The Retirement Huddle

In today's episode, we're going to discuss some of the unreasonable requests that can arise during the retirement planning process. Tune in as we tackle some common misconceptions, dissecting why they may not be feasible, and provide valuable insights on what to expect instead. From desiring high returns with little to no risk to hoping to avoid paying taxes on your IRAs and 401ks, Mark will shed light on the realities of successful retirement planning in today's talk.

Here's what we'll discuss in today's show:

• "I want to get some bigger returns with little or no risk"
• Is it reasonable to request a reduction in fees for financial advisory services?
• "How can I get out of paying taxes on the money in my IRAs, and 401ks?"
• Why it's crucial for individuals to actively participate in their retirement planning process

Want to get in touch with Mark?

https://retirementhuddle.com/ [email protected] 888-511-7526

The classic film, Forrest Gump, is filled with loads of memorable lines that many of us know and love. In today's episode, we're going to explore the unexpected financial lessons that are hidden within this iconic movie. Listen in as we discuss the importance of putting the past behind you, making informed decisions, planning for the unexpected, and much more.

Here are the quotes we discuss in this episode:

• "Mama always said, life was like a box of chocolates. You never know what you're gonna get."
• "You've got to put the past behind you before you can move on."
• "What's normal, anyway?"
• "Mama always said dying was a part of life. I sure wish it wasn't."

Want to get in touch with Mark?

https://retirementhuddle.com/ [email protected] 888-511-7526

In this episode of "The Retirement Huddle," we're diving into the world of retirement income gaps. Mark shares his insights on the different types of gaps individuals may encounter during retirement and how to effectively prepare for them. From the paycheck gap to the widow's gap, we'll discuss the importance of having a comprehensive income strategy to ensure financial stability and peace of mind in retirement.

Here's some of what we discuss in this episode:

• Paycheck Gap: When retiring, it's crucial to plan for the gap created when you leave your regular paycheck. Maximize Social Security benefits and consider investments to fill the income void.
• Social Security and Medicare Gaps: Retiring before Medicare eligibility at age 65 can create healthcare coverage gaps. Explore alternative healthcare options and plan for short-term healthcare needs.
• Inflation Risk: Inflation can erode your purchasing power in retirement. Build an inflation-proof retirement plan to ensure your income keeps pace with rising living costs.
• Long-Term Care Gap: Healthcare costs can become a significant financial burden in retirement. Explore options to cover potential long-term care costs, such as alternative insurance or income streams.
• Widow's Gap: Often overlooked, the income gap that occurs when one spouse passes away can be substantial. Plan for this gap to ensure financial stability for the surviving partner.

Want to get in touch with Mark?

https://retirementhuddle.com/ [email protected] 888-511-7526

Have you ever wondered why Mark works in the financial planning business? What drove him to start Howard Financial Group? In this episode, Mark opens up and shares his influences, dreams, and goals to help you get to know why he's so passionate about what he does every day.

Hopefully that passion has come across in this podcast over many episodes, but we wanted to take a little time on the personal side of the business. It's not a question we get every day but knowing who we are and what's important to us will help us serve you better.

Here's some of what you'll learn in this episode:

• The impact his father had on his life and why his passing changed the trajectory of Mark's career.
• Why Mark sold his ownership in a health club to move into the financial industry.
• What professional influences has he had since starting the business?
• What he considers to be the most gratifying and most frustrating parts of the job.

Thanks for listening! We'll be back for another show every other Thursday.

Want to get in touch with Mark?

https://retirementhuddle.com/ [email protected] 888-511-7526

Social Security is a big part of what we discuss with clients on a daily basis because the majority of us will rely on this retirement benefit for income after we've stopped working. Despite its importance to planning, there's a lot that the average person doesn't know about Social Security.

