Secure Your Retirement

What were your favorite moments or highlights of the Secure Your Retirement Podcast in 2021? Whatever episode(s) you liked better, we hope it was informational and fun for you.

In this episode of the Secure Your Retirement podcast, we have Laura, Nick Hemmingsen, and Morgan Dunn to share what their 2021-episode highlights were over a glass of La Marco Prosecco wine. Listen in to learn more about our favorite episodes, why we liked them the most, and why you should go back and listen if you haven’t already.

In this episode, find out:

• Ep. 35 – Andrea Groon on the impact of your diet on your physical and mental health.
• Ep. 80 – The take and risks to consider when going for cryptocurrency investing.
• Ep. 39& 71 – Learning art and retirement, plus some grilling lessons from the grill like a chef episode.
• Ep. 26 + a few more on the breakdown on annuities to help you understand the subject.
• Ep. 17& 19 – reverse mortgages plus buy & hold.
• Ep. 129 – the concept of CCRC, how they work, and why the conversation is important.
• Ep. 97& 86 – information on social security and life insurance.
• Why do we focus on the fun side of retirement on top of the “boring stuff”.

Tweetable Quotes:

• “You can invest in cryptocurrency if you’re willing to lose it; you just have to be willing to lose it.”- Radon Stancil
• “Start the CCRC conversations right now so when it comes to that time you already know what everybody wish is, and how to carry things out.”- Morgan Dunn

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’re considering retiring before the Medicare age of 65, there are a few things you need to know.

When thinking of early retirement, it is important that you consult a financial professional to help you put together a spreadsheet on the factors to consider.

In this episode of the Secure Your Retirement podcast, we talk about retirement before Medicare and the factors to consider before doing so. Listen in to learn when it’s beneficial to wait for age 70 to take your social security and when it’s not.

In this episode, find out:

●     Understanding what it means by saying retirement before Medicare.

●     The factors to consider when it comes to your healthcare when you choose to retire before Medicare.

●     The difference between doing calculations on your own versus using a professional.

●     When you’re eligible to take your social security and whether or not you should wait to take it.

●     Don’t try to create a spreadsheet alone and instead consult professionals like us to help you make it easier.

Tweetable Quotes:

●     “If you retire before 65, you’re not eligible for Medicare.”- Murs Tariq

●     “When you’re doing this on your own sometimes, it’s hard to make those calculations.”- 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.

Do you find the idea of creating an estate plan overwhelming and time-consuming?

It is crucial that we make time with our spouses and have a conversation around estate planning because it’s about our children. We mostly spend our lives building wealth and preparing for retirement and forget to plan for when we’re not here, which is inevitable.   

In this episode of the Secure Your Retirement podcast, we have Andres Mazabel, a business development manager who helps families protect their loved ones by creating an estate plan. We cover the importance of an estate plan, the process of preparing and creating one, and much more.

In this episode, find out:

• Why lack of education, high cost, and fear of conversations around death stop people from preparing an estate plan.
• Why you should make the selfless decision to create an estate plan.
• The most common documents you need to have in order to start creating your estate plan.
• The two most common situations when an estate plan is crucial.
• Andres explains how they provide education and help families through their estate planning journey.
• Keep in mind that you can always make changes to your estate plan when you need to.
• The meaning of an estate plan being state-specific plus how Andres keeps up with any language/law changes for his clients.
• Understanding when to look into updating your estate plan.
• The time and process it takes to input information and execute an estate plan.

Tweetable Quotes:

• “It is a heavy decision, a heavy conversation to have with your spouse, but do you want to make that decision, or do you want a judge at a court to make that decision?”- Andres Mazabel
• “At the end of the day, estate planning is about making it easier for your loved ones, not for you.”- Andres Mazabel
• “Your estate plan can evolve as your life changes.”- Andres Mazabel

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.

As the new Covid variant “Omicron” starts to spread like wildfire, are you protected enough? Can you manage that bad news and still maintain your peace of mind?

We often do the asset allocation/buy and hold strategy because that is what was introduced to us, and we don’t know any better. Achieving your peace of mind means that your investment’s risk is being actively managed at any point in the market using real data, and you’re not in danger of losing any significant amounts of money.

In this episode of the Secure Your Retirement podcast, we talk about your peace of mind during a market fall and how you can achieve it by actively managing your assets. We also explain the difference between a data-driven investor and an emotional-driven investor.

