By Marty Nevel
The podcast currently has 214 episodes available.
Marty discusses recent financial headlines and their impact on retirement planning. The conversation covers topics such as the retirement disconnect, the potential decimation of retirement savings from taxes, Americans' biggest financial regrets about retirement, and the lack of knowledge about Social Security benefits. Marty emphasizes the importance of creating a comprehensive retirement plan that includes sustainable income and proactive tax strategies.
Reach Marty at 888-519-9096.
Smart Money Solutions
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Marty discusses the importance of early detection and prevention in both physical and financial health. He compares various physical ailments, such as heart disease, Alzheimer's disease, and diabetes, to financial concerns and emphasizes the need for proactive planning and preparation. Marty also highlights the significance of maximizing Social Security benefits, managing taxes, and preparing for out-of-pocket healthcare costs and long-term care. He concludes by emphasizing the importance of having a plan for retirement and staying active and fulfilled during this phase of life.
Reach Marty at 888-519-9096.
Smart Money Solutions
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Marty discusses the financial lessons we can learn from historical monarchs. He emphasizes the importance of sustainable retirement strategies, avoiding get-rich-quick schemes, and ensuring consistent growth in investments. Marty also highlights the dangers of ignoring financial problems and delaying critical changes, as well as the risks of overinvestment and emotional spending. He stresses the need for comprehensive retirement planning, including estate planning, financial planning, and tax planning. Marty emphasizes the importance of having multiple streams of reliable income, becoming debt-free, and having comprehensive health and long-term care coverage.
Reach Marty at 888-519-9096.
Smart Money Solutions
See omnystudio.com/listener for privacy information.
Marty explores the intersection between presidential races and economic policies and how they can affect financial futures, especially in retirement. He discusses past administrations and the economy during their terms, highlighting key events and policies. Topics include high inflation, gas lines, interest rates, tax cuts, national debt, and the impact of different administrations on retirement planning. The conversation also delves into the current political landscape and the importance of seeking professional help for retirement planning.
Reach Marty at 888-519-9096.
Smart Money Solutions
See omnystudio.com/listener for privacy information.
Marty discusses common mistakes to avoid in retirement planning. The first mistake is waiting too long to plan, but Marty emphasizes that it's never too late to start. He recommends starting in your mid to late 40s or early 50s. Another mistake is underestimating the cost of living, especially with inflation and rising expenses. Marty advises getting rid of debt and having an emergency fund. He also highlights the importance of considering long-term care and having a plan in place. Other mistakes to avoid include not prioritizing contributions to investments and not establishing proactive tax strategies.
Reach Marty at 888-519-9096.
Smart Money Solutions
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Marty discusses common estate planning mistakes, such as failing to create an estate plan, not updating the plan, ignoring digital assets, and not properly funding a trust. He also emphasizes the importance of having powers of attorney in place and seeking professional help for estate planning.
Reach Marty at 888-519-9096.
Smart Money Solutions
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The conversation revolves around the topic of Roth conversions and whether or not they make sense for individuals. Marty Nevel, a retirement specialist, discusses the various circumstances in which Roth conversions may be beneficial, such as lowering future tax brackets and estate planning. He also highlights the importance of careful consideration and analysis before deciding to do a Roth conversion. Other topics covered include the need for a diversified tax liability, maximizing retirement accounts, and creating a spending plan for retirement. Marty also discusses the challenges that baby boomers face as they enter retirement.
Reach Marty at 888-519-9096.
Smart Money Solutions
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Marty discusses the five basic steps to retirement planning and emphasizes the importance of income planning and expense management. He also highlights the significance of investment management, healthcare and long-term care planning, and estate planning. Marty mentions the option of having an encore career or working in some capacity during retirement. He discusses the role of annuities and real estate income as additional streams of income. Marty also addresses the question of being bullish or bearish in investment strategies and the importance of planning for retirement in the financial red zone.
Reach Marty at 888-519-9096.
Smart Money Solutions
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Marty gives his take on recent financial news stories. He comments on the fact that many retirees are facing a financial crisis with half having less than $145,000 saved, well below the recommended amount. Other stories Marty commented on include common regrets among retirees include not saving more, not having a written financial plan, underestimating retirement costs, and not planning for healthcare expenses. Retired women are significantly more likely to face financial hardships compared to men. That is also part of the discussion.
Reach Marty at 888-519-9096.
Smart Money Solutions
See omnystudio.com/listener for privacy information.
Marty discusses the importance of finding the right financial advisor for retirement planning. He covers topics such as how to find a financial advisor, the benefits of working with an advisor, and the components of a good retirement plan. He also touches on the impact of inflation, rising delinquencies, and bank closures on the economy. Marty emphasizes the need for a comprehensive plan that addresses income, estate planning, tax planning, investment management, and healthcare planning.
Reach Marty at 888-519-9096.
Smart Money Solutions
See omnystudio.com/listener for privacy information.
The podcast currently has 214 episodes available.