Retire Texas Style!

Football is finally back and there’s an old saying, “Offense wins games, but defense wins championships.”  Best-selling financial author Patrick Kelly says the same can be true for your retirement strategy…but how do we keep from “giving up points” when it comes to our nest egg?

Then, both the Dow and the S&P 500 recently closed at new record highs.  So, what does that mean for your investing strategy?  Is it dangerous for us to get too comfortable with the idea that our investments are just going to keep going up? 

See omnystudio.com/listener for privacy information.

Blackrock CEO Larry Fink tells CNBC that record-low interest rates are a major problem for those of us trying to save for retirement and we are headed for a silent crisis - is he right?  Are these low rates going to force some of us change our retirement plans?, Inflation has been a hot topic in recent months, but Market Watch says – if you’re planning for retirement – inflation should always be a hot topic.  How do we make sure we can maintain a consistent standard of living through all the years of a 20- or 30-year retirement? 

See omnystudio.com/listener for privacy information.

Steve talks about income for life keep pace with inflation. Have you taken the time to draw up an actual estate plan or are you just going to leave your family to hope for the best?  According to the latest Gallup poll, a majority (54%) of Americans don’t even have a will!  Why does it matter so much? 

See omnystudio.com/listener for privacy information.

The National Debt has grown to a cool $16 million since the beginning of the pandemic! Experts say the bill is coming due soon and guess who gets to pay it? US! YES - ME AND YOU! That means higher taxes! Steve, what does this mean for us as we get close to retirement or are already retired?

See omnystudio.com/listener for privacy information.

The Senior Citizens League says if you’d retired in the year 2000 with a total income of $100,000, you’d now need $156,000 to be able to afford the same standard of living.  That’s thanks to inflation, which – by the way – has been rising much faster than usual lately.  We’d like to think that we’ll be able to replace our current income in retirement, but it appears we’re losing ground.  What’s the answer? Hear Steve explain! 

See omnystudio.com/listener for privacy information.

With inflation back, the Fed may have to at least consider changing some of its policies.  And Moody’s Analytics economist Mark Zandi tells CNBC that’s going to make your portfolio vulnerable to a 10-to-20 percent correction! He goes on to say that it could take up to a year to return to break-even.  First, do you agree with what he’s predicting?  And second, is that a problem?

Then, Kiplinger warns that those of us approaching retirement are facing a “perfect storm”:  Low interest rates and high inflation … the combination of which will force us to take on more market risk than we’re comfortable taking.  How do we navigate that perfect storm?

See omnystudio.com/listener for privacy information.

Hear Steve's interview on Good Morning Texas with Michael Wiiest.... 

While it seems like a simple question, think about it – how do you know WHEN you’re ready to retire?

When a lot of us think about retirement – we think about FREEDOM! But it also means that the paycheck we have counted on for decades is no longer there right?  

Most importantly, how can Steve help you secure income for life you can't outlive? 

See omnystudio.com/listener for privacy information.

President Biden wants to change the way assets are taxed when they’re passed on to our children or other heirs.  He says the changes would affect only the ultra-rich, but critics argue that middle-class Americans would be hit hard as well.  South Dakota Governor Kristi Noem tells Fox Business that her family had first-hand experience with the kind of tax Biden is pushing and the impact was HUGE.  If Biden does push through these tax changes, what can small business owners do to keep from losing everything they have?

See omnystudio.com/listener for privacy information.

Inflation is up … but the Fed says it’s not worried.  Should we be concerned?  Portfolio manager Nancy Davis tells CNBC that we absolutely should be! So, what threat do we need to be most concerned about now? If you know someone who’s already retired, ask them to tell you their biggest financial regret.  The people at Nationwide Financial did that and the number-one response was … people wish they’d done more to prepare for their retirement taxes!  So, for those of us who are nearing retirement, what could we do now to avoid that regret?

See omnystudio.com/listener for privacy information.

Hear Steve's interview on Good Morning Texas with Michael Wiiest.... 

Steve talks about the steps you need to make sure you are successful retirement without being overconfident about it ! 

See omnystudio.com/listener for privacy information.