Podcasts about murs tariq

In this Episode of the Secure Your Retirement Podcast, Radon Stancil and Murs Tariq discuss a timely and often misunderstood topic: tariffs. With tariffs frequently making headlines, especially in relation to trade disputes like the US China trade war, it's critical to understand what tariffs are and how do they work—particularly for those in or nearing retirement. Radon and Murs break down how tariffs work, how they're implemented, and most importantly, what the Impact of tariffs could mean for your personal financial plan.Listen in to learn about the ways tariffs and inflation can influence retirement expenses, affect your investment strategies, and ultimately play a role in your financial planning in retirement. By understanding the mechanics behind trade policies and their economic ripple effects, you'll gain clarity on how to plan for retirement, regardless of how global politics unfold. Radon and Murs also discuss how their Peace of Mind Pathway and bucket investment strategy helps clients stay prepared for unpredictable changes like trade war effects.In this episode, find out:· What are tariffs and their role in trade policy.· How do tariffs work and how they're implemented.· The Impact of tariffs on inflation and consumer pricing.· Lessons from the US China trade war and how trade disputes evolve.· How to create a resilient retirement plan that addresses economic volatility.Tweetable Quotes:"We're not here to judge whether tariffs are good or bad—but understanding how they work helps reduce financial anxiety." – Radon Stancil"A well-built retirement strategy should account for inflation, market volatility, and even things like tariffs and trade wars." – Murs TariqResources:If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!To access the course, simply visit POMWealth.net/podcast.

In this episode of the Secure Your Retirement Podcast, Radon Stancil and Murs Tariq discuss the Retirement Checklist Challenge, a structured approach to evaluating how prepared you are for retirement. They introduce a Retirement Checklist covering Retirement Income Planning, Tax-Efficient Retirement Strategies, Medicare and Retirement, Long-Term Care Planning, Risk Management, and Estate Planning for Retirees. The goal of the challenge is to help you assess your readiness by scoring yourself on 34 key factors that contribute to a Secure Retirement Plan.Listen in to learn about Financial Planning for Retirement, strategies for Retirement Savings, and ensuring a stress-free transition to retirement. Whether you're already retired or preparing for the next phase, this episode will help you plan for retirement effectively, identifying potential gaps in your strategy. You'll also learn how to access the full Retirement Checklist to take the challenge yourself!In this episode, find out:· Why Retirement Income Planning is crucial to maintaining financial security.· How to evaluate your Social Security Strategies and income sources.· The importance of Tax-Efficient Retirement Strategies to minimize tax burdens.· How to assess your Medicare and Retirement options effectively.· The role of Risk Management and diversification in protecting your retirement.Tweetable Quotes:"A well-prepared retirement starts with understanding your income, healthcare, and tax strategies—take the Retirement Checklist Challenge to see where you stand!" – Radon Stancil"Retirement planning isn't just about saving money—it's about ensuring you have the right strategy for income, taxes, healthcare, and long-term security." – Murs TariqResources:If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!To access the course, simply visit POMWealth.net/podcast.

In this episode of the Secure Your Retirement Podcast, Radon Stancil and Murs Tariq discuss the world of Private Equity Investing and Alternative Investments with Christopher Zook, the founder and Chief Investment Officer of CAS Investments. CAS Investments specializes in Investing in Private Markets, including Private Equity, Private Credit, and even Investing in Sports Teams. Christopher, who co-authored "The Holy Grail of Investing" with Tony Robbins, shares valuable insights into how these Alternative Investment Strategies can provide access to high-quality opportunities typically unavailable to individual investors.Listen in to learn about Non-Correlated Assets and their role in Risk Management in Investing, helping to stabilize portfolios against market fluctuations. Christopher explains how his firm focuses on diversification with non-traditional investments, offering access to exclusive deals that can enhance wealth management strategies. Whether you're planning for retirement or looking for Secure Retirement Investments, this conversation provides valuable perspectives on how to plan for retirement using alternative investments beyond the public markets.In this episode, find out:· The key differences between Public Markets and Private Equity Investing.· How Alternative Investment Strategies provide diversification and risk reduction.· Why Investing in Sports Teams and other private markets is becoming more accessible.· The concept of Non-Correlated Assets and how they impact portfolio stability.· How to invest in private equity and access high-quality opportunities.Tweetable Quotes:"The key to risk management in investing is alignment—when you're invested alongside your clients, you're making decisions that benefit everyone." – Radon Stancil"Diversification isn't just about owning different stocks; it's about Non-Correlated Assets that perform independently, reducing overall risk." – Murs TariqResources:If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!To access the course, simply visit POMWealth.net/podcast.

In this episode of the Secure Your Retirement Podcast, Radon Stancil and Murs Tariq discuss some of the biggest concerns retirees face in 2025: inflation and retirement, market volatility, and Social Security benefits. As economic uncertainty continues, many are wondering how interest rates and the economy will impact their financial future. Radon and Murs provide valuable insights into how retirees can develop a sound retirement income strategy to navigate stock market fluctuations, optimize Social Security, and ensure financial security.Listen in to learn about the importance of financial planning for retirees and how a well-structured plan can help you retire comfortably. They emphasize the need for investment risk management and safe investment strategies to mitigate the effects of inflation and market changes. Whether you're asking, "When should I retire?" or working through your retirement checklist, this episode offers actionable steps to plan for retirement effectively.In this episode, find out:· How inflation affects retirement and what retirees can do to manage increasing costs.· The impact of market volatility and interest rates on retirement planning.· Why Social Security optimization is crucial and how to maximize your benefits.· The role of a structured retirement income strategy in securing your retirement.· The importance of a well-balanced investment portfolio to mitigate financial risks.Tweetable Quotes:"Having a solid retirement plan means you won't be blindsided by inflation or market volatility—it's about peace of mind." – Radon Stancil"Social Security is just one piece of the puzzle; having a financial roadmap ensures long-term security and flexibility in retirement." – Murs TariqResources:If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!To access the course, simply visit POMWealth.net/podcast.

In this Episode of the Secure Your Retirement Podcast, Radon Stancil and Murs Tariq discuss:The current state of the economy as we move into 2025. Joined by Tom Siomades, a chief marketing economist, they analyze how the election results, policy changes, and global events are influencing the stock market trends and broader economic outlook. Tom's straight-talking insights provide valuable perspectives on inflation vs. interest rates, long-term investment planning, and small business growth.Listen in to learn about:The challenges and opportunities shaping the 2025 economic outlook. Tom highlights key market trends, including the resilience of the stock market, the impact of energy policies, and the potential for economic growth amidst regulatory and political shifts. Whether you're focused on retirement planning or seeking financial planning tips, this episode delivers actionable insights to secure your retirement.In this episode, find out:· How 2024's lessons of patience in investing are shaping strategies for 2025.· The effects of the new administration's policies on the U.S. economy and stock market.· Why inflation and energy costs remain central to the economic forecast for 2025.· Opportunities for small business growth through deregulation.· Long-term investment planning strategies for navigating a shifting market landscape.Tweetable Quotes:· “2024 reminded us of the value of patience in long-term investing—missing one market rally could mean missing the next 56.” – Tom Siomades· “Energy costs and deregulation are the twin keys to unlocking sustainable economic growth.” – Murs TariqResources:If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!To access the course, simply visit POMWealth.net/podcast.

In this Episode of the Secure Your Retirement Podcast, Radon Stancil and Murs Tariq discuss how to approach the start of 2025 with clarity and purpose. They introduce a detailed checklist to help you organize and plan various aspects of your life, including cash flow management, estate planning updates, tax considerations, and more. This isn't just about setting New Year financial goals or resolutions; it's about preparing comprehensively to ensure smoother transitions and better decision-making throughout the year. They also share practical steps for managing both personal and financial priorities effectively.Listen in to learn about actionable steps you can take now to set yourself up for success in 2025. From evaluating long-term care insurance options to reviewing retirement planning strategies, this episode is packed with valuable insights. Don't miss the opportunity to access their checklist, which will guide you through every category you should be thinking about as the new year begins.In this episode, find out:· How to evaluate cash flow management and align your goals for the year.· The importance of reviewing estate planning updates to ensure everything is up-to-date.· Why assessing your investment risk is crucial as you plan for retirement.· Key tax strategies like Roth IRA conversion benefits and contribution limits.· Tips on when to consider long-term care insurance review and its advantages.Tweetable Quotes:· "The more we're prepared, the smoother things usually go." – Radon Stancil· "Understanding what's coming in and what's going out is the foundation of good financial health." – Murs TariqResources:If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!To access the course, simply visit POMWealth.net/podcast.

