Podcasts about retirement decisions

Eric Kearney and Joseph Lanza discuss essential strategies for wealth preservation and financial planning. They explore the mindsets of wealthy individuals, emphasizing the importance of discipline, continuous improvement, and having a comprehensive financial plan. Key topics include diversification, maintaining a cash reserve, tax strategies, estate planning, and the role of life insurance in wealth transfer. The conversation highlights the need for individuals to work with a qualified financial advisor to navigate these complexities and secure their financial future. Call Eric Kearney 800-779-1942 Visit Retirement Wealth LLC to learn more. Text Eric to 600700.See omnystudio.com/listener for privacy information.

Preparing for retirement is a journey that takes planning and time with a multitude of decisions to make. Some, like how much cash flow you'll need each month, are pretty evident. Others are less so. These are the misunderstood and overlooked decisions you didn't even consider. In this episode, we share some of those spooky retirement decisions that hide like monsters under your bed, ready to scare you when least expected.

Are you 57 and dreaming of retirement? In today's episode of Retiring Today with Loren Merkle, we give actionable steps to put yourself in a better position to plan for a successful retirement journey. - The challenges and opportunities of retiring at age 57 - What holds people back from serious retirement planning - Understanding and creating a recession-resistant portfolio - How to optimize your investments and reduce hidden fees - The importance of an intentional income plan for retirement Join us as we break down the essential steps to get retirement-ready! Learn more about how you can prepare for retirement by downloading the complimentary Retire Your Way Toolkit - https://bit.ly/4eoP4FU Register for our next Journey to Retirement Online Workshop to learn more about building a comprehensive retirement plan. - https://bit.ly/4aeNR1B In today's show: Loren Merkle, CERTIFIED FINANCIAL PLANNER™, RETIREMENT INCOME CERTIFIED PROFESSIONAL®, CERTIFIED FINANCIAL FIDUCIARY® https://merkleretirementplanning.com/staff-members/loren-merkle/ Chawn Honkomp, CERTIFIED FINANCIAL PLANNER™, RETIREMENT INCOME CERTIFIED PROFESSIONAL®, CERTIFIED FINANCIAL FIDUCIARY®, CPA® https://merkleretirementplanning.com/staff-members/chawn-honkomp/ Molly Nelson, Host of Retiring Today https://merkleretirementplanning.com/staff-members/molly-nelson/ -- This video does not constitute an offer to sell, a solicitation of an offer to buy, or a recommendation of any security or any other product or service by Merkle Retirement Planning LLC, Elite Retirement Planning LLC, MRP Insurance LLC, or any other third party regardless of whether such security, product or service is referenced in this episode. Furthermore, nothing in this episode is intended to provide tax, legal, or investment advice and nothing in this episode should be construed as a recommendation to buy, sell, or hold any investment or security or to engage in any investment strategy or transaction. Merkle Retirement Planning, LLC does not represent that the securities, products, or services discussed in this episode are suitable for any particular investor. You are solely responsible for determining whether any investment, investment strategy, security or related transaction is appropriate for you based on your personal investment objectives, financial circumstances and risk tolerance. You should consult your business advisor, attorney, or tax and accounting advisor regarding your specific business, legal or tax situation.

On this week's show: Inflation is down to it's lowest level in 3 years and the Fed is cutting interest rates. But can we avoid recession and how does this all affect you and your retirement? James Brown once gave Eddie Murphy some interesting financial advice.  The Social Security Dilemma: What goes into making the right decision on when to claim your benefits? Avoiding the 401k Withdrawal Trap Like this episode?  Hit that Follow button and never miss an episode!

1. Divide and Conquer: Luke and Tony discuss the importance of dividing responsibilities between spouses, especially when approaching retirement. This strategy can help couples manage their tasks more efficiently and reduce stress.2. Maximizing Retirement Contributions: The hosts emphasize the significance of contributing to both spouses' IRAs or 401(k)s, even if one spouse is not working. This approach can help save on taxes and increase the amount of money saved for retirement.3. Enjoying Retirement: Luke shares anecdotes about clients who are financially secure but still hesitate to spend money on enjoyable experiences. The hosts encourage retirees to enjoy the wealth they've accumulated and not be afraid to spend money on things that bring them happiness.4. The Role of a Financial Advisor: Tony and Luke discuss the importance of having a trusted financial advisor who acts as a "financial doctor" or "CFO." They emphasize that a good advisor should provide strategies for taxes, income, and investments while allowing clients to focus on enjoying their retirement.5. Building a Trusted Relationship: The hosts stress the significance of working with a financial advisor that both spouses trust and like. They highlight that a strong relationship with an advisor can help couples navigate the ups and downs of the market and make better financial decisions together.

Our recent episode on 5 crucial retirement decisions you will have to make was so popular that we decided to follow it up with 5 more crucial retirement decisions. In this episode, we discuss retirement decisions ranging from tax minimization and Medicare to recovering from the loss of a loved one and how you'll spend your time. 

Philippe AghionCollège de FranceÉconomie des institutions, de l'innovation et de la croissanceAnnée 2023-2024Colloque - Conference on the Economics of Innovation in Memory of Zvi Griliches : How Technological Innovation Affects Retirement DecisionsColloque en anglais organisé par Philippe Aghion, Lee Branstetter et Adam Jaffe.Intervenant(s)John Bound, "How Technological Innovation Affects Retirement Decisions "(Co-authors: J. Bound, C. Fang)Discussant: Kathy Shaw

Before and during retirement, there are massive decisions you will have to make and many of these can only be made one time. Unfortunately, the consequences of getting them wrong range from minor to catastrophic. In this episode, we discuss five crucial decisions you will have to make that will dictate the direction for your lifestyle and healthcare in retirement.

