Secure Your Retirement

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In this Episode of the Secure Your Retirement Podcast, Radon discusses what really happens inside a personalized retirement financial plan, walking through the exact process our Director of Financial Planning and Tax Strategy, Taylor Wolverton, uses with every new client. This episode is built for anyone thinking seriously about financial planning for retirement, whether you're still working, already retired, or somewhere in the middle trying to figure out how to retire without losing sleep over the numbers. Retirement planning strategies only work if they're built on your real accounts and your real goals, not a rough guess, and that's exactly what this conversation breaks down step by step.

Listen in to learn about how a real retirement financial plan gets built from the ground up: mapping every account into a single clear picture, laying out retirement income planning around Social Security and required minimum distributions, and using a retirement spending plan to test what you can actually afford, including the big goals you've been putting off. If you're doing financial planning after 60 and wondering whether your retirement investment strategy and retirement cash flow can support the life you actually want, this episode shows you how that question gets answered with real numbers instead of guesswork.

In this episode, find out:

How a "blueprint" of your accounts reveals your true net worth, often higher than you'd guess in your head
Why retirement income planning has to map every source, Social Security, pensions, salary, and required minimum distributions, on its own timeline
How a retirement spending plan and goals section let you test big one-time expenses, like travel or a kitchen renovation, against your long-term numbers
Why a retirement financial plan gets projected all the way to age 90, and what a rising or falling balance actually tells you
How conservative assumptions on returns and inflation give your retirement checklist room to work even if the market underperforms

Tweetable Quotes:

"I don't care how much money people have. They think they're going to run out." - Radon Stancil

"It is hard for people to go from saving, saving, saving to spending, spending, spending, and it can be a scary transition." - Radon Stancil

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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New Trump accounts are now open for enrollment, and the question we're hearing from clients isn't whether they're worth considering. It's how they stack up against the accounts families have already been using for years, 529 plans, UTMA and UGMA custodial accounts, brokerage accounts, and Roth or traditional IRAs for kids. This episode is the follow-up to our first Trump accounts conversation, and it's the one to listen to if you're trying to figure out which account, or which combination of accounts, actually fits your family's goals.

Taylor Wolverton, our Director of Financial Planning and Tax Strategy, joins Murs Tariq again to walk through each option side by side. They cover contribution limits, tax treatment, distribution restrictions, and the one detail about Roth IRAs that most social media advice leaves out entirely. There's no single best account here, and that's the point. The right strategy usually combines two or three of these tools, and this episode gives you the framework to figure out which ones belong in yours.

In this episode, find out:

Why Trump accounts don't require your child to have earned income, and how that changes the math compared to a Roth IRA
How the Trump-account-to-Roth conversion works once your child turns 18, and why timing it right could mean decades of tax-free growth
What's changed about 529 plans that makes them far more flexible than the version most parents remember, including the new Roth rollover option
The real trade-off behind UTMA and UGMA custodial accounts, and why control matters more than most families realize until it's gone
The one requirement missing from nearly every "open your kid a Roth IRA" post you see online, and what to do about it if your kids aren't earning yet

Tweetable Quotes:

"There's not one that's just like, quote unquote, best. It really depends on what your goal is with these accounts and what you're trying to accomplish." — Taylor Wolverton

"The Trump account kind of helps you navigate building that wealth without having to worry as much about earned income." — Murs Tariq

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit POMWealth.net/podcast.

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In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss Trump Accounts with Taylor Wolverton, our Director of Financial Planning and Tax Strategy, breaking down exactly how do Trump Accounts work, who qualifies, and why this new option for Trump Investments is quickly becoming part of the conversation around saving for children and investing for grandchildren. Retirement planning has always started with the accounts you already know, but these works differently, and if you're building a family financial planning strategy or looking for financial gifts for grandchildren, it's worth understanding before you decide whether it belongs in your plan.

Listen in to learn about the eligibility rules, the contribution limits, and the one-time $1,000 government deposit that applies to certain children. Radon and Murs also walk through a Roth conversion strategy hiding inside these accounts, one that turns a simple child investment plan into a genuine tool for building generational wealth. Whether you're deep into your own retirement tax planning or just starting to think about a retirement checklist for your family, this episode connects a brand-new account to the same retirement tax strategies you may already be using in your own retirement financial plan.

In this episode, find out:

What a Trump Account is, who's eligible, and how the application process actually works
The contribution rules, including the $5,000 annual limit and the one-time $1,000 seed deposit for eligible children
How employer contributions work and why they don't add to your taxable income
The Roth conversion strategy that can turn contributions into a tax-free retirement account for your child
When money can be withdrawn, and the penalties to know about before that age

Tweetable Quotes:

"There's zero money to us in setting up a Trump account. We just wanted to talk it through, because there are real benefits people can take advantage of." - Radon Stancil

"There's not many ways you can get a thousand dollars tax-free. If someone was born between 2025 and 2028, it seems like a no-brainer." - Murs Tariq

Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit POMWealth.net/podcast.

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In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss Concentrated Stock Positions and why so many pre-retirees and retirees are sitting on a mountain of Appreciated Stock without a plan for it. Whether it came from Company Stock Options at a long-time employer or from riding a big name higher over the past few years, a single stock that grows into half a portfolio changes the entire risk picture heading into retirement. Radon and Murs break down why Stock Diversification matters more now than it did during your working years, and why Capital Gains Taxes are usually the real obstacle keeping people stuck.

Listen in to learn about the Tax-Efficient Investing strategies Nick Hyman is using with clients to unwind large positions without triggering an unnecessary tax bill. You'll hear how Tax-Loss Harvesting through Direct Indexing can offset gains, how a Donor-Advised Fund can move highly appreciated shares to charity with zero tax on the gain, and how bracket-aware selling fits into a coordinated Retirement Investment Strategy. If you're building a Retirement Financial Plan and Company Stock Options or one big winning stock are part of the picture, this episode lays out exactly where to start.

In this episode, find out:

Why holding a large Concentrated Stock Position is a different risk in retirement than it was while you were working
How Tax-Loss Harvesting and Direct Indexing can help offset gains when you sell Appreciated Stock
Why bracket-aware selling, year by year, is central to smart Retirement Tax Planning
How a Donor-Advised Fund lets charitably inclined retirees give appreciated shares without paying tax on the gain
Why doing nothing about a concentrated position only compounds the problem instead of solving it

Tweetable Quotes:

"When we're working and we have a salary and income coming in, if a stock goes down 20, 30, 40 percent, it's not as big of a deal because there's still income coming in the door." - Murs Tariq

"If you just stay in this place of doing nothing, you only are compounding the problem. It's not getting better." - Radon Stancil

Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit POMWealth.net/podcast.

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In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss what really happens during an evaluation appointment, the first Financial Advisor Meeting most people have when they start exploring what it actually takes to plan for retirement. They break down the five critical areas that determine Retirement Success, known as the ROUTE to Retirement: Retirement Risk Management, Retirement Income Planning, Medicare Planning and Long-Term Care Planning under one unified healthcare umbrella, Retirement Tax Planning, and Estate Planning. If you've ever wondered what separates a real Retirement Financial Plan from a portfolio review with a nice title, this episode lays out exactly where most plans quietly fall short.

Listen in to learn about why a simple one-to-ten risk question reveals more about your Retirement Readiness than any account statement ever could, how a written Retirement Investment Strategy and a real Social Security Planning conversation change decision making for the better, and why Retirement Tax Strategies put in place before the calendar year ends can outweigh almost any other move you make on the road to retiring comfortably.

In this episode, find out:

Why the risk scale used in every evaluation appointment skips the number seven, and what your honest answer reveals about your true Retirement Readiness
How a written retirement income plan and clear Social Security Planning turn a stressful guessing game into a Retirement Financial Plan with actual data behind it
Why Medicare Planning and Long-Term Care Planning are treated as one Unified Healthcare conversation, and what a dedicated Medicare specialist changes about that experience
Why most people's Retirement Tax Planning happens too late to matter, and how proactive Retirement Tax Strategies executed before December 31st can beat any adjustment to an investment strategy
What a five-year-old estate plan gets wrong, and the real story of a client who needed updated documents in a single week before leaving for a cruise

Tweetable Quotes:

"Retirement planning is a bunch of knobs, and if you turn one, you're turning all the others." - Murs Tariq

"It's something people don't want to talk about, and it's easy to procrastinate on it because, hey, I'm good, I'm healthy." - Murs Tariq

Whether you're years from retiring or already retired, this episode doubles as a retirement checklist for anyone planning retirement who wants a second look at whether their plan for retirement actually holds up across all five areas. Retirement isn't one decision; it's five connected ones, and this episode walks through exactly how those five come together to help you secure your retirement with real confidence instead of a guess.

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss retirement planning 2026 with returning guest Tom Siomades, chief market economist, for a mid-year Economic Check on everything that's shaped the markets so far. From the Iran conflict's effect on oil prices and inflation to a new Kevin Warsh Fed chair trying to find footing amid inflation and interest rates that refuse to cooperate, this Markets update covers the headlines retirees are hearing everywhere and translates them into what actually matters for your plan.

Listen in to learn about why stock market volatility has made 2026 feel like a tale of two markets, with AI stocks 2026 and tech stock names like SpaceX carrying much of the S&P 500 outlook while the rest of the economy absorbs energy prices US pressure and shifting consumer spending trends. Tom shares his honest read on recession risk, why Federal Reserve rate cuts have stalled out, and where the market uncertainty of the SpaceX IPO and the AI rally could go from here.

In this episode, find out:

Why 2026 has followed a strikingly similar path to last year, and what that pattern means for retirement advice going forward
How the Iran conflict pushed oil prices and inflation higher, and why gas prices don't fall as fast as oil does
What Kevin Warsh Fed chair is up against, and why Federal Reserve rate cuts have all but disappeared from this year's forecasts
Why Tom is cautious about chasing AI stocks 2026 and tech stock hype, including his candid take on the SpaceX IPO
What Tom is watching for the rest of the year, and why he still sees a path to retiring comfortably despite the market uncertainty

Tweetable Quotes:

"We sit here in the middle of 2026, and it's amazing how quickly it's gone by, but there's also been a lot of bumps in the road." – Murs Tariq, Secure Your Retirement Podcast

"It's amazing if you think about how important oil is to just making the world go round, not just gas, but manufacturing, shipping, and every cargo carrier out there." – Murs Tariq, Secure Your Retirement Podcast

Whether you're actively working on your retirement checklist or still in the early stages of planning retirement, this Economic Check is a reminder that a real Retirement Planning strategy has to hold up no matter what the headlines say. Retirement isn't about predicting the next SpaceX IPO or timing the next rate cut. It's about building a plan for retirement sturdy enough to absorb inflation and interest rates, tech stock swings, and everything in between.

Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit POMWealth.net/podcast.

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Medicare's new GLP-1 Bridge Program gives eligible retirees access to Wegovy and Zepbound for $50 a month — but there are three financial catches worth knowing before you enroll.

In this episode of the Secure Your Retirement Podcast, Radon and Murs discuss one of the biggest Medicare developments of 2026 — the new GLP-1 Bridge Program, launching July 1, which allows eligible Medicare beneficiaries to access popular GLP-1 weight loss medications like Wegovy and Zepbound for a flat $50 copay per month. Joined by Peace of Mind Wealth Management's in-house Medicare specialist Sean Southard, they break down exactly what this program is, who qualifies, how the approval process works, and what the financial implications look like for retirees on fixed incomes.

Listen in to learn about the three financial angles every retiree needs to understand before enrolling in the GLP-1 Bridge Program, including why that $50 copay sits completely outside your normal Medicare Part D protections, what happens when the program ends in December 2027, and how GLP-1 medications and Medicare prescription drug coverage fit into a broader retirement planning conversation around healthcare costs, budgeting, and long-term affordability.

In this episode, find out:

What GLP-1 medications are, why Medicare historically excluded them for weight loss, and what changed in 2026 to make the GLP-1 Bridge Program possible
Who qualifies for the program based on BMI and health conditions, and how your doctor submits a prior authorization request through Medicare's centralized system
Why the $50 flat copay does not count toward your Medicare Part D deductible or annual out-of-pocket maximum, and what that means for your retirement budget
What retirees need to plan for when the program's temporary status ends in December 2027 and costs could jump significantly
The health considerations and side effects of GLP-1 medications that matter most for older adults, and why this conversation belongs with your doctor and your financial planner

Tweetable Quotes:

"Retirees need to avoid assuming that this benefit program is going to be permanent forever. Plan for what happens if that $50 copay jumps back up to several hundred dollars a month." — Murs Tariq

"This is both a healthcare conversation and a financial planning conversation. Retirees should evaluate long-term affordability, potential future coverage changes, and how chronic disease management fits into an overall retirement plan." — Shawn Southard

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this episode of the Secure Your Retirement Podcast, Murs and Nick discuss why retirement stress and retirement anxiety don't disappear when the account balance hits a certain number, and what it actually takes to plan for retirement with real confidence. Joined by Senior Wealth Advisor and Certified Financial Planner Nick Hymanson, they walk through the fears and financial stress that show up most often in client meetings, from losing the paycheck to navigating market volatility, long-term care planning, and the weight of protecting a surviving spouse. Whether you are retiring comfortably or still working toward that goal, this conversation gets honest about the gap between having money and having a plan.

Listen in to learn about the five critical areas of retirement income planning that form the foundation of a secure retirement, including tax strategy for retirement, healthcare costs in retirement, estate planning, and how to build a financial checklist that actually prepares you for what retirement looks like day to day. Radon, Murs, and Nick explain how financial planning strategies like Roth conversions in retirement and a structured bucket approach to market volatility can shift retirement planning from something that keeps you up at night to something you trust completely.

In this episode, find out:

Why retirement anxiety hits even high-net-worth retirees, and how the loss of a paycheck changes the entire structure of a retirement plan
How market volatility creates sequence of returns risk in the early years of retirement, and what tax strategies for retirees can do to protect against it
What long-term care planning and healthcare costs in retirement look like inside a complete financial checklist, and why waiting too long to address them is one of the costliest mistakes in planning retirement
How Roth conversions in retirement and other proactive tax strategy tools can reduce your lifetime tax bill, especially in the years between retirement and required minimum distributions
Why estate planning and protecting the surviving spouse belongs inside every retirement plan, and how the Peace of Mind Pathway™ addresses all five critical areas under one team, one plan, one fee

Tweetable Quotes:

"The only way you overcome these fears is you talk about them. And the only way you get comfortable and confident is there's a plan around it that you can reference and revisit." – Murs Tariq

"How do we structure things so there's less risk in the plan and things go the way someone wants them to go? That's what retirement income planning is really about." – Nick Hymanson

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this episode of the Secure Your Retirement Podcast, Radon and Murs discuss the SpaceX IPO and what retirement-age investors need to think about before making any decision with their savings. SpaceX began trading on June 12, 2026, at a $1.75 trillion valuation, the largest IPO in stock market history, and the questions from clients started pouring in almost immediately. Rather than telling you whether SpaceX is a good or bad investment, Radon and Murs walk through a clear, honest framework for making sure whatever you decide is driven by your retirement plan and not the noise of the moment.

Listen in to learn about the real data behind how major IPOs have historically performed in their first year of trading, why your 401(k) or IRA may already be buying SpaceX without any action on your part, and the three questions every retiree should answer before putting retirement savings into any newly public company. Whether SpaceX is on your radar or you are simply trying to build better habits around big investment decisions, this episode gives you the tools to think clearly when the headlines get loud.

In this episode, find out:

What SpaceX actually is as a business, which of its three divisions is profitable today, and why the $1.75 trillion valuation is priced on the future rather than current earnings
What the last 30 major IPOs over the past 15 years reveal about first-year performance, including an average maximum drawdown of 50% to 55% and why it happens around the six-month mark
Why index rule changes mean millions of Americans may already be picking up SpaceX exposure through their existing 401(k) and IRA index funds
The critical difference between making a trade and making a long-term investment, and why that distinction should shape the entire decision for anyone nearing or already in retirement
Three questions to ask before buying any IPO, starting with the one that eliminates most bad decisions before they happen

Tweetable Quotes:

"You can believe in a company and still decide that buying it at IPO price in week one isn't where your retirement money belongs." - Radon Stancil

"Waiting twelve months to buy a stock you plan to hold for fifteen years is not missing out. It is just a longer on-ramp, and it might come with a significantly better price." - Murs Tariq

Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

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In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss some of the most effective ways to lower taxes in retirement before the end of taxes 2026. Drawing from more than 150 client tax strategy meetings conducted by Peace of Mind Wealth Management, they break down the Retirement tax planning strategies that delivered the greatest benefits to retirees. From charitable giving opportunities to Roth conversion strategy analysis, this episode provides actionable insights designed to help retirees make smarter decisions about their future tax liability.

Listen in to learn about proven tax strategies including Qualified Charitable Distributions (QCDs), Donor Advised Funds, Tax Efficient Investing, Tax Loss Harvesting, and RMD planning. Whether you're focused on reducing retirement income tax, preparing for future Required Minimum Distributions, creating a comprehensive retirement checklist, or looking for ways to secure your retirement, this episode offers valuable guidance to help you maximize your wealth and keep more of what you've worked so hard to save.

In this episode, find out:

How a Qualified Charitable Distribution (QCD) can help charitably inclined retirees reduce taxes in retirement while supporting causes they care about.
Why a Donor Advised Fund may allow you to maximize charitable deductions and improve your overall tax planning strategy.
How Tax Efficient Investing and Tax Loss Harvesting can potentially reduce taxes and improve after-tax portfolio returns.
Why Roth conversion analysis can help lower future retirement income tax and reduce the impact of future Required Minimum Distributions (RMDs).
How proactive Retirement Planning and annual tax strategy reviews can help you plan for retirement, optimize your finances, and retire more confidently.

Tweetable Quotes:

"A Qualified Charitable Distribution is one of the few opportunities where you can put money into an IRA, receive the tax deduction, experience growth, and then ultimately distribute those dollars completely tax-free to charity." — Murs Tariq

"Everyone should not do a Roth conversion, but everyone should do a Roth conversion analysis because the impact on lifetime tax savings can be substantial." — Radon Stancil

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this Episode of the Secure Your Retirement Podcast, Radon Stancil and Murs Tariq discuss the difficult but essential topic of what happens financially when a spouse passes away. From understanding Social Security survivor benefits and the widow penalty to navigating Medicare changes, tax planning, and inherited IRA decisions, this conversation highlights why proactive financial planning and estate planning are so important for every surviving spouse. The death of a spouse can create emotional stress and financial confusion, especially when retirement income planning, account access, and beneficiary updates have not been organized ahead of time.

Listen in to learn about the most important steps couples should take before tragedy strikes, including creating a financial checklist, organizing documents, simplifying advisors, and preparing a letter to heirs. Radon and Murs explain how a proper retirement checklist and planning retirement strategy can help families avoid unnecessary stress while protecting the surviving spouse financially. If you want to plan for retirement, retire comfortably, and secure your retirement, this episode offers practical guidance for what to do when a spouse dies and how to prepare for life’s most difficult transitions.

In this episode, find out:

How Social Security survivor benefits work when a spouse passes away
Why the widow penalty can increase taxes and Medicare costs for a surviving spouse
The importance of beneficiary reviews, inherited IRA options, and estate planning
How a letter to heirs and financial checklist can simplify the transition process
Why retirement income planning and organizing financial accounts are critical for a surviving spouse

Tweetable Quotes:

“The last thing you want is for the event to happen, and then you've got someone trying to figure it all out through files and folders during one of the hardest moments of their life.” – Murs Tariq

“Both spouses don’t have to be the financial gurus, but they both need to see the roadmap.” – Radon Stancil

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss the critical importance of reviewing your Beneficiary Designations and how one simple oversight could create major complications for your loved ones. From 401k Beneficiary forms to IRA Beneficiary rules, they break down real-world examples showing how outdated or incomplete beneficiaries can derail even the best Estate Planning intentions. They also explain why beneficiary forms override wills and trusts and how failing to verify your beneficiaries could unintentionally send your assets to the wrong person.

Listen in to learn about key Estate Planning tips that can help Protect Your Family, preserve Family Wealth Planning goals, and reduce unnecessary taxes for future generations. Radon and Murs explain concepts like Spousal Consent, Inherited IRA distribution rules, Per Stirpes, Per Capita, and disclaimer strategies that can dramatically impact your Retirement Beneficiaries. Whether you are building your retirement checklist, planning retirement, or trying to secure your retirement for the next generation, this episode provides practical guidance to help protect your assets and ensure your beneficiary wishes are carried out properly.

In this episode, find out:

Why Beneficiary Designations override wills and trusts in Estate Planning
The difference between a 401k Beneficiary and an IRA Beneficiary when it comes to Spousal Consent
How Inherited IRA rules under the SECURE Act can impact your family’s taxes
The difference between Per Stirpes and Per Capita beneficiary designations
Why reviewing beneficiaries regularly is essential for Retirement Planning and protecting family wealth

Tweetable Quotes:

“The beneficiary form trumps everything. You could have anything you want in your will, but if the beneficiary designation says something different, the beneficiary designation wins.” – Radon Stancil

“It’s not just about getting the money to the right person. It’s about getting it to them in the most tax-efficient way possible.” – Murs Tariq

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss the often-confusing world of taxes on sale of home and how different tax rules apply when selling your home versus selling rental property investments. Joined by Director of Financial Planning and Tax Strategist Taylor Wolverton, the conversation breaks down capital gains tax explained in a simple and practical way so retirees and pre-retirees can better understand how home sale taxes may impact their financial future. Whether you are downsizing, relocating, or considering selling rental property as part of your retirement planning strategy, this episode highlights the importance of understanding real estate taxes before making a major financial move.

Listen in to learn about home sale exclusion rules, depreciation recapture, capital improvements, and how Tax on home sale calculations can dramatically affect your retirement income and long-term financial security. Taylor explains how proper tax planning retirement strategies can help reduce unnecessary taxes and support your goals for retiring comfortably and helping to secure your retirement. If you are focused on financial planning for retirement, creating a retirement checklist, or trying to plan for retirement with confidence, this episode offers valuable insights into Retirement Planning and planning retirement around real estate decisions.

In this episode, find out:

How the IRS determines whether a property qualifies for the home sale exclusion
The difference between home sale taxes for a primary residence versus Rental property taxes
Why Capital improvements can help reduce your Capital gains tax when selling your home
How Depreciation recapture works when selling rental property
Important Retirement tax planning strategies to consider before selling real estate in Retirement

Tweetable Quotes:

“The IRS allows married couples filing jointly to exclude up to $500,000 of gain when selling a primary home if they meet the ownership and use tests.” — Radon Stancil

“Depreciation on rental property is a tremendous tax benefit while you own the property, but many people forget about depreciation recapture when they sell.” — Taylor Wolverton

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss the importance of choosing the right Self-Employed Retirement Accounts after transitioning from W-2 employment into the world of consulting, freelancing, or independent contracting. If you are earning 1099 income and wondering how to handle tax planning, build long-term wealth, and create a strategy for retiring comfortably, this episode breaks down the most effective small business retirement plans available today. From understanding tax deductible retirement contributions to comparing a Solo 401k, SEP IRA, Simple IRA, and even a Defined Benefit Plan, this episode helps self-employed professionals take control of their financial future and secure your retirement.

Listen in to learn about the different retirement savings options available for entrepreneurs, consultants, and independent contractors who want to maximize savings while reducing taxes. Radon and Murs explain how proper tax strategies for self employed individuals can dramatically impact long-term wealth accumulation and why creating a solid Retirement Planning strategy is essential when managing 1099 retirement income. Whether you are new to self-employment or already generating significant income, this conversation provides practical insights into Financial planning for retirement, minimizing taxes through the self employment tax deduction, and creating a smart path to planning retirement successfully.

In this episode, find out:

How a Solo 401k, SEP IRA, and Simple IRA compare for self-employed professionals
Why tax planning is critical when transitioning from W-2 income to 1099 consulting income
The benefits of Tax deductible retirement contributions and reducing taxable income
When a Defined Benefit Plan may make sense for high-income business owners
Key strategies to help you plan for retirement and build long-term financial independence

Tweetable Quotes:

“When you flip over into the 1099 world, while you are receiving income from someone else, you’re also your own employer.” – Radon Stancil

“The benefit of retirement contributions for self-employed individuals is that you’re not paying tax on those dollars today while building wealth for the future.” – Murs Tariq

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss the important transition from W-2 to 1099 income and what it really means to become a 1099 contractor. Whether you're considering Consulting income as part of a career shift, semi-retirement, or exploring Consulting after retirement, understanding the differences between W-2 vs 1099 is critical. This shift impacts everything from how you receive income to how you handle Estimated taxes, Tax deductions, and overall Tax strategy—all essential components of effective Retirement Planning and Financial planning for retirement.

Listen in to learn about the key financial and tax implications of earning Consulting income, including Quarterly tax payments, Estimated taxes, and the realities of managing your own income stream. If you’re planning retirement or building a retirement checklist that includes self-employment, this episode will help you better plan for retirement, avoid costly mistakes, and create a path toward retiring comfortably and secure your retirement.

In this episode, find out:

The key differences between W-2 vs 1099 and what it means to become a 1099 contractor
How Consulting income impacts Estimated taxes, Quarterly tax payments, and overall Tax strategy
Common misconceptions about LLCs and why they don’t automatically reduce taxes
Important Tax deductions available to self-employed individuals, including the home office deduction
How Consulting after retirement fits into broader Retirement strategies and Self-employed retirement planning

Tweetable Quotes:

"An LLC is a legal structure for protection—not a tax strategy that changes how your Consulting income is taxed." – Radon Stancil

"When you move from W-2 to 1099, you’re not just earning income—you’re responsible for managing your entire tax strategy and financial future." – Murs Tariq

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss why risk management in retirement planning goes far beyond just investment risk. While markets and portfolios often dominate the conversation, there are multiple retirement planning risks that can derail even the most well-thought-out plan. From income risk and tax planning risk to estate planning risk, liability risk, and the challenges of long-term care planning, this episode expands your perspective on what it truly takes to secure your retirement.

Listen in to learn about how overlooking risks like longevity risk, inflation risk, and sequence of returns risk can impact your ability to retire comfortably. Radon and Murs break down practical retirement strategies, including the three-bucket strategy, to help you build a comprehensive approach to retirement income planning and financial planning for retirement. If you're serious about creating a solid retirement checklist and want to confidently plan for retirement, this episode is a must-listen.

In this episode, find out:

Why risk management includes more than just investment risk in retirement planning
How sequence of returns risk and income risk can impact your retirement income planning
The importance of addressing tax planning risk and coordinating withdrawals strategically
How estate planning risk and liability risk can affect your legacy and asset protection
Why longevity risk, inflation risk, and long-term care planning are critical to planning retirement successfully

Tweetable Quotes:

“When it comes to retirement, focusing only on investment risk can leave you exposed to the risks that matter most.” – Radon Stancil
“A successful retirement plan isn’t just about growing your money—it’s about protecting it from income, tax, and longevity risks.” – Murs Tariq

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this Episode of the Secure Your Retirement Podcast, Radon Stancil and Murs Tariq discuss one of the most important decisions in retirement planning—when to take Social Security. Should you take Social Security early at 62, or should you consider delaying Social Security until age 70 to maximize your Social Security benefits? They break down the myths, the math, and the real-life scenarios that go into making the right Social Security decision as part of a well-rounded retirement financial plan.

Listen in to learn about how Social Security planning fits into your overall financial planning for retirement, and why there is no one-size-fits-all answer. Radon and Murs explain how factors like longevity, income needs, spousal Social Security benefits explained, and your overall retirement checklist all play a role in deciding whether to take Social Security early or wait. If you want to plan for retirement, understand your options, and retire comfortably, this episode will help you move closer to confidently securing your future.

In this episode, find out:

The pros and cons of taking Social Security early at 62 versus delaying Social Security to age 70
How to evaluate the Social Security decision based on your personal retirement planning strategies
Why maximizing benefits isn’t always the best answer for your retirement financial plan
Key scenarios where delaying Social Security may make sense, including longevity and income planning
How spousal Social Security benefits and legacy goals impact your decision

Tweetable Quotes:

“The real question isn’t how do I maximize Social Security—it’s how does Social Security best complement my overall retirement plan.” – Murs Tariq

“If the math shows you can have the same or more money by taking Social Security early, many people choose flexibility and peace of mind over waiting.” – Radon Stancil

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this Episode of the Secure Your Retirement Podcast, Radon Stancil and Murs Tariq discuss emerging Medicare policy changes with Medicare specialist Shawn Southard, focusing on a new Medicare pilot program introducing prior authorization into Original Medicare. This important conversation highlights how Medicare prior authorization could reshape retiree healthcare, especially for those relying on Medicare and Medigap plans for flexibility and simplicity in their retirement financial plan.

Listen in to learn about how Medicare changes in 2026 may impact Healthcare in retirement, including new Medicare coverage rules and the evolving Medicare approval process. The discussion explains prior authorization explained in simple terms and explores how these changes may affect Medicare costs, access to care, and long-term retirement planning strategies for those looking to retire comfortably and secure your retirement.

In this episode, find out:

What Medicare prior authorization is and how it changes the current structure of Original Medicare
Details of the Medicare pilot program launching in select states and what it could mean nationwide
How Medicare and Medigap plans may be impacted by new Medicare policy changes
Which procedures may require approval under new Medicare coverage rules
How these changes could affect your retirement checklist and overall plan for retirement

Tweetable Quotes:

“Prior authorization is about checking before a procedure happens instead of paying first and reviewing later—and that’s a big shift for Original Medicare.” – Murs Tariq

“Even if this starts as a small pilot program, the writing on the wall suggests it could expand and impact how retirees experience Medicare nationwide.” – Radon Stancil

As Medicare for retirees continues to evolve, understanding changes like prior authorization is essential for building a strong retirement financial plan. While the goal of these Medicare policy changes is to reduce fraud, waste, and rising Medicare costs, they may also introduce new administrative steps, potential delays, and added complexity in accessing care.

For those focused on planning retirement, staying informed about healthcare in retirement is just as important as managing investments. Whether you rely on Original Medicare, supplement with Medigap plans, or are evaluating options, being proactive about these changes can help you better plan for retirement, update your retirement checklist, and continue retiring comfortably with confidence.

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss the latest economic update with returning guest Tom Siomades, taking a closer look at retirement and the economy during a season filled with uncertainty. From war and government shutdown concerns to inflation, interest rates, and market volatility, this conversation highlights how today’s headlines can influence a thoughtful retirement investment strategy. For anyone focused on financial planning for retirement, this episode offers perspective on balancing retirement risks with long-term confidence.

Listen in to learn about how the current market update and broader economic outlook may affect your retirement planning, your portfolio, and your peace of mind. Radon, Murs, and Tom explore the importance of retirement diversification, staying disciplined during uncertainty, and evaluating both retirement opportunities and near-term challenges. Whether you are building a retirement financial plan, reviewing your retirement checklist, or trying to plan for retirement in a changing world, this quarterly market update offers practical retirement tips to help you stay focused on what matters most and continue planning retirement with clarity.

In this episode, find out:

Why current events are shaping the conversation around retirement and the economy, including war, inflation, and government uncertainty
How interest rates, oil prices, and tariffs may impact the latest market update and overall economic outlook
Why retirement diversification remains essential when navigating market volatility and long-term retirement risks
What positive signs still exist in the economy and where potential retirement opportunities may be emerging
How a disciplined retirement investment strategy can support retirement income, help you retire comfortably, and ultimately secure your retirement

Tweetable Quotes:

“The simple question during times like this is: am I still on track? That’s what a strong retirement financial plan is designed to answer.” — Radon Stancil

“When markets feel uncertain, it’s not the time to make emotional decisions. It’s the time to lean on your plan, your diversification, and your long-term strategy.” — Murs Tariq

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss how retirement planning must evolve once you transition from working to living off your savings. They explore why retirement is not a “set it and forget it” phase, but rather a critical shift from accumulation to distribution—where retirement income planning, retirement cash flow, and tax strategies for retirement become the primary focus. This conversation highlights how thoughtful financial planning for retirement can help reduce stress and give you confidence as you plan for retirement.

Listen in to learn about how to build a flexible and sustainable retirement distribution strategy, avoid costly mistakes like sequence of returns risk, and implement proven retirement planning tips such as the retirement bucket strategy. Radon and Murs also discuss how ongoing adjustments in your retirement financial plan, including retirement tax planning, retirement healthcare planning, and estate planning in retirement, can help you retire comfortably and truly secure your retirement.

In this episode, find out:

How to transition from saving to spending with a clear retirement income planning approach
Why a well-structured retirement distribution strategy is key to managing taxes and longevity
How the retirement bucket strategy helps protect against sequence of returns risk
The importance of creating a sustainable retirement cash flow and revisiting it annually
How retirement tax planning, retirement healthcare planning, and estate planning in retirement all work together in a complete plan

Tweetable Quotes:

“Retirement planning doesn’t stop when you retire—it evolves into a strategy focused on turning your savings into reliable income for life.” – Radon Stancil

“The biggest challenge in retirement isn’t building wealth—it’s creating a sustainable income plan that reduces stress and adapts as life changes.” – Murs Tariq

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss how ongoing Geopolitical Risk and global uncertainty are impacting today’s markets and what that means for your retirement financial plan. With rising tensions, inflation concerns, and unpredictable global events driving market volatility, they explore how investors can shift from reactive decisions to proactive smart money investments. This episode highlights how a well-structured retirement investment strategy can help you stay confident—even when headlines create fear.