In this episode of the Secure Your Retirement Podcast, Radon Stancil and Murs Tariq continue their discussion from Episode 292 on How to Retire at 62. In this follow-up, they welcome their team member, Taylor Wolverton, to dive into the numbers of a real-world retirement financial plan. Together, they walk through detailed retirement scenarios for someone looking to retire at 62, highlighting critical strategies to ensure a secure and sustainable retirement. From income and expenses to Social Security at 62 and withdrawals, they leave no stone unturned.Listen in to learn about how to build a financial plan that works for you, even when unexpected scenarios arise. You'll also gain insight into why retirement planning at 62 requires more than simple calculations and how ongoing adjustments can help you retire comfortably and with peace of mind.In this episode, find out:· How much you need to retire at 62 and why a conservative approach matters· A step-by-step breakdown of Social Security income strategies for early retirees· How inflation impacts retirement expenses and why planning for it is crucial· Key insights into 401k withdrawal strategies and cash flow sustainability· Why a flexible and evolving retirement financial plan is essentialTweetable Quotes:· “Retirement planning isn't about a one-time decision; it's about creating a flexible, evolving plan that adapts to life changes.” - Radon Stancil· “The key to retiring at 62 is understanding your numbers and having a solid plan to sustain your lifestyle long-term.” - Murs TariqResources:If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!To access the course, simply visit POMWealth.net/podcast.

In this Episode of the Secure Your Retirement Podcast, Radon Stancil and Murs Tariq discuss the difficult yet essential topic of navigating life after losing a spouse. They dive into critical financial and emotional steps to help widows and widowers during this challenging time. Losing a spouse is an emotional whirlwind, and the decisions that follow can feel overwhelming. However, with the right guidance and a structured approach, you can ensure a smoother transition. Listen in to learn about the importance of having a comprehensive Checklist for Surviving Spouse, which includes financial advice, legal matters, and practical steps to take when a loved one dies. From understanding Social Security benefits to estate planning, Radon and Murs provide actionable insights to help you regain clarity and peace of mind during this life-altering period. In this episode, find out: How cash flow changes when a spouse passes and what to do about it. The importance of retitling accounts, understanding wills, and updating estate plans. Key considerations for Social Security survivor benefits and tax implications. Why it's vital to locate all accounts, insurance policies, and passwords. How to adjust your retirement plan to reflect your new reality.Tweetable Quotes: “Losing a spouse is overwhelming, but having a clear plan can turn chaos into clarity.” – Radon Stancil “Understanding your new financial picture is the first step to securing your future.” – Murs Tariq Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit POMWealth.net/podcast.

In this Episode of the Secure Your Retirement Podcast, Radon Stancil and Murs Tariq discuss the Nationwide Monument Advisor, a unique variable annuity designed to optimize tax planning strategies for retirement. While variable annuities often have a negative reputation due to high fees and restrictions, this product offers a refreshing alternative with minimal costs and significant tax deferral benefits. Learn why Radon and Murs believe this tool can be a game-changer for individuals with non-qualified assets, such as brokerage accounts, who are looking to improve their tax strategies while planning for retirement.Listen in to learn about how the Nationwide Monument Advisor provides tax-efficient investment opportunities for individuals with non-IRA, non-401(k) assets. Radon and Murs break down the product's mechanics, compare it to traditional variable annuities, and explain how it fits into a well-rounded retirement planning strategy. Whether you're looking to manage brokerage account taxes, avoid capital gains, or simplify your tax return, this episode sheds light on how this tool can help secure your retirement.In this episode, find out:· What makes the Nationwide Monument Advisor different from traditional variable annuities.· How tax deferral works and why it's advantageous for non-qualified assets.· The importance of low costs in variable annuities and how this product excels.· The flexibility of liquidity options and absence of surrender charges.· How to leverage this product for retirement income planning and investment management.Tweetable Quotes:· “The Nationwide Monument Advisor flips the script on variable annuities by offering a low-cost, tax-efficient way to manage non-IRA investments.” – Radon Stancil· “With tax deferral and no surrender charges, this product removes the barriers that hold many back from optimizing their brokerage accounts.” – Murs TariqResources:If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!To access the course, simply visit POMWealth.net/podcast

In this episode of the Secure Your Retirement Podcast, Radon Stancil and Murs Tariq discuss the often-overlooked potential of annuities as a vital component of retirement portfolios. While traditionally, retirement planning relies on the 60/40 portfolio split between equities and bonds, Radon and Murs explore a fresh approach suited to today's financial landscape. With fluctuating interest rates and persistent market volatility, it's essential to consider alternatives like fixed index annuities to help manage stock market risk and secure retirement income.Listen in to learn about the unique benefits of using annuities as an asset class and why they may serve as a better alternative to bonds for certain retirement income strategies. They discuss the challenges in bond markets, especially in today's economy, and explain how fixed index annuities could offer more stability and potentially higher returns. Whether you're seeking to reduce risk exposure or establish a more predictable retirement income stream, this episode provides valuable insights for a comfortable and secure retirement.In this episode, find out:· Why the traditional 60/40 portfolio may not be ideal for today's retirees· The impact of rising interest rates on bond volatility and retirement planning· How fixed index annuities can complement stock market investments· The pros and cons of using annuities to manage stock market risk· Practical steps to incorporate annuities as part of your retirement checklistTweetable Quotes:· "The old way of using bonds for stability is worth re-evaluating—annuities could provide the alternative you need." – Radon Stancil· "Fixed index annuities can offer income stability without the bond market's volatility." – Murs TariqResources:If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!To access the course, simply visit POMWealth.net/podcast.

In this Episode of the Secure Your Retirement Podcast, Radon Stancil and Murs Tariq discuss hybrid long-term care insurance, with a focus on the Equitrust Bridge annuity and how it serves as a powerful tool for retirement planning. They explore the benefits of using hybrid annuities, a strategy that combines retirement income with long-term care coverage, offering a versatile solution for those concerned about managing future healthcare needs. In addition to breaking down how these products work, Radon and Murs also highlight the significant tax benefits they can provide, making them a valuable option for many retirees.Listen in to learn about the key differences between traditional long-term care insurance and hybrid solutions, why hybrid annuities like the Equitrust Bridge stand out, and how to effectively use these financial products as part of a broader retirement planning strategy. Radon and Murs also offer guidance on the minimal underwriting requirements for these annuities and the options available even for individuals with health concerns.In this episode, find out:· What hybrid long-term care annuities are and how they work.· Key features of the Equitrust Bridge annuity and its long-term care rider.· The advantages of hybrid solutions over traditional long-term care insurance.· How minimal underwriting allows greater accessibility to hybrid long-term care.· The substantial tax benefits associated with using annuities for long-term care.Tweetable Quotes:· "This hybrid annuity is designed to give you the long-term care coverage you need, with the added benefit of keeping your money working for you." – Radon Stancil· "For those looking to bridge the gap in retirement planning, a hybrid annuity offers tax advantages and peace of mind for long-term care needs." – Murs TariqResources:If you are in or nearing retirement and want to gain clarity on what questions you should be asking, learn about the biggest retirement myths, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!To access the course, simply visit POMWealth.net/podcast.

In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss the income needed during retirement. It's important to understand that spending needs in retirement will differ significantly from your current earnings due to various factors such as taxes, savings, and job-related expenses. Listen in to learn about a comprehensive approach to estimating retirement expenses by identifying costs that will decrease or disappear in retirement. You will also learn about expenses that will remain constant or increase during retirement and the importance of examining your current net income and expenses to understand your spending patterns better. In this episode, find out: The flawed approach of using online income percentages to determine your retirement needs. Identifying work-related expenses that will reduce or cease in retirement and their impact. Understanding the ongoing and possibly increasing retirement expenses. The importance of examining your current spending to estimate your future financial requirements better. The importance of having a detailed financial plan to ensure a comfortable retirement. Tweetable Quotes: “How much income you're going to need in retirement comes back to how much you're spending and how much you're going to spend in retirement because everything's going to be different in retirement.”- Radon Stancil. “The sooner you start thinking about what your life is going to look like in retirement, planning for it, and putting numbers to it, the easier it is to make it a reality.” - Murs Tariq. Resources:If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!To access the course, simply visit POMWealth.net/podcast.

