Planning For Life

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Co-Founder of Guardian Investment & Accounting, Garry Thurman and Insurance and Retirement Advisor, Tyde Mcintosh give advice to those preparing for retirement.

Garry Thurman


    • Jun 4, 2021 LATEST EPISODE
    • every other week NEW EPISODES
    • 12m AVG DURATION
    • 29 EPISODES


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    Latest episodes from Planning For Life

    Episode 29: Planning on retiring with the next few years? Consider this checklist!

    Play Episode Listen Later Jun 4, 2021 14:44


    Understand your monthly spending and /or monthly budget Have a proper handle on your monthly income sources Don't forget about medical or health care cost Decide whether you are going to enlist the help of a financial professional Develop a written financial plan

    Episode 28: Four Methods to Help create an Income Stream in Retirement

    Play Episode Listen Later May 28, 2021 11:53


    Method #1- Systematic Withdrawal- Also know as the 4% withdrawal rule or “Goal-based” Method #2- Time-segmentation or “bucketing” Method #3- Income Flooring Method #4- Guaranteed Cash Flow planning  

    Episode 27: Help Simplify Your Retirement Plan

    Play Episode Listen Later May 21, 2021 13:48


    Why can retirement be so stressful? 1. Focus on the big picture, not just potential returns 2. Consolidate your accounts 3. Broad diversification 4. Automate your income 5. Strip your investment strategy down 6. Go green-paperless 7. Can a “bucket plan” help you?

    Episode 26: 5 Frequently Asked Retirement Questions

    Play Episode Listen Later Apr 30, 2021 14:27


    How much money do I need to retire? What is an RMD? How do taxes work with my social security and/or pension plan? How much could healthcare cost in retirement? When can I withdraw money from my retirement accounts?

    Episode 25: Why you may not retire on time. Four things to consider.

    Play Episode Listen Later Apr 16, 2021 11:04


    Stock market downturn at the wrong time Not enough diversification Fear of uncertainty Not enough monthly income

    Episode 24: 8 facts about annuities every retiree should know

    Play Episode Listen Later Apr 9, 2021 16:17


    What is an annuity? Immediate vs Deferred- the difference Does the beneficiary inherit your payment or your cash value? Do you have to annuitize your annuity to turn it into a income stream? Is there any insurance on the annuity or payment? How do the fees work? How do annuities earn interest? How does the insurance agent or financial advisor get paid for the annuity? Bonus! Do insurance agents or financial advisor have multiple options for annuities they can use?

    Episode 23: 7 Retirement Risks

    Play Episode Listen Later Apr 2, 2021 17:42


    Inflation Risk Longevity Risk Long-term illness/Chronic Illness Risk Rising health care cost Emotional/irrational investor behavior Losing money “safely” Sequence of return risk

    Episode 22: 4 money mistakes in retirement

    Play Episode Listen Later Mar 19, 2021 11:05


    Investing too conservatively Best way to approach the lump sum vs. pension decision Focusing on your assets instead of your retirement income Choosing the right Medicare plan

    Episode 21: Four choices every retiree has to make!

    Play Episode Listen Later Mar 5, 2021 12:56


    How long do you plan to work? What are some pros and cons? How long will your retirement last? Identifying income sources, tracking your expense, planning for inflation and managing risk! How will you generate income in retirement? Guaranteed income, Non-guaranteed income and Combination income! What is the ultimate purpose of your assets?

    Episode 20: Life-changing financial events-and what you should know about them!

    Play Episode Listen Later Feb 19, 2021 13:47


    What is a “financial milestone?” Age 55, age 59.5, Age 62, age 65, age 66-67, age 70 and age 72 What about Medicare and all it’s moving parts? Other financial milestones that change your life (College planning, marriage and divorce)

    Episode 19: The Three Phases of Your Financial Life

    Play Episode Listen Later Feb 12, 2021 12:40


    Accumulation Phase Preservation Phase Distribution Phase

    Episode 18: Financial Planning “Rules of Thumb”- Are they worth using?

    Play Episode Listen Later Jan 29, 2021 12:26


    Let’s define what “rule of thumb” really means Save 10% of your income rule Using your age to determine your risk/non risk allocations. “rule of 100” You will need 70-80% of working income in retirement 4% rule You need $1,000,000 at least to retire

    Episode 17: The biggest retirement challenges

    Play Episode Listen Later Jan 22, 2021 11:29


    1. Sequence of Return Risk and Stock Market Timing 2. Rising Cost of Health Care and Long Term Care 3. Outliving your nest egg 4. Inflation

    Episode 16: How to live a happy retirement!

