The Holistic Retirement Podcast

In football, teams are extra careful not to make a mistake when they get within about 20 yards of scoring points (known as the Red Zone). They've typically worked hard to get to that point and don't want to cost themselves by throwing an interception or fumbling the ball and giving it to the other team. On this episode, we'll explore the financial equivalent of the Red Zone and discuss how you can really mess things up if you're not careful during this phase of your life. If you're approaching retirement, this is a fundamental conversation you won't want to miss. Show Notes: Retirement Rescue TOOLKIT: https://bit.ly/36RIDs3 Website: http://carolinaretirementresources.com/ Phone: 800-646-5996

Between wildfires, hurricanes, tornadoes and floods, there's always a natural disaster making news headlines. And while life and limb aren't at stake when it comes to your portfolio, experiencing a financial disaster can still have a catastrophic effect on your life in retirement. Let's discuss some portfolio disasters that we've seen and how to avoid them. Show Notes: Retirement Rescue TOOLKIT: https://bit.ly/36RIDs3 Website: http://carolinaretirementresources.com/ Phone: 800-646-5996

This is the second installment of our cryptocurrency series. Today we will talk about how to buy cryptocurrency, what you can buy with it, and the risk associated with this investment.  Show Notes: Retirement Rescue TOOLKIT: https://bit.ly/36RIDs3 Website: http://carolinaretirementresources.com/ Phone: 800-646-5996

Today, we kick off a two part series focusing on cryptocurrency. On this episode, Richard will discuss the history of currency as a whole, what cryptocurrency is, and how it works. Show Notes: Retirement Rescue TOOLKIT: https://bit.ly/36RIDs3 Website: http://carolinaretirementresources.com/ Phone: 800-646-5996

On this episode, Richard will run down the list of the top 10 things you should be doing in order to set yourself up for a successful retirement. Show Notes: Retirement Rescue TOOLKIT: https://bit.ly/36RIDs3 Website: http://carolinaretirementresources.com/ Phone: 800-646-5996

There are many people that will buy life insurance early in their career, but do not think of it as a tool for retirement planning. Richard will discuss how life insurance can be used in a plan and some of the potential benefits. Show Notes: Retirement Rescue TOOLKIT: https://bit.ly/36RIDs3 Website: http://carolinaretirementresources.com/ Phone: 800-646-5996

The market has been pretty volatile lately and it has many people worried. Emotions are never a friend when it comes to investing in the market and they can cause us to make irrational decisions with heavy consequences. Richard will go over some of the history of the market and why these downturns are nothing to stress over. Show Notes: Retirement Rescue TOOLKIT: https://bit.ly/36RIDs3 Website: http://carolinaretirementresources.com/ Phone: 800-646-5996

Preparing for retirement can be intimidating and most people are not quite sure where to start. So we made a list of the top 10 items to consider when you are preparing for this next phase of life. Show Notes: Retirement Rescue TOOLKIT: https://bit.ly/36RIDs3 Website: http://carolinaretirementresources.com/ Phone: 800-646-5996

There are a lot of risks we have to consider when we are planning for retirement. However, one of the biggest risks is longevity risk. We will discuss why longevity can increase your risk in other areas of retirement if you are not proactive and some ways you may be able to protect your plan. Show Notes: Retirement Rescue TOOLKIT: https://bit.ly/36RIDs3 Website: http://carolinaretirementresources.com/ Phone: 800-646-5996

Taxes are one of the inevitable factors of life, so it's important that we have an efficient plan in this area. Richard will talk about some common strategies in this tax environment and how they can greatly affect your plan if carried out properly. Show Notes: Retirement Rescue TOOLKIT: https://bit.ly/36RIDs3 Website: http://carolinaretirementresources.com/ Phone: 800-646-5996

There are some financial planning blunders that are interesting to talk about but are quite rare in reality. On the other hand, there are some financial planning mistakes that happen far too often. Let's talk about the mistakes so many people have made in the past it has made them “classic”. Show Notes: Retirement Rescue TOOLKIT: https://bit.ly/36RIDs3 Website: http://carolinaretirementresources.com/ Phone: 800-646-5996

The retirement landscape has changed a lot in recent times. Pensions have gone away for the most part and retirees are now left to take income from their own nest egg. We will go over some issues that can pop up when doing this and offer potential solutions. Show Notes: Retirement Rescue TOOLKIT: https://bit.ly/36RIDs3 Website: http://carolinaretirementresources.com/ Phone: 800-646-5996