Listen in to learn about how to build a resilient smart investment plan that helps protect your retirement during uncertain times. Radon and Murs break down key financial planning strategies for 2026, including how to reduce sequence of returns risk, incorporate alternative investments and private investments, and utilize tools like fixed index annuities to create stability. If you’re focused on planning retirement, creating a retirement checklist, and ultimately retiring comfortably, this episode will help you secure your retirement with confidence.

In this episode, find out:

How Geopolitical Risk and global uncertainty contribute to market volatility and investor anxiety
Why a balanced retirement investment strategy should include both growth and protection
The importance of asset location and how it differs from traditional diversification
How alternative investments and private investments can reduce overall portfolio risk
How fixed index annuities can help manage sequence of returns risk and provide stable income

Tweetable Quotes:

“When your income is protected and not tied to the market, it becomes much easier to ride out volatility and stay confident in your retirement plan.” – Murs Tariq

“The goal isn’t to eliminate risk—it’s to design a smart investment plan where your money is working in different ways at different times.” – Radon Stancil

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this Episode of the Secure Your Retirement Podcast, Radon Stancil and Murs Tariq discuss the powerful Mega Backdoor Roth strategy with Director of Financial Planning and Tax Strategy, Taylor Wolverton. They break down how high-income earners can potentially create tax free wealth using advanced Roth 401k strategy techniques, including 401k after tax contributions and in-plan conversions. This episode dives into how these lesser-known financial planning strategies can help individuals who are serious about retirement tax planning and building a strong retirement financial plan.

Listen in to learn about the differences between a Mega Backdoor Roth, a Backdoor Roth IRA, and traditional retirement savings strategies. Radon, Murs, and Taylor explain the role of 401k contribution limits, Roth IRA income limits, and how these strategies may help high-income earners implement a smart tax strategy designed to maximize tax free retirement income. If you’re focused on planning retirement, creating a retirement checklist, and learning how to retire comfortably, this episode offers valuable insights to help you secure your retirement.

In this episode, find out:

How the Mega Backdoor Roth works and why it can be a powerful high income tax strategy
The difference between after-tax 401k contributions, traditional 401k contributions, and Roth options
How Roth conversion strategies can potentially turn taxable growth into tax free retirement income
The key differences between a Backdoor Roth IRA and the Mega Backdoor Roth 401k strategy
Important considerations when including this strategy in your retirement financial plan and overall retirement planning strategy

Tweetable Quotes:

“The reason people call it a Mega Backdoor Roth is because you’re not contributing directly to the Roth 401k—you’re contributing after-tax dollars and converting them to build a larger tax-free portfolio.” – Radon Stancil

“If your income is above the Roth IRA income limits, you may still have options to get money into a Roth through strategies like the Backdoor Roth IRA or Mega Backdoor Roth.” – Murs Tariq

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss the stock market outlook 2026 and what investors should be paying attention to as headlines around inflation, geopolitical tension, tariffs, and government uncertainty continue to drive market volatility. With markets coming off multiple strong years of performance, they break down what’s really happening beneath the surface — and how to think about market risks and market opportunities without letting emotions derail your long-term plan for Retirement.

Listen in to learn about how inflation and the stock market are connected, why proper diversification goes beyond simply owning multiple funds, and how a thoughtful retirement investing strategy — built around the three-bucket strategy — can help you stay confident no matter what 2026 brings. If you're focused on retirement income planning, protecting gains after a strong run-up, and building a Retirement financial plan that allows you to retire comfortably, this episode delivers timely perspective and practical guidance.

In this episode, find out:

Why the stock market outlook 2026 is shaped by inflation, global leadership changes, and concentrated tech exposure
How hidden concentration risk can undermine your diversification strategy — even if you own multiple funds or advisors
The importance of disciplined portfolio rebalancing after several strong market years
How the three-bucket strategy supports stability, growth, and income during periods of market volatility
Why integrating investments with taxation, withdrawals, estate planning, and income creates a stronger retirement financial planning framework.

Tweetable Quotes:

"Diversification isn’t about how many accounts you have — it’s about making sure your investments aren’t all exposed to the same risk." — Radon Stancil

"There’s always going to be something creating market volatility. The key is having a plan in place before it happens." — Murs Tariq

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss one of the most common questions in Retirement Planning today: how much cash is too much cash? With Money market rates falling and Interest rates 2026 expected to continue shifting, many retirees are rethinking their cash reserves in retirement. What once felt safe and productive at 5% in a money market or CD now may be losing ground to inflation and creating unintended tax consequences.

Listen in to learn about how a proper Retirement financial plan helps determine the right balance between liquidity and long-term growth. Whether you're saving for retirement, saving for retirement at 50, or already focused on Retirement income planning, this episode will walk you through how the Three bucket strategy can help you protect your lifestyle, manage Taxes on interest income, avoid surprises with Medicare income and IRMAA income, and ultimately retire comfortably while maintaining flexibility and peace of mind.

In this episode, find out:

Why having too much in your Cash bucket could hurt your long-term Retirement investing strategy
How declining Money market rates and Interest rates 2026 impact your retirement savings
The hidden impact of Taxes on interest income and how excess cash can increase Medicare income and IRMAA income
How inflation erodes cash savings and affects Inflation savings over time
How the Three bucket strategy supports a balanced plan for retirement and helps secure your retirement

Tweetable Quotes:

“Cash feels safe, but too much cash in the wrong environment can quietly cost you millions over a 30-year retirement.” – Radon Stancil

“Your financial plan should drive how much cash you hold — not today’s money market rate.” – Murs Tariq

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss the evolution of investing—from individual stocks to mutual funds to Exchange Traded Funds—and why technology is changing how portfolios are built today. If you've ever wondered about Stocks vs ETFs, Stocks vs mutual funds, or ETFs vs mutual funds, this episode breaks down the differences in a way that connects directly to your long-term Retirement Planning goals and overall Investment portfolio strategy.

Listen in to learn about how reducing internal costs, understanding expense ratios explained, and improving portfolio efficiency can make a significant impact on your long-term results. Whether you're focused on Stock market investing, building an Index investing strategy, or refining your Retirement investing strategy, this episode will help you better understand how the right structure can help you plan for retirement, follow a smart retirement checklist, and ultimately secure your retirement.

In this episode, find out:

The real differences in Stocks vs ETFs, Stocks vs mutual funds, and ETFs vs mutual funds
How technology now allows for efficient Stock indexing without high internal fund costs
Why lowering expense ratios and reducing hidden fees leads to Lower investment fees and better long-term outcomes
How Portfolio rebalancing and index tracking improve your overall Investment portfolio strategy
When to use individual stocks, Exchange traded funds, or mutual funds inside a complete Retirement financial plan

Tweetable Quotes:

“Technology has now allowed us to replicate an index using individual stocks and eliminate layers of internal fund costs.” — Radon Stancil

“Our investment philosophy hasn’t changed — but the tools we use to make portfolios more efficient absolutely have.” — Murs Tariq

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss why retirement stress, retirement anxiety, and fear around market volatility are rarely about the markets themselves—and almost always about unanswered questions. After years of uncertainty driven by inflation, interest rate changes, and economic shocks, many people approaching retirement realize that stress doesn’t come from short-term market swings, but from not having a clear retirement financial plan. Without a defined withdrawal strategy, retirement income planning, tax planning in retirement, and estate planning basics, even strong market years can still feel overwhelming.

Listen in to learn about how holistic financial planning creates true peace of mind in retirement. Radon and Murs break down how retirement risk management, income planning in retirement, Social Security planning, Medicare planning, long-term care planning, and tax planning strategies work together to reduce anxiety. By focusing on structure—rather than speculation—you can build retirement confidence, follow a clear retirement checklist, and move toward retiring comfortably with a plan designed to secure your retirement.

In this episode, find out:

Why retirement anxiety is driven more by unanswered questions than market volatility
How the Three Bucket Strategy supports income planning, withdrawal strategy, and retirement confidence
The five critical areas of retirement planning, including tax planning, Medicare planning, and estate planning
How holistic financial planning helps manage required minimum distributions and early retirement strategy
Why having a written retirement financial plan reduces stress and supports peace of mind in retirement

Tweetable Quotes:

“A bad market day won’t ruin your retirement, and a great market day won’t make it successful—it’s the plan that matters.” — Radon Stancil
“Retirement stress fades when every part of your retirement financial plan is being monitored, implemented, and nurtured.” — Murs Tariq

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss the launch of their new retirement planning book, The Peace of Mind Pathway, and why they felt compelled to create a clearer, more practical approach to Retirement Planning. After years of working with families approaching or already in Retirement, they saw a recurring challenge: people could be great savers yet still lack Retirement confidence. This episode explains how a truly holistic financial planning approach helps connect the dots between investments, income, taxes, healthcare, and legacy—so you can truly plan for retirement with clarity and purpose.

Listen in to learn about how Peace of Mind Wealth Management designed a comprehensive Retirement financial plan that goes beyond investments and focuses on real-life decision-making. From Income planning in retirement and Tax planning strategies to Medicare planning, Long term care planning, Estate planning, and Social Security planning, Radon and Murs break down the Peace of Mind Pathway framework that helps families retiring comfortably and working toward a goal to secure your retirement.

In this episode, find out:

Why a retirement planning book focused on holistic planning is critical for today’s retirees
How the Peace of Mind Pathway ties together risk management, income, taxes, healthcare, and legacy
What role Required minimum distributions play in your overall Retirement financial plan
How to think through early retirement strategy decisions, including healthcare before Medicare
Why having a connected team matters when planning retirement and following a retirement checklist

Tweetable Quotes:

“Retirement isn’t just about having money—it’s about having clarity, confidence, and a plan that works together.” — Radon Stancil
“Good savers often feel the most anxiety because they don’t know what questions to ask when planning retirement.” — Murs Tariq

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss a comprehensive portfolio update, economic update, and market update designed to help retirees and pre-retirees stay grounded during uncertain times. With headlines driving fear and optimism in equal measure, they break down how a disciplined retirement portfolio strategy and long-term investment strategy can help investors navigate volatility while staying positioned for growth. From geopolitical uncertainty to inflation pressures, this episode reinforces why planning—not prediction—is essential to secure your retirement.

Listen in to learn about how today’s economic environment connects directly to your retirement income planning and overall retirement planning process. Radon and Murs revisit the Three Bucket Strategy, explaining how a well-structured core portfolio strategy, tactical investing strategy, and exposure to alternative investments can work together to manage risk. As they explore the stock market outlook 2026, inflation and retirement concerns, and market volatility planning, you’ll gain clarity on how to plan for retirement, follow a practical retirement checklist, and ultimately focus on retiring comfortably.

In this episode, find out:1. How the Three Bucket Strategy supports risk management investing and predictable retirement income 2. Why market headlines don’t always align with long-term market update realities 3. How tactical investing and alternative investments can reduce portfolio volatility 4. What inflation and retirement trends mean for planning retirement in 2026 5. Why sticking to a disciplined retirement investment strategy matters more than ever

Tweetable Quotes:1. “You can’t control headlines or politics, but you can control your retirement plan and how much risk you take.” — Radon Stancil 2. “When different parts of your portfolio have different jobs, market volatility becomes much easier to live with.” — Murs Tariq

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss one of the biggest fears retirees face: How people run out of money in retirement—and more importantly, how to avoid it. Drawing from a widely shared Investopedia article, they break down five common mistakes that can derail even the best-laid plans and apply the Peace of Mind Wealth Management perspective to help you never run out of money in retirement. Whether you’re just beginning to plan for retirement or already retired, this conversation highlights why a thoughtful retirement spending plan and proactive retirement income planning are essential.

Listen in to learn about practical retirement planning tips that go beyond generic advice and focus on real-world retirement challenges like managing taxes, building a smart retirement withdrawal strategy, and revisiting your plan as life changes. Radon and Murs explain how knowing your spending, understanding IRA withdrawal rules, and implementing strategies like the Three Bucket Strategy and Roth conversion strategy can help you retire comfortably and secure your retirement for decades to come.

In this episode, find out:

Why knowing your spending is the foundation of a sustainable retirement spending plan
How retiring too early without a plan for retirement can increase the risk of running out of money
How tax planning in retirement, including Roth conversions and IRA withdrawal rules, impacts long-term success
How Medicare IRMAA and the IRMAA surcharge can surprise retirees without proper planning
Why revisiting your retirement checklist regularly is critical to retiring comfortably

Tweetable Quotes:

“It doesn’t matter how much money you have—if your spending isn’t aligned with your plan, you can still run out of money in retirement.” — Radon Stancil
“A successful retirement income plan isn’t set it and forget it; it’s something you nurture year after year.” — Murs Tariq

This episode reinforces why comprehensive retirement planning, thoughtful tax planning in retirement, and ongoing adjustments are key to planning retirement with confidence. By focusing on retirement income planning, balancing growth and protection, and understanding how taxes affect your withdrawals, you can reduce anxiety and move closer to truly retiring comfortably.

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss why the beginning of the year is one of the most important times for smart tax decisions and how early planning can prevent costly mistakes later. With the help of their Director of Financial Planning and Tax Strategy, Taylor Wolverton, they walk through practical smart tax strategies designed to support effective tax planning in retirement and help you stay ahead with a proactive tax planning checklist. From contribution rules to charitable strategies, this episode focuses on building a strong foundation for retirement tax planning that supports long-term confidence.

Listen in to learn about key decisions that impact your ability to plan for retirement, reduce unnecessary taxes, and ultimately secure your retirement. Whether you are still working, transitioning into Retirement, or already planning retirement income, these insights can help you align your retirement checklist with current rules, deadlines, and opportunities—so you can focus on retiring comfortably without last-minute surprises.

In this episode, find out:1. How the 401k catch up rule works, including 401k catch up contributions and updated 2026 401k contribution limits 2. Why the IRA contribution deadline matters and how a Roth IRA contribution can still be made after year-end 3. How qualified charitable distribution strategies work, including important QCD rules 4. When it may make sense to donate stock to charity versus giving cash and how this affects your charitable deduction 5. How income choices impact a long-term Roth conversion strategy and overall retirement tax planning

Tweetable Quotes:1. “The beginning of the year is where smart tax planning really starts—what you do now determines how much flexibility you’ll have later.” — Radon Stancil 2. “Tax planning in retirement isn’t just about deductions; it’s about choosing the right accounts at the right time.” — Murs Tariq

Understanding how the standard deduction, charitable strategies, and income planning work together is a critical part of Retirement Planning. From managing distributions to timing conversions, early awareness helps avoid mistakes that can limit your ability to secure your retirement and maintain tax efficiency throughout the year.

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss why Medicare 2026 is shaping up to be one of the most impactful years for retirees and those approaching retirement. With major Medicare updates, rising Medicare costs 2026, and several Medicare new rules taking effect, understanding how these changes affect your overall Retirement Planning is more important than ever. From prescription drug reforms to premium increases and income-based adjustments, Medicare is not something you can afford to “set and forget” when you’re planning retirement and working to secure your retirement.

Listen in to learn about how Medicare Part B premium 2026 increases, IRMAA surcharges, and Medicare income limits 2026 can directly impact your cash flow in retirement. Radon and Murs also explore how Medicare planning fits into a comprehensive strategy to help you retire comfortably, avoid costly surprises, and align your healthcare decisions with your long-term retirement checklist and broader financial plan.

In this episode, find out:

How Medicare drug price negotiations and Medicare Part D changes 2026 are lowering costs for certain prescriptions
What the new Medicare out of pocket cap means for retirees with high prescription drug expenses
Why the increase in Medicare Part B premium 2026 matters for your monthly retirement income
How IRMAA surcharges and income from strategies like Roth conversions can affect your Medicare premiums
What Medicare does not cover, including the difference between a Medicare wellness visit and a traditional physical, plus updates on Telehealth Medicare

Tweetable Quotes:

“Medicare isn’t separate from your financial plan—it’s interconnected with your taxes, income, and investment strategy.” — Radon Stancil
“One decision, like a Roth conversion, can trigger higher Medicare premiums if you don’t account for IRMAA.” — Murs Tariq

Understanding Medicare 2026 is a critical part of Retirement Planning, whether you’re already enrolled or just beginning to plan for retirement. Staying informed about Medicare updates, knowing your coverage gaps, and proactively planning can make a meaningful difference in how confidently you approach Retirement.

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss a comprehensive market update 2025 recap and how lessons from last year can help investors confidently plan for retirement as we move into 2026. They reflect on policy changes, inflation trends, interest rate shifts, and how thoughtful portfolio risk management and managing market volatility can turn uncertainty into opportunity—especially for those focused on retiring comfortably and achieving true peace of mind.

Listen in to learn about how disciplined retirement investment strategies, including diversification, the three bucket strategy, and proactive tax planning, help create a resilient retirement portfolio. Radon and Murs break down how peace of mind investing isn’t about chasing returns, but about building systems that support income, growth, and stability—no matter what the markets bring—so you can confidently secure your retirement.

In this episode, find out:

How the Market update 2025 sets the stage for smarter investment strategies in 2026
Why managing market volatility matters more than chasing high returns in retirement
How the three bucket strategy balances income, safety, and growth bucket investing
The role of tax efficient investing, including direct indexing strategy, tax loss harvesting, and capital gains planning
How alternative investments can reduce volatility and strengthen a long-term retirement portfolio

Tweetable Quotes:

“If your portfolio is designed correctly, you don’t have to sweat market corrections—you can still sleep at night and enjoy retirement.” — Radon Stancil
“Peace of mind investing comes from managing risk and taxes, not swinging for home runs.” — Murs Tariq

From retirement planning basics and a practical retirement checklist to advanced strategies like direct indexing strategy and alternative investments, this episode ties together everything needed for effective planning retirement. Whether you’re years away or already retired, these insights help you build confidence, reduce stress, and move closer to secure your retirement.

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this Episode of the Secure Your Retirement Podcast, Radon Stancil and Murs Tariq discuss a major Vanguard announcement that signals a meaningful shift in retirement planning. For years, annuities were often dismissed by large investment firms, yet today we are seeing industry leaders embrace their role in guaranteed income in retirement. Vanguard’s move to introduce a 401k annuity option inside the Vanguard retirement plan validates what many retirees already need—predictability, income, and risk control as they plan for retirement.

Listen in to learn about why annuities in 401k plans are gaining traction, how fixed annuities can serve as a bond alternative, and why firms like Fidelity retirement, BlackRock retirement, and Vanguard are acknowledging the importance of retirement income planning in the face of ongoing market volatility. Radon and Murs explain how this evolution helps investors create your own pension, supports retiring comfortably, and strengthens efforts to secure your retirement.

In this episode, find out:

Why the Vanguard announcement is a turning point for annuities retirement strategies
How guaranteed income in retirement helps offset market volatility
What a 401k annuity option really means for retirement planning
When IRA rollover options may provide more flexibility than a company 401k
How the Three Bucket Strategy simplifies planning retirement and managing risk

Tweetable Quotes:

“As you approach retirement, predictability and reliable income matter just as much as growth.” — Radon Stancil
“Annuities aren’t about giving up growth; they’re about creating confidence and peace of mind in retirement.” — Murs Tariq

By combining growth assets with income-focused strategies, retirees can follow a clearer retirement checklist, reduce stress during volatile markets, and build a customized retirement planning approach. Whether inside a Vanguard retirement plan or through broader IRA rollover options, the goal remains the same: thoughtful planning, smarter risk management, and a strategy designed to help you plan for retirement with confidence.

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss a comprehensive year-end tax checklist designed specifically for those in or nearing retirement. As the calendar winds down, it’s easy to overlook critical financial decisions that can significantly impact your retirement income tax and long-term retirement planning. This conversation walks through the most important year-end financial checklist items to help you avoid costly mistakes, missed deadlines, and unnecessary taxes as you plan for retirement.

Learn how a proactive retirement checklist can help you move from simply reacting at tax time to intentionally planning retirement with confidence. From required minimum distributions and the RMD deadline to charitable giving strategies and health savings account strategy, this episode reinforces why year-end planning is essential for retiring comfortably and helping to secure your retirement.

Listen in to learn about the practical steps you should take before December 31st to align your retirement planning with tax efficiency. Radon and Murs break down complex topics like capital gains tax planning, tax loss harvesting, and donor advised fund strategies into clear, actionable guidance. Whether you’re already retired or still planning retirement, this episode helps you connect year-end decisions to long-term retirement success.

In this episode, find out:1. How to avoid penalties by meeting the RMD deadline and properly handling required minimum distributions 2. Why tax loss harvesting and capital gains tax planning can play a major role in retirement income tax management 3. How charitable giving strategies, like a qualified charitable distribution and a donor advised fund can create powerful tax benefits 4. Why a health savings account strategy is one of the most overlooked tools in retirement planning 5. How a year-end financial checklist supports a smarter plan for retirement and long-term peace of mind

Tweetable Quotes:1. “If you wait until the end of the year to think about taxes, you’re already behind—retirement planning works best when it’s proactive.” — Radon Stancil 2. “A simple year-end tax checklist can be the difference between unnecessary penalties and retiring comfortably with confidence.” — Murs Tariq

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss the real-life complexities behind early retirement planning and what happens when couples don’t agree on retirement goals. Using a recent MarketWatch article as a springboard, they explore whether a couple with $2 million can truly retire early while juggling differences in spending expectations, lifestyle priorities, and retirement risk management. This episode offers valuable retirement planning tips for anyone asking “can I retire with 2 million?”, “can I retire at 55?”, or how to secure your retirement when spouses have competing visions for their future.

Listen in to learn about how emotions, career stress, financial planning for couples, and the FIRE movement retirement mindset affect early retirement decisions. Radon and Murs break down Medicare retirement considerations, Social Security timing challenges, retirement income strategy development, and the hidden dangers of day trading risks and options trading risks when someone tries to “make early retirement work” through high-risk investing. If you're navigating retirement planning at 50 or planning retirement with a partner who’s not on the same page, this conversation offers clarity, humor, and a practical retirement checklist to help you move forward confidently.

In this episode, find out:· How couples can resolve conflicting retirement goals when one wants to retire early and the other wants to maintain lifestyle freedom.

· Why understanding the real reason behind wanting early retirement is essential to planning retirement effectively.

· The major financial risks of relying on day trading or options trading to fund retirement income.

· How to build a retirement income strategy that supports Medicare retirement costs, travel goals, and long-term financial security.

· Why the Peace of Mind Pathway helps couples retire comfortably and plan for retirement with less stress and more clarity.

Tweetable Quotes:“Retirement Planning isn’t just about math—it's also about emotions, goals, and making sure both spouses feel secure in the plan.” — Radon Stancil

“If early retirement adds more stress than your job does, then it’s not truly helping you secure your retirement.” — Murs Tariq

Resources:If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss how financial scams are coming from every direction—phone calls, email phishing scams, text message scams, social media, and even door-to-door encounters—and why a little healthy skepticism is now a key part of scam prevention. They share real-world scam alert examples hitting their community right now, especially senior scams, and explain how staying cautious can protect both your money and your mindset as you work to secure your retirement.

Listen in to learn about how to avoid scams by slowing down when urgency hits, verifying sources before clicking anything, and recognizing the red flags behind gift card scams, IRS scam calls, and the increasingly convincing threats of AI voice cloning scams and deepfake scam tactics. These practical cybersecurity tips also support smart identity theft prevention—an important part of retirement planning for anyone who wants to keep retiring comfortably on track.

In this episode, find out:· How gift card scams exploit the holiday rush and why “pay with gift cards” is a major scam alert

· Why IRS scam calls and “official” threats (like unpaid penalties) are designed to trigger fear and urgency

· How a jury duty scam can use phone number spoofing to appear like it’s coming from a real sheriff’s department

· The best ways to avoid clicking links in email phishing scams and text message scams, even when they look legitimate

· How emerging tech (like AI voice cloning scams and deepfake scam videos) is changing the landscape of senior scams and financial scams

Tweetable Quotes:· Radon Stancil: “If you ever get a call from a police department or sheriff’s department saying you have a warrant for your arrest or you missed jury duty—it’s a scam. Hang up.”

· Murs Tariq: “If there’s urgency, weird payment methods like gift cards or crypto, or they want you to click right now—pause and ask why.”

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss the November market update and how recent events have shaped the stock market volatility investors have experienced. From a tense government shutdown to missing economic data, rising interest rates, and uncertainty around inflation and investing, November brought no shortage of challenges. Radon and Murs break down what happened—and why staying grounded in long-term strategy is crucial when navigating volatile markets. This episode sets the stage for understanding not just what moved the markets, but how to approach managing market risk with confidence.

Listen in to learn about the ripple effects November’s disruptions had on the economy, the rapid swings in AI stocks, and what the Federal Reserve is considering as we move toward year-end. You'll also hear how a well-structured retirement portfolio—especially one built on bucket strategy investing—can help you plan for retirement, stay calm, and retire comfortably even when volatility spikes. With long term retirement planning always top of mind, Radon and Murs share insights that promote clarity, stability, and a path to secure your retirement.

In this episode, find out:

How the November market review was influenced by the extended government shutdown and delayed economic data.
Why interest rates, inflation numbers, and Federal Reserve uncertainty added to stock market volatility.
What drove turbulence in the technology sector—especially surrounding AI stocks and concerns over an AI bubble.
How volatile markets can impact your retirement portfolio and why understanding retirement investing strategies is essential.
The importance of a structured Bucket Strategy for managing market risk and creating predictable income in retirement.

Tweetable Quotes:

Radon Stancil: “One thing that ends up being good can lead us right back to something that causes worry—that’s why having a strategy matters, regardless of what the markets are doing.”

Murs Tariq: “Volatility is triggered by moments inside and outside the stock market, which is why a well-designed retirement plan must be built to withstand the unexpected.”

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss how to approach retirement income planning with confidence so you can retire comfortably and secure your retirement. With people living longer, dealing with market volatility, navigating retirement income and taxes, and planning around retirement and inflation, creating a strategy that works for decades is more essential than ever. They break down how to create retirement income that can last 30–40+ years while maintaining peace of mind in retirement.

Listen in to learn about the simple yet powerful Retirement Bucket Strategy—cash, income safety, and growth—and how each piece works together to help you plan for retirement at 50, retirement planning at 55, or retirement planning at 60. You’ll also learn how different tax buckets (pre-tax, taxable, and tax-free) impact your retirement withdrawal strategy and long-term retirement planning strategies so you can build an income in retirement that keeps up with life, goals, and inflation.

In this episode, find out:

How to structure your money using the Retirement Bucket Strategy to create retirement income that lasts.
Why market volatility, taxes, inflation, and longevity must be factored into every retirement income plan.
The difference between pre-tax, taxable, and tax-free retirement buckets—and how each impacts your long-term plan for retirement.
How fixed index annuities, cash reserves, and growth investments can work together within a retirement income planning framework.
A real-life scenario showing how to build a retirement withdrawal strategy across multiple buckets for long-term stability.

Tweetable Quotes:

“When you structure your retirement income the right way, you remove anxiety and gain true peace of mind in retirement.” — Radon Stancil

“Diversifying across investment buckets and tax buckets is what makes a retirement income plan strong, flexible, and built to last.” — Murs Tariq

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss four powerful tax strategies you can start looking at now to lower your 2025 tax bill and create more long-term flexibility in retirement. They unpack the difference between simple tax filing and true tax planning, walking through how proactive tax projections, IRA tax planning, and coordinated strategies can help reduce taxes over your lifetime—not just this year. You’ll hear how their team uses a comprehensive tax checklist and planning process to help you secure your retirement and avoid costly surprises.

Listen in to learn about practical ways to reduce taxes, from Qualified Charitable Distributions (QCDs) and Donor Advised Funds to Tax Loss Harvesting inside a Direct Indexing strategy, and long-term Roth conversion planning. Whether you’re focused on charitable giving strategies, concerned about Medicare IRMAA surcharges, or just looking for tax savings tips and ideas on how to save on taxes in retirement, this episode will help you think beyond April 15 and build a smarter, more intentional retirement tax plan.

In this episode, find out:· The key difference between tax filing and true tax strategy—and why tax moves to lower your 2025 bill must be done before December 31.

· How Qualified Charitable Distributions (QCDs) can lower your taxable income, satisfy Required Minimum Distributions (RMDs), and help you avoid Medicare IRMAA surcharges.

· Ways a Donor Advised Fund can “bunch” charitable giving, turn what you were already going to give into a bigger deduction, and enhance your overall charitable giving strategies.

· How a Direct Indexing strategy with ongoing Tax Loss Harvesting can create “tax alpha,” making your brokerage account more tax-efficient and reducing capital gains over time.

· Why a multi-year Roth conversion plan—guided by tax projections—can dramatically lower lifetime retirement taxes for you and your heirs, and support a more confident retirement planning and retiring comfortably strategy.

Tweetable Quotes:“Real tax planning is not about what happened last year—it’s about using tax projections and tax strategies today so you can decide how and when you want to pay taxes over your lifetime.” — Murs Tariq

“When you combine tools like Qualified Charitable Distributions, Donor Advised Funds, tax loss harvesting, and Roth conversions, you’re not just checking a tax box—you’re building a coordinated tax plan that can help you save on taxes and truly secure your retirement.” — Murs Tariq

Resources:If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!"

To access the course, simply visit POMWealth.net/podcast.

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In this episode of the Secure Your Retirement Podcast, Radon and Murs discuss how alternative investments can play a valuable role in portfolio management and retirement investing. They’re joined by Brooke Garcia, a Certified Financial Planner™, Chartered Financial Analyst®, and Chartered Alternative Investment Analyst®, who brings deep expertise in private markets investing, risk management for investors, and portfolio diversification strategies.

They explore how adding non-correlated assets such as private equity or private credit investing can help improve portfolio balance and reduce portfolio risk—especially when the traditional 60/40 portfolio approach no longer provides the same stability. This insightful discussion dives into how alternative investments can create a more tax efficient portfolio and contribute to a smoother investment experience during volatile market cycles.

Listen in to learn about how alternative investments explained by Brooke can reshape the way you think about diversification and retirement planning strategies. You’ll discover how these vehicles can provide access to opportunities outside of the public markets, deliver potential capital gains strategy benefits, and offer unique tools for investment risk management. If you’re exploring ways to plan for retirement, retiring comfortably, and secure your retirement, this episode is packed with insights that connect tax planning, index replication, and tax loss harvesting into a broader tax strategy that enhances long-term wealth management.

In this episode, find out:

What alternative investments are and how they differ from traditional stocks and bonds.
Why private markets investing may provide higher returns and smoother volatility.
How to use non-correlated assets to build a more diversified portfolio and improve portfolio balance.
Key considerations about liquidity, manager due diligence, and position sizing in alternative investments.
How a well-designed diversification strategy supports long-term retirement planning and tax efficiency.

Tweetable Quotes:

“When bonds and stocks fall together, that’s when investors start to realize the importance of alternative investments in balancing risk.”

— Radon Stancil

“Alternative investments aren’t perfect for everyone, but everyone should evaluate whether they can play a role in their plan for retirement.”

— Murs Tariq

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss how today’s market update ties directly into smarter portfolio management and building a Tax Efficient Portfolio for your non-IRA accounts. From headlines about new highs to rate cuts and tariffs, they translate noise into strategy—focusing on tax planning, tax strategy, and tax efficiency so you can secure your retirement with confidence.

Listen in to learn about using Direct indexing with Tax loss harvesting to mirror an index while managing investment taxes, handling concentrated stock positions, and customizing holdings (think: Index replication without the positions you don’t want). You’ll also hear practical retirement planning strategies to stay diversified, manage risk, and plan for retirement so you’re retiring comfortably with a clear retirement checklist and a resilient approach to Retirement Investing and Investment risk management.

In this episode, find out:· How recent Fed moves and headlines factor into a pragmatic market update and what that means for Retirement Planning and risk management.

· The core–tactical–bonds/alternatives blend that creates a Diversified portfolio beyond just stocks to smooth volatility.

· What Direct indexing is, how Index replication works with 50–75 stocks, and why Tax loss harvesting can add meaningful tax alpha.

· Ways to unwind a concentrated position (e.g., long-held company stock) using harvested losses and a phased Capital gains strategy.

· How to tailor portfolios (even in IRAs) to exclude specific stocks while still tracking an index—supporting your personalized planning retirement goals.

Tweetable Quotes:· “We’re not stock-picking heroes—we’re replicating the index and using tax efficiency to your advantage.” — Radon Stancil

· “With Direct indexing, you can make money and harvest losses at the same time—powerful for investment taxes in non-IRA accounts.” — Murs Tariq

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!"

To access the course, simply visit POMWealth.net/podcast.