Kathe Kline invites special guests Barbara Mock and Marni Jameson to unwrap the art of living simply and meaningfully as we progress through the various stages of retirement. Marni's newest book, Rightsize Today, is a must read for anyone considering changing homes, changing locations, or rethinking how to live in their current home.

For retirees who prioritize stability, the availability of safe, stable cash flows from bonds argues for a more conservative portfolio positioning. Today's Stocks & Topics: TTD - Trade Desk Inc. Cl A, SD - SandRidge Energy Inc., BX - Blackstone Inc., LXU - LSB Industries Inc, PCG - PG&E Corp., SMLR - Semler Scientific Inc., Gold.Our Sponsors:* Check out Rosetta Stone and use my code TODAY for a great deal: https://www.rosettastone.com/Advertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

Frank defines the core task of AI work and applies it to a major decision he and his wife must make. Using Data Types and Scales for Analysis and Decision Making (PDF): https://drive.google.com/file/d/1zUzMkhMpNFAdtyHuxGu3Tawa1ICruJh4/view?usp=sharing Website: https://www.aileaders.com/ Apple: https://podcasts.apple.com/us/podcast/the-ai4leaders-podcast/id1669626971 Spotify: https://open.spotify.com/show/3ElTn6Xat6uQmoH0NS6Y5U?si=05780c4f7632461f Facebook: https://www.facebook.com/profile.php?id=100090485471268 Instagram: https://www.instagram.com/aileadersllc/ Twitter: https://twitter.com/aiLeadersLLC Book: https://www.amazon.com/Winning-National-Security-Competition-Government/dp/1484288130/ref=sr_1_1?crid=2F3EZPPHECRAU&keywords=winning+the+national+security+ai+competition&qid=1697657827&sprefix=winning+the+national+%2Caps%2C111&sr=8-1

Jeff Kowal discusses myths about money in retirement, Aaron Spitzner shares financial scams to be aware of, Jeff touches on problems with do it yourself planning, examines utilizing net unrealized appreciation, and discusses who would decline an inheritance and why.

Is there ever a right time to stop contributing to your 401k? Should you help your daughter and her boyfriend with their home purchase? What about deciding to retire at the peak of your earnings? Tune into this episode of Caffeine and Cash Flow where we tackle these questions and more.   In this episode, we'll discuss: The issues that can arise when helping your daughter buy a home with her boyfriend. With the possibility of a recession on the horizon, does it make sense to hold off on investing for a while? Is it worth keeping a mortgage for the tax deductions in retirement? How can you know if a financial advisor is legitimate or not? Will you regret walking away from a career with a great paycheck to retire a little earlier?   Learn more: https://caffeinecashflow.com/ Contact Michael:  https://www.westpacwealth.com/team/michael-schulte michael.schulte@westpacwealth.com 702-767-4897  

There are decisions we will all make before retirement about Social Security, 401(k)s, pensions, replacing your paycheck and more. Today we look at what you need to consider in each of these decisions.

Airdate: 5/14/2023: Join David Bezar, Karen Bezar, and Bret Elam on the Roadmap to Retirement Radio Show as they educate and empower individuals on retirement planning. Don't miss this week's topics: Achieving financial empowerment for women and understanding Social Security benefits. #RetirementPlanning #FinancialEmpowerment #SocialSecurity

This week's theme on the Retirement Quick Tips Podcast is: Retire…Never? Today, I'm talking about how the pandemic has altered many retirement decisions - in 2 very opposite directions. Retiring early - 1 million extra people retired each year of the pandemic from 2020-2022, so there was a huge boom of people retiring earlier than expected. Reasons - Financially possible, fears about getting sick or dying of Covid if they kept working. Many viewed the risks outweigh the rewards of continuing to work and called it quits.  But for many Americans close to retirement, the pandemic has had the opposite effect, especially for people with jobs that allow for remote work.  Many older Americans are still very much in demand, with the tightest labor market in decades. Many people have the opportunity to be part time or full time remote. I have a client who used to have an hour each way to commute to his job. Then covid hit and he's been fully remote for 3 years now, and has no plans to retire until they tell him he needs to come back to the office.  He may never need to, and ditching his commute while simultaneously having more flexibility to travel and take time off because of his remote work setup, shifts how he thinks about continuing to work.  It's much more sustainable for Americans now who maybe enjoyed their work, but didn't enjoy their commute.  That's it for today. Thanks for listening! My name is Ashley Micciche and this is the Retirement Quick Tips podcast.     ---------- >>> Subscribe on Apple Podcasts: httpstr://apple.co/2DI2LSP >>> Subscribe on Amazon Alexa: https://amzn.to/2xRKrCs >>> Visit the podcast page: https://truenorthra.com/podcast/  ---------- Tags: retirement, investing, money, finance, financial planning, retirement planning, saving money, personal finance

From 'The Skate Podcast' (subscribe here): What the Bruins said on breakup day after the dust has settled on their Round 1 loss to the Panthers. The chances of bringing back Bruins' trade-deadline acquisitions Bertuzzi, Orlov and Hathaway. The timeline on Bergeron and Krejci making their decisions to retire. To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices

Ep 194, pt 1: What the Bruins said on breakup day after the dust has settled on their Round 1 loss to the Panthers. The chances of bringing back Bruins' trade-deadline acquisitions Bertuzzi, Orlov and Hathaway. The timeline on Bergeron and Krejci making their decisions to retire. To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices

There are countless important questions you should answer when planning for your retirement. Questions about cashflow, taxes, asset allocation, Social Security, and Medicare to name just a few. Today, John Walker, Regional Vice President, Mercer Advisors, is joined by Mercer Advisors' Financial Planner Ryan Flurer. They preview some of the issues you may face and discuss strategies you may want to consider. Listening Time: 19 minutes Mercer-Cordasco Disclosure Information Visit Our Website Join Our Email List Additional Mercer Advisors Disclosure Cordasco Financial Network is a tradename. All services provided by Cordasco Financial Network investment professionals are provided in their individual capacities as investment adviser representatives of Mercer Global Advisors Inc. (“Mercer Advisors”), an SEC-registered investment adviser principally located in Denver, Colorado, with various branch offices throughout the United States doing business under different tradenames, including Cordasco Financial Network. Mercer Advisors is not a law firm and does not provide legal advice to clients. All estate planning document preparation and other legal advice are provided through Advanced Services Law Group, Inc.

