Secure Your Retirement

Have you heard of the pickleball sport? It’s a sport that you might find interesting if you’re getting close to or are already in retirement. 

Pickleball with its low entry cost and easy accessibility into the community is the perfect sport for your retirement plan. The sport has many social and health benefits, which include weight loss, and is increasingly becoming popular with people of all ages.  

In this episode of the Secure Your Retirement podcast, we have Lynn Cherry talk about pickleball as the perfect sport to join pre and during retirement. Lynn is a pickleball player and enthusiast who enjoys the sport and even has a podcast to help others understand it too. 

In this episode, find out:

• Lynn on how she got into pickleball and found it interesting.
• The similarities and differences between tennis and pickleball sports.
• How the pickleball court size allows less movement and is perfect for people with knee issues.
• Why pickleball environment and technique make it a great social sport.
• Lynn describes the double bounce rule in pickleball. 
• The low entry cost and accessibility into the pickleball sport and community. 
• How Covid has prompted younger generations to start participating in pickleball.
• The history of the name and game of pickleball. 
• How to set up the net plus where to get the pickleball equipment. 
• Lynn’s Pickleball Fire podcast where you can learn more about pickleball.

Tweetable Quotes:

• “One of the greatest things about pickleball is even if you’ve never played a sport, you can pick it up the very first time and have a good time.”- Lynn Cherry  
• “Pickleball is one of the sports or activities that cut across generations.”-Lynn Cherry  

Get In Touch with Lynn:

• Website: https://pickleballfire.com/ 
• Podcast: Pickleball Fire

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 may not be going through the situation of losing a spouse, but it is always wise to stay prepared. 

We understand how the situation can be and that is why we have prepared this episode as a resource for you when that time arrives. 

In this episode of the Secure Your Retirement podcast, we talk about the different things you should think about when your spouse passes away. We cover topics from assets to investments to insurance and share where you might require professional help to make things easier. 

In this episode, find out: 

• The things to think about from a cash flow perspective.
• The different things you need to think about concerning estate settlement issues.  
• Why you should compile everything from investments to insurance when you’re still together.
• The different types of insurance you should be aware of. 
• Why you should use a CPA to help you look through the different tax elements. 
• Be knowledgeable about how taxes on joint assets and investments are going to transition. 

Tweetable Quotes:

• “Once you have a good picture of where everything is, then you can start to work within all the nuances that every little investment or asset account is going to have.”- Murs Tariq
• “These are things that might take months to get through, but you want to make sure you’re stepping through these things in an organized way.”- 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.

Have you considered real estate as one of the ways to build wealth as part of your retirement plan?

Real estate can be a huge return on investment when you take the time to understand the market and learn from other investors’ mistakes. Research is showing that the current unique state of the economy is proving to be a very conducive time to invest in real estate due to low-interest rates. 

In this episode of the Secure Your Retirement podcast, we have Paul Moore. He’s a founder at Wellings Capital, a real estate private equity firm that manages investment funds. 

Listen in to understand why it is much easier to avoid replicating someone else’s mistakes than it is to replicate their success. You will also learn how to approach investing in mobile home parks as a beginner in the market. 

In this episode, find out:

• Paul on his career background and his journey as a real estate investor.
• Why the current unique state of the economy is conducive to create wealth using real estate.
• Why Paul named his podcast “How to Lose Your Money” to encourage beginner investors. 
• Tap into your gut feeling and don’t ignore what it’s telling you.
• How Paul is fighting human trafficking by setting aside a portion of his profit for that purpose.  
• The importance of having a why and finding joy in the journey towards your goals.
• The value of investing in storage and mobile home parks real estate. 
• How to approach mobile home parks investing as a beginner. 
• The strategy that makes it possible to not pay any taxes on your investments. 

Tweetable Quotes:

• “If your gut feeling and the head are out of alignment, there may be something wrong.”- Paul Moore
• “Sometimes, it’s easier to avoid replicating someone else’s mistakes than it is to replicate their success.”- Paul Moore
• “Have a big why that’s other than money.”- Paul Moore

Get In Touch with Paul: 

Free resources: https://www.wellingscapital.com/resources 

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.

To receive our free book, Get Off the Retirement Rollercoaster, leave a 5-star rating review on Apple Podcasts and send a screenshot to [email protected].

What misconceptions do you hold about retirement planning? To have an active retirement plan, you need to have the right financial advisor to manage your investment. 

It is important to settle down with an advisor you’re comfortable with, and that aligns with your philosophy. To debunk these misconceptions, you have to do your research and ask the right questions, so they don’t cost you in the future.

