Navigating Retirement: Recent Episodes
Rick Durkee
Since 2003, The Coastal Financial Planning Group has been helping seniors and soon-to-be retirees secure their financial future through sound financial planning and tactical wealth management strategies.
As Wealth Allocation & Distribution specialists we help our clients create a financial decision making process that is designed to help them make stronger financial decisions
The end of the year is quickly approaching. On this episode Rick discusses important tax planning moves with looming deadlines by the end of the year. No more time to procrastinate! If these moves apply to you, take action now.
"America's Leading IRA Expert" (as named by the Wall St. Journal, CPA Ed Slott joins Rick Durkee on Navigating Retirement to discuss the importance of and specific strategies for proactive tax planning. Keep more of your retirement savings!
What do you envision your average day in retirement to consist of? This is one of the many questions you need to answer before retirement. Tune into Rick Durkee's new show this week to answer this question.
RMDs - if you have any dollars in tax-deferred retirement accounts and were born in 1949 or before, you need to be aware and likely take action to satisfy your RMD requirements soon.
For our Halloween weekend edition of the program, we are discussing some potentially scary financial topics and current events. As always, if you have questions or want to address any of the issues discussed, or your own planning concerns, contact Rick Durkee and the team at (843)735-5065
On this episode of Navigating Retirement Rick Durkee covers sound strategies for long-term financial and retirement success. Following the strategies in this episode and available in the additional resources offered can help build for a more confident retirement.
How can we position assets to help us protect your lifestyle and financial security? What are the sources that help provide this protection throughout the different phases of our life? ease always remember Rick Durkee offers a free 1-hour complimentary review where he will answer this question and many more. Don’t delay the schedule today. Lots of great information on the show, so follow the link to check out this riveting episode.
The market moves up. The market goes down. What happens if we see a big market correction in the next few years? Savers and investors are reasonably concerned with volatility in the market. Listen as Rick Durkee covers this in his new episode.
The fear of outliving assets is real. There is a large portion of the population that lives with the real risk that the assets they have accumulated will not be enough to last all their years. Tune in as Rick Durkee helps you plan and prepare for retirement.
Listen as Rick Durkee explains the difference a CFP or a Fiduciary can make. He goes into detail about you can easily get your finances set with the help of a qualified professional who has the best interests in mind when forming your plan. To learn more tune into this week's show.
There are different ways to structure and coordinate life insurance in order to accomplish specific legacy goals, all the way from simple term insurance, to Whole Life, Universal Life, even to BOLI/SOLI, viatical settlements, or even family trusts and private foundations. Tune in as Rick Durkee pays tribute to 9-11 while helping you create a financial legacy.
What factors lead to a healthy sense of retirement confidence? Listen and learn as Rick Durkee talks about how to build more retirement confidence. To learn more visit his Linkedin, Twitter, and Facebook where you can "Like" and Subscribe as well as download this free planning resource.
Linkedin - https://www.linkedin.com/in/rickdurkee/
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Twitter - https://twitter.com/cfpgcharleston
YouTube - https://www.youtube.com/channel/UCnhlXzDnlqYJXJyLEu1uMeQ
There are several ways you can offset retirement expenses and even increase your income throughout retirement. It starts with having sound information and making good decisions on how to generate income. Tune in as Rick Durkee helps to put your money to work for you.
Listen and learn as Rick Durkee easily breakdown simple issues that the average person would go through in retirement and how they should get through the situation with this free information this could save you time and money to make sure your not breaking the retirement fund you need to live out your life.
Tune into the 3 biggest expenses from Navigating Retirement hosted by Rick Durkee listen and learn as he specifically breaks down each of your biggest expenses that you will face in retirement.
On this episode Rick Durkee explains the 7 common financial myths that could hurt you in retirement. Tune into see if your retirement could be at risk from relying on any of these common myths.
