The Retirement Matters Show: Recent Episodes
Dale Smothers
Helping listeners Save Money, Plan Well and Live Happy in retirement, one conversation at a time! Live YOUR retirement without compromise!
On this episode of The Retirement Matters Podcast, we go into a quick brain teaser that actually plays a little bit of a role into understanding the complexities of retirement planning. Deeper into the show, we discuss what consolidation is inside of retirement planning, and why it may make sense for you if you have worked in a lot of different places, you may find yourself with a lot of different types of accounts that need to be brought all under one clear and easy to understand plan, and sometimes that means consolidating accounts altogether. Just like everything we recommend on our show, this decision to consolidate needs to be taken into effect with an overall plan and you need to be working with an advisor- if you would like a second set of eyes on your plan with someone who specializes specifically in retirement income phase, we would be happy to assist you with that! Call our office at 270-600-PLAN. We're here to help and happy to help!
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Always remember to Save Money, Plan Well and Live Happy in retirement.
On this episode of the Retirement Matters Podcast, we go into dividend investing, what it means in and a couple of myths around dividend investing. Things you need to be aware of before you go down that journey, and while we believe that it takes a lot more than just investing in strong dividends to make an income portfolio work, we talk a lot about the volatility of the stock market on this show and you don't want to miss it!
It's not about how much money you make, it's about how much you keep!
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Always remember to Save Money, Plan Well and Live Happy in retirement.
On this episode of The Retirement Matters podcast, we make this show a little fun and discuss how retirement planning resembles March Madness! We use a little analogy on progression through the bracket, and how you should be progressing through your retirement years. Stay tuned to the end of the show-you’re not gonna want to miss it!
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Always remember to Save Money, Plan Well and Live Happy in retirement.
On this episode of the Retirement Matters Podcast, we jump into what Dale calls the Mr. Miyagi theory to retirement planning! We have recently written an article that has been picked up by one of the nations leading financial publications, Kiplinger magazine, and in the process of publishing that article! The article is called The Risk on Risk off Portfolio! Something we called the Mr. Miyagi portfolio because of the reference to wax on wax off. In this case, it is risk on risk off. We believe that every retirees income phase needs to have a portfolio that is built around this idea of somebody going with market volatility ups and downs, while we try our best to eliminate or mitigate downside. This is considered our risk on position and then we want some money that has absolutely no chance of downside, which is what we would consider a risk off position. In the show we go a little bit deeper in detail and as you can imagine we’ve titled the show what does Mr. Miyagi have to do with retirement planning? We hope you enjoy!
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Always remember to Save Money, Plan Well and Live Happy in retirement.
On this episde of The Retirement Matters Podcast, we start with a very powerful positive focus and this positivity goes into a racing analogy that applies to life as well! We then go into discussing the highflying stock like Nvidia and whether or not a retiree should be partaking in those types of stocks in a well balanced retirement income plan. You don't want to miss this show! Stay tuned into the last segment where we discuss a story that equates your retirement income plan to a commercial airline flight path!
It's not about how much money you make, it's about how much you keep!
If you have questions or looking for guidance give our team a call at 270-600-PLAN!
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Always remember to Save Money, Plan Well and Live Happy in retirement.
On this episode of The Retirement Matters Podcast, we dive into taxation and how it can impact your overall retirement plan! We list off some of the key TAXES that you may face during retirement and explain how mitigating those as much as possible sometimes requires it's own unique set of tools during the INCOME phase of your retirement journey- BUT, that's where RDS comes in! As you enter into retirement (income phase), be sure you are talking to an income advisor, someone that specializes in retirement and the income phase- especially someone that gives you guidance around taxation in retirement! We are here to help!
It's not about how much money you make, it's about how much you keep!
If you have questions or looking for guidance give our team a call at 270-600-PLAN!
Join our Newsletter here!
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Always remember to Save Money, Plan Well and Live Happy in retirement.
We're back again with one of our favorite shows- a show where we answer questions from our listeners! On this episode of The Retirement Matters Podcast, we have an array of questions that have come in over the last few months from the community involving several different scenarios and we like to answer those over the podcast because we believe that some of you may have similar questions and these answers may help you in your own situation! Tune in to today’s podcast to hear a team member of RDS Wealth (Whitney) as she brings a few questions to the table for Dale to address.
Tip: It’s not about how much money you make, it’s about how much money you keep!
If you have questions or looking for guidance give our team a call at 270-600-PLAN!
Join our Newsletter here!
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Always remember to Save Money, Plan Well and Live Happy in retirement.
On this episode of The Retirement Matters Podcast, we do a little bit of a deep dive around interest rates. We go very deep for a radio show and how there is a correlation between interest rates and price of bonds and we even give you a visual, but I hope you can see as you’re listening to this on how those two relate to one another. We discuss the impact of what an interest-rate move up or down by the Fed can due to a stock that you may own and then, as we go into the show a little deeper, we discuss why it’s important to have a purpose in Retirement!
We're here to help and happy to help!
If you have questions or looking for guidance give our team a call at 270-600-PLAN!
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On this episode of The Retirement Matters podcast, we discuss what is going on in the stock market right now, the last week of January 2024. We're seeing some all-time highs be reached in the stock market this month and with these all-time highs, perhaps there are some opportunities that lie inside of your retirement account- so we asked the question how is your retirement account looking after 2023 with one month down and 11 months to go in the year 2024 and are you close to Retirement? If so, should you be making some adjustments?
We're here to help and happy to help!
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This episode of the Retirement Matters podcast, we talk to you about Roth IRAs. We take a minute to build up our explanation of why we believe taxes will increase, and why retirees should be planning for a higher tax environment when they retire in the future. With this knowledge, we make recommendations based off of a retirees goals. There are a lot of times, where CPAs or other advisors even may say, let’s invest your money into an IRA or to your 401(k) when in reality, they should be looking at it more holistically, especially as we approach the Retirement Income phase and begin to plan for retirement income. It doesn’t really matter how much money your investments make it’s all about how much money you get to keep! That’s why at RDS Wealth, we believe in a well written tax plan- understanding what you will be paying, where that money will come from and ultimately is there any savings to be had by doing some moves now and filling up the existing tax bracket you find yourself in. We're here to help and happy to help! Give our team a call!
If you have questions or looking for guidance give our team a call at 270-600-PLAN!
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On this episode of The Retirement Matters Podcast, we have a very special guest joining us in studio- Mr. Andrew Smothers. Andrew is Dale's 7 year old son and he is so exicted to be joining us today! On this episode, Andrews youth- his innocence as a child is used to illustrate a few incredible things, even something that can be relatbale to you in the retirement world! Something that can sound really cool or 'neat' to have, but may not exactly be the BEST thing for you at this time and place or situation you're in. We hope you enjoy the show!
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Always remember to Save Money, Plan Well and Live Happy in retirement.
On this episode of The Retirement Matters Podcast, our objective is clear. Dale brings clarity to you around NOT chasing returns. We want to be sure that our listeners are not out seeking the highest rate of return possible without understanding exactly what it is they need the stock market to do for them, and with that we introduce a few stories and a couple analogies. Of course we do our pause for positivity to give some insight. If there is anything we can do for you as you are listening to this podcast today, we want to extend our services to you as an offer to sit down with someone on our team!
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Always remember to Save Money, Plan Well and Live Happy in retirement.
On this episode of The Retirement Matters Show, Dale brings education to you around 'reactions to the stock market' and what it can entail. Recently, there have been a lot of questions come our way regarding the market- wondering if they should act and get in now. Our goal in this show is to help educate the listener on whether or not they should be 'reacting' to what’s going on in the market. With that being said, whether the market is good or bad, don't overreact. Just because the stock market does what the stock rises/falls does not always require a reaction from you and a lot of times what we physically and emotionally want to do is the wrong decision because of an overreaction.
If you have questions or looking for guidance give our team a call at 270-600-PLAN!
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On this episode of The Retirement Matters Show with Dale Smothers, we're excited to bring to you our NEWER show called 'Best Of'! Dale brings to you the best versions of some of our favorite segments we’ve done throughout our podcast and he does a quick recap of them. If you're new to the show, this will be a great chance for you to learn what our show is all about and for some you, this will will be a little refresher OR maybe even a few clips that you haven't heard before. Our objective is to bring you all the highlights from our best segments over the past year for you to enjoy!
If you have questions or looking for guidance give our team a call at 270-600-PLAN!
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On this episode of The Retirement Matters Podcast, we do a deep dive into the income plan, talk a little bit about the investment plan and then at the very end hit on our tax planning strategies for most retirees. Every retirement plan is built differently, because every retirement plan is unique to the individual we're building it for, however it’s very imperative that an individual going into retirement has clarity around how much money they need, that their investments are built to be able to generate that money and then of course, that their tax plan is built to deliver that money or get that money to them as efficiently as possible! A great show we have in store for you today, we hope you enjoy!
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On this episdoe of the Retirement Matters Podcast, Dale talks with you about the baseline plan of record! We did a show recently where we reference the baseline plan of record and today he brings this to you in detail. He goes through what it takes to build a true baseline plan of record for all five areas that you will face in retirement including: investment planning, tax planning, healthcare planning and legacy planning. This is a power packed show and if you have not heard about a baseline plan of record and you're not working with an advisor who has built a baseline plan of record for you AND you’re over the age of 59 1/2 you need to give our team a call! 270-600-PLAN.
