Take Back Retirement

"In a blended family, fairness and mutual understanding are key, especially when navigating the complexities of prenuptial and postnuptial agreements.” -Donna Kendrick   Navigating love after loss or divorce comes with a host of emotional and financial complexities, especially when blending families.   Our hosts, Stephanie McCullough and Kevin Gaines, speak with Donna Kendrick, a financial planner who has lived through these transitions herself. After losing her husband unexpectedly, Donna rebuilt her life and career with a mission to help families in flux—widows, divorcées, and newly blended households.   She shares how combining lives means combining financial baggage too, from income disparities and home equity dilemmas to prenups, life insurance, and estate planning. Donna's candid story highlights the power of transparency and empathy in financial conversations, especially when trust has been tested.   Her advice? Begin with individual clarity—define your needs, wants, and non-negotiables—then collaborate with your partner.   Donna emphasizes the importance of communication, fairness, and ongoing adjustment as life evolves. Her blend of financial savvy and emotional wisdom offers a powerful reminder: managing money in remarriage is less about spreadsheets and more about mutual understanding.   Key Topics: Donna Kendrick's Story (00:00) Reprioritizing Your Beneficiaries in a Blended Family (12:30) Why Donna Decided to Remarry (16:01) Letting Your Kids Know About Their Future Financial Realities (21:16) Factors When Considering Remarriage (27:28) What Donna Did Wrong During the Process (and What She Did Right) (32:18) Key Takeaways (37:31)   Resources: Connect with Donna Widow, Wisdom & Wealth Podcast Take Back Retirement Ep 109: Remarriage & Money: Janice Guinn Joins the Conversation on Love, Legalities, and Life Planning     If you like what you've been hearing, we invite you to subscribe on your favorite platform and leave us a review. Tell us what you love about this episode! Or better yet, tell us what you want to hear more of in the future. stephanie@sofiafinancial.com   You can find the transcript and more information about this episode at www.takebackretirement.com.   Follow Stephanie on Twitter, Facebook, YouTube and LinkedIn.  Follow Kevin on Twitter, Facebook, YouTube and LinkedIn.

Our hosts Stephanie McCullough and Kevin Gaines sit down with Steve and Jill Marshall of Silver Path Consulting to discuss all things future care, from housing, to finance, to family support.   Jill and Steve lament the current lack of societal preparedness for a growing senior population, often referred to as a “silver tsunami” that's growing bigger each year.   They stress the importance of starting early discussions about aging within families, the benefits and drawbacks of different living arrangements, and an effective way to handle comprehensive information and resource management between the adult children of aging parents.   The Marshalls also discuss essential legal documents like wills, durable power of attorney, and healthcare power of attorney. Drawing from the recent tragic situation around the passing of Gene Hackman and his wife, they also discuss some technological solutions that adult children can use to facilitate elder care and the value of expert consultation to provide neutral, third-party advice that can ease family tensions.   Key Topics: Preparing for the Silver Tsunami (04:47) How to Talk About Future Living Arrangements with Your Aging Parents (10:39) Discussing the Costs of Future Care (17:00) Role Modeling to Your Children the Right Way to Prepare for Future Care (23:07) What Most People Overlook (28:06) Ensuring Everyone in the Family Has a Role (32:30) The Gene Hackman Case (38:53) Steps You Can Take Today to Secure Your Aging Parents' Future (45:12)   Resources: Silver Path Consulting Take Back Retirement Ep. 74: Taking Charge: Carol Marak's Strategy for Solo Aging and Retirement Planning Take Back Retirement Ep. 83: Combatting Fraud and Protecting Your Financial Future with AARP's Kathy Stokes     If you like what you've been hearing, we invite you to subscribe on your favorite platform and leave us a review. Tell us what you love about this episode! Or better yet, tell us what you want to hear more of in the future. stephanie@sofiafinancial.com   You can find the transcript and more information about this episode at www.takebackretirement.com.   Follow Stephanie on Twitter, Facebook, YouTube and LinkedIn.  Follow Kevin on Twitter, Facebook, YouTube and LinkedIn.

Congratulations on your remarriage! How do you ensure that your finances are in order as you step into this next phase of your life?   Our hosts Stephanie McCullough and Kevin Gaines explore the vital legal and financial considerations of remarriage, from beneficiary designations to tax implications, with guidance from fellow Financial Planner at Sofia Financial, Janice Guinn!   There are legal considerations aplenty when deciding between cohabitation and remarriage. Money talks can often be the elephant in the room, but they're essential for maintaining harmony in marriage. A partner's reluctance to engage in these conversations could be a red flag. Financial transparency is key to building a healthy and lasting partnership.   Our hosts also get into the nitty-gritty on taxes and retirement plans, trusts and long-term care, as well as pre and post-nuptial agreements!   Key Topics: The Most Important Step: Discussing Your Goals and Expectations (04:10) Financial Obligations to Children and Parents When Remarrying (08:39) Joint or Separate Bank Accounts? (16:16) Long-Term Care as You Age (20:00) Estate Planning and Pre/Post-Nuptial Agreements (23:02) How Remarriage Impacts Your Taxes (31:12) “If You Are Under 60, Think Twice About Getting Remarried.” (41:06) Retirement Plans and Beneficiaries (45:00) To Marry or Cohabit? (55:55) What About Trusts? (1:00:22)   Resources: Take Back Retirement Episode 66: Transform Your Relationship with Money: Lessons from Bari Tessler Take Back Retirement Episode 43: The Psychology of Money and Marriage with Special Guest Ed Coambs Take Back Retirement Episode 31: What the Heck is a Trust, and Why Might I Need One?     If you like what you've been hearing, we invite you to subscribe on your favorite platform and leave us a review. Tell us what you love about this episode! Or better yet, tell us what you want to hear more of in the future. stephanie@sofiafinancial.com   You can find the transcript and more information about this episode at www.takebackretirement.com.   Follow Stephanie on Twitter, Facebook, YouTube and LinkedIn.  Follow Kevin on Twitter, Facebook, YouTube and LinkedIn.

There is no one right way to retire. Even if you don't do everything you had hoped to do, you can still build a plan so that you can do more of the things you want and less of the stuff you don't. In this episode, we're Taking Back Retirement by redefining the old image and definition of this phase of life. Our hosts Stephanie McCullough and Kevin Gaines break it down in this rerun episode dating back to episode 2 from 2020.   Key topics: Redefining Retirement to What YOU Want to do  (02:12) When Things Don't Go According to Plan (07:34) How Technology is Changing Retirement (10:19) Being Realistic (12:24) Other Ways You Can Make Money While Retired (14:05) Preparing for Your #2ndHalfPlan (15:31)     If you like what you've been hearing, we invite you to subscribe on your favorite platform and leave us a review. Tell us what you love about this episode! Or better yet, tell us what you want to hear more of in the future. stephanie@sofiafinancial.com   You can find the transcript and more information about this episode at www.takebackretirement.com.   Follow Stephanie on Twitter, Facebook, YouTube and LinkedIn.  Follow Kevin on Twitter, Facebook, YouTube and LinkedIn.

“It's nice to get millions when you're 65, but wouldn't it be better if you gave [your children], say, 10s of 1000s when they are in their 20s and 30s?” -Meir Statman   Our hosts, Stephanie McCullough and Kevin Gaines, are joined by world-renowned behavioral finance expert Dr. Meir Statman to explore the intricate dance between human behavior and financial decision-making!   Dr. Statman is a pioneer in the world of behavioral finance, currently serving as a professor and researcher at Santa Clara University. He attempts to understand how people make financial choices and how those choices are reflected in financial markets.   Listen in as Dr. Statman unpacks the cognitive and emotional shortcuts we often take when making financial decisions, and challenges the traditional economic views that advocate for purely rational financial choices.   He also introduces his latest book, "A Wealth of Wellbeing," which offers a human-centered approach to finance, and shares his personal journey from traditional to behavioral research–complete with anecdotes that bring his theories to life!   “Spend money, don't waste it.”   Dr. Statman explores the link between our money mindset and wellbeing, drawing insights from sociology, psychology, and economics. He explains how we can align our aspirations with present realities, encouraging thoughtful sacrifices today for financial independence tomorrow.   From pursuing your vocation, to engaging in meaningful philanthropy, to striking that elusive balance between saving and spending, Dr. Statman traces the path to a life well lived–not just in the quantity of years, but in their quality!     Key Topics: Why Dr. Statman Wrote His New Book (00:00) Dividends Versus Capital Appreciation (07:09) The Connection Between Finance and Wellbeing (20:00) The Problem with Oversaving (29:31) How Much Self-Control Is Too Much? (38:48) “How About Our Four-Legged Friends?” (41:03) Addressing the Fear of Your Kids Dying Before You (48:51) How Society's Attitude Towards Money Has Changed Over the Decades (56:27)   Resources: Dr. Meir Statman on LinkedIn A Wealth of Well-Being (book)     If you like what you've been hearing, we invite you to subscribe on your favorite platform and leave us a review. Tell us what you love about this episode! Or better yet, tell us what you want to hear more of in the future. stephanie@sofiafinancial.com   You can find the transcript and more information about this episode at www.takebackretirement.com.   Follow Stephanie on Twitter, Facebook, YouTube and LinkedIn.  Follow Kevin on Twitter, Facebook, YouTube and LinkedIn.

Picture a world where your money isn't controlled by any government, but rather exists in the form of digital code. That's the idea behind Bitcoin and cryptocurrency, where freedom meets cryptography, and transactions are recorded transparently on a blockchain.   But we get it–to those looking to add cryptocurrency to their portfolio, the subject of decentralized finance can be pretty intimidating. Our hosts, Stephanie McCullough and Kevin Gaines break it down with special guest Marianne Borneman, founder of Access Tax Solutions, the home of Real Clear Tax Advice.   They look into how Bitcoin differs from traditional money, dissecting its digital nature and the security measures you need to protect your assets. From choosing reputable digital wallets to setting up complex passwords, they guide us through safeguarding your investments in this new financial frontier.   Understanding the tax implications of your Bitcoin transactions is essential to avoid unwanted surprises. Our hosts and Marianne share practical scenarios illustrating the importance of documenting every purchase and sale, and how using Bitcoin as a gift or payment can impact your tax obligations. Whether you hold physical assets or prefer investing through ETFs, they explain how these choices affect your tax strategy and what to watch out for in terms of legal and security challenges.   Ever wondered what it takes to mine Bitcoin or why it's often compared to gold? They dive into all that, including where it actually derives value from. They explore the concept of scarcity and how collective belief underpins currency value, drawing parallels between Bitcoin and precious metals like gold. In wrapping, they discuss the most common frauds and scams to watch out for as you navigate the world of crypto!   Key Topics: “What the Heck is Bitcoin?” (0:25) How Safe is Crypto? (07:50) How to Use Cryptocurrency (11:21) Crypto and Taxes (18:35) Owning Physical Assets Versus ETFs (30:16) Common Crypto Scams (33:36) Bitcoin Mining (47:41) When Does a Crypto Transaction Qualify as a Taxable Event? (54:51) Where Does Bitcoin Derive Value From? (59:58)   Resources: Learn more about Kathleen Marianne Borneman and her services here Take Back Retirement #83: Combatting Fraud and Protecting Your Financial Future with AARP's Kathy Stokes   If you like what you've been hearing, we invite you to subscribe on your favorite platform and leave us a review. Tell us what you love about this episode! Or better yet, tell us what you want to hear more of in the future. stephanie@sofiafinancial.com   You can find the transcript and more information about this episode at www.takebackretirement.com.   Follow Stephanie on Twitter, Facebook, YouTube and LinkedIn.  Follow Kevin on Twitter, Facebook, YouTube and LinkedIn.

“It really does cost us in terms of our ability to learn about money, embrace failure, the mistakes that we made and we learn from them, to actually get closer to the people in our lives, whether that is our adult children, whether that's a partner, whether that's a friend. So there's a lot of ways in which money silence kind of keeps us locked up in a way that I don't think is useful.” - Kathleen Burns Kingsbury   Our hosts Stephanie McCullough and Kevin Gaines invite Kathleen Burns Kingsbury back to the show. She brings her invaluable expertise as a money mindset coach to discuss societal pressures women typically face regarding finances.   With the re-release of her book "Breaking Money Silence," Kathleen offers fresh insights, focused on empowering women to break their silence around money discussions both in the home and the workplace.   Kathleen kicks things off by exploring the psychological obstacles to financial empowerment. Roadblocks like guilt, fear of being seen as greedy, and imposter syndrome frequently obstruct the path to confidence for many women–and men.   She reminds us that it's important to surround yourself with mentors and peers who respect individual needs and foster an environment free of money shame. It all begins with open and authentic conversations.   Kathleen teaches that it's important to build your own "financial dream team" that prioritizes relationships over sales. She unpacks the art of leveraging each partner's strengths, in addition to open communication, in order to minimize money arguments and bring couples closer to their financial dreams!   Key Topics: Why Kathleen is Re-Releasing “Breaking Money Silence” (3:16) “What is My Relationship with Money?” (7:14) How Do Your Financial Beliefs Serve or Sabotage You? (14:12) The Human Side of Finance (18:38) Building Financial Knowledge (26:10) Managing Money as a Couple (29:14) What About Single Women? (36:43)   Resources: Learn more about Kathleen Burns Kingsbury and her services at www.kbkwealthconnection.com   If you like what you've been hearing, we invite you to subscribe on your favorite platform and leave us a review. Tell us what you love about this episode! Or better yet, tell us what you want to hear more of in the future. stephanie@sofiafinancial.com   You can find the transcript and more information about this episode at www.takebackretirement.com.   Follow Stephanie on Twitter, Facebook, YouTube and LinkedIn.  Follow Kevin on Twitter, Facebook, YouTube and LinkedIn.

