The Retirement Matters Show

On this episode of The Retirement Matters Podcast, let's take a journey. Dale sits down with a travel agent, someone who plans vacations for families all across the world. As a travel agent, his job is to make sure you're not spending too much money and to make sure you're not missing out on amazing opportunities. Many of our retirees have the desire to travel at some point in their life. We like to talk about the "GoGo" years, the first ten to fifteen years after retirement, that's when retirees are spending the most of their money in retirement. We hope a lot of that money goes toward living the lifestyle you desire.

On this episode of The Retirement Matters Podcast, Dale highlights the most recent changes that took place in the Secure Act. We call it the Secure Act 2.0. This bill changed a lot of the retirement rules we know today. It is often said that the tax code is written in pencil, not in pen. We have to realize that this tax code, and the entire retirement system that we bank on, is subject to change in a moments notice. If your advisor is not ready and prepared to make changes for you, it might be time to find a new advisor.

On this episode of The Retirement Matters Podcast, Dale talks about how doing the same exact thing may not be the best thing to do in our day to day lives, especially in the financial world, and how we manage our money.

On this episode of The Retirement Matters Podcast, let's go shopping! Dale discusses the "shopping" process of a retiree. He uses the analogy of going to the grocery store as a way to show how a typical retiree or pre-retiree will go throughout their life, their working years, buying stocks and putting them in their basket. Maybe they are taking certain stocks out of their cart and putting them back on the shelves but at the end of the day, what they have in their cart when they check out is what they need to use to build their meals for the future. Very similar, what is in YOUR portfolio will be needed to generate the income YOU desire in your future. Dales uses this analogy to hopefully paint a picture for the listener explaining to them why it is necessary for them to have a plan before entering the preverbal grocery store and why it is necessary for you to work along side a fiduciary advisor to help you build your list to make sure you are buying the right products. Let us help you build your list, make sure the coupons are clipped out when needed, and help you prepare the meal when you get home. It's what we do.

This week on The Retirement Matters Podcast, Dale brings you the most recent episode of The Retirement Matters Show. The Retirement Matters Show is a radio show Dale does each and every week that airs in South Central Kentucky and North Central Tennessee. In this episode, Dale tells a quick story about his son at a football game and relates that to investment planning. Investment planning, if done in a short-term window with a short-term perspective, can be done entirely wrong yielding a terrible result for your long-term goals. Don't be a bandwagon investor, let us help you make the best investment decisions for your long-term goals!

On this weeks episode of The Retirement Matters Podcast, Dale brings you a radio show that aired across Kentucky and Tennessee the weekend of Thanksgiving. The market had a fairly decent week, a short week, but positive. Dale Smothers tells a story about himself learning how to ski and how your mindset must change in retirement. Your approach to retirement planning is different on the way down the mountain then it is up. On the way down the mountain, it's just you and your skis. On the way up, you're sitting on a chair lift that's designed to take you there. The stock market is designed to take you to the top of the mountain, figuratively, but it's a really terrible tool to get you back down the mountain. Leaving your money 100% in the stock market, in the same stocks that got you to where you are in retirement, is one of the biggest mistakes we see retirees making. WE want to make sure that's not you.

On this weeks episode of The Retirement Matters Podcast, Dale is bringing you a radio show that aired between November 11 and November 14 across Kentucky and Tennessee. Dale Smothers discusses the most recent move of the CPI (Consumer Price Index), ticking down two tenths of a percent. He discusses why it is important or why you need to be paying attention but also why the irrationality of the market has caused the markets to shoot straight up. It is a very irrational move and at best, it is something you should be paying attention to. At worst, it is something you might need to be selling off. How can YOU separate your retirement success from the ups and downs of the stock market?

"Take the Scenic Route"... this week's podcast almost defines exactly what Dale is talking about. In retirement planning, we tend to see people who are so worried about the stock market, or people who are so worried about running out of money that they don't take the time to enjoy the scenery around them. Dale paints the perfect image that will not only take you the scenic route but will also walk you through how a proper plan will allow you to enjoy the rest of your journey.