Tip: It’s not about how much money you make, it’s about how much money you keep!
If you have questions or looking for guidance give our team a call at 270-600-PLAN!
Join our Newsletter here!
Visit our Website here!
RDS Wealth Instagram here!
RDS Wealth Facebook here!
Always remember to Save Money, Plan Well and Live Happy in retirement.
We're back again with one of our favorite shows- a show where we answer questions from our listeners! On this episode of The Retirement Matters Podcast, we have an array of questions that have come in over the last few months from the community involving several different scenarios and we like to answer those over the podcast because we believe that some of you may have similar questions and these answers may help you in your own situation! Tune in to today’s podcast to hear a team member of RDS Wealth (Whitney) as she brings a few questions to the table for Dale to address.
Tip: It’s not about how much money you make, it’s about how much money you keep!
If you have questions or looking for guidance give our team a call at 270-600-PLAN!
Join our Newsletter here!
Visit our Website here!
RDS Wealth Instagram here!
RDS Wealth Facebook here!
Always remember to Save Money, Plan Well and Live Happy in retirement.
On this episode of The Retirement Matters Show with Dale Smothers, we're excited to bring to you a brand NEW show called 'Best Of'! Dale brings to you the best versions of some of our favorite segments we’ve done throughout our podcast and he does a quick recap of them. If you're new to the show, this will be a great chance for you to learn what our show is all about and for some you, this will will be a little refresher OR maybe even a few clips that you haven't heard before. Our objective is to bring you all the highlights from our best segments over the past year for you to enjoy!
If you have questions or looking for guidance give our team a call at 270-600-PLAN!
Join our Newsletter here!
Visit our Website here!
RDS Wealth Instagram here!
RDS Wealth Facebook here!
Always remember to Save Money, Plan Well and Live Happy in retirement.
On this episode of The Retirement Matters Podcast, Dale brings to you a really neat analogy of how the market works. He talks about a five sided coin! We know this coin has a certain number of heads and a certain number of tails, and just because you get a bad flip every so often doesn't mean you stop playing the game. Especially since the odds are so much in your favor. The stock market works very similarly!
If you have questions or looking for guidance give our team a call at 270-600-PLAN!
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Always remember to Save Money, Plan Well and Live Happy in retirement.
On this episode of The Retirement Matters Podcast, Dale talks with you about a 72T and a rule of 55 distribution. These two distributions are both used for the same purpose but in different applications. They’re both designed to allow you to get to your money earlier than 59 1/2 but without penalty. However, both of them should be considered a last alternative if it all possible. Whether or not these rules are for you should be determined the inside of a well written retirement plan! That’s why we bring this information to you. Understanding a little bit about this could potentially prompt you to discuss things with your financial advisor. With that being said, if you are working with someone already and this information hasn't been brought to you proactively...you may be working with a growth advisor. This is NOT to scare you, it just may be time to transition to an income advisor that specializes in income during retirement.
If you have questions or looking for guidance give our team a call at 270-600-PLAN!
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Always remember to Save Money, Plan Well and Live Happy in retirement.
On this episode of The Retirement Matters Show, Dale talks with you about exactly what it means when you see a percentage rate of return, followed by APY. This becomes very important for savers, especially now as interest rates begin to climb into the fives and even the sixes on some short term investment vehicles that we’re seeing out there! You will see these investment 'vehicles' or contracts that will often display a rate of return that sometimes can become confusing when comparing one to the other. They are utilmately there to 'grow' your money but, today, Dale will provide some clarity around the details inside of those contracts and what a percentage rate of return followed by APY really means.
If you have questions or looking for guidance give our team a call at 270-600-PLAN!
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Always remember to Save Money, Plan Well and Live Happy in retirement.
On this episode of The Retirement Matters Show with Dale Smothers, Dale tells you a story of a time that he and his family went to Disney World where they were left without a map and the result of that visit to Disney World was not as optimal as it would’ve been had they had a map! He relates that story to retirement planning and explains the importancy of a map and a plan during retirement! That's why we have our ATLAS! Our detailed atlas provides you with carity around where you want to go and how to get there along with giving you the ability to truly live an optimal retirement!
If you need a roadmap, we have the ATLAS!
If you have questions or looking for guidance give our team a call at 270-600-PLAN!
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Always remember to Save Money, Plan Well and Live Happy in retirement.
On this episode of The Retirement Matters Podcast, Dale discusses something with you that is near and dear to his heart. Our ATLAS. RDS Wealths process that we take every single retiree through.. starting with your income planning, follwowed by investment planning, tax planning (how we can save you money in taxes in retirement), healthcare planning and lastly, legacy planning (making sure that money is left to those you care about the most). Our retirement ATLAS is our trademarked process that allows YOU to have a map when you retire. A map that will give you clarity around where you want to go and how to get there along with giving you the ability to truly live an optimal retirement!
If you need a roadmap, we have the ATLAS.
If you have questions or looking for guidance give our team a call at 270-600-PLAN!
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Always remember to Save Money, Plan Well and Live Happy in retirement.
On this episode of the Retirement Matters Podcast, Dale explains how important a MAP can be during retirement by using parallels to a story based around Disney World! During the retirement income phase, it will be difficult to live an optimal retirment and know exactly where you'll end up while being free of worry without a MAP! There are a lot of decisions to make during this phase and any wrong turn can be detrimental to your entire plan. RDS Wealth is here to help build YOUR map and unfold it right in front of you- that’s who we are. We're here to build the roadmap you need for the five key worlds of retirement- those being investment planning, tax planning, income planning, healthcare planning and legacy planning! Don't go through retirement without a map- let us help you! 270-600-PLAN.
If you have questions or looking for guidance give our team a call at 270-600-PLAN!
Join our Newsletter here!
Visit our Website here!
RDS Wealth Instagram here!
RDS Wealth Facebook here!
Always remember to Save Money, Plan Well and Live Happy in retirement.
We're back again with one of our favorite shows- a show where we answer questions from our listeners! On this episode of The Retirement Matters Podcast, we have an array of questions that have come in over the last few months from the community involving several different scenarios and we like to answer those over the podcast because we believe that some of you may have similar questions and these answers may help you in your own situation! Tune in to today’s podcast to hear a team member of RDS Wealth (Whitney) as she brings a few questions to the table for Dale to address.
Tip: It’s not about how much money you make, it’s about how much money you keep!
If you have questions or looking for guidance give our team a call at 270-600-PLAN!
Join our Newsletter here!
Visit our Website here!
RDS Wealth Instagram here!
RDS Wealth Facebook here!
Always remember to Save Money, Plan Well and Live Happy in retirement.
On this episode of The Retirement Matters Podcast, Dale talks about the number one question you need to know the answer to and that is how much income will you need in retirement! From there, a good retirement advisor should be able to structure a plan that not only tells you how long that money will last, but perhaps maybe even save you from some major market corrections that are sure to come your way if you live long enough. Structuring this plan in a way where you know where you’re going is key- you can’t hit a target if you can’t see the target and that is why it’s important to adjust and fix your eyes on a specific income target! Too many retirees are going into retirement, not knowing what their income goals are, and for that reason they will likely never achieve the type of retirement they have always imagined. They will likely live what we call the ‘what if’ retirement which leads to them never spending all of their money or at least not the amount of money they could have spent! Don't live a 'what if' retirement- our team can help you!
If you have questions or looking for guidance give our team a call at 270-600-PLAN!
Join our Newsletter here!
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Always remember to Save Money, Plan Well and Live Happy in retirement.
On this episode of The Retirement Matters Podcast, Dale goes into two stories- the first one being about a positive mindset and inward reflection. Always making sure that you’re helping people in the right way! The second story brings an analogy between a car battery pack and the protection you need you need to put on your income during retirement years! In order to make sure your retirement is EVERYTHING you've imagined it to be- we must have protection. Don't wait until the storm comes before you buy an umbrella.
- It’s not about how much money you make, it’s about how much money you keep!
If you have questions or looking for guidance give our team a call at 270-600-PLAN!
Join our Newsletter here!
Visit our Website here!
RDS Wealth Instagram here!
RDS Wealth Facebook here!
Always remember to Save Money, Plan Well and Live Happy in retirement.
We're back again with one of our favorite shows- a show where we answer questions from our listeners! On this episode of The Retirement Matters Podcast, we have an array of questions that have come in over the last few months from the community involving several different scenarios and we like to answer those over the podcast because we believe that some of you may have similar questions and these answers may help you in your own situation! Tune in to today’s podcast to hear a team member of RDS Wealth (Whitney) as she brings a few questions to the table for Dale to address.
Tip: It’s not about how much money you make, it’s about how much money you keep!
If you have questions or looking for guidance give our team a call at 270-600-PLAN!
Join our Newsletter here!
Visit our Website here!
RDS Wealth Instagram here!
RDS Wealth Facebook here!
Always remember to Save Money, Plan Well and Live Happy in retirement.
On this episode of the Retirement Matters Podcast, we use a lot of analogies for a lot of different things. We start with a pause for positivity all about letting go of your troubles and your problems. It’s a powerful tool to use. If it’s not for you today it will be for you at some point in your life! We talk about the looming possibility of a major setback in the commercial real estate market, how it could impact the stock market- the US stock market. From there we go into what you need to be doing to build the retirement plan to weather the storm. Don’t put all your eggs in one basket! We hope you enjoy the show!
