For many business owners and real estate investors, the business is the retirement plan — until it isn’t. Without intentional planning, selling or stepping back can create tax surprises, income gaps, and long-term financial stress. In this episode of The Lord and Richards Show, CEO Colin Richards unpacks what a smart exit strategy really looks like and why planning must begin long before you’re ready to sell.

We cover:

• Why most business owners delay personal retirement planning

• The importance of building a second income “track” outside your business

• Common exit and tax mistakes that reduce business value

• How cash reserves and guaranteed income streams create flexibility

• Why relying solely on a future sale is risky

• Strategies to manage taxes before, during, and after an exit

• How valuation, income planning, and estate planning work together

🎧 Tune in to learn how to create independence from your business, reduce exit risk, and design a retirement strategy that gives you options — whether you sell, scale back, or stay involved on your terms.

Learn more: https://lordandrichards.com/

Call for your complimentary Retirement Freedom Review: 720-372-0400

Investment Advisory Services offered through Lord and Richards Wealth Management, LLC, a Registered Investment Adviser.

Many retirees and high savers carry far more risk than they think. Market volatility, lawsuits, healthcare costs, fraud, and cybersecurity threats can quietly undermine even well-funded retirement plans. In this episode of The Lord and Richards Show, CEO Colin Richards and co-host Dylan Schoonover break down what real risk management looks like and why diversification alone is not enough to protect your wealth.

We cover:

• Why market risk cannot be diversified away

• The difference between risk tolerance and risk capacity

• How large portfolio losses delay or derail retirement

• What a “safety percentage” is and why it matters

• How the barbell strategy balances protection and opportunity

• Non-market risks including lawsuits, healthcare costs, fraud, and cybersecurity

• Why comprehensive planning matters most in the distribution phase

🎧 Tune in to learn how to manage risk intentionally, protect your assets, and build a retirement plan designed for long-term stability and freedom.

Learn more: https://lordandrichards.com/

Call for your complimentary Retirement Freedom Review: 720-372-0400

Investment Advisory Services offered through Lord and Richards Wealth Management, LLC, a Registered Investment Adviser.

What happens to your money when you are gone? Without the right planning, your wealth can be diverted by taxes, outdated documents, or unintended beneficiaries. In this episode of The Lord and Richards Show, CEO Colin Richards and co-host Dylan Schoonover break down wealth succession planning and explain how to ensure your assets are transferred intentionally, efficiently, and in alignment with your wishes.

Through practical examples and a powerful real-life client story, they discuss how proactive planning can reduce stress, prevent family conflict, and provide peace of mind, even during life’s most difficult moments.

We cover:

• The difference between wealth succession and traditional estate planning

• Common mistakes with wills, trusts, and beneficiary designations

• How outdated documents can send money to the wrong people

• Why proper account titling and beneficiary planning matter

• Gifting strategies and inheritance pitfalls to avoid

• A real client story showing how planning creates confidence and clarity

🎧 Tune in to learn how to protect your legacy, simplify the process for your loved ones, and make sure your wealth goes exactly where you intend.

Learn more: https://lordandrichards.com/

Call for your complimentary Retirement Freedom Review: 720-372-0400

Investment Advisory Services offered through Lord and Richards Wealth Management, LLC, a Registered Investment Adviser.

Many savers enter retirement with plenty of assets but not enough life in their lifestyle. In this episode of The Lord and Richards Show, CEO Colin Richards and co-host Dylan Schoonover talk about lifestyle management in retirement, how to travel more, bless your family, and give generously, all while staying confident that your portfolio can support your dreams.

From go go years of travel to faith driven generosity, Colin shares practical ways to use your wealth purposefully rather than hoarding it for “someday.” You will hear real client stories, travel hacks, and a step by step framework to organize your money so you can retire early, spend more, and still feel secure.

We cover:

• Why so many retirees stay “trapped in frugality mode” even when they have more than enough

• How to align your retirement lifestyle with what you truly want, not just what you fear

• The three bucket strategy for lifestyle freedom

• Protected lifetime income to cover your needs with confidence

• A growth and opportunity bucket for extra trips and big experiences

• How to plan big family trips like cruises or overseas vacations without worrying you will run out of money

• Using the “go go, slow go, no go” framework to time your most active travel years

• Simple travel hacks and VIP services that can make global trips easier as you age

• The role of private foundations, donor advised funds and public charities for tax efficient giving

🎧 Tune in to learn how to turn your savings into a life of purpose, generosity and memorable experiences for you and your family.

Learn more: https://lordandrichards.com/

Call for your complimentary Retirement Freedom Review: 720-372-0400

Investment Advisory Services offered through Lord and Richards Wealth Management, LLC, a Registered Investment Adviser.

Social Security is the most searched retirement topic in America — and for good reason. The rules are complex, the stakes are high, and one wrong move can permanently reduce your income. In this episode of The Lord and Richards Show, CEO Colin Richards and co-host Dylan Schoonover break down how Social Security really works, how to coordinate benefits with your spouse, and how pensions or private “personal pensions” fit into a complete retirement income plan.

We cover:

• The truth about maximizing vs optimizing Social Security — and why they are not the same

• How to decide when to take benefits when you don’t know your life expectancy

• Spousal and survivor benefits, the 10-year marriage rule, and how multiple marriages affect eligibility

• How early filing penalties and delayed credits (up to 8% per year) impact your lifelong income

• How Social Security interacts with IRAs, 401(k)s, Roth accounts, and taxes

• How to create a “private pension” using safe income strategies if your employer doesn’t offer one

• Why blended planning across Social Security, pensions, and your portfolio puts the most money in your pocket over time

🎧 Tune in to learn how to build a coordinated retirement income plan that supports your values, protects your family, and creates long-term financial freedom.

