roadmap to RETIREMENT

In this episode of ‘Roadmap to Retirement, I am joined by Drew Norton from The Everyday Leader. We covered financial tips, investment strategies, and the importance of aligning personal passion with investment choices. Listen as we discuss the psychological aspects of money, using books such as ‘The Psychology of Money’ and ‘Rich Dad Poor Dad’ to frame the conversation. Drew shares his journey from door-to-door sales to real estate investment and offers advice on entering the real estate market.

Have you heard of the 75 hard challenge? Drew and I share our experiences as we are nearing the end of our 75 days. It is a good test of resilience, patience and strength.

The discussion concludes with reflections on sales as a form of leadership and the importance of finding a balance between work and personal life.

If anyone would like to connect or follow Drew on social media or his podcast: https://linktr.ee/theeverydaysalesleader 

Thanks for listening and come back next week for a new episode!

Jamie Abraham from Gray Locey CPA PLLC, is back for another episode to discuss key strategies for maximizing tax benefits and retirement savings. The discussion includes client service principles, Roth conversions, tax strategies like bunching deductions, and the potential impacts of the Trump tax code changes.

Key topics include the extension of the Tax Cuts and Jobs Act, SALT cap changes, tariffs, taxation on Social Security, bonus depreciation for small businesses, and new tax credits for childcare and elderly care. The episode aims to provide insights for individuals and small business owners navigating upcoming tax legislation changes.

Come back next week for another new episode!

In this episode of ‘Roadmap to Retirement,’ it is just me this week! This week’s episode surrounds distribution planning in detail. I want to emphasize the importance of attaching meaning to savings and planning for future spending. We are going to cover the 4 percent rule, advising you, the listener to think of their savings in terms of annual income generated rather than lump sum amounts.  Introducing the bucket strategy for managing short, medium, and long-term investments and explaining how to handle lump sum needs in retirement, including the benefits of tax diversity. I address common retirement spending patterns and underscore the significance of attaching personal meaning to retirement savings. Throughout, I want to encourage smart saving and spending habits to ensure a fulfilling retirement.

Thank you for listening, subscribing and sharing! See you next week for another episode.

Back by popular demand for a THIRD time, Marshal Scheidt!

On this episode of Roadmap to Retirement, I am joined by Marshal for another Q&A. We will be answering questions from the last ten or so episodes that you, the listeners, asked.

Key topics include, prioritizing different types of insurance, understanding the benefits of high deductible health plans and Health Savings Accounts (HSAs), choosing between paying off debt versus saving, and the importance of Medicare enrollment. We also address end-of-year financial planning, such as tax loss harvesting and Roth conversions, as well as  investment strategies and political influences on portfolios. The episode emphasizes a blend of strategic financial decisions and tailored advice to individual situations.

As always, tune in next week for another episode, thanks for listening.

In this episode of the Roadmap to Retirement Podcast, I explore the vital role of various insurance types in financial planning with Amanda Harvat from KAFL Insurance Resources. We delve into the importance of life insurance, viewing it as an act of love and security for families. We also address the common misconceptions about the cost and adequacy of employer-provided policies, stressing the need for regular reviews of one’s insurance coverage. The discussion highlights the necessity of securing life insurance early for affordability and maintaining insurability, and extends to the limitations and misunderstandings surrounding disability insurance. We emphasize the significance of supplemental disability insurance tailored to specific occupations. We consider long-term care insurance and hybrid products that combine life insurance benefits with long-term care, offering solutions for asset preservation. The talk concludes with recommendations for additional liability insurance and provides contact information for further guidance, underscoring the critical nature of comprehensive financial protection.

Thank you for listening and as always, tune in next week for another new episode!

