Financial and retirement planning guidance from Kansas City’s Scott Dougan of Elevated Retirement Group.
Most people walk into a financial advisor's office asking for more income or a better plan. But what they're really searching for is something deeper: peace of mind, clarity, and the ability to live life on their terms. In this episode, Scott challenges the conventional approach to planning and reveals the real reason people seek financial guidance in the first place. Here's what we cover in this episode:
What if I told you the key to financial success isn't how smart you are with numbers, but how well you understand your own emotions? One of the most talked-about money books out there, The Psychology of Money by Morgan Housel, might change the way you think about money, and we're going to dive into the key concepts in this video. Here's what we cover in this episode:
When most people think about retirement risks, they picture a stock market crash. But the truth is, the biggest threats to your financial future are often the ones you never saw coming. In this episode, Scott unpacks seven real risks that can quietly derail even the most well-planned retirement. Spoiler alert: it's not just about volatility. Here's what we cover in this episode:
You've had 2025 circled on your calendar for years, but now, with rising inflation, market volatility, and economic uncertainty, you're asking the big question: Is 2025 still a good time to retire? In this episode, Scott breaks down what really matters when making the retirement leap and why the media headlines shouldn't dictate your financial future. If you're feeling pressure to postpone your plans, this conversation offers clarity, calm, and a better decision-making framework. Key Points We Cover:
Most people think a full bank account means full retirement readiness, but it's just the beginning. In this episode, Scott outlines the three essential keys you must consider before retirement. These points will help you determine whether you're set for a smooth, confident transition or if there are gaps you still need to address. Find out how to assess your readiness using our practical 1–10 scoring system to help you identify exactly where you stand. Here's what we cover in this episode:
Half of parents are still paying their grown kids' bills (almost $1,500/month, on average), and it's putting their own retirement at risk. The ‘Bank of Mom and Dad' is open for business… but for how much longer? In this episode, Scott breaks down the rising trend of parents financially supporting Gen Z and millennial children, even into their 30s and 40s, and the often-overlooked danger it poses to long-term financial security. Here's what we cover in this episode:
You've spent years saving in your IRA, but what if we told you it could be the worst asset to leave to your kids? In this episode, Scott uncovers a critical issue with your retirement plan: inherited IRAs. Why does nationally recognized IRA expert, Ed Slott, call traditional IRAs “the worst asset to pass on to your kids?” We'll break it all down for you and explain how you may be leaving a massive tax bill for your heirs. Here's what we cover in this episode:
The headlines are loud, the markets are messy, and your gut might be telling you to do something, anything. But what should you actually do when your portfolio takes a hit like we've seen in recent days and weeks? If you've felt your stress levels rise, you're not alone. Today we'll try to help ease those emotions and the natural inclination to start making changes to your investment strategy. Here's what we cover in this episode:
Retirees have leveraged the traditional IRA for decades to invest and save, but is it still the best tool for today's retirement landscape? IRA expert Ed Slott recently called the traditional IRA “the worst possible asset to own,” which is a bold statement. If this is true, when did it all change, and what are some better options? In this episode, we'll explore the validity of this statement and have a real conversation about investing and taxes. Here's what we cover in this episode:
April Fool's Day is all about jokes and pranks, but when it comes to retirement planning, getting fooled can cost you real money. Today we're going to unpack five common myths that trick retirees into making emotional or short-sighted decisions. Here's some of what we cover:
March Madness is here, and just like filling out a bracket, picking individual stocks feels exciting. But the odds of winning big are slim. Investors often chase stock picks the same way they bet on their favorite teams, but history shows most stocks underperform, just like most brackets get busted. In this video, Scott breaks down the risky game of stock picking and how it compares to the unpredictability of March Madness. Here's what we cover in this episode:
