only is it a change of pace to be on the receiving end of questions, but this episode is also unique as you can watch the video of our conversation here: YouTube. Topics we cover on today's show: We start off (as we often do) explaining our unique fee structure, and how the phrase "we do well when you do well" can be misleading. We talk about who our firm is a good fit for (and what happens if we are not). We discuss tax planning, the importance of a fiduciary relationship, and if the term "fee-only" is really all that it's cracked up to be. We wrap up by coming full circle back to the topic of fees, and how clients get more excited about the money they save, not only when they see these funds grow in a separate account, but when they are earmarked for something exciting.  I hope you enjoy this episode! Connect with Loren: Share More & Get in Touch LinkedIn Video- Watch This Episode   Ps- if you would like to reach out directly or have an idea for a future show, connect with us at Hello@IntegrityGuidance.com 

For many retirees, donating and becoming involved with charities and those in need becomes an important part of their retirement. For some, this is where they find purpose beyond their working years. While there is likely an endless list of charities that would be worthy of highlighting, today we offer an overview of 5 charities that have been on my radar as of late. Perhaps you want to add these to your list, or maybe they will get you brainstorming in another direction altogether! Schedule an Intro Call with Loren   Charities discussed on today's show: Freedom for Youth Ministries  MOSAIC Trailhead International GlobeServe Ministries  One Family One Purpose   Charitable Giving Strategies- previous podcast episode   Connect with Loren: Share More & Get in Touch LinkedIn: Loren Sherman Podcast Page

Welcome back for the conclusion of my conversation with behavioral finance expert, Daniel Crosby. On this episode, we discuss the below questions and more. I hope you listen, share with others, and most of all, ENJOY! Questions discussed on today's show: Is it wise to "invest in what you know?" What can we learn from the Pepsi vs. Coke blind taste test? We've talked a lot about problems and headwinds we face, what are the solutions? As the old adage suggests, should we listen to our gut? How can we make the switch from saving all these years to retirement, to now spending our hard earned resources?   Connect with Loren: Share More & Get in Touch LinkedIn: Loren Sherman Podcast Page Email: Hello@IntegrityGuidance.com (put "Daniel Crosby" in the subject line to receive one of his books, as our gift to you)   Connect with Daniel Crosby: Standard Deviations Podcast The Behavioral Investor (book)

I'm excited to share this conversation with psychologist and behavioral finance expert, Dr. Daniel Crosby. We discuss the emotional components to money, some of the different biases we all hold that get in our way, and why we react so differently to bad news versus good news, particularly with markets in mind. Daniel is a natural storyteller, so he's able to take complex studies and research, and explain them in a way that is not only easy to understand, but captivating to listen to as well.    Connect with Loren: Share More & Get in Touch LinkedIn: Loren Sherman Podcast Page Email: Hello@IntegrityGuidance.com (put "Daniel Crosby" in the subject line to receive one of his books, as our gift to you)   Connect with Daniel Crosby: Standard Deviations Podcast The Behavioral Investor (book)

I had a fun conversation with coffee enthusiast Perry Ross, where we talk about how Perry first got into coffee, how to pick the right coffee bean for you, brewing tips, and much more! I like to sprinkle in non-financial episodes from time to time, as more retirees take up new hobbies after their non-working years. Perhaps after listening to my conversation with Perry, you will be inspired to add "coffee" to your list of hobbies! *Ps- as mentioned below, email me and we may even be able to get you a free bag of Perry's own coffee beans    Connect with Loren: Share More & Get in Touch LinkedIn: Loren Sherman Podcast Page Email: ShermanL@IntegrityGuidance.com (put "1724 coffee" in the subject line for a free bag of coffee on us)   Connect with Perry Ross: 1724 Coffee Company

After a little bit of a summer break, I'm excited to be back in front of the microphone with you! In this episode, I share some of what I've been up to this summer and give you a glimpse into a couple of "can't miss" interviews coming out soon. We also highlight 3 planning opportunities coming up soon: Medicare's "Annual Election Period" End-of-Year Tax Harvesting Who Benefits Most From a Roth Conversion We close up today's show by attempting to clear up some of the confusion between the terms "Fee-Only" and "Flat-Fee."   Connect with Loren: Share More & Get in Touch LinkedIn: Loren Sherman Podcast Page   Resources discussed on today's show: Medicare Readiness Report (Ep. 40) Tax Harvesting for Year-End (Ep. 18) Let's Get Clear About FEES (Ep. 22) Fee Conversation (Ep. 57)

