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

Are you being pushed into retirement earlier than you planned? If so, you're not alone. Many retirees and pre-retirees face this dilemma and are left with a lot of questions.

In this episode of Retire With Freedom, Tad and Toni Hill explore common concerns of those who are forced or encouraged into retirement. They'll provide you with answers and clarity so you can evaluate your options with confidence. Should you accept a buyout offer or stay at your job? Will you need to cut your spending? How do you decide between a pension option and a lump sum?

If you’re getting pushed into retirement, tune in to get answers to these questions and avoid confusion when it comes to making these important decisions.

Here’s some of what you’ll learn in this episode: 

• Should I accept a retirement buyout offer or take my chances and stay with the job?  (0:23)
• Toni explains that a lot of people react to retirement concerns by assuming they’re just going to have to spend less in retirement. Tad says most people find out their situation is better than they think. (4:54)
• Another common forced retirement question is, “Should I accept a pension buyout and receive a lump sum or keep the pension as a monthly lifetime payout?” (8:37)

 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 Tracy Hipps or the Christian Services Mission.

On this episode of Retire With Freedom with Tad & Toni Hill, we take a break from financial talk and get to meet one of the key members of the Birmingham community. We have the pleasure of speaking with Tracy Hipps, the executive director of Christian Service Mission (CSM), an organization dedicated to serving others through various partnerships to connect resources with needs in the community. Tracy shares his inspiring journey of how he got involved with CSM and how he led the organization through difficult times to the robust role it now plays in Birmingham and beyond.

Tracy highlights the crucial role partnerships play in achieving their objectives and how they empower communities to become self-sufficient. For retirees looking to give back to society, Tracy offers valuable insights into how they can get involved with volunteering and make a meaningful difference in people's lives. Whether it's through skills-based volunteering or providing financial support, there are many ways to contribute.

Tune in as we delve deeper into Tracy's experiences, the impact of CSM's work on the community, and how you can get involved.

Here’s some of what you’ll learn in this episode: 

• How Tracy got involved with CSM and got the program back on track to serving the community. (1:25)
• Tracy lays out the mission and focus of CSM and how their important partnerships play a role. (2:40)
• Ways for retirees to get involved with volunteering. (6:30)
• How to touch base with Tracy and CSM. (9:14)

About Tracy Hipps:

Tracy Hipps joined the Christian Service Mission as Executive Director in 2010. Tracy is a leader in community development and has spent more than 30 years “serving the least of these” in Chicago and Birmingham. Previously, Tracy was the Community Facilitator for Mission Birmingham and he has also served as a Youth Pastor for The Center for Urban Missions and The New City Church. Tracy is a graduate of Southeastern Bible College and holds a Master’s degree in Art in Ministry from Grace Seminary. Tracy is a member of Shades Mountain Baptist Church.

Learn More About Christian Service Mission On Their Website: 

https://csmission.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

Retirement planning is very much like putting together a jigsaw puzzle and figuring out how to make every piece fit together. 

When you put together a comprehensive plan, there are so many different items that you need to review and prepare for, and that’s not easy to do. It’s important that you work with a professional that is a retirement planner that can help you see the full picture and piece it all together. 

In this episode, Toni and Tad will explain our process and how we help put together the retirement jigsaw puzzle for our clients. 

Here’s some of what you’ll learn in this episode: 

·      First thing you have to do is look at the big picture. (0:23)

·      You need to be working with someone that can look at every piece to help you put it all together. (2:14)

·      We meet so many people that have many unresolved issues. (8:10)

·      Organizing the pieces to make it easier to find what you need. (12:28)

 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

Please remember that converting an employer plan account to a Roth IRA is a taxable event. Increased taxable income from the Roth IRA conversion may have several consequences. Be sure to consult with a qualified tax advisor before making any decisions regarding your IRA.

We come across people all the time that have a drive to get educated when it comes to financial planning but it’s important to be aware of where you’re getting that information. Reading books or searching for information is great, but how applicable is that research to your financial plan?

In this episode, Toni and Tad will highlight some basic planning topics that can easily be misunderstood unless you have a thorough grasp of the financial world. Sometimes it’s best to get back to the basics and that’s the goal today. 

If you ever have questions about your investments or your plan, reach out to a financial professional to get more clarity. It’s always essential that you understand everything about your portfolio. 

