The Retirement Huddle: Recent Episodes
Mark Howard
Financial and retirement planning guidance with Mark Howard of the Howard Financial Group in Savannah.
Mark has almost three decades of experience in the financial industry, has been published in the Wall Street Journal, Barron's, South Magazine and several other publications. He has also been featured on the Savannah Morning News.
In addition to clients in Savannah, Mark also serves Hilton Head, Bluffton, Statesboro, and the rest of the Low Country.
To get your own Financial Game Plan, contact Mark today at 888-511-PLAN (7526) or go to HowardFinancialGroup.com
For some people, continuing to work is a choice. For others, it is a necessity, or simply the result of not knowing whether retirement is truly possible. Mark explores the financial, social, and emotional reasons why more Americans are remaining in the workforce well into their 60s and 70s. Tune in to hear how a strategy can help you determine whether you need to keep working, want to keep working, or are finally ready to step away.
Here's some of what we discuss in this episode:
💼 Working Longer: Purpose and connection keep retirees engaged
💰 Financial Necessity: Clear numbers reveal whether work continues
🔄 Life Adjustment: New routines ease the retirement transition
📋 Advisor Guidance: A complete plan builds greater confidence
📞 Next Steps: Review whether retirement is truly possible
Want to get in touch with Mark?
https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526
Retirement is often treated like the finish line, but it's really the start of a brand-new phase of life. In this episode, Mark walks through a few common assumptions that can make retirement more difficult than expected and reminds us that retirement takes more than simply reaching a number in your portfolio. A thoughtful plan can help you think through what life may look like after work and how your financial decisions may need to change along the way.
Here's some of what we discuss in this episode:
🏁 Finish Line: Retirement is just a beginning
🧠 Mindset Shift: Problems may still exist
💵 Spending Habits: Expenses can look different after retirement
🚶 Stay Active: Health shapes retirement, invest in it
📉 Risk Changes: Investing may need adjustment
Want to get in touch with Mark?
https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526
Can classic movie quotes teach valuable retirement lessons? Mark uses memorable lines from iconic films like The Terminator and A Few Good Men to illustrate timeless financial planning principles. From preparing for market volatility and building a retirement income strategy to avoiding cookie-cutter investment plans, you'll discover that some of Hollywood's most memorable lines have surprising applications to retirement planning.
Here's some of what we discuss in this episode:
🌪️ Market Cycles: Preparing for bull and bear markets
👥 Personal Planning: Your retirement isn't your neighbor's
⏳ Future Planning: Preparing for whatever tomorrow brings
⚖️ Honest Advice: Why the truth matters in retirement
💬 Clear Communication: Understanding your financial strategy
🤝 Building Trust: Confidence through personalized planning
Want to get in touch with Mark?
https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526
In this episode, Mark explains why travel shouldn't be an afterthought in retirement; it should be part of the plan from the very beginning. From annual vacations to RV adventures and bucket-list trips, Mark shares how building a dedicated travel bucket can replace financial guilt with confidence. He also discusses why many retirees are redefining legacy as experiences and memories shared with loved ones today.
Here's some of what we discuss in this episode:
🧳 Travel Bucket: Build vacations into the plan
🧮 Permission To Spend: Turn trips into line items
🕰️ Go-Go Years: Travel while health is highest
🛟 Financial Guardrails: Replace guilt with confidence
👨👩👧👦 Living Legacy: Create memories, not just inheritances
Want to get in touch with Mark?
https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526
Losing a spouse is one of life's most difficult experiences, and for many people, it also creates a wave of financial questions and uncertainty. Today, Mark discusses the challenges widows and widowers often face after the loss of a spouse, and things you can do to make the road feel a little less overwhelming. With comprehensive planning, a difficult transition can become much more manageable.
Here's some of what we discuss in this episode:
💔 Initial Concerns: Fear, uncertainty, and overwhelming decisions
📖 Real Stories: How planning creates confidence
🧩 Comprehensive Planning: More than investment management
🛡️ Financial Stability: Regaining confidence after loss
Want to get in touch with Mark?
https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526
Some people never want to retire. Others want to walk out tomorrow. Today, Mark breaks down the different "levels" of retirement desire and explains why each mindset requires a different planning conversation. Clarity and preparation can dramatically change the way people think about retirement, and this may help you figure out where you really stand.
Here's some of what we discuss in this episode:
🎯 Retirement Desire: Different mindsets toward retiring
💼 Still Love Work: Planning still matters
🤔 Uncertain Timing: Lack of retirement clarity
📋 Customized Planning: Goals drive the strategy
⚠️ Emotional Decisions: Avoid rash retirement moves
Want to get in touch with Mark?
https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526
What does it really mean to invest like a genius? Mark breaks down the traits that actually matter, and it's not about being smarter than everyone else. Mark focuses on how successful investors think, and why the right strategy isn't about predicting the future, it's about being prepared for it. Because you don't need to be a genius… you just need the right approach.
Here's some of what we discuss in this episode:
🔄 Stay Adaptable: Plans should adjust as life changes
📚 Learn from Others: Experience doesn't have to be yours
🧠 Know Your Limits: Confidence without ego matters
📉 Expect Volatility: Markets shift quickly
📊 Have a Plan: Strategy creates stability
Want to get in touch with Mark?
https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526
Retirement is a big journey, and navigating it successfully requires more than just a solid savings plan. Today, Mark reveals five game-changing principles that can make all the difference between a stressful retirement and a confident, fulfilling one. Mastering these "D's" will empower you to handle whatever comes your way, without losing sleep over market swings or unexpected costs.
Here's some of what we discuss in this episode:
💼 Diversification in Retirement: Spread risk across assets to protect against market shifts
⏳ Duration: The length of time you'll need your portfolio to last plays a crucial role
🛡️ Downside Protection: Have strategies in place to protect from major market downturns
💸 Discretionary Income: Account for unexpected expenses that might affect your lifestyle
⚖️ Drag in Portfolios: Understand and minimize portfolio drag to improve returns
Want to get in touch with Mark?
https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526
Retirement isn't just a financial decision; it's an emotional one. In this episode, Mark walks through the five different mindsets people have when thinking about retirement and how clarity and planning all play a role in determining when retirement becomes realistic. Whether you love your work or are ready to be done tomorrow, this conversation highlights why knowing your numbers can give you confidence and control.
Here's some of what we discuss in this episode:
💼 Never retiring: Even those who love work still need a backup plan
📈 Enjoying work: Financial clarity creates the freedom to choose
❓ No plan: Uncertainty often comes from a lack of structure and direction
🔄 Retirement appeal: Perspective shifts as retirement becomes more realistic
🚨 Urgency stage: Emotional decisions can lead to rushed retirement choices
🧭 Planning clarity: A defined plan turns uncertainty into confidence
Want to get in touch with Mark?
https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526
Every year during March Madness, millions of fans fill out their tournament brackets with confidence, only to watch them fall apart after the first round of upsets. Mark uses the NCAA tournament as a metaphor for financial planning and retirement investing. Just like in basketball, life throws unexpected curveballs. The key isn't predicting every upset. It's building a flexible financial plan that can adapt when surprises happen.
Here's some of what we discuss in this episode:
🏀 March Madness & Financial Planning: Predicting outcomes is hard in sports and investing
🔄 Adapting to Life's Curveballs: Flexible plans help when unexpected changes happen
📊 Investing Objectively: Diversification prevents overexposure to one company or idea
⚖️ Risk vs Reward: Taking some risk is fine, but going all-in can backfire
🛡️ Retirement Risk Management: As retirement nears, protecting assets becomes critical
Want to get in touch with Mark?
https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526
In this week's mailbag, Mark covers three decisions that can quietly shape your retirement outcome. From knowing when strategy matters more than DIY investing, to weighing the emotional and financial impact of paying off your home, to navigating rising long-term care premiums, these are real-world questions many families face. The common thread? Timing and structure matter more than impulse.
Here's some of what we discuss in this episode:
📘 Blueprint for Planning Early– Plan 10–15 years ahead
🔄 Advisor Transition – When a professional strategy trumps DIY
🏠 Mortgage Decision – Cash flow vs peace of mind
🛑 LTC Rate Hikes – How to evaluate policy options carefully
Want to get in touch with Mark?
https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526
Why do two people with the same income make completely different financial decisions? In this episode, Mark explores how the economic conditions you grew up in quietly shape your money mindset today. Early influences often show up in retirement planning conversations and understanding them can change how you think about how you plan for the future.
Here's some of what we discuss in this episode:
🧠 Economic Imprints: How early experiences shape money beliefs
🏚️ Scarcity Mindset: Lasting habits from growing up poor
💼 Wealth Exposure: Why money doesn't guarantee discipline
🗣️ Family Conversations: How silence shapes financial behavior
🧭 Holistic Planning: Connecting mindset to long-term strategy
Want to get in touch with Mark?
https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526
There's something special about a snow day… unexpected, memorable, and a break from routine. In this episode, Mark borrows a few classic snow-day moments to explain what a strong financial plan really provides. When your plan is solid, you can handle the hard parts, enjoy the good ones, and stay steady when conditions change. Snow days don't last forever, but the freedom they create is worth planning for.
Here's some of what we discuss in this episode:
❄️ Financial Foundations: How preparation creates flexibility
🛷 Snow Day Analogy: Why planning feels hard before it feels fun
⛄ Building Momentum: Letting savings and strategy compound
🚦 Storm Readiness: Staying safe during market volatility
🎉 Enjoying Retirement: Freedom to embrace unexpected moments
Want to get in touch with Mark?
https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526
Discover the mindset secrets behind legendary investors and learn how to conquer fear and risk. Today, Mark reacts to powerful quotes from some of the most respected voices in investing and explains why their lessons matter even more as retirement approaches. If headlines, volatility, or recent market gains have you questioning your strategy, he offers a timeless perspective on what can quietly derail even well-funded retirement plans, and what to do about it.
Here's some of what we discuss in this episode:
🧠 Market Composure: Why emotional control matters more than intelligence
📉 Fear vs. History: How fear drowns out decades of market evidence
⚖️ Risk Reality: You can't eliminate risk, only choose which one you carry
🛡️ Retirement Readiness: Positioning portfolios to survive real-world stress
🌱 Market Humility: Learning lessons only experience can teach
Want to get in touch with Mark?
https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526
In this special Mailbag episode, Mark responds to real listener questions that get to the heart of retirement planning. The conversation explores how risk changes in retirement, why income reliability matters more than market timing, and how to balance financial efficiency with peace of mind. Mark also explains why working with the right advisor can add value even when you feel financially secure.
Here's some of what we discuss in this episode:
🧭 Advisor Value: The benefits of clarity and guidance
⏱️ Early Retirement: Income reliability vs. market timing
🛡️ Risk Management: Protecting your assets over time
💰 Emergency Funds: Safety, risk management, and peace of mind
Want to get in touch with Mark?
https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526
Your coffee order might say something about your personality- but what does it say about your investment portfolio? In this episode of The Retirement Huddle, Mark uses a fun coffee-shop analogy to explain how different investor behaviors show up in real life- from playing it too safe to chasing the latest hype. But the conversation quickly goes deeper, uncovering why many investors are taking more risk than they realize, especially with today's AI-driven market excitement.
