Retire Simply Podcast: Recent Episodes
Scott and Angela Winstead
Retire Simply Podcast is a weekly podcast hosted by Scott and Angela Winstead of Grapevine, TX! Scott and Angela are the founders of Compass Retirement, providing exceptional service and preparing their clients for a fulfilling retirement. If you are a retiree, or pre-retiree, this podcast is for you. They will be bringing actionable advice and steps that you can take in order to avoid bad financial advice and make sure that your retirement income lasts as long as you do and that you not simply survive, but thrive in retirement!
What are the Long-Term Effects of Rising Interest Rates on Retirement Plans?
Tips and Strategies for Retirees to Mitigate Risk from High Interest Rates
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Treasuries
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CD's
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Multi-Year Guaranteed Annuities
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Fixed Indexed Annuities
These strategies can help you navigate the current bond market and preserve your investments from the risks associated with rising interest rates.
Scott and Angela start a two-part Retire Simply podcast series discussing different strategies that can help you navigate the current bond market and help preserve your investments from the risks associated with rising interest rates.
Tune-in next week to hear Part 2!
Key takeaways:
•What are Interest Rates and How do They Affect Retirement Planning?
•The Impact of Rising Interest Rates on Your Savings
•How to Manage Your Retirement Plan
President Biden signed the SECURE 2.0 Act into law on December 29, 2022. This legislation makes some notable changes. It is projected to reshape retirement for years to come by making several changes to retirement account rules. Listen in today and Scott and Angela bring you current information about how these changes could affect you. Changes like:
•RMD Age has change for many of us
•Higher Catch-up Contribution Limit
•The Lost and Found for 401(k)s
This is the 100th episode of the Retire Simply Podcast. We’ve had a lot of fun! It has been a wild and beautiful ride getting to stay connected with you as we aim to guide you throughout retirement! Always bringing you…
•the latest retirement updates
•tips to help implement them
•great recipes and stories that we think you’ll love
We are so grateful for you! All the support and appreciation you’ve sent us and the team at Compass Retirement is the fuel that keeps us energized and ready to bring you what you need for these ever-changing times. Looking forward to celebrating episode 200 with you, your family, and your friends…Angela & Scott Winstead!
Scott and Angela share a few conversation starters to help you get through those holiday parties and social gatherings with friends and family where you might need to fall back on something to get those fun (non-argument-starting) discussions going!
Scott and Angela discuss the crazy year we just experienced, from market volatility to inflation and everything that can threaten your retirement. Then, the duo takes a look at the upcoming year and what you can address in your retirement plans.
Key takeaways:
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Reviewing the Headwinds of 2022
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GDP
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Inflation
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Interest Rates
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US Market
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Looking ahead to 2023
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Benefits of a solid Retirement Plan
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Primary areas to address
In today's podcast Angela shares that she's back out in the community hosting Retire Simply Women Events. Women typically face many different challenges and obstacles than men in their retirement. Listen in today as Angela shares with you some of women’s top concerns and ideas about how to find your way through today’s retirement landscape!
In today's podcast Angela shares that she's back out in the community hosting Retire Simply Women Events. Women typically face many different challenges and obstacles than men in their retirement. Listen in today as Angela shares with you some of women’s top concerns and ideas about how to find your way through today’s retirement landscape!
The retirement space is changing. With constant stock market volatility and the bond market going down, the 60/40 portfolio should be reconsidered for retirement. What can you do to work around this split?
Key takeaways:
• What does rising interest rates mean for the 60/40 portfolio?
• Should you potentially sell to cash?
• What about commodities?
• Considering your goals and your age.
The retirement space is changing. With constant stock market volatility and the bond market going down, the 60/40 portfolio should be reconsidered for retirement. What can you do to work around this split?
Key takeaways:
• What does rising interest rates mean for the 60/40 portfolio?
• Should you potentially sell to cash?
• What about commodities?
• Considering your goals and your age.
