Kelley talks about properly managing the concerns felt by retirees in the middle of possible recession, the highest inflation in forty years, and rising interest rates.  She discusses the inverse relationship between the stock and bond market and explains how proper planning can set retirees up with built in income streams that can help ease the anxiety.  She discusses how she determines her client’s “numbers” to better custom plan for them.  She includes the financial independence number, the Social Security starting age, the number of guaranteed lifetime income someone will need, estimated health care out of pocket costs and possible long term care costs, and estimated monthly retirement spending.  Kelley closes with five things to absolutely consider in retirement planning including checking your asset allocation, building those liquid reserves, and monitoring your spending rate.

You can reach Kelley Slaught by calling 800-810-8060.

California Wealth Advisors

See omnystudio.com/listener for privacy information.

Kelley covers steps to take in the financial red zone, the five to ten years before you retire, that can help make sure your money takes you all the way through retirement.  She covers creating tax-diversified sources of income, looking at opening a Health Savings Account for those eligible, eliminating debt, and creating that financial plan with a retirement specialist.  What is the compounding effect of inflation and the loss of purchasing power and how is that affecting retirees and soon to be retirees?  Kelley provides answers along with discussing strategies to factor in high inflation.  She closes by looking at certain behaviors that could potentially sabotage your retirement plan such as not looking ahead, being overly optimistic with your budget, and procrastination.

You can reach Kelley Slaught by calling 800-810-8060.

California Wealth Advisors

See omnystudio.com/listener for privacy information.

Kelley demonstrates how small measures could make a big difference in light of the current economic climate.  Strategies discussed include using credit cards to your advantage, reevaluating your insurance coverage, and even looking at services to consider cutting such as streaming services you never use.  She then moves to potentially costly mistakes to avoid such as accessing retirement funds early and failing to maximize your Social Security benefits.  Kelley closes with a discussing on how to rectify potential retirement killers.  She talks about the need to have an income plan in writing, avoiding pie-in-the-sky investment returns, and knowing your risk tolerance.

You can reach Kelley Slaught by calling 800-810-8060.

California Wealth Advisors

See omnystudio.com/listener for privacy information.

You want a retirement with as few regrets as possible.  What are some things you can do in the financial red zone to avoid having those regrets?  Kelley covers that in this podcast.  She also addresses the current economic climate with the bear market, inflation, rising interest rates, recession possibly looming and what retirees and soon to be retirees should be considering.  She closes with good financial red zone moves to make sure you launch a stronger retirement such as catch-up saving, paying off debt, and determining retirement spending needs.

You can reach Kelley Slaught by calling 800-810-8060.

California Wealth Advisors

See omnystudio.com/listener for privacy information.

Kelley points out how retirement planning is different now due to many factors such as dwindling pensions and longevity.  She talks about the importance of building income, protecting your wealth, and factoring in health care costs and inflation.  She then moves into discovering fees you may be paying and avoiding unnecessary costs in retirement including penalties.  Kelley then keeps the conversation grounded in reality as he debunks some retirement myths and old ways of thinking in crafting retirement strategies.

You can reach Kelley Slaught by calling 800-810-8060.

California Wealth Advisors

See omnystudio.com/listener for privacy information.

Kelley covers three retirement investment mistakes to avoid including maintaining the wrong asset allocation, failure to properly diversify, and investing without liquid savings.  If you are of the mind to expedite your retirement date, she gives you some things to consider.  Kelley also offers tips to help give you more comfort in your retirement spending such as developing a good, structured spending plan and exploring different potential income solutions.

You can reach Kelley Slaught by calling 800-810-8060.

California Wealth Advisors

See omnystudio.com/listener for privacy information.

Kelley covers some important considerations when you first launch retirement to help preserve your wealth.  She then moves into what could be new rules of retirement post-pandemic and given that people are living longer.  Kelley then goes over the planning strategies in the scenario of one spouse retiring and the other still working.

You can reach Kelley Slaught by calling 800-810-8060.

California Wealth Advisors

See omnystudio.com/listener for privacy information.

Kelley explains what should be considered in formulating your retirement plan including knowing your vision, your day-to-day expenses, reviewing your assets, your risk, and your potential tax liability.  The conversation then moves to options available with your old 401(k) and mistakes to avoid helping to make sure you don’t run out of money in retirement.

You can reach Kelley Slaught by calling 800-810-8060.

California Wealth Advisors

See omnystudio.com/listener for privacy information.

Kelley covers the topic everybody’s talking about and that’s inflation.  She talks about the need to have a growth aspect in your retirement plan, planning for healthcare costs, and even touches on TIPS and I-bonds. She closes by going through the different phases of retirement to pre-retirement planning, the big day, the honeymoon phase, and creating your new retirement identity.  Kelley devotes half of the podcast to answering frequently asked questions on subjects such as RMDs, real estate, highly appreciated assets, and 401(k)s.

You can reach Kelley Slaught by calling 800-810-8060.

California Wealth Advisors

See omnystudio.com/listener for privacy information.

Kelley stresses the importance of proper financial knowledge and in knowing what to expect when it comes to retirement planning.  She also covers how retirement accounts and dividend stocks can be a great pairing and then goes over some basics to consider as you approach retirement such as time horizon, income needs, risk tolerance, estate planning, and long-term care protection.

You can reach Kelley Slaught by calling 800-810-8060.

California Wealth Advisors

See omnystudio.com/listener for privacy information.