Much like the weather, the stock market has its share of ups and downs. Those stormy days might feel unrelenting at times, but even in weeks filled with red, we can usually count on brighter days ahead. In this episode, Scott will provide some much-needed context for market corrections, explain how they differ from pullbacks and bear markets, and show you why staying calm is the best approach. Here's what we cover in this episode:
Many people enter into a relationship with their financial advisor with unrealistic expectations, often believing they can control the uncontrollable. The reality is an advisor can provide great value, but they can't help you with everything. Today it's part two of our series on things your advisor can and can't do for you, and we're going to clarify some misconceptions and set proper expectations regarding what an advisor cannot do. Here's what we cover in this episode: Here's what we cover in this episode: 0:00 – Intro 2:23 – Guaranteed returns 7:51 – Make you rich overnight 10:08 – Eliminate all risk 11:41 – Change behavior for you 14:04 – Final takeaways
In the world of finance, the role of a financial advisor can often be misunderstood. Many individuals think that hiring a financial advisor is solely about investment management or picking stocks. However, the role of an advisor is multifaceted so understanding what they can and can't help you with will allow you to make more informed decisions. In this video, you'll discover the five key things a financial advisor can do for you, from creating a personalized financial plan to helping you avoid emotional decision-making. Here's what we cover in this episode: 0:00 – Intro 1:15 – Create a personalized financial plan 5:30 – Preventing emotional decisions 12:35 – Discipline & Accountability 17:48 – Simplifying complex decisions 20:42 – Optimize investments 23:03 – The Number One Question to Ask
The day President Trump took office, he announced plans to implement a 25 percent tariff on goods from Mexico and Canada. Additional tariff conversations have exploded since that day. What could these mean to your personal finances and the economy? Today, we'll explain a bit of the backstory of tariffs and discuss the possible financial pros and cons. Here's what we cover in this episode: 0:00 – Intro 0:53 – What is a tariff? 3:32 – History of tariffs 4:43 – Economic implications 8:30 – Benefits 10:45 – Market volatility 12:45 – Emotional reactions Want to connect with us? Web: https://listentoscott.com/ Schedule a call: https://elevatemyretirement.com/contact/ or 913-393-4724 Watch the show on YouTube: https://bit.ly/3RiT7Ky
In honor of Valentine's Day, we're going to talk about the five love languages made popular by author Gary Chapman. If you're not familiar with them, they include acts of service, quality time, words of affirmation, gifts, and physical touch. Today we'll tell you what those have to do with planning for retirement. You'll be surprised by some of the connections Scott is able to make here. Here's what we cover in this episode: 0:00 – Intro 3:02 – Acts of Service 7:08 – Quality time 8:22 – Words of affirmation 13:35 – Gifts 17:16 – Physical touch 20:02 – Final thoughts Want to connect with us? Web: https://listentoscott.com/ Schedule a call: https://elevatemyretirement.com/contact/ or 913-393-4724 Watch the show on YouTube: https://bit.ly/3RiT7Ky
As we gear up for another Super Bowl featuring the Kansas City Chiefs, let's take a moment to appreciate one of the best coaches in the game, Andy Reid. Whether you're planning the perfect play on the field or preparing for retirement, success comes down to strategy, discipline, and knowing when to adjust. Today, we're breaking down some of Coach Reid's best quotes and how they apply to building a winning retirement plan. Here's what we cover in this episode: 0:00 – Intro 2:40 – Quote 1 4:05 – Quote 2 8:11 – Quote 3 11:02 – Quote 4 13:17 – Super Bowl prediction Want to connect with us? Web: https://listentoscott.com/ Schedule a call: https://elevatemyretirement.com/contact/ or 913-393-4724 Watch the show on YouTube: https://bit.ly/3RiT7Ky
Everyone views their retirement differently, and there's a segment of the population that wants to live life to the fullest. If they could build the perfect plan, that last check they write would barely clear the bank. For those that don't want to leave a large legacy and would rather spend down their assets over their lifetime, we'll talk about how personalized planning can help accomplish that goal and ensure you're not going to run out of money too soon. Here's what we cover in this episode: 0:00 – Intro 3:08 – Strained spending 7:16 – Defining lifestyle needs 11:05 – Mindset shift 15:13 – Our process Want to connect with us? Web: https://listentoscott.com/ Schedule a call: https://elevatemyretirement.com/contact/ or 913-393-4724 Watch the show on YouTube: https://bit.ly/3RiT7Ky