Scott's commitment is become the best version of himself, while encouraging others to do the same. He is embarking on a massive challenge in Snowbasin, Park City, Utah, a challenge that will take a physical and mental toll. In a special episode of the Retire Simply Podcast, Scott gives details of the 29029 Everest Challenge, The Jones Project, and how you can take help support him.
Donate here: https://thejonesproject.org/29029/scottwinstead/
More information on the 29029 Everest Challenge: https://29029everesting.com/
Key takeaways:
• What is the 29029 Everest challenge?
• The story of Josh Jones and The Jones Project
• Ways to donate and help support those participating in the challenge.
Give and receive. If you are like many of the people, we get to help, and you like to give. Some of you give of your money, some of you give of your time, and some of you give both! If money is a part of your giving equation, then we have an idea you. Have you ever considered Qualified Charitable Distributions? Wouldn’t it be nice to give AND receive?
Source: https://www.fidelity.com/learning-center/personal-finance/retirement/qcds-the-basics
Key takeaways:
- IRRMA- what you don’t know could hurt you.
- Wow! I never expected a lookback.
- 62 could be the way to go.
What happens to your personal finances when your spouse passes away? You may be shocked by how this impacts your taxes. Scott and Angela explain the difference between the tax brackets for married people versus individuals.
Key takeaways:
• The tax bracket exchange, when someone dies… it sure can change
• Now you know, don’t let your problem grow!
• It a may be an uncomfortable conversation that could save a terrible situation.
*Neither the firm nor its agents or representatives may give tax or legal advice. Individuals should consult with a qualified professional for guidance before making any purchasing decisions.
In this episode, Scott and Angela go over what you need to have in order so you can leave a lasting legacy and estate plan!
Key takeaways:
• Taking Inventory
• Maintaining Your Lifestyle
• Tell them what to do!
• Review your Beneficiaries.
• Do you need professional help?
• Make sure you’re current.
We receive lots of questions about living trusts. Listen in as we share about five reasons you don't need a living trust in the state of Texas, as well as three reasons you might.
You don’t need a lot of money to have an estate plan. There are a few necessities that we will be talking about today.
Key takeaways:
• Start with a will.
• Let’s talk about a Financial Power of Attorney.
• Who will make decisions regarding your health if you can’t?
Can you really time the market? No one has a crystal ball that can predict the future, so trying to time the market may cost you in the long run. Scott and Angela explain why time IN the market makes more sense than timing the market.
Key takeaways:
• It's not about timing the market, but about time IN the market.
• Getting in and getting out may not accomplish what you want.
• Missing even a few of the best trading days can have a big impact on your account value.
• It’s important to have protected funds and funds at risk.
You may have a stock portfolio and a few savings accounts, but do you have a written financial plan? If you don't have a written financial plan for retirement, then you are just wishing. Scott and Angela explain why it's crucial - particularly in times like these - have a plan.
Key takeaways:
• Worst four months since 1939?
• Portfolio positioning versus an adaptable and flexible plan.
• It may be time to get out of the rain and seek shelter.
Throughout your normal daily tasks are you hearing that scary word….Recession?
This may be a good time to review your budget, portfolio, and short-term cash situation. Listen in as Angela and Scott talk about what a big change in the market might mean. And is protection available?
Listen in as Scott and Angela talk about a unique use of life insurance. Could it be used to help cover your long-term care expenses?
Key takeaways:
• Accelerated Death Benefit
• Tax free care
• How is it priced?
Believe it or not your approach to life insurance may need to be completely different as you near or enter retirement. The conversation may no longer be about making sure the kids are taken care of and the house is paid off. Join Scott and Angela as they talk about a new perspective on life insurance.
• Is life insurance an old, outdated tool?
• Leverage is key!
• Is your money like a Swiss army pocketknife?
Taxes in retirement seem can be extremely complicated! Today Scott and Angela break down the 5-year rule regarding ROTH accounts…most people aren’t aware of.
