The Retirement Huddle

Most people approach retirement planning with a list of questions in hand, but what if you're asking the wrong questions? In this episode, Mark unpacks why traditional thinking about retirement often leads people astray. If you've ever fixated on your “magic number” for retirement or chased high returns, Mark will show you how those concerns might be holding you back and what to do instead.   Here's some of what we discuss in this episode:

In this mailbag episode, Mark tackles two listener questions from opposite ends of the retirement spectrum. One faces a potential layoff, and the other dreams of seeing the world. Different situations, same goal: a secure, flexible retirement. Mark shares clear, practical strategies for both, including how to build financial resilience, strengthen your emergency savings, and fund global adventures without derailing your long-term financial plans.    Here's some of what we discuss in this episode:

In this listener Q&A episode, Mark answers some of the questions that keep people up at night, from long-term healthcare without the monthly drain to how much to actually have in your emergency fund. We walk through strategies like Roth conversions, qualified charitable distributions, and alternative ways to cover long-term care costs, all with the goal of keeping more money in your pocket and building a retirement plan that works for your life.   Here's some of what we discuss in this episode:

For many, the dream of retiring before the traditional age of 65 is appealing, but it comes with its own set of challenges and considerations. In this episode, Mark explores the nuanced challenges of early retirement, from financial preparedness to managing longevity risk and the often-overlooked emotional aspects of leaving the workforce. Here's some of what we discuss in this episode:

Monopoly, Battleship, Risk, and even Candyland. All of these are board games that you may have played with your family or friends at some point or another. But did you know they also hold valuable lessons for your financial life? From avoiding emotional attachment to your investments to managing risk, these games can teach us a lot about making smart money moves. Tune in as Mark connects the dots between your favorite board games and a winning financial strategy!   Here's some of what we discuss in this episode:

In ​retirement ​planning, ​there ​are ​a ​lot ​of ​things ​that ​are ​completely ​out ​of ​your ​control. ​Fortunately, ​the ​things ​that ​you ​can ​control ​allow ​you ​to ​deal ​with ​those ​things ​that ​you ​can't. With so many variables out of our control, it's essential to focus on what we can manage to ensure a peaceful and financially secure retirement. This show will cover topics like market risks, lifetime income streams, tax strategies, and the role of Social Security in a comprehensive retirement plan. Join us to discover how to create a solid financial strategy that helps give you confidence for a long retirement. Here's some of what we discuss in this episode: We do an analysis of your portfolio to find out how much risk you're taking. You can't control longevity so how do you plan for income streams that will last? Managing your investments to control how much you'll be taxed in the future. We want to treat Social Security as a playcheck rather than a paycheck so that you're not really relying on it. Want to get in touch with Mark?  https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526                 

We're excited to bring a new mailbag episode to the show! We have two great questions to tackle in today's episode. First up, Becky asks if it would be crazy to buy a bigger house in retirement to accommodate her kids and grandkids and what factors she should consider before making that decision. Next, Donovan asks what he should focus on now at 45 to prepare for retirement at 60, given that his primary investment is his business and he doesn't have a 401(k). Tune in to hear Mark discuss these important retirement planning questions and offer valuable insights! Here's some of what we discuss in this episode: The financial and practical impact of upsizing a home before retirement Assessing your lifestyle goals in retirement How a small business owner can prepare for retirement without a 401(k) plan Want to get in touch with Mark?  https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526

Today we're going have a little fun by playing a game of Overrated, Underrated, or Rightly Rated. We're going to present some financial products or ideas and Mark will tell us which category he thinks they fall into. Join us as we discuss the importance of financial planning for retirement, including the benefits of setting up a Roth IRA and making consistent contributions. We'll also explore the overrated and underrated aspects of various financial concepts, such as tax refunds, mortgage payoff strategies, and variable annuities. Here's some of what we discuss in this episode: Why getting a tax refund is overrated. What does Mark think about the movie ‘Gone With The Wind?' Should you pay your mortgage of early or wait? Why Mark feels like variable annuities are overrated. The opinions on Roth IRAs can swing in both directions. Want to get in touch with Mark?  https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526  