Chasing that magic number in retirement can be pretty anxiety-inducing. Many in the financial industry get fixated on saving and saving to reach this gigantic number, but there's so much more detail that goes into figuring out what you will need to support your lifestyle. Today we're going to tell you what goes into finding that financial independence number for you. Read the article that Scott wrote for Kiplinger about this topic here: https://www.kiplinger.com/retirement/your-enough-is-enough-number-for-retirement Here's what we cover in this episode: 0:00 – Intro 2:23 – Essential questions 5:06 – The factors we consider 7:32 – Easing the anxiety Want to connect with us? Web: https://listentoscott.com/ Schedule a call: https://elevatemyretirement.com/contact/ or 913-393-4724 Watch the show on YouTube: https://bit.ly/3RiT7Ky
As the cold winds of winter sweep across the Midwest, many retirees find themselves yearning for a change of scenery—a warmer, sunnier place to call home during the colder months. Enter the snowbird lifestyle, a popular choice for those looking to escape the harsh winter climate and embrace a more temperate environment. In this show, we explore the world of snowbirding, the reasons why so many retirees are drawn to this lifestyle, and how it can be seamlessly integrated into your retirement plan. Here's what we cover in this episode: 0:00 – Intro 2:40 – Where people are enjoying their snowbird retirements 7:56 – Healthier lifestyles in warmer climates 10:05 – Zoombirds Want to connect with us? Web: https://listentoscott.com/ Schedule a call: https://elevatemyretirement.com/contact/ or 913-393-4724 Watch the show on YouTube: https://bit.ly/3RiT7Ky
Maybe the biggest news of the new year is that Democrats and Republicans actually agree on something. The stats show that around 80% of people on both sides believe that the nation is facing a retirement crisis. So what are the biggest problem areas and how do we correct them? This video will dive into results from a recent survey that reveal a vast majority of Americans, regardless of political affiliation, recognize the challenges of inadequate retirement savings, increasing debt, and inflation. Here's what we cover in this episode: 0:00 – Intro 0:31 – What is the retirement crisis? 3:04 – Debt 4:13 – Inflation 6:40 – Guaranteed income 9:55 – Social Security Want to connect with us? Web: https://listentoscott.com/ Schedule a call: https://elevatemyretirement.com/contact/ or 913-393-4724 Watch the show on YouTube: https://bit.ly/3RiT7Ky
In today's episode, Scott breaks down a recent Social Security solvency proposal that suggests a 40% reduction in benefits for high-income earners. Proposed by the American Enterprise Institute, this plan targets wealthier individuals to bear the brunt of reductions, allowing lower-income retirees to face less drastic cuts. Scott weighs in on whether this proposal is likely to gain traction and examines broader challenges facing the Social Security system. He'll also share what the potential adoption of a proposal like this could mean for the future of retirement planning. Here's what we cover in this episode: 0:00 – Intro 1:28 – Social Security proposal 3:05 – Challenges in the Social Security system 5:39 – How does this impact financial planning? 9:40 – Staying educated and communicating with your advisor Social Security Reform Article: https://www.fa-mag.com/news/social-security-reform-proposal-would-slash-benefits-40--for-high-earners-80419.html?section=131&utm_source=FA+Magazine&utm_campaign=e6e275dc58-FAN_Retirement_Allspring+Lead+Gen_112524+GTG&utm_medium=email&utm_term=0_-02ce404ce3-244628203 Want to connect with us? Web: https://listentoscott.com/ Schedule a call: https://elevatemyretirement.com/contact/ or 913-393-4724 Watch the show on YouTube: https://bit.ly/3RiT7Ky
Retirement planning is more than just saving money; it's about making your savings last as long as you do. Today Scott is going to share five crucial tax strategies that can significantly impact your financial future. Here's what we cover in this episode: 0:00 – Intro 1:19 – Why tax planning is critical to today's retirement plan. 3:13 – Roth conversions 5:38 – Harvesting capital gains 7:15 – Tax diversification 9:41 – Required minimum distributions 12:39 – Health savings accounts Read Scott's Kiplinger article: https://www.kiplinger.com/retirement/tax-strategies-to-help-your-money-last-in-retirement Want to connect with us? Web: https://listentoscott.com/ Schedule a call: https://elevatemyretirement.com/contact/ or 913-393-4724 Watch the show on YouTube: https://bit.ly/3RiT7Ky