A worry free retirement is something everyone can achieve. We want to show you how!
If you have questions or looking for guidance give our team a call at 270-600-PLAN!
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Always remember to Save Money, Plan Well and Live Happy in retirement.
On this episode of The Retirement Matters Podcast, we bring to you the definition of holistic planning. Our goal with this episode is to show you exactly what it means to have a comprehensive plan as opposed to just a portfolio of stocks, bonds and mutual funds. A lot of people are working with advisers along their retirement journey who are really good at picking the stocks or maybe they’re not that good and they’re just handing it off to someone else who is! At the end of the day, you’ve got to make sure that Advisor is well equipped to build the ENTIRE plan and not just the investment plan- which is one of the FIVE planning pieces you need to be implementing in this phase of your life.
A worry free retirement is something everyone can achieve. We want to show you how!
If you have questions or looking for guidance give our team a call at 270-600-PLAN!
Join our Newsletter here!
Visit our Website here!
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Always remember to Save Money, Plan Well and Live Happy in retirement.
On this episode of The Retirement Matters Podcast, Dale brings some clarity around one of the most popular questions, 'Do I have enough money to retire?' He gives guidance on how to find the answer to that question and what it means to have a 'cash flow analysis' for your own personal retirement journey. Dale explains in detail what a cash flow analysis should look like and what a pivitol piece it plays inside your retirement INCOME plan. If 'do I have enough money to retire?' is a question you have regarding your own situation, let us help provide the clarity you desire! Call our team at 270-600-PLAN and we'll be happy to guide you in the right direction.
A worry free retirement is something everyone can achieve. We want to show you how!
If you have questions or looking for guidance give our team a call at 270-600-PLAN!
Join our Newsletter here!
Visit our Website here!
RDS Wealth Instagram here!
RDS Wealth Facebook here!
Always remember to Save Money, Plan Well and Live Happy in retirement.
On this episode of the Retirement Matters Podcast, Dale comes to you with the understanding that Roth conversions could very easily help you in the tax planning category of your retirement plan! At the end of this episode, after spending a lot of time on taxation, he actually hits very strongly, the other five worlds of retirement income planning in addition to tax planning, and why you have to be very efficient in all five worlds. Just like most of the other episodes that we have on this podcast, this particular episode comes to you from a recent radio show that we’re doing in south-central Kentucky, North Central Tennessee. We love serving that community, but we are more than happy and more than able to help the listeners of this podcast. We love hearing from you if you have any feedback on the shows or anything that you would like to add, we’d be happy for you to give an honest review and some feedback on what you’d like to hear more of on the show!
A worry free retirement is something everyone can achieve. We want to show you how!
If you have questions or looking for guidance give our team a call at 270-600-PLAN!
Join our Newsletter here!
Visit our Website here!
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Always remember to Save Money, Plan Well and Live Happy in retirement.
In this episode of The Retirement Matters Show, Dale talks to you about a frightful, four letter word... RISK. Risk is a particular word that can be detrimental to a lot of retirees who have not built a plan. It is the fear that we hear about when starting to build a plan with a lot of retirees, but if used correctly, it could be exactly what we use inside of the plan to make all of our dreams come true by building the proper income plan. Knowing exactly how risk will benefit us and what amount of risk is needed to get to where we are desiring to be, we can put together a perfect mix portfolio of stocks, bonds, mutual funds and some insurance products- whatever it takes for our client to feel at peace and the ability to live a life free from the worries of running out of money, allowing them to spend more time and money on and with the people they care about and less time worrying about the stock market.
A worry free retirement is something everyone can achieve. We want to show you how!
If you have questions or looking for guidance give our team a call at 270-600-PLAN!
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Always remember to Save Money, Plan Well and Live Happy in retirement.
On this episode of The Retirement Matters Podcast, Dale discusses whether or not you should be in a 401(k) when you retire. It is very unlikely that people should be retiring with all of their money in a 401(k)- most of us will need to employ an IRA instead! Dale is going to talk to you about 401k's, about the pros and cons, how they started, when they started, why they started and what you should doing if you are approching the age of 59 1/2, you are approaching retirement, or you have already retired and you still have a 401(k) as opposed to the IRA.
If there are details about this in your own situation that seem a little fuzzy, we hope to clear that up inside of this podcast. If you’re still a little confused, or you know you need help, we would love to help you! Call our team at 270-600-PLAN and we'll be happy to guide you in the right direction.
A worry free retirement is something everyone can achieve. We want to show you how!
If you have questions or looking for guidance give our team a call at 270-600-PLAN!
Join our Newsletter here!
Visit our Website here!
RDS Wealth Instagram here!
RDS Wealth Facebook here!
Always remember to Save Money, Plan Well and Live Happy in retirement.
On this episode of the Retirement Matters Podcast, Dale brings to you the information you need on how to invest wisely and what your mindset needs to be the closer you get to your retirement destination! He uses an analogy of football a lot on this show and he brings it back full circle by asking a question at the beginning of the show. This trivia question is answered around the second section of the show where he then brings back the analogy of- the closer you get to the end zone- those plays need to change and evolve in order to accomplish the objective. It’s not that one particular play is better than the other, just like its not that one investment is better than the other- it’s all about where you are in position of the field and what play needs to be called for that particular mission. When you reach the retirement 'redzone', your play calling aka ‘investments’ need to change. This is a great analogy to help you realize how important your plan is the closer you get to retirement!
A worry free retirement is something everyone can achieve. We want to show you how!
If you have questions or looking for guidance give our team a call at 270-600-PLAN!
Join our Newsletter here!
Visit our Website here!
RDS Wealth Instagram here!
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Always remember to Save Money, Plan Well and Live Happy in retirement.
On this episode of the Retirement Matters Podcast, Dale brings to you a recent radio show he did from a few weeks back where he discussed 2 main things you need to be looking at in your retirement journey, especially as you get closer to the date of retirement! Dale talks often about the growth and income phase - and how working with the wrong person or the wrong firm during the ‘income’ phase can jeopardize your chance at living a life of ‘significance’. The beginning of this episode is about living a life of significance and how you can make that happen a little more easily while the end of the show, Dale brings to you, two specific ways you can manage your current portfolio that will allow you a higher chance of living that life of significance. We want you to be retiring without worry! At RDS Wealth, our entire goal is to build a plan that brings you the freedom and flexibility, the time and desire to get out and spend all of your money on and with the people you care about. We want to help you build a life of significance!
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Always remember to Save Money, Plan Well and Live Happy in retirement.
On this episode of The Retirement Matters Podcast, Dale shines a little bit of light and brings clarity to the topics discussed in LAST weeks show with financial expert- Tom Hegna. Take a listen to last weeks show if you haven’t already! Last week you heard Toms belief around an OPTIMAL portfolio and how it should always include an annuity. We’ve received numerous phone calls and messages regarding that belief and because of that, Dale wants to provide clarity around our process at RDS Wealth and explain how to know if an annuity is right for you and your retirement journey.
This show will be beneficial to those of you who are ‘savers’ or the ones looking for the ‘upside’ in the market but you’re really concerned with what the market is doing right now. Dale discusses 4 different ways that you can save money and put money to work in a safe way- without worrying about losing your principle.
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Always remember to Save Money, Plan Well and Live Happy in retirement.
On this episode of the Retirement Matters Show, we have something exciting in store for you! Dale plays a few clips and speaks around a podcast recorded a couple weeks ago where he had the honor of speaking with a very influential individual in the retirement income planning space, Tom Hegna- a retirement expert, author and speaker. (We will launch that full podcast soon). Tom breaks down 5 steps in detail from his book Don’t worry, Retire Happy and Dale summarizes those steps today to make it easy to understand. Our goal is to simplify the complex in everything we do and we hope we can do that for you if you are in need of retirement income planning.
Don’t worry, Retire happy is a best selling book and a staple read that would be beneficial if you’re close to retirement age!
A worry free retirement is something everyone can achieve. We want to show you how!
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Always remember to Save Money, Plan Well and Live Happy in retirement.
In this episode of the retirement matters show, Dale talks about the importance of setting down with an INCOME advisor and what it means to have a strategic plan built for your retirement journey.
One of the largest key pieces to a true retirement income plan is Social Security and there will come a time where you will need to begin (if not already) working with an income specialist that talks with you about Social Security and how it will affect your overall plan. Knowing when and how to take Social Security is one of the most important choices you will face when retiring. You don’t have to do this alone! Our team is here to help you build the plan that meets your dreams and your goals in order for you to live an optimal retirement.
A worry free retirement is something everyone can achieve. We want to show you how!
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Always remember to Save Money, Plan Well and Live Happy in retirement.
We're back again with another episode of answering questions from our listeners! On this episode of The Retirement Matters Podcast, we have an array of questions that have come in over the last few months with all the market volatility and we've decided to answer those over the podcast because we believe that some of you may have similar questions. Tune in to today’s podcast to hear a team member of RDS Wealth (Whitney) as she brings a few questions to the table for Dale to address.
Tip: It’s not about how much money you make, it’s about how much money you keep!
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Always remember to Save Money, Plan Well and Live Happy in retirement.
