Your Retirement Elevated Podcast with Scott Dougan

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

No matter how you feel about the 2020 election, it’s best to leave emotion behind when dealing with your financial future. Scott Dougan explains how he handles retirement planning in election season. 

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

What we discuss on this show: 

0:51 – Dealing with uncertainty

3:48 – Too much emphasis on one person

5:58 – Clients upset about election outcome

7:29 – What’s great about America

9:20 – Every change gives us opportunity

11:02 – How to define long-term

15:05 – Model good behavior

The election is upon us, and that brings up a lot of financial questions. We want to dedicate today’s show to answering some of those common queries.

Read more and get additional resources here: https://wp.me/paeENs-a5 

What we discuss on this show: 

1:18 – Confirmation bias

5:42 – What does the election really mean for investments?

6:34 – Are there Election Day implications for your investments?

10:09 – Should we be worried about delayed election results?

14:20 – Bogus info online

16:00 – The media

20:24 – Short-term versus long-term

22:58 – What if you’re taking money from investments?

24:58 – Final thoughts

On this episode of Your Retirement Elevated podcast with Scott Dougan, we explain why tax planning is so important, how the election could affect taxes and much more.

Consider this your end-of-year tax planning guide. Find out why tax planning is often a missing piece in people’s financial plans.   

Read more and get additional financial resources here: https://wp.me/paeENs-9U 

What we discuss on this show:

2:15 – Why tax planning is often a missing piece

5:38 – Itemization vs. standard deduction

7:48 – CPAs vs. financial planners

11:00 – Actions to consider before year end

15:29 – Making contributions next year

17:22 – Notable tax changes

20:42 – Other important tax considerations

26:11 – How the election could affect taxes

30:55 – Eliminating the step up in basis

Should I invest in gold? How will the election affect my financial strategy? Will a divorce tank my retirement? Scott answers these questions and more in today’s podcast. 

Read more and get additional financial resources here: https://wp.me/paeENs-9M 

What we discuss on the show: 

1:38 – Will I spend more money in the first few years of retirement?

4:17 – Should I buy gold coins, gold bars, or no gold at all?

6:59 – Should I be investing differently since we have a national election coming?

8:47 – Can I overcome a divorce financially in my late 50s?

11:09 – Is it better to get a big tax refund or keep more money throughout the year?

12:47 – Should we renovate our kitchen or save more for retirement?

This year has been full of economic struggles and unknowns, but you shouldn’t have to face them alone. Find out how a financial advisor can help you navigate the uncertainty.

Read more and get additional financial resources here: https://wp.me/paeENs-9G 

What we discuss on this show: 

2:02 – The role of an advisor

7:55 – Hoping for best, planning for worst

9:40 – The battle between our ears

12:58 – Handling uncertainty

18:00 – Projecting forward

When planning for a successful retirement, you need think about your wealth as well as your health. On today’s podcast, Coach Rut shares advice for having a healthy retirement

Read more and get additional financial resources here: https://wp.me/paeENs-9y 

About our guest: https://www.coachrut.com/ 

Connect with Coach Rut on social media.

Twitter - https://twitter.com/coachrut 

Facebook - https://www.facebook.com/coachrut

What we discuss on this show: 

1:00 – Special guest Coach Rut

3:42 – Health and wealth

6:30 – Emotion free, fact-based decisions

10:40 – Compound consistency

13:48 – Second half of life

16:30 – Advice to get on healthier path

21:30 – Assess where you are

24:20 – Key habits of people who focus on fitness

30:50 – Sleep apnea

34:03 – Staying healthy in retirement

36:09 – Being busy is a choice

39:39 – Coach Rut on social media

Do you know where your tax liabilities fall? You may not realize it, but your tax situation likely falls into one of four buckets, and you may have a little bit in each bucket. On this episode of Your Retirement Elevated Podcast, Scott Dougan explains what the four buckets are and why it’s important to know this information.  

Read more and get additional financial resources here: https://wp.me/paeENs-9p 

Read the whitepaper: https://listentoscott.com/wp-content/uploads/2020/09/Four-Buckets-PDF-For-Website.pdf

What we discuss on this episode: 

1:30 – Tax liabilities

3:29 – Taxable bucket

7:10 – Tax-deferred assets bucket

10:08 – Tax-free bucket

In light of COVID-19 and how it’s affecting the economy, there’s an added incentive to move money into a Roth. Scott Dougan explains the process and the benefits. 

Read more and get additional financial resources here: https://wp.me/paeENs-9k 

What we discuss on this episode: 

1:19 – How COVID affects retirement

3:01 – Big takeaway for future-proofing retirement

4:57 – No doom and gloom

6:57 – Getting out of debt

9:31 – Take stock of where you are

12:43 – How this could affect other investments

16:38 – Final thoughts