In this show, we explore why people in this financial bracket often rethink their strategy and discuss key topics like tax planning, withdrawal strategies, and income guardrails. With more at stake and no room for mistakes, the importance of having a skilled team to guide you through retirement is greater than ever. Here's what we cover in this episode: 0:00 – Intro 1:52 – Shift to Distribution 5:25 – Are you paying too much in taxes? 10:58 – Will your money last? 14:07 – Final thoughts Want to connect with us? Web: https://listentoscott.com/ Schedule a call: https://elevatemyretirement.com/contact/ or 913-393-4724 Watch the show on YouTube: https://bit.ly/3RiT7Ky
As the year draws to a close, it's the perfect time to reflect on your financial health and make strategic decisions for the future. In this week's episode, Scott takes us through four major year-end financial planning mistakes and how to avoid them. Here's what we cover in this episode: 0:00 – Intro 1:44 – Ignoring the issues that debt creates. 5:50 – Overlooking the costs of your go-go years. 11:16 – Failing to plan for inflation's long-term impacts. 13:13 – Not addressing poor lifestyle habits and decisions. 17:51 – Get in touch with Scott Want to connect with us? Web: https://listentoscott.com/ Schedule a call: https://elevatemyretirement.com/contact/ or 913-393-4724 Watch the show on YouTube: https://bit.ly/3RiT7Ky
If you have watched any of our podcasts and videos, or if you've ever engaged as a client with Scott Dougan and the Elevated Retirement Group team, you've probably come across a lot of flow charts. We're going to poke a little bit of fun at Scott today as he has prepared us a beautiful flow chart. It's not the typical chart about finances but about Thanksgiving instead. Check out the flowchart here: https://listentoscott.com/wp-content/uploads/2024/11/Thanksgiving-Flow-Chart.pdf Here's what we cover in this episode: 0:00 – Intro 2:12 – Start of the flowchart 4:51 – Turkey prep 7:44 – Stretchy pants 9:10 – TV 10:40 – Cranberry sauce 14:30 – Master plan for the day 16:40 – Ready for things to not go as planned 19:30 – Scott's message for this Thanksgiving Want to connect with us? Web: https://listentoscott.com/ Schedule a call: https://elevatemyretirement.com/contact/ or 913-393-4724 Watch the show on YouTube: https://bit.ly/3RiT7Ky
Did you know there are three specific birthdays that can have a huge impact on your tax situation? It's true, and today we're going to tell you why 50, 65, and 73 are key ages for retirement planning. Here's what we cover in this episode: 0:00 – Intro 1:44 – Age 50 4:38 – Changes in catch-up rules 8:30 – Age 65 11:33 – Age 73 Want to connect with us? Web: https://listentoscott.com/ Schedule a call: https://elevatemyretirement.com/contact/ or 913-393-4724
The 2025 contribution limits are now available and the tweaks might be significant for anyone approaching retirement. These changes are really going to affect that person with tax-deferred accounts like a 401, IRA, 403b and others. Join us to find out how the 2024 limits compare to what's coming in 2025 and how it might change your saving strategies. Here's what we cover in this episode: 0:00 – Intro 1:21 – 401ks 5:34 – 457bs and Roth IRAs 7:45 – HSAs 10:07 – Final thoughts Want to connect with us? Web: https://listentoscott.com/ Schedule a call: https://elevatemyretirement.com/contact/ or 913-393-4724
When you talk about retirement timing and how to remain retired, people often overlook at least one of seven key areas. The majority of them have nothing to do with money but they're just as important as your savings account. We sent out this article in a newsletter to clients recently and got a good response, so today we want to elaborate on these seven factors that will help you lead a fulfilling retirement. Here's what we cover in this episode: 0:00 – Intro 1:30 – The dollars and cents 3:12 – Staying active 5:30 – The psychological side 7:48 – Social networking 14:10 – Personal experience 17:06 – Family decisions The Key to Tax-Aware Planning: https://www.truewealthdesign.com/the-key-to-tax-aware-investing/ Check out the The Gap And The Gain: https://amzn.to/4eV7OgC Want to connect with us? https://listentoscott.com/ https://elevatemyretirement.com/our-team/scott-m-dougan/ 913-393-4724 Watch the show on YouTube: https://bit.ly/3RiT7Ky
The primary value of a financial advisor isn't just picking the right portfolio, making sure you're minimizing taxes or establishing a paycheck that you're not going to outlive in retirement. It's about preparing clients for the truth. Can you handle the truth? Today we're going to talk about the uncertainty in life and retirement and how a financial advisor helps provide the certainty you need with your money. Here's what we cover in this episode: 0:00 – Intro 2:27 – Five key areas of planning 5:37 – Planning for uncertainty 9:15 – Different scenarios Want to connect with us? https://listentoscott.com/ https://elevatemyretirement.com/our-team/scott-m-dougan/ 913-393-4724 Watch the show on YouTube: https://bit.ly/3RiT7Ky