On this episode of The Retirement Matters Show, we spend a great deal of time discussing a very common but overlooked strategy called the spousal benefit when claiming social security. Knowing when and how to take social security is one of the most important choices you will face when you're retiring. You can't do this without putting this into a plan-you can’t make an accurate decision on just about anything without having a formal plan. We call that the base plan of record. From there, we can run a cash flow analysis on any of the other decisions you may want to make - can you pull more money? Should you pull less money? Should you work a little bit longer? When should you take social security? All of that is answered by implementing a plan- proper planning prohibits for performance. If you are not making financial decisions based around a financial plan, then you may actually be planning to fail. You only have ONE chance at this thing we call retirement and if you would like a second opinion on how to do that properly, we would love an opportunity to do so.
A worry free retirement is something everyone can achieve. We want to show you how.
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Always remember to Save Money, Plan Well and Live Happy in retirement.
On this episode of the Retirement Matters Podcast, we discuss ways to make your retirement a little bit easier. When you retire, you will be faced with several “next steps” to get you where you want to be. One way you can make those steps a little easier is by calling a firm that specializes in retirement income planning, like ours, RD Smothers Wealth Management. When you do this, rather than having to walk each step alone in your proverbial “staircase” towards retirement- it’s almost like calling yourself an elevator. Calling the elevator is a much easier way to get to the top! As a result, you spend a lot less energy climbing or worrying that you are going the right way, and you can spend that energy on things you care about. And for those of you who consider yoursleves 'do-it-yourselfers', we mention by name a few specific steps that you will encounter along this proverbial retirement staircase. It is our hope that you will be prepared for these steps as you encounter them and as always know that we are here to assist you should you find yourself tired of climbing alone. Enjoy the show! A worry free retirement is something everyone can achieve. We want to show you how.
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Always remember to Save Money, Plan Well and Live Happy in retirement.
On this episode of The Retirement Matters Show, we talk about the specific and very unique decisions you will be making as you approach retirement. Especially as you’re getting ready to retire, there are some things you need to be thinking about and addressing that you've probably never considered before. They’re not financial at all. They’re more emotional. We talk about those closer to the end of the show. At the beginning of the show we talk about not comparing yourself-and that also being emotional- is necessary as you plan for retirement. You can not compare yourself to friends, relatives, or your co workers. Your specifics,your situation, your financial plan are all different than any of those individuals. At RDS Wealth, we believe you don’t have to be rich to live rich as long as you're not comparing yourself to others. If you’re not doing that, then you have the ability to live a rich life with the money and the opportunities you have been granted.
A worry free retirement is something everyone can achieve. We want to show you how.
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Always remember to Save Money, Plan Well and Live Happy in retirement.
In this episode of The Retirement Matters show, Dale discusses how there are multiple different tools you should be using to achieve your retirement success. He uses a golfing analogy to explain exactly how using the right tools in your retirement journey can be extremely important and If you’re not using the right tool, the chance of success is very slim.
The backend of retirement is extremely specialized to what you need and that 5 years or fewer away from retirement should be a place where you’re working with a retirement specialist who is well equipped with the right tools to build the retirement income you need. Liken that to golf, determining which club to use depending on where you are on the course determines your success in the game.
We would love to help you be your Master in retirement income- when you are on the proverbial green or you are in a green side bunker, and you’ve found that you’re just not right where you want to be- needing a way out- we can help you understand the path forward. We are masters with the sand wedge and the putter when it comes to retirement income.
A worry free retirement is something everyone can achieve. We want to show you how.
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Always remember to Save Money, Plan Well and Live Happy in retirement.
In this episode of The Retirement Matters Podcast with Dale Smothers, Dale uses a golfing analogy to help you understand why it’s necessary to use different investment strategies as you progress along your retirement journey.
Just as it’s necessary to switch from a driver to a putter once you have landed your ball on the green, it is equally as important for you to be using a different mindset and an entirely different set of investment tools as you get closer to your retirement date.
Everyone desires a successful retirement, but until you realize where you are along your unique journey, it will be difficult for you to plan properly for the next steps, you should be taking.
A worry free retirement is something everyone can achieve. We want to show you how.
Tip: It’s not about how much money you make, it’s about how much money you keep!
If you have questions or looking for guidance give our team a call at 270-600-PLAN!
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Always remember to Save Money, Plan Well and Live Happy in retirement.
This episode of The Retirement Matters Podcast is unlike any show that we've brought you before. On this episode, we have an array of questions that have come in over the last few months with all the market volatility and we've decided to answer those over the podcast because we believe that some of you may have similar questions. Tune in to today’s podcast to hear a team member of RDS Wealth (Whitney) as she brings a few questions to the table for Dale to address.
Tip: It’s not about how much money you make, it’s about how much money you keep!
If you have questions or looking for guidance give our team a call at 270-600-PLAN!
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Always remember to Save Money, Plan Well and Live Happy in retirement.
In this episode of The Retirement Matters Podcast, Dale talks about alternatives to saving money at the bank. Dale discusses ways you can save money in other institutions or different classes of institutions. The banks are great and safe places to put money, but when you reach a certain level of money at the bank, it may be a wise decision to start looking at alternatives that bring you equivalency in safety and perhaps even tax efficiency as you begin to save more towards your goals!
Remember- it's not about how much money you make when saving, it's about how much money you keep!
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Always remember to Save Money, Plan Well and Live Happy in Retirement.
In this episode of The Retirement Matters Show with Dale Smothers , Dale talks about how banks fail, why they fail and he uses the SVB failure in 2023 as an example. The most recent bank failures have caused savers to realize that banks are, indeed, a for-profit-business! To seek their profits, rather than putting our money in their vaults, they will invest our money in risky propositions.
While those risky investments are mostly balanced by very safe investments, it is possible for the bank to see itself upside down in environments like the ones we are facing today, especially with a 'run on the bank'. If this happens, the FDIC steps in and takes control. At the end of the show, Dale discusses a few alternatives to saving money in the bank- if you have reached the FDIC limit for insurance or if you have simply lost trust in the bank.
There are powerful alternatives to saving money when it comes to banks. If your money isn’t working, it’s lazy money…and lazy money will COST you money.
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Always remember to Save Money, Plan Well and Live Happy in Retirement.
In this episode of The Retirement Matters Podcast, Dale talks about the impatience of using the right advisor once you've reached your destination of retirement. To Illustrate his point, he provides a personal story about bowling with his children. As he always does, he provides imagery and parallels throughout his story as to help you relate his tips to your own personal retirement journey! Just as bumper guards are used to help children keep their ball rolling down the middle of the lane, the correct advisor can keep your retirement away from the proverbial "gutter" of retirement.
Gutter balls during retirement can be detrimental to your entire plan- work with someone that provides you safety, work with someone who provides you peace of mind, work with someone who provides you with gutter guards!
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Always remember to Save Money, Plan Well and Live Happy in Retirement.
In this episode of The Retirement Matters Show with Dale Smothers, Dale will talk about Social Security and how it will affect your retirement journey. What if taxes rise in the future and how is social scurity income taxed? Will you be affected? Today, Dale shares some insight and tips to safegauard your future retirement income.
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Always remember to Save Money, Plan Well and Live Happy in Retirement.
This podcast is very different from all of our other podcasts. Very seldom will we sell our firm this hard, but it's time. The market is turning and we think it is important that you understand that NOW is the time of action. If you're hooked up to the wrong advisory firm, you could suffer terrible consequences.What differentiates R.D. Smothers Wealth Management from other "big box" firms? We take pride in the fact that we are financially aligned with our clients. If our clients do better, we do better. If they do worse, we do worse. That alone eases their mindset. They realize that we aren't coming at them with a commission mindset. Let us help you build the retirement you have always imagined.
Episode 119: Cereal Popcorn and PuffsDale starts this podcast off with a story about his sons. Dale gave his kids the opportunity to pick out dinner. He opened each drawer and they picked out all of their favorites; cookies, popcorn, cereal, and puffs. If you're not careful, you could end up with a retirement plan that is very similar to their dinner plans. You're going to have all of your advisors favorite stocks, mutual funds, and bonds. You must make your financial decisions as an entire picture. You can't just pick which stock you like because you think it's going up and you completely forget about the idea of it generating the income you would need otherwise. All of your decisions need to be made within a well written retirement plan and WE can do that for you.
On this weeks episode of The Retirement Matters Podcast, Dale discusses a motto he has had since he was a child; win humbly and lose wisely. We understand that not everyone operates best while on a team but, if you do everything alone and never partner with others, you create a huge barrier to your own potential. This podcast is for the person trying to do their retirement alone. It may be a success but, it's not ideal. If you want to do something big, you must link up with others. One is too small a number to achieve greatness. "As you face challenges, think about who you can enlist to come alongside you."
On this episode of The Retirement Matters Podcast, let's take a journey. Dale sits down with a travel agent, someone who plans vacations for families all across the world. As a travel agent, his job is to make sure you're not spending too much money and to make sure you're not missing out on amazing opportunities. Many of our retirees have the desire to travel at some point in their life. We like to talk about the "GoGo" years, the first ten to fifteen years after retirement, that's when retirees are spending the most of their money in retirement. We hope a lot of that money goes toward living the lifestyle you desire.
On this episode of The Retirement Matters Podcast, Dale highlights the most recent changes that took place in the Secure Act. We call it the Secure Act 2.0. This bill changed a lot of the retirement rules we know today. It is often said that the tax code is written in pencil, not in pen. We have to realize that this tax code, and the entire retirement system that we bank on, is subject to change in a moments notice.If your advisor is not ready and prepared to make changes for you, it might be time to find a new advisor.