Here's some of what we discuss in this episode:
☕ Investor Personalities: what your coffee order could say about your investing habits
🥇 Gold Rush: who really profits during big booms
🧠 Complex Choices: overthinking portfolios and strategies
🤖 AI Trends: why many investors misunderstand the AI opportunity
Want to get in touch with Mark?
https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526
In this episode, Mark answers listener questions about preparing for retirement, navigating pension choices, maximizing charitable giving, and managing legacy assets like gold. Listeners will get practical financial insights and strategic tips for making the most of their retirement years. Tune in to hear expert advice tailored to real listener challenges.
Here's some of what we discuss in this episode:
💼 Pension Choices: the trade-offs between lump sums and monthly checks
📈 Retirement Income Strategy: how your overall plan supports long-term stability
🎁 Giving With Impact: smarter ways to support causes you care about
🥇 Gold in Retirement: what role precious metals actually play
📞 Staying Connected: how to reach Mark's team for personalized guidance
Want to get in touch with Mark?
https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526
In this episode, Mark explores common pitfalls that can make or break your investing journey. The conversation sheds light on how mindset and habits set successful investors apart, while emphasizing the ongoing importance of financial education. Curious if you might be making the same mistakes as the worst investors? If you want better results, start by avoiding the habits that wreck the worst portfolios.
Here's some of what we discuss in this episode:
🚫 Worst Investor Traits: short-term thinking, trend chasing, and emotional decisions
🏆 Successful Investors: long-term mindset, discipline, and treating money as a tool
📚 Financial Literacy: continuous learning and understanding the fundamentals
🤝 Networks Matter: building relationships that open doors and create opportunity
🧭 Young Investor Advice: consistency, patience, and healthy money habits early on
Want to get in touch with Mark?
https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526
Wondering if you're truly ready for retirement? Retirement planning isn't one-size-fits-all, and your plan should be as unique as your fingerprint. In this episode, Mark tackles the most important and often overlooked, questions everyone faces as they plan for life's biggest transition. Discover the surprising factors that shape your retirement path and learn how clarity, preparation, and flexibility are the real keys to peace of mind.
Here's some of what we discuss in this episode:
💵 Income Needs: determining how much you'll truly need to live comfortably
🧾 Tax Planning: how to keep more of what you've earned
🩺 Health & Longevity: planning for longer lives and higher medical costs
📆 Social Security: timing benefits for maximum lifetime income
⚖️ Risk Management: reducing volatility and stress once paychecks stop
Want to get in touch with Mark?
https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526
What if your fortune cookie actually held financial wisdom? In this fun and insightful episode, Mark cracks open a few "financial fortune cookies" and translates their mysterious messages into practical retirement lessons. Mark shares how these bite-sized philosophies, like staying calm in a volatile market and knowing when to protect what you've built, can guide smarter decision-making.
Here's some of what we discuss in this episode:
📝 How having a plan removes emotion from investing
⚖️ When it's time to shift from growth to preservation
🧘 "Accept what you cannot change" and focusing on what you control
🧠 Why logic beats emotion in financial planning
🏆 How having a trusted advisor keeps your plan on track
Want to get in touch with Mark?
https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526
The first year of retirement is a major milestone, one that can feel both exciting and intimidating. In this episode, Mark unpacks what really happens once the paychecks stop and the portfolio withdrawals begin. For many retirees, those early “go-go years” are when the bucket list calls, travel, hobbies, and experiences you’ve been waiting decades to enjoy. But striking the balance between spending freely and protecting your nest egg is often harder than expected.
Here’s some of what we discuss in this episode:
💸 The Psychology of First Withdrawals
⚖️ Avoid Becoming the “Richest Person in the Cemetery”
📅 Create your own “retirement paycheck” with purpose
🎯 Retire TO something, not just FROM something
Want to get in touch with Mark?
https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526
It’s been 60 years since Beatlemania took America by storm. But beyond the screaming crowds and legendary performances, some of their lyrics still carry timeless wisdom, even when it comes to your financial life. In this episode, Mark takes a magical mystery tour through classic Beatles songs and uncover what they can teach us about retirement planning.
Here’s some of what we discuss in this episode:
🎸 Let It Be: avoid emotional moves when markets get volatile
🕰️ Why planning “yesterday” makes all the difference
🔄 Get Back: life setbacks happen, but you can return to your plan
👋 Hello, Goodbye: saying goodbye to work, hello to retirement
🤝 Retirement success means coming together with a strategy
Want to get in touch with Mark?
https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526
Conventional wisdom sounds safe, but it can be deceiving. “You can’t go wrong with real estate.” “A mortgage is good debt.” “If your investments aren’t working, just try something else.” Sound familiar? In retirement planning, these rules of thumb can be misleading, or even dangerous. In this episode, Mark unpacks common money myths and shows how blindly following them could derail your retirement strategy.
Here’s some of what we discuss in this episode:
🏠 Real estate is not always a guaranteed win
🏦 Paying off the mortgage vs keeping it
💤 Retirement without purpose can lead to boredom
📉 Why chasing new investments can backfire
🗺️ Custom planning beats one-size-fits-all advice
Want to get in touch with Mark?
https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526
What do restaurants and retirement planning have in common? More than you might think. In this episode, Mark uses memorable restaurant stories—from the days of smoking vs. non-smoking sections to “pick two” menu rules—to explain some of the most important lessons in investing. You’ll never look at a menu, or your portfolio, the same way again.
Here’s some of what we discuss in this episode:
🚭 How “secondhand smoke” from one sector can damage your portfolio
📊 The trade-off between growth, safety, and liquidity—and why you can only pick two
🍱 What restaurant menus can teach about diversification
🧭 Why your investing style should change as you approach retirement
🥗 How a balanced “menu” of investments can give you clarity and confidence
Want to get in touch with Mark?
https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526
📱 Have questions about your retirement strategy? Connect with Mark to get personalized guidance: 👉 https://retirementhuddle.com/#contact
Remember those high school superlatives? “Most Likely to Succeed” or “Best Hair?” Well, Mark is handing out his own class superlatives… for the financial world. In this episode, Mark names the best and worst performers when it comes to financial tools and strategies. He dishes on the “Most Underrated,” the “Most Likely to Disappoint” (sorry, variable annuities), and the “Most Overrated” (crypto fans, brace yourselves).
Here’s some of what we discuss in this episode:
🎢 Crypto volatility
🍗 Target-date funds = the Costco rotisserie chicken of investing
⏳ Market Timing… where does it land on the list?
💸 The most underrated financial tool you need to know about
😂 Reunion moment: Mark’s real-life “Most Hair Lost” award
Want to get in touch with Mark?
https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526
📱 Have questions about your retirement strategy? Connect with Mark to get personalized guidance: 👉 https://retirementhuddle.com/#contact
You’ve heard them your whole life, classic proverbs like “Don’t put all your eggs in one basket” or “A bird in the hand is worth two in the bush.” But did you know these old sayings can teach you a lot about how to prepare for retirement? In this episode, Mark shares timeless truths and what they reveal about financial planning.
Here’s some of what we discuss in this episode:
🔍 Real diversification vs. Wall Street diversification
🌊 “A rising tide lifts all boats”—until it doesn’t
🧺 “Don’t put all your eggs in one basket” (and why that basket may not be protected)
🪙 Custom financial plans > cookie cutters
🧠 Math, logic, and wisdom you can start applying today
Want to get in touch with Mark?
https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526
Are you losing sleep over your retirement plan? You’re not alone, and this episode breaks down the most common financial pain points keeping retirees up at night. Mark shares the five biggest fears he sees in his own practice, from outliving savings to the crushing cost of long-term care. But more importantly, he offers clear, realistic strategies to turn worry into confidence and overwhelm into action.
Here’s some of what we discuss in this episode:
🚫 Avoiding running out of funds in retirement
🧾 Smart tax planning = more money in your pocket
🏥 How long-term care could drain your savings
💲 The fear of walking away from a steady paycheck
📉 How market crashes can hurt your retirement (and what to do about it)
Want to get in touch with Mark?
https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526
Retirement isn’t just a financial transition, it’s a complete lifestyle transformation. It marks the beginning of a new chapter that should be filled with purpose, connection, and well-being. In this episode, Mark draws inspiration from The Five People You Meet in Heaven to highlight the five essential people you should meet before you retire. These aren’t just helpful contacts, they’re the difference-makers who can profoundly shape your experience in retirement.
Here’s some of what we discuss in this episode:
📊 Why your advisor should offer more than just investment advice
📜 The estate planning checklist most retirees skip
🛡️ Health insurance gaps & the Medicare maze
🏌️♂️ The connection between movement, mood & meaningful aging
🤝 How mentorship can give your retirement purpose
Want to get in touch with Mark?
https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526
Retirement is meant to bring peace of mind, but that’s hard to achieve when your plans are based on ideas that aren’t completely true. Too many people head into retirement relying on outdated assumptions they’ve heard for years, without realizing the risks they carry. These myths can create a false sense of security, leaving critical gaps in your plan you won’t notice until it’s too late. In this episode, Mark debunks some of the biggest retirement misconceptions that could quietly sabotage your financial future.
Here’s some of what we discuss in this episode:
🦍 A zoo hoax becomes a metaphor for retirement myths
📄 Why bulky financial plans often mean less, not more
💔 The dangerous myth about surviving spouses needing less income
💊 Medicare’s hidden gaps
📉 Are stocks still right for you in retirement?
Want to get in touch with Mark?
https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526
Most people approach retirement planning with a list of questions in hand, but what if you're asking the wrong questions? In this episode, Mark unpacks why traditional thinking about retirement often leads people astray. If you’ve ever fixated on your “magic number” for retirement or chased high returns, Mark will show you how those concerns might be holding you back and what to do instead.
Here’s some of what we discuss in this episode:
💰 Why a magic “retirement number” is a myth
🏥 Smarter ways to plan for long-term care
🧾 The one document your advisor should be asking for—but probably isn’t
🧠 Better questions to ask than “How much do I need?”
Want to get in touch with Mark?
https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526
In this mailbag episode, Mark tackles two listener questions from opposite ends of the retirement spectrum. One faces a potential layoff, and the other dreams of seeing the world. Different situations, same goal: a secure, flexible retirement. Mark shares clear, practical strategies for both, including how to build financial resilience, strengthen your emergency savings, and fund global adventures without derailing your long-term financial plans.
Here’s some of what we discuss in this episode:
🚨 What to do if forced into early retirement
📦 Building a financial cushion for career uncertainty
✈️ Creating a sustainable travel lifestyle in retirement
🧾 Why you need a written income plan
Want to get in touch with Mark?
https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526
In this listener Q&A episode, Mark answers some of the questions that keep people up at night, from long-term healthcare without the monthly drain to how much to actually have in your emergency fund. We walk through strategies like Roth conversions, qualified charitable distributions, and alternative ways to cover long-term care costs, all with the goal of keeping more money in your pocket and building a retirement plan that works for your life.
Here’s some of what we discuss in this episode:
📉 How to shrink your future RMD tax bill
💸 Emergency fund strategy: 3 months, 6 months, or more?
🛡️ Smarter alternatives to traditional long-term care insurance
🔍 Why your unique situation drives your financial strategy
🧭 Planning retirement with purpose and vision
Want to get in touch with Mark?
https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526
For many, the dream of retiring before the traditional age of 65 is appealing, but it comes with its own set of challenges and considerations. In this episode, Mark explores the nuanced challenges of early retirement, from financial preparedness to managing longevity risk and the often-overlooked emotional aspects of leaving the workforce.
