• The investment part of retirement isn't solely about the traditional motivations. (5:32)

• Why bad news in the headlines is nothing new. (1:39)

Pension lump sums will be much LOWER in 2023 than 2022. Listen to Kevin give a brief intro on what is going on and then cut into a replay of episode 62, recorded in December 2020 on the same topic. 

Learn timing considerations on how to optimize your pension benefits by understanding the key variables -- interest rates and mortality -- that determine your lump sum. Company pension plans specifically discussed include Akron Children's Hospital, Bridgestone, FirstEnergy, Goodyear, Kaiser, Mercy Health, and Rockwell Automation.

Whether you have a pension from your company or not, you'll benefit from this episode. Why? Anyone can invest money with an insurance company and receive a lifetime income in the form of annuity payments. So these considerations are universal in crafting your retirement income plan.

Want more information on pension claiming strategies? Listen to Episode 38 here: https://www.truewealthdesign.com/ep-38-pension-lump-sum-or-monthly-payment 

Key topics on this episode: 

0:38 - Why we're pulling this show from the archives

8:53 - What you need to know about lump sums

14:22 - Why this matters

15:58 - Segment Rates

21:43 - What To Expect In The Future

26:02 - Spreadsheet Story

30:28 - Closing Thoughts

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