RetireCoast

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Do you want a judge or attorneys to decide what happens to your assets when you pass?  Your survivors may have no choice unless you take action now to create an estate plan.  Wow, "estate".  This does not mean you are rich, anything you own after passing is called an estate.

Even if all you have is money in the bank when you pass, it's your money and you should decide in advance who gets it.  With proper planning, you can make sure your wishes are fulfilled.   

Estate planning involves a will, trust, advanced health care directive, and more.   Learn in this podcast what those key elements are and how they are used. 

Want more information about setting up an estate planning portfolio, contact Gerald Braddock Attorney at Law 

Visit our website at RetireCoast.com and learn more about this and similar topics 

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🎙️ Enjoyed This Episode?

Subscribe to the RetireCoast Podcast for practical conversations about retirement planning, financial preparedness, estate planning, entrepreneurship, and life on the Mississippi Gulf Coast.

👉 Visit RetireCoast.com for in-depth articles, calculators, decision tools, checklists, and guides that expand on the topics we cover in each episode.

📋 Looking for more advanced planning resources?

Explore our membership programs:

• Estate Planning Membership — Build and organize your legacy with decision tools, trust planning resources, trustee selection guidance, emergency preparedness documents, and more.

• Business Builder Membership — Access tools and resources designed to help entrepreneurs, retirees, side-hustlers, and small business owners start, manage, and grow a successful business.

• All Access Membership — Receive complete access to both memberships and our entire premium planning library.

Learn more at:
https://retirecoast.com/estate-planning-membership/
https://retirecoast.com/business-builder-membership/
https://retirecoast.com/all-access-membership/

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Wondering what the biggest expense is?  Listen to this podcast and find out.  Learn how to manage expenses preparing for retirement.  What is the second largest expense?

The more you know, the better you're planning for retirement.  Please visit our website at https://retirecoast.com  and read more about retirement and life style.  

Support the show

🎙️ Enjoyed This Episode?

Subscribe to the RetireCoast Podcast for practical conversations about retirement planning, financial preparedness, estate planning, entrepreneurship, and life on the Mississippi Gulf Coast.

👉 Visit RetireCoast.com for in-depth articles, calculators, decision tools, checklists, and guides that expand on the topics we cover in each episode.

📋 Looking for more advanced planning resources?

Explore our membership programs:

• Estate Planning Membership — Build and organize your legacy with decision tools, trust planning resources, trustee selection guidance, emergency preparedness documents, and more.

• Business Builder Membership — Access tools and resources designed to help entrepreneurs, retirees, side-hustlers, and small business owners start, manage, and grow a successful business.

• All Access Membership — Receive complete access to both memberships and our entire premium planning library.

Learn more at:
https://retirecoast.com/estate-planning-membership/
https://retirecoast.com/business-builder-membership/
https://retirecoast.com/all-access-membership/

💬 Have a question or a topic you'd like us to cover?

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The month of November is jam-packed with events.  The Mississippi Gulf Coast is famous for its many cultural events held on a continuous basis.  Every city on the Mississippi Gulf Coast hosts a large variety of events during the year but November is one of the most popular months due in part to the mild weather and the fact that winter has already set up in the Northern states and Canada.

Listen while we take you through just some of the events that occur in November.  Visit our website at RetireCoast.com  https://retirecoast.com  read about other large events and add them to your calendar for the future.  

 

Support the show

🎙️ Enjoyed This Episode?

Subscribe to the RetireCoast Podcast for practical conversations about retirement planning, financial preparedness, estate planning, entrepreneurship, and life on the Mississippi Gulf Coast.

👉 Visit RetireCoast.com for in-depth articles, calculators, decision tools, checklists, and guides that expand on the topics we cover in each episode.

📋 Looking for more advanced planning resources?

Explore our membership programs:

• Estate Planning Membership — Build and organize your legacy with decision tools, trust planning resources, trustee selection guidance, emergency preparedness documents, and more.

