Retire Smarter with Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP®

By Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP®Business News Investing Business News Careers

Retire Smarter with Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP® episodes

June 15, 2023Your Wealth, Your Retirement – How Can You Do It Better?
In this episode, hear Tyler Emrick, CFA®, CFP®, talk through what it means to be wealthy and how your own perception of personal wealth can be a powerful force that leads you astray or opens your eyes to better outcomes and, ultimately, a happier retirement.

Have questions?
Need help making sure your investments and retirement plan are on track? Click to schedule a free 15-minute call with one of True Wealth's CFP® Professionals.
http://bit.ly/calltruewealth

Here are some of the assumptions we will discuss in this episode:
What does it mean to be wealthy? (2:06)
Your perception of wealth impacts your financial planning and your habits. (8:37)
A comment that really stuck with Tyler recently. (12:53)
How should you manage your wealth in retirement? (17:49)
Thinking about how spending will impact your life. (19:54)
Think in times and not years. (25:05)
Be deliberate about your decisions and your approach to wealth management. (30:16)

Sign up for our newsletter on our podcast page: https://www.truewealthdesign.com/podcast/
35 min
May 25, 2023Portfolio Moves in Light of Recession Fears
Is the U.S. economy heading toward a recession? This question is seemingly perennial but has undoubtedly been a hot topic in the last year. Listen as Tyler Emrick, CFP®, CFA® talks you through what the data shows on how investment markets have performed in past recessions and whether being able to time recessions is likely to help your portfolio.

Have questions?
Need help making sure your investments and retirement plan are on track? Click to schedule a free 15-minute call with one of True Wealth's CFP® Professionals.
http://bit.ly/calltruewealth

Here are some of the assumptions we will discuss in this episode:
So many factors that cause people to worry about a recession. (4:03)
Should you make portfolio changes or should you go to cash? (7:43)
Why trying to time the market is even more difficult around a recession. (12:53)
How the Retire Smarter Solution™ plays into building a portfolio. (17:08)
How to approach a recession if you’re worried about your finances. (20:09)

Learn more about the Retire Smarter Solution™: https://www.truewealthdesign.com/ep-45-retire-smarter-solution/
27 min
May 11, 2023Social Security’s Uncertain Future & Impacts On Your Retirement
We've all heard about Social Security's funding troubles. Is this why some decide to start benefits early? If Social Security were reduced, can it make sense to defer claiming? Hear Tyler Emrick, CFA, CFP, discuss a recent Wall Street Journal article on these topics as well as other recent proposals from Congress and academics that may impact the system. You paid in. Let's learn how you can get your fair share out.

Here are some of the things you’ll learn in this episode:
Why so many people claim their benefits as early as possible due to uncertainty. (2:22)
Does delaying your Social Security benefit help or hurt the system? (8:30)
How your 401(k) and IRA accounts factor into your strategy for Social Security. (12:20)
Some final thoughts from Tyler on Social Security. (18:52)

Have questions?
Need help making sure your investments and retirement plan are on track? Click to schedule a free 15-minute call with one of True Wealth's CFP® Professionals.
http://bit.ly/calltruewealth
21 min
April 27, 2023Widowed in Retirement - How to Plan for the Financial Changes
Losing a spouse is difficult. Losing a spouse that handles your household finances is devastating. Hear Tyler Emrick, CFA®, CFP®, discuss what you need to know to ensure your household is in good financial shape after you pass and how True Wealth Design helps families when they need it the most – after a loss of a loved one.

Here are some of what we discuss in this episode:
Experience working with families in this situation. (1:26)
The problems that arise when just one spouse handles everything. (3:33)
Getting a person comfortable to make decisions and take over the financial role. (8:06)
How we advise people about the estate planning process. (10:57)
The division of labor in the household and Tyler’s personal experience. (13:23)
What are the typical changes for the surviving spouse? (20:21)

Have questions?
Need help making sure your investments and retirement plan are on track? Click to schedule a free 15-minute call with one of True Wealth's CFP® Professionals.
http://bit.ly/calltruewealth
27 min
April 13, 2023Faulty Retirement Assumptions
A solid retirement plan starts with making reasonable assumptions on myriad items -- your retirement lifestyle and its associated spending and what you can reasonably expect from your investments to just name a few. Poor assumptions will get you off on the wrong foot and may force you to make severe and undesirable lifestyle reductions to get back on track.
Hear Tyer Emrick, CFA®, CFP® discuss common assumptions and where they go wrong. We've all heard the saying about when you 'ass-u-me' things. Don't be a donkey. Rather, listen and learn, as you take a step on the right retirement foot.

Here are some of the assumptions we will discuss in this episode:
The perception that the stock market is the biggest risk to retirement. (6:09)
Families ignoring inflation in their retirement plan projections. (11:10)
The spending assumptions that families typically make. (15:38)
Not accounting for income changes in retirement. (18:06)
Will you love not having a job in retirement? (21:42)

Hear our previous interview with retirement researcher Dr. David Blanchett.
Part 1 ---> https://www.truewealthdesign.com/ep-101-interview-with-retirement-researcher-dr-david-blanchett-part-1/
Part 2 ---> https://www.truewealthdesign.com/ep-102-interview-with-retirement-researcher-dr-david-blanchett-part-2/

Have questions?
Need help making sure your investments and retirement plan are on track? Click to schedule a free 15-minute call with one of True Wealth's CFP® Professionals.
http://bit.ly/calltruewealth
29 min
March 17, 2023Bank Busts & Safeguards for Your Investment Funds
There has been a lot of misinformation regarding and uncertainty caused by the recent bank failures. You may have concerns about whether your money is at risk whether at a bank or at custodians such as Charles Schwab, Fidelity, Pershing, or TD Ameritrade.

