On this episode of Your Retirement Elevated podcast with Scott Dougan, we’re talking about some recent developments to the SECURE Act and what it might mean for you. Find out what we think about the news and how it could impact planning.

Read more and get additional financial resources here: https://wp.me/paeENs-bs 

What we discuss on this episode: 

2:42 – What is the SECURE Act?

6:34 – Withdrawing funds from retirement accounts

11:20 – Not the first big change

13:36 – Repercussions

There are some things you should never assume in the financial world, especially as you’re preparing for retirement. Find out if you’re getting any of these things wrong.

Read more and get additional financial resources here: https://wp.me/paeENs-bh 

What we discuss on this episode: 

7:41 – Spending less in retirement

9:26 – Lower taxes in retirement

11:12 – Helping children with college

13:34 – I’ll never retire

Today we’re talking about classic mistakes people make that can have long-term impacts on their retirement plan. Find out how to avoid the three P’s – panic, politics and performance chasing.

Read more and get additional financial resources here: https://wp.me/paeENs-bb 

What we discuss on this episode: 

1:39 – Emotional decisions

4:05 – Market drops

8:32 – Panic

12:35 – Politics

19:33 – Performance chasing

We often hear about frequently asked questions, but what are some questions that are not usually addressed in financial plans? We’ll explain what they are and why you need to know the answers.

Read more and get additional financial resources here: https://wp.me/paeENs-b0 

What we discuss on this episode: 

1:22 – Money falling through the cracks

2:56 – Tax returns

3:44 – Estate plans

6:00 – Lack of communication

10:36 – Making factual, logical decisions

14:00 – Questions you need to ask

14:36 – Tax-loss harvesting strategies

20:24 – Financial advisors can be your quarterback

23:50 – Virtual educational events

In part three of our estate planning series, we’re talking with attorneys Chris Gaughan and Casey Connealy about stealth taxes. They are sneaky taxes that we often don’t think about or know about but can really add up.

Read more and get additional resources here: https://wp.me/paeENs-aT 

Part 1 on Powers of Attorney: https://wp.me/paeENs-aB 

Part 2 on Wills and Trusts: https://wp.me/paeENs-aH 

What we discuss on this episode: 

2:19 – What are stealth taxes?

4:00 – Death taxes

7:57 – Individual retirement accounts

11:34 – Probate

14:09 – Delays and administrative fees

In part two of our estate planning series, we’re talking with attorneys Chris Gaughan and Casey Connealy about the difference between wills and trusts. Which one should you have, and what are the pros and cons?

Read more and get additional planning resources: https://wp.me/paeENs-aH 

Check out part 1: https://wp.me/paeENs-aB 

What we discuss on this show: 

2:40 – What if you don’t have a will or trust?

5:34 – What is a will?

7:43 – What is a trust?

9:40 – Other reasons to use a trust

12:15 – Divorce protection

13:16 – Protecting children

14:12 – Money management concerns

14:59 – Children with special needs

15:56 – Should I have a will or trust?

19:33 – What do I do next?

21:16 – Contact Chris and Casey

In part one of our estate planning series, we’re talking with attorneys Chris Gaughan and Casey Connealy about powers of attorney. Do you need a power of attorney, how are they used and what are some common misconceptions?

Read more and get additional planning resources here: https://wp.me/paeENs-aB 

What we discuss on this episode: 

1:33 – What is estate planning?

2:35 – Two types of powers of attorney

4:09 – If you don’t have power of attorney

6:13 – What if you do have power of attorney?

10:19 – Misconceptions about power of attorney

13:36 – Validity of power attorney

15:12 – Make sure you have copies

16:44 – Who should have a power of attorney?

What is the health of your wealth? In other words, how healthy is your retirement plan? Today, we’re sharing what questions you should consider as you save for retirement.  

Read more and get additional financial resources here: https://wp.me/paeENs-av 

What we discuss on this episode: 

2:52 – A new administration

5:20 – You may need to work longer

6:52 – Spend less, save more

8:09 – Are you going to work longer or adjust your lifestyle?

8:55 – Invest with a long-term approach

11:35 – Hybrid retirement

14:53 – Insurance, healthcare and taxes

The holidays are a natural time to show gratitude, but intentional gratitude all year long is just as important. On today’s episode, we’re talking all about gratefulness.

Read more and get additional financial resources here: https://wp.me/paeENs-ar 

What we discuss on this show: 

1:35 – Gratefulness

4:50 – Intentional gratitude

8:20 – Expressing gratitude

13:27 – Acts of kindness

19:06 – Reflecting

We all deal with unknowns in our lives, but beware of the unknown unknowns. Those will get you, according to former Secretary of Defense Donald Rumsfeld.

Read more and get additional financial resources here:

https://bit.ly/34sgcSF

What we discuss on this show: 

2:16 – Known unknowns

4:37 – Unknown unknowns

9:09 – The election and pandemic

12:49 – Stay the course

15:55 – Being emotional about your savings