Welcome to a new week and a new theme here on the One Minute Retirement Tip Podcast. I’m your host Ashley Micciche, co-owner of True North Retirement Advisors, an independent financial advisory practice managing $300 million in client assets. I’m a Chartered Retirement Planning Counselor, a frequent speaker, radio and podcast guest, and I love talking to anyone who will listen about making a plan for the retirement you envision. 

The theme this week on the One Minute Retirement Tip podcast is: Setting your retirement budget. Even if you’ve never lived off of a budget before, retirement is a critical time to understand both your income sources, and how you spend your money - both how much and in what categories. Because if you can live in a way that’s sustainable given your income and assets, you won’t have to worry so much about outliving your money in retirement. 

I hope what we have to share with you this week will help you make smart and thoughtful decisions for your retirement. And while I research each week’s topic and I am careful to not lead you astray, I am not infallible (and according to my husband and kids and pretty much everyone else in my family... I am wrong all the time). 

Personal finance is complex, and there is no one-size-fits-all solution for everyone, so I encourage you to disregard anything I say that may not be helpful for you, and to consult your own financial, tax, and legal advisors regarding your own individual situation. 

That’s it for today. Come on back tomorrow, where we’re diving in to discuss income sources in retirement. For many of you it goes beyond portfolio withdrawals and social security, so we’ll talk about how to plan for income from several common sources tomorrow. 

Thanks for listening! My name is Ashley Micciche...and this is the One Minute Retirement Tip. 

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>>> Subscribe on Apple Podcasts: https://apple.co/2DI2LSP

>>> Subscribe on Amazon Alexa: https://amzn.to/2xRKrCs

>>> Visit the podcast page: https://truenorthra.com/podcast/ 

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Tags: retirement, investing, money, finance, financial planning, retirement planning, saving money, personal finance

It’s Sunday, which means...It’s recap time! 

The theme this week on the One Minute Retirement Tip podcast was: our mid-year outlook 2021. I brought my dad back onto the podcast and we discussed what’s going on in the economy, the stock and bond markets, and what we see on the horizon for the rest of the year that is impacting how we manage our client’s investment portfolios. 

Here’s what we covered in each episode this week. We talked about…

• The US economy
• The stock market
• Bond markets 
• The best and worst of 2021 so far
• And areas of opportunity that we see in today’s investment climate

Thanks dad for being on the show this week! 

If you missed any of these episodes, you can find them on Apple Podcasts or wherever you listen to podcasts by searching for the “One Minute Retirement Tip with Ashley”. 

Tomorrow, come on back, because we’re starting a brand new theme: Setting your retirement budget. I’ll talk about how to budget for everyday living expenses, healthcare in retirement, travel, and big-one time expenses. 

I’ll share with you a budget worksheet you can use to begin the very important exercise of penciling out how much it’s going to take to live a comfortable lifestyle in retirement. 

And perhaps most importantly, I share with you how to figure out if your portfolio withdrawals in retirement can sustain that amount of spending. 

Thank you so much for listening this week! My name is Ashley Micciche and I hope you have a blessed Sunday.

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>>> Subscribe on Apple Podcasts: https://apple.co/2DI2LSP

>>> Subscribe on Amazon Alexa: https://amzn.to/2xRKrCs

>>> Visit the podcast page: https://truenorthra.com/podcast/ 

----------

Tags: retirement, investing, money, finance, financial planning, retirement planning, saving money, personal finance

The theme this week on the One Minute Retirement Tip podcast is: the mid-year outlook 2021. I’m here with my dad and we’re combining our collective 50+ years of experience managing clients’ money to share some insights about what’s going on in the economic and investment landscape right now. Today we’re talking about our best ideas - areas of opportunity right now...and one thing that is a concern at least for the rest of the year.  

• Areas that are catching our attention & pockets of the markets we like: 
• • TIPS
  • High-quality dividend paying and value stocks - very cheap right now
  • Lower maturity to avoid locking in low rates for extended periods 

Bigger pullback could be forthcoming, particularly if inflation is not transitory or if the Fed begins moving towards tightening. 

That’s it for today. Thanks for listening! My name is Ashley Micciche here with my father, David Wilson, and this is the One Minute Retirement Tip. 

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>>> Subscribe on Apple Podcasts: https://apple.co/2DI2LSP

>>> Subscribe on Amazon Alexa: https://amzn.to/2xRKrCs

>>> Visit the podcast page: https://truenorthra.com/podcast/ 

----------

Tags: retirement, investing, money, finance, financial planning, retirement planning, saving money, personal finance

The theme this week on the One Minute Retirement Tip podcast is: the mid-year outlook 2021. I’m here with my dad and we’re combining our collective 50+ years of experience managing clients’ money to share some insights about what’s going on in the economic and investment landscape right now. Today we’re talking about the best and the worst of 2021. 

