Podcasts about radon stancil

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 and Murs discuss:The US economic outlook for 2025 with returning guest Andrew Opdyke, an economist who provides valuable insights into the key economic factors shaping the year ahead. With Federal Reserve policies, inflation and interest rates, and market volatility dominating financial conversations, we break down what investors and retirees need to know.From employment trends to investment strategy, Andrew highlights how government policies, market shifts, and technological advancements—such as AI and automation—will influence US economic growth in 2025. Whether you're focused on your retirement plan, portfolio diversification, or simply trying to make sense of 2025 inflation trends, this episode is packed with expert analysis.Listen in to learn about:· How Federal Reserve policies and interest rates could impact your retirement planning· Why market volatility is expected in early 2025 and how to prepare· The economic impact of Trump's policy changes, including tariffs, tax cuts, and regulatory shifts· The role of technology and economic growth, including the rise of AI· Why US employment trends could dictate how quickly the economy stabilizesIn this episode, find out:· How inflation trends from 2024 set the stage for Federal Reserve policies in 2025· Why market volatility explained matters for investors and retirees· The impact of US employment trends on economic growth· What to expect from Trump's policy shifts in trade, taxation, and regulations· Why technology advancements could shape the future of the economyTweetable Quotes:· "The Federal Reserve has a balancing act in 2025—cutting rates while ensuring inflation doesn't spike again." — Radon Stancil· "2025 is shaping up to be a year that economic textbooks will reference—whether for policy success or political gridlock." — 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 holistic wealth management, which goes beyond just savings and investments. While an investment manager looks at your investments or savings in your wealth accumulation phase, a holistic wealth manager helps you build a comprehensive retirement-focused financial plan. Listen in to learn all the data points we collect and focus on to help you build a comprehensive retirement-focused financial plan. You will also learn the advantages of having a holistic wealth manager to help you make major financial decisions in retirement that you might otherwise hesitate to make. In this episode, find out: The role of an investment manager in guiding you to properly save and invest in the wealth accumulation phase. The difference between an investment manager and a holistic wealth manager. How a holistic wealth manager will help you build a comprehensive retirement-focused financial plan. All the data points we get and focus on to help you build a comprehensive retirement-focused financial plan. How holistic financial planning covers all the financial concerns that bother people in retirement. The advantages of having a holistic wealth manager to help you make major financial decisions in retirement. Tweetable Quotes: “When you work with a holistic wealth manager, they're going to begin everything by building a comprehensive financial plan and, in our case, a comprehensive retirement-focused financial plan.”- Radon Stancil. “Just because you may have done a good job of saving the assets, a lot of time you need a lot of help getting all the way to the finish line and understanding some of the major financial decisions.”- 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 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 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.

What do you do in an extended market downside as opposed to a short one? How do you invest in a downturn market? The closer we are to retirement, the more nervous a downside market affects us. All year 2022, the market has been volatile, and the recovery is not as quick as we experienced during the 2020 pandemic. What we're looking for now are investments that are low risks, not correlated to the stock market, and do well in rising interest rate markets. In this episode of the Secure Your Retirement podcast, we talk about the current market volatility and how to invest. Listen in to learn about the fund designed to protect your investment and the other one that does better in a high-interest rate market. In this episode, find out: ●     Why a downside market creates a lot of anxiety the closer you get to retirement. ●     The difference between a quick market downturn and an extended market downturn. ●     The factors contributing to the high inflation rate and the market downturn in 2022. ●     Comparing the 2022 inflationary crisis to the financial crisis of 2008. ●     The mutual fund is designed to protect your principal and provide interest payments. ●     Why we might utilize a fund that does better in high-interest rate and volatile markets. Tweetable Quotes: ●     “The closer we are to retirement, the more nervous a downside market affects us.”- Radon Stancil ●     “The idea of using bonds to de-risk your portfolio and reduce volatility to hedge yourself has not worked at all in 2022.”- 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.)

Have you been wondering whether to do a beneficiary and how to do it? There are different accounts that require you to have beneficiaries, including your retirement accounts. A beneficiary is a person you assign while you're living to receive the benefits of your accounts after you pass. In this episode of the Secure Your Retirement podcast, we talk about beneficiary destinations and how to do them correctly. Listen in to learn the importance of doing annual beneficiary reviews and listing your accounts for the benefit of your beneficiaries.   In this episode, find out: Different types of accounts that are almost required to have beneficiaries. Understanding the primary and contingent beneficiaries plus the tax risks of not having a beneficiary. The differences between the per capita and per stirpes beneficiary destinations. How the per stirpes language can help with the tax options during inheritance. Have beneficiaries in place for all accounts, and ensure you do a beneficiary review every year. The importance of listing all of your accounts to ensure your beneficiaries know where to look. Tweetable Quotes: “The beauty of per stirpes is that it makes sure that the lineage is taken care of versus one person getting everything because someone is not around to inherit.”- Murs Tariq “Make a list of all of your accounts so that whoever your beneficiaries are, they'll know where to go look.”- 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 considering taking that complimentary call and possibly working with us? Here at Peace of Mind, we have a well-curated system from the first meeting we have with a potential client to the actual job of managing their financial retirement plan. In this episode of the Secure Your Retirement podcast, we take you through our process and the four steps to secure your retirement. Listen in to learn how we conduct a risk assessment on your investments, plus come up with an active retirement financial plan for you. In this episode, find out: ●     Personalized introduction meeting – a no-obligation meeting checking where you are and if we're potentially a good fit. ●     The two reasons why we might think you're not a good fit for us on the first meeting. ●     Personalized planning meeting – putting your information together into a retirement focus financial plan. ●     Things that go into a risk assessment that we conduct during our second meeting. ●     The advantageous aspects of the complimentary personalized planning meeting. ●     Personalized options review – walking you through all the options as to how we can start a working relationship. ●     Personalized monitoring – an ongoing process of actively managing your money accounts and financial plan. Tweetable Quotes: ●     “We have a process/ system, you either like, or you don't like it we're comfortable with that.”- Radon Stancil ●     “If you have investments, we're going to take a look at what your investments are and essentially do a score as to how risky they are.” - 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.)

