Retirement isn’t the end—it’s the beginning of a new adventure! In this episode, we explore how to bring passion and purpose into your next chapter. Learn six practical tips to stay engaged, turn interests into meaningful activities, and create a fulfilling retirement on your terms. Whether you're nearing retirement or already there, these strategies will help you design a life you love.  

Here’s what we’ll cover:  ✅ Exploring new passions and interests ✅ Starting small to avoid feeling overwhelmed ✅ Turning hobbies into meaningful activities ✅ Giving back through volunteering or philanthropy ✅ Overcoming common retirement challenges like loss of identity and lack of structure 

Check out the ESME Foundation: https://sites.google.com/view/esme-young-authors/home 

🔗 Get access to our FREE financial planning tool: https://bit.ly/getfinancialplan   📖 Check out my book, The Early Start Retirement Plan, on Amazon: https://amzn.to/3TealtO  

🔔 Subscribe for more retirement planning tips! https://bit.ly/NavigateWeeklyNewsletter  

NEW RELEASE:  THE EARLY START RETIREMENT PLAN  

Visit https://www.EarlyStartRetirement.com  

Take the Retirement Readiness Quiz!  

Start YOUR FREE Financial Plan Today:  

Now available – FREE ACCESS – to a Financial Planning Tool:  

Click here:  https://bit.ly/GetFinancialPlan  

Connect with Danette Lowe, CFP®   

https://linktr.ee/trunorthwealth  

Visit Our Website:  https://www.TruNorthWealth.com  

Follow Us on Facebook:  https://www.facebook.com/TruNorthRetirementPlanning  

About Danette:  

Professional Journey- As the President and a CERTIFIED FINANCIAL PLANNER® professional at TruNorth Wealth Management, LLC, I've found my calling in helping pre-retirees confidently navigate the crucial decision of retirement. Our team is dedicated to guiding family-oriented couples from being net savers to net spenders.  We invite you to join our extended family and experience the TruNorth Wealth difference.  

Danette Lowe, CFP®  

Founder – Wealth Advisor  

TruNorth Wealth Management, LLC  

1662 Hwy 395 N, Suite 203, Minden, NV  89423  

Connect with Danette @ https://linktr.ee/trunorthwealth  

This podcast is for informational purposes only.  The situations used herein do not constitute a recommendation as to the suitability of any investment for any person or persons having circumstances similar to those portrayed, and a financial advisor should be consulted for your specific situation.  Neither Commonwealth Financial Network nor your representative provides tax advice.  

Securities and advisory services offered through Commonwealth Financial Network®, Member FINRA/SIPC, a Registered Investment Adviser.   

Budgeting for retirement doesn’t have to feel overwhelming! In this episode of Ready to Retire!, I’m sharing practical strategies to help you manage your income in retirement—without sacrificing the lifestyle you’ve worked so hard to build.

Many retirees worry about living on a “fixed income,” but I encourage you to think of it as a flexible income stream instead. We’ll talk about how to structure your income sources, account for inflation, and plan for unexpected expenses while still having room for travel, hobbies, and fun.

Here’s what we’ll cover: ✔️ Why budgeting in retirement is different from when you were working ✔️ How to shift your mindset from “fixed income” to “flexible income” ✔️ The biggest challenges retirees face—and how to solve them ✔️ How to map out your income streams and avoid common mistakes ✔️ Why delaying Social Security can help maximize your benefits ✔️ The importance of an emergency reserve—even in retirement

Budgeting is about freedom, not restriction. With the right plan, you can retire with confidence, knowing your money will last.

🔗 Get access to our FREE financial planning tool: https://bit.ly/getfinancialplan 📖 Check out my book, The Early Start Retirement Plan, on Amazon: https://amzn.to/3TealtO

Let’s make sure your budget supports the retirement adventure you deserve!