Change is a necessary part of life, but one change most people don't expect to go through is a break-up with their financial advisor. It may seem like a strange topic to cover, but if that time ever comes, it's best to be prepared so you're not caught off guard. Aside from the process itself, we cover why people should consider a break-up with their advisor, as well as a few "not-so-good" reasons to break-up.   Connect with Loren: Share More & Get in Touch LinkedIn: Loren Sherman

This was a quick impromptu conversation, as I hopped on the mic on a recent visit down to Kansas City. I hope you enjoy, and I'd love to connect with you if any of this resonate with you personally! Connor and I discuss: How a marketing team can lighten the load for financial advisors Why I created a firm with a flat-fee structure, and who this is best suited for Why every firm says they offer "comprehensive" planning, but it's important to ask for examples to see what this looks like And finally, we've covered this in the past, but we reiterate why working with a Fiduciary is important, but how this can be a deceiving term when advisors act in both a sales and fiduciary responsibility   Connect with Loren: Share More & Get in Touch LinkedIn: Loren Sherman

In this part II interview with golf pro Eric Peyton, we cover some quick hitting listener questions.  Once again, most episodes will focus on the "wealthy" aspect of Healthy, Wealthy, & Wise, but I'm excited to sprinkle in some hobby-related topics too. If you're someone who has found themselves with more free time in retirement, or just love to golf, stick around for the conclusion of our conversation. Eric and I discuss: His favorite course and who he'd most like to play a round with The longest drive he's ever hit Golf tips that don't get applied correctly And more!   Connect with Loren: Share More & Get in Touch LinkedIn: Loren Sherman   Resources From Today's Show: Eric Peyton Golf- schedule a lesson  The Looper Podcast

This episode was a fun detour from our more common finance-related topics, as I had a chance to sit down with golf professional, Eric Peyton. Eric has been featured in a variety of golf publications, has his own podcast where he discusses all things golf, and gives indoor lessons to golfers of all skill levels wanting to improve their game. While most episodes focus on the "wealthy" aspect of Healthy, Wealthy, & Wise, I'm excited to sprinkle in some hobby-related topics. For many of us, our careers consume a large chunk of our time. In retirement, hobbies can play an important role and help continue to challenge us in new ways. Eric and I discuss: Eric's background and how he chose golf over other sports What a lesson with Eric looks like Tips for both the high and low handicapper How to become a better putter And much more!   Connect with Loren: Share More & Get in Touch LinkedIn: Loren Sherman   Resources From Today's Show: Eric Peyton Golf- schedule a lesson  The Looper Podcast     About our Guest: Eric has been a golf professional for about 17 years where he has been featured in a variety of golf publications, has his own podcast where he discusses all things golf, and gives indoor lessons to golfers of all skill levels wanting to improve their game.   Additional Resources: What is a Fiduciary? Healthy, Wealthy, & Wise Retirement Podcast Page  Healthy, Wealthy, & Wise Retirement YouTube

This episode is the conclusion of my conversation with founder and CEO of MaxMyInterest, Gary Zimmerman. I ask Gary who are their top competitors, his biggest challenges from the early days of creating Max, and you won't want to miss the end, as Gary shares some valuable insight into staying happy (and getting happier!) throughout your retirement years.   More about what we discuss: Why people might NOT use MaxMyInterest  Gary's "science fair" mindset that ultimately led him to question the traditional banking model    Some of the low-points and challenges in the early years of creating MaxMyInterest And we close up with Gary sharing the details of a fascinating study that perhaps holds the key to happiness later in life!   Connect with Loren: Share More & Get in Touch LinkedIn: Loren Sherman   Resources From Today's Show: Open a "MAX My Interest" account MaxMyInterest- webpage MaxMyInterest- FAQ MarketWatch- article   About our Guest: Gary Zimmerman is the founder and Chief Executive Officer of MaxMyInterest, an innovative company providing a patented approach to cash management. MaxMyInterest helps individual investors earn more on their cash holdings, while under the protection of FDIC insurance.   Additional Resources: What is a Fiduciary? Healthy, Wealthy, & Wise Retirement Podcast Page  Healthy, Wealthy, & Wise Retirement YouTube

