Retirement Reality Podcast

In this episode, we’re exploring some of the world’s most unique and quirky fears—and believe it or not, they have a lot more in common with your financial life than you might think.

From the fear of long words to the fear of peanut butter sticking to the roof of your mouth, we’ll navigate through a list of some of the world’s most peculiar fears and draw parallels to financial planning. Mike shares his insights on how these fears can manifest in our financial decisions and offers practical advice on how to overcome them.

Here are some of the fears we discuss in this episode:

• Hippopotomonstrosesquipedaliophobia (Fear of Long Words)

To get in touch with Mike, visit our website: http://principalpreservationservices.com

In this special mailbag edition of the show, Mike answers a wide range of listener questions. From life insurance and alimony to savings and retirement planning, this episode covers many of the financial planning conversations we have with clients every day.

Here are some of the questions we’ll answer in this episode:

• I’ve heard that you need to have between 15 and 20 times your annual salary in savings to be able to retire comfortably—do you think that’s accurate?

To get in touch with Mike, visit our website: http://principalpreservationservices.com

Retirement planning is a complex process that requires careful consideration of various factors, including the needs of your family. In the latest episode, Mike shares valuable insights on how children and grandchildren can significantly impact retirement goals and offers practical advice on how to navigate these challenges.

Here’s some of what we discuss in this episode:

• More and more parents are providing financial support for their adult children.

To get in touch with Mike, visit our website: http://principalpreservationservices.com

Mike gets a lot of questions about 401(k)s and knows they can be tricky to navigate. That's why we're tackling your top questions in one comprehensive episode. From understanding target date funds to adjusting your investments as you near retirement, this conversation will cover a wide range of essential topics. Listen in to see what you can learn!

Here’s some of what we discuss in this episode:

• Should I contribute as much as I can to my 401k or only as much as the company will match?

To get in touch with Mike, visit our website: http://principalpreservationservices.com

Imagine retiring comfortably on just $42 per month—sounds too good to be true, right? Well, it’s exactly the assertion you might have seen in the headline of a recent article online.

Here’s some of what we discuss in this episode:

• Is this article clickbait or is there some value to it?

Read the article: https://www.fool.com/the-ascent/buying-stocks/articles/you-can-retire-on-4167-a-month-if-you-do-these-2-things/

To get in touch with Mike, visit our website: http://principalpreservationservices.com

We hear a lot of half-truths in the financial world, not necessarily because people try to make misleading statements, but because sometimes a simple statement just doesn’t quite tell the whole story. Join Mike as he goes over some common financial half-truths to try and help clear some things up and put your mind at ease.

Here’s some of what we discuss in this episode:

• Knowing how much you are paying in fees.

To get in touch with Mike, visit our website: http://principalpreservationservices.com

In this episode, we’re diving into some famous words by the one and only Yogi Berra. You might know him for his legendary baseball career, but Yogi was also a goldmine of wisdom. So, what can we learn from Yogi about retirement planning?

Here are some of the quotes we’ll unpack in this episode:

• “I never said most of the things I said.”

To get in touch with Mike, visit our website: http://principalpreservationservices.com

What types of coverage should you be considering for your golden years? What do you need to keep in mind as you prep for the transition? We’re going to walk you through the fundamentals in today's episode, covering health insurance, long-term care insurance, life insurance, and more.

Here’s some of the mistakes we discuss in this episode:

• Why your health insurance coverage might change and how can you bridge the gap to Medicare?

To get in touch with Mike, visit our website: http://principalpreservationservices.com

In this episode, we’ll uncover the critical mistakes many make when choosing a financial advisor. We're cutting through the noise to highlight what often goes wrong- from misplaced trust in big names to overlooking the fine print. This episode is your essential guide to avoiding those pitfalls and making informed decisions that align with your financial goals.

Here’s some of the mistakes we discuss in this episode:

• Not understanding how the advisor gets paid

To get in touch with Mike, visit our website: http://principalpreservationservices.com

When we think of retirement, we often imagine endless days of relaxation, travel, and leisure. But how much of this is a dream versus reality? Today, we'll explore why a realistic approach to retirement, inclusive of financial planning and the potential for unexpected challenges, is crucial.

Here’s some of what we discuss in this episode:

• Understanding what retirement will realistically look like for you and planning accordingly

To get in touch with Mike, visit our website: http://principalpreservationservices.com