In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss practical tips on how to safeguard your information and prevent cybersecurity fraud. Fraudsters are continuously evolving their tactics, making it easy to fall victim with a simple click, which is why keeping yourself educated is important. Listen in to learn the importance of regularly updating your personal information with your financial advisor and only making changes with verbal verification. You will also learn the importance of being suspicious of unsolicited emails and phone calls, avoiding sharing sensitive information on social media, and verifying money movement instructions via secure methods. In this episode, find out: Never call numbers from suspicious pop-ups claiming to be from reputable companies and instead seek professional help. Best practices for working with your advisor: Provide regular updates and verbal verification of any changes to personal information. The advanced verification methods used by financial custodians like voice recognition and two-factor authentication. How to be suspicious of unsolicited phone calls, avoid sharing sensitive information on social media, and verify money movement instructions securely. Things to do to keep your phone and computer technology up-to-date to prevent security breaches. Avoiding risks with public networks – use personal devices and secured connections when conducting sensitive transactions in public. Password management – create unique passwords for different accounts and use password managers for enhanced security. The importance of verifying the authenticity of emails and links to avoid falling victim to phishing attempts. Tweetable Quotes: "We would never change your email, never change your address, never change your phone number without going through the right protocol, which is going to be able to verify you verbally."- Radon Stancil. "Phishing is scammers trying to bait you somewhere or the other by creating urgency by saying, if you don't do this, then something is going to happen to your computer."- Murs Tariq. “At the end of the day, try to be vigilant and ask yourself, “do I truly know where this is coming from, and is it worth clicking this button?”- Murs Tariq. Resources:If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!To access the course, simply visit POMWealth.net/podcast.

In this Episode of the Secure Your Retirement Podcast, Radon, Murs, and Taylor discuss the significance of Form 5498 as an essential tax information document. Taylor describes Form 5498 as an informational document that reports contributions, rollovers, and required minimum distributions (RMDs) related to IRAs. Listen in to learn why Form 5498 is important for record-keeping and verification purposes but does not impact the already filed tax return. You will also learn why the form shouldn't cause alarm since it doesn't necessitate any changes to the already filed tax returns. In this episode, find out: The informational purpose of Form 5498 is to verify contributions to and rollovers between retirement accounts. The information reported on Form 5498 includes contributions to IRAs, rollovers, and RMDs. The difference between the taxable distributions reported on Form 1099 and the informational nature of Form 5498. Why Form 5498 does not require any changes to already filed tax returns. How Form 5498 helps the IRS verify that contributions reported on tax returns were actually made. A practical example of a 401k rollover and how it's reported using Form 5498. Why Form 5498 comes out later in the tax year as opposed to other tax return forms. Tweetable Quotes: "Form 5498 is for your records in case you were ever to be audited or need to prove to the IRS that you did something this way or that way."- Murs Tariq. "The 5498 reports contributions to accounts, or sometimes custodians will send out 5498s to show what the required minimum distribution should have been for the prior year."- Taylor Wolverton. Resources:If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!To access the course, simply visit POMWealth.net/podcast.

In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss the concept of annuitization and immediate annuities versus deferred annuities. Annuities can come from different sources, such as insurance companies or municipal pensions. Listen in to learn how immediate annuities work, their pros and cons, and risks such as the potential loss of the principal if the annuitant dies early. You will also learn how deferred annuities work, the fixed type of deferred annuities, and why they make more sense for retirement planning than immediate annuities. In this episode, find out: The concept of annuitization and immediate annuities versus deferred annuities in retirement planning. Understanding that annuities can originate from insurance companies or pension plans. Annuitization – converting a lump sum into an income stream, plus the implications of this conversion. Various protections that can be added to immediate annuities, such as joint annuitization and period certain annuities. How deferred annuities allow the principal to grow over time before withdrawals begin. Fixed deferred annuities – guarantees the principal and offer growth linked to market indices without market risk. The financial suitability of immediate versus deferred annuities for different types of savers. Tweetable Quotes: “You want to be very careful about using the word annuitization because sometimes people are receiving income thinking it's annuitization and it's truly not.”- Murs Tariq. “If you're a good saver who's saved a good amount of money, it's probably not going to make the best financial decision to do an immediate annuity.”- Radon Stancil. "Should a person put all their money into an annuity? Absolutely not. Not in our opinion. But should they consider an annuity? Possibly."- Radon Stancil Resources:If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!To access the course, simply visit POMWealth.net/podcast.

In this episode of the Secure Your Retirement Podcast, Radon and Murs discuss the difference between FDIC (Federal Deposit Insurance Corporation) insurance and SIPC (Securities Investor Protection Corporation) insurance. Both FDIC and SIPC offer protection of funds held in accounts at financial institutions like Charles Schwab or Fidelity.Listen in to learn about the basics of FDIC insurance, which protects bank deposits, and SIPC insurance, which safeguards investors against the loss of cash and securities. You will also learn about strategies to help you maximize coverage using account titling and diversification.In this episode, find out:FDIC – a federally backed insurance on banks created to restore public confidence in the banking system.Understanding the types of accounts and the amount of money FDIC insurance covers.SIPC – insurance that protects investors against the loss of cash and securities held by a brokerage firm.SIPC insurance doesn't cover market losses but ensures the return of missing stocks and other securities.The differences between bank deposits (covered by FDIC) and investment securities (covered by SIPC).The importance of having a diversified investment strategy to balance safety and growth potential.Tweetable Quotes:“FDIC was created to make people feel comfortable with the banking system, knowing that there could be issues, but there are covers that their money is protected”- Murs Tariq.“Let's think through how to make a financial plan and build an investment strategy around it in various buckets and diversification types of strategies so that we've got good strategies working for us.”- Murs Tariq. Resources:If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!To access the course, simply visit POMWealth.net/podcast.

What questions should you be asking yourself when planning and thinking about retirement? When it comes to planning for your retirement, your major concerns should be around your goals, your need for professional help, and the actual retirement plan. To build a retirement-focused financial plan, you must have goals or at least have an idea of what you want your retirement to look like. In this episode of the Secure Your Retirement podcast, we talk about the three major questions to ask yourself when thinking about retirement over a glass of Erath Pinot Gris wine. Listen in to learn how to align yourself with someone that's specialized in retirement planning and not just the investment side of things as you transition into retirement. In this episode, find out: ●     Think about when you want to retire and figure out if that's possible for you. ●     Think about what you're going to do in your retirement to live a fulfilling life. ●     Think of the type of retirement you want for yourself before you start planning for it. ●     How we help relieve you of the worry of taking care of your retirement planning. ●     Take time before engaging an advisor to fully understand how their practice works. ●     Align yourself with a specialized retirement advisor as you transition into retirement. ●     How to build a retirement-focused financial plan based on your idea of retirement. Tweetable Quotes: ●     “You want to take the time before you enter into an engagement with an advisor to really understand a lot of things as to how their practice works.”- Murs Tariq ●     “If you're going to work with a professional, try to align yourself with someone that is specialized in the area of retirement planning and not just in the investment side of things.”- Murs Tariq Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit https://pomwealth.net/3-keys-to-secure-your-retirementlp/ (POMWealth.net/podcast.)

