Secure Your Retirement

Have you ever thought of franchising as something you can do after the age of 50? If you are not ready to retire yet, but you were downsized or no longer want to stay in the corporate world, franchising is something you can do to stay productive.

It is important that you go through a consultant to guide you through the process of getting the right franchise for you. Did you know that you don’t necessarily need industry experience to be awarded a franchise?

In this episode of the Secure Your Retirement podcast, we have Diane Pleuss, a passionate leader, and an experienced franchise consultant. We cover the skills and the step-by-step process you need to follow to become a franchise owner.

In this episode, find out:

●     Diane on how she serendipitously got into helping people fit into franchising.

●     How she evaluates a person’s skills and goals to match them with their fitting franchise.

●     The step-by-step process that a franchising company will take you before you’re awarded a franchise.

●     Understanding the fees and funding you need, to be awarded a franchise.

●     Why you need entrepreneurial skills and not industry experience to be awarded a franchise.

●     The benefits of the support and training programs offered by franchise companies.

●     Why you need to smartly work with a consultant or with a franchise company.

●     Diane describes how a typical day looks like for the franchisee and the franchise company. 

●     Why you should consider a franchise as a business option.

 Tweetable Quote:

“You usually don’t need industry experience; most of the time they would prefer to teach you and teach you, their way.” - Diane Pleuss

Get in Touch with Diane:

●     Website: https://dianepleuss.com/

●     LinkedIn: https://www.linkedin.com/in/dianepleuss/

●     Book a Call: quickchatwithdiane.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.

When looking to hire a financial advisor, what are some of the things you need to be aware of?

Hiring the right financial advisor for you all comes down to knowing what you’re looking for, what you’re paying for, and whether the person you’re working with knows what they’re doing.

In this episode of the Secure Your Retirement podcast, we cover the 8 questions you need to know positive answers to from a potential financial advisor before hiring them.

In this episode, find out:

·      Make a commitment to yourself to get your checkup done.

·      List your objectives on the type of relationship that you want to have with a financial advisor.

·      Ask questions – eight questions you need to know answers to from a potential financial advisor.

·      Meet and sit down with the advisor you choose to hire to get to know them at a personal level.

·      Ensure you get something in writing as far as a contract that states relevant terms.

·      Understand the difference between a certification and a title.

Tweetable Quotes:

·      “If you have a list built out in front of you, take that to your advisor meetings as you’re searching for that person to see if they match up to what you’re looking for.”- Murs Tariq

·      “The number one reason why a person will leave their financial advisor has nothing to do with performance, it has everything to do with communication.” - 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 is the economy going to change now that we’re in the fourth quarter of 2021? Is it still going to be like the last 3 quarters or not? How will it impact our economy in 2022 and the coming few years?

There has been a lot of uncertainty in how things are happening, which is leading to market volatility.

In this episode of the Secure Your Retirement podcast, we have Andrew Opdyke, a Certified Financial Advisor, Economist at First Trust Advisor. Listen in to learn how the current state after COVID is impacting our economy, inflation, and unemployment.

In this episode, find out:

·      Reflecting on the first and second quarter of the year and how the third and fourth look like.

·      How housing consumption and rent prices impact inflation.

·      The likelihood of reacceleration in inflation numbers in the coming years.

·      Andrew compares 2021 to 2013 and why uncertainty in different areas will cause market volatility.

·      Why the employment healing is going to take the market a few years to recover.

·      The minimal impact of the Chinese fund Evergrande on the US economy and S&P companies.

·      Why US partisan politics are likely going to be the next volatility.

·      Why Andrew is excited about the impact of the potential innovation in the US.

Tweetable Quotes:

·      “Uncertainty, in general, is the key driver of volatility in the market.”- Andrew Opdyke

·      “As we move through the fourth quarter and the beginning of next year, we could see reacceleration on the inflation numbers.”- 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.

Have you ever been concerned about identity theft or being a fraud victim? In today’s cyberworld, identity theft and fraud have become more sophisticated than ever before. 

It is important that you stay aware and protected to avoid being on the receiving end of these cybercrimes. 

In this episode of the Secure Your Retirement podcast, we share a checklist that we created about how to protect yourself against identity theft and fraud. We cover why you should always be suspicious when it comes to emails and calls you receive related to your financial information. 