Over the last couple of years, we've covered many topics on investing and retirement planning. We have a whole library of information on any topic that you can think of. In this episode of the Secure Your Retirement podcast, we share information on where you can find the episodes, you're looking for over a glass of Erath Pinot Noir wine. We explain the different episodes under different categories and why you should listen or re-listen. Listen in to learn why we advocate for the simple three-bucket retirement strategy instead of the buy and hold strategy. In this episode, find out: ●     Episodes on estate planning include wills, power of attorneys, trusts, and much more. ●     Recommendations on retirement planning episodes and what you'll learn. ●     Episodes to help you understand tax and how to tax do the planning. ●     Episodes on portfolio management – why active management and not buy and hold. ●     The big topic of annuities and the 8-part series we have about them. Tweetable Quotes: ●     “The retirement bucket strategy is a simple three bucket strategy that takes away all the stress because you're going to know where your cash, income and safety, and growth are at.”- Radon Stancil ●     “Once you have the investment strategy and retirement plan figured out then taxes become something you want to focus on.”- Murs Tariq Where Is My Episode? Estate Planning: EP 1 – Chess Griffin – How to Know What You Need for Your Estate Plan EP 73 – Chess Griffin – Do You Need a Trust? EP 106 – What Should You Consider If Your Spouse Passes Away? EP 109 – Chess Griffin – Special Needs Trust – What You Need to Know EP 135 – How to Create an Estate Plan Without the Stress EP 160 – 6 Considerations for Your Estate Plan Retirement Planning: EP 8 – Planning for Retirement – How the Process Works – Part 1 EP 10 – Planning for Retirement – How the Process Works – Part 2 EP 12 – Planning for Retirement – How the Process Works – Part 3 EP 18 – How to Build an Income Plan For Retirement EP 22 – Looking at The Whole Picture in Retirement EP 44 – How Do IRA and 401K Rollovers Work? EP 48 – How Much Do You Need to Retire? EP 52 – The Retirement Planning Checklist EP 58 – Social Security – When is The Right Time? EP 88 – Having a Team Approach in Retirement EP 97 – Social Security Strategies EP 118 – 4 Questions to Help Your Income Plan EP 157 – The Retirement Bucket Strategy EP 162 – 401k Versus IRA Taxes: EP 13 – Tom Turner – Planning Taxes and Retirement EP 66 – How To Convert an IRA to a Roth IRA EP 94 – Tax Strategies for Non-IRA Brokerage Accounts EP 124 – IRAs – Required Minimum Distributions EP 130 – Considerations For Charitable Giving EP 133 – Steven Jarvis – Tax Planning for Retirement EP 158 – Tax Planning Versus Tax Preparation EP 161 – How Required Minimum and QCDs Work EP 163 – Steven Jarvis – Mid-Year Tax Strategies Portfolio Management: EP 16 – Investing During Retirement – Buy and Hold or Active Management? EP 19 – Bill Sherman – Buy and Hold is Dead EP 56 – Asset Allocation or Strongest Assets EP 146 – Risk Adjusted Portfolio – How It Works EP 150 – What's The Difference Between a Mutual Fund and a ETF? EP 153 – Bonds Versus Bond Alternatives EP 159 – When Cash Is Good Annuities: EP 26 – Annuities – Why Ever Use Them EP 30 - Annuities – Why Ever Use Them – Part 2 EP 34 - Annuities – Why Ever Use Them – Part 3 EP 38 - Annuities – Why Ever Use Them – Part 4 EP 41 - Annuities – Why Ever Use Them – Part 5 EP 46 - Annuities – Why Ever Use Them – Part 6 EP 47 – Annuities – Why Ever Use Them – Part 7 EP 54 – Annuities – Portfolio Implementation – Part 8 EP 128 – Should I Consider an Annuity in My Financial Plan? Resources: If you are in or nearing retirement and you want to gain clarity on what...