On this episode of The Retirement Matters Podcast, Dale talks about how doing the same exact thing may not be the best thing to do in our day to day lives, especially in the financial world, and how we manage our money.
On this episode of The Retirement Matters Podcast, let's go shopping! Dale discusses the "shopping" process of a retiree. He uses the analogy of going to the grocery store as a way to show how a typical retiree or pre-retiree will go throughout their life, their working years, buying stocks and putting them in their basket. Maybe they are taking certain stocks out of their cart and putting them back on the shelves but at the end of the day, what they have in their cart when they check out is what they need to use to build their meals for the future. Very similar, what is in YOUR portfolio will be needed to generate the income YOU desire in your future.Dales uses this analogy to hopefully paint a picture for the listener explaining to them why it is necessary for them to have a plan before entering the preverbal grocery store and why it is necessary for you to work along side a fiduciary advisor to help you build your list to make sure you are buying the right products. Let us help you build your list, make sure the coupons are clipped out when needed, and help you prepare the meal when you get home. It's what we do.
This week on The Retirement Matters Podcast, Dale brings you the most recent episode of The Retirement Matters Show. The Retirement Matters Show is a radio show Dale does each and every week that airs in SouthCentral Kentucky and North Central Tennessee. In thisepisode, Dale tells a quick story about his son at a football game and relates that to investment planning. Investment planning, if done in a short-term window with a short-term perspective, can be done entirely wrong yielding a terrible result for your long-term goals. Don't be a bandwagon investor, let us help you make the best investment decisions for your long-term goals!
On this weeks episode of The Retirement Matters Podcast, Dale brings you a radio show that aired across Kentucky and Tennessee the weekend of Thanksgiving. The market had a fairly decent week, a short week, but positive. Dale Smothers tells a story about himself learning how to ski and how your mindset must changein retirement. Your approach to retirement planning is different on the way down the mountain then it is up. On the way down the mountain, it's just you and your skis. On the way up, you're sitting on a chair lift that's designed to take you there. The stock market is designed to take you to the top of the mountain, figuratively, but it's a really terrible tool to get you backdown the mountain. Leaving your money 100% in the stock market, in the same stocks that got you to whereyou are in retirement, is one of the biggest mistakes we see retirees making. WE want to make sure that's not you.
On this weeks episode of The Retirement Matters Podcast, Dale is bringing you a radio show that aired between November 11 and November 14 across Kentucky and Tennessee. Dale Smothers discusses the most recent move of the CPI (Consumer Price Index), ticking down two tenths of a percent. He discusses why it is important or why you need to be paying attention but also why the irrationality of the market has caused the markets to shoot straight up. It is a very irrational move and at best, it is something you should be paying attention to.At worst, it is something you might need to be selling off. How can YOU separate your retirement success from the ups and downs of the stock market?
"Take the Scenic Route"... this week's podcast almost defines exactly what Dale is talking about. In retirement planning, we tend to see people who are so worried about the stock market, or people who are so worried about running out of money that they don't take the time to enjoy the scenery around them. Dale paints the perfect image that will not only take you the scenic route but will also walk you through how a proper plan will allow you to enjoy the rest of your journey.
Dale brings you the most recent radio show where he discusses the parallels of retirement planning and learning how to fly. The beginning may not be that difficult, during the middle, you just have to keep it steady, but the ending comes down to a critical moment where one wrong thing can mess up the whole plan! Learn ways that you can prevent your saved assets from being ruined by a plane crash.
On this Episode of The Retirement Matters Show, Dale is talking to Josh Turner, a co-founder of the 10ten project, pastor, leader, husband, and, most importantly, a father. Josh has a great story of perseverance, faith, and it teaches a great lesson on how to LIVE HAPPY.
On this Episode of the Retirement Matters Podcast Dale, brings you the most recent radio show where he discusses the Inflation Reduction Act. He brings basic information to you as a retiree and how it may impact you should it come to fruition.
On this episode of the Retirement Matters Podcast Dale pauses for positivity! Now this isn't necessarily financially related, be here at RDS Wealth we believe in Saving Money, Planning Well, and Living Happy. Today's episode is all about that third component. So tune in and pause for positivity!
This week on The Retirement Matters Podcast, Dale discusses 3 different pieces of advice that he has recently come across on an USA Today article that was written by a gentleman who is all over the financial news and who holds himself out as a financial expert. The problem with this is, is that he gets into someone else's lane when he begins to discuss how to invest for retirement rather than sticking with his own specialty of not spending more than you make and making sure you stay out of debt. He will give advice on why or why not you should be purchasing mutual funds. He also talks about when you should begin investing for retirement, and what interest rate to expect when you do begin investing for retirement. Dale goes on to address those 3 pieces advise and why it is important to be able to apply it to your own individual retirement plan.
On this weeks episode of The Retirement Matters Show Dale brings you the most recent Radio show where he discusses the market taking its most recent hit. At the time of this episode the market it down 20-30% depending on what index you are tracking. He says overall there are a lot of opportunities in the market right now that people are afraid to take. He introduces the Monty Hall Problem, and the mathematics behind it. Sometimes changing your mind is a good idea, it's not always a bad thing. Mathematically it is proven in the Monty Hall Problem to be a wise decision. Changing your mind does not mean you were wrong, it means you are now able to take the information at hand and make a better decision. Tune in and learn the why behind the Monty Hall Problem and how you can play into the downs of the market.
On this episode of The Retirement Matters Show Dale discusses Retirement Planning and how it is like climbing Mount Everest. He shows you the parallels between the two. Most deaths from Mount Everest are not from climbing up the mountain, but coming back down the mountain. Much like in Retirement! Reaching the Date of retirement is only half the Battle. Tune into this episode to learn how you can live a full, happy and safe retirement!
This weeks episode of The Retirement Matters Show Dale brings you the most recent radio show about relativity! Dale discusses how everything in the stock market right now is relative. Is this the best time or the worst time in the market? Is this the worst time you will ever see the Market in your lifetime? It all depends on where you are in your retirement journey. If you are just starting your retirement planning journey you are looking at some of the best times in the market. If you are towards the end of your retirement planning journey or just entering into retirement, this is possibly the worst times in the market. Because of the relativity, it is hard to take cookie cutter advice when it comes to your retirement plan. At RDS Wealth we tailor make your retirement plan so that it's relative to you and your needs! Tune in to catch the entire episode and find out what you can be doing to help build your retirement plan!
On this weeks episode of The Retirement Matters Show Dale asks you to think about what is going on in today's market and to talk about what you can do in a retirement or any investment account to be able to safe guard some of your principals and protect it from losing money as the market sails off. At the time of this shows recording, we are looking at all time lows in the market. Within this episode, Dale will discuss ways to hedge against losses and give some general advice, for someone who is looking for security of principal or income in or near retirement. This is advice is not for listeners in their 20s or 30s looking to grow their account, if you are a listener in your 20s-30s, right now there are some really good growth opportunities for you. If you have 5 years or less in your time horizon and you are needing this money for income, it's a very dangerous time to be in the market. In this episode you will learn what is going on in the market and why it is happening. Tune in to this episode to get some great advice or contact us if you need help structuring your retirement account!
On this weeks episode of The Retirement Matters Show, Dale discusses the decline in the market and how we can value a stock, or value a company. It's important to know the value of the stock you hold and that "waiting and seeing" may not be the best option for you. If you are two years or less from retirement their are ways to safe guard principal while also establishing the income you need in retirement! Be sure to tune in to catch all the info!
On this episode of The Retirement Matters Show, Dale discusses the key to a successful retirement! How there is one skill you must master in order to live a happy life! Make sure you take a listen to learn what that key skill is and how you can implement it through your own life, and your own retirement!
Tune into this episodes with Wade Pfau, Ph.D., CFA, RICP. Dale and Wade discuss Wade's newest book; Retirement Planning Guidebook: Navigating the Important Decisions for Retirement Success! Pfau is the Author of 4 published books with a doctorate in economics from Princeton University, Professor of Retirement Income at The American College and is the program director of the Retirement Income Certified Professionals Designation! Take a listen to her some great advice about Retirement from 2 RICP!
Podcast guest Marcus Rodgers, is a Campbellsville native with 2 masters degrees one in Business Administration and another in Art of Teaching. He is the Business teacher at Taylor CO. High School where he teaches Business Finance and oversees 2 student ran business: Cardinal Kroger and Cardinal Financial Center. Marcus is also an adjunct professor for 3 different universities, and has been nominated/appointed to several prestigious positions. Throughout this podcast you will hear Dale and Marcus discuss personal finance and get the inside scoop of where you should be putting your hard-earned money along with how to start/manage your Financial Journey!
If your portfolio feels off balance you are going to want to take a listen! Dale talks about the importance of having a balanced portfolio. If you or the advisor you are working with is not checking on your portfolio often, it could be off balance! This means losing money! If you are not investing your money, you are losing your money. Inflation depreciates the value of the money you have in the bank. Be sure to listen so you don't get caught on your heels and can stay on your toes!