The conflict between Russia and Ukraine has a lot of investors worried about volatility in the market. But there are ways to position your portfolio to lessen the impact of volatile times. Richard will discuss some of these strategies and why you should never try to time the market. Show Notes: Retirement Rescue TOOLKIT: https://bit.ly/36RIDs3 Website: http://carolinaretirementresources.com/ Phone: 800-646-5996

Let's step into the classroom again to cover some financial buzzwords. Are these important to know? What are they? How do they impact you? We'll answer those questions and more as we always look to educate you a little bit on the show. Show Notes: Retirement Rescue TOOLKIT: https://bit.ly/36RIDs3 Website: http://carolinaretirementresources.com/ Phone: 800-646-5996

We'll go over the ins and outs of Roth IRAs, one of the most popular investment vehicles. Make sure that you're getting the most out of your Roth IRA account. Show Notes: Retirement Rescue TOOLKIT: https://bit.ly/36RIDs3 Website: http://carolinaretirementresources.com/ Phone: 800-646-5996

Inflation continues to be a huge economic topic around the country, with no end in sight. We'll dive into the latest numbers and see how they could impact your retirement plan going forward. Show Notes: Retirement Rescue TOOLKIT: https://bit.ly/36RIDs3 Website: http://carolinaretirementresources.com/ Phone: 800-646-5996

While there are some factors that are different for everyone in retirement planning (variables), there are also constants that affect everyone, no matter the specifics of your situation. How do we plan around these constants? Show Notes: Retirement Rescue TOOLKIT: https://bit.ly/36RIDs3 Website: http://carolinaretirementresources.com/ Phone: 800-646-5996

This episode is all about inherited IRAs. We will go over the special rules for this investment and why it's a good idea to seek a financial advisor if you find yourself in this situation. Show Notes: Retirement Rescue TOOLKIT: https://bit.ly/36RIDs3 Website: http://carolinaretirementresources.com/ Phone: 800-646-5996

Oftentimes, those who have been diligent savers and who consider themselves financially responsible will think that it means they haven't made any mistakes with their retirement plan. That isn't always true. While being responsible can certainly help avoid certain financial missteps, there are still some traps that you can fall into. Richard will detail what mistakes to watch out for, and how to avoid them. Show Notes: Retirement Rescue TOOLKIT: https://bit.ly/36RIDs3 Website: http://carolinaretirementresources.com/ Phone: 800-646-5996

Recently, we have felt the impact of inflation in many goods and services. We don't usually feel inflation year to year, but it's always there and can destroy a retirement plan if there's no preparation to address it. Richard will talk about the long term impact inflation can have on your retirement and how you might be able to hedge against it. Show Notes: Retirement Rescue TOOLKIT: https://bit.ly/36RIDs3 Website: http://carolinaretirementresources.com/ Phone: 800-646-5996

We have witnessed the government spend a lot of money over the past year and it doesn't seem to be stopping anytime soon. There is a proposed bill that will cost us $3.5 trillion dollars. Richard will discuss some of the retirement tax provisions included in this bill and the massive impact this bill could have on your retirement if it becomes law. Show Notes: Retirement Rescue TOOLKIT: https://bit.ly/36RIDs3 Website: http://carolinaretirementresources.com/ Phone: 800-646-5996

A divorce can not only devastate you emotionally, but it can completely wreck your financial stability. However, there are actions you can take to rebuild your finances. Richard will talk about some of these steps on today's show and the importance of making sacrifices now, so that you can have the retirement you want later down the road. Show Notes: Retirement Rescue TOOLKIT: https://bit.ly/36RIDs3 Website: http://carolinaretirementresources.com/ Phone: 800-646-5996

Let's address some frequent questions that we get from listeners about their 401Ks. Show Notes: Retirement Rescue TOOLKIT: https://bit.ly/36RIDs3 Website: http://carolinaretirementresources.com/ Phone: 800-646-5996

We have discussed the use of precious metals on the podcast, but today we discuss a different category in the world of metals. Metals such as lithium and cobalt are needed to make various products and we might see a rise in demand for these types of metals in the near future. Richard will discuss the top 3 reasons why it might be a good idea to invest in these metals on today's show. Show Notes: Retirement Rescue TOOLKIT: https://bit.ly/36RIDs3 Website: http://carolinaretirementresources.com/ Phone: 800-646-5996

There are dozens of mistakes that you can make when it comes to retirement planning. These are the most common ones that Richard runs into in his practice. Show Notes: Retirement Rescue TOOLKIT: https://bit.ly/36RIDs3 Website: http://carolinaretirementresources.com/ Phone: 800-646-5996