Key takeaways:
• What is the 5-year rule?
• What does it mean and why does it matter?
• Even more trip wires?
Most people think they’ll be in a lower tax bracket after they retire, but is that true?
This is not a one-size-fits all discussion. Make sure you’re asking yourself the right questions.
Key takeaways:
• Will I really be living on less?
• What about my social security?
• Can I be doing things now that will help me in the long run?
Taxes can be overwhelming in retirement. The good news is you don’t have to try to figure it out yourself. The unfortunate reality is there is no one-size-fits-all solution, but don’t worry. Scott and Angela break it down in an easy-to-understand conversation about tax diversification.
Listen in to learn about the 3 ways your retirement funds can be taxes. Which is better? Tax-deferred, taxable, or taxed no more?
Scott and Angela ask you to shift the way you’ve been thinking about taxes. As we move into retirement, it can be beneficial to shift your perspective about taxes…they could be the single largest expense you will have in your retirement.
Key takeaways:
• Why taxes are important in Retirement?
• Paying less might not mean paying less this year.
• Having a plan could help you pay less over your lifetime.
Most of us have noticed a change in the behavior of the stock market. How do you find your way? Scott and Angela have some great ideas to share. Have you ever heard of a Portfolio x-ray? Tune in to get some ideas that could help you navigate the new landscape.
You've done a good job saving. But how is your money growing... are you on a hamster wheel? Scott shares three different solutions, that you may not know about, that just might be right for you.
There is so much out there when it comes to risk that makes it easy to get what we call “paralysis by analysis.” Should I use this or that? We get so caught up that we end up just resorting to what we think we should do. This is where we come in!
Three takeaways:
• The Best Things Out There
• Using Tools Differently
• Self Management?
It can be an emotional roller coaster when you see the market go up and the market go down. See what Scott and Angela have to say about the advantages of every situation.
Key takeaways:
• Inflation & Interest rates
• Lemons to Lemonade
• Different buckets to do different things
When working on a retirement plan, Scott and Angela don't make a cookie-cutter template that stays the say no matter what happens. You plans needs flexibility, and they discuss the importance of staying nimble in an uncertain retirement environment.
Key takeaways:
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Different buckets to do different things
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Preparing on a sunny day
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Nimble plan in an everchanging landscape
Starting off 2022 strong with a topic on many people's minds: inflation. Will prices stay this high? What can people playing for retirement do to address this growing concern?
Key takeaways:
Is it here to stay?
Supply Chain Chaos…
What can you do about it?
The last podcast of 2021! Scott and Angela look back on their favorite Christmas memories and reminisce on the year.
Key takeaways:
• Never a dull moment.
• That’s my favorite cookie.
• Did Santa fall off the roof?
• So grateful for YOU!
Angela and Scott provide end-of-the-year financial tips to help you finish 2021 strong!
Key takeaways:
• Saving
• Spending
• Giving
Trying to make sense of them market going up and the market going down. Listen to Scott and Angela as they share their insights.
• Headlines
• Omicron
• Groceries & Gas
Why is it important to get money to tax free accounts? When I do a conversion, what do I need to think about? This episode describes ways we need to be cautious.
Three takeaways:
• Cash or Investments
• Don’t get tripped up
• Make it easy
- A Roth Conversion is a taxable event and may have several tax related consequences. Be sure to consult with a qualified tax advisor before making any decisions regarding your IRA.
When do you pay taxes, now or later? How much do you pay? There are ways to help take control of your taxes.
Three takeaways:
• Money IN
• How Much
• Income Rules
When you turn a certain age you are required to take money out of your accounts. These Required Minimum Distributions can become a hamster wheel when it comes to paying taxes.
Three takeaways:
• Income You Make
• Changes Jan2020
• Take Out, Put Back In - Repeat
When it comes to long term care, it is never too early to start planning for it. It is not fun thinking about end of life care, but it is always good to be prepared for when these times come in our life.
