Retirement Money Team

What's your net net net worth..?? Figuring out your key financial numbers leading into 2022. Kick start your successful financial year by understanding what's going on today.   Article: https://money.usnews.com/money/personal-finance/saving-and-budgeting/articles/how-to-calculate-your-net-worth

Want more information for your specific life? Set a time to talk:  calendly.com/rodneypeters Submit a question or join the club: Hello@retirementmoneyteam.com Happy holidays to all from our team to you and your family we hope you're having a great end of year and in your enjoying it with friends and family. After the holiday season is over you often see the results of how much you actual spent when the credit card bill hits and the last thing we want is a larger bill after the holiday cheer wears off.  This episode we're going to cover 8 steps to help protect you during the last mad dash of spending. 

Want more information for your specific life? Set a time to talk:  calendly.com/rodneypeters Submit a question or join the club: Hello@retirementmoneyteam.com That's really what resolutions are about, winning  - to beat a bad habit or start a good habit – to win against all of the external and internal factors fighting against you. Well today we're going to highlight ways to learn from the past and put your finances in a position to win in the year 2022.   Article: https://money.usnews.com/money/personal-finance/saving-and-budgeting/slideshows/ways-to-improve-your-finances

Want more information for your specific life? Set a time to talk:  calendly.com/rodneypeters Submit a question or join the club: Hello@retirementmoneyteam.com Setting up for your retirement? Well, how do you execute on your goals? This show will cover 5 steps. 1) How much can you save 2) Timing.. when do you plan to retire 3) Reduction of Debt 4) Guaranteed Income Streams 5) What lifestyle do you want   Articles: https://www.fidelity.com/viewpoints/retirement/how-much-do-i-need-to-retire https://www.investopedia.com/retirement/how-much-you-should-have-saved-age/ https://www.forbes.com/advisor/retirement/retirement-planning-how-to-get-out-of-debt-before-retirement/

Want more information for your specific life? Set a time to talk:  calendly.com/rodneypeters Submit a question or join the club: Hello@retirementmoneyteam.com Taxes! Yes – we're back on the trail of updated taxes, specifically diving into changes coming our way in the year 2022.   Articles: https://www.irs.gov/newsroom/irs-provides-tax-inflation-adjustments-for-tax-year-2022 https://www.investopedia.com/irs-announces-tax-brackets-and-other-inflation-adjustments-for-tax-year-2022-5209190 https://taxfoundation.org/2022-tax-brackets/ https://turbotax.intuit.com/tax-tips/estates/the-gift-tax-made-simple/L5tGWVC8N

Want more information for your specific life? Set a time to talk:  calendly.com/rodneypeters Submit a question or join the club: Hello@retirementmoneyteam.com Taxes! They just keep changing, they're hard to understand and in the end we don't want to pay more taxes than we have to. So, this episode will outline a few updates for THIS YEAR 2021...  Care to learn about inflation and what that's doing to some tax decisions - stay tuned into this episode and next week's about tax updates for NEXT YEAR 2022. Articles: https://www.irs.gov/newsroom/irs-provides-tax-inflation-adjustments-for-tax-year-2022 https://www.kiplinger.com/taxes/tax-law/603037/tax-changes-and-key-amounts-for-the-2021-tax-year  

Want more information? Set a time to talk:  calendly.com/rodneypeters Submit a question or join the club: Hello@retirementmoneyteam.com What does it mean if the conservative part of their portfolio (the bonds) are not holding up their end of the bargain? Picture a seasaw your kids or grandkids play on. When one side goes down the other side goes up. Well, that's how bonds and interest rates work. When interest rates go up, bonds go down.  Don't just expect your retirement accounts to react the same way they have in the past. It's time to check out what could happen to the  "conservative" pieces of your account. Article: https://www.marketwatch.com/story/investors-see-a-risk-that-the-bond-market-has-got-it-dead-wrong-about-inflation-11626468764?mod=home-page https://www.bankrate.com/banking/cds/historical-cd-interest-rates/

Want more information? Set a time to talk:  calendly.com/rodneypeters Submit a question or join the club: Hello@retirementmoneyteam.com What's a biggest threat to your investment account growing – inflation or the economy slowing down? What if both happened. What if you thought inflation was going to be the large hurdle and decided to adjust your investments to match typical inflation threats. Or, you decided the economy has to slow down before real inflation hits and you drive your investments down a different road. Maybe now is a great time to check if your accounts have the right balance or if they have drifted away. It's time to check if your money is taking on too much risk, or if you're positioned where there's not a lot of upside when the markets are doing well.    Article: https://www.marketwatch.com/story/a-crazy-week-for-u-s-stocks-came-with-a-change-in-the-market-narrative-should-investors-believe-it-11625865324?mod=home-page  