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In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss the key themes shaping the 2025 economic outlook — from the Federal Reserve outlook and potential Fed rate cuts in 2025 to ongoing tariffs, inflation, and the evolving role of AI and the economy. Joined by returning guest Tom Siomades, they break down what retirees and investors need to know as we head toward the end of the year. This conversation goes beyond headlines, providing real perspective on what’s happening with the economy, stock market outlook, and how global events—like China trade tariffs and the race for rare earth metals—could influence your retirement investing in 2025.

Listen in to learn aboutthe trends behind money market rates, the S&P 500 outlook, and how market volatility in 2025 could shape retirement planning strategies. You’ll also hear how shifts in AI, international trade, and interest rates may impact your ability to plan for retirement, stay on your retirement checklist, and continue retiring comfortably with confidence.

In this episode, find out:· Why ongoing China trade tariffs and access to rare earth metals are creating ripple effects across global markets.

· How the Federal Reserve outlook and potential Fed rate cuts in 2025 could affect money market rates and long-term investing strategies.

· Why Inflation in 2025 still lingers above target and how it’s influencing both spending and retirement portfolios.

· The growing connection between AI and the economy, and whether the market might be in an “AI bubble.”

· What retirees can do now to balance safety and growth in a world of market volatility and changing stock market outlooks.

Tweetable Quotes:“The most important thing you can do is have a plan—and have people you trust to help you stick with it, especially in turbulent times.”

— Radon Stancil

“If rates come down, that’s good for the economy, but it also means retirees need to rethink how they generate income.”

— Murs Tariq

Resources:If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this episode of the Secure Your Retirement Podcast, Radon and Murs discuss the power of annuities as part of a holistic retirement income planning strategy. Joined by their guest, Sam Wimpy, an insurance and annuity specialist, they break down the evolving world of fixed indexed annuities and how these vehicles can provide principal protection, guaranteed lifetime income, and a meaningful role in risk management. This conversation challenges traditional ideas about annuities in retirement and highlights how they can act as a bond alternative while helping retirees plan for retirement and retire comfortably.

Listen in to learn about the practical and emotional aspects of building a solid financial foundation. The hosts and Sam dive into how annuities have evolved beyond the stereotypes of decades past and now serve as reliable, tax-deferred annuity options that align with today’s retirement planning strategies. From creating predictable income streams to securing a financial legacy, this episode provides insights for anyone seeking to secure your retirement with confidence and clarity.

In this episode, find out:· What makes a fixed indexed annuity different from traditional annuities and pensions.

· How annuities serve as a bond alternative to help manage market volatility.

· The role of income riders and guaranteed lifetime income in creating predictable cash flow.

· How to use the Three Bucket Strategy for balanced retirement planning and risk management.

· Why annuities in retirement can help you enjoy stability, flexibility, and peace of mind.

Tweetable Quotes:“When you understand how an annuity fits into your overall plan, it stops being confusing—and starts being a tool for confidence and security.” — Radon Stancil

“When we view annuities as a pension alternative or a bond alternative, we open the door to better retirement planning strategies that focus on safety, growth, and flexibility.” — Murs Tariq

Resources:If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss how modern life insurance can be more than a death benefit—it can be an all-in-one tool for retirement planning strategies, tax advantages of life insurance, and long-term care insurance. With guest expert Jim Bowman, they explain how well-structured cash value policies—especially Indexed Universal Life—can provide tax free retirement income, flexible access to cash, and an efficient way to leave a legacy to family or charity.

Listen in to learn about the practical differences between term and cash value policies, how to design funding to avoid MEC rules, why many retirees use unneeded RMDs to create tax-efficient benefits, and how hybrid life insurance can accelerate a portion of the death benefit for qualifying long-term care needs. If you want a clear path to secure your retirement, plan for retirement, and keep a simple retirement checklist for retiring comfortably, this conversation is for you.

In this episode, find out:· How to think about life insurance benefits beyond debt protection—legacy, liquidity, and LTC.

· The mechanics of life insurance cash value and using policy loans for tax free retirement income.

· Why life insurance and taxes can work in your favor when policies are designed to minimize insurance cost and maximize accumulation.

· When to consider life insurance for retirement (including for business owners) and how to fund over 5–7 years to avoid MECs.

· Using unwanted RMDs to fund life insurance for seniors or a hybrid life insurance policy with long term care insurance riders.

Tweetable Quotes:· “Life insurance can be the Swiss Army knife of retirement—growth, tax efficiency, legacy, and long-term care in one plan.” — Radon Stancil

· “Design the policy to minimize insurance cost and maximize cash value—then let it do the heavy lifting for tax-free income.” — Murs Tariq

Throughout the episode, we cover: Retirement Planning, retirement planning strategies, planning retirement with Indexed Universal Life, coordinating with a broader financial plan, and using a straightforward retirement checklist to align cash flow, taxes, and legacy goals—so you can secure your retirement.

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss the latest provisions of the One Big Beautiful Bill and how these updates directly affect retirees and pre-retirees. Joined by tax expert Taylor Wolverton, CFP® and EA, they dive into key areas of the 2025 tax changes that could significantly impact your retirement planning strategies. From estate tax exemption levels to the nuances of the QBI deduction, these insights help you better understand how to navigate Taxes in Retirement while maximizing opportunities for long-term tax savings.

Listen in to learn about how provisions such as the new auto loan interest deduction, expanded charitable deduction, and the innovative Trump accounts for newborns can play a role in your personal retirement tax planning. With practical explanations and forward-looking strategies, this episode provides essential knowledge for anyone seeking to secure your retirement and prepare a thoughtful retirement checklist.

In this episode, find out:· Why the current tax rates are considered “permanent” and what that really means for your tax strategy for retirees.

· How the estate tax exemption impacts your legacy and protects families from unnecessary gift and estate taxes.

· What the Qualified Business Income (QBI deduction) means for self-employed individuals and small business owners.

· The new charitable deduction opportunities even for those who take the standard deduction.

· How auto loan interest deduction and Trump accounts for newborns could change the way families plan for the future.

Tweetable Quotes:· “There’s significant opportunity ahead of us to take advantage of today’s lower tax rates before changes come in the future.” – Radon Stancil

· “Even small provisions in the One Big Beautiful Bill can create big opportunities for retirees who want to plan smartly.” – Murs Tariq

Resources:If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss the recent Fed rate cuts and what they mean for your retirement. After years of historically high Federal Reserve interest rates, the first rate cut of 2025 signals an important turning point for retirees and those planning retirement. With retirement interest rates shifting, CDs, bonds, and even savings accounts are no longer producing the same returns as just a year ago. This episode breaks down how the Fed interest rate changes impact your retirement investment strategy, from cash and CDs to fixed index annuities, bonds, and equities.

Listen in to learn about how to navigate this new environment. Radon and Murs share insights on how to rethink your retirement income planning, balance safety and growth, and use smart retirement planning strategies to secure your retirement. They also explain why now may be a critical moment to evaluate your options and protect your retirement nest egg so you can focus on retiring comfortably with peace of mind.

In this episode, find out:· Why the latest Fed rate cut immediately affects cash accounts and CD rates.

· How bonds and interest rates respond differently for new buyers versus existing holders.

· Why blindly chasing higher returns in equities can add more risk to your portfolio.

· The role of fixed index annuities as a bond alternative in your retirement financial planning.

· Practical retirement planning strategies to balance growth, safety, and predictable income.

Tweetable Quotes:· “When the Fed cuts rates, cash becomes less effective—so you need to think carefully about where your money works best in retirement.” – Radon Stancil

· “Retirement planning today is less about chasing the highest return and more about finding the right return that provides predictability and peace of mind.” – Murs Tariq

Resources:If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss what it really takes to retire before 65 and the key strategies you need to make early retirement not only possible but sustainable. Many people assume that leaving work before Medicare at 65 is too expensive or too risky, especially when it comes to health insurance before Medicare, tax planning, and long-term income strategies. But with the right process, tools, and guidance, you can build a retirement plan that helps you retire early and retire comfortably.

Listen in to learn about the essential areas you must think through: ACA health plans, Medicare at 65, the 59 and a half rule, the 401k rule of 55, Roth conversions, Social Security timing, and more. Radon and Nick Hymanson, CFP®, break down the critical details around investment strategy, retirement withdrawal strategy, sequence of returns risk, and bucket strategy investing. This conversation highlights not just the numbers, but also the emotional side of retirement—building confidence and clarity to truly secure your retirement.

In this episode, find out:· Why health insurance before Medicare is the #1 concern for early retirees, and how ACA health plans and subsidies fit into your strategy.

· How to navigate tax rules like the 59 and a half rule, the 401k rule of 55, and smart Roth conversions.

· The importance of a retirement withdrawal strategy that considers taxes, cash flow, and long-term goals.

· How to protect yourself from sequence of returns risk with bucket strategy investing.

· Why budgeting for retirement and addressing the emotional side of leaving work is just as important as the numbers.

Tweetable Quotes:Radon Stancil: “Retirement planning is like turning knobs—when you adjust one, it impacts the others. The key is making sure they all move in the right direction.”

Murs Tariq: “The confidence to retire doesn’t come from guessing—it comes from having a written plan that helps you make decisions with clarity.”

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this episode of the Secure Your Retirement Podcast, Radon and Murs discuss the latest developments around the One Big Beautiful Bill Act and how it may impact your ability to claim a SALT deduction in 2025. From understanding the SALT cap to weighing the benefits of standard vs itemized deduction, they break down what these tax changes could mean for your retirement planning strategy. Taxes are complex, but this conversation aims to simplify what you need to know so you can plan for retirement with confidence.

Listen in to learn about how state and local taxes, the property tax deduction, and the mortgage interest deduction might shift under new legislation. You’ll also hear strategies that combine charitable giving strategy, donor advised funds, HSA contributions, and 401k contributions to optimize your plan. Whether you’re exploring high income tax strategies or building your personal retirement checklist, this episode helps you position yourself to retire comfortably and secure your retirement.

In this episode, find out:· What the One Big Beautiful Bill Act could mean for the SALT deduction 2025.

· The differences between standard vs itemized deduction in today’s environment.

· How the SALT cap impacts state and local taxes, and why it matters for retirees.

· Ways to leverage a charitable giving strategy or donor advised fund for tax efficiency.

· How retirement tax planning integrates with 401k contributions, HSA contributions, and other tools to help you plan for retirement.

Tweetable Quotes:· “When it comes to taxes, the goal isn’t just to reduce today’s bill—it’s to create a strategy that works for your entire retirement.” – Radon Stancil

· “Understanding the SALT cap and knowing when to use itemized deductions versus the standard deduction can make a huge difference in your long-term retirement planning.” – Murs Tariq

Resources:If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this episode of the Secure Your Retirement Podcast, Radon Stancil and Murs Tariq sit down with Medicare specialist Shawn Southard to unpack the recent developments around Medicare Advantage brokers, broker compensation, and the impact of a federal court ruling on CMS Medicare rules. With Medicare open enrollment and aggressive Medicare marketing campaigns happening every year, understanding how brokers get paid and how it may influence the advice you receive has never been more important.

Shawn explains how the recent court decision effects Medicare plan comparison, Medicare star ratings, and the role of brokers in guiding retirees. If you're planning retirement or reviewing your options during Medicare open enrollment, this episode provides practical insights and unbiased Medicare advice to help you make informed choices.

Listen in to learn about:

How Medicare broker compensation structures may impact your coverage decisions and what questions you need to ask to protect yourself from Medicare scams. Whether you're seeking SHIP counseling, comparing plans, or building your retirement checklist, this discussion will help you confidently navigate your Medicare options and secure your retirement.

In this episode, find out:

The details behind the CMS rule, the court ruling, and what it means for Medicare Advantage beneficiaries.
How broker compensation can influence recommendations and why questions to ask brokers are critical.
Why aggressive Medicare marketing and commercials may increase — and how to stay vigilant.
How to leverage Medicare plan comparison tools and SHIP counseling for unbiased Medicare advice.
Steps you can take today to make smart, confident decisions for retiring comfortably.

Tweetable Quotes:

“Understanding how Medicare brokers are compensated empowers you to make better decisions and avoid being swayed by marketing tactics.”

— Radon Stancil

“Medicare open enrollment is your opportunity to make informed choices — but only if you ask the right questions and focus on what’s best for you, not the broker.”

— Murs Tariq

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this episode of the Secure Your Retirement Podcast, Radon and Murs discuss the “One More Year Trap” and why so many people struggle with knowing when it’s time to retire. For many, the decision to retire is not just about money—it’s about mindset, emotions, and confidence. They explore the common reasons people delay retirement, from financial incentives like bonuses and stock vesting schedules to the emotional ties that come from decades spent in a career. If you’ve ever wondered how to know when to retire or felt uncertain about stepping away from work, this conversation provides valuable insights and strategies to help you make an informed and confident decision.

Listen in to learn about retirement readiness, the importance of a personalized financial plan, and how to prepare both financially and emotionally for this life-changing transition. Radon and Murs break down the role of retirement strategies, retirement income planning, and the retirement mindset needed to confidently step into your next chapter. By focusing on your retirement goals and creating a clear roadmap, you can avoid the trap of delaying retirement year after year and instead secure your financial future.

In this episode, find out:

How the “one more year trap” keeps people delaying retirement without realizing it.
Why creating a personalized retirement plan builds retirement confidence and clarity.
The emotional challenges of leaving a career and redefining your retirement mindset.
How retirement income planning and Social Security strategies affect your decision.
The value of the Peace of Mind Pathway in helping you plan for retirement and retire comfortably.

Tweetable Quotes:

“When you have a plan in place, the nervousness around retirement fades, and the one more year trap starts to disappear.” — Murs Tariq

“The trap isn’t about money; it’s about clarity. Once you see your retirement roadmap, you gain the confidence to step into the next phase of life.” — Radon Stancil

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this episode of the Secure Your Retirement Podcast, Radon and Murs discuss the newly passed tax legislation known as the Big, Beautiful Bill and its significant impact on retirement tax planning. They are joined by Taylor Wolverton, a Certified Financial Planner and Enrolled Agent, who breaks down how the standard deduction 2025 increase and new senior tax deductions can help retirees save thousands in taxes. If you’ve been wondering how the new tax bill 2025 affects your retirement income strategy, this episode delivers clarity, practical examples, and actionable tax planning strategies to help you make informed decisions.

Listen in to learn about how these 2025 tax law changes may influence your retirement planning. Taylor walks through a real client case study showing how the standard deduction increase and a special $12,000 senior deduction can dramatically reduce taxable income and create more retirement tax savings. Whether you want to plan for retirement, update your retirement checklist, or make adjustments to secure a better financial future, this episode will help you optimize your income tax planning and avoid leaving money on the table.

In this episode, find out:· How the Big Beautiful Bill changes the IRS standard deduction 2025 and what it means for retirees.

· Details about the new $12,000 senior tax deduction and who qualifies for it.

· How these federal tax deductions can reduce your taxable income and save thousands.

· Why your tax strategy for retirement must consider these 2025 tax law changes.

· Practical steps for using these updates to maximize retirement tax savings and plan for retiring comfortably.

Tweetable Quotes:“An increase in the standard deduction is an increase in tax-free income — meaning less taxes paid for the year.”

— Taylor Wolverton

“Good tax planning is all about control. The more you understand the rules, the better your chances of securing your retirement.”

— Murs Tariq

ResourcesIf you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this episode of the Secure Your Retirement Podcast, Radon and Murs discuss the crucial differences between investing before retirement and investing during retirement, and how your approach to risk, growth, and income changes as you move from the accumulation years to the de-accumulation phase. They break down why the strategies that work in your 30s, 40s, and 50s often need to be adjusted once you reach retirement, especially when protecting retirement savings and managing withdrawal needs.

Listen in to learn about how to adapt your retirement investment strategy using tools like the Three Bucket Strategy and strategic asset allocation in retirement. You’ll also hear why retirement income planning and retirement withdrawal strategy are essential for retiring comfortably while maintaining a growth mindset. Whether you’re 10 years from retirement or already there, this episode will help you refine your retirement savings strategy and create a plan to secure your retirement.

In this episode, find out:

The key differences in financial planning for retirement during the accumulation and de-accumulation phases.
How market downturns affect post-retirement investing compared to pre-retirement.
Why the Three Bucket Strategy helps balance growth and safety for your retirement income planning.
How asset allocation in retirement can help preserve wealth while still allowing for growth.
The importance of retirement withdrawal strategy and tax-efficient income planning.

Tweetable Quotes:

Radon Stancil: "When you lose 50% of your money in retirement, you don’t have decades to make it back—protecting your retirement savings becomes priority number one."
Murs Tariq: "The goal isn’t to stop growing your money in retirement, it’s to grow within reason so you can retire comfortably without unnecessary stress."

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss one of the most common and important financial decisions in pension and retirement planning—whether to take a pension annuity or lump sum. They explain how this decision can impact your overall retirement income planning, legacy goals, tax strategy, and long-term financial flexibility. This isn’t a one-size-fits-all answer, and they dive into the detailed considerations that retirees should think through.

Listen in to learn about the pros and cons of pension payout options, such as taking a monthly pension annuity with survivor benefits or opting for a lump sum pension that can be rolled into an IRA. You’ll also hear real-life examples of clients who made different decisions based on their financial situations, including tax strategies like Roth conversions and opportunities for guaranteed retirement income outside of the company plan. If you’re asking, "Should I take a pension lump sum or income stream?" this episode is essential to retiring comfortably.

In this episode, find out:

Key differences between a pension annuity and a lump sum.
How to leverage a pension rollover to IRA for flexibility and tax advantages.
The role of spousal coverage and legacy planning in pension decisions.
Risk and reward considerations for managing pension in retirement.
How to evaluate which option supports your personalized retirement checklist.

Tweetable Quotes:

"There’s no one-size-fits-all when it comes to pensions—your decision must be based on your entire retirement picture." – Murs Tariq

"Pension choices affect your income, taxes, and legacy—we help people analyze their options to secure their retirement." – Radon Stancil

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss a powerful and often overlooked tax strategy: Net Unrealized Appreciation (NUA). Joined by their in-house tax and financial strategist Taylor Wolverton, they break down NUA explained in a simple and clear way, helping you understand how company stock inside your 401(k) could lead to significant tax savings in retirement. Whether you're currently working and approaching an in-service rollover 401k, or planning your 401k distribution strategy post-retirement, this episode provides critical insight for your financial decision-making.

Listen in to learn about how to leverage Net Unrealized Appreciation 401K rules to potentially pay lower capital gains tax instead of higher ordinary income tax, depending on how your 401(k)-company stock is handled. Radon, Murs, and Taylor walk through real-life examples of 401k retirement scenarios, helping you understand how the NUA strategy compares to traditional retirement account rollover plans such as moving funds into an IRA. If you’ve ever wondered about the tax difference between an IRA vs brokerage account, this episode helps you clarify your options.

In this episode, find out:· What Net Unrealized Appreciation (NUA) is and how it works.

· Who qualifies for the NUA tax strategy and how to evaluate eligibility.

· The tax differences between Capital gains vs ordinary income on company stock.

· When to consider splitting assets between an IRA and brokerage account.

· How NUA impacts your broader retirement tax strategy and required minimum distributions.

Tweetable Quotes:“NUA lets you convert high-tax ordinary income into lower-tax capital gains—if you qualify, it could be a game changer.” – Radon Stancil

“Understanding your cost basis and when to use Net Unrealized Appreciation is key to smart 401(k) distribution planning.” – Murs Tariq

Resources:If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit: POMWealth.net/podcast

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In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss a real-life retirement planning case study featuring a fictitious couple, John and Jane, who are 55 and aiming to retire at 62. With $2 million in savings, they’re asking the question so many do: Can I retire early and still live comfortably? Using advanced financial planning tools, they break down how income, Social Security timing, healthcare, taxes, and investment decisions work together to determine the answer. Whether you're dreaming of early retirement or refining your retirement strategy, this episode walks you through how to analyze your own plan.

Listen in to learn about how a structured, tax-efficient financial plan can help you retire early—even with market volatility and rising healthcare costs. Through this case study, Radon and Murs reveal the strategic decisions behind a successful transition into retirement, including Roth conversion strategies, required minimum distributions (RMDs), and how to manage income during Social Security gaps.

In this episode, find out:· How to retire at 55 with 2 million and what that lifestyle really looks like

· Why the retirement planning at 55 stage is crucial for tax and investment decisions

· The role of Social Security timing and how it impacts your portfolio withdrawals

· How to use a Roth conversion strategy during low-income years to reduce long-term taxes

· Why healthcare costs and Medicare planning must be part of your early retirement plan

Tweetable Quotes:“The question is never just ‘Can I retire?’—it's ‘Can I retire and still live the way I want to?’” — Murs Tariq

“Tax strategy in retirement isn't optional—it's essential if you want to keep more of what you've saved.” — Radon Stancil

Resources:If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit: POMWealth.net/podcast

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In this episode of the Secure Your Retirement Podcast, Radon and Murs discuss the critical role of patient advocacy with Dr. Elizabeth Mizelle, founder of Palm Wellness. Drawing on her extensive background as a family medicine physician, Dr. Mizelle now serves as a health advocate for seniors and their caregivers, helping them navigate the complex world of senior healthcare. Whether it’s understanding a new diagnosis, coordinating follow-up care, or finding the right resources for aging in place, her approach offers clarity and compassionate support for individuals and families alike.

Listen in to learn about how a patient consultant can provide peace of mind by helping with healthcare decisions, coordinating communication with providers, and creating safe, functional home environments for aging loved ones. This episode is especially useful for those involved in retirement healthcare planning, acting as advocates for elderly parents, or seeking caregiver resources. Dr. Mizelle explains the unique difference between clinical care and advocacy, and how she supports people looking to stay home longer or adapt to life-changing diagnoses with confidence.

In this episode, find out:· What patient advocacy is and how it differs from traditional clinical care

· How a health advocate for seniors helps families manage new diagnoses and medical complexity

· Real-life examples of how advocacy can ease transitions after hospitalization

· The process of aging in place and how to safely adapt a home for long-term care

· How to connect with Palm Wellness for personalized healthcare support

Tweetable Quotes:“Patient advocacy helps you slow things down, understand what’s happening, and make better-informed healthcare decisions.” – Radon Stancil

“It’s not just about treating the illness—it's about creating an environment where people can heal, live, and thrive.” – Murs Tariq

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit: POMWealth.net/podcast

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In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss the current state of the 2025 economy with returning guest and economist Tom Siomades. Together, they examine the volatility of the first half of the year and the macroeconomic shifts influencing retirement portfolios. From policy shifts to global uncertainty, this episode offers a comprehensive mid-year economic update designed to help listeners plan for retirement amid ongoing changes.

Listen in to learn about the Market Outlook 2025, including how tariffs, interest rates, and the “Big Beautiful Bill” are shaping economic trends. Tom shares insight on how the Federal Reserve may act, what to expect from financial market volatility, and the overall impact of global policies. Whether you’re watching the Federal Reserve update or simply seeking stability in your portfolio, this discussion will help you make informed decisions as you secure your retirement.

In this episode, find out:

What’s driving the volatility in the US economy 2025.
Why the “Big Beautiful Bill” matters and how its passage (or failure) could reshape policy.
The likely direction of interest rates and how it could impact retirees.
How tariffs are affecting the markets and the economy globally.
Strategies to stay calm and focused through financial market volatility.

Tweetable Quotes:

“Volatility won’t vanish—it’s how you respond that determines your financial peace of mind.” – Radon Stancil

“Don’t let the day-to-day headlines derail your plan. Secure your retirement starts with clarity, not chaos.” – Murs Tariq

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss the powerful benefits of Health Savings Accounts (HSAs) with in-house tax strategist and Certified Financial Planner, Taylor Wolverton. Often overlooked or misunderstood, HSAs offer a rare and highly valuable triple tax advantage—tax-free contributions, tax-free growth, and tax-free withdrawals for qualified medical expenses. This episode breaks down the core principles of how HSAs work, how they integrate into your financial and retirement planning, and what rules to watch for, especially when transitioning to Medicare.

Listen in to learn about how to maximize HSA benefits for both short-term healthcare expenses and long-term retirement planning. Taylor explains how to use your HSA as a stealth retirement savings vehicle, how HSA and Medicare interact, and the critical contribution limits and eligibility requirements. If you’ve ever wondered how to use an HSA strategically in retirement, this episode is a must-listen.

In this episode, find out:

What is a Health Savings Account and how does it offer a triple tax-free advantage?
HSA contribution limits and eligibility rules under a high-deductible health plan.
How HSAs interact with Medicare and when contributions must stop.
The best strategies for HSA retirement planning and growing your account long-term.
What happens to your HSA when you pass away and how HSA beneficiaries are taxed.

Tweetable Quotes:

"HSAs are the only triple tax-free account—contributions, growth, and withdrawals can all be tax-free when used correctly." – Taylor Wolverton

"A health savings account isn’t just for annual expenses—it’s a stealth retirement tool when used strategically." – Murs Tariq

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss the essential elements involved in Transitioning into Retirement and how to ensure you make a smooth and confident shift into this next stage of life. They walk through practical retirement planning steps that cover everything from creating a reliable retirement income strategy, navigating tax-efficient withdrawals, preparing for healthcare costs, and protecting against common retirement risks like market volatility. The Peace of Mind Pathway—a comprehensive process developed by the team—serves as a guide to address all the complex moving parts of retirement planning.

Listen in to learn about crucial financial decisions such as Roth conversions explained, managing Healthcare before Medicare, effective Medicare planning, and Long-term care planning options that protect your assets. Radon and Murs also explore investment strategies like the Bucket investment strategy and how to guard against Sequence of returns risk. Plus, they dive into sophisticated tax strategies like utilizing Donor advised funds, the Direct indexing strategy, and optimizing Charitable giving in retirement. This episode is a masterclass for anyone who wants to plan for retirement, live confidently, and secure your retirement.

In this episode, find out:· How to design a reliable retirement withdrawal strategy using the bucket system.

· Why Roth conversions may offer powerful long-term tax benefits.

· The importance of strategic tax withholding and year-by-year tax planning.

· How to evaluate your healthcare options before Medicare and address future Medicare planning.

· What to consider for Long-term care planning and protecting your retirement savings.

Tweetable Quotes:"Transitioning into retirement isn’t just about stopping work — it’s about creating a sustainable income plan that gives you peace of mind." – Murs Tariq

"Every great retirement plan needs nurturing, because life happens and adjustments are always part of the journey." – Radon Stancil

Resources:If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss the complexities of Inherited IRAs with special guest Taylor Wolverton, a Certified Financial Planner and Enrolled Agent. They break down what beneficiaries need to know about inherited retirement accounts, including crucial updates introduced under the Secure Act. Whether you're a spouse, non-spouse, or special exception beneficiary, this episode helps you understand how to navigate the rules and avoid costly mistakes when it comes to inherited IRA distributions.

Listen in to learn about the different rules based on whether the account was inherited before or after 2020, how the 10-year rule inherited IRA provision works, and how it contrasts with the old Stretch IRA rules. They also explain IRA beneficiary rules for both Roth inherited IRA and traditional IRAs, helping you determine the most tax-efficient strategy for your situation. With insights on Inherited IRA RMD rules, Secure Act IRA changes, and options for non-spouse IRA beneficiaries, this is a must-listen episode for anyone dealing with an IRA inheritance.

In this episode, find out:

What the 10-year rule inherited IRA really means for beneficiaries.
How IRA rules for beneficiaries differ for pre- and post-2020 inheritances.
The difference between spousal vs non-spouse IRA beneficiary strategies.
How to handle Inherited IRA RMD rules and avoid tax penalties.
Why Roth inherited IRA strategies may involve waiting until year 10.

Tweetable Quotes:

“Just because you're not required to take a distribution every year doesn't mean it’s the best strategy for your taxes.” – Murs Tariq

“Understanding whether you're a spouse or non-spouse IRA beneficiary changes everything about how you manage the account.” – Taylor Wolverton

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss the important and often confusing world of Medicare Part D with Medicare expert Shawn Southard. With the implementation of the Inflation Reduction Act Medicare provisions in 2025, significant updates have changed the way Medicare drug coverage works, especially for those nearing or already in retirement. Whether you’re currently working and covered by an employer plan or about to transition to Medicare, this episode breaks down exactly what you need to know to avoid unnecessary costs and lifelong penalties.

Listen in to learn about how Medicare Part D changes affect your coverage decisions, how employer coverage and Medicare interact, and why understanding creditable drug coverage is now more crucial than ever. Shawn also discusses HSA and Medicare rules, key timelines for enrollment, and strategies to avoid the dreaded Medicare late enrollment penalty. This is a must-listen for anyone planning to retire comfortably while staying informed and protected when it comes to their Medicare Part D options.

In this episode, find out:

· What exactly Medicare Part D covers and how it works.

· How the Inflation Reduction Act Medicare provisions lower out-of-pocket drug costs.

· What "creditable" drug coverage means and how to know if your employer plan qualifies.

· When and how to enroll in Part D to avoid Medicare penalties.

· How HSA and Medicare rules impact your decision to delay enrollment.

Tweetable Quotes:

“With Medicare Part D changes, what used to be a no-brainer may now require a complete reevaluation.” – Murs Tariq

“Missing a 63-day window could mean a lifetime of penalties—knowing your coverage status is critical.” – Radon Stancil

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this episode of the Secure Your Retirement Podcast, Radon and Murs discuss the critical but often overlooked topic of Retirement Life Planning with special guest Dr. Corinne Auman a Ph.D. in geriatrics and author of Keenagers While financial strategies and retirement income are vital, this conversation emphasizes the non-financial aspects of retirement, helping you prepare for not just “how much to save for retirement,” but how to truly live well through it. As people live longer, healthier lives, planning for aging with intention has become essential.

Listen in to learn about the difference between a financial plan and a Retirement Lifestyle Plan, how to proactively prepare for transitions like moving into a retirement community or making your home age-friendly, and how to find purpose beyond work. Whether you're looking into continuous care, exploring early retirement, or trying to stay mentally and socially engaged, this episode will help you build a vision that goes far beyond your nest egg.

In this episode, find out:· Why retirement life planning is just as important as financial planning.

· The SPIES framework: addressing Social, Physical, Intellectual, Emotional, and Spiritual needs in retirement.

· When to start planning for retirement lifestyle goals and how to structure your future.

· The importance of purpose and stimulation after leaving the workforce.

· Why being on a waitlist for a retirement community is part of smart planning.

Tweetable Quotes:“Retirement planning isn't just financial—it's emotional, intellectual, and deeply personal.” – Radon Stancil

“We all need purpose after retirement. Don’t wait to plan your next chapter.” – Murs Tariq

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this episode of the Secure Your Retirement Podcast, Radon and Murs discuss how you can design a fulfilling, adventurous, and meaningful retirement through immersive travel. Their guest, Andrew Motiwalla, founder of The Good Life Abroad, introduces an innovative take on retirement lifestyle planning through long-stay and slow-travel experiences in iconic European cities. More than just a vacation, Andrew's approach empowers retirees to live like a local, offering a stress-free way to enjoy extended travel in Europe without the hassle of planning every detail themselves.

Listen in to learn about a lifestyle that blends cultural enrichment, flexible exploration, and social connection. Whether you’ve always dreamed of retiring in Europe, living abroad for a few months at a time, or simply traveling more deeply, Andrew’s concierge-style model offers a compelling alternative to rushed tours or crowded cruises. With thoughtful support, vetted accommodations, medical coverage, and built-in community, this is retirement travel planning designed for comfort, fun, and fulfillment.

In this episode, find out:· How living abroad in retirement can offer an immersive and stress-free lifestyle.

· What makes Andrew’s travel concierge service unique for retirees.

· Why slow travel Europe is gaining popularity among those 55+.

· How the community-based cohort model adds joy and connection to extended trips.

· The difference between traditional travel planning and a concierge-guided experience.

Tweetable Quotes:“Retirement is your time—and living abroad offers the freedom to enjoy it your way, at your pace.” – Murs Tariq

“When you slow down and live like a local, you stop checking boxes and start truly experiencing the culture.” – Radon Stancil

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss the third and final step in the Peace of Mind Pathway—Nurture. After creating a retirement-focused plan and implementing key strategies, nurturing your plan is what keeps it strong and adaptive for the long haul. Much like maintaining a car on a long road trip, your financial plan needs regular checkups, updates, and care to remain effective. This episode walks through the structure and purpose of your ongoing financial advisor meetings, and how regular reviews help you manage changes in income, required minimum distributions (RMDs), risk tolerance, and personal goals.

Listen in to learn about the critical components of an annual retirement planning process—including the Roth conversion strategy, retirement tax planning, and long-term care considerations. Radon and Murs outline the cadence of two core strategy meetings each year: the Financial Plan Review and the Tax Strategy Meeting. You’ll also discover how their team supports clients with proactive retirement education, timely updates, and a collaborative, team-based approach to financial planning for retirement.

In this episode, find out:· Why nurturing your plan is essential to retiring comfortably.

· What happens in the Financial Plan Strategy Meeting and how it supports your evolving goals.

