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Save your Retirement with Pat
Patrick A. Strubbe, ChFC, CLU, RFC is the founder and owner of Preservation Specialists, LLC. He has been helping clients with their financial futures since 1997. Pat has been featured as a retirement expert in USA Today and on WIS-NBC TV with Dawndy Mercer Plank. He’s also been featured in Investors Business Daily.
Pat is also the author of the Amazon.com best-selling book, “Save Your Retirement!” Featuring seven nasty villains, Pat’s down-to-earth humor and expertise shines through his Super Retirement Planner’s character. His book is helping many people understand the serious challenges faced by those nearing or in their retirement years.
How to Handle 8 of Retirements Biggest Financial What-Ifs by Save your Retirement with Pat Strubbe
Strategies to Protect Portfolio from Retirement Health Care Costs by Save your Retirement with Pat Strubbe
In construction, the key to a sturdy, long-lasting house is the foundation. The same goes for people seeking to build a solid financial house for retirement: It all starts with a sturdy foundation. This show details the eight pillars — assets, income, protective features and more — that go into building a financial house for retirement that’s not just comfortable to live in but designed to withstand the elements, as changeable and unpredictable as they can be.
Retirement can account for two, three or more decades of a person’s life. As such, retirement can be broken up into three stages – the early active years, a transition period and then the final years. Stages that come with its own unique risks that can easily derail many retirement dreams. Unless of course these risks are accounted for and addressed ahead of time with well-thought-out, straightforward strategies that protect the assets as well as loved ones. This show delves into the unique challenges and opportunities that each of the three stages of retirement presents, with proven strategies for how to prepare for them in advance.
Deciding to retire is one of the biggest steps a person will take in their lifetime. When one part of you is saying, “It’s time,” it’s important to pause and ask, “Am I in a good financial place to retire?” This show will help listeners answer that question for themselves by providing them with eight things they absolutely must know — about the biggest retirement risks, about their income situation, about their assets and how they’re positioned, and more — before they can say with conviction that now is the right time to put the retirement wheels in motion.
Most people get excited when they think about retirement. The time to pursue hobbies, travel, to slow down and smell the roses. But with that next phase in life can come the worry of how to pay for it. The question of whether the investment decisions being made now are the right ones. Will the savings be enough? How to cover the moving targets of healthcare costs? And taxes. These are questions that can undermine anyone’s confidence in their portfolio. Today, to help boost that confidence in retirement savings, we will look at four strategies. Strategies that explore retirement expenses and ways to address them. Strategies designed to help protect savings against risks, known and otherwise, while allowing them to grow and provide the income needed for a long-lasting retirement
Most people get excited when they think about retirement. The time to pursue hobbies, travel, to slow down and smell the roses. But with that next phase in life can come the worry of how to pay for it. The question of whether the investment decisions being made now are the right ones. Will the savings be enough? How to cover the moving targets of healthcare costs? And taxes. These are questions that can undermine anyone’s confidence in their portfolio. Today, to help boost that confidence in retirement savings, we will look at four strategies. Strategies that explore retirement expenses and ways to address them. Strategies designed to help protect savings against risks, known and otherwise, while allowing them to grow and provide the income needed for a long-lasting retirement
Investing for Growth and Income: Why you need both, and how to get them Saving for retirement is one thing. But figuring how or where to invest that money can be quite another. Do you invest for growth or for income? That is, generally speaking, do you invest in stocks or bonds? For most people, historically the answer has come down to where they are relative to retirement: If before retirement, they invest for growth in stocks. If in retirement, they invest for income in bonds. Today’s show takes people beyond that traditional — and perhaps outdated — approach, examining a more evolved strategy in which people could pursue a mix of growth and income to help their portfolio last as long as they do in retirement.
Every other day it seems like there are new ways to help us stay healthy: practicing yoga, taking fish oil or turmeric supplements, solving Sudoku puzzles, the list goes on. And as we get older - and perhaps face a couple more wrinkles or aches and pains - many of us tend to pay more attention to these tips in an effort to maintain and even strengthen our overall physical wellness. But what about our financial wellness? Have you looked at your cash flow lately? How about your assets? Are they strong enough to last as long as you do? Today on the show we’ll look into doing just that. We’ll get into some simple steps people can take to first assess the health of their finances, then to strengthen their personal finance balance sheets. This will include ways to boost savings now as well as help cover health care costs down the road. So that even when setbacks pop up in retirement years, they’ll know their financial balance sheet has their backs.
Thinking about, let alone planning for the death of a loved one is something many of us choose to set aside for later — or maybe never. But what if that person is the household’s breadwinner? How would you replace that paycheck, even in the short term? How will the bills get paid? To the point, will your family be okay if something happens to their breadwinner? Today, we’ll walk our listeners through realistic steps that not only prepare the family financially for the “what if’s” of life, but build a well-rounded financial strategy for the long term, one that allows them to stay the course financially, even if the face of an unforeseen serious turn in the health of a key income source.
Most people are familiar with the concept of diversification as it applies to their assets — spreading money across stocks, bonds, cash, etc., so all your eggs aren’t in one basket. What many don’t know is that with retirement looming on the horizon, they need to consider several different levels of diversification to give their assets a better chance of providing enough income to last throughout retirement. This show walks listeners through each of the four levels of diversification — across assets classes, within asset classes, in the tax profiles of their assets, and in the income sources they’ll rely upon during retirement — providing them with steps to help ensure their assets are appropriately diversified for the next phase of life.
You know you need to save money for retirement. And you have been, maybe not as much as you should be, but you’ve been saving. Yet a nagging question remains: have you been saving in a way that will enable your money to last as long as you need it to? Even with market volatility, or if inflation or taxes shoot up? Even if you or your spouse gets sick? Those are hard questions to answer, but if your current portfolio could be significantly impacted by one (or more than one) of those events were to happen once you retire, wouldn’t you want to make changes now to fix those issues? Before they become a problem? And while you can’t plan for everything, there are ways Design a plan for better flexibility, resiliency, longevity. And that’s on the agenda for today: key investment strategies that designed to build flexibility and resiliency into your portfolio now so it can last as long as you do.
There are some things that just go together. Like peanut butter and jelly. Cookies and milk. How about retirement savings and risk? Now that combination sounds the alarm for many people. But do you really know how much risk is in your portfolio? Do you know what would happen to your savings if interest rates spiked or international stocks dropped? What risks would your portfolio and therefore your retirement plan be exposed to by such market moves or other events outside of your control? This show walks listeners through ways to analyze your portfolio from a risk perspective. The importance of categorizing your investments so you can understand their risks given different market scenarios. And what you can do now to minimize those risks and keep your plans for retirement on track.