Secure Your Retirement

What is a contrarian way of thinking, and how can it change your approach to investing? While it's easy to get caught up in the mainstream news and financial shows, they aren't always the best way to get information on your investments.

A contrarian way of thinking is a different and interesting approach that gets away from what you hear in the news and starts to drill into the numbers. It's been Mark Hulbert's focus for his 40+ year career, so we invited him to share his thoughts in this episode.

Mark is a columnist for MarketWatch, Callaway Climate Insights, and TheStreet and has also been featured in The Wall Street Journal and The New York Times business section. Previously, Mark founded the Hulbert Financial Digest, which tracked the performance of stock market investment newsletters for 36 years. He is fascinated by market trends and strives to figure out how the world works by understanding differences and regularities in the market.

In this episode find out:

• How tracking investment performance has changed over the last 40 years
• How Mark’s contrarian perspective has shaped his career
• What drew Mark to analyzing investment newsletters
• Why Mark believes you can’t ignore different approaches to investment analysis
• The system that Mark uses to model portfolios and track their performance
• What realization triggered Mark’s contrarian thinking
• Mark’s thoughts on the market changes due to COVID-19, The Federal Reserve’s actions, and the presidential election
• Why Mark created The Hulbert Stock Newsletter Sentiment Index 

Tweetable Quotes:

“The economy responds to uncertainty”

“The next couple of years are far riskier than I think the market right now is betting”

“I always bet that the market will probably be a bit higher because historically, that's the most intelligent bet”

Important Links & Mentions:

• Mark’s MarketWatch column
• Mark’s Callaway Climate Insights articles
• Mark’s TheStreet articles

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 mailto:[email protected].

Should an annuity be part of your retirement plan?

If you want to make the most of your later years, investing in the right income streams can offer financial freedom in retirement. The question is, can an annuity help you achieve your financial goals?

In this episode, we’re looking at the ins and outs of annuities and sharing tips and advice to help you decide if they’re right for you. We cover what they are, why people invest in them, and we’ll show you how an annuity could fit into your retirement plan.

In this episode, find out:

• What annuities are
• How annuities work
• Whether or not you should consider an annuity
• The pros and cons of different types of annuities
• How to plan for an annuity as part of your retirement

Tweetable Quotes:

“Fixed income sources that were relied upon 20-25 years ago are just not as attractive anymore” – Murs Tariq

“Do not compare a fixed index annuity to the stock market – that is a very wrong comparison” – 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]

We’re reviewing our recent podcast topics of mortgages, investments, and more, with some special guests and a glass of wine in this episode of the Wine Down Show!

We’re looking back at three recent podcast episodes, ‘How a Reverse Mortgage Helps in Retirement’, ‘Bill Sherman – Buy and Hold is Dead’, and ‘Tammi Rowe – Planning Your Mortgage and Retirement’ and getting our guests’ thoughts and answering their questions.

Joining Radon, Murs, and Morgan in this Wine Down Show are three real podcast listeners, retirees Lynn Senior, Marlene Wilson, and Cindy Jurgensen. Lynn, Marlene, and Cindy all shared some fantastic insights during our discussion, from their own experiences with finances in retirement to the things that they’ve learned from the podcast that have really surprised them!

It's a great conversation that we can’t wait for you to hear. So, grab a glass of wine – or your favorite drink – sit back, and join us as we discuss reverse mortgages, refinancing, and more!

In this episode, find out:

• Lynn, Marlene, and Cindy’s thoughts on reverse mortgages, and how their opinion changed
• The potential downsides to reverse mortgages
• Why Marlene’s buy and hold perspective changed drastically
• Why your investing focus should be risk tolerance over age
• When and why you should consider refinancing
• Why Lynn, Marlene, and Cindy all refinanced and how they did it
• Why cash flow is a priority as a retiree

If you’ve got any questions about this episode, or if there are any topics that you’d like us to cover, text it to us on +1 (984) 207-1753.

If you enjoy this episode, please subscribe to get every new Secure Your Retirement episode, including the Wine Down Show, downloaded directly to your app.

Tweetable Quotes:

“It's more about keeping what we’ve got, once we get closer to retirement, than it is about trying to make a bigger return.”

“We're refinancing, not only to take advantage of the lower interest rates but to increase cash flow.”

