Retirement Reality Podcast

Winter has a lot of people thinking about warmer weather. For some, that just means an annual vacation down south. But for certain retirees, they choose to live elsewhere through the brunt of winter, becoming “snowbirds.” Is snowbird life for you? Let’s talk about what motivates people to take up temporary residence elsewhere, where they go, and if it’s worthwhile.

Here’s what we discuss in this episode:

0:00 - Intro

1:50 – How common is this?

3:10 – Trying it before retirement

4:30 – What you need to know

6:24 – How a financial advisor helps

Text RETIRE to 21000 to Begin Building Your Retirement Reality Roadmap

Learn more about Principal Preservation Services: https://principalpreservationservices.com

Schedule an Initial Meeting with Mike: https://calendly.com/ppservices/60-minute-initial-meeting

Watch Retirement Reality on Demand: https://bit.ly/40VIByr

Inflation has been a hot topic in recent years, and its impact on retirement planning is arguably bigger than ever. As prices for everyday goods and services continue to rise, understanding how to effectively manage these changes is essential for securing a comfortable retirement. Let’s explore strategies for inflation-proofing your retirement and share a look into how we address this in our planning.

Here’s what we discuss in this episode:

0:00 - Intro

1:32 – How inflation changes planning

3:04 – Inflation rate average

4:15 – Inflation’s impact over time

6:08 – Investment strategies

7:51 – Client story

Our website: https://principalpreservationservices.com/

Phone: (855) 987-8888

Contact our team: https://principalpreservationservices.com/wisconsin-minnesota-financial-services/

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Check out our downloadable guides: https://principalpreservationservices.com/useful-financial-guides/

Check us out on YouTube: https://www.youtube.com/channel/UCJ6RRiWvkInUm_E3lg38T2g

As we kick off 2025, a lot of people consider what they want the year to look like and how to put their best foot forward, especially financially. Think: “new year, new me!”

Today, we’ll talk about the financial decisions and habits you’ve maybe had in the past and what changes you can make this year to embrace the new you.

Here’s what we discuss in this episode:

0:00 – Intro

1:20 – Overspending

3:29 – Saving to a fault

5:28 – Not knowing what you have

7:30 – Pausing your investing

9:47 – Not having a plan

Text RETIRE to 21000 to Begin Building Your Retirement Reality Roadmap

Learn more about Principal Preservation Services: https://principalpreservationservices.com

Schedule an Initial Meeting with Mike: https://calendly.com/ppservices/60-minute-initial-meeting

Watch Retirement Reality on Demand: https://bit.ly/40VIByr

The majority of the investment planning you do for retirement is aimed at long-term success, but what can you do with the money you’ll need in the next few years? You don’t want to put those funds at risk when there’s a major purchase like a wedding or a new car coming in the near future.

So what can you do with that money to keep it from being stagnant in the interim? This show will discuss the pros and cons of traditional banking, money markets, fixed annuities, and structured notes.

Here’s what we discuss in this episode:

0:00 - Intro

1:10 – Putting money in the market for a short-term investment

3:06 – Are small returns good enough?

4:53 – Annuities and structured notes

6:29 – The decision-making process

7:49 – Another note on structured notes

Text RETIRE to 21000 to Begin Building Your Retirement Reality Roadmap.

Learn more about Principal Preservation Services: https://principalpreservationservices.com

Schedule an Initial Meeting with Mike: https://calendly.com/ppservices/60-minute-initial-meeting

Watch Retirement Reality on Demand: https://bit.ly/40VIByr

It’s the beginning of a new year – a time when many of us make resolutions to improve our lives. But how often do we resolve to improve the way we feel about our finances? Today, we’re talking about spending with confidence, a surprising challenge for many retirees.

Here’s what we discuss in this episode:

0:00 - Intro

1:19 – Why the reservations?

4:20 – Easing spending fears

5:59 – Overconfidence

8:00 – Spending strategies

Text RETIRE to 21000 to Begin Building Your Retirement Reality Roadmap.

Learn more about Principal Preservation Services: https://principalpreservationservices.com

Schedule an Initial Meeting with Mike: https://calendly.com/ppservices/60-minute-initial-meeting

Watch Retirement Reality on Demand: https://bit.ly/40VIByr

Join us as we explore the evolving benchmarks for retirement savings, the importance of proper planning over mere goal-setting, and the role of charitable contributions in financial strategies. We’ll break it all down and explore what these new numbers mean for your financial future.