Healthcare related expenses are the largest potential expense you may encounter in retirement. Even the cost of routine care can be significant when you add it all up. You should have a plan for how to address these possible expenses to preserve and protect yourself and your family's quality of life if they are encountered. On this episode Rick discusses the 4 approaches to handling costs and protecting yourself, your loved ones, and your financial wellbeing.
This week your host Rick Durkee discusses the "10 Steps to Retire" and make your retirement process a little easier. The 10 steps will help make sure you are all set with a plan of action to make sure you are ready to start your retirement with confidence.
To Check Out More Go To His Following Social Medias
Twitter - https://twitter.com/cfpgcharleston
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Or you can call Rick Durkee at
(843) 735 - 5065
Or visit the website
www.CFPGROUP.Biz
Investment advisory services are offered through Fusion Capital Management, an SEC registered investment advisor. The firm only transacts business in states where it is properly registered, or is excluded or exempted from registration requirements. SEC registration is not an endorsement of the firm by the commission and does not mean that the advisor has attained a specific level of skill or ability. All investment strategies have the potential for profit or loss.
What is your plan for financial independence? Do you intend to work a life’s career only to end up moving in with your adult children? This might sound extreme but, this is reality! Realize these are real issues that many retirees and pre-retirees not only fear, they face today. Tune in as Rick Durkee addresses these core issues and many more we may face during retirement.
On this edition of Navigating Retirement, Rick Durkee continues his overview and explanation of annuities, detailing the different types, their benefits and drawbacks, and commonly asked questions. Visit www.CFPGroup.com for the complete series or for more resources for your financial and retirement planning.
On this edition of Navigating Retirement, Rick Durkee continues his overview and explanation of annuities, detailing the different types, their benefits and drawbacks, and commonly asked questions. Visit www.CFPGroup.com for the complete series or for more resources for your financial and retirement planning.
In this edition of Navigating Retirement Rick Durkee his overview and education of annuities. He discusses the different kinds and the pros and cons.
In this edition of Navigating Retirement Rick Durkee his overview and education of annuities. He discusses the different kinds and the pros and cons.
In this edition of Navigating Retirement Rick Durkee gives an introduction and overview to annuities. Annuities are just one potential tool to be considered when planning for retirement.
Rick Durkee and special guests continue their discussions of the changes to America's healthcare laws and healthcare coverage under the new rules of the American Rescue Plan Act.
Rick Durkee and special guests continue their discussions of the changes to America's healthcare laws and healthcare coverage under the new rules of the American Rescue Plan Act.
Rick Durkee and special guests continue their discussions of the changes to America's healthcare laws and healthcare coverage under the new rules of the American Rescue Plan Act.
The American Rescue Plan Act (ARPA) changed the way many Americans may choose to acquire their healthcare coverage, but this is not being discussed in the main stream news. Rick Durkee brings on special guests to discuss and disclose the details of these new laws.
ROTH CONVERSION OPPORTUNITIES – If tax laws reverse over time and start climbing higher, it will likely affect those with larger retirement accounts and income disproportionately. Tune in to learn more on Navigating Retirement as Rick Durkee discusses tax-deferral & it’s consequences, tax-free income, & Roth IRA’s.
LAST MINUTE TAX MOVES – Understanding how tax brackets work and where you fall into them is essential in making good tax decisions. On this week’s episode of Navigating Retirement, Rick Durkee talks strategy and some last-minute tax moves to consider that can substantially lower your bill.
DEBT, CREDIT, BUDGET & INCOME – Debt, credit, budgeting, spending, and income are all major factors in building our personal financial structure and have impacts and implications on our financial situation that often times are outside of our personal control. Listen as Rick Durkee discusses this and more on this week’s episode.
TAXES (PLANNING VS FILING) – Your Social Security CAN BE taxable. Withdrawals from tax deferred accounts directly impact the likelihood that your Social Security will be taxes. Listen as Rick Durkee discusses this and more on this week’s episode.