🔔 Subscribe for more retirement planning tips! https://bit.ly/NavigateWeeklyNewsletter

#RetirementBudgeting #SmartRetirement #RetirementPlanning #FinancialFreedom #ReadyToRetire

NEW RELEASE:  THE EARLY START RETIREMENT PLAN

Visit https://www.EarlyStartRetirement.com

Take the Retirement Readiness Quiz!

Start YOUR FREE Financial Plan Today:

Now available – FREE ACCESS – to a Financial Planning Tool:

Click here:  https://bit.ly/GetFinancialPlan

Connect with Danette Lowe, CFP®

https://linktr.ee/trunorthwealth

Visit Our Website:  https://www.TruNorthWealth.com

Follow Us on Facebook:

https://www.facebook.com/TruNorthRetirementPlanning

About Danette:

Professional Journey- As the President and a CERTIFIED FINANCIAL PLANNER™ professional at TruNorth Wealth Management, LLC, I've found my calling in helping pre-retirees confidently navigate the crucial decision of retirement. Our team is dedicated to guiding family-oriented couples from being net savers to net spenders.  We invite you to join our extended family and experience the TruNorth Wealth difference.

Danette Lowe, CFP®

Founder – Wealth Advisor

TruNorth Wealth Management, LLC

1662 Hwy 395 N, Suite 203, Minden, NV  89423

Connect with Danette @ https://linktr.ee/trunorthwealth

This podcast is for informational purposes only.  The situations used herein do not constitute a recommendation as to the suitability of any investment for any person or persons having circumstances similar to those portrayed, and a financial advisor should be consulted for your specific situation.  Neither Commonwealth Financial Network nor your representative provides tax advice.

Securities and advisory services offered through Commonwealth Financial Network®, Member FINRA/SIPC, a Registered Investment Adviser.

Losing both parents is a challenging time, and managing the family estate as the successor trustee can feel overwhelming—especially when sibling tensions arise. In this episode, Danette shares a step-by-step guide to settling an estate, from obtaining death certificates to distributing assets, and offers five practical strategies to ease sibling conflicts. With tips on fostering collaboration, maintaining open communication, and setting boundaries, this episode is designed to help preserve family relationships during a difficult process.

Check the show notes for helpful checklists and resources.…

Helpful checklists for Administering a Trust:

Death of a Family Member Checklist   

Successor Trustee Tips 

Survivor’s Reminders: Death of a Spouse 

https://earlystartretirement.com/#:~:text=ESTATE%20SETTLEMENT%20RESOURCES 

NEW RELEASE:  THE EARLY START RETIREMENT PLAN

Visit https://www.EarlyStartRetirement.com

Take the Retirement Readiness Quiz!

Start YOUR FREE Financial Plan Today:

Now available – FREE ACCESS – to a Financial Planning Tool:

Click here:  https://bit.ly/GetFinancialPlan

Connect with Danette Lowe, CFP®

https://linktr.ee/trunorthwealth

Visit Our Website:  https://www.TruNorthWealth.com

Understanding the Estate Settlement Process

Danette outlines the fundamental steps required to settle an estate, including:

• Obtaining death certificates – A crucial first step, as they are required for financial institutions, insurance claims, and legal processes.
• Locating estate planning documents – Identifying whether a will or trust exists and understanding the legal framework for distributing assets.
• Opening probate (if necessary) – Determining whether probate is required based on asset ownership and beneficiary designations.
• Notifying relevant parties – Informing financial advisors, accountants, government agencies, and other professionals involved in your parents’ financial matters.
• Securing the estate – Ensuring that assets, such as a family home, are protected throughout the process.
• Taking inventory of assets and liabilities – Tracking financial accounts, debts, and investments to properly settle the estate.
• Settling outstanding debts and taxes – Addressing any final expenses, required tax filings, or outstanding distributions before closing the estate.
• Distributing the estate – Ensuring assets are distributed according to the terms of the trust or will.
• Closing the estate – Finalizing paperwork, keeping detailed records, and ensuring all legal and financial responsibilities are completed.