Volatility and recession and crashes! Oh, my! Today, our hosts Stephanie McCullough and Kevin Gaines give their best strategies for successful investing when the world's feeling dangerous.   They kick things off with some pointers on riding out market ups and downs. It all comes down to sticking to a long-term investment plan, no matter what's happening around you. Remember the 2008 financial crisis? Stephanie and Kevin talk about how markets always bounce back and why it's best not to fret over the dramatic headlines.   They also discuss ways to manage your wealth during short-term crises. It's important to keep a nice stash of cash for those “just in case” moments, such as being between jobs or moving to a new city. Knowing your expenses inside and out is a big confidence booster, making you feel more in control when life throws those curveballs.   Stephanie and Kevin also detail the importance of having open money talks with your family. Talking through retirement savings and possible inheritances with your loved ones can keep future surprises at bay.   Our hosts wrap up by breaking down the difference between market sentiments vis à vis economic realities, hammering home the all-important lesson that investing is a marathon, not a sprint!   Key Topics: A Note on Scary Headlines (00:00) The Market as a “Discounting Mechanism” (07:11) Knowing When to Cash Out and When to Reenter the Market (14:28) “How Bad Do You Really Think It's Going to Get?” (19:19) Preparing for Short-Term Emergencies (22:09) Having Money Conversations with Your Loved Ones (29:45)   Resources: Elm Wealth Crystal Ball Trading Game Take Back Retirement Ep 64: What is Money Insurance? Take Back Retirement Ep 66: Transform Your Relationship with Money: Lessons from Bari Tessler     If you like what you've been hearing, we invite you to subscribe on your favorite platform and leave us a review. Tell us what you love about this episode! Or better yet, tell us what you want to hear more of in the future. stephanie@sofiafinancial.com   You can find the transcript and more information about this episode at www.takebackretirement.com.   Follow Stephanie on Twitter, Facebook, YouTube and LinkedIn.  Follow Kevin on Twitter, Facebook, YouTube and LinkedIn.

Our hosts Stephanie McCullough and Kevin Gaines discuss the emotional side of money management with Meghan Dwyer, a Certified Financial Planner and the host of the "Money Isn't Scary" Podcast.   Meghan's vision-mission is all about challenging societal norms and empowering women to take charge of their finances with confidence. She helps us uncover the hidden emotional influences that shape our financial decisions and shares her insights on moving from a mindset of fear to one of abundance.   “How we earn our money is emotional,” says Meghan. “How we spend our money is emotional. How and why we save our money is emotional.”   Our hosts and Meghan explore how our feelings around money are often inherited from past generations. Meghan emphasizes the importance of gaining clarity around, and processing, these emotional roots to make more informed money choices. She discusses the societal pressures of consumerism and the lack of financial education that can leave many feeling anxious or ashamed about their financial literacy.   “Your relationship with money is parallel with your relationship with yourself.”   Self-reflection helps us in aligning our financial decisions with personal values. Through practical exercises, Meghan teaches us how to identify our core values—whether it's family, adventure, or otherwise—and ensure our spending aligns with what truly matters to us.   Meghan also stresses the importance of self-compassion, especially when our financial choices don't perfectly align with our values. She encourages us to embrace emotional triggers as tools for growth and to focus on what money can achieve in terms of our values, rather than just its numeric worth.   Key Topics: What Stands in Our Way When It Comes to Financial Wellness? (3:36) “Money is Emotional!” (12:55) Minimizing Overwhelm When Beginning Your Money Healing Journey (19:28) The Importance of Knowing Your Values (24:55) Rewriting Our Money Stories and Beliefs (32:53) Avoiding the Comparison Trap (40:04) Stephanie and Kevin's Key Takeaways (45:06)   Resources: Money Isn't Scary Podcast Money Isn't Scary Website     If you like what you've been hearing, we invite you to subscribe on your favorite platform and leave us a review. Tell us what you love about this episode! Or better yet, tell us what you want to hear more of in the future. stephanie@sofiafinancial.com   You can find the transcript and more information about this episode at www.takebackretirement.com.   Follow Stephanie on Twitter, Facebook, YouTube and LinkedIn.  Follow Kevin on Twitter, Facebook, YouTube and LinkedIn.

“Prevention is better than cure. Don't feel overwhelmed by all this. Would you remove your own kidney? You would go to a professional to get it done.” -Denise Appleby   Renowned IRA and retirement plans expert Denise Appleby joins our hosts Stephanie McCullough and Kevin Gaines for a crucial conversation on managing your retirement accounts effectively, especially as 2024 comes to a close.   Having trained thousands of financial, tax, and legal professionals, Denise shares her invaluable insights on year-end retirement planning strategies, covering the complexities of Required Minimum Distributions (RMDs) and the potential pitfalls of rollovers.   They talk about the challenges family members face when inheriting IRAs and handling 401(k) withdrawals, including those aged 73 and older.   In addition to RMDs, they also cover Roth conversions and Qualified Charitable Distributions (QCDs), giving you much-needed clarity on suitability assessments and precise reporting needs.   Denise explains the differences between transfers and rollovers, providing real-life examples of costly mistakes and IRS penalties that typically come from common misunderstandings. By sharing these cautionary tales, Denise demonstrates the importance of consulting knowledgeable financial advisors to guide you through these often-daunting processes, ensuring your retirement plan remains on track!   Key Topics: How to Manage Your Retirement Accounts Before the Year Ends (3:38) Navigating IRS Publications and Regulations (10:18) What's Eligible for a Rollover? (22:38) Understanding Beneficiary IRAs and R&D (27:30) Direct Versus Indirect Roth Conversions (38:28) A Primer on Qualified Charitable Distributions (46:42) Stephanie and Kevin's Key Takeaways (59:45)   Resources: DeniseAppleby.com Take Back Retirement Episode 12: What Women Need to Know About IRA's, with Sarah Brenner Take Back Retirement Episode 20: Women + Roth IRA's – What Should You Be Aware Of? Take Back Retirement Episode 58: Secure Act 2.0: New Retirement Account Rules, Same Old Message! Take Back Retirement Episode 78: The Essential Rules to Know When You Inherit an IRA     If you like what you've been hearing, we invite you to subscribe on your favorite platform and leave us a review. Tell us what you love about this episode! Or better yet, tell us what you want to hear more of in the future. stephanie@sofiafinancial.com   You can find the transcript and more information about this episode at www.takebackretirement.com.   Follow Stephanie on Twitter, Facebook, YouTube and LinkedIn.  Follow Kevin on Twitter, Facebook, YouTube and LinkedIn.

Our hosts Stephanie McCullough and Kevin Gaines sit down with Pam Starsia, who swapped her corporate lawyer gig for the world of estate planning, and now runs a firm alongside her husband. Once a pro in high-stakes mergers and acquisitions, Pam's now all about creating personalized, relationship-focused estate plans. Listen in as she takes us through the sometimes-tricky and always-emotional landscape of family legacy planning.   “If you have the resources to pay for help, do so. You deserve it.”   Pam unpacks the Personal Family Lawyer model she follows, which emphasizes the human side of legal advice to meet a family's evolving needs. Her insights help us balance the emotional and practical sides of family legacy planning, offering a new take on the whole process beyond just writing a will.   When dealing with clients, Pam's all-in on personal touch. Our hosts and Pam chat about the emotional twists that can pop up, like sibling dynamics and particularly sentimental items. She dishes out practical tips for navigating these situations, reducing conflicts, and making sure everyone in the family gets a say.   They also explore some unique aspects of estate planning, like the question of your furry friends, and Pam gives us the lowdown on setting up options like pet trusts to ensure they're cared for in the future. She reminds us that estate planning isn't just a one-time deal—it's an ongoing process that adapts to changing laws, relationships, and life situations.   Key Topics: From Corporate Lawyer to Estate Planning Attorney (3:31) The Advantages of the Personal Family Lawyer Model (9:45) Staying Accountable as an Estate Planning Attorney (15:46) Being Thorough with Clients (25:28) The Challenge of Working with the “Sandwich Generation” (31:37) Dealing with Joint Trustees (34:30) Pet Trusts: Making Sure Your Fur Babies Aren't Forgotten! (39:46) Why It Literally Pays to Plan with an Attorney (47:44) Stephanie and Kevin's Key Takeaways (50:10)   Resources: Starsia Law Website Starsia Law on Facebook Starsia Law on Instagram Starsia Law on LinkedIn PersonalFamilyLawer.com if outside of NY Who Gets Grandma's Yellow Pie Plate? (Article)     If you like what you've been hearing, we invite you to subscribe on your favorite platform and leave us a review. Tell us what you love about this episode! Or better yet, tell us what you want to hear more of in the future. stephanie@sofiafinancial.com   You can find the transcript and more information about this episode at www.takebackretirement.com.   Follow Stephanie on Twitter, Facebook, YouTube and LinkedIn.  Follow Kevin on Twitter, Facebook, YouTube and LinkedIn.

“We're nothing if not resourceful. That's our generation's superpower.” -Kevin   In celebration of the 100th episode of Take Back Retirement, our hosts Stephanie and Kevin Gaines reflect on the defining characteristics of their very own generation–Gen X–and key lessons that women in this age bracket can put into practice today in preparing for retirement.   From the seismic shift from pensions to 401(k) plans, to navigating the rollercoaster of financial events like the 1987 Black Monday and the dot-com bubble at the turn of the century, today's conversation explores the pivotal moments that molded an entire generation's approach to financial planning.   Our hosts shed light on the realities of midlife day-to-days in the 2020s, from dealing with the fallout of being the “Sandwich Generation” to considerations around financially supporting family members amid shaky times.   At the same time, Stephanie and Kevin celebrate the unique brand of resourcefulness that defines GenX, emphasizing their quest to find “balance, flexibility, and self-determination.”   Key Topics: The Defining Characteristics of GenXers (5:14) Why GenXers are More Cautious with Money (10:11) The “Sandwich Generation” (12:41) “How Do We Deal With All This Crap?” (18:05) Accepting That You Can't Control Everything (22:28) Financially Supporting Family (32:02) Key Takeaways (34:12)     Resources: Leave a Voice Memo for Take Back Retirement Personal Financial Inventory Downloadable Resource Take Back Retirement Ep 15: What Women Need to Know About Social Security Take Back Retirement Ep 82: Getting the Most from Social Security: Smart Strategies for Women with Heather Schreiber Take Back Retirement Ep 21: Simplifying Medicare: What's Important For You To Know with Susan Sloan Take Back Retirement Ep 14: What Women Need to Know About Caregiving and Elder Law with Cathy Sikorski     If you like what you've been hearing, we invite you to subscribe on your favorite platform and leave us a review. Tell us what you love about this episode! Or better yet, tell us what you want to hear more of in the future. stephanie@sofiafinancial.com   You can find the transcript and more information about this episode at www.takebackretirement.com.   Follow Stephanie on Twitter, Facebook, YouTube and LinkedIn.  Follow Kevin on Twitter, Facebook, YouTube and LinkedIn.

“Suddenly you've got to create the content of your life, and that's a completely new enterprise for most people we work with, and it's scary until you can get your hands in the clay and feel confident about having a process.” -Elizabeth Parsons   How do you deal with the massive shift that comes with stepping away from a high-powered career and into retirement?   Our hosts Stephanie McCullough and Kevin Gaines chat with Elizabeth Zelinka Parsons, founder of Encoraco, who has dedicated her life to guiding high achievers through the emotional and psychological challenges of retirement.   After leaving behind a prestigious legal career, Elizabeth was left feeling listless and incomplete. It was her relentless drive to rekindle that sense of purpose that led her to found a company that helps men and women just like her experience a “positive and empowered transition” into their post-career life.   Listen in as Elizabeth teaches us how to overcome the loss of identity and structural void that often accompany retirement. She discusses the art of designing a Life Mosaic, ways to recognize what's missing from your day-to-day, the importance of grieving the end of a career, and why it's time for all of us to redefine the traditional notion of retirement!   Key Topics: Elizabeth's Career and Post-Career Journey (3:47)  Elizabeth's Typical Client (09:16)  Finding New Ways to Channel Your Professional Skills (19:03)  Why it's Important to “Grieve” The Loss Of Your Career (20:39)  Existential versus Categorical Identity (28:00)  Consider Navigating Retirement with a Buddy! (32:22)  Metrics for Success (37:06)  Key Takeaways (41:50)   Resources: Learn more about Elizabeth Zelinka Parsons and Encoraco at www.encoraco.com Pre-order Elizabeth's Book “Encore: A High Achiever's Guide to Thriving in Retirement”   If you like what you've been hearing, we invite you to subscribe on your favorite platform and leave us a review. Tell us what you love about this episode! Or better yet, tell us what you want to hear more of in the future. stephanie@sofiafinancial.com   You can find the transcript and more information about this episode at www.takebackretirement.com.   Follow Stephanie on Twitter, Facebook, YouTube and LinkedIn.  Follow Kevin on Twitter, Facebook, YouTube and LinkedIn.