In this episode, find out:

• Consider tweaking your passwords to look different on different sites and even get a password manager. 
• Check if two-factor authentication is available when logging in, especially into financial sites.
• Consider differentiating your passwords’ themes on different sites. 
• Be careful when sharing your password. 
• Get updated software and antiviruses on your computer.
• Be careful about clicking on unsolicited emails and attachments that come with them.
• Be careful about the information you put on social media.  
• Be wary of seemingly family or friends’ emails that they wouldn’t normally send you. 
• The steps to take to protect yourself if a related company gets hacked.
• Some huge red flag calls to avoid interacting with.  

Tweetable Quotes:

• “Where the risk is you making a mistake and allowing somebody to get to that data.”- Radon Stancil 
• “Emails are getting hacked all the time and they use that as a way to get in touch with the address book that’s within that email, so be very careful about someone you think you know may not be that someone you think you know.”- 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 there are ways you can save on your taxes as a small business? Big Fortune 500 companies do it all the time, and they make more money than you.

There are different ways you can save money on taxes and protect your small business and assets, which include being smart with your pension. Working with a tax attorney is also another advantageous way to protect yourself under the attorney-client privilege than working with a CPA.

In this episode of the Secure Your Retirement podcast, we have Steve Moskowitz, a seasoned tax attorney who helps business owners and individuals resolve tax issues. We cover extensively how you can use different pension accounts to protect your small business and yourself from losses.

In this episode, find out:

• The difference between a CPA and a tax attorney.
• The advantages/privileges of working with a tax attorney over a CPA.
• How to save money with pensions in 2021 when filing returns plus extension.
• How Steve helps retirees offset investment income with pension deductions.
• The multiple pension accounts available as opposed to the most common ones.
• The power, flexibility, and safety of pensions to avoid paying taxes or losing your money.
• How to save money through the real estate professional tax exemption.
• How the government uses incentives in tax laws to keep us paying taxes.
• The many government giveaways to use to your advantage as a small business.

Tweetable Quotes:

• “A lot of times we do get into other areas like crime because somebody will do something that has both a criminal aspect and a tax aspect.”- Steve Moskowitz
• “You can have a zillion dollars in your pension account, file for bankruptcy, and keep every penny of it.”- Steve Moskowitz

Get in Touch with Steve:

Website: https://moskowitzllp.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.

What are some mistakes that you want to avoid when choosing an advisor? When choosing an advisor, there are some mistakes that could cause risks and you need to avoid them before they do so. 

There are different types of advisors you should avoid working with and some things you should pay close attention to before committing with an advisor.  

In this episode of the Secure Your Retirement podcast, we explain the eight mistakes you should avoid when choosing an advisor and questions to ask. We also explain why you should avoid advisors that are not fully certified to be financial advisors to avoid the risks that come with it. 

In this episode, find out:

• Don’t work with an advisor without a written contract. 
• Don’t work with an advisor that doesn’t have a permanent office to avoid fraud.
• Avoid working with an insurance-only advisor since they’re not vastly knowledgeable. 
• Avoid working with a stock market-only advisor since they won’t handle all your retirement needs. 
• Don’t work with an advisor that tries to sell to you on the first appointment. 
• Beware of the too good to be true story. 
• Be aware of the commitment you’re making when you choose to do it by yourself. 
• Avoid picking an advisor based on their fees and instead understand what they’re offering.  

Tweetable Quotes:

• “The way the contract should be written is that at any point you want to fire/get away from the advisor, you’re not bound to have to stay in the contract.”- Radon Stancil
• “You want to work with someone who has multiple options in all the different areas when it comes to retirement planning.”- 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.

Do you have questions about retirement planning that you want to be answered over a glass of wine?

In this episode Secure Your Retirement, we have our monthly wine down episode where we answer a few questions surrounding retirement planning as we enjoy some 19 crimes cabernet sauvignon wine. We cover questions on mortgages, the best asset mixes, whether to sell stocks and how to avoid getting hacked.

Listen in to learn why some of these things need an individualized approach with the help of a financial professional. 

In this episode, find out:

• Have your numbers analyzed before deciding to pay or not to pay off your mortgage. 
• Why there isn’t the best asset mix, and you should instead have an active retirement plan. 
• Our review on the 19 Crimes,  cabernet sauvignon wine of the day. 
• The precautions to put in place to ensure security and avoid getting hacked. 
• Why you shouldn’t make your money decisions based on your emotions. 
• Have an investment strategy that you’re comfortable with and don’t rush to sell your stocks.

