Secure Your Retirement

By Radon Stancil, CFP® & Murs Tariq, CFP®Business Education Self-Improvement Investing How To

Secure Your Retirement episodes

April 26, 2021Wine Down - Estate Planning - Long Term Care and More
What are your biggest concerns when it comes to retirement planning?
It’s fun and exciting to think about the trips you might take or the activities you’ll have lots of time to enjoy in retirement. But there are also serious sides to planning for retirement, including what happens when things don’t go to plan.
In this Wine Down episode, we open the floor to five retirees to talk about their concerns for the future. Special guests Norm and Carol Kelley, Al McCleary, and Jax and Cindy Robertson join us to share their thoughts and ask questions about long term care insurance, estate planning, and more.
Hit play to hear our answers and find out about their retiree stories so far.
In this episode, find out:
Answers to our guests’ questions about planning for long term care and insurance
Why we don’t recommend switching existing long term care insurance policies
How long term care insurance works alongside moving into a CCRC
How CCRCs make the transition between independent and assisted living seamless
What to consider when estate planning
Why you should perform annual beneficiary check-ups
Tips for implementing power of attorney
The compelling story behind today’s wine – Three Finger Jack

Tweetable Quotes:
“If you’ve got an existing long term care insurance policy with rich benefits, you don’t want to lose those.” – Radon Stancil
“Giving somebody power of attorney to change beneficiaries is a huge power.” – Radon Stancil
Important Links & Mentions:
Continuous Care Retirement Community Understanding Your Options
Understanding Long Term Care

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].
35 min
April 21, 2021How To Convert an IRA to a Roth IRA
Is a Roth conversion right for you?
Moving your money from a traditional IRA or 401k and into a Roth IRA can be a smart choice for your future. But, while the mechanics of a Roth conversion are simple, it’s important to get the full picture to find out if this move will benefit you in the long term.
In this episode, we share everything you need to know about doing a Roth conversion, including what a Roth conversion is, why you may choose to do one, and the process of moving your money between pre-tax and after-tax accounts.
In this episode find out:
The differences between a traditional IRA and a Roth IRA
How much of a traditional IRA you can convert to a Roth IRA
The mechanics of doing a Roth conversion
Everything you need to know about conversion tax
Why you need to consider future tax
How a Roth conversion helps you avoid required minimum distributions
Why you shouldn’t take a cookie-cutter approach to conversions

Tweetable Quotes:
“You are able to convert 100% of your traditional IRA into a Roth – there are no conversion limits.” – Radon Stancil
“When you do a Roth IRA conversion, there are going to be taxes involved.” – Murs Tariq
Important Links & Mentions:
Book a call with us
3 Keys to Secure Your Retirement
Peace of Mind Wealth Management Blog

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].
22 min
April 19, 2021Andrew Opdyke - The Economy After The First Quarter 2021
The markets got off to a strong start this year, but is this growth set to continue?
As the economy slowly starts to rise from the ashes of the pandemic, 2021’s forecast looks good – even despite some potential obstacles along the way. With inflation, stimulus packages, and government bills all hot topics in the media right now, we asked Andrew Opdyke to share his thoughts.
Andrew is a Certified Financial Advisor, Economist at First Trust Advisors, and a returning guest on the Secure Your Retirement podcast. Listen in as he reveals his expectations about how the markets and economy will develop over the next quarter and beyond.
In this episode find out:
Andrew’s thoughts on the economic and market performance of 2021 so far
The stimulus accelerated spending effect
How inflation could impact the next quarter
When the proposed infrastructure bill may impact the economy
Andrew’s expectations for 2021’s second quarter
Why Andrew is paying close attention to inflation and COVID-19 variants
Andrew’s personal and economic forecast for the rest of 2021

Tweetable Quotes:
“From an economic perspective, reopening is the best possible stimulus we could ask for.” – Andrew Opdyke
“Uncertainty is going to remain with us.” – Andrew Opdyke
Important Links & Mentions
Andrew Opdyke - The Economic Outlook For 2021
Andrew Opdyke - Does the Economy Impact Your Retirement?
Andrew’s LinkedIn
Peace of Mind Wealth Management blog

