Retire Right With Brad White

Follow the plan. It’s the single most important document you’ll have in retirement, because without it, you’re wandering aimlessly. But a plan is more than a 5-step, 10-step or etc. process. Your retirement plan should have subsections for each plan, to potentially prepare yourself for unseen scenarios that may pop up. And most likely, these unforeseen scenarios will pop up. But again, that’s why it helps to follow the plan, so that you can enjoy your retirement and not have to fret about what happens, because guess what? You have a plan. This show will dive further into what to plan for and how to plan ahead so that no surprises will ruin your time in retirement.

It’s hard to discuss life and death matters with your family, because any loss in family is just too hard to even think about. But not discussing these matters can also bring pain, and sometimes, hardships. Should something happen to you – and especially if you’re the breadwinner – you need to plan ahead not just for your sake, but for the sake of your family. You need to discuss a variety of topics in certain scenarios to make sure you not only hold on to your dignity, but to give the autonomy to your family, and not the government or the courts. In this show, we’ll discuss what needs to be discussed, with whom and the proactive steps you and your family should take to help ensure the family’s legacy stays intact.

Nationally recognized author, Marty Ruby joins the show today. He's from Louisville, Kentucky, he is an actuary and a seasoned financial industry executive with decades of experience.

We’ve all heard that we need to save for retirement. But the end goal seems more elusive today than ever. Is there a way to save that will actually have a larger positive impact on the retirement bottom line? Are there certain financial building blocks that, when put in place now, will help create a retirement portfolio designed to last as long as you do? Today’s show details some of the fundamental, foundational steps people can take to put themselves on solid footing for a fulfilling retirement.

The 401(k) was originally meant to supplement pensions and Social Security, but with employer pensions becoming rarer these days and ongoing debates about the future of Social Security benefits, where does the 401(k) fit in today’s retirement? In this show, we’ll discuss ways to help ensure you optimize your 401(k) benefit to strengthen your retirement plan and some common mistakes to avoid when it comes to contributing to your 401(k).

If you are retiring soon or recently retired, it’s time to shift the fundamental reasoning for how you invest your dollars. Moving from your working career and “paycheck” mode into retirement and “distribution” mode is a serious deal. You might not realize it right away, but when you go from adding to your portfolio and retirement nest egg to taking from it regularly for retirement income, the impact can be felt suddenly. It’s normal to have some hesitancy when it comes to transitioning your investments to coincide with this new phase of your life. Up until now, you have been investing for two primary reasons, to save money and to grow money. Now it’s time to shift that mentality into keeping as much of your money while you spend it. When we think about retirement and what you need to focus on with your money, four things often come to mind, and we think that everyone in retirement needs at least these four things in their plan in varying levels – Protection, Liquidity, Growth Potential, and Income.

You must find a way to maximize your income in retirement and there are a lot of ways you can do it. Dave and Brad have a Public Service Announcement to share with you in today's show!

The month of March brings us one of the greatest sporting events, the NCAA March Madness tournament. And whether you watch much college basketball or not, many still fill out brackets at the office or with friends. It’s become a social norm that happens every year. You may have a team you support, or you may not. But when trying to decide who wins it all, you ask yourself, “Do they have all the right pieces to go all the way and win the national championship?” You think of the talent the team has, perhaps if they’re road-worthy warriors, you think of their record, their strategy or if they have the right coach. Well, if you had to put a retirement plan together, what are the required pieces you think are necessary to help ensure it can go the distance? That’s what this show will try to answer.

Sometimes the little things can add up. Seemingly small decisions can make a big impact over time, but when we talk about planning for retirement, we really want to make sure we make the right decisions leading up to retirement.

So many people look at their investments through Rose Colored Glasses and think their returns will be a little bit better than what they might actually be down the road. Dave and Brad clear this up for us.