· The value of the Tax Strategy Meeting and how it aligns with your retirement tax strategy.

· How long term care planning and beneficiary reviews are integrated annually.

· The importance of communication and ongoing retirement education to keep your plan on track.

Tweetable Quotes:"Building a retirement plan is just the beginning—nurturing it ensures you stay on track through every stage of life." – Radon Stancil

"Strategy meetings are not just check-ins; they’re where proactive planning meets real-life updates to secure your retirement." – Murs Tariq

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss the second step in the Peace of Mind Pathway—Implementation. This is where the planning becomes reality. After building your personalized retirement roadmap, it's time to put your financial planning for retirement into motion. From investment transitions to estate documents and tax strategy retirement planning, this episode walks you through what happens after you say, “I’m ready.” It's not just about moving assets—it’s about building a solid structure to retire confidently and comfortably.

Listen in to learn about the intentional and methodical approach used at Peace of Mind Wealth Management to ensure your retirement income strategy, healthcare coverage, long term care planning, and retirement tax planning are all set up efficiently. This step-by-step retirement planning process also includes evaluating your current estate plan, understanding your Medicare and retirement options, and implementing a bucket strategy for retirement that aligns with your comfort level and goals. Discover how implementation isn’t a one-time task—it’s the beginning of a lasting, flexible retirement journey.

In this episode, find out:· What happens when you decide to move forward with your retirement plan.

· How asset transfers are managed through trusted custodians like Schwab or Fidelity.

· Why implementation is paced over months to ensure thoughtful decision-making.

· The key components of investment strategy for retirees, tax efficiency, and legal documentation.

· How the Peace of Mind Pathway supports retiring comfortably through long-term care and Medicare strategy.

Tweetable Quotes:“Implementation is not a one-and-done step—it’s the launchpad for long-term retirement success.” – Radon Stancil

“We take baby steps with purpose, so every element of your retirement plan gets the attention it deserves.” – Murs Tariq

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit: POMWealth.net/podcast

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In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss the foundational first step in their three-part Peace of Mind Pathway: The Peace of Mind Roadmap. This step is all about creating a personalized retirement roadmap to help you clearly define where you are, where you want to go, and what your journey through retirement will look like. Through real examples and a GPS-style analogy, they break down the importance of clarity and confidence when beginning the retirement planning process. The roadmap goes far beyond investments—it covers your retirement goals, Retirement income strategy, tax planning, estate planning, and more.

Listen in to learn about how building a retirement-focused financial plan can reduce stress, reveal opportunities, and help you retire comfortably. You'll hear how an introductory meeting evolves into a comprehensive, personalized strategy session that gives you direction and peace of mind. With topics ranging from Roth conversions in retirement to bucket strategy retirement, this episode is perfect for anyone who’s ready to take their first step toward a secure your retirement future.

In this episode, find out:· Why the Peace of Mind Roadmap is critical to financial planning for retirement

· How your personalized GPS for retirement guides your unique journey

· The role of planning meetings and how they evolve into strategy sessions

· How to evaluate your retirement destination and adjust along the way

· The impact of Roth conversions, healthcare costs, and charitable giving on your plan

Tweetable Quotes:"Your retirement plan should function like a GPS—clear, adaptable, and designed around your unique destination." – Radon Stancil

"A well-crafted roadmap gives you more than numbers—it gives you the confidence to enjoy your retirement journey." – Murs Tariq

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast

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In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss the fun and fulfilling side of retirement: retirement hobbies and retirement activities. After years spent working and raising families, many retirees look forward to rediscovering passions or picking up new interests. Radon and Murs explore why hobbies after retirement are so important for mental, physical, and emotional well-being and share some of the most popular retirement lifestyle ideas embraced by today's retirees.

Listen in to learn about fun things to do in retirement, from volunteering in retirement and gardening to traveling and staying active with sports like pickleball. They also discuss how participating in activities after retirement helps build social connections, promotes lifelong learning, and keeps retirees energized. If you're planning retirement lifestyle goals, this episode is full of practical inspiration to help you retire comfortably and secure your retirement.

In this episode, find out:· Why it's crucial to plan hobbies for seniors ahead of retirement.

· The best ways to incorporate fun things to do in retirement into daily life.

· How volunteering in retirement benefits your health and social life.

· Why activities like gardening, traveling, and learning are top picks for retirees.

· Tips for trying new activities for retirees and building a fulfilling lifestyle.

Tweetable Quotes:"Retirement is the perfect time to invest in yourself through hobbies that inspire, energize, and bring joy." — Radon Stancil

"Having an active retirement isn't just fun—it's essential for your mental, physical, and emotional well-being." — Murs Tariq

Resources:If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss the "2025 1st Quarter Economic Update" with special guest Tom Siomades, Chief Market Economist. Together, they break down the real story behind the numbers and headlines from the first quarter of 2025, offering valuable insights into the 2025 market outlook, economic trends 2025, and the complexities around tariffs and the economy. As volatility and uncertainty persist, understanding the true state of the economy becomes crucial for anyone involved in Retirement Planning.

Listen in to learn about the potential impact of the 2025 recession talk, the Inflation outlook 2025, consumer behavior trends like Consumer spending 2025, and how the Federal Reserve is navigating these turbulent times. Whether you're planning for retirement or adjusting your financial strategy, this economic update offers clear-eyed guidance for financial planning for 2025 and beyond.

In this episode, find out:

How the "January effect" influenced the 2025 market outlook.
The role tariffs and the economy are playing in increased market volatility.
The importance of consumer sentiment and Consumer spending 2025.
How the Federal Reserve's decisions are being pressured by current economic conditions.
Insights into the economic forecast 2025 and how it impacts Retirement Planning.

Tweetable Quotes:

"Economic uncertainty is a given, but having a well-structured retirement plan prepares you for whatever comes next." – Radon Stancil

"Even in volatile times, sticking to a flexible, diversified strategy is the key to retiring comfortably." – Murs Tariq

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss the art and importance of Preserving Memories with Angela Andrew, Product Evangelist for the Mylio App. In an age where digital images accumulate rapidly but often remain disorganized, Mylio offers a transformative solution for families looking to protect and share their memories. This episode dives into how the app simplifies Digital photo organization, helps Backup family photos, and creates a seamless structure for Family photo storage that enhances your Legacy planning.

Listen in to learn about the value of Memory preservation not just as a digital convenience, but as a way to remember loved ones and tell your family's story across generations. Whether you're looking to scan old photos, organize digital photos, or understand how to organize photos from multiple sources, this episode shows how Mylio empowers you to create a meaningful and secure photo backup plan. With privacy-first features, family sharing options, and facial recognition, this is a must-listen for anyone preparing to retire comfortably and pass on more than just financial assets.

In this episode, find out: How the Mylio app helps centralize and organize photos from various sources. * Why Photo legacy and Family history photos matter for future generations. * The importance of Secure photo backup beyond just cloud services. * How to use face-tagging, calendar views, and location data to enhance organization. * Tips on Sharing photos with family* while maintaining privacy.

Tweetable Quotes:"Legacy isn’t always about wealth—it’s about memories, photos, and the stories we pass down." – Radon Stancil

"We create memories every day, but organizing and preserving them ensures they actually live on." – Murs Tariq

Resources:If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss a crucial yet often confusing topic for retirees: Required Minimum Distributions (RMDs). Joined by their colleague Taylor Wolverton, a Certified Financial Planner and Enrolled Agent, they break down the rules surrounding what are RMDs, how they’re calculated, and the updates brought by the Secure Act RMD changes. If you're unsure about RMD rules 2025, or when and how much to take from your retirement accounts, this episode is for you.

Listen in to learn about the mechanics of how do RMDs work, from when to take RMDs to how they’re taxed and the penalties for missing one. The episode also explores RMD for retirement accounts like IRAs and 401(k)s, RMD tax rules, and even strategies like RMD and charitable giving. Whether you're planning ahead or facing your first required withdrawal, understanding your obligations is key to effective retirement tax planning and preserving your wealth.

In this episode, find out:· What qualifies as a required minimum distribution and who it applies to.

· Updated RMD start ages under the Secure Act RMD changes.

· How RMDs are calculated using the IRS Uniform Lifetime Table.

· The tax implications of RMDs and how to manage them effectively.

· Smart options for reinvesting or donating your RMD.

Tweetable Quotes:"You can’t put RMDs back into an IRA or convert them to Roth—but you can reinvest them into a brokerage or give to charity tax-free." – Radon Stancil

"Even if you don’t need the money, RMDs are required—it’s about paying back the taxes you’ve deferred for years." – Murs Tariq

Resources:If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss what it truly means to be an executor of an estate. Joined by special guest Dave Hutton, an estate attorney with Wealth.com, they break down the essential estate executor duties and estate executor responsibilities in a way that is easy to understand. Whether you've been named an executor or are considering who to appoint, this episode provides the foundational knowledge you need to make informed decisions.

Listen in to learn about the critical role of an executor, how the probate process works, and how thoughtful estate planning for retirement can help streamline the experience for your loved ones. With practical tips, real-world scenarios, and an overview of executor compensation, this episode demystifies a process many find overwhelming.

In this episode, find out:

· What is an executor and what powers they actually have

· The difference between executor vs trustee and why both may be needed

· How the probate process works and why avoiding it might be preferable

· Key executor responsibilities like settling debts, managing distributions, and navigating court timelines

· The importance of aligning your estate plan with your retirement strategy

Tweetable Quotes:

“You don’t want the court to pick your executor—you want to make sure the right person is chosen by you.” – Radon Stancil

“Being an executor comes with power, but also responsibility—and that includes understanding the law and honoring the will.” – Murs Tariq

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast

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In this Episode of the Secure Your Retirement Podcast, Radon Stancil and Murs Tariq discuss a timely and often misunderstood topic: tariffs. With tariffs frequently making headlines, especially in relation to trade disputes like the US China trade war, it’s critical to understand what tariffs are and how do they work—particularly for those in or nearing retirement. Radon and Murs break down how tariffs work, how they’re implemented, and most importantly, what the Impact of tariffs could mean for your personal financial plan.

Listen in to learn about the ways tariffs and inflation can influence retirement expenses, affect your investment strategies, and ultimately play a role in your financial planning in retirement. By understanding the mechanics behind trade policies and their economic ripple effects, you’ll gain clarity on how to plan for retirement, regardless of how global politics unfold. Radon and Murs also discuss how their Peace of Mind Pathway and bucket investment strategy helps clients stay prepared for unpredictable changes like trade war effects.

In this episode, find out:· What are tariffs and their role in trade policy.

· How do tariffs work and how they're implemented.

· The Impact of tariffs on inflation and consumer pricing.

· Lessons from the US China trade war and how trade disputes evolve.

· How to create a resilient retirement plan that addresses economic volatility.

Tweetable Quotes:"We’re not here to judge whether tariffs are good or bad—but understanding how they work helps reduce financial anxiety." – Radon Stancil

"A well-built retirement strategy should account for inflation, market volatility, and even things like tariffs and trade wars." – Murs Tariq

Resources:If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this episode of the Secure Your Retirement Podcast, Radon Stancil and Murs Tariq discuss the Retirement Checklist Challenge, a structured approach to evaluating how prepared you are for retirement. They introduce a Retirement Checklist covering Retirement Income Planning, Tax-Efficient Retirement Strategies, Medicare and Retirement, Long-Term Care Planning, Risk Management, and Estate Planning for Retirees. The goal of the challenge is to help you assess your readiness by scoring yourself on 34 key factors that contribute to a Secure Retirement Plan.

Listen in to learn about Financial Planning for Retirement, strategies for Retirement Savings, and ensuring a stress-free transition to retirement. Whether you're already retired or preparing for the next phase, this episode will help you plan for retirement effectively, identifying potential gaps in your strategy. You’ll also learn how to access the full Retirement Checklist to take the challenge yourself!

In this episode, find out:· Why Retirement Income Planning is crucial to maintaining financial security.

· How to evaluate your Social Security Strategies and income sources.

· The importance of Tax-Efficient Retirement Strategies to minimize tax burdens.

· How to assess your Medicare and Retirement options effectively.

· The role of Risk Management and diversification in protecting your retirement.

Tweetable Quotes:"A well-prepared retirement starts with understanding your income, healthcare, and tax strategies—take the Retirement Checklist Challenge to see where you stand!" – Radon Stancil

"Retirement planning isn't just about saving money—it's about ensuring you have the right strategy for income, taxes, healthcare, and long-term security." – Murs Tariq

Resources:If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this episode of the Secure Your Retirement Podcast, Radon Stancil and Murs Tariq discuss the world of Private Equity Investing and Alternative Investments with Christopher Zook, the founder and Chief Investment Officer of CAZ Investments. CAZ Investments specializes in Investing in Private Markets, including Private Equity, Private Credit, and even Investing in Sports Teams. Christopher, who co-authored "The Holy Grail of Investing" with Tony Robbins, shares valuable insights into how these Alternative Investment Strategies can provide access to high-quality opportunities typically unavailable to individual investors.

Listen in to learn about Non-Correlated Assets and their role in Risk Management in Investing, helping to stabilize portfolios against market fluctuations. Christopher explains how his firm focuses on diversification with non-traditional investments, offering access to exclusive deals that can enhance wealth management strategies. Whether you're planning for retirement or looking for Secure Retirement Investments, this conversation provides valuable perspectives on how to plan for retirement using alternative investments beyond the public markets.

In this episode, find out:· The key differences between Public Markets and Private Equity Investing.

· How Alternative Investment Strategies provide diversification and risk reduction.

· Why Investing in Sports Teams and other private markets is becoming more accessible.

· The concept of Non-Correlated Assets and how they impact portfolio stability.

· How to invest in private equity and access high-quality opportunities.

Tweetable Quotes:"The key to risk management in investing is alignment—when you're invested alongside your clients, you're making decisions that benefit everyone." – Radon Stancil

"Diversification isn't just about owning different stocks; it's about Non-Correlated Assets that perform independently, reducing overall risk." – Murs Tariq

Resources:If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss the essential steps to creating a comprehensive financial plan designed for high-net-worth retirement. Joined by Nick Hymanson, CFP®, they walk through the emotional and financial transition from accumulating wealth during your working years to distributing that wealth to fund your retirement. They tackle the critical components of financial planning for retirement, including risk management, retirement income planning, and investment strategies that allow you to retire comfortably and confidently.

Listen in to learn about how a solid retirement investment strategy, focused on the Three Bucket Strategy, can help reduce sequence of returns risk and provide clarity and peace of mind. With today’s market volatility and increasing long-term care costs, it’s more important than ever to create a retirement planning guide that ensures your income, protects your assets, and helps you secure your retirement future through thoughtful tax strategies in retirement, retirement withdrawal strategies, and more.

In this episode, find out:· How the Peace of Mind Pathway guides you from working years to retirement with confidence.

· Why sequence of returns risk can derail your plan and how to protect against it.

· What makes the Three Bucket Strategy essential for high-net-worth retirement success.

· The growing importance of long-term care planning in today’s retirement landscape.

· Key retirement withdrawal strategies to create predictable, reliable income for decades.

Tweetable Quotes:"Our whole concept revolves around the Peace of Mind Pathway—it's not just about investments, it's about creating a complete plan to secure your retirement." — Murs Tariq

"The safety bucket is what allows you to sleep at night. It's the foundation that keeps you from worrying about daily market swings." — Murs Tariq

Resources:If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this episode of the Secure Your Retirement Podcast, Radon and Murs discuss the essential aspects of setting your retirement planning goals to ensure you're not only prepared but also confident in your transition into retirement. Whether you are five to ten years out or already retired, having a clear retirement planning checklist is crucial to help you address areas like financial goal planning, lifestyle desires, and family considerations. They share real-life experiences of how thoughtful preparation helps people retire comfortably and why retirement planning is important for creating peace of mind.

Listen in to learn about the different categories of financial planning for retirement, from understanding retirement income sources to preparing for healthcare costs and legacy planning. Radon and Murs cover practical strategies to help you navigate questions like how to retire early, how to manage taxes, and what steps are needed to support both your family and business as you plan for retirement. Whether you're seeking clarity on your next move or aiming to build confidence in your retirement future, this episode will guide you through the process of securing your retirement with purpose.

Listen in to learn about:· How to clarify retirement planning goals and gain confidence in your financial future.

· Important considerations for retirement planning for families, like funding weddings or creating lasting memories.

· What retirement planning for business owners looks like and how to prepare for selling a business or transitioning.

· Why tax planning for retirement needs to happen early and strategies to reduce tax burdens.

· How to approach estate planning for retirement, ensuring your loved ones and charitable goals are properly protected.

Tweetable Quotes:· "When you plan ahead, retirement becomes something you get to enjoy on your own terms, with confidence." – Radon Stancil

· "Understanding your retirement income sources and goals gives you the power to retire comfortably." – Murs Tariq

Resources:If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this episode of the Secure Your Retirement Podcast, Radon Stancil and Murs Tariq discuss some of the biggest concerns retirees face in 2025: inflation and retirement, market volatility, and Social Security benefits. As economic uncertainty continues, many are wondering how interest rates and the economy will impact their financial future. Radon and Murs provide valuable insights into how retirees can develop a sound retirement income strategy to navigate stock market fluctuations, optimize Social Security, and ensure financial security.

Listen in to learn about the importance of financial planning for retirees and how a well-structured plan can help you retire comfortably. They emphasize the need for investment risk management and safe investment strategies to mitigate the effects of inflation and market changes. Whether you're asking, "When should I retire?" or working through your retirement checklist, this episode offers actionable steps to plan for retirement effectively.

In this episode, find out:· How inflation affects retirement and what retirees can do to manage increasing costs.

· The impact of market volatility and interest rates on retirement planning.

· Why Social Security optimization is crucial and how to maximize your benefits.

· The role of a structured retirement income strategy in securing your retirement.

· The importance of a well-balanced investment portfolio to mitigate financial risks.

Tweetable Quotes:"Having a solid retirement plan means you won’t be blindsided by inflation or market volatility—it’s about peace of mind." – Radon Stancil

"Social Security is just one piece of the puzzle; having a financial roadmap ensures long-term security and flexibility in retirement." – Murs Tariq

Resources:If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this episode of the Secure Your Retirement Podcast, Radon and Murs discuss tax season preparation with their in-house tax strategist, Taylor Wolverton. As tax season approaches, understanding your tax documents and making informed filing decisions can help reduce stress and ensure accuracy. Taylor shares expert insights on essential documents, filing strategies, and common tax mistakes to help make tax filing easy and efficient. Whether you're planning retirement tax strategies or determining how to file taxes effectively, this episode will help you navigate tax season with confidence.

Listen in to learn about the different IRS tax forms you should expect, including W-2 and 1099 forms, and how to differentiate between standard vs. itemized deductions. Taylor also covers the significance of Qualified Charitable Distributions (QCDs) in retirement planning and how they impact your tax filing. Get valuable tips on avoiding common tax mistakes and ensuring all necessary documents are included in your tax filing checklist. This episode is packed with expert filing tips to help you retire comfortably and secure your retirement.

In this episode, find out:

The key tax documents you need for tax season preparation, including IRS tax forms like W-2, 1099, and 1099-R.
The difference between standard vs. itemized deductions and how to determine the best option for you.
The importance of Qualified Charitable Distributions (QCDs) for retirement tax planning and how to report them correctly.
Common tax mistakes to avoid when filing your return.
Best practices for organizing and storing tax documents to streamline future filings.

Tweetable Quotes:

"The IRS receives all your tax forms, so ensuring accuracy in your tax filing is crucial to avoid unnecessary headaches." – Radon Stancil
"If you made a Qualified Charitable Distribution (QCD), make sure to report it correctly—your 1099-R won’t automatically show it as tax-free!" – Murs Tariq

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss:The US economic outlook for 2025 with returning guest Andrew Opdyke, an economist who provides valuable insights into the key economic factors shaping the year ahead. With Federal Reserve policies, inflation and interest rates, and market volatility dominating financial conversations, we break down what investors and retirees need to know.

From employment trends to investment strategy, Andrew highlights how government policies, market shifts, and technological advancements—such as AI and automation—will influence US economic growth in 2025. Whether you're focused on your retirement plan, portfolio diversification, or simply trying to make sense of 2025 inflation trends, this episode is packed with expert analysis.

Listen in to learn about:· How Federal Reserve policies and interest rates could impact your retirement planning

· Why market volatility is expected in early 2025 and how to prepare

· The economic impact of Trump’s policy changes, including tariffs, tax cuts, and regulatory shifts

· The role of technology and economic growth, including the rise of AI

· Why US employment trends could dictate how quickly the economy stabilizes

In this episode, find out:· How inflation trends from 2024 set the stage for Federal Reserve policies in 2025

· Why market volatility explained matters for investors and retirees

· The impact of US employment trends on economic growth

· What to expect from Trump’s policy shifts in trade, taxation, and regulations

· Why technology advancements could shape the future of the economy

Tweetable Quotes:· "The Federal Reserve has a balancing act in 2025—cutting rates while ensuring inflation doesn’t spike again." — Radon Stancil

· "2025 is shaping up to be a year that economic textbooks will reference—whether for policy success or political gridlock." — Murs Tariq

Resources:If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this episode of the Secure Your Retirement Podcast, Radon and Murs discuss how retirement opens the door to incredible travel opportunities. Joined by travel consultant Molly Glasgow, they explore the secrets behind curating unforgettable, once-in-a-lifetime trips. Molly shares her expertise on planning bucket list trips, luxury travel experiences, and personalized itineraries, making travel both accessible and extraordinary for retirees. Whether you dream of cultural immersion travel or relaxing in world-class destinations, this episode offers invaluable tips on crafting unique travel experiences tailored to your preferences.

Listen in to learn about the process of designing the perfect trip, from idea to execution. Discover how professional travel planning ensures a stress-free journey, allowing you to focus on making memories. Molly explains the importance of timing, budgeting, and selecting the right destinations, ensuring that each trip is meaningful and special.

In this episode, find out:· How to plan bucket list trips of a lifetime without the stress.

· The benefits of personalized travel itineraries tailored to your preferences.

· Why luxury travel planning offers unparalleled value and peace of mind.

· The importance of timing and advanced preparation for exclusive travel experiences.

· Insights into cultural immersion travel and how it transforms your journey.

Tweetable Quotes:· "Travel isn't just about destinations; it's about the memories and connections you create along the way." – Radon Stancil

· "A well-planned trip can turn dreams into unforgettable realities." – Murs Tariq

Resources:If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

For expert travel planning, visit Molly Glasgow’s website at www.mollyglasgowtravel.com.

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In this Episode of the Secure Your Retirement Podcast, Radon Stancil and Murs Tariq discuss:The current state of the economy as we move into 2025. Joined by Tom Siomades, a chief marketing economist, they analyze how the election results, policy changes, and global events are influencing the stock market trends and broader economic outlook. Tom’s straight-talking insights provide valuable perspectives on inflation vs. interest rates, long-term investment planning, and small business growth.

Listen in to learn about:The challenges and opportunities shaping the 2025 economic outlook. Tom highlights key market trends, including the resilience of the stock market, the impact of energy policies, and the potential for economic growth amidst regulatory and political shifts. Whether you’re focused on retirement planning or seeking financial planning tips, this episode delivers actionable insights to secure your retirement.

In this episode, find out:· How 2024’s lessons of patience in investing are shaping strategies for 2025.

· The effects of the new administration's policies on the U.S. economy and stock market.

· Why inflation and energy costs remain central to the economic forecast for 2025.

· Opportunities for small business growth through deregulation.

· Long-term investment planning strategies for navigating a shifting market landscape.

Tweetable Quotes:· “2024 reminded us of the value of patience in long-term investing—missing one market rally could mean missing the next 56.” – Tom Siomades

· “Energy costs and deregulation are the twin keys to unlocking sustainable economic growth.” – Murs Tariq

Resources:If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss the complexities of the Medicare Advantage Open Enrollment Period with Shawn Southard, the Medicare aficionado at Peace of Mind Wealth Management. If you’ve ever felt overwhelmed by the intricacies of Medicare Advantage plans, prescription drug coverage, or Medigap policies, this episode is a must-listen. Shawn breaks down the options available, clarifies the rules for switching plans, and highlights key considerations for ensuring your Medicare coverage fits your unique needs.

Listen in to learn about the differences between Medicare Advantage and original Medicare, how to navigate maximum out-of-pocket costs, and what to look for when considering switching plans. Whether you’re planning retirement, retiring comfortably, or just looking to secure your retirement, understanding your Medicare options is crucial for avoiding costly mistakes.

In this episode, find out:· The key differences between Medicare Advantage plans and original Medicare.

· How Medicare Advantage Open Enrollment works and what changes you can make.

· The importance of evaluating Medicare Advantage networks and prescription drug coverage.

· Potential pitfalls when switching to original Medicare and Medigap policies.

· How maximum out-of-pocket costs and co-insurance impact your financial planning.

Tweetable Quotes:· “Understanding your Medicare Advantage plan can mean the difference between peace of mind and unexpected financial stress.” – Radon Stancil

· “Your healthcare coverage should work for you, not against you. Take the time to explore your options.” – Murs Tariq

Resources:If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss the strategies and rules surrounding common deductible charitable gifts in 2025. As the new year begins, many individuals are setting charitable giving goals while seeking to maximize their tax benefits. From understanding adjusted gross income (AGI) limits to choosing between donating cash, appreciated assets, or qualified charitable distributions, this episode walks you through everything you need to know to make informed decisions.

Listen in to learn about the tax benefits of donations, the importance of choosing the right type of gift, and how to align your charitable goals with your overall retirement plan. Whether you're donating cash, assets with capital gains, or making qualified charitable distributions, Radon and Murs provide practical advice to help you navigate these options effectively.

In this episode, find out:· The benefits of donating cash and how AGI limits affect tax deductions.

· How to use donating appreciated assets to avoid capital gains taxes while gaining deductions.

· The rules surrounding qualified charitable distributions (QCDs) for individuals over 70½.

· How to leverage long-term and short-term capital gains in your charitable giving strategy.

· The impact of the 2025 standard deduction on itemizing charitable deductions.

Tweetable Quotes:· "Charitable giving isn’t just about generosity; it’s about maximizing impact and minimizing taxes." – Radon Stancil

· "Understanding AGI limits can turn charitable donations into powerful tax-saving tools." – Murs Tariq

Resources:If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss key updates to the important financial numbers for 2025 that impact tax planning, retirement contributions, and other critical aspects of financial planning. They explain how inflation adjustments have influenced tax brackets, 401(k) and IRA contribution limits, Medicare IRMAA thresholds, and more. Whether you're planning your retirement or already enjoying it, this episode is packed with insights to help you navigate 2025 with confidence and clarity.

Listen in to learn about the updated financial planning numbers that are essential for a secure retirement. Radon and Murs delve into tax brackets, Social Security adjustments, HSA limits, and strategies to make the most of these changes. You’ll gain actionable insights to optimize your financial decisions for the new year.

In this Episode, find out:· The 2025 tax brackets and how inflation adjustments affect your tax planning.

· Updates to 401(k), IRA, and HSA contribution limits for retirement savings strategies.

· The latest changes to Social Security benefits, including COLA adjustments and taxation thresholds.

· Medicare IRMAA updates and how income levels impact your premiums.

· Key estate tax exemptions and what they mean for legacy planning.

Tweetable Quotes:1. Radon Stancil: "Understanding your tax brackets is crucial for making good decisions around tax strategy and retirement planning."

2. Murs Tariq: "Small changes in financial numbers can have a big impact—staying informed helps you retire comfortably and securely."

Resources:If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this Episode of the Secure Your Retirement Podcast, Radon Stancil and Murs Tariq discuss how to approach the start of 2025 with clarity and purpose. They introduce a detailed checklist to help you organize and plan various aspects of your life, including cash flow management, estate planning updates, tax considerations, and more. This isn’t just about setting New Year financial goals or resolutions; it’s about preparing comprehensively to ensure smoother transitions and better decision-making throughout the year. They also share practical steps for managing both personal and financial priorities effectively.

Listen in to learn about actionable steps you can take now to set yourself up for success in 2025. From evaluating long-term care insurance options to reviewing retirement planning strategies, this episode is packed with valuable insights. Don’t miss the opportunity to access their checklist, which will guide you through every category you should be thinking about as the new year begins.

In this episode, find out:· How to evaluate cash flow management and align your goals for the year.

· The importance of reviewing estate planning updates to ensure everything is up-to-date.

· Why assessing your investment risk is crucial as you plan for retirement.

· Key tax strategies like Roth IRA conversion benefits and contribution limits.

· Tips on when to consider long-term care insurance review and its advantages.

Tweetable Quotes:· "The more we’re prepared, the smoother things usually go." – Radon Stancil

· "Understanding what’s coming in and what’s going out is the foundation of good financial health." – Murs Tariq

Resources:If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this episode of the Secure Your Retirement Podcast, Radon Stancil and Murs Tariq continue their discussion from Episode 292 on How to Retire at 62. In this follow-up, they welcome their team member, Taylor Wolverton, to dive into the numbers of a real-world retirement financial plan. Together, they walk through detailed retirement scenarios for someone looking to retire at 62, highlighting critical strategies to ensure a secure and sustainable retirement. From income and expenses to Social Security at 62 and withdrawals, they leave no stone unturned.

Listen in to learn about how to build a financial plan that works for you, even when unexpected scenarios arise. You’ll also gain insight into why retirement planning at 62 requires more than simple calculations and how ongoing adjustments can help you retire comfortably and with peace of mind.

In this episode, find out:

· How much you need to retire at 62 and why a conservative approach matters

· A step-by-step breakdown of Social Security income strategies for early retirees

· How inflation impacts retirement expenses and why planning for it is crucial

· Key insights into 401k withdrawal strategies and cash flow sustainability

· Why a flexible and evolving retirement financial plan is essential

Tweetable Quotes:

· “Retirement planning isn’t about a one-time decision; it’s about creating a flexible, evolving plan that adapts to life changes.” - Radon Stancil

· “The key to retiring at 62 is understanding your numbers and having a solid plan to sustain your lifestyle long-term.” - Murs Tariq

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this Episode of the Secure Your Retirement Podcast, Radon Stancil and Murs Tariq discuss the difficult yet essential topic of navigating life after losing a spouse. They dive into critical financial and emotional steps to help widows and widowers during this challenging time. Losing a spouse is an emotional whirlwind, and the decisions that follow can feel overwhelming. However, with the right guidance and a structured approach, you can ensure a smoother transition.

Listen in to learn about the importance of having a comprehensive Checklist for Surviving Spouse, which includes financial advice, legal matters, and practical steps to take when a loved one dies. From understanding Social Security benefits to estate planning, Radon and Murs provide actionable insights to help you regain clarity and peace of mind during this life-altering period.

In this episode, find out:

How cash flow changes when a spouse passes and what to do about it.
The importance of retitling accounts, understanding wills, and updating estate plans.
Key considerations for Social Security survivor benefits and tax implications.
Why it’s vital to locate all accounts, insurance policies, and passwords.
How to adjust your retirement plan to reflect your new reality.

Tweetable Quotes:

“Losing a spouse is overwhelming, but having a clear plan can turn chaos into clarity.” – Radon Stancil
“Understanding your new financial picture is the first step to securing your future.” – Murs Tariq

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss: How to build the foundational steps for retiring at age 62 and achieving peace of mind in retirement planning. They dive into the critical questions that need to be answered, the data required to assess retirement readiness, and the steps to create a retirement roadmap. With this episode as the first of a two-part series, Radon and Murs explain how understanding your financial situation and goals lays the groundwork for a secure retirement.

Listen in to learn about:· The key elements of a retirement-focused financial plan and how to gather the right data.

· Why organizing your accounts and understanding assets is essential for retiring comfortably.

· The importance of identifying income sources like Social Security, pensions, and other retirement accounts.

· How to categorize your retirement expenses into essentials, wants, and legacy goals.

· The role of regular plan monitoring to adapt and adjust your retirement roadmap over time.

In this episode, find out:· The initial steps to determine if retiring at age 62 is feasible.

· How to use the Peace of Mind Pathway to clarify retirement goals.

· The importance of understanding and organizing investment assets.

· How to plan for retirement expenses, including big-ticket items.

· Why estate planning and understanding liabilities are vital for retirement security.

Tweetable Quotes:· "Retirement planning is about aligning your ins and outs: what you’ve saved and what you’ll spend." – Radon Stancil

· "Gathering the right data upfront is the foundation of any successful retirement plan." – Murs Tariq

Resources:If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this Episode of the Secure Your Retirement Podcast, Radon Stancil and Murs Tariq discuss the Nationwide Monument Advisor, a unique variable annuity designed to optimize tax planning strategies for retirement. While variable annuities often have a negative reputation due to high fees and restrictions, this product offers a refreshing alternative with minimal costs and significant tax deferral benefits. Learn why Radon and Murs believe this tool can be a game-changer for individuals with non-qualified assets, such as brokerage accounts, who are looking to improve their tax strategies while planning for retirement.