• Business Builder Membership — Access tools and resources designed to help entrepreneurs, retirees, side-hustlers, and small business owners start, manage, and grow a successful business.

• All Access Membership — Receive complete access to both memberships and our entire premium planning library.

Learn more at:
https://retirecoast.com/estate-planning-membership/
https://retirecoast.com/business-builder-membership/
https://retirecoast.com/all-access-membership/

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That's right.  All of those benefits including lower taxes that came from the 2017 changes to the federal tax code are scheduled to revert back at the end of 2025.  Unless Congress and the president do something about it.

That large standard deduction will be history.  Everyone will pay much more in taxes if Congress does not reauthorize the 2017 tax law.

That doubling of the standard deduction will go away.  The lowering of tax brackets, back to the old higher tax brackets, and much more.  Benefits for small businesses will be gone.

Assuming that our dysfunctional government will not rise to the challenge, you need to take some actions with your CPA and financial advisor to put your financial house in order.  There are things you can do to minimize the impact of the rollback.  Listen as we discuss the topic.

Please visit our blog site at RetireCoast.com to read more about this and other topics in the areas of financial health, retirement real estate, and more.

Support the show

🎙️ Enjoyed This Episode?

Subscribe to the RetireCoast Podcast for practical conversations about retirement planning, financial preparedness, estate planning, entrepreneurship, and life on the Mississippi Gulf Coast.

👉 Visit RetireCoast.com for in-depth articles, calculators, decision tools, checklists, and guides that expand on the topics we cover in each episode.

📋 Looking for more advanced planning resources?

Explore our membership programs:

• Estate Planning Membership — Build and organize your legacy with decision tools, trust planning resources, trustee selection guidance, emergency preparedness documents, and more.

• Business Builder Membership — Access tools and resources designed to help entrepreneurs, retirees, side-hustlers, and small business owners start, manage, and grow a successful business.

• All Access Membership — Receive complete access to both memberships and our entire premium planning library.

Learn more at:
https://retirecoast.com/estate-planning-membership/
https://retirecoast.com/business-builder-membership/
https://retirecoast.com/all-access-membership/

💬 Have a question or a topic you'd like us to cover?

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Everyone wanted to own a vacation rental property a few years ago.  The new trend is to put that property on the market while you still have some equity to save.  Listen while we discuss the overall vacation/short-term rental market and what is going on now and how the future is shaping up. 

There are options if you purchased a vacation rental property and your income has dropped 50% or more.  Don't just sit there and worry, take action.  This podcast can help you understand what to do.

Please visit our blog site at RetireCoast.com and read about this topic and more about personal finance, wealth building and retirement among many topics.

Support the show

🎙️ Enjoyed This Episode?

Subscribe to the RetireCoast Podcast for practical conversations about retirement planning, financial preparedness, estate planning, entrepreneurship, and life on the Mississippi Gulf Coast.

👉 Visit RetireCoast.com for in-depth articles, calculators, decision tools, checklists, and guides that expand on the topics we cover in each episode.

📋 Looking for more advanced planning resources?

Explore our membership programs:

• Estate Planning Membership — Build and organize your legacy with decision tools, trust planning resources, trustee selection guidance, emergency preparedness documents, and more.

• Business Builder Membership — Access tools and resources designed to help entrepreneurs, retirees, side-hustlers, and small business owners start, manage, and grow a successful business.

• All Access Membership — Receive complete access to both memberships and our entire premium planning library.

Learn more at:
https://retirecoast.com/estate-planning-membership/
https://retirecoast.com/business-builder-membership/
https://retirecoast.com/all-access-membership/

💬 Have a question or a topic you'd like us to cover?

Email: [email protected]

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There is no need to pay more in income taxes than is absolutely necessary.  Good planning can avoid paying any federal income taxes on your 401k withdrawals or at worst, paying a much lower percentage.

Retired persons earn lower income and much of Social Security income is not taxable.  This allows retired persons to earn more meaning add to your earnings deductions from your 401k.  Listen as we discuss how to drain that 401k and pay as little in federal income tax as possible.