This is a "can't miss" episode, as I sit down for a conversation with founder and CEO of MaxMyInterest, Gary Zimmerman. Gary shares why he started MaxMyInterest, how retirees can make this part of their income plan, and how you can add what he calls "super alpha" to your portfolio. This was a timely conversation, as more and more Americans are not only realizing the need to keep up with inflation, but to have the confidence their cash holdings are secure with FDIC insurance.    We discuss: How the idea for MaxMyInterest came to be and why it's so important to have FDIC insurance How MaxMyInterest can provide "super alpha," potentially adding tens of thousands of dollars to your retirement plan (or more!) Who benefits most from using MaxMyInterest And much more!   Connect with Loren: Schedule an Intro Call Email: Loren Sherman LinkedIn: Loren Sherman Share More & Get in Touch   Resources From Today's Show: Open a "MAX My Interest" account MaxMyInterest- webpage MaxMyInterest- FAQ MarketWatch- article   About our Guest: Gary Zimmerman is the founder and Chief Executive Officer of MaxMyInterest, an innovative company providing a patented approach to cash management. MaxMyInterest helps individual investors earn more on their cash holdings, while under the protection of FDIC insurance.   Additional Resources: What is a Fiduciary? Healthy, Wealthy, & Wise Retirement Podcast Page  Healthy, Wealthy, & Wise Retirement YouTube  

In this guest episode, we wrap up our conversation with Kiplinger writer Jacob Schroeder, where he shares "5 Reasons You'll Blow Up Your Retirement."    We discuss: Reason #4- “Your Life Changes – in a Big Way!”  Reason #5- “The World Changes – in a Big Way!” “If life can be so uncertain, then why make a retirement plan in the first place?” We wrap up our conversation with Jacob Schroeder, and tease the next episode with MaxMyInterest founder Gary Zimmerman.   Connect with Loren: Schedule an Intro Call Email: Loren Sherman LinkedIn: Loren Sherman Share More & Get in Touch   Connect with Jacob: LinkedIn Twitter Kiplinger Articles "Root of All" newsletter   Additional Resources: What is a Fiduciary? About Me Healthy, Wealthy, & Wise Retirement Podcast Page 

In this guest episode, Kiplinger writer Jacob Schroeder shares with us "5 Reasons You'll Blow Up Your Retirement."  Jacob's mission is to help people make more informed financial decisions and live happier lives. I think you'll hear from our conversation that Jacob's passion and wealth of knowledge on the topic shines through!  We discuss: Jacob's background and how he began writing about retirement and happiness in the first place Reason #1- “Your Retirement Reality Doesn't Meet Your Retirement Expectations.” Reason #2- “You Need a New Identity.” Reason #3- “You Experience a Health Problem.”  We also discuss what retirees can do about each of these reasons. We dive into the last two reasons on our next show!   Connect with Loren: Schedule an Intro Call Email: Loren Sherman LinkedIn: Loren Sherman Share More & Get in Touch   Connect with Jacob: LinkedIn Twitter Kiplinger Articles "Root of All" newsletter   Additional Resources: What is a Fiduciary? About Me Healthy, Wealthy, & Wise Retirement Podcast Page 

In this episode, I give a fresh new intro, then dive into the rebroadcast of an early episode where I walk through 6 lessons I learned from a pushup challenge I completed back in 2019, while I currently complete a one-month version here in 2023. While the pushup challenge itself can be fun and entertaining, what you'll really want to stick around for are the lessons learned and how to take action on each of them.    Loren discusses: Whatever is easy to do, is equally easy NOT to do Use momentum to your advantage Focus on your daily tasks and let the bigger goal take care of itself If you want to make big changes, don't be afraid to keep the magnifying lens focused on one spot long enough to start a fire Keep moving forward, even when it's not perfect Embrace discomfort      Connect with Loren: Schedule an Intro Call Email: Loren Sherman LinkedIn: Loren Sherman Share More & Get in Touch     Resources From Today's Show: How to Achieve Your Most Ambitious Goals (TED Talk) WMCP® Designation    Additional Resources: What is a Fiduciary? About Me Healthy, Wealthy, & Wise Retirement Podcast Page  Healthy, Wealthy, & Wise Retirement YouTube Additional Resources Discussed on the Show

