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Plan Today, Own Tomorrow
15 minutes | Jun 4, 2021
Episode 29: Planning on retiring with the next few years? Consider this checklist!
Understand your monthly spending and /or monthly budget Have a proper handle on your monthly income sources Don’t forget about medical or health care cost Decide whether you are going to enlist the help of a financial professional Develop a written financial plan
12 minutes | May 28, 2021
Episode 28: Four Methods to Help create an Income Stream in Retirement
Method #1- Systematic Withdrawal- Also know as the 4% withdrawal rule or “Goal-based” Method #2- Time-segmentation or “bucketing” Method #3- Income Flooring Method #4- Guaranteed Cash Flow planning
14 minutes | May 21, 2021
Episode 27: Help Simplify Your Retirement Plan
Why can retirement be so stressful? 1. Focus on the big picture, not just potential returns 2. Consolidate your accounts 3. Broad diversification 4. Automate your income 5. Strip your investment strategy down 6. Go green-paperless 7. Can a “bucket plan” help you?
14 minutes | Apr 30, 2021
Episode 26: 5 Frequently Asked Retirement Questions
How much money do I need to retire? What is an RMD? How do taxes work with my social security and/or pension plan? How much could healthcare cost in retirement? When can I withdraw money from my retirement accounts?
11 minutes | Apr 16, 2021
Episode 25: Why you may not retire on time. Four things to consider.
Stock market downturn at the wrong time Not enough diversification Fear of uncertainty Not enough monthly income
16 minutes | Apr 9, 2021
Episode 24: 8 facts about annuities every retiree should know
What is an annuity? Immediate vs Deferred- the difference Does the beneficiary inherit your payment or your cash value? Do you have to annuitize your annuity to turn it into a income stream? Is there any insurance on the annuity or payment? How do the fees work? How do annuities earn interest? How does the insurance agent or financial advisor get paid for the annuity? Bonus! Do insurance agents or financial advisor have multiple options for annuities they can use?
18 minutes | Apr 2, 2021
Episode 23: 7 Retirement Risks
Inflation Risk Longevity Risk Long-term illness/Chronic Illness Risk Rising health care cost Emotional/irrational investor behavior Losing money “safely” Sequence of return risk
11 minutes | Mar 19, 2021
Episode 22: 4 money mistakes in retirement
Investing too conservatively Best way to approach the lump sum vs. pension decision Focusing on your assets instead of your retirement income Choosing the right Medicare plan
13 minutes | Mar 5, 2021
Episode 21: Four choices every retiree has to make!
How long do you plan to work? What are some pros and cons? How long will your retirement last? Identifying income sources, tracking your expense, planning for inflation and managing risk! How will you generate income in retirement? Guaranteed income, Non-guaranteed income and Combination income! What is the ultimate purpose of your assets?
14 minutes | Feb 19, 2021
Episode 20: Life-changing financial events-and what you should know about them!
What is a “financial milestone?” Age 55, age 59.5, Age 62, age 65, age 66-67, age 70 and age 72 What about Medicare and all it’s moving parts? Other financial milestones that change your life (College planning, marriage and divorce)
13 minutes | Feb 12, 2021
Episode 19: The Three Phases of Your Financial Life
Accumulation Phase Preservation Phase Distribution Phase
12 minutes | Jan 29, 2021
Episode 18: Financial Planning “Rules of Thumb”- Are they worth using?
Let’s define what “rule of thumb” really means Save 10% of your income rule Using your age to determine your risk/non risk allocations. “rule of 100” You will need 70-80% of working income in retirement 4% rule You need $1,000,000 at least to retire
11 minutes | Jan 22, 2021
Episode 17: The biggest retirement challenges
1. Sequence of Return Risk and Stock Market Timing 2. Rising Cost of Health Care and Long Term Care 3. Outliving your nest egg 4. Inflation
15 minutes | Jan 15, 2021
Episode 16: How to live a happy retirement!
Let’s define what happiness means Key steps: Define what you want out of your retirement Set your target date Develop an income plan Get a part time “fun” job Don’t get complacent
12 minutes | Jan 8, 2021
Episode 15: The 5 years before you retire!
Time to “tighten-up” that budget Explore some consolidation efforts Payoff or reduce your debts Hire a financial planner Reduce your investment risk
11 minutes | Dec 18, 2020
Episode 14: Common mistakes that could impact your retirement
Mistake #1- Underestimating your needs Mistake #2- Panic Selling Mistake #3- Not knowing what happens when you take money out of an account Mistake #4- Listening to the “hot tip” Don’t follow the herd-
13 minutes | Dec 4, 2020
Episode 13: Why you might not need as much to retire as you are being told
What is the right number to focus on? Best method to determine where you stand? Creating a retirement budget and all if its moving parts! What about life’s variables? Are you prepared? What should you do?
14 minutes | Nov 13, 2020
Episode 12: How to integrate the “3 worlds of money” into your retirement
Is there one superior financial vehicle to all others? Can I have money in only one world of money and still be successful? What financial vehicles should I consider once I retire? How can I invest my nest egg to help maximize my retirement income? Are there financial advisors that have access to all 3 worlds of money?
15 minutes | Nov 6, 2020
Episode 11: Controlling your retirement fees!
How much does it cost to buy and sell stocks? Are all mutual funds loaded with commissions attached to them? What other type of fees are inside mutual funds? Why do ETF’s have lower expense ratios that most mutual funds? Do annuities have fees?
13 minutes | Oct 30, 2020
Episode 10: Why you shouldn’t rely on Medicare for all healthcare costs in retirement
What exactly is Medicare and what all does it cover? What is the difference between Medicare part A, B, C and D? What is the difference between and Medigap plan and a Med Advantage Plan?
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