Bill spends the final hour of the show talking about Rodgers' playoff history, the 2023 Packers, the love and hatred people have for Rodgers right now, what goes into retirement decisions, what we missed from the day and moreSee omnystudio.com/listener for privacy information.

This is The Retirement Ready Show hosted by Tony Drake, CPR® with Drake and Associates. Our goal is to educate you on the many topics of retirement and inform you how to create a successful Retirement Ready Roadmap. Thank you for joining us for another episode where we will make your Retirement Ready Roadmap simple. Schedule your complementary consultation today. https://go.oncehub.com/scheduleacomplimentaryconsultation

Kelley goes over what should be considered when nearing retirement such as taking advantage of catch-up contributions, looking at your investment strategies, and making decisions about your Social Security.  The discussion then moves into fortifying your portfolio and your retirement plan during times of market volatility and five mistakes to steer clear of when considering your retirement plan. You can reach Kelley Slaught by calling 800-810-8060. California Wealth Advisors See omnystudio.com/listener for privacy information.

Ben goes over what should be considered when nearing retirement such as taking advantage of catch-up contributions, looking at your investment strategies, and making decisions about your Social Security. The discussion then moves into fortifying your portfolio and your retirement plan during times of market volatility and five mistakes to steer clear of when considering your retirement plan. You can reach Ben Heizer by calling 800-491-9401. Heizer Financial GroupSee omnystudio.com/listener for privacy information.

Ed goes over what should be considered when nearing retirement such as taking advantage of catch-up contributions, looking at your investment strategies, and making decisions about your Social Security.  The discussion then moves into fortifying your portfolio and your retirement plan during times of market volatility and five mistakes to steer clear of when considering your retirement plan. You can reach Ed Storer and the team by calling 800-563-7030. The Wealth Training Academy See omnystudio.com/listener for privacy information.

Marty goes over what should be considered when nearing retirement such as taking advantage of catch-up contributions, looking at your investment strategies, and making decisions about your Social Security.  The discussion then moves into fortifying your portfolio and your retirement plan during times of market volatility and five mistakes to steer clear of when considering your retirement plan. You can reach Marty Nevel by calling 888-519-9096. See omnystudio.com/listener for privacy information.

For full show notes visit: https://sfgway.com/232 Subscribe and click the bell on Youtube and Facebook to become notified when Paul and Cory go live next. This Material is Intended for General Public Use. By providing this material, we are not undertaking to provide investment advice for any specific individual or situation, or to otherwise act in a fiduciary capacity. Please contact one of our financial professionals for guidance and information specific to your individual situation. Sound Financial Inc. dba Sound Financial Group is a registered investment adviser.  Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies.  Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance. Insurance products and services are offered and sold through Sound Financial Inc. dba Sound Financial Group and individually licensed and appointed agents in all appropriate jurisdictions. This podcast is meant for general informational purposes and is not to be construed as tax, legal, or investment advice. You should consult a financial professional regarding your individual situation. Guest speakers are not affiliated with Sound Financial Inc. dba Sound Financial Group unless otherwise stated, and their opinions are their own. Opinions, estimates, forecasts, and statements of financial market trends are based on current market conditions and are subject to change without notice. Past performance is not a guarantee of future results. Each week, the Your Business Your Wealth podcast helps you Design and Build a Good Life. No one has a Good Life by default, only by design. Visit us here for more details: yourbusinessyourwealth.com 2021 Sound Financial Inc. yourbusinessyourwealth.com Podcast Produced by Greater North Productions LLC

On this episode, Frank and Frankie discuss topics such as why you should and should not keep working at retirement age and how to improve your retirement portfolio through the use of ROTH IRA's.  Also, you have three tricky retirement decisions that affect your future.

Today we're talking about media hype and how it can lead people to make bad financial decisions that could cause problems with or ruin their retirement. Find out if you have fallen for any of this hype.   What we discuss:  3:00 – Bitcoin 3:59 – Rhode Island couple 9:40 – Questionable Internet scheme 11:40 – Buying gold 14:20 – Investing in crypto 16:15 – Required minimum distributions   Resources:  https://leedaily.com/2021/12/05/a-couple-stored-ira-gold-at-home-they-owe-the-irs-more-than-300000/ https://www.irahelp.com/slottreport/proceed-caution-when-investing-your-ira-gold   Get additional financial information: https://doncashpodcast.com/episodes/

