Secure Your Retirement

Have you been thinking of owning a rental home as part of your retirement plan? What is the best way to buy a rental property with a positive income and that can be affordably managed?

When buying a rental property, you want to buy a property that will start making money for you without having to wait for years. Purchasing an off-market rental property will allow you to start making positive income right away and afford property management. 

In this episode of the Secure Your Retirement podcast, we invited Scott Oots to talk about the value of the off-market rental property business as part of your retirement planning. Scott Oots is an entrepreneur who owns multiple businesses mainly focused on the area of real estate investing. 

In this episode, find out:

• Scott on how he started in the business of rental properties.
• Understanding the current real estate market and what could possibly happen in the future.
• The best way to purchase a cash-flowing rental property and avoid waiting to start seeing ROI.
• The value of buying an off-market property versus buying an on-market property. 
• The payment options available for most off-market properties.
• Understanding ‘hard money’ and why it is the better option when buying off-market rental properties.  
• The process of property due diligence that Scott uses with his clients.
• Scott on how his team does marketing and customer service to connect with sellers and buyers.

Tweetable Quotes:

• “There’s a lot of positives coming with buying an off-market property vs. looking at buying an on-market.”- Scott Oots
• “There’s no point in buying a house if you’re buying it already rehabbed and you’re paying 110 percent of market value.”- Scott Oots
• “We are a relationship business; we want them to keep coming back over and over again.”- Scott Oots

Get in Touch with Coach Chris:

• Facebook: https://www.facebook.com/thescottoots/ 
• Instagram: https://www.instagram.com/thescottoots/ 

 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 need life insurance in retirement or not? What type of life insurance would best suit you?

Whatever your stance is regarding whether or not you need life insurance, this episode will help you understand even more. There are different types of insurance and each one is meant to serve different purposes in your retirement plan. 

In this episode of the Secure Your Retirement podcast, we cover three types of life insurance; term, whole life, and universal, and the benefits of each. We break down universal life into variable and index and explain how to calculate interest for each. 

In this episode, find out:

• The three types of life insurance.
• Understanding term life insurance and the reasons why you may consider it
• The whole life or universal life insurance and why it’s no longer popular 
• How to do legacy planning with whole life or universal life
• How to create a cash value policy with whole life or universal life
• The difference between whole life and a universal life insurance 
• How to calculate a variable and index universal life insurance
• Understanding how index annuity in life insurance looks like and why you should consider it 

Tweetable Quotes:

• “When you’re buying term insurance, it is for a period of time, so you need to think what that risk is that you want to cover.”- Murs Tariq
• “You can get a higher amount of money from your pension if you take the pension just based on your individual life.” - 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].

Do you have a burning retirement question that you’d like to know the answer to? 

In this episode Secure Your Retirement, we tackle five questions that we frequently get asked by clients or listeners just like you. We cover questions on the ongoing inflation, tax in retirement, and even on life insurance.

Listen in to learn what you need to be planning for when it comes to retirement planning and what you should give a second thought. 

In this episode, find out:

• How to plan for inflation and have an investment strategy that allows you to be flexible.
• The different things you can do to stay proactive with tax in retirement.
• Why you should a hundred percent consider a Roth.
• Consider your why to understand whether your life insurance should go into retirement. 
• Plan and take your Required Minimum Distributions (RMD) by the end of 2021.

Tweetable Quotes:

• “Retirement and financial planning are the foundation of every decision that you are making.”- Murs Tariq
• “A Roth needs to be in your plan every single year because it might be that you can do the conversion without paying much tax.”- 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].

Have you seen or heard about a Robo-Advisor? What is a Robo-Advisor, how does it work, and should you consider it?

A Robo-Advisor is a computer that’s going to manage your investments for you operating on your instructions, but not necessarily looking out for the best opportunities. It is basically a passive investment that doesn’t give you the hands-on touch that a human advisor would. 

In this episode of the Secure Your Retirement podcast, we cover why it is difficult for a computer to handle the evolving nature of retirement planning. Listen in to learn what a Robo-Advisor can do or not do for you and when you should consider it. 

