Secure Your Retirement

Do you have retirement questions that you’d like us to answer over a glass of wine?

In this episode of the Secure Your Retirement podcast, we answer five common questions that we get over a glass of St. Innocent Crémant d'Innocent wine. We cover questions on saving for retirement, when to take social security, risk exposure, annuities for retirement, and how taxes affect your retirement.

Listen in to learn why some of these situations really depend on your specific situation and should be handled individually.

In this episode, find out:

• Factors that go into how much you need to save for your retirement plan and why it’s all relative.
• Why you need to look at your specific situation on when to take your social security.
• Always be thinking about your risk exposure when planning/managing your retirement.
• The questions you need to ask yourself about risk exposure when investing.
• Three reasons why you would look into an annuity for your retirement.
• When an annuity can be a good option to consider.
• How taxes affect your retirement plan and what you can do proactively.

Tweetable Quotes:

“You should always be thinking about your risk exposure.”- Murs Tariq

“If you need lifetime income like a pension, then an annuity could be an option.”- Radon Stancil

Below are the links to all of the podcast episodes on the Annuity series.

Annuities – Why Ever Use Them – Part 1

Annuities – Why Ever Use Them – Part 2

Annuities – Why Ever Use Them – Part 3

Annuities – Why Ever Use Them – Part 4

Annuities – Why Ever Use Them – Part 5

Annuities – Why Ever Use Them – Part 6

Annuities – Why Ever Use Them – Part 7

Annuities – Why Ever Use Them – Part 8

Here is the link to the Annuity video blog posts.

Click here to view the blog posts associated with the Annuity episodes

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 thought of having a risk-adjusted portfolio? A good risk-adjusted portfolio protects you from a significant market risk like a sudden pandemic.

There are traditional ways of adjusting a portfolio to risk, but even those don’t work sometimes. If you want to adopt a risk-adjusted portfolio, do the research, think of what works best for you, and then have a conversation with your financial advisor.

In this episode of the Secure Your Retirement podcast, we talk about a risk-adjusted portfolio and why it’s better to do it with the supply and demand method instead of asset allocation. Listen in to learn how to adjust your portfolio risk using the bond alternative.

In this episode, find out:

●     The factors that determine an individual risk-adjusted portfolio.

●     Understanding asset allocation and why the typical methods of it can be risky too.

●     Understanding the year-to-date and max drawdown returns.

●     How to do a risk-adjusted portfolio with supply and demand instead of asset allocation.

●     Safe growth – transferring of a down in the market over to the insurance company.

●     How to adjust your portfolio risk using the bond alternative.

Tweetable Quotes:

●     “As a person gets closer to and gets into retirement; risks can change.”- Radon Stancil

●     “After being a wreck, you’re the safest you could ever be.”- Radon Stancil

●     “Some are comfortable with the concept of just doing a 60/40 asset allocation, and some are not and we have to think a little bit differently.” - 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.

What does your legacy mean to you? How do you want to approach designing your legacy to be impactful?

Having a legacy means knowing yourself and being true to who you are beyond the career you’ve had. It’s important to have the right coaching to help you answer powerful questions and complete assignments to design your legacy.

In this episode of the Secure Your Retirement podcast, we have Angelina Carlton, a legacy planner helping leaders struggling with planning their personal legacy. Listen in to learn why designing your legacy requires courage and perseverance. 

In this episode, find out:

·      How Angelina came up with the idea of legacy coaching after years of being in commercial real estate.

·      Understanding your guiding principles and knowing yourself better to pursue your legacy.

·      Why legacy is about getting to know who you are beyond who you were in your career.

·      How powerful questioning and assignments in coaching allow people to find their legacy.

·      The importance of knowing yourself to achieve freedom, fulfillment, and satisfaction in your legacy.

·      Having the courage and the willingness to persevere towards your legacy.

·      Understand what legacy means to you and get the coaching that will help you get there.

·      How to get in touch with Angelina and the steps to her coaching to help you design your legacy. 

Tweetable Quotes:

·      “Legacy has a lot to do with integrity, being true to ourselves when we’re in this lifetime.”- Angelina Carlton

·      “A legacy is for those who are willing to persevere; it is a courageous journey to want to know yourself.”- Angelina Carlton

Get in Touch with Angelina:

·      Website: https://www.angelinacarleton.com/

·      LinkedIn: https://www.linkedin.com/in/angelinacarleton/

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 having issues with your digestive system as you grow older? Or maybe you just want to have a better digestive system?

In this episode of the Secure Your Retirement podcast, we have Norm Robillard, founder of Digestive Health Institute, gut health expert, microbiologist, and the creator of the Fast Tract Diet. We talk about gut health and the components and benefits of Norm’s Fast Tract Diet program.

Listen in to learn why as you get older, you should adopt a high-fat high protein diet as opposed to a high carb diet. 

