Advanced Business Strategist and Coach Dr. Dean Russell joins Ed Storer in a conversation on the team effort that goes into the business coaching provided by The Wealth Training Academy.  Ed and Dr. Dean talk about the importance of creating and building business building skills and replacing emotion with perspective.  The conversation also involves removing the “clutter” in your business practices and applying the “KISS” principle.  This is a great conversation of applying emotional intelligence in running your business and how to be an effective leader.

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 points out how retirement planning is different now due to many factors such as dwindling pensions and longevity.  He talks about the importance of building income, protecting your wealth, and factoring in health care costs and inflation.  He then moves into discovering fees you may be paying and avoiding unnecessary costs in retirement including penalties.  Ed then keeps the conversation grounded in reality as he debunks some retirement myths and old ways of thinking in crafting retirement strategies.

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

The Wealth Training Academy

See omnystudio.com/listener for privacy information.

Ed explains what should be considered in formulating your retirement plan including knowing your vision, your day-to-day expenses, reviewing your assets, your risk, and your potential tax liability.  The conversation then moves to options available with your old 401(k) and mistakes to avoid helping to make sure you don’t run out of money in retirement.

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 covers the topic everybody’s talking about and that’s inflation.  He talks about the need to have a growth aspect in your retirement plan, planning for healthcare costs, and even touches on TIPS and I-bonds.  He also covers going through the different phases of retirement to pre-retirement planning, the big day, the honeymoon phase, and creating your new retirement identity. He then moves to tax considerations when selling a large piece of property or a business.

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 covers how retirement accounts and dividend stocks can be a great pairing and then goes over some basics to consider as you approach retirement such as time horizon, income needs, risk tolerance, estate planning, and long-term care protection.  He also runs down ten things to consider before starting your own small business. 

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 goes over what should be considered when nearing retirement such as taking advantage of catch-up contributions, looking at your investment strategies, and making decisions about your Social Security.  The discussion then moves into fortifying your portfolio and your retirement plan during times of market volatility and five mistakes to steer clear of when considering your retirement plan.

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 breaks down the cumulative impact of federal and state taxes in retirement looking at Traditional IRAs and 401(k)s, Social Security, pension, annuities, and dividends.  He also provides an update on Secure Act 2.0 and the proposed provisions as they stand now as this legislation works its way through Congress. 

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 what to consider in helping to make sure you maintain the lifestyle you want in retirement and how to watch for fees and elements that could be eating away at your retirement.  He also stresses the importance of couples being on the same page when it comes to retirement planning.

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

The Wealth Training Academy

See omnystudio.com/listener for privacy information.

There’s so much going on in the economy to cause anxiety and especially for those nearing or in retirement.  Ed offers some tips to help bring that anxiety down.  He also tackles inflation with survival strategies and answers some frequently asked questions 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 previews what could come with Secure Act 2.0 as it works its way through Congress.  Proposals discussed include raising the RMD age, expanding auto-enrollment in retirement plans, higher catch-up limits for certain ages, student loan payments, and employer matching.  He then moves into a discussion of proper forward looking tax strategies for retirement and shifting from saving to spending when entering retirement.

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

The Wealth Training Academy

See omnystudio.com/listener for privacy information.