Want more information? Set a time to talk:  calendly.com/rodneypeters Submit a question or join the club: Hello@retirementmoneyteam.com   We have some good inflation news - the annual cost-of-living adjustment (COLA) for the 69 million Americans on Social Security will receive its biggest bump since 1983 – almost 40 years in the making.   The cost-of-living-adjustment was amped up because inflation for goods you and I need each day are coming with a higher price tag. No doubt you felt the pain at the gas pump or wondered why it seems soo expensive for your weekly run to the grocery store.  The average cost-of-living adjustment is right around 2%, so this super increase is making a splash in 2022. On the other side of this increase is the looming uncertainty of a potential Social Security cut in 2035.   Articles:  https://www.cnbc.com/2021/07/14/social-security-cost-of-living-increase-for-2022-may-be-largest-in-decades.html?__source=iosappshare%7Ccom.apple.UIKit.activity.Mail https://www.ssa.gov/policy/docs/ssb/v70n3/v70n3p111.html

Want more information for your specific life? Set a time to talk:  calendly.com/rodneypeters Submit a question or join the club: Hello@retirementmoneyteam.com Since the beginning of the stock market, there has always been a worry that the bottom is going to fall out. For most of us, it's human nature to think about what potentially may harm us and figure out how to combat that threat.  It's been widely documented that the stock market is a great way of creating wealth over an extended period of time. The trouble comes from looking at the immediate future and how your life changes if the market were to lose 10% / 20% / 30%.  So, what do you do? Structuring your short-term and long-term plans are essential for survival. Not sure for your money, but for you mental health.    Article: https://www.marketwatch.com/story/what-to-expect-if-peak-everything-already-has-happened-and-markets-feel-the-force-of-gravity-again-11625262358?mod=home-page

Want more information for your specific life? Set a time to talk:  calendly.com/rodneypeters Submit a question or join the club: Hello@retirementmoneyteam.com We're all looking around wishing life was the same, but knowing it's just not. For a lot of people that means reevaluating what they do for 40 hours a week. Should you continue working because it's a paying job, or is it time to find the job you actually want? What's important to you: working from home / high income / flexibility/ culture / reduced stress / being challenged? Assessing what is important to you now and in the future can help with your overall happiness and potentially get you out of the rut you're currently in.  Article: https://www.cnbc.com/2021/06/29/more-people-plan-to-quit-as-return-to-work-plans-go-into-effect-.html  

Want more information for your specific life? Set a time to talk:  calendly.com/rodneypeters Submit a question or join the club: Hello@retirementmoneyteam.com Life at times is overwhelming; work, kids, grandkids, friends, staying healthy.. at times it all seems to be too much.  What about your "financial life" money, saving, spending, credit cards, short term, long term... how do you make sense of what you should do first and what can wait. Can you really do it all at the same time? If you're feeling stuck and not making the progress you hoped for, maybe simplifying and organizing your priorities can help.  Article:    https://www.morningstar.com/articles/868718/get-financial-advice-first-investment-advice-later

Want more information for your specific life? Set a time to talk:  calendly.com/rodneypeters Submit a question or join the club: Hello@retirementmoneyteam.com We have a deal!  Now, what does it mean for you as an investor and us as a country. How exactly will the infrastructure enhancements work and how long will it take? Exactly long far does the bill stretch and how are we paying for it? Still plenty of questions on the table to be ironed out.  Articles to reference: https://www.marketwatch.com/story/infrastructure-and-the-stock-market-heres-what-the-1-trillion-deal-means-11624571570?mod=home-page https://www.marketwatch.com/story/momentum-grows-for-2-step-strategy-on-infrastructure-as-11-republican-senators-back-bipartisan-plan-11623941980?mod=article_inline&mod=article_inline  

Want more information for your specific life? Set a time to talk:  calendly.com/rodneypeters Submit a question or join the club: Hello@retirementmoneyteam.com Are you exhausted just by hearing the words Covid-19 or pandemic? I know I am. We're well over 1.5 years since it hit the news headlines.  When you hear the word retirement, most think about a point in time where you have worked long enough and because you saved a certain amount of money now you can have your freedom. Since the pandemic we're seeing more focus on some of the softer sides of life. How to enjoy family and sincerely count our blessings. What's more important to you? The amount of money you have in retirement or the amount of happiness? Article: https://www.investmentnews.com/rethinking-retirement-wake-pandemic-207658

Want more information for your specific life? Set a time to talk:  calendly.com/rodneypeters Submit a question or join the club: Hello@retirementmoneyteam.com What are your unique abilities? Outside of your daily job, do you have ways to generate additional cash? Call it your side hustle or small business, lots of people are finding ways to pad their pockets.  Yes, renting out real estate is still popular and some might even decide to flip homes and make it their next career. Others leverage previous purchases, finding ways to rent out and earn additional income. How about an RV or even a swimming pool! If you're not using them, maybe someone else will pay you so they can.  Article: https://money.com/earn-extra-income-in-retirement-rent-rv-pool/  