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].
25 min
April 14, 2021How Does Inflation Affect Retirement?
There’s a lot of talk about inflation and the future of our finances right now. If you’re concerned about what this means for your retirement savings, this episode of Retirement in Action can help put you at ease.
It’s no secret that inflation will impact your spending – especially in retirement. However, this shouldn’t be a cause for concern. In this episode, we look at an in-depth example of how inflation affects a retirement plan and the spending variables that can influence your savings over time.
In this episode, find out:
Why it’s important to understand how inflation works
The average inflation rates over the last 10 and 100 years
How to factor inflation into a retirement income plan
Why we work with conservative inflation and growth rates
What COLA (cost-of-living adjustment) is
The relationship between spending and inflation in retirement
Why retirees are less susceptible to inflation

Tweetable Quotes:
“Just a 1% swing on inflation can have such an impact” – Murs Tariq
“The 100-year inflation average is just a little bit above 3%” – Radon Stancil
Important Links & Mentions
Peace of Mind Blog
3 Keys To Secure Your Retirement

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].
20 min
April 12, 2021Dr. Amy D’Aprix - Navigating Life's Changes
How prepared are you to navigate life’s challenges as you transition into retirement?
Moving into this new phase of life is an exciting time. You might be ready to say goodbye to working and your old routine, but you also need to consider what awaits you on the other side.
When it comes to preparing for retirement, most people think only about the financial side. In reality, retirement is far more than finances – it’s an entire lifestyle overhaul. To talk to us about managing this transition, we invited Dr. Amy D’Aprix to join us in this Secure Your Retirement episode.
Dr. Amy is an author, speaker, and a trusted advisor, helping people navigate life’s challenges. In our discussion, she shared the key things you need to plan before retirement and why you need to think beyond those big retirement dreams to create a life you love every day.
In this episode, find out:
How Amy’s career developed into working with life transitions
What the "chapters within retirement" are
The differences between early, mid, and late retirement
How to create a life that you can fall in love with
Why we need to evolve the traditional idea of retirement
How to find purpose and meaning in new chapters of your life
Why you should invest in your relationships
Why housing and health are important factors to consider in retirement

Tweetable Quotes:
“You want to continue to grow and evolve your life right until the day you die.” – Dr. Amy D’Aprix
“Contribution and connection. Two key things you need to have in order to have a life purpose and meaning.” – Dr. Amy D’Aprix
Important Links & Mentions:
Amy’s website
3 Keys to Secure Your Retirement

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].
26 min
April 07, 2021Can You Retire Early?
Have you been thinking, “I’m done with work and ready to retire”?
Then you’re not alone. Lots of people are in a similar situation and want to know if they can retire earlier than they’d planned.
But is it something you can realistically consider? And if so, what happens to your retirement income plan?
In this episode of the Secure Your Retirement podcast, we’re asking the question, “Can You Retire Early?”. Covering what you’ll need to consider and how it will affect your finances, we’ll show you if early retirement is the best option for you.
In this episode, find out:
What early retirement looks like from a financial point of view
What to consider if you’re thinking of retiring early
What affects your retirement assets if you choose to retire early
How to calculate a realistic spending plan for your retirement
Why now is the perfect time to create a retirement income plan

Tweetable Quotes:
“We have to assume a point that we will need money until, so we plan up to age 90” – Murs Tariq
“If you don’t have a written retirement plan, we’d encourage you to have a conversation with us” – Radon Stancil
Important Links & Mentions
Text our hotline: 984-207-1753

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].
21 min
April 05, 2021Dr. Prakash - Living Your Healthiest Life in Retirement
If you experience aches and pains, how do you deal with them?
When your body starts talking back to you, it’s often a sign that something isn’t right, and you might seek out a way to fix it. For many of us, this involves turning to a chiropractor. However, if you’ve not been to a chiropractor before or aren’t sure if it’s the best way to maintain your body health, you may have some questions.
We invited chiropractor, Dr. Ankur Prakash, to join us in this podcast episode to share his thoughts on managing your health as you age. We talk about Dr. Prakash’s holistic approach to chiropractic care and discuss why it’s important to look at the big picture when it comes to your health. He also reveals what you should work on to prevent pain, how to boost your immunity, and why more people should consider visiting a chiropractor.
In this episode find out:
Dr. Prakash’s outlook on modern chiropractic care
Why being healthy and wealthy is a mindset
The pros and cons of investing in health management
Why you should focus on maintaining your health, rather than treating disease
The expected (and unexpected) benefits of chiropractic treatment for seniors
Why posture and flexibility are the top two things you should work on as you age
How chiropractic care can boost your immunity
What an appointment at Dr. Prakash’s chiropractic practice looks like