“Age is just another journey that we need to learn to love and embrace, and see as the gift it is!”   Our hosts Stephanie McCullough and Kevin Gaines are joined by Ande Lyons, host of the Don't Be Caged by Your Age podcast. She's redefining what it means to thrive after 65, and teaches us how to combat ageism at every level—whether it's institutional, societal, or internalized.   Finding and maintaining confidence and a sense of purpose in retirement is seldom easy. Ande gives us tips to stay engaged in later life, as well as essential steps for financial and mental wellness, all in order to ensure a life in retirement that's worth the journey.   Our hosts and Ande also dive deep into the mindset shift that allows us to "age out loud.” Learn how platforms like Meetup.com can help build communities that bridge age gaps, and hear inspiring personal anecdotes about overcoming self-imposed limitations to pursue new passions after 65.   As Ande says, by embracing and reframing how we see those golden years, we open ourselves up to the possibility of new beginnings, renewed health and vigor, and exciting adventures that we never would have dreamed of pursuing in pre-retirement!   Key Topics: Internalized Ageism… What the Heck Does that Mean? (3:30) Overcoming Internalized Ageism (11:08) Managing your Energy Portfolio and “Aging Out Loud” (21:55) Finding Interest Groups with Meetup.com (27:37) “Ambition is Ageless!” (34:12) Key Takeaways (42:40)   Resources: Ande Lyons on LinkedIn Don't Be Caged By Your Age (podcast) Take Back Retirement Ep 83: Combatting Fraud and Protecting Your Financial Future with AARP's Kathy Stokes Thelma (movie)     If you like what you've been hearing, we invite you to subscribe on your favorite platform and leave us a review. Tell us what you love about this episode! Or better yet, tell us what you want to hear more of in the future. stephanie@sofiafinancial.com   You can find the transcript and more information about this episode at www.takebackretirement.com.   Follow Stephanie on Twitter, Facebook, YouTube and LinkedIn.  Follow Kevin on Twitter, Facebook, YouTube and LinkedIn.

“Most pre-retirees and retirees need and want help with the critical retirement decisions they face, but they're not always certain where to find it.”   Is your retirement plan only scratching the surface? Our hosts Stephanie McCullough and Kevin Gaines uncover the common pitfalls that have kept retirees unprepared for the realities of their post-work years.   Drawing from the groundbreaking Stanford Center on Longevity study entitled Disconnected: Reality Versus Perception in Retirement Planning, Stephanie and Kevin talk about why it's imperative to envision and plan for all aspects of retirement—beyond just your finances.   Learn how to overcome the natural human instincts that cause us to overlook important retirement considerations, and how to find advice specific to your unique life circumstances.   Our hosts also explain why retirement is a process rather than a destination, and how embracing flexibility can reduce financial stress and increase peace of mind. They explore how personal stories and periodic reminders can keep you on track, and why working with a real financial planner can provide invaluable holistic guidance.     Key Topics: Envisioning Your Later Years (4:56) “Human Beings Are Bad at Money.” (11:02) Overcoming Our Self-Imposed Planning Barriers (12:57) Just Yank the Bandaid Off! (15:20) Implementation Costs (19:30) Finding Advice Specific to You and Minimizing Uncertainty About Your Future (21:30) Which Of These Sentences Makes You Most Inspired to do Retirement Planning? (24:25) Financial Advisor vs “Stock Jockey” (28:45) Planning for Contingencies (30:02)   Resources: The study by Stanford Center on Longevity entitled Disconnected: Reality Versus Perception in Retirement Planning Take Back Retirement Episode 7: Here's a Secret: We're Guessing, and That's OK Take Back Retirement Episode 95: Ready to Retire? Here are Five Crucial Questions to Ask Yourself     If you like what you've been hearing, we invite you to subscribe on your favorite platform and leave us a review. Tell us what you love about this episode! Or better yet, tell us what you want to hear more of in the future. stephanie@sofiafinancial.com   You can find the transcript and more information about this episode at www.takebackretirement.com.   Follow Stephanie on Twitter, Facebook, YouTube and LinkedIn.  Follow Kevin on Twitter, Facebook, YouTube and LinkedIn.

"Financial infidelity is in the category of infidelity and the root of it is a hiding and a lying about the truth."   Join our hosts Stephanie McCullough and Kevin Gaines as they chat with Jess Bost, CFP at Lake Avenue Financial. She's spent over 15 years coaching people to get from where they are to where they want to be. It's a passion that finds its roots in her inspiring journey to overcome her own financial struggles.   For Jess, those struggles revolved around one of the toughest periods in her life: dealing with financial infidelity. Listen in as she opens up about the moment she discovered that her partner had been living a financial double-life–hiding mounting credit card debts, separate bank accounts, and loans that eventually led to their separation.   Jess reflects on how the shock of that revelation compelled her to take ownership of her finances, leading her down a path into the world of financial services and, thankfully, eventual reconciliation with her partner.   Through Jess's experiences, you'll learn why it's so important to get clear about your strengths and weaknesses around financial management, as well as, if applicable, those of your partner. Jess is a staunch advocate for no-nonsense, transparent dialogue between spouses, especially early on in the relationship.   By getting clear about each other's money management roles in marriage, you'll be able to nip financial infidelity in the bud!   Key Topics: Jess's Journey to Financial Services (3:56) Dealing with Her Partner's Financial Infidelity (12:36) What Makes a Great Financial Advisor? (19:01) Defining Financial Infidelity (24:17) Figuring Out Your Own and Your Partner's Ability to Manage Finances (35:20) Changing Mindsets and Beliefs Around Money through Financial Therapy (41:04) How to Deal with Financial Infidelity (44:07) Stephanie's and Kevin's Wrap-Up (49:26)   Resources: JessBost.com Jess Bost on LinkedIn Take Back Retirement #66: Transform Your Relationship with Money: Lessons from Bari Tessler   If you like what you've been hearing, we invite you to subscribe on your favorite platform and leave us a review. Tell us what you love about this episode! Or better yet, tell us what you want to hear more of in the future. stephanie@sofiafinancial.com   You can find the transcript and more information about this episode at www.takebackretirement.com.   Follow Stephanie on Twitter, Facebook, YouTube and LinkedIn.  Follow Kevin on Twitter, Facebook, YouTube and LinkedIn.

“We believe that a simpler financial life, a less fraught financial life is one where you align your dollars with what's most important to you, with the life you want to lead, with your values.” - Stephanie Have you ever found yourself asking if the perfect moment to retire will ever come? Or whether you'll even have enough to live on when that moment arrives?   These are tough questions that countless people grapple with. Our hosts Stephanie McCullough and Kevin Gaines talk ‘purposeful retirement' and how you can set goals and navigate your post-work life with flexibility and a foolproof strategy!   They introduce five essential questions to help align your financial resources with your desired retirement lifestyle. By understanding why you are retiring, what you want to do, who you are retiring for, where you want to spend your later years, and how things can change going forward, you forge a path that is both fulfilling and financially stable!   Stephanie and Kevin show how meaningful planning can prevent the pitfalls of an aimless life in retirement. They introduce the concept of "time bucketing," which helps in making the most of your newly available hours.   You'll also learn how to navigate common obstacles around our limited medical infrastructure and how to find the perfect retirement community. Find out how to pivot with grace and realign your priorities when you're (inevitably) faced with changes along your retirement journey!   Key Topics: Why are you retiring? (4:47) What do you want to do? (11:10) Who are you doing this for? (13:45) Where do you want to do this? (19:07) How can things change? (24:09) Overcoming reluctance to spend your savings (31:18)   Resources: Take Back Retirement #74: Taking Charge: Carol Marak's Strategy for Solo Aging and Retirement Planning   If you like what you've been hearing, we invite you to subscribe on your favorite platform and leave us a review. Tell us what you love about this episode! Or better yet, tell us what you want to hear more of in the future. stephanie@sofiafinancial.com   You can find the transcript and more information about this episode at www.takebackretirement.com.   Follow Stephanie on Twitter, Facebook, YouTube and LinkedIn.  Follow Kevin on Twitter, Facebook, YouTube and LinkedIn.

“Think about practicing for retirement long before you get there.” -Mary Jo Hoffman   Our hosts Stephanie McCullough and Kevin Gaines sit down with aeronautical engineer-turned-artist Mary Jo Hoffman. Renowned for her captivating photography project, Still, Mary Jo shares her extraordinary journey from a 17-year career as a scientist into becoming a renowned essayist and found nature photographer!   Discover the pivotal moment when Mary Jo and her husband decided to switch roles in their professional lives, allowing her to fully embrace her creative passions. She talks about her spur-of-the-moment family move to France, which offered a cultural immersion for their children and a glimpse into what retirement could look like for her.   Balancing family life with a burgeoning creative career is no small feat. Mary Jo explains how she was able to integrate her newfound passion into her daily routine, and her secrets to staying productive as a creative while also being a stay-at-home parent.   They also delve into the practicalities of sustaining a creative career without compromising financial stability. Learn how living below your means can create the space needed for artistic endeavors.   Stephanie, Kevin, and Mary Jo touch on the importance of exploring various interests in preparation for retirement. According to Mary Jo, adaptability and thoughtful planning are non-negotiables on the road to a rewarding post-career life!   Key Topics: Practicing Retirement (0:03:38)  Diving Headfirst into the Arts in Retirement (0:14:56)  Being a Creative and Raising Kids (0:19:25)  “Start Now and Start Soon!” (0:25:27)  Monetizing Her Art and Writing Her First Book (0:31:24)  “Taking a Picture a Day” (0:44:28)  Why Mary Jo Had to Retire Before Becoming a Found Nature Photographer (0:48:27)  What Most Retirees Love to Do (0:53:29)  Our Closing Thoughts (0:56:58)   Resources: Mary Jo on Instagram STILL (blog) STILL: The Art of Noticing (book) Take Back Retirement Episode 87: Cultivating Creative Connections for Lifelong Wellness with Claire Waite Brown Take Back Retirement Episode 16: She Did It! Real Retirement Stories with Lori Osterberg     If you like what you've been hearing, we invite you to subscribe on your favorite platform and leave us a review. Tell us what you love about this episode! Or better yet, tell us what you want to hear more of in the future. stephanie@sofiafinancial.com   You can find the transcript and more information about this episode at www.takebackretirement.com.   Follow Stephanie on Twitter, Facebook, YouTube and LinkedIn.  Follow Kevin on Twitter, Facebook, YouTube and LinkedIn.

“It wasn't nearly as traumatic for me as I was expecting it to be. I was a little concerned about how I would transition from having to get up and having that routine to creating a new one.” - Sharon   Welcome to another edition of Real Retirement Stories - a series of Take Back Retirement. Our hosts Stephanie McCullough and Kevin Gaines chat with Sharon Johnson. After an illustrious 22-year career as an executive assistant at ABC Television, Sharon didn't slow down—instead, she switched gears and found a new calling co-hosting the 80s TV Ladies Podcast. Join in to hear her incredible journey from the bustling world of television execs to the equally dynamic realm of podcasting, where she revisits iconic 80s TV shows with a modern feminist perspective. Sharon's story is a testament to the transformative power of embracing change and finding joy in unexpected places.   Sharon originally envisioned her retirement as a time for travel and catching up on missed TV series, but life had other plans. Through her podcast, she rekindled her love for classic 80s shows like "A Different World," gaining fresh insights into the progressive roles women played both in front and behind the camera. Sharon also shares her serendipitous entry into the television industry in the mid-90s, working for an independent production company, and how those experiences shaped her understanding of TV production and storytelling.   Whether you're intrigued by the behind-the-scenes workings of TV production or the fresh perspectives that come with retirement, Sharon's story is a celebration of staying active, engaged, and ever-curious. Don't miss this inspiring episode filled with nostalgia, wisdom, and the boundless opportunities that come with retirement.     Key Topics: Sharon's Original Plan for Retirement (04:07) 80s TV Shows and their Portrayal of Women (06:29) TV Industry Changes and Experiences of Women Behind the Camera (11:35) Retirement Concerns and Health Insurance Planning (17:27) Retirement and Transition from Office to Remote Work During COVID-19 (22:01) Analyzing Programs such as Grey's Anatomy and Remington Steele (25:56) Retirement Planning, Identity, and Transition (37:37) Stephanie and Kevin's Wrap-Up (43:13)     Resources: 80s TV Ladies Podcast     If you like what you've been hearing, we invite you to subscribe on your favorite platform and leave us a review. Tell us what you love about this episode! Or better yet, tell us what you want to hear more of in the future. stephanie@sofiafinancial.com   You can find the transcript and more information about this episode at www.takebackretirement.com.   Follow Stephanie on Twitter, Facebook, YouTube and LinkedIn.  Follow Kevin on Twitter, Facebook, YouTube and LinkedIn.

“Each dollar today buys less than the same dollar did 10 years ago. Which is why a lot of financial advisors are so focused on helping clients grow their money over time. It's not to become wealthy and die with the most money, it's because the cost of living goes up over time.” - Stephanie   Our hosts Stephanie McCullough and Kevin Gaines demystify the often-frustrating world of inflation and its daily impact on our wallets. They dive into how rising prices sneakily erode your purchasing power and why this is a crucial consideration for your financial plans, especially when eyeing retirement. Stephanie and Kevin shed light on how personal spending patterns can differ from the inflation rates reported in the news, making it essential to tailor your investment strategies to your unique lifestyle.   They also explore the intricate dance between inflation and interest rates, breaking down how the Federal Reserve's moves can affect everything from your savings account to your mortgage rates. As they transition to retirement planning, Stephanie and Kevin bust the myth that retirees should play it ultra-safe with their investments.   Learn why incorporating growth assets like stocks is critical to outpacing inflation and ensuring long-term financial security. Plus, discover the benefits of flexible spending and part-time income to make your retirement savings last longer. Don't miss this insightful episode packed with practical advice for safeguarding your financial future.   Key Topics: Inflation, its Definition, and its Impact on Personal Finance (02:19) How Inflation is Measured and its Impact on the Economy (03:45) How Inflation Impacts Retirement Planning + Mapping Financial Projections (11:34) Inflation, Retirement Savings, and Investments (22:33) Retirement Planning and Accounting for Inflation (29:59)   Resources: Take Back Retirement Episode 15: What Women Need to Know About Social Security Take Back Retirement Episode 82: Getting the Most from Social Security: Smart Strategies for Women with Heather Schreiber Take Back Retirement Episode 60: What Women Need to Know About Annuities Take Back Retirement Episode 7: Here's a Secret: We're Guessing, and That's OK       If you like what you've been hearing, we invite you to subscribe on your favorite platform and leave us a review. Tell us what you love about this episode! Or better yet, tell us what you want to hear more of in the future. stephanie@sofiafinancial.com   You can find the transcript and more information about this episode at www.takebackretirement.com.   Follow Stephanie on Twitter, Facebook, YouTube and LinkedIn.  Follow Kevin on Twitter, Facebook, YouTube and LinkedIn.