Inflation can pose an enormous risk to any retirement plan and many people fail to factor this risk in. Richard discusses the problems people face when they fail to plan for inflation and some potential strategies that can potentially protect your plan. Show Notes: Retirement Rescue TOOLKIT: https://bit.ly/36RIDs3 Website: http://carolinaretirementresources.com/ Phone: 800-646-5996

Many pre-retirees wonder if they should pay off their house before they go into retirement, or if it's okay to still carry a mortgage in this phase of life. Richard will give us some considerations when making this important decision and some common situations he sees with his clients. Show Notes: Retirement Rescue TOOLKIT: https://bit.ly/36RIDs3 Website: http://carolinaretirementresources.com/ Phone: 800-646-5996

We have heard for years how important it is to invest in the stock market. But some people don't know the exact reasoning to do this. Richard will talk to us about the different risks you may be able to minimize by putting money in the stock market and how impactful it can be in a retirement plan. Show Notes: Retirement Rescue TOOLKIT: https://bit.ly/36RIDs3 Website: http://carolinaretirementresources.com/ Phone: 800-646-5996

On the last episode, we discussed retirement blind spots that many people don't see coming. We continue this conversation today with a focus on medical costs and taxes. Show Notes: Retirement Rescue TOOLKIT: https://bit.ly/36RIDs3 Website: http://carolinaretirementresources.com/ Phone: 800-646-5996

Most retirees and pre-retirees have blind spots in their retirement plan—things that they never knew they needed to be thinking about. Richard will explain how each of these blind spots can be problematic if you do not plan accordingly. Show Notes: Retirement Rescue TOOLKIT: https://bit.ly/36RIDs3 Website: http://carolinaretirementresources.com/ Phone: 800-646-5996

The topic of inflation has been getting a lot of attention from the mainstream media lately. People are worried that inflation is going to continue to rise and skyrocket. As with any piece of news media, it's important that we take a step back and look at what's actually going on to see if it should be a top concern. Show Notes: Retirement Rescue TOOLKIT: https://bit.ly/36RIDs3 Website: http://carolinaretirementresources.com/ Phone: 800-646-5996

Taxes are a big focal point for retirees and this will likely continue into the future. So can a Roth be a good choice for you? Can a conversion be a useful tool for you? This week we discuss the conversion conversation. Show Notes: Retirement Rescue TOOLKIT: https://bit.ly/36RIDs3 Website: http://carolinaretirementresources.com/ Phone: 800-646-5996

Emotions are prevalent in our everyday lives, so it is not surprising that some people will invest their money emotionally. Richard will discuss why we should try to avoid emotional investing and the importance of keeping the course of a plan. Show Notes: Retirement Rescue TOOLKIT: https://bit.ly/36RIDs3 Website: http://carolinaretirementresources.com/ Phone: 800-646-5996

We talk all the time on the podcast about how a financial plan should be comprehensive. It's no use to have a plan that only tackles a few areas, but leaves a lot of key items out. We focus on the 4 key items that any financial plan should address and why they are so significant. Show Notes: Retirement Rescue TOOLKIT: https://bit.ly/36RIDs3 Website: http://carolinaretirementresources.com/ Phone: 800-646-5996

When potential clients come in for the first time to sit down with an advisor, they usually have a lot of initial issues because of the lack of a plan. We talk about the 3 main issues that new clients often have and how to address them. Show Notes: Retirement Rescue TOOLKIT: https://bit.ly/36RIDs3 Website: http://carolinaretirementresources.com/ Phone: 800-646-5996

There are a number of unexpected events that can take a real toll on your portfolio. Richard helps highlight a few of those events and how you can better prepare for them before they happen. Show Notes: Retirement Rescue TOOLKIT: https://bit.ly/36RIDs3 Website: http://carolinaretirementresources.com/ Phone: 800-646-5996

If you're invested in the stock market, market corrections are inevitable. We start to feel emotional when we see our portfolio going down and this can cause us to act irrationally. Richard talks to us about what market corrections are and how you may be able to dampen the impact of them with proper planning. Show Notes: Retirement Rescue TOOLKIT: https://bit.ly/36RIDs3 Website: http://carolinaretirementresources.com/ Phone: 800-646-5996

Inflation risk is also called purchasing power risk and it is the chance that your income from your retirement income plan won't be worth as much or purchase fewer goods and services later in retirement because of changes in purchasing power due to inflation. Show Notes: Retirement Rescue TOOLKIT: https://bit.ly/36RIDs3 Website: http://carolinaretirementresources.com/ Phone: 800-646-5996