Dr. Prakash shared some slides during our conversation. If you’d like to read these, you can find the video version of this discussion on our YouTube channel.
Tweetable Quotes:
“Being healthy is a mindset first.” – Dr. Ankur Prakash
“It’s not the pain – it’s how the pain affects your quality of life.” – Dr. Ankur Prakash
Important Links & Mentions:
Dr. Prakash’s North Carolina practice, Living Well Balanced
Dr. Prakash’s New York practice, Living Well Balanced
Call Dr. Prakash’s practice on 919-926-8890

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].
31 min
March 31, 2021What Does Being A Fiduciary Mean?
A lot of people say you should work with a fiduciary, but what does that mean?
If you’ve ever searched for financial help online, chances are you’ve come across the term “fiduciary.” It’s one of those words that gets thrown around a lot, but is it something you need to think about?
In this episode of Secure Your Retirement, we talk to you about fiduciaries, clearing up any confusion about what they are and what they can offer. So, when you next need financial advice, you’ll have a better idea of what to look out for.
In this episode, find out:
What a fiduciary is
What you can expect from working with a fiduciary
What the “suitability standard” is
Why a business would choose not to be a fiduciary
Things to consider when looking for a financial advisor

Tweetable Quotes:
“There’s a lot of things that can make someone a fiduciary…and things that limit it too” – Murs Tariq
“A fiduciary is required to always put the interest of the client ahead of their own” – Radon Stancil
Important Links & Mentions
Text our hotline: 984-207-1753

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].
18 min
March 29, 2021Wine Down - Beyond Retirement and Money
Do you have big plans for your retirement? Maybe you want to travel the world? Or you might be content with a nice plot of land you can enjoy with friends and family?
Whatever your retirement goals, it’s never too early to start planning for life after work. Our retirement years are precious, so if you want to hit the ground running and make the most out of them, preparation is key.
In this Wine Down Show, we’re joined by Jacquie Doucette, founder of the Beyond Retirement podcast. Jacquie helps people plan for their retirement years with a unique approach that’s all about finding fulfillment in the smaller things in life.
Sound good? Then grab a glass of wine (or your beverage of choice) and listen in as we discuss retirement planning and why it matters.
In this episode, find out:
Why planning for retirement means more than financial stability
Tips on how to start planning for life in retirement
Jacquie’s unique “blueprint” guide to retirement planning
Our thoughts on today’s wine – a Cabernet Sauvignon from the Francis Ford Coppola Winery

Tweetable Quotes:
“Sit down and think about the things you used to do as a kid…now you’ve got time to go back and do those things.” – Jacquie Doucette
“We shouldn’t have a box that says, ‘this is what I’m supposed to do in retirement’.” – Radon Stancil
Important Links & Mentions:
Listen to Jacquie Doucette’s Beyond Retirement podcast on Apple Podcasts.

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].
30 min
March 24, 2021Social Security - When Is The Right Time?
If you’re getting ready for retirement, one of the most important questions you’ll want answering is, "when should I take Social Security?"
This is the most frequently asked question by all of our pre-retiree clients. There’s lots of information out there that dives into when the right time to take Social Security is, and, usually, people already have an idea of when might suit them. However, what this information fails to take into account is your own personal situation.
In this episode, we illustrate the impact taking Social Security at different times can have on your assets. We also talk about all the Social Security need-to-knows, including penalties, limitations, and more.
In this episode find out:
When you can start taking Social Security
Why people often say you should wait and take Social Security later
What penalties and earning limitations there are
The long-term impact taking Social Security has on your assets
How to find out more about when you should take Social Security

Tweetable Quotes:
“If you decide to take Social Security before full retirement age there are penalties” – Murs Tariq
“If you earn more than the Social Security limit, it’s highly unlikely that taking Social Security will make sense for you” – Radon Stancil
Important Links & Mentions
Read the Social Security article on our blog
Schedule a complimentary call: https://www.appointmentcore.com/app/freeslots/ZjtcsuW

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].
25 min