Secure Your Retirement

Have you given thought to how you’d like to structure your retirement plan? How about a strategy that ensures you have both income and growth in retirement?

The bucket strategy is a simple strategy that will give you peace of mind through your retirement. The goal for your retirement should be to have access to money, an income stream, and growth on your money.

In this episode of the Secure Your Retirement podcast, we talk about the retirement bucket strategy and its peace of mind benefit. Listen in to learn how to separate the cash, income, and growth buckets and remove worries from your retirement plan.

In this episode, find out:

• The 3 buckets that make up our peace of mind first retirement strategy.
• Having a liquid cash bucket – an existing and protected emergency or feel-good fund.
• The income bucket – is a paycheck you can rely upon every single month to cover your needs and wants.  
• The growth bucket – a growing yet risky bucket and likely going to be in the stock market.
• Why the income bucket should be disconnected from any stock market fluctuations.
• How the peace of mind first retirement strategy removes any worry of the stock market fluctuations.

Tweetable Quotes:

• “The reason we can have some volatility in the growth bucket is because we know that our income is covered.”- Murs Tariq
• “When you retire, you want to make sure that you have the income coming in and you don’t want to worry about it.”- Radon Stancil 

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

How conscious are you about what you eat? Your health is indeed your wealth; staying healthy is one of the best financial strategies you can have.

Eating for health and wealth means eliminating sugar and bad ingredients from your diet and choosing to eat whole plant-based foods.  

In this episode of the Secure Your Retirement podcast, we have Lynne Bowman, author of the Brownies for Breakfast book. Listen in to learn the benefits of eating and sleeping to give your body time to clean and heal itself.

In this episode, find out:

●     Why staying healthy is one of the best financial strategies you can have.

●     How to be conscious about the food you eat to keep your finances and live a longer life.

●     The influence of a community on the way you eat and how healthy you live.

●     How to radically improve your health by eating and sleeping to give your body time to clean itself.

●     The importance of eating whole foods, plant-based foods, and well-sourced meat for better health.

●     Why eliminating sugar and bad ingredients in your diet can reduce food addictions.

●     How to substitute a good diet with moving your body with less strenuous exercises.

Tweetable Quotes:

●     “Staying healthy is one of the best preventive financial strategies you can have.”- Lynne Bowman

●     “The first thing you might consider doing to radically change your health is to stop eating all the time.”- Lynne Bowman

Get in Touch with Lynne:

●     Website: https://lynnebowman.com/

●     Book: Brownies for Breakfast by Lynne Bowman

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

We understand that social security isn’t the most exciting topic to talk about or listen to, but some questions need answers.

In this episode of the Secure Your Retirement podcast, we answer 3 major questions on social security over a glass of Rosé wine. We talk about social security benefits, taxes, and the right time to take social security.

Listen in to learn why you need an individual financial plan that dictates the right time to take social security rather than waiting until age 70.

In this episode, find out:

●     How to know what your social security benefits will be through the ssa.gov website.

●     The process of applying for social security once you know when to take it.

●     Understanding how spousal benefits work in social security.

●     The current youngest age that you can take your social security benefits.

●     The things to consider when taking social security early to avoid penalties.

●     The importance of having an advisor to help you think through the tax side of social security.

●     Why it is subjective when it comes to the right time to take your social security.

Tweetable Quotes:

●     “When you know when you want to apply for social security, you want to apply 3 months before.”- Murs Tariq

●     “If you’re taking social security, don’t think that it’s tax-free and you want to make sure that you run an analysis and you’re working with an advisor to help you think through tax.”- Radon Stancil

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

Are you aware of the things you can opt-in or not when it comes to your Medicare plan? It is important that you get enrolled in Medicare 3 months before turning 65 to avoid any delays caused by the existing backlog.

When it comes to Medicare, there’s part A which covers everything that happens in the hospital, and part B, which covers anything outside the hospital.

In this episode of the Secure Your Retirement podcast, we have Roderick Spann, a senior insurance specialist, talk about the 5 Medicare mistakes to avoid. Listen in to learn about the different parts of Medicare and the packages you can opt for.