Dale brings you the most recent radio show where he discusses the parallels of retirement planning and learning how to fly. The beginning may not be that difficult, during the middle, you just have to keep it steady, but the ending comes down to a critical moment where one wrong thing can mess up the whole plan! Learn ways that you can prevent your saved assets from being ruined by a plane crash.

On this Episode of The Retirement Matters Show, Dale is talking to Josh Turner, a co-founder of the 10ten project, pastor, leader, husband, and, most importantly, a father. Josh has a great story of perseverance, faith, and it teaches a great lesson on how to LIVE HAPPY.

On this Episode of the Retirement Matters Podcast Dale, brings you the most recent radio show where he discusses the Inflation Reduction Act. He brings basic information to you as a retiree and how it may impact you should it come to fruition.

On this episode of the Retirement Matters Podcast Dale pauses for positivity! Now this isn't necessarily financially related, be here at RDS Wealth we believe in Saving Money, Planning Well, and Living Happy. Today's episode is all about that third component. So tune in and pause for positivity!

This week on The Retirement Matters Podcast, Dale discusses 3 different pieces of advice that he has recently come across on an USA Today article that was written by a gentleman who is all over the financial news and who holds himself out as a financial expert. The problem with this is, is that he gets into someone else's lane when he begins to discuss how to invest for retirement rather than sticking with his own specialty of not spending more than you make and making sure you stay out of debt. He will give advice on why or why not you should be purchasing mutual funds. He also talks about when you should begin investing for retirement, and what interest rate to expect when you do begin investing for retirement. Dale goes on to address those 3 pieces advise and why it is important to be able to apply it to your own individual retirement plan.

On this weeks episode of The Retirement Matters Show Dale brings you the most recent Radio show where he discusses the market taking its most recent hit. At the time of this episode the market it down 20-30% depending on what index you are tracking. He says overall there are a lot of opportunities in the market right now that people are afraid to take. He introduces the Monty Hall Problem, and the mathematics behind it. Sometimes changing your mind is a good idea, it's not always a bad thing. Mathematically it is proven in the Monty Hall Problem to be a wise decision. Changing your mind does not mean you were wrong, it means you are now able to take the information at hand and make a better decision. Tune in and learn the why behind the Monty Hall Problem and how you can play into the downs of the market.

On this episode of The Retirement Matters Show Dale discusses Retirement Planning and how it is like climbing Mount Everest. He shows you the parallels between the two. Most deaths from Mount Everest are not from climbing up the mountain, but coming back down the mountain. Much like in Retirement! Reaching the Date of retirement is only half the Battle. Tune into this episode to learn how you can live a full, happy and safe retirement!

This weeks episode of The Retirement Matters Show Dale brings you the most recent radio show about relativity! Dale discusses how everything in the stock market right now is relative. Is this the best time or the worst time in the market? Is this the worst time you will ever see the Market in your lifetime? It all depends on where you are in your retirement journey. If you are just starting your retirement planning journey you are looking at some of the best times in the market. If you are towards the end of your retirement planning journey or just entering into retirement, this is possibly the worst times in the market. Because of the relativity, it is hard to take cookie cutter advice when it comes to your retirement plan. At RDS Wealth we tailor make your retirement plan so that it's relative to you and your needs! Tune in to catch the entire episode and find out what you can be doing to help build your retirement plan!

On this weeks episode of The Retirement Matters Show Dale asks you to think about what is going on in today's market and to talk about what you can do in a retirement or any investment account to be able to safe guard some of your principals and protect it from losing money as the market sails off. At the time of this shows recording, we are looking at all time lows in the market. Within this episode, Dale will discuss ways to hedge against losses and give some general advice, for someone who is looking for security of principal or income in or near retirement. This is advice is not for listeners in their 20s or 30s looking to grow their account, if you are a listener in your 20s-30s, right now there are some really good growth opportunities for you. If you have 5 years or less in your time horizon and you are needing this money for income, it's a very dangerous time to be in the market. In this episode you will learn what is going on in the market and why it is happening. Tune in to this episode to get some great advice or contact us if you need help structuring your retirement account!