In this episode of the Secure Your Retirement podcast, we debunk four costly misconceptions about retirement planning. Listen in to understand these misconceptions at a more detailed level and how to avoid them when looking to invest in your retirement plan.  

In this episode, find out: 

• Not everyone using the title “financial advisor/planner” is qualified.
• The lowest fees are not always the best solution for your goal to engage with a financial advisor.
• Understand what you’re getting from the fees you’re paying and ask questions. 
• All credentials and certifications are not the same. 
• The time and work required to acquire the standard certification. 
• Just because an advisor works for a larger company doesn’t mean they’re qualified.
• Why the independent advisor side of the financial world is the fastest growing today. 
• Do your research when choosing an advisor and ensure they align with your philosophy. 

Tweetable Quotes:

• “If you’re getting what you’re looking for, the fee doesn’t matter as much anymore.”- Murs Tariq
• “When you find out somebody’s got a certification, go find out what it took that person to get certified to be able to use that credential.” - Radon Stancil
• “Every single one of these misconceptions comes down to doing your research and asking the right questions.”- 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.

To receive our free book, Get Off the Retirement Rollercoaster, leave a 5-star rating review on Apple Podcasts and send a screenshot to [email protected].

Do you have a question relating to retirement planning that you’d like answered in a fun way?

In this episode on the Secure Your Retirement Podcast, we have our monthly wine down episode where we answer some of your commonly asked questions about retirement planning in a fun way. We cover questions on social security, 401Ks, power of attorney, and the tax efficiency for a non-IRA account.

Listen in to learn the importance of having a power of attorney and consolidating multiple 401Ks.

In this episode, find out:

• Why do you need to have a durable power of attorney even when you think you don’t need it?
• The difference between a durable and healthcare power of attorney.
• Why you shouldn’t be worried about consolidating all your 401Ks accounts in one place.
• How to approach your multiple 401Ks consolidation.
• How to get your annual social security statement to understand what your benefits look like.
• How we’ve created a variable annuity account to manage non-IRA accounts. 

Tweetable Quotes:

• It is not expensive to set up a durable power of attorney, it’s just naming somebody that can be there if you become incapacitated.”- Radon Stancil

“Consolidation is something we believe should be done, it’s something that’s going to make your life much simpler.”- 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.

To receive our free book, Get Off the Retirement Rollercoaster, leave a 5-star rating review on Apple Podcasts and send a screenshot to [email protected].

Have you been thinking of how to start saving for your child’s or grandchild’s college education? How about setting up a 529 Plan?

A 529 Plan allows you to invest in your child’s or grandchild’s college education before they even get to that stage. This type of investment has many benefits, including being tax-free during the growth period.

In this episode of the Secure Your Retirement podcast, we explain in detail what a 529 Plan entails and the benefits it offers. Listen in to learn how to open a 529 account and the investment options available for you. 

In this episode, find out: 

• Understanding the 529 Plan and the tax-free benefits it offers.
• This plan won’t affect your child’s ability to get financial aid because you’re the one in control of the money and not your child. 
• The hands-on and hands-off ways to control the investment options for a 529 plan. 
• The options available for you if you’re worried you won’t use all the money in a 529.
• Understanding that you can open and use a 529 plan in any state across the country. 
• The current situation on whether the plan is likely to go away any time soon.
• The 529 investment plan doesn’t lock you in and you can make changes.
• How and where you can open a 529 account. 

Tweetable Quotes:

• “It’s the parent or the grandparent that’s in control of the money.”- Radon Stancil
• “You can set the 529 plan up anywhere; it’s not based on residency.”- Murs Tariq
• “They want this plan to be as easily accessible because saving for education is very important.”- 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.

To receive our free book, Get Off the Retirement Rollercoaster, leave a 5-star rating review on Apple Podcasts and send a screenshot to [email protected].

Are you ready to start living your tapas life after retirement? Life is diverse and interesting, and it doesn’t stop being so after you retire. 

There are many different elements in life that you can engage in and continue enjoying after you retire. When planning for your retirement, a tapas life should be a big part of it if you want your life to be meaningful in your later decades.  

In this episode of the Secure Your Retirement podcast, we have Andy Robin explain to us the different ways you can adopt a tapas life after your long career. Andy is the author of the Tapas Life book, which is about assembling a new, fulfilling, meaningful life after retirement. 

In this episode, find out: 

• Andy’s life experiences that led to writing his book Tapas Life.
• How to open your eyes to different life elements you can engage in after retirement.
• Andy shares some of his meaningful tapas that keep his life interesting. 
• Taking your failures as learning experiences that make life more exciting.
• Different ways you can get connected socially to improve your life after retirement.
• Some passive and active ways you can stay engaged with your business brain.  
• Having a spousal conversation on how to reinvent yourself and your spouse after retirement. 
• How to maintain good health after retirement to stay independent for longer. 