“Your view of the typical retiree is that you need to have your house paid off. But I've always wondered, why?”

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 your parents need a little extra help? Assisted living could be the answer.

Talking to your parents about moving into assisted living can be difficult. With a lot to consider, both financially and emotionally, you might find it a tricky topic to approach.

We’re sharing our advice on assisted living to help you have an honest discussion with your parents about their transition. Covering things like cost, logistics, and key considerations, this episode can help you make the right call when it comes to your loved ones.

In this episode, find out:

• What to consider when arranging assisted living for your parents
• The cost of moving your parents into assisted living
• The difference between assisted living and other types of retirement care
• How you can financially plan for a move to assisted living
• Stories about our clients who have arranged assisted living for their parents
• What help and support is available for people in your situation

Tweetable Quotes:

“The big thing about these communities is that the wait list can be 5-15 years” – Murs Tariq

“In assisted living, if you’re not in a position where you need a lot of care, you could find places for around $2,500-$3,000” – 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].

If you think that retirement communities are for people who believe that their best days are behind them, think again. There are many misconceptions around continuing care retirement communities (CCRCs), including who they’re for, what services they provide, and how much they cost. These preconceived notions can put many people off from considering them, but they could be a desirable option for your future.

CCRCs are an increasingly popular choice for people transitioning into retirement. We wanted to find out more about these communities, so we invited Emily Smith, Director of Sales and Marketing at Glenaire retirement community, to join us and to answer some of our CCRC questions.

Emily has been in the retirement community industry for over 20 years and has seen it evolve to meet residents’ wider needs. She’s champions CCRCs as a fantastic solution for retirees looking for an easier way of living while still enjoying their independence. In this episode, Emily provides an overview of what you need to know about CCRCs and why you should consider them as a retirement option.

In this episode, find out:

• What a continuing care retirement community (CCRC) is
• What’s included in the five different CCRC contracts
• Why you shouldn’t hesitate to join a waitlist
• How diagnoses can affect applications
• When to consider moving into a CCRC
• How CCRCs are evolving to meet a wider range of health and dietary requirements
• What options there are for spouses and joint applicants
• How your long-term care insurance works within a CCRC

Tweetable Quotes:

“There is a price for peace of mind, it turns out. Because in our case, that's really what our residents are buying into is that peace of mind knowing that their care needs would be met for life.”

“At Glenaire the age requirement [to move in] is 62. And if you're a couple, the first person has to be 62, and the second person has to be at least 58. But because of our long waitlist times, we do have people that have started joining the waitlist in their 50s.”

“There really are no hidden fees for our residents. The monthly fee includes everything except their internet.”

Important Links & Mentions

• Glenaire’s website
• Call Glenaire on (800) 225-9573
• Text the Secure Your Retirement hotline with your questions on +1 (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 mailto:[email protected].

Does your retirement plan look at “The Whole Picture”?

If you’re hoping to make big financial changes in your retirement (or as you approach retirement) finding out how your retirement plan accounts for these can give you the confidence to pursue your emotional and financial goals.

In this episode of our Retirement In Action series, we look at how your real estate goals can affect your retirement plan. So, whether you’re considering buying a second home, moving to a retirement community, or paying off your mortgage, this is an episode you don’t want to miss.

In this episode find out:

• What to consider if you’re nearing retirement and buying a second home
• What if you want to buy – and later sell – a second home?
• If you should make paying off your mortgage a priority
• How to financially plan for moving into a retirement community
• How a bespoke retirement income plan can cater to your individual needs

Tweetable Quotes:

“When you’ve got a plan, you can move forward” – Radon Stancil

“Cash flow is king when it comes to retirement” – Murs Tariq

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].

As you approach retirement, you may think that it’s increasingly difficult to get a mortgage. But that’s not always the case. In fact, there are many avenues to help retirees qualify for a mortgage, and you can discover them by speaking to a trusted mortgage advisor.

That’s why we asked Tammi Rowe to join us in this episode. We asked for her expert guidance on buying property in retirement and what options refinancing can give you.

Tammi is a Loan Officer with more than 15 years in the industry. She's a trusted professional with a diverse financial background that's taken her through positions at IBM, Cisco Systems, and GE Capital. Tammi's current role involves helping homebuyers navigate mortgage loans for their primary residence, second homes, and investment properties.