Here’s some of what we discuss in this episode:
🏥 Healthcare before 65 is one of the biggest planning hurdles
📉 Sequence of returns risk can derail early retirees without proper planning
🎯 Retiring is one thing—staying retired with purpose is another
🔥 The F.I.R.E. strategy: How some retire in their 40s (frugal lifestyle and eating a lot of rice and beans)
Want to get in touch with Mark?
https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526
Monopoly, Battleship, Risk, and even Candyland. All of these are board games that you may have played with your family or friends at some point or another. But did you know they also hold valuable lessons for your financial life?
From avoiding emotional attachment to your investments to managing risk, these games can teach us a lot about making smart money moves. Tune in as Mark connects the dots between your favorite board games and a winning financial strategy!
Here’s some of what we discuss in this episode:
📊 Not getting too attached to any one fund or stock in your portfolio.
📅Why comprehensive retirement planning is critical.
🤦️Avoiding the overconfidence that can lead to poor decision-making.
📉 Managing risk in your portfolio.
Want to get in touch with Mark?
https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526
In retirement planning, there are a lot of things that are completely out of your control. Fortunately, the things that you can control allow you to deal with those things that you can't. With so many variables out of our control, it’s essential to focus on what we can manage to ensure a peaceful and financially secure retirement.
This show will cover topics like market risks, lifetime income streams, tax strategies, and the role of Social Security in a comprehensive retirement plan. Join us to discover how to create a solid financial strategy that helps give you confidence for a long retirement.
Here’s some of what we discuss in this episode:
- We do an analysis of your portfolio to find out how much risk you’re taking.
- You can’t control longevity so how do you plan for income streams that will last?
- Managing your investments to control how much you’ll be taxed in the future.
- We want to treat Social Security as a playcheck rather than a paycheck so that you’re not really relying on it.
Want to get in touch with Mark?
https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526
We’re excited to bring a new mailbag episode to the show! We have two great questions to tackle in today’s episode. First up, Becky asks if it would be crazy to buy a bigger house in retirement to accommodate her kids and grandkids and what factors she should consider before making that decision.
Next, Donovan asks what he should focus on now at 45 to prepare for retirement at 60, given that his primary investment is his business and he doesn't have a 401(k). Tune in to hear Mark discuss these important retirement planning questions and offer valuable insights!
Here’s some of what we discuss in this episode:
- The financial and practical impact of upsizing a home before retirement
- Assessing your lifestyle goals in retirement
- How a small business owner can prepare for retirement without a 401(k) plan
Want to get in touch with Mark?
https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526
Today we’re going have a little fun by playing a game of Overrated, Underrated, or Rightly Rated. We’re going to present some financial products or ideas and Mark will tell us which category he thinks they fall into.
Join us as we discuss the importance of financial planning for retirement, including the benefits of setting up a Roth IRA and making consistent contributions. We’ll also explore the overrated and underrated aspects of various financial concepts, such as tax refunds, mortgage payoff strategies, and variable annuities.
Here’s some of what we discuss in this episode:
- Why getting a tax refund is overrated.
- What does Mark think about the movie ‘Gone With The Wind?’
- Should you pay your mortgage of early or wait?
- Why Mark feels like variable annuities are overrated.
- The opinions on Roth IRAs can swing in both directions.
Want to get in touch with Mark?
https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526
Today we’re going to have a little fun on the show by tackling the risks and realities of retirement planning by playing a game called ‘Two Truths and a Lie.’
We’ll challenge common beliefs about inflation, interest rates, and emergency funds by explaining what’s true and what is actually a myth.
Here’s some of what we discuss in this episode:
- Bonds don’t do as well in an inflationary environment.
- Rising interest rates actually help savers.
- You don’t want to have any risk when it comes to your emergency fund.
- Market crashes can present great buying opportunities.
- Will Social Security ever just go away?
Want to get in touch with Mark?
https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526
At times in life, we are presented with tough situations. While we can’t always control the situations that are handed to us, we can control how we respond to them. Today, we’ll discuss some challenging financial situations- such as market crashes, capital gains taxes, and even job loss- and instead of dwelling on the negatives, we’ll focus on finding the silver linings!
Here’s some of what we discuss in this episode:
- What opportunities can exist in the event of a market crash
- Capital gains taxes mean you made a lot of money
- How interest rates work in two different directions
- Finding yourself and taking a moment to reset after losing a job
Want to get in touch with Mark?
https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526
You never know where good advice will come from, which is what you’ll find out today. Mark is exploring unexpected sources of financial wisdom from unlikely figures like Lindsay Lohan, Rosie O'Donnell, and Mike Tyson. Discover how recognizing your own emotional barriers, avoiding blanket financial advice, and having a flexible plan can lead to a successful retirement strategy.
Here’s some of what we discuss in this episode:
- In investing, we can be our own worst enemy at times.
- Tuning out some of the noise that comes from 24 hour financial news channels.
- Building a plan that allows you to roll with the punches.
Want to get in touch with Mark?
https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526
When it comes to planning for retirement, many people focus on the obvious questions like how much money they need to save or when they should start drawing from their retirement accounts. However, there are several crucial questions that often go unasked but can significantly impact your quality of life during retirement. In this episode, we’ll explore these overlooked aspects of retirement planning.
Here’s some of what we discuss in this episode:
- When will your life be downsized?
- How does the ‘widow’s tax’ impact your decisions in retirement?
- Challenges when you lose the ability to drive.
- Do you know who will be taking care of you late in life?
Want to get in touch with Mark?
https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526
Planning for retirement is, at its core, about creating a reliable income plan. In order to enjoy the retirement you’ve dreamed of, you need to have a clear plan for covering your day-to-day expenses. In this episode, Mark will break down some of the key aspects of income planning for your retirement.
Here’s some of what we discuss in this episode:
- Adjusting your perspective on planning so you don’t outlive your money
- How Social Security is like a fine wine
- Don’t assume that bonds will be a primary source of retirement income
- Making sure that you are taking inflation into account
Want to get in touch with Mark?
https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526
Arnold Schwarzenegger is known for his accomplishments in bodybuilding, acting, and politics, but his quotes offer more than just entertainment. They can provide a unique perspective on financial planning, especially when it comes to retirement.
In this episode, Mark Howard explores how the mindset of a champion can be applied to the world of finance. From visualizing success to marching to the beat of your own drum, Arnold's words offer a fresh take on achieving financial clarity and confidence.
Here’s some of what we discuss in this episode:
- How investing when you’re younger differs greatly from investing as you get near retirement.
- Using visualization as a tool to help achieve your retirement goals.
- In certain situations, you don’t always want to be going in the same direction as everyone else.
- The value of being consistent and intentional in building your wealth.
Want to get in touch with Mark?
https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526
Whether you're considering downsizing now that the kids have moved out or weighing the benefits of paying off your mortgage, today's episode dives into how you can make informed, strategic decisions about your home that align with your broader retirement goals.
As life changes and your household shrinks, many homeowners find themselves in large houses with more space than they need. While downsizing can free up financial resources and reduce the burden of upkeep, it also presents unique challenges—especially in a market with fluctuating interest rates and rising housing costs. Mark shares insightful, real-life examples of clients who have navigated decisions like these.
Here’s some of what we discuss in this episode:
- Whether or not to downsize, considering today’s market.
- Paying off your mortgage early or keeping as is.
- Purchasing a vacation home or rental home.
- Relocating and considering potential long-term care needs.
Want to get in touch with Mark?
https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526
When it comes to financial planning and saving for retirement, there’s a lot to know! For instance, what scares people the most about the idea of retiring? Not knowing if they have enough money to last them! Mark explains that this fear, known as longevity risk, can be mitigated through proper planning. By building a mathematical plan, you can ensure that you won’t run out of money before you run out of breath.
As we go through our multiple-choice quiz, Mark shares more of his insight and expertise regarding common fears and concerns retirees often have. Find out if you answer the quiz the same way Mark does and learn more about how you can be mindful and strategic about your financial future.
Here’s some of what we discuss in this episode:
- What scares people most about retirement?
- What tax bracket do most people find themselves in during retirement?
- How much money does the average person need?
- What do people wish they did more of financially?
- What happens in the first financial planning meeting?
Want to get in touch with Mark?
https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526
We all make mistakes, but when it comes to investing, these errors can feel particularly daunting. Today, we delve into practical strategies to not only recover from investment mistakes but also to build a robust financial plan for the future. Tune in to see what you can learn from Mark today!
Here’s some of what we discuss in this episode:
- Identifying what causes a mistake.
- Increasing your savings rate.
- Recalibrating your goals.
- Building a comprehensive retirement plan.
Want to get in touch with Mark?
https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526
When it comes to retirement planning, financial advisors can be a huge asset as you work towards the next chapter of life. But that doesn’t mean every relationship with an advisor is perfect. In this episode, dive into the most common complaints people have about their financial advisors.
Here’s some of what we discuss in this episode:
- Making sure that you and your advisor are on the same page when it comes to risk tolerance.
- Ensuring that the fees you pay are worth the service you get.
- How we help our clients realize their goals and timelines.
- Know whether you are working with an advisor or a broker.
Want to get in touch with Mark?
https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526
Retirement is often compared to a marathon, and for good reason. Just like marathon training, retirement planning requires meticulous preparation, a diversified strategy, and a clear understanding of your goals. In today’s episode, we’ll explore the parallels between these two long-term endeavors and offer valuable insights on how to ensure a successful retirement.
Here’s some of what we discuss in this episode:
- Paying extra attention to your portfolio in the years leading up to retirement.
- Avoiding overspending in the early years of retirement.
- Learning from and minimizing mistakes.
- Leaving nothing to chance.
Want to get in touch with Mark?
https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526
Join Mark as he draws the parallels between popular quotes you might have heard your grandmother say and the financial decisions that need to be made during the planning process.
This episode offers valuable insights into how age-old wisdom can apply to modern financial planning. By understanding and applying these timeless sayings, you can navigate market volatility, balance certainty and uncertainty, diversify your investments, seek accurate information, and avoid unnecessary stress.
Here’s some of what we discuss in this episode:
- Why the market reacts the way it does.
- Balancing certainty and uncertainty.
- Diversifying your investments to protect your portfolio.
- Knowing what you are paying in hidden fees.
Want to get in touch with Mark?
https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526
The timeless wisdom of Mark Twain is always worth a listen. Join us as we analyze some of Twain’s most famous quotes through the lens of a financial advisor! We’ll have a laugh at Twain’s quick wit and shed light on the complexities of retirement planning in today's unpredictable world.
Here’s some of what we discuss in this episode:
- Having a steady income stream through your retirement.
- Building a financial plan that limits the effect of political decisions on your money.
- How money is a tool.
Want to get in touch with Mark?
https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526
Are you making rookie mistakes when it comes to planning for your retirement? Even those with strong experience in investing can make silly mistakes from time to time. Join Mark as he discusses some common things that can trip people up.
Here’s some of what we discuss in this episode:
- Making sure that your investments have a defined purpose.
- Understanding risk and the role it plays in diversifying your portfolio.
- Avoiding making emotional decisions.
- Why you don’t need to act on tips your friends and family give you.
- Most investors severely underestimate how much they’re paying in fees.
Want to get in touch with Mark?
https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526
How can you walk off a winner into retirement? Listen in as Mark dives into the key areas of retirement planning through the lens of America’s pastime.