This weeks episode on The Retirement Matters Show is an exciting one! We are so incredibly proud to be able to offer Taylor County and surrounding counties our BETR Class! Our Bacon Eggs Toast and Retirement event will be held on May 21st @ 10AM. This event will discuss all things retirement, and allow those who are 5 years or less from retirement to retire with more peace of mind. This event is FREE of charge with a breakfast catered by Druther's. If you or someone you know would benefit from this event please call our office at 270-600-7526 for more information or to RSVP for the event!
This weeks episode of The Retirement Matters Show Dale mentions information that pertains more to our live listening audience. He starts with boasting about his uprising and then moves to bragging on his son, Matthew for his Birthday that was on April 16th! He also mentions other important dates like April 18th (Last day to pay your taxes) and an upcoming educational seminar on May 21st that will be held in our office! Dale then goes on to speak on compound interest and its ability to help grow your assets!
On this episode of The Retirement Matters Show, Dale discuss bonds and how they will not preform aggressively enough in the next 30 to 40 years in order to get you where you want to be in your retirement journey! The reason being, interest rates! Interest rates will rise but when they do, that bond you hold will actually become less valuable. He then discuss the 60- 40 portfolio. A portfolio that is made up of 60% stock and 40% fixed income in the form of bonds. Be sure to take a listen to find out why this type of portfolio is dead, and learn about the type of portfolio you should really be looking into!
On this episode of The Retirement Matters Show, Dale discusses financial tools; stocks, bonds, annuities and fees. When you use emotions when making a financial decisions you could end up in a bad situation. He goes on to tell you why you should not be using emotions when making financial decisions and how to eliminate those emotions. Be sure to tune in so your emotions won't get the best of you, when making that next big financial decision!
On this weeks episode of The Retirement Matters Show, Dale walks you through the retirement journey from start to finish, If you are in your teens, 20s,30s, or even 40s the best thing for you to do is to just start, protect your income and invest. If you are in the 45-65 age rage it's time to start planning your approach to the date of your retirement! Tune into this weeks episode, and talk with an advisor! You don't want to land your retirement plane alone!
On this weeks episode of The Retirement Matters Show, Dale discusses unnecessary fees that may be weighing you down! He says that if a broker is selling you an A-share mutual fund, you are paying a much higher expense than what you need to be paying! He goes on to say that there is absolutely no difference between an A-share mutual fund vs. any other shared mutual fund except that it is more expensive! Be sure to take a listen to learn how you could possibly save money!
On this episode of The Retirement Matters Show, Dale discuss the dips in the market, he tells listeners that if they are 5 - 10 years from retirement to just be still, don’t sell. In fact buying during the dip is smarter than selling. You only lose money in selling at this point in time. If you have money sitting in a 401(K) talk to someone about getting it moved to the right place! If you are in a stock for the “long-haul” it is okay to be still and hold on to the stock you already have. Be sure to listen to catch all the advice Dale has to give!
On this weeks episode of The Retirement Matters Show, Dale explains what a Target Date Fund is and discusses what your Target Date Fund in your 401K means and urges listeners who are close to retirement to take a look at their personal Target Date or have an extra set of eyes take a look! He lets you know that if you have a Target Date Fund you can eliminate at lot of fees within that through the help of a financial advisor! Target Date Funds are there to help those getting ready to retire but need to be looked over to ensure they are benefitting you properly! Take a listen to be sure to catch all the info!
On this episode of The Retirement Matters Show, Dale discuss what is happening between Russia and Ukraine and what that means for you and for the Stock Market. He provides you with the “three bucket” approach - Safety, Growth and Income. He explains that all of your money should be in one of these three “buckets.” Safe money- Money that is accessible to you, cash, liquid easy to get, emergency money! Growth money- Money in the Stock Market that has an opportunity to grow. Income money- Money that is principal protected. Dale then goes on to explain to listeners the importance of that Income “bucket” Take a listen so that you will be on the right track towards a successful retirement!
On this episode of The Retirement Matters Show, Dale discusses the road to retirement! He tells listeners that planning well for retirement is the key to a successful retirement! You have to be aware when to speed up, and when to slow down for curves and unknowns. This is all based on your objectives and where you currently sit in your retirement journey. Dale says that the only accurate way of calculating all of this is asking the right questions! Your financial advisor needs to be asking you these questions to ensure your retirement journey stays on the right path!
This week on The Retirement Matters Show, Dale sits down with Brian Levy founder of BML Wealth Management from Orange County, CA. They discuss the benefits of working with an Independent Advisors vs Advisors who are employed by companies who push certain products. Dale and Brian both know that the Retirement journey is unique to every individual. The cookie cutter approach isn’t always the best fit! Make sure when you are planning your Retirement, that it is with a Retirement specialist! COMING SOON - The full Interview with Brian Levy! Be sure to circle back to our page and take a listen!
This week on The Retirement Matters Show, Dale discusses the power of Compound Interest and time. When used together these two components will have a positive effect on your life as you near retirement. When it comes to investing your money, time is the most important factor. Dale urges younger listeners to start “paying yourself first” now, so you can reap the benefits in retirement! However, if you are already retired or are nearing retirement, you should begin to transition your mindset from trying to GROW your retirement accounts to ensuring your income goals are met. During this time, losses hurt you more than gains can help you and your mentality is more about protecting, not compounding.
In this episode of The Retirement Matters Show, Dale discusses the fixed index annuity's proper place inside of a retirement plan. The Fixed indexed annuity is NOT a plan all by itself but it can be a very useful part of your overall plan if properly structured. However, Dale warns listeners about the negative effects they can have when used improperly or when structured incorrectly within your plan. The Fixed Indexed Annuity is a very complex product that should only be utilized within a written retirement plan. There are many "pros" to this investment option but there are some really bad "cons" as well- listening to this episod may arm you with the information you need when talking to an "advisor" about these products, ensuring you aren't being SOLD snake oil.
What exactly is a Financial Advisor? In this episode of The Retirement Matters Show, Dale explains the difference between an Insurance Salesman and a Financial Advisor. He discusses ways you can protect your money when the market is down. If you are fixing to retire, be sure to tune in to this episode!
When the stock market is down, are you okay with seeing your money go backwards? In this episode of The Retirement Matters Show, Dale discusses how you can move a portion of your money to a more secure position. Tune in to find out how if you have a plan in place, you can take advantage of the snow days in the market.
In this episode of "The Retirement Matters Show", Dale's son Andrew talks about how he wants to build an igloo with the snow, but has no idea how much snow it takes to build an igloo. Dale has very similar discussions with those looking to have grand plans and dreams in retirement, but have not planned on how much money it will actually take to make those dreams a reality. At RDSWM, we can help you lay out a roadmap for retirement income.
Tune in to learn all of the exciting plans RD Smothers Wealth Management has for 2022! For any questions you may have that you would like Dale to discuss on air, email: contact@rdswealth.com.
Do you have a plan in place for retirement? In this episode of The Retirement Matters Show, Dale discuss how RD Smothers Wealth Management can help you, whether you are saving for retirement, or fixing to retire. He reviews how RDSWM can help you with your 401K, IRA, and pension, all the way to helping you plan for medicare expenses, estate planning, and long term care.
In this episode of The Retirement Matters Show, KY State Senator, Max Wise sits down with Dale to discuss the integrity of the Kentucky Retirement and Pension System. Their conversation was recorded on Friday 12/10/2021, and was set to air across the state on Saturday morning, 12/11/2021. However, later that evening Kentucky experienced one of the worst tornado outbreak in the state's history. That next morning, Saturday morning, almost every station across the southern portions of Kentucky were carrying live coverage of the devastation and coordinating emergency efforts to rescue the victims of these terrible storms. As a result, both Dale and Max decided it would be best if the show was postponed and replayed the following weekend. You are about to hear a very informative conversation about the integrity of the Kentucky State Pension systems. Dale and Max deep dive into how the problems were created, but most importantly, how Senator wise sees them being fixed. Some of the questions that Dale asks Max in this show include: How do you view a piece of legislation that will impact someone's pocketbook? How are we trying to fix the Kentucky Pension system? Do you have confidence in the Pension system getting fixed? Has Kentucky ever considered moving away from income tax? From a Politicians point of view, what is your opinion on social security?
Are you looking for income in retirement? Is principal protection your goal? In this episode of The Retirement Matters Show, Dale explains how either of these two objectives can be satisfied with a properly placed portfolio, in the right investments. Happy Thanksgiving from RD Smothers Wealth Management.
In this episode of The Retirement Matters Show, Dale explains the best ways to optimize retirement income.
In this episode of The Retirement Matters Show, Dale discusses the importance of turning off the financial noise that you hear as a retiree.
In this episode of The Retirement Matters Show, Dale brings up the never ending debate of whether or not to have a mortgage. Being out of debt is definitely a good thing, but not all debt is created equal.
How much do you need to retire? How long will your money last?
In this episode, Dale addresses some of the most common questions asked by our clients. If you have a retirement question that Dale did not cover today, please reach out to the team at 270-600-7526.
Do you know how much you are paying in fees? How much are you being charged to make money in the stock market?
In this episode Dale discusses ways that you can know if you are paying too much in fees and also ways to lower those fees, yielding you a better return.
One of the most important steps to a worry free retirement is for you to ENJOY THE RIDE. This life is a journey, and so many times we forget to enjoy every minute of it. Often times, as a retiree the reason that we can not enjoy the scenery, stems from our finances! If we can get our finances in order, we have the headspace to ENJOY THE RIDE.
