Retirement Reality Podcast

Get ready to roll up your sleeves and dive into the gritty side of personal finance. In this episode, we reveal how everyday household tasks can serve as reminders of the principles that lead to financial success. From taking out the trash in your investment portfolio to cleaning out the fridge of outdated financial strategies, we'll explore how to declutter your financial life.

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

• Take out the financial trash. (2:11)

For more episodes, visit us online here: http://principalpreservationservices.com

It’s time for part two of our series on the biggest money mistakes you might be making in retirement planning. In part one, we shared the pitfalls of taking Social Security benefits too early, taking investment advice from family or friends instead of a financial professional, and other mistakes. Today we’ll highlight six more missteps.

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

• Have you adjusted your retirement budget for inflation? (1:41)

For more episodes, visit us online here: http://principalpreservationservices.com

In the complex world of retirement planning, there are countless pitfalls one could fall into. One misstep could lead to some serious financial consequences down the road. In part one of this two-part episode, we’re going to talk about 6 of the biggest money mistakes to avoid in retirement.

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

• Taking Social Security too early. (2:53)

For more episodes, visit us online here: http://principalpreservationservices.com

It’s time for another mailbag episode! We have an exciting lineup of topics to discuss today. Listen in as we tackle some current questions from our listeners, and you’ll likely gain some invaluable insights to help you make informed financial decisions.

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

• How can my investment strategy impact my returns? (1:08)

For more episodes, visit us online here: http://principalpreservationservices.com

Have you ever wondered if the Social Security system will run out of money before you retire? Or if claiming benefits as soon as you're eligible is the best decision for your financial future? In this episode, we're going to debunk the top ten Social Security myths and answer your questions surrounding this topic.

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

• Myth: The Social Security Administration will help you make the best decision about when you should start your benefit. (2:06)

For more episodes, visit us online here: http://principalpreservationservices.com

Are you a golfer? Even if you're not, the game of golf can teach us valuable lessons about retirement planning. For example, hitting a hole-in-one might be thrilling, but it won't necessarily guarantee your overall success.

In retirement planning, a financial advisor can help you navigate the hazards and make the most of your financial "clubs." Tune in to this episode to learn more about how the game of golf can help you plan for a successful retirement.

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

• Why a hole-in-one is not the goal. (2:18)

For more episodes, visit us online here: http://principalpreservationservices.com

We’re willing to bet there are some retirement expenses that you may have forgotten to plan for. In today’s episode we will discuss some areas in your financial plan that you might have initially overlooked.

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

• Are you prepared for medical expenses? (2:45)

For more episodes, visit us online here: http://principalpreservationservices.com

Retirement can come with a lot of tax questions and concerns. From understanding the tax implications of withdrawing from your retirement accounts to minimizing taxes on investment income, it can be overwhelming. On today’s episode, we’ll break down the top 10 tax questions retirees are asking in 2023.

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

• What are the tax implications of withdrawing money from my retirement accounts? (4:00)

For more episodes, visit us online here: http://principalpreservationservices.com

After being discussed in Congress for nearly a year and a half, the SECURE Act 2.0 passed in January. On today’s show, we’ll explain what you need to know and learn four ways the new changes might impact you.

From Required Minimum Distributions (RMDs) to catch-up contributions, we’ll explain what you need to know about the SECURE Act 2.0.

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

• The Required Minimum Distribution age has been pushed back again. (1:54)

If you are interested in any of the topics we discussed, please reach out and we would be happy to help you navigate your financial situation.

To get in touch with Mike, visit us online:  http://principalpreservationservices.com

On this episode, we’ll address five common beneficiary mistakes that, unfortunately, a lot of people make. From making errors to naming minors as beneficiaries, we’ll break down some common blunders. 

Are you making one of these beneficiary mistakes? If so, it could cost you and your loved ones dearly. Some of the simplest mistakes can completely spoil an otherwise well done retirement plan.

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

• Why you shouldn’t name minors as beneficiaries. (1:40)

If you are interested in any of the topics we discussed, please reach out and we would be happy to help you navigate your financial situation.

To get in touch with Mike, visit us online:  http://principalpreservationservices.com