Today we're going to have a little fun on the show by tackling the risks and realities of retirement planning by playing a game called ‘Two Truths and a Lie.' We'll challenge common beliefs about inflation, interest rates, and emergency funds by explaining what's true and what is actually a myth.  Here's some of what we discuss in this episode: Bonds don't do as well in an inflationary environment. Rising interest rates actually help savers.  You don't want to have any risk when it comes to your emergency fund. Market crashes can present great buying opportunities. Will Social Security ever just go away? Want to get in touch with Mark?  https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526                 

At times in life, we are presented with tough situations. While we can't always control the situations that are handed to us, we can control how we respond to them. Today, we'll discuss some challenging financial situations- such as market crashes, capital gains taxes, and even job loss- and instead of dwelling on the negatives, we'll focus on finding the silver linings! Here's some of what we discuss in this episode: What opportunities can exist in the event of a market crash Capital gains taxes mean you made a lot of money How interest rates work in two different directions Finding yourself and taking a moment to reset after losing a job Want to get in touch with Mark?  https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526                 

You never know where good advice will come from, which is what you'll find out today. Mark is exploring unexpected sources of financial wisdom from unlikely figures like Lindsay Lohan, Rosie O'Donnell, and Mike Tyson. Discover how recognizing your own emotional barriers, avoiding blanket financial advice, and having a flexible plan can lead to a successful retirement strategy. Here's some of what we discuss in this episode: In investing, we can be our own worst enemy at times. Tuning out some of the noise that comes from 24 hour financial news channels. Building a plan that allows you to roll with the punches. Want to get in touch with Mark?  https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526                 

When it comes to planning for retirement, many people focus on the obvious questions like how much money they need to save or when they should start drawing from their retirement accounts. However, there are several crucial questions that often go unasked but can significantly impact your quality of life during retirement. In this episode, we'll explore these overlooked aspects of retirement planning. Here's some of what we discuss in this episode: When will your life be downsized? How does the ‘widow's tax' impact your decisions in retirement? Challenges when you lose the ability to drive. Do you know who will be taking care of you late in life? Want to get in touch with Mark?  https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526                 

Planning for retirement is, at its core, about creating a reliable income plan. In order to enjoy the retirement you've dreamed of, you need to have a clear plan for covering your day-to-day expenses. In this episode, Mark will break down some of the key aspects of income planning for your retirement. Here's some of what we discuss in this episode: Adjusting your perspective on planning so you don't outlive your money How Social Security is like a fine wine Don't assume that bonds will be a primary source of retirement income Making sure that you are taking inflation into account Want to get in touch with Mark?  https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526

Arnold Schwarzenegger is known for his accomplishments in bodybuilding, acting, and politics, but his quotes offer more than just entertainment. They can provide a unique perspective on financial planning, especially when it comes to retirement. In this episode, Mark Howard explores how the mindset of a champion can be applied to the world of finance. From visualizing success to marching to the beat of your own drum, Arnold's words offer a fresh take on achieving financial clarity and confidence. Here's some of what we discuss in this episode: How investing when you're younger differs greatly from investing as you get near retirement. Using visualization as a tool to help achieve your retirement goals. In certain situations, you don't always want to be going in the same direction as everyone else. The value of being consistent and intentional in building your wealth. Want to get in touch with Mark?  https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526

Whether you're considering downsizing now that the kids have moved out or weighing the benefits of paying off your mortgage, today's episode dives into how you can make informed, strategic decisions about your home that align with your broader retirement goals. As life changes and your household shrinks, many homeowners find themselves in large houses with more space than they need. While downsizing can free up financial resources and reduce the burden of upkeep, it also presents unique challenges—especially in a market with fluctuating interest rates and rising housing costs. Mark shares insightful, real-life examples of clients who have navigated decisions like these.  Here's some of what we discuss in this episode: Whether or not to downsize, considering today's market. Paying off your mortgage early or keeping as is. Purchasing a vacation home or rental home. Relocating and considering potential long-term care needs. Want to get in touch with Mark?  https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526                 

When it comes to financial planning and saving for retirement, there's a lot to know! For instance, what scares people the most about the idea of retiring? Not knowing if they have enough money to last them! Mark explains that this fear, known as longevity risk, can be mitigated through proper planning. By building a mathematical plan, you can ensure that you won't run out of money before you run out of breath. As we go through our multiple-choice quiz, Mark shares more of his insight and expertise regarding common fears and concerns retirees often have. Find out if you answer the quiz the same way Mark does and learn more about how you can be mindful and strategic about your financial future.   Here's some of what we discuss in this episode: What scares people most about retirement? What tax bracket do most people find themselves in during retirement? How much money does the average person need? What do people wish they did more of financially? What happens in the first financial planning meeting?   Want to get in touch with Mark?  https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526                 