What exactly is causing the current inflation, and how does it affect your retirement? The supply chain issues we experienced during the pandemic majorly contributed to the current global inflation we're now experiencing. The Fed has increased rates on a few major product categories raising the cost of inflation. In this episode of the Secure Your Retirement podcast, we talk about the cause of inflation, what the Fed is doing, and how you can reduce the impact of inflation on your retirement. Listen in to learn how the Fed is trying to balance the economy to keep it balanced and avoid a crash. In this episode, find out: ●     How the pandemic supply chain issues led to the current inflation rate. ●     The major categories getting affected by inflation due to supply chain issues and the Ukraine war. ●     How the Fed is trying to balance things to keep the economy moving and avoid a crash. ●     How the flexibility of retirees can allow them to avoid the impact of inflation. ●     Why the Fed is avoiding making the inflation mistake of the 1970s and 80s. Tweetable Quotes: ●     “A retiree cannot avoid inflation, but they can make some conscious decisions on whether or not they're going to be fully susceptible to inflation.”- Murs Tariq ●     “Knowing what you can control gives you power.”- Radon Stancil Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit https://pomwealth.net/3-keys-to-secure-your-retirementlp/ (POMWealth.net/podcast.)

Are you looking to improve your mobility in retirement? Through commitment, courage, and care, you can practice simple yoga poses that promote healing and joint renewal. These yoga poses help calm the nervous system down and allow for body healing and joint restoration. In this episode of the Secure Your Retirement podcast, we have Kathy White, a yoga teacher for people aged 50 and over. Her yoga is designed for beginners and everyone to be able to practice when they are 50 and beyond. Listen in to learn the importance of practicing yoga that allows your nervous system to calm down, plus how to find the right teacher for it. In this episode, find out: ●     Create healthy conditions for joints through simple poses that promote movement and healthy pressure. ●     Calming down the nervous system allows for body healing, joint renewal, and restoration. ●     Commitment – show up for yourself daily by practicing joint renewal yoga. ●     Have the COURAGE to face any restrictions or tightness in your body as you age. ●     Find a teacher that works for you if you haven't tried or liked yoga. ●     The importance of showing CARE and kindness to yourself when practicing yoga. ●     How Kathy's Joint Renewal yoga system helps people with joint injuries and hip replacements. Tweetable Quotes: ●     “Healing happens when we're in the parasympathetic nervous system mode.”- Kathy White ●     “When you see progression, that's when you actually start to fall in love with something, but it takes time to do that.”- Murs Tariq ●     “You need to have a practice that is consistent and will last for longevity.”- Kathy White Get in Touch with Kathy: ●     Website:https://www.kathywhiteyoga.com/ ( https://www.kathywhiteyoga.com/) ●     Instagram:https://www.instagram.com/kathywhiteyoga/ ( https://www.instagram.com/kathywhiteyoga/) Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit https://pomwealth.net/3-keys-to-secure-your-retirementlp/ (POMWealth.net/podcast.)

Are you going to be able to avoid IRMAA surcharges on Medicare parts B and D? IRMAA stands for Income-Related Monthly Adjusted Amount, and there are charges on both parts B and D based on where your income lands. If you're thinking about retiring any time soon, there are ways to manage your income to stay at a lower amount to avoid surcharges on your Medicare premiums. In this episode of the Secure Your Retirement podcast, we take you through the IRMAA surcharges on Medicare part B and D over a glass of La Crema Chardonnay. Listen in to learn about the 3-layer IRMAA surcharge difference and which category you fall in.  In this episode, find out: ●     Understanding what Income-Related Monthly Adjusted Amount represents in Medicare. ●     The meaning of Modified Adjusted Gross Income and why you need to know yours. ●     The IRMAA surcharge to pay if your income didn't exceed 91k single or 182k married filed jointly. ●     When to file for a form SSA-44 and explain how a life-changing event affected your income. ●     The 3-layer IRMAA surcharges to pay if your income exceeds 91k single or 182k married filed jointly two years prior. Tweetable Quotes: ●     “There's a potential where you can have additional charges on your part B or D if you fit certain criteria when it comes to income.”- Murs Tariq ●     “With a little bit of planning, we can be able to think IRMAA through and what's going to be beneficial to you.”- Radon Stancil Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit https://pomwealth.net/3-keys-to-secure-your-retirementlp/ (POMWealth.net/podcast.)

Have you heard of I bonds and are wondering how they can work for you? An Inflationary bond is an interest-earning bond issued by the government. Even though the money market isn't looking very attractive right now, I bonds seem attractive and are as of today paying up to a 9.62% rate of return. In this episode of the Secure Your Retirement podcast, we talk about I bonds, what they are, and how they can benefit you. Listen in to learn how to buy I bonds and make them the most efficient for you with their rate of return.   In this episode, find out: ●     Understanding an I bond and why it's attractive to buy during this inflation. ●     How to buy I bonds individually from the government online. ●     The I bond limitation per person and why it's not a save-all to the market issues this year. ●     The factors that affect the I bond interest rate plus the holding period that makes sense. ●     How the I bond is taxed federally and at your ordinary income. Tweetable Quotes: ●     “An I bond is issued by the government, and it is a bond that is going to earn interest.”- Murs Tariq ●     “To make the I bond the most efficient, you want to have it in your mind that you hold it for at least five years.”- Murs Tariq Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit https://pomwealth.net/3-keys-to-secure-your-retirementlp/ (POMWealth.net/podcast.)

Do you understand the difference and similarities between 401ks and IRAs? How can you make the two or one make sense for you as your retirement plan? Both 401ks and IRAs are set up to encourage you to plan for your retirement, and you should have an analysis and a conversation on which one is good for you. But when you have the opportunity, moving from a 401k to an IRA gives you more flexibility and investment options. In this episode of the Secure Your Retirement podcast, we talk about the differences and similarities between 401ks and IRAs. Listen in to learn how you can move your 401k funds into an IRA and its benefits. In this episode, find out: ●     A 401k is an employer-sponsored retirement plan, and an IRA is an individual retirement account. ●     The pre-tax (traditional) 401k or IRA and the tax-free option (Roth). ●     The difference between pre-tax and Roth 401ks/ IRAs and the tax benefits of each.  ●     The two major benefits of a 401k in terms of how it can be funded. ●     In-service rollover - when you can move your 401k funds into an IRA and the benefits. ●     A strategy on how we can access your 401k and make trades on your behalf. ●     The simple process of doing an in-service rollover to move you from a 401k to an IRA. Tweetable Quotes: ●     “On the funding side, 401ks typically are going to allow you to put in much more money than an IRA.” -Murs Tariq ●     “In general, as long as you're employed with the company, you cannot move from the 401k to an IRA.” - Radon Stancil Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit https://pomwealth.net/3-keys-to-secure-your-retirementlp/ (POMWealth.net/podcast.)

We understand that social security isn't the most exciting topic to talk about or listen to, but some questions need answers. In this episode of the Secure Your Retirement podcast, we answer 3 major questions on social security over a glass of Rosé wine. We talk about social security benefits, taxes, and the right time to take social security. Listen in to learn why you need an individual financial plan that dictates the right time to take social security rather than waiting until age 70. In this episode, find out: ●     How to know what your social security benefits will be through the ssa.gov website. ●     The process of applying for social security once you know when to take it. ●     Understanding how spousal benefits work in social security. ●     The current youngest age that you can take your social security benefits. ●     The things to consider when taking social security early to avoid penalties. ●     The importance of having an advisor to help you think through the tax side of social security. ●     Why it is subjective when it comes to the right time to take your social security. Tweetable Quotes: ●     “When you know when you want to apply for social security, you want to apply 3 months before.”- Murs Tariq ●     “If you're taking social security, don't think that it's tax-free and you want to make sure that you run an analysis and you're working with an advisor to help you think through tax.”- Radon Stancil Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit https://pomwealth.net/3-keys-to-secure-your-retirementlp/ (POMWealth.net/podcast.)

