Retire With Freedom: Featuring Freedom Financial Group's Toni, Tyler & Tad Hill

There is a lot more to retirement planning than just picking investments. From timing Social Security to assessing your retirement overall readiness, today’s episode will explore some commonly misunderstood, yet critical areas in the world of financial planning. Is your advisor helping you navigate all of these decisions?

Tad and Toni kick off this episode by discussing the intricacies of Social Security and pension planning, highlighting the potential pitfalls of making short-sighted decisions in these areas. They then dive into a few financial terms that commonly go unexplained, shedding light on the fiduciary standard and what risk aversion really means.


Here’s some of what we discuss in this episode:

• The importance of timing when it comes to Social Security + avoiding short-sited decision making 
• Careful analysis and planning when considering pension options for retirement
•  Assessing your retirement readiness + understanding risk exposure in your investment portfolio

Key Takeaway

"Are you really retirement ready? That should be the question before we pull the trigger."

 Resources:

✨ We can assist you on your journey to financial freedom: https://www.askfreedomfinancial.com/

📞 Phone: 205.988.0006

📅 Schedule a Discovery Call: https://askfreedomfinancial.com/contact/?utm_source=Hero

🎓Attend a Course: https://askfreedomfinancial.com/attend-an-event/?utm_source=Hero

 🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

Neither Freedom Financial Group nor AEWM are affiliated with Pamela Phipps or Grace House Ministries.

If you work with our team or have been a listener for some time now, you might know that we are proud to be involved with several incredible charitable organizations in and around Birmingham. One of those organization is Grace House Ministries, a Christian residential campus for girls in foster care that have faced neglect, abandonment, and abuse. We are honored to be joined by Grace House’s Executive Director, Pamela Phipps, today. 

Pamela is here to share more about Grace House’s powerful mission and mentoring programs, how their organization has grown the last 30 years, and a few powerful stories from the program. Tune in to learn more about the beautiful community Grace House has created and how you can volunteer and support these residents in foster care.   

Here’s some of what we discuss in this episode:

• Some background on Grace House Ministries and how it has grown to 13 properties and serving 40 girls
• Two former Grace House girls who overcame challenging backgrounds and now play key roles in the organization
• Pamela's background and transition from aspiring lawyer to the Executive Director of Grace House 
• The music program at Grace House, which serves both as an extracurricular activity and a therapeutic tool
• How you can help Grace House Ministries through volunteering, mentoring, and more

Key Takeaway

“Every single girl that walks through our doors have been abandoned, neglected and abused, and they are in DHS custody. So Grace House partners with the HR to give these girls a safe haven and a refuge.”

Learn more about Grace House Ministries:

https://www.grace-house.org/

 Resources:

✨ We can assist you on your journey to financial freedom: https://www.askfreedomfinancial.com/

📞 Phone: 205.988.0006

📅 Schedule a Discovery Call: https://askfreedomfinancial.com/contact/?utm_source=Hero

🎓Attend a Course: https://askfreedomfinancial.com/attend-an-event/?utm_source=Hero

 🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

Who are you learning from when it comes to making sure your retirement plan is successful? If you’re of the age that your mom and dad retired 20 or 30 years ago, the world was a much different place when they walked away from their paychecks. Let’s talk about how things are different now… 

We’ll look at how retirement expenses have evolved, with people today being more active and spending more on travel,  hobbies, and healthcare costs. We’ll also discuss how increasing life expectancies, and the absence of traditional pensions are impacting retirement portfolios. Tune in and learn why it is so important to have a tailored plan that suits your unique circumstances, as we unravel the intricacies of retirement planning in the modern era.

Here’s some of what we discuss in this episode:

• Today, the cost of retirement can be high, especially with factors like healthcare expenses, travel plans, and increased longevity
• The three phases of retirement: The Go Go years, Slow Go years, and the No Go years 
• The "sandwich generation" may face challenges balancing financial support for adult children and aging parents
• Staying active and maintaining a healthy lifestyle in retirement 
• The impact of not preparing for long-term care expenses

Key Takeaway

“Oftentimes, being retired can be more expensive than when you were working.”

 Resources:

✨ We can assist you on your journey to financial freedom: https://www.askfreedomfinancial.com/

📞 Phone: 205.988.0006

📅 Schedule a Discovery Call: https://askfreedomfinancial.com/contact/?utm_source=Hero

🎓Attend a Course: https://askfreedomfinancial.com/attend-an-event/?utm_source=Hero

 🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

If you've ever felt lost or overwhelmed after a financial planning meeting, today's episode is for you! We’re tackling the common issue of financial jargon in the world of investments and retirement planning. Listen in as we decode three examples of financial jargon and remind you that good advisors should be able to break down intricate concepts into terms that everyone can comprehend.

