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

Hear the story of Dr. Smith and how his retirement concerns are likely similar to many of your own. How do I select a good advisor? What to do with my employer retirement plans? How do I transition my healthcare? Hear all of this plus estate planning issues and Dr. Smith's reflections on his retirement transition in this jam-packed episode. 

Key topics on this episode:

1:14 - Background on our conversation today

5:14 - How Dr. Smith found us

10:34 - Why Dr. Smith's meeting was different

11:51 - The earlier the better 

12:43 - What was important to him

16:22 - Reactive vs proactive

18:11 - Two things that everyone cares about

21:56 - Starting the customization process

23:40 - Estate planning conversation

27:39 - How the relationship changes

29:27 - Where are we now with Dr. Smith?

The bear is roaring and eating away at stock and bond returns. What's an investor to do?

Hear Kevin Kroskey, CFP®, MBA  and Tyler Emrick , CFA®, CFP®  discuss common investment questions clients are prospective clients are asking:  Should I decrease risk? Should I increase cash? Is cash better to own than bonds? Should I consider a CD or fixed annuity? Is it okay to make a strategy change or hire an advisor when markets are down?

Key points on this episode: 

1:45 - Should we sell out at this point?

5:39 - Preparation is so important

8:47 - 'Coupon Kroskey'

9:58 - Cash vs Bonds

16:37 - Fixed interest rate products

21:27 - Bad time to move money?

26:49 - Other items to have on your list

Dr. David Blanchett is Head of Retirement Research formerly at Morningstar and currently at Prudential’s asset management arm PGIM. He is also an adjunct professor at The American College of Financial Services. David has been a voracious and accomplished researcher, being published in a variety of peer-reviewed articles, and receiving many ‘best paper’ awards. Today he conducts research primarily in the areas of financial planning, tax planning, annuities, and retirement.  

Listen to Kevin and David do a deep dive into key assumptions made in your retirement planning – investment returns, spending assumptions, longevity, and inflation. Learn from David’s original research on retirement spending and how it is likely to decline as you age, including the positive implications it has on your planning. (Hint: you may be able to retire earlier than you think.) 

Be sure to pay attention to the end where David and Kevin discuss guaranteed income, cryptocurrency, and empirical studies on quantifying the benefits of working with a trustworthy and competent advisor. 

A big "thank you" to Dr. Blanchett for sharing his research and wisdom.  To read David’s research, visit https://www.davidmblanchett.com/research 

Dr. David Blanchett is Head of Retirement Research formerly at Morningstar and currently at Prudential’s asset management arm PGIM. He is also an adjunct professor at The American College of Financial Services. David has been a voracious and accomplished researcher, being published in a variety of peer-reviewed articles, and receiving many ‘best paper’ awards. Today he conducts research primarily in the areas of financial planning, tax planning, annuities, and retirement.  

Listen to Kevin and David do a deep dive into key assumptions made in your retirement planning – investment returns, spending assumptions, longevity, and inflation. Learn from David’s original research on retirement spending and how it is likely to decline as you age, including the positive implications it has on your planning. (Hint: you may be able to retire earlier than you think.) 

Be sure to pay attention to the end where David and Kevin discuss guaranteed income, cryptocurrency, and empirical studies on quantifying the benefits of working with a trustworthy and competent advisor. 

A big "thank you" to Dr. Blanchett for sharing his research and wisdom.  To read David’s research, visit https://www.davidmblanchett.com/research 

Hear Kevin explain what has been happening in markets with key points related to understanding diversification, risk, and four key economic regimes for investors to balance against. Learn why even a "balanced investor" has 90% of risk coming from one asset class, and why bad behavior is causing severe pain for many return-chasing investors as they go down with the ARKK. 

The egghead alert may sound on this episode, but Kevin will keep things at a high, understandable level at this crucial time.

Learn more about our Retire Smarter Solution™: https://www.truewealthdesign.com/ep-45-retire-smarter-solution/

Listen for these key topics: 

1:43 - Why we're talking about this 

3:25 - Emotion creeping in

5:55 - Don't lose sight of the purpose of the money

9:30 - So many factors to changing expectations

10:32 - YTD returns we've seen

12:24 - Idea of diversification

16:16 - Recent stock values

17:45 - ARKK ETF

21:03 - The investing environment and factors that change it

23:25 - Risk from stocks vs bonds

29:02 - What's been working this year?

33:16 - Takeaways 

Read more and get additional financial resources here: https://www.truewealthdesign.com/podcast/ 

About our guest: https://www.theamericancollege.edu/our-people/faculty/michael-finke 

What we discuss in this episode: 

1:05 - Shiller PE Ratio

5:01 - Behaviors 

6:44 - Spending habits

11:01 - Tax rate risks

11:55 - Cognitive impairment

15:25 - Women vs men

16:36 - RMD jail 

20:46 - Final thoughts

Read more and get additional financial resources here: https://www.truewealthdesign.com/podcast/ 

About our guest: https://www.theamericancollege.edu/our-people/faculty/michael-finke 

What we discuss in this episode: 

0:52 - Welcome in Michael

1:48 - Time as a food consumption researcher

4:24 - Delaying gratification

8:10 - Breaking saving habits in retirement

11:08 - What research has found

13:38 - Income and spending in retirement

17:56 - High income people

20:05 - What age to plan for

25:31 - Longevity predictions

28:24 - Future of Social Security

33:50 - Social Security strategies

39:30 - Inflation expectations

Read more and get additional financial resources here: https://www.truewealthdesign.com/podcast/ 

In this episode, Kevin turns the tables on a handful of common misconceptions about health care costs in retirement. Find out the truth about what health coverage and long-term care actually might cost and how you can factor them into your overall retirement plan.

This is the final part of this series we're revisiting on Retirement Rules Gone Awry. 

What we discuss in this episode:

1:40 - The rule we're discussing today 

3:33 - So Kevin isn't worried?  

5:37 - What we envision for the future of healthcare?  

10:37 - Longterm care coverage 

20:17 - Helping our clients make decisions 

Read more and get additional financial resources here: https://www.truewealthdesign.com/podcast/