Three takeaways:
• More Likely Than Not
• Having a Plan to Move Through
• Let’s Talk About It
One of the things we like doing is helping people understand Medicare. It can be a little bit of an alphabet soup, so let us give you a few things to think about when it comes to this type of care.
Three takeaways:
• Part A Defined
• Part B Explained
• Fixed Menu or Buffet
Some people believe social security is just something you take at retirement. It is important to take time to plan this milestone in life. We put together some of our thoughts that can be useful when getting ready to take social security.
Three takeaways:
• COLA
• Cost of Living Adjustment
• Plan Your Social Security Like You Plan Vacation
Many times we spend more time planning our vacations then strategizing about social security. You need to plan like you are going to live for a long time. These episodes discuss will help you navigate the waters of social security.
For more information on Social Security, visit https://www.ssa.gov/
Just another tool in your tool belt to be used the way you need it. Life insurance can be used in ways you might not know. This episode talks about how to structure life insurance and use it in a way that can benefit your retirement.
Three takeaways:
• Portable Life Insurance
• Paying for Care
• How to Deal with Income Loss
We are taking a break in talking about life insurance to discuss the latest tax changes. The Ways and Means committee of our government have met and proposed some new tax plans. Scott and Angela break down what those plans mean to your retirement.
Three takeaways:
• Plan, Plan, Plan
• Report
• Changes
Scott and Angela share one of their favorite football season snacks: Scott's Famous Buffalo Chicken Nachos!
Ingredients:
1 Family Size bag of Scoops (tortilla chips shaped like a cup)
1 Rotisserie chicken
1 stick butter
¼- ½ cup Franks Red Hot sauce
2 – 16 oz bags of shredded cheddar
Blue cheese dressing (we like Ken’s)
Ranch dressing
Most people are aware of life insurance or even have it. Not many people realize the innovation in the financial industry when it comes to this tool. Join us this month as we explore this tool and share some great insight.
Three takeaways:
• 4 Components
• Types
• How Much Does it Cost?
We end this month of risk talking about a plan. When taking a chance, it is good to pair it with something that keeps you grounded. When you design what you are going to do in retirement, it makes a path for you to follow instead of just winging it.
Three takeaways:
• Making $ Back
• Winging It
• Putting a Plan in Place
People overlook this risk because many times it is an unknown for us. More people need to brave and have the conversation around long term care risk.
Three takeaways:
• What Ifs
• Ease the Burden
• Leverage the Dollar
When looking at your total plan and money in your portfolio, you need to think about exposure. How much $ is exposed to the market and how much is not?
Three takeaways:
• Money Exposure
• Drawing Income
• Percentages
It is easy to look at the upside, but when it comes to risk you need to think about the things that make a difference when you move from spending to saving. When we work, we aren’t really taking $ out of our accounts, so it becomes important to have good strategy when we start to become spenders.
Three takeaways:
• Ups and Downs of the Stock Market
• Becoming a Spender
• Minimize
When it comes to risk, it is really about comfort level. What can you stomach to lose? It is always good to talk about risk when things are going good. This will make you prepared when things are not so great.
Three takeaways:
• Max Risk
• Sick to Stomach
• Bull or Bear
Annuities comes to a close with our last myth. This week we cover care and how this tool can help you solve the care piece of your retirement.
Three takeaways:
• What Care Looks Like
• Long Term Care Events
• Busting the Last Myth
We continue with our myth busting of annuities and we also touch on the confusion around different types of tools and how they work when it comes to taxes.
Three takeaways:
• Tool vs. Taxes
• Insurance Company Myth
• Re-creating Income Myth
We continue with our myth busting of annuities. There are many opinions when it comes to using this tool in your retirement. We are here to take some of those myths and see how we can come to different conclusions, so you might get a different perspective.