In this episode of The Retirement Matters Show, Dale warns against being too comfortable with the most recent market returns. Dale discusses how easy it is to be caught off guard inside of this market where everything seems to be going the right direction. If you are close to retirement, it's time to Wake Up!
When you retire, it's no longer about the average rate of return on your portfolio, it's about the amount of income you can produce from that portfolio!
Averages lie: This is why you can't set your safe withdrawal rate based solely on the average rate of return a portfolio is producing! Why? Dale tells us why in this show!
Taxes will likely be the single most important issue a retiree will face. As you start taking income in retirement it's not so much about how much you take, it's about how much you keep.
Taxes are set to go higher in the near future, even in the absence of new legislation. Because your tax deferred retirement account is subject to income tax at a later date, if taxes raise, you will pay more in tax later than if you paid NOW! There is something you can do to lower your bill over your lifetime, and you may be surprised at what the answer is!
Listen to this show and be ready to take a few notes, it could save you a substantial amount of tax over your lifetime!
When you look at your retirement account statement, it's important to understand that all of that money is not yours! You have a partner inside your retirement account who is laying claim on a certain percentage of your money! Much like a business partner, this partner will want to take his fair share when it's time for you to start pulling money out durring retirement. Except, unlike a business partner, you don't really know how much he plans to take. That business partner is the IRS and Dale believes you should pay that partner as little as possible. Listen to this show to see why we believe you may need to act sooner, rather than later, to avoid paying out more of your hard-earned money to the IRS!
We've all been there- someone is telling us something that seems unbelievable and when we ask "where did you hear that?" the answer is "I read it on the internet"...
Your retirement is too important for you to go at it alone with advice that you "read on the internet" yet we see many people try it. Don't do this alone, let us help!
Are you using too much of your money to generate income!? What if we could show you a way to use LESS of your retirement account to generate MORE income in your retirement years. What would that mean for you? It would mean you have more money to spend on other things in retirement, less taxes to pay, and more legacy to leave to the ones you love!
Long Term Care(LTC) - needing someone to help you carry out basic activities of daily living (ADL's). This is a reality of more than 70% of all Americans who live past the age 50 yet only HALF of that number believe they will need any type of assistance. This facet alone should be enough to cause advisors to begin planning for their clients LTC needs but in a recent study done by Merrill Lynch 66% of those same Americans say they have NO PLAN in place for this time in their life. If that is you, you will be surprised at how easy it may actually be to protect yourself against that financial affects of aging. Lets start the show!
Has the stock market burnt you in the past? Don't be afraid of the very tool that could be be the most important in building your retirement plan! Dale will explain how the market doesn't have to be something you are afraid of. There are ways to "use" the market without being at risk "in" the market! Don't be so afraid of the "burn" that you don't get in the tub... listen to the show, you will understand! haha
It's said that he only thing certain in life is death and TAXES. While death is inevitable, taxes can be mitigated. Not completely avoided... but our tax bill can be lowered with proper planning. That is what this episode of The Retirement Matters Show will be discussing.
Have you ever played a game where you have WON but still want to keep playing? Don't do that with your retirement. There comes a time where a loss in the market will hurt you worse than a gain will help you. How do you know if you have arrived to that point? How do you protect your hard earned money without setting it on the sidelines in cash? Is there a way to have your money earning money WITHOUT risking it? Dale answers these questions in todays episode of The Retirement Matters Show!
Dale discusses a rule that is not known to many retirees called the RMD rules. He brings a little twist to the whole concept by telling a story about his oldest son, Andrew, and how he often asks "How many bites, daddy?" at dinner time. If you are close to retirement age you need to be planning for your RMD's and dale will explain how that can be done in this episode of The Retirement Matters Show.
Just like the hardest part of Everest in the trek back down the mountain... the years after retirement are your most critical years for optimizing your retirement lifestyle.
Sometimes shining a different light on a situation can open your eyes to a totally different perspective.
Emotions make a huge impact on our reactions when certain events take place. These emotions can also impact many people when making investment decisions. In this episode of The Retirement Matters Show, Dale speaks about how your shouldn't let these emotions impact how you handle your investments. Everybody should have a solid plan built specifically for them, and then stay the course to see the success they are wanting.
The stock market has seen a drop of at least 10% for the last 121 years, so why do people panic when it happens? In this episode of The Retirement Matters Show, Dale speaks about a strategy that can be used by retirees to take advantage of these drops while maintaining the safety of their income.
Is your retirement plan as unique as you are? In this episode of The Retirement Matters Show, Dale talks about how your retirement plan shouldn't be made with a cookie cutter approach. It SHOULD be tailor made for your vision so that your vision can become a reality.
Are you worried about capital gains tax increases impacting your retirement accounts? You shouldn't be. In this episode of The Retirement Matters Show, Dale talks about how changes in capital gains, for better or worse, will not affect your retirement accounts in the slightest. Block out the noise and keep on saving!
How are you investing for your income in retirement? You should be assigning your money a task. Every dollar should either be designated as "Safe" money, "Income" Money, or "Growth" Money.
How we structure this for our retirees allows them to live worry free in retirement.
You have the right to be boring!! As a matter of fact, if your retirement income investment strategy isn't boring- you are doing it wrong!
What is an IRA? It may not be what you think. Dale discusses a few of the most common misconceptions about IRA's and how you may benefit from owning one.
WOMAN'S HISTORY MONTH! As a Woman, planning for your life in retirement needs special attention. Did you know that over 64% of all females who live to age 65 are single? Yet- the retirement planning industry continues to view "retirement planning" as a joint effort. While it is important for a husband and wife to plan together, it is just as important to ensure that the wife has a survivorship plan!
Are you working with a Pilot? Dale describes why working with a comprehensive financial planing firm is important if you want to survive and thrive in the "mountains" of retirement.
Grow Bolder NOT Older! Physically aging is inevitable but your mindset about aging will determine your success in aging! Be sure you are programing your mind to grow BOLD not OLD.
Dale and his son made a trip to the slopes for a tubing adventure! Much like our clients approaching retirement for the FIRST TIME- Dale's son, Andrew, was tubing for the first time. Dale had a few take-aways from the day and felt that it would be a good way to illustrate the importance of working with a trusted advisor in retirement. In retirement you need to ensure your advisor is managing your money to achieve your objectives... not their own!
Safety of principal and predictable income is the name of the game in retirement investing. How do YOU invest for income? Dale discusses a few effective ways to invest for reliable income while preserving the principal.
Dale explains the concept of being "short" a stock and how "short selling" lead to the current REDDIT trade that we are seeing in the new today. He also explains why retirees should stay away from these types of WAR!
With a new administration taking the reins it is a great time to reevaluate where you are on this retirement journey and determine your next steps. The landscape is changing, map out your future TODAY.
Dale discusses some of the notable events of 2020 and discusses how RDS Wealth is able to help a retiree worry less. We are there to help you with the parts of retirement you need help on.
2020 has been a trying year.. on all fronts, but you made it through... and it wasn't ALL bad!
Dale shares a few stores about his most recent skiing trip where he took his 4 year old son, Andrew! Dale relates a few of his experiences to the world of investing.
Are you investing in the stock market or gambling with speculations? There is a difference!
Every investor has their own reasons for investing. If retirement income is your objective you have most likely heard of the "Balanced Portfolio" and the "4% Rule" for retirement investing. Dale discusses a new approach to the balancing act and discusses modern research that suggest a whole different way to construct the "Balanced Portfolio" for retirees.
Virus Fears, Virus Cures, Election Results, Election Contested, Spending, Taxes, and The Balance of Power... tase things could all move the market int he coming year and Dale seeks to give you a little insight on how these things could potentially move the market.
Also, depending on where you are in your retirement journey, these things may or may not be something your should worry about!
No matter who wins the election- Taxes will rise over the next 10 years- they almost have to. Are you ready?
Dale discusses how you can take advantage of the current tax brackets to better prepare yourself for retirement later.
In this episode of The Retirement Matters show, Dale addresses the age old question- "When can I retire?" To retire happy and live an optimal retirement our team at RDS Wealth knows that you must have three things in place: 1) Know your retirement budget 2) Know how much income you will generate (perpetually) in retirement. 3) Know how to invest your assets to achieve the GAP.
Listen to the show to find out more. And if you need help determining if you are ready... call us! 270.600.PLAN
Save Money. Plan Well. Live Happy. (TM)
In this episode of The Retirement Matters Show, Dale explores three different withdrawal strategies and explains how to make sure your income strategy in retirement fits your risk tolerance. Inspired by a recent Forbes article, dale takes the listener though the most common stories we see in our office and how those unique retirement plans could be structured to fit that story.
Save Money. Plan Well. Live Happy (TM)
Article Referenced in Show is:https://www.forbes.com/sites/steveparrish/2020/07/17/your-retirement-asset-drawdown-strategy-should-fit-your-personal-story/#13145cd23c74
Dale and Ron discuss the intricacies of Medicare and how to navigate this very complicated part of a retirement plan! Need more assistance with your medicare decisions, call us at 270.600.PLAN
Save Money, Plan Well, and Live Happy.
Should you roll your 401(k) into an IRA? There are some things that you should know about your 401(k) before you make that decision. Dales outlines the top four considerations that should be made when asking "should I roll my 401(k)?"