We all make mistakes, but when it comes to investing, these errors can feel particularly daunting. Today, we delve into practical strategies to not only recover from investment mistakes but also to build a robust financial plan for the future. Tune in to see what you can learn from Mark today!   Here's some of what we discuss in this episode: Identifying what causes a mistake. Increasing your savings rate. Recalibrating your goals. Building a comprehensive retirement plan.   Want to get in touch with Mark?  https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526

When it comes to retirement planning, financial advisors can be a huge asset as you work towards the next chapter of life. But that doesn't mean every relationship with an advisor is perfect. In this episode, dive into the most common complaints people have about their financial advisors.   Here's some of what we discuss in this episode: Making sure that you and your advisor are on the same page when it comes to risk tolerance. Ensuring that the fees you pay are worth the service you get. How we help our clients realize their goals and timelines. Know whether you are working with an advisor or a broker.   Want to get in touch with Mark?  https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526

Retirement is often compared to a marathon, and for good reason. Just like marathon training, retirement planning requires meticulous preparation, a diversified strategy, and a clear understanding of your goals. In today's episode, we'll explore the parallels between these two long-term endeavors and offer valuable insights on how to ensure a successful retirement.   Here's some of what we discuss in this episode: Paying extra attention to your portfolio in the years leading up to retirement. Avoiding overspending in the early years of retirement. Learning from and minimizing mistakes. Leaving nothing to chance.   Want to get in touch with Mark?  https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526                 

Join Mark as he draws the parallels between popular quotes you might have heard your grandmother say and the financial decisions that need to be made during the planning process. This episode offers valuable insights into how age-old wisdom can apply to modern financial planning. By understanding and applying these timeless sayings, you can navigate market volatility, balance certainty and uncertainty, diversify your investments, seek accurate information, and avoid unnecessary stress.   Here's some of what we discuss in this episode: Why the market reacts the way it does. Balancing certainty and uncertainty. Diversifying your investments to protect your portfolio.  Knowing what you are paying in hidden fees.   Want to get in touch with Mark?  https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526                 

The timeless wisdom of Mark Twain is always worth a listen. Join us as we analyze some of Twain's most famous quotes through the lens of a financial advisor! We'll have a laugh at Twain's quick wit and shed light on the complexities of retirement planning in today's unpredictable world.   Here's some of what we discuss in this episode: Having a steady income stream through your retirement. Building a financial plan that limits the effect of political decisions on your money. How money is a tool.   Want to get in touch with Mark?  https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526

Are you making rookie mistakes when it comes to planning for your retirement? Even those with strong experience in investing can make silly mistakes from time to time. Join Mark as he discusses some common things that can trip people up.   Here's some of what we discuss in this episode: Making sure that your investments have a defined purpose. Understanding risk and the role it plays in diversifying your portfolio. Avoiding making emotional decisions. Why you don't need to act on tips your friends and family give you. Most investors severely underestimate how much they're paying in fees. Want to get in touch with Mark?  https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526                 

How can you walk off a winner into retirement? Listen in as Mark dives into the key areas of retirement planning through the lens of America's pastime.   Here's some of what we discuss in this episode: How having a solid retirement plan is a little bit like playing “small ball.” The “Moneyball” approach, avoiding emotional decisions and focusing on the numbers. The “five tools” or the five key areas of retirement.   Want to get in touch with Mark?  https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526                     

Saving in your 401K can be an easy and painless way to build your retirement savings. But are you making the most of yours? Listen in as Mark breaks down the common pitfalls many people fall into with their 401(k) plans in today's episode.   Here are some 401K mistakes we'll discuss in this episode… Leaving money invested in a former employer's 401k plan Failing to rebalance often enough Sticking all of your money in a target date fund Assuming that your fees and costs are minimal since you don't see them on your statement   Want to get in touch with Mark?  https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526

When it comes to retirement planning, one critical aspect that's often overlooked is the designation of beneficiaries. It's not just about who you want to inherit your assets; it's about making sure that your wishes are carried out smoothly and without legal complications. Let's talk about some of the common mistakes we see people make when it comes to the beneficiaries of their accounts…   Here's some of what we discuss in this episode: Naming minors as beneficiaries Not coordinating your beneficiary designations and your will Not naming alternative or successor beneficiaries Naming your estate as a beneficiary Making errors on the application   Want to get in touch with Mark?  https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526