ARE YOU PREPARED? – Do you know how you would cover the costs of medical and long-term care expenses should you or your spouse require care? On this week’s episode of Navigating Retirement, Rick Durkee addresses different questions that you should ask yourself when planning for retirement.
LUCK VS PLANNING – Statistics from the DHHS show that nearly 70% of Americans will require some extended medical assistance during their lifetimes. So, is NOT addressing this possibility leaving your (and your family’s) financial stability up to luck and chance? Listen as Rick Durkee discusses luck VS planning on this week’s episode.
THE COUNTDOWN ISSUES – Adding up the cost, retirement can be very expensive. This is one of the top reasons there is so much worry, and why running out of money is the biggest concern for retirees. In this week’s episode, Rick Durkee will discuss different topics that should be addressed when counting down to retirement.
THE COUNTDOWN ISSUES – While the sage wisdom that “You don’t want all your eggs in one basket” is certainly true, it also does not mean that you need a bunch of duplicate accounts spread out and scattered everywhere. This is just one topic that Rick Durkee covers on Navigating Retirement and 8 Moments To Move Your Money.
WHAT PLANNING IS ABOUT – The act of planning itself IS progress. Without doubt, there will be obstacles that stand in our way. With a plan, we can address and overcome them. Listen as Rick Durkee discusses the important of planning and why the beginning of the year is a great time to start or review your old plan on Navigating Retirement.
GETTING SAVINGS BACK ON TRACK – Don’t leave your money behind!! This is another big opportunity to take control, and there are lots of orphan and abandoned 401(k)’s. Listen as Rick Durkee discusses this topic and more on this week’s episode of Navigating Retirement.
Taxes in retirement can be an unpleasant surprise. If not carefully planned for, they can cost a lot more than many expect. Rick Durkee and his team at Coastal Financial Planning Group help clients Navigate Retirement, including identifying opportunities to control and minimize taxes.
YOUR PLAN – While most savers and investors understand they are taking “some” risk, it may be difficult to exactly quantify how much. A portfolio analysis can help you quantify and better understand the risks you are taking or are exposed to. Listen as Rick Durkee discusses why having an analysis done is an important part of the complete planning process to Navigate Retirement.
CALCULATING YOUR RETIREMENT NUMBER – Income Allocation and having a retirement spending plan is about specifically designing to optimize and increase our cash flow rate, therefore lowering the amount we need to reach our retirement number and filling our Retirement Income Gap. Listen as Rick Durkee discusses why planning and Income Allocation are so important on this week’s episode of Navigating Retirement.
PROTECTING YOUR SPOUSE – We don’t want to think about it, but in the back of our minds we probably understand the reality that we will probably not pass at the same time as our spouse. When the inevitable occurs, it is nice to have knowledge, or even specific instructions on what to do. Listen as Rick Durkee addresses this topic on this week’s episode of Navigating Retirement.
(NOT) GOING BROKE IN RETIREMENT – No one WANTS to run out of money in retirement, but people still do. A lot of this problem can be boiled down to lack of solid planning to prevent it, or not knowing the issues that could attribute to it. Listen as Rick Durkee discusses this topic on this week’s episode.
UNDERSTANDING YOUR INVESTMENT OPTIONS – There are many different options when it comes to investment, and each has potential benefits and disadvantages that should be considered carefully when deciding how to deploy your hard-earned dollars and the probability of the results you might expect. Listen as Rick Durkee discusses this topic and more on this week’s episode.
IT’S (FINALLY) 2021! – What could continued volatility in 2021 look like? What does this mean to the average saver, investor, or retiree? Listen as Rick Durkee addresses these questions and more on this week’s episode.
FINANCIAL RESOLUTIONS – One of the biggest holes in planning that become even more apparent this year during the pandemic was how underinsured most families are. This is a perfect time to review, update, or get life insurance. This is just one resolution that Rick Durkee discusses in this week’s episode.
ROTH PART 3 – On this week’s episode Rick Durkee will be addressing the reasons for, benefits of, and strategies to accomplish building tax-free money in your Roth IRA.