Radon Stancil, CFP, is a best-selling author and The Founder of Peace of Mind Wealth Management, a firm committed to helping individuals retire with excellence. As the Co-host of the ‘Secure Your Retirement' show his insights have been featured in Forbes, Newsweek, Fox, ABC, NBC, and the Wall St Journal. With over 25 years of experience, Radon is an award-winning advisor who is highly sought after to work with executives, business owners, engineers, pharmaceutical professionals and more. Radon's father was 52 years old when he was born. Having an older father that was born during the great depression had a great impact on how he thinks. His father shared stories of what it was like to see a car for the first time and the privilege to have ice delivered to the house. Radon's father instilled in him a work ethic and the understanding of the value to save for the future. In this episode, Radon shares true and time tested retirement strategies. Tune in to learn how to use them yourself... _____________________________________________________   Rajeev Mudumba's Website: www.rajeevmudumba.com   Plan B Success Podcast: Available on your favorite platform including iTunes @ https://apple.co/2JCSysL?ls=1 or www.planbsuccess.live or www.planb.live   https://www.planbsuccessschool.thinkific.com - You can be a successful Entrepreneur and can do a LOT with your very own podcast. Follow Rajeev's FREE training & you'll discover How to ideate, create, launch, monetize and grow your podcast in just a couple of hours!   Rajeev's Book - My Inspiration: Quotes that shaped my self-improvement journey - Available on Amazon Worldwide on your local Amazon site or @https://amzn.to/2JG1DRL   Plan B Success YouTube Channel: http://bit.ly/2YegieF   Medium Articles: https://rajeevmudumba.medium.com   LinkedIn: https://www.linkedin.com/in/rajeevmud...   Facebook Plan B Success Page: https://www.facebook.com/planbsuccess...   Facebook My Inspiration Book Page: https://www.facebook.com/myinspiratio...   Instagram: @hifromraj1  

How does inflation affect your retirement? We're currently experiencing high inflation due to a number of reasons and it's only wise to know how to plan for it in retirement. In this episode of the Secure Your Retirement podcast, we talk about the current inflation rate, its causes, and how to protect yourself in retirement over a glass of Chardonnay la crema wine. We explain why the current inflation is short-term, why you should consider having an active retirement approach, and a Roth conversion. Listen in to learn how to have a worry-free retirement plan by ensuring you have the cash, growth, and income buckets. In this episode, find out: The low supply chain issues causing the current high inflation rate. Why you don't need to be alarmed by the current high inflation because it's short-term. How to protect yourself against inflation by having an active investment approach. The two scenarios that exist for you if your retirement plan is tight during inflation. Understanding past inflation data and why we believe it's going to come back to normal. The different ways you can prepare your spending plan as a retiree during inflation. How to have a worry-free retirement plan by ensuring you have the cash, growth, and income buckets. Why you should consider a Roth conversion to have a tax-free vehicle to tap into in retirement. Talk to an advisor to understand the tax implication of a Roth conversion before going for one. Tweetable Quotes: “Having an active approach can get you out of harm's way in certain scenarios…rather than just having a buy and hold mentality.”- Murs Tariq “If you want to have a peace of mind retirement or a worry-free retirement plan, make sure that you have the cash, growth, and income buckets.”- 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.)

Did you know that you can legally and ethically avoid paying unnecessary taxes by working with the tax code? With tax planning, you can avoid tax risk. Tax preparation is about being reactive while tax planning is about being proactive all year round every single year. Tax planning years in advance when done correctly, can massively change how much you pay in taxes. In this episode of the Secure Your Retirement podcast, we talk about the benefits of tax planning in the long term as opposed to tax preparation. Listen in to learn how to pay less tax on your income after retirement if you make the same as before or even more. In this episode, find out: ●     The benefits of tax planning and being proactive in the tax calendar year. ●     The big difference between tax preparation and planning – being reactive vs. proactive. ●     Minimize tax on social security benefits by planning to get the money into a tax-free scenario. ●     Why do many people make the same amount of income in retirement and even more? ●     The importance of putting all your money in pre-tax retirement assets like the IRAs and 401ks. ●     The importance of Roth conversions as part of your long-term tax planning goal. ●     Plan for your surviving spouse to ensure they aren't paying more taxes than they're supposed to. Tweetable Quotes: ●     “In retirement, taxes can change the situation drastically in your favor as well as cost you a lot of money.” - Radon Stancil ●     “Roth conversions are a big way to start thinking about this long-term tax planning goal.”- 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.)