In this episode, find out:

• Our goal is not perfection, but your peace of mind, a decent rate of return, and for you to lose less money.
• The common buy and hold/asset allocation strategy and how it can be significantly affected by a market fall.  
• How we actively manage the markets with good risk management.
• How we protect our clients against significant loss during a crisis by use of real data rather than our emotions.
• The feedback we got from our clients on how we handled their investments during last year’s market fall.
• For more information about peace of mind read our book Secure Your Retirement plus other resources.

Tweetable Quotes:

• “Our main goal is peace of mind and to make a decent rate of return and not lose significant amounts of money.”- Radon Stancil
• “Our clients and ourselves feel so comfortable with this active approach because we don’t have to know what’s going to happen tomorrow, we’re going to react based of what’s happening today.”- 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.

Did you know that you might end up spending more on taxes after retirement due to a lack of proper tax preparing and planning strategy?

It is important that you proactively do tax preparation outside of the tax deadline and plan your taxes as part of your retirement planning.

In this episode of the Secure Your Retirement podcast, we have Steven Jarvis, a CPA, owner of Retirement Tax Services, host of the Retirement Tax Podcast, and is very knowledgeable in tax planning. We cover the topics of Roth conversions and tax rates going up in 2022 and how you can navigate that with the help of a financial advisor.

In this episode, find out:

●     The disadvantages of using tax software when it comes to complex tax planning.

●     What a lot of people think about taxes and how tax preparation and planning can help you get tax benefits.

●     Things to look into outside of the tax deadline to proactively and impactfully plan tax.

●     Steven explains how he approaches the topic of Roth conversions and tax rates going up.

●     The value of proactively finding ways to take away the IRS’s ability to change the rate on your tax-deferred money.

●     Understanding the proposed tax changes that might happen come 2022.

●     Steven on how he partners with financial advisors to help taxpayers do tax preparing and planning.

Tweetable Quotes:

●     “If tax rates don’t change, it doesn’t matter if you do tax-deferred or Roth, the math works the same.”- Steven Jarvis

●     “The tax code is written in pencil; congress can change it any time they want.”- Steven Jarvis

Get in Touch with Steven:

●     Website: https://retirementtaxservices.com/

●     LinkedIn: https://www.linkedin.com/in/steven-jarvis-cpa-ba91aa23/

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.

Jerome Powell is known to be a proponent of printing money. And as debates on him heading the Federal Reserve come to the surface, you might, as investors, find it easy to be wooed by headlines and make your financial decisions out of emotions (and break away from the numbers game).

In this episode of the Secure Your Retirement podcast, we discuss why investing out of emotions could be a bad idea and why instead, you need to go by the numbers and experience when evaluating the financial market. We also resolve your conflicts on the state of the economy if Jerome Powell becomes the Federal Chairman for the upcoming four years (in short, we'd say it really shouldn't matter to you as an investor) and how to secure your investment against any possible inflation (if it may).

In this episode, find out:

• Two aspects of your finance that need to be actively managed right now to secure your retirement: Your investments in the market and your overall retirement plans in the market.
• The three major categories of finances of the Federal Reserve: Equity, Stocks, and Cash.
• Why you need to keep your emotions away for effective investing and retirement planning
• Inflation and the Economy: Why the results of an election are mostly never an indication of how the financial markets will perform
• How the two of us separate the emotion from the reality of what's happening in the market
• Why shift is inevitable in the financial space: While during the pandemic, only large-cap companies like Amazon, Zoom, and technological companies were blooming, now, many small-cap and mid-cap companies have started to recover and thrive too.

Tweetable Quotes:

● "For the people that believe printing money is going to produce a good return in the market, that has a lot of people excited. Now, there's another side that says this idea of printing money is not good, long term. And it's going to create big time inflation."- 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.

Would you like to have sustainable living standards after your retirement? Maybe it is high time you started social security planning.

There are many things you should be thinking about when planning your retirement like; when you retire, the risk of the stock market, spending too much on housing later in life, and much more. Understanding social security and retirement planning from an economic point of view can help you raise your living standards without working more.

In this episode of the Secure Your Retirement podcast, we have Laurence Kotlikoff, a professor of economics at Boston University, author, and has got a wealth of knowledge on social security/retirement planning. Listen in to learn the difference between social security and retirement planning and why the former should be taken after the latter.

In this episode, find out:

• How Covid is going to shift in the coming months and why you should avoid the forthcoming inflation.
• How Lawrence got into social security planning and the products he offers on the same subject.
• Alternative paths to take to ensure you suspend your retirement payout until 70 years to get more value.
• Understanding the existing social security benefits and all that is attached to them.
• Things to be very careful about when it comes to your social security money.
• Why you should take your social security money second after your retirement money to adjust for risk.
• How to use your non-taxable money to pay off your debts and make retirement easier.
• Money Magic book – understanding the economic-financial planning for sustainable living standards plus other things.  
• How to figure out ways to raise your living standards without working more or longer.  