ROTH PART 4 – On this week’s episode Rick Durkee will be addressing the reasons for, benefits of, and strategies to accomplish building tax-free money in your Roth IRA.
TAKING RISK PART 2 – Whether we want to make the connection or not, when we take risks with our money, we are actually risking our lifestyle. How can we position assets to help us protect our lifestyle and financial security? In this week’s episode, Rick Durkee will be addressing risk and how to identify it.
TAKING RISK – Whether we want to make the connection or not, when we take risks with our money, we are actually risking our lifestyle. How can we position assets to help us protect our lifestyle and financial security? In this week’s episode, Rick Durkee will be addressing risk and how to identify it.
TAXES & THE RED ZONE – Specific and proactive tax planning and management should be discussed in the “Red Zone” (the time immediately before and after our retirement date) to identify opportunities to better control our tax liability. Listen as Rick Durkee discusses Taxes & The Red Zone on this week’s episode.
10 STEPS TO PLANNING – Understanding the investment options capable of generating income and considering how they are equipped to fit your needs is an important part of income planning. In this week’s episode Rick Durkee discusses 10 steps to take to help reach your retirement goals and why understanding your investment options are such an important step.
THE FED & INFLATION – How does inflation play into your financial plan? How will the Federal Reserve’s new strategy, when it comes to inflation, affect you? Listen as Rick Durkee discusses the major risk that comes with this new strategy on this week’s episode.
RETIREMENT INCOME PLANNING - Determining how much income we need, and we can generate, from our portfolio is an essential step in the retirement planning process. But, without careful planning both of these issues can be a bit of a patchwork guessing game. Listen as Rick Durkee discusses this topic and more on this week’s episode.
MEASURING RESULTS - Could emotions be affecting the type of equity investments investors choose? Have they invested in a stock or asset class simply because it’s the “hottest pick” in today’s market or a friend recommended it? Listen as Rick Durkee of the Coastal Financial Planning Group discusses this topic and more on this week’s episode.
MONEY IN MOTION - YOUR TIME HORIZON HAS CHANGED: Over time, our allocation should naturally change with our individual timeline and anticipated retirement date. If life events force us to alter our timeline more dramatically, our investment allocation should reflect this as well. This is just one of the 8 moments to move your money that Rick discusses on this week’s episode.
Each day we live and work, we are one day closer to retirement. The countdown is on. Rick Durkee continues his review of the important steps on the Countdown To Retirement.
The Countdown To Retirement continues! Rick Durkee covers several of the largest factors that play into a successful retirement and offers some reports that help savers and investors understand and address these issues in their planning.
Rick begins the mini-series of the Countdown to Retirement by covering some of the must answer questions and planning mistakes to avoid.
Rick Durkee continues his conversation on "Defined Outcome Investing" and how to better determine your financial results.
Investing involves risk and leaves things to chance, but what if it didn't have to? What if you could define your outcome? Rick Durkee of the Coastal Financial Planning Group explains how this is available as a tool for retirement minded savers and investors.
Part 4 of 4 In this continuing series on Defined Outcome Investing, Rick Durkee discusses how in the past, this was not available to the typical individual investor but is now available through the Coastal Financial Planning Group. While their process is easy to understand, Rick strongly suggests you listen to this podcast as there are some important details when it comes to Structured Notes and Defined Outcome Investing.
Part 3 of 4 In this continuing series on Defined Outcome Investing, Rick Durkee discusses how in the past, this was not available to the typical individual investor but is now available through the Coastal Financial Planning Group. While their process is easy to understand, Rick strongly suggests you listen to this podcast as there are some important details when it comes to Structured Notes and Defined Outcome Investing.
Part 2 of 4 How can you define an "Outcome" regarding your retirement investing? Find out how Rick Durkee and his team at the Coastal Financial Planning Group help their clients establish customized goals for receiving income on their assets earmarked for retirement that are always based on the individual objectives of each client's needs.