Conventional wisdom says you can't put toothpaste back in the tube. That is to say, once the deed is done, there's no taking it back. There are many decisions in retirement planning that can't be undone, and in today's episode, we're going to explore some of them.   Here's some of what we discuss in this episode: Choosing the right time to take Social Security The irreversible nature of decisions regarding spousal benefits on pensions The increasing cost and potential unavailability of life insurance as you age Retiring too soon without a well-conceived plan in place   Want to get in touch with Mark?  https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526                 

Have you ever faced the daunting task of moving to a new home? The careful packing, the labeling of boxes, and the strategic loading of the moving truck are all important parts of a smooth transition. What if we told you similar principles apply to planning for your retirement? Listen in as Mark and Ron share some of the unexpected similarities between moving houses and financial planning in today's episode.   Here's some of what we discuss in this episode: Like labeling boxes in a move, having a plan for your investment accounts can help you stay on track Certain financial assets, like emergency funds or retirement savings, require extra care and protection Similar to securing items in a moving truck, a well-designed financial plan protects assets from market volatility Rollovers act as the hand trucks of retirement accounts Hiring a professional to alleviate stress and ensure a successful transition   Want to get in touch with Mark?  https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526                 

There are certain rules of thumb in the financial industry, many of which you might've heard of. For example, the “Rule of 100” or the “4% Rule” might sound familiar to you. But how helpful are these rules of thumb in real-life planning? In this episode, Mark walks through 5 common financial rules and shares his thoughts as a financial advisor.   Here's some of what we discuss in this episode: The Rule of 100 is a helpful way to think about risk and savings as you approach retirement Why Mark generally disagrees with the 75% Rule The 6-Month Savings Rule is a reasonable guideline for emergency funds The accuracy of Wall Street's Rule of 5 The danger of the 4% Rule + the importance of comprehensive withdrawal strategies   Want to get in touch with Mark?  https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526

Welcome back to the Retirement Huddle podcast! In today's episode, we're exploring the timeless wisdom of Oscar Wilde. Celebrated as one of the English language's most quotable figures, he offers us a unique lens to explore financial wisdom.   Here are the quotes we discuss in this episode: “I have the simplest tastes. I am always satisfied with the best.” “Education is an admirable thing, but it is well to remember from time to time that nothing that is worth knowing can be taught.” “To expect the unexpected shows a thoroughly modern intellect.” “Experience is simply the name we give our mistakes.”   Want to get in touch with Mark?  https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526                 

One of the topics we discuss pretty frequently here on the show is life insurance. While it may not be the most exciting subject, there are several reasons why life insurance might be useful as part of your retirement plan. Stay tuned as we explore the diverse benefits of life insurance in this episode.   Here's some of what we discuss in this episode: The importance of life insurance in providing income replacement for surviving spouses The role of life insurance in settling an estate + building a legacy for beneficiaries The power of buying life insurance when you're young How life insurance can make transferring family wealth easier and more tax-efficient The benefits of life insurance for small business owners + high-income earners How the life insurance industry is helping people who can't afford long-term care   Want to get in touch with Mark?  https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526                 

Today we're diving into the world of retirement planning through the lens of one of history's most iconic figures, Winston Churchill. While many of us know Churchill for his leadership during World War II, you might be surprised at how much his quotes resonate in the world of retirement strategy. Stay tuned as Mark shares his insights on some of Churchill's most iconic quotes and how they apply to the landscape of financial planning.   Here are the quotes that we discuss in today's show: “We shape our dwellings, and afterwards our dwellings shape us.” “We must be aware of needless innovations, especially when guided by logic.” “The problems of victory are more agreeable than those of defeat, but they are no less difficult won in the world.” “The farther backward you can look, the farther forward you're likely to see.” ''To build may have to be the slow and laborious task of years. To destroy can be the thoughtless act of a single day. ''   Want to get in touch with Mark?  https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526