“If the average life expectancy for a woman is around 86, 87, fully 50% of women live longer than that. So, you can't plan just to age 87.”   Can a simple quiz change the way you think about retirement? Our hosts Stephanie McCullough and Kevin Gaines uncover the hidden gems (and not-so-shiny stones) within retirement planning quizzes and surveys, especially a revealing retirement income literacy quiz from the American College of Financial Services. Our hosts dismantle common myths, like the idea that Medicaid will seamlessly cover long-term care costs, and arm you with the knowledge to navigate these complex waters.   Have you ever considered how rising long-term care costs and inflation might impact your golden years? This discussion, inspired by findings from the National Institute for Retirement Security, paints a vivid picture of these pressing issues. From Medicare and Social Security to life insurance, 401k plans, and annuities, Stephanie and Kevin dissect the tools at your disposal. By highlighting the importance of basic investing principles and the balance of risks, they aim to help you safeguard your savings against inflation and elongate your nest egg for a potentially longer retirement.   In a climate where up to 80% of women sense a looming retirement crisis, how can you alleviate your retirement anxiety? Our hosts explore the shift from employer-provided pension plans to self-funded retirements, and why Social Security remains a lifeline for many. Rising living, healthcare, and long-term care costs are at the forefront of concerns, making financial planning more crucial than ever.     Key Topics: Why Did Stephanie and Kevin Take a Retirement Income “Literacy” Quiz? (02:11) Long-term Care, Medicare vs Medicaid, and More (04:10) What Women Think about Retirement (07:49) Life Expectancy Beyond 65 and its Impact on Retirement Finances (14:37) Looking Beyond Investments in Retirement Planning (19:08) Women's Outlook on Retirement (Crisis) (21:40) Longevity “Literacy” (27:32) Wrap-Up (32:26)     Resources: Take Back Retirement Episodes: 82: Getting the Most from Social Security: Smart Strategies for Women with Heather Schreiber 15: What Women Need to Know About Social Security 21: Simplifying Medicare: What's Important For You To Know with Susan Sloan 60: What Women Need to Know About Annuities       If you like what you've been hearing, we invite you to subscribe on your favorite platform and leave us a review. Tell us what you love about this episode! Or better yet, tell us what you want to hear more of in the future. stephanie@sofiafinancial.com   You can find the transcript and more information about this episode at www.takebackretirement.com.   Follow Stephanie on Twitter, Facebook, YouTube and LinkedIn.  Follow Kevin on Twitter, Facebook, YouTube and LinkedIn.

“Human beings going into retirement will find every excuse to not spend their money” - Dan Haylett   Our hosts Stephanie McCullough and Kevin Gaines sit down with financial advisor Dan Haylett. As the host of the “Humans Vs Retirement” podcast, Dan tells us how he inspires retirees to grab life by the horns and experience true wealth in their later years.   Listen in as Dan breaks down the five Fs of retirement, how to find meaning in a post-career life, the importance of asking what it is you're retiring to rather than simply what you're retiring from, and how to overcome the fear of spending your savings once you finally cross that threshold into retirement.   He also addresses the all-too-common fear of running out of your hard-earned money after stepping away from your career life. Dan teaches us to shatter that paradigm by putting our money to work and reframing the idea of “leaving a legacy” to our children.   Key Topics: The Five Fs of Retiring Successfully (3:42) Helping Retirees Find Purpose in Retirement (8:45) Reframing the Structure of Your Life in Retirement (18:24) Overcoming Frugality (25:00) Embracing Future Adjustments (32:32) Getting Comfortable with Uncertainty (36:40) Asset Location, Asset Assignment (40:20) The New Retirement Mindset (48:11) Stephanie and Kevin's Wrap-Up and Takeaways  (51:52)   Resources: www.humansvsretirement.com The Humans vs Retirement Podcast The Human Quirk of Relative & Absolute Outcomes     If you like what you've been hearing, we invite you to subscribe on your favorite platform and leave us a review. Tell us what you love about this episode! Or better yet, tell us what you want to hear more of in the future. stephanie@sofiafinancial.com   You can find the transcript and more information about this episode at www.takebackretirement.com.   Follow Stephanie on Twitter, Facebook, YouTube and LinkedIn.  Follow Kevin on Twitter, Facebook, YouTube and LinkedIn.

"Dad, you trusted me with everything. I'm trusting you with the truth.” -Nancy May   Our hosts Stephanie McCullough and Kevin Gaines sit down with Nancy May, who drops some real truth bombs relating to eldercare and supporting aging parents and relatives. Nancy's personal journey sheds light on the complexities and sacrifices involved in this critical role. This candid discussion unpacks the essentials, from establishing a durable power of attorney to assembling a dependable team of legal and financial advisors.   When the care of loved ones falls into your hands, knowing how to navigate family dynamics and the challenges of coordinating care is crucial. This episode peels back the layers of emotion and responsibility that come with making critical decisions, whether it's choosing the right elder care facility or handling the financial burdens that come with it.   The conversation turns to practical strategies for caregiver training, maintaining a cohesive care team, and ensuring the highest quality of life for our aging parents. Nancy's resources, such as her book "How to Survive 911 Medical Emergencies," and her podcast, Eldercare Success, provide listeners with actionable advice and the essential conversations to have now for a better-prepared future. Listen in for a deeper understanding of the eldercare landscape, and the tools to confidently step into the role of caregiver.     Key Topics: Welcome, Eldercare Expert, Nancy May (02:33) Financial and Emotional Impacts on Caregivers of Aging Parents (04:04) Caregiving Responsibilities and Decision-making for Aging Parents (07:50) End-of-life and Estate Planning (13:21) Aging Care Facilities, What to Know (23:42) The Importance of Understanding Contracts and Quality of Care (28:45) Finding and Managing Trusted Caregivers for Elderly Parents (38:27) Stephanie and Kevin's Wrap-up and Takeaways (49:42)     Resources: HowToSurvive911.com How to Survive 911 Medical Emergencies (book) Eldercare Success Podcast     If you like what you've been hearing, we invite you to subscribe on your favorite platform and leave us a review. Tell us what you love about this episode! Or better yet, tell us what you want to hear more of in the future. stephanie@sofiafinancial.com   You can find the transcript and more information about this episode at www.takebackretirement.com.   Follow Stephanie on Twitter, Facebook, YouTube and LinkedIn.  Follow Kevin on Twitter, Facebook, YouTube and LinkedIn.

“Every single thing in my life that has ever terrorized me and terrified me, and I avoided like nobody's business, when I finally either had no place else to run, or I chose to turn around and face it, it has never been as bad as I thought it would be. It has never been as shameful as continuing to avoid.”   Our hosts Stephanie McCullough of Sofia Financial and Kevin Gaines of American Financial Management Group chat with Diann Wingert, a seasoned cognitive behavioral coach, about all things financial and mental well-being as a woman with ADHD.   Ever wondered how ADHD plays out differently in women? This episode shatters misconceptions, revealing why so many women slip through the cracks of diagnosis. Our hosts and Diann dissect the subtypes of ADHD, emphasizing the often overlooked inattentive presentation common in women. Diann's journey to diagnosis at 60 underscores the urgency for awareness and tailored support. They tackle the daily battles and the broader societal implications, like the struggle with impulse control that can drive compulsive shopping and the resulting financial and emotional toll.   Finally, Stephanie, Kevin, and Diann wrap up with a powerful call to radical self-acceptance and the transformative effects of mindfulness in combating cognitive biases. Discover how embracing your unique ADHD traits can lead to more effective self-advocacy and stronger relationships. By adopting lifestyles that play to our strengths, women with ADHD can lead less stressful and more fulfilling lives. Tune in for a heart-to-heart that promises not only understanding but also actionable strategies for thriving with ADHD.   Key Topics: Welcome, Diann Wingert (02:32) ADHD in Adults, and Differences in Presentation between Men and Women (04:26) ADHD Diagnosis and Management for Women and Implications of Different Subtypes (08:49) ADHD Challenges and Diann's Experience with a 25-Year Gap in Diagnosis (13:54) The Challenges of Working from Home for Women with ADHD (18:43) ADHD, Impulsive Spending, and Other Financial Hurdles (22:45) Personal Finance, ADHD, and Mindfulness (27:11) Avoidance, Lack of Planning, and Other Financial Challenges (33:52) Overcoming Negative Self-Talk and Self-Doubt Through Mindfulness and Affirmations (39:01) Stephanie and Kevin's Wrap-Up (52:46)     Resources: The Driven Woman Entrepreneur Podcast DiannWingertCoaching.com     If you like what you've been hearing, we invite you to subscribe on your favorite platform and leave us a review. Tell us what you love about this episode! Or better yet, tell us what you want to hear more of in the future. stephanie@sofiafinancial.com   You can find the transcript and more information about this episode at www.takebackretirement.com.   Follow Stephanie on Twitter, Facebook, YouTube and LinkedIn.  Follow Kevin on Twitter, Facebook, YouTube and LinkedIn.

“It's not a line that you are either academic or creative, or you are either scientific or creative, or you are either mathematical…They're not separate.” -Claire Waite Brown   Ever felt like your creative spark got lost in the shuffle of life? Our hosts Stephanie McCullough of Sofia Financial and Kevin Gaines of American Financial Management Group sit down with Claire Waite Brown, the host of the Creativity Found Podcast and founder of CreativityFound.co.uk   Claire helps us break down the barriers that have kept us from embracing our inner artist, whether it's the false notion that creativity equals advanced skill or the stifling labels of our youth. Claire's stories of individuals who've rekindled their creative pursuits later in life are nothing short of inspiring, serving as a beacon for all of us looking to weave creativity back into our lives.   Our hosts and Claire dive into the world of creative hobbies, not just as pastimes, but as vital social and physical lifelines that enrich our existence and connect us to others. They explore the personal and practical obstacles that often hold us back from our creative endeavors, from limited resources to internal doubts. But here's the kicker: embracing creativity isn't just about picking up a paintbrush or a microphone; it's a journey of self-discovery and growth that's waiting for us to take the first step, at any stage of life.     Key Topics: Welcome Claire Waite Brown! (02:35) Creativity, Self-Expression, and Labeling (03:10) The Benefits of Creative Hobbies for Adults (08:17) Creativity and Personal Growth (18:24) Creative Pursuits and the Challenges of Monetizing Them (23:48) Creative Journeys and Overcoming Challenges (28:38) Where to Re-Spark Your Creative Flame (33:01) Stephanie and Kevin's Wrap-Up (38:40)     Resources: CreativityFound.co.uk Creativity Found Podcast     If you like what you've been hearing, we invite you to subscribe on your favorite platform and leave us a review. Tell us what you love about this episode! Or better yet, tell us what you want to hear more of in the future. stephanie@sofiafinancial.com   You can find the transcript and more information about this episode at www.takebackretirement.com.   Follow Stephanie on Twitter, Facebook, YouTube and LinkedIn.  Follow Kevin on Twitter, Facebook, YouTube and LinkedIn.

“I first ask this question: What is the number to make you feel successful? You and no one else. It might be a scary number. There's nothing wrong with fear.” -Ella Glasgow   Ever felt the anxiety-inducing pressure of pinning a price tag on your brainchild? Our hosts Stephanie McCullough and Kevin Gaines break that down with guest Ella Glasgow, who's not only a virtual event maestro and vocalist but also a sage when it comes to the alchemy of pricing your services.   Our hosts and Ella steer into the heart of the matter, unveiling the concept of a financial success number—a personalized number that varies wildly between individuals. The journey here is not just about the figures; it's a deep dive into the psyche, untangling the knotted threads of fear that often sway our financial direction. This episode guides you through the practical steps, almost like a financial recipe, to define, calculate, and strategize your way from your present financial landscape to your very own vision of success.   The episode crescendos with an exploration into the intersection of self-assurance and the daunting task of pricing one's worth. Charging for services can often feel like a tightrope walk over a chasm of self-doubt. Yet, this chat reveals how to transform that trepidation into tenacity by pricing based on value and not the whispers of fear. With Ella's insights and personal stories of triumph, this episode isn't just a conversation—it's a confidence booster shot for entrepreneurs (current and potential!) ready to stand tall and claim their worth in the marketplace.     Key Topics: Welcome, Ella Glasgow! (02:12) How Ella Arrived to this Work (05:00) Understanding Money and Business for Creatives (09:02) Success and Financial Goals through Personalized Equation (13:39) Budgeting and Financial Success (18:07) Personal Growth through Financial Literacy (22:10) Pricing Your Worth and Confidence in Business (27:48) Using AI Tools for Market Research and Understanding Audience Needs (38:25) Retirement Planning and Financial Goals (43:36) Stephanie and Kevin's Takeaways (44:30)     Resources: Ella Glasgow on LinkedIn BeyondVirtualEvents.com Dream Ignition Bootcamp: Ella's Course she's offering for $97 for listeners of Take Back Retirement       If you like what you've been hearing, we invite you to subscribe on your favorite platform and leave us a review. Tell us what you love about this episode! Or better yet, tell us what you want to hear more of in the future. stephanie@sofiafinancial.com   You can find the transcript and more information about this episode at www.takebackretirement.com.   Follow Stephanie on Twitter, Facebook, YouTube and LinkedIn.  Follow Kevin on Twitter, Facebook, YouTube and LinkedIn.

