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The Retirement Risk Zone is the period of time that begins roughly 10 years before retirement and ends 10 years into retirement. During that time, you will make many of the most consequential financial decisions of your life, including your exact retirement date and age, when to claim social security, how to claim Medicare, how to reposition your retirement assets, as well as how to create an income from retirement savings. So much focus is put on the accumulation (Savings phase) of retireme ...
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How to evaluate a retirement investment portfolio
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Today I am going to share 3 critical ways to manage risk in your retirement portfolio. Whether you are fully invested or have cash that has been sitting on the sidelines, I believe that you have more influence over your investment outcomes than you are being led to believe. Now, The process and tools I go over today are influenced by my personal be…
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Is The 1% Rule Actually Worthwhile in Retirement?
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When is a one - off financial planning fee appropriate? When is a percentage of assets under management fee appropriate? Everyone has opinions about these matters And today I’m going to share mine with you all. If you found this episode helpful, subscribe so you don't miss any future episodes. Also, I'd greatly appreciate it if you gave a rating an…
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50% Outrun Savings in Retirement? Here's Why They're Wrong...
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I came across a retirement finance article recently that really sent me loopy. The title was: Almost 50% of US households will outrun their savings in retirement — but this 1 money move could sustain your nest egg The article quotes a study from the Morningstar Center for Retirement & Policy Studies. Once I got past how misleading and malicious the…
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The #1 Sign You Can Retire Earlier Than You Think
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People who are in a good place to retire often do things that others do not - knowingly or unknowingly. See, retirement is all about having plans in place. Proactive plans that tell you what you SHOULD do. But also REACTIVE plans that tell you what to do in case of an emergency. These REACTIVE plans are what you rely on when one of your proactive p…
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Stop Paying RMD Taxes: How To Avoid Costly RMD Mistakes
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No one wants to pay taxes - not before retirement, and certainly not IN retirement. Today we are going to talk about Required Minimum Distributions and how to minimize the tax consequences of those RMDs. The truth about taxes in retirement is very different from what we are led to believe online… It’s very easy to feel like there is a “tax bomb” so…
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How Much Should I Pay My Advisor? 1% vs Fee Only
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In today’s video I’m going to do my best to address what might be the most frequently asked question when hiring a financial advisor - how much should I pay? I am a Certified Financial Planner and Owner of an Independent Financial Planning Firm, and every year, we help retirees build robust retirement plans that match their life goals. Despite the …
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The Retirement Plans That Work For ALL Retirees
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The 3 types of retirement plans (The Retirement Plans That Work For ALL Retirees) Today I am going to explain how to prioritize your retirement planning efforts if you are within 10 years of retirement. After building hundreds of financial plans, I’ve learned that there is an optimal “financial” order of operations that when used helps retiree’s sa…
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Retirement Planning Tools Will Ruin Your Retirement
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Resources referenced in the video: Income Labs Everydollar RPI Spreadsheet Calculator Better Portfolio Risk Measures If you found this episode helpful, subscribe so you don't miss any future episodes. Also, I'd greatly appreciate it if you gave a rating and review. It helps other people just like you find the podcast and benefit from discussions on…
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How to Plan for Sequence of Returns Risk
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In this episode I cover sequence of returns risk as thoroughly as one can cover it. The episode show notes include: What is sequence of returns risk? Sequence of returns risk is the risk of negative market returns near or during the time when you will take withdrawals from retirement assets. It’s particularly pernicious for people within 5-10 years…
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How to Know When You Can Spend More In Retirement
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This episode will detail how we help clients understand when they can SPEND MORE in retirement. Retirement is all about matching how much you would like to spend, with how many years you expect to live, with how large a portfolio you will need to support that spending. The permission to spend problem arises bc of the amount of uncertainty around th…
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This podcast will cover all things social security. How social security works Explain 35 years of earning Full retirement age (what age it is) Early claiming (decreased benefit) Delayed claiming (increased benefit) How social security is taxed Explain the “Claiming decision” - factors to evaluate Other sources guaranteed income Portfolio size Early…
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In this episode we review a simple retirement formula that you can use to find the minimum amount of portfolio assets you would require on the day you retire. We call this formula the "Required Portfolio Income" formula. Required Portfolio Income is a fancy way of putting a dollar number to your expected distribution rate. Thinking only about distr…
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Retirement Plannings Missing Phase (The Retirement Risk Zone)
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Avoiding retirement planning until JUST before you retire is extremely dangerous. To use an analogy we are all familiar with - it would be like waiting to lose weight until you have a heart attack scare. Planning for retirement is like turning the Titanic - not like turning a speed boat. You need time and runway to maneuver so that you don't make r…
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4 Things The Most Successful Retirees Do...
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4 Things the Most Successful Retirees Do... In this video we are discussing four key things that decrease the anxiety in retirement. Have a system for: 1) Retirement Certainty 2) Retirement Reliability 3) Retirement Predictability 4) Retirement Frequency Listen to the episode to learn more. If you found this episode helpful, subscribe so you don't …
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