Far too often, people aren't receiving the advice they truly need from their financial advisors. It's not uncommon for financial professionals to focus solely on managing investments, overlooking the broader context of clients' aspirations, dreams, and lifestyle goals. Tune in to discover what your advisor might be missing…   Here's some of what we discuss in this episode: Does your advisor talk to you about taxes? Is your advisor evaluating the fees and costs of your investments? Are you having conversations about your retirement income? Is your advisor helping you understand the target and goal for each of your invested dollars? Are you talking about and planning for your legacy goals?   The 7 Habits of Highly Effective People: https://www.amazon.com/Habits-Highly-Effective-People-Powerful/dp/0743269519   Want to get in touch with Mark?  https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526                 

In today's conversation, we're going to focus on six key reasons why a Roth conversion might be a game-changer for your financial future. As the dreaded April 15 tax deadline approaches, Mark is here to share why this strategic tax approach makes sense for just about everyone and is a great retirement vehicle to consider.   Here's some of what we discuss in this episode: If you're expecting a higher tax bracket in retirement, a Roth could be a wise choice Roths don't have required minimum distributions Tax diversification is important for minimizing tax impacts on Social Security income, and avoiding increased Medicare premiums The implications of the SECURE Act on non-spouse beneficiaries + how a Roth IRA can offer tax-free income The impact of life events such as death or divorce on your tax filing status The benefits of doing a Roth conversion when IRA holdings are temporarily down   Want to get in touch with Mark?  https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526                 

Have you ever wondered what happens when you decide to give us a call? In this episode, we're pulling back the curtain to give you an inside look at how we guide our listeners through the preliminary process at Howard Financial Group.   Here's some of what we discuss in this episode: What does the discovery phone call process look like? Some of the common concerns and life circumstances we frequently receive calls about Why listening and communication are such vital parts of this process The importance of involving family members in the financial planning journey   Want to get in touch with Mark?  https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526                 

It's that time of the year when Christmas music is playing everywhere you go. We all have our favorites, and we also have songs we start getting tired of hearing. But for the most part, the music adds a wonderful soundtrack for one of the best times of the year and helps puts people in good spirits. But what can we learn from all of these holiday classics? Today we'll take four of the top Christmas songs and find the financial message within the music. No matter what you celebrate this time of the year, the lessons we'll discuss today will apply to your financial plan.    Here's some of what we discuss in this episode: The 12 Days of Christmas teaches us the importance of patience. Rudolph shows us the value of persistence. Mommy Kissing Santa Claus reminds us that things aren't always as they seem. What can we learn from Grandma Got Run Over By a Reindeer   Want to get in touch with Mark?  https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526                 

Welcome back to The Retirement Huddle podcast! In today's episode, Mark is going to tackle some of the unanswerable questions that often pop up when planning for retirement. From predicting market crashes to navigating the uncertain landscape of future taxes, stay tuned for insights on building a robust retirement plan that stands the test of time.   Here are the difficult questions we tackle in this episode: “When is the next market crash going to be?” “What are medical costs going to be like 20 years from now?” “What are taxes going to be like when I retire?” “How many years do I need to prepare for in retirement?”   Want to get in touch with Mark?  https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526                 

What can our favorite cereals teach us about financial planning? Much like selecting cereal, choosing financial products involves a myriad of options, each with its own set of benefits and drawbacks. From healthy and sensible choices to the flashy and appealing, Mark and Ron draw parallels between cereal selection and financial decision-making in today's episode.   Here's some of what we discuss in this episode: Fruity Pebbles: Risky financial choices such as overloading a portfolio with gold, crypto, or retiring early without proper planning Raisin Bran: Seemingly healthy financial choices like whole life insurance and starting Social Security early, which may not be as beneficial upon closer examination Sprouted Brown Rice Cacao Crisps: Less exciting but effective financial strategies such as long-term market investments, term life insurance, and low-risk guaranteed income strategies Frosted Flakes: Financial products endorsed by mascots or celebrities + the importance of choosing trustworthy and reliable financial sources   Want to get in touch with Mark?  https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526

In today's episode, we're going to discuss some of the unreasonable requests that can arise during the retirement planning process.  Tune in as we tackle some common misconceptions, dissecting why they may not be feasible, and provide valuable insights on what to expect instead. From desiring high returns with little to no risk to hoping to avoid paying taxes on your IRAs and 401ks, Mark will shed light on the realities of successful retirement planning in today's talk.   Here's what we'll discuss in today's show: "I want to get some bigger returns with little or no risk" Is it reasonable to request a reduction in fees for financial advisory services? “How can I get out of paying taxes on the money in my IRAs, and 401ks?” Why it's crucial for individuals to actively participate in their retirement planning process   Want to get in touch with Mark?  https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526                   