The biggest financial threat to your wealth is not the market; it is your brain. Human behavior surrounding money varies greatly and can be fascinating to study. Allison Berger has had the opportunity to study financial behavior over the past year as she studied to become a Certified Financial Transitionist. On this episode of Financial Symmetry, Allison shares her insight from this coursework and from a book related to the course called Wired for Wealth by Brad Klontz. When you listen you'll learn what a money script is and how it can impact your financial wellbeing, and you'll also learn 5 steps you can take to help you improve your money mindset.  What is a money script? Markets go up and down but one fact holds true: the money scripts you play in your head will determine your financial well-being. The things we do surrounding money are defined by the money scripts we learned in childhood. Money scripts come from the explicit or implicit messages we received about money as children as we were trying to make sense of the world. Usually, these ideas are partial truths based on our parents' teachings and actions around money. We have internalized these money scripts and unconsciously follow them as adults as the logical response to what we saw as children.  Here are common examples of money scripts: money doesn't grow on trees, money can't buy happiness, rich people are shallow, money is the root of all evil.  Money scripts can keep you poor Your money scripts can become roadblocks in your thinking about money, so it is important to think about how they may be affecting your life. At their worst, money scripts can contribute to financial disorders like financial infidelity, compulsive buying, pathological gambling, compulsive hoarding, financial dependence, and financial enabling.  These are examples of money scripts that will keep you poor: your self-worth equals your net worth, it's ok to keep financial secrets from your partner, if you are good your financial needs will be taken care of.  These negative money scripts can be linked with overspending, compulsive shopping, or workaholism. As people edge closer to retirement the more they tend to stick with the money scripts that have led them through life. However, retirees may need to embrace new ideas to be able to reach their financial goals. If you are struggling with your money mindset, try reaching out to an objective third party for help.  Money scripts may keep you poor in spirit  Money should be saved, not spent. You can never have enough financial security. Money that I did not earn is not really mine to spend. These are a few examples of money scripts that can cause people to underspend. Scripts like these can lead to hoarding wealth and workaholism.  A financial plan can help you break free from your money scripts. Without a financial plan in place, you don't know how much you can safely spend. A financial plan will ensure that you look at the details and the reality of your spending situation. You want to make the most of your money and your life especially as you transition into retirement. 5 Steps to change your money mindset  You can change your mindset surrounding money and the book recommends 5 steps to overcome your limiting financial beliefs.  Face your fear. Accept that you have beliefs about money that are not currently serving you. Identify your present reality to see how your money scripts have contributed to your financial situation.  Visit your past. Ask yourself these questions to help you dig a bit deeper into your money scripts to discover where they stem from. What was your first money memory? What is a positive money memory? What money experience was painful to you? Understand your present. What is your current financial situation? What is your current reality? Explore your financial situation deeply to understand it fully. Envision your future. What does your future hold? What would you want your life to look like if you had 30 days to live? What are your goals? Transform your life. Redefine your priorities and your core values. In light of these changes, what are your new financial goals? What lifestyle or behavioral changes are necessary to take action?  These are not quick, easy steps to take. They require a bit of soul searching to get to the heart of your issues with money. However, if you find yourself with a money mindset that is not serving your goals you'll want to do what you can to solve your problems.  If you think that you may need help changing your money mindset, reach out to us to see if we can help you. Head over to FinancialSymmetry.com and click talk to an advisor.  Outline of This Episode [3:30] What is a money script [7:01] How can you move away from your money script [10:42] The money scripts that keep you poor [14:22] The money scripts that promote wealth accumulation [17:15] How to change your money mindset [22:15] The progress principle Resources & People Mentioned BOOK - Wired for Wealth by Brad Klontz Connect With Chad and Mike https://www.financialsymmetry.com/podcast-archive/  Connect on Twitter @csmithraleigh @TeamFSINC Follow Financial Symmetry on Facebook Subscribe To This Podcast Apple Podcasts  Stitcher  Google Play

Jeremy Jacobson of Go Curry Cracker discusses the cost of working one more year Episode 1755: The Cost of Working One More Year by Jeremy Jacobson of Go Curry Cracker on Early Retirement Decisions Winnie Tseng is from Taiwan and is the Go Curry Cracker resident photographer. After working in high tech, she found her real love making magic happen behind the camera and in the kitchen. Now she travels the world in search of new flavors and images. Jeremy Jacobson is from the United States and is the Go Curry Cracker blog writer. His love of learning and adventure make permanent travel the ideal lifestyle. The original post is located here: https://www.gocurrycracker.com/cost-of-working-one-more-year/  If you're looking to supercharge your investment search and want to close on better deals while investing less time, head over to Awning.com/ofd   Visit Me Online at OLDPodcast.com Interested in advertising on the show? https://www.advertisecast.com/OptimalFinanceDaily Learn more about your ad choices. Visit megaphone.fm/adchoices

Jeremy Jacobson of Go Curry Cracker discusses the cost of working one more year Episode 1755: The Cost of Working One More Year by Jeremy Jacobson of Go Curry Cracker on Early Retirement Decisions Winnie Tseng is from Taiwan and is the Go Curry Cracker resident photographer. After working in high tech, she found her real love making magic happen behind the camera and in the kitchen. Now she travels the world in search of new flavors and images. Jeremy Jacobson is from the United States and is the Go Curry Cracker blog writer. His love of learning and adventure make permanent travel the ideal lifestyle. The original post is located here: https://www.gocurrycracker.com/cost-of-working-one-more-year/  If you're looking to supercharge your investment search and want to close on better deals while investing less time, head over to Awning.com/ofd   Visit Me Online at OLDPodcast.com Interested in advertising on the show? https://www.advertisecast.com/OptimalFinanceDaily Learn more about your ad choices. Visit megaphone.fm/adchoices

Jeremy Jacobson of Go Curry Cracker discusses the cost of working one more year Episode 1755: The Cost of Working One More Year by Jeremy Jacobson of Go Curry Cracker on Early Retirement Decisions Winnie Tseng is from Taiwan and is the Go Curry Cracker resident photographer. After working in high tech, she found her real love making magic happen behind the camera and in the kitchen. Now she travels the world in search of new flavors and images. Jeremy Jacobson is from the United States and is the Go Curry Cracker blog writer. His love of learning and adventure make permanent travel the ideal lifestyle. The original post is located here: https://www.gocurrycracker.com/cost-of-working-one-more-year/  If you're looking to supercharge your investment search and want to close on better deals while investing less time, head over to Awning.com/ofd   Visit Me Online at OLDPodcast.com Interested in advertising on the show? https://www.advertisecast.com/OptimalFinanceDaily Learn more about your ad choices. Visit megaphone.fm/adchoices