Have you given thought to how you'd like to structure your retirement plan? How about a strategy that ensures you have both income and growth in retirement? The bucket strategy is a simple strategy that will give you peace of mind through your retirement. The goal for your retirement should be to have access to money, an income stream, and growth on your money. In this episode of the Secure Your Retirement podcast, we talk about the retirement bucket strategy and its peace of mind benefit. Listen in to learn how to separate the cash, income, and growth buckets and remove worries from your retirement plan. In this episode, find out: The 3 buckets that make up our peace of mind first retirement strategy. Having a liquid cash bucket – an existing and protected emergency or feel-good fund. The income bucket – is a paycheck you can rely upon every single month to cover your needs and wants.   The growth bucket – a growing yet risky bucket and likely going to be in the stock market. Why the income bucket should be disconnected from any stock market fluctuations. How the peace of mind first retirement strategy removes any worry of the stock market fluctuations. Tweetable Quotes: “The reason we can have some volatility in the growth bucket is because we know that our income is covered.”- Murs Tariq “When you retire, you want to make sure that you have the income coming in and you don't want to worry about it.”- 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 the 60/40 portfolio? This means that 60% of your investment money goes into stocks, and 40% goes into bonds. This is fast changing in today's world of high-interest rates, and the bond market is increasingly becoming hard. But how about a bond alternative? In this episode of the Secure Your Retirement podcast, we talk about the changing world of bonds and the importance of bond alternatives. Listen in to learn why a bond alternative is supposed to provide the same goal as a bond, which is to lower risk and provide income. In this episode, find out: ●     The 60/40 portfolio and how it protects you from stock market volatility. ●     How the high-interest rates are affecting the bond market negatively. ●     A bond alternative is supposed to fulfill the same goal the bond was going to fulfill. ●     Why fixed index annuities provide an excellent bond alternative. ●     How we come up with a long-term bond alternative plan that's safe, reliable, and not volatile. ●     Bonds are not evil, but it's important you think about bond alternatives. Tweetable Quotes: ●     “When interest rates go up, that affects bonds negatively.”- Radon Stancil ●     “Everything about investing is purely about how you understand it, perceive it, and what your expectations are.”- 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 are your burning questions about your retirement planning and the market volatility of 2022? We're experiencing a high inflation rate in 2022 as we try to recover from the 2020 pandemic damage and other factors. How does this situation affect your retirement portfolio? What should you do or not do? In this episode of the Secure Your Retirement podcast, we answer 3 questions on investing in 2022. Listen in to learn why there's a time to be invested and a time to be on the sidelines during market volatility periods like 2022. In this episode, find out: ●     Why the current inflation rate shouldn't affect your long-term retirement plan. ●     Why your retirement plan needs to be actively managed and run on average inflation rates. ●     A retirement plan shouldn't change due to a good or bad inflation year. ●     Why market volatility shouldn't be a reason to get your investment out of the market. ●     No demand and too much supply should encourage you to get your investment out of the market. ●     Get a professional to help you figure out when to get in or out of the market. ●     Why you have to be very careful when looking into bond investments right now. ●     How bond alternatives give your investment safety but limited liquidity. Tweetable Quotes: ●     “We shouldn't change the whole plan over a bad or good year when it comes to inflation.”- Radon Stancil ●     “As interest rates go up, it's going to impact bonds negatively and we're seeing that right now.”- 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.)

Have you thought of having a risk-adjusted portfolio? A good risk-adjusted portfolio protects you from a significant market risk like a sudden pandemic. There are traditional ways of adjusting a portfolio to risk, but even those don't work sometimes. If you want to adopt a risk-adjusted portfolio, do the research, think of what works best for you, and then have a conversation with your financial advisor. In this episode of the Secure Your Retirement podcast, we talk about a risk-adjusted portfolio and why it's better to do it with the supply and demand method instead of asset allocation. Listen in to learn how to adjust your portfolio risk using the bond alternative. In this episode, find out: ●     The factors that determine an individual risk-adjusted portfolio. ●     Understanding asset allocation and why the typical methods of it can be risky too. ●     Understanding the year-to-date and max drawdown returns. ●     How to do a risk-adjusted portfolio with supply and demand instead of asset allocation. ●     Safe growth – transferring of a down in the market over to the insurance company. ●     How to adjust your portfolio risk using the bond alternative. Tweetable Quotes: ●     “As a person gets closer to and gets into retirement; risks can change.”- Radon Stancil ●     “After being a wreck, you're the safest you could ever be.”- Radon Stancil ●     “Some are comfortable with the concept of just doing a 60/40 asset allocation, and some are not and we have to think a little bit differently.” - 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.)

If you want to start securing your retirement, then it is time to be aware of the types of retirement planning options available for you.  In this episode of the Secure Your Retirement podcast, we talk about retirement planning options and our strategy at POM over a glass of Brickyard Wine. We explain the three types of financial advisors and what they offer. Listen in to learn more about our comprehensive retirement planning strategy and why we believe it's beneficial. In this episode, find out: ●     The type of financial advisor that helps you as just an investment manager. ●     The type of financial advisor that helps you create a financial plan but not necessarily how to implement it. ●     The one-stop-shop financial advisor – creates and helps you implement a financial plan. ●     Our comprehensive retirement planning – investment strategy, income planning, taxes, and estate planning. ●     How we built a foundation to establish if retirement is possible while looking into the different scenarios that might occur. ●     How we developed relationships with CPAs to provide tax strategies to our clients. ●     Mur's on his experience working for POM for 10 years and the benefits of the continued growth. ●     How we continue to evolve through growth and putting out education. Tweetable Quotes: ●     “We have a structure to do all things in one particular place where a person doesn't have to go to multiple locations.”- Radon Stancil ●     “If you don't continue learning or adding services, then eventually you're going to be left behind.”- 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.)