The classic film, Forrest Gump, is filled with loads of memorable lines that many of us know and love. In today's episode, we're going to explore the unexpected financial lessons that are hidden within this iconic movie. Listen in as we discuss the importance of putting the past behind you, making informed decisions, planning for the unexpected, and much more.   Here are the quotes we discuss in this episode: "Mama always said, life was like a box of chocolates. You never know what you're gonna get." "You've got to put the past behind you before you can move on." "What's normal, anyway?" "Mama always said dying was a part of life. I sure wish it wasn't."   Want to get in touch with Mark?  https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526                 

In this episode of “The Retirement Huddle,” we're diving into the world of retirement income gaps. Mark shares his insights on the different types of gaps individuals may encounter during retirement and how to effectively prepare for them. From the paycheck gap to the widow's gap, we'll discuss the importance of having a comprehensive income strategy to ensure financial stability and peace of mind in retirement. Here's some of what we discuss in this episode: Paycheck Gap: When retiring, it's crucial to plan for the gap created when you leave your regular paycheck. Maximize Social Security benefits and consider investments to fill the income void. Social Security and Medicare Gaps: Retiring before Medicare eligibility at age 65 can create healthcare coverage gaps. Explore alternative healthcare options and plan for short-term healthcare needs. Inflation Risk: Inflation can erode your purchasing power in retirement. Build an inflation-proof retirement plan to ensure your income keeps pace with rising living costs. Long-Term Care Gap: Healthcare costs can become a significant financial burden in retirement. Explore options to cover potential long-term care costs, such as alternative insurance or income streams. Widow's Gap: Often overlooked, the income gap that occurs when one spouse passes away can be substantial. Plan for this gap to ensure financial stability for the surviving partner.   Want to get in touch with Mark?  https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526                 

Have you ever wondered why Mark works in the financial planning business? What drove him to start Howard Financial Group? In this episode, Mark opens up and shares his influences, dreams, and goals to help you get to know why he's so passionate about what he does every day.   Hopefully that passion has come across in this podcast over many episodes, but we wanted to take a little time on the personal side of the business. It's not a question we get every day but knowing who we are and what's important to us will help us serve you better.   Here's some of what you'll learn in this episode:  The impact his father had on his life and why his passing changed the trajectory of Mark's career. Why Mark sold his ownership in a health club to move into the financial industry. What professional influences has he had since starting the business? What he considers to be the most gratifying and most frustrating parts of the job.   Thanks for listening! We'll be back for another show every other Thursday.   Want to get in touch with Mark?  https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526                 

Social Security is a big part of what we discuss with clients on a daily basis because the majority of us will rely on this retirement benefit for income after we've stopped working. Despite its importance to planning, there's a lot that the average person doesn't know about Social Security.   Here's some of what you'll learn in this episode: What are work credits and how many do you need? Some of the rules surrounding spousal benefits and who might benefit. The conditions for claiming benefits from your ex-spouse. What is the earnings test and how does it tie into your benefits? Your Social Security benefits can actually be garnished by the federal government.   Want to get in touch with Mark?  https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526                 

Have you ever watched the hit TV show Parks and Recreation? The comedy show starring Amy Poehler and Nick Offerman ran from 2009 to 2015 and followed the antics of an Indiana town's public officials as they pursued projects to make their city a better place.   Believe it or not, you can learn a lot about retirement from the show, especially from the character Ron Swanson, played by Offerman.     Check out today's show if you want to hear more of Ron's wisdom. As always, if you have any questions about retirement or investing, feel free to reach out to us for help.   Here's is some of the wisdom we discuss in this episode:  “There's only one thing I hate more than lying: skim milk. Which is water that's lying about being milk.” “I'd wish you the best of luck but I believe luck is a concept created by the weak to explain their failures.” “The whole point of this country is if you want to eat garbage, balloon up to 600 pounds and die of a heart attack at 43, you can! You are free to do so. To me, that's beautiful.”   Want to get in touch with Mark?  https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526                 