Who's your ideal client and what's the biggest challenge they face?What are the common mistakes people make when trying to solve that problem?What is one valuable free action that our audience can implement that will help with that issue?What is one valuable free resource that you can direct people to that will help with that issue?What's the one question I should have asked you that would be of great value to our audience?When was the last time you experienced Goosebumps with your family and why?Get in touch with Murs: Website, Podcast, InstagramLearn more about how Uwe helps in-demand professionals and their VIPs to get back their family mojo, double their financial security, and live in abundance in all areas of their life (without feeling guilty or constantly questioning themselves): Visit www.uwedockhorn.com. Or when you feel you'd be interested in working together you can Book A Chat With Uwe

Who's your ideal client and what's the biggest challenge they face?What are the common mistakes people make when trying to solve that problem?What is one valuable free action that our audience can implement that will help with that issue?What is one valuable free resource that you can direct people to that will help with that issue?What's the one question I should have asked you that would be of great value to our audience?When was the last time you experienced Goosebumps with your family and why?Get in touch with Murs: Website, Podcast, InstagramLearn more about how Uwe helps in-demand professionals and their VIPs to get back their family mojo, double their financial security, and live in abundance in all areas of their life (without feeling guilty or constantly questioning themselves): Visit www.uwedockhorn.com. Or when you feel you'd be interested in working together you can Book A Chat With Uwe

Securing Peace of Mind When Money Matters Our Host, Lori La Bey will be talking with Murs Tariq.  He is a CERTIFIED FINANCIAL PLANNER™ and partner at Peace of Mind Wealth Management.  Murs focuses on working with people close to or already retired; helping them navigate not just the investment side, but also all the major decisions that come with retirement.  They are a holistic financial planning company that works in the world of investing, retirement planning, taxes, and estate planning.  We are live today so call in and ask your questions  (323) 870-4602 Contact Murs Tariq      Website     Phone 919-787-8866 Contact Lori La Bey or visit www.AlzheimersSpeaks.com Alzheimer's Speaks Radio - Shifting dementia care from crisis to comfort around the world one episode at a time by raising all voices and delivering sounds news, not just sound bites since 2011.

Life keeps us so busy that we barely have time to worry or think about our retirement. But, as it is inevitable, start thinking about it is probably a good idea. To our guest, Murs Tariq, the sooner we start thinking about a retirement plan, the better, but it is never too late to come up with one. From a financial standpoint, Murs believes that having an exciting and comfortable retirement is not about how much money we earn during our active life. It is about how much money we saved and what our habits are when it comes to spending. Murs Tariq is a Certified Financial Planner, Author, Podcast Host, and Partner of Peace of Mind Wealth Management. He is a first-generation American; Murs and his family came from Pakistan to live the American dream. Throughout his upbringing, the family experienced some tough moments, where there was a lot of thought on every dollar spent. Eventually, Murs' family behavior around money paid its dividends in the long term, and he had a very comfortable childhood. Still, that part of his life would influence his relationship with money and set his career path. In this episode, our conversation revolves around the importance of having a well-thought retirement plan. Murs shared details of his childhood and why he decided to work with retirement plans being so young. He also described the differences between the two types of Certified Financial Planners, the kind of work they do at Peace of Mind, and their ideal clients. We also talk about how we can deal with the things we can't anticipate, what type of retirement plan he advises for those who will keep working after retirement age, and more. Some Questions I Ask:What is a Certified Financial Planner, and what do you bring to the table to help people secure their retirement? (3:26)When should a person start thinking about what they're doing with their money? Perhaps seeking help from a finances specialist (12:08)I know several other professionals who enjoy what they do, and they're keeping on working. Does that mean they can save less than somebody planning on retiring? (21:35)In This Episode, You Will Learn:Murs talks about the two types of Certified Financial Planners and what they offer to the client (7:48)About why Murs decided to go through the Financial Planning path (9:27)Although never is too late, the sooner we create a financial retirement plan, the better (11:13)What are the pitfalls all of us should avoid when thinking of our retirement plan (23:57)Resources:Peace of Mind Wealth Management websitePeace of Mind Wealth Management YouTubePeace of Mind Wealth Management InstagramPeace of Mind Wealth Management FacebookBook: Murs Tariq, Radon Stancil - Secure Your Retirement: Achieving Peace of Mind for Your Financial FutureSecure Your Retirement podcastConnect with Murs:LinkedIn See acast.com/privacy for privacy and opt-out information.

Is retirement a foreign concept? Have you already thought about what you would do for your retirement?Let's be honest? We all at some point dreamed of retiring early... To be traveling around the world, staying in a private mountain view house, picking up the habit that you meant to start years ago...If you're thinking about how life can be great when you are retiring, you are not alone …Some feel excited about all the new opportunities that awaitBut others become anxious because if your expenses are still at the same level or increase, things will be challenging without prior financial preparation.Therefore, you need to be prepared early for your retirementEspecially a high functional leader like yourself, you probably wouldn't be the type to do anything and just chill.So, what do you need to do to make sure your future retirement life will proceed smoothly?This is why I invited Murs Tariq to speak with you on this podcast episode for the Powerful and Passionate Healthcare Professionals.Murs is a Financial Advisor for small business owners.He shares insight with you on how to secure your financial planning for retirement.As a hard-working healthcare professional, you deserve to live your best life in retirement.  Subscribe

Is retirement a foreign concept? Have you already thought about what you would do for your retirement? Let's be honest? We all at some point dreamed of retiring early...  To be traveling around the world, staying in a private mountain view house, picking up the habit that you meant to start years ago... If you're thinking about how life can be great when you are retiring, you are not alone … Some feel excited about all the new opportunities that await But others become anxious because if your expenses are still at the same level or increase, things will be challenging without prior financial preparation. Therefore, you need to be prepared early for your retirement Especially the high functional leader like yourself, you probably wouldn't be the type to do anything and just chill. So, what do you need to do to make sure your future retirement life will proceed smoothly? This is why I invited Murs Tariq to speak with you on this podcast episode for the Powerful and Passionate Healthcare Professionals. Murs is a Financial Advisor for small business owners. He shares insight with you on how to secure your financial planning for retirement. As a hard-working healthcare professional, you deserve to live your best life in retirement.    Subscribe

Murs Tariq is a Certified Financial Planner and Partner at Peace of Mind Wealth Management. He has over a decade of expertise in retirement planning and a lifetime of knowing the importance of saving, investing and building wealth. As a first-generation American, Murs was brought up knowing the value of a dollar and the importance of budgeting, saving, and planning for the future. He now uses those same skills to help others plan for a great financial future!

If you're considering retiring before the Medicare age of 65, there are a few things you need to know. When thinking of early retirement, it is important that you consult a financial professional to help you put together a spreadsheet on the factors to consider. In this episode of the Secure Your Retirement podcast, we talk about retirement before Medicare and the factors to consider before doing so. Listen in to learn when it's beneficial to wait for age 70 to take your social security and when it's not. In this episode, find out: ●     Understanding what it means by saying retirement before Medicare. ●     The factors to consider when it comes to your healthcare when you choose to retire before Medicare. ●     The difference between doing calculations on your own versus using a professional. ●     When you're eligible to take your social security and whether or not you should wait to take it. ●     Don't try to create a spreadsheet alone and instead consult professionals like us to help you make it easier. Tweetable Quotes: ●     “If you retire before 65, you're not eligible for Medicare.”- Murs Tariq ●     “When you're doing this on your own sometimes, it's hard to make those calculations.”- Radon Stancil Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit https://pomwealth.net/3-keys-to-secure-your-retirementlp/ (POMWealth.net/podcast.)

Episode 48: Financial Planner Murs Tariq talks about his work and how he can help you at any age. Here is a link to his website Murs Tariq. If you have comments please let us have them at ty.tyree@waaoinc.org. If you enjoy our podcasts and would like to help support our efforts you can become a subscriber: https://anchor.fm/growing-older/subscribeBorn in Pakistan, Murs came to the United States as an infant and grew up in a small town in North Carolina. His parents still live there and through the drive and values they helped him build, he is successfully helping other people. We also touched on one of the really important  issues, and that is get the paperwork done now! --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/appSupport the show (https://www.patreon.com/user?u=58401706&fan_landing=true)

Have you been considering purchasing an annuity as part of your financial retirement plan? An annuity is an insurance product that you buy from an insurance company and is very advantageous.  When purchasing an annuity, it is important you evaluate the insurance company just like you would a financial advisor to determine its financial background for the safety of your money. In this episode of the Secure Your Retirement podcast, we talk about annuities, what they are, and their benefits for your retirement plan. We explain an annuity's income benefits, bond alternative, and tax deferral advantages.  In this episode, find out: Ensure you evaluate and choose a strong insurance company when purchasing an annuity. The legal reserve system – a regulatory safety mechanism that ensures your money with an insurance company is protected.  The qualified and non-qualified money and how to understand your buckets in each and what makes the most sense to purchase an annuity. Why your after-tax money can make sense if put into an annuity for tax deferral.  The tax benefits of purchasing an IRA annuity.  How you can structure annuities to provide you a guaranteed income you can't outlive. How to use the annuity as a bond alternative so you don't worry about bond volatility.  How to use an annuity to tax defer on non-IRA money and invest in the market very low.  Understanding an income rider in annuity and its benefits to your retirement plan.  Tweetable Quotes: “We like working with stronger rated insurance companies that have some good financial background to them.”- Murs Tariq  “There's no reason in going to an insurance company in the very beginning that's not already highly rated.”- Radon Stancil Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit https://pomwealth.net/3-keys-to-secure-your-retirementlp/ (POMWealth.net/podcast.)