Learn more: https://lordandrichards.com/

Call for your complimentary Retirement Freedom Review: 720-372-0400

Investment Advisory Services offered through Lord and Richards Wealth Management, LLC, a Registered Investment Adviser.

Health care is one of the biggest wild cards in retirement, and long term care costs can quietly threaten everything you have worked for. In this episode of The Lord and Richards Show, CEO Colin Richards and co-host Dylan Schoonover unpack how chronic illness, Medicare and Medicaid rules, and long term care expenses impact your retirement plan and how to use leverage and biblical wisdom to protect both your health and your wealth.

We cover:

• The difference between acute health events and chronic illness in retirement

• How Medicare and Medicaid really work for long term care and why Medicaid often requires spending down assets

• Why nursing home and skilled care costs can quickly reach six figures per year

• How chronic illness riders and Medicaid Asset Protection Trusts can help shield family wealth

• Using “other people’s money” through life insurance and annuity strategies to pay for future care

• When self-funding long term care might be realistic and when leverage makes more sense

• How proactive planning can free up resources for stem cell therapy, PRP, and other health-boosting treatments

• The critical role of powers of attorney, health care directives, and planning ahead so loved ones are not forced into crisis decisions

🎧 Tune in to learn how to align your health care plan with your values, protect your spouse and family, and build a retirement that supports both financial freedom and freedom of health.

Learn more: https://lordandrichards.com/

Call for your complimentary Retirement Freedom Review: 720-372-0400

Investment Advisory Services offered through Lord and Richards Wealth Management, LLC, a Registered Investment Adviser.

Too many retirees carry Wall Street level risk with retirement level income needs. 📉 In this episode of The Lord and Richards Show, CEO Colin Richards and co-host Dylan Schoonover unpack why affluent investors often have far too much downside exposure in the distribution phase and how to realign your portfolio with your true comfort level and long term plan.

We cover:

• Why many retirees have more risk than their plan can mathematically support

• How 30+ years of market history and 10,000 portfolio stress tests reveal hidden danger

• The Lord and Richards “safety percentage” and how to define your personal loss limit

• Asset allocation vs. asset location and why the purpose of money should dictate where you put it

• The barbell approach to balance guaranteed income, growth assets, and liquidity

• How holistic planning ties together risk, income, taxes, health care, and estate planning

🎧 Tune in to learn how to right size your risk, protect what you have built, and design a portfolio that helps you sleep at night and live with confidence in retirement.

Learn more: https://lordandrichards.com/

Call for your complimentary Retirement Freedom Review: 720-372-0400

Investment Advisory Services offered through Lord and Richards Wealth Management, LLC, a Registered Investment Adviser.

Estate planning isn’t just about having a will—it’s about making sure your loved ones are protected and your wealth stays where it belongs. In this episode of The Lord and Richards Show, CEO Colin Richards and co-host Dylan Schoonover reveal how to keep your estate out of probate, avoid unnecessary taxes, and pass your assets efficiently and intentionally.

We cover:

• Why a will alone doesn’t keep you out of probate

• The difference between revocable and irrevocable trusts

• Power of Attorney and health care directives every family needs

• How to shield assets from taxes and long-term care costs

• Why updating your plan regularly matters

• Free estate planning tools available for Lord and Richards clients

🎧 Tune in to learn how to simplify estate planning, protect your family, and keep your legacy intact—without paying more than you need to.

Learn more: https://lordandrichards.com/

Call for your complimentary Retirement Freedom Review: 720-372-0400

Investment Advisory Services offered through Lord and Richards Wealth Management, LLC, a Registered Investment Adviser.

Inflation can quietly erode your lifestyle — but with the right plan, you can stay ahead. In this episode of The Lord and Richards Show, CEO Colin Richards and co-host Dylan Schoonover explain how to protect your income, maintain purchasing power, and grow your wealth even as prices climb. Discover how to balance safety and growth through the powerful “barbell strategy” and turn uncertainty into confidence.

We cover:

• Why inflation should be part of your plan — not a reason to panic

• How to protect core income while still pursuing smart growth

• The barbell approach: safety for essentials, growth for goals

• How to align income, taxes, and Medicare costs

• Turning a “budget” into a Retirement Freedom Expense Report

• Building a portfolio that thrives through all market conditions

🎧 Tune in to learn how to inflation-proof your retirement and secure lasting financial freedom — no matter what the economy does.

Learn more: https://lordandrichards.com/

Call for your complimentary Retirement Freedom Review: 720-372-0400

Investment Advisory Services offered through Lord and Richards Wealth Management, LLC, a Registered Investment Adviser.

The IRS will always take its share — unless you plan smarter.

💡 In this episode of The Lord and Richards Show, CEO Colin Richards and Dylan Schoonover reveal how high savers can legally reduce lifetime taxes and protect their wealth through strategic Roth conversions, smart timing, and charitable planning.

We cover:

• The 3 tax buckets: taxable, tax-deferred, and tax-free

• Why many retirees never drop tax brackets (and how to fix it)

• How to use Roth conversions before RMDs hit

• The “tax time bomb” and how to protect your heirs

• Donor-advised funds and other charitable strategies

• State tax moves and estate planning essentials

🎧 Tune in to learn how to move your money from forever taxed to never taxed again — and create a plan that keeps more of your income where it belongs: with you.

Learn more: https://lordandrichards.com/

Call for your complimentary Retirement Freedom Review: 720-372-0400

Investment Advisory Services offered through Lord and Richards Wealth Management, LLC, a Registered Investment Adviser