Hear Kevin Kroskey, CFP®, MBA give a summary of what happened at Silicon Valley Bank and explain why your bank account should be thought of as a loan to the bank (because it is!). Conversely, he'll detail key investor protections you benefit from by not having your account a general liability of a bank but a segregated account at a custodian. He'll go further and explain how mutual funds and ETFs held in your investment accounts allow additional safeguards and segregation of your assets.

You'll learn about coverage you may have through the Securities Investor Protection Corporation (SIPC), excess SIPC coverage custodians may have to protect affluent investors, and, as an example of the safeguards, what happened to investors' segregated accounts held at Lehman Brother's bankruptcy during the GFC.

Here's some of what you'll learn in this episode:
So much misinformation around the banking collapse right now. (3:17)
The details of what happened and what went wrong. (8:30)
Why were investors caught off guard by the risk in commercial banking? (18:03)
Some of the differences in the way different institutions manage your money. (28:11)
Kevin's opinion on what he thinks could happen moving forward. (36:15)

Have questions?

If you’re ready to explore a relationship and gain more clarity and confidence around your retirement, taxes, and investments use this link to schedule a free 15-minute call with one of our experienced and credentialed professionals.
44 min
March 09, 2023Top 5 To-Do’s Before You Retire
Getting to the point where you finally decide to retire is one thing, but trying to ride off into the sunset can be an exceptionally tall task. Hear Tyler Emrick, CFA®, CFP®, talk through his five must-do items to help you feel confident about cutting the paycheck cord.
Here are the five things we'll discuss on this episode:
Have a non-financial retirement plan. (3:27)
Visualize and project. (8:44)
Start measuring. (11:23)
Create your distribution plan (18:27)
Find an expert to help (23:09)

RELATED CONTENT:
Your Hierarchy of Retirement Needs - https://www.truewealthdesign.com/ep-76-your-hierarchy-of-retirement-needs/

Have questions?
Need help making sure your investments and retirement plan are on track? Click to schedule a free 15-minute call with one of True Wealth's CFP® Professionals.
http://bit.ly/calltruewealth
29 min
February 23, 2023How Much Is the Right Amount Of Cash?
Coming off a year with unprecedented interest rate hikes, everywhere you turn there is an advertisement for yields on CDs or other types of savings accounts. Clients are asking whether they should consider using these products, and if so, to what extent.

Hear Tyler Emrick, CFA®, CFP® discuss pros, cons, and alternative solutions and, more importantly, how you should think about the role cash has in your broader financial, retirement, and investment planning.

Here's some of what you'll learn in this episode:
What economic trends are we seeing in recent months? (1:52)
What are some alternative investments to consider? (6:58)
A story about someone we worked with who had much more cash than they realized. (10:38)
The cash discussion goes well beyond just an emergency fund. (16:08)

Have questions?
Need help making sure your investments and retirement plan are on track? Click to schedule a free 15-minute call with one of True Wealth's CFP® Professionals.
http://bit.ly/calltruewealth
21 min
February 09, 2023Nearing Retirement But Facing Potential Layoff?
Unemployment numbers are near historic lows, but for some white-collar professionals, that does not tell the whole story. Many are rightfully concerned their job is at risk, potentially harming a retirement plan that would otherwise be on track.

Listen as Tyler Emrick, CFA®, CFP®, talks through what industries are getting hit the hardest and what you can do now to help protect your retirement in the face of job insecurity.

Here's some of what you'll learn in this episode:
What we're seeing in the workforce right now. (0:52)
Studies show that people often don't work as long as they had planned. (4:17)
What are some of the signs that financial trouble might be coming for your employer? (6:17)
What is offered in an early retirement package? (10:11)
What should you consider if you get caught up in a round of layoffs? (15:11)

Check out our podcast on Pension Lump Sums: https://www.truewealthdesign.com/ep-106-pension-lump-sums-you-may-need-to-act-now-in-2022/

Have questions?

Need help making sure your investments and retirement plan are on track? Click to schedule a free 15-minute call with one of True Wealth's CFP® Professionals.
http://bit.ly/calltruewealth
20 min
January 26, 2023What are Retirees Doing After Poor Market Returns in 2022
2022 was a tough year for stock and bond market returns. How are retirees adapting to the falling market? What decisions are they making now to set themselves up for success in the future?

Listen as Tyler Emrick, CFP, CFA, shares his clients' stories to uncover their questions and how they plan to navigate the challenges posed by the current market and economic landscape.

Here's some of what you'll learn in this episode:
Some of the numbers that show just how bad 2022 was for investors. (2:54)
A lot of families are using the flexibility built into their retirement plan. (5:47)
Considering taking advantage of a Roth conversion. (10:28)
We've started taking a closer look at retirees' spending to see how it's changed. (13:16)
What we're looking at inside a client's portfolio. (20:24)

Have questions?

Need help making sure your investments and retirement plan are on track? Click to schedule a free 15-minute call with one of True Wealth's CFP® Professionals.
http://bit.ly/calltruewealth
27 min

About Retire Smarter with Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP®

From the publisher's feed

Planning Retirement Smarter. Living Retirement Better. With Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP® of True Wealth Design. #Retire #Stocks #Investing #401k #IRA #CFP #TrueWealthDesign.…