Late night comedian and host Johnny Carson could bring the funny, but his words also carried wisdom about financial planning. He famously said that people will pay more to be entertained than educated.   Check out today's show if you want to hear more of Johnny's wisdom. As always, if you have any questions about retirement or investing, feel free to reach out to us for help.   Here's some of what you'll learn in this episode: “I know a man who gave up smoking, drinking, sex, and rich food. He was healthy right up to the day he killed himself.” “People will pay more to be entertained than educated.” “I work because I enjoy what I'm doing, and the fact that I make money at it is a fine-and-dandy side fact.”    Web: https://retirementhuddle.com/ Email: mark@howardfinancialgroup.com Phone: 888-511-7526

It's time for another mailbag episode! We have an exciting lineup of topics to discuss today. Listen in as we tackle some current questions from our listeners, and you'll likely gain some invaluable insights to help you make informed financial decisions.   This episode could be very helpful if you're looking to improve your financial situation and prepare for retirement. We will discuss what to do with extra money, how to have conversations about your will with your kids, and more. You don't want to miss this one! If you have any questions about retirement or investing, feel free to reach out to us for help.   Here's some of what you'll learn in this episode:  What should we do with extra money? (0:48) What's the best way to keep my kids from being upset over a will? (4:25) How much should you save each year? (8:28)   Want to get in touch with Mark?  https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526                   

On the list of dozens of retirement-related concerns, how high on the list does the potential need for long-term care rank for you? If you live long enough, chances are you will need extra medical help, and those expenses can add up quickly. On today's show, we'll share some questions you should consider when deciding whether you need long-term care insurance.   Here's some of what you'll learn in this episode:  Who needs long-term care insurance? (1:00) How realistic is it to self-insure against long-term care expenses? (2:05) Mailbag: It is common for children to help parents with long-term care? (5:53)   Want to get in touch with Mark?  https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526                 

It's time for another mailbag episode! We have an exciting lineup of topics to discuss today. Listen in as we tackle some current questions from our listeners, and you'll likely gain some invaluable insights to help you make informed financial decisions.   In this episode, we discuss what to do if your life insurance cash value is getting lower, how to get your spouse more involved in finances and when to walk away from your job, 401(k), and stock options.   Here's some of what you'll learn in this episode:  Why is my mom's life insurance cash value getting lower and lower? (0:57) Should I make my husband get more involved in our finances? (3:22) Should I walk away from my job and stock options? (8:12)   Want to get in touch with Mark?  https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526                 

Where some people see a crisis, others see an opportunity. Some of it has to do with your mindset, and some of it might have to do with the circumstances of your life. Whether you're navigating a market crash, have an empty nest, or get laid off, we'll explain the good and bad that can come from these life experiences. If you're going through a tough time, hopefully today's show will shed a little light on your situation.   Here's some of what we'll discuss in this episode:  What should you do when you're empty nesters? (1:26) What should you do during a market crash? (3:59) What should you do about long-term care insurance? (6:39)   Web: https://retirementhuddle.com/ Email: mark@howardfinancialgroup.com Phone: 888-511-7526  

There are financial lessons to be learned from almost every area of life. So, let's see what we can learn about retirement planning from things that get discussed on the Weather Channel. Join us for a unique and insightful lesson on financial planning through weather-related analogies.      Here's some of what you'll learn in this episode: What's the tornado of the financial world? (1:14) Where do we find jet streams in the financial world? (3:52) Is there a heat index in retirement planning? (5:09)   Want to get in touch with Mark?  https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526                   

How much do you know about your own finances? Do you know how much you spend, how much risk you have, and what you're paying in fees? In today's episode, we'll challenge you to assess your financial competency by asking you these crucial questions and more.     Here's some of what you'll learn in this episode:  How much retirement savings do you have? (1:10) How much money do you spend? (2:25) How much risk do you have in your portfolio? (4:38)   Want to get in touch with Mark?  https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526                 

It's time for another mailbag episode! We have an exciting lineup of topics to discuss today. Listen in as we tackle some current questions from our listeners, and you'll likely gain some invaluable insights to help you make informed financial decisions.   This episode could be very helpful if you're looking to improve your financial situation and prepare for retirement. We will discuss whether to turn your guesthouse into an AirBnB, when to get Medicare, and more. You don't want to miss this one!   Here's some of what you'll learn in this episode:  Should we turn our guesthouse into an AirBnB? (0:55) Should I stay on my company's health insurance or get Medicare? (5:54) Is it too late to make money moves if you've already lost money? (8:25)   Web: https://retirementhuddle.com/ Email: mark@howardfinancialgroup.com Phone: 888-511-7526