"How will the Secure Act affect me?" This is a common question we are hearing from retirees, so in this episode, we tackle some of the primary changes the Secure Act 2.0 has introduced, as well as their impact to your retirement.   Loren discusses: *changes to the starting age in which distributions from retirement accounts are required, as well as how to push this back even further to age 85 in some cases *Reduction of penalties  *How those still working will have more flexibility both in the amount they contribute and situations in which they can withdraw retirement funds early if needed *A new option to roll 529 plans into a Roth IRA *What will this cost the Americans?    Connect with Loren: Schedule an Intro Call Email: Loren Sherman LinkedIn: Loren Sherman Share More & Get in Touch   Resources From Today's Show: Rearview vs Windshield Tax Planning Kiplinger Article- SECURE Act 2.0 Changes   Additional Resources: What is a Fiduciary? About Me Healthy, Wealthy, & Wise Retirement Podcast Page  Healthy, Wealthy, & Wise Retirement YouTube Additional Resources Discussed on the Show

Today, we dive into the second half of Healthy, Wealthy, & Wise Retirement episodes from the year 2022. Once again, we focus on only a few key takeaways from each. If you are the type who likes to the the key points without all of the detail, hopefully you will enjoy this year in review.   Schedule an Intro Call with Loren   Resources from today's show: Inflation- Issues to Consider 6 Life Changing Lessons QUIZ: "What Type of Giver Are You?" Risk Numbers- sample report Investment Personality- sample report Risk/Personality Assessment *complete to receive yours Medicare Readiness Report™ *complete to receive yours 7 Ways to Invalidate Your Will Five Charitable Giving Ideas 6 Lessons I've Learned 9 Considerations for RIAs RMD Checklist   What is a Fiduciary? About Me Podcast Page  For questions, comments, or to receive your own RETIREMENT RISKS ANALYSIS, you can start with a 2 minute quiz here: Share More & Get in Touch  You can also find Loren at shermanl@integrityguidance.com    Additional Resources Discussed on the Show Healthy, Wealthy, & Wise YouTube

Hopefully 2022 was a great year for you! Personally, I had a blast recording these episodes over the 12 months, and I thought taking a look back at a year's worth of episodes would be a fun way to start 2023.  In this episode, we cover roughly the first half of the year and focus on only a few key takeaways from each. If you are the type who likes to the the key points without all of the detail, hopefully you will enjoy this year in review.   Schedule an Intro Call with Loren Cheat-Sheets From Today's Show: Fee Audit Let's Get Clear About FEES GOALS Where Are You Still Using Single-Ply? Happy Money (part I) Happy Money (part II) 7 Commonly Asked Questions Tax Report (sample) What if God Wrote Your Bucket List? Timing the Market Social Security (decisions booklet) The Many Colors of Annuities   What is a Fiduciary? About Me Podcast Page  For questions, comments, or to receive your own RETIREMENT RISKS ANALYSIS, you can start with a 2 minute quiz here: Share More & Get in Touch  You can also find Loren at shermanl@integrityguidance.com    Additional Resources Discussed on the Show Healthy, Wealthy, & Wise YouTube

For this episode, we revisit the structure that it takes to set yourself up for success for the upcoming year. We go through a process that helps you identify what is most important, set promises to yourself, and then most importantly, keep these promises. Cheers to a great year!   Schedule an Intro Call with Loren   What is a Fiduciary? About Me Podcast Page  For questions, comments, or to receive your own RETIREMENT RISKS ANALYSIS, you can start with a 2 minute quiz here: Share More & Get in Touch  You can also find Loren at shermanl@integrityguidance.com    Additional Resources Discussed on the Show Healthy, Wealthy, & Wise YouTube

For this episode, we address the timely topic of RMDs (Required Minimum Distributions). Listen in, as we dive into 9 questions you should be considering when it comes to your RMD planning. Often one or two of these are overlooked, so let me know what you think and if you have any to add to our list!   Schedule an Intro Call with Loren 5 Tax Planning Opportunities- previous episode discussed on today's show   What is a Fiduciary? About Me Podcast Page  For questions, comments, or to receive your own RETIREMENT RISKS ANALYSIS, you can start with a 2 minute quiz here: Share More & Get in Touch  You can also find Loren at shermanl@integrityguidance.com    Additional Resources Discussed on the Show Healthy, Wealthy, & Wise YouTube