Listen in to learn about how the Nationwide Monument Advisor provides tax-efficient investment opportunities for individuals with non-IRA, non-401(k) assets. Radon and Murs break down the product’s mechanics, compare it to traditional variable annuities, and explain how it fits into a well-rounded retirement planning strategy. Whether you’re looking to manage brokerage account taxes, avoid capital gains, or simplify your tax return, this episode sheds light on how this tool can help secure your retirement.

In this episode, find out:· What makes the Nationwide Monument Advisor different from traditional variable annuities.

· How tax deferral works and why it’s advantageous for non-qualified assets.

· The importance of low costs in variable annuities and how this product excels.

· The flexibility of liquidity options and absence of surrender charges.

· How to leverage this product for retirement income planning and investment management.

Tweetable Quotes:· “The Nationwide Monument Advisor flips the script on variable annuities by offering a low-cost, tax-efficient way to manage non-IRA investments.” – Radon Stancil

· “With tax deferral and no surrender charges, this product removes the barriers that hold many back from optimizing their brokerage accounts.” – Murs Tariq

Resources:If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast

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In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss the fascinating journey of transitioning into retirement with special guest Dr. Ridley Moynes, author of The Four Phases of Retirement. This episode dives deep into the emotional, mental, and financial aspects of retirement, addressing the critical question: "Is retirement only about money, or is there more to finding purpose in retirement?" Dr. Moynes shares the framework he developed after years of research and over 150 interviews, breaking down the stages of retirement that retirees commonly face. Whether you are planning retirement or already retired, this episode will equip you with insights to navigate these stages and achieve peace of mind.

Listen in to learn about the emotional challenges many retirees encounter and how identifying your purpose can lead to fulfillment in this stage of life. Discover how the “Four Phases of Retirement” framework can help you plan for retirement beyond just finances and transition smoothly into a meaningful and joyful retirement life.

In this episode, find out:· What the Four Phases of Retirement are and how they apply to your journey.

· Why emotional preparation is as important as financial planning steps.

· How to avoid feeling lost and overcome the challenges of retirement.

· The importance of finding purpose and creating a sense of fulfillment after retirement.

· Practical tips for retiring comfortably and planning retirement with confidence.

Tweetable Quotes:1. “Retirement isn’t just about leaving work; it’s about finding a renewed purpose that makes you excited to get up each morning.” – Radon Stancil

2. “The happiest retirees are those who commit to service—whether it’s mentoring, volunteering, or being the best grandparent they can be.” – Murs Tariq

Resources:If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss the question many retirees and pre-retirees ask: "How much money do I need saved to spend $10,000 per month in retirement?" This is a highly specific question that requires a tailored approach to retirement planning. Radon and Murs reverse engineer this scenario to illustrate how to plan effectively, considering factors like budgeting on Social Security, inflation, and market volatility. They share insights into how their firm uses personalized retirement planning to provide peace of mind and ensure you can retire comfortably without worrying about running out of money.

Listen in to learn about the importance of understanding rules of thumb, like the 4% rule for retirement, while also acknowledging their limitations. Radon and Murs explain the concept of sequence of returns risk and how strategies like dividing assets into growth and safety buckets can help mitigate risks. They also emphasize the need to factor in inflation and longevity when determining whether your retirement savings are sufficient for your desired lifestyle.

In this episode, find out:· The relevance of the 4% rule and its application to budgeting on Social Security.

· How inflation and market volatility impact retirement income strategies.

· Why personalized retirement planning is essential for financial security.

· The role of growth and safety buckets in combating sequence of returns risk.

· What to consider when deciding to retire and ensuring a smooth transition.

Tweetable Quotes:· “Retirement planning isn’t about simple math—it’s about creating a personalized strategy that gives you peace of mind.” – Radon Stancil

· “Sequence of returns risk can derail a retirement plan, but strategies like safety and growth buckets provide stability and confidence.” – Murs Tariq

Resources:If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this episode of the Secure Your Retirement Podcast, Radon Stancil and Murs Tariq discuss the often-overlooked potential of annuities as a vital component of retirement portfolios. While traditionally, retirement planning relies on the 60/40 portfolio split between equities and bonds, Radon and Murs explore a fresh approach suited to today’s financial landscape. With fluctuating interest rates and persistent market volatility, it’s essential to consider alternatives like fixed index annuities to help manage stock market risk and secure retirement income.

Listen in to learn about the unique benefits of using annuities as an asset class and why they may serve as a better alternative to bonds for certain retirement income strategies. They discuss the challenges in bond markets, especially in today’s economy, and explain how fixed index annuities could offer more stability and potentially higher returns. Whether you’re seeking to reduce risk exposure or establish a more predictable retirement income stream, this episode provides valuable insights for a comfortable and secure retirement.

In this episode, find out:

· Why the traditional 60/40 portfolio may not be ideal for today’s retirees

· The impact of rising interest rates on bond volatility and retirement planning

· How fixed index annuities can complement stock market investments

· The pros and cons of using annuities to manage stock market risk

· Practical steps to incorporate annuities as part of your retirement checklist

Tweetable Quotes:

· "The old way of using bonds for stability is worth re-evaluating—annuities could provide the alternative you need." – Radon Stancil

· "Fixed index annuities can offer income stability without the bond market's volatility." – Murs Tariq

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this episode of the Secure Your Retirement Podcast, Radon and Murs discuss the often overlooked but crucial topic of creating a letter to your heirs. This letter serves as an essential supplement to your estate planning documents and plays a significant role in ensuring a smooth transition for your loved ones. The episode highlights how this thoughtful approach can simplify the process, ease emotional stress, and transfer the peace of mind you’ve enjoyed during your retirement planning to your heirs.

Listen in to learn about why a letter to your heirs is more than just a nice gesture—it's a critical tool in estate planning. Radon and Murs delve into the specifics of what such a letter should include and the ways it complements other estate documents like wills and trusts. They also share personal stories of how a well-prepared letter can make a significant difference during challenging times.

In this episode, find out:· Why a letter to your heirs is essential to estate planning.

· How this letter can simplify the process for your executor or trustee.

· What key details to include in your letter to create clarity.

· The importance of avoiding quick decisions on inheritance.

· How to ensure peace of mind is passed along to the next generation.

Tweetable Quotes:· “A letter to your heirs is not just a courtesy; it’s a vital part of estate planning that provides peace of mind and clarity.” - Radon Stancil

· “This letter simplifies the emotional and logistical challenges for your loved ones, allowing them to navigate your estate with confidence.” - Murs Tariq

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss the critical aspects of the Medicare Annual Enrollment Period (AEP) with Medicare Specialist, Shawn Southard. As we dive into Medicare AEP 2024, they explore why reviewing your current plan is crucial and how it may impact your healthcare costs, coverage, and provider networks. Whether you're already enrolled in Medicare or preparing to enroll, knowing the key changes and updates for 2025 is essential to make informed decisions. Shawn provides actionable Medicare enrollment tips that could save you money and ensure you have the right coverage for your needs.

Listen in to learn about the important factors to consider during Medicare AEP 2025, including the upcoming changes in prescription drug coverage, plan premiums, and benefits. Shawn also sheds light on how to evaluate your maximum out-of-pocket costs and the importance of checking provider networks and extra benefits offered by Medicare Advantage plans. Don’t miss out on these essential retirement planning insights to secure your healthcare in retirement.

In this episode, find out:

· Why you need to review your current Medicare coverage annually.

· How changes in premiums, co-pays, and maximum out-of-pocket costs can affect you.

· The importance of evaluating extra benefits like dental, vision, and fitness programs.

· How to ensure your providers are in-network for the upcoming year.

· Key changes in prescription drug coverage and what they mean for you in 2025.

Tweetable Quotes:

· "What worked for you last year may not be the best fit for next year. It’s essential to review your Medicare plan annually." — Shawn Southard

· "Medicare AEP is the time to reassess, compare, and make sure your coverage is still serving you in the best way possible." — Radon Stancil

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss the state of the U.S. economy with insights from Andrew Opdyke, an economist for First Trust Investments. As we approach the end of 2024, Andrew shares his expert outlook on critical economic trends, including the Federal Reserve’s recent rate cuts, the potential impact of the upcoming elections, and the ongoing geopolitical risks that could shape the year ahead. He provides valuable perspective on what these developments mean for both businesses and individuals as they plan for their financial future.

Listen in to learn about the economic forecast for 2024 and beyond, how geopolitical risks may affect markets, and what to expect from the real estate and tech sectors. Andrew explains these complex topics in an approachable manner, helping listeners understand how global and domestic events might influence their retirement planning strategy.

In this episode, find out:

· How the 2024 election could impact the U.S. economy and markets.

· The effects of Federal Reserve rate cuts and what to expect moving forward.

· The role of AI growth and technology advancements in economic growth.

· Geopolitical risks and their potential to influence inflation and trade.

· What to expect in the real estate market in 2024 and beyond.

Tweetable Quotes:

· "The Fed's actions aren't about a single move; it's the broader trend that matters for the economy." — Radon Stancil

· "When it comes to planning for retirement, we must think long-term and not overreact to short-term market fluctuations." — Murs Tariq

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this episode of the Secure Your Retirement Podcast, Radon and Murs discuss the final installment of their series on hybrid long-term care solutions, focusing on annuity versus life insurance. They provide an in-depth comparison of these two options, highlighting the pros and cons of each approach to help listeners determine which solution may be more suitable for their retirement planning. This episode serves as a comprehensive wrap-up of previous discussions on long-term care, offering valuable insights for anyone looking to secure their future and address long-term care needs.

Listen in to learn about the specifics of how hybrid long-term care annuities and life insurance policies function, including their coverage benefits, underwriting processes, and payout options. Radon and Murs discuss important factors such as guaranteed issue policies, tax-free benefits, and the impact of age and health status on insurance choices, empowering listeners to make informed decisions on planning for long-term care in retirement.

In this episode, find out:

· The differences between hybrid long-term care annuity and life insurance policies.

· How guaranteed issue policies work and when they may be beneficial.

· The benefits of tax-free long-term care withdrawals and inflation riders.

· Strategies for funding hybrid policies through lump-sum payments or ongoing premiums.

· How to determine which option may be the best fit based on age, health, and financial goals.

Tweetable Quotes:

· "The beauty of hybrid long-term care solutions is that they can provide tax-free benefits, giving you financial flexibility when you need it most." – Radon Stancil

· "If you're cash flow heavy but don't have assets set aside, the Lincoln MoneyGuard's pay-as-you-go model may be the right approach for you." – Murs Tariq

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this episode of the Secure Your Retirement Podcast, Radon and Murs discuss an exciting new partnership with Flourish Cash, a high-yield, FDIC-insured cash management account offering competitive rates and massive FDIC coverage. Special guest Ben Cruikshank from Flourish Cash joins the conversation to explain how this account can protect your savings while offering liquidity and great interest rates. Radon and Murs break down the benefits of Flourish Cash, its no-minimum balance requirement, and how it provides FDIC coverage up to $5 million per person. They also stress the importance of having a safe and efficient place to store excess cash, especially for those nearing or in retirement.

Listen in to learn about how Flourish Cash works, why it’s a game changer for cash management, and how it can provide you with more FDIC protection than a traditional savings account. Radon and Murs share their insights on how this partnership can simplify your savings strategy, keep your cash liquid, and help you earn competitive interest without any hidden fees.

In this episode, find out:

· How Flourish Cash offers competitive interest rates and no minimum balance requirements.

· Why Flourish Cash provides FDIC coverage up to $5 million per person.

· The advantages of a cash management account for liquidity and safety.

· How to integrate Flourish Cash into your overall financial strategy.

· Ways Flourish Cash can simplify your cash management without sacrificing returns.

Tweetable Quotes:

· "Flourish Cash offers high-yield savings with massive FDIC coverage and zero minimum balance – truly a game changer." – Radon Stancil

· "This partnership is all about giving our clients a secure, liquid option for their savings with the best possible interest rates." – Murs Tariq

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this episode of the Secure Your Retirement Podcast, Radon and Murs discuss the life insurance-based hybrid long-term care solutions, building on their previous conversation about hybrid annuities. They explore the advantages of a hybrid approach, particularly focusing on the MoneyGuard Fixed Advantage policy as an example. Radon and Murs explain how this product offers both a death benefit and long-term care coverage, making it an attractive option for those looking to protect their assets and ensure care later in life.

Listen in to learn about the key features of hybrid long-term care insurance, including tax-free benefits and flexibility in coverage options. Radon and Murs also dive into how these policies can be structured to provide peace of mind without the worry of losing premiums, unlike traditional long-term care insurance. Whether you're considering annuities or life insurance, this episode helps clarify the potential benefits and drawbacks of each option.

In this episode, find out:

· The differences between hybrid annuities and hybrid long-term care insurance policies.

· Key features of the MoneyGuard Fixed Advantage policy.

· How hybrid long-term care insurance can protect your assets and provide tax-free benefits.

· Why flexibility and elimination periods matter in long-term care coverage.

· A comparison of long-term care and death benefits within hybrid life insurance policies.

Tweetable Quotes:

· "With hybrid long-term care insurance, you're not just buying coverage—you’re securing peace of mind for both you and your heirs." – Radon Stancil

· "This is about transferring some of the risk for long-term care, giving you options without losing the money you’ve invested." – Murs Tariq

Resources:

If you are in or nearing retirement and want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this Episode of the Secure Your Retirement Podcast, Radon Stancil and Murs Tariq discuss hybrid long-term care insurance, with a focus on the Equitrust Bridge annuity and how it serves as a powerful tool for retirement planning. They explore the benefits of using hybrid annuities, a strategy that combines retirement income with long-term care coverage, offering a versatile solution for those concerned about managing future healthcare needs. In addition to breaking down how these products work, Radon and Murs also highlight the significant tax benefits they can provide, making them a valuable option for many retirees.

Listen in to learn about the key differences between traditional long-term care insurance and hybrid solutions, why hybrid annuities like the Equitrust Bridge stand out, and how to effectively use these financial products as part of a broader retirement planning strategy. Radon and Murs also offer guidance on the minimal underwriting requirements for these annuities and the options available even for individuals with health concerns.

In this episode, find out:

· What hybrid long-term care annuities are and how they work.

· Key features of the Equitrust Bridge annuity and its long-term care rider.

· The advantages of hybrid solutions over traditional long-term care insurance.

· How minimal underwriting allows greater accessibility to hybrid long-term care.

· The substantial tax benefits associated with using annuities for long-term care.

Tweetable Quotes:

· "This hybrid annuity is designed to give you the long-term care coverage you need, with the added benefit of keeping your money working for you." – Radon Stancil

· "For those looking to bridge the gap in retirement planning, a hybrid annuity offers tax advantages and peace of mind for long-term care needs." – Murs Tariq

Resources:

If you are in or nearing retirement and want to gain clarity on what questions you should be asking, learn about the biggest retirement myths, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this Episode of the Secure Your Retirement Podcast, Radon and Murs sets the stage for the next two episodes, which will dive deeper into long term care options.

Listen in to learn about the changes in long-term care insurance over the past 20 years and why traditional policies are becoming less common. Discover alternative long-term care solutions, such as hybrid policies that combine life insurance or annuities with long-term care benefits, and understand the pros and cons of each approach. This episode provides a high-level overview to prepare you for more detailed discussions in future episodes.

In this episode, find out:

· The issues with traditional long-term care insurance policies.

· How hybrid policies involving life insurance and annuities can help with long-term care.

· The pros and cons of long-term care insurance options.

· The role of underwriting in long-term care policies.

· How to evaluate whether to self-insure or buy long-term care insurance.

Tweetable Quotes:

· “Long-term care planning isn’t fun to talk about, but it’s essential if you want to secure your future.” — Radon Stancil

· “There are alternatives to traditional long-term care insurance, and it’s all about finding the best fit for your needs.” — Murs Tariq

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss the importance of understanding tax withholdings in retirement to avoid tax surprises. Unlike during your working years when taxes are automatically withheld from your paycheck, retirement requires a more strategic approach to managing taxes. To help navigate this complex terrain, they bring in Taylor Wolverton, a Certified Financial Planner and Enrolled Agent specializing in tax strategy. Taylor shares her expertise on how to adjust tax withholdings and make informed decisions to ensure smooth income flow during tax season.

Listen in to learn about how you can avoid unexpected tax bills or penalties by effectively managing your retirement tax withholdings. Taylor provides practical examples and shares real-life scenarios to demonstrate how different income sources, such as Social Security benefits, pensions, and investments, can impact your tax obligations. This episode is a must-listen for anyone looking to develop a robust retirement tax strategy and maintain financial peace of mind.

In this episode, find out:

How to adjust your tax withholdings in retirement to avoid surprises and penalties.
The impact of different income sources, including Social Security and pensions, on your tax obligations.
Strategies for maintaining consistent cash flow and managing tax liabilities efficiently.
Real-life examples and scenarios illustrating the importance of understanding tax withholdings.
Tips on reviewing and adjusting tax withholdings annually to align with your changing financial situation.

Tweetable Quotes:

"The power of understanding your withholdings is peace of mind—no surprises come tax time." — Radon Stancil
"Adjusting withholdings isn't just a set-it-and-forget-it task; it's an annual review to ensure your tax strategy aligns with your retirement goals." — Taylor Wolverton, CFP, EA

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss the intricacies of Social Security retirement benefits and answer some of the most commonly asked questions. They break down key topics such as when and how to apply for Social Security benefits, understanding the taxation implications, and how to maximize your benefits.

Listen in to learn about the various factors you should consider when deciding when to apply for Social Security benefits, how Social Security benefits are calculated, and how different types of income, like IRA withdrawals, might impact your benefits. They also delve into common pitfalls to avoid and provide strategies for protecting yourself from Social Security scams. Whether you are just beginning to think about retirement planning or are already navigating the complexities of Social Security, this episode offers valuable insights to help secure your retirement.

In this episode, find out:

· When and how to apply for Social Security benefits to maximize your payout.

· The impact of taking Social Security benefits before full retirement age.

· How different types of income affect your Social Security benefits.

· Strategies to avoid common Social Security scams.

· The importance of accurate income reporting for your Social Security record.

Tweetable Quotes:

· "Social Security is something you only apply for once, so it’s crucial to get it right the first time." – Radon Stancil

· "Income from your investments doesn’t count against your Social Security benefits, but earned income does." – Murs Tariq

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this episode of the Secure Your Retirement Podcast, Radon and Murs discuss the crucial topic of de-risking your investment portfolio as you approach retirement. As you get closer to this significant life milestone, the question of whether to become more conservative with your investments becomes more pressing. Radon, Murs, and guest certified financial planner Nick Hymanson explore various strategies to manage and reduce risk, emphasizing the importance of a personalized approach to retirement planning.

Listen in to learn about different types of risks that can affect your retirement, including market risk, sequence of returns risk, and longevity risk. The hosts also delve into practical steps you can take to protect your retirement income and ensure your investments are aligned with your goals as you transition from working life to retirement. With real-life client stories, this episode provides valuable insights on how to safeguard your financial future.

In this episode, find out:

· The importance of understanding and managing market risk as you approach retirement.

· How to protect your retirement income through strategic investment planning.

· The benefits of diversifying your investment strategies, including the use of structured notes and fixed income.

· Why having a personalized de-risking plan is crucial for your financial peace of mind.

· Common pitfalls to avoid when de-risking your portfolio, especially in times of market volatility.

Tweetable Quotes:

· "De-risking your portfolio is not about eliminating risk completely; it's about finding the right balance that aligns with your retirement goals." — Radon Stancil

· "A well-constructed retirement plan can help you navigate market risk, inflation, and longevity with greater confidence." — Murs Tariq

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss the essential rules and considerations surrounding your 401K as you approach and surpass the age of 50. Age 50 is a pivotal milestone when it comes to retirement planning, with key changes in contribution limits, withdrawal rules, and rollover options that can significantly impact your financial strategy. Understanding these rules can help you optimize your retirement savings and avoid costly mistakes.

Listen in to learn about the benefits of catch-up contributions, how to navigate the complex rules for 401K withdrawals after age 50, and the strategic opportunities available for Roth IRA conversions. Radon and Murs provide actionable insights to help you make informed decisions, ensuring your retirement documents are up-to-date and aligned with your financial goals.

In this episode, find out:

The significance of catch-up contributions for those 50 and older.
Key withdrawal rules after age 59 ½ and how to avoid penalties.
How to take advantage of the age 55 rule if you plan to retire early.
The benefits and considerations of rolling over a 401K to a Roth IRA.
The importance of reviewing and updating beneficiary designations in your retirement accounts.

Tweetable Quotes:

“Turning 50 opens up new opportunities in your 401K that can significantly boost your retirement savings.” – Radon Stancil
“Don’t overlook the power of catch-up contributions; it’s a chance to make up for lost time and enhance your retirement fund.” – Murs Tariq

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

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In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss the crucial documents you need to keep on file as you approach or enter retirement. It's not uncommon to feel overwhelmed by the amount of paperwork accumulated over the years, especially when it comes to tax returns, legal documents, and health care records. This episode offers valuable insights on how to manage your important documents effectively to ensure peace of mind during retirement.

Listen in to learn about the best practices for storing and organizing tax documents, health care records, legal papers, and other essential files. Radon and Murs also touch on the importance of digital storage solutions and how they can help you save space while keeping your documents secure. Whether you're concerned about potential audits, inheritance rules, or just want to make sure your legal documents are in order, this episode provides practical advice that every retiree should consider.

In this episode, find out:

· How long you should keep different types of tax documents and what to keep on file.

· The importance of maintaining accurate health care records, especially for HSA accounts.

· Key legal documents that you should store securely and ensure others know how to access.

· The significance of asset and debt-related documentation, including real estate and retirement accounts.

· The advantages of using digital storage solutions to manage and protect your essential documents.

Tweetable Quotes:

· "Keeping your documents organized isn't just about decluttering—it's about ensuring you're prepared for any situation, from audits to emergencies." – Radon Stancil

· "Having digital copies of your important documents can save you both space and stress, especially in retirement." – Murs Tariq

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss Social Security spousal benefits. Social Security is a complex subject, and today, we're diving into the intricacies of spousal benefits. What are they? How do they work? And what strategies can be utilized to maximize these benefits? To help us navigate this important topic, we are joined by Heather Schreiber, a consultant with a wealth of knowledge about Social Security. Heather's expertise will help you understand the nuances of Social Security spousal benefits, which is crucial for making informed decisions about your retirement planning.

Listen in to learn about the different scenarios and strategies for Social Security spousal benefits. We’ll cover the impact of age differences between spouses, the timing of benefit claims, and the financial implications of these decisions. Whether you are nearing retirement or helping a loved one plan for it, understanding these benefits can significantly affect your financial security. We also discuss the importance of consulting with experts to navigate the many rules and changes in Social Security.

In this episode, find out:

· How Social Security spousal benefits work and their eligibility criteria.

· The impact of claiming Social Security benefits at different ages.

· Strategies for maximizing Social Security spousal benefits.

· The importance of the higher wage earner delaying benefits.

· How survivor benefits are calculated and their significance.

Tweetable Quotes:

· "Social Security is a big part of many people's retirement planning, accounting for about 30% of their expected income." - Heather Schreiber

· "It's crucial to have experts in your corner to navigate Social Security's complex rules and ensure you make the right decisions." - Radon Stancil

Resources:

If you are in or nearing retirement and want to gain clarity on what questions you should be asking, learn about the biggest retirement myths, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this episode of the Secure Your Retirement Podcast, Radon and Murs discuss the importance of reevaluating your annuity, especially in the current economic climate. The episode dives deep into scenarios where reassessing your current annuity product can be beneficial, highlighting how both banks and insurance companies have gained from the recent rise in interest rates.

Listen in to learn about the four main reasons why you should consider reviewing your annuity now. Radon and Murs break down the impact of higher interest rates, inflation, and unnecessary riders, and how significant life events can affect your financial decisions. This episode is packed with actionable insights to help you navigate these changes and secure a more stable financial future.

In this episode, find out:

Why changing interest rates necessitate a review of your annuity.
How higher inflation rates can impact your annuity's performance.
The importance of evaluating unnecessary riders in your annuity.
How significant life events should prompt a review of your annuity.
Strategies to maximize your income and benefits through annuity adjustments.

Tweetable Quotes:

"Interest rate changes can significantly impact your annuity's performance—reevaluate now to ensure you're getting the best return." — Radon Stancil
"Inflation rates have soared, but with the right annuity adjustments, you can still secure a strong financial future." — Murs Tariq

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this episode of the Secure Your Retirement Podcast, Radon and Murs discuss the upcoming changes to Medicare Part D in 2025, bringing on their in-house healthcare specialist, Shawn Southard. The discussion highlights significant updates to prescription drug coverage that will impact beneficiaries, especially concerning cost reductions and structural changes due to the Inflation Reduction Act of 2022.

Listen in to learn about the details of these changes, including the lowering of out-of-pocket maximums and the elimination of the infamous "donut hole" coverage gap. The conversation also touches on the broader implications for Medicare beneficiaries, such as potential increases in plan premiums and the necessity for careful review of one's Medicare coverage in light of these changes.

In this episode, find out:

Key changes to Medicare Part D starting in 2025.
The impact of the Inflation Reduction Act on Medicare beneficiaries.
The reduction of out-of-pocket maximums for prescription drugs.
The elimination of the Medicare "donut hole."
Strategies for navigating these changes and optimizing Medicare coverage.

Tweetable Quotes:

"Potentially, the most that people are going to have to pay now in Medicare prescription drug plans is $2,000 out of pocket." - Shawn Southard
"This is the year you need to take a hard stop and review your Medicare situation." - Shawn Southard

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this Episode of the Secure Your Retirement Podcast, Radon and Murs delve into the importance of understanding Social Security benefits, the role of annuities, and how to effectively plan for long-term care. Whether you are approaching retirement or already retired, this episode provides valuable information to help you make informed decisions and avoid common pitfalls.

The conversation highlights the significance of having a comprehensive retirement plan that not only addresses financial needs but also considers personal goals and lifestyle choices. This episode is packed with expert advice and practical tips to help you achieve a secure and fulfilling retirement.

In this episode, find out:

How to maximize your Social Security benefits
The pros and cons of different types of annuities
Strategies for long-term care planning
The psychological preparation needed for retirement
Tips for staying informed about changes in retirement laws

Tweetable Quotes:

"Retirement is not just a financial journey, but a significant life transition that requires emotional preparedness." – Radon Stancil
"Understanding your Social Security benefits can make a huge difference in your retirement income." – Murs Tariq

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this Episode of the Secure Your Retirement Podcast, Radon and Murs speak with Andrew Updyke as he provides his expert analysis on the current economic landscape and what to expect moving forward. They discusses the divergence within the economy, the issues with the banks, the recession and market volatility, and much more.

Listen in to learn Analysis of the stock market's performance in the first half of the year and expectations for the remainder of 2024, with a focus on sectors like AI. You will also learn the anticipated rate cuts, and the current state of inflation and employment

In this episode, find out:

Federal Reserve Mid-Year Checkup: Andrew Updyke discusses the Federal Reserve's mid-year meeting and their revised forecast, including the expectation of only one rate cut in 2024 instead of the initially anticipated three.
Election Year Dynamics: The influence of the upcoming election on the Federal Reserve's decisions and the potential timing for any rate cuts.
Market Performance and Projections: Insights into the market's strong performance in the first half of 2024 and cautious predictions for the remainder of the year.
Recession Concerns: An analysis of the current economic indicators and the possibility of a recession in the next six to nine months.
Geopolitical Issues: The economic impacts of ongoing geopolitical conflicts, particularly in Ukraine and the Middle East, and their effect on inflation and shipping costs.

Tweetable Quotes:

"Election years tend to bring emotion with them. People get worked up. But while we do get emotionally invested on the political side, it tends not to have a substantial impact in the short-term or medium-term on the markets." – Andrew Updyke
"We have 160 trillion dollars of net worth in this country. I think as we look forward, I'm not looking at this as something that can't be solved, but I do think that we're going to see tweaks." – Andrew Updyke

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss holistic wealth management, which goes beyond just savings and investments. While an investment manager looks at your investments or savings in your wealth accumulation phase, a holistic wealth manager helps you build a comprehensive retirement-focused financial plan.

Listen in to learn all the data points we collect and focus on to help you build a comprehensive retirement-focused financial plan. You will also learn the advantages of having a holistic wealth manager to help you make major financial decisions in retirement that you might otherwise hesitate to make.

In this episode, find out:

The role of an investment manager in guiding you to properly save and invest in the wealth accumulation phase.
The difference between an investment manager and a holistic wealth manager.
How a holistic wealth manager will help you build a comprehensive retirement-focused financial plan.
All the data points we get and focus on to help you build a comprehensive retirement-focused financial plan.
How holistic financial planning covers all the financial concerns that bother people in retirement.
The advantages of having a holistic wealth manager to help you make major financial decisions in retirement.

Tweetable Quotes:

“When you work with a holistic wealth manager, they’re going to begin everything by building a comprehensive financial plan and, in our case, a comprehensive retirement-focused financial plan.”- Radon Stancil.
“Just because you may have done a good job of saving the assets, a lot of time you need a lot of help getting all the way to the finish line and understanding some of the major financial decisions.”- Murs Tariq

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss the income needed during retirement. It’s important to understand that spending needs in retirement will differ significantly from your current earnings due to various factors such as taxes, savings, and job-related expenses.

Listen in to learn about a comprehensive approach to estimating retirement expenses by identifying costs that will decrease or disappear in retirement. You will also learn about expenses that will remain constant or increase during retirement and the importance of examining your current net income and expenses to understand your spending patterns better.

In this episode, find out:

The flawed approach of using online income percentages to determine your retirement needs.
Identifying work-related expenses that will reduce or cease in retirement and their impact.
Understanding the ongoing and possibly increasing retirement expenses.
The importance of examining your current spending to estimate your future financial requirements better.
The importance of having a detailed financial plan to ensure a comfortable retirement.

Tweetable Quotes:

“How much income you're going to need in retirement comes back to how much you’re spending and how much you’re going to spend in retirement because everything's going to be different in retirement.”- Radon Stancil.
“The sooner you start thinking about what your life is going to look like in retirement, planning for it, and putting numbers to it, the easier it is to make it a reality.” - Murs Tariq.

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss practical tips on how to safeguard your information and prevent cybersecurity fraud. Fraudsters are continuously evolving their tactics, making it easy to fall victim with a simple click, which is why keeping yourself educated is important.

Listen in to learn the importance of regularly updating your personal information with your financial advisor and only making changes with verbal verification. You will also learn the importance of being suspicious of unsolicited emails and phone calls, avoiding sharing sensitive information on social media, and verifying money movement instructions via secure methods.

In this episode, find out:

Never call numbers from suspicious pop-ups claiming to be from reputable companies and instead seek professional help.
Best practices for working with your advisor: Provide regular updates and verbal verification of any changes to personal information.
The advanced verification methods used by financial custodians like voice recognition and two-factor authentication.
How to be suspicious of unsolicited phone calls, avoid sharing sensitive information on social media, and verify money movement instructions securely.
Things to do to keep your phone and computer technology up-to-date to prevent security breaches.
Avoiding risks with public networks – use personal devices and secured connections when conducting sensitive transactions in public.
Password management – create unique passwords for different accounts and use password managers for enhanced security.
The importance of verifying the authenticity of emails and links to avoid falling victim to phishing attempts.

Tweetable Quotes:

"We would never change your email, never change your address, never change your phone number without going through the right protocol, which is going to be able to verify you verbally."- Radon Stancil.
"Phishing is scammers trying to bait you somewhere or the other by creating urgency by saying, if you don't do this, then something is going to happen to your computer."- Murs Tariq.
“At the end of the day, try to be vigilant and ask yourself, “do I truly know where this is coming from, and is it worth clicking this button?”- Murs Tariq.

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this Episode of the Secure Your Retirement Podcast, Radon, Murs, and Taylor discuss the significance of Form 5498 as an essential tax information document. Taylor describes Form 5498 as an informational document that reports contributions, rollovers, and required minimum distributions (RMDs) related to IRAs.

Listen in to learn why Form 5498 is important for record-keeping and verification purposes but does not impact the already filed tax return. You will also learn why the form shouldn’t cause alarm since it doesn’t necessitate any changes to the already filed tax returns.

In this episode, find out:

The informational purpose of Form 5498 is to verify contributions to and rollovers between retirement accounts.
The information reported on Form 5498 includes contributions to IRAs, rollovers, and RMDs.
The difference between the taxable distributions reported on Form 1099 and the informational nature of Form 5498.
Why Form 5498 does not require any changes to already filed tax returns.
How Form 5498 helps the IRS verify that contributions reported on tax returns were actually made.
A practical example of a 401k rollover and how it's reported using Form 5498.
Why Form 5498 comes out later in the tax year as opposed to other tax return forms.

Tweetable Quotes:

"Form 5498 is for your records in case you were ever to be audited or need to prove to the IRS that you did something this way or that way."- Murs Tariq.
"The 5498 reports contributions to accounts, or sometimes custodians will send out 5498s to show what the required minimum distribution should have been for the prior year."- Taylor Wolverton.