Here at Freedom Financial Group, we prioritize transparency, personalization, and education. We believe in breaking down complex topics, so that you can make the most informed decisions for your unique financial situation. Stay tuned as we unravel the importance of clear communication in the financial industry. 

Here are the examples of financial jargon that we discuss in today’s show: 

• “We’ve experienced a significant market correction this month.”
• "We're forecasting a significant upside potential for this stock."
• “Your portfolio has a very high alpha and I'm worried about your potential for reverse dollar cost averaging once you start your RMDs.”

Key Takeaway

“People that really know what they're talking about, what they're doing, can make the complicated simple for anybody to understand.”

 Resources:

✨ We can assist you on your journey to financial freedom: https://www.askfreedomfinancial.com/

📞 Phone: 205.988.0006

📅 Schedule a Discovery Call: https://askfreedomfinancial.com/contact/?utm_source=Hero

🎓Attend a Course: https://askfreedomfinancial.com/attend-an-event/?utm_source=Hero

 🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

Will Rogers, American entertainer, radio personality, film actor and writer was famously known for his humor. In today’s show, we’re going to explore his timeless wisdom and its relevance to retirement planning. Join us to learn from some of the most iconic quotes of his career.

This episode highlights the importance of learning from others' experiences to avoid costly mistakes in retirement planning. Tad and Toni emphasize that retirement planning goes far beyond managing investments. They shed light on the crucial aspects of comprehensive retirement planning, tax strategies, and risk management, offering you valuable insights to help secure your path to financial freedom. Don’t miss this fun and insightful discussion!

Here are the quotes we discuss in this episode:

• “There are three kinds of men. The one that learns by reading. The few who learn by observation. The rest of them have to pee on the electric fence for themselves.”
• “The only difference between death and taxes is that death doesn't get worse every time Congress meets.”
• “I'm not as concerned about the return on my money as I am the return OF my money.”

Key Takeaway

"Unless you're a retirement planner…then chances are your retirement is the first one you've ever planned. Right? So, when we do something for the first time, is it usually our very best work?"

 Resources:

✨ We can assist you on your journey to financial freedom: https://www.askfreedomfinancial.com/

📞 Phone: 205.988.0006

📅 Schedule a Discovery Call: https://askfreedomfinancial.com/contact/?utm_source=Hero

🎓Attend a Course: https://askfreedomfinancial.com/attend-an-event/?utm_source=Hero

 🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

What would Tad and Toni’s campaign slogans be if they ran for “retirement planning office?” Listen in as they each craft their hypothetical campaign platforms and discuss their visions while delivering practical guidance on making the most of your retirement journey. With humor and insight, this episode explores risk management in retirement planning and the importance of putting a solid financial plan in place that ensures security in your golden years. 

Throughout this episode, Tad and Toni share some personal stories and insights from working with clients. They also dive into a lighthearted "getting to know you" segment, where they share their memories tied to certain scents. Listen in as they reminisce on the unique connection between cologne and fond memories.

Here’s some of what we discuss in this episode:

• Finding the right balance between risk and reward in retirement planning
• The importance of proper financial planning to avoid running out of money in retirement
• The role that individual participation plays in successful retirement planning
• Getting-to-know-you: What’s a distinct smell that you remember that could take you back to a certain place/time?

Key Takeaway

"Would you rather fix a problem that's already happened and try to figure that out? Or would you rather…already have a solution in place, so when that problem arises, no sweat?"

 Resources:

✨ We can assist you on your journey to financial freedom: https://www.askfreedomfinancial.com/

📞 Phone: 205.988.0006

📅 Schedule a Discovery Call: https://askfreedomfinancial.com/contact/?utm_source=Hero

🎓Attend a Course: https://askfreedomfinancial.com/attend-an-event/?utm_source=Hero

 🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

When it comes to planning for your future financially, it’s important to first take a look inward. Understanding your financial worries and biases plays an important role in making informed decisions for your financial well-being. Join us in this episode as we delve into the crucial aspects of self-examination in the world of financial planning.

Listen in as Tad and Toni explore 3 thought-provoking question that will help you gain insight into your financial mindset. Don't miss out on this valuable discussion on how to align your financial strategies with your aspirations and values. Tune in to embark on a journey of self-discovery in the realm of financial planning. 


Here’s some of the important financial questions we discuss in this episode:

• What financial issues keep me up at night?
• Do I have any biases that affect my financial decisions?
• What does money really mean to me and what role does it play in my life?

 Resources:

✨ We can assist you on your journey to financial freedom: https://www.askfreedomfinancial.com/

📞 Phone: 205.988.0006

📅 Schedule a Discovery Call: https://askfreedomfinancial.com/contact/?utm_source=Hero

🎓Attend a Course: https://askfreedomfinancial.com/attend-an-event/?utm_source=Hero

 🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

There are three things that people often want from their investments: growth, safety and liquidity. Is it possible to have all of these qualities in one investment? Listen in as Tad and Toni share their insights on various investment options like cash, stocks, bonds, mutual funds, annuities, and real estate and highlight the pros and cons of each.