Here’s some of what we discuss in this episode:
- How having a solid retirement plan is a little bit like playing “small ball.”
- The “Moneyball” approach, avoiding emotional decisions and focusing on the numbers.
- The “five tools” or the five key areas of retirement.
Want to get in touch with Mark?
https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526
Saving in your 401K can be an easy and painless way to build your retirement savings. But are you making the most of yours? Listen in as Mark breaks down the common pitfalls many people fall into with their 401(k) plans in today’s episode.
Here are some 401K mistakes we’ll discuss in this episode…
- Leaving money invested in a former employer’s 401k plan
- Failing to rebalance often enough
- Sticking all of your money in a target date fund
- Assuming that your fees and costs are minimal since you don’t see them on your statement
Want to get in touch with Mark?
https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526
When it comes to retirement planning, one critical aspect that’s often overlooked is the designation of beneficiaries. It's not just about who you want to inherit your assets; it's about making sure that your wishes are carried out smoothly and without legal complications. Let’s talk about some of the common mistakes we see people make when it comes to the beneficiaries of their accounts…
Here’s some of what we discuss in this episode:
- Naming minors as beneficiaries
- Not coordinating your beneficiary designations and your will
- Not naming alternative or successor beneficiaries
- Naming your estate as a beneficiary
- Making errors on the application
Want to get in touch with Mark?
https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526
Conventional wisdom says you can’t put toothpaste back in the tube. That is to say, once the deed is done, there’s no taking it back. There are many decisions in retirement planning that can’t be undone, and in today’s episode, we’re going to explore some of them.
Here’s some of what we discuss in this episode:
- Choosing the right time to take Social Security
- The irreversible nature of decisions regarding spousal benefits on pensions
- The increasing cost and potential unavailability of life insurance as you age
- Retiring too soon without a well-conceived plan in place
Want to get in touch with Mark?
https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526
Have you ever faced the daunting task of moving to a new home? The careful packing, the labeling of boxes, and the strategic loading of the moving truck are all important parts of a smooth transition. What if we told you similar principles apply to planning for your retirement? Listen in as Mark and Ron share some of the unexpected similarities between moving houses and financial planning in today's episode.
Here’s some of what we discuss in this episode:
- Like labeling boxes in a move, having a plan for your investment accounts can help you stay on track
- Certain financial assets, like emergency funds or retirement savings, require extra care and protection
- Similar to securing items in a moving truck, a well-designed financial plan protects assets from market volatility
- Rollovers act as the hand trucks of retirement accounts
- Hiring a professional to alleviate stress and ensure a successful transition
Want to get in touch with Mark?
https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526
There are certain rules of thumb in the financial industry, many of which you might’ve heard of. For example, the “Rule of 100” or the “4% Rule” might sound familiar to you. But how helpful are these rules of thumb in real-life planning?
In this episode, Mark walks through 5 common financial rules and shares his thoughts as a financial advisor.
Here’s some of what we discuss in this episode:
- The Rule of 100 is a helpful way to think about risk and savings as you approach retirement
- Why Mark generally disagrees with the 75% Rule
- The 6-Month Savings Rule is a reasonable guideline for emergency funds
- The accuracy of Wall Street’s Rule of 5
- The danger of the 4% Rule + the importance of comprehensive withdrawal strategies
Want to get in touch with Mark?
https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526
Welcome back to the Retirement Huddle podcast! In today’s episode, we’re exploring the timeless wisdom of Oscar Wilde. Celebrated as one of the English language's most quotable figures, he offers us a unique lens to explore financial wisdom.
Here are the quotes we discuss in this episode:
- “I have the simplest tastes. I am always satisfied with the best.”
- “Education is an admirable thing, but it is well to remember from time to time that nothing that is worth knowing can be taught.”
- “To expect the unexpected shows a thoroughly modern intellect.”
- “Experience is simply the name we give our mistakes.”
Want to get in touch with Mark?
https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526
One of the topics we discuss pretty frequently here on the show is life insurance. While it may not be the most exciting subject, there are several reasons why life insurance might be useful as part of your retirement plan. Stay tuned as we explore the diverse benefits of life insurance in this episode.
Here’s some of what we discuss in this episode:
- The importance of life insurance in providing income replacement for surviving spouses
- The role of life insurance in settling an estate + building a legacy for beneficiaries
- The power of buying life insurance when you’re young
- How life insurance can make transferring family wealth easier and more tax-efficient
- The benefits of life insurance for small business owners + high-income earners
- How the life insurance industry is helping people who can’t afford long-term care
Want to get in touch with Mark?
https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526
Today we’re diving into the world of retirement planning through the lens of one of history’s most iconic figures, Winston Churchill. While many of us know Churchill for his leadership during World War II, you might be surprised at how much his quotes resonate in the world of retirement strategy. Stay tuned as Mark shares his insights on some of Churchill’s most iconic quotes and how they apply to the landscape of financial planning.
Here are the quotes that we discuss in today’s show:
- “We shape our dwellings, and afterwards our dwellings shape us.”
- “We must be aware of needless innovations, especially when guided by logic.”
- “The problems of victory are more agreeable than those of defeat, but they are no less difficult won in the world.”
- “The farther backward you can look, the farther forward you’re likely to see.”
- ''To build may have to be the slow and laborious task of years. To destroy can be the thoughtless act of a single day. ''
Want to get in touch with Mark?
https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526
Far too often, people aren’t receiving the advice they truly need from their financial advisors. It's not uncommon for financial professionals to focus solely on managing investments, overlooking the broader context of clients' aspirations, dreams, and lifestyle goals. Tune in to discover what your advisor might be missing…
Here’s some of what we discuss in this episode:
- Does your advisor talk to you about taxes?
- Is your advisor evaluating the fees and costs of your investments?
- Are you having conversations about your retirement income?
- Is your advisor helping you understand the target and goal for each of your invested dollars?
- Are you talking about and planning for your legacy goals?
The 7 Habits of Highly Effective People:
https://www.amazon.com/Habits-Highly-Effective-People-Powerful/dp/0743269519
Want to get in touch with Mark?
https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526
In today’s conversation, we’re going to focus on six key reasons why a Roth conversion might be a game-changer for your financial future. As the dreaded April 15 tax deadline approaches, Mark is here to share why this strategic tax approach makes sense for just about everyone and is a great retirement vehicle to consider.
Here’s some of what we discuss in this episode:
- If you’re expecting a higher tax bracket in retirement, a Roth could be a wise choice
- Roths don’t have required minimum distributions
- Tax diversification is important for minimizing tax impacts on Social Security income, and avoiding increased Medicare premiums
- The implications of the SECURE Act on non-spouse beneficiaries + how a Roth IRA can offer tax-free income
- The impact of life events such as death or divorce on your tax filing status
- The benefits of doing a Roth conversion when IRA holdings are temporarily down
Want to get in touch with Mark?
https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526
Have you ever wondered what happens when you decide to give us a call? In this episode, we're pulling back the curtain to give you an inside look at how we guide our listeners through the preliminary process at Howard Financial Group.
Here’s some of what we discuss in this episode:
- What does the discovery phone call process look like?
- Some of the common concerns and life circumstances we frequently receive calls about
- Why listening and communication are such vital parts of this process
- The importance of involving family members in the financial planning journey
Want to get in touch with Mark?
https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526
It’s that time of the year when Christmas music is playing everywhere you go. We all have our favorites, and we also have songs we start getting tired of hearing. But for the most part, the music adds a wonderful soundtrack for one of the best times of the year and helps puts people in good spirits.
But what can we learn from all of these holiday classics? Today we’ll take four of the top Christmas songs and find the financial message within the music. No matter what you celebrate this time of the year, the lessons we’ll discuss today will apply to your financial plan.
Here’s some of what we discuss in this episode:
- The 12 Days of Christmas teaches us the importance of patience.
- Rudolph shows us the value of persistence.
- Mommy Kissing Santa Claus reminds us that things aren’t always as they seem.
- What can we learn from Grandma Got Run Over By a Reindeer
Want to get in touch with Mark?
https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526
Welcome back to The Retirement Huddle podcast! In today’s episode, Mark is going to tackle some of the unanswerable questions that often pop up when planning for retirement. From predicting market crashes to navigating the uncertain landscape of future taxes, stay tuned for insights on building a robust retirement plan that stands the test of time.
Here are the difficult questions we tackle in this episode:
- “When is the next market crash going to be?”
- “What are medical costs going to be like 20 years from now?”
- “What are taxes going to be like when I retire?”
- “How many years do I need to prepare for in retirement?”
Want to get in touch with Mark?
https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526
What can our favorite cereals teach us about financial planning? Much like selecting cereal, choosing financial products involves a myriad of options, each with its own set of benefits and drawbacks. From healthy and sensible choices to the flashy and appealing, Mark and Ron draw parallels between cereal selection and financial decision-making in today’s episode.
Here’s some of what we discuss in this episode:
- Fruity Pebbles: Risky financial choices such as overloading a portfolio with gold, crypto, or retiring early without proper planning
- Raisin Bran: Seemingly healthy financial choices like whole life insurance and starting Social Security early, which may not be as beneficial upon closer examination
- Sprouted Brown Rice Cacao Crisps: Less exciting but effective financial strategies such as long-term market investments, term life insurance, and low-risk guaranteed income strategies
- Frosted Flakes: Financial products endorsed by mascots or celebrities + the importance of choosing trustworthy and reliable financial sources
Want to get in touch with Mark?
https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526
In today’s episode, we’re going to discuss some of the unreasonable requests that can arise during the retirement planning process. Tune in as we tackle some common misconceptions, dissecting why they may not be feasible, and provide valuable insights on what to expect instead. From desiring high returns with little to no risk to hoping to avoid paying taxes on your IRAs and 401ks, Mark will shed light on the realities of successful retirement planning in today’s talk.
Here’s what we’ll discuss in today’s show:
- "I want to get some bigger returns with little or no risk"
- Is it reasonable to request a reduction in fees for financial advisory services?
- “How can I get out of paying taxes on the money in my IRAs, and 401ks?”
- Why it's crucial for individuals to actively participate in their retirement planning process
Want to get in touch with Mark?
https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526
The classic film, Forrest Gump, is filled with loads of memorable lines that many of us know and love. In today’s episode, we’re going to explore the unexpected financial lessons that are hidden within this iconic movie. Listen in as we discuss the importance of putting the past behind you, making informed decisions, planning for the unexpected, and much more.
Here are the quotes we discuss in this episode:
- "Mama always said, life was like a box of chocolates. You never know what you're gonna get."
- "You've got to put the past behind you before you can move on."
- "What's normal, anyway?"
- "Mama always said dying was a part of life. I sure wish it wasn't."
Want to get in touch with Mark?
https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526
In this episode of “The Retirement Huddle,” we’re diving into the world of retirement income gaps. Mark shares his insights on the different types of gaps individuals may encounter during retirement and how to effectively prepare for them. From the paycheck gap to the widow's gap, we’ll discuss the importance of having a comprehensive income strategy to ensure financial stability and peace of mind in retirement.
Here’s some of what we discuss in this episode:
- Paycheck Gap: When retiring, it's crucial to plan for the gap created when you leave your regular paycheck. Maximize Social Security benefits and consider investments to fill the income void.
- Social Security and Medicare Gaps: Retiring before Medicare eligibility at age 65 can create healthcare coverage gaps. Explore alternative healthcare options and plan for short-term healthcare needs.