“If they're only worried about that current year, then that's what they're going to focus on. Let your accountant know, ‘I'm interested in what my tax bill's going to be three, five years down the road. So, if there's something we need to be doing, let's have a conversation.'” Tax season is among us. Or as Kevin would sing, “It's the most wonderful time of the year!” Whether you share Kevin's sentiment, or not so much, you'll want to tune into this one as our hosts Kevin Gaines and Stephanie McCullough peel back the curtain on the world of tax preparation, sharing their own stories of triumph and tribulation. Their chat isn't just theory; they offer actionable tips and stress the importance of software as a reliable sidekick, ensuring you can step into tax season with your head held high and your numbers in order.   Gathering tax documents can feel like a scavenger hunt. Stephanie and Kevin break down the must-have forms, from W-2s to various 1099s, and share strategies for proactively obtaining them, sometimes needing to look beyond the mailbox to online portals. They delve into the importance of keeping an organized record of deductible expenses for smoother and more accurate reporting.   This conversation is designed to help you understand the vital details so that you can either compile your documents like a pro or hand them off to one without a hitch. So join in, and let's chart a course through the fiscal galaxy, armed with knowledge and a dash of humor, because taxes don't have to be all that taxing, after all.     Key Topics: Tax Season is Here! DIY vs Professional Help (02:09) Tax Preparation and Documentation (10:52) Tax Planning and Strategies for Small Business Owners (15:45) Tax Planning, Retirement Savings and IRAs (20:45) Tax Planning Strategies for Retirement Accounts and Income Brackets (26:18) Wrap-Up (29:40)     Resources: Take Back Retirement Episode 82: Getting the Most from Social Security: Smart Strategies for Women with Heather Schreiber Take Back Retirement Episode 20: Women + Roth IRA's – What Should You Be Aware Of? Take Back Retirement Episode 12: What Women Need to Know About IRA's, with Sarah Brenner Take Back Retirement Episode 27: Health Savings Accounts (HSA's): What Women Need to Know       If you like what you've been hearing, we invite you to subscribe on your favorite platform and leave us a review. Tell us what you love about this episode! Or better yet, tell us what you want to hear more of in the future. stephanie@sofiafinancial.com   You can find the transcript and more information about this episode at www.takebackretirement.com.   Follow Stephanie on Twitter, Facebook, YouTube and LinkedIn.  Follow Kevin on Twitter, Facebook, YouTube and LinkedIn.

“If you're looking at the costs of medical expenses over time, they've actually historically grown faster than regular inflation. Healthcare is expensive, and it goes up faster than the rest of your spending; don't overlook it.”   Listen in as our hosts, Stephanie McCullough of Sofia Financial, and Kevin Gaines of American Financial Management Group tackle the critical yet often underestimated topic of healthcare costs in retirement. They uncover the harsh reality that healthcare expenses can become a significant financial burden if not properly accounted for in your retirement plan. Shedding light on the unpredictable nature of health and the associated costs, they stress the importance of being prepared for more than just your mortgage or grocery bills. They also debunk the common misconceptions around Medicare and long-term care.   Stephanie and Kevin explore the complexities of managing retirement funds with future taxes in mind. They highlight the strategies to mitigate the tax hit when withdrawing from IRAs and 401(k)s, and how these can impact your Medicare premiums through the Income-Related Monthly Adjustment Amount (IRMAA). Learn about the benefits of Roth conversions and how Health Savings Accounts (HSAs) and Roth accounts can be powerful tools in reducing your tax burden. They also discuss the 'widow penalty' in tax brackets and the need for strategic planning, especially when it comes to Social Security and the real rate of medical expense inflation. This episode is packed with insights to help you secure your financial health.   Key Topics: Healthcare Expenses in Retirement Planning (02:25) Medicare Costs and Supplemental Insurance (04:36) Income-Related Monthly Adjustment Amount (IRMAA) (06:58) Medical Expenses Planning for Retirement and Tax Implications (13:09) Spouses of Different Ages Who Want to Retire Simultaneously (17:46) Inherited IRAs, Tax Brackets, and the Widow Penalty (18:38) Inflation Rates and Medical Expenses (21:56) Wrap-Up (24:18)   Resources: Request to lower an Income-Related Monthly Adjustment Amount (IRMAA) Take Back Retirement Episode 21: Simplifying Medicare: What's Important For You To Know with Susan Sloan Take Back Retirement Episode 62: What Women Need to Know About Longevity Take Back Retirement Episode 27: Health Savings Accounts (HSA's): What Women Need to Know       If you like what you've been hearing, we invite you to subscribe on your favorite platform and leave us a review. Tell us what you love about this episode! Or better yet, tell us what you want to hear more of in the future. stephanie@sofiafinancial.com   You can find the transcript and more information about this episode at www.takebackretirement.com.   Follow Stephanie on Twitter, Facebook, YouTube and LinkedIn.  Follow Kevin on Twitter, Facebook, YouTube and LinkedIn.

“If you know about a certain scam, you're 80% less likely to engage with it. So, please tell everybody you know.” -Kathy Stokes   Could your loved ones be vulnerable to a $9 billion wave of deception? Kathy Stokes from AARP joins our hosts Stephanie McCullough and Kevin Gaines to unravel the complexities of fraud that's sweeping the nation, hitting older adults the hardest. With victims often bearing the burden of shame, they're challenging the stigma and equipping you with the knowledge to identify scams and shield your family.   Amidst the digital age, where swindlers lurk behind screens, this episode takes a hard look at the emotional web of online romance scams, originating from the most unexpected places like vacant Cambodian casinos. The conversation navigates through the tactics of cybercriminals as they exploit trust for financial gain.   Stephanie, Kevin, and Kathy outline the actionable steps every individual should consider, from skepticism towards unsolicited communication to the merits of credit freezes. AARP's robust network of fraud-fighting volunteers and their educational resources are just a call or click away, serving as your allies in the battle against fraudsters who target your wallet and well-being.     Key Topics: Welcome Kathy Stokes! (01:47) Financial Fraud's Impact on Victims, Specifically Elders (02:33) Phone Scams and How to Identify Them (11:25) Protecting Seniors from Scams (18:11) Law Enforcement Response to Financial Scams (22:33) Online Safety and Cybersecurity (33:36) AARP, Getting Direct Support (42:44) Stephanie's and Kevin's Takeaways (47:12)     Resources: FWN@aarp.org Victim Helpline 877-908-3360 CryptoScam from Wall Street Journal (free podcast): https://www.wsj.com/podcasts/the-journal/pig-butchering-a-texting-scam-with-a-crypto-twist/296e499f-ba82-46f2-ade9-5b70710d558e NPR story on crypto scam https://www.npr.org/2023/06/25/1180256165/crypto-scam-senior-victims-spirebit       If you like what you've been hearing, we invite you to subscribe on your favorite platform and leave us a review. Tell us what you love about this episode! Or better yet, tell us what you want to hear more of in the future. stephanie@sofiafinancial.com   You can find the transcript and more information about this episode at www.takebackretirement.com.   Follow Stephanie on Twitter, Facebook, YouTube and LinkedIn.  Follow Kevin on Twitter, Facebook, YouTube and LinkedIn.

“People tend to underestimate both how long they'll live and how long they'll spend in retirement. That's something that we really need to be realistic about.” - Heather Schreiber   Have you ever wondered how the labyrinth of Social Security intricacies might be uniquely affecting your retirement plan? Our hosts Stephanie McCullough and Kevin Gaines sit down with Heather Schreiber, a Social Security sage, to dissect the complex world of retirement planning for women. In this episode, the spotlight is on the hidden challenges women face due to career pauses, and how these disruptions can significantly alter the course of their Social Security benefits. They're not just discussing the issues but also providing the guidance needed to traverse these rocky terrains with confidence.   Navigating the bends and turns of the Social Security benefits calculation can feel like a daunting task. However, armed with knowledge such as how the Primary Insurance Amount (PIA) works, and understanding the bend point formula, women can better position themselves for retirement. Heather explains how the PIA is influenced by a full 35-year earnings record and how earnings-related reductions can be avoided. Whether you're considering working past retirement age or have already begun receiving benefits, this conversation is packed with insights on how to bolster your retirement income.   But wait, there's more! Our hosts along with Heather go beyond the basics and enter the realm of survivor and spousal benefits, an area where strategic planning can make a substantial difference. They unravel how the decisions of the higher-earning spouse can have far-reaching effects on survivors and discuss the nuances between survivor and spousal benefits. All of this critical information and more in this episode of Take Back Retirement, brought to you by Sofia Financial and American Financial Management Group.     Key Topics: Kevin's Dream Has Come True…Welcome, Dream Guest Heather Schreiber - Social Security Expert (01:06) Heather's Passion for Consumer Advocacy and Reliable Guidance (03:37) Women's Retirement Challenges and Planning Strategies (05:43) Social Security Benefits and Earning Limits for Widows/Widowers (09:57) Social Security Claiming Strategies (18:53) Social Security Spousal Benefits and Filing Strategies (24:09) Social Security Divorce Rules (27:04) Social Security Cost of Living Adjustments (33:36) Retirement Planning and Taxes (36:26) Social Security Claiming Strategies for Singles (42:03) Stephanie and Kevin's Wrap-Up (49:24)     Resources: HLSRetirementConsulting.com HLS Retire on YouTube, Facebook, and Instagram HLS Retire on YouTube, Facebook, and Instagram     If you like what you've been hearing, we invite you to subscribe on your favorite platform and leave us a review. Tell us what you love about this episode! Or better yet, tell us what you want to hear more of in the future. stephanie@sofiafinancial.com   You can find the transcript and more information about this episode at www.takebackretirement.com.   Follow Stephanie on Twitter, Facebook, YouTube and LinkedIn.  Follow Kevin on Twitter, Facebook, YouTube and LinkedIn.

“If you're growing at 8%, you're growing at 8%, no matter if you have a dollar or $10,000. And if you've got it spread over in five separate accounts, but it's all growing at the same rate, then you're making the same amount of money.”   Ever feel like you're wading through murky waters when it comes to retirement planning? You're not alone. Stephanie McCullough and Kevin Gaines of Sofia Financial and American Financial Management Group illuminate the path with their expertise, debunking pervasive myths that cloud the judgment of many investors.   They kick things off by setting the record straight on investment growth, cutting through the confusion surrounding account consolidation, and revealing the true engine of growth—percentage rates. Diversification is another victim of misunderstanding, and they're untangling the real meaning from the common misperception that more accounts always equals better diversity.   As the discussion wades deeper, Stephanie and Kevin tackle the intricacies of IRAs with precision. Did you know that your 401(k) doesn't barricade the door to IRA contributions? Our hosts share why tax deduction eligibility is a whole different ball game. Plus, they don't shy away from the tough stuff—like financial emergencies—guiding you through the maze of withdrawal rules to keep penalties at bay. The conversation then turns to market volatility and holding steady to your investment strategy. So buckle up and tune in; this episode is your financial GPS, navigating you away from common pitfalls and towards a more secure retirement.     Key Topics: Growth Rate of Money in One Account vs Multiple Accounts (01:23) Investment Accounts and Diversification (03:14) IRAs, Contributions, and Emergency Funds (07:47) IRA and 401(k) Clarification (12:25) Financial Options for Emergencies (13:04) Borrowing and Credit (17:47) Changing Investment Strategy Because of World Events and Headlines (21:05) Investment Strategies for Various Life Stages (24:19) Retirement Planning with Nuanced Investment Strategies (29:59)     Resources: Movie Clip: The new phonebook is here (The Jerk) Movie Clip: There is always… Threat (Men in Black) Tack Back Retirement Ep. 12: What Women Need to Know About IRA's, with Sarah Brenner Tack Back Retirement Ep. 44: Don't Try This at Home! Unique Situations Call for Unique Strategies Tack Back Retirement Ep. 64: What is Money Insurance? Tack Back Retirement Ep. 27: Health Savings Accounts (HSA's): What Women Need to Know       If you like what you've been hearing, we invite you to subscribe on your favorite platform and leave us a review. Tell us what you love about this episode! Or better yet, tell us what you want to hear more of in the future. stephanie@sofiafinancial.com   You can find the transcript and more information about this episode at www.takebackretirement.com.   Follow Stephanie on Twitter, Facebook, YouTube and LinkedIn.  Follow Kevin on Twitter, Facebook, YouTube and LinkedIn.

