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Just as we take measures to detoxify our bodies, we can also take actions to de-taxify our finances for retirement.

What does it mean to de-taxify your retirement? You’re about to find out. In today’s episode, Rey Descalso teaches you how to de-taxify and explains how Roth conversions come into play.

In this episode, you’ll learn:

What it means to de-taxify your retirement

Practical steps you can take to de-taxify your retirement

The difference between a Roth IRA and traditional IRA

What to consider before converting your traditional IRA to a Roth IRA

How to determine how much you should be converting every year

And more!

Tune in to learn how you can get free of your retirement baggage, including taxes!

Resources:  Privada Wealth Management

Rey Descalso continues with part four of his Stability Planning℠ mini-series by showing you a different way to look at the phrase: “Know thyself.”

Many people believe their experiences with finances, investing, and retirement planning are all dependent on numbers, markets, tax laws, and news events. But according to Rey, the majority of your financial success is based on your personal behavior.

in this episode, you’ll learn:

What it means to know thyself in Stability Planning℠

Three practical ways to develop emotional intelligence with your finances

What a fiduciary is and the two main functions a fiduciary can serve in your life

Why it’s important to be aware of your risk tolerance

And more!

Tune in and learn how to boost your financial self-awareness and emotional intelligence!

Resources:  Privada Wealth Management

 

Are you planning with the end in mind?

This approach to retirement planning is the core focus of income targeting, the third step of Stability PlanningSM. In today’s episode, Rey Descalso discusses the art of income targeting and how he helps clients create essential and effective income.

In this episode, you’ll learn:

About the purpose of income targeting

What the three E’s of expenses and the three L’s of income are

The importance of categorizing expenses into the three E’s.

The role of income targeting in retirement planning

And more!

Tune in now and discover the benefits of income targeting!

Resources:  Privada Wealth Management | Episode 5: Stability PlanningSM: Part 1 | Episode 6: Stability PlanningSM Part 2: Rules-Based Investing

 

In today’s episode, Rey speaks with guest, Cress Diglio, about the business brokerage business. Cress Diglio has been a business broker for the past 20 years. He’s a former chairman of the International Business Brokers Association, the world’s largest non-profit association of business brokers.

Cress talks all about being a business broker, his experience with buyers and sellers of different businesses, and how business owners impact the value of their business.

In this episode, you’ll learn:

Why business owners should use business brokers when exiting their business instead of going through the process themselves

Some of the biggest mistakes business owners make when running their business

The misconceptions business owners have about the value of their business

About the right time to talk to a business broker

How Cress Diglio helps individuals who want to buy a business

And more!

Tune in now to learn how you can benefit from working with a business broker!

Resources: Privada Wealth Management | IBBA

How do you approach investment-making decisions?

In today’s episode, Rey continues his discussion on Stability Planning℠. He delves into his investment philosophy called “rules-based investing” and provides colorful analogies to help you understand how it’s applied in the marketplace.

In this episode, you’ll learn:

What rules-based investing is

About the major flaws in a buy-and-hold investment approach

How rules-based investing works

About the foundational rules of investing

How indicators can be used to make investment decisions during market fluctuations

And more!

Tune in now to learn about rules-based investing so you can better make investment decisions.

Resources: Privada Wealth Management |

The term Stability PlanningSM doesn’t only apply to everyday life; it’s also relevant if you’re planning for retirement or already retired.

So what is Stability PlanningSM?

In this episode, Rey Descalso provides insight into his trademarked phrase at Privada Wealth Management. He explains this unique approach to financial planning and the role that the four factors of Stability PlanningSM play in building a solid investment portfolio.

In this episode, you’ll learn:

The meaning of Stability PlanningSM

How Stability PlanningSM applies to retirees and individuals who are planning to retire

About the four factors of Stability PlanningSM and their importance

An in-depth description of each factor and how they each apply to an investment

And more!

Tune in now to learn how you can use the four factors of Stability PlanningSM to build a better investment portfolio.

Resources:  Privada Wealth Management

Volatility is one of the challenges that people must endure when they start investing. Today, Rey compares the ups and downs of volatility to those of rollercoaster rides—and he wants to make sure that before you ride, you know what you’re signing up for.

In the second episode of Rey’s four-part series, you’ll learn about:

How you can overcome the fear and greed that comes with both sides of volatility

The worst time to get off the investment “rollercoaster”

The meaning of standard deviation

The importance of having a financial coach

Conversations you must have with your financial advisor to quantify risk

Rey’s approach to helping his clients get through this landmine

And more!

Tune in now and learn how to keep your peace of mind when dealing with the emotional side of investing during market volatility.

Resources:  Privada Wealth Management

 

Reaching your financial goals takes a good amount of knowledge and introspection. But by identifying threats and staying vigilant of common financial landmines, you can reclaim power over your financial future.

In the first episode of this four-part series you will learn about:

How your mindset around purchasing decisions can affect you in the long run

The impact consumerism has on your financial goals

Ways to cure yourself of consumer debt

The value of self-analysis and gratefulness in your financial situation

Setting goals as a motivator to beat pointless expenditure

How to decrease your chances of getting into debt

And more!

Tune in now and learn how to avoid one of the biggest challenges you might face on your road to financial peace.

Resources:  Privada Wealth Management

 

Reaching your financial goals takes a good amount of knowledge and introspection. But by identifying threats and staying vigilant of common financial landmines, you can reclaim power over your financial future.

In the first episode of this four-part series you will learn about:

How your mindset around purchasing decisions can affect you in the long run

The impact consumerism has on your financial goals

Ways to cure yourself of consumer debt

The value of self-analysis and gratefulness in your financial situation

Setting goals as a motivator to beat pointless expenditure

How to decrease your chances of getting into debt

And more!

Tune in now and learn how to avoid one of the biggest challenges you might face on your road to financial peace.

Resources:  Privada Wealth Management

 

The happiest investors and retirees have one thing in common—a sense of purpose that gets them up in the morning. They have a why.

In this episode, Rey explains how retiring with a sense of purpose can help you stay on track with your financial goals. He also delves into the external factors that influence retirement plans, along with the types of behavior you should adopt when planning for your future.

Here’s what you will learn about in this episode:

How Rey motivates his clients to stay on track of their financial goals

The myth of “financial peace”

Unforeseen factors that may disrupt your financial plan

Why you should keep your guard up and never settle or become passive about your finances

How becoming knowledgeable about your finances will help you in the long run

Reasons why you should stop thinking of your financial plan as being one-size-fits-all

How driving a stick shift is similar to learning about your finances

Why it’s important to look for a financial planner who will also serve as your teacher

And more!

Tune in now and learn about the mindset that helps Rey’s clients live their best life during retirement!

Resources:  Privada Wealth Management