The 2nd Annual Her Hoop Stats WNBA Mock Offseason is here! Our amazing group of fake GMs took over two WNBA teams each and negotiated with pretend super agent Gabe Ibrahim under the watchful eye of the WNBA league office aka Jacob Mox. Part 1 features some of the best players in WNBA history making deals including Jewell Loyd, Tina Charles, Breanna Stewart, Jonquel Jones, and Kahleah Copper.    Here is a list of the GMs and the teams that they represent: Kevin Pelton of ESPN (Seattle Storm, Dallas Wings), Sabreena Merchant of SBNation (Los Angeles Sparks, Phoenix Mercury), Richard Cohen of Her Hoop Stats (Indiana Fever, Chicago Sky), Aaron Barzilai of Her Hoop Stats (Atlanta Dream, Minnesota Lynx), Alford Corriette of Her Hoop Stats (Las Vegas Aces, New York Liberty), and Jacqueline LeBlanc of the Next (Connecticut Sun, Washington Mystics).   Chapter Markers: (0:00) Intro; (1:44)  Panel Intro; (3:39) Team Planning Stage; (10:20) Retirement Decisions; (12:40) Free Agency Begins; (17:40) Jewell Loyd; (27:28) Tina Charles; (37:22) Chicago Sky Trio; (42:55)  Core Designated Players; (50:02) Outro    

Pension options, Social Security, and investments are all among the topics that you should be addressing with your significant other. Finding the right balance between both of your risk tolerances can help you better manage your future income. Even if you both have a plan on saving for retirement, you will also need to plan on what your retirement will look like. Do you both want to travel or stay close to family? Should you sell your current home or the vacation home? On today's episode, we are talking about some common financial mistakes couples make and what decisions you need to address together.   Read and get additional financial information: https://principalpreservationservices.com/ep-78-retirement-decisions-to-make-as-a-couple/   What we discuss:  1:00 – Couples as clients 2:06 – Pension options 6:27 – Social Security 8:59 – Should spouses come in together? 10:24 – 401k and IRAs 12:49 – Managing risk together 15:14 – Retirement planning together 19:22 – Mailbag: Am I in trouble with investing? 21:35 – Mailbag: Roth or Traditional 401(k)

Pension options, Social Security, and investments are all among the topics that you should be addressing with your significant other. Finding the right balance between both of your risk tolerances can help you better manage your future income. Even if you both have a plan on saving for retirement, you will also need to plan on what your retirement will look like. Do you both want to travel or stay close to family? Should you sell your current home or the vacation home? On today's episode, we are talking about some common financial mistakes couples make and what decisions you need to address together.   Read and get additional financial information: https://principalpreservationservices.com/ep-78-retirement-decisions-to-make-as-a-couple/   What we discuss:  1:00 – Couples as clients 2:06 – Pension options 6:27 – Social Security 8:59 – Should spouses come in together? 10:24 – 401k and IRAs 12:49 – Managing risk together 15:14 – Retirement planning together 19:22 – Mailbag: Am I in trouble with investing? 21:35 – Mailbag: Roth or Traditional 401(k

"Important Retirement Decisions" and we'll be covering the following topics: Segment One — What You Need to Know About CryptoCurrency • This segment discusses information about investing in cryptocurrency, including how it's taxed. Segment Two – Don't Outlive Your Savings • This segment covers how to create retirement income for life. Segment Three — Have a Social Security Maximization Strategy • This segment discusses what to consider when deciding when to claim Social Security. Segment Four — Why You Need An Estate Plan • This segment talks about important estate planning documents and how to name beneficiaries.