This episode is a curveball from the typical topics we discuss, as I wrote this one for other financial advisors rather than retirees. We talk about some of the benefits to starting your own firm, what niche you'd like to serve, how many clients fit on your "bus," what technology makes sense, if the term "fee-only" is necessary, and much more.  If you are not a financial advisor, perhaps this is a bit of a "peek behind the curtain" into some of the thoughts that go into starting a financial firm.    Schedule an Intro Call with Loren   What is a Fiduciary? About Me Podcast Page  For questions, comments, or to receive your own RETIREMENT RISKS ANALYSIS, you can start with a 2 minute quiz here: Share More & Get in Touch  You can also find Loren at shermanl@integrityguidance.com    Additional Resources Discussed on the Show Healthy, Wealthy, & Wise YouTube

On today's episode, I share a few things I've learned- some from life experiences, some excerpts from books I've read, and others from clients I've had the opportunity to learn from over the years. My goal is to inspire you to brainstorm some of your own lessons learned. Perhaps lessons you would like to pass along to your kids, grandkids, and future generations to come. As we say, a legacy is lived, not left. And one of the best ways to live your legacy to is share your experiences, your stories, and your time with those you care about most.   Schedule an Intro Call with Loren   What is a Fiduciary? About Me Podcast Page  For questions, comments, or to receive your own RETIREMENT RISKS ANALYSIS, you can start with a 2 minute quiz here: Share More & Get in Touch  You can also find Loren at shermanl@integrityguidance.com    Additional Resources Discussed on the Show Healthy, Wealthy, & Wise YouTube

For many retirees, donating and becoming involved with charities and those in need becomes an important part of their retirement. For some, this is where they find purpose beyond their working years. While there is likely an endless list of charities that would be worthy of highlighting, today we offer an overview of 5 charities that have been on my radar as of late. Perhaps you want to add these to your list, or maybe they will get you brainstorming in another direction altogether! Schedule an Intro Call with Loren   Charities discussed on today's show: Freedom for Youth Ministries  MOSAIC Trailhead International GlobeServe Ministries  One Family One Purpose   Charitable Giving Strategies- previous podcast episode   What is a Fiduciary? About Me Podcast Page  For questions, comments, or to receive your own RETIREMENT RISKS ANALYSIS, you can start with a 2 minute quiz here: Share More & Get in Touch  You can also find Loren at shermanl@integrityguidance.com    Additional Resources Discussed on the Show Healthy, Wealthy, & Wise YouTube

Today we take a different approach, looking at what NOT to do. Specifically, we will talk through 7 mistakes people make to accidentally invalidate their will. When it comes to your will, it's OK if you didn't "get it right" the first time, just as long as we have it right IN time, as there are no do-overs once you're gone. Schedule an Intro Call with Loren   Resources mentioned on today's show: Legal Docs Review   What is a Fiduciary? About Me Podcast Page  For questions, comments, or to receive your own RETIREMENT RISKS ANALYSIS, you can start with a 2 minute quiz here: Share More & Get in Touch  You can also find Loren at shermanl@integrityguidance.com    Additional Resources Discussed on the Show Healthy, Wealthy, & Wise YouTube

On today's episode, I share with you a high-level overview of the process our firm offers retirees each fall, called our Medicare Readiness Report™. In short, this is a simplified one-page report that cuts to the chase, showing prices and coverage for option #1, which we refer to as Traditional Medicare, compared with option #2 of Medicare Advantage. This one-page report only highlights the information that is most helpful, so you don't have to listen to a sales-pitch or read the 124 pages of your Medicare & You handbook. Be sure to take advantage of the Medicare Readiness link below if you'd like to receive your own report, personalized to your age, zip code, prescriptions and more! Schedule an Intro Call with Loren   Resources mentioned on today's show: Medicare Readiness Report™ (complete to receive yours) Prescription Drug "Cheat-Sheet" Medicare Advantage "Cheat-Sheet" 7 Medicare Questions "Cheat-Sheet"   What is a Fiduciary? About Me Podcast Page  For questions, comments, or to receive your own RETIREMENT RISKS ANALYSIS, you can start with a 2 minute quiz here: Share More & Get in Touch  You can also find Loren at shermanl@integrityguidance.com    Additional Resources Discussed on the Show Healthy, Wealthy, & Wise YouTube

