Wealth Training Academy with Ed Storer

Ed outlines five risks of retirement including longevity, healthcare costs, poor asset allocation, and inflation.  What if you find yourself with excess money in retirement?  He covers some strategic ways you can gift money and assets now.  Ed closes with the options you have with your 401(k) once you retire.

You can reach Ed Storer and the team by calling 800-563-7030.

The Wealth Training Academy

See omnystudio.com/listener for privacy information.

Ed tackles some of the questions frequently asked by those before they enter retirement.  Questions answered include concerns over inflation, wondering about retirement income necessary, and how to prepare for out-of-pocket health care costs.  Ed then moves into alternatives to traditional long term care insurance that can be used as protective elements and then warns of some retirement saving bad habits to avoid.

You can reach Ed Storer and the team by calling 800-563-7030.

The Wealth Training Academy

See omnystudio.com/listener for privacy information.

Ed opens dissecting the Inflation Reduction Act, discussing what’s in it and how it could affect retirees.  He then moves into strategies to build up your savings when you’re in the financial red zone and uses the game of chess analogies and metaphors of pawn, knight, queen, and king to retirement strategic components.

You can reach Ed Storer and the team by calling 800-563-7030.

The Wealth Training Academy

See omnystudio.com/listener for privacy information.

Ed addresses the concerns on the minds of everyone and especially those entering retirement.  Those concerns are, of course, inflation, recession, and the overall economic climate.  He also talks about the best protection strategies.  He examines a BlackRock survey which asked retirees and savers to describe their “go to” savings and growth vehicles and closed with dispelling myths about annuities.

You can reach Ed Storer and the team by calling 800-563-7030.

The Wealth Training Academy

See omnystudio.com/listener for privacy information.

Ed looks at the state of our economy and offers information on best protective strategies for retirees and soon to be retirees.  He then turns to spousal retirement strategies when there is a significant age gap.  Ed closes with tips on stretching retirement dollars including the proper Social Security decisions for you, diversification of your portfolio, creating a budget, and building retirement pay checks.

You can reach Ed and the team at The Wealth Training Academy by calling 800-563-7030.

The Wealth Training Academy

See omnystudio.com/listener for privacy information.

Ed talks about properly managing the concerns felt by retirees in the middle of possible recession, the highest inflation in forty years, and rising interest rates.  He discusses the inverse relationship between the stock and bond market and explains how proper planning can set retirees up with built in income streams that can help ease the anxiety.  He discusses how he determines his client’s “numbers” to better custom plan for them.  He includes the financial independence number, the Social Security starting age, the number of guaranteed lifetime income someone will need, estimated health care out of pocket costs and possible long term care costs, and estimated monthly retirement spending.  Ed closes with five things to absolutely consider in retirement planning including checking your asset allocation, building those liquid reserves, and monitoring your spending rate.

You can reach Ed Storer by calling 800-563-7030.

The Wealth Training Academy

See omnystudio.com/listener for privacy information.

Ed covers steps to take in the financial red zone, the five to ten years before you retire, that can help make sure your money takes you all the way through retirement.  He covers creating tax-diversified sources of income, looking at opening a Health Savings Account for those eligible, eliminating debt, and creating that financial plan with a retirement specialist.  What is the compounding effect of inflation and the loss of purchasing power and how is that affecting retirees and soon to be retirees?  Ed provides answers along with discussing strategies to factor in high inflation.  He closes by looking at certain behaviors that could potentially sabotage your retirement plan such as not looking ahead, being overly optimistic with your budget, and procrastination.

You can reach Ed Storer and the team by calling 800-563-7030.

The Wealth Training Academy

See omnystudio.com/listener for privacy information.

Ed discusses portfolio models and why we need them.  He talks about Time Value of Money and asset allocation and diversification into multiple asset classes.  Ed then analyzes the common traits and habits of wealthy people.  He then looks at mid-year tax strategies to consider including a review of your tax liability for the current year, considering a tax status change, amortization of Research and Experimental expenditures, budgeting for larger chartiable donations, and considering means and entertainment. 

You can reach Ed Storer and the team by calling 800-593-8188.

The Wealth Training Academy

See omnystudio.com/listener for privacy information.

Ed points out the risks of retirement planning and focuses on risks of today including market volatility and inflation.  He goes into the strategies that should be considered by pre-retirees and retirees given the standard risks and the risks of our current economic climate.  He moves into good retirement preparation strategies especially for those with just a few more years to work.  Ed then discusses how tax strategies factor into your retirement planning.  He covers options from withdrawing from retirement accounts when retiring early, paying quarterly, understanding the penalties, reverse rollovers, strategizing for Roth IRA, and tax loss harvesting.

You can reach Ed Storer and the team by calling 800-800-563-7030.

The Wealth Training Academy

See omnystudio.com/listener for privacy information.

You want a retirement with as few regrets as possible.  What are some things you can do in the financial red zone to avoid having those regrets?  Ed covers that in this podcast.   He also goes over critical factors in achieving your retirement goals and how to realize your vision and direction.

You can reach Ed Storer and the team by calling 800-563-7030.

The Wealth Training Academy

See omnystudio.com/listener for privacy information.