Emergency access to superannuation granted by the Australian Federal Government during the COVID-19 pandemic has triggered a discretionary spending spree for some Australians, who are splashing cash on some shockingly non-essential items - gambling, alcohol, apps, luxury fashion items, and takeaway food. Roughly 3m Australians withdrew almost $36 billion from their super accounts under the COVID-19 scheme. This is sharply contrasted with what happened in Canada where Canadians continue to be subject to withholding taxes on retirement funds removed from RRSPs unless the funds were taken by home buyers or lifelong learning. In the USA, the Federal CARES Act, made it easier for Americans under age 59½ to access the funds stashed in eligible retirement accounts – Americans were entitled to take out up to $100,000 from eligible retirement plans without incurring the usual 10% early withdrawal penalty and they were given up to three years to pay the tax liability on the money removed. While it's hard to get an official estimate on how much money was withdrawn early, both Fidelity and Vanguard reported that roughly 3% of their customers drew down on their retirement savings due to Covid. Best estimates suggest that roughly 4.530m Americans withdrew something close to $22.65b in retirement savings. Let's come back now to a quick summary of what the funds were spent on – and to do that I want to highlight some research conducted by the advisory firms Alpha Beta and Illion. What this research shows is that the overwhelming majority of those dipping into their retirement nest eggs have increased spending on lifestyle items, rather than using the cash as a lifeline for rent, utilities, medical expenses, or groceries. According to this research, those who drew down on their superannuation (the Australian retirement income scheme) increased their spending in the next fortnight by $2,855: Australians used this money to increase their spending, not to maintain prior spending levels 14% to repay personal debts 64% of spending went on discretionary items such as clothing, furniture, restaurant food, gambling and alcohol 40% did not actually suffer a drop in their income so far during the COVID-19 crisis 21% saw an increase in their income of more than 10% but drew down anyway Men and women spent the funds differently: Men – gambling was at the top of the list Women – fashion items topped the list Supplied: AlphaBeta/Illion   These statistics are disturbing. They highlight a couple of things: On average most individuals did not have enough money in their savings account to sustain themselves (household) more than 2-3 weeks when the pandemic hit Australians in particular demonstrated low levels of financial literacy – their decisions to remove money early from superannuation significantly impacted their future retirement savings (by tens if not hundreds of thousands) AND the money was largely spent on discretionary items that were not needed to sustain themselves during the pandemic   While I can relate to the fear factor as 2020 was a highly uncertain and frightening time with Covid 19, it disturbs me that millions of Australians felt they needed up to $10,000 (for whatever reason), and they seemingly: had no understanding of how to raise those funds via other means or what the actual impact would be on their future retirement savings if the amount were withdrawn early Bio: Derek Condrell is the co-founder of mSmart, a world-class software program that projects investment values so that you can confidently determine whether you will have enough income to retire when you want to. Rather than guess, or make bad decisions because you have no idea what the impact of a withdrawal might be, fintech innovators like Derek are working hard to create products that give you a very clear picture, help you make better decisions and avoid disasters just like the one likely to be faced by roughly 3m Australians who stripped money out of their retirement savings because they didn't know better. Financial Foreplay® Highlights: Early withdrawal may very well make sense in extreme financial hardship or a medical emergency. Spending varied greatly depending on the age bracket – over 38s tended to use the money more wisely while those under 38 gravitated towards discretionary spending Most people are simply not evaluating the impact BEFORE they actually decide to withdraw and largely that is because there is no easy way to assess the financial impact of the withdrawal on the end lump sum or annual retirement income. Lump sum is a much more dramatic, headline grabbing amount but it fundamentally makes more sense to focus on the impact on annual retirement income – and this should always be done in present day dollars to put some relevance and context around the numbers. Even if you made the mistake of withdrawing early, there are ways to make it up now: Via over-contributions (which are taxed much lower than your marginal rate) By shifting the mix of your portfolio from default (which is where most people are) to growth/equity. Please consult your financial advisor as you are much more likely to get advice that is tailored specifically to your needs than if you guess, use Google, listen to a friend etc. Tailored advice is always preferable to generic advice.  MSmart Example: Get in Touch: Email – Derek@msmart.com.au Website - www.msmart.com.au  

In this episode of Women's Retirement Radio, I'm joined by Carl Richards of Behavior Gap. Carl is a friend and colleague of many years, and I've often referenced his work and sketches in my writing. In fact, I currently have 2 of his letterpress prints hanging on the wall in my home office.In our conversation, we discuss Carl's background and why it's so important to him that people recognize money decisions are about our emotions and behavior much more than they're about using more information to make rational decisions. Also, learn why Carl considers himself the "self-declared king of permission granting."For more on Carl and the Behavior Gap, please check out these resources:Carl Richards - About PageCarl Richards - LinkedinCarl Richards - TwitterCarl's Book - The One-Page Financial PlanCarl's Book - The Behavior GapGet in touch and let me know what you think or if you have any questions.And thank you for listening.Visit my website to learn more.Disclosures --- Send in a voice message: https://anchor.fm/womens-retirement-radio/message

Some decisions you make are hard to go back to change, and some you can't change at all. And there are many decisions in retirement planning that can't be undone, so you want to make sure that you make the right call.   Read more and get additional financial resources here: https://retirementhuddle.com/podcast/ep-28-retirement-decisions-that-cant-be-undone/475/    What we discuss on this episode:  1:59 – Social Security 3:47 – Spousal benefits 5:48 – Life insurance 7:02 – Retirement date

Focus on these 5 things to feel more confident about your retirement readiness

Have a question? Get answers. Email us: askpete@petetheplanner.com Annnnnd we're back again for another round of answers to real life listener questions. Pete and Damian offer their best expert suggestions to help. Listen for a special offer code! HEY MONEY is your new secret... Read More

Have a question? Get answers. Email us: askpete@petetheplanner.com Annnnnd we’re back again for another round of answers to real life listener questions. Pete and Damian offer their best expert suggestions to help. Listen for a special offer code! HEY MONEY is your new secret... Read More The post Ep. 369: Pensions & Retirement – Decisions, Decisions! appeared first on Pete the Planner®.

There are decisions that need to be made as you approach retirement. These decisions can make or break retirement dreams. Many of the decisions will revolve around topics you never had to deal with before. It will be new, it can be scary, but you don't need to go in unprepared. In this show we talk about the important decisions that must be made around retirement. SPECIAL GUEST: Richard Lange of Paramount Financial Advisors in Fort Myers.