Part 1 of 4 How can you define an "Outcome" regarding your retirement investing? Find out how Rick Durkee and his team at the Coastal Financial Planning Group help their clients establish customized goals for receiving income on their assets earmarked for retirement that are always based on the individual objectives of each client's needs.
There is a lot of information coming at you these days—everything from the right way to wash your hands to how far to socially distance yourself from another breathing human. And in the middle of all the information overload is your money.
Income Planning is the process of structuring a specific, systematic plan to address retirement greatest risk: running out of money. Even if running out is not your top concern, you still probably strive to be as efficient as possible with your money, and Income Planning can help.
Help is on the way with the passing of the CARES Act and more than $2 Trillion dollars in stimulus money, but how can you make sure your financial life is in order. Turn to Rick Durkee and the Coastal Financial Planning Group for sound financial strategies.
How do we maintain sanity looking at the effects of the COVID-19 pandemic, especially its effects on the economy and our retirement savings & investments? Rick Durkee says the answer is having a plan in place that is opportunistic in times of growth and defensive in volatile markets. Tune in as he discusses how he, and the team from the Coastal Financial Planning Group in Charleston, structure these kinds of plans for their clients.
With the Coronavirus/COVID-19 now a full scale "Pandemic", how will the market and your retirement accounts be impacted? Are there financial strategies to protect more of what you have built and worked so hard for? Rick Durkee discusses ways to be defensive in down markets, but opportunistic in times of growth.
With the passing of the SECURE Act, the laws pertaining to your tax-deferred retirement accounts changed. Are these changes beneficial? Are there opportunities? What do you need to know that might require you to revise your planning to make sure your dollars accomplish the goals you have for them if you want to spend, keep, and leave more of your money for your loved ones? Rick Durkee helps to highlight some of the important elements of the SECURE Act and what they mean for your planning.
Structuring a financial plan to be opportunistic in times of growth and defensive during volatility is important to maintain your balance and your progress. Rick Durkee of the Coastal Financial Planning Group helps us to Navigate Retirement and navigate volatile markets.
How should you be financially positioned with the possibility of the Coronavirus/COVID-19 impacting our economy? Rick Durkee helps to provide insight and answers for your financial and retirement planning.
Rick Durkee goes over important questions that you should have answers to about your retirement. How an income allocation plan can help you live a stressfree retirement.
On this episode, we go over the biggest risk in retirement...Longevity Risk. Outliving your money in retirement is the biggest fear for most retirees. The good news is that there are options available that can prevent you from running out of money! Listen Live Every Saturday Morning, 8:30 - 9:00, on News Radio 94.3 WSC, Charleston, SC or, On-Demand Right Here!
This episode is dedicated to those who are nearing retirement and need guidance on where to start planning for the next 10-20-30 years of retirement. On this program, Rick Durkee from Coastal Financial Planning Group will go over the popular strategy created by David Gaylor...Income Allocation. As always if you have any questions or would like to get more information on the topics we talk on this episode, contact us at 843.735.5065
On this episode we continue our invitation to the Magic of Retirement Event! if you would like more information please visit our site: https://www.cfpgroup.biz/
This power-packed summit is back by popular demand and will bring you specialists that will share with you ways you can experience “magical” retirement years and what you need to know to keep your precious assets from disappearing! Featuring a magic show by world-renowned Magician and Illusionist, Bryan Saint.
There are many aspects of Social Security that, if you don't understand your options, could cost you hundreds of thousands of dollars over retirement. This is money that you will either receive from Social Security or, have to pull from your personal retirement investments. Making an informed decision on when and how to claim Social Security can literally determine success or failure in retirement. Tune in as Rick Durkee navigates Social Security complexities to help you achieve an ideal retirement.
Special guests Ed Slott & David Gaylor help to provide insight on how to keep more of our money, minimize taxes, and protect our income throughout retirement.