The Retirement Show: Your Life, Your Money with Scott Sierens

Let's dive into financial literacy and the three traits of money you want inside your portfolio. Do you know what they are? On today's episode, we'll share the traits of money that and how they affect your portfolio.

Read more and get additional financial resources here: https://lifemoneyshow.com/podcast/ep-6-three-traits-of-money-in-financial-planning/450/

Check out our YouTube channel for more: https://www.youtube.com/channel/UCPhQ-u12d60Z0HNCwwVubdQ

What we discuss on this episode:

4:18 – Three traits of money

7:55 – Perfect portfolio

9:30 – Cash

11:20 – Annuities

12:33 – Trade offs

16:30 – Contact Scott

Let's talk about some of the areas of your financial life where you might be flirting with disaster and don't even know it. Disaster and retirement are not two words you want associated with each other.

Read more and get additional financial resources here: https://lifemoneyshow.com/podcast/ep-5-are-you-flirting-with-financial-disaster/393/

Key points:

4:00 – Out-of-date legal documents

7:23 – Incorrect beneficiary designations

9:55 – Tax time bomb

12:40 – Long-term care expenses

16:44 – 60/40 portfolio

What kind of mindset do you have financially? Are you a borrower, a saver or an investor? We'll talk about these three types of mindsets.

Read more and get additional financial resources here: https://lifemoneyshow.com/podcast/ep-4-three-money-mindsets-which-one-are-you/339/

What we discuss on this episode:

5:07 – Borrower mindset

11:06 – Saver mindset

15:40 – Investor mindset

We often see people make certain assumptions about retirement that just aren't correct. Let's explore some of these and discuss why these common beliefs might get you in trouble.

Read more and get additional financial resources here: https://lifemoneyshow.com/podcast/ep-3-this-is-why-you-never-assume-in-retirement/311/

What we discuss on this episode:

1:40 – Bullish on America?

3:54 – Assumption: Medicare will cover my healthcare needs

7:30 – Assumption: I'll spend less in retirement

9:45 – Assumption: Working in retirement

11:41 – Assumption: I need to be very conservative with investing in retirement.

14:11 – Assumption: Taxes will be lower in retirement.

As you move into that final decade before retirement, planning becomes crucial for long-term success. We call this the Financial Danger Zone. Today we'll identify the changes that need to happen as you approach retirement and what areas require the most attention as you transition into the next chapter of life.

Read more and get additional financial resources here: https://lifemoneyshow.com/podcast/ep-2-the-importance-of-the-financial-danger-zone/306/

What we discuss on this episode:

1:40 – What are the long-term effects of the third stimulus package?

5:18 – What is the retirement danger zone?

6:23 – Like a construction zone – start with thinking differently

10:19 – Slow down and be prepared for the unexpected

14:14 – Common mistakes people make in the danger zone

16:21 – Why planning makes the danger zone easier

As we launch the new podcast, we wanted to kick it all off by providing a little background on Scott and the show. Find out how Sierens Financial began, what Scott does away from work, and what you'll learn in future episodes.

Read more and get additional financial resources here: https://lifemoneyshow.com/podcast/ep-1-getting-to-know-scott-sierens-the-new-podcast/57/

What we discuss on this episode:

1:50 – What does being a financial advisor mean to you?

3:33 – How do you get into this business?

6:42 – What does the process look like for our clients?

8:49 – What do you like most about being an advisor?

9:40 – One thing to know about Scott

10:20 – A typical weekend for Scott

11:10 – What will people learn from the podcast?

13:00 – The ideal listener for the show