The Retirement Huddle

Financial lessons can be found everywhere you look, even on The Weather Channel. Today we're taking four common weather terms and finding the equivalent in retirement planning.

Read more and get additional financial resources here: https://retirementhuddle.com/podcast/ep-8-financial-forecast-how-planning-is-like-the-weather/173/

Today's show schedule:

1:03 – What are the tornadoes of the financial world?

3:23 – The Jet Stream

4:39 – The Heat Index

6:18 – Black Ice

We work with many, many Baby Boomers so we see and hear the concerns they have heading into retirement. Let's discuss what challenges are facing this generation and where mistakes often get made during the planning process.

Read more and get additional financial resources here: https://retirementhuddle.com/podcast/ep-7-the-challenges-facing-baby-boomers-in-retirement/167/

Today's show schedule:

0:39 – What percentage of our clients are Baby Boomers?

1:45 – What unique financial challenges are Baby Boomers facing?

4:16 – The Sandwich Effect

4:44 – Two more challenges: pension funds and unfavorable market cycles

6:02 – One of the biggest financial fears we hear from Baby Boomers.

6:43 – What mistakes do Baby Boomers make with retirement planning?

After all of the hard work it takes to make it to retirement, why would you go and do anything to jeopardize your finances or your lifestyle? Unfortunately, it happens all too often for a number of different reasons. Today we'll tell you about some of the most common mistakes people make and what you can do to avoid the same fate.

Read more and get additional resources here: https://retirementhuddle.com/podcast/ep-6-how-to-ruin-your-retirement/156/

Today's show schedule:

0:55 – Treating retirement as the finish line.

2:21 – People believe retirement will solve their problems because they're no longer working.

3:28 – Assuming that your monthly spending habits in retirement can be determined by your habits while working.

5:09 – People stop being active in retirement.

7:23 – Investing like you're 35-years-old.

9:05 – Here's what we do to help someone that calls us and wants to start the planning process.

The SECURE Act took effect to start 2020 and it's the first significant retirement legislation in many years. Let's look at the key changes to retirement planning and how it might impact your future.

Read more and get additional financial resources here: https://retirementhuddle.com/podcast/ep-5-how-the-secure-act-impacts-your-retirement/150/

Today's show schedule:

1:07 – RMD age moves from 70.5 to 72. There are some important points to know.

3:41 – There's now no age limit on IRA contributions as long as you have earned income.

4:47 – Inherited retirement accounts now have to be distributed within 10 years.

7:46 – Penalty-free withdrawals from retirement accounts up to a certain amount for new parents.

8:54 – There are now more 401k options for small businesses out there.

9:44 – These are all great things to review with an advisor.

A lot of us are in a rut right now. The state of the economy remains in limbo as unemployment rises and businesses struggle to remain open.

It can be overwhelming to completely rearrange your daily life while trying to balance your finances. We're all dealing with this together and we'll help each other get through this rough patch.

Without answers it might seem like the optimism is a long ways off, but let's shake that feeling and take back control. On this episode of The Retirement Huddle, Mark Howard is going to provide a financial pep talk when we need it most. Let's discuss the things they are teaching you in school but have a huge impact on your retirement mindset.

There will be good days and bad days as our country works to get the coronavirus health crisis under control, but we don't have to predict the future to win this game of retirement planning. Keep that in mind every day. Hopefully this episode will help serve as motivation or inspiration during these uncertain times.

Thanks for listening to this episode. We'll be back for another show every other Thursday.

Get additional resources here: http://howardfinancialgroup.com

Today's Show Rundown:

0:43 – Finding financial certainty in these uncertain times.

1:33 – Being unshakeable is a state of mind.

1:59 – We're still living in a fragile world.

3:33 – We don't have to predict the future to win this game of retirement planning.

5:00 – Here's how we'll help you answer the important questions in your life.

When you think about what it takes to become a better investor, what do you imagine? Are you envisioning some big secret strategy or a hot stock tip that pushes you to another level?

The truth is you might not need any major changes. Often it's just a mentality or a personality trait that can lead you to the results you hope for. Let's take highly-intelligent people for example. When you think about the characteristics they possess that separate them from everyone else, many of those can be replicated by everyone. It just takes the ability to remain disciplined.

On this episode of The Retirement Huddle, let's talk about what it takes to invest like a genius. How can we take those intelligence traits and apply them to financial planning to produce better results?

Mark Howard will explain why being highly-adaptable, acknowledging what you don't know, and being willing to learn from other people's experiences can give you a leg up on investing. It might not seem like a major revelation, but consistently doing these things will improve you as a person and an investor.

Thanks for listening to this episode. We'll be back for another show every other Thursday.

Get additional resources here: http://howardfinancialgroup.com

Today's Show Rundown:

1:01 – 1st characteristic: highly-adaptable

4:11 – Know when to hold them, know when to fold them.

4:38 – 2nd characteristic: they acknowledge when they don't know.

7:03 – 3rd characteristic: willing to learn from others.

9:32 – Be proactive with your financial plan.

The traditional IRA has long been the popular retirement account for investors but the Roth is making up a lot of ground. Let's explore the differences between the two and help you understand why you might choose one over the other.

Read more and get additional information here: http://howardfinancialgroup.com

Today's rundown:

0:50 – What's the difference between a traditional IRA and a Roth?

3:30 – Why have people used the traditional IRA for so many years?

4:29 – Why is the Roth so powerful for most savers?

5:51 – Does Mark believe the Roth will be a popular tool as we move forward?

7:09 – Are there certain people that would be better fit for a Roth or traditional?

Mark Howard has worked in financial planning for more than three decades and plans to bring that knowledge and experience to the world of podcasting. On this debut episode, we'll tell you more about Mark, how the business began, and what we have in store for this show.

Learn more here: https://www.howardfinancialgroup.com/

Today's rundown:

1:55 – Mark explains how he got started in the business.

3:03 – The two reasons Mark decided to start his own business.

4:54 – What do you like best about the retirement planning process?

7:21 – The idea behind the podcast is education.

8:54 – Looking forward to the show. Here's where you'll find it every other week.