Here's some of what you'll learn in this episode:

• What are work credits and how many do you need?
• Some of the rules surrounding spousal benefits and who might benefit.
• The conditions for claiming benefits from your ex-spouse.
• What is the earnings test and how does it tie into your benefits?
• Your Social Security benefits can actually be garnished by the federal government.

Want to get in touch with Mark?

https://retirementhuddle.com/ [email protected] 888-511-7526

Have you ever watched the hit TV show Parks and Recreation? The comedy show starring Amy Poehler and Nick Offerman ran from 2009 to 2015 and followed the antics of an Indiana town's public officials as they pursued projects to make their city a better place.

Believe it or not, you can learn a lot about retirement from the show, especially from the character Ron Swanson, played by Offerman.

Check out today's show if you want to hear more of Ron's wisdom. As always, if you have any questions about retirement or investing, feel free to reach out to us for help.

Here's is some of the wisdom we discuss in this episode:

• "There's only one thing I hate more than lying: skim milk. Which is water that's lying about being milk."
• "I'd wish you the best of luck but I believe luck is a concept created by the weak to explain their failures."
• "The whole point of this country is if you want to eat garbage, balloon up to 600 pounds and die of a heart attack at 43, you can! You are free to do so. To me, that's beautiful."

Want to get in touch with Mark?

https://retirementhuddle.com/ [email protected] 888-511-7526

Late night comedian and host Johnny Carson could bring the funny, but his words also carried wisdom about financial planning. He famously said that people will pay more to be entertained than educated.

Check out today's show if you want to hear more of Johnny's wisdom. As always, if you have any questions about retirement or investing, feel free to reach out to us for help.

Here's some of what you'll learn in this episode:

• "I know a man who gave up smoking, drinking, sex, and rich food. He was healthy right up to the day he killed himself."
• "People will pay more to be entertained than educated."
• "I work because I enjoy what I'm doing, and the fact that I make money at it is a fine-and-dandy side fact."

Web: https://retirementhuddle.com/ Email: [email protected] Phone: 888-511-7526

It's time for another mailbag episode! We have an exciting lineup of topics to discuss today. Listen in as we tackle some current questions from our listeners, and you'll likely gain some invaluable insights to help you make informed financial decisions.

This episode could be very helpful if you're looking to improve your financial situation and prepare for retirement. We will discuss what to do with extra money, how to have conversations about your will with your kids, and more. You don't want to miss this one! If you have any questions about retirement or investing, feel free to reach out to us for help.

Here's some of what you'll learn in this episode:

• What should we do with extra money? (0:48)
• What's the best way to keep my kids from being upset over a will? (4:25)
• How much should you save each year? (8:28)

Want to get in touch with Mark?

https://retirementhuddle.com/ [email protected] 888-511-7526

On the list of dozens of retirement-related concerns, how high on the list does the potential need for long-term care rank for you? If you live long enough, chances are you will need extra medical help, and those expenses can add up quickly. On today's show, we'll share some questions you should consider when deciding whether you need long-term care insurance.

Here's some of what you'll learn in this episode:

• Who needs long-term care insurance? (1:00)
• How realistic is it to self-insure against long-term care expenses? (2:05)
• Mailbag: It is common for children to help parents with long-term care? (5:53)

Want to get in touch with Mark?

https://retirementhuddle.com/ [email protected] 888-511-7526

It's time for another mailbag episode! We have an exciting lineup of topics to discuss today. Listen in as we tackle some current questions from our listeners, and you'll likely gain some invaluable insights to help you make informed financial decisions.

In this episode, we discuss what to do if your life insurance cash value is getting lower, how to get your spouse more involved in finances and when to walk away from your job, 401(k), and stock options.

Here's some of what you'll learn in this episode:

• Why is my mom's life insurance cash value getting lower and lower? (0:57)
• Should I make my husband get more involved in our finances? (3:22)
• Should I walk away from my job and stock options? (8:12)

Want to get in touch with Mark?

https://retirementhuddle.com/ [email protected] 888-511-7526