On this weeks episode of The Retirement Matters Show, Dale discusses the decline in the market and how we can value a stock, or value a company. It's important to know the value of the stock you hold and that "waiting and seeing" may not be the best option for you. If you are two years or less from retirement their are ways to safe guard principal while also establishing the income you need in retirement! Be sure to tune in to catch all the info!

On this episode of The Retirement Matters Show, Dale discusses the key to a successful retirement! How there is one skill you must master in order to live a happy life! Make sure you take a listen to learn what that key skill is and how you can implement it through your own life, and your own retirement!

Tune into this episodes with Wade Pfau, Ph.D., CFA, RICP. Dale and Wade discuss Wade's newest book; Retirement Planning Guidebook: Navigating the Important Decisions for Retirement Success! Pfau is the Author of 4 published books with a doctorate in economics from Princeton University, Professor of Retirement Income at The American College and is the program director of the Retirement Income Certified Professionals Designation! Take a listen to her some great advice about Retirement from 2 RICP!

Podcast guest Marcus Rodgers, is a Campbellsville native with 2 masters degrees one in Business Administration and another in Art of Teaching. He is the Business teacher at Taylor CO. High School where he teaches Business Finance and oversees 2 student ran business: Cardinal Kroger and Cardinal Financial Center. Marcus is also an adjunct professor for 3 different universities, and has been nominated/appointed to several prestigious positions. Throughout this podcast you will hear Dale and Marcus discuss personal finance and get the inside scoop of where you should be putting your hard-earned money along with how to start/manage your Financial Journey!

If your portfolio feels off balance you are going to want to take a listen! Dale talks about the importance of having a balanced portfolio. If you or the advisor you are working with is not checking on your portfolio often, it could be off balance! This means losing money! If you are not investing your money, you are losing your money. Inflation depreciates the value of the money you have in the bank. Be sure to listen so you don't get caught on your heels and can stay on your toes!

This weeks episode on The Retirement Matters Show is an exciting one! We are so incredibly proud to be able to offer Taylor County and surrounding counties our BETR Class! Our Bacon Eggs Toast and Retirement event will be held on May 21st @ 10AM. This event will discuss all things retirement, and allow those who are 5 years or less from retirement to retire with more peace of mind. This event is FREE of charge with a breakfast catered by Druther's. If you or someone you know would benefit from this event please call our office at 270-600-7526 for more information or to RSVP for the event!

This weeks episode of The Retirement Matters Show Dale mentions information that pertains more to our live listening audience. He starts with boasting about his uprising and then moves to bragging on his son, Matthew for his Birthday that was on April 16th! He also mentions other important dates like April 18th (Last day to pay your taxes) and an upcoming educational seminar on May 21st that will be held in our office! Dale then goes on to speak on compound interest and its ability to help grow your assets!

On this episode of The Retirement Matters Show, Dale discuss bonds and how they will not preform aggressively enough in the next 30 to 40 years in order to get you where you want to be in your retirement journey! The reason being, interest rates! Interest rates will rise but when they do, that bond you hold will actually become less valuable. He then discuss the 60- 40 portfolio. A portfolio that is made up of 60% stock and 40% fixed income in the form of bonds. Be sure to take a listen to find out why this type of portfolio is dead, and learn about the type of portfolio you should really be looking into!

On this episode of The Retirement Matters Show, Dale discusses financial tools; stocks, bonds, annuities and fees. When you use emotions when making a financial decisions you could end up in a bad situation. He goes on to tell you why you should not be using emotions when making financial decisions and how to eliminate those emotions. Be sure to tune in so your emotions won't get the best of you, when making that next big financial decision!

On this weeks episode of The Retirement Matters Show, Dale walks you through the retirement journey from start to finish, If you are in your teens, 20s,30s, or even 40s the best thing for you to do is to just start, protect your income and invest. If you are in the 45-65 age rage it's time to start planning your approach to the date of your retirement! Tune into this weeks episode, and talk with an advisor! You don't want to land your retirement plane alone!