    Play Episode Listen Later Jan 15, 2021 14:44


    Let’s define what happiness means Key steps: Define what you want out of your retirement Set your target date Develop an income plan Get a part time “fun” job Don’t get complacent

    Episode 15: The 5 years before you retire!

    Play Episode Listen Later Jan 8, 2021 11:49


    Time to “tighten-up” that budget Explore some consolidation efforts Payoff or reduce your debts Hire a financial planner Reduce your investment risk

    Episode 14: Common mistakes that could impact your retirement

    Play Episode Listen Later Dec 18, 2020 11:03


    Mistake #1- Underestimating your needs Mistake #2- Panic Selling Mistake #3- Not knowing what happens when you take money out of an account Mistake #4- Listening to the “hot tip” Don’t follow the herd-

    Episode 13: Why you might not need as much to retire as you are being told

    Play Episode Listen Later Dec 4, 2020 12:52


    What is the right number to focus on? Best method to determine where you stand? Creating a retirement budget and all if its moving parts! What about life’s variables? Are you prepared? What should you do?

    Episode 12: How to integrate the “3 worlds of money” into your retirement

    Play Episode Listen Later Nov 13, 2020 13:44


    Is there one superior financial vehicle to all others? Can I have money in only one world of money and still be successful? What financial vehicles should I consider once I retire? How can I invest my nest egg to help maximize my retirement income? Are there financial advisors that have access to all 3 worlds of money?

    Episode 11: Controlling your retirement fees!

    Play Episode Listen Later Nov 6, 2020 15:00


    How much does it cost to buy and sell stocks? Are all mutual funds loaded with commissions attached to them? What other type of fees are inside mutual funds? Why do ETF’s have lower expense ratios that most mutual funds? Do annuities have fees?

    Episode 10: Why you shouldn’t rely on Medicare for all healthcare costs in retirement

    Play Episode Listen Later Oct 30, 2020 13:00


    What exactly is Medicare and what all does it cover? What is the difference between Medicare part A, B, C and D? What is the difference between and Medigap plan and a Med Advantage Plan?

    Episode 9: 5 Key Factors to Help Determine How Much You Need to Retire

    Play Episode Listen Later Oct 16, 2020 9:55


    Avoiding assumptions What assumptions? The magic number, understanding your lifestyle, life expectancy, contingent assets, and inflations impact. How to determine how much you need to retire Key factors- creating a safety and growth bucket Health Care Debt

    Episode 8: Finding the Right Advisor in the Current Retirement Age

    Play Episode Listen Later Oct 9, 2020 11:46


    Why to old school retirement in ending The current retirement age Finding the right advisor What questions to ask that advisor.

    Episode 7: Psychological Phases of Retirement!

    Play Episode Listen Later Oct 2, 2020 12:06


    These are the 5 phases we will discuss- Imagination Anticipation Liberation Reorientation Reconciliation We will also discuss why it's never too late to plan for retirement, no matter how old you are!

    Episode 6: Ways to help make your money last throughout your lifetime!

    Play Episode Listen Later Sep 18, 2020 12:26


    reduce your fixed expenses keep earning income maximize social security if possible consider using programs that offer income for life don't overlook taxes protect your health and well being

    Episode 5: How retirement moving forward will be much different from your parents

    Play Episode Listen Later Sep 11, 2020 13:31


    We are living longer Pensions are becoming extinct Social Security Under Pressure Not knowing how to invest Interest rates are low Rising health care cost

    Episode 4: Retirement Risks That You Should Plan For

    Play Episode Listen Later Sep 4, 2020 12:21


    Stock Market Risk Sequence of return risk Longevity Risk Inflation risk Bond Risk/Interest Risk

    Episode 3: Is a pension buyout offer right for you?

    Play Episode Listen Later Aug 28, 2020 12:06


    Why companies are offering pension buyouts How does interest rates play a part in this? What about longevity and liability?

    Episode 2: Are you prepared for the next bear market?

    Play Episode Listen Later Feb 26, 2020 9:14


    Have you forgot about 2008? Are you in the retirement red zone? Have you considered the impact of needing long term care?

    Episode 1: Are you in your 40’s with no retirement plan?

    Play Episode Listen Later Sep 19, 2019 16:46


    1)   You are not alone    2)   Set a goal  (save more, spend less, work longer)   3)   Sooner you start the better

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