Secure Your Retirement

Would you like to send your child or grandchild to college at a reduced cost or for free? There are ways to get a college education and remain debt-free, but we often don’t dig deep enough, or we’re too uninvolved with the college planning process.

College planning is a process you should get involved with and early to be ready to receive that college debt-free education without eating into your retirement investment. The FAFSA form is one way to go if you want to get a reduced or free education.

Listen in to learn about the strategy that helps students figure out the right careers to pursue in college 

In this episode, find out:

●     How Shellee started College Ready after successfully planning her son’s debt-free college education.

●     Why the 8th grade window is generally and financially the best time to focus on college planning. 

●     Plan for college early to get the right fit for your child academically, socially, or financially.

●     The two major mistakes that parents make when it comes to their child’s college.

●     Understanding the FAFSA form and the immense financial benefits it opens up for students.

●     The reasons why you should complete the FAFSA form regardless of your current financial status.

●     The importance of focusing on a college that is keen on valuing your student and paying for them.

Tweetable Quotes:

●     “The best time to get really focused on planning for college is when the student promotes from eighth grade.”- Shellee Howard

●     “If you want any financial opportunity ones that your student earned, you have to complete the FAFSA form.” - Shellee Howard

Get in Touch with Shellee:

●     Website: https://collegereadyplan.com/

●     Book: How to Send Your Student to College Without Losing Your Mind or Your Money

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 asking yourself whether it is time to sell or buy? It is perfectly normal to be nervous about your money in the current market, which is a result of the 2020 global pandemic.

It is important that you be very careful when making money decisions, especially if they’re not based on data.

In this episode of the Secure Your Retirement podcast, we talk about the current market high and whether you should consider selling. We cover the buy and hold and active management investment philosophies and why you should think of the latter when buying or selling.

In this episode, find out:

●     The meaning of the market hitting new highs and why you shouldn’t overthink about the new highs.

●     Don’t make investment decisions based on what you see in the news and instead follow data.

●     The buy-and-hold investment philosophy and why it’s risky during a market up or down.

●     Active management investment philosophy- when to shift from stock market to bonds to cash and vice versa.

●     Take the emotions out of the investment equation and instead look at the data.

●     Why you shouldn’t necessarily rush to sell based on your feelings and instead wait for the data.

Tweetable Quotes:

●     “Be careful when you read record highs; record high just means that the market has gotten higher than it’s ever been in the past.”- Radon Stancil

●     “It’s the media’s job to make these stuff seem exciting while if you just take a step back and look at what’s going on, it’s ideal for the market to be hitting new highs.”- Murs Tariq

●     “You don’t want to make a decision off of what’s going on in the news; you want to follow the data as much as possible.”- 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 ready to reform your body using Pilates? Pilates is good for anyone of any age since it uses body weight and targets the smallest of muscles.

Pilates creates a mind-body connection that helps you release tension and anxiety to be in the moment. To secure your retirement also means having a healthy mind and body so you can enjoy your retirement investment when the time comes.

In this episode of the Secure Your Retirement podcast, we have Jennifer Pilates, an empathic intuitive advisor and coach empowering people through Pilates. We cover the health benefits of Pilates, variations to experiment, and the benefits of Virtual Pilate training.

In this episode, find out:

• Jennifer on how a car accident led her to Pilates and how it changed her life.
• Beginner-friendly Pilates for anyone and their mind-body benefits.
• The rehabilitative nature of Pilates for injured or dormant joint muscles.
• Why Jennifer shifted from managing several Pilates studios to home boutique studios and virtual training.
• Jennifer defines the ideal Pilates clients plus the different Pilates variations you can experiment with.
• The benefits of virtual Pilate training vs. studio training in today’s world.
• She shares where to find her and the time you need to do Pilates to start feeling a difference.

Tweetable Quotes:

• “With Pilates, you’re working with your own body weight and your own strength so its virtually impossible to overdo it.”- Jennifer Pilates
• “If you’re looking to rehabilitate, to first experience Pilates and enjoy it, or to transform your body, the reformer is truly one hundred percent is the place to start.”- Jennifer Pilates

Get in Touch with Jennifer:

• Website: https://jenniferpilates.com/
• Instagram: https://www.instagram.com/thejenniferpilates/

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 have any strategies surrounding your Required Minimum Distributions (RMD)?

Required Minimum Distributions (RMDs) references money in a tax-deferred vehicle like a 401k or the traditional IRAs. You need to think and plan for the Required Minimum Distributions as you will be required to start paying taxes when you get to age 72.