- Inflation Risk: Inflation can erode your purchasing power in retirement. Build an inflation-proof retirement plan to ensure your income keeps pace with rising living costs.
- Long-Term Care Gap: Healthcare costs can become a significant financial burden in retirement. Explore options to cover potential long-term care costs, such as alternative insurance or income streams.
- Widow's Gap: Often overlooked, the income gap that occurs when one spouse passes away can be substantial. Plan for this gap to ensure financial stability for the surviving partner.
Want to get in touch with Mark?
https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526
Have you ever wondered why Mark works in the financial planning business? What drove him to start Howard Financial Group? In this episode, Mark opens up and shares his influences, dreams, and goals to help you get to know why he’s so passionate about what he does every day.
Hopefully that passion has come across in this podcast over many episodes, but we wanted to take a little time on the personal side of the business. It’s not a question we get every day but knowing who we are and what’s important to us will help us serve you better.
Here’s some of what you’ll learn in this episode:
- The impact his father had on his life and why his passing changed the trajectory of Mark’s career.
- Why Mark sold his ownership in a health club to move into the financial industry.
- What professional influences has he had since starting the business?
- What he considers to be the most gratifying and most frustrating parts of the job.
Thanks for listening! We’ll be back for another show every other Thursday.
Want to get in touch with Mark?
https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526
Social Security is a big part of what we discuss with clients on a daily basis because the majority of us will rely on this retirement benefit for income after we’ve stopped working. Despite its importance to planning, there’s a lot that the average person doesn’t know about Social Security.
Here’s some of what you’ll learn in this episode:
- What are work credits and how many do you need?
- Some of the rules surrounding spousal benefits and who might benefit.
- The conditions for claiming benefits from your ex-spouse.
- What is the earnings test and how does it tie into your benefits?
- Your Social Security benefits can actually be garnished by the federal government.
Want to get in touch with Mark?
https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526
Have you ever watched the hit TV show Parks and Recreation? The comedy show starring Amy Poehler and Nick Offerman ran from 2009 to 2015 and followed the antics of an Indiana town's public officials as they pursued projects to make their city a better place.
Believe it or not, you can learn a lot about retirement from the show, especially from the character Ron Swanson, played by Offerman.
Check out today’s show if you want to hear more of Ron’s wisdom. As always, if you have any questions about retirement or investing, feel free to reach out to us for help.
Here’s is some of the wisdom we discuss in this episode:
- “There’s only one thing I hate more than lying: skim milk. Which is water that’s lying about being milk.”
- “I’d wish you the best of luck but I believe luck is a concept created by the weak to explain their failures.”
- “The whole point of this country is if you want to eat garbage, balloon up to 600 pounds and die of a heart attack at 43, you can! You are free to do so. To me, that’s beautiful.”
Want to get in touch with Mark?
https://retirementhuddle.com/
mark@howardfinancialgroup.com
888-511-7526
Late night comedian and host Johnny Carson could bring the funny, but his words also carried wisdom about financial planning. He famously said that people will pay more to be entertained than educated.
Check out today’s show if you want to hear more of Johnny’s wisdom. As always, if you have any questions about retirement or investing, feel free to reach out to us for help.
Here’s some of what you’ll learn in this episode:
- “I know a man who gave up smoking, drinking, sex, and rich food. He was healthy right up to the day he killed himself.”
- “People will pay more to be entertained than educated.”
- “I work because I enjoy what I’m doing, and the fact that I make money at it is a fine-and-dandy side fact.”
Web: https://retirementhuddle.com/
Email: mark@howardfinancialgroup.com
Phone: 888-511-7526
It’s time for another mailbag episode! We have an exciting lineup of topics to discuss today. Listen in as we tackle some current questions from our listeners, and you’ll likely gain some invaluable insights to help you make informed financial decisions.
This episode could be very helpful if you’re looking to improve your financial situation and prepare for retirement. We will discuss what to do with extra money, how to have conversations about your will with your kids, and more. You don’t want to miss this one! If you have any questions about retirement or investing, feel free to reach out to us for help.
Here’s some of what you’ll learn in this episode:
- What should we do with extra money? (0:48)
- What’s the best way to keep my kids from being upset over a will? (4:25)
- How much should you save each year? (8:28)
Want to get in touch with Mark?
https://retirementhuddle.com/
mark@howardfinancialgroup.com
888-511-7526
On the list of dozens of retirement-related concerns, how high on the list does the potential need for long-term care rank for you? If you live long enough, chances are you will need extra medical help, and those expenses can add up quickly. On today’s show, we’ll share some questions you should consider when deciding whether you need long-term care insurance.
Here’s some of what you’ll learn in this episode:
- Who needs long-term care insurance? (1:00)
- How realistic is it to self-insure against long-term care expenses? (2:05)
- Mailbag: It is common for children to help parents with long-term care? (5:53)
Want to get in touch with Mark?
https://retirementhuddle.com/
mark@howardfinancialgroup.com
888-511-7526
It’s time for another mailbag episode! We have an exciting lineup of topics to discuss today. Listen in as we tackle some current questions from our listeners, and you’ll likely gain some invaluable insights to help you make informed financial decisions.
In this episode, we discuss what to do if your life insurance cash value is getting lower, how to get your spouse more involved in finances and when to walk away from your job, 401(k), and stock options.
Here’s some of what you’ll learn in this episode:
- Why is my mom’s life insurance cash value getting lower and lower? (0:57)
- Should I make my husband get more involved in our finances? (3:22)
- Should I walk away from my job and stock options? (8:12)
Want to get in touch with Mark?
https://retirementhuddle.com/
mark@howardfinancialgroup.com
888-511-7526
Where some people see a crisis, others see an opportunity. Some of it has to do with your mindset, and some of it might have to do with the circumstances of your life. Whether you’re navigating a market crash, have an empty nest, or get laid off, we’ll explain the good and bad that can come from these life experiences. If you’re going through a tough time, hopefully today’s show will shed a little light on your situation.
Here’s some of what we'll discuss in this episode:
- What should you do when you’re empty nesters? (1:26)
- What should you do during a market crash? (3:59)
- What should you do about long-term care insurance? (6:39)
Web: https://retirementhuddle.com/ Email: mark@howardfinancialgroup.com Phone: 888-511-7526
There are financial lessons to be learned from almost every area of life. So, let’s see what we can learn about retirement planning from things that get discussed on the Weather Channel. Join us for a unique and insightful lesson on financial planning through weather-related analogies.
Here’s some of what you’ll learn in this episode:
- What’s the tornado of the financial world? (1:14)
- Where do we find jet streams in the financial world? (3:52)
- Is there a heat index in retirement planning? (5:09)
Want to get in touch with Mark?
https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526
How much do you know about your own finances? Do you know how much you spend, how much risk you have, and what you’re paying in fees? In today’s episode, we’ll challenge you to assess your financial competency by asking you these crucial questions and more.
Here’s some of what you’ll learn in this episode:
- How much retirement savings do you have? (1:10)
- How much money do you spend? (2:25)
- How much risk do you have in your portfolio? (4:38)
Want to get in touch with Mark?
https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526
It’s time for another mailbag episode! We have an exciting lineup of topics to discuss today. Listen in as we tackle some current questions from our listeners, and you’ll likely gain some invaluable insights to help you make informed financial decisions.
This episode could be very helpful if you’re looking to improve your financial situation and prepare for retirement. We will discuss whether to turn your guesthouse into an AirBnB, when to get Medicare, and more. You don’t want to miss this one!
Here’s some of what you’ll learn in this episode:
- Should we turn our guesthouse into an AirBnB? (0:55)
- Should I stay on my company’s health insurance or get Medicare? (5:54)
- Is it too late to make money moves if you’ve already lost money? (8:25)
Web: https://retirementhuddle.com/ Email: mark@howardfinancialgroup.com Phone: 888-511-7526
Steve Martin is a well-known American actor, comedian, writer, producer, and musician. As it turns out, we can learn a lot about retirement from some of his most famous quotes. In today’s episode, we’ll use his words to share wisdom about persistence, talent, choices, income planning, and more.
Here’s some of what you’ll learn in this episode, courtesy of some famous Steve Martin quotes:
- “Persistence is a great substitute for talent.” (2:41)
- “I’ve got to keep breathing. It’ll be my worst business mistake if I don’t.” (4:44)
- “First the doctor told me the good news: I was going to have a disease named after me.” (7:08)
Listen to the full episode or use the timestamps to jump to a specific section. Thanks for listening! We’ll be back for another show every other Thursday.
Want to get in touch with Mark?
https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526
It seems that most people don’t have a clear picture of whether they should contribute to a traditional IRA or a Roth. We are here to explain the difference between the two accounts and help you determine what account would be best for your financial goals.
Here’s some of what you’ll learn in this episode:
- What's the difference between a traditional and Roth? (1:12)
- Why do people tend to choose traditional over Roths? (2:10)
- Why is a Roth so powerful in financial planning? (5:42)
Want to get in touch with Howard Financial Group?
Web: https://retirementhuddle.com/ Email: mark@howardfinancialgroup.com Phone: 888-511-7526
Yogi Berra was a sports icon and one of the most quotable people to ever live. And when we look at some of his quotes through the right prism, they can teach us some lessons about financial planning.
Yogi loved to state the obvious in a funny, quirky way. From “A nickel ain’t worth a dime anymore,” to “When you come to a fork in the road, take it,” we’ll explain what these sayings have to do with your financial future.
Here’s some of what you’ll learn in this episode:
- I never said most of the things that I said. (2:12)
- A nickel ain’t worth a dime anymore. (4:19)
- When you come to a fork in the road, take it. (6:48)
Want to get in touch with Howard Financial Group:
Web: https://retirementhuddle.com/ Email: mark@howardfinancialgroup.com Phone: 888-511-7526
If you’re like most people, you probably have some financial accounts that you don’t give much attention. The statements are just collecting dust in your file cabinet, but they might actually be hidden gems that could be put to much better use.
Today we’ll talk about some of the accounts that people tend to ignore for too long and why you shouldn’t. With some proper planning, you can probably find a better use for that money.
Here’s some of what you’ll learn in this episode:
· Why you could be missing opportunities with your old 401ks. (1:09)
· What you can do with old life insurance policies. (3:38)
· What to do with money in savings accounts and CDs. (5:54)
Want to get in touch with Mark?
https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526
People are always studying geniuses and highly intelligent people, trying to get an understanding of what makes them tick. Today we’re looking at some common characteristics of highly intelligent people that you should apply to your financial life.
Here’s some of what you’ll learn in this episode:
- Geniuses are highly adaptable. (1:23)
- Geniuses understand how much they don’t know. (3:32)
- Geniuses are able to learn from the experiences of others. (6:00)
Want to get in touch with Mark?
https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526
Most people spend more time planning vacations than planning retirement. It sounds ridiculous, but it’s absolutely true.
Today, we’re going to trick you into planning for retirement by pretending to plan for a vacation. Ready? Let’s go!
Here’s some of what you’ll learn in this episode:
- Where are you going to stay? (1:15)
- Where will you eat? (2:39)
- What will your hobbies be? (4:08)
Want to get in touch with Mark?
https://retirementhuddle.com/ mark@howardfinancialgroup.com 888-511-7526
Different people have different levels of desire when it comes to finding their retirement date. Today we’re exploring these different levels of desire.
Which of these statements below sounds most like you and your retirement plan?
