Ready, Set, Retire!

The #1 fear of planning for retirement is running out of money. We are all living longer which is good news but how can we possibly come up with a realistic retirement plan when we don’t know how many years to plan for?  

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Bloomberg interviewed the head of the Fitch credit rating agency about all the money our federal government has been spending.  And he warns that the bill will eventually come due in the form of spending cuts and higher taxes.  What does that mean for our retirement prospects? 

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Hear why Steve says inflation should be called "man-flation" and what you can do to protect yourself from the negative impact of inflation. 

Then, TAXES! Steve explains his buckets of money approach money that gives YOU tax control. Plus, what are some tax free options you should consider ? 

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It’s a good problem to have, but it’s still a problem:  Research shows that many retirees are spending a lot less than they could be.  Michael Finke, a professor at The American College of Financial Services, tells Yahoo Finance that people seem to be afraid to spend down their nest egg! Hear Steve explain how at times he has to give his clients a "license to spend." Steve also explains how having lifetime income can help eliminate the fear of running out of money and outspending your retirement savings! 

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Kiplinger warns that those of us approaching retirement are facing a “perfect storm”:  Low interest rates and high inflation … the combination of which will force us to take on more market risk than we’re comfortable taking.  How do we navigate that perfect storm? Hear Steve discuss his bucket approach and how he can help you not run out of money! 

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If you’ve been married for any length of time, you know that disagreements come with the territory.  But some disagreements are more serious than others.  Wall Street Journal’s Anne Tergesen says that’s especially true when it comes to deciding how much risk to take with the family nest egg. Steve explains how his bucket approach allows for open communication with couples and how he makes sure that everyone is happy and content with the customized plan he puts together for them. 

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According to Investopedia, if inflation is running at 3% it will eat up 50% of your savings and buying power in just 24 years. We are seeing hyper inflation now more than ever with little signs of slowing down, so what can you do NOW to protect your money if you are currently in or near retirement? 

Hear Steve discuss his overall approach to helping you protect and grow your money - you don't have to be afraid of the inflation monster!  

Then, Steve explains how his tools and strategies can help create income that you can't outlive when the paycheck stops! When should you take your Social Security? Is there a chance SS could disappear? Listen Now! 

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One of the best things about retiring is that you’ll spend less on things like clothing and commuting.  But The Motley Fool says retirees are often surprised to find that some of their expenses actually increase.  Steve discusses some expenses many retiree's forget and how his bucket approach can help you plan for these expenses and most importantly, not run out of money! 

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If you had to guess – right now – how long do you think you’re going to live?  According to the annual “Retirement Readiness Survey,” the average American expects to live to the age of 84.  But actuaries say about a third of today’s 65-year-olds are going to live longer than that … to 90, or beyond!  The point is that none of us know for sure how long we’re going to live, but it could be a lot longer than we think.  So, how do we account for that unknown variable in our retirement planning?

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Steve had the opportunity to sit and chat with NBA legend John Starks! Hear John's talk about being a "grinder" in the game and MORE! 

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