Are you aware of the tax situation for 2022? Things have changed when it comes to tax as they do every year and 2022 is no exception. It is important to have information on what you can do and how you'll be impacted as you proceed to make your financial goals for 2022. In this episode of the Secure Your Retirement podcast, we talk about the 2022 tax changes to help guide you to better financial goals. We discuss ordinary tax, long-term capital gains, Medicare, social security, and some other things about tax that you need to know for 2022. In this episode, find out: ●     The expected changes on the ordinary tax situation according to your tax bracket. ●     A tiered tax system – understanding the adjusted gross income and how to calculate your effective tax rate. ●     Understanding why tax rates will go up in the near future as you plan and strategize. ●     The changes in standard deductions and how they will affect your income in 2022 as a single or married earner. ●     How your salary deferred retirement plans will be tax impacted.   ●     The capital gains tax changes and why it's advantageous to have a long-term capital gain plan. ●     Why social security is taxable, and to what degree of income it's taxable. ●     The expected increases on your Medicare Premium Part B in 2022. ●     How income outside of your social security will lead to a penalty or reduced benefits. ●     How you can contribute to a Roth IRA in 2022 and why you should. Tweetable Quotes: ●     “The long-term and short-term thing does not apply at all in the ordinary income tax.”- Radon Stancil ●     “There are limitations as to how much income you can make if you take social security early.”- 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.)

Are you wondering what you can do now at the beginning of this year to prevent you from scrambling at the end of it? Whether you're in the retirement or accumulation phase of your life, it is important that you have goals for the new year. Writing down your goals increases your chances of achieving them. In this episode of the Secure Your Retirement podcast, we talk about your 2022 financial goals to help you maintain an active retirement plan. We cover why topics on cash flow, emergency funds, taxes, and debt should be considered as part of your 2022 issues to look into. In this episode, find out: ●     Take a moment and write down the top 3-5 goals you have this year. ●     Consider how your goals will affect others even as you think of how they'll affect you. ●     Set attainable short-term goals not to overwhelm yourself. ●     Documenting your goals makes it easier to hold yourself accountable and accomplish them. ●     The things to think about to get your cash in order when you're in the accumulation phase. ●     The strategies to consider with your RMDs and QCDs as a way of managing your cash flow. ●     Reevaluate your emergency fund when it overgrows and invest in an earning account. ●     Review your risk tolerance and understand that you can become more or less risky at any moment. ●     Take advantage of the current low tax environment and look into mortgage refinancing. ●     Come up with a plan to attack any debt you have unless it's a mortgage. ●     Plan and be ready to file your taxes in April on the normal tax date. ●     Review your estate plan and ensure you have a power of attorney and healthcare power of attorney in place. Tweetable Quotes: ●     “Really understand what your risk tolerance is and realize that it can change, you can become riskier and you can become less risky.”- Radon Stancil ●     “You never want to miss an RMD; there's a significant penalty for missing an RMD, so if you're above age 72, think about your RMD.”- 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.)

Welcome back to the Scale Your Small Business Podcast with your host, Jillian Flodstrom. Joining us this week is Radon Stancil, CFP, a best-selling author and founder of Peace of Mind Wealth Management, a firm committed to helping individuals retire with excellence. As the Co-host of the ‘Secure Your Retirement' show his insights have been featured in Forbes and many others.    After being raised by an older father, working in a family-run heating and air-conditioning business, Radon went down the path of finances, going to school, and becoming and certified financial planner. Now, he helps people build a solid retirement plan.   The biggest fear Radon finds in his work with people is the fear of running out of money. It makes sense–for decades people do a good job of saving. They work, save, don't touch those accounts. And then, one day, they decided to retire. Suddenly that hard work that they put into building those accounts is not being drained. It is an emotional situation.   Investment strategy certainly dictates the quality of a person's retirement. Many people lived through a very volatile market, watching their investments rollercoaster as time went on. Radon works with a more sound strategy–one that will earn consistent returns without risk.    He believes in getting a financial planner as early as possible. That way, the person can start understanding saving and set goals for themselves. It's good to work with somebody who's a certified financial planner because they have a wide array of understanding of financial planning. It's important to work with a fiduciary, so you know they have your best interests as a priority.    If you are a solo, self-employed person and you don't have any employees, you can easily set up a solo 401(k). Charles Schwab will allow you to set up a solo 401(k). And that allows you to start putting away money that you can match yourself. It helps you out on your current taxes, as well as getting some money into savings. In a Roth IRA, everything you put in is going to now be able to grow potentially for decades, all tax-free. Whatever you put into a Roth, you can take back out with no penalty (up to a certain amount).    Getting a loan as a small business owner should only happen after you've had as much growth without one as possible, even if that means that your growth is a little bit slower than what you want. if you have to take that loan on, make sure you have a business plan that can pay it back in a short period of time. It should generally be going back into the business as an investment.    Checking in on your finances quarterly is crucial to keep tabs on how your money is doing. Radon's clients get a report from him in the form of a 10-minute video that makes sure they know what the market is doing every week.    Radon has a book named after his podcast, Secure Your Retirement.  It's a guide to help think through a lot of the questions you may ask. How should I be looking at my investments? How do I prepare for an income plan? What do I need to know about IRAs? What do I need to understand about the economy, just to look at the economy? How do I pick a financial advisor? LINKS   https://pomwealth.net/   Key Takeaways   Investment strategy certainly dictates the quality of a person's retirement.  Get a financial planner as early as possible. If you are a solo, self-employed person and you don't have any employees, you can easily set up a solo 401(k). Getting a loan as a small business owner should only happen after you've had as much growth without one as possible, even if that means that your growth is a little bit slower than what you want.

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.)

