My Smart Retirement

On today’s show, we are answering some of your questions. If you have any questions, please feel free to send us a message on our site so we can help answer you, too!

For now, listen to learn what you should do when your advisor doesn’t seem to know how to answer your questions and what to think about when you and your spouse are no longer on the same page about retirement.

Here’s some of what you’ll learn in this episode:

• When should you think about starting your social security? (2:13)
• What if your spouse wants to retire earlier than expected? (7:02)
• Should you buy term, universal, or whole life insurance? (12:06)

Today we are going to be talking about Medicare Insurance. We all need coverage, and unfortunately, insurance coverage can be a mystery to most because it can become so complicated.

Let’s go over some of the basics of Medicare including some of your options, how they work, and some experiences that have been shared with me.

Here’s some of what you’ll learn in this episode:

• The four parts of Medicare. (2:56)
• What are the pros and cons of the options available to you? (6:55)
• Here we help you understand something people are often confused by with Medicare. (14:55)

Happy Thanksgiving! In honor of Thanksgiving, this episode is dedicated to learning about the pilgrims that risked their lives to voyage to new lands.

Listen to learn details about their lives that many do not know, and gain insight into their living conditions, lifestyle, and the journey they embarked on.

Here’s some of what you’ll learn in this episode:

• Have you heard the story of Richard Warren? (10:51)
• Learn about Francis Cook, a gentleman who signed the Mayflower Compact. (13:12)
• The sad story of Edward Fuller and his wife. (15:16)

Talking to our children about money can be difficult. Especially discussing our own net worth and what will be left to them.

Many people fear their children will only care about their money, they might lose the drive to work, or they simply feel it’s none of their business. Well, the flip side of this is that your children could end up with a large sum of money and no knowledge as to how to manage it.

In this episode, we will discuss a happy medium between these two scenarios so you can help your children leave their own legacy one day.

Here’s some of what you’ll learn in this episode:

• How to navigate telling your children about your money. (1:44)
• This is what can happen when you wait too long to talk to your children. (4:54)
• Parents who teach their children about healthy financial habits. (8:27)

Today we will be discussing personal finances. People tend to dread this conversation, even if they have a large amount of money saved. All of your financial decisions and activities have an effect on your financial future

There are some financial “rules” that can help keep you on track to achieve your specific goals. Of course, every situation is different, but these are guidelines that have stood the test of time and could be a good starting point for many of you.

Here’s some of what you’ll learn in this episode:

• Why you should calculate your net worth and how to do it. (4:46)
• How we track your progression throughout retirement. (6:44)
• What you should know about managing “lifestyle inflation”. (9:03)

For more information: https://www.flemingfinancialservices.com/podcast

Spoiler Alert: In The Sixth Sense, many of us know the famous plot line where a boy shares that he can see dead people, and the character played by Bruce Willis tries to help him, but we find out later that he was dead all along. In the beginning of the movie, we see Bruce Willis get shot and we never see him recover, but somehow we still don’t understand that he is a ghost until the “secret” is revealed.

Just like the movie, there are secrets in life, specifically the financial industry, that are out in the open for the world to see but are often missed. In this episode, we will discuss how people respond to information that they are convinced matters, but might not actually be what they think.

Here’s some of what you’ll learn in this episode:

• A lot of times people don’t truly understand the history of the market. (3:01)
• Most of the things we argue about, really aren’t that important. (5:10)
• Here we share the story of a client that ended up with ‘paralysis by analysis’. (10:33)

For more information: https://www.flemingfinancialservices.com/podcast

Navigating retirement planning can be overwhelming for some. We like to open our door to questions from our listeners so we can offer you educational answers that could help you on your journey to retirement.

Today, we will discuss the different types of investors: Aggressive and conservative. We will also touch base on different investment options you may have, as well as when to retire.

Here’s some of what you’ll learn in this episode:

• At what age should an aggressive investor start to become more conservative? (3:34)
• Here you can learn about what to do when your company starts to offer a Roth option. (9:20)
• If I can retire at 60, but most people retire around 65, should I wait? (12:35)

For more information: https://www.flemingfinancialservices.com/podcast

Why do people fall into financial traps or hardships? We don’t have all the answers, but we do have some guidance that might help you to avoid them yourself.

There are a ton of gimmicks that entrap investors into paying large amounts of money for courses or information. These may have worked for a few, but they often hurt more than they help if you don’t have the aptitude for investing. In this episode, we will touch base on the different scenarios that often end up hurting people’s retirement portfolios

Here’s some of what you’ll learn in this episode:

• Here we discuss different income replacement strategies. (4:10)
• Financial planning is a collaborative effort, just be sure you’re getting help from the right places. (6:48)
• Have you considered long-term care in your retirement plan? (13:01)

For more information: https://www.flemingfinancialservices.com/podcast

People have many reasons for procrastinating when it comes to putting a retirement plan together. Let’s explore some of those excuses, why they can be dangerous, and talk about how to overcome them.

Knowledge is power when it comes to financial planning, just like gardening. You’ll want to know everything you should, before putting seeds in the ground, so you’re set up for success when you are ready to harvest. We are here to guide you through each step of the process so your harvest will be plentiful when retirement comes.

Here’s some of what you’ll learn in this episode:

• How some could benefit from deferring taxes now. (2:23)
• Should you pay off your house early? (6:33)
• Should you claim Social Security early? (7:57)
• Could you live without a budget in retirement? (14:10)

For more information: https://www.flemingfinancialservices.com/podcast

While some people are eagerly waiting for retirement, or are already blissfully enjoying their newfound leisure, others can’t imagine leaving their careers. We have heard people say they fear they would be bored if they retire. Can you relate?

The other concern some pre-retirees have is insufficient funds. If you don’t have at least one million dollars saved/invested, will you still be able to retire? Well, it’s definitely possible! In this episode, we will dig deeper into the scenarios that might be getting in your way to retirement.

Here’s some of what you’ll learn in this episode:

• It’s becoming more common for our clients to retire sooner than they expected. (0:23)
• What if you love what you do, and aren’t ready to give it up? (2:16)
• Are you worried that retirement will be boring? (5:30)
• Some people feel they don’t have enough money to retire because they think they need more than they really do. (9:26)

For more information: https://www.flemingfinancialservices.com/podcast