• Best: 
• • Energy 
  • Financials
  • Real Estate  - REITS (again!) - how long can this continue?
  • Small cap value 
• Worst: 
• • Utilities
  • Consumer Staples
  • Consumer discretionary
  • Large cap stocks are underperforming mid and small cap stocks
  • Small cap growth
  • Bonds - most bonds and bond funds are just treading water this year - one of the few areas that has lost money this year along with gold 

Big divergence in stock returns by company. That’s been a big surprise - widening of the haves and the have nots.

That’s it for today. Thanks for listening! My name is Ashley Micciche here with my father, David Wilson, and this is the One Minute Retirement Tip. 

----------

>>> Subscribe on Apple Podcasts: https://apple.co/2DI2LSP

>>> Subscribe on Amazon Alexa: https://amzn.to/2xRKrCs

>>> Visit the podcast page: https://truenorthra.com/podcast/ 

----------

Tags: retirement, investing, money, finance, financial planning, retirement planning, saving money, personal finance

The theme this week on the One Minute Retirement Tip podcast is: the mid-year outlook 2021. I’m here with my dad and we’re combining our collective 50+ years of experience managing clients’ money to share some insights about what’s going on in the economic and investment landscape right now. Today we’re talking about the bond market. 

To say that interest rates are low is an understatement. [current rate environment]

From David Kelly at JP Morgan Asset Management: “Powell also confirmed that the FOMC is now actively discussing a timetable for tapering its massive bond purchases. Along with its more optimistic outlook on the economy, the committee reiterated its view that higher inflation over the next few months will be transitory and that it will need to see strong growth persist to give the Fed comfort about achieving “substantial progress."

That’s it for today. Thanks for listening! My name is Ashley Micciche here with my father, David Wilson, and this is the One Minute Retirement Tip. 

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>>> Subscribe on Apple Podcasts: https://apple.co/2DI2LSP

>>> Subscribe on Amazon Alexa: https://amzn.to/2xRKrCs

>>> Visit the podcast page: https://truenorthra.com/podcast/ 

----------

Tags: retirement, investing, money, finance, financial planning, retirement planning, saving money, personal finance

The theme this week on the One Minute Retirement Tip podcast is: the mid-year outlook 2021. I’m here with my dad and we’re combining our collective 50+ years of experience managing clients’ money to share some insights about what’s going on in the economic and investment landscape right now. Today we’re talking about the stock market. 

What’s been driving market trends and performance so far this year? 

“Stocks follow earnings.” And earnings exploded in the first quarter, causing analysts to raise expectations. They now see S&P 500 earnings rising 35% and revenues rising 12% for all of 2021. Moderate price gains and bulging profits are making stocks more reasonably priced.

With the market up 14% for the year and 90% off the lows (March 2020), it would not be a surprise if stocks pulled back from recent all-time highs. The market needs time to clear out excesses caused by meme speculation, record margin borrowing and a rash of new IPOs. 

That’s it for today. Thanks for listening! My name is Ashley Micciche here with my father, David Wilson, and this is the One Minute Retirement Tip. 

----------

>>> Subscribe on Apple Podcasts: https://apple.co/2DI2LSP

>>> Subscribe on Amazon Alexa: https://amzn.to/2xRKrCs

>>> Visit the podcast page: https://truenorthra.com/podcast/ 

----------

Tags: retirement, investing, money, finance, financial planning, retirement planning, saving money, personal finance

The theme this week on the One Minute Retirement Tip podcast is: our mid-year outlook 2021. I have my dad back on the podcast. He’s been advising clients with their money and investments since 1982, and today we’re talking about our economic update & outlook: 

• Post Covid GDP growth 

In our quarterly commentary to clients, you said: “The U.S. economy is booming,  with GDP expected to rise 10% in the second and third quarter. Demand for goods and services is so strong that supply cannot keep up, triggering bottlenecks and wage and price pressures.” 

I read that you have to go all the way back to 1984 to see this kind of GDP growth that’s expected for 2021

• Interest rates
• • Very low! 
  • Not good for bond investors, but helping to drive more money into dividend stocks where investors can earn a growing stream of income, even in a low growth environment 
• Inflation
• • Price of oil has doubled over the last year
  • Food prices are up...plane tickets, you name it
  • a rapidly reopening economy is colliding with global supply shortages
  • How much of the inflation right now is a temporary surge? Are you concerned about higher inflation looking out a bit further? 

That’s it for today. Thanks for listening! My name is Ashley Micciche here with my father, David Wilson, and this is the One Minute Retirement Tip. 