Scamming is increasingly becoming more creative and more sophisticated than ever before. How then do you stay informed and protected from any possible scam? Even as you actively plan your retirement, it is important you stay informed and protected from scammers/fraudsters that can cause major damage to your retirement investment. In this episode of the Secure Your Retirement podcast, we talk about scamming in 2021 and share 4 tips on how you can protect yourself from scammers. We also cover a few ways you can take action to ensure you're back to safety if a scam/fraud happens to you. In this episode, find out: ·      How scamming is getting creative and using names of big companies that you think you can trust. ·      Understand that the IRS will never call you, only write you. ·      Statistics on scam incidents in 2020/21 and the impact it has had. ·      How the pandemic opened more creative ways to get scammed. ·      Never click on a link in an email or text unless you're expecting it. ·      Access your account through the business's website or call them first before responding to a suspicious email. ·      Stop and take a minute if you get a call asking for financial information. ·      Have your credit cards and online transactions monitored for fraud alerts. ·      Immediately close or put a hold on your bank accounts from retailers you use. ·      Notify all three credit reporting agencies and put a freeze on your credit. ·      Change your password on all your accounts to stop the scammers. ·      Be vigilant and use your past scamming incidents as a lesson to move forward better. ·      Contact the authorities to get to the bottom of the issue. Tweetable Quotes: ·      “One of the reasons scammers are being so successful is that people are ashamed they're actually being scammed.”- Radon Stancil ·      “Unfortunately, this is the world that we live in, the scammers are getting very creative, and it happens every single day.”- 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.)

Have you ever been concerned about identity theft or being a fraud victim? In today's cyberworld, identity theft and fraud have become more sophisticated than ever before.  It is important that you stay aware and protected to avoid being on the receiving end of these cybercrimes.  In this episode of the Secure Your Retirement podcast, we share a checklist that we created about how to protect yourself against identity theft and fraud. We cover why you should always be suspicious when it comes to emails and calls you receive related to your financial information.  In this episode, find out: Consider tweaking your passwords to look different on different sites and even get a password manager.  Check if two-factor authentication is available when logging in, especially into financial sites. Consider differentiating your passwords' themes on different sites.  Be careful when sharing your password.  Get updated software and antiviruses on your computer. Be careful about clicking on unsolicited emails and attachments that come with them. Be careful about the information you put on social media.   Be wary of seemingly family or friends' emails that they wouldn't normally send you.  The steps to take to protect yourself if a related company gets hacked. Some huge red flag calls to avoid interacting with.   Tweetable Quotes: “Where the risk is you making a mistake and allowing somebody to get to that data.”- Radon Stancil  “Emails are getting hacked all the time and they use that as a way to get in touch with the address book that's within that email, so be very careful about someone you think you know may not be that someone you think you know.”- 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.)

How to Easily Use Podcasting to Grow Your Business Have you been thinking of branching into podcasting as a way to grow your business? Podcasting when done right, is an easy way to grow your business and add value to your clients.  In this episode of the Content Creator podcast, we have Radon Stancil, the owner of Peace of Mind Wealth Management and the host of the Secure Your Retirement podcast. He has found podcasting as a huge way that adds value to his business and his clients. Listen in to learn how you can use social media marketing to put your podcast out there without having to do all the work.  In this episode find out: Why Radon started doing podcasting and the value it has added to his business. The strategy they used to ensure they had valuable content that answered their clients' questions. Don't waste time trying to learn all the podcasting production stuff and instead delegate those tasks. All the elements that make podcasting successful through content repurposing.  Quotes: “Don't try to figure out how to do all the editing, posting, and all that kind of stuff because that just eats away from what you actually make money at.”- Radon Stancil  “If you want everything to look good with your podcast, you need to have somebody who knows what they're doing.”- Radon Stancil

What does it look like to leave an industry you know and join the world of entrepreneurship? Radon Stancil of Peace of Mind Wealth joins the podcast to share his own entrepreneurial journey, including why finding the *right* clients has been so crucial for the success of his business.  Find out more at POMWealth.net and be sure to check out the "Securing Your Retirement" Podcast.  Enjoy this episode and want to support the podcast? Check out our Patreon at Patreon.com/GoodAdvice.

In this episode of Life Lessons, Gin and Sheri talk with Radon Stancil. Radon is a Certified Financial Planner and the founder of Peace of Mind Wealth Management, and he shares strategies that will help listeners prepare for retirement and have financial peace of mind. His goal is to help people feel better prepared so they can focus on things other than money during retirement. Resources used for today's podcast can be found here: www.pomwealth.net radon@pomwealth.net Today's podcast was made possible through our affiliation with the following companies. When you shop with us, you help us bring you further Life Lessons. Beautycounter: http://beautycounter.com/sheribullock The Girlfriend Doctor: https://drannacabeca.com/?rfsn=5645452.cf899a5 You can also visit https://www.lifelessonscommunity.com/shop-with-us.html and shop with us at any time. Or you can make a donation directly through paypal.com using our email address: connect@lifelessonscommunity.com. Do you have a good news story, a listener-led lesson, or special quote to share? Email us at connect@lifelessonscommunity.com and listen each week to see if we share your submission. Join our Facebook community! Go to https://www.facebook.com/groups/LifeLessonsWithGinAndSheri and become a member today. You'll be glad you did. Thank you for listening!See omnystudio.com/listener for privacy information.