In the "Getting to Know You" segment of today’s episode, Toni recalls an embarrassing moment at a baseball game in college. Tad shares his own cringe-worthy childhood memory involving an inappropriate outburst in church. Join us as we share the importance of a balanced approach to financial planning and enjoy some laughs along the way! 

Here’s some of what we discuss in this episode:

• Is there a single investment that can offer maximum growth, safety, and liquidity all at once?
• The pros and cons of various investment options, such as cash, stocks, bonds, mutual funds, annuities, and real estate
• The importance of finding the right mix of investments to balance growth potential, safety from market downside, and liquidity
• Getting-to-know-you: Some embarrassing moments from Tad and Toni’s past

Key Takeaway

"Everybody needs growth potential, everybody needs safety, and everybody needs liquidity...There's no one place that gets you all of those things."

 Resources:

✨ We can assist you on your journey to financial freedom: https://www.askfreedomfinancial.com/

📞 Phone: 205.988.0006

📅 Schedule a Discovery Call: https://askfreedomfinancial.com/contact/?utm_source=Hero

🎓Attend a Course: https://askfreedomfinancial.com/attend-an-event/?utm_source=Hero

 🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

Welcome back to the Retire With Freedom podcast! Join us as we break down the different types of retirement risks in today’s episode and talk about how to address them effectively. From tax rate risk to longevity risk, we’ll discuss some commonly overlooked factors that could impact your financial future if not properly prepared for. 

Discover why simply being aware of these risks isn't enough – it's about taking action to protect your financial future. Tad and Toni share real-life examples of how a well-structured income plan can provide security, even in uncertain times. If you're seeking financial confidence in retirement, this episode is a must listen!

Here’s some of what we discuss in this episode:

• Market Risk: The one everyone thinks about, but do you really know how much market risk you're exposed to? Discover how quantifying your market risk can make a world of difference in your retirement planning.
• Interest Rate Risk: Understand why rising interest rates can negatively impact bond prices and what you should consider if you hold bonds in your portfolio.
• Inflation Risk: Learn how inflation can erode your purchasing power over time, especially if you're relying on fixed-income sources like Social Security or pensions.
• Tax Rate Risk: The tax landscape can change, and not being prepared can affect your retirement income significantly. 
•  Longevity Risk: Living longer can amplify all the other risks, making it crucial to have a well-thought-out retirement plan that accounts for the possibility of a longer life.

Key Takeaway

“Knowledge without action behind it is not power. It's just information."

 Resources:

✨ We can assist you on your journey to financial freedom: https://www.askfreedomfinancial.com/

📞 Phone: 205.988.0006

📅 Schedule a Discovery Call: https://askfreedomfinancial.com/contact/?utm_source=Hero

🎓Attend a Course: https://askfreedomfinancial.com/attend-an-event/?utm_source=Hero

 🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t

On today’s show, we’re diving into the mailbag to answer some recent questions and concerns from our listeners. Patty from Hoover raises a critical question about their financial advisor’s lack of advice on topics like Social Security, life insurance, and legacy plans. Mick in Cahaba Heights asks about Tad and Toni’s thoughts on REITs as an investment. 

Listen in as Tad and Toni explain why it’s critical to work with a trusted advisor that can offer you comprehensive guidance, rather than just managing your investments. They also shed light on the differences between publicly traded and non-publicly traded REITs. Discover the potential benefits and risks associated with these investments and why it's crucial to have a well-rounded understanding of your options. Tune in to gain valuable insights from these listener questions!

Here’s some of what we discuss in this episode:

• Mailbag Question: My financial advisor seems to be doing a good job of managing my investments, but we never talk about other things like Social Security, life insurance or legacy plans. Is this typical? 
• The importance of legacy planning and why it's crucial to work with professionals who can help you navigate these complex matters.
• Why understanding your spending habits is essential for a secure retirement, and why it's vital to "show all your dirt" to your financial advisor.
• Mailbag Question: I recently had a REIT proposed to me as an investment I should consider. What are your thoughts on these?

Key Takeaway:

"A really good advisor is somebody that is explaining the upside and the downside of everything so you know exactly what you're getting into."

 Resources:

✨ We can assist you on your journey to financial freedom: https://www.askfreedomfinancial.com/

📞 Phone: 205.988.0006

📅 Schedule a Discovery Call: https://askfreedomfinancial.com/contact/?utm_source=Hero

🎓Attend a Course: https://askfreedomfinancial.com/attend-an-event/?utm_source=Hero

 🎥Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t