Secure Your Retirement

Our first ever Wine Down Show! 

Once a month, rather than interview one person, we will be sitting down with several guests to hear multiple topics and opinions from the show! Sit down with a glass of wine or preferred beverage and enjoy!

On this Episode:

• Hear from Lauren Stancil (Radon’s wife), Renee Hillman (Real Estate Agent and previous guest), and Debbie Neal (client) as well as your hosts, Radon and Murs!
• The group discusses the topic of wills and trusts in estate planning and how it is different for everyone.
• The group discusses how frequently you should look into updating your plan.
• Hear them talk about how your plan affects your children and grandchildren.
• The group talks about downsizing and how the numbers play a role in the decision!
• Hear the group discuss the economy and the stock market from the episode with Andrew Opdyke.
• The group talks about the positives that have come from Covid. 

Key takeaways:

• Stay informed as tax and trust laws change as the government and IRS see fit.
• Have experts in your corner.
• A lesson from Covid has been to take the time for the most important things in life- family, friends, and health!

Tweetable Quotes:

“It’s great to have experts in your corner in all aspects.” - Renee

“You can’t look at the stock market day to day. You have to look at it over time.” - Debbie

Resources:

If you are in or nearing retirement and are looking 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 the complimentary video course, Four Steps to Secure Your Retirement. To access the course, simply visit POMWealth.net/podcast.

Reach out to [email protected] for information about the Pinot Noir that we had on today’s show!

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

Welcome to the weekly Retirement in Action segment of our show! Every week Radon and Murs will take an interview or topic discussed recently on the show and talk about the points that can be put into action!

Radon and Murs break down their thoughts and answer questions brought up from the interview with economist, Andrew Opdyke.

On this Episode:

• Why the economy means we manage money actively with a fluid investment plan
• Radon and Murs compare active vs passive investment plans
• Radon and Murs talk about managing risk in the economy
• They discuss the different portfolio models
• Radon and Murs define and explain equity and how it relates to retirement

Different Portfolio Models:

• Growth portfolio- most aggressive up to 100% equities
• 80% equities portfolio- rest in bonds
• 60% equities portfolio- rest in bonds
• 40% equities portfolio- rest in bonds

Tweetable Quote:

"You have to be moving as the market moves!" - Radon Stancil

Resources:

If you are in or nearing retirement and are looking 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 the complimentary video course, Four Steps to Secure Your Retirement. To access the course, simply visit POMWealth.net/podcast.

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

Andrew Odyke is a Certified Financial Advisor and Economist at First Trust Advisors, an asset management firm in the Midwest. We talk with him regarding all things economy and how it impacts us and the decisions we make.

On this Episode:

• Andrew gives his background and how he came to be an economist
• Andrew tells Radon and Murs his thoughts on the challenges we see in today’s economy
• Andrew discusses inflation in the economy and where it’s going now
• Radon and Murs hear Andrew talk about the government and equity and how it drives the market
• Andrew gives his opinion on the disconnect between the economy and the market
• Radon, Murs, and Andrew define GDP and discuss how it’s calculated
• Andrew talks about the recovering economy after Coronavirus
• Andrew talks about the effects of the election year and the economy

Key Takeaways:

• Emotions can win in the short term, but numbers win in the long run
• Take a step back to find the opportunity rather than focusing on the negativity and concern surrounding the economy
• Make decisions based on what is in front of you rather than guess work

Tweetable Quotes:

"Math always speaks the truth"- Murs Tariq

"At the end of the day, what economics is about is - what are the forces that impact how we interact with each, how businesses interact with each other, and how growth occurs in countries over time." - Andrew Opdyke

Resources Mentioned:

If you are in or nearing retirement and are looking 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 the complimentary video course, Four Steps to Secure Your Retirement. To access the course, simply visit POMWealth.net/podcast.

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

Welcome to the weekly Retirement in Action segment of our show! Every week Radon and Murs will take an interview or topic discussed recently on the show and talk about the points that can be put into action!

Radon and Murs break down their thoughts and answer questions brought up from the interview with Real Estate agent, Renee Hillman.

On this Episode:

• Radon and Murs talk about downsizing and when to bring in your Financial Advisor
• Radon and Murs talk about what we all need to think about when wanting to pay off a mortgage when a bulk of our savings are in IRAs or 401ks
• Radon and Murs talk about how they handle selling your house when you have found your dream retirement home
• Radon and Murs give their thoughts and advice on loaning money to others

Key Takeaways:

• Determine the purpose behind downsizing
• Think about cash flow rather than just low mortgage interest rates
• When loaning money, you need to be careful to plan to be financially ok if you do not get it back

Resources:

If you are in or nearing retirement and are looking 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 the complimentary video course, Four Steps to Secure Your Retirement. To access the course, simply visit POMWealth.net/podcast.