Tweetable Quotes:

• “Open your eyes to the options that you can assemble a life that has different elements that you can participate in.”-Andy Robin
• “When you keep your good health, you’re delaying the day when your loved ones have to become your caregivers.”- Andy Robin

Connect with Andy:

• Website: https://www.tapaslife.com/ 

Facebook: https://www.facebook.com/TheTapasLife/

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.

To receive our free book, Get Off the Retirement Rollercoaster, leave a 5-star rating review on Apple Podcasts and send a screenshot to [email protected].

What are some of the rip-offs you should keep an eye for when choosing an advisor to manage your retirement plan? 

When looking for a suitable financial advisor for you, you should ask as many questions as you can to understand certain concerning situations. 

In this episode of the Secure Your Retirement podcast, we talk about 4 retirement investment and planning rip-offs you should always avoid. Listen in to learn how to approach these 4 rip-offs by ensuring you fully understand each before you hire an advisor. 

In this episode, find out: 

• Be wary of an advisor saying there are no fees – there are always fees involved in any transaction.
• Bait-and-switch – understand that a good rate is sometimes meant to last for a certain period.
• Be careful about outrageous claims on average rates on returns or an advisor’s performance.
• Why you shouldn’t hold on to outdated beliefs that are no longer viable today. 

Tweetable Quotes:

• “Don’t hold on to old belief systems, compare and see what has changed to maybe make a certain product viable.”- Radon Stancil 
• “Try to understand how realistic some of these rates of return are that are being thrown at you.”- 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.

To receive our free book, Get Off the Retirement Rollercoaster, leave a 5-star rating review on Apple Podcasts and send a screenshot to [email protected].

Potential tax changes are coming, and it is important you understand what is proposed and how it might affect you. 

It is advisable that you get in touch with your financial advisor to help you understand how to navigate the proposed tax changes if they were to happen today. To have a peaceful and secure retirement planning process, you have to familiarize yourself with what is expected of you when it comes to taxes.

In this episode of the Secure Your Retirement podcast, we have Julie Herres talk about the potential tax changes on different income levels. Julie is a tax expert and the owner of GreenOak Accounting, where they provide bookkeeping, accounting, CFO, and tax services.  

In this episode, find out:

• Understanding the progressive tax system when it comes to income.
• Effective tax rate – total tax rate divided by total income. 
• The potential income tax rate changes especially on high-income earners. 
• The proposed tax change for capital gains on income over a million dollars. 
• The various tax proposals on property inheritance cost bases.
• Why you shouldn’t over plan before and after the proposed tax changes happen. 
• The potential significant tax change on estate planning. 
• The potential social security tax rate changes for over $400k per year income earners.
• Have business books as a business owner to always have the right financial data and plan.

Tweetable Quotes:

• “If it happens, then we can always plan for the changes, but there’s no reason for us to over plan today if those tax changes were to take place.”- Radon Stancil
• “If you have a business, you’ve got to have business books to have the right financial data.”- Julie Herres

Get In Touch with Julie: 

Website: https://www.greenoakaccounting.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.

To receive our free book, Get Off the Retirement Rollercoaster, leave a 5-star rating review on Apple Podcasts and send a screenshot to [email protected].

We have a new book available - Secure Your Retirement book! Why did we write a book and what is it about? 

This book is a resource to help people thinking about retirement or planning for retirement to understand what they should consider. Some of the chapters include having active money management, lifetime income, tax reductions, and much more.

In this episode of the Secure Your Retirement podcast, we discuss the different topics that you should expect in the book and how we tackle them. Listen in to learn how this book will help you understand the concept of retirement planning without losing money. 

In this episode, find out: 

• The book’s name and its purpose in educating you on very important retirement topics.
• Chapter one – why buy and hold could kill your retirement plan. 
• Why we encourage you to invest your money in active money management.
• Chapter two – how to think of income as you are ready for retirement and when in retirement. 
• The topics on the rest of the chapters and the different answers they tackle.  
• Chapter eight – helping you understand risk tolerance.
• The last chapter – how to find a financial professional you can trust.
• How to get the Secure Your Retirement book on Amazon. 

Tweetable Quotes:

• “We believe that a good retirement financial plan is the foundation of all the decisions that you make in retirement.”- Murs Tariq

“This book is not saying this is the way to do your retirement planning, it’s giving you things you need to think about.”- 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.

To receive our free book, Get Off the Retirement Rollercoaster, leave a 5-star rating review on Apple Podcasts and send a screenshot to [email protected].