The perception of what it takes to be wealthy sometimes matches reality, but often it doesn't. Americans have opinions on what qualifies as being rich, and a recent survey tells us that we don't always agree on what it takes to live comfortably. Today we're going to explore this disparity and discuss why comprehensive planning provides the clarity and direction you need to instill confidence in your financial future. Here's what we cover in this episode: 0:00 – Intro 2:00 – Study findings 6:30 – How many feel wealthy 9:39 – Wealth by generation 16:30 – Financial sources 19:49 – Staying on top of finances 21:56 – Planning decisions Want to connect with us? https://listentoscott.com/ https://elevatemyretirement.com/our-team/scott-m-dougan/ 913-393-4724 Watch the show on YouTube: https://bit.ly/3RiT7Ky
Social Security is the backbone of retirement for millions of Americans, but big changes may be coming. On this episode, we dive into the recently released proposal to raise the full retirement age to 69 and what it means for your benefits, your future, and your financial security. Here's what we cover in this episode: 0:00 – Intro 4:02 – Increase in full retirement age 8:11 – Penalty for taking Social Security early could increase 11:32 – Would an increase in full retirement age save Social Security? Want to connect with us? https://listentoscott.com/ https://elevatemyretirement.com/our-team/scott-m-dougan/ 913-393-4724 Watch the show on YouTube: https://bit.ly/3RiT7Ky
Have you heard of Pig Butchering? It's not what you think. It's a cunning new scam that's draining retirement accounts and leaving victims penniless. Today, we're uncovering how scammers are using relationships built on various phone apps to lure people in. Here's what we cover in this episode: 0:00 – Intro 3:02 – What is “pig butchering?” 6:09 – The scale of these scams 11:10 – How can we identify scams? 15:13 – Steps you can take to avoid scams Want to connect with us? https://listentoscott.com/ https://elevatemyretirement.com/our-team/scott-m-dougan/ 913-393-4724 Watch the show on YouTube: https://bit.ly/3RiT7Ky
We've spent years helping educate clients on financial planning and we're excited about stepping out of our comfort zone and into a new medium: filmmaking. Scott is a contributing producer for the new movie, The Psychology of Retirement, which recently premiered in Colorado. Discover the behind-the-scenes stories of creating this impactful movie, the importance of a comprehensive retirement plan, and the challenges retirees face today. Scott shares his experiences from the red carpet premiere to private showings and explains why having a written retirement plan is essential for a secure future. We're inviting anyone who wants to see the move to call our office for details on how to get a copy. Here's what we cover in this episode: 0:00 – Intro 1:09 – How did this movie happen? 4:51 – Movie premiere 9:36 – Retirement challenges 15:30 – What you can get out of the movie 18:00 – Movie trailer Want to connect with us? https://listentoscott.com/ https://elevatemyretirement.com/our-team/scott-m-dougan/ 913-393-4724 Watch the show on YouTube: https://bit.ly/3RiT7Ky
Scott has always had a passion for cooking, and he recently completed a 9-week cooking course in Kansas City. In this episode, we explore the valuable lessons from the culinary world that can be applied to financial and retirement planning. One of the key concepts Scott learned is "Mise en Place," which emphasizes the importance of organizing and preparing all ingredients before you start cooking. This principle can similarly guide us in the financial realm, as we prepare and arrange our resources to enjoy a fulfilling retirement. Here's what we cover in this episode: 0:00 – Intro 10:14 – Mise en place 14:05 – Having a vision for retirement 19:03 – The value of having a team 28:43 – Experiences drive our feelings about finance 34:41 – Smooth sailing doesn't mean nothing is happening 38:46 – You want a financial pro who has seen it all The Culinary Center of Kansas City https://kcculinary.com/ Want to connect with us? https://listentoscott.com/ https://elevatemyretirement.com/our-team/scott-m-dougan/ 913-393-4724
Today's a special episode discussing Medicare plans because it's really important that you review your medical plans as soon as possible. Big changes are coming to the industry and you don't want to be caught off guard. That's why we've invited Cortney Dale, CEO of Sunflower Insurance Solutions to point out the areas you have to pay attention to and highlight where you might need to make changes to your plan. Here's what we cover in this episode: 0:00 – Intro 3:19 – Impact of the Inflation Reduction Act 5:49 – What's changing with Medicare? 12:04 – Benefits of having an independent professional 16:27 – Lots of people will need help 18:49 – How to get help Want to connect with us? https://listentoscott.com/ https://elevatemyretirement.com/our-team/scott-m-dougan/ 913-393-4724