“You'll start seeing some things that are really helping you in life and some that are hurting you. And when you don't have an outlet or a way to review these things, we stay to our consistent habits just like with our diet.”   Dive into the world of financial therapy with our guest, Erika Wasserman. Fully 81% of Americans were taught not to talk about money, and that has a profound impact on emotional well-being and relationships. Join us as Erika shares both her personal journey and practical advice on navigating the complexities of financial silence, and find out how she empowers individuals to break free from its shackles. Are you ready to explore the key to trust, harmony, and financial well-being?   When it comes to managing finances, an accountability partner can be a game-changer. Erika helps us understand the traits that make a perfect accountability partner. This person needs to be invested in your successes, hold you accountable when you trip up, and be your partner in devising innovative solutions.   Retirement planning can be an emotional journey - one in which money, feelings, and values are intricately linked. Erika leads us through a visualization exercise, and encourages that instead of struggling with a rigid budget, we instead think about a 'Yes Plan' - a prioritization of expenses that vibe with our own values.   Let this episode inspire you to curate a clear vision for your retirement, setting you up for a fulfilling future. Tune in now for a transformative financial journey.   Key Topics: Intro to Erika Wasserman (01:07) “Wait, there's a field called Financial Therapy?!” (02:35) Three Ways We Get Our Money Beliefs (06:34) Finding an Accountability Partner for Financial Success (07:24) Financial Infidelity and Accountability in Relationships (12:26) “Let's Talk About Finances, Baby!” Card Deck (17:25) Retirement Planning and Prioritizing Spending Obligations (20:39) Retirement Planning Sensory Exercises (24:52) Financial Habits and Therapy (30:43) The Money Egg (31:55) Stephanie and Kevin's Wrap-Up (35:48)     Resources: YourFinancialTherapist.com Email erika@yourfinancialtherapist.com and mention TAKE BACK RETIREMENT for $50 off the Money Egg Exercise mentioned at 31:45 of episode “Let's Talk About Finances, Baby!” Card Deck Erika on LinkedIn, Instagram, Facebook @yourfinancialtherapist       If you like what you've been hearing, we invite you to subscribe on your favorite platform and leave us a review. Tell us what you love about this episode! Or better yet, tell us what you want to hear more of in the future. stephanie@sofiafinancial.com   You can find the transcript and more information about this episode at www.takebackretirement.com.   Follow Stephanie on Twitter, Facebook, YouTube and LinkedIn.  Follow Kevin on Twitter, Facebook, YouTube and LinkedIn.

"You have a choice about everything, and not choosing is still a choice. Prioritize yourself and ask for what you need." - Emi Kirschner   What if you were told that self-care isn't just an indulgence, but a key player in achieving personal and professional success? Our hosts Stephanie McCullough and Kevin Gaines chat with Emi Kirschner, a seasoned investor, serial entrepreneur, and coach to women business owners.   They pull back the curtain on the issue of avoidance, especially when it comes to financial planning and essential self-care, and share insights about why we often avoid these important tasks and how changing our mindset can lead to a transformation in our personal and business finances. Emi shares some pearls of wisdom about the power of self-care and its direct impact on productivity and clarity.   Stephanie, Kevin, and Emi then tackle one of the most challenging topics - the taboo around financial conversations. They share personal experiences and insights on breaking societal norms and approaching these conversations with curiosity rather than apprehension. Tune in for an episode that challenges norms, encourages curiosity and most of all, prioritizes self-care!     Key Topics: Intro to Self-Care and Finances (02:42) Breaking Down Financial Tasks into Manageable Steps (05:10) Overcoming Overwork and Finding Balance (09:56) Work-Life Balance and Productivity (15:01) Prioritizing Self-Care and Inner Knowledge for Success (19:19) Financial Planning, Avoiding Procrastination, and Breaking Taboos (24:16) Overcoming Limiting Beliefs and Taking Control of Finances (30:09) Self-Care, Mindfulness, and Financial Wellness (36:05) Wrap-Up (36:43)     Resources: https://www.emikirschner.com/       If you like what you've been hearing, we invite you to subscribe on your favorite platform and leave us a review. Tell us what you love about this episode! Or better yet, tell us what you want to hear more of in the future. stephanie@sofiafinancial.com   You can find the transcript and more information about this episode at www.takebackretirement.com.   Follow Stephanie on Twitter, Facebook, YouTube and LinkedIn.  Follow Kevin on Twitter, Facebook, YouTube and LinkedIn.

“The account you inherit as far as the IRS is concerned, it's not your retirement account. You are just receiving the money from it. It's still the original owner's retirement account.”   Have you ever considered the complexities that come with inheriting retirement accounts? They can be a minefield of rules and regulations that, if not handled with care, can result in irreversible mistakes. Our hosts Stephanie McCullough and Kevin Gaines untangle these complex rules, shedding light on the importance of paying attention when dealing with inherited accounts. Because once that money is taken out, it doesn't go back in. They also look at how the rules change when the original contributor has started their required distributions.   Did you know that spouses have a unique privilege when inheriting retirement accounts? They can transfer the accounts into their own and take full ownership. But like everything else in life, there are rules to follow.   And then comes the all-important matter of tax considerations. From the repercussions of not emptying the account within ten years to the importance of naming your own beneficiaries, and the complications that arise when inheriting an inherited IRA - Stephanie and Kevin cover it all. That said, it's important to remember that each situation is unique and requires specific guidance.   Under the SECURE Act, there are now 3 kinds of retirement plan beneficiaries for determining post-death payouts after 2019:   1. Non-Designated Beneficiary (NDB) These are not people. Examples: Estate, charity or non-qualifying trust (non-look through trust)            2. Non-Eligible Designated Beneficiary (NEDB)  All designated beneficiaries who do not qualify as EDBs (see #3 below). Examples: grandchildren, older children, some look-through trusts   3. Eligible Designated Beneficiary (EDB) The SECURE Act exempts these beneficiaries from the 10-year rule. However, if the account owner dies before the RBD, an EDB can elect the 10-year rule. EDBs must be designated beneficiaries.   5 Classes of Eligible Designated Beneficiaries: Surviving spouses Minor children of the account owner, until age 21 - but not grandchildren Disabled individuals – under the strict IRS rules Chronically ill individuals Individuals not more than 10 years younger than the IRA owner. (Those older than the IRA owner also qualify.)   SECURE Act Videos Here     Key Topics: Inheriting an IRA or Another Type of Retirement Account (02:00) Unique Rules of Inherited Accounts (05:31) Inherited IRA Rules and Options for Spouses and Non-Spouses (10:26) IRA Inheritance Rules and RMDs (15:49) The 10-Year Rule (20:52) Inherited Retirement Accounts and Potential Pitfalls (30:34) Wrap-Up (31:00)       Resources: Take Back Retirements Episodes: 12: What Women Need to Know About IRA's, with Sarah Brenner 18: How Do We Prepare for the Worst? with Mary Beth Simón 20: Women + Roth IRA's – What Should You Be Aware Of? 40: What Women Need to Know About Income Tax 58: Secure Act 2.0: New Retirement Account Rules, Same Old Message!       If you like what you've been hearing, we invite you to subscribe on your favorite platform and leave us a review. Tell us what you love about this episode! Or better yet, tell us what you want to hear more of in the future. stephanie@sofiafinancial.com   You can find the transcript and more information about this episode at www.takebackretirement.com.   Follow Stephanie on Twitter, Facebook, YouTube and LinkedIn.  Follow Kevin on Twitter, Facebook, YouTube and LinkedIn.

“The thing you've got to start with is what does life cost you? What does it cost to be you in this world?”   Listen in as our hosts Stephanie McCullough and Kevin Gaines tackle some big questions in this episode of Take Back Retirement, like "Do I need to go back to work after retirement or a divorce?" and "What kind of financial considerations should I have?" They walk through how to evaluate your life costs, not just the regular monthly expenses, but those that come up less frequently, like holidays, vacations, and any extra costs that come with having children or pets. They also discuss how to handle assets after a divorce, the different types of assets, tax implications, and the importance of planning for the future.   Stephanie and Kevin examine figuring out how much you can safely withdraw from your investments or savings if you need to supplement your income. They shed light on the 4% rule, which suggests that you should not withdraw more than 4% of the balance of your account each year. Plus, they discuss possible ways to reduce expenses and the importance of having a plan ahead of time. This episode is packed with valuable insights and practical advice, don't miss out!     Key Topics: Intro: How to Decide Whether to Go Back to Work After Divorce (02:10) It's Not Solely a Financial Question (03:32) How Much Does Life Cost You? Looking at Spending (06:56) Looking at the Income Side of the Equation (11:42) Retirement Savings and Investment Spending Strategies (17:46) Making That Money…Pulling in Some Income (25:18) Wrap-Up (32:48)     Resources: Organizations that support women returning to the workforce: https://betterbalancelife.com/ https://www.irelaunch.com/ https://womenbacktowork.org/ https://theriveter.co/voice/best-websites-for-moms-reentering-workforce/ Related Take Back Retirement Episodes: How Do We Reduce Financial Anxiety? with Lindsay Bryan-Podvin, Financial Therapist You Want to Retire Before Age 65? Here's What You Need to Know Retire on Your Own Terms – Or Don't! What Women Need to Know About IRA's, with Sarah Brenner Women + Roth IRA's – What Should You Be Aware Of?     If you like what you've been hearing, we invite you to subscribe on your favorite platform and leave us a review. Tell us what you love about this episode! Or better yet, tell us what you want to hear more of in the future. stephanie@sofiafinancial.com   You can find the transcript and more information about this episode at www.takebackretirement.com.   Follow Stephanie on Twitter, Facebook, YouTube and LinkedIn.  Follow Kevin on Twitter, Facebook, YouTube and LinkedIn.

“In the world of the IRS, if it's not documented, it's not real.”   Get set for a value-packed journey as our hosts Stephanie McCullough and Kevin Gaines tackle the critical topic of keeping financial records in this latest episode of Take Back Retirement. But they don't go it alone. They invite two clients - Steve and Doug - and two experts – Enrolled Agent Marianne Borneman and CPA Sonya Pappas - to give a well-rounded perspective on just how important record keeping really is.   First, discover how proper documentation can serve as a shield in financial disputes as Stephanie and Kevin introduce two of their clients - Steve and Doug. They share their personal experiences dealing with pension plans, tax determinations, and the powerful role of keeping precise records in securing their interests.   Next, learn from Marianne about the possible hazards of not having accurate documentation when dealing with the IRS and how it may prompt the tax collectors to dig even deeper. Sonya shares valuable tips on maintaining record security and the necessity for a systematic approach to saving and purging documents. Tune in, learn, and protect your financial future by mastering the art of vigilant record-keeping!     Key Topics: Introducing the Importance of Record Keeping (00:54) Exploring Record Keeping with Client Steve (02:41) Exploring Record Keeping with Client Doug (12:55) Exploring Record Keeping with Expert Marianne Borneman (21:46) Exploring Record Keeping with Expert Sonya Pappas (38:34) Stephanie and Kevin's Wrap-Up (58:05)     Resources: Find Marianne Here -  Thetaxreductionnetwork.com Sonya on LinkedIn - GSM Advisory Group on LinkedIn     If you like what you've been hearing, we invite you to subscribe on your favorite platform and leave us a review. Tell us what you love about this episode! Or better yet, tell us what you want to hear more of in the future. stephanie@sofiafinancial.com   You can find the transcript and more information about this episode at www.takebackretirement.com.   Follow Stephanie on Twitter, Facebook, YouTube and LinkedIn.  Follow Kevin on Twitter, Facebook, YouTube and LinkedIn.

“This could be the most loving gift you could ever give your children. The most loving way of spending your time to give them this gift, it's priceless. Preparation leads to peace. It absolutely does.”   Imagine a world where your family isn't left with a mountain of your disorganized documents and possessions after your death. Our hosts Stephanie McCullough and Kevin Gaines chat with Angie Hyche, a professional organizer, author, speaker, and podcaster, who brings us unique insights into the freedom that order can bring.   Turning the spotlight on planning for aging parents and our own aging future, this episode delves into the importance of not just passing on material items, but the values we want to instill in our children. Angie shares her experience of helping her parents and in-laws navigate the process of organizing their belongings, emphasizing the vital necessity of these conversations around end-of-life planning.   Stephanie, Kevin and Angie round off by tackling the challenge of organizing both physical and digital documents. From the ABC sorting process for photos to the importance of having a system to track important documents, they explore it all. Angie shares her tips on how to make sure digital assets are accessible to loved ones and how to approach the process of ‘death cleaning.' This episode is perfect for anyone seeking to create order, prepare for the future, and leave a meaningful legacy for loved ones.     Key Topics: Introduction to Angie Hyche (01:08) How Angie Arrived to be a Professional Organizer of Documents (02:10) Organizing Personal Affairs and Prioritizing What Matters Most (05:02) Helping Elderly Parents with Organizing (09:46) Organizing and Preserving Family Photos (15:25) Organizing Paper Documents and Deciding what to Keep (20:08) Organizing Digital Assets and Passwords for Easy Access After Death (25:51) Planning for End-of-Life Tasks and Possessions (32:04) Clutter's Impact on Mental and Physical Wellbeing (37:35) Stephanie and Kevin's Wrap-Up (42:27)     Resources: Shipshape Solutions Uncluttered Podcast       If you like what you've been hearing, we invite you to subscribe on your favorite platform and leave us a review. Tell us what you love about this episode! Or better yet, tell us what you want to hear more of in the future. stephanie@sofiafinancial.com   You can find the transcript and more information about this episode at www.takebackretirement.com.   Follow Stephanie on Twitter, Facebook, YouTube and LinkedIn.  Follow Kevin on Twitter, Facebook, YouTube and LinkedIn.