To retire happy you must know what retirement means to you, know how much money you will need to make that dream a reality, know the twists and turns on this road to retirement, and finally, you must know how fast you need to drive to get there on time and safe! This episode is discussing ways you can drive slower (safer) and still arrive at your destination... The retirement you have always dreamed of!
Save Money. Plan Well. and Live Happy.
Every plan is different but in our decade of experience we have found that almost all plans are comprised of both a defensive and an offensive playbook. In this episode titled "X's and O's" Dale discusses what a retirement plan should look like for anyone from 30+ years out to 1 year out from retirement, and anywhere in between.
Sometimes "Retirement" may seem more like a mine field. The good news is, Dale and our team are ready to help you navigate your way around the land mines you may encounter.
Dale sits down to talk about everything from his family to the Firm's new office space, drawing parallels to finical planning, all along the way.
Save Money. Plan Well. Live Happy.
Saving for Retirement can be as easy as using smaller plates! How? Dale will explain in this episode of The Retirement Matters Show.
We will spend everting we make- its human nature. Adjusting what you "make" is the key to spending less for some people. Spending less now means you have more for the future. Save Money. Plan Well. Live Happy!
This journey we call LIFE is a beautiful thing. At R.D. Smothers Wealth Management we help clients establish a plan that will allow them to take their eye off the fuel gage and enjoy the scenery that is passing them by! Listen to this weeks episode of The Retirement Matters Show to see exactly what we mean by that.
What is a stock split? How does a stock split impact a companies value? Should you buy a stock just because It has announced a split? Are splits always good? Are they always bad? You have questions- We have the Answers.
Dale Explains what a stock split is, why you should care, and why you probably don't want to "chase the split" if you are investing for a retirement income for the future. Helping you tune out the financial market noise is what we hope to do in this episode.
Save Money. Plan Well. Live Happy.
As a retiree, or one who is approaching retirement, you may be looking for advice on how to properly structure a retirement plan. In this episode of Retirement Matters we pull back the curtain on some of the marketing campaigns targeting people just like you and the money you have! Don't be SOLD! be sure you know that the person you are working with is working for YOU and not for the firm/company that pays them a commission.
On this episode of Retirement Matters, Dale explains why anyone looking to retire in the near future MUST know the following 4 things: 1) Your Dream 2) Your Number 3) Your GAP 4) Where you can find HELP
Dale brings you PART TWO from his recent video interview with the well known retirement researcher, Wade Pfau Ph.D CFA, RICP.
Dr. Pfau has advanced the art and science of retirement planning for years and in his recent book "Safety First Retirement" he explains how to make a retirement account more efficiently built to generate income, provide liquidity, and leave behind a legacy.
If you are looking to retire soon you DO NOT want to miss this episode of The Retirement Matters Show and you will want to catch the entire interview with Dr. Pfau and Dale on our Youtube page or in our bonus content podcast to be released later this month.
Dale brings you a few highlights from his recent video interview with the well known retirement researcher, Wade Pfau Ph.D CFA, RICP.
Dr. Pfau has advanced the art and science of retirement planning for years and in his recent book "Safety First Retirement" he explains how to make a retirement account more efficiently built to generate income, provide liquidity, and leave behind a legacy.
If you are looking to retire soon you DO NOT want to miss this episode of The Retirement Matters Show and you will want to catch the entire interview with Dr. Pfau and Dale on our Youtube page or in our bonus content podcast to be released later this month.
Sometimes its difficult to make a decision on what to do with your 401(k) after leaving your place of employment. Perhaps you have recently changed jobs, retired, or been laid off. Dale seeks to shine some light on things you should be considering when looking for the advisor to help you roll this account over, avoiding taxes and unnecessary fees in the process. Call us if you would like for RDS Wealth to assist in this move. You will be amazed to see how easy it is when working with an advisory team that specializes in retirement planning. 270.600.PLAN
Dale sits down with a seasoned estate planning attorney, Mr. John Bertram of Bertram, Cox & Miller [http://www.bcmllp.com], to discuss all things estate planning. Uncovering the need, common misconceptions, general questions, and things to avoid when doing proper estate planning. Our goal with this episode is to get the estate planning conversation started. We hope that you find this episode informative. Give us a call if you have any questions about what is discussed in this show. 270.600.PLAN
Dale discusses the headwinds that many investors will face in their fixed income portion of their retirement portfolio. This episode is based around Wharton’s Jeremy Siegel delivering a warning to bond holders. He argues that total return may struggle as we see interest rates rise in the future. At R.D. Smothers Wealth Management we subscribe to this same ideology and lean on the power of annuities as an alternative for our fixed income portion of a balanced portfolio. Allocating to fixed indexed annuities in place of bonds may provide you exactly what you need in your "60/40 balanced portfolio"- security of principal with capital gain potential. Be sure to hang on until the end when we hear exactly what Mr. Seigel says all bond holders should be aware of. 270.600.PLAN
Dale discusses the difference between trading a stock and investing in a stock. Which one is best for retirement planning? Dale also discusses an academic perspective of what to expect from bonds for the next decade and what alternatives we should consider if investing for income.
The year 2020 has been a year full of surprises this far, but there are still steps that you can take to better your positions on the journey to retirement. Dale lays out three things that need to be on your "To DO" list to ensure that your retirement plan stays on track after being affected by COVID-19.
Dale interviews Ms. Sharon Johnson from the Small Business Administration to gain clarification and provide insight on the Paycheck Protection Program (PPP).
In this episode Dale the current market conditions and how to approach them based on where you are in your retirement journey. If you are in the retirement RedZone you need to be certain that your income will be stable, if you're more than 10 years to retirement, stop watching the scoreboard and stick to your plan! Don't have a plan? call us- 270.600.PLAN
Dale briefly discusses the new SBA Payroll Protection Program (PPP) and cautions against working with the wrong advisor! Questions to ask your "advisor" to see if they are just a sales agent:
1) Do you have a series 65 or 66 license? If the answer is "NO" you are working with a sales person. 2) Do you operate under the Fiduciary standard? If the answer is "NO" your advisor MAY not be putting your interest first. 3) Is the product your recommending sponsored by the same company that you WORK FOR? (in other words- is the logo on the policy or investment fund the same as the logo on their business card)If the answer is "YES" than you may not be getting unbiased advice.
You want to make sure you are getting advise that is best for YOU and not for the COMPANY that your "advisor" is working for.
Recorded 3/21/2020- The Coronavirus pandemic has turned our world upside down. How will your retirement plan be affected? Whether you are looking for safety of your initial investment, income from your investment, or looking to take on the risks necessary to help make your money grow, Dale will discuss how you can take steps to better position your investments to achieve those goals. If you would like our help implementing these strategies, call us- 270.600.PLAN.
Having the potential for stock market gains without the chance of stock market losses... sounds too good to be true, doesn't it? The good news is, it is possible inside of a product called the Fixed Indexed Annuity. The bad news is, there are a lot of insurance sales people who are pushing annuities as the only wise investment, and they have no business OR license to be discussing "investments". The fixed indexed annuity is not a stock or bond, but rather, is an insurance-backed savings vehicle that should be well understood before buying.
In this episode, Dale takes a deep dive into the pros AND CONS of the fixed indexed annuity. Dale also lays out a simple understanding of how a fixed indexed annuity should be implemented in a retirement plan. Dale also discusses the fact that there are some very bad products and even worse "advisors" out there. Dale encourages listeners to work with someone that they trust, who is fully independent and able to represent the client's best interest- instead of the interest of the firm they represent. If properly implemented, the fixed indexed annuity can become a very strong foundation on which you build a successful, WORRY FREE, retirement income plan. Before you "invest" in a fixed indexed annuity, listen to this show or call us at 270.600.PLAN.
Your retirement plan has just been PUNCHED IN THE FACE with COVID-19. How will it hold up? Dale discusses how our retirement clients are able to be worry free in these times of market recession, knowing that their income is secure and that the stock market is not something they have to rely on to make that happen. If you would like to discuss your retirement plan with us, we would like to discuss it with you. Give us a call- 270.600.PLAN
Recorded 3/28/2020, amid the COVID-19 pandemic, Dale seeks to bring rational thought, optimism, and hope to your situation. Dale will discuss opportunities that are presenting themselves during this time of market volatility, no matter where you are in your retirement journey. If you're looking in the right place, this time of fear for many may actually be a great opportunity for you to better prepare for your retirement without compromise! Let us be a second set of eyes for you! 270.600.PLAN
In this show Dale discusses the importance of a written Retirement Plan and the most common mistakes made by many pre-retirees. If you have questions about your plan, call us at 270.600.PLAN
Dale Discusses 5 year end moves to make for investors, savers, or retirees. Retirement planning can be complicated and not all "advisers" are created equal. If you're planning for your years in retirement, be sure to check out the part of the show where Dale discusses the different types of advisors and why you should be working with an independent comprehensive financial advisor- not just a life insurance agent or a stock broker. If you want to chat with us, give us a call at 270.600.PLAN
Recorded in December 2019, Dale discusses what volatility is and what it can do to a retirement plan. Dale also discusses how an investor can minimize volatility in their retirement income plan. Let us help you build that plan- 270.600.PLAN
Retirement planning is not just about investing correctly, it's made up of many complex plans working together. In this episode, Dale discusses what your plan should address and how to plan for both the climb to retirement and how to live a life without compromise while in retirement. If you want to talk to us about how you can improve your retirement plan- call us at 270.600.PLAN