In this episode of the Secure Your Retirement podcast, we talk about the RMDs and strategies to keep in mind when planning for them. We explain how to calculate your RMDs using the IRS life expectancy formula and why you should start planning as early as possible.

In this episode, find out:

• Understanding RMDs tax benefits and how they apply to your pretax type account like IRAs.
• You can take your money out of the RMD on the year you turn 72 and before 12/31 of the same year.
• The IRS life expectancy formula to calculate your annual RMD.
• How you can defer your first-year income after you turn 72, and when it is advisable you do so.
• How to withdraw your RMD income from different IRAs.
• Avoid mistaking your RMD for the year to avoid the up to fifty percent penalty.
• How you can convert your RMD into a Roth prior to age 72 and increase your growth and income.
• Reinvest your money after taking it out of the IRA.
• Qualified Charitable Distribution (QCD) – how to specifically not pay taxes while giving money to charity.
• Have a plan as early as possible rather than delaying to the last minute.

Tweetable Quotes:

• “You don’t want to mistake your RMD for the year because that can result in a hefty penalty of up to fifty percent.”- Murs Tariq
• “You can take out your Required Minimum Distributions pay the tax, and then reinvest whatever is left over.”- 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 do you find a purpose and meaningful productivity after your retirement? We often place all of our identity in the work we do that we forget to focus on the third act of life, which is after retirement.

If you want to continue making an impact and be productive after retirement, it is time you start focusing on the third act of your life.

In this episode of the Secure Your Retirement podcast, we have Allan Milham, the founder of Questage, and a high-performance leadership strategist. Listen in to learn the importance of having an identity much bigger than your job and focus on other meaningful things.

In this episode, find out:

·      Allan on how he got to the work of helping people establish their third act of life.

·      How the culture of putting all of our identity into work leads to loneliness in our third act of life.

·      How to reengineer your third act of life with purpose, productivity, and positivity.

·      Why organizations are being forced to create a learning and meaningful culture to cater to people.

·      Allan explains how they help people shift into their third act of life.

·      How he helps retirees establish a foundation and polish their legacy.

·      Allan on working with highly productive learners desiring to contribute beyond themselves.

Tweetable Quote:

·      “We live 5-6 years longer if we have an optimistic orientation versus pessimistic.”- Allan Milham

·      “Leadership is way beyond just the day job; leadership matters greatly in the third act of life.”- Allan Milham 

Get in Touch with Allan:

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

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

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 suspected slightly higher 2021 inflation going to affect your retirement plan?

Inflation is the increase of prices in an economy over time but with income remaining relatively the same. The 2020 pandemic disrupted the economy on so many levels including the increase in demand and decrease in supply.

In this episode of the Secure Your Retirement podcast, we talk about inflation and how to protect your retirement plan from its impact.  We also cover why you need to work with a financial professional to ensure your investment strategy is working well with the rising inflationary type of period.

In this episode, find out:

• Understanding the meaning of inflation and how the 2020 decrease in supply led to inflation.
• When inflation is good for the economy and when it can negatively impact us.
• How high demand and low supply impacts inflation.
• Double-check your investment plan when it comes to the fixed income side of things.
• Have a good risk management plan for your portfolio.
• Think about what your guaranteed income is.
• Have a good spending plan – understand how you’re spending money.
• Sit down with a financial professional and talk through inflation to ensure you have a workable plan.

Tweetable Quotes:

• “We believe that good risk management is more important than trying to say you want to beat the market.”- Radon Stancil
• “Oftentimes, the longer-term investments just keep up with the pace of inflation.”- 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.

If your goal is to achieve financial freedom and save for your retirement, you need to start planning for it as early as now to avoid struggling in your later years.

Securing your retirement also means finding your passion and living a joyous life on less money. To achieve financial freedom, you need to educate yourself on money and be intentional in taking action towards investing and passive income.

In this episode of the Secure Your Retirement podcast, we have Myra Oliver, a hair stylist turned real estate investor and entrepreneur. Listen in to learn how being financially free allows you to focus on the most important parts of your life and not just work.

In this episode, find out:

• When she realized she needed to be purposeful with her money.
• An entrepreneur’s advice that shaped the rest of Myra’s financial journey to becoming a millionaire.
• How she built a rental portfolio in over 10 years to get to financial freedom at 33.
• The journey of building a rental property portfolio from scratch.
• Down Home Money book – investing, passive income, and finding financial assistance.  
• Start planning for your future so you don’t struggle.
• How to live a big life on less by finding your why and working on your passion.
• Stop wasting time on things or on people you don’t love, and rather follow what gives your life joy.