While these steps provide a general roadmap, Danette emphasizes that the process can take several months and often requires professional guidance from a financial advisor, attorney, and CPA.

Managing Sibling Tensions During Estate Settlement

One of the most challenging aspects of estate administration is navigating sibling relationships. Many families experience tension as emotions run high and financial concerns arise. To help maintain peace and prevent conflicts from escalating, Danette shares five key strategies:

1. Open and Transparent Communication – Keeping siblings informed throughout the process can reduce uncertainty and conflict. Regular updates—such as a scheduled weekly family Zoom call—help manage expectations and prevent misunderstandings.
2. Seek Professional Guidance – Involving financial, legal, and tax professionals can act as a buffer, helping to address complex issues and provide neutral, expert advice. This can also deflect pressure from siblings onto third-party professionals rather than the trustee.
3. Understand and Follow the Trust or Will – The trust or will outlines your parents’ wishes, and adhering strictly to these legal documents can help manage disputes. Referring back to the official terms can prevent misunderstandings and ensure fair treatment.
4. Foster a Collaborative Approach – Encourage family members to work together and set a shared intention of preserving relationships. If tensions run high, consider hiring a corporate trustee to handle the administration, keeping all siblings on the same side of the process.
5. Set Clear Boundaries and Roles – Define responsibilities early on, assigning siblings tasks where possible to involve them constructively. Setting boundaries around communication—such as designated times for estate discussions—can also help reduce stress.

Final Thoughts

While estate settlement can be complex and emotionally charged, Danette encourages listeners to focus on preserving family bonds. The process is already difficult due to the loss of loved ones, and maintaining open communication, setting clear expectations, and seeking professional support can help families navigate this transition more smoothly.

Follow Us on Facebook:

https://www.facebook.com/TruNorthRetirementPlanning

About Danette:

Professional Journey- As the President and a CERTIFIED FINANCIAL PLANNER™ professional at TruNorth Wealth Management, LLC, I've found my calling in helping pre-retirees confidently navigate the crucial decision of retirement. Our team is dedicated to guiding family-oriented couples from being net savers to net spenders.  We invite you to join our extended family and experience the TruNorth Wealth difference.

Danette Lowe, CFP®

Founder – Wealth Advisor

TruNorth Wealth Management, LLC

1662 Hwy 395 N, Suite 203, Minden, NV  89423

Connect with Danette @ https://linktr.ee/trunorthwealth

This podcast is for informational purposes only.  The situations used herein do not constitute a recommendation as to the suitability of any investment for any person or persons having circumstances similar to those portrayed, and a financial advisor should be consulted for your specific situation.  Neither Commonwealth Financial Network nor your representative provides tax advice.

Securities and advisory services offered through Commonwealth Financial Network®, Member FINRA/SIPC, a Registered Investment Adviser.

Are you looking for fresh ways to boost your income before retirement? In this episode, we explore five fun, practical ways to add to your cash flow without taking on the weight of a second job. Whether you’re saving to retire early, dreaming of shifting into a passion project, or just want a bit more financial freedom, these tips can help you get there in a way that aligns with your current lifestyle…

NEW RELEASE:  THE EARLY START RETIREMENT PLAN

Visit https://www.EarlyStartRetirement.com

Take the Retirement Readiness Quiz!

Start YOUR FREE Financial Plan Today:

Now available – FREE ACCESS – to a Financial Planning Tool:

Click here:  https://bit.ly/GetFinancialPlan

Connect with Danette Lowe, CFP®

https://linktr.ee/trunorthwealth

Visit Our Website:  https://www.TruNorthWealth.com

1. Hobby Hustle

Turn your hobbies into a side income! Whether it’s crafting, gardening, or painting, hobbies can often be transformed into small businesses. Hear how my mom’s candle-making hobby became a successful Etsy shop and discover tips on how to share your creations with others.

2. Holiday Haven

Consider investing in a vacation rental. If you own property in a desirable location, renting it out part-time can generate significant extra income. We dive into location tips, property management ideas, and unique amenities that make your rental stand out.

