Retirement 360

While people were celebrating father's day, hopefully they were tuning in as well! Alan went over some financial advice we all get our fathers and shares some of the best advice he got from his father when it comes to finances.

Is retirement planning too complicated? Alan reviews the results to a Harris Poll and the answer might surprise you. Tune in to find out the results!

This week we decided to take some of our favorite clips from recent months and put them together in a "Best Of" series for you all to enjoy!

Have a topic you'd like to hear covered on our radio show? Drop us a comment and we'll take it into consideration!

Alan talked with Tony & Dwight live on WHAS this morning about what's going on with the market, how to navigate it and how it relates to the Coronavirus. Tune in to see what he had to see!

Historically, whenever the market goes down, at some point investors rush in and “buy the dip" but could this dip be different? We hear audio from Allianz's Chief Economic Advisor Mohammad El Erian advising caution when trying to time the market.

Are people afraid of running out of money? A survey from both Schroders and Schwab both confirm this. The Schroders survey asked people 40 and up. 42% have that fear. The Schwab survey asked people within 5 years of retirement. 72% had that fear. Does it surprise you and what can these people do about it?

The DOW slid almost 13% in one week due to the news of the Coronavirus. When will it stop? Will it continue to slide? Alan and Randy talk about how this recent scare has affected the market and what they expect it to do when comparing it to previous outbreaks.

In contrast to the Coronavirus talk, Randy and Alan also talk about a "backdoor Roth IRA" and go through the pros and cons of going into retirement with a Roth IRA. While there are contribution and income limits, there is a strategy called the "Backdoor Roth" you should hear about!

Did you know that even though people 50+ only make up 35% of the population but pay 59% of all federal income taxes?! Alan and Randy talk about this and more in this weeks radio show and talk a bit about how you can opt out of that statistic.

Is having your money in a hedge fund the best bet? Alan talks a bit about how Wall Street's most successful hedge fund fell short when compared to most run-of-the-mill investors by breaking even in 2019.

Politics and investing... How are they affecting your portfolio? A new study claims that mutual fund managers tend to invest more money in companies that share their same political beliefs and it could end up costing you.

How long do you think you will spend in retirement? For most people, the answer is longer than they expect. Will you live to be 90? 100? Maybe even 150? The more important question is whether or not your money will last as long as you do. How can you build a proper nest egg while not knowing how long it needs to last?

Volatility in the market is causing a lot of retirement savers to pull their money out of the market, but Fidelity thinks they might be over reacting. For instance, what happens if you take your money out and then the market goes up? Then you're just leaving money on the table. Troy talks a bit about this and the risks associated with pulling your money out of the market during volatility.

The age-old idea of the 60-40 portfolio (60% stocks & 40% bonds) is the "traditional" portfolio that most investors have stuck with throughout most of their savings history, but Bank of America says that traditional portfolio just isn't cutting it anymore. What's the new mix look like?

Volatility in the market is causing a lot of retirement savers to pull their money out of the market, but Fidelity thinks they might be over reacting. For instance, what happens if you take your money out and then the market goes up? Then you're just leaving money on the table. Troy talks a bit about this and the risks associated with pulling your money out of the market during volatility.

The age-old idea of the 60-40 portfolio (60% stocks & 40% bonds) is the "traditional" portfolio that most investors have stuck with throughout most of their savings history, but Bank of America says that traditional portfolio just isn't cutting it anymore. What's the new mix look like?

So... Is another recession really on the way? If a recession does hit, how is going to effect you if you're in (or nearing) retirement? Alan talks a bit about this and also talks a bit about how your financial plan should have planned for a possible recession.

There are some people who aren't planning to retire for a very grim reason...They don't expect to live that long. The truth of the matter is, people are living longer than ever these days and you don't want to live longer than you expect while wishing you would have planned better for your retirement. Among men who are currently in their 50s, a third of them will live to be 90. For women, that number jumps up to half! Listen in to hear more about the importance of planning for retirement well past when you think you might need to.