So you have a low-cost, well-diversified portfolio, and you've even managed to invest within your risk tolerance. But do your investments align with your personality? Are they in sync with your beliefs and with the trends that you see evolving? On today's episode, we hop into our time machine to discuss how investment options have changed over the past 50 years. We then talk about why it can be important to have a connection to the companies and themes you believe in most. And last, we talk through how you can invest in these themes to personalize your portfolio and set yourself up for lasting success. Schedule an Intro Call with Loren   Resources mentioned on today's show: Investment Personality Link    What is a Fiduciary? About Me Podcast Page  For questions, comments, or to receive your own RETIREMENT RISKS ANALYSIS, you can start with a 2 minute quiz here: Share More & Get in Touch  You can also find Loren at shermanl@integrityguidance.com    Additional Resources Discussed on the Show Healthy, Wealthy, & Wise YouTube

Do you know your own risk numbers? If not, your portfolio might be out of whack, and it's easy to be frustrated by returns, frightened into cash holdings, and as a whole, it's harder to hit your retirement goals. We start off today's episode with a quick story about two farmers, Melvin and John. We next move into what our firm calls your "Risk Profile" made up of 3 scores: your risk preference, your risk capacity, and the risk score of your current portfolio. We finish up by talking through the PDF visual that you can find below by clicking "Additional Resources," and we offer you the opportunity to discover your own Risk Profile by completing the risk assessment linked below. Schedule an Intro Call with Loren   Resources mentioned on today's show: Risk Assessment Link Standard Deviation    What is a Fiduciary? About Me Podcast Page  For questions, comments, or to receive your own RETIREMENT RISKS ANALYSIS, you can start with a 2 minute quiz here: Share More & Get in Touch  You can also find Loren at shermanl@integrityguidance.com    Additional Resources Discussed on the Show Healthy, Wealthy, & Wise YouTube

On today's episode, we give a quick overview of the Inflation Reduction Act of 2022. We start off by reviewing a few past bills and how the title Congress gives a bill is often misleading. We then discuss some of what's in the bill, how this could impact you, and close up with a quick conversation of what we can do about it within our portfolios. Schedule an Intro Call with Loren   What is a Fiduciary? About Me Podcast Page  For questions, comments, or to receive your own RETIREMENT RISKS ANALYSIS, you can start with a 2 minute quiz here: Share More & Get in Touch  You can also find Loren at shermanl@integrityguidance.com    Additional Resources Discussed on the Show Healthy, Wealthy, & Wise YouTube

On today's episode, we talk through 5 reasons to give to charity. We then review a Schwab Charitable® article and discuss 8 Tax-Smart Strategies to maximize your gift. Schedule an Intro Call with Loren   Resources mentioned on today's show: ARTICLE: Tax Smart Philanthropy- We discuss this Schwab Charitable® article on today's episode, highlighting 8 Tax-Smart Strategies for charitable giving. QUIZ: "What Type of Giver Are You?"- this is an 8 question quiz that helps you understand your giving tendencies along with recommendations to maximize your gifts VIDEO: Vacation Bible School- if you fast forward to the 25-minute mark, you can see an overview of our experience and hear directly from the kids   What is a Fiduciary? About Me Podcast Page  For questions, comments, or to receive your own RETIREMENT RISKS ANALYSIS, you can start with a 2 minute quiz here: Share More & Get in Touch  You can also find Loren at shermanl@integrityguidance.com    Additional Resources Discussed on the Show Healthy, Wealthy, & Wise YouTube

