The Retirement Solutions Show

This week on the Retirement Solutions Show, after his Superbowl win, Tom Brady said his retirement goal was 45. Whether yours is 45 or 65, those last few working years can be tough. If you're just a few years away from retirement, like Brady, what should you be focusing on?

Then, the Associated Press says the “average” retirement lasts about 23 years. But because that’s an average, some of us will live a lot longer than that. Without knowing how many years we might have, how do we make sure we’re financially able to enjoy them all?

After that, how inflation could be a“potential threat” when it comes to our retirement strategies, and how we can prepare for it.

And, when we asked our listeners the difference between a will and an estate plan, we could sense some confusion. We're breaking down the differences and letting you know if you need one or both.

Lastly, CNBC says four-in-10 retirees have made paying off debt one of their financial priorities. Is that an appropriate approach, or are there better ways to prepare for that phase of life?

On this week's show, the guys at Oakmont talk about fees. How much is too much? Is there a way to lower your fees?

Then, CNBC says one of the biggest investing mistakes people make is trying to do it themselves. The guys share why you generally need professional help to be a successful investor?

After that, there are some basic moves you should begin making with your finances in those last few years before you leave the workforce. Oakmont outlines outlines those moves step-by-step. 

Then, Market Watch recently came out with a list of the "Ten Commandments" of retirement, including, "invest in a way that will provide a steady income stream in retirement." That might be easier said than done... the guys will explain how you can set yourself up for success in retirement. 

On this week's show, Oakmont share the key steps to get you started on planning for retirement.

Then, Jack Bogle, founder of Vanguard and the man who pioneered the concept of low-cost investing, passed away last week. Bogle once told Fox Business that most IRAs and 401(k)s are unnecessarily complicated…the guys share steps you can take to simplify your investments.

After that, as tax season approaches, some people realize that they missed taking their Required Minimum Distributions last year. IRA expert Ed Slott tells Morningstar that it’s a common problem with a relatively easy solution. Oakmont talks about ways they can help.

Then, the New York Times recently printed a story with this rather ominous headline: “Are you ready for the financial crisis of 2019?” Obviously, we don’t know when the next major downturn will hit, but is there anything we can be doing now to help us prepare for when it does?

On this week’s episode, the guys at Oakmont discuss strategies you can use to lower our tax burden in 2019. 

Then, they take a deep dive into Social Security and spousal benefits and explain why you should have a Social Security strategy.

After that, when you invest, it’s important to consider all the pros and cons. Tennis star Serena Williams is always on the lookout for a good investment…but she tells the Kneading Dough podcast that she does her homework before opening her checkbook. Oakmont shares how they help their own clients "research" retirement investments.  

They also share why it's important for couples to be on the same page about their retirement.

Lastly, they discuss some key dates to be aware of in 2019 with regards to your retirement.

All that and more from the Retirement Solutions Show with Ralph and David Hicks and the team at Oakmont Advisory Group.

This week on the Retirement Solutions Show, Bloomberg says a lot of people who are planning to work during retirement are going to be surprised when they find that they’re not able to do so… in fact, 80% of people retire for reasons out of their control. We'll share how you can plan for the unexpected when developing a retirement plan.

Then, are there any estate planning issues we need to watch out for in cases where older couples both pass within a short period of time? We discuss what you should know about beneficiary information on your accounts and how to prevent roadblocks after death.

After that, a Nationwide survey found that most 65-year-olds who are still working have no idea when they’ll have to start taking required minimum distributions (RMDs). Why is that a big deal – won’t our plan administrators tell us, when the time comes?

All that and more on this episode of the Retirement Solutions Show with Ralph Hicks, David Hicks, and the team at Oakmont Advisory Group!

On this episode of the Retirement Solutions Show, we talk a lot about the importance of having a good estate plan. But comedian Ricky Gervais told The Late Show he thinks it’ll be more fun to let his heirs just fight it out, after he’s gone… Gervais is joking, of course, but there’s a lot of truth to what he said: Not having a plan in place can create a lot of ill will and confusion among your loved ones, right?

Then, according to data from GO-Banking-Rates, 41% of Americans have this retirement goal: owning a vacation home. The guys at Oakmont discuss the upsides and downsides of owning a second home in retirement.

After that, Orville Rogers is a marathon runner who holds 13 world records. That’s pretty impressive, especially when you find out that he’s 101 years old! The guys discuss how they help clients find balance, and stay physically, mentally and financially healthy.

That and more on this week's installment of the Retirement Solutions Show.

On this episode of the Retirement Solutions Show, the guys Ralph and David Hicks and the guys at Oakmont discuss what we should be looking for if we're over 50 or 55 and "shopping around" for the best portfolio.

Then, wouldn't it be great if someone could tell you exactly what you’ll be doing, 15 or 20 years from now? Too bad we don’t have a psychic who can predict the future of the market! The guys chat about the best way to “predict” how much money we’ll need in retirement.

After that, with 2018 drawing to a close, Morningstar’s Tim Steffen recommends that you talk with an advisor before making any last-minute investments… Are there any other tax-related issues we need to think about, as we approach the end of the year?

That and more on this week's installment of the Retirement Solutions Show!

On this episode of the Retirement Solutions Show, the guys at Oakmont Advisory Group talk about how to start 2019 off right with regards to your finances. Then, the Motley Fool says a fixed annuity is a “proven” way of boosting your retirement income. But the article mentions both immediate and deferred annuities. What’s the difference and how would someone decide which might be best for their circumstances? After that, they tell you how to decide if you should “roll” an old 401(k) account into something else. All that and more on this week's episode of the Retirement Solutions Show!

This week on the Retirement Solutions Show, the guys at Oakmont Advisory Group discuss the two most common mistakes they see when it comes to retirement planning. Then, the IRS is raising the maximum contribution amount for IRAs and 401(k)s in 2019 - the guys share how you can make the most of your accounts in the new year. After that, when asked about retirement planning regrets, most retirees said they wish they would've planned better for taxes. The guy at Oakmont discuss the tax planning tips you need to be aware of. All that and more on this week's episode of the Retirement Solutions Show.