Focus on these 5 things to feel more confident about your retirement readiness

Perhaps you’ve been building your nest egg for quite some time, but have you realized that retirement is about so much more than just your investments. Chris will talk us through five areas that require a bit of thought and some careful decisions to prepare you for a thriving retirement.Full show notes: https://fortune-financial.org/ep-3-retirement-decisions-more-than-just-investments/----more----Key Takeaways From This Episode:The Mailbag0:52 Woody: Selling a homeWoody is retiring in two years and has plans to move to the beach. With home values so high in the neighborhood, should he sell now and rent for a couple of years?This is a similar question to when people are trying to time the market at an all-time high and sell at just the right moment before a crash or downfall. It carries with it similar risks.Two years is not a long timeframe in real estate, so Chris doesn’t think it will be that big of a change in that time. Do the math to figure out what you could get the house for today as well as what the rental costs would be. Talk to a real estate professional to find out the best answer for you.More Than Just Investments4:15 LifestyleWhen was the last time that your time was truly yours to dictate without a pre-set schedule dominating most of your decisions? Kindergarten? Realize that you have a gift of control over your time and think about how you want to spend it. Do you want to travel more? Pursue hobbies?What will it cost you to live this way?5:59 Social SecurityWhen are you going to start it? For most people, the earliest age to start is 62. But that isn’t always the right time to begin. Don’t make that mistake. Don’t assume you should start Social Security as soon as you are eligible.Consider also when the best time us for your spouse to start Social Security.Consider your tax implications because your Social Security may be taxed.8:03 PensionsFewer and fewer employers are offering pensions but if you do have that then you may be presented with a few different choices.Should you take the monthly pension or a lump sum buyout?Depending on the offer, sometimes the lump sum is better, but sit with a financial advisor to weigh out the decision.If you are married, find out if you should take a reduced pension to get a spousal option.10:09 Home-related issuesSometimes if you had kids and they are out of the house now, downsizing may free up some of your spending income.Do you want to stay in the area or relocate?If you relocate, will the cost of living be higher or lower?Reverse mortgage may be an option, but it depends on the situation.12:38 Health questionsYou can’t ignore the cost of healthcare, it’s the single biggest expense that most people are going to have in retirement.If you are retiring before age 65 when Medicare starts, where will you get insurance from until then and can you afford the payments?If you or your spouse had any type of chronic illness or long-term care event, how will that be paid for?Be prepared ahead of time so nothing pops up that can derail your retirement.

When it comes to planning for your retirement, there’s a lot more to consider than where to invest. Going beyond the data and numbers, you need to consider these areas of your life and what you want them to look like in retirement.  Show Notes 0:59 Lifestyle  When people come in to meet with Eric and his team, they are often surprised that it’s not just about the data. It’s important to find out what you envision your retirement will look like. Then you need to consider the challenges in retirement. The number one thing people miss when entering retirement is how much income they need or are able to generate. Income is the key to retirement success. A lot of people want to work doing something else or volunteer to give back to their community.  4:25 Social Security Social Security is one of the only guaranteed income sources for most people. Claiming it correctly is critical to your plan. The spousal benefits for Social Security are worth understanding. Eric shares a client example of a couple making decisions about Social Security. The tax strategies are crucial.  6:39 Pensions The nice thing about a pension is that it pays for the rest of your life. You don’t have control over the asset, however. If you roll it over in a lump sum, then you have control over it in case something happens. Eric shares a client story to illustrate how he breaks down someone’s pension options.  8:33 Home-related issues Are you thinking of downsizing? Maybe you would rather travel or don’t want to take care of the maintenance on a home. Reverse mortgages are a way to supplement income, but there are a lot of nuances. Think about where you want to live. Maybe you need to get everything in one level so you can “age in place”.  10:12 Health This is the biggest fear among many of Eric’s clients since healthcare insurance as an individual is hard to find. You need to think about long-term care or be prepared for a health catastrophe. Consider what kind of damage a healthcare issue may do to your retirement plan and address that now.

On this edition of the Wealth Guardians Radio Show, Doug Ray talks about critical decisions that can make or break your retirement. The Wealth Guardians Radio show is hosted by Doug Ray and broadcasts live each Saturday morning at 9:30 on Greensboro, NC’s 94.5 WPTI FM. Listen live or online at 945wpti.iheart.com/

How do we think about the entirety of a physician's career? Discussing the individual, institutional, and workforce implications of physicians' late-career transitions and retirement decisions in this new episode are editor-in-chief David Sklar, senior staff editor Toni Gallo (@AcadMedJournal), and authors Karen Leslie, MD, MEd (@karenraven) and Joanna Cain, MD. Read more about this topic, including the articles discussed in this episode, at: https://journals.lww.com/academicmedicine/pages/default.aspx. A transcript of this episode is available upon request from academicmedicine@aamc.org.

On this edition of the Wealth Guardians Radio show, Doug discusses retirement decisions and the risks you face. The Wealth Guardians Radio show is hosted by Doug Ray and broadcasts live each Saturday morning at 9:30 on Greensboro, NC’s 94.5 WPTI FM. Listen live or online at 945wpti.iheart.com/

Retirement Decisions Determining the right time to retire and knowing what your retirement will look like can be complicated. I discuss how education, clarity and support can help you make good decisions for this important chapter of your life. Program Length: 25 minutes  

Today, we learn how to deal with uncertainties that relate to our retirement. We also talk about important decisions that we need to get right before we retire, because they can't be changed later.   Main Questions Asked: How can I focus on the things that I can control? How can I create the best plan to overcome things like longevity risk and tax rate increases?   Key Lessons Learned: How to Deal With Retirement Uncertainties How to plan what we know that we don't know. Life expectancy. A healthy 65-year-old could live to 95. Many people will live past 100. It's important to have income and give yourself raises for inflation. Plan to be alive until the age 100. Changes in interest rates. Your portfolio is affected by changes in interest rates. Interest rates affect bond rates. If the bond interest rate goes up, you don't make any money. If you're near retirement, you need a significant amount of assets that can't go down. Look into ETFs and insurance products. Tax rates in the future. There's a good chance that taxes will go up, it might be a good idea to investigate things like Roth conversions. What happens in the market from year-to-year? We have no idea, but we need to be careful of the averages. Especially since many investors switch in and out, and don't get those averages.   Important Retirement Decisions You Need to Get Right When you start your Social Security. Starting Social Security is a irreversible decision. You need to consider your individual circumstances and include Social Security as one income source in your overall plan. Whether you should take the spousal benefit on your pension. There are so many different options. It's important to get help with making this decision. There are things you can do, like take the full benefit plan but purchase life insurance. Whether or not to get life insurance. You need to weigh all of your options before dropping life insurance, or if you need life insurance get a decision as possible. Choosing a retirement date can be emotionally irreversible. It's critical to choose a retirement date that works for you, because it's hard to get back into the workplace. Plus, there are emotional drawbacks.   Links To Resources Mentioned Money Map Retirement Review 1-800-757-0436 Thank you for listening!