Three takeaways:
• Fixed Income Sub
• Higher Upside Potential
• Busting Myths 3 & 4
The world of annuities is a bit of a mystery. They can be used in different ways and we get many questions when it comes to this tool. This month we will focus on the many things we hear about annuities and “bust” some of those ideas in order to get down to how they can be used in retirement.
Three takeaways:
• Understanding Annuities
• Myths You Have Heard
• Busting the Myths
Wouldn’t it be nice to have more money in your pocket and not give it all over to the IRS? This episode discusses how to be aware of the types of accounts you own and what it does to your income, to be able to be more tax efficient.
Three takeaways:
- Mutual Funds
- Re-investment
- Convert taxable $
It takes planning when it comes to taxes. When your life changes, it can take even more planning. No one who is married wants to think about losing a spouse, but when your life situation changes, taxes need adjusting.
Three takeaways:
- Life Changes
- MFJ vs SF
- Tax Rate Changing
When it comes to traveling this year things have been tough. Trips have gotten moved further out and some never even happened we couldn’t get to the places we wanted to go. We know many of you have been dreaming about traveling, so here are some top spots that are recommended now that we can go again.
Three takeaways:
- Local and World
- Weekend Getaway
- Family
The price of good and services has gone up since January. Inflation can be a risk to your retirement. It is good to take a look at this in within the scope of your entire retirement plan. Join us this episode as we discuss ideas for how to deal with inflation.
Three takeaways:
- Grocery Bill
- Ideas
- Standing to Lose
The proposed Biden tax plan can be confusing. What does it mean to the average person? In this episode we talk a little about how this plan is laid out and how you can evaluate your retirement when it comes to the new proposal.
Three takeaways:
- Family Care Act
- Changes Could Happen
- Evaluate Your Plan
Spring has sprung and we hope gatherings will happen soon. We are taking a break from retirement talk to give you a spring dish that your stomach will thank you for. If you are getting together with others, here is a great recipe that your family or friends will enjoy eating!
Three takeaways:
- Passing On Recipes
- Take It to the Next Level
- Leftovers
Click here for the recipe!
Most people do a good job of saving for retirement. Many people have advisors they have use along the way to help them. I tis important to know that when you get to retirement, it is a whole new ballgame. There needs to be organizational components to help you, so all your assets don’t look like things just thrown in a junk drawer.
Key Takeaways:
- Pieces of a Puzzle
- All About the Flow
- Mindset Switch
There are some terms that we just need to dive deeper into and inflation is one. One question we get on a regular basis is “Can you help us now with some planning related to inflation, because we think it could be coming?” This episode is all about things to think about if inflation goes up.
Three takeaways:
- What is Inflation?
- Eroding Values
- How it Creeps Up
The term “trillion dollars” is just normal these days! This is a lot of money, but we hear it now as we talk about the budget and the stimulus packages within the last year. What does this term mean for your retirement?
Key Takeaways:
- Borrowing $
- Fund with Taxes
- Headlines
There is so much out there when it comes to risk that makes it easy to get what we call “paralysis by analysis.” Should I use this or that? We get so caught up that we end up just resorting to what we think we should do. This is where we come in!
Three takeaways:
- The Best Things Out There
- Using Tools Differently
- Self Management?
When thinking about the stock market and your money, it is always good to know how much you can stomach. There will be times in retirement when you have to take money out of your accounts. It is always good to be ready for some different scenarios to know how the market roller coaster rolls down the track.
Three takeaways:
- Money IN vs Money OUT
- The Piece of Paper
- Taking $ Out
Many times we are taught that the rate of return is what matters. When saving for retirement, it doesn’t matter as much as you think. The money we keep is more important than the money we make. Find out more about your Risk Score.
Your retirement plan needs to be flexible when it comes to risk. There are many ways to consider risk. There are a few types of risk we want to share with you, so that you understand what it does to your retirement planning.
Key takeaways:
- Legislative Risk
- Interest Rates
- Inflation Risk
The market can be volatile. It changes and we can’t control the ups and downs. We can control how much we want to participate in the up and down of the market. This means we have to consider our risk and plan for it. You always plan for the rain when it is sunny outside. This means there is no time like the present to assess your risk and adjust your plan.