Have you been asking yourself whether it is time to sell or buy? It is perfectly normal to be nervous about your money in the current market, which is a result of the 2020 global pandemic. It is important that you be very careful when making money decisions, especially if they're not based on data. In this episode of the Secure Your Retirement podcast, we talk about the current market high and whether you should consider selling. We cover the buy and hold and active management investment philosophies and why you should think of the latter when buying or selling. In this episode, find out: ●     The meaning of the market hitting new highs and why you shouldn't overthink about the new highs. ●     Don't make investment decisions based on what you see in the news and instead follow data. ●     The buy-and-hold investment philosophy and why it's risky during a market up or down. ●     Active management investment philosophy- when to shift from stock market to bonds to cash and vice versa. ●     Take the emotions out of the investment equation and instead look at the data. ●     Why you shouldn't necessarily rush to sell based on your feelings and instead wait for the data. Tweetable Quotes: ●     “Be careful when you read record highs; record high just means that the market has gotten higher than it's ever been in the past.”- Radon Stancil ●     “It's the media's job to make these stuff seem exciting while if you just take a step back and look at what's going on, it's ideal for the market to be hitting new highs.”- Murs Tariq ●     “You don't want to make a decision off of what's going on in the news; you want to follow the data as much as possible.”- Murs Tariq Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit https://pomwealth.net/3-keys-to-secure-your-retirementlp/ (POMWealth.net/podcast.)

When looking to hire a financial advisor, what are some of the things you need to be aware of? Hiring the right financial advisor for you all comes down to knowing what you're looking for, what you're paying for, and whether the person you're working with knows what they're doing. In this episode of the Secure Your Retirement podcast, we cover the 8 questions you need to know positive answers to from a potential financial advisor before hiring them. In this episode, find out: ·      Make a commitment to yourself to get your checkup done. ·      List your objectives on the type of relationship that you want to have with a financial advisor. ·      Ask questions – eight questions you need to know answers to from a potential financial advisor. ·      Meet and sit down with the advisor you choose to hire to get to know them at a personal level. ·      Ensure you get something in writing as far as a contract that states relevant terms. ·      Understand the difference between a certification and a title. Tweetable Quotes: ·      “If you have a list built out in front of you, take that to your advisor meetings as you're searching for that person to see if they match up to what you're looking for.”- Murs Tariq ·      “The number one reason why a person will leave their financial advisor has nothing to do with performance, it has everything to do with communication.” - Radon Stancil Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit https://pomwealth.net/3-keys-to-secure-your-retirementlp/ (POMWealth.net/podcast.)

Have you asked questions about payment to that financial advisor you're considering hiring? When it comes to hiring a new financial advisor, it is important to ask and understand how they're getting paid. Whether they're getting paid through commission or fees, they should disclose that information with ease. It's always good to know the type of fees you're getting into. In this episode of the Secure Your Retirement podcast, we talk about how advisors can get paid through fees and commissions. Listen in to learn about fiduciary and why it is important to ensure the financial advisor you hire is also a fiduciary. In this episode, find out: ·      Why you should ask your financial advisor how they're getting paid to understand fees. ·      How advisors used to be paid commissions on stocks and mutual funds brokering. ·      How advisors charge on an hourly basis/flat rate or a percentage of assets they're managing. ·      Fiduciary – someone making decisions for you before they make decisions in their favor. ·      The importance of working with a fiduciary and asking that question before hiring an advisor. ·      The difference between legal and assumed fiduciary. ·      Ways that can hold an advisor to a fiduciary standard and suitability. ·      Ensure you properly understand an investment when not working with an independent advisor. Tweetable Quotes: ·      “The big thing here is someone that is working in your best interest, making decisions for you regardless of how it's going to affect them.”- Murs Tariq ·      “Fiduciaries a lot of time will keep things very clean so they don't have to disclose things like paid recommendations.”- Radon Stancil Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit https://pomwealth.net/3-keys-to-secure-your-retirementlp/ (POMWealth.net/podcast.)

What are some of the rip-offs you should keep an eye for when choosing an advisor to manage your retirement plan?  When looking for a suitable financial advisor for you, you should ask as many questions as you can to understand certain concerning situations.  In this episode of the Secure Your Retirement podcast, we talk about 4 retirement investment and planning rip-offs you should always avoid. Listen in to learn how to approach these 4 rip-offs by ensuring you fully understand each before you hire an advisor.  In this episode, find out:  Be wary of an advisor saying there are no fees – there are always fees involved in any transaction. Bait-and-switch – understand that a good rate is sometimes meant to last for a certain period. Be careful about outrageous claims on average rates on returns or an advisor's performance. Why you shouldn't hold on to outdated beliefs that are no longer viable today.  Tweetable Quotes: “Don't hold on to old belief systems, compare and see what has changed to maybe make a certain product viable.”- Radon Stancil  “Try to understand how realistic some of these rates of return are that are being thrown at you.”- Murs Tariq  Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit https://pomwealth.net/3-keys-to-secure-your-retirementlp/ (POMWealth.net/podcast.) To receive our free book, Get Off the Retirement Rollercoaster, leave a 5-star rating review on Apple Podcasts and send a screenshot to morgan@pomwealth.net.

Are you nervous about retirement? If you're already there, are you enjoying yourself?As much as we might want to focus just on exercise and diet, finances are a big part of our overall wellbeing, too. And for many people over 50, the thought of retiring can be stressful. Even if they have done what they need to, they still wonder — will it be enough? Will I be able to live how I want to live? Am I in good shape?It sounds a lot like the conversations we have with ourselves and clients about exercise, doesn't it? That's not the only similarity. Financial fitness comes from making decisions based on values, sticking with them in general but being open to modifications, and remaining consistent over time.How many trainers have given similar advice to new fitness clients?I want to talk about financial fitness here from time to time And I thought a good way to start would be with a financial planner. Murs Tariq is partner at Peace of Mind Wealth Management In Raleigh, North Carolina, and co-host of the Secure your Retirement podcast.We cover a lot of ground — on common fears, smart strategies, and concerns you might have as an entrepreneur about topics like succession planning. I hope you'll find it thought provoking — and if you don't have a retirement plan or someone to help you make one, there's never a better time to start than now. Time Index4:50 -- Working and retirement have changed over the years13:00 -- Nobody's going to do it for you22:00 -- The lingering fears38:00 -- Small businesses, succession planning, and unexpected turns43:55 -- Three Things I Like This WeekResources and LinksMurs Tariq at Peace of Mind Wealth ManagementNaamly -- Support our advertiser, who helps you keep in touch with your membersChristopher Meloni, Men's HealthOptometryTimes.com

How does tax affect your non-IRA brokerage accounts? What if we told you that there's a clean and better way for you to get tax deferral on your capital gains? A strategy that works at a low cost and that gets rid of the annoying short-term capital gain problem. This strategy is by use of the variable annuity, which even though we have stated has more negatives than positives, in this case, is highly beneficial for your capital gains. In this episode of the Secure Your Retirement podcast, we explain how you can get tax-deferred growth on your capital gains through a variable annuity. Listen in to learn how to smartly alleviate tax pain on your retirement plan strategy held in your non-IRA brokerage account. In this episode, find out: ·      How a brokerage (non-qualified) account is taxed by dividends or interests sitting in cash. ·      Getting taxed through short-term capital gains at your ordinary income level. ·      The favorable long-term capital gain in a different tax category. ·      How to get tax-deferred growth on your capital gains through a variable annuity. ·      The huge positive of using a variable annuity for tax deferral even with its many negatives. Tweetable Quotes: ·      “The act of selling a stock in a brokerage account, that is what is going to generate the taxable gain.”- Murs Tariq ·      “If I have a significant loss, that is far worse sometimes than paying the tax.”- Radon Stancil Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit https://pomwealth.net/3-keys-to-secure-your-retirementlp/ (POMWealth.net/podcast.) To receive our free book, Get Off the Retirement Rollercoaster, leave a 5-star rating review on Apple Podcasts and send a screenshot to morgan@pomwealth.net.

