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What are the Long-Term Effects of Rising Interest Rates on Retirement Plans? Tips and Strategies for Retirees to Mitigate Risk from High Interest Rates - Treasuries - CD's - Multi-Year Guaranteed Annuities - Fixed Indexed Annuities These strategies can help you navigate the current bond market and preserve your investments from the risks associated with rising interest rates.

Scott and Angela start a two-part Retire Simply podcast series discussing different strategies that can help you navigate the current bond market and help preserve your investments from the risks associated with rising interest rates. Tune-in next week to hear Part 2! Key takeaways: • What are Interest Rates and How do They Affect Retirement Planning? • The Impact of Rising Interest Rates on Your Savings • How to Manage Your Retirement Plan

President Biden signed the SECURE 2.0 Act into law on December 29, 2022. This legislation makes some notable changes. It is projected to reshape retirement for years to come by making several changes to retirement account rules. Listen in today and Scott and Angela bring you current information about how these changes could affect you. Changes like: • RMD Age has change for many of us • Higher Catch-up Contribution Limit • The Lost and Found for 401(k)s

This is the 100th episode of the Retire Simply Podcast. We’ve had a lot of fun! It has been a wild and beautiful ride getting to stay connected with you as we aim to guide you throughout retirement! Always bringing you… • the latest retirement updates • tips to help implement them • great recipes and stories that we think you’ll love We are so grateful for you! All the support and appreciation you’ve sent us and the team at Compass Retirement is the fuel that keeps us energized and ready to bring you what you need for these ever-changing times. Looking forward to celebrating episode 200 with you, your family, and your friends…Angela & Scott Winstead!

Scott and Angela share a few conversation starters to help you get through those holiday parties and social gatherings with friends and family where you might need to fall back on something to get those fun (non-argument-starting) discussions going!

Scott and Angela discuss the crazy year we just experienced, from market volatility to inflation and everything that can threaten your retirement. Then, the duo takes a look at the upcoming year and what you can address in your retirement plans. Key takeaways: * Reviewing the Headwinds of 2022 - GDP - Inflation - Interest Rates - US Market * Looking ahead to 2023 * Benefits of a solid Retirement Plan * Primary areas to address

In today's podcast Angela shares that she's back out in the community hosting Retire Simply Women Events. Women typically face many different challenges and obstacles than men in their retirement. Listen in today as Angela shares with you some of women’s top concerns and ideas about how to find your way through today’s retirement landscape!

The retirement space is changing. With constant stock market volatility and the bond market going down, the 60/40 portfolio should be reconsidered for retirement. What can you do to work around this split? Key takeaways: • What does rising interest rates mean for the 60/40 portfolio? • Should you potentially sell to cash? • What about commodities? • Considering your goals and your age.

Scott's commitment is become the best version of himself, while encouraging others to do the same. He is embarking on a massive challenge in Snowbasin, Park City, Utah, a challenge that will take a physical and mental toll. In a special episode of the Retire Simply Podcast, Scott gives details of the 29029 Everest Challenge, The Jones Project, and how you can take help support him. Donate here: https://thejonesproject.org/29029/scottwinstead/ More information on the 29029 Everest Challenge: https://29029everesting.com/ Key takeaways: • What is the 29029 Everest challenge? • The story of Josh Jones and The Jones Project • Ways to donate and help support those participating in the challenge.

Give and receive. If you are like many of the people, we get to help, and you like to give. Some of you give of your money, some of you give of your time, and some of you give both! If money is a part of your giving equation, then we have an idea you. Have you ever considered Qualified Charitable Distributions? Wouldn’t it be nice to give AND receive? Source: https://www.fidelity.com/learning-center/personal-finance/retirement/qcds-the-basics

Key takeaways: IRRMA- what you don’t know could hurt you. Wow! I never expected a lookback. 62 could be the way to go.

What happens to your personal finances when your spouse passes away? You may be shocked by how this impacts your taxes. Scott and Angela explain the difference between the tax brackets for married people versus individuals. Key takeaways: • The tax bracket exchange, when someone dies… it sure can change • Now you know, don’t let your problem grow! • It a may be an uncomfortable conversation that could save a terrible situation. *Neither the firm nor its agents or representatives may give tax or legal advice. Individuals should consult with a qualified professional for guidance before making any purchasing decisions.

In this episode, Scott and Angela go over what you need to have in order so you can leave a lasting legacy and estate plan! Key takeaways: • Taking Inventory • Maintaining Your Lifestyle • Tell them what to do! • Review your Beneficiaries. • Do you need professional help? • Make sure you’re current.

We receive lots of questions about living trusts. Listen in as we share about five reasons you don't need a living trust in the state of Texas, as well as three reasons you might.

You don’t need a lot of money to have an estate plan. There are a few necessities that we will be talking about today. Key takeaways: • Start with a will. • Let’s talk about a Financial Power of Attorney. • Who will make decisions regarding your health if you can’t?

Can you really time the market? No one has a crystal ball that can predict the future, so trying to time the market may cost you in the long run. Scott and Angela explain why time IN the market makes more sense than timing the market. Key takeaways: • It's not about timing the market, but about time IN the market. • Getting in and getting out may not accomplish what you want. • Missing even a few of the best trading days can have a big impact on your account value. • It’s important to have protected funds and funds at risk.

You may have a stock portfolio and a few savings accounts, but do you have a written financial plan? If you don't have a written financial plan for retirement, then you are just wishing. Scott and Angela explain why it's crucial - particularly in times like these - have a plan. Key takeaways: • Worst four months since 1939? • Portfolio positioning versus an adaptable and flexible plan. • It may be time to get out of the rain and seek shelter.

Throughout your normal daily tasks are you hearing that scary word….Recession? This may be a good time to review your budget, portfolio, and short-term cash situation. Listen in as Angela and Scott talk about what a big change in the market might mean. And is protection available?

Listen in as Scott and Angela talk about a unique use of life insurance. Could it be used to help cover your long-term care expenses? Key takeaways: • Accelerated Death Benefit • Tax free care • How is it priced?

Believe it or not your approach to life insurance may need to be completely different as you near or enter retirement. The conversation may no longer be about making sure the kids are taken care of and the house is paid off. Join Scott and Angela as they talk about a new perspective on life insurance. • Is life insurance an old, outdated tool? • Leverage is key! • Is your money like a Swiss army pocketknife?