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

This episode focuses on the constants and variables of retirement, providing insights on market volatility, income planning, and lifestyle analysis.

Toni shares a relatable analogy, comparing income planning to cutting a juicy steak on a slippery plate. Without a stable foundation, it's nearly impossible to enjoy the meal. Similarly, a stable and predictable income is important for maintaining your lifestyle in retirement. This foundation allows you to build other financial strategies around it, helping ensure a comfortable and confident retirement.

Tyler points out the common misconception of shifting more into bonds to get conservative as you near retirement. She explains that during situations like the pandemic, both bonds and stocks can perform poorly, making it important to have a well-rounded income plan that considers various market conditions.

Learn more about these retirement planning topics and the important constants and variables of planning that could impact your financial future by listening to the rest of the episode!

Here’s what we discuss in today’s show:

• How do you deal with market volatility once you've retired?
• When we do a lifestyle analysis, people often underestimate how much money they need
• What is your lifestyle going to be in retirement
• The episode also touches on the importance of having a clear understanding of your financial situation.

Key Takeaway

"You need a piece of your income, the vital piece of your income, the base of it, the foundation, to be very, very stable, as-predictable-as-possible income."

 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

We’ve got a mailbag edition of the show for you today! From time to time, we like to answer listener questions here on the podcast. This time, Eric in Hoover asks whether he should start selling off some of his high-performing investments in his IRA to avoid potential losses in the next market downturn. Stay tuned as Tad and Tyler dive into Eric’s situation and share some important considerations when navigating this decision. 

Then, at the end of the episode, Tad and Tyler share some personal stories about what makes them feel better after a bad day. From dance parties with dogs to relaxing on the back porch, get to know the Hill family a bit better in the fun “something personal” segment!

Here’s what we discuss in today’s show:

• Mailbag: Should I sell off some of my big winners?
• How cash, fixed annuities, bonds, and more can all play a role in a well-rounded retirement plan
• Something personal: What makes you feel better after a bad day?

Key Takeaway

“Products and strategies are like tools in a tool belt.”

 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

Procrastination is a natural human tendency, especially when faced with tasks that feel overwhelming. That’s why many people find themselves procrastinating when it comes to creating a retirement plan. While some fear that they are in a worse financial situation than they actually are, others think they don't need a retirement plan until they are on the verge of retiring. 

The truth is, the earlier you start planning, the better prepared you will be. If you are less than ten years away from retirement, it’s time to get a plan in place. And, by partnering with a true retirement planner, you can alleviate stress and gain peace of mind knowing that your financial future is in good hands.

Here’s what we discuss in today’s show:

• Many people delay making a retirement plan until it's almost too late
• The illusion of having plenty of time to plan later
• The benefits of early financial planning
• Working with a true retirement planner who can provide comprehensive guidance

Key Takeaway

“What we do to help you is answer all those questions that you've got in your head.”

 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

Have you ever heard of the Rule of 100? This rule suggests that you should subtract your age from 100 to determine the percentage of your portfolio that should be in stocks. What about the 75% Rule, which claims that you will only need 75% of your pre-retirement income to maintain your lifestyle in retirement? 

In this episode, Toni and Tyler are here to share why these common financial rules of thumb just don’t cut it when it comes to your unique financial situation. While these rules can be a good starting point, they're often too simplistic to apply to everyone. Stay tuned for insights on why a personalized financial plan is crucial for a successful retirement, and how following generic advice could leave you short.

Here’s what we discuss in today’s show:

• Financial rules of thumb have limitations and can be misleading
• The danger of the Rule of 100 
• Breaking down the 75% Rule
• The three distinct phases of retirement 
• Why personalized financial planning is crucial for a successful retirement  

Key Takeaway

"Trying to do a financial rule of thumb is also like knowing [to] eat healthy and exercise. Okay, that's a rule of thumb, but if I have a real medical problem, I can't just WebMD it."

 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 today's episode, we're talking about the significant wealth transfer happening as baby boomers prepare to pass on their accumulated wealth. With so many people leaving behind substantial legacies, it's important to understand how to manage and optimize the assets you're leaving behind. Listen in as Toni and Tyler talk about the impact different types of accounts can have on your loved ones after you're gone.

In this conversation, we talk about the perks of non-qualified accounts, including the advantageous "step-up in basis" rule, and the complexities of inheriting tax-deferred accounts like IRAs and 401(k)s. 

Don't let your legacy become a financial headache for your loved ones. Start conversations with your family and financial advisor sooner rather than later to ensure a smooth and efficient transfer of your wealth!

Here’s what we discuss in today’s show:

• Advantages of non-qualified accounts and the step-up in basis rule that can save your beneficiaries significant taxes
• The complexities of inheriting tax-deferred accounts like IRAs and 401(k)s, and the tax burdens that come with them
• Minimizing tax burdens through tools like Roth conversions and life insurance

Key Takeaway

“If you're leaving behind a legacy… if it's all tax-deferred money, that's a tough thing for somebody that's inheriting that. There's a lot of rules around that now.”