3. Broadcast Brilliance

Have a story to tell or knowledge to share? Starting a blog or podcast is simpler than ever and can eventually lead to ad revenue, affiliate income, or even your own product sales. I share my journey of podcasting and how it led to writing my book, The Early Start Retirement Plan.

4. E-Commerce Extravaganza

Create and sell products online! From digital downloads to handmade goods, e-commerce offers endless possibilities. Platforms like Etsy and eBay make it easy to showcase your work, while SEO and social media can help you attract customers.

5. Teaching Treasures

Use your skills to teach others! Coaching, tutoring, or teaching classes—whether online or in-person—can be both fulfilling and profitable. Whether it’s academic subjects or a beloved hobby, this can be a rewarding way to share your expertise.

Each strategy is designed to fit smoothly into your life now, adding value and setting the stage for a fulfilling retirement. With personal stories, actionable tips, and easy-to-follow guidance, these simple ideas will help you elevate your financial future. So grab your notebook, sit back, and let’s dive into these tips for pre-retirement income!

Follow Us on Facebook:

https://www.facebook.com/TruNorthRetirementPlanning

About Danette:

Professional Journey- As the President and a CERTIFIED FINANCIAL PLANNER™ professional at TruNorth Wealth Management, LLC, I've found my calling in helping pre-retirees confidently navigate the crucial decision of retirement. Our team is dedicated to guiding family-oriented couples from being net savers to net spenders.  We invite you to join our extended family and experience the TruNorth Wealth difference.

Danette Lowe, CFP®

Founder – Wealth Advisor

TruNorth Wealth Management, LLC

1662 HWY 395 N, Suite 203, Minden, NV  89423

Connect with Danette @ https://linktr.ee/trunorthwealth

This podcast is for informational purposes only.  The situations used herein do not constitute a recommendation as to the suitability of any investment for any person or persons having circumstances similar to those portrayed, and a financial advisor should be consulted for your specific situation.  Neither Commonwealth Financial Network nor your representative provides tax advice.

Securities and advisory services offered through Commonwealth Financial Network®, Member FINRA/SIPC, a Registered Investment Adviser.

Today we dive into the crucial topic of retirement planning for married couples. With the challenge of harmonizing two different perspectives on retirement, this episode offers valuable strategies to increase savings and ensure a comfortable retirement…

Click here to Download Your FREE “3 Steps” to Plan an Epic Retirement Worksheet:  https://www.trunorthwealth.com/newsletter-signup

What’s included:  3 Steps to Planning an EPIC Retirement

Step 1:  How will You Spend Your Time?

Step 2:  Identify Your Income & Expenses

Step 3:  Putting it all Together

Start YOUR FREE Financial Plan Today:

Now available – FREE ACCESS – to a Financial Planning Tool:

Click here:  https://bit.ly/GetFinancialPlan

Connect with Danette Lowe, CFP®

https://linktr.ee/trunorthwealth

Visit Our Website:  https://www.TruNorthWealth.com

Episode Summary:

We kick off with a discussion on a recent T. Rowe Price study, which benchmarks the ideal savings by age for both single individuals and married couples. For instance, at age 55, you should have five times your annual income saved, and by 65, it should be eight and a half times. Danette breaks down these figures with real-world examples, providing a clear starting point for retirement planning.

T. Rowe Price Benchmark Study: https://trowe.com/3vEJiyM

IRS Contribution Limits 2024:

https://www.irs.gov/newsroom/401k-limit-increases-to-23000-for-2024-ira-limit-rises-to-7000

The episode then guides you through practical steps to assess your financial status, including creating a Statement of Net Worth and analyzing monthly spending.

Here are 5 Strategies to Maximize Savings for Couples in 2024:

Maximize 401k and IRA Contributions: Understanding the impact of the SECURE Act 2.0 on retirement savings.

Pay Yourself First: Leveraging automatic transfers and incremental savings increases.

Eliminate High-Interest Debt: Starting with the smallest balances and working up.