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss the concept of annuitization and immediate annuities versus deferred annuities. Annuities can come from different sources, such as insurance companies or municipal pensions.

Listen in to learn how immediate annuities work, their pros and cons, and risks such as the potential loss of the principal if the annuitant dies early. You will also learn how deferred annuities work, the fixed type of deferred annuities, and why they make more sense for retirement planning than immediate annuities.

In this episode, find out:

The concept of annuitization and immediate annuities versus deferred annuities in retirement planning.
Understanding that annuities can originate from insurance companies or pension plans.
Annuitization – converting a lump sum into an income stream, plus the implications of this conversion.
Various protections that can be added to immediate annuities, such as joint annuitization and period certain annuities.
How deferred annuities allow the principal to grow over time before withdrawals begin.
Fixed deferred annuities – guarantees the principal and offer growth linked to market indices without market risk.
The financial suitability of immediate versus deferred annuities for different types of savers.

Tweetable Quotes:

“You want to be very careful about using the word annuitization because sometimes people are receiving income thinking it’s annuitization and it’s truly not.”- Murs Tariq.
“If you’re a good saver who’s saved a good amount of money, it’s probably not going to make the best financial decision to do an immediate annuity.”- Radon Stancil.
"Should a person put all their money into an annuity? Absolutely not. Not in our opinion. But should they consider an annuity? Possibly."- Radon Stancil

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this episode of the Secure Your Retirement Podcast, Radon and Murs discuss the difference between FDIC (Federal Deposit Insurance Corporation) insurance and SIPC (Securities Investor Protection Corporation) insurance. Both FDIC and SIPC offer protection of funds held in accounts at financial institutions like Charles Schwab or Fidelity.

Listen in to learn about the basics of FDIC insurance, which protects bank deposits, and SIPC insurance, which safeguards investors against the loss of cash and securities. You will also learn about strategies to help you maximize coverage using account titling and diversification.

In this episode, find out:

FDIC – a federally backed insurance on banks created to restore public confidence in the banking system.
Understanding the types of accounts and the amount of money FDIC insurance covers.
SIPC – insurance that protects investors against the loss of cash and securities held by a brokerage firm.
SIPC insurance doesn’t cover market losses but ensures the return of missing stocks and other securities.
The differences between bank deposits (covered by FDIC) and investment securities (covered by SIPC).
The importance of having a diversified investment strategy to balance safety and growth potential.

Tweetable Quotes:

“FDIC was created to make people feel comfortable with the banking system, knowing that there could be issues, but there are covers that their money is protected”- Murs Tariq.

“Let's think through how to make a financial plan and build an investment strategy around it in various buckets and diversification types of strategies so that we've got good strategies working for us.”- Murs Tariq.

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this Episode of the Secure Your Retirement Podcast, Radon, Murs, and Shawn discuss Medicare planning for people nearing the age of 65. Shawn explains the timelines and eligibility criteria for the Initial Enrollment Period (IEP), Special Enrollment Period (SEP), and General Enrollment Period (GEP).

Listen in to learn the importance of understanding enrollment periods to avoid late penalties. You will also learn about Shawn’s seamless approach to guiding clients through the complexities of Medicare planning.

In this episode, find out:

Initial Enrollment Period (IEP) – the seven months before, during, and after you turn 65.
Special Enrollment Period (SEP) – working beyond age 65 and coming off an employer group plan.
General Enrollment Period (GEP) – three months each year to enroll in Medicare parts A and B.
Common scenarios – still working with employer coverage, retirees with retiree health plans, and Social Security beneficiaries.
The enrollment process – where to go, the required documents, and the potential penalties for late enrollment.
Shawn shares his seamless approach to guiding clients through Medicare planning.

Tweetable Quotes:

“Depending on when either your initial or special enrollment period ended, when you come around and enroll into Medicare during the general enrollment, you may have a late enrollment penalty; it all depends on your situation.”- Shawn Southard
“There are some things in Medicare once they're done, they can't be undone, so a mistake that you make can be a lifetime mistake, and late enrollment penalties are monthly lifetime mistakes.”- Shawn Southard

Connect with Shawn:

Email: shawn@POMwealth.net

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this Episode of the Secure Your Retirement Podcast, Radon and Murs speak with Lynne Moore about the concept of aging in place, comparing it to continuous care retirement communities (CCRCs). Lynn has an extensive background in geriatrics and now works with ThriveMore, an organization specializing in helping people age in place.

Listen in to learn how ThriveMore's program supports seniors in staying at home as they age while receiving necessary care. You will also learn the differences between aging in place and living in a CCRC, as well as the benefits of joining the ThriveMore program earlier.

In this episode, find out:

Lynne’s career background in geriatrics nursing and leadership and how she ended up at ThriveMore at home.
The similarities and differences between continuing care at home and living in a CCRC.
How ThriveMore's program focuses on bringing care services into individuals' homes.
The ThriveMore program details about membership fees, eligibility criteria, and benefits.
The benefits of joining the program early and the inflation protection of coverage.
Why the age-in-place program is best suited for introverts, plus how ThriveMore handles couples.
ThriveMore's vetting process for care providers and their emphasis on quality care.
Information on how you learn more about ThriveMore and explore the program.

Tweetable Quotes:

“We're arranging, coordinating, navigating, and overseeing care to ensure quality care is provided as the person needs more. And it may be short term, it may be long term, but we're bringing that care in, and in addition to that, the long-term care insurance component is underwriting the cost of that care.”- Lynne Moore
“Getting in our program earlier saves you money and helps you be ready in case something unanticipated happens with your health.”- Lynne Moore

Get in Touch with Lynn:

Website: https://www.thrivemoreathome.org/
LinkedIn: https://www.linkedin.com/in/lynne-moore-rn-lnha-cmc-caps-3a899237/

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this Episode of the Secure Your Retirement Podcast, Radon, Murs, and Nick discuss downsizing in retirement. Scenarios such as lifestyle preferences and financial needs are what make downsizing a consideration for retirees.

Listen in to learn how we use practical scenarios to help clients visualize the potential outcomes of downsizing decisions. You will also gain insights into the importance of assessing the impact of downsizing on your retirement plan, whether it's for convenience or financial optimization.

In this episode, find out:

Some real-life scenarios where you might want to downsize in retirement.
The challenges and benefits of downsizing like monetary implications and lifestyle enhancements.
How we strategize to incorporate downsizing into a retirement plan and open up flexibility.
The importance of early assessment and strategic planning to make informed downsizing decisions.
How we simulate real-life scenarios to give you an insight into the consequences of downsizing in the future.

Tweetable Quotes:

"Downsizing may be an even exchange, but there are a lot of benefits that you pick when you make the move that you weren’t looking for 10 to 20 years ago, but now it’s something important.”- Nick Hymanson.
“It gives more flexibility into your retirement plan if you have additional cash flow and funds through your retirement.”- Nick Hymanson.

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this Episode of the Secure Your Retirement Podcast, Radon, Murs, and Taylor discuss in detail the importance of spending more in retirement as a savvy saver. Taylor provides a numerical analysis and insights into how spending habits in retirement can impact your financial plan in a scenario of a sample retired couple in their late 60s.

Listen in to learn the importance of aligning expenses with income sources and assets in retirement planning, considering inflation and the potential for increased expenses. You will also learn the importance of enjoying retirement and fulfilling bucket list items even when they require larger withdrawals.

In this episode, find out:

A practical scenario of a retired couple’s income sources, assets, and spending habits.
The steps we take our clients through when building a successful financial plan in retirement.
The importance of aligning expenses with income sources and assets in retirement planning.
Understanding strategies for accommodating increased spending in retirement.
Why you should enjoy your retirement and fulfill bucket list items with occasional larger withdrawals.
Don’t get caught up in the numbers; understand that income, assets, and expenses differ for different people.

Tweetable Quotes:

“Our job is to bring comfort to the idea that every now and then you can take a larger withdrawal to satisfy a bucket list wish you’ve been putting off for so long.”- Murs Tariq
"Although it may appear costly initially and impact retirement planning, ultimately, your efforts have led you to this point."- Murs Tariq
“Do not get caught up in the numbers; your numbers are your numbers; the relationship between what you’re spending and what you have completely differs for different people.”- Radon Stancil

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this episode of the Secure Your Retirement Podcast, Radon and Murs discuss the importance of spending more in retirement. The savings habits we build in our working years can unintentionally lead to a fear of spending money to enjoy life in retirement.

Listen in to learn how to shift your mindset from fear of spending and start building good habits that will lead to a successful retirement. You will also learn about the experiences and things you can spend money on, plus the importance of planning ahead of your retirement.

In this episode, find out:

● How the fear of running out of money in retirement is putting you into a fear mindset.

● How saving habits become deeply ingrained in us that it becomes difficult to spend in retirement.

● How to shift your mindset and start building good habits for a successful retirement.

● How to spend money on experiences and things that can make your life more enjoyable.

● The importance of planning ahead of your retirement to make vision financially possible.

Tweetable Quotes:

● "People often experience immense anxiety about depleting their finances during retirement, and this fear can be paralyzing, trapping them in a mindset dominated by fear."- Radon Stancil

● “We get so good at saving, and these habits get ingrained so deeply in our brains that it makes it very difficult to start spending our money, particularly in retirement age.”- Murs Tariq

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss the meaning of portfolio diversification and why you shouldn’t put all your eggs in one basket. True portfolio diversification means spreading your money across multiple layers of different options.

Listen in to learn about the four major strategies we use to significantly diversify investment portfolios for our clients. You will also learn how we use a diversified fixed annuities portfolio for clients who want to avoid market risk.

In this episode, find out:

Understand that having multiple financial advisors/custodians doesn't give you diversification on its own.
The core strategy – how we invest based on what we think will happen in the market based on the available good data.
The tactical strategy – how we align investments based on what is working right now.
Structured notes – bond alternative low-risk investments issued by banks that yield and gain interest.
The fixed income strategy – actively managed and well diversified traditional bonds.
How we use a diversified fixed annuities portfolio for clients who want to avoid market risk.

Tweetable Quotes:

“Simply having three distinct advisors or custodians doesn't inherently provide diversification.”- Radon Stancil
“We strongly advocate that there isn't a single perfect strategy. By integrating various proven strategies, we create a robust approach that will perform effectively in the long run, particularly for individuals nearing or already in retirement.”- Murs Tariq

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this Episode of the Secure Your Retirement Podcast, Radon and Murs speak with Andrew Opdyke about a 2024 1st quarter economic update and the expected economic changes in the second quarter. Andrew is a Certified Financial Advisor and Economist at First Trust Advisor.

Listen in to learn how the current concentration performance and the 2024 elections will impact the market volatility and economy, respectively. You will also learn about things that are bringing inflation down and why we’ll still see a relatively shallow recession this year.

In this episode, find out:

● The unexpected events that risk increasing inflation in the second half of 2024.

● Understanding the fight between strengthening the economy and keeping the pressure on inflation.

● The possible impact of the current concentration performance on the market volatility.

● How the 2024 elections will impact the economy and why you shouldn’t make investment changes based on the outcome.

● Things bringing inflation down and why we’ll still see a relatively shallow recession.

● The 2nd quarter concerns – quitting the inflation rates too soon and the huge spending numbers.

● The 2024 Excitement – the broadening out of companies and the longer-term reward of it.

Tweetable Quotes:

● “Some of the things that are bringing inflation down are because of some deterioration we’re seeing from pockets of the economy.”- Andrew Opdyke

● “Based on history, you have virtually never benefited from making significant investment changes based on the party that’s in power.”- Andrew Opdyke

Get in Touch with Andrew:

● LinkedIn: https://www.linkedin.com/in/andrewopdyke/

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss the impact of the sequence of returns on your retirement plan. The sequence of returns is the risk associated with how your money makes or loses money, and it can significantly impact your retirement plan.

Listen in to learn the importance of having income safety and growth buckets to make your retirement smoother and reliable and give yourself peace of mind. You will also learn how the sequence of returns can positively and negatively impact your retirement investments and overall plan.

In this episode, find out:

● The three money buckets to set up your retirement plan to avoid the effects of the sequence of returns.

● Sequence of return – risk associated with the positives and negatives of the sequence of your returns as you get closer to retirement age.

● The most ideal and not-so-ideal ways to walk into retirement and how the latter can affect your retirement plan.

● The importance of having income safety and growth buckets to dramatically reduce the risk of the sequence of your returns.

● Two scenarios to help you understand how the sequence of returns can positively and negatively impact your retirement investments.

Tweetable Quotes:

● “The sequence of return, particularly when we’re close to retirement or already retired, is going to have a significant impact on our withdrawal strategy and ultimately our peace of mind.”- Murs Tariq

● "If you enter your retirement phase amidst a market downturn but refrain from withdrawing funds, you can afford the opportunity for it to rebound, a far less significant impact compared to withdrawing from your account during the downturn."- Radon Stancil

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this Episode of the Secure Your Retirement Podcast, Radon, Murs, and Taylor discuss navigating tax withholding for retirees. When you retire, you have various sources of income, and you can choose to either withhold the tax on them, make estimated tax payments throughout the year, or do a combination of both.

Listen in to learn about your tax withholding options regarding your social security benefits, pension income, and IRA distributions. You will also learn about sources of income not eligible for tax withholding, plus how to avoid tax penalties after selling a highly appreciated asset.

In this episode, find out:

● Understanding tax withholding and how it differs from estimated tax payments throughout the year.

● The options you have when it comes to tax withholding on your social security benefits.

● The process available and information needed for tax withholding on your pension income.

● Understanding the default and other tax withholding options available to IRA distributions.

● Sources of income not eligible for tax withholding and the tax options available for them.

● Pay attention to the next estimated tax due date when you sell a highly appreciated asset to avoid penalties.

● All the information we need to know to advise you accordingly and avoid any tax surprises during tax season.

Tweetable Quotes:

● "Paying estimated taxes periodically demands foresight and a significant time commitment. Your CPA can assist you in projecting the quarterly payments necessary."- Taylor Wolverton

● "Upon retiring, there may be several years of transition as you establish diverse income streams, with social security being merely one aspect of this process."- Taylor Wolverton

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss the possible impact of the presidential election on your retirement investments. Political uncertainty causes increased volatility in the short term, and the idea here is to maintain security and peace of mind regarding your retirement plan.

Listen in to learn why combining the strategic core and tactical portfolio strategies works well in lowering risk. You will also learn how structured banknotes lower the risk for a client to have a fixed income in case of a volatile market in an election year.

In this episode, find out:

Understand that political uncertainty causes increased volatility in the short term.
How we divide the growth portfolio into the strategic core and tactical themes.
The strategic core theme –aligning the portfolio to what we believe will happen based on the economic conditions.
Tactical – a good and active risk management tool aligned to what’s working right now.
The moderate growth portfolio – how structured banknotes lower the risk for a client to have a fixed income.

Tweetable Quotes:

“There’s probably going to be a little bit of volatility in 2024, but not anything that’s going to be because of party changes or anything of the sort.”- Radon Stancil
“We have two themes in our growth model, strategic core, which is fundamentally based and tactical, which is what’s working right this moment.”- Murs Tariq

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this Episode of the Secure Your Retirement Podcast, Radon and Murs speak with Mercedes Fernandez about keeping mobility in retirement. Mercedes is the founder of Movement, lead Geriatric Physiotherapist, a certified senior fitness instructor, and an authorized CPR/First Aid responder.

Listen in to learn the most common mobility issues in older adults and the good habits you can develop to reduce them as you age. You will also learn how maintaining movement with simple stretches and following the right instructions with mobility aids and exercise can diminish pain and prolong your mobility ability.

In this episode, find out:

● Mercedes describes her work in the study of human body movement and her focus on older adults.

● Most common mobility issues in older adults and good habits you can develop to reduce them.

● Simple stretches you can do anywhere to diminish most of the pain you don’t even realize you have.

● How lack of instructions on how to use a mobility aid or exercise can be a fall or health hazard.

● The importance of maintaining movement as you age to prolong your mobility ability.

● How to access Mercedes, the demographic she works with, and her treatment process.

Tweetable Quotes:

● “Stretching is overlooked, but if we all learned how to stretch, we could diminish a lot of the pain that we do not even realize we’re having.”- Mercedes Fernandez

● “The best prevention and maintenance we can have is to keep moving and incorporate some type of stretching.”- Mercedes Fernandez

Get in Touch with Mercedes:

● Website: https://mouvement.info/

● Free Gift: https://mouvement.ck.page/mobility

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss things to consider when gifting and loaning money to children. There are tax and financial implications when it comes to gifting, but you can do it right when you understand all the legalities.

Listen in to learn the importance of understanding the purpose of gifting money to your kids to help you structure it and think of the implications. You will also learn how to navigate the legalities of loaning money or co-signing a house with your kids.

In this episode, find out:

Understand the purpose of gifting money to your kids to help you structure it and consider the implications.
Think about your own financial stability before gifting money to avoid becoming a liability.
Think about the potential tax implications to you when gifting the money while still alive.
Consider how to navigate the idea of estate planning, family dynamics, and your legacy.
Why co-signing a house with your kid is the least desirable option for gifting money.
How to navigate the legalities of loaning money to your kids to buy a house.
Advantages of loaning money to your kids, plus the importance of having the right documentation in place.
The different things to consider when it comes to gifting, transferring, or loaning your family.

Tweetable Quotes:

"Exercise caution before presenting money as a gift, ensuring that you are certain it won't be spent, unless you are confident in having a predetermined amount set aside."- Radon Stancil
“Although the act of giving can be rewarding and satisfying, it's important to carefully consider the various implications involved in gifting, transferring, or loaning to your family.*”*-Murs Tariq

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss how to harness the power of step-up in basis when it comes to inheritance. A basis is the original investment into something and can be a big tax strategy as a step-up in inheritance.

Listen in to learn about the tax advantage inheritors get when capital gains on investments are erased when you pass away. You will also learn the importance of having a conversation with a financial professional to evaluate the risk associated with holding one investment for basis purposes.

In this episode, find out:

Basis – your original investment into something and why it’s important when talking about a step-up in inheritance.
Step-up in basis – the tax advantage inheritors get when capital gains on investments are erased.
Why the step-up in basis could be an excellent wealth transfer strategy for long-term investments.
The importance of having a conversation with your financial advisor to evaluate the risk associated with holding one investment.

Tweetable Quotes:

“Comprehending the concept of step-up in basis holds significant importance in navigating inheritance matters, such as stocks or properties. It can emerge as a strategic consideration even prior to the actual inheritance event.”- Murs Tariq

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this Episode of the Secure Your Retirement Podcast, Radon and Murs have Shawn Southard, our in-house Medicare expert, talk about Medicare's doughnut hole. Medicare’s doughnut hole is a temporary limit on what a Medicare drug plan will pay towards the course of the drug.

Listen in to learn about the importance of enrolling into a prescription drug plan at the right time to avoid paying penalties. You will also learn about the four stages of how Medicare Part D works, plus strategies you can take yourself to avoid the doughnut hole.

In this episode, find out:

Doughnut hole – a temporary limit on what a Medicare drug plan will pay towards the course of the drug.
The history of the prescription drug side of Medicare (Part D) and the importance of enrolling in a prescription drug plan.
The four stages of how Medicare Part D works – the deductible, initial coverage, coverage gap, and catastrophic coverage.
How the Inflation Reduction Act of 2022 will benefit Medicare beneficiaries moving forward.
The strategies available to help you avoid the doughnut hole if the government doesn’t fix it.

Tweetable Quotes:

“When it comes time to get on Medicare, you want to make sure that even if you don’t need it right away, you do enroll into a prescription drug plan to avoid any penalties.”- Murs Tariq
“If you do not enroll into a prescription drug plan when you are first eligible to do so when you turn sixty-five or retire and get into Medicare, there’s a late enrolment penalty of 1% per month for every month you’re not enrolled in a drug plan when you’re supposed to be.”- Shawn Southard

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this Episode of the Secure Your Retirement Podcast, Radon, Murs, and Nick discuss beneficiary best practices and what’s discussed in a typical beneficiary’s meeting. Things can change in a year, and that’s why we believe it’s important to update or change beneficiaries annually.

Listen in to learn how we prepare for the beneficiaries’ topic before the client meeting. You will also learn how primary and contingent beneficiaries work and the difference between per stirpes and per capita beneficiary designations.

In this episode, find out:

Understanding the topics covered in a financial planning strategy meeting and its benefits.
How we prepare for the beneficiaries’ topic before the client meeting.
The reasons why we advise updating or changing beneficiaries annually.
The beneficiary designation’s structure – how primary and contingent beneficiaries work.
Per stirpes – designating how funds will flow down the family lineage if the beneficiary is deceased.
Per capita – designating funds to go across to other beneficiaries if any of them is deceased.

Tweetable Quotes:

“The more beneficiary designations you can have added to your accounts, the simpler the estate process is going to be when that terrible time comes.”- Murs Tariq
“Per stirpes is a specific beneficiary designation that you can put on your investment accounts that designates that funds will flow down that specific family tree.”- Nick Hymanson

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this Episode of the Secure Your Retirement Podcast, Radon, Murs, and Taylor discuss how to prepare to file for the 2023 taxes. The first things you should be looking at include your different sources of income and tax forms connected to that income.

Listen in to learn the importance of working with a professional tax preparer to avoid misreporting different income taxes. You will also learn why you should report your Qualified Charitable Distributions and Roth conversions to your tax preparer to avoid overpaying taxes or paying penalties.

In this episode, find out:

Things to think about your taxes to avoid last-minute rush come April 15th.
The difference between the two types of 1099 forms you should know to avoid confusion.
The importance of working with a professional tax preparer to avoid misreporting rental income taxes.
When it’s worth and not worth it to itemize your expenses for your tax preparer.
The importance of reporting your Qualified Charitable Distributions to reap tax benefits.
Why you should report your Roth conversions to your tax preparer to avoid paying penalties.
Understanding how your Roth IRA contributions impact your tax returns.
Ensure your tax preparer has your correct date of birth on file if you turn sixty-five to avoid overpaying taxes.

Tweetable Quotes:

"Consider all your diverse revenue streams and locate the corresponding tax form as your initial step."- Taylor Wolverton
“You want to send as much documentation as you can get for both income and expenses associated with your rental property to your tax preparer this year.”- Taylor Wolverton

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this Episode of the Secure Your Retirement Podcast, Radon and Murs have Joseph O'Donnell, a cybersecurity safety expert, talk about cybersecurity safety in retirement. Joe explains the nature of phishing emails and texts, how they’re used to trap you into giving out personal information, and the two powerful ways to avoid falling victim to phishing emails.

Listen in to learn the importance of staying informed and taking precautions when using the internet instead of avoiding it. You will also learn the importance of having strong passwords, changing passwords when you suspect maliciousness, setting up two-factor authentication, and more.

In this episode, find out:

How phishing emails are used to trap you into giving out access to personal and/or financial information.
Why you should step back from a suspicious email and verify the source to avoid falling victim to a phishing email.
How to be informed and take precautions when using the internet instead of avoiding it altogether.
The importance of having a strong password and changing your password when exposed to cyberattacks.
How two-factor authentication works and the importance of setting it up to avoid cyberattacks.
The importance of having a password manager from a reputable provider that encrypts information.

Tweetable Quotes:

“The way email is today, you just cannot trust an email, so if you get a suspicious email, the number one thing to do is step back away from the email and don’t trust it.”- Joseph O'Donnell
“A password manager is a fantastic way to help you have complex and unique passwords for the accounts that you log into.”- Joseph O'Donnell

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss why you shouldn’t gamble with your retirement. They compare how gambling in Vegas and retirement investing co-relates and why having an expert help you with your retirement strategy is important.

Listen in to learn about the risk and reward concept in retirement investing and how your age and life experiences will impact it. You will also learn how to avoid uncertainty and unpredictability with an investment strategy and the importance of a good long-term strategy and a diversified investment portfolio.

In this episode, find out:

The risk and reward concept in retirement investing and how it changes as we age and through life experiences.
How to avoid uncertainty and unpredictability with your retirement investment strategy.
Instant gratification vs. having a good long-term strategy when investing for retirement.
How having a diversified investment portfolio with a good risk management team allows you to avoid making emotional decisions.
Understanding the psychological aspect of making/investing money to make better outcomes.
The importance of having an experienced expert to help you with your retirement strategy.

Tweetable Quotes:

“We’re helping clients layout and understand the rules of retirement, so their money lasts as long as they do.”- Radon Stancil

“Having a longer-term sound strategy rather than trying to chase a return every single day or year over year makes a lot of sense.”- Murs Tariq

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss the 529 plan as a tax-free investment vehicle and the new ruling around it. A 529 plan is a tax-free compound interest account funded for qualified educational expenses.

Listen in to learn about the stipulations around the new ruling enabling rolling unused 529 money into a Roth IRA for the beneficiary you set it up for. You will also learn the importance of opening and funding a 529 account without going crazy with the money and teaching your kids/grandkids how to open a Roth IRA account as early as they can.

In this episode, find out:

● The power of the 529 plan as a tax-free compound interest account for qualified educational expenses.

● The new ruling enables rolling unused 529 money into a Roth IRA for the beneficiary you set it up for.

● The 15-year hoarding period of the 529 account before rolling it into a Roth IRA.

● Why the 529 rollover is limited to the annual Roth IRA limit and a lifetime limit.

● The 529 beneficiary must also be the owner of the Roth IRA and cannot be transferred to a different beneficiary.

● The earned income amount rule for the 529 beneficiary to be able to roll over the annual Roth IRA limit.

● Why you should open and fund a 529 account and teach your kids/grandkids how to open a Roth account.

Tweetable Quotes:

● “With a 529, the rule is, all growth is tax-free provided it is used for qualified educational expenses.”- Murs Tariq

● “There’s an ability to roll unused 529 money into a Roth IRA for the beneficiary that you set it up for.”- Murs Tariq

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this Episode of the Secure Your Retirement Podcast, Radon and Murs have our in-house Medicare specialist, Shawn Southard, discuss the Medicare Advantage open enrollment. With an education background and a servant's heart, Shawn is passionate about helping people find the right Medicare plans.

Listen in to learn about the benefits of a Medicare Advantage plan and the reasons for the Medicare Advantage open enrollment period. You will also learn why someone would choose to go with a Medicare Advantage plan over the original Medicare plan, plus the strategic downsides of the former.

In this episode, find out:

● The couple times you can get into Medicare in a year and the open enrollment available for Medicare Advantage holders.

● Medicare Advantage plan – all the same benefits offered by original Medicare plus a few extra things.

● The reasons why people do a Medicare Advantage plan as opposed to the original Medicare plan.

● The strategic downsides of going with a Medicare Advantage plan, which includes their network plans.

● Why a Medicare Advantage holder would want to change from one plan to another within the plan.

Tweetable Quotes:

● “Medicare Advantage or Part C is just another way people can get their health coverage during their Medicare journey.” - Shawn Southard

● “If you’re a Medicare Advantage holder, you can use the time from January 1st to March 31st to find another Medicare Advantage plan that your doctor is in a network.”- Shawn Southard

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss what you should get for the fee you’re paying a financial advisor. When looking for a financial advisor, it’s important to ask yourself what you’re getting versus their fee.

Listen in to learn about the three major types of financial advisors and what each offers you. You will also learn about categories of our Wealth Integrated Management System: specialized investment strategy, a retirement-focused financial plan, tax strategy, estate planning, and other ever-evolving elements to cater to our clients' needs.

In this episode, find out:

Understand that there’s no better fee than another; it’s all about what you want from a relationship.
The hourly rate advisor – offers a transactional type of relationship where you get to implement their recommendations.
An asset under management advisor – they charge you a percentage of the assets they’re managing for you.
Commission-based advisor in funds in the stock market and outside the stock market.
Understand that with asset management, the lower the fee, the further it will be hands-off.
The Wealth Integrated Management System – the four major categories and other ever-evolving elements.

Tweetable Quotes:

“What we’re not saying is, this fee is better than that fee because it all comes down to what you want out of the relationship.”- Radon Stancil
“There are a few different types of advisors out there, and it’s up to you to do some research and vetting and understand what it is that you’re truly looking for.”- Murs Tariq
“This wealth integrated management system is continuously evolving to take care of needs that are presented to us.”- Murs Tariq

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this Episode of the Secure Your Retirement Podcast, Radon and Murs highlight some different episodes throughout 2023. These episodes’ topics are significant resources for retirement planning and would greatly help if you went back and listened.

Listen in to learn the different episodes with information about what you need in retirement, including a power of attorney, estate planning, retirement income strategies, and more. You will also learn about the episodes on long-term care planning options, plus the basics of continuing care retirement community (CCRC).

In this episode, find out:

Episode 193 – the elements we discuss to help you navigate the decision to retire now or work longer.
Episode 197 – understanding the power of attorney and why you need it in retirement.
Episode 201 – an interview with our partner on things to think about when it comes to a trust.
Episode 204 – an interview with a consultant about social security spousal benefits in retirement.
Episode 208 – maximizing tax benefits by bunching charitable contributions strategy.
Episode 217 – how to create an income in retirement by restructuring assets and buckets strategies.
Episode 219 – things to consider when choosing to do CDs or annuities.
Episode 224 – understanding long-term care planning options in retirement.
Episode 223 – protecting against cybersecurity threats and why the episode is super important.
Episode 226 – we walk you through our integrated wealth experience in retirement strategies.
Episode 231 – an interview with our in-house taxation expert on how social security taxation works.
Episode 234 – an interview with an IRA expert to help you understand the Roth IRA: 5-year rule.
Episodes 236 & 238 – an interview about continuing care retirement community (CCRC) basics.
Episode 235 – the art of a Risk-adjusted Portfolio in Retirement with four major elements.
Episode 239 – an interview with our partner around simplified estate planning in retirement.

Tweetable Quotes:

“If you’re concerned about long-term care and don’t know what to do and which direction to go in, episode 224 could be a good starting point for you.”- Murs Tariq
“If you’re taking social security and just want to understand how it works or you’re trying to plan for when you take social security, episode 231 is a great episode to go back and listen through.”- Radon Stancil

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss the important tax numbers for 2024. Tax rate numbers for 2024 are out, and it’s important to understand them to make the necessary adjustments and know how your income will be affected.

Listen in to learn how the progressive tax system works and the importance of understanding your marginal and average tax rates. You will also learn about the 2026 tax rates sunset, long-term capital gains tax rates, standard deductions, and much more.

In this episode, find out:

The tax rates for 2024 and the ranges for both single and married filing jointly.
How the progressive tax system works and the importance of understanding your marginal and average tax rates.
Understanding long-term capital gains and why it’s taxed differently from your income.
The 2026 tax rates sunset – a tax law that will expire unless we have some significant political changes.
It is understanding standard deductions and some additional deductions for both single and married filing jointly.
Understanding the Social Security tax for 2024 and things to keep in mind about social security tax.
Medicare premium part B and IRMAA and how you can be affected by additional surcharges.
How the 401k, traditional IRAs, and Roth IRAs contribution numbers have changed for 2024.
The Health Savings Account (HSA) tax numbers from an individual plan perspective and family plan for 2024.

Tweetable Quotes:

“In general, your social security can be zero percent taxable, fifty percent taxable, or up to eighty-five percent taxable.”- Murs Tariq
“If you make more than one hundred and sixty-one thousand as a single person or more than two hundred and forty thousand married filing jointly, you cannot put money into a Roth account.”- Radon Stancil

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss the retirement issues to consider as we approach the end of the year. As the year ends and another begins, it’s important to have a checklist to ensure you have things closed out for 2023 and things set up for 2024.

Listen in to learn about tax planning strategies to look at, such as threshold tax brackets, qualified charitable distributions, donor-advised funds, and more. You will also learn the benefits of having a Health Savings Account (HSA) and contributing to 529 accounts at the end of the year.

In this episode, find out:

Assets and debt issues
Required minimum distributions.
Tax planning
Threshold tax bracket –Why look at your threshold to manage it?
The qualified charitable distributions tax-free strategy
Why you should Bunch contributions/donor-advised funds.
Did you or will you be receiving windfall type of money?
Marital status changes – understand where you are going and the advantages and opportunities to take.
Health Savings Account (HSA) – the tax benefits
Check if you maxed your 401k and contribute to a Roth account if eligible for future tax benefits.
How to contribute to a 529 account using your annual gift exclusion amount.
Insurance – if you have met your deductible
Estate planning – review your beneficiary destinations to make things easier if anything occurs.

Tweetable Quotes:

“You want to plan ahead if you’re going to turn sixty-five in a couple of years because whatever you make now affects your Medicare surcharges in the future.”- Radon Stancil
“If you’re looking to contribute to a 529 account, just realize that you can use some of those annual rules to get money in there for your kids or grandkids.”- Murs Tariq

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this Episode of the Secure Your Retirement Podcast, Radon and Murs have Anne Rhodes discuss how the wealth.com platform simplifies estate planning. Anne is the Chief Legal Officer at wealth.com with a mission to make estate planning and cross-generational wealth transfer affordable and accessible to more Americans.

She describes the two buckets where the core documents every American must have fall and their importance in estate planning.