In this episode, find out:

• Understanding the Medicare initial enrolment period and why it’s important.
• Understanding Medicare part B – insurance that covers anything outside the hospital.
• Part D – the importance of analyzing your prescription drug coverage.
• The original Medicare, what it covers, and the importance of having a Medicare supplement.
• The difference between a Medicare Advantage plan and a Medicare supplement.
• The benefits of comparing and understanding your retiree package plan and the Medicare plan.
• Speak to a professional to give you unbiased advice tailored to your specific Medicare needs.
• The process of getting enrolled into Medicare right before your 65th birthday.

Tweetable Quotes:

• “Original Medicare only covers 80% of your medically necessary services.”- Roderick Spann
• “Medicare is not one size fits all; a prescription plan that works for one person in one state or one specific zip code may not work for another person.”- Roderick Spann

Get in Touch with Roderick:

• LinkedIn: https://www.linkedin.com/in/roderickspann/

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

Have you heard of the 60/40 portfolio? This means that 60% of your investment money goes into stocks, and 40% goes into bonds.

This is fast changing in today’s world of high-interest rates, and the bond market is increasingly becoming hard. But how about a bond alternative?

In this episode of the Secure Your Retirement podcast, we talk about the changing world of bonds and the importance of bond alternatives. Listen in to learn why a bond alternative is supposed to provide the same goal as a bond, which is to lower risk and provide income.

In this episode, find out:

●     The 60/40 portfolio and how it protects you from stock market volatility.

●     How the high-interest rates are affecting the bond market negatively.

●     A bond alternative is supposed to fulfill the same goal the bond was going to fulfill.

●     Why fixed index annuities provide an excellent bond alternative.

●     How we come up with a long-term bond alternative plan that’s safe, reliable, and not volatile.

●     Bonds are not evil, but it’s important you think about bond alternatives.

Tweetable Quotes:

●     “When interest rates go up, that affects bonds negatively.”- Radon Stancil

●     “Everything about investing is purely about how you understand it, perceive it, and what your expectations are.”- Murs Tariq

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

Have you ever thought of investing in real estate outside of the US market, specifically in Panama? What if you learned that it’s a booming real estate market that’s only getting better?

Investing in Panama can be easy, affordable, and suitable for anyone planning to relocate to Panama or add to their real estate portfolio.

In this episode of the Secure Your Retirement podcast, we have Evie Brooks, an elite Real Estate Investment Educator, entrepreneur, and former Advanced Trainer for “Rich Dad Poor Dad”, who now specializes in Panama real estate for expatriates.

Listen in to learn why you need to invest in international investing education to avoid losing money to scammers.

In this episode, find out:

• Evie on her career in real estate investing and her passion for educating on the subject.
• Why she ended up in Panama for real estate investing and why it’s a good investing market.
• The healthcare situation in Panama and why it’s way more affordable than the US.
• How to invest in real estate projects in Panama and become an expert in the field.
• How Evie and her team make investing in Panama easier for international investors.
• Why you need education before investing internationally to avoid losing money to scammers.
• The types of lifestyles to consider in Panama if you’re considering relocating.

Tweetable Quotes:

• “Being able to invest in Panama is simple if you know where to go and who to contact.”- Evie Brooks
• “Do it the right way and you won’t spend near what you would lose if you try to figure investing in Panama on your own.”- Evie Brooks

Get in Touch with Evie:

• Website: https://eviebrookspanama.com/
• LinkedIn: https://www.linkedin.com/in/eviespeaks/

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

What are your burning questions about your retirement planning and the market volatility of 2022?

We’re experiencing a high inflation rate in 2022 as we try to recover from the 2020 pandemic damage and other factors. How does this situation affect your retirement portfolio? What should you do or not do?

In this episode of the Secure Your Retirement podcast, we answer 3 questions on investing in 2022. Listen in to learn why there’s a time to be invested and a time to be on the sidelines during market volatility periods like 2022.

In this episode, find out:

●     Why the current inflation rate shouldn’t affect your long-term retirement plan.

●     Why your retirement plan needs to be actively managed and run on average inflation rates.

●     A retirement plan shouldn’t change due to a good or bad inflation year.

●     Why market volatility shouldn’t be a reason to get your investment out of the market.

●     No demand and too much supply should encourage you to get your investment out of the market.

●     Get a professional to help you figure out when to get in or out of the market.

●     Why you have to be very careful when looking into bond investments right now.

●     How bond alternatives give your investment safety but limited liquidity.