In this episode, find out:

●     Norm explains his background in gut health and how he started the Digestive Health Institute.

●     How he created the Fast Tract Diet by researching the easier and harder to digest carbohydrates.

●     Why people over 65 years should consume more fats and proteins over carbs.

●     Have foods with a few numbers of grams of fermentable carbs.

●     The potential underlying or contributing factors that can affect your gut. 

●     The behaviors and practices that you can adopt to improve how well you digest food.

●     What to do and not to do when it comes to digestive supplements.

●     Resources to learn more about the Fast Tract Diet.

Tweetable Quotes:

●     “In the US, diabetes, prediabetes, and metabolic disorders are huge, potentially impacting 50% of the population.”- Norm Robillard

●     “Carbohydrate’s intolerance metabolically and from a digestive standpoint is such a big problem.”- Norm Robillard

●     “There are a lot of behaviors and practices that you can adopt that will improve how well you digest foods.”- Norm Robillard

Get in Touch with Norm:

●     Website: https://digestivehealthinstitute.org/

●     LinkedIn: https://www.linkedin.com/in/norm-robillard-ph-d-9453565/

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.

If you want to start securing your retirement, then it is time to be aware of the types of retirement planning options available for you. 

In this episode of the Secure Your Retirement podcast, we talk about retirement planning options and our strategy at POM over a glass of Brickyard Wine. We explain the three types of financial advisors and what they offer.

Listen in to learn more about our comprehensive retirement planning strategy and why we believe it’s beneficial.

In this episode, find out:

●     The type of financial advisor that helps you as just an investment manager.

●     The type of financial advisor that helps you create a financial plan but not necessarily how to implement it.

●     The one-stop-shop financial advisor – creates and helps you implement a financial plan.

●     Our comprehensive retirement planning – investment strategy, income planning, taxes, and estate planning.

●     How we built a foundation to establish if retirement is possible while looking into the different scenarios that might occur.

●     How we developed relationships with CPAs to provide tax strategies to our clients.

●     Mur’s on his experience working for POM for 10 years and the benefits of the continued growth.

●     How we continue to evolve through growth and putting out education.

Tweetable Quotes:

●     “We have a structure to do all things in one particular place where a person doesn’t have to go to multiple locations.”- Radon Stancil

●     “If you don’t continue learning or adding services, then eventually you’re going to be left behind.”- 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 aware of the tax situation for 2022? Things have changed when it comes to tax as they do every year and 2022 is no exception.

It is important to have information on what you can do and how you’ll be impacted as you proceed to make your financial goals for 2022.

In this episode of the Secure Your Retirement podcast, we talk about the 2022 tax changes to help guide you to better financial goals. We discuss ordinary tax, long-term capital gains, Medicare, social security, and some other things about tax that you need to know for 2022.

In this episode, find out:

●     The expected changes on the ordinary tax situation according to your tax bracket.

●     A tiered tax system – understanding the adjusted gross income and how to calculate your effective tax rate.

●     Understanding why tax rates will go up in the near future as you plan and strategize.

●     The changes in standard deductions and how they will affect your income in 2022 as a single or married earner.

●     How your salary deferred retirement plans will be tax impacted.  

●     The capital gains tax changes and why it’s advantageous to have a long-term capital gain plan.

●     Why social security is taxable, and to what degree of income it’s taxable.

●     The expected increases on your Medicare Premium Part B in 2022.

●     How income outside of your social security will lead to a penalty or reduced benefits.

●     How you can contribute to a Roth IRA in 2022 and why you should.

Tweetable Quotes:

●     “The long-term and short-term thing does not apply at all in the ordinary income tax.”- Radon Stancil

●     “There are limitations as to how much income you can make if you take social security early.”- 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.

How will the economy be impacted now that 2022 is here? Covid rates are finally going down and the pandemic is slowly becoming a thing of the past, but how will that impact our economy? 

The US is continuing to reopen and even though we’re still experiencing the aftermath of the pandemic- the inflation rates and the markets are getting back to how they’ve historically been.

In this episode of the Secure Your Retirement podcast, we have Andrew Opdyke, a Certified Financial Advisor, Economist at First Trust Advisor. He explains how the 2022 midterm elections are likely going to affect our economy in terms of tax hikes and the stimulus.

In this episode, find out:

• The positives witnessed in 2021 – the Covid and market situation and what to expect in 2022.
• The expected supply chain progressiveness, which might move the inflation rate later in the year.
• How policy changes and the political climate will likely impact our economy in 2022.
• Why the market is getting tougher and how that will affect the S and P companies.
• Expect the markets to look more like they have historically and not at the same pace they have over the last 2-3 years.
• What the feds need to do to avoid significant market volatility in 2022 and possibly 2023.
• Andrew’s surprise of 2021 on how well companies performed and technological progress.
• Why he’s excited to get back to fundamentals in 2022, and a possible industrial breakthrough.