Listen in to learn about the importance of documents like the HIPAA form, certification of trust, and why you should consider a trust versus a will. You will also learn how wealth.com is set up to reduce estate planning friction and simplify estate planning for financial advisors and their clients.

In this episode, find out:

The core documents every American needs to have in case of death or incapacitation and their importance.
The HIPAA form – What does it allow you to do?
The certification of trust – accompanies a living trust as a cover sheet, so you don’t have to reveal your trust’s private information.
Reasons to consider having a trust versus a will, like privacy and reducing the cost and time of probate.
Anne explains the process from signing the documents to making them legal.

Tweetable Quotes:

“The HIPAA release form is important to accompany the advanced healthcare directive.”- Anne Rhodes
“We really want to give financial advisors and their clients a tool that they can trust to go deeply into this estate planning world.”- Anne Rhodes

Get in Touch with Anne:

LinkedIn: https://www.linkedin.com/in/annexrhodes/

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this Episode of the Secure Your Retirement Podcast, Radon and Murs have Rae Dawson discuss the basics of CCRC around cost, the waitlist, deciding a CCRC and the right age to move to a CCRC. Rae is a CCRC expert and spent her original career primarily managing people and projects in high-tech in Silicon Valley for many years before gaining an interest in CCRC.

She explains why CCRC cost is determined by the type of contract and the location of the community and things to consider when considering the cost of a CCRC.

Listen in to learn the importance of being flexible in your requirements to avoid a long waitlist that can go up to 4-15 years. You will also learn about the typical age of a CCRC entry and the advantages of joining a CCRC earlier.

In this episode, find out:

Things to consider when thinking about the cost of a CCRC as per the contract in the Triangle area.
The meaning of buy-in and monthly fees for a traditional CCRC for single or double occupancy.
CCRC’s rule of thumb - know whether you qualify for a CCRC and should pursue that dream.
Why you should consider placing your name on a waitlist at multiple communities to have options.
The advantages of joining a CCRC earlier on when you’re healthy and not very old.
Things to think about when you decide to live in a CCRC to choose the suitable community for yourself.

Tweetable Quotes:

“You should have in assets three times the CCRC entrance fees, and your monthly income should be two times the monthly fee.”- Rae Dawson
“You might be able to enter a community more quickly if you’re flexible in your requirements.”- Rae Dawson
“People that live in CCRCs tend to live longer than the average American, and so it’s not unusual to find people in their late 90s to 100s living in the community.”- Rae Dawson

Get in Touch with Rae:

Email: rae01dawson@gmail.com

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this Episode of the Secure Your Retirement Podcast, Radon and Murs speak with Andrew Opdyke about a 2023 end-year economic update and the expected shift in the economy in 2024. Andrew is a Certified Financial Advisor and Economist at First Trust Advisor.

Listen in to learn about the impact of the concentration of investments in the top ten companies and when the market broadening will happen. You will also learn about things to consider when expanding your investment portfolio in 2024, like profitability, appropriate pricing, and portfolio evaluation.

In this episode, find out:

The expected rate cuts in 2024 in the market after the end of rate hikes this last quarter.
The concentration of investments in the top ten companies and when the market broadening will happen.
Why early 2024 will be when we can correctly vet the health of the US economy without outside factors.
Things to consider to expand your investment portfolio in 2024 and avoid making costly mistakes.
The geo-political shift happening in the world right now and how it will impact the economy.
Why there are no clear AI winners in the future as it continues to grow.
The end-of-year concerns – how geo-political issues could impact our economy if things shift in the wrong direction.
The end-of-year excitement – the progress of AI and the unleashing of human potential happening right now.

Tweetable Quotes:

“There are things you’re never going to predict, but we can build portfolios to try to deal with the unknowns.”- Andrew Opdyke
“New technologies take longer to make an impact than we anticipate in the short-term, but they do more than we anticipate over the long-term.”- Andrew Opdyke

Get in Touch with Andrew:

LinkedIn: https://www.linkedin.com/in/andrewopdyke/

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this Episode of the Secure Your Retirement Podcast, Radon and Murs have Rae Dawson to discuss the basics of Continuous Care Retirement Communities (CCRC). Rae is a CCRC expert and spent her original career primarily managing people and projects in high-tech in Silicon Valley for many years before gaining an interest in CCRC.

She explains what it means for a facility/community to be a CCRC and why most assisted care facilities are not CCRCs.

Listen in to learn more about CCRC regulations in North Carolina, the importance of having a plan before moving into a CCRC, the types of CCRC financial rating sources, and the five different CCRC contract models in NC. You will also learn about the factors determining how long it might take to get into a CCRC and why it’s not too soon for you to think about getting into a CCRC when in your 50s.

In this episode, find out:

Rae’s background career in high-tech and Continuous Care Retirement Communities (CCRC).
What it means for a community to be a CCRC and why most assisted care facilities are not CCRCs.
The importance of having a plan if you decide to age in place or move to a CCRC.
The CCRC regulations in North Carolina, plus how to use the Department of Insurance website.
Why it’s not too soon for you to think about getting into a CCRC when you’re in your 50s.
The types of CCRC financial rating sources, what they offer, and what to consider when selecting a CCRC.
Understanding the five different types of CCRC contract models offered in North Carolina.
Factors that determine the type of CCRC contract model you should consider.

Tweetable Quotes:

“To be a CCRC, a community has to offer multiple levels of care, which are independent living, assisted living, skilled nursing, and they will typically also offer memory care.”- Rae Dawson
“If you cannot find a facility/community on the Department of Insurance website, it’s not a CCRC.”- Rae Dawson

Get in Touch with Rae:

Email: rae01dawson@gmail.com

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss the art of building a risk-adjusted portfolio. When building a risk-adjusted portfolio, it’s important to identify your personal risk preference and choose the best model to structure your investment portfolio.

Listen in to learn the key differences between passive and active investment styles and the benefits of each in helping you reach your goals. You will also learn about the tactical and core investment strategies and how they considerably cut risk.

In this episode, find out:

The two styles of investing – the key differences between the goals of passive and active investing.
Understanding the tactical and core investment strategies and how they considerably cut risk.
The elements of the moderate growth portfolio and how they reduce the effects of market volatility.
The importance of having a conversation around risk with your financial advisor to identify where to be with risk exposure.

Tweetable Quotes:

“Every strategy (passive and active investing) will have its years that it wins and every strategy will have its years that it loses against the other.”- Radon Stancil
“The tactical is there to start reducing risk when we have heightened periods of volatility or deterioration in the market.”- Murs Tariq

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this Episode of the Secure Your Retirement Podcast, Radon and Murs have Denise Appleby to discuss the Roth IRA 5-year rule in more detail. Denise is the CEO of Appleby Retirement Consulting Inc., a firm that provides IRA tools and resources for financial and tax professionals.

She explains the nuances around two separate Roth IRA 5-year rules and what you need to take distributions from a Roth IRA if you’re aged 59 and a half or below. Listen in to learn the importance of starting your Roth IRA 5-year clock earlier and protecting your records to avoid paying taxes you don’t owe.

In this episode, find out:

Denise explains the nuances around two separate 5-year rules and what they mean.
Understanding what you need to take distributions from a Roth IRA if you’re 59 and a half.
The importance of proper record keeping and protection to avoid paying taxes you don’t owe.
Why you don’t need to keep tracking the 5-year rule if you’re aged 59 and a half and have had a Roth IRA for at least five years.
Why it needs to be a Roth IRA to start your 5-year clock instead of a Roth 401k.
The questions beneficiaries need to ask about Roth IRA when dealing with an inherited account.

Tweetable Quotes:

“The first 5-year rule is used to determine if a Roth IRA distribution is qualified, and for that 5-year rule, it starts January 1 of the first year for which you fund your Roth IRA, and it never starts over.”- Denise Appleby
“As taxpayers, we have to be responsible for protecting ourselves as is allowed under the tax code, or we’re going to pay taxes we don’t owe because we don’t know we don’t owe.”- Denise Appleby

Get in Touch with Denise:

LinkedIn: https://www.linkedin.com/in/deniseappleby/

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss the 5-year rule around Roth IRAs and what conversions look like. A Roth IRA is a powerful tax-free investment tool, especially as a long-term investment growth vehicle.

Listen in to learn the difference between Roth IRAs’ contributions and conversions and how the 5-year rule applies to each. You will also learn about the five advantages of a Roth IRA: tax-free growth, not subject to RMDs, tax diversification, estate planning benefits, and hedge against future tax increases.

In this episode, find out:

Understanding the 5-year rule on a Roth IRA’s contribution interest to be tax-free.
The difference between a Roth IRA contribution and conversion.
Understanding Roth IRA conversions and how the 5-year rule applies to it.
How to start your Roth IRA clock by opening an account immediately, even as a high-income earner.
A scenario to help you understand the power of Roth IRA conversions as a long-time growth vehicle.
The advantages and disadvantages of a Roth IRA and the importance of knowing them.

Tweetable Quotes:

“If you’re along the line of thinking that taxes in the future are going to be higher than they’re today, a Roth IRA is an extremely powerful tool.”- Radon Stancil
“When it comes to developing a withdrawal strategy with a sizable tax-free asset like a Roth IRA, we can blend things to optimize our tax brackets as we go through retirement.”- Murs Tariq

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss the best time to take Required Minimum Distributions. Having a retirement plan and your personal preference will help you determine whether to take RMDs monthly, quarterly, or annually.

Listen in to learn the advantages and disadvantages of taking required minimum distributions monthly, quarterly, or annually. You will also learn how the three-bucket strategy income safety and growth buckets can work together to your advantage.

In this episode, find out:

Required Minimum Distributions – the amount you’re required to take out of your tax-deferred accounts.
The importance of understanding when you have to start taking your RMDs to develop a withdrawal strategy earlier.
Understanding how to utilize Roth IRAs as a tax-free bucket for retirement planning.
The categories of investment accounts are subject to required minimum distributions and when to take them.
The potential advantages and disadvantages of taking required minimum distributions monthly.
The three-bucket strategy – how the income safety and growth buckets work together to your advantage.
The potential advantages and disadvantages of taking required minimum distributions quarterly.
The potential advantages and disadvantages of taking required minimum distributions annually.
Questions to ask to determine your personal preference of taking RMDs monthly, quarterly, or annually.

Tweetable Quotes:

“Understanding when you have to start taking those required minimum distributions is going to be key to developing a plan and a strategy around them.”- Murs Tariq
“Required Minimum Distributions (RMDs) are based out of the totality of your IRAs, but you do not have to take it out of each account.”- Radon Stancil

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this Episode of the Secure Your Retirement Podcast, Radon, Murs, and Taylor discuss how social security taxation works for both single and married filing jointly. Other sources of income you have coming in determine the amount of your social security that will be taxed.

Listen in to learn the importance of understanding your sources of income, social security benefits, and how they’ll be taxed, and have a long-term perspective. You will also learn why some people with low income in other areas can have their social security untaxed.

In this episode, find out:

● How a single person needs to think about social security and their other sources of income.

● Understanding the other sources of income that determine your social security taxability.

● A scenario on how married filing jointly social security is taxed as determined by income.

● Why some people with low income in other areas can have their social security untaxed.

● How your social security tax ranges differs when filing as a single person.

● How states differ from the federal government when it comes to social security taxation.

● The importance of understanding your sources of income and social security benefits taxation.

● The benefits of working with a financial advisor to help you take a long-term perspective.

● Taylor explains where to find your social security item on your tax returns.

Tweetable Quotes:

● “The amount of your social security that is reported on your tax return as taxable depends on what your other sources of income are; the more income you have from other sources, the more of your social security is going to be taxable.”- Taylor Wolverton

● “Every state taxes social security a little bit differently; some may follow same rules as federal taxation while some states don’t tax social security at all.”- Taylor Wolverton

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss things to be aware of about qualified charitable distributions (QCDs) and donor-advised funds. The QCDs and donor-advised funds are great tax benefits strategies, but they make sense in your retirement planning journey in two different scenarios.

Listen in to learn about QCDs, the tax benefits you can take advantage of when donating to charity organizations, and the rules of the strategy. You will also learn more about the donor-advised fund, how to take advantage of itemizing tax returns, and the rules of the strategy.

In this episode, find out:

Qualified Charitable Distributions – a tax savings contribution you can do out of your IRA.
The QCDs tax benefits you can take advantage of when donating to charity organizations.
The rules on when and how to take your QCDs, plus how QCDs can apply to your RMD when done properly.
Donor Advised Funds – stacking your donations together to take advantage of itemizing tax returns.
The rules of a donor-advised fund, how to fund this account, and why it’s flexible.
Understanding where both QCDs and donor-advised funds make sense for you.

Tweetable Quotes:

“The rule with the QCDs is that you’ve got to be seventy and a half in order to do it; with donor-advised funds, you can do it no matter what your age is.”- Radon Stancil
“Once you make a contribution into a donor-advised fund, it’s irrevocable.”- Murs Tariq

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this Episode of the Secure Your Retirement Podcast, Radon speaks with Jenelle Jones about the perks of the RV lifestyle in retirement. Jenelle is the owner of the oldest RV club for anyone traveling on their own, The Wandering Individuals Network. She refers to herself as an RV travel enabler who has been living the RV lifestyle full-time for four years.

Listen in to learn the importance of joining a club as a solo RV traveler to have friends and avoid anxiety and loneliness. You will also learn about the positives of the RV lifestyle and how to overcome the inevitable challenges.

In this episode, find out:

The importance of joining a club as an RV traveler to have friends and avoid anxiety and loneliness.
How to have a positive mindset to learn and make the RV life easier.
Jenelle explains some of the challenges she faces as an RV traveler and how she gets past them.
The most important items every RV traveler needs to thrive in that lifestyle.
She describes the positives of living an RV life and how impactful it has been for her.

Tweetable Quotes:

“Join a club or a group so that you’re traveling with your friends; it’s always better to be in a group for safety and anxiety.”- Jenelle Jones
“An RV lifestyle is a complete lifestyle that’s going to be more fulfilling than anything sitting at home being retired watching TV and gardening for some people.”- Jenelle Jones

Get in Touch with Jenelle:

Website: https://wanderingindividualsnetwork.com/
Facebook: https://facebook.com/groups/winrvsingles/members/

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss Medicare planning for those coming up on Medicare and those already in Medicare. This is a checklist of three main topics to help you understand what you should be thinking about when it comes to Medicare.

Listen in to learn how to evaluate your prescription drug needs and choose the right Medicare plan that caters to those needs. You will also learn about Medicare supplements and Medicare Advantage plans, plus how to join our Free Webinar to learn more about Medicare planning from experts.

In this episode, find out:

Prescription drug plan – understand your prescription needs, if the plan covers your needs and the cadence of your refills.
Comparing different part D plans that would cover your specific prescription drugs at the lowest cost.
Evaluate your pharmacy network – ensure it’s cost-effective and convenient for you.
Cost analysis – Look at your prescription drug cost to determine the type of plan to pick.
The importance of taking the time to review your plan annually and make changes if needed.
Dental, vision, and hearing – Think about the dental, vision, and hearing coverages you need.
Integrative plans – Do an educated analysis between Medicare Advantage plans and Medicare gap policies.
Doing an individual needs assessment – understand your needs and get an individualized cover.
Medicare supplements and Medicare Advantage plans – an outline of what we’ll cover on our free webinar.

Tweetable Quotes:

“There’s one part of Medicare that covers hospitals, one part that covers doctor’s visits, and then there’s a part D which is all about prescriptions.”- Radon Stancil
“Just because your neighbor, parents, or a family has a certain type of plan doesn’t mean that that’s going to apply to you; Medicare and healthcare in general is very individualized for a reason.”- Murs Tariq

Register For Our Free Medicare Webinar:

info@pomwealth.net with the subject line Medicare Webinar

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss the difference between an enrolled agent (EA) and a certified public accountant (CPA) in retirement planning. The CPA and EA deal with tax at a certain level but differ in their education, scope of work, geographical limitations, and ethical standards.

Listen in to learn how we utilize an EA to do tax strategy beyond just tax filing as part of retirement planning. You will also learn why we consider the current financial situation, retirement plan, tax deductions, tax loss harvesting, changes in tax law, timing, and family life changes in a client’s formal tax strategy meeting.

In this episode, find out:

The key educational and certification differences between an EA and a CPA.
Scope of work – the wide range of duties of a CPA as opposed to an EA’s taxation-only focus.
Understanding the continuing education both a CPA and EA have to do to maintain their status.
Geographical limitations – a CPA is state-specific, while an EA is federally licensed.
The specific ethical standards both a CPA and an EA must adhere to.
A formal tax strategy – looking at your current financial situation, retirement plan, tax deductions, tax loss harvesting, changes in tax law, timing, and family life changes.

Tweetable Quotes:

“It’s powerful to understand the intricacies of doing good tax planning ahead of time, not just tax filing.”- Radon Stancil

“A CPA is going to be required and held to a certain standard how much continuing education they have to do; an EA is required to complete 72 hours of continuing education to maintain their status.”- Murs Tariq

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss the elements of their integrated wealth management experience approach. An integrated wealth management experience offers a similar approach to a family office but for multiple people. A family office is a scenario where you have enough assets that you need a whole team to help you manage those assets.

Listen in to learn more about the elements of an integrated wealth management experience: a retirement financial plan, specific-to-the-client investment process, and tax planning. You will also learn how we’re involved in every step of the wealth management process, in-house or with a partner.

In this episode, find out:

A family office – having enough assets you need a whole team to help manage those assets.
How we created an integrated wealth management experience that looks like a family office.
The three elements of our in-house and partnered integrated wealth management experience.
The importance of estate planning as part of the integrated wealth management experience.
How we work with an expert to simplify and plan the social security side of things.
How we analyze a client’s situation and help plan for health insurance ourselves or with partners.
How we make the financial plan and wealth management process easier for the client by being involved.

Tweetable Quotes:

“The reason why estate planning is so important as part of the integrated wealth management experience is because if we don’t have things in place, it can make it very difficult for whoever we leave behind.”- Radon Stancil
“Social security can be simple and complex at the same time, and that’s why we have a social security consultant on retainer with us that we tap into for her knowledge.”- Murs Tariq

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss five financial planning things to do annually. It is preferable to do these things in or closer to the last quarter of the year, which allows you time to correct whatever needs correcting.

Listen in to learn about things to consider when doing tax strategy and planning before the end of the year to enable changes. You will also learn the importance of having a Medicare and healthcare planning, year-end investment review, estate planning update, and reviewing your RMDs.

In this episode, find out:

Tax planning – things to consider when doing tax strategy and planning before the end of the year.
Required Minimum Distributions – understand what RMDs are and make sure it’s taken care of.
Medicare and healthcare planning – review your options and benefits and make changes if needed.
Year-end investment review – look at how your investments are set to be aware of any risks and potential changes.
Estate planning update – to ensure everything is done properly and update any changes.

Tweetable Quotes:

“It’s a good exercise always to be looking at your investment portfolio; it’s set up to keep you aware of what’s going on and whether there are changes that need to be made.”- Murs Tariq
“Keep in mind that an estate planning update is a good thing to go through and see if everything is done properly and then do an update.”- Radon Stancil

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this Episode of the Secure Your Retirement Podcast, Radon and Murs speak with Jessica Iverson about long-term care options to consider as part of the retirement plan. Jessica is a long-term care expert in long-term care planning and wealth management.

Listen in to learn how long-term insurance has evolved from standalone to asset-based long-term care insurance policies and the benefits of these changes. You will also learn about the right age to start planning for long-term care and the average cost of different long-term options.

In this episode, find out:

How long-term insurance has evolved from standalone to asset-based long-term care insurance policies.
The right age to start planning for long-term care plus the benefits of an asset-based life insurance policy.
The average cost of long-term care for assisted living, private room nursing home, and home healthcare.
The different types of asset-based long-term care and how they work.
The difference between asset-based life insurance and life insurance policy within chronic illness riders.
The underwriting process for both long-term care focused products and life insurance policies.
Understanding how qualified assets are structured to fund the idea of long-term care.

Tweetable Quotes:

“Asset-based long-term care is long-term care focused insurance that’s built on an asset which can either be a life insurance policy or an annuity.”- Jessica Iverson
“It is really the morbidity that the long-term care focused products are looking for in clients.”- Jessica Iverson

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss fourteen common practices to help you protect yourself against cyber security threats. The purpose of this isn’t to scare you but to empower you to be on the internet safely.

Listen in to learn the importance of having strong and complex passwords for your home and office networks and avoid using one password for multiple sites. You will also learn the importance of being mindful when opening emails, using public Wi-Fi, sending sensitive data, and more to avoid cyber-attacks.

In this episode, find out:

Use unique and strong passwords and avoid using one password for multiple sites.
Enable two-factor authentication – this adds a layer of security that’s strong.
Keep software and devices updated to have the freshest security measures in place.
Beware of phishing attacks – look at every email with a mindset of caution.
Secure your home network by setting up stronger passwords and different encryptions.
Be mindful of public Wi-Fi that doesn’t require a password to log in to avoid hacking.
Back up important data regularly for easier retrieval if data is lost.
Educate yourself – read, listen, and watch to stay alert on ways to protect yourself against threats.
Secure social media accounts – adjust privacy settings and be careful of those watching you.
Encrypt sensitive data – use secure ways or avoid sending sensitive data via email.
Secure mobile devices in case they were to get into the wrong hands.
Limit access to personal information – be careful what you share unless you know who you’re sharing it with.
Use secure browsing practices – beware of fake website phishing for data.
Regularly review account activity – don’t go for six months without looking at your account activity.

Tweetable Quotes:

“The more diversified you could be in your passwords, the more protected you will be.”- Murs Tariq

“You need to be very careful before your open an attachment or click on a link; look at every email with a mindset of caution.”- Radon Stancil

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss the 2023 Medicare Part B and D IRMMA surcharges. They explain the modified adjusted gross income and the 2023 surcharges if you earn more than $97k single or $194k married filing jointly.

Listen in to learn about the income-dropping circumstances the IRS considers when exempting anyone from the Medicare IRMMA surcharges. You will also learn you should be aware of your numbers when implementing any type of strategy.

In this episode, find out:

The modified adjusted gross income – the baseline that allows you not to have Medicare surcharges.
Income-dropping circumstances the IRS considers when exempting anyone from the Medicare IRMMA surcharges.
Always ask if you qualify for a Medicare IRMMA surcharges exception and file form SSA44.

As an EXAMPLE:

The surcharges for 2023 if you earn more than $97k single or $194k married filing jointly.
The unfortunate scenarios where the SSA44 doesn’t work.
Why you should be aware of your numbers when implementing any type of strategy.

Tweetable Quotes:

“The IRS does recognize that there are some nuances and special circumstances “life-changing events” that significantly reduce your income.”- Murs Tariq
“If you did have something that occurred and you did a large Roth conversion that put you in a higher bracket for Medicare Premium, it’s one year, so don’t think you’ve put yourself in this position for the rest of your life.”- Radon Stancil

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this Episode of the Secure Your Retirement Podcast, Radon and Murs speak with Andrew Opdyke about a 2023 mid-year economic update and the future. Andrew is a Certified Financial Advisor and Economist at First Trust Advisor.

Listen in to learn the expected and unexpected turn of events in the economy today and why inflation might not allow for rate cuts this year. You will also learn about the things in manufacturing investment and geopolitics that are taking place today and how they’ll change the American and global markets.

In this episode, find out:

The expected and unexpected turn of events in the economy for the year's first half.
Why the inflation stickiness might not allow for rate cuts for the remainder of the year.
Understanding where the rest of the world is standing in terms of inflation and rates.
The possibility of a recession or prolonged inflation due to a slowdown in demand and spending capacity.
The importance of broadening out the market to see a sustainable market that can last years.
The geopolitical shift happening in the world right now and how it will impact things.
Second half of the year concerns – market pullback due to AI, commercial real estate, geo-political issues, and quantitative tightening.
Second half of the year potentials – manufacturing investment that will unlock incredible things in the future.
The direction the market needs to move to increase earnings on overpriced things like AI.

Tweetable Quotes:

“Geo-politically the world could look very different in five to ten years.”- Andrew Opdyke
“Something that we should be observing as we progress through the second half of 2023, there are signs that growth could and should flow as we move towards December.”- Andrew Opdyke
“There are incredible things taking place today that are building for what could be a very strong foundation as we emerge from the feds' job being done.”- Andrew Opdyke

Get in Touch with Andrew:

LinkedIn: https://www.linkedin.com/in/andrewopdyke/

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this Episode of the Secure Your Retirement Podcast, Radon and Murs speak with Jon Ostenson about the benefits of starting a franchise as part of your retirement plan. Jon is a Certified Franchise Consultant, owner/investor, author, and international speaker specializing in non-food franchising. He discusses the misunderstandings and lack of knowledge he found around franchise opportunities outside of the fast-food industry.

Listen in to learn why franchising is a proven profitability pathway compared to starting a business, plus the financials around franchising cost and revenue. You will also learn how to run a franchise successfully, even with a corporate background and zero business experience.

In this episode, find out:

Jon shares his background and how he gained interest in franchising outside of fast food.
The money-making franchise opportunities that exist outside of the fast food industry.
Why franchising is a proven profitability pathway compared to starting a business.
Non-food franchising – businesses where lots of franchise interest lies.
How to run a franchise successfully even with a corporate background and zero business experience.
Jon explains the franchising process and how he matches clients with the best-fitting franchise.
Understanding the financials around franchising costs and the revenue margins.
Think about franchising as a giving-back opportunity where you create jobs and mentor others.

Tweetable Quotes:

“In the market, there’s a lot of misunderstandings and lack of knowledge around the franchise opportunities that exist, especially in industries people are sometimes interested in outside of fast food.”- Jon Ostenson
“Franchise business has been proven in other markets, so you’re able to step into and as long as you execute and follow that playbook, you know there’s a path to profitability.”- Jon Ostenson

Get in Touch with Jon:

LinkedIn: https://www.linkedin.com/in/jonostenson/

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss the similarities and differences between annuities and CDs and the best one for retirement planning. In as much as CDs and fixed index annuities are similar, CDs are best suited for short-term investments, while annuities are best suited for long-term investments.

Listen in to learn about interest rate risk or reinvestment risk associated with CDs and how it affects your investment in the long term. You will also learn about an annuity's higher rate of return potential due to its many index options.

In this episode, find out:

Understanding interest rate risk or reinvestment risk when it comes to CDs.
Why it makes sense to have a short-term investment in a CD instead of a long-term investment.
The similarities and differences between CDs and fixed index annuities.
The higher rate of return potential of an annuity due to its many index options.
How a fixed index annuity works as a compliment to a portfolio full of equities.

Tweetable Quotes:

“CDs are driven off of these interest rates that are higher, and so are the annuities.”- Radon Stancil

“We believe that a fixed index annuity works very well as a compliment to a portfolio full of equities to offset the risk of the market and bring predictability into the overall plan.”- Murs Tariq

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss ten advantages to a Health Savings Account (HSA) and why you need to know them. A Health Savings Account is a valuable medical and long-term retirement planning tool with more than just tax benefits.

Listen in to learn how to let your HSA contributions grow and invest the money over time for future use as an asset. You will also learn the different ways you can control when and how you want to spend your money on different qualified medical expenses.

In this episode, find out:

HAS’s tax advantages – contributions are tax deductible and can be done at your tax filing.
Triple tax savings – understanding three tax benefits you get from HSA.
Lower healthcare cost – the advantage of a high deductible plan with an HSA.
Affordable and long-term savings – how your HSA contributions can accumulate and grow for future use.
Investment opportunities – how some HSA accounts allow investment in the money markets.
A retirement savings plan with the ability to grow a bucket for future medical expenses.
Flexibility and control – ways you can control when and how you want to spend your money on different qualified medical expenses.
Pretax contributions to payroll deductions – this makes savings easier and smooth.
There’s no use it or lose it rule – HSA is similar to IRA, where you don’t lose money if you don’t use it.
Retirement savings vehicle – let your HSA bucket grow and invest over time to use it as an asset.
Control over your healthcare decisions – you get to make choices on what and how you spend on medical expenses.

Tweetable Quotes:

“If you’re someone who doesn’t go to the doctor often or is relatively healthy, a high deductible plan with an HSA could make a lot of sense because you lower your premiums and cost of actual medical insurance.” - Murs Tariq
“There’s a wide range of what you can use your HSA money for when it comes to medical expenses.”- Radon Stancil

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this Episode of the Secure Your Retirement Podcast, Murs discusses how to approach a retirement withdrawal strategy when you have enough to retire early. He explains the importance of having a financial professional to help you with the withdrawal strategy to avoid the stress of the deaccumulation phase.

Listen in to learn the importance of starting a withdrawal strategy in the first few years of retirement to avoid a sequence of return risks. You will also learn about all the things you should be thinking about if you want to retire early or at any age to keep your life fun and exciting in retirement.

In this episode, find out:

The stress that comes with the deaccumulation phase after the accumulation phase all our lives.
The four percent rule, what it says about retirement planning, and why we don’t agree with it in 2023.
The importance of speaking with a financial advisor to help you with the withdrawal strategy and all its pieces.
The sequence of return risk and the importance of starting a withdrawal strategy in the first few years of retirement.
Consider strategies to help you tap into your 401k if you’re retiring early.
Think through how much you need and want to keep your life fun and exciting in retirement.
Consider any income, health insurance, and where to withdraw from to make your withdrawal strategy successful.
The simplistic view of how we approach the bucket system and a withdrawal strategy.

Tweetable Quote:

“The four percent rule says if you withdraw four percent of your assets on an annual basis, then you should be able to maintain your assets, and you should have a higher probability of success for retirement planning.” - Murs Tariq

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss the different retirement things to consider if your spouse passes away. They explain how to approach cash flow, estate settlement, insurance, tax, and investment and assets issues.

Listen in to learn the importance of knowing how much you’re spending, where that money comes from, and what changes will happen after a spouse’s death. You will also learn the importance of getting an attorney to help you through the probate process if your deceased spouse didn’t have a will executor.

In this episode, find out:

Cashflow – Consider where the money is coming from and whether any changes will occur.
The importance of knowing how much you’re spending, where that money is coming from, and what changes will happen after a spouse’s death.
Estate settlement issues – The question to ask yourself and the correct process to go through with an attorney.
Insurance issues – Check their life insurance, work-related benefits, and other types of insurance.
Tax issues – Things to consider with the home, joint properties, income taxes, and dependent children.
Investment and assets issues – Consider their money accounts, transferability, and other assets.
Other things to consider – Driver’s license, email accounts, and social media accounts to avoid identity theft.

Tweetable Quotes:

“Knowing how much you’re spending, where that money is coming from, and what changes are going to happen due to the death of a spouse is going to help you start thinking through all the different issues.”- Murs Tariq
“You want to reach out to an attorney to help out with a probate issue, especially if there’s a lot of assets that will go through probate.”- Radon Stancil

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this Episode of the Secure Your Retirement Podcast, Radon, Nick, and Taylor discuss the importance of mid-year tax planning. It’s important to look at the previous year’s tax situation because some things, like Roth conversions and qualified charitable distributions, need to be done before the end of the year in order to be reported on your tax returns.

Listen in to learn the importance of coming up with a good tax withholding strategy to avoid tax liabilities and bills during tax season. You will also learn about the tax benefits of donor-advised funds and qualified charitable distributions.

In this episode, find out:

How we look at your last year’s tax situation to better plan your taxes before the end of the year.
The importance of coming up with a good tax withholding strategy to avoid tax liabilities and bills.
How we review your basic information and sources of income on a tax planning software program.
Things you can do to achieve the benefits of itemizing and saving on your taxes.
Nick explains how we set up a donor-advised fund through Charles Schwab.
Understanding who qualifies for qualified charitable distributions (QCDs), plus their tax benefits options.
Understanding all the requirements needed for a mid-year tax planning meeting.

Tweetable Quotes:

“Looking at the previous year’s tax return and having conversations throughout the year really helps us guide the withdrawals and the tax strategy.”- Nick Hymanson
“There’s a benefit of working with a financial planner to make qualified charitable distributions transactions because the custodian does not report them.”- Taylor Wolverton

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss long-term care, how it works, and your options. If you want to know and understand what long-term care may cost you in the future, you must first understand the actual cost of long-term care.

Listen in to learn about assisted living services for long-term care that involve more than a nursing home. You will also learn about long-term care insurance methods/plans, how they work, plus the pros and cons of each.

In this episode, find out:

The importance of knowing and understanding the cost of long-term care and what it may cost you.
Understanding why long-term care itself is more than a nursing home.
The assisted living services that you might require for long-term care and their cost.
How the self-insuring method works, plus the pros and cons of it.
How Medicare benefits long-term care even though it doesn’t provide long-term care insurance.
Understanding how Medicaid provides for long-term care, plus its pros and cons.
How Traditional long-term care insurance works, plus the pros and cons of the plan.
Asset-based long-term care insurance – the beauty of life insurance combined with long-term care insurance.
How long-term care and chronic illness riders are added to life insurance, plus their pros and cons.
How asset-based long-term care through an annuity works, the benefits, and why it’s a good option.
How an asset doubler for your income works and who it’s a good option for.