Please visit RetireCoast.com to learn more about retirement, personal finance and life stuff.  

Support the show

🎙️ Enjoyed This Episode?

Subscribe to the RetireCoast Podcast for practical conversations about retirement planning, financial preparedness, estate planning, entrepreneurship, and life on the Mississippi Gulf Coast.

👉 Visit RetireCoast.com for in-depth articles, calculators, decision tools, checklists, and guides that expand on the topics we cover in each episode.

📋 Looking for more advanced planning resources?

Explore our membership programs:

• Estate Planning Membership — Build and organize your legacy with decision tools, trust planning resources, trustee selection guidance, emergency preparedness documents, and more.

• Business Builder Membership — Access tools and resources designed to help entrepreneurs, retirees, side-hustlers, and small business owners start, manage, and grow a successful business.

• All Access Membership — Receive complete access to both memberships and our entire premium planning library.

Learn more at:
https://retirecoast.com/estate-planning-membership/
https://retirecoast.com/business-builder-membership/
https://retirecoast.com/all-access-membership/

💬 Have a question or a topic you'd like us to cover?

Email: [email protected]

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Have you thought about what you would do when you retire?  How about making some money on your own schedule?  This podcast explores just three examples of small businesses that can be created with little capital.  Basically your knowledge and effort.

We explore the whole idea of having fun, making money, and still not giving up on your retirement dreams.  It's about keeping your mind busy. 

Please visit our website RetireCoast.com and read some of our articles about starting small businesses in retirement.   Read this article https://keyladder.com/best-free-guide-to-your-vacation-rental-cleaning-business/ about starting a vacation rental cleaning business.  Even if you are not interested you will learn what's necessary to start a small business.   Check back on our podcast, there will be more on this topic.

Support the show

🎙️ Enjoyed This Episode?

Subscribe to the RetireCoast Podcast for practical conversations about retirement planning, financial preparedness, estate planning, entrepreneurship, and life on the Mississippi Gulf Coast.

👉 Visit RetireCoast.com for in-depth articles, calculators, decision tools, checklists, and guides that expand on the topics we cover in each episode.

📋 Looking for more advanced planning resources?

Explore our membership programs:

• Estate Planning Membership — Build and organize your legacy with decision tools, trust planning resources, trustee selection guidance, emergency preparedness documents, and more.

• Business Builder Membership — Access tools and resources designed to help entrepreneurs, retirees, side-hustlers, and small business owners start, manage, and grow a successful business.

• All Access Membership — Receive complete access to both memberships and our entire premium planning library.

Learn more at:
https://retirecoast.com/estate-planning-membership/
https://retirecoast.com/business-builder-membership/
https://retirecoast.com/all-access-membership/

💬 Have a question or a topic you'd like us to cover?

Email: [email protected]

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A little patriotic talk about how we got here.  Those 58 men who signed the Declaration of Independence in 1776 and the millions of people trying to get into this country as a result of what they created.

It's time that we recognize how we got here and that we owe those 58 men and the thousands of men and women who sacrificed in various wars to keep us safe and protect the idea that was started in the 1700s.

The Mississippi Gulf Coast has many Independence Day events, most cities and many non-profits join in to provide fireworks, music, and fun. 

Read our complete article on this topic RetireCoast.com  titled: Best July 4th Guide to the Mississippi Gulf Coast

Support the show

🎙️ Enjoyed This Episode?

Subscribe to the RetireCoast Podcast for practical conversations about retirement planning, financial preparedness, estate planning, entrepreneurship, and life on the Mississippi Gulf Coast.

👉 Visit RetireCoast.com for in-depth articles, calculators, decision tools, checklists, and guides that expand on the topics we cover in each episode.

📋 Looking for more advanced planning resources?

Explore our membership programs:

• Estate Planning Membership — Build and organize your legacy with decision tools, trust planning resources, trustee selection guidance, emergency preparedness documents, and more.