Here’s some of what you’ll learn on this episode:
- I don’t see myself ever retiring. I love what I do. (1:15)
- I could retire, but they pay me pretty well and I don’t hate it. (3:32)
- I want to retire, but I don’t know when I can. (4:43)
Read more and get additional financial resources here: http://retirementhuddle.com
Disney World is a fun place, but it can also teach us a lot about financial planning. For instance, you might enjoy riding Space Mountain in the dark, but when it comes to you retirement plan, you don’t want to enter it blindly.
Today we’ll talk about some of the most iconic rides at Disney and how they can relate to your finances.
Here’s some of what you’ll learn on this episode:
- Why Space Mountain’s dark ride is not good when related to finances. (1:05)
- Why Dumbo the flying elephant’s simple ride is what you should look for in finances. (3:38)
- Why “It’s a Small World” gets stuck in your head and how to avoid that with your money strategies. (6:13)
Read more and get additional financial resources here: http://retirementhuddle.com
Many things in the financial world are critical to your future financial success. But not everything is all it’s cracked up to be.
For example, saving money on taxes is wonderful. You don’t want to pay Uncle Sam any more than you have to. But that shouldn’t be the primary advantage of an investment. From rates of return to emotions, we’ll explain the overrated concepts you need to know.
Here’s some of what you’ll learn on this episode:
- Why tax advantages are overrated and you need to consider whether spending money is even necessary. (0:57)
- Nobody is denying the power of compound interest over time. But placing too much emphasis on rate of return can be dangerous. (4:12)
- Why commission-based investment accounts are overrated. (6:26)
Read more and get additional financial resources here: http://retirementhuddle.com
Not everyone inherits money, but for those who do, there are some things you need to know. Today we’re answering some common questions we get about this topic.
From tax implications to common mistakes we see people make, we are here to make sure your current or future inheritances go smoothly. We’ll explain what steps you need to take, even if you don’t have a clue what to do.
What we discuss in this episode:
- What do you need to know about tax implications? (1:14)
- How will the SECURE Act impact your inheritance? (4:30)
- What are some common mistakes people make? (6:37)
Read more and get additional financial resources here: http://retirementhuddle.com
Do you remember the movie, The Karate Kid? Mr. Miyagi was the legendary Karate Kid mentor and famously said, “Wax on. Wax off.”
He helped the karate kid, but his advice can also help you with your finances. Today we’ll take a trip down memory lane and learn about money management at the same time.
What we discuss in this episode:
- Why different investment approaches could work for you. (1:22)
- Why you don’t need to know everything about the financial industry to be successful at investing. (3:38)
- Why trying to get rich quick with an investment choice is going to end in failure more often than not. (5:30)
Read more and get additional financial resources here: http://retirementhuddle.com
Do you remember the movie, The Karate Kid? Mr. Miyagi was the legendary Karate Kid mentor and famously said, “Wax on. Wax off.”
He helped the karate kid, but his advice can also help you with your finances. Today we’ll take a trip down memory lane and learn about money management at the same time.
What we discuss in this episode:
- Why different investment approaches could work for you. (1:22)
- Why you don’t need to know everything about the financial industry to be successful at investing. (3:38)
- Why trying to get rich quick with an investment choice is going to end in failure more often than not. (5:30)
Read more and get additional financial resources here: http://retirementhuddle.com
We’re opening up the mailbag today to answer your questions. We got a lot of good feedback and had some interesting questions come in.
On today’s show, we’ll share whether you should have a budget when you retire and live on a fixed income, whether ETFs are better than mutual funds, and more.
What we discuss in this episode:
- Julie is planning to retire and wonders if she needs to start budgeting. (0:50)
- Tim wonders whether ETFs are better than mutual funds since the fees are lower. (3:17)
- Mac’s son just graduated from college. His grandmother gave him $10,000 to invest, and they need some advice. (7:10)
Read more and get additional financial resources here: http://retirementhuddle.com
Many of us get mental blocks from time to time. But did you know these blocks can also impact your financial planning?
We’ll explain what IKEA and bikes have to do with optimism and pessimism and why you might be handling your finances the wrong way.
What we discuss in this episode:
- How the “IKEA-effect” causes us to place a higher value on things we partially created ourselves. (1:00)
- Why being extremely optimistic might be the wrong approach when it comes to your finances. (3:18)
- How extreme pessimists sometimes have their assets in cash instead of investments and why that’s not a great idea. (4:49)
Read more and get additional financial resources here: http://retirementhuddle.com
What can we learn about financial planning from these song lyrics about money?
Whether it’s “bills, bills, bills” or “take the money and run,” we’ve got some song lyrics that hit home when it comes to your finances.
What we discuss in this episode:
- Does “Mo’ money,” in fact, mean “mo’ problems,” as the Notorious B.I.G sang? (1:09)
- How Steve Miller’s “Take the money and run” song lyrics can impact your financial decisions. (5:15)
- Imagine you are at a casino, and you win $10K…what would you do? (6:51)
Read more and get additional financial resources here: http://retirementhuddle.com
What can we learn about financial planning from these song lyrics about money?
Whether it’s “bills, bills, bills” or “take the money and run,” we’ve got some song lyrics that hit home when it comes to your finances.
What we discuss in this episode:
- Does “Mo’ money,” in fact, mean “mo’ problems,” as the Notorious B.I.G sang? (1:09)
- How Steve Miller’s “Take the money and run” song lyrics can impact your financial decisions. (5:15)
- Imagine you are at a casino, and you win $10K…what would you do? (6:51)
Read more and get additional financial resources here: http://retirementhuddle.com
Today we’re diving into the mailbag to answer questions from listeners just like you. We’re taking questions about short-term loans, whether you should be a conservative investor and what’s a good withdrawal rate.
What we discuss in this episode:
0:51 – Cash for closing on house
4:41 – Conservative investor
8:29 – Withdrawal rate
Read more and get additional financial resources here: http://retirementhuddle.com
There are a lot of principles from the personal training and fitness world that we can apply to retirement planning. Let’s explore some similarities and learn how to increase our level of financial fitness.
What we discuss in this episode:
1:35 – Reading a book
3:29 – Partners
5:36 – Certification
7:07 – Goals
8:48 – Bad habits
10:11 – Journey
Read more and get additional financial resources here: http://retirementhuddle.com
So you’ve done a good job saving and investing over the years. You’ve lived on less than you’ve earned, kept yourself out of debt, and your investments have done pretty well. That means everything will be simple for you in retirement, right? Not necessarily.
What we discuss in this episode:
1:24 – Too much cash
3:48 – Too much risk
5:19 – Tax time bomb
6:50 – Scared to spend
Read more and get additional financial resources here: http://retirementhuddle.com
The 401(k) and other employer-sponsored retirement plans can be a great tool to save for retirement but they aren’t perfect. Identifying the weaknesses within these accounts will help you better invest for your future.
What we discuss in this episode:
1:12 – Administrative costs
3:16 – Mainly mutual funds
5:24 – Limited asset classes
6:14 – Subpar conservative investments
8:45 – Withdrawals aren’t easy
Read more and get additional financial resources here: http://retirementhuddle.com
Conventional wisdom isn’t always so wise. Today we’re discussing a few examples where financial conventional wisdom might lead you astray.
What we discuss in this episode:
1:02 – Real estate
3:22 – Good debt and bad debt
5:33 – Relaxing in retirement
7:01 – Investments not doing well
Read more and get additional financial resources here: http://retirementhuddle.com
It’s often said that the average person spends more time planning vacations than planning retirement. Today we’re going to plan for retirement by pretending like we’re planning a vacation.
What we discuss in this episode:
1:17 – Where to stay
2:42 – Where to eat
4:44 – Unexpected costs
7:14 – After you leave
Read more and get additional financial resources here: http://retirementhuddle.com
We’re all guilty of telling ourselves money lies from time to time. The lies we tell can change the way we think and act when it comes to finances. Are you guilty of any of these specific money lies?
What we discuss in this episode:
1:30 - $1 million
3:40 – I deserve it
4:36 – Save more later
6:14 – Plenty of time to plan
7:33 – Good debt, bad debt
8:49 – Wanting more
9:53 – How to stop lies
Read more and get additional financial resources here: http://retirementhuddle.com
People love do-it-yourself projects. There’s even a DIY Network where you can watch shows about home renovation, landscaping, or interior design and how to do those things without professional help. Today we're talking about the DIY mentality in retirement planning.
What we discuss in this episode:
1:22 – No financial advisor
3:10 – Triggers to visit an advisor
4:30 – Costly mistakes
7:48 – Common mistakes
Read more and get additional financial resources here: http://retirementhuddle.com
What can we learn about financial planning from the Andy Griffith Show? We’ll share some quotes from the famous show and explain how they relate to you retirement.
What we discuss in this episode:
1:25 – Floyd
2:27 – Goober
6:07 – Sheriff Andy
7:29 – Otis
Read more and get additional financial resources here: http://retirementhuddle.com
Should you take a job with a higher salary but worse health insurance? Is there a way to not owe the IRS so much in taxes each year? These are a few of the mailbag questions we’re answering on today’s show.
What we discuss in this episode:
1:00 – Career moves
4:10 – Taxes
6:45 – Marriage costs
Read more and get additional financial resources here: http://retirementhuddle.com
A lot of people have questions about their retirement plan, but you might be asking the wrong questions. We’ll share some common wrong questions and what better questions might be.
What we discuss in this episode:
0:57 – How much to save?
2:30 – Long-term care insurance
4:07 – Highest return
5:41 – Fees
7:27 – Taxes
Read more and get additional financial resources here: http://retirementhuddle.com
Sometimes we have clients who want to retire early. But how much earlier do they mean, and is this a realistic goal? We’ll share some challenges they face and how to know if early retirement is for you.
What we discuss in this episode:
0:59 – How early?
5:21 – Realistic retirement?
6:20 – Challenges of retiring early
10:29 – How do you know?
Read more and get additional financial resources here: http://retirementhuddle.com
Delayed gratification is a difficult skill to master and that’s just as true with financial matters as it is in the other areas of your life. Let’s talk about some instances where you might be faced with a choice of being satisfied now or satisfied later.
What we discuss in this episode:
2:09 – Budget vs. 401k match
4:22 – Tax deductions
6:33 – Social Security
Read more and get additional financial resources here: http://retirementhuddle.com
What can basketball star Shaquille O’Neal teach us about retirement planning? Quite a bit. Let’s examine some of his famous quotes and how they can apply to your life.
What we discuss in this episode:
0:46 – Seeing Shaq
5:05 – Excellence
7:15 – Taxes
8:59 – Stats
11:02 – Motivation
Read more and get additional financial resources here: http://retirementhuddle.com
For some folks, the idea of putting together a financial plan can be overwhelming. But it’s less threatening if you just focus on the first step. Let’s talk about a few possible first steps that you could take.
What we discuss in this episode:
1:05 – Retirement dreams
2:41 – Financial inventory
5:24 – Income plan
6:54 – Professional help
Read more and get additional financial resources here: http://retirementhuddle.com
We often hear people try to make excuses or explain away some of their questionable financial decisions. On today’s show we’ll explain why these excuses usually don’t hold water.