Three takeaways:
- Look at Layers
- Take Care of Downside
- Learning from Experiences
Last episode we discussed meat on the bone and this week we are going to talk about what you can do with that extra meat. Roth IRA’s are just one opportunity you have when it comes to retirement. Since there are many ways to navigate these accounts, we want to give you a quick overview of how they work.
Three takeaways:
- Roth Myths
- What is earned income?
- Limits & Deadlines
You can get a handle on your taxes! The government controls rates, but there are other things you can control. There are ways to control parts of your income. There are certain accounts that deal with additional savings that can be taxed forever and these are the accounts to look at closely. Also, knowing your tax bracket and how to use it can help you. Taxes are not a year to year project. It is important to look at your tax life journey.
Three takeaways:
- Control Flow
- Tax Bracket Participation
- Tax Life…the Long Game
It is that time of year! It is time for taxes and we want you to consider some things. We are looking at 3 categories and what the money does in each.
Key takeaways:
- Categories to Consider
- Macro vs. Micro
- Benefit the Kids
Income gives us choices in retirement, so we have been spending this month talking about what you need to know when it comes to your income.
Key takeaways:
- Income Review
- Rates of Return
- Risk Diversification
We are continuing to talk about income and what you need to know to help ensure you have what you need each month.
Three takeaways:
- "No Matter What" Income
- Fluctuation Income
- Income strategies to help cover you and your spouse
There is one question that we get from the people we work with over and over.
Three takeaways:
- Define “Enough”
- Want to vs Have to
- Extras
For your copy of the Compass Retirement Budget Worksheet, click here!
It is the start of a new year! There are times when we say, “we will worry about retirement when we get closer to it.” Why not take 2021 to do some planning and get your goals set?
Three takeaways:
- Target Income
- Over Exposed Risk
- More $ in Your Pocket
2020 was a year filled with unexpected elements. Some people are ready to move on from 2020, but at Compass we take time to say thanks. We hope you all blaze new trails in 2021. Merry Christmas and Happy New Year!
Three takeaways:
- Getting Punched in the Face
- Looking Back
- Looking Forward
When it comes to charity, many retirees are not sure how this strategy fits into their planning. There are ways to give back in retirement. Here are some ideas to think about when giving generous donations.
Three takeaways:
- The Pledge
- Common Parts of Trusts
- 2021 & Beyond
It’s December so why not talk about legacy planning! As you spend the end of the year with family over the holidays, it is a great time to think about your legacy and what you want to leave to them. It is also a good gift to give yourself because when you have a plan in place, you feel more prepared in retirement.
We are a week from Thanksgiving and we are reflecting on all the things to be grateful for during this time. We hope going into this week as we head toward Thanksgiving, you all take some time to appreciate what you have even in 2020 when things have been a little challenging.
Three takeaways:
- Concept of Retirement
- Good to Have Income
- Our Freedom is a Gift
Compass Retirement is a place where we like to share our lives with you. We know life isn’t just about retirement. Now more than ever the holidays are a special time. In this special episode Angela share a secret family recipe that you could use for Thanksgiving.
Three takeaways:
- Thanksgiving menus
- Having the Right Ingredients
- Time to Get Cooking
Some people put more planning into the holiday season then they do their retirement. The end of the year is coming and we want you to go through Thanksgiving and Christmas relaxing, not stressing.
Three takeaways:
- Curveballs
- Putting in the Work
- “After the Holidays” Attitude
We are only a week away from the Presidential Election. You need to be prepared regardless of who wins. This is a special episode from Scott talking about things to just think about as we approach the election.
Three takeaways:
- Keep Calm and Carry On
- Look at Market Accounts
- Tax Free Accounts
When thinking about life insurance in different ways, you can get creative. Many people aren’t familiar with the ways you can implement this tool into your overall plan.
