Maine Retirement Radio: Recent Episodes
Derek Tharp
We answer your questions about retirement in Maine. Hosted by Prof. Derek T. Tharp, we cover topics such as investing, saving for retirement, tax planning, estate planning, Social Security, Medicare, and much more!
In today's episode, we will discuss:
- How much life insurance someone should have
- When should someone buy life insurance
- What's the difference between term and permanent life insurance
- How life insurance needs change throughout the different stages of life
In today's episode, we will cover:
- What it takes to become a millionaire in America today
- Statistics about millionaires in America
- The connection between inheritances and becoming a millionaire
- How following a process for building wealth can get someone on the path to being a millionaire
In this episode, we'll cover:
- How this situation may be similar or different from past recessions
- Things you look for that signal the start of a recession
- What should we do with our portfolios during a recession
- And why are we still optimistic about the future
In this week's episode, we cover the 5 pitfalls of retirement:
- Not having defined goals. To us, predetermined retirement plan goals are a must. ...
- Not starting early enough. It is an undeniable fact that the earlier you start saving for retirement the more likely you will be to accomplish your goals. ...
- Unrealistic growth expectations.
- Cashing out or borrowing from your plan
- Taking too much or too little risk
In this episode, we cover:
- How a Health Savings Account (HSA) can be used for investing
- How to prioritize where to put your next dollar of savings
- How to manage emotions going through tough markets
- And more!
In this episode, we'll cover:
- Is now the right time to be investing for retirement?
- How to best think about long-term investing.
- How savings rates impact accumulation for retirement.
In this episode, we cover:
- How to prioritize paying down debt versus investing
- The importance of having an emergency fund to provide a strong foundation for investing
- What types of accounts are most advantageous to save into for retirement
In this episode, we cover:
- Projected cost of living adjustments for Social Security
- How inflation impacts retirement portfolios
- Social Security Q&A
- IRA changes under the SECURE Act 2.0
In this episode, we cover the following:
- How much does it take to retire today? (And why it may be best to not get focused on one particular number.)
- Why it is important to be flexible and willing to make adjustments in retirement.
- What Mainers should know about recently announced Maine stimulus payments to make sure they get as much benefit as they can.