Smart Management of Car Expenses: Sharing a successful strategy for car payments and savings.

Utilize IRAs Efficiently: Exploring the benefits of spousal and Roth IRAs.

Each strategy is accompanied by real-life examples and practical advice.

If you found this episode helpful, please give us a thumbs up. For more insights and advice on retirement planning, don't forget to subscribe and join us in the next episode of "Ready to Retire!".

Follow Us on Facebook:

https://www.facebook.com/TruNorthRetirementPlanning

About Danette:  https://tinyurl.com/28pg94tt/

Professional Journey- As the President and a CERTIFIED FINANCIAL PLANNER™ professional at TruNorth Wealth Management, LLC, I've found my calling in helping pre-retirees confidently navigate the crucial decision of retirement. Our team is dedicated to guiding family-oriented couples from being net savers to net spenders.  We invite you to join our extended family and experience the TruNorth Wealth difference.

Danette Lowe, CFP®

Founder – Wealth Advisor

TruNorth Wealth Management, LLC

1662 HWY 395 N, Suite 203, Minden, NV  89423

Connect with Danette @ https://linktr.ee/trunorthwealth

This podcast is for informational purposes only.  The situations used herein do not constitute a recommendation as to the suitability of any investment for any person or persons having circumstances similar to those portrayed, and a financial advisor should be consulted for your specific situation.  Neither Commonwealth Financial Network nor your representative provides tax advice.

Securities and advisory services offered through Commonwealth Financial Network®, Member FINRA/SIPC, a Registered Investment Adviser.

Traditional IRA vs. Roth IRA – Which one is better?

In this episode, Danette explores the decision between investing in a Traditional IRA, which offers immediate tax deductions but taxes gains upon withdrawal, and a Roth IRA, which doesn't provide tax deductions on contributions, but offers tax-free gains.

Click here to Download Your FREE “3 Steps” to Plan an Epic Retirement Worksheet:  https://www.trunorthwealth.com/newsletter-signup

What’s included:  3 Steps to Planning an EPIC Retirement

Step 1:  How will You Spend Your Time?

Step 2:  Identify Your Income & Expenses

Step 3:  Putting it all Together

Start YOUR FREE Financial Plan Today:

Now available – FREE ACCESS – to a Financial Planning Tool:

Click here:  https://bit.ly/GetFinancialPlan

Connect with Danette Lowe, CFP®

https://linktr.ee/trunorthwealth

Visit Our Website:  https://www.TruNorthWealth.com

Episode Summary:

She discusses the pros and cons of each option and the benefits of a Roth conversion for those who are not eligible for direct Roth contributions.

The episode delves into the strategies for managing taxes during a Roth conversion, including staggered conversions and using non-IRA funds to cover the tax liability.

Danette emphasizes the potential benefits of converting during market downturns and the implications of recent legislative changes.

Danette recommends consulting with a financial advisor to determine the best retirement savings strategy based on individual circumstances, whether it involves Traditional IRAs, Roth IRAs, or Roth conversions.

Follow Us on Facebook:

https://www.facebook.com/TruNorthRetirementPlanning

About Danette:  https://tinyurl.com/28pg94tt/

Professional Journey- As the President and a CERTIFIED FINANCIAL PLANNER™ professional at TruNorth Wealth Management, LLC, I've found my calling in helping pre-retirees confidently navigate the crucial decision of retirement. Our team is dedicated to guiding family-oriented couples from being net savers to net spenders.  We invite you to join our extended family and experience the TruNorth Wealth difference.

Danette Lowe, CFP®

Founder – Wealth Advisor

TruNorth Wealth Management, LLC

1662 HWY 395 N, Suite 203, Minden, NV  89423

Connect with Danette @ https://linktr.ee/trunorthwealth

This podcast is for informational purposes only.  The situations used herein do not constitute a recommendation as to the suitability of any investment for any person or persons having circumstances similar to those portrayed, and a financial advisor should be consulted for your specific situation.  Neither Commonwealth Financial Network nor your representative provides tax advice.