My guest on the show today is Ray LeVitre. Ray is Managing Partner of Net Worth Advisory Group, based in Utah. He's a Certified Financial Planner and Member of the National Association of Personal Financial Advisors. Ray's gained a unique perspective of the financial industry during his 19 years of experience. Ray has worked as representative for one of the nation’s largest mutual fund companies; as a bank investment representative at one of the nation’s largest banks; and as an insurance agent at a reputable life insurance company. Ray then worked as a stock broker at the nation’s largest brokerage firm before starting his own independent firm. Because Ray has seen the industry from many angles, he understands the types of products and services commission-based companies offer. As an independent fee-only advisor Ray is in a unique position to help people evaluate the products and services they have been sold by other advisors and help determine if they were given sound advice. In this episode, I chat to Ray about retirement rules of thumb, the right time to get serious about your retirement planning, what investors should do with their portfolios in light of these strange economic times, common mistakes he sees people making when they enter the retirement phase of life, and much more. Here's my conversation with Ray LeVitre, CFP professional and author of 20 Retirement Decisions You Need to Make Right Now, in episode 255 of Informed Choice Radio.

Planning for retirement will be next to impossible if you don’t have some sort of barometer of your financial situation - and that’s why I always create a personal net worth statement with my clients to have a starting point for retirement planning. On this episode - the 2nd in the 2017 Retirement Plan LIVE sessions - I’m talking with Kim about her and her husband’s financial status, and you’ll hear us go item by item through their financial situation to build their net worth statement. It’s the first step, and one you can take easily enough on your own. Find out how on this episode of The Retirement Answer Man. What the HECK is a personal net worth statement? Your net worth statement is a document that will provide you a quick look at your financial situation at any point in time. By calculating your net worth you’re able to see what all the work you’ve done in your life has provided for you - as well as what you’ve spent so far. But tracking your net worth over time gives you even more insight into your financial picture. On this episode, I’m talking with Kim about the current assets and expenses she and her husband have right now, a few years before retirement. This will enable them to know where they are starting from as they begin to set retirement goals. You’ll see how applicable the net worth statement is to retirement planning, on this episode. Here’s the simple way to create your own net worth statement. You can calculate your own net worth statement pretty simply with very little effort. The hardest part is assembling all the facts and figures that go into a simple subtraction problem. Here’s how you do it: Total up all your assets (things you actually own that have value, including cash accounts at the bank), total up all your liabilities (the things you owe money on) and then subtract your liabilities FROM your assets. That will give you a net worth figure. Now that you have it, how do you use it to plan for retirement? I’m glad you asked because that’s what I’m covering with Kim, on this episode. How can you use a net worth statement to plan for retirement? When you’re planning for retirement you have to do more than just dream up fancy things in regard to your future without knowing how those fancy things are going to be funded. Your personal net worth statement will enable you to know what resources you have available to build upon in order to fund your retirement plans. Think of it as a starting place, the dot on the map where you are now. Once you understand that figure you’ll be able to see how far you are from the ideal retirement you’ve imagined. If you’d like to build your net worth statement with a little help from a retirement planner, here’s your chance. One of the things I love about what I do is that I’m able to help people accomplish financial goals through the creation and use of simple tools that are truly helpful. One of those is my “Build Your Net Worth Statement” worksheet - which is yours for free if you want it. If you’d like to get your own copy and find out how to get started with your own net worth calculations you can find it on my learning center page. OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN [0:30] My introduction to this “part 2” episode of the Retirement Plan LIVE. HOT TOPIC SEGMENT [2:43] What IS your net worth and how is it calculated? PRACTICAL PLANNING SEGMENT [12:30] Looking at Kim and Joe’s personal net worth statement to plan for retirement. TODAY’S SMART SPRINT SEGMENT [42:39] Identify the location of all your important documents and write down those locations for your loved ones. THE HAPPY LAB SEGMENT [44:20] Mishandling stress is a bad way to build happiness in relationships. RESOURCES MENTIONED IN THIS EPISODE Contact Roger: http://www.rogerwhitney.com/retirementanswers/ Roger’s retirement learning center: www.RogerWhitney.com/learn The Retirement Answer Man Facebook page: www.Facebook.com/RetirementAnswerMan LastPass 1Password

The Moneywise Guys Podcast Monday, November 7th www.MoneywiseGuys.com Guest: Dr.Corey Gonzales, Ph. D. - Local Licensed Clinical Psychologist

Healthcare Costs and Retirement Decisions by America's Healthcare Challenge

We examine a variety of retirement decisions facing your client. We conclude that the help of an advisor is necessary and we become aware of how different decisions interrelate.

TOPICS COVERED: Guest Introduction: Ed Slott, CPA; Roth IRAs as an Alternative to a 529 Plan; The Importance of Beneficiary Forms; Potential Death of the Stretch; An Alternative to the Stretch; The Integration of Social Security Strategies and IRA Strategies

Episode 106 - Retirement Decisions You Need to Make Right Now with guest Ray LeVitre, CFP

How to help pre- and post-retirement clients stay relevant to the working world and resources for finding jobs later in life, with Anna Rappaport.

Joe Jordan reviews some of the questions to ask clients to help them decide among their retirement income goals.

We discuss how the software tool, "Ready2Retire" can help an advisor help their clients.