Retirement Reality Podcast

In today's episode, we'll explore the sensitive and significant process of transitioning from one financial advisor to another. We'll cover how to recognize when your current advisor may no longer be serving your financial needs effectively, the right questions to ask, and crucial factors to consider when searching for a new financial partner.

Here are some key topics to listen for in this episode:

• What are some of the reasons people decide they need to make a change?

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

In this episode, we’re tackling some common complaints and fears that can arise during the retirement planning process. These complaints often include concerns about advisors taking too much risk, dissatisfaction with account growth, high fees, worries about Social Security not being enough to retire on, and more. We'll discuss which concerns are well-founded, which are based on misconceptions, and offer insight on how retirees can best navigate their financial future.

Here are some key takeaways from this episode:

• Advisors should align investment risk with clients' preferences and needs. Clients should not feel forced into taking on more risk than they are comfortable with.

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

Money can't buy love, but it can certainly start some spicy debates between you and your better half. In part 1 of this series, we're digging into the financial face-offs that make Monopoly fights look like child's play and exploring some money minefields that can test even the most solid relationships.

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

• What is your risk tolerance with your investments? (3:41)

For more episodes and to get in touch with our team, visit us online here: http://principalpreservationservices.com

Welcome to part 2 of our series on mastering retirement cash flow. Last episode, we talked about expenses in your life that might drastically change in retirement. On today’s show, we’ll talk about income and why you need to understand the crucial role of income analysis. We’ll also explain why you never want to retire without an income plan and what various income sources you might have in retirement. 

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

• Why is understanding income so crucial? (2:35)

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

In this episode, we’ll explore many of the expenses in your life that might drastically change (one way or another) in retirement. We’ll break those expenses down further to see which ones are the top priorities and analyze some of the other factors that impact your cash flow in retirement.

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

• What is your housing situation? Is your mortgage paid off? (2:13)

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

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