On this weeks episode of The Retirement Matters Show, Dale discusses unnecessary fees that may be weighing you down! He says that if a broker is selling you an A-share mutual fund, you are paying a much higher expense than what you need to be paying! He goes on to say that there is absolutely no difference between an A-share mutual fund vs. any other shared mutual fund except that it is more expensive! Be sure to take a listen to learn how you could possibly save money!

On this episode of The Retirement Matters Show, Dale discuss the dips in the market, he tells listeners that if they are 5 - 10 years from retirement to just be still, don't sell. In fact buying during the dip is smarter than selling. You only lose money in selling at this point in time. If you have money sitting in a 401(K) talk to someone about getting it moved to the right place! If you are in a stock for the “long-haul” it is okay to be still and hold on to the stock you already have. Be sure to listen to catch all the advice Dale has to give!

On this weeks episode of The Retirement Matters Show, Dale explains what a Target Date Fund is and discusses what your Target Date Fund in your 401K means and urges listeners who are close to retirement to take a look at their personal Target Date or have an extra set of eyes take a look! He lets you know that if you have a Target Date Fund you can eliminate at lot of fees within that through the help of a financial advisor! Target Date Funds are there to help those getting ready to retire but need to be looked over to ensure they are benefitting you properly! Take a listen to be sure to catch all the info!

On this episode of The Retirement Matters Show, Dale discuss what is happening between Russia and Ukraine and what that means for you and for the Stock Market. He provides you with the “three bucket” approach - Safety, Growth and Income. He explains that all of your money should be in one of these three “buckets.” Safe money- Money that is accessible to you, cash, liquid easy to get, emergency money! Growth money- Money in the Stock Market that has an opportunity to grow. Income money- Money that is principal protected. Dale then goes on to explain to listeners the importance of that Income “bucket” Take a listen so that you will be on the right track towards a successful retirement!

On this episode of The Retirement Matters Show, Dale discusses the road to retirement! He tells listeners that planning well for retirement is the key to a successful retirement! You have to be aware when to speed up, and when to slow down for curves and unknowns. This is all based on your objectives and where you currently sit in your retirement journey. Dale says that the only accurate way of calculating all of this is asking the right questions! Your financial advisor needs to be asking you these questions to ensure your retirement journey stays on the right path!

This week on The Retirement Matters Show, Dale sits down with Brian Levy founder of BML Wealth Management from Orange County, CA. They discuss the benefits of working with an Independent Advisors vs Advisors who are employed by companies who push certain products. Dale and Brian both know that the Retirement journey is unique to every individual. The cookie cutter approach isn't always the best fit! Make sure when you are planning your Retirement, that it is with a Retirement specialist! COMING SOON - The full Interview with Brian Levy! Be sure to circle back to our page and take a listen!

This week on The Retirement Matters Show, Dale discusses the power of Compound Interest and time. When used together these two components will have a positive effect on your life as you near retirement. When it comes to investing your money, time is the most important factor. Dale urges younger listeners to start “paying yourself first” now, so you can reap the benefits in retirement! However, if you are already retired or are nearing retirement, you should begin to transition your mindset from trying to GROW your retirement accounts to ensuring your income goals are met. During this time, losses hurt you more than gains can help you and your mentality is more about protecting, not compounding.

In this episode of The Retirement Matters Show, Dale discusses the fixed index annuity's proper place inside of a retirement plan. The Fixed indexed annuity is NOT a plan all by itself but it can be a very useful part of your overall plan if properly structured. However, Dale warns listeners about the negative effects they can have when used improperly or when structured incorrectly within your plan. The Fixed Indexed Annuity is a very complex product that should only be utilized within a written retirement plan. There are many "pros" to this investment option but there are some really bad "cons" as well- listening to this episod may arm you with the information you need when talking to an "advisor" about these products, ensuring you aren't being SOLD snake oil.

What exactly is a Financial Advisor? In this episode of The Retirement Matters Show, Dale explains the difference between an Insurance Salesman and a Financial Advisor. He discusses ways you can protect your money when the market is down. If you are fixing to retire, be sure to tune in to this episode!