“Once you are aware of your top risks that you will likely face later on, it's amazing how your brain just starts to automatically think about, ‘Well that's interesting, I wonder if I could live that way.' Or ‘I wonder if I could pick up that exercise. I wonder if I could start walking a mile a day just to start getting in better shape. I wonder if I could change my diet instead of eating this cookie, I should maybe have this piece of fruit instead.' That's the way the mind works.”   Ever asked yourself 'Who will take care of me as I age?' If so, this episode is for you. Our hosts Stephanie McCullough of Sofia Financial and Kevin Gaines of American Financial Management Group engage in a profound conversation with Carol Marak, an author, speaker, and mentor who has tackled this very question head-on. Her journey to a secure future will inspire you as she shares her path to financial stability, strategic relocation, and developing a comprehensive framework for successful solo aging.   Our hosts along with Carol delve into the profound interconnectedness of retirement planning and life purpose, exploring how changes in one's living environment can dramatically influence health and fitness. Get ready to understand the challenges faced by individuals transitioning from significant careers and the role financial advisors play in helping navigate these waters.   Stick around as they explore the significance of early planning for the future, taking into consideration factors such as family medical history, lifestyle choices, and overall life satisfaction. Carol emphasizes the importance of strong social connections and support base, regardless of whether you have kids or not. Tune in and get set to rethink solo aging through the lens of Carol Marak.     Key Topics: The Pivotal Moment Carol Realized She Needed to Take Action (02:16) How Carol and Sisters Determined the Categories to Plan their Parents' Will (07:57) How Do You Know if You're Financially Stable? (15:27) How Do You Have Conversations with Clients about Finances? (19:41) Patient Advocates (25:52) Bringing Family History into the Picture (30:27) When to Start Thinking About Retirement (35:53) The Importance of Having a Support System (41:41) Planning is a Verb, Not a Noun (44:04)     Resources: Carol Marak: Solo and Smart Aging Website Carol Marak on LinkedIn SOLO AND SMART: The Roadmap for a Supportive and Secure Future© (book)         If you like what you've been hearing, we invite you to subscribe on your favorite platform and leave us a review. Tell us what you love about this episode! Or better yet, tell us what you want to hear more of in the future. stephanie@sofiafinancial.com   You can find the transcript and more information about this episode at www.takebackretirement.com.   Follow Stephanie on Twitter, Facebook, YouTube and LinkedIn.  Follow Kevin on Twitter, Facebook, YouTube and LinkedIn.

“It's not about deprivation. It's about balance. It's about taking care of your today self and your future self.”   Join our hosts, Stephanie McCullough of Sofia Financial and Kevin Gaines of American Financial Management Group, as they simplify the world of financial planning, starting with understanding cash flow. They tackle how to monitor the inflow and outflow of your money, without yet worrying about its source or where it's going. Learn the importance of observing more than one month of data, as things can fluctuate from month to month.   Stephanie and Kevin further explore the significance of setting up an emergency fund and how much cash you should ideally have available. Listen as they explain why it's essential to have a cash cushion to cover unexpected expenses. They provide insights on how to calculate the amount you should have in your emergency fund and why it may need to be increased if your future seems uncertain. Also, discover the differences between cash and investments, and why cash is best for emergencies.   They discuss the different retirement savings and investing options available, such as 401(k)s, IRAs, and target date funds. Gain knowledge on the benefits of each, from lower costs to matching options and pre-tax savings. They also touch on setting up a regular investment account with no limits or restrictions. Their ultimate aim is to emphasize the importance of establishing an investment plan that suits you and doesn't cause unnecessary stress. This episode is your guide to making informed and confident decisions about your financial future.     Key Topics: Cash and Cash Flow (04:10) Looking at the Trends (06:41) How Much Cash Should I Have and Where to Put It? (09:42) How to Invest More Money (20:17) Don't Get Intimidated by the 1099 Form (22:48) Savings vs. Investment (23:39) Wrap-Up (25:20)     Resources: Take Back Retirement Episode 29: How Much Cash Should I Have and Where Should I Be Putting It? Take Back Retirement Episode 12: What Women Need to Know About IRA's, with Sarah Brenner Take Back Retirement Episode 45: What Women Need to Know about Target Date Funds Put One Foot in Front of the Other - Santa Clause is Coming to Town (skit) HEE HAW Gloom Despair And Agony On Me | Classic Her Haw TV (skit)     If you like what you've been hearing, we invite you to subscribe on your favorite platform and leave us a review. Tell us what you love about this episode! Or better yet, tell us what you want to hear more of in the future. stephanie@sofiafinancial.com   You can find the transcript and more information about this episode at www.takebackretirement.com.   Follow Stephanie on Twitter, Facebook, YouTube and LinkedIn.  Follow Kevin on Twitter, Facebook, YouTube and LinkedIn.

“Conversations around money should be: what do you want? Who do you want to be? And how do we help you get there? Not only you individually, but your collective. Your collective is your family, your community, and beyond”   Imagine a world where the language of money is universal, inclusive, and aligns with your life's purpose and passion. That's exactly the world Kim Curtis, CEO of Wealth Legacy Institute, envisions and is working towards. This episode exposes the unspoken gender dynamics in finance and the male-centric language that often excludes crucial aspects like life, passion, and joy. Kim takes us on her unique journey, from changing careers at 30 and overcoming money shame, to becoming a successful financial planner.   Have you ever wondered how gendered financial language affects retirement strategies? Our hosts Stephanie McCullough and Kevin Gaines, along with Kim reveal the different retirement scenarios for men and women. They highlight the importance of community in retirement, providing insightful strategies to expand relationship circles and combat loneliness and boredom. Kim's candid discussion about her past experiences and how they have shaped her approach with clients is a testament to her holistic approach to finance.   In the world of finance, skills extend far beyond number crunching. According to Kim, financial professionals also need resilience, self-awareness, and mediation skills. She shares valuable advice on recognizing biases in investing, understanding the differentiations between financial professionals, and the importance of patience and ownership in financial planning. All this and more in this episode of Take Back Retirement.         Key Topics: Kim's Story and and Career Change to Financial Planning (02:09) Gendered Language in Financial Planning (11:13) How We Show Up Around Money (15:44) Happiness Doesn't Retire (24:52) Women in the Financial Planning Field (27:18) The Psychology of Money and the Gender Issues in Financial Planning (31:29) Wrap-Up (37:04)         Resources: WealthLegacyInstitute.com FinancialLiteracyPress.com Kim's most recent book, Retirement Secrets: Keys to Living Happy, Healthy and Free @happinessdoesntretire on IG         If you like what you've been hearing, we invite you to subscribe on your favorite platform and leave us a review. Tell us what you love about this episode! Or better yet, tell us what you want to hear more of in the future. stephanie@sofiafinancial.com   You can find the transcript and more information about this episode at www.takebackretirement.com.   Follow Stephanie on Twitter, Facebook, YouTube and LinkedIn.  Follow Kevin on Twitter, Facebook, YouTube and LinkedIn.

Get ready for an inspiring conversation with tech retiree and podcast host, Gretchen Schoser. Gretchen, aka G-Rex, invites us into her world to talk about trading tech for a mic, her journey toward retirement, and the mental health battles she's faced along the way. Tune in as she unpacks her new podcast, “Sh!t That Goes On In Our Heads,” which she co-hosts with Dirty Skittles, and how it acts as a comforting refuge during challenging times, not only for the hosts but also their listeners.   Our hosts Stephanie McCullough and Kevin Gaines follow Gretchen through her post-retirement adventures in Europe and her extended Florida retirement party. Gretchen's travels are a testament to living in the moment and creating beautiful memories, inspired by her friend Booky, who, in the face of terminal cancer, lived life on her terms.   Stick around as Gretchen teases us with glimpses of her upcoming book. She shares her tale of self-discovery, setting healthy boundaries, and how she's using her newfound freedom to help others navigate the podcasting world. Get cozy, you won't want to miss a minute of G-Rex's inspiring journey.     Key Topics: Gretchen's Path to Retiring (03:12) The Birth of Sh!t That Goes On In Our Heads Podcast (09:08) The Europe Trip (10:47) “Don't Wait. Make Those Memories” (14:39) More On Gretchen's Podcast (16:58) Gretchen's Upcoming Book (25:51) Where Did the Title of Gretchen's Podcast Come About? (32:22) Wrap-Up (38:29)     Resources: Sh!t That Goes On In Our Heads Podcast     If you like what you've been hearing, we invite you to subscribe on your favorite platform and leave us a review. Tell us what you love about this episode! Or better yet, tell us what you want to hear more of in the future. stephanie@sofiafinancial.com   You can find the transcript and more information about this episode at www.takebackretirement.com.   Follow Stephanie on Twitter, Facebook, YouTube and LinkedIn.  Follow Kevin on Twitter, Facebook, YouTube and LinkedIn.

“The human brain is actually wired to trip us up, to shoot ourselves in the foot when it comes to money and investing. A little bit of self-examination can help pull us out of these knee-jerk reactions.”   Prepare for a knowledge voyage as our hosts Stephanie McCullough and Kevin Gaines redefine retirement for women, bringing insights from behavioral finance, a fascinating field that explores how we make decisions around money. By the end of this episode, you'll have a deeper understanding of financial behaviors and how to make smarter choices.   Our hosts dissect the concept of the gambler's fallacy to shed light on their own decision-making patterns, with Kevin sharing a personal anecdote to highlight its real-life impact. Following that, prepare for a compelling discussion on mental accounting, a concept that will change how you view your money's value depending on its source. Our hosts explore a study that reveals intriguing patterns in spending "found money" versus hard-earned cash. To wrap up, they look at practical ways to leverage mental accounting in creating a budget and improving your chances of financial success. This episode is a journey toward financial empowerment.         Key Topics: Intro to Behavioral Finance (01:58) Biases (06:21) Recency Bias (AKA Availability Bias) (14:32) Mental Accounting (17:30) Flipping These Findings to Our Advantage (Action Steps) (24:43)         Resources: Predictably Irrational (book) Seinfeld Skit: Even Steven       If you like what you've been hearing, we invite you to subscribe on your favorite platform and leave us a review. Tell us what you love about this episode! Or better yet, tell us what you want to hear more of in the future. stephanie@sofiafinancial.com   You can find the transcript and more information about this episode at www.takebackretirement.com.   Follow Stephanie on Twitter, Facebook, YouTube and LinkedIn.  Follow Kevin on Twitter, Facebook, YouTube and LinkedIn.

What if you discovered that the typical American is on track to have only 78% of the income needed for retirement expenses? Brace yourself, because that's exactly what our hosts Stephanie McCullough and Kevin Gaines are about to unpack.   Talking about retirement planning can be daunting, but it's never too late to start. Our hosts share some fascinating findings from a recent survey, like men's overconfidence in investing, despite women scoring higher in financial literacy! They also reveal the intriguing confidence levels across different generations. Whether you're a baby boomer, a Gen-Xer, or an older millennial, you'll find insights to help you plan better and invest smarter.   Stick around as our hosts dive into the various approaches to retirement planning. They're going to explore everything from catch-up provisions and reducing expenses to planning for a long life. Plus, the importance of seeking professional advice when investing for retirement cannot be overstated. So buckle up as Stephanie and Kevin venture through these crucial topics, equipping you with the knowledge and motivation required to secure your retirement with confidence. Get ready to redefine retirement on your terms!       Key Topics: The Importance of Knowing Your Financial Situation (03:09) Don't Get Hung Up on Perfection (06:12) Men Are More Confident Than Women About Investing Despite Women's Higher Financial Literacy (08:47) How Optimistic Are You About The Future and Your Retirement? (11:49) Planning Creates Power and Leads to Purpose (17:29) Making Money in Retirement (21:17) Investing More Conservatively for Retirement (25:09)       Resources: Take Back Retirement Episode 62: What Women Need to Know About Longevity Fidelity Research: America's Retirement Preparedness Level Declines Amid Continued Volatility       If you like what you've been hearing, we invite you to subscribe on your favorite platform and leave us a review. Tell us what you love about this episode! Or better yet, tell us what you want to hear more of in the future. stephanie@sofiafinancial.com   You can find the transcript and more information about this episode at www.takebackretirement.com.   Follow Stephanie on Twitter, Facebook, YouTube and LinkedIn.  Follow Kevin on Twitter, Facebook, YouTube and LinkedIn.

“[A wise money decision is] one that honors yourself. And to really honor yourself, you need to know yourself, to know who you are and what your values are, and know that your self is not one set entity or one personality set in stone.”   With over 18 years of experience as an executive coach, Stacey Stern joins Take Back Retirement to share her unique approach to navigating life transitions and finding more meaning, impact, fulfillment, joy, and peace of mind. Our hosts Stephanie McCullough and Kevin Gaines dive into her journey into coaching, how she works with a wide range of clients, and her insights on overcoming money stress.   They explore the concept of energetic resources and how they play a role in our perceptions and experiences with money. Stacey introduces us to the Energy Leadership Index Assessment (ELI) and how it helps clients gain insight into their beliefs and values, allowing them to make better decisions and manage stress more effectively. They also discuss the impact of gender inequity and early childhood messages on our ability to charge what we're worth.   Stick around as they tackle the importance of managing money stress and mental health by using tools and tips to help you identify energy drainers, delegate worry, and 'dilute' tasks for a more enjoyable life experience.     Resources: StaceyStern.com ELI Assessment     Key Topics: How Stacey Arrived to Her Line of Work (02:41) Exploring Money Stress (09:24) Risk Tolerance Questionnaire (21:39) The Often Surprising Results Behind the Energy Audit (32:42) How Stacey Defines a Wise Money Decision (43:38) Stephanie and Kevin's Wrap-up (46:13)     If you like what you've been hearing, we invite you to subscribe on your favorite platform and leave us a review. Tell us what you love about this episode! Or better yet, tell us what you want to hear more of in the future. stephanie@sofiafinancial.com   You can find the transcript and more information about this episode at www.takebackretirement.com.   Follow Stephanie on Twitter, Facebook, YouTube and LinkedIn.  Follow Kevin on Twitter, Facebook, YouTube and LinkedIn.