In this episode of the ‘Roadmap to Retirement’ podcast, I’m joined by Jenna D’Annunzio, a holistic business and mindset coach. Together, we explore the ‘money mindset,’ its impact on financial behaviors, and the importance of understanding personal belief systems. Jenna shares insights from her experience as a second-generation entrepreneur and co-owner of two coaching companies. We discuss the value of hiring a coach to gain different perspectives, the importance of self-awareness, goal setting, and effective communication in aligning financial goals in both business partnerships and personal relationships. The conversation touches on creating environments conducive to productivity and flow states, and navigating the balance between passion projects and sound financial practices. Additionally, Jenna’s contributions to the book series ‘Cracking the Rich Code’ are highlighted, emphasizing the multifaceted nature of being rich in life. We conclude with a reminder about the advisory nature of the content discussed.

Thank you for listening and as always, tune in next week for a new episode!

On this episode of the Roadmap to Retirement podcast, I am joined by Ashley Sullivan, a fellow CFP to discuss investment strategies during the election year and general market conditions. The conversation emphasizes the non-significance of election outcomes on long-term investment portfolios, highlighting that political headlines often introduce unnecessary noise through social media. We explore the limited impact of election results on financial markets over the last century, stressing the importance of sticking to financial plans irrespective of political changes. Key economic factors like inflation, interest rates, and corporate earnings are identified as more impactful than political shifts. Discussing the nuances of the Tax Cuts Act and impending changes, advocating for strategic planning to optimize financial health amid possible legislative changes. Ashley and I also explore tactics like risk assessment and using a bucket approach for retirees to manage investments wisely and maintain financial stability, emphasizing the psychological reassurance that comes from having an established financial roadmap.

Tune in next week for another new episode!

In this episode of the Roadmap to Retirement Podcast, I am joined by Nick Savas CFP® RICP® to discuss financial planning strategies tailored for young families, particularly focusing on a typical 30-something couple with young children. We explore key topics such as balancing savings for both retirement and college education, evaluating life insurance needs, and leveraging tax strategies like 529 plans and Dependent Care FSAs. Emphasizing goal setting, we advise prioritizing retirement savings as there are borrowing options for college but not for retirement. Nick and I want to emphasize the importance of life insurance, offering insights into determining the right coverage and correcting common misconceptions around it. Covering many topics from the challenges of saving for a child’s future amidst high childcare costs to offering a realistic view on budgeting versus expectations. With practical advice and detailed explanations, the episode aims to guide listeners through the complexities of financial planning for young families.

Tune in next week for a new episode!

In this episode of the Roadmap to Retirement Podcast, host Alex Neri, CFP, converses with Lacy Garcia, CEO and founder of Willow (TrustWillow.com), a platform likened to ‘Bumble’ for finding financial advisors. They discuss Willow’s focus on helping women and the next generation connect with the best-fit advisors who support both their financial needs and life goals.

The conversation addresses the historical focus of financial services on men and the need to cater to women and younger investors, who will hold significant wealth in the future. They delve into common challenges in financial planning, especially maintaining financial communication within couples, and making financial planning relatable and effective for women. The importance of being proactive and engaged in finances matters, regardless of one’s traditional role within a relationship, is emphasized, along with various strategies to foster better financial readiness and security.

Thank you for listening, come back next week for a new episode!

In this episode of Roadmap to Retirement, I am joined by Jim Pashalidis, RSSA®., a licensed insurance agent and host of the Community Connect Podcast. Tune in as we dive into crucial aspects of Medicare including its different parts (A, B, C, and D), the importance of planning ahead, and the potential changes expected in the upcoming years. Jim shares his journey from being a school teacher to becoming a Medicare advisor, emphasizing the importance of passion and education in his new career. The conversation also covers the Income Related Monthly Adjustment Amount (IRMA) and how income can affect Medicare premiums. We want to advise you, the listeners, to start planning as early as age 60 and consult professionals to prepare for retirement effectively. Jim and I stress the significance of avoiding predatory practices and ensuring financial literacy. Contact details for further consultation with Jim are provided below. Thanks for listening and make sure to come back next week for an episode on Financial Planning for Women!

LinkedIn: linkedin.com/in/jimpash

Website: m-poweragency.com 

Email: [email protected]

Phone Number: (585) 414 – 9633

Podcast: Community Connect