Here’s what we discuss in this episode:

0:00 - Intro

1:28 – Is there a universal retirement benchmark?

2:41 – Charitable giving

4:23 – The fear of never being able to retire

5:30 – Average 401k contribution

7:11 – Target date funds

8:44 – Roth 401ks

10:24 – Taking care of yourself in the present

Text RETIRE to 21000 to Begin Building Your Retirement Reality Roadmap.

Learn more about Principal Preservation Services: https://principalpreservationservices.com

Schedule an Initial Meeting with Mike: https://calendly.com/ppservices/60-minute-initial-meeting

Watch Retirement Reality on Demand: https://bit.ly/40VIByr

🎄 The holiday season is here! As you're busy stuffing stockings for your loved ones, don’t forget to stuff your own financial stocking with tips that bring you closer to a secure retirement. 🎁

Here’s what we discuss in this episode:

0:00 - Intro

1:03 – Maxing out contributions

2:04 – Reviewing your Social Security strategy

3:55 – Consolidating old retirement accounts

5:28 – Bucket strategy

7:07 – Revisit your estate plan

8:40 – Planning for inflation

10:05 – RMDs

11:11 – Risk tolerance

12:54 – Emergency funds

14:39 – Financial checkups

Text RETIRE to 21000 to Begin Building Your Retirement Reality Roadmap.

Learn more about Principal Preservation Services: https://principalpreservationservices.com

Schedule an Initial Meeting with Mike: https://calendly.com/ppservices/60-minute-initial-meeting

Watch Retirement Reality on Demand: https://bit.ly/40VIByr

Did ​you ​know ​that ​most ​Americans ​are ​forced ​to ​retire ​early? ​A ​little ​bit ​more ​than ​you ​might ​actually ​realize. The Transamerica Center for Retirement Studies found that 60% of Americans are forced to retire earlier than their planned age.​ On this show, ​we're ​going ​to ​talk ​about ​some ​things ​to ​think ​about and the next steps to consider if you find yourself in this situation.  

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

0:00 – Intro

1:33 – How we guide clients in that situation

3:18 – Why people retire earlier than planned

4:28 – Social Security and Medicare

7:11 – Preparing for the unexpected

13:19 – The mindset shift

For more, visit us online: http://philstaxhacks.com

Watch the video podcast on YouTube: Phil's Tax Hacks and Other Retirement Facts

Retirees face serious financial temptations that can jeopardize their future, but there are smart ways to avoid them. In this episode, we’ll reveal the most dangerous temptations the average retiree faces and share strategies to help you avoid them, or correct your current course, to keep retirement on track.

Here’s what we discuss in this episode:

0:00 - Intro

1:00 – Debt

3:45 – Missing out on a 401k match

5:09 – Deferring taxes

8:23 – Taking Social Security early

10:28 – Concluding thoughts

Text RETIRE to 21000 to Begin Building Your Retirement Reality Roadmap.

Learn more about Principal Preservation Services: https://principalpreservationservices.com

Schedule an Initial Meeting with Mike: https://calendly.com/ppservices/60-minute-initial-meeting

Watch Retirement Reality on Demand: https://bit.ly/40VIByr

Today it’s part two of our discussion about  the crucial insights every investor should know before stepping into a financial advisor's office.

This week, learn about the importance of comprehensive planning beyond investments, the emotional side of financial decisions, and the value of diversification. Discover why financial planning isn't just for the wealthy and the significance of working with a fiduciary. Plus, get insights on maintaining regular reviews of your financial plan and why consistent contributions to your 401k matter more than market timing.

Here’s what we discuss in this episode:

0:00 – Intro

1:42 – Emotions

3:18 – Diversification

4:33 – Planning not just for the wealthy

6:35 – Reviewing regularly

8:06 – Fiduciary

10:25 – Question on retirement contributions

Learn more about Principal Preservation Services: https://principalpreservationservices.com

Schedule an Initial Meeting with Mike: https://calendly.com/ppservices/60-minute-initial-meeting

Watch Retirement Reality on Demand: https://bit.ly/40VIByr