Tweetable Quotes:

• “Politics is going to play a big role this year on whether or not we get tax hikes and additional stimulus coming into the system.”- Andrew Opdyke
• “We should reset expectations for 2022 and expect the markets to look more like they have historically, high single digits into low double digits for market growth.”- Andrew Opdyke

Get in Touch with Andrew:

LinkedIn: https://www.linkedin.com/in/andrewopdyke/

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 wondering what you can do now at the beginning of this year to prevent you from scrambling at the end of it?

Whether you’re in the retirement or accumulation phase of your life, it is important that you have goals for the new year. Writing down your goals increases your chances of achieving them.

In this episode of the Secure Your Retirement podcast, we talk about your 2022 financial goals to help you maintain an active retirement plan. We cover why topics on cash flow, emergency funds, taxes, and debt should be considered as part of your 2022 issues to look into.

In this episode, find out:

●     Take a moment and write down the top 3-5 goals you have this year.

●     Consider how your goals will affect others even as you think of how they’ll affect you.

●     Set attainable short-term goals not to overwhelm yourself.

●     Documenting your goals makes it easier to hold yourself accountable and accomplish them.

●     The things to think about to get your cash in order when you’re in the accumulation phase.

●     The strategies to consider with your RMDs and QCDs as a way of managing your cash flow.

●     Reevaluate your emergency fund when it overgrows and invest in an earning account.

●     Review your risk tolerance and understand that you can become more or less risky at any moment.

●     Take advantage of the current low tax environment and look into mortgage refinancing.

●     Come up with a plan to attack any debt you have unless it’s a mortgage.

●     Plan and be ready to file your taxes in April on the normal tax date.

●     Review your estate plan and ensure you have a power of attorney and healthcare power of attorney in place.

Tweetable Quotes:

●     “Really understand what your risk tolerance is and realize that it can change, you can become riskier and you can become less risky.”- Radon Stancil

●     “You never want to miss an RMD; there’s a significant penalty for missing an RMD, so if you’re above age 72, think about your RMD.”- 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 a teenager with the goal of achieving financial and time freedom before the retirement age? Or maybe you’d like for your teenager to consider following this path?

There are different paths that young people can learn about and adopt to build their financial future without following the traditional “9 to 5 then retire” path. Dan explains how teens can start getting involved with finances early to build a financially free future as is written in his book.

In this episode of the Secure Your Retirement podcast, we have Dan Sheeks, a high school teacher well-known in personal finance and author of First to a Million: A Teenager's Guide to Achieving Early Financial Independence. We cover how financial freedom can lead to time freedom that allows you to decide where you want to spend your time doing what you want.

In this episode, find out:

• Why Dan wrote a book to help young people make better financial decisions and set themselves up for a bright financial future.
• The F.I.R.E Movement (Financial Independence Retire Early) – how to be financially free before the retirement age.
• The few things you can do as a parent to motivate your teenager to actively think about their financial future.
• The value of adding your teen onto your existing credit cards as an authorized user to build their credit while you oversee their spending.
• How 18 and over teens can grow their credit through responsible credit card use.
• How the First to a Million book and workbook opens teenagers up to different life and financial paths as opposed to the traditional ones.
• Dan’s online community connects teens to other financially like-minded young people.

Tweetable Quotes:

• “You can’t make a young person want to learn about money and their financial future.”- Dan Sheeks
• “As parents, we should be adding our teenagers onto our existing credit cards as an authorized user.”-Dan Sheeks
• “There’s no loophole or shortcut to building the length of credit history- that just takes time.”- Dan Sheeks

Get the Book or Join the Community:

• The Books: http://biggerpockets.com/teen
• The community: https://www.sheeksfreaks.com/

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.

Is long-term care something you’re thinking about or a conversation you’re having with your loved ones? It is important that you know all the risks involved and the options you have when it comes to long-term care.

You have to keep in mind that long-term care, be it nursing homes or assisted care living is very expensive.

In this episode of the Secure Your Retirement podcast, we talk about long-term care as part of your retirement financial plan. We cover your options from self-insuring to traditional long-term care insurance and the best viable one for you.

In this episode, find out:

• The big ANNOUNCEMENT on continuing to offer you value.
• The long-term questions you need to understand options for.
• Understanding how the basic numbers are, for nursing homes and assisted care living.
• Self-insure – funding your long-term care and taking life insurance so you don’t take away from your children.
• Traditional long-term care insurance – why most people are not looking into it plus some hybrid policies options you can look into.
• The process we use to help clients have the long-term care conversation and the potential risks.

Tweetable Quotes:

• “It’s really optimal if you’re paying life insurance premium because in reality, if you’re going to leave money behind, it’s actually the greatest way to leave money behind because the beneficiaries get all of the death benefit 100% tax-free.”- Radon Stancil
• “What we’re doing in our plans in every situation is all based on your numbers, goals, and scenarios.”- 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.