In this episode of Life Lessons, Gin and Sheri talk with Radon Stancil. Radon is a Certified Financial Planner and the founder of Peace of Mind Wealth Management, and he shares strategies that will help listeners prepare for retirement and have financial peace of mind. His goal is to help people feel better prepared so they can focus on things other than money during retirement. Resources used for today's podcast can be found here: www.pomwealth.net radon@pomwealth.net Today's podcast was made possible through our affiliation with the following companies. When you shop with us, you help us bring you further Life Lessons. Beautycounter: http://beautycounter.com/sheribullock The Girlfriend Doctor: https://drannacabeca.com/?rfsn=5645452.cf899a5 You can also visit https://www.lifelessonscommunity.com/shop-with-us.html and shop with us at any time. Or you can make a donation directly through paypal.com using our email address: connect@lifelessonscommunity.com. Do you have a good news story, a listener-led lesson, or special quote to share? Email us at connect@lifelessonscommunity.com and listen each week to see if we share your submission. Join our Facebook community! Go to https://www.facebook.com/groups/LifeLessonsWithGinAndSheri and become a member today. You'll be glad you did. Thank you for listening!

Weighing supply versus demand allows savvy investors to protect themselves from risk. In this Expert Insight Interview, we welcome Radon Stancil, finance and investment expert and author of Secure Your Retirement.

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.

Radon Stancil, CFP is a best-selling author and The Founder of Peace of Mind Wealth Management, a firm committed to helping individuals retire with excellence. As the Co-host of the ‘Secure Your Retirement' show his insights have been featured in Forbes, Newsweek, Fox, ABC, NBC, and the Wall St Journal. With over 25 years of experience, Radon is an award-winning advisor who is highly sought after to work with executives, business owners, engineers, pharmaceutical professionals and more.  

The pandemic has significantly slowed down and things are changing. What questions relating to your retirement planning do you have? In this episode Secure Your Retirement, we tackle some questions on the changes that might occur in the future during our Wine Down. We cover questions on potential tax changes, Roth conversion, planning for a market correction, and inflation. Listen in to understand why you need a plan and don't need to necessarily rush before any concrete changes happen. In this episode, find out: ·      The potential change in capital gains tax and its impact on you according to your income. ·      An increase in the tax rate on high-income earners. ·      Conversations on significantly lowering estate tax from the current $10 million. ·      Talks on adjusting co-spaces where beneficiaries have to pay taxes on the value increase of a property. ·      Why you should always look into Roth conversion, especially if you're close to retirement. ·      Understanding how to convert or contribute money into a Roth account and its advantages. ·      Why you should have a plan in place for the pre-determined market correction. ·      How to strategize and shift into assets that will do good in inflation. Tweetable Quotes: ·      “These are potentials, do not act on those potentials yet, let's wait and see what they are.”- Radon Stancil ·      “If you make a lot of money, then you may not have the ability to contribute to a Roth account.”- 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.

As I say each week, if you haven't listened to last week's interview, stop here and go back to listen now. I was talking with Radon Stancil, a financial planner who focuses on preparing people for retirement. Radon believes that financial planning needs to be both financial and intellectual, so his firm, Peace of Mind Wealth Management, focuses on 3 key concepts – your financial needs, your legacy and your lifestyle – because they all play a role in how your retirement works out for you. I think Radon and his team have the right idea. Their goal is to help you make the plan and get into the right mindset to be retired. And that's what this show is all about, isn't it! It's important to pick something that you want to do in retirement. I've talked about this before. It needs to be something that you really enjoy, so you look forward to doing it. It's a passion project, ultimately, so it doesn't matter if it makes money or not. It can truly be anything, as Radon suggests, like baking or scuba diving. You just have to find something to look forward to. The other big point that Radon makes is that there are stages to retirement and you have to plan for each of them, so you know how much money you'll need to have set aside. For example, the first year or so after retirement will probably be quite busy as you run around making sure all the proper arrangements have been made and things are all in place. Then the next 2-4 years are the “fun” years, where you might have grandchildren to spend time with, maybe you're going to be travelling, that sort of thing. Basically, you're doing all the things that you thought retirement would allow you to do. Then along about year 5 and continuing on from there, things start to settle down a bit. You've got the hang of it – this retirement thing is a piece of cake, a walk in the park (maybe quite literally). Maybe you'll start getting involved in your community or in a local charity, or maybe you'll decide it's time to offer to share some of your wisdom and experience with others, setting up a consultant practice or something like that. One of the most important things, in my opinion, that Radon mentioned is the exercise of writing down the IDEAS you have for your future. Not the full-blown plans, but the general concepts of what your future is going to look like. You know me – any chance I get, I'm telling you to “make a list”! By writing down the ideas you have about what you'll do in retirement, you give your brain something to focus on. It's not going to be anything concrete, but the plan is to get things started. Because each of us has different ideas about what lies beyond retirement, I'm not going to make any suggestions here – I don't want to mess up your plans by throwing in other thoughts that aren't really yours. Just remember – at the start, write down all the things you think of. Don't censor the list when you're starting to come up with ideas and activities. You can always scratch something off the list later, when the plan starts to come together. For now it's just brainstorming. And this is a list that you should probably keep with you because you never know when something in your daily life will trigger the feeling that you'd like to pursue that thing further...so you add it to the list. It's like a dream board or vision board for your future life. I'm going to call it a day here and sign off with a reminder to be sure to tune in next Sunday for my interview with Eric Brotman. He's going to share his own point of view on retirement and preparation for it. Now go start that activity list!