In this episode, find out:

• Why Tammi is passionate about her career
• How retirees can qualify for a mortgage
• How to buy a second home when your primary residence hasn’t sold yet
• What a bridge loan is and how it could help you purchase property
• How to manage your credit score
• Why you shouldn’t close your credit cards
• The step by step financial process of buying a home
• The pros and cons of locking in interest rates
• How refinancing could help you get a lower repayment rate
• Why you should speak to a reputable mortgage advisor

Tweetable Quotes:

“Everyone should talk to a mortgage professional because there are so many different reasons a refinance may make sense.”

“It's always good to just have maybe an annual mortgage review to see if it makes sense to do anything different.”

Important Links & Mentions

• Tammi’s website
• Tammi’s phone number: 919-624-5550

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 should you do if you are forced to retire suddenly?

Whether you have been laid off or you received an offer with a severance package, facing sudden retirement can be a confusing and stressful time. There is a lot to think about, from severance packages to planning your finances for the future and so much more.

In this episode of our Retirement In Action series, we share some stories of how we helped clients cope and plan for sudden retirement. We also share some insights and tips to help you prepare for this next phase of your life.

In this episode find out:

• The first steps to take after finding out you need to retire suddenly
• Two stories about our clients who faced sudden retirement
• What you should do with your severance package and whether you should take it as a lump sum or spread it out over a few years
• Why and how to plan your finances for retirement
• Why you must consider your social security and health insurance when planning for sudden retirement
• Why you should seek help and assistance from a financial planner

Tweetable Quotes:

“If you get a severance package…it’s much better to separate it over a few years” – Radon Stancil

“Having a financial advisor to talk to can help you walk through things objectively” – Murs Tariq

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].

Buy and Hold isn’t all it’s cracked up to be. You may have been told that you should buy and hold your stocks and that it’s the number one investment strategy. However, buy and hold is a passive investment strategy, which means you buy stocks and hold them for a long time regardless of market fluctuations. If the market crashes, there is nothing you can do about it.

Buy and hold is a very risky investment strategy that ignores volatility and market analysis. We reached out to Bill Sherman and asked him to share his professional opinion on whether buy and hold investing is a good idea.

Bill is a professional money manager who has directly managed over $600 million during his career. He has spent the majority of his professional life providing investment management services to money management firms, individual investment advisors, and brokers across the country. In this episode, we talk to Bill about his viewpoint on buy and hold and why he believes it is not always a worthwhile investment strategy.

In this episode find out:

• Where Bill grew up and how he found his way to money management
• The main flaw with asset allocation in buy and hold investing
• Why buy and hold is only beneficial if you are an institution with an infinite lifespan
• Why buy and hold investors believe that you can’t time the market and why this isn’t always the case
• How Bill and his team measure risk on a supply and demand basis
• Why it’s important to take evasive action when risk is high
• Why the essence of investment management is the management of risk, not the management of returns

Tweetable Quotes:

“Buy and hold is terrific… if you are an institution with an infinite lifespan”

“Those who don't take any evasive action when risk is high, may not survive and definitely won't thrive.”

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 know how much you will spend in retirement? How about what you’ll need to cover expenses such as food, utility bills, insurance, and so on?

Income planning is one of the most important things you can do for retirement. Having a retirement income plan not only gives you peace of mind, but it lets you see exactly how much you have to spend during retirement.

We want to help make sure that you create an income plan for retirement that you’re happy with. In this episode, we are joined by Morgan Dunn, our Chief Operating Officer, who asks some common questions we get from clients around retirement income plans. We walk you through how to build an income plan for retirement and share what expenses you need to consider while creating your income plan.

In this episode find out:

• What a retirement income plan is
• How to break your income plan into three categories: essential needs, wants, and legacy
• Why you need a written retirement income plan
• Why it’s important to understand what is for retirement and what isn’t when building your income plan
• What to do if you think you’re short
• How to start building an income plan for retirement

Tweetable Quotes:

“We break income down into three categories: Essential needs, Wants, & Legacy.”

“Inflation can have a massive impact on those dollars, and we don't want to be inflating things that just aren't going to be there.”

“Everyone should have a written retirement income plan.”

Important Links & Mentions

• Book a 15-minute Complimentary Call with our Team
• Mint

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].