Your Retirement Solution Podcast

Did you know that the number one mistake pre-retirees make heading into retirement is not having a plan?

In this episode, Jim Black tackles the seven most common mistakes to avoid when it comes to saving for retirement and shares tips that should be considered when planning the next phase of your post-career life. 

In this episode, you will learn:

When to start collecting Social Security benefits and how this impacts your overall income

The disadvantages of taking 401(k) money too soon

The pros and cons of spending in retirement 

Why it’s important to consider healthcare and long-term care costs

And more!

Tune in to learn the strategies you can implement now to avoid the seven common mistakes made in retirement planning!

Resources:The Retirement Solution | Your Retirement Solution Podcast 

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Did you know that collaboration is a vital component in financial organizations?

In this episode of The Retirement Solution Podcast, Ryan Litchfield from The Retirement Solution explains the different aspects of the firm’s team while highlighting the role of collaboration in promoting a successful client service and experience. 

In this episode, you will learn:

How team collaboration promotes a better client experience 

The contribution of associate planners at The Retirement Solution

Client-advisor relationship at The Retirement Solution 

How the team interacts with clients 

And more!

Tune in to learn more about the importance of teamwork within a financial organization. 

Resources:

The Retirement Solution | Your Retirement Solution Podcast 

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Can you confidently say that you have a solid estate plan and that you are certain who will get your assets when you pass?

In this episode, Jim Black shares insights and client examples to illustrate the importance of having the tough conversations and taking the time to prepare your final documents that clearly state who will get what after you’re gone.  

In this episode, you will learn:

When to update your estate planning documents

What happens to your estate if you pass without having created a will

How a final letter to those you love can add value and clarity to your decisions

The most time-consuming aspect of creating your end-of-life documents 

And more!

Tune in for helpful guidance on how to take action in creating your estate plan so that you can feel confident about who will inherit your assets. 

Resources:  The Retirement Solution

The Retirement Solution Inc. is an independent financial services firm that helps people create retirement strategies designed to endure the changing market and increase their odds of success in retirement. Consultation with a financial planner helps to determine which strategies may be appropriate for you. This podcast and the presenter's opinions are not providing legal or accounting advice, and it is advised that you seek legal advice from a licensed attorney in your state, and accounting advice from a qualified accountant. The information presented is for educational purposes only.

How will you spend your time once you’re retired?

In this episode, Tom Black explores the idea of working after retirement. He reveals why many people choose to continue working and how it could impact their retirement plan. Listen in to discover the financial and social advantages of semi-retirement.

In this episode, you will learn:

Why you might be happier working part-time after retirement

How to plan your time accordingly so that you are occupied during retirement

How a semi-retirement plan differs from a regular retirement plan

How your Social Security will be impacted if you start working again after retiring 

Plus much more!

Tune in now to learn more about working part-time after retirement.

Resources:  The Retirement Solution

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When it comes to planning for your retirement, 

how sure are you that you’ve done all you can to achieve your “happily ever after”?  

In this episode of Your Retirement Solution Podcast, Jim Black highlights different protections you should have in place to safeguard your retirement savings over time. 

In this episode, you will learn:

The importance of a strong financial team

How often you should be updating your insurance policies

How to build an emergency fund later in life

Various aspects of managing risk

And more!

Join us to learn the pillars of financial defense and how they can help you achieve your retirement goals.

Resources:  The Retirement Solution

 

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Life is unpredictable and circumstances can change. If you’ve suddenly received an inheritance, how do you go about making changes and updates to your retirement plan?

In this episode of Your Retirement Solution Podcast, Jim Black discusses the psychology of inheritance, how to properly maneuver an unexpected influx of money, and how to open that conversation with your advisor.

In this episode, you will learn

How to re-adjust your retirement plan if you receive an influx of cash

The pros and cons of receiving an inheritance

How to save money in taxes when it comes to inheriting money

The importance of clear communication when it comes to estate planning

And more!

Tune in now to learn how to maneuver a sudden influx in money when you receive an inheritance. 

Resources:  The Retirement Solution

 

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Are you prioritizing your financial needs and wants when it comes to retirement? Are you familiar with Maslow's Hierarchy of Needs? You might be surprised to know that depending on your generation, your strategy and priorities may differ when it comes to saving and planning for retirement.

In this podcast episode, TRS Planner Cindy Mueller discusses retirement strategies for each generation and how they correlate to Maslow's Hierarchy of Needs. Join us now for another exciting edition of 'Your Retirement Solution Podcast’.

In this episode, you’ll learn:

How the Maslow's Hierarchy of Needs theory can help you plan for retirement

How each generation since World War II has had to face slightly different economic challenges than the previous generation

Where to look to find more money for things that we want vs. the things that we need (and how to balance the two)

How the nuanced financial challenges each generation must face will affect how they plan for retirement

And much more!

Resources:  The Retirement Solution, Inc. | Maslow's Hierarchy of Needs Explained

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Do you believe it’s impossible to know how much money you will need to live on in retirement and not run out? 

In this episode of The Retirement Solution Podcast, Jim Black unravels some of the most popular myths about finances in retirement. He also explains why it’s imperative to know how much money you’ll need every month of every year in order to continue your current standard of living throughout your retirement years.

In this episode, you will learn

Whether or not you’ll make less money if you move into a higher tax bracket

Why it may or may not be beneficial to rent instead of own property

When is the best time to invest in the stock market

What to ask yourself before paying with a credit card

How it’s possible to know how much money you’ll need every month in retirement

Plus much more

Tune in now to learn the truth about some of the most prevalent myths regarding retirement planning. 

Resources:  The Retirement Solution, Inc.

 

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The SECURE Act that was passed into law in December 2019 is now in effect. How will it change the way you plan for retirement?

In this episode, Jim Black, President and CEO of The Retirement Solution, explains how the SECURE Act will affect how you prepare for retirement. This is an informative conversation where Jim walks you through the Secure Act’s biggest changes and presents planning opportunities and solutions for today’s retirement-savers.

In this episode, you’ll learn:

About the major changes that have been triggered by the SECURE Act

What can be done with your retirement accounts today that will benefit your heirs

How small business owners and employees will benefit from particular changes

And more!

Tune in now to learn about the SECURE Act’s most significant changes and how they will impact retirement planning. 

Resources:

The Retirement Solution, Inc. 

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Do you have your own financial family to help you plan for a happily-ever-after retirement?

In this episode, Charlene Nelson, a client servicing specialist at The Retirement Solution (TRS), discusses the support she offers clients that goes beyond the call of duty — and is truly part of TRS’ family culture. This is a conversation that illuminates the exceptional care that TRS shows their clients to and through retirement. 

In this episode, you’ll learn:

How Charlene got into the financial industry

What she and the TRS team do to support surviving spouses

What makes Charlene tick and how she likes to spend her off-time

And more!

Tune in now to meet Charlene and consider what it would be like to have a financial family on your side. 

Resources:  The Retirement Solution, Inc.

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