 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 is a huge milestone, often filled with both excitement and apprehension. It's a time filled with questions and logistical challenges. When can I retire? How much do I need to have saved? How much can I spend? There are tons of moving parts to this process, and without the help of a professional, the process can feel very overwhelming. 

Listen in as Toni and Tyler stress the importance of having a plan that accounts for longevity, healthcare costs, legacy, taxes, and more. They’ll also explain why adaptability is such an important part of a financial plan. 

If you're feeling overwhelmed, we encourage you to reach out to us so that you can retire with confidence!

Here’s what we discuss in today’s show:

• The main retirement planning uncertainties and questions 
• The importance of adaptability in a retirement plan
• The various aspects a sound retirement plan should consider
• Getting the most out of your money and protecting your assets 

Key Takeaway

“The whole point of a retirement plan is its adaptability.”

 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 is a milestone that many of us look forward to, but what if it comes knocking on your door earlier than expected? In today’s episode, Tad and Toni take a few minutes to discuss some of the tough questions and decisions that accompany an unexpected retirement. Having a trusted advisor by your side can help you navigate some of these decisions, but even if you've already made choices, it's not too late to seek advice and make improvements.

Today’s episode isn’t all finance talk, however. Stay tuned for the “something personal” segment, where you’ll learn more about Tad, Toni, and Tyler outside of financial advising. Listen in as the family reflects on Tyler’s childhood memory of eating Mickey Mouse ice cream bars at Disney World.

Here’s what we discuss in today’s show:

• The reality of forced retirement
• Seeking advice from a financial advisor to avoid potentially detrimental mistakes
• Tad, Toni, and Tyler’s happiest moments 

Key Takeaway

“If you're forced to retire, a lot of times you're having to make decisions really quickly… One of the things that our process can do is help you figure out how to make those decisions and what you should be doing.”

 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

The financial planning world is full of common rules of thumb and assumptions you’ve probably heard of. For example, have you ever been told that you'll be in a lower tax bracket in retirement? Or that life insurance becomes unnecessary as you enter your golden years?

We’re excited to welcome Tyler, Tad and Toni’s daughter, onto the show this week to talk about some of these common financial rules of thumb. She’s been working at Freedom Financial for years now and is here to share her wisdom with you today. As the Hill family shares their thoughts on these common assumptions, you’ll learn why relying on blanket statements can be detrimental to your retirement planning journey.   

Here’s what we discuss in today’s show:

• The myth that everyone will be in lower tax bracket in their retirement years
• The misconception that life insurance is unnecessary once you retire
• The importance of individualized guidance based on your circumstances 

Key Takeaway

“Rules of thumb make no sense because not everybody's thumbprint is the same.”

 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 Bryant Driggers or One Brother. One Sister. ONE Mission.

In today’s episode, Tad and Toni reconnect with an old friend, Byrant “Breyer” Driggers. Breyer has a story that many in their late fifties and early sixties can relate to, working hard to become debt-free and create a secure future for himself and his family. We’re excited to have him on the show this week to share what’s on his mind as he approaches his retirement years. 

Throughout this conversation, Breyer will also share his passion for community service. Through his charity, One Brother. One Sister. ONE Mission., he’s been serving the homeless community in Birmingham for the last 30 years. Stay tuned to learn more about the incredible work he and his team are doing and how you can help this mission. 

Here’s what we discuss in today’s show:

• Tad and Bryant’s background + how the nickname “Breyer” came to be
• Where Breyers is in his retirement planning journey
• The concerns and goals Breyers has for his retirement years
• Breyer’s involvement and passion for community service

Learn more about One Brother. One Sister. ONE Mission.

https://www.facebook.com/staywarmbham/


Key Takeaway

“As long as you start at some point is better than not starting at all.” Bryant Driggers

 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 Carolyn Potter or The WellHouse.

We love to feature local charities that we work here on the podcast. So, in today’s episode, we're honored to welcome a very special guest, Carolyn Potter- CEO of The WellHouse. She’s here to give us a look at the inspiring work of this incredible organization, dedicated to the recovery of female survivors of human trafficking, offering them a chance at healing and a hopeful future. 

We discuss the extensive process of creating a safe haven for these survivors, the importance of community involvement, and the various ways you can contribute to its mission. Whether it's through volunteering, financial support, or simply spreading the word, every action makes a difference in the lives of those affected by human trafficking.

Here’s what we discuss in today’s show:

• How Tad and Toni became involved with various charities, including The WellHouse
• The mission of The WellHouse and the services it provides 
• The process and dedication involved in opening a home for young survivors 
• The significance of community support and volunteerism
• How to connect with The WellHouse to offer help or donations

Learn more about the WellHouse

https://www.the-wellhouse.org/

Key Takeaway

“We invest in every area of their lives. Recently, one of our graduates spoke at our board meeting…she said, ‘there wasn't anything that I needed that you all didn't offer and didn't provide for me.’” – Carolyn Potter

 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