Are you and your spouse on the same page when it comes to what retirement is going to look like? If not, it's time to talk. In this show, we'll explore why it's so important for couples to have detailed conversations about their finances and retirement futures. Scott shares insights on how to navigate disagreements, the common issues couples face, and practical steps to ensure both partners are aligned. Here's what we cover in this episode: 0:00 – Intro 2:28 – Why you should work together 6:20 – Handling disagreements 9:40 – Healthcare costs 11:11 – Steps to take Want to connect with us? https://listentoscott.com/ https://elevatemyretirement.com/our-team/scott-m-dougan/ 913-393-4724 Watch the show on YouTube: https://bit.ly/3RiT7Ky
A random, retired YouTuber did a simple video exploring the top 5 regrets from other retirees he interviewed (all in their 70s). It blew up to almost half a million views (and counting). That clearly struck a chord with people that wanted to learn more about regrets in the retirement landscape. Here's what we cover in this episode: 0:00 – Intro 4:47 – They wish they had retired earlier 10:23 – They wish they had spent more when they first retired 16:02 – They wish they took better care of their health 18:33 – They wish they had taken up a hobby 22:10 – They wish they had traveled more Want to connect with us? https://listentoscott.com/ https://elevatemyretirement.com/our-team/scott-m-dougan/ 913-393-4724 Watch the show on YouTube: https://bit.ly/3RiT7Ky
When it comes to planning for retirement, annuities often come up as a topic of discussion. But what exactly are annuities, and how do they fit into your financial plan? Today we're going to break down the four different types of annuities and explain their pros and cons to help you make the best decision on which one fits you the best. Here's what we cover in this episode: 0:00 – Intro 0:55 – Why the growth in annuities? 6:39 – Removing bias 9:39 – Immediate Annuity 12:40 – Fixed Annuity 18:15 – Fixed Index Annuity 24:02 – Variable Annuity 27:00 – Planning is crucial Want to connect with us? https://listentoscott.com/ https://elevatemyretirement.com/our-team/scott-m-dougan/ 913-393-4724 Watch the show on YouTube: https://bit.ly/3RiT7Ky
People always want to know whether they'll get a Social Security increase and if so, how much will it be in 2025? New government data shows that inflation is starting to subside, and that seems like it will have an impact on next year's Social Security cost-of-living, or COLA, adjustment. Even though many retirees are still struggling with higher costs, the 2025 increase estimate shows the lowest adjustment in four years. Here's what we cover in this episode: 0:00 – Intro 1:12 – Scott's reaction to the news 2:28 – Historical data 5:52 – Buying power nationally 12:54 – How it impacts spending 14:50 – Looking ahead Want to connect with us? https://listentoscott.com/ https://elevatemyretirement.com/our-team/scott-m-dougan/ 913-393-4724 Watch the show on YouTube: https://bit.ly/3RiT7Ky
So you think you've got it all figured out and you're not going to give Uncle Sam a single dime more than you absolutely have to. Well, not so fast, my friend. On today's episode, we're going to give you four ways that you could pay more taxes than you had originally planned. A couple of these might surprise you. Here's what we cover in this episode: 0:00 – Intro 1:24 – Moving into a higher tax bracket 7:09 – Rates for tax bracket go up 8:33 – Fewer tax deductions 9:48 – New taxes Get the free guide: Could Higher Taxes Derail Your Retirement Approach? - https://listentoscott.com/wp-content/uploads/2024/08/SW_HigherTaxes_WP_Client_0622.pdf Want to connect with us? https://listentoscott.com/ https://elevatemyretirement.com/our-team/scott-m-dougan/ 913-393-4724 Watch the show on YouTube: https://bit.ly/3RiT7Ky
When it comes to planning for retirement, one of the most critical aspects to understand is control. Knowing what is within your control, what you have some control over, and what is entirely out of your control can make a significant difference in how you approach planning. Today we're going to focus on the behavioral side of planning and discuss why control is an important part of the retirement equation. This equation breaks things down into three main categories: things that we have total control over, things we have no control over, and things that we have some control over. Here's what we cover in this episode: 0:00 – Intro 3:00 – Total control 6:20 – Emotions 8:00 – Not in control 9:55 – Some control Want to connect with us? https://listentoscott.com/ https://elevatemyretirement.com/our-team/scott-m-dougan/ 913-393-4724 Watch the show on YouTube: https://bit.ly/3RiT7Ky
