Dekker Financial Show

You’ve most likely heard plenty of “rules” you’re supposed to follow to retire successfully. Some of these rules are stated so confidently, you’d be crazy not to immediately accept them as fact. But we don’t mind the threat of being called crazy, so let’s dive into some of the most popular retirement “rules of thumb” to see if they truly lead us down the path of good financial guidance or run a chance of leading us astray.

Here are some of the things you’ll learn in this episode:

• Should you follow the 75% rule? (7:06)
• Why the rule of 72 is a good gauge for managing expectations. (9:43)
• The rule of five: should we really follow the market “rules”? (12:32)
• Why we don’t agree with the 4% rule. (19:03)

Want to get in touch? Book an appointment online here: https://www.dekkerfinancial.com/book-appointment

Don’t dread this as much as you hated hearing these words as a kid, but it’s time for a pop quiz! We’re putting retirement planning preparedness under the microscope with 5 critical questions to which you need to know the answers.

Here are some of the things you’ll learn on this episode:

• Why you should start saving as soon as you begin working rather than paying off debt. (1:55)
• What percentage of your current income will you need in retirement. (5:54)
• What does a diversified retirement plan consist of? (12:33)
• What percentage should you withdraw from your portfolio each year in retirement? (15:42)

Want to get in touch? Book an appointment online here: https://www.dekkerfinancial.com/book-appointment

Today’s market has forced many people to take a hard look at their portfolio and assess where their money is invested. All too often they end up realizing that they’re taking on more risk than they wanted or realized.

Let’s see if your tolerance for risk matches your financial plan. What should you do if that balance is out of whack? What if you’re a natural risk-taker, but you really shouldn’t be when it comes to your finances? We’ll explore all of these angles as we break down the role of risk in your financial and retirement plan.

What we discuss in this episode: 

0:58 – Talking more about risk with clients

5:52 – Clients’ comfort level with risk

8:27 – Does portfolio match risk tolerance?

11:41 – Identifying risk in your portfolio

16:18 – Why are people taking on unnecessary risk  

18:35 – Managing risk but not eliminating growth

21:56 – How we help someone assess how much risk they need.

25:14 – Getting to Know Meredith and Adam

Visit us online: https://www.dekkerfinancial.com/

On this episode, we’ll try to pick sides in some important financial debates. From bonds to life insurance, credit card debt to starting Social Security, we’ll propose several different topics to see which sides of the debates you and your advisor should probably fall on.

Since there’s never a true answer to any debate because planning needs vary for every individual, Meredith and Adam will take on opposing viewpoints and try to explain both sides of the issue.

What we discuss in this episode: 

2:13 – Always pay off your house as soon as you can.

5:58 – Nobody needs life insurance once they’ve retired.

10:03 – Annuities are a rip-off.

15:10 – You’ll be in a lower tax bracket in retirement. Defer taxes now.

20:25 – Start Social Security as early as possible.

24:53 – Getting to Know Meredith and Adam

Visit us online: https://www.dekkerfinancial.com/

Much of the financial planning information you’ll receive is about the things you should be doing, but arguably one of the most important keys to long-term success is what you aren’t doing.

We’re all human and make mistakes, and our finances are not immune from those errors in judgment. On this episode of the podcast, we’re going to highlight five different mistakes that people make with their money and explain the impact they could have on your retirement.

What we discuss in this episode: 

1:16 – Car or Home?

3:14 – Fear and greed forcing you to buy or sell at wrong time

8:56 – Bad investment choices to save on taxes  

11:03 – Leaving too much in cash for too long

14:01 – Overthinking every decision

18:02 – Blindly trusting financial advice

Visit us online: https://www.dekkerfinancial.com/

More and more people are considering the possibility of an early retirement but just how realistic of an option is it for you to retire at age 55?

A recent Yahoo! Finance article explored that idea to see how feasible it would be for the average American. In this article they pointed out the key issues facing folks that want to retire early so we’ll break down the article and get Meredith and Adam’s thoughts on the challenges you’ll need to overcome.

For a little additional fun, we’ll read off a few of the comments from the Peanut Gallery and then throw in a ‘Getting to Know You’ question for the Dekkers before we finish up.

What we discuss in this episode: 

2:08 – Fun Fact

3:24 – Is this a common goal?  

6:42 – Income gap before Social Security

9:23 – Not able to tap into retirement accounts

11:04 – Healthcare expenses

13:02 – Importance of planning

16:33 – Article comment #1

19:16 – Article comment #2

21:12 – Article comment #3

23:35 – Article comment #4

24:09 – Getting to Know Meredith and Adam

Visit us online: https://www.dekkerfinancial.com/

There are certain age milestones where you should really pay attention to your retirement planning progress. On this episode, we’ll look at the most important birthdays as you approach retirement and cover the exact things you should be checking off your to-do list at each age.

Contact Info:

480-897-1067

https://www.dekkerfinancial.com/

There are some important terms you’re going to come across as you prepare for retirement. Having a basic understanding of these will help you achieve financial success, so we’ll cover what they mean and what you should know on today’s episode. And don’t worry. We won’t go quite so far down the rabbit hole where we expect you to be able to explain how a company’s P/E ratio meshes with it’s Alpha and Beta ratings to determine how much stock you should buy.

Contact Info:

480-897-1067

https://www.dekkerfinancial.com/

After listening to today’s episode, you’ll never attend another baseball game with the family and look at it the same way. We’re going to show you how taking some of baseball’s most basic principles can also lead to financial success in your retirement portfolio. So, grab your peanuts and crackerjacks and let’s take the financial field.

Contact Info:

480-897-1067

https://www.dekkerfinancial.com/

When it comes to your money, you might have several different voices in your head—maybe the voice of greed, or the voice of fear, and sometimes the voice of wisdom. Let’s look at some things we might hear from the voice of greed so you know how to recognize it when you hear it.

Contact Info:

480-897-1067

https://www.dekkerfinancial.com/