Are you thinking about how you will retire? Do you know how much is needed to retire?  In this episode we discuss the fear of retirement and we are joined by Murs Tariq, a Certified Financial Planning and partner at Peace of Mind Wealth Management. With over a decade of expertise in retirement planning, Murs is dedicated to helping clients pursue their ideal retirement. As an author and co-host of the ‘Secure Your Retirement' show, Murs speaks on investing with risk management, income planning, and tax planning for and during retirement. As a first-generation American, Murs was brought up with a different perspective on the value of the dollar and the importance of proper budgeting, saving, and overall financial planning. It is this upbringing that led him to his Finance degree from North Carolina State University and eventually finding his passion in shaping the financial future of others Connect With Murs www.pomwealth.net Instagram.com/mmtariq Facebook.com/murst linkedin.com/in/murstariq/   Follow the Podcast on Instagram  Join Milestones, Motivation & Money on Clubhouse  Join the Milestones, Motivation & Money Facebook Group Book Angel to speak here Be a guest on the Podcast, Apply here  Order the Ballin On A Budget Workbook Order Upfront: An Entrepreneur's Quick Start Guide   Have a podcast? Need to Create Promo Graphics?  Get 2 Weeks FREE of Headliner Looking for Podcast Guests? Or Wanting to be a guest on other podcasts?  Check out this podcast matching service

If we're going to retire, we want to seriously ROCK that retirement! But many of us have fears and worries when retirement begins to draw near. Such as... will there be enough money to do the things we want to do? Will our money outlast our years? What about budgeting health insurance such as Medicare Supplements and Prescription Drug Plans? Social Security! Thinking of all these things can definitely feel overwhelming. But to the rescue is today's guest who definitely brings peace of mind to this conversation and quells our fears with sensible approaches and answers that relieves fear and put us in the driver's seat! Meet Murs Tariq, a Certified Financial Planner™ and Partner at Peace of Mind Wealth Management. With over a decade of expertise in retirement planning, Murs is dedicated to helping clients pursue their ideal retirement. Murs Tariq knows all too well what people most commonly fear when planning for retirement. In this episode, he shares the top 3 things someone should do when they are ready to retire, how they can invest and not have to worry about a market crash, how to plan for the future -- without a crystal ball -- and even the pitfalls people should avoid regarding their retirement plan. In this power-packed hour, we cover a lot of ground, including Murs advice on how to vet your advisor to ensure he's not the next Bernie Madoff. As a co-author and co-host of the Secure Your Retirement show and book, Murs speaks on investing with risk management, income planning and tax planning for and during retirement. As a first generation American, Murs was brought up with a different perspective on the value of the dollar and the importance of proper budgeting, saving, and overall financial planning. It is this upbringing that led him to his Finance degree from North Carolina State University and eventually finding his passion in shaping the financial future of others. Passionate about his profession, Murs values education as an important component of working alongside his clients and encourages them to get very involved in the process of investing their money. He discusses investing on your own verses with a professional, and even shares his philosophies on investing. Listeners will love how he defines the difference between being rich and being wealthy! A must-listen, power-hour of enlightYOUment from beginning to end for everyone that appreciates the value of the money they earn, wonder if money makes their world go around, and is looking forward to one day retiring or is already to that point and ready to embark on their next many adventures that await!Secure your retirement is a ready, set, GO-FOR-IT-episode...that every Aging GreatFULLy listener will appreciate!To connect with Murs Tariq and his amazing team at Peace of Mind Wealth Management regarding any questions you may have on investing, financial advice, or retirement planning, purchase a copy of his Secure Your Retirement book, co-authored with POM Wealth Founder, Radon Stancil, CFP® or listen to their Secure Your Retirement podcast visit www.POMwealth.net. Thank you, amazing Aging Rebels, for tuning into the show from all over the world! It is you the amazing listener and awesome guests like today that make the show what it is! We appreciate every one of you! If you enjoy this episode or feel someone you know may benefit from it please share it with your friends and family and leave us a positive show review on your favorite platform. We love recognizing listeners on the show who do! We strive to be The Listener's Show! To connect, share, download, stream or find more ways to listen, including Audible, Amazon Music, Ask Alexa, visit us at www.CTRNetwork.com/holleykelley or www.HolleyKelley.com. Remember, YOU Rock and YOU Role Model!

Have you seen or heard about a Robo-Advisor? What is a Robo-Advisor, how does it work, and should you consider it? A Robo-Advisor is a computer that's going to manage your investments for you operating on your instructions, but not necessarily looking out for the best opportunities. It is basically a passive investment that doesn't give you the hands-on touch that a human advisor would.  In this episode of the Secure Your Retirement podcast, we cover why it is difficult for a computer to handle the evolving nature of retirement planning. Listen in to learn what a Robo-Advisor can do or not do for you and when you should consider it.  In this episode, find out: Understanding the meaning of Robo-Advisor How a Robo-Advisor puts you in asset allocation based on your risk tolerance  The passive investment concept that is the Robo-Advisor  How the Robo-Advisor helps you rebalance your investment without your involvement The things that the Robo-Advisor doesn't understand about you and your investment  The difference between a human financial advisor and a Robo-Advisor Tweetable Quotes: “The what-ifs are huge and that is not answerable by a computer algorithm.”- Murs Tariq  “If you believe that a buy and hold strategy is the best strategy for you, then a Robo-Advisor could be good.”- Radon Stancil   Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit https://pomwealth.net/3-keys-to-secure-your-retirementlp/ (POMWealth.net/podcast.) To receive our free book, Get Off the Retirement Rollercoaster, leave a 5-star rating review on Apple Podcasts and send a screenshot to morgan@pomwealth.net.

Have you been thinking about investing in cryptocurrency? Is cryptocurrency safe for your retirement plan?  Before investing in anything, especially something as new as cryptocurrency, it is crucial to understand and think about its risks. Cryptocurrency is currently volatile and risky and you must be willing to lose it all when investing. In this episode of the Secure Your Retirement podcast, we share our opinions on crypto investing and if it's something you should include as part of your retirement plan. We examine whether the current crypto demand is long-term and whether it should be used as an investment determiner.   In this episode, find out: Have an objective before planning to invest in anything The importance of understanding and thinking about your risks the closer you are to retirement Why the newness and volatility of crypto is making it very risky to invest your retirement in  Why you should only invest in crypto if you're willing to lose it all Why you shouldn't invest in anything that you don't understand  How to invest in what is in demand and what you understand without losing money Tweetable Quotes: “The close you are to retirement, it's important to understand and think about your risks.”- Radon Stancil   “It's so volatile that there's an inherent amount of risk to it.”- Murs Tariq  “You should not invest in crypto or anything that you're not willing to lose.”- Radon Stancil   Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit http://pomwealth.net/podcast (POMWealth.net/podcast).  To receive our free book, Get Off the Retirement Rollercoaster, leave a 5-star rating review on Apple Podcasts and send a screenshot to morgan@pomwealth.net.