Tweetable Quotes:

●     “We shouldn’t change the whole plan over a bad or good year when it comes to inflation.”- Radon Stancil

●     “As interest rates go up, it’s going to impact bonds negatively and we’re seeing that right now.”- Murs Tariq

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

Are you torn between investing in a mutual fund or an ETF?

Both mutual funds and exchange-traded funds (ETFs) are alike in many ways but also have a few differences. They both make investing very easy and represent diversification.

In this episode of the Secure Your Retirement podcast, we talk about the differences between a mutual fund and an ETF. Listen in to learn why ETFs are more efficient and low-cost as compared to mutual funds and are suitable for anyone looking to be actively managed.

In this episode, find out:

• Defining a mutual fund – a fund with a purpose that can represent multiple stocks.
• How a mutual fund operates on an “end of day pricing” during purchase and sale.
• How an ETF operates the same way as an individual stock and can be sold or bought at any moment of the day.
• The actively managed advantage that both mutual funds and ETFs offer.
• A mutual fund has a higher expense ratio compared to an ETF which is more efficiently managed.
• An ETF enables you to get in and out of the market without having to wait for the market to close.

Tweetable Quotes:

• “A mutual fund is designed as a company that is there to make a profit, and so it’s going to have a manager, a team under the manager, and all the overhead that it takes to manage it.”- Murs Tariq
• “There’s no way to invest for free; you’re always going to have some fees in whatever investment you choose.”- Murs Tariq
• “If you’re trying to decide between a mutual fund and an ETF, it’s worthy to try to figure out how each works.”- Radon Stancil

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

When it comes to assisted care living, there are other alternatives much better and more affordable than the big facilities.

The adult family care home is an affordable form of assisted living, where the homeowner lives with their residents and offers them a more personalized type of care. It is also a great venture to start as part of your retirement plan to help you gain financial stability.

In this episode of the Secure Your Retirement podcast, we have Marcia Miller, owner/CEO of the Serenity Adult Family Care Home, a 5-bed residential assisted living facility. She’s also the founder of the Spill the Beans Institute, where she helps people learn how to care for their loved ones at home.

Listen in to learn how starting an adult family care home can help you gain financial stability while providing quality care for your loved ones.

In this episode, find out:

• Why private caregiving homes should be considered as a viable option.
• The one-on-one experience that the adult family care home provides as opposed to the big assisted living facilities.
• How you can gain the skills to care for your loved ones at home and gain some financial stability while at it.
• How being a caregiver can help you plan for your retirement.
• How a good health assessment is used to determine if a client is eligible for an adult family care home.
• How to find an adult family care home for your loved one if you’re in Florida.
• The importance of preparing and planning for assisted living at any age as part of your retirement.

Tweetable Quotes:

• “The adult family care home is where the owner lives with the residents.”- Marcia Miller
• “The adult family care home price points are way less than say a nursing home, and you get to give your loved one a person-centered care that they truly need and deserve.”- Marcia Miller

Get in Touch with Marcia:

LinkedIn: https://www.linkedin.com/in/marcia-miller-927b80166/

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

The threat is increasingly becoming bigger where cyber security is concerned. How do you protect your money, your business, and or your customers from cyber frauds and identity thefts?

When improving cybersecurity tools in your business, you have to do it efficiently to avoid friction and abandon rates with your customers.

In this episode of the Secure Your Retirement podcast, we have Jaime Ramirez, CEO & Founder of Preventor, a risk and identity management platform. Listen in to learn the importance of staying prepared and protected from any possible cybercrimes.

In this episode, find out:

• Jamie’s background in cybersecurity and how he’s helping businesses protect themselves.
• Understanding how to protect your business from fraud and who you’re working with to help you do so.
• Some of the best practices to protect a client from cyber frauds and identity thefts.
• How to efficiently avoid friction and abandonment rate with your customers when improving your business’s cybersecurity.
• The creative ways that cyber offenders are using to steal money and other things from businesses.

Tweetable Quotes:

• “What you’re looking for is how to use those tools in your business and how to automate what you’re doing in an efficient way to protect your business without having friction or high abandon rate with your customers.”- Jaime Ramirez
• “We want to stay as vigilant as possible in these tough times of all these different things that are going on with hacking, technology, and security breaches.”- Murs Tariq

Get in Touch with Jaime:

• Website: https://www.preventor.com/
• LinkedIn: https://www.linkedin.com/in/jaimeramirez-/

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.