Read more and get additional financial resources here: http://retirementhuddle.com
What we discuss in this episode:
1:08 – Social Security
5:44 – Too much risk
8:06 – Too much cash
10:24 – No idea about investments
11:59 – Leaving an advisor
Anytime the market is turbulent, people react in various ways. So, how should you handle rough periods in the market? We’ll share how to handle these tumultuous times
Read more and get additional financial resources here: https://retirementhuddle.com/podcast/ep-44-how-to-should-you-handle-market-volatility/878/
What we discuss in this episode:
1:04 – Over trading
3:48 – Panic
5:47 – Head in the sand
6:48 – Extreme confidence
8:07 – Market timing
We often talk about the importance of not leaving a 401k with your old company after you no longer work there. But what are the main benefits of rolling an old 401k into an IRA? We’ll explain on today’s show.
Read more and get additional financial resources here: https://retirementhuddle.com/podcast/ep-43-rolling-over-your-401ks-into-iras/859/
What we discuss in this episode:
1:00 – Benefits of rolling 401k
4:08 – Tax implications
5:12 – Options while working
6:46 – Matching funds
7:30 – What investments?
As financial professionals, there are things that we wish everyone knew and understood about the financial industry. Today we are going to share some of the tricks that sometimes get played and how to spot them.
Read and get additional financial information: https://retirementhuddle.com/podcast/ep-42-what-we-wish-you-knew-about-the-financial-industry/841/
What we discuss:
1:01 – Financial marketing
4:16 – Fees
6:34 – Risk potential
9:04 – Tax implications
Mister Rogers left us a treasure trove of inspirational quotes during his 31 years on TV. Did you know that a few of them have some solid financial and investing wisdom hidden inside?
Read and get additional financial information: https://retirementhuddle.com/podcast/ep-41-financial-wisdom-from-mr-rogers/826/
What we discuss:
2:15 – Truth about ourselves
3:41 – Periods of losing
5:43 – At the beginning
7:10 – Time and choices
Psychologists have determined that retirement is the 10th most stressful event that you can experience in life. Today we’re sharing some ways to proactively deal with that stress.
Read and get additional financial information: https://retirementhuddle.com/podcast/ep-40-how-to-deal-with-financial-stress-in-retirement/814/
What we discuss:
2:58 – Lifestyle changes
4:58 – New challenges
7:03 – Keep options open
8:54 – Sense of perspective
10:17 – Contact Mark Howard
Some people need a reality check when it comes to understanding their retirement. You might picture yourself retired on a beach or a boat, but it might be time to check your dreams.
Read and get additional financial information: https://retirementhuddle.com/podcast/ep-39-retirement-reality-check/801/
What we discuss:
0:55 – Manage expectations
3:01 – Changing expenses
5:21 – Changing game plan
6:53 – Financial planning help
Right now, there are many parents who recently dropped their first kid off at college. Other parents just dropped their last kid off at college and are officially empty nesters. Let’s discuss some of the major financial issues to consider during this stage of life.
Read and get additional financial information: https://retirementhuddle.com/podcast/ep-38-financial-tips-for-empty-nest-syndrome/788/
What we discuss:
1:24 – College expenses
3:05 – Kids retirement savings
5:35 – Save money yourself
6:29 – Transition of expenses
Today, we’re answering your mailbag questions. Up first, Beth wants to know if it was a mistake to take Social Security early. We’ll also answer your questions about 401(k) investments and long-term care.
Read and get additional financial information: https://retirementhuddle.com/podcast/ep-37-mailbag-social-security-401k-investments-and-long-term-care/681/
What we discuss:
0:51 – Social Security
4:05 – 401k investments
7:51 – Long-term care
You likely have questions about your retirement, but there might be some questions that you didn’t know to ask. We’ll explain what those questions are and why the answers are so crucial to your financial future.
Episode Show Notes: https://retirementhuddle.com/podcast/ep-36-retirement-questions-you-didnt-know-to-ask/619/
1:27 – Tax-deferred savings
4:18 – Savings
6:08 – Life insurance
7:40 – Medical coverage
8:51 – Fees
Today we’re answering some mailbag questions about inheritance, housing prices and retirement goals.
Read more and get additional financial resources here: https://retirementhuddle.com/podcast/ep-35-mailbag-inheritance-housing-and-retirement-goals/610/
What we discuss on this episode:
1:11 – Inheritance
6:11 – Selling house
8:33 – Retirement goal
On this episode of The Retirement Huddle podcast, Mark Howard explains the questions you need to answer to see if you are ready for retirement.
Read more and get additional financial resources here: https://retirementhuddle.com/podcast/ep-34-retirement-readiness-where-do-you-stand/597/
What we discuss on this episode:
1:07 – I have no idea if I can retire
3:24 – I think I have enough money to retire
5:00 – I know I have enough money to retire
7:13 – What to do before talking with Mark
We like to look at issues faced by people outside the financial world and see what kind of retirement lessons we can learn. Today, we’re seeing what we can learn from teachers and the issues they face.
Read more and get additional financial resources here: https://retirementhuddle.com/episodes/
What we discuss on this episode:
2:02 – Everybody hates homework
4:54 – Standardized testing isn’t ideal
8:43 – Pros and cons
What kind of score will you get on this retirement pop quiz? If you don’t know the answer to the majority of these questions, there’s a good chance that you’d be flunking a course on retirement planning.
Read more and get additional financial resources here: https://retirementhuddle.com/financial-planning/ep-32-retirement-pop-quiz/565/
What we discuss on this episode:
1:51 – Fund your lifestyle
5:22 – Net worth
7:11 – Parents
8:52 – News
9:41 – Nursing home
There are some important ages when you’re thinking about retirement. Some of these ages start way before you retire. We’ll explain what they are and why they’re important milestones.
Read more and get additional financial resources here: https://retirementhuddle.com/podcast/ep-31-important-ages-for-retirement-planning/525/
What we discuss on this episode:
1:22 – 50 years old
3:03 – 55 years old
4:00 – 59.5 years old
6:04 – 62 years old
7:53 – 65 years old
8:47 – 66 or 67 years old
10:21 – 72 years old
Even if she wasn’t actually talking about money, Grandma said a lot of smart things that we can apply to financial planning. On this episode of The Retirement Huddle podcast, Mark Howard explains some of these classic Grandma sayings and how they relate to our financial lives.
Read more and get additional financial resources here: https://retirementhuddle.com/podcast/ep-30-financial-planning-with-grandma/511/
What we discuss on this episode:
1:11 – When it rains, it pours
2:07 – You never know
4:26 – A bad apple
5:05 – From the horse’s mouth
Getting through retirement is a lot like running a marathon. Are you prepared and ready to go? We’ll explain what you need to do.
Read more and get additional financial resources here: https://retirementhuddle.com/podcast/ep-29-the-retirement-marathon/491/
What we discuss on this episode:
2:00 – Planning and preparation
4:59 – Diet
6:28 – Don’t start too fast
Some decisions you make are hard to go back to change, and some you can’t change at all. And there are many decisions in retirement planning that can’t be undone, so you want to make sure that you make the right call.
Read more and get additional financial resources here: https://retirementhuddle.com/podcast/ep-28-retirement-decisions-that-cant-be-undone/475/
What we discuss on this episode:
1:59 – Social Security
3:47 – Spousal benefits
5:48 – Life insurance
7:02 – Retirement date
The financial world is full of acronyms that get thrown around for convenience, but the average person doesn’t necessarily know what they all mean. We’ll share what they are and what they mean.
Read more and get additional financial resources here: https://retirementhuddle.com/financial-planning/ep-27-financial-acronym-salad/456/
What we discuss on this episode:
1:28 – ETF
2:46 – RMD
5:23 – YTM
5:57 – CPI
8:02 – COLA
9:33 – FRA
Should you always pay off your house as soon as you can? Do you need life insurance when you retire? Find out if we agree or disagree with these financial strategies.
Read more and get additional financial resources: https://retirementhuddle.com/podcast/ep-26-agree-or-disagree-with-these-financial-strategies/442/
What we discuss on this episode:
1:12 – Pay off your house
2:10 – Individual bonds vs. bond funds
3:37 – Life insurance
5:15 - Annuities
6:54 – Deferred taxes
8:07 – Credit cards
8:38 – Mutual funds instead of stocks
9:31 – Social Security
To successfully complete a jigsaw puzzle, there are some strategies you’ll want to keep in mind, and many of those same strategies apply to retirement planning.
Read more and get additional financial resources here: https://retirementhuddle.com/financial-planning/ep-25-the-jigsaw-puzzle-of-retirement/424/
What we discuss on this episode:
1:40 – Look at the big picture
3:04 - Build a framework
4:30 – Sort by color
5:51 – Have an end-game in mind
When you’re in the red zone in football, you need to capitalize on the opportunities and not make costly mistakes. The same thing goes when you’re in the red zone leading up to your retirement years. We’ll explain why.
Read more and get additional financial resources here: https://retirementhuddle.com/financial-planning/ep-24-why-the-final-decade-before-retirement-is-crucial/415/
What we discuss on this episode:
1:33 – Get healthy and stay healthy
3:32 – What will you do with free time?
4:58 – Post-retirement career?
6:48 – Save more money
8:48 – Become debt free
9:18 – Reduce the risk in your portfolio
Do ever watch home renovation shows on TV? Well, renovation projects can also apply to your financial life. We’ll explain how.
Read more and get additional financial resources here: https://retirementhuddle.com/podcast/ep-23-how-home-renovation-is-like-financial-planning/385/
What we discuss on this episode:
1:50 – Contractor’s discount
4:24 – Passing inspection
6:35 – Specialization
What can basketball teach us about financial planning? Surprisingly, they have a lot in common. We’ll explain how
Read more and get additional resources here: https://retirementhuddle.com/podcast/ep-22-what-basketball-can-teach-us-about-retirement-planning/374/
What we discuss on this episode:
1:48 – Shot clock
4:35 – Double dribble
7:05 – Personal fouls
“This is the year. I’m going to do (fill in the blank).” How many times have you heard people say that about New Year’s resolutions? Let’s talk about some good financial goals for the New Year and how to make them stick.
Read more and get additional financial resources here: https://retirementhuddle.com/financial-planning/ep-21-financial-goals-for-2021/356/
What we discuss on this episode:
2:12 – Understand new legislation
3:20 – Understand old legislation
4:36 – Gathering tax documents
5:32 – Adjusting to new income levels
6:26 – Reassessing overall retirement health
Does your financial advisor look at your tax returns? What about the fees in your investments? We’ll explain how your advisor should be helping you.
Read more and get additional financial resources here: https://retirementhuddle.com/podcast/ep-20-is-your-advisor-doing-this/340/
What we discuss on this episode:
1:28 – Reviewing tax returns
3:06 – Evaluating fees and costs in investments
4:36 – Discussing and planning retirement income
6:22 – Clarify target and goal for invested dollars
7:47 – Reviewing family goals and legacy plans
This time of the year is very special. Christmas songs can get you in the mood for celebrating with your family. They can also be compared to retirement planning. On this episode of The Retirement Huddle podcast, Mark Howard explains how they are similar.
Read more and get additional financial resources here: https://retirementhuddle.com/podcast/ep-19-financial-lessons-from-christmas-carols/319/
What we discuss on this show:
1:10 – I’ll be home for Christmas
2:16 – Do you hear what I hear?
3:39 – O, Little Town of Bethlehem
5:22 – What child is this?
6:07 – Blue Christmas
On this episode of The Retirement Huddle podcast, Mark Howard explains how overconfidence in your financial life can sometimes lead to destruction.