Three takeaways:
- Paying for Care
- Activities of Daily Living
- The $ You Don’t Need
Now that you know life insurance can be beneficial in retirement…Did you know there are different types? This episode helps you navigate what type you may need in retirement.
Three takeaways:
- Term Insurance
- Permanent Insurance
- Criteria to Meet
Just another tool in your tool belt to be used the way you need it. Life insurance can be used in ways you might not know. This episode talks about how to structure life insurance and use it in a way that can benefit your retirement.
Three takeaways:
- Portable Life Insurance
- Paying for Care
- How to Deal with Income Loss
Election is at the forefront of many people’s minds. What are things you can do to prepare regardless of who wins?
Three takeaways:
- Unknowns and the Market
- Piece of the Pie
- All About Balance
Medicare can be somewhat confusing. Many people have questions about what Medicare covers. You can take this information and make decisions to customize it for your own situation.
Taxes have a specific way of working when it comes to Social Security. We will talk about what you need to know to keep the most dollars in your pocket.
You paid into it. You should get the most out of it. There are additional benefits that you could get, but you have to know how to get access to those benefits.
Offer:
Get your complimentary
FIFTEEN MINUTE
INTRODUCTORY PHONE
CALL WITH SCOTT
SCHEDULE YOUR CALL!
Link to Calendly: https://calendly.com/info-12024/15mincall
Many times we spend more time planning our vacations then strategizing about social security. You need to plan like you are going to live for a long time. These episodes discuss will help you navigate the waters of social security.
For more information on Social Security, visit https://www.ssa.gov/
Offer:
Get your complimentary
FIFTEEN MINUTE
INTRODUCTORY PHONE
CALL WITH SCOTT
SCHEDULE YOUR CALL!
Link to Calendly: https://calendly.com/info-12024/15mincall
When you look at risk, the key can be organization. Where does the money need to go based on risk of growth and risk of withdrawal? Buckets can be a good way to plan when thinking about risk.
In retirement we go from being a saver to being a spender. When this starts to happen, the market going up and down could mean a lot to your retirement. In this episode, we discuss how taking money out can change your bottom line and how that relates to risk when planning for retirement.
When you see a retirement planner, many times you want to know what it will be like to visit with them. In this episode we discuss our 3 Step Process we use to help you retire with joy, freedom and confidence. This is where the skill and plans take place to make sure you have saved in retirement.
Retirement is all about income because income gives us a choice. The more income you have in retirement, the more likely you are to be successful in achieving your retirement goals. Income equals choice and we all love having choices. Planning your income in retirement is crucially foundational. Listen to us explain what it means to generate income in retirement.
To sign up for our complimentary dinner event, visit https://compassretirement.com/attend-an-event/, or call our office at (817) 328-6152.
Many of you out there have been dreaming of retirement, hoping that one day it would come. One day is fast approaching or for some of you it is here, so what do you want to do in retirement? For some it is filled with grandkids, traveling, or moving to the place you always wanted to live. It is always good to know how much money it will take to support and make these hopes and dreams a reality.
Every individual is different when it comes to how much they will spend in retirement. There is a certain amount we need in retirement just to live. It is good to know your number as you begin to plan your lifestyle for retirement.
Proper tax planning requires awareness of what is new in 2020. There are a lot of changes for retirement plans when it comes to the SECURE and CARES Acts. In our final episode about TAXES knowing these changes can benefit you in retirement.
We all could use a strategy for dealing with our taxes. We continue our series on TAXES with Scott and Angela discussing the keys to when you pay taxes and how that could make a difference in retirement.
Welcome to our first episode of Retire Simply Podcast! Scott and Angela Winstead are a husband and wife duo who share their industry knowledge in a fun and casual way. Listening in can help create a nice foundational knowledge of retirement for anyone in the area. We hope to help by steering the people of our community in the direction of their retirement goals and dreams! Join us the last half of this month for this three-part series on TAXES.