Tweetable Quotes:

• “Money is important; you have to have money to survive.”- Myra Oliver
• “It’s not how much money you make; it’s how much money you keep and what you do with it.”- Myra Oliver
• “Wherever you are in your life, you can change the trajectory of your future self through learning about money and taking some simple approaches in protecting your money and assets.”- Myra Oliver

Get in Touch with Myra:

• LinkedIn: https://www.linkedin.com/in/myra-oliver-83752a25/
• Instagram: https://www.instagram.com/myrawoliver/

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.

Scamming is increasingly becoming more creative and more sophisticated than ever before. How then do you stay informed and protected from any possible scam?

Even as you actively plan your retirement, it is important you stay informed and protected from scammers/fraudsters that can cause major damage to your retirement investment.

In this episode of the Secure Your Retirement podcast, we talk about scamming in 2021 and share 4 tips on how you can protect yourself from scammers. We also cover a few ways you can take action to ensure you’re back to safety if a scam/fraud happens to you.

In this episode, find out:

·      How scamming is getting creative and using names of big companies that you think you can trust.

·      Understand that the IRS will never call you, only write you.

·      Statistics on scam incidents in 2020/21 and the impact it has had.

·      How the pandemic opened more creative ways to get scammed.

·      Never click on a link in an email or text unless you’re expecting it.

·      Access your account through the business’s website or call them first before responding to a suspicious email.

·      Stop and take a minute if you get a call asking for financial information.

·      Have your credit cards and online transactions monitored for fraud alerts.

·      Immediately close or put a hold on your bank accounts from retailers you use.

·      Notify all three credit reporting agencies and put a freeze on your credit.

·      Change your password on all your accounts to stop the scammers.

·      Be vigilant and use your past scamming incidents as a lesson to move forward better.

·      Contact the authorities to get to the bottom of the issue.

Tweetable Quotes:

·      “One of the reasons scammers are being so successful is that people are ashamed they’re actually being scammed.”- Radon Stancil

·      “Unfortunately, this is the world that we live in, the scammers are getting very creative, and it happens every single day.”- 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 prepared are you for your retirement? As you get closer to retirement, it is important that you think about how things are going to pan out for you during that period.  

In this episode of the Secure Your Retirement podcast, we have Jay and Maureen Hartford to give a perspective on how to approach the retirement period. They describe what they did right and what they didn’t, and how being agile with their plan served them.

Listen in to learn the importance of developing relationships and connections that you will continue interacting with after you retire.

In this episode, find out:

·      Think of where you want to live and the lifestyle you want to live.

·      Be agile and flexible to any possible changes that might happen before/during your retirement period.

·      Why they decided to settle in Raleigh and not any other city in the country.

·      Why they started a consultant-type business after retirement for connection purposes.

·      They share their love for travel and exploring new places.

·      How it worked out for Jay to retire 12 years before Maureen did.

·      Think of the social networks you want to continue once you stop working.

·      Start engaging an estate attorney for your estate planning early on in your retirement journey.

·      Think of a certain healthcare document and your long-term healthcare insurance.

·      The importance of having retirement goals and plans written down.

·      How to prepare and have the hard and emotional conversations that surround the end of life.  

Tweetable Quotes:

·      “You better be prepared to change your plans, you better be agile, and you better think about things carefully as you go along because you’re probably going to want to adjust.”- Jay Hartford

·      “It helps if you write down your retirement goals and start planning for them.”- Maureen Hartford

Book Mentioned:

·      Guide to the Great Beyond by Jane Brody

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.

You’re finally approaching retirement after years of building your retirement income. What do you have to do now that you have arrived at the summit of your retirement?

In this episode of the Secure Your Retirement podcast, we talk about the four questions to consider helping shape your strategy for spending the retirement income you’ve worked a lifetime to build. We also cover the different approaches you should consider when it comes to a retirement plan investment.

In this episode, find out:

• How long should I expect to live? Factors to be considered when planning retirement around your age.
• How much will the cost-of-living increase during my lifetime? Have a retirement financial plan that looks at inflation.
• When should I retire? Factors to consider when retiring early or later.
• Where should I place my assets? The 2 types of money that you need for your retirement plan.

Tweetable Quotes:

• “There’s a lot of unknowns when we get into retirement, and we can only plan for so much.”- Murs Tariq
• “Fixed annuities offer a good alternative to pay for income needs.”- 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.