Securities and advisory services offered through Commonwealth Financial Network®, Member FINRA/SIPC, a Registered Investment Adviser.

In this episode, we explore practical strategies to alleviate the financial strain that often accompanies five major life transitions:

Relocating to new places

Navigating career or job changes

Managing finances through relationship shifts

Coping with unexpected health events

Finding stability during times of loss or grief.

Tune in to discover expert insights and actionable tips for achieving financial peace of mind during these pivotal moments in life.

Start YOUR FREE Financial Plan Today:

Now available – FREE ACCESS – to a Financial Planning Tool:

Click here:  https://bit.ly/GetFinancialPlan

Connect with Danette Lowe, CFP®

https://linktr.ee/trunorthwealth

Visit Our Website:  https://www.TruNorthWealth.com

Episode Summary:

In this episode of the Ready to Retire podcast, Danette explores the financial implications of five major life transitions: relocation, career or job changes, relationship changes, health events, and loss or grief events.

She emphasizes the importance of having a solid financial plan in place to navigate these transitions.  Danette also offers practical advice, such as the significance of health insurance decisions, managing old 401(k) plans, and considering life insurance during career changes.

She discusses the financial aspects of relocating, including trust updates and home investments, and highlights the importance of self-care during health transitions.  In times of relationship changes, Danette emphasizes the need to reevaluate asset titling and life insurance.

Lastly, she addresses the challenges of grief and loss transitions, urging caution in making major decisions and recommending journaling as a helpful tool.

This episode provides valuable guidance on managing finances during life's most significant changes.

Follow Us on Facebook:

https://www.facebook.com/TruNorthRetirementPlanning

About Danette:  https://tinyurl.com/28pg94tt/

Professional Journey- As the President and a CERTIFIED FINANCIAL PLANNER™ professional at TruNorth Wealth Management, LLC, I've found my calling in helping pre-retirees confidently navigate the crucial decision of retirement. Our team is dedicated to guiding family-oriented couples from being net savers to net spenders.  We invite you to join our extended family and experience the TruNorth Wealth difference.

Danette Lowe, CFP®

Founder – Wealth Advisor

TruNorth Wealth Management, LLC

1662 HWY 395 N, Suite 203, Minden, NV  89423

Connect with Danette @ https://linktr.ee/trunorthwealth

This podcast is for informational purposes only.  The situations used herein do not constitute a recommendation as to the suitability of any investment for any person or persons having circumstances similar to those portrayed, and a financial advisor should be consulted for your specific situation.  Neither Commonwealth Financial Network nor your representative provides tax advice.

Securities and advisory services offered through Commonwealth Financial Network®, Member FINRA/SIPC, a Registered Investment Adviser.

Don't miss out on these easy steps that can make a big difference in your financial journey.  Uncover practical strategies, in our 1 YEAR Anniversary Episode, that can boost your wealth while fitting into your busy schedule. The episode explores hidden wealth-building gems to help you achieve prosperity.

Click here to Download Your FREE “3 Steps” to Plan an Epic Retirement Worksheet:  https://www.trunorthwealth.com/newsletter-signup

What’s included:  3 Steps to Planning an EPIC Retirement

Step 1:  How will You Spend Your Time?

Step 2:  Identify Your Income & Expenses

Step 3:  Putting it all Together

Start YOUR FREE Financial Plan Today:

Now available – FREE ACCESS – to a Financial Planning Tool:

Click here:  https://bit.ly/GetFinancialPlan

Connect with Danette Lowe, CFP®

https://linktr.ee/trunorthwealth

Visit Our Website:  https://www.TruNorthWealth.com

Episode Summary:

Top 10 Tips Countdown for Financial Education:

The Ready to Retire podcast's one-year anniversary episode offers listeners the top 10 actionable financial tips, insights into the podcast's purpose, and plans for the future.  It underscores the importance of self-awareness, informed decision-making, continuous learning, and disciplined financial habits to achieve a secure retirement and overall financial well-being.