This podcast was recorded on Inauguration Day 2021. We discuss what we might see in 2021, the market, and of course, the incoming administration.  Show Notes: Retirement Rescue TOOLKIT: https://bit.ly/36RIDs3 Website: http://carolinaretirementresources.com/ Phone: 800-646-5996

The financial world is certainly full of terms and jargon that most people don't understand. So we take time on this episode to discuss a few "key" terms we all hear and what they could mean for you and your plan. Show Notes: Retirement Rescue TOOLKIT: https://bit.ly/36RIDs3 Website: http://carolinaretirementresources.com/ Phone: 800-646-5996

Life is a series of risk vs return, isn't it? Certainly our finances and retirement are the same. As emotional beings, it is difficult to completely keep our emotions at bay, but learning to control them may contribute to our financial success. Show Notes: Retirement Rescue TOOLKIT: https://bit.ly/36RIDs3 Website: http://carolinaretirementresources.com/ Phone: 800-646-5996

When it comes to retirement planning, there are many items you have to consider when putting together the plan that will work for you. But on today's show we discuss 4 key items that you may want to take a closer look at when assembling your plan. Show Notes: Retirement Rescue TOOLKIT: https://bit.ly/36RIDs3 Website: http://carolinaretirementresources.com/ Phone: 800-646-5996

Assuming you still have some form of income, tax planning does not end once you retire. The (IRS) will always expect you to pay taxes on your retirement income. For those who are well prepared to maintain their standard of living in retirement, many find their tax bills are similar to when they were working full time. Some of you may even find you are paying more in taxes; this is common for retiring business owners. As the saying goes, nothing is certain except death and taxes. How can you make the most of your retirement investments and keep more of your hard-earned retirement income from getting sucked up by taxes? Show Notes: Retirement Rescue TOOLKIT: https://bit.ly/36RIDs3 Website: http://carolinaretirementresources.com/ Phone: 800-646-5996

Today we address 5 concerns we often hear from retirees. Richard will discuss each of these points and offer possible solutions so you can take these concerns off your list. Show Notes: Retirement Rescue TOOLKIT: https://bit.ly/36RIDs3 Website: http://carolinaretirementresources.com/ Phone: 800-646-5996

It can feel scary going from working to retirement. Most people worry about how they will pay for their expenses. That's why on today's show we discuss a few ideas for reducing our lifestyle costs in retirement that gives you more flexibility with your money. Show Notes: Retirement Rescue TOOLKIT: https://bit.ly/36RIDs3 Website: http://carolinaretirementresources.com/ Phone: 800-646-5996

We are currently in a volatile election year for many reasons, but we will put the political talk to the side today. Instead, let's look at taxes, the market, and the economy during an election year. Show Notes: Retirement Rescue TOOLKIT: https://bit.ly/36RIDs3 Website: http://carolinaretirementresources.com/ Phone: 800-646-5996

Football is back in most parts of the country, so it seems like a good time to see what we can learn about financial planning from the boys on the gridiron. Show Notes: Retirement Rescue TOOLKIT: https://bit.ly/36RIDs3 Website: http://carolinaretirementresources.com/ Phone: 800-646-5996

For many people, paying for long-term care services will have to come from personal savings and personal assets, either because they did not purchase a long-term care policy, or they do not qualify for Medicaid. We discuss a few other options this week. Show Notes: Retirement Rescue TOOLKIT: https://bit.ly/36RIDs3 Website: http://carolinaretirementresources.com/ Phone: 800-646-5996

This episode offers 10 great questions to work through before getting into an annuity. Richard breaks it down for us to help us better prepare should an annuity be on our radar. Show Notes: Retirement Rescue TOOLKIT: https://bit.ly/36RIDs3 Website: http://carolinaretirementresources.com/ Phone: 800-646-5996

The SECURE Act eliminated the Stretch IRA, so now we have to be a little more thoughtful on how to pass along an IRA to our heirs without a big tax consequence. Richard will talk us through a few strategies we should consider and why implementing a tax-efficient strategy is so crucial when passing along assets. Show Notes: Retirement Rescue TOOLKIT: https://bit.ly/36RIDs3 Website: http://carolinaretirementresources.com/ Phone: 800-646-5996

There is no question that nursing homes have been a hotspot for the Coronavirus throughout this pandemic. People are in such close proximity to each other and diseases can spread quickly. In reality, nobody wants to end up in a nursing home, but what other options are there? Richard will discuss some alternative options and how you can plan for long term care on today's show. Show Notes: Retirement Rescue TOOLKIT: https://bit.ly/36RIDs3 Website: http://carolinaretirementresources.com/ Phone: 800-646-5996