Retirement planning can be overwhelming, but it doesn't have to be. Working through a checklist can ease your worries and give you confidence, but what should you have on that retirement checklist? Today Scott is going to share his Checklist Challenge, a comprehensive guide to ensure you're fully prepared for retirement. Find out which 34 essential items made the list. Are you ready to take the Checklist Challenge? Download the checklist and follow along as you listen to the episode. See where you stand and identify areas for improvement. If you find gaps in your plan, don't hesitate to reach out to a financial advisor for guidance. Here's what we cover in this episode: 0:00 – Intro 2:10 – Common retirement fears 5:41 – Structure of financial plans 8:45 – Medical and healthcare 11:15 – How to use the checklist Follow along with the checklist here: https://listentoscott.com/wp-content/uploads/2024/07/Checklist-Challenge-Download-PDF-for-WEB.pdf The Checklist Manifesto by Atul Gawande - https://amzn.to/4cECv8J Want to connect with us? https://listentoscott.com/ https://elevatemyretirement.com/our-team/scott-m-dougan/
Whether you're just starting out with a financial advisor or considering a change, it's important to have some key questions in mind to help determine whether a particular advisor is a good fit for you and your finances. Today we're going to give you five critical questions you need to ask to ensure you're getting the best advice possible. Here's what we cover in this episode: 0:00 – Intro 1:41 – Reviewing your financial situation 3:55 – Proactively managing tax returns 6:28 – Future income planning 10:50 – Risk tolerance 14:32 – Estate planning Want to connect with us? https://listentoscott.com/ https://elevatemyretirement.com/our-team/scott-m-dougan/ 913-393-4724
In today's digital age, cybersecurity has become a critical concern for everyone, especially those planning for retirement. In this special edition of Your Retirement Elevated we're sharing a video replay of our recent cybersecurity event with expert Ryan Fickel. Ryan is the Chief Technology Officer and Chief Information Security Officer at Advisors Excel and will be working closely with our team moving forward. This presentation covers a wide range of cybersecurity threats, from phishing attacks to ransomware and the growing dangers posed by AI. Don't miss this helpful advice on how to stay vigilant against these attempts. Here's what we cover in this episode: 0:00 – Intro 3:48 – Where do threats come from? 8:12 – The fundamentals and preventative measures 18:28 – Phishing techniques getting more advanced 20:49 – Credit monitoring services 29:05 – Antivirus software, Windows11, wireless routers 37:22 – Credit card, identity, and password theft 42:31 – Precautions when using AI 53:51 – Q&A session Want to connect with us? https://listentoscott.com/ https://elevatemyretirement.com/our-team/scott-m-dougan/ 913-393-4724 Watch the show on YouTube: https://bit.ly/3RiT7Ky
The truth about retirement planning is that many people need a reality check when it comes to taxes and the impact they will have on their retirement money. Today we're going to turn our attention to tax planning and how to keep most of your money from going to the IRS instead of the things you want to spend it on in retirement. Here's what we cover in this episode: 0:00 – Intro 2:40 – Taking money out prior to 59.5 3:58 – Enhanced creditor protection 7:35 – 3 ways to move your money 11:22 – What happens if something gets messed up Get the Retirement Rollover Reality Check PDF: https://listentoscott.com/wp-content/uploads/2024/07/Rollover-Reality-Check-PDF-FOR-THE-WEB.pdf Want to connect with us? https://listentoscott.com/ https://elevatemyretirement.com/our-team/scott-m-dougan/ 913-393-4724 Watch the show on YouTube: https://bit.ly/3RiT7Ky
What does a complete financial plan really look like? You've spent decades working hard, saving diligently, and now the golden years are on the horizon. But have you covered all of your bases? Listen in as Scott walks us through the 5 key areas of a complete financial plan in today's episode- income planning, investment planning, tax planning, healthcare planning, and legacy/estate planning. Here's what we cover in this episode: 0:00 – Intro 0:33 – Overview of the 5 key areas 6:20 – Income planning 9:00 – Investment planning 11:52 – Tax planning 16:48 – Healthcare planning 19:15 – Legacy and Estate planning The 3 Stages of Retirement Episode https://listentoscott.com/video-podcasts/the-3-stages-of-retirement/ The 5 Key Areas of a Complete Financial Plan PDF https://drive.google.com/file/d/1D6L8ZwZL0vyy5m3LbsCrXHC6_2QadcQt/view?usp=sharing Want to connect with us? https://listentoscott.com/ https://elevatemyretirement.com/our-team/scott-m-dougan/ 913-393-4724 Watch the show on YouTube: https://bit.ly/3RiT7Ky