10. Know Your Biases: Understand personal beliefs and biases that impact financial decisions.

9. Take a Financial Inventory: Assess assets, liabilities, net worth, income, expenses, and insurance.

8. Determine Risk Tolerance: Utilize a risk tolerance assessment to gauge investment comfort levels.

7. Regularly Update Beneficiaries: Importance of keeping beneficiary designations current to avoid complications.

6. Incrementally Increase Savings: Gradually raise savings contributions to improve financial health.

5. Allocate Time for Financial Literacy: Set aside a day each month to enhance financial knowledge.

4. Exercise Caution After Life Quakes: Avoid making significant financial decisions during emotional transitions.

3. Balance Your Checkbook: Monitor transactions to understand spending patterns and catch errors early.

2. Keep Financial Documents Updated: Maintain an organized central location for essential financial documents.

1. Spend Less Than You Earn: Practice disciplined spending and avoid financial risks.

Future Plans for the Podcast:

Introducing interviews with fellow financial advisors for diverse perspectives.

Advancing to more advanced financial planning topics.

Bonus Tips:

1.         Maintain Financial Responsibility: Encourage both partners in a relationship to stay informed about finances.

2.         Prioritize Retirement Over Adult Children: Avoid compromising retirement by over-assisting adult children.

3.         Guard Against Online Scammers: Stay vigilant against evolving online scams.

Follow Us on Facebook:

https://www.facebook.com/TruNorthRetirementPlanning

About Danette:  https://tinyurl.com/28pg94tt/

Professional Journey- As the President and a CERTIFIED FINANCIAL PLANNER™ professional at TruNorth Wealth Management, LLC, I've found my calling in helping pre-retirees confidently navigate the crucial decision of retirement. Our team is dedicated to guiding family-oriented couples from being net savers to net spenders.  We invite you to join our extended family and experience the TruNorth Wealth difference.

Danette Lowe, CFP®

Founder – Wealth Advisor

TruNorth Wealth Management, LLC

1662 HWY 395 N, Suite 203, Minden, NV  89423

Connect with Danette @ https://linktr.ee/trunorthwealth

This podcast is for informational purposes only.  The situations used herein do not constitute a recommendation as to the suitability of any investment for any person or persons having circumstances similar to those portrayed, and a financial advisor should be consulted for your specific situation.  Neither Commonwealth Financial Network nor your representative provides tax advice.

Securities and advisory services offered through Commonwealth Financial Network®, Member FINRA/SIPC, a Registered Investment Adviser.

In this exciting episode, we'll be delving deep into the risks of long-term investing and equipping you with eight powerful strategies to reduce them.

Click here to Download Your FREE “3 Steps” to Plan an Epic Retirement Worksheet:  https://www.trunorthwealth.com/newsletter-signup

What’s included:  3 Steps to Planning an EPIC Retirement

Step 1:  How will You Spend Your Time?

Step 2:  Identify Your Income & Expenses

Step 3:  Putting it all Together

Start YOUR FREE Financial Plan Today:

Now available – FREE ACCESS – to a Financial Planning Tool:

Click here:  https://bit.ly/GetFinancialPlan

Connect with Danette Lowe, CFP®

https://linktr.ee/trunorthwealth

Visit Our Website:  https://www.TruNorthWealth.com

Episode Summary:

Let's start by exploring External Risks - those factors we have limited control over, such as inflation, credit defaults, interest rates, and the unpredictable stock market. On the other hand, Internal Risks are within our grasp, stemming from actions like overspending, neglecting portfolio rebalancing, and succumbing to income inflation.

You won't want to miss our comprehensive coverage of the eight Strategies to Mitigate the Risks highlighted in this episode. From diversification and asset allocation to countering emotional decision-making, we've got your back in managing your investments effectively. We'll also address the risks of procrastination and delayed savings, ensuring you can start saving and set your money to work for you.