• Business Builder Membership — Access tools and resources designed to help entrepreneurs, retirees, side-hustlers, and small business owners start, manage, and grow a successful business.

• All Access Membership — Receive complete access to both memberships and our entire premium planning library.

Learn more at:
https://retirecoast.com/estate-planning-membership/
https://retirecoast.com/business-builder-membership/
https://retirecoast.com/all-access-membership/

💬 Have a question or a topic you'd like us to cover?

Email: [email protected]

...

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Two reasons to avoid buying a new RV.  First, most new RVs need to spend time in the shop within the first year or two of purchase.  In some cases, lots of time in the shop.  Second, you can save a considerable sum by buying a low-mileage used RV.

Take it from someone who knows, resist the urge to buy that new RV.  The last thing you want is to take a vacation and have things go wrong.  A used RV will generally have had all of the issues repaired.

Want to know more, listen to this podcast from a person who has been there and done that. 

Visit our website and read our articles at RetireCoast.Com 

Support the show

🎙️ Enjoyed This Episode?

Subscribe to the RetireCoast Podcast for practical conversations about retirement planning, financial preparedness, estate planning, entrepreneurship, and life on the Mississippi Gulf Coast.

👉 Visit RetireCoast.com for in-depth articles, calculators, decision tools, checklists, and guides that expand on the topics we cover in each episode.

📋 Looking for more advanced planning resources?

Explore our membership programs:

• Estate Planning Membership — Build and organize your legacy with decision tools, trust planning resources, trustee selection guidance, emergency preparedness documents, and more.

• Business Builder Membership — Access tools and resources designed to help entrepreneurs, retirees, side-hustlers, and small business owners start, manage, and grow a successful business.

• All Access Membership — Receive complete access to both memberships and our entire premium planning library.

Learn more at:
https://retirecoast.com/estate-planning-membership/
https://retirecoast.com/business-builder-membership/
https://retirecoast.com/all-access-membership/

💬 Have a question or a topic you'd like us to cover?

Email: [email protected]

...

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Buy that Sams Club fishing shirt instead of the brand name at twice the price.  Why would you do that?  This is a step towards planning for retirement.  The time when just because you can buy the more expensive shirt maybe you don't.  Put the difference in your retirement account.

Just because you have a great salary and can buy that BMW, why not buy the Buick or Chevrolet?     Either vehicle will get you from point A to B.  Both look nice but one is substantially less expensive.  Another contribution is your retirement fund.

It may be a time in your life to consider what you need rather than what you want.  This is not to say you never buy what you want but it's a transition period.  That Sams Club shirt is nice, it does the job but it does not have the name brand label.  Perhaps you no longer have to consider what your friends and neighbors will think if you buy a Ford rather than a Mercedes.     

This is how the discipline of retirement planning starts.  Listen to this podcast and visit our website to read more about retirement at RetireCoast.com   Read our series on Generation X 20 Years to Retirement

Support the show

🎙️ Enjoyed This Episode?

Subscribe to the RetireCoast Podcast for practical conversations about retirement planning, financial preparedness, estate planning, entrepreneurship, and life on the Mississippi Gulf Coast.

👉 Visit RetireCoast.com for in-depth articles, calculators, decision tools, checklists, and guides that expand on the topics we cover in each episode.

📋 Looking for more advanced planning resources?

Explore our membership programs:

• Estate Planning Membership — Build and organize your legacy with decision tools, trust planning resources, trustee selection guidance, emergency preparedness documents, and more.

• Business Builder Membership — Access tools and resources designed to help entrepreneurs, retirees, side-hustlers, and small business owners start, manage, and grow a successful business.

• All Access Membership — Receive complete access to both memberships and our entire premium planning library.

Learn more at:
https://retirecoast.com/estate-planning-membership/
https://retirecoast.com/business-builder-membership/
https://retirecoast.com/all-access-membership/

💬 Have a question or a topic you'd like us to cover?

Email: [email protected]

...