In this episode, find out:

• Understanding the meaning of Robo-Advisor
• How a Robo-Advisor puts you in asset allocation based on your risk tolerance 
• The passive investment concept that is the Robo-Advisor 
• How the Robo-Advisor helps you rebalance your investment without your involvement
• The things that the Robo-Advisor doesn’t understand about you and your investment 
• The difference between a human financial advisor and a Robo-Advisor

Tweetable Quotes:

• “The what-ifs are huge and that is not answerable by a computer algorithm.”- Murs Tariq 
• “If you believe that a buy and hold strategy is the best strategy for you, then a Robo-Advisor could be good.”- 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].

Do you want to live in abundance in all areas of your life without constantly doubting yourself? Have you given thought to how you can liberate your retirement?

To achieve liberation in your retirement or retirement planning, you have to let go and let in. You have to create your map of reality so that you’ll go from dependent land to independent land. To become independent, you will have to change your old map of reality to become a better partner at home and a better leader in your business. 

In this episode of the Secure Your Retirement podcast, we invited Uwe Dockhorn to talk about his AIM-System. Uwe, or The Lifestyle Liberator, helps professionals get back their family mojo, double their financial security, and live in abundance in all areas of their life. 

In this episode, find out:

• Get to know Uwe Dockhorn and how he supports professionals 
• Learning how to let go and let in what will help you do things differently 
• Activation, Implementation, Manifestation- the AIM-System and its three foundational principles 
• How to create your map of reality to go from dependency to independence 
• Practice letting go and letting in to change your old map of reality and become a better partner and leader 
• Uwe shares more resources that you can learn from his webinars
• Signs of burnout and why mindset techniques don’t necessarily deal with it 

Tweetable Quotes:

• “To achieve a respectable relationship, you need to stop your own dependencies first in order to get into your independence.”
• “The moment you allow yourself to be open for letting in, you become part of your solution.”
• “The core of burnout is in self-created beliefs and patterns.”

Get in Touch with Coach Chris:

• Website: https://www.uwedockhorn.com/ 
• LinkedIn: https://www.linkedin.com/in/uwedockhorn/ 

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 thought of how you can have a successful retirement plan? We usually talk about how to secure your retirement but how do you do that successfully?

There are four components of having a successful retirement plan with the foundational one being a good financial plan. You want to have peace of mind at the end of the day knowing that your future is not only secured, but also successfully so.

In this episode of the Secure Your Retirement podcast, we cover the four components of a successful retirement plan. We also cover the importance of having goals and how to build a retirement plan that meets those goals. 

In this episode, find out:

• The four components of having a successful retirement plan.
• Having a good retirement financial plan as the foundation of a successful retirement plan.
• How to have and understand goals and have a plan that meets those goals.
• Keep all your accumulated assets in one place and see how they’ll work for you in retirement. 
• How to structure your income in three parts that will work for you.
• How to holistically view when you should take your social security.
• Think of the what-ifs and how to plan them beforehand. 
• The importance of having a risk-managed portfolio.
• Why you need a good tax strategy when it comes to assets. 
• How to approach estate planning for your beneficiaries. 

Tweetable Quotes:

• “A good investment strategy with risk management is extremely important.”- Radon Stancil  
• “You’ve got to understand individual goals to create a plan that’s going to meet those goals.”- Murs Tariq

Resources:

• If you want more information about preparing your finances for the future or retirement, check out our complimentary Master Class, ‘3 Steps to Secure Your Retirement’. 
• In this class, we teach you the steps you need to take to secure your dream retirement. Get the complimentary Master Class here.

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].

Is traveling one of the things you’re thinking of doing after the pandemic? To get out there and experience life as we used to know it before Covid? How do you do that without breaking the bank with the current economic environment?

Affordable traveling has increasingly gained popularity in recent times, and it’s only right that create those memories and experiences through travel. This even as you continue planning your retirement. 

In this episode of the Secure Your Retirement podcast, we invited Coach Chris to share some of his proven tips on how to travel on a budget. Chris is a travel coach with over 20 years of experience in luxury travel and leisure for pennies on the dollar.