Join us on the Ready to Retire Podcast for valuable insights and practical advice on securing your financial future. Whether you're a seasoned investor or just starting your investment journey, these strategies will empower you to make informed decisions and navigate the world of long-term investing with confidence. Tune in now and let's embark on this rewarding journey together!

Follow Us on Facebook:

https://www.facebook.com/TruNorthRetirementPlanning

About Danette:  https://tinyurl.com/28pg94tt/

Professional Journey- As the President and a CERTIFIED FINANCIAL PLANNER™ professional at TruNorth Wealth Management, LLC, I've found my calling in helping pre-retirees confidently navigate the crucial decision of retirement. Our team is dedicated to guiding family-oriented couples from being net savers to net spenders.  We invite you to join our extended family and experience the TruNorth Wealth difference.

Danette Lowe, CFP®

Founder – Wealth Advisor

TruNorth Wealth Management, LLC

1662 HWY 395 N, Suite 203, Minden, NV  89423

Connect with Danette @ https://linktr.ee/trunorthwealth

This podcast is for informational purposes only.  The situations used herein do not constitute a recommendation as to the suitability of any investment for any person or persons having circumstances similar to those portrayed, and a financial advisor should be consulted for your specific situation.  Neither Commonwealth Financial Network nor your representative provides tax advice.

Securities and advisory services offered through Commonwealth Financial Network®, Member FINRA/SIPC, a Registered Investment Adviser.

In this episode of the Ready to Retire! podcast, host Danette Lowe CFP®, shares crucial tips to maximize your Social Security benefits and ensure a financially secure retirement. 

Click here to Download Your FREE “3 Steps” to Plan an Epic Retirement Worksheet:  https://www.trunorthwealth.com/newsletter-signup

What’s included:  3 Steps to Planning an EPIC Retirement

Step 1:  How will You Spend Your Time?

Step 2:  Identify Your Income & Expenses

Step 3:  Putting it all Together

Start YOUR FREE Financial Plan Today:

Now available – FREE ACCESS – to a Financial Planning Tool:

Click here:  https://bit.ly/GetFinancialPlan

Connect with Danette Lowe, CFP®

https://linktr.ee/trunorthwealth

Visit Our Website:  https://www.TruNorthWealth.com

Episode Summary:

Many Americans make common mistakes by starting to claim Social Security without a strategy, potentially leaving thousands of dollars on the table. 

Danette presents five essential tips to know before claiming benefits, covering topics such as eligibility requirements, full retirement age, the early claiming penalty, working during retirement, and spousal benefits. 

She also provides a bonus tip on the windfall elimination provision for those covered by alternative pension plans.

Listeners can access additional resources, including a Social Security statement, retirement age calculation chart, and a free downloadable workbook. By implementing these tips, individuals can make informed decisions and optimize their Social Security benefits for a comfortable retirement.

Follow Us on Facebook:

https://www.facebook.com/TruNorthRetirementPlanning

About Danette:  https://tinyurl.com/28pg94tt/

Professional Journey- As the President and a CERTIFIED FINANCIAL PLANNER™ professional at TruNorth Wealth Management, LLC, I've found my calling in helping pre-retirees confidently navigate the crucial decision of retirement. Our team is dedicated to guiding family-oriented couples from being net savers to net spenders.  We invite you to join our extended family and experience the TruNorth Wealth difference.

Danette Lowe, CFP®

Founder – Wealth Advisor

TruNorth Wealth Management, LLC

1662 HWY 395 N, Suite 203, Minden, NV  89423

Connect with Danette @ https://linktr.ee/trunorthwealth

This podcast is for informational purposes only.  The situations used herein do not constitute a recommendation as to the suitability of any investment for any person or persons having circumstances similar to those portrayed, and a financial advisor should be consulted for your specific situation.  Neither Commonwealth Financial Network nor your representative provides tax advice.

Securities and advisory services offered through Commonwealth Financial Network®, Member FINRA/SIPC, a Registered Investment Adviser.