----------

>>> Subscribe on Apple Podcasts: https://apple.co/2DI2LSP

>>> Subscribe on Amazon Alexa: https://amzn.to/2xRKrCs

>>> Visit the podcast page: https://truenorthra.com/podcast/ 

----------

Tags: retirement, investing, money, finance, financial planning, retirement planning, saving money, personal finance

Welcome to a new week and a new theme here on the One Minute Retirement Tip Podcast. I’m your host Ashley Micciche, co-owner of True North Retirement Advisors, an independent financial advisory practice managing $300 million in client assets. I’m a Chartered Retirement Planning Counselor, a frequent speaker, radio and podcast guest, and I love talking to anyone who will listen about making a plan for the retirement you envision. 

The theme this week on the One Minute Retirement Tip podcast is: Mid-Year outlook 2021. I have my dad here with me this week...hi dad! 

We’re chatting about the economy, the stock market, bond markets, interest rates, inflation, and investment opportunities we see in today’s post-covid world, combining our 50+ years of collective experience advising clients to help you digest today's economic and market landscape. 

I hope what we have to share with you this week will help you make smart and thoughtful decisions for your retirement. And while I research each week’s topic and I am careful to not lead you astray, I am not infallible (and according to my husband and kids and pretty much everyone else in my family... I am wrong all the time). 

Personal finance is complex, and there is no one-size-fits-all solution for everyone, so I encourage you to disregard anything I say that may not be helpful for you, and to consult your own financial, tax, and legal advisors regarding your own individual situation. 

That’s it for today. Come on back tomorrow where we’re laying the foundation for this week by discussing the economy. I don’t think that there’s a more dramatic swing you’ll find historically in the economy compared to where we were last year with today. So we’ll be discussing that massive turnaround and where we go from here. 

Thanks for listening! My name is Ashley Micciche...and this is the One Minute Retirement Tip. 

----------

>>> Subscribe on Apple Podcasts: https://apple.co/2DI2LSP

>>> Subscribe on Amazon Alexa: https://amzn.to/2xRKrCs

>>> Visit the podcast page: https://truenorthra.com/podcast/ 

----------

Tags: retirement, investing, money, finance, financial planning, retirement planning, saving money, personal finance

It’s Sunday, which means...It’s recap time! 

The theme this week on the One Minute Retirement Tip podcast was: critical ages for retirement planning. 

Here are the critical ages for retirement that you’ll want to pay attention to: 

• Age 50 - switching from growth to a more thoughtful mix of stocks and bonds; catch up contributions
• Age 55 - early withdrawals from 401k and pensions 
• Age 59 ½ - penalty free retirement account withdrawals after this age
• Age 62 - social security begins...very important to make the most informed decision you can with social security. If you missed that episode and want a customized social security side-by-side comparison that shows you the actual lifetime income and breakeven ages for starting social security at different ages, just send me an email at [email protected]. That’s [email protected]
• Lastly, yesterday we talked about required minimum distributions that start at age 72 and a couple of strategies that could save on taxes and keep more money in your pocket in the long run 

If you missed any of these episodes, you can find them on Apple Podcasts or wherever you listen to podcasts by searching for the “One Minute Retirement Tip with Ashley”. 

Tomorrow, come on back, because we’re starting a brand new theme: Mid-Year outlook 2021. I’m bringing my dad back on the show, and we’ll be chatting about the economy, the stock market, bond markets, interest rates, inflation, and investment opportunities we see in today’s post-covid world. We’ll combine our 50+ years of experience advising clients to help you digest today's economic and market landscape. 

Thank you so much for listening this week! My name is Ashley Micciche and I hope you have a blessed Sunday.

----------

>>> Subscribe on Apple Podcasts: https://apple.co/2DI2LSP

>>> Subscribe on Amazon Alexa: https://amzn.to/2xRKrCs

>>> Visit the podcast page: https://truenorthra.com/podcast/ 

----------

Tags: retirement, investing, money, finance, financial planning, retirement planning, saving money, personal finance

The theme this week on the One Minute Retirement Tip podcast is: critical ages for retirement planning. Today we’re talking about why age 72 is so important:

But first, today is episode 1000 of the One Minute Retirement Tip podcast! It’s a big milestone. I’m going out tonight to celebrate with my husband, and I want to thank you all for listening! The podcast has continued to grow steadily since I launched its closing in on a quarter of a million downloads, and I am so grateful for your listenership. 

Ok, so back to today’s critical retirement planning age of 72. This age is so important because it’s the year in which you’ll need to start pulling money out of your retirement accounts, like your IRA. 

I get so many questions about this, let me just explain what I think is most important, and a couple of seldom used strategies I encourage my clients to use:

• Waiting until later in the year if you don’t need the income
• QCD

That’s it for today. Thanks for listening! My name is Ashley Micciche and this is the One Minute Retirement Tip.

----------

>>> Subscribe on Apple Podcasts: https://apple.co/2DI2LSP

>>> Subscribe on Amazon Alexa: https://amzn.to/2xRKrCs

>>> Visit the podcast page: https://truenorthra.com/podcast/ 

----------

Tags: retirement, investing, money, finance, financial planning, retirement planning, saving money, personal finance