When the stock market is down, are you okay with seeing your money go backwards? In this episode of The Retirement Matters Show, Dale discusses how you can move a portion of your money to a more secure position. Tune in to find out how if you have a plan in place, you can take advantage of the snow days in the market.

In this episode of "The Retirement Matters Show", Dale's son Andrew talks about how he wants to build an igloo with the snow, but has no idea how much snow it takes to build an igloo. Dale has very similar discussions with those looking to have grand plans and dreams in retirement, but have not planned on how much money it will actually take to make those dreams a reality. At RDSWM, we can help you lay out a roadmap for retirement income.

Tune in to learn all of the exciting plans RD Smothers Wealth Management has for 2022! For any questions you may have that you would like Dale to discuss on air, email: contact@rdswealth.com.

Do you have a plan in place for retirement? In this episode of The Retirement Matters Show, Dale discuss how RD Smothers Wealth Management can help you, whether you are saving for retirement, or fixing to retire. He reviews how RDSWM can help you with your 401K, IRA, and pension, all the way to helping you plan for medicare expenses, estate planning, and long term care.

In this episode of The Retirement Matters Show, KY State Senator, Max Wise sits down with Dale to discuss the integrity of the Kentucky Retirement and Pension System. Their conversation was recorded on Friday 12/10/2021, and was set to air across the state on Saturday morning, 12/11/2021. However, later that evening Kentucky experienced one of the worst tornado outbreak in the state's history. That next morning, Saturday morning, almost every station across the southern portions of Kentucky were carrying live coverage of the devastation and coordinating emergency efforts to rescue the victims of these terrible storms. As a result, both Dale and Max decided it would be best if the show was postponed and replayed the following weekend. You are about to hear a very informative conversation about the integrity of the Kentucky State Pension systems. Dale and Max deep dive into how the problems were created, but most importantly, how Senator wise sees them being fixed. Some of the questions that Dale asks Max in this show include: How do you view a piece of legislation that will impact someone's pocketbook? How are we trying to fix the Kentucky Pension system? Do you have confidence in the Pension system getting fixed? Has Kentucky ever considered moving away from income tax? From a Politicians point of view, what is your opinion on social security?

Ep. 76- 4 YEAR END MOVES by Dale Smothers

Are you looking for income in retirement? Is principal protection your goal? In this episode of The Retirement Matters Show, Dale explains how either of these two objectives can be satisfied with a properly placed portfolio, in the right investments. Happy Thanksgiving from RD Smothers Wealth Management.

In this episode of The Retirement Matters Show, Dale explains the best ways to optimize retirement income.

In this episode of The Retirement Matters Show, Dale discusses the importance of turning off the financial noise that you hear as a retiree.

In this episode of The Retirement Matters Show, Dale brings up the never ending debate of whether or not to have a mortgage. Being out of debt is definitely a good thing, but not all debt is created equal.

How much do you need to retire? How long will your money last? In this episode, Dale addresses some of the most common questions asked by our clients. If you have a retirement question that Dale did not cover today, please reach out to the team at 270-600-7526.

Do you know how much you are paying in fees? How much are you being charged to make money in the stock market? In this episode Dale discusses ways that you can know if you are paying too much in fees and also ways to lower those fees, yielding you a better return.

One of the most important steps to a worry free retirement is for you to ENJOY THE RIDE. This life is a journey, and so many times we forget to enjoy every minute of it. Often times, as a retiree the reason that we can not enjoy the scenery, stems from our finances! If we can get our finances in order, we have the headspace to ENJOY THE RIDE.

In this episode of The Retirement Matters Show, Dale warns against being too comfortable with the most recent market returns. Dale discusses how easy it is to be caught off guard inside of this market where everything seems to be going the right direction. If you are close to retirement, it's time to Wake Up!

When you retire, it's no longer about the average rate of return on your portfolio, it's about the amount of income you can produce from that portfolio! Averages lie: This is why you can't set your safe withdrawal rate based solely on the average rate of return a portfolio is producing! Why? Dale tells us why in this show!