Read more and get additional financial resources here: https://retirementhuddle.com/podcast/ep-18-how-overconfidence-in-your-finances-can-lead-to-destruction/303/
What we discuss on this show:
1:06 – Overconfidence in the stock market or your ability to manage your portfolio
2:49 – Overconfidence in a certain amount of money
5:05 - Overconfidence in rules of thumb
6:47 - Overconfidence in your own understanding of how certain products work
8:45 - Overconfidence in your own decision-making process
Even if you have a solid financial plan in place, things can quickly get out of tune if you don’t make adjustments from time to time. On this episode of The Retirement Huddle podcast, Mark Howard explains some of the areas where we often see people get out of tune in their financial plan.
Read more and get additional financial planning resources here: https://retirementhuddle.com/financial-planning/ep-17-are-you-out-of-tune-financially/288/
What we discuss on this show:
1:21 – Future tax considerations
3:02 – Have the right amount of life insurance
4:42 – Having the right amount of cash in the bank
5:52 – Having the right amount of risk
Villains in the movies are usually pretty easy to identify, but villains in the financial world aren’t always so easy to identify. Here’s how to recognize them.
Show notes & financial resources: https://retirementhuddle.com/podcast/ep-16-how-to-spot-villains-in-the-financial-world/270/
What we discuss on this show:
1:24 – Darth Vader
3:10 – Wicked Witch of the West
4:43 - Ivan Drago (Rocky IV)
7:13 – How to prepare for meeting with financial coach
Many financial decisions can be compared to playing chess, roulette or poker. Some use skill and some use luck, and we will explain why.
Read more and get additional financial resources here: https://retirementhuddle.com/podcast/ep-15-are-we-playing-chess-roulette-or-poker/256/
What we discuss on this show:
1:51 – Trying to time the market
3:02 – Deciding how much IRA money to covert to Roth
5:25 – Deciding when to retire
7:38 – Choosing the right pension option
9:12 – Picking stocks
10:33 – Determining when to start your Social Security
Are you an emotional spender or someone who loves to do research before making a purchase? No matter how you spend money, it’s helpful to know your personality type so you can best plan for retirement.
Read more and get additional financial resources here: https://retirementhuddle.com/podcast/ep-14-whats-your-spending-personality/245/
What we discuss on this show:
1:17 – Emotional spender
2:31 – YOLO spender
3:42 – Savvy spender
5:03 – Miser
5:57 – How to contact Mark
In honor of all the wonderful mothers, let’s take some of their favorite sayings and apply them to financial planning.
Read more and get additional financial resources here: https://retirementhuddle.com/podcast/ep-13-financial-wisdom-from-moms-favorite-sayings/229/
What we discuss on the show:
0:53 – Because I said so
2:21 – If you want to act like a child, I’ll treat you like one
4:39 – If all of your friends jumped off a bridge, would you do it too?
6:11 – One day, you’ll thank me
Mark breaks down the top six financial topics that people search on Google and what you should know about them.
Read more about this episode: https://retirementhuddle.com/podcast/221/221/
What we discuss today:
1:03 – Income taxes
5:13 – Insurance
7:36 – Mortgages
9:21 – Retirement accounts
11:52 - College expenses and estate planning
Are you making assumptions about your retirement and what it will look like? Mark breaks down some of the expectations people have and where you can go wrong.
Read more and get additional financial resources here: https://retirementhuddle.com/podcast/ep-11-dont-make-these-assumptions-about-retirement/211/
On today's show:
0:55 – Thinking you’ll spend less in retirement
2:03 – Thinking your taxes will be lower when you retire
3:18 – Thinking you need to fund college before retirement
4:12 – Thinking you’ll never be able to retire
5:44 – Mailbag: How to help parents with long-term care
7:13 – Mailbag: Can I overcome a divorce this late in life
Most people don't know what types of risk they should guard against in their financial planning. We break down five risks and how to address them. Plus, Mark answers your mailbag questions.
Read more and get additional financial resources here: https://retirementhuddle.com/podcast/ep-10-5-types-of-financial-risks/200/
On today's show:
0:51 – Market risk
2:41 – Interest rate risk
3:47 – Inflation risk
5:03 – Tax rate risk
5:54 – Longevity risk
6:55 – Mailbag: Judy in Savannah
8:15 – Mailbag: Anna in Bluffton
9:41 – Mailbag: Steve in Hilton Head
Everyone gets tripped up by mistakes in retirement planning and sometimes they’re unavoidable. But many times we see pre-retirees make bad decisions that hurt their financial future and they could have steered clear of these with a little assistance. Let’s look at the classic mistakes that we see before answering a few mailbag questions.
Read more and get additional financial resources here: https://retirementhuddle.com/podcast/ep-9-5-classic-pre-retiree-mistakes/179/
Today's show schedule:
0:59 – Investing at age 59 the same way you’re investing at 39.
2:42 – Starting Social Security without a plan.
3:58 – Focusing on tax preparation but not tax planning.
4:57 – Assuming that most of your retirement healthcare needs will be met by Medicare.
5:51 – Taking on additional risk to try and make up for lost time.
6:43 – Mailbag Question: Is it better to work with an advisor that charges an hourly fee or someone who charges a management fees based on percentage of assets?
8:08 – Mailbag Question: Is it a good idea to avoid IRA withdrawals this year and live off Social Security and bank account to avoid paying any taxes?
9:26 – Mailbag Question: I’m nervous about how much money I have in the market. How much should I have in my 50s?
Financial lessons can be found everywhere you look, even on The Weather Channel. Today we’re taking four common weather terms and finding the equivalent in retirement planning.
Read more and get additional financial resources here: https://retirementhuddle.com/podcast/ep-8-financial-forecast-how-planning-is-like-the-weather/173/
Today's show schedule:
1:03 – What are the tornadoes of the financial world?
3:23 – The Jet Stream
4:39 – The Heat Index
6:18 – Black Ice
We work with many, many Baby Boomers so we see and hear the concerns they have heading into retirement. Let’s discuss what challenges are facing this generation and where mistakes often get made during the planning process.
Read more and get additional financial resources here: https://retirementhuddle.com/podcast/ep-7-the-challenges-facing-baby-boomers-in-retirement/167/
Today's show schedule:
0:39 – What percentage of our clients are Baby Boomers?
1:45 – What unique financial challenges are Baby Boomers facing?
4:16 – The Sandwich Effect
4:44 – Two more challenges: pension funds and unfavorable market cycles
6:02 – One of the biggest financial fears we hear from Baby Boomers.
6:43 – What mistakes do Baby Boomers make with retirement planning?
After all of the hard work it takes to make it to retirement, why would you go and do anything to jeopardize your finances or your lifestyle? Unfortunately, it happens all too often for a number of different reasons. Today we’ll tell you about some of the most common mistakes people make and what you can do to avoid the same fate.
Read more and get additional resources here: https://retirementhuddle.com/podcast/ep-6-how-to-ruin-your-retirement/156/
Today's show schedule:
0:55 – Treating retirement as the finish line.
2:21 – People believe retirement will solve their problems because they’re no longer working.
3:28 – Assuming that your monthly spending habits in retirement can be determined by your habits while working.
5:09 – People stop being active in retirement.
7:23 – Investing like you’re 35-years-old.
9:05 – Here’s what we do to help someone that calls us and wants to start the planning process.
The SECURE Act took effect to start 2020 and it’s the first significant retirement legislation in many years. Let’s look at the key changes to retirement planning and how it might impact your future.
Read more and get additional financial resources here: https://retirementhuddle.com/podcast/ep-5-how-the-secure-act-impacts-your-retirement/150/
Today's show schedule:
1:07 – RMD age moves from 70.5 to 72. There are some important points to know.
3:41 – There’s now no age limit on IRA contributions as long as you have earned income.
4:47 – Inherited retirement accounts now have to be distributed within 10 years.
7:46 – Penalty-free withdrawals from retirement accounts up to a certain amount for new parents.
8:54 – There are now more 401k options for small businesses out there.
9:44 – These are all great things to review with an advisor.
A lot of us are in a rut right now. The state of the economy remains in limbo as unemployment rises and businesses struggle to remain open.
It can be overwhelming to completely rearrange your daily life while trying to balance your finances. We’re all dealing with this together and we’ll help each other get through this rough patch.
Without answers it might seem like the optimism is a long ways off, but let’s shake that feeling and take back control. On this episode of The Retirement Huddle, Mark Howard is going to provide a financial pep talk when we need it most. Let’s discuss the things they are teaching you in school but have a huge impact on your retirement mindset.
There will be good days and bad days as our country works to get the coronavirus health crisis under control, but we don’t have to predict the future to win this game of retirement planning. Keep that in mind every day. Hopefully this episode will help serve as motivation or inspiration during these uncertain times.
Thanks for listening to this episode. We’ll be back for another show every other Thursday.
Get additional resources here: http://howardfinancialgroup.com
Today's Show Rundown:
0:43 – Finding financial certainty in these uncertain times.
1:33 – Being unshakeable is a state of mind.
1:59 – We’re still living in a fragile world.
3:33 – We don’t have to predict the future to win this game of retirement planning.
5:00 – Here’s how we’ll help you answer the important questions in your life.
When you think about what it takes to become a better investor, what do you imagine? Are you envisioning some big secret strategy or a hot stock tip that pushes you to another level?
The truth is you might not need any major changes. Often it’s just a mentality or a personality trait that can lead you to the results you hope for. Let’s take highly-intelligent people for example. When you think about the characteristics they possess that separate them from everyone else, many of those can be replicated by everyone. It just takes the ability to remain disciplined.
On this episode of The Retirement Huddle, let’s talk about what it takes to invest like a genius. How can we take those intelligence traits and apply them to financial planning to produce better results?
Mark Howard will explain why being highly-adaptable, acknowledging what you don’t know, and being willing to learn from other people’s experiences can give you a leg up on investing. It might not seem like a major revelation, but consistently doing these things will improve you as a person and an investor.
Thanks for listening to this episode. We’ll be back for another show every other Thursday.
Get additional resources here: http://howardfinancialgroup.com
Today's Show Rundown:
1:01 – 1st characteristic: highly-adaptable
4:11 – Know when to hold them, know when to fold them.
4:38 – 2nd characteristic: they acknowledge when they don’t know.
7:03 – 3rd characteristic: willing to learn from others.
9:32 – Be proactive with your financial plan.
The traditional IRA has long been the popular retirement account for investors but the Roth is making up a lot of ground. Let’s explore the differences between the two and help you understand why you might choose one over the other.
Read more and get additional information here: http://howardfinancialgroup.com
Today's rundown:
0:50 – What’s the difference between a traditional IRA and a Roth?
3:30 – Why have people used the traditional IRA for so many years?
4:29 – Why is the Roth so powerful for most savers?
5:51 – Does Mark believe the Roth will be a popular tool as we move forward?
7:09 – Are there certain people that would be better fit for a Roth or traditional?
Mark Howard has worked in financial planning for more than three decades and plans to bring that knowledge and experience to the world of podcasting. On this debut episode, we’ll tell you more about Mark, how the business began, and what we have in store for this show.
Learn more here: https://www.howardfinancialgroup.com/
Today's rundown:
1:55 – Mark explains how he got started in the business.
3:03 – The two reasons Mark decided to start his own business.
4:54 – What do you like best about the retirement planning process?
7:21 – The idea behind the podcast is education.
8:54 – Looking forward to the show. Here’s where you’ll find it every other week.