Are you ready to begin your next chapter and step into retirement? You may not be sure how to start transitioning yourself into your retirement phase, but this episode will take away the fear of stepping away from your business and give you some great tips to get started!Murs Tariq is a Certified Financial Planner and a partner at Peace of Mind Wealth Management. With over a decade of expertise in retirement planning, Murs is dedicated to helping clients pursue their ideal retirement. As an author and co-host of "Secure Your Retirement" show, Murs speaks on investing with risk management, income planning, and tax planning for and during retirement. As a first generation American, Murs was brought up with a different perspective on the value of the dollar and the importance of proper budgeting, saving, and overall financial planning. It is the upbringing that led him to his Finance Degree from North Carolina State University and eventually finding his passion in shaping the financial future of others.Episode Highlights:Retiring does NOT have to be scary!The most common question asked is "Do I have enough?"Through years of hard work and investing, you want to make sure you are taken care of in the future, and that all of your "What if?" questions are answered - that's where a financial planner can come in!Each retirement plan is unique to the personThere is no set formula or dollar amount that is required to retire - it's all dependent on how you picture your retirement and how you'd like to spread your money outThe earlier your plan, the BETTER!Understand what you have now and how you can make it work for you in the futureThere are a number of investment strategies available - 401K, Roth IRAs, and GIAs are a few examplesWorking with a financial planner can help you take a look at the bigger picture early on, which can take away the stress and give you peace of mind when you enter retirementLinks & ResourcesPeace of Mind Wealth ManagementSecure Your Retirement - PodcastSecure Your Retirement by Murs Tariq and Radon Stancil Flash Boys: A Wall Street Revolt by Michael LewisGreenOak AccountingTherapy For Your Money

Murs Tariq is a certified financial planner and partner at Peace of Mind Wealth Management. With over a decade of expertise in retirement planning, Murs is dedicated to helping clients pursue their ideal retirement. Heis also an author and co-host of the Secure Your Retirement Podcast, where he speaks on investing with risk management, income planning, and tax planning for and during retirement.As a first-generation American, Murs was brought up with a very different perspective on the value of the dollar and the importance of proper budgeting, saving, and overall financial planning. It is this upbringing that led him to acquire his finance degree from North Carolina State University and eventually helped him find his passion in shaping the financial future of others. Join us today as we discuss the complexities of succession planning, why people are afraid of planning for retirement, and how the uncertainty of the pandemic has influenced the field of wealth management. In this episode, you'll learn about the impact of rising taxes on your retirement plan, how to factor in the possibilities of a longer lifespan into your retirement plan, and when it is too early to retire, so tune in today as Murs breaks down the four main pitfalls that people make in their retirement plan.What you'll learn about in this episode:Get to know Murs Tariq and how his upbringing led him to his finance degree. How Murs' journey as a first-generation American has shaped his perspective on financial planning and his career path. An introduction to the complexities of succession planning: business owners often have trouble stepping down or developing a succession plan.Why people are afraid of planning for retirement: fear of the unknown. The goals of Peace of Mind Wealth Management as a holistic financial planner. How the uncertainty of the pandemic has influenced the field of wealth management and how to plan for the future in these uncertain times.How upcoming tax increases will affect your investments or future retirement.The difference between being a good steward of your resources and living in fear and scarcity. How Peace of Mind Wealth Management err on the side of caution by accounting for low interest rates and high inflation. The impact of lifespan: how to avoid outliving your finances. The problem of retiring early and thoughts on the recommended retirement age. Murs breaks down the four main pitfalls that people make in their retirement planning. The importance of having a retirement income plan, understanding what are your expenses are going to be, and knowing how these amounts work against your assets. Why you shouldn't compare your retirement plan with someone else's.  Why a retirement income plan is as important as your investments.How people often don't realize how much risk they have on their investments. The importance of revisiting your 401(k) plan and being more conservative with your investments as you get closer to retirement age. Mur's biggest tip for anyone listening, young or old: take an interest in your financial life!The value of getting a wealth manager, even if you are not wealthy.Thoughts on the K economy and how the pandemic has affected interest in financial planning. Murs shares some resources, like The Three Keys to Secure Your Retirement course and the Secure Your Retirement podcast.Click Here to Download the Transcript

Are you truly ready for a financially fit retirement? Have you taken the critical steps to manage your investments, cash, tax liabilities and estate planning? If you aren't sure, our next guest can help. Murs Tariq is a CERTIFIED FINANCIAL PLANNER™ and a Partner at Peace of Mind Wealth Management. With over a decade of expertise in retirement planning, Murs is dedicated to helping clients pursue their ideal retirement. As an author and co-host of the ‘Secure Your Retirement' show, Murs speaks on investing with risk management, income planning and tax planning for and during retirement. In this episode he tells us why his ideal client is 10-15 years away from retirement, because there is still much to do, plenty of time to do it, and opportunities to review and adapt along the way. In addition, he talks about the importance of a written retirement income and spending plan, an investment strategy that fits your comfort level, having beneficiaries in order, and more.   Listen in! CONNECT WITH MURS https://facebook.com/murst/ https://www.pomwealth.net/ https://instagram.com/mmtariq/ https://LinkedIn.com/in/murstariq/ …………………………………………………. Thank you to our April Sponsor: Entrepreneur's Guide to Financial Well-Being or Wayne Titus Imagine starting a long journey without a map…or even a clear idea of the obstacles ahead. That's exactly what it's like for entrepreneurs who start companies with a lot of passion, but without the financial expertise to grow and scale their businesses and create long-term wealth for their families. Wayne Titus shows you how to find a financial adviser who can help you map a better journey. In his book, The Entrepreneur's Guide to Financial Well-Being.  With the right adviser at your side, you'll have the freedom to focus on what really matters to you. Get The Entrepreneur's Guide to Financial Well-Being at Amazon.com and in the virtual bookstore on the Shock Your Potential app.  

Murs Tariq, CFP talks to Dr. Justin Trosclair, DC on A Doctor's Perspective Podcast We saved for 40 years now what and how do we plan to take out the money once we are in retirement. CFP Mars Turiq helps us understand the pitfalls and what to do now so we can be comfortable later. What are his views on the student loan forgiveness proposal? How do we manage a mortgage, student loans and retirement savings during this current virus situation? What type of goals setting does he find most important? Living within your means. A terrible sentence for some and the mantra of life for others. You can spend all your money on houses and cars etc but not amass affluence. CFP, Certified Financial Planner - Murs is a Fiduciary, but what does that mean for you? Fiduciary vs Suitability standards. He covers the differences. What is the ideal amount of money for retirement? How much does your expenses and standard of life dictate what is enough money to retire? If you are fully invested in the stock market, at what age is it a good idea to switch some to bonds, annuity's, life insurance, real estate and more? Common pitfalls people make and could avoid when planning for retirement thats 10 years away or sooner. what is your risk exposure to a fluctuating marketwhat is your plan for liquidate your retirement accounts so it lastssocial security benefits, pension withdrawals, 401k and Roth IRAs, real estate income, annuity income etc Is a 15% savings rate enough? Advantages of Roth vs traditional IRA retirement deal with pre or post tax savings. Mars sheds some light not just that taxes may go up in the future but what happens to the tax brackets could greatly affect your long term gain and tax burden. 529 Funds for your kids education. What happens if you super fund it and they don't use it all? What can we do with that extra money and the taxes and penalties involved? What lessons can we learn from a 1st generation American? With a 1 year old and his own business, he finds that being present in the few hours he has with his kid and then his wife is paramount to keep the family side of life healthy. Podcast: the Daily, Rory Vayden Influential Personal Brand, Secure Your Retirement show since September Murs Tariq 10 years as a Certified Financial Planner with Peace of Mind Wealth Management. www.pomwealth.net Raleigh, NC Show notes can be found at https://adoctorsperspective.net/172 here you can also find links to things mentioned and the full transcript Full Transcript of the Interview (it will have grammatical errors and mistakes). Just Click to expand. Thanks audioburst! Episode one hundred seventy two year retirement now. What host. Dr justin trust glaring. Today mars respect during twenty seventeen eighteen. Podcast awards nominated best selling off author on amazon as we get a behind the curtain. Look at all types of doctor. And get specialties. Let's hear a doctor's perspective now the second month of the year. Twenty twenty one. I hope you're still at the gym. I still hope you're trying to reach your goals. If you haven't yet reached out to people including myself we can help you. Create some manageable goals goal setting and all those types of things that you need that way your rest of twenty twenty. One is your best year ever. It's easy to get distracted with all the election. Thank goodness that's over corona and all those types secondly if you haven't revamp jer curriculum vitae your cv. If you will in a while you've never had one to begin with reach out to me. I can do those. enjoy him. The people who have done them for have said good things and you can find that. At a doctor's perspective dot net slash one sheet and of course that one sheet is a single pdf. It looks good and introduce you. In a way that podcast host a local businesses local chamber would say yes. Please come to my vent speak to my audience. You have value for them at this point.