On today's episode, we discuss a Kiplinger's article about two retirees who teamed up and discovered 6 life-changing lessons. They are passionate about sharing what they've learned with other retirees, as good ideas are meant to be shared.   Resources mentioned on today's show: 6 Life-Changing Lessons from 2 Retirees Who Are Changing Lives- this is Jacob Schroeder's article that we based today's talk about Creating a Biblically Based Retirement- we mentioned the overlap in lesson #1 with the teaching from this episode, which was based on Jeff Hannan's book "An Uncommon Guide to Retirement" Ed Jones/Age Wave study- we mentioned a couple of studies on retirement found here Happy Money- lesson #2 overlapped with some of the teachings we discussed in this episode The Fountain of Youth?- when discussing lesson #3, we referenced this episode where Robert Waldinger discusses a Harvard study on happiness   Schedule an Intro Call with Loren What is a Fiduciary? About Me Podcast Page  For questions, comments, or to receive your own RETIREMENT RISKS ANALYSIS, you can start with a 2 minute quiz here: Share More & Get in Touch  You can also find Loren at shermanl@integrityguidance.com    Additional Resources Discussed on the Show Healthy, Wealthy, & Wise YouTube

On today's episode, we talk through 7 principles for finding peace during unpeaceful markets. One thing is certain for investors- as much as we'd like the market to continually go up, we will be better off if we prepare for "when" not "if" the market will once again hit tough times in the future. Hopefully by arming you with these 7 principles, you will be better equipped for whenever that may be.    Resources mentioned on today's show: 12 Questions to Ask Your Financial Advisor-  we discussed the importance of setting up a financial plan, and if you choose to do this with an advisor, these questions can help you find the right one for you Roll with the Changes- Pastor Scott Rains discusses the science of change and how we can think more positively  Tax Harvesting- we discussed the importance of tax-loss harvesting when assets have dropped in value ShermanL@IntegrityGuidance.com email me with "Markets Cheat Sheet" in the subject line for today's cheat sheet (we have the Inflation Checklist attached already)   What is a Fiduciary? About Me Podcast Page (Schedule an Intro Call here) For questions, comments, or to receive your own RETIREMENT RISKS ANALYSIS, you can start with a 2 minute quiz here: Share More & Get in Touch  You can also find Loren at shermanl@integrityguidance.com    Additional Resources Discussed on the Show Healthy, Wealthy, & Wise YouTube

Today, we close out our talk about annuities with Part Two. We specifically cover variable annuities and long-term care annuities. We then finish up with 3 commonly asked questions where we cover the taxation of annuities, whether or not they are FDIC insured, and how commissions play a role with annuities. Reach out via email below if you would like a review of any annuities you currently own, or if you would like a complimentary RETIREMENT RISKS ANALYSIS, which is a one-page assessment of all 14 retirement risks, personalized to your situation.   Resources mentioned on today's show: 6 Long-Term Care Strategies (podcast) Let's Get Clear About FEES (podcast) Tax Harvesting (podcast) Tax Harvesting (newsletter article) What is a Fiduciary? About Me Podcast Page (Schedule an Intro Call here) For questions, comments, or to receive your own RETIREMENT RISKS ANALYSIS, you can start with a 2 minute quiz here: Share More & Get in Touch  You can also find Loren at shermanl@integrityguidance.com    Additional Resources Discussed on the Show Healthy, Wealthy, & Wise YouTube

Today, we cover Part One of our two week discussion about annuities. We offer a high-level overview of each type so that you can have more confidence determining if an annuity is right for you, or just as importantly, if it's not right for your situation. We also discuss the pros and cons of each, so that you can make the best educated decision for yourself. Annuities, the Good, the Bad, & the Ugly (podcast) Annuities, the Good, the Bad, & the Ugly (newsletter article)   What is a Fiduciary? About Me Podcast Page For questions, comments, or to receive your own RETIREMENT RISKS ANALYSIS, you can start with a 2 minute quiz here: Share More & Get in Touch  You can also find Loren at shermanl@integrityguidance.com    Additional Resources Discussed on the Show Healthy, Wealthy, & Wise YouTube

Figuring how to best claim your Social Security benefits can be a confusing and frustrating process. Instead of analyzing a bunch of numbers, we take a different approach on today's episode and talk through 3 scenarios of how others claimed their benefits. From there, we finish up with a 10-question quiz so you can test your knowledge. Be sure to stick around for #10, as this one surprises many retirees and advisors alike!   What is a Fiduciary? About Me Podcast Page For questions, comments, or to receive your own RETIREMENT RISKS ANALYSIS, you can start with a 2 minute quiz here: Share More & Get in Touch  You can also find Loren at shermanl@integrityguidance.com    Additional Resources Discussed on the Show Healthy, Wealthy, & Wise YouTube