Today we're going to cut through some of the fear by identifying the most common financial scams so you know what to be on the lookout for. We'll also give you some tangible actions to take today to help safeguard your accounts. Are you at risk of having your identity stolen or becoming of fraud? We'll break it all down with Scott in this video. Here's what we cover in this episode: 0:00 – Intro 1:44 – Big interest in this topic 5:52 – Cyber threats 12:46 – Social media 14:30 – Common scams 17:30 – Upcoming event Register for our July 10th cyber security event: https://bu413.keap-link003.com/v2/click/1d65e1ee9f67a544a268f27d888ebaa4/eJyNkEELgkAQhf_LnEsTC8VbhIhoHqLOseqQi7oN6xiI-N9bKzwVdJ333vd4MwKjEorjEgLI-63jwgo0FpIkKj7cFYviJfru1l9BI1Ud6XtPEIzfkos-Xx1v55sMD4TGcj7tD0mcRdc0zhJjJaFNw18cx_M3Cyc87uMUpuknGFvJ4cOwOwhY9zjvKaXZxBfdGH_FTF1g2zUKskjc0H612sWQo153WPRa8rDGGWFV3DaGKYhQlZ93JDi8ydMT1slnqQ== Listen to our previous episode on cybersecurity: https://listentoscott.com/podcasts/practical-strategies-for-protecting-retirees-against-scams-fraud/ Download the cybersecurity checklist: https://listentoscott.com/wp-content/uploads/2024/06/PDF-Download-for-Website-Cyber-Security-Checklist.pdf Want to connect with us? https://listentoscott.com/ https://elevatemyretirement.com/our-team/scott-m-dougan/ 913-393-4724 Watch the show on YouTube: https://bit.ly/3RiT7Ky
Most people think retirement planning is all about the numbers. Will the assets I have accumulated – 401k/IRA, Social Security, real estate, pension, etc. – provide enough income in retirement to fund my lifestyle? Once you reach retirement, you'll quickly realize there's much more to preparing for the next chapter of life. Today we're going to share seven habits that studies show can improve your satisfaction in retirement. Here's what we cover in this episode: 0:00 – Intro 4:55 – #1: Work at staying healthy 8:07 – #2: Strong social connections 9:18 – #3: Sense of purpose 10:49 – #4: Never stop learning 14:30 – #5: Be optimistic 17:50 – #6: Practice mindful gratitude 20:20 – #7: Have a pet Want to connect with us? https://listentoscott.com/ https://elevatemyretirement.com/our-team/scott-m-dougan/ 913-393-4724
Retirement is a journey, and like any journey, it has its phases. Understanding these phases is crucial to ensure that you can enjoy your golden years without financial stress. In this episode, we'll take you through the the essential stages of retirement planning: the go-go, slow-go, and no-go years. Understanding these three stages will help you effectively manage your finances as you determine how much income you're going to need along the way. This often overlooked dynamic of retirement planning will help ensure a comfortable and secure retirement so let's take a closer look at each phase. Here's what we cover in this episode: 0:00 – Intro 3:30 – An overview of spending 8:19 – Spending by age data 15:40 – Longevity planning 19:18 – Rhino story Want to connect with us? https://listentoscott.com/ https://elevatemyretirement.com/our-team/scott-m-dougan/ 913-393-4724 Watch the show on YouTube: https://bit.ly/3RiT7Ky
The long process of writing a book has finally wrapped up for Scott and we're excited to be rolling it out very soon. In anticipation of the launch of Exceptional Retirement: Tools and Strategies for Retiring On Your Own Terms, we wanted to share some background on the book, the chapters that we think you'll like most, and the personal stories that influenced our approach. Our approach is all about personalizing your retirement, which is why we emphasize that every individual has unique needs, desires, and challenges when it comes to retirement. The book addresses the four fundamental questions that haunt future retirees: When can I retire? Do I have enough money? Will my money last? And, am I going to be okay? Join us for another episode of the show and find out everything you need to know about the book. Here are some of the questions we'll tackle in this episode: Scott learned a lot about himself through this book-writing process. Why he picked tools and strategies as the theme and focus of the book. The book strives to answer four big questions people have about retirement. The personal experiences he pulled from when writing the book. The key chapters and takeaways we think readers will enjoy most. Check out the book and get your free toolkit here: https://keap.page/bu413/toolkit-page-1715718291057.html
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