What should you have on your retirement planning team? We believe that your retirement planning should be a team environment to give you that peace of mind that you want. A financial plan is crucial for your retirement plan, but in addition, there are other things that you need to be in place.  In this episode of the Secure Your Retirement podcast, we cover why you need to have a team approach when it comes to your retirement planning. We also cover the difference between a holistic financial advisor and a money manager, plus what goes beyond your retirement financial plan.  In this episode, find out: Understanding how it's like delegating your retirement plan to advisors (money managers).  The difference between a ‘money manager' advisor and a holistic financial advisor. The importance of having a retirement financial plan. Why you should have a tax advisor plus how we handle that aspect. The importance of estate planning for your beneficiaries and how we handle it.  How we handle social security for our clients.  Tweetable Quotes: “Whether you're working with a money manager or a holistic approach type of financial advisor, there are pros and cons to everything.”- Murs Tariq “The foundation of the financial side is having a comprehensive retirement financial plan.”- 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.

Do you need life insurance in retirement or not? What type of life insurance would best suit you? Whatever your stance is regarding whether or not you need life insurance, this episode will help you understand even more. There are different types of insurance and each one is meant to serve different purposes in your retirement plan.  In this episode of the Secure Your Retirement podcast, we cover three types of life insurance; term, whole life, and universal, and the benefits of each. We break down universal life into variable and index and explain how to calculate interest for each.  In this episode, find out: The three types of life insurance. Understanding term life insurance and the reasons why you may consider it The whole life or universal life insurance and why it's no longer popular  How to do legacy planning with whole life or universal life How to create a cash value policy with whole life or universal life The difference between whole life and a universal life insurance  How to calculate a variable and index universal life insurance Understanding how index annuity in life insurance looks like and why you should consider it  Tweetable Quotes: “When you're buying term insurance, it is for a period of time, so you need to think what that risk is that you want to cover.”- Murs Tariq “You can get a higher amount of money from your pension if you take the pension just based on your individual life.” - 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.

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 thought of how you can have a successful retirement plan? We usually talk about how to secure your retirement but how do you do that successfully? There are four components of having a successful retirement plan with the foundational one being a good financial plan. You want to have peace of mind at the end of the day knowing that your future is not only secured, but also successfully so. In this episode of the Secure Your Retirement podcast, we cover the four components of a successful retirement plan. We also cover the importance of having goals and how to build a retirement plan that meets those goals.  In this episode, find out: The four components of having a successful retirement plan. Having a good retirement financial plan as the foundation of a successful retirement plan. How to have and understand goals and have a plan that meets those goals. Keep all your accumulated assets in one place and see how they'll work for you in retirement.  How to structure your income in three parts that will work for you. How to holistically view when you should take your social security. Think of the what-ifs and how to plan them beforehand.  The importance of having a risk-managed portfolio. Why you need a good tax strategy when it comes to assets.  How to approach estate planning for your beneficiaries.  Tweetable Quotes: “A good investment strategy with risk management is extremely important.”- Radon Stancil   “You've got to understand individual goals to create a plan that's going to meet those goals.”- Murs Tariq Resources: If you want more information about preparing your finances for the future or retirement, check out our complimentary Master Class, ‘https://hjrzh9zk.pages.infusionsoft.net/ (3 Steps to Secure Your Retirement'.)  In this class, we teach you the steps you need to take to secure your dream retirement. Get the complimentary Master Classhttps://hjrzh9zk.pages.infusionsoft.net/ ( here.) 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.

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?Find Radon on his Website and on social media: Facebook, Instagram, YouTubeGo to Radon's Podcast and find helpful and valuable Free Resources and check out his Masterclass 4 Steps to Secure Your RetirementLearn 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?Find Radon on his Website and on social media: Facebook, Instagram, YouTubeGo to Radon's Podcast and find helpful and valuable Free Resources and check out his Masterclass 4 Steps to Secure Your RetirementLearn 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

Norm Blumenthal attorney for workers and consumers. He is also one of the show's regular contributor.  Radon Stancil Certified Financial Planner  Lee Milteer  Intuitive Business Coach, Best Selling Author, Award winning Professional Speaker, and TV Personality. Lee has created and hosted educational programs airing on PBS, ABC, NBC and CBS and other cable networks throughout the U.S. and Canada. Lee has written 11 books and over 100 Educational programs. As president of Lee Milteer, Inc., Career Development Strategists, she has counseled and trained over a million people in her speeches.She is not only a successful business woman she is also a talented artist, writer, photographer and painter   Mike Denison  human performance expert and executive coach, working with individuals and organisations to help them achieve greater levels of performance, productivity and personal effectiveness. Mike specialises in ROI projects and management development programs for large fortune 500 corporates, with the aim of changing the management thinking that limits people and holds organisations back from greatness.