Here’s some of what you’ll learn in this episode:  

·      The importance of education for our clients. (0:23)

·      Discussions we’ve had with clients about Roth conversions. (1:47)

·      Not all people in financial services focus on retirement planning. (6:28)

 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

With the way the market has performed over the last year or so, you might just say there have been plenty of stock market shenanigans. The ups and downs of the market are never easy to experience while they happen. 

So many things are beyond our control but you don’t have to let those things rule your financial life. We can’t stop the stock market from correcting or crashing, and none of us can stop interest rates from rising or inflation from happening. The one thing we can control is who we work with and what type of plan we construct.

In this episode, we’ll explain how we help clients protect themselves from market downturn without just leaving the market and moving everything to cash and we’ll also share a few characteristics you want to look for in a financial advisor. 

Here’s some of what you’ll learn in this episode: 

·      How fixed annuities can protect you from market volatility. (2:04)

·      Without a plan, most people will fall into one of two extremes. (4:25)

·      One of the first things you should be asking an advisor is what is their area of expertise? (7:25)

·      Why most people aren’t sure how much money they’ll need in retirement. (9:52)

 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

Baseball player Sam Ewing once said, “Inflation is when you pay fifteen dollars for the ten-dollar haircut you used to get for five dollars when you had hair.” It’s a humorous quip, but as most of us found out in 2022, inflation isn’t much to laugh about when it truly impacts your life.

On this episode of the Retire With Freedom Podcast with Tad Hill and Toni Hill, we’ll talk about how even those fortunate enough to have pensions are exposed to the dangerous effects of inflation. Tad and Toni will also detail how protecting against inflation is a big part of their planning process when they help clients construct a fiscal house.

Here’s some of what you’ll learn in this episode: 

·        Toni explains why pensions are vulnerable to inflation. (1:00)

·        Because interest rates are rising there are opportunities to use certain types of products to lock in market gains to help combat inflation. (3:10)

·        Toni spells out how all our major financial decisions are tied together. (7:45)

·        Tad: “This inflation thing is real…” (8:09)

We can assist you on your journey to financial freedom:
https://www.askfreedomfinancial.com/
205.988.0006

Listen to more content:
https://www.askfreedomfinancial.com/in-the-media/#radio

 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

It’s human nature for all of us to get influenced by some type of bias in our lives. Our finances are not excluded from this either and bias can play a big role in decision-making if you aren’t cognizant of this. 

In this episode, Tad and Toni will explain the different cognitive biases that investors get swayed by. This can happen in a variety of ways, but there are a few that we see most often and we want to make sure you are aware this might be happening to you as well. 

Here’s some of what you’ll learn in this episode: 

·      The Dunning Kruger Effect - the less you know, the more confident you are and vice-versa. (0:37)

·      Many of us fall into the trap of confirmation bias. (3:44)

·      The most common mistakes that we see when it comes to cognitive bias. (6:58)

 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

It’s time to serve up some investment planning conversation by taking you out to the Retirement Restaurant. 

Oftentimes it’s easier to understand different concepts when you make analogies to everyday experiences, and that’s what we’ll do on this episode by making a few financial comparisons to a night out. Hopefully this will be an appetizer for the next meeting you have with your financial advisor. 

Here’s some of what you’ll learn in this episode: 

·      Picking two out of three options for your investments. (0:37)

·      Liquidity should be factored into investment decisions. (4:15)

·      You should structure your investments different as you approach retirement. (6:07)

 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 topics in the financial industry that many seem to think are cut and dry. Is all debt bad? Should you pay off your house?

In this episode, we will discuss some of these topics and help you understand whether you might fall into a gray area. It’s important to base your financial decisions off of your personal situation, even if it goes against the grain.

Here’s some of what you’ll learn in this episode: 

• Should you pay the house off early? (1:17)
• Are Roth Conversions always the right thing to do? (3:45)
• Here you can learn about changes coming to taxes in 2026. (5:11)

 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

In this episode, we will be busting some financial myths that you may be believing. Financial myths often hold people back from achieving their best portfolio, and even from taking care of their family to the best of their ability.

Listen to learn how we build different planning strategies, things to consider when end-of-life planning, and more.

Here’s some of what you’ll learn in this episode: 

• Should you leave your spouse with less money since their spending could be less? (0:23)
• Learn about different types of portfolios we build. (6:00)
• What you might be misunderstanding about annuities. (8:08)

 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