“We are supposed to view aging as a privilege, but we are shamed for showing visible signs of it. How absurd. And because we live in a society where our outward beauty equates to worth and value, we automatically feel that our value is going down and our worth, and we see that our visibility is going down.”   Are you embracing your midlife growth spurt or feeling overwhelmed by it? Join our hosts Stephanie McCullough and Kevin Gaines as they chat with Dara Goldberg, founder of the Endless Beauty Collective and LovinMidlife.com, who shares her personal experience of navigating this transformative period in life. Listen in as they discuss managing anxiety, redefining self-care, and learning to accept the emotions that come with midlife changes.   Dara, along with our hosts, delves into the challenges of finding mental and physical space for self-care while addressing internal and external resistance as we pivot toward a focus on our true desires. Dara sheds light on the significance of understanding who we are now and making choices that align with our current needs. Moreover, they explore the dynamics of shifting relationships as we prioritize our well-being and how small changes can make a big difference.   Stick around until the end as they tackle the issue of ageism, particularly within the beauty industry, and its impact on younger generations. Together with Dara, they examine the power we hold as consumers to push back against brands perpetuating fear and negativity around the aging process and the importance of redefining aging on our terms.       Key Topics: The Uncertainty Around Midlife Growth (03:56) The Beauty Industry is Selling Us Wrong (08:45) Self-Care and Pivoting in Life (13:43) How Much Resistance to Change is Internal vs External (18:49) Pushback on the Idea of Selfishness (21:38) Saying No to Harmful Brands (26:14) "We're Not Ageless, We're Agefull” (30:52) Supporting The Right Brands and People (34:41)     Resources: The Pro-Age Woman Magazine @DaraDoesMidlife on Instagram EndlessBeautyCollective.com Pro-Age Brand Guide dara@LovinMidlife.com     If you like what you've been hearing, we invite you to subscribe on your favorite platform and leave us a review. Tell us what you love about this episode! Or better yet, tell us what you want to hear more of in the future. stephanie@sofiafinancial.com   You can find the transcript and more information about this episode at www.takebackretirement.com.   Follow Stephanie on Twitter, Facebook, YouTube and LinkedIn.  Follow Kevin on Twitter, Facebook, YouTube and LinkedIn.

“I've heard everything at this point, meaning nothing would surprise me. I've heard all sorts of versions of shame, anger, sadness, anxiety, family stories - beautiful and painful, and betrayal and embarrassment.”   Our hosts Stephanie McCullough and Kevin Gaines had a fascinating conversation with Financial Therapist Bari Tessler, founder of The Art of Money, about her unique methodology that integrates financial and emotional literacy. Bari enlightens us on the importance of understanding the connection between our mind and body, and how this knowledge can be applied to our financial well-being. You'll learn about the role of bookkeeping in developing financial intimacy, the concept of money dates to review your finances, and the benefits of breaking down money management into small, achievable goals.   Bari shares her insights on how most people have shame or other difficult emotions around money. This is rarely talked about and not yet taught in school. Stephanie, Kevin, and Bari explore how to find a money management style that works best for you and the importance of self-forgiveness when working with our money stories. Plus, they dive into the idea of inner-child work, a therapeutic technique that helps us better understand our younger selves and the decisions we have made around money.   And be sure to listen to the end where they discuss the art of managing financial decision-making anxiety and aligning your choices with your values. You won't want to miss this enlightening conversation that's sure to help you change your relationship with money and bring you a step closer to financial clarity and happiness.     Key Topics: Financial Therapy and Somatic Psychology (0:02:12) Body Check-In (0:07:11) Shame and Other Difficult Emotions Around Finances (0:10:14) Money Dates (0:17:38) Early Integrations of Financial Therapy and Financial Planning (0:22:05) Titration: Breaking Things Down into Small Steps (0:28:51) Titration and Self-Forgiveness (0:36:27) Renaming Categories and Honoring Life Transitions (0:44:23) Managing Financial Decision-Making Anxiety (0:50:05)     Resources: BariTessler.com The Art of Money: A Year-Long Money School with Bari Tessler The Art of Money (book and workbook) 27 Ways to Make a Money Date Your Own Bari Tessler on Instagram and Facebook Take Back Retirement Episode 32: True Confessions of Two Financial Planners   If you like what you've been hearing, we invite you to subscribe on your favorite platform and leave us a review. Tell us what you love about this episode! Or better yet, tell us what you want to hear more of in the future. stephanie@sofiafinancial.com   You can find the transcript and more information about this episode at www.takebackretirement.com.   Follow Stephanie: Twitter, Facebook, YouTube + LinkedIn.  Follow Kevin: Twitter, Facebook, YouTube + LinkedIn.

What if the secret to a long, healthy life is not expensive programs, supplements or equipment, but actually the free actions you take every day? In this episode, functional medicine-trained health strategist Dr. Laura DeCesaris joins the podcast to explore the importance of prioritizing health span over lifespan.   Stephanie, Kevin, and Laura explore essential health habits that contribute to longevity, such as getting outside daily, having a supportive community, managing stress, and eating a variety of foods, as well as the challenges people face in prioritizing these habits and the deceptive nature of fad diets and quick-fix solutions. Shifting our mindset towards long-term health and wellness habits is crucial, and better education around basic health and nutrition is necessary.   Most importantly, they also discuss the intersection of health and finance, emphasizing the value of investing in preventative measures and education about one's health. Tune in for actionable and realistic advice on improving your health and longevity, and how it parallels with financial planning for a fulfilling retirement.     Key Topics: Redefining Longevity and Health in Retirement (1:57) Mindset Shifts for Healthy Habits (8:02) Healthy Aging & Health Advice Red Flags (15:36) The Intersection of Health and Finance (24:52) Longevity Through Healthy Habits and Education (38:08) Stephanie and Kevin's Wrap-up (41:11)     Resources: @dr.lauradecesaris on Instagram and all the social media platforms (*except Twitter) Dr. Laura Decesaris' website Take Back Retirement Episode 62: What Women Need to Know About Longevity Monty Python Galaxy Song       If you like what you've been hearing, we invite you to subscribe on your favorite platform and leave us a review. Tell us what you love about this episode! Or better yet, tell us what you want to hear more of in the future. stephanie@sofiafinancial.com   You can find the transcript and more information about this episode at www.takebackretirement.com.   Follow Stephanie on Twitter, Facebook, YouTube and LinkedIn.  Follow Kevin on Twitter, Facebook, YouTube and LinkedIn.

Given the recent headlines and failure of two banks, Stephanie and Kevin felt is was time for a high-level overview on the government insurance programs that serve as backstops by protecting you from the potential failure of financial services companies.   Listen in as they break down the most important acronyms within the alphabet soup of federal government agencies.   They discuss the FDIC insurance program, how the SIPC protects investors should a firm go belly-up, why pensioners (and pensioners-to-be) need to familiarize themselves with the PBGC, and how to go about the best state insurance program for your goals!   Key Topics: What is the FDIC? (4:16) Limits on FDIC coverage (8:21) Defining “ownership category” (10:48) “What can I do to have more protection on my money?” (14:43) What is the SIPC? (16:32) Defining “custodian” (19:15) What the SIPC protect you from (and what it does not) (21:20) Defining “separate capacity” (24:28) What is the PBGC? (25:52) State insurance programs (27:00) Our closing thoughts (27:53)   Resources: Take Back Retirement Episode 29: How Much Cash Should I Have and Where Should I Be Putting It? Here's a comprehensive description of FDIC deposit insurance coverage for the most common account ownership categories: www.fdic.gov/resources/deposit-insurance/brochures/insured-deposits SIPC website for more details: https://www.sipc.org/ - see the “For Investors” section     If you like what you've been hearing, we invite you to subscribe on your favorite platform and leave us a review. Tell us what you love about this episode! Or better yet, tell us what you want to hear more of in the future. stephanie@sofiafinancial.com   You can find the transcript and more information about this episode at www.takebackretirement.com.   Follow Stephanie on Twitter, Facebook, YouTube and LinkedIn.  Follow Kevin on Twitter, Facebook, YouTube and LinkedIn.

Jackie Cummings Koski has overcome poverty, divorce, and the struggles of single motherhood. Yet, she was able to retire from her corporate job of 20 years in 2019 at the early age of 49! That whole time, she's made less than six figures.   Jackie sits down with Stephanie and Kevin to discuss how she overcame those adversities and the wake-up call that totally changed her view of her finances.   Four years later, after leaving corporate America, 53-year-old Jackie is following her big dream of creating a financially-literate society!   Listen in as she shares an inspiring journey that began in rural South Carolina, where she lived below the poverty line in a single-parent household alongside her six siblings. Committed to “not grow up poor,” Jackie decided to study all she can about investing and the stock market and joined the Financial Independence, Retire Early (FIRE) community later on.   Years after beginning to implement what she's learned, Jackie was able to put together a powerful cash flow strategy for retirement despite never earning beyond six figures in her sales career.   Coupling her realization that “you don't have to be wealthy to teach about money” with her dream to make a real impact on the world, Jackie has dedicated her post-retirement life to educating others on financial literacy. That began with her daughter, to whom Jackie dedicated her 2014 book Money Letters 2 My Daughter.   Key Topics: Jackie's long journey to successfully retiring from her corporate job at 49 (2:25) Getting over the fear of investing following her divorce (9:06) Creating a plan to have enough saved for retirement (14:47) Writing the book Money Letters 2 My Daughter (16:17) Jackie's thoughts on the financial planning industry (20:48) How Jackie's definition of retirement changed over time (26:18) What drew Jackie to the FIRE community (30:05) Creating an “anti-budget” (35:12) The importance of doing a net worth statement (39:27) Advice to those looking to build up their retirement account in today's economy (44:17) Stephanie and Kevin's closing thoughts (49:19)   Follow Jackie Koski on Instagram at www.instagram.com/finomenal_woman.     If you like what you've been hearing, we invite you to subscribe on your favorite platform and leave us a review. Tell us what you love about this episode! Or better yet, tell us what you want to hear more of in the future. stephanie@sofiafinancial.com   You can find the transcript and more information about this episode at www.takebackretirement.com.   Follow Stephanie on Twitter, Facebook, YouTube and LinkedIn.  Follow Kevin on Twitter, Facebook, YouTube and LinkedIn.

In financial planning, the big question that we're trying to answer is how to put a client's resources to work in a way that gives them the best chance to meet their goals—their financial wants and needs—for the rest of their lives.   To accomplish this, there are a lot of factors we have to guess at: How much will life cost them? How about inflation? What will happen to investment markets? What will the client want for themselves 20-30 years from now? One of the biggest unknowns, which impacts every other factor, is this: How many years does my client have left to live?   Of course, we'll never know that number. What we can try to determine are the risks that our clients may face the longer they live, and by extension, create an action plan to build them the longest runway of wealth possible, protecting them for the years ahead.   Listen in as Stephanie and Kevin lay out the most important of these action steps, including maintaining your physical and mental health and relationships, creating additional sources of income, determining the best time to claim your Social Security, and covering your long-term care expenses.   Key Topics: “What are the risks that our clients face?” (2:57) The four Ls of retirement (6:17) Action steps to have enough in retirement (10:52) Looking after your health + Addressing the loneliness issue (15:54) Getting creative with your income sources (22:56) When to claim Social Security (25:18) Diversifying your assets by the risks they're designed to address (28:11) Long-term care expenses (31:01) “What can I do today that my future self will thank me for?” (32:10)   Resources: The Harvard Study of Adult Development Financial Regret at Older Ages and Longevity Awareness Living to 100 life expectancy calculator Take Back Retirement Episode 61: Pre-Plan for a Caregiving Needs with Special Guest Mim Senft Take Back Retirement Episode 15: What Women Need to Know About Social Security Take Back Retirement Episode 60: What Women Need to Know About Annuities Take Back Retirement Episode 17: What Women Need to Know About Long-term Care Take Back Retirement Episode 14: What Women Need to Know About Caregiving and Elder Law with Cathy Sikorski       If you like what you've been hearing, we invite you to subscribe on your favorite platform and leave us a review. Tell us what you love about this episode! Or better yet, tell us what you want to hear more of in the future. stephanie@sofiafinancial.com   You can find the transcript and more information about this episode at www.takebackretirement.com.

Today, we sit down with Mim Senft, author, keynote speaker, and facilitator for national conferences. She is the Co-Founder and Managing Director at Motivity Care, a company that takes the complexity out of caregiving management by providing personalized “chief of staff” support.   Mim has over 25 years of corporate experience in project management, benefits design, and health and wellbeing program strategy and implementation. She holds certifications in group benefits, worksite wellness and property casualty insurance.   Listen in as Mim shares her journey in the elder care space⁠ or, as she calls it, the “silver economy.” She dives deep into the critical, yet commonly-overlooked steps needed to prepare for an individual's caregiving needs⁠—and how Motivity Care streamlines the entire process.   Mim discusses the huge amounts of time and money lost by family members who unexpectedly have to take on the role of caregiver—and it's always unexpected! She speaks on the value of a reciprocal “care partner” relationship and how anyone can begin laying the foundation for their own caregiving needs right now!     Key Topics: Mim's background in and passion for the elder care space (2:45) The impact a caregiver can have on an individual (4:39) “Plan when you can, not when you have to” (10:15) The Motivity Care story (13:09) How to speak with family members who are reluctant to have these conversations (15:56) Why having your own concierge manager can literally be life-saving (18:14) A Motivity success story (22:42) The importance of having a “care partner” (33:30) How to start pre-planning today (38:47) Stephanie and Kevin's thoughts on today's conversation (43:30)     Resources: Learn more about Motivity Care at www.motivitycare.com Motivity Care on LinkedIn Take Back Retirement Episode 14: What Women Need to Know About Caregiving and Elder Law with Cathy Sikorski     If you like what you've been hearing, we invite you to subscribe on your favorite platform and leave us a review. Tell us what you love about this episode! Or better yet, tell us what you want to hear more of in the future. stephanie@sofiafinancial.com   You can find the transcript and more information about this episode at www.takebackretirement.com.   Follow Stephanie on Twitter, Facebook, YouTube and LinkedIn.  Follow Kevin on Twitter, Facebook, YouTube and LinkedIn.