Want more information for your specific life? Set a time to talk: calendly.com/rodneypeters Submit a question or join the club: Hello@retirementmoneyteam.com Let's all be honest... we have all procrastinated at some point or specifically around one event / action. I mean who really wants to clean out the gutters or sit down with an attorney and complete you Will? Sometimes waiting gives you more options.. and sometimes it makes it much hard to deal with the few options left.  Religion, politics and money – typically the three segments of our lives we shouldn't talk about. Not sharing with others or not having an open adult conversation could lead to assumption. Mostly because there is soo much emotion and internal feels that surround each topic. Looking back, maybe we should have better lines of communication around these very important pillars of our country. Possibly it would invite a better understanding of one another. Timing is everything.. and no I'm not talking about timing the stock market. Not wasting time for your money to work for you and your plan to evolve with you - that's the timing you should care about.  Article: https://www.advisorperspectives.com/articles/2021/06/10/overcoming-client-procrastination-with-financial-planning?bt_ee=CCthEqt6PWY1RppvYqRH%2BkB%2B7hvyDIPWr6hSe4eRDws%3D&bt_ts=1624097015190&utm_campaign=&utm_content=&utm_medium=email&utm_source=boomtrain&utm_term=

Want more information for your specific life? Set a time to talk:  calendly.com/rodneypeters Submit a question or join the club: Hello@retirementmoneyteam.com How do you retire? What are the actual steps of walking away from you paying job and taking over your freedom of time.  What exactly is "retire with more confidence"? Confidence around what.... is it around your money lasting? Or, maybe confident that your timeline is structured just right. You have social security and/or your pensions working exactly the way they should. How do you create the confidence around something you dreamed about, but no one has every really put the manual in front of you? Let's start building that much needed confidence together as a community! Article: https://article.smartasset.com/worst-way-to-withdraw-1/?utm_source=yahoo&utm_campaign=yah__falc_content_worstway_ios_621&utm_content=36808780721&utm_term=FINANCE_APP  

Want more information for your specific life? Set a time to talk:  calendly.com/rodneypeters Submit a question or join the club: Hello@retirementmoneyteam.com You may have noticed over the past couple years that the price of homes have continuously increased. In facts it can seem eerily similar to 2006 and the beginning of the last housing bubble. So, is history repeating itself? Are we in for a roller coaster of emotions and financial harm across the country? Sometimes the details of what happened previous are hard to remember. So, what exactly cause the last bubble and are we repeating sins from the past... or is this real estate market driven by something different? Articles: https://www.bloomberg.com/news/articles/2021-06-10/real-estate-prices-are-soaring-but-there-s-no-sign-of-a-housing-bubble https://www.agc.org/sites/default/files/AGC%202021%20Inflation%20Alert%20-%20Ver1.1.pdf https://www.yahoo.com/now/lumber-prices-surged-happened-end-195358325.html#:~:text=In%20just%20one%20year%2C%20the,prices%20for%20this%20crucial%20commodity https://www.cnbc.com/2021/05/06/copper-is-the-new-oil-and-could-hit-20000-per-ton-analysts-say.html

Ask to join the club: Hello@retirementmoneyteam.com It's official - we're old. The number of people 65 and older outnumbered children under age 5 for the first time in history in the US. This information is supplied by Jo Ann Jenkins the CEO of AARP and the article is below.  Our ability to live longer, healthier, more productive lives is one of humankind's greatest accomplishments. Over the next two decades, the number of people age 65 and older will nearly double making up 1 in 5 Americans. Is your retirement focused on a few years, or have you realized you just might spend 30 wonderful and happy years in retirement? Now, are you saving for just a few years or for a few decades? Maybe you have looked around and realized you should expect more out of retirement. We will dive into the subjects of aging / retirement / enjoy life while retired.  Barron's Article:        https://www.barrons.com/articles/rethink-aging-retirement-51621024227?mod=hp_WOMEN

Ask to join the club: Hello@retirementmoneyteam.com Will the party continue? Overall the stock market has been on a tear over the past decade. So, that will continue for the next decade -right? Well, maybe... or maybe not.  It's easy to get excited when every other day hits a new record high. All to often we forget this thing isn't on auto-pilot.  This episode covers 3 pillars on why the S&P 500 has been doing soo well, and outlines what needs to take place in order for the stock market benchmark to stay on track.  Here are two article from MarketWatch that helps outline what's happening and what could happen in the near future.   3 Pillars of the S&P 500 How Will Small-Cap Stocks Play Out?

This episode dives in to the topic of retirement income planning, or a more real life term (Spending Plan). This is an extremely  popular subject for advisors across the country to write and speak about.  So, why I is it soo popular? Is it because of the multitude of options and varying opinions?      Maybe it's so popular because of the emotional ties we all when it comes to feeling safe and secure about our money. As you trade your pay-check with freedom, retirees start to focus on exactly how will they pay themselves in retirement. These thoughts are covered on a weekly and monthly mindset. We will cover four unique income strategies for today's retirees.  Start receiving the weekly newsletter - click and email  hello@retirementmoneyteam.com