Tweetable Quotes:

• “Probably about 75% of people should wait until 70 to take their retirement and only about 6% are doing that.”- Laurence Kotlikoff
• “You could end up retired longer than you worked, so be very careful about when you retire.”- Laurence Kotlikoff

Get in Touch with Lawrence:

• Website: https://kotlikoff.net/

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 planning on setting up an effective giving strategy in your retirement plan? Whether you’re already a charitably inclined person or are considering setting up a giving strategy for your children or society at large, it’s essential to be aware of the process, timing, and tax benefits of venturing into it.

In this episode of the Secure Your Retirement podcast, we talk about what you need to consider while setting up a successful charitable giving strategy and whether or not you should consider an annuity in your financial plan. We cover QCDs (Qualified Charitable Distributions), the tax advantages of charitable giving, donating a portion of your stocks to charity, and tips for effective retirement planning.

In this episode, find out:

● What is meant by QCDs (Qualified Charitable Distributions) and how they help you make the most efficient use of money by providing a brilliant tax strategy.

● The advantages to charitable donations for 72+ -year-olds

● The lesser-known tax benefits of donating a portion of the stocks you hold to charity

● Why not to withhold taxes on the portion of the money you take from your IRA for QCDs

● Why you need to plan your charitable strategy well in advance to incorporate the processing time of the different parties involved (and how to do that effectively)

Tweetable Quotes:

● “Don't wait till the last minute [to set up your charitable giving strategy],

because there is some organizing that needs to happen. The earlier you think

about it, the more you can think about how much you can do, or work with

someone to figure out how much you can do if you're trying to do it on a

regular basis.”- Radon Stancil

● “If you have a highly appreciated stock, which means if you sell it, you're

going to pay capital gains tax on that. You may consider donating a portion of

that stock or that stock to the charity, which would obviously not cause a

taxable scenario for you as well.”- Radon Stancil

● “If you're already charitably inclined, big key things to remember is that you

have to have it taken care of by the end of the year.”- 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 already started the conversation about living through your retirement? If you’re 65 or approaching 65, it is time you start thinking and exploring the options available for you to live through your retirement.

The CCRC is a care option for older people where you get to live in the same place but through three essential steps of care in your aging process.

In this episode of the Secure Your Retirement podcast, we have Al McCleary, our client and friend who has successfully approached the CCRC process. Listen in to learn why it is crucial to start the conversations on your after retirement living and care early.

In this episode, find out:

• The CCRC’s three essential steps of care; independent living, assisted living, and skilled nursing.
• The value of the CCRC Reference Guide in answering your CCRC detailed questions.
• Why you should start your CCRC process as early as possible, especially when approaching it as a couple.
• Al explains how he convinced his wife to consider CCRC as the best care.
• How to approach CCRC by doing the necessary research early and getting on a waiting list if you have to.

Tweetable Quotes:

“When looking for CCRC; get on the waiting list, you don’t lose anything by doing that.”- Al McCleary

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 been considering purchasing an annuity as part of your financial retirement plan? An annuity is an insurance product that you buy from an insurance company and is very advantageous. 

When purchasing an annuity, it is important you evaluate the insurance company just like you would a financial advisor to determine its financial background for the safety of your money.

In this episode of the Secure Your Retirement podcast, we talk about annuities, what they are, and their benefits for your retirement plan. We explain an annuity’s income benefits, bond alternative, and tax deferral advantages. 

In this episode, find out:

• Ensure you evaluate and choose a strong insurance company when purchasing an annuity.
• The legal reserve system – a regulatory safety mechanism that ensures your money with an insurance company is protected. 
• The qualified and non-qualified money and how to understand your buckets in each and what makes the most sense to purchase an annuity.
• Why your after-tax money can make sense if put into an annuity for tax deferral. 
• The tax benefits of purchasing an IRA annuity. 
• How you can structure annuities to provide you a guaranteed income you can’t outlive.
• How to use the annuity as a bond alternative so you don’t worry about bond volatility. 
• How to use an annuity to tax defer on non-IRA money and invest in the market very low. 
• Understanding an income rider in annuity and its benefits to your retirement plan. 

Tweetable Quotes:

• “We like working with stronger rated insurance companies that have some good financial background to them.”- Murs Tariq 
• “There’s no reason in going to an insurance company in the very beginning that’s not already highly rated.”- 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.