In this episode, find out:

• Chris shares his travel experiences and the benefits of traveling
• How to leverage your credit card for travel hack and fly for free 
• Consider traveling within the US border for safety in this pandemic environment 
• Consider timeshare- forego staying in a hotel and instead rent your vacation space from an owner 
• Chris’s concierge ideas to help people strategize traveling for free 
• More golden tips on how to purchase an affordable timeshare 
• Travel the world, gain experiences and make it your legacy 

Tweetable Quotes:

• “The best things in life are your health, your family, your friends, and those precious memories and experiences.”- Coach Chris 
• “We travel not to escape life, but for life not to escape us.” - Coach Chris
• “Get out there and create those memories and experiences even in this environment.” - Coach Chris 

Get in Touch with Coach Chris:

• Website: https://coachchrisspeaks.com/ 
• LinkedIn: https://www.linkedin.com/in/coachchrisklesh/ 

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 about investing in cryptocurrency? Is cryptocurrency safe for your retirement plan? 

Before investing in anything, especially something as new as cryptocurrency, it is crucial to understand and think about its risks. Cryptocurrency is currently volatile and risky and you must be willing to lose it all when investing.

In this episode of the Secure Your Retirement podcast, we share our opinions on crypto investing and if it’s something you should include as part of your retirement plan. We examine whether the current crypto demand is long-term and whether it should be used as an investment determiner.  

In this episode, find out:

• Have an objective before planning to invest in anything
• The importance of understanding and thinking about your risks the closer you are to retirement
• Why the newness and volatility of crypto is making it very risky to invest your retirement in 
• Why you should only invest in crypto if you’re willing to lose it all
• Why you shouldn’t invest in anything that you don’t understand 
• How to invest in what is in demand and what you understand without losing money

Tweetable Quotes:

• “The close you are to retirement, it’s important to understand and think about your risks.”- Radon Stancil  
• “It’s so volatile that there’s an inherent amount of risk to it.”- Murs Tariq 
• “You should not invest in crypto or anything that you’re not willing to lose.”- 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].

Have you ever thought of what your life will look like after retirement? Life after you’ve accomplished your bucket list and have done all you dreamt of doing after you retired?

You don’t have to become old and decrepit after you retire, you can still live healthily, successfully, and vibrantly. You can still have goals that you work on backward to help you achieve your purpose.

In this episode of the Secure Your Retirement podcast, we have Karen Duncum, the founder and creator of Live Vibrantly, and an executive coach. We cover why you should work on your purpose backward to help you accomplish your goals whether you’re working or not working. 

In this episode, find out:

• How Karen went from a COO to a psychotherapist to an executive coach for business owners.
• How she discovered that people can get older, retire, and still live vibrantly.
• Karen’s 8 pillars of staying vibrant as you get older. 
• The importance of having an after-retirement purpose to help you stay vibrant.
• The fun and uplifting curriculum of tools that Karen offers her clients. 
• Why you should work backward by starting to plan the end of your life to where you are now. 
• Karen describes her program and how they feed it to her members in small soundbites.
• How to train your mind to see the good in things to develop a positive attitude. 

Tweetable Quotes:

• “We get to get older, we get to retire, and still be fully vibrant, healthy, and successful people.”- Karen
• “When you train your mind to see the good in things, you become a positive person.”- Karen

Important Links & Mentions:

For Karen's Complimentary Eight Week Course Click this Link : https://livevibrantly.life/8-week-trial/

Website: https://livevibrantly.life/ 

Email: [email protected] 

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 heard of the Exchange Traded Fund or an EFT? 

An ETF is a stock of stocks but is bought and sold like an individual stock. It is a valuable, efficient, and evolving investment method to consider as part of your retirement plan. You might be asking yourself ‘what makes an ETF that attractive?’ or ‘what is the difference between an ETF and other investment methods?’

In this episode of the Secure Your Retirement podcast, we talk about the advantages of the Exchange Traded Fund and its difference from a mutual fund. We share the different types of ETFs we’ve invested in and our experience so far.

In this episode, find out:

• Understanding an Exchange Traded Fund and how it works.
• Understanding mutual funds and their difference from the ETF.
• How an ETF allows investment diversification.
• The efficiency of an ETF over a mutual fund. 
• The advantages of ETFs and the different directions you can go with them as stocks.

Tweetable Quotes:

• “If the ETF is actively managed, then it’s going to have a little bit higher fees than a passive ETF.”- Radon Stancil
• “If you can imagine the world of the stock market, you can get whatever you want with the ETF world.” - 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].