Retiring Today

According to a Morningstar report, 70% of people turning age 65 will need some type of long-term care services in their life and 24% of people turning 65 will require paid long-term care for more than two years. There are many costs in retirement you can plan for with a high degree of certainty. The fun stuff like visiting grandkids, traveling or living each day like it is Saturday. The necessary stuff like cost of living and taxes. One piece you can't predict with as much certainty is your health. In this episode of Retiring Today, Loren and Molly are talking about rewriting the rules of long-term care. 

Do you find yourself spending more time daydreaming about hanging out with grandkids, relaxing by the beach or doing your favorite hobbies and less time on getting up each day to go to work? If you've got the itch to trade your career in for fishing, volunteering or other fun then it may be time to retire. In this episode of Retiring Today, we talk you step-by-step through the move after you decide it's time to retire. 

We're often taught to use benchmarks to measure the success of our investment performance but as an industry we don't provide a lot of education around index construction. In this episode of Retiring Today, we talk about benchmark performance vs retirement performance. 

Contrary to what we're often told, our product is not the plan. A retirement plan does include investments but the comprehensive customized plan incorporates a lot of other moving parts. In this never heard before podcast, Loren and Molly will be discussing the junk drawer of investments and the best way to organize them. 

Retirement can be scary for some. With so many unknowns and unpredictable aspects, it's understandable you can feel scared at times. In this episode of Retiring Today, we breakdown some of the most common scares that may haunt people and how you can fight back with a retirement plan to help you achieve the retirement of your dreams.

They say hindsight is 2020. But who could have told us 2020 would play out like this? How could the outcome of the 2020 presidential election affect you and your retirement vision? Find out in this special episode of Retiring Today!

Whether you are a Trump supporter, Biden supporter, undecided or not interested in casting a vote, both candidates have plans for taxes, health care and Social Security that could impact your retirement. In this special edition of Retiring Today, we breakdown each candidate's plan and how your retirement could be affected by this election. 

Market hate uncertainty. Election years always bring some uncertainty to the table as candidates from different viewpoints campaign and discuss potential policy changes. There's even MORE uncertainty with 2020 - elections, COVID and the consequent economic fallout, employment and education unknowns and whatever else 2020 wants to throw at us. In this episode of Retiring Today, Retirement Income Certified Professional®, Abby Huntrods, joins us in the podcast booth to talk how politics can play a big role in your retirement. 

Show Notes:

Health care is a HUGE part of the overall retirement planning equation. From electing the Medicare options that are right for you to when is the best time to elect Medicare, there are a lot of questions that can come up. In this episode of Retiring Today, we uncover some of the mysteries, misconceptions and common questions about Medicare and supplemental plans with the Director of Medicare at Merkle Retirement Planning, AnnaMarie Morrow. 

Most people think of tax season as January through April but as the end of the year draws near the window of opportunity for tax planning in 2020 is closing. When it comes to retirement, taxes are one of the biggest wealth eroding factors but if you implement a proactive tax plan you can control some of that future tax risk. During your working years there's much less you can do to control/limit your tax liability from year to year. When we talk about implementing a tax plan, we're focused on how to be most tax-efficient over your lifetime rather than saving the most tax today which historically has been the most common school of thought. In this episode of Retiring Today, we're going to be talking about some strategies to consider and information to gather prior to the December 31st deadline.