Tweetable Quotes:

• “I don’t think there is the best asset mix out there for anyone, you just have to have something that is going to work actively for you.”- Murs Tariq
• “We all hate to change passwords, but that would at least make it more difficult for somebody to hack and listen to/watch your emails.”- 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 worried about the idea of a layoff happening to you? Whether you’re close to retirement or know someone at risk of getting laid off, this guide is for you.

Covid has made layoffs quite common with everyone but especially with people who are almost at the retirement age. Layoffs can be very stressful but with the right information, you can navigate your way through them. 

In this episode of the Secure Your Retirement podcast, we share 10 steps on how to survive a layoff. Listen in to learn the importance of seeking professional help to come up with a suitable retirement financial plan after a layoff.  

In this episode, find out: 

• Keep calm and take it one step at a time to make the best decision for yourself.
• Determine your living expenses by coming up with a spending plan. 
• Create an inventory of your resources/assets to know what you own. 
• Add in severance pay – think it through before you accept it. 
• Understand how the unemployment benefits work. 
• Learn about your health insurance options, especially if you’re unqualified for Medicare.
• Get a new social security estimate to help you decide on an income possibility. 
• Consider a lump-sum payment from your pension.  
• Determine if you want to go back to work or have enough money to retire. 
• Seek professional help to give you confidence with a retirement financial plan. 

Tweetable Quotes:

• “It may be difficult, but you want to leave your employer on the best foot you possibly can.”- Murs Tariq
• “Don’t just quickly accept your severance, make sure that you think that through.”- 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 have plans to set up a special needs trust for your child or a loved one? 

A special needs trust is a special type of trust set up to still take care of a person with healthcare needs without disqualifying them from other benefits. This trust which is sometimes referred to as a supplemental needs trust is set up by a third party to supplement for other governmental benefits. 

In this episode of the Secure Your Retirement podcast, we have Chess Griffin to talk about a special needs trust and what you need to know before setting one up. Chess Griffin is a well-known estate planning attorney who is very knowledgeable about trusts. 

In this episode, find out:

• Understanding the meaning and purpose of a special/ supplemental needs trust. 
• The special needs trust is set up to give the trustee the broad power to distribute as needed. 
• Why special needs language can be added into a trust to help implement it in the future. 
• How the special needs trust covers the bases whether a child has special needs or not. 
• How to choose a trustee for your special needs child for when you’re gone.
• Why you should avoid funding a special needs trust with retirement accounts.
• How to handle the investment side of a special needs trust as a trustee. 
• Why it is important to thoroughly think about who the trustee is going to be. 
• Why it’s complicated to set up a first-party trust.  

Tweetable Quotes:

• “Whether it’s a special needs trust or your regular old revocable trust, a trustee has a fiduciary duty to manage the trust assets in a prudent way.”- Chess Griffin
• “The special needs trust is set up to give the trustee broad power to distribute as needed.”- Chess Griffin

Get in Touch with Chess:

Website: http://www.chessgriffin.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.

Have you asked questions about payment to that financial advisor you’re considering hiring? When it comes to hiring a new financial advisor, it is important to ask and understand how they’re getting paid.

Whether they’re getting paid through commission or fees, they should disclose that information with ease. It’s always good to know the type of fees you’re getting into.

In this episode of the Secure Your Retirement podcast, we talk about how advisors can get paid through fees and commissions. Listen in to learn about fiduciary and why it is important to ensure the financial advisor you hire is also a fiduciary.

In this episode, find out:

·      Why you should ask your financial advisor how they’re getting paid to understand fees.

·      How advisors used to be paid commissions on stocks and mutual funds brokering.

·      How advisors charge on an hourly basis/flat rate or a percentage of assets they’re managing.

·      Fiduciary – someone making decisions for you before they make decisions in their favor.

·      The importance of working with a fiduciary and asking that question before hiring an advisor.

·      The difference between legal and assumed fiduciary.

·      Ways that can hold an advisor to a fiduciary standard and suitability.

·      Ensure you properly understand an investment when not working with an independent advisor.

Tweetable Quotes:

·      “The big thing here is someone that is working in your best interest, making decisions for you regardless of how it’s going to affect them.”- Murs Tariq

·      “Fiduciaries a lot of time will keep things very clean so they don’t have to disclose things like paid recommendations.”- 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.