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

Renée Hillman, is an industry veteran with over 20 years of experience in the Triangle Market. She leads her small but mighty team at Hillman Real Estate Group at EXP Realty.

She immediately was in the top 1% of the Triangle area REALTORS in year two and has maintained and climbed to the top 1% in the nation for over 5 years. An impressive 80% of her and her team's business comes from word of mouth, referrals, and repeat clients.

When Renee isn't immersed in real estate she enjoys traveling with her family, hiking, going to Lake Gaston, checking out our different breweries and exploring all the great restaurants in our area!

On this episode:

• Renee tells her background story and how she came into real estate at a very young age.
• Hear the first thing you should do when thinking about selling your house
• Listen to what Renee says you should consider to improve selling your house
• Learn about the best time of year to sell
• Hear if and how the location impacts the ability to sell
• Learn from Renee’s expertise on listing and comps
• Renee explains Do Diligence contracts and fees
• Renee ties in escrow and helps us understand what it is.
• Hear Renee give her thoughts on downsizing

3 Keys to Hiring a Real Estate Agent:

• Someone who is experienced
• Look at their process and how it is handled
• Someone you can trust

Quotes:

“It’s building a relationship. Building that trust. That’s what's most important to us.” - Renee Hillman

Renee Hillman:

Cell: 919-868-4383

Website: www.hregsells.com

Email: [email protected]

Resources Mentioned:

If you are in or nearing retirement and are looking 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 the complimentary video course, Four Steps to Secure Your Retirement. To access the course, visit http://POMWealth.net/podcast

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

Welcome to the weekly Retirement in Action segment of our show! Every week Radon and Murs will take an interview or topic discussed recently on the show and talk about the points that can be put into action!

Radon and Murs break down their thoughts and answer questions brought up from the interview with estate planning attorney, Chess Griffin.

On this Episode:

• Radon and Murs break down their thoughts and answer questions brought up from the interview with estate planning attorney, Chess Griffin.
• Radon and Murs discuss the reason for having multiple layers of beneficiaries in estate planning. 
• Radon stresses the importance of a team approach by working with the key advisors- your financial advisor, your estate planning attorney, and your CPA- in a cohesive plan. 
• Radon and Murs discuss how they handle the retirement income plan in regards to helping or loaning money to a child.

Key Takeaways:

• The three parts to an estate plan are the will, durable power of attorney, and healthcare power of attorney. The most important is making sure you have a durable power of attorney. 
• Due to changes in the law, clients with an IRA are now often listing individuals as their beneficiary rather than a trust. 
• Estate planning attorneys should be a part of the retirement process from step one.

Your estate plan should be:

• Well documented 
• In an easy place to find
• Shared and communicated with all involved with your plan (financial adviser, estate attorney, and CPA) 

Resources:

If you are in or nearing retirement and are looking 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 the complimentary video course, Four Steps to Secure Your Retirement. To access the course, simply visit POMWealth.net/podcast.

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

Chess Griffin practices in the areas of estate and trust planning, probate and estate administration, guardianships, and elder law. He also assists numerous business owners with various business and corporate matters, from business/LLC formation to commercial contracts to leases to shareholder agreements.

On this Episode:

• Chess shares his 23 year background in the estate planning world.
• Get a clear explanation of what an estate plan is.
• Learn the difference between a trust and a will.
• Find out how to utilize trusts to protect assets regardless of divorces, creditors, early death, etc.
• Chess shares why you should consider going to an estate planner as opposed to a site like LegalZoom.

The Three Legged Stool of Estate Planning:

• A will.
• A durable power of attorney.
• A healthcare power of attorney with a living will component.

Tweetable Quotes:

“Being an executor is like being a detective.” – Chess Griffin

“Having somebody help you think through your estate plan is key.” – Radon Stancil

Chess Griffin:

• www.kirschlaw.com/charles-n-griffin-iii-chess
• 919.848.0420

If you are in or nearing retirement and are looking 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 the complimentary video course, Four Steps to Secure Your Retirement. To access the course, simply visit POMWealth.net/podcast.

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

A first look at the Secure Your Retirement Podcast.

You worked hard to get where you are, now have a retirement that works hard for you.