Retirement Reality Podcast

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

Another year is upon us and it’s a great time to ask yourself 10 questions to assess how ready you are for retirement to kick off 2023.

If you’re retiring this year, it’s essential to have some concrete answers to these questions. If you’re still a few years from the milestone, tune in so you can start thinking about these critical conversations.

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

• Do I know exactly how much income I need every month? (1:55)

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

The end of the year (or start of a new year) probably means you’re getting a lot of financial statements in your mailbox, or inbox if you’re paperless. Do you ever wonder what some of those terms mean as you look at your 401(k), IRA and other account balances?

From fine print to fees, listen to this episode for a breakdown of some of the terms you might come across.

On this episode, we’ll share:

• Are income projections valuable information? (2:19)

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

Get additional financial education on our YouTube channel: https://www.youtube.com/channel/UCJ6RRiWvkInUm_E3lg38T2g

Sometimes it might seem like talking to your financial advisor feels like talking to a therapist, and that’s ok. Today we’re discussing some scenarios where it’s almost inevitable that a talk with your advisor seems like a counseling session.

Whether you’re getting a divorce or having career difficulties, your financial advisor should be there to help guide you through the financial transition.

On this episode, we’ll share:

• How we help clients going through a divorce. (2:22)

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

Get additional financial education on our YouTube channel: https://www.youtube.com/channel/UCJ6RRiWvkInUm_E3lg38T2g

Sometimes you need to find a new financial advisor. Other times, you might think you need a new advisor, but really, you’re just guilty of thinking that the grass is greener on the other side.

Today we’re sharing some common scenarios and whether they’re legitimate reasons for leaving your advisor. We’ll share some hypothetical scenarios and see if any of these apply to you.

On this episode, we’ll share:

• Should I leave an advisor who made a mistake? (3:24)

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

Get additional financial education on our YouTube channel: https://www.youtube.com/channel/UCJ6RRiWvkInUm_E3lg38T2g

Getting through retirement can be a lot like running a marathon. From planning and preparation to a proper diet, a lot of these skills work in both worlds. With marathons, you don’t want to start to fast and tire yourself out before the finish. The same can be said for spending your retirement money.

Today we’ll share some of the similarities of getting to the finish line in racing and retirement.

On this episode, we’ll share:

• You might think you don’t need planning and preparation, but you’re wrong. (4:12)

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

Get additional financial education on our YouTube channel: https://www.youtube.com/channel/UCJ6RRiWvkInUm_E3lg38T2g