Tweetable Quotes:

“The thing about coming to terms and understanding long-term care and what it may cost in your plan is thinking about the actual cost of long-term care.”- Murs Tariq
“Medicare does not provide what is called long-term care insurance or custodian care, but it does have some benefits there.”- Radon Stancil
“An asset-based long-term care policy through an annuity is a great option.”- Radon Stancil

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss how Rule 100 applies to retirement planning risk management. The conversation around risk is extremely important for you to have an investment structure you’re comfortable with.

Listen in to learn why investment risk is subjective and should be looked at as an individual. You will also hear us perform an exercise to help you understand our numerically driven system that measures risk comfort.

In this episode, find out:

Understanding why risk is an individual affair, plus why rule 100 may or may not work.
The numerically driven system we use to measure your comfortability with risk.
We go through a thought-provoking exercise to help you understand what risk looks like in numbers.
How we develop an investment plan that will achieve growth without an uncomfortable risk.
The importance of understanding the risk potential rather than words like moderately conservative.

Tweetable Quotes:

“We want you to understand rule 100 and how it’s applied in retirement planning.”- Murs Tariq
“Risk of how much we take in investments is really subjective; it’s one of those things we have to look at as an individual.”- Radon Stancil

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss managing investment risk in volatile markets using the active management strategy. An active management strategy is not superior to the buy-and-hold investment strategy, but it is a great way to reduce risk in volatile markets.

Listen in to learn how we use data/numbers to identify and align with the best asset classes to be invested in. You will also learn why an active asset management strategy allows you to make a decent rate of return, not lose a bunch of money, and have peace of mind in your retirement.

In this episode, find out:

Understanding actively managing – very low to no risk on your investment.
Good risk management – using data to identify and align with the best asset classes to be invested in.
The portfolio adjustments we conduct with an active management strategy.
How we significantly reduce risk by leaving a risk-managed opportunity in the portfolio.
Why monitoring how asset classes move is a good way to structure the portfolio.
The peace of mind you get in your retirement by having an active asset management strategy.

Tweetable Quotes:

“Actively managing means we’re going to transition the portfolio so it’s in a good place as it can be, but it could also mean that we reduce risk.”- Radon Stancil
“There are pros and cons to investing in general; at the end of the day, you want to pick a strategy that’s comfortable to you.” - Murs Tariq

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss the important financial planning milestones that happen at different ages. These are things you should be thinking about and preparing for before getting to retirement.

Listen in to learn about the different financial milestones that happen in the life of a child from birth all the way to retirement. You will also learn when to work on your catch up contributions, the social security eligibility age, when to withdraw all your retirement assets and much more.

In this episode, find out:

● The future-based savings accounts you can set up for a child from birth.

● The key ages where different financial milestones happen all the way to age twenty-six.

● Age fifty milestone – the catchup contributions you can add after age fifty in 2023.

● Age fifty-nine and a half milestone – the age where you can withdraw all your retirement assets without a penalty.

● Things that happen at age sixty-two where you’re eligible for social security at a reduced rate.

● The different things that happen at age sixty-five including eligibility for Medicare.

● Understanding why the full retirement age is key for social security benefits.

● Why there’s no reason not to turn on social security after the age of seventy.

● Age seventy and a half – when you get full deductibility on your QCDs.

Tweetable Quotes:

● “When you’re at age fifty-nine and a half or above, just know that some options when it comes to investing and retirement planning become available to you.”- Murs Tariq

● “Age seventy and a half is key because that’s when you can start taking contributions in your IRA and giving them to a charity.”- Radon Stancil

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss why you need a HIPAA form as part of your overall estate plan package. A HIPAA form is a simple document to put together and is recognized for protecting your personal health information, giving you privacy.

Listen in to learn how your HIPAA Authorization can connect with your living will or health care power of attorney for information to be shared. You will also learn about the medical information that can be released to an authorized person per HIPAA standards.

In this episode, find out:

How the HIPAA Authorization form protects your personal health information and medical history.
How your HIPAA Authorization form can connect with your living will or health care power of attorney.
Why the HIPAA form should be connected to the living will so that the information can be shared.
Have your adult kids sign a HIPAA form to give you permission to access their medical data.
The elements of the health information to be released by HIPAA standards.
The information included when setting up the HIPAA authorization form.

Tweetable Quotes:

“The purpose of a HIPAA Authorization is to protect your medical information from being given to someone without your consent or permission.”- Radon Stancil
“The HIPAA form is there to authorize or give consent for medical professionals to be able to give information about your medical history, and it also gives you the ability to request information.”- Murs Tariq

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss the issues to consider before you retire. Sometimes, you get the luxury of deciding when to retire, and sometimes you don’t, but either way, you always want to be thinking about the elements when it comes to retirement planning.

Listen in to learn the importance of understanding your cash flow needs and budget and building some type of plan for your retirement. You will also learn the importance of budgeting for health insurance if you retire earlier than age 65 and the options to consider for long-term care planning.

In this episode, find out:

● Cash flow – understand your expenses, where money will come from, and build a plan.

● Understand your retirement age and the implications on your payment options.

● The importance of understanding the piece of your retirement your spouse is entitled to.

● Consider budgeting for health insurance in your retirement if you plan to retire before age 65.

● The math and emotion to consider when it comes to mortgage payment.

● Put into alignment some retirement-focused vehicles as you approach retirement.

● Tax planning – things to consider strategically to lower your tax bracket in retirement.

● The options you need to think about when it comes to long-term care planning.

Tweetable Quotes:

● “It’s rare that we’re ever going to take money out of an IRA or 401k to pay the house off because we have to pay taxes.”- Radon Stancil

● “It is scary to think about long-term care, but it is the reality we need to plan for.”- Murs Tariq

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss the “bunching” charitable contributions strategy and how it can help you maximize tax benefits. They explain why bunching contributions strategy for 2-3 years is a powerful tool in helping you take advantage of standard deductions.

Listen in to learn how to bunch your charitable contributions into one year using the donor-advised fund. You will also learn why the donor-advised fund is the most flexible version of giving through the bunching strategy.

In this episode, find out:

The powerful impact bunching charitable contributions has on your tax scenario.
How the donor-advised fund can help you overcome the standard deductions.
Why the donor-advised fund is the most flexible version of giving with a tax benefit.
How the bunching strategy allows you to gain deductibility by 2-3 years.

Tweetable Quotes:

“A donor-advised fund is a very key component of how we get to do the bunching strategy.”- Murs Tariq
“Think of the donor-advised fund as the vehicle that’s going to allow you to be able to group your deductions in one year.”- Murs Tariq

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this Episode of the Secure Your Retirement Podcast, Radon and Murs speak with Andrew Opdyke about an update on the state of the economy of the first quarter of 2023. Andrew discusses the divergence within the economy, the issues with the banks, the recession and market volatility, and much more.

Listen in to learn why you shouldn’t worry about the US debt ceiling and its impact from a market standpoint. You will also learn why inflation might last longer and cause a recession if the federal reserve doesn’t prioritize the inflation fight.

In this episode, find out:

The divergence within the economy – the goods and services sides of the economy are moving in different directions.
The issues with the banks – how banks got hit from holding assets in a high-interest rate environment.
Why the banking issues won’t lead to another financial crisis since it’s largely contained.
Why the US dollar losing its world reserve status might be a passing conversation in the long run.
Understanding the US debt ceiling and why it has a very little real lasting impact from a market standpoint.
Why inflation might last longer if the federal reserve doesn’t prioritize the inflation fight.
Andrew’s optimism on earnings progression, production growth, and service industry progression.

Tweetable Quotes:

“The slowdown we’re seeing economically is not a collapse of activity, is that it’s become more difficult to buy that technology that keeps the output growth continuing.”- Andrew Opdyke
“The debt numbers don’t tell you the full situation; you need to understand both sides of the balance sheet.”- Andrew Opdyke

Get in Touch with Andrew:

LinkedIn: https://www.linkedin.com/in/andrewopdyke/

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss the five different things to consider when it comes to withdrawing your retirement money. To successfully establish an income stream in your retirement, you must be strategic when taking money from the retirement accounts you’ve built over the years.

Listen in to learn how to determine your spending during retirement and which accounts the money will come from. You will also learn the importance of being flexible to make changes to your strategy as things and priorities shift over time.

In this episode, find out:

● Determine your retirement needs – understand how much you’ll need and build a plan.

● Understand the different types of retirement accounts, the rules around them, and how they play out.

● Determine your tax priorities and understand the pros and cons of your decisions.

● Manage investment risks using the bucket strategy (cash in the bank, investment, and safety buckets).

● Be willing to adjust your strategy over time as priorities change, preferably annually.

Tweetable Quotes:

● “You need to understand the rules around traditional IRAs and traditional 401Ks and how that’s going to play out.”- Radon Stancil

● “A retirement-focused financial plan in our eyes is something that is living, breathing, and is going to go through some changes.”- Murs Tariq

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss the importance of reviewing your beneficiary designation annually. Always checking your beneficiaries in all your accounts and updating your beneficiary forms is the only way to avoid putting your loved ones in difficult scenarios.

Listen in to learn the importance of naming contingent beneficiaries after your primary beneficiaries to ensure everything is clear. You will also learn why you need to consider the tax implications of each account, the needs of your beneficiaries, and its impact on your overall estate plan.

In this episode, find out:

● The importance of always updating your beneficiary designations on all your accounts.

● Understand estate law in your state since they vary from state to state.

● Ensure your beneficiary form is appropriately done and has a primary and a contingent beneficiary.

● Review your beneficiary designations annually by reaching out to institutions.

● Consider the tax implications of each account to understand the proper beneficiary.

● Understand the impact on your overall estate plan to avoid disinheriting your beneficiaries.

● Consider the needs of your beneficiaries and the impact of the assets on their lives.

● Be specific when listing all your beneficiaries to avoid creating any confusion.

● Consult with an attorney as a second set of eyes to help you think through scenarios.

● Consider contingencies if you name a primary beneficiary to avoid future confusion.

Tweetable Quotes:

● “A lot of accounts can have beneficiaries associated with them. Take a list of all the accounts that you have and start checking to see.”- Murs Tariq

● “It’s your account, your responsibility to reach out to the institution to make sure they’ve got your beneficiary there.”- Radon Stancil

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this Episode of the Secure Your Retirement Podcast, Radon and Murs speak with Heather Schreiber about social security spousal benefits and how it works. Heather is a retirement income strategist, speaker, writer, and educator of financial, legal, and tax professionals.

Listen in to learn how spousal income works for couples with wide disparities in income benefits. You will get the full picture of how the fifty percent income benefit that the lower wage earner gets from the higher wage earner’s full retirement age benefit works.

In this episode, find out:

How spousal benefit will be impacted if the higher wage earner predeceases the lower wage earner.
Heather explains what happens with married couples with wide disparities in income benefits.
Understanding the meaning of spousal benefit and the value of waiting a little longer to collect.
Why spousal benefit always starts at fifty percent of the higher wage earner's full retirement age benefit.
Understanding who’s entitled to the spousal benefit for people under 70 by January 2024.

Tweetable Quotes:

“Any benefit that you take prior to your full retirement age, whether it’s your own, spousal benefit, ex-spousal benefit, or survivor benefit, does come with a reduction.”- Heather Schreiber
“Social security wants to be paying your own retirement benefits before they pay any benefits under any other records.”- Heather Schreiber

Connect with Heather:

LinkedIn: https://www.linkedin.com/in/heather-schreiber-ricp%C2%AE-nssa%C2%AE-74a09157/

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this Episode of the Secure Your Retirement Podcast, Nick and Taylor return to talk about the retirement plan implementation after the initial process. When you decide to be our client, we ask for all the information needed to open your account with our custodian Charles Schwab.

Listen in to learn what the transfer process of your investments from your current custodian to Charles Schwab looks like. You will also learn about the 45-day meeting, which we set up to answer any of your questions, finalize the important parts of the investment strategy, and talk about estate planning.

In this episode, find out:

Episode #199 - a recap of our retirement planning process.
The personal information we need to create a client’s account with our custodian Charles Schwab.
The transfer process of your investments from another firm to Charles Schwab.
How we can replicate your account from another custodian exactly as it was at Charles Schwab.
How the transfer process of a company plan differs from an IRA to an IRA transfer.
The tax planning process to help you lower your taxable income during your retirement.
How Nick communicates with clients throughout the process to ensure everything is set up.
The 45-day meeting – answering questions, finalizing the investment strategy, and discussing estate planning.

Tweetable Quotes:

“Exactly as it was at the other custodian, it can be replicated right at Charles Schwab.”- Nick
“For many advisors and us, we don’t work for Charles Schwab; we’re not connected to them in any kind of financial relationship or dictated by them; they’re simply a custodian.”- Radon Stancil

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this episode of the Secure Your Retirement podcast, Radon and Murs discuss the question of whether you can retire at age 66, using a specific example from an article in Market Watch. They provide insights and advice on retirement planning and financial management.

If you’re feeling anxious about whether it’s time for you to retire or not, you’re not alone. Retirement planning can be a nerve-wracking and overwhelming decision for many people.

Listen in to learn the importance of considering all the elements involved in retirement planning and seeking professional advice when necessary. You will also learn why you should consider expenses, taxes, and potential long-term care costs in retirement planning.

In this episode, find out:

● The Market Watch article scenario plus why savings isn’t the only determining factor of retiring comfortably.

● The importance of income planning for retirement and how it involves more than just numbers.

● The GPS analogy – the process of building a retirement-focused financial plan.

● Avoid a higher rate of return in financial planning and, instead, use a conservative approach.

● The impact of travel expenses on retirement planning and how to have a realistic budget.

● Consider how taxes can affect your overall retirement plan.

● The importance of considering long-term care insurance.

● Establish a baseline to understand how to plan for a long-term care scenario.

Tweetable Quotes:

● “It’s not all about the numbers; it’s also what you want out of retirement and what retirement is going to look like for you.”- Murs Tariq

● “If you don’t think about the taxes and you don’t consider them, it can be devastating to your overall retirement plan.”- Radon Stancil

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss the importance of having a trust as part of your retirement plan with Andres Mazabel. Trust & Will provides an “easy and secure” way to create estate plans and settle estates online, with the ability to customize legal documents.

A trust is a legal agreement that helps you secure whatever legacy means to you when you’re no longer around. Andres explains what probate is and why you need to create a trust as part of your estate planning to simplify things for your loved one.

Listen in to learn the importance of getting a financial advisor’s guidance when it comes to establishing a trust.

In this episode, find out:

How Trust and Will empower people to understand the importance of estate planning better.
How estate planning helps protect whatever legacy means to you.
The difference between a will and a trust and the benefits of having each in place.
The privacy and control a trust gives over when and how distributions are made.
Andres explains the complexities of a trust – how it works when you’re alive and gone.
How to plan and transfer all your estate assets into a trust.
How to avoid probate by adding your assets to beneficiaries and having a trust.

Tweetable Quotes:

“With a trust, we have so much more control over when and how distributions are actually made.”- Andres Mazabel
“No matter what state you live in, you want to avoid the probate because it makes the process smoother, reduces cost, and it gets assets transferred to the beneficiaries in a seamless way.”- Murs

Get in Touch with Clifton:

Website:https://trustandwill.com/

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this Episode of the Secure Your Retirement Podcast, Radon and Murs have Denise Appleby to discuss how the Secure Act 2.0 can affect your retirement plan. Denise is the CEO of Appleby Retirement Consulting Inc., a firm that provides IRA tools and resources for financial and tax professionals.

She explains the good provisions of the Secure Act 2.0 that benefit domestically abused spouses, terminally ill patients, the 529 beneficiaries, and so much more. Listen in to learn why you should talk to a financial advisor to help you do IRA transfers instead of jumping into a rollover without any guidance.

In this episode, find out:

The confusion the age change of taking Required Minimum Distributions (RMDs) is creating.
Understanding the meaning of a rollover as part of RMDs and how it works.
Denise explains the good provisions of the Secure Act 2.0.
The 529 plan and the stipulations they put in place to govern it’s rolling over into a Roth IRA.
How to avoid making an IRA rollover mistake by talking to an experienced financial advisor.
Understanding an IRA rollover and why you have to be careful how you move your money.
Why you should do a trustee-to-trustee IRA transfer instead of a rollover.
Denise’s retirement dictionary, where she breaks down retirement language into simple English.

Tweetable Quotes:

“Don’t believe everything you read online; talk to a financial advisor and interview them just as you would your physician.”- Denise Appleby
“You really want to do a trustee-to-trustee IRA transfer and never a rollover.”- Denise Appleby

Get in Touch with Denise:

LinkedIn: https://www.linkedin.com/in/deniseappleby/

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In this Episode of the Secure Your Retirement Podcast, Radon and Murs discusses what the financial retirement planning process looks like. How does it work? What information do you need to present?

Maybe you haven’t worked with a financial advisor before and don’t know the financial planning process. In this episode of the Secure Your Retirement podcast, we have a large part of our team take you through our retirement planning process.

Listen in to learn about the financial snapshot, its information, and why you’d have to share that information with us. You will also learn what the cash, safety, and growth buckets look like as part of the strategy meeting and the clarity they offer.

In this episode, find out:

The financial snapshot – a questionnaire document to help us get to know you better.
The importance of sharing all your information for us to make the best recommendation possible.
The different types of accounts you need to submit to help us with recommendations.
The questions you’ll have to answer to help us understand your income and expenses.
Other of your financial categories you’ll need to disclose to us.
The specific account statements you need to provide to help us build your plan.
How we use your accounts statements to verify account balances and look at your holdings.
The steps we’ll take you through to understand the financial planning process.
Analyzing risk exposure - comparing where your investments are and where you want to be.
The bucket sheet as part of the strategy meeting; cash, safety, and growth buckets.

Tweetable Quotes:

“There’s a whole bunch of different accounts that you can have, some are more common than others, but at the end of the day, it’s important to get the specific type of account so that we know how to build our recommendation.”- Nick
“The earlier someone starts evaluating not just how much they have today but also what’s going out the door when they fully retire, it makes the plan well thought out and more precise.”- Murs Tariq

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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We know nobody likes to talk about taxes, but there are things you must have your head wrapped around. Thinking and preparing for taxes throughout the year makes the whole scenario easier when tax season is here.

When preparing for tax season, there are some things that you need to compile for your CPA, and it’s easy to forget a document or two.

In this episode of the Secure Your Retirement podcast, we talk about the categories of information you need to get ready to file your taxes. Listen in to learn how to avoid a big tax bill by getting your 10-99 document, filing it, and offsetting some of those things.

In this episode, find out:

How to handle self-employment income and keep a record of your estimated tax payments.
Rental income – keep a record of the expenses and dates of the transactions.
Retirement income – understanding the 10-99 document and its tax information.
The 10-99 document generated from your savings, investments, and dividends and how it works.
Get your 10-99 document from your custodian to avoid getting a big tax bill.
How a tax-deferred account can generate a 10-99 document.
Homeownership – the documents you need to have ready for tax deductions.
The donor-advised fund and the benefits you can get from it if you’re charitably inclined.
Why you should keep track of your medical expenses and health insurance.
Keep a record of your state and local taxes and give it to your CPA.
HSA contribution – give the 5498 form to your CPA to get the credit and deductibility.

Tweetable Quotes:

“If you do not get a 1099 document, file it, and offset some of those things, you could get a very big tax bill that you’d have to go back and correct it.”- Radon Stancil
“If you have money coming in the door, whether its wages, earnings, pension, retirement income, or investments, there should be some type of documentation.”- Murs Tariq

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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What if something happened to you and you needed somebody else to make decisions in your place? Do you have a durable power of attorney in place to make things easier for you and your loved ones?

A durable power of attorney is an essential estate planning document for when you become disabled or incapacitated. It allows somebody else to make decisions and transactions that you would normally do yourself.

In this episode of the Secure Your Retirement podcast, we explain the ten reasons why you need a power of attorney regardless of your age. Listen in to learn the peace of mind you will have knowing that everything will be taken care of if something happens to you.

In this episode, find out:

You become incapacitated or disabled, and you can’t make any transactions.
It gives you convenience when traveling, making things easier for the what-ifs that can happen.
The financial decisions related to your health need to be part of a durable power of attorney.
Have someone who can handle your financial affairs if you cannot do so.
Give someone the ability to make real estate transactions on your behalf.
Making gifts to fulfill your wishes if you don’t have the mental capacity to do so.
Have someone to deal with all your tax matters if you’re unable to.
A durable power of attorney can help protect your privacy.
It helps avoid guardianship proceedings which saves time and effort.
It provides peace of mind knowing that you have a backup plan if something happens.

Tweetable Quotes:

“The durable power of attorney would allow somebody else to be able to make simple transactions that you cannot do.”- Radon Stancil
“A power of attorney makes it possible for privacy to be maintained in a scenario of incapacity or disability.”- Murs Tariq

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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Don’t we all wish we gained financial literacy at a young age? Maybe then, we wouldn’t have made so many money mistakes as young adults. How about giving your kids or grandkids that money management knowledge as early as possible?

One way to ensure that your kids or grandkids feel comfortable and confident managing money, regardless of their age, is by ensuring you prepare them early with financial education.

In this episode of the Secure Your Retirement podcast, we have Clifton Corbin, a registered financial consultant, financial literacy advocate, and author of Your Kids Their Money. Listen in to learn how to create financial comfort and security by consistently building habits such as savings and wealth creation in your kids.

In this episode, find out:

How Clifton’s early financial mistakes prompted him to help parents educate their kids about money.
When to start teaching kids about money and how to approach it.
The importance of teaching kids how to feel financially secure first so they can avoid financial stress.
How to use your knowledge to educate your grandkids, plus the benefits of gifting them financially.
The concept behind Clifton’s book Your Kids Their Money and the money lessons it provides.

Tweetable Quotes:

“It’s about giving kids opportunities to learn and practice good money management habits while they’re still young and home with you before they need it.”- Clifton Corbin
“I want everyone to feel comfortable and confident managing money regardless of what stage of your life you’re in.”- Clifton Corbin

Get in Touch with Clifton:

Website: https://cliftoncorbin.com/
Instagram: https://www.instagram.com/cdcorbin_/

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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In 2023, we’re committed to adding a lot of value with the information we’re putting out through this podcast.

In this episode of the Secure Your Retirement podcast, we list some things to look forward to in our 2023 content, including the Secure Act 2.0, trust, social security strategies, IRMAA, tax planning, and quarterly updates.

Listen in to learn more about our lineup and the 2023 tax updates you cannot afford to miss.

In this episode, find out:

The Secure Act 2.0 – changes on RMDs, ages, and other things affecting your retirement plan.
Who needs trust – walking you through the idea of trust and the documents you need to have in place.
Social security strategies – what is the best age to take social security?
IRMAA – walking you through what you need to think around your Medicare Parts B& D.
Tax planning – the 2023 updates on the rules and guidelines around tax.
Quarterly updates with Andrew Opdyke.

Tweetable Quotes:

“Social security is a complicated factor around the idea of when is the best time to take it.”- Radon Stancil
“Social security and Medicare go hand in hand, and you want to understand what IRMAA is.”- Murs Tariq

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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Are you curious about how your retirement plan is affected by the Secure Act 2.0? The Secure Act 2.0 was just passed at the end of the calendar year 2022 with some major updates on it.

The Secure Act 2.0 has changed things around when to take your Required Minimum Distributions from now moving forward.

In this episode of the Secure Your Retirement podcast, we discuss how the Secure Act 2.0 will affect your retirement plan. Listen in to understand more about the right time to take RMDs and the rules around Required Beginning Date (RBD).

In this episode, find out:

How the age of taking RMDs has shifted from seventy-two to seventy-three and five.
The Required Beginning Date (RBD) and the rules around it if you choose to defer your RMDs.
We share some examples to help you understand when to take your RMDs as per the Secure Act 2.0.
Why you need the help of a professional if you miss taking your RMD.
The formula to take your RMD and the frequency in which to take it.

Tweetable Quotes:

“If you reached age seventy-two after the year 2022 has ended, there’s no RMD for your IRA in 2023.”- Murs Tariq
“Do not think you get to skip 2023 if you’re already in your Required Minimum Distribution.”- Radon Stancil

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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Are you torn between retiring now or continuing to work? Working longer or retiring now isn’t just about money; there are many elements you should be thinking about.

Many factors might lead you to retire early or want to continue working even after you’ve reached retirement age. What, then, are these elements you should consider when navigating that decision?

In this episode of the Secure Your Retirement podcast, we discuss the elements to consider when deciding whether to retire now or work longer. We expound on financial readiness, health, personal goals, age, and long-term care.

In this episode, find out:

Think about your financial readiness – your ability to retire or not.
The different aspects of health you should look into when considering retiring.
Evaluate your personal goals and interests and how they will fulfill you in retirement.
Key ages to remember and the opportunities each can afford you.
Think about your family and their reliance on your current salary.
Avenues to evaluate when thinking about your healthcare and long-term care in retirement.

Tweetable Quotes:

“What’s equally important to savings is how much you’re going to spend in retirement; spending can make or break a retirement plan.”- Murs Tariq
“Health insurance and dealing with our healthcare cost can be a significant in retirement.”- Radon Stancil

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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Do you want to keep your tax planning smooth as you set goals for this year? As you think about getting ready for the tax season and setting goals for 2023, we know you want to make your life a bit simpler.

In this episode of the Secure Your Retirement podcast, we share ten tax tips for the beginning of 2023 to simplify your life. We discuss things like tax-free sources of income, Roth conversions, tax withholding, Required Minimum Distributions, and much more.

In this episode, find out:

Take advantage of tax-free sources of income – consider where your income is coming from.
Consider converting a traditional IRA into a Roth IRA and whether or not it makes sense for you.
Review your tax withholding to avoid under-withholding or over-withholding.
Take advantage of deductions for medical expenses – keep track of your medical expenses throughout the year.
Take advantage of charitable contribution deductions – through QCDs or donor-advised funds.
Don’t forget about quarterly payments to the IRS to avoid penalties.
Don’t forget about state taxes when making quarterly payments to avoid penalties.
Consider part-time work to keep you busy or for medical insurance if you retire before 65.
Don’t forget about the Required Minimum Distributions (RMDs) if you’re turning 72 this year.
Keep track of your tax documents to prepare your CPA or yourself for tax returns.

Tweetable Quotes:

“If you can control your taxable income, it will give you great tax planning advantages throughout 2023.”- Radon Stancil
“There can be a penalty if you do not do enough withholding or you do not do quarterly payments throughout the year.”- Murs Tariq

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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Welcome to our very first episode of the year! Regardless of what the stock market will look like in 2023, you should consider some things in your retirement plan to still be in a good place.

It would be good to begin the year at the right place financially and in your retirement planning strategy. You also want to understand where you stand, whether you’re already in retirement or getting closer to retirement.

In this episode of the Secure Your Retirement podcast, we list ten items we think you should be considering, reviewing, and taking a look at as you set your 2023 goals. Listen in to learn why assessing your current financial situation will be your first step toward setting better goals for 2023.

In this episode, find out:

Review your financial goals with your financial advisor on how it went last year and the potential this year.
Assess your current financial situation – be aware of your overall net worth, assets, liabilities, and savings.
Tweak your spending plan – track your spending and have a goal as you get closer to retirement.
Review your insurance coverages – are you getting what you’re paying for, and do you have enough?
Consider your retirement savings – how you can continue to fund your retirement plan.
Make a debt repayment plan – focus on getting out of debt in 2023.
Review your investment portfolio – reduce your portfolio’s risk exposure to what you want.
Consider your estate planning needs – prioritize getting your documents in place.
Review your credit report to ensure there’s no fraudulent activity.
Take advantage of tax-saving opportunities – be proactive with your contributions and donations.

Tweetable Quotes:

“It would be good to begin the year understanding what you’re spending and what you want to be your goal as you get closer to or in retirement.”- Radon Stancil
“Assessing that current financial situation is going to be the best first step to help you start thinking about what you want to do in 2023.”- Murs Tariq

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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We’ve come to the end of the year! It was a fun-filled year with quite an unpredictable market, but we made it.

In this episode of the Secure Your Retirement podcast, we will cover three main topics we’ve covered throughout the year. We discuss the episodes focusing on tax planning, retirement planning, and annuities. Listen in to learn why you should ensure your financial advisor and CPA are connected and working together as a team.

In this episode, find out:

The best resources for taxes – episode 185 with Steve Jarvis to get you thinking about taxes.
Episode 163 – Steve Jarvis on his advice on Roth conversions.
Episodes 184 & 158 – Connecting financial and tax planning and not thinking about them separately.
Episode 161 – Required Minimum Distributions (RMDs) and Qualified Charity Distributions (QCDs) strategies.
Episode 182 –Three questions to ask yourself about your retirement planning.
Episode 180 – How to navigate the federal reserves and inflation.
Episode 177 – Explaining the idea around Medicare part B & D surcharges that we can have (IRMAA).
Episode 157 – Detailing the retirement bucket strategy and how we help our clients.
Episode 146 – How to have a risk-adjusted portfolio and how we do it.
Episode 153 – Bonds versus bond alternatives concept and the conversation around it.
Episode 187 – Fixed annuities- best rates in over a decade.

Tweetable Quotes:

“No matter what your situation is and what you might be doing, make sure your financial advisor and CPA/tax preparer are working together.”- Radon Stancil
“Fixed index annuities have the ability to provide the guarantees that the market cannot.”- Murs Tariq

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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Do you know the difference between Adjusted Gross Income and Modified Adjusted Gross Income? Are you aware of how they affect your tax bracket and Medicare charges?

Understanding the difference between AGI and MAGI and having conversations about them with your financial advisor will help you manage your taxes and IRMAA efficiently. The “looking forward tax planning” strategy is about helping you save money.

In this episode of the Secure Your Retirement podcast, we discuss the difference between AGI (Adjusted Gross Income) and (Modified Adjusted Gross Income) and why you need to know it. Listen in to learn about examples of numbers, how they change, and how you can prepare prior.

In this episode, find out:

How the Modified Adjusted Gross Income can affect your IRMAA surcharges.
Understanding how we look and arrive at Adjusted Gross Income (AGI).
The things added to arrive at the Modified Adjusted Gross Income (MAGI).
Understanding the tax code will make you efficient in the different tax things you can do.
How smart tax planning can save you Medicare premium surcharges.
Think and prepare for AGI & MAGI to avoid the negative effects if you’re at Medicare age.

Tweetable Quotes:

“Your Adjusted Gross Income (AGI) ultimately is what is going to determine where you fall as far as the tax bracket goes.”- Murs Tariq
“You might be able to have some forward thinking and start to think about this and have that conversation with your financial advisor or CPA.”- Radon

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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Looking for an Update for what's been happening during 2022 and what's going to happen in 2023? How about inflation and recession? Will we see a recession in 2023? What has the Federal government been doing? When interest rates rise, does the economy absorb it?

The Federal government has raised interest rates very quickly this year. What about the coming year? How are the elections affecting our economy?

In this episode of the Secure Your Retirement podcast, we have Andrew Opdyke, a Certified Financial Advisor, Economist at First Trust Advisor. Listen in to learn the primary reasons why the present and future economy can be less stressful in your retirement plan.

In this episode, find out:

● Learn how the prices we see today are not as they seem.

● Is the peak of interest rates going to get even higher?

● Have we seen a recession and if so, what is the future going to look like?

● What leads to the slowdown of the economy?

● How was the economy affected by Covid and will it change?

Tweetable Quotes:

● “Inflation is the name of the game and when can they stop reacting to it”- Andrew Opdyke

● “What is the federal government going to do to get us back to normalcy and how long is that going to take?”- Murs Tariq

● “A central theme for 2023 is going to be bear market rallies” -Andrew Opdyke

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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Looking for a positive during this current negative high-interest rate market? How about looking into fixed index annuities? We’re experiencing the best interest rates environment that we have witnessed in the fixed annuities arena in over ten years.

A fixed index annuity is an insurance product that acts as a bond alternative with a protected principle by the insurance company. Annuities are even more attractive today than ever as markets, including the typically safe bond market, turn volatile.

In this episode of the Secure Your Retirement podcast, we discuss fixed index annuities and why they’re the best bond alternatives in the current volatile market. Listen in to learn the primary reasons why someone would consider a fixed index annuity in their retirement plan.

In this episode, find out:

Fixed index annuity – the bond alternative that offsets the equity side of the market.
A fixed annuity can provide a lifetime income similar to a pension.
A point-to-point method – how to calculate a fixed annuity interest from beginning to end.
How a fixed annuity protects you from downside loss of principle.
Why the fixed index annuity is a more attractive alternative to bonds in the next ten years.
The surrender charge schedule – the time you commit your money to an insurance company.
Understanding what it means to have money in a fixed index annuity from a restrictive point of view.

Tweetable Quotes:

“The bond side of the market, which is supposed to be our safety net, is very volatile.”- Murs Tariq
“If the fixed index annuity is down, you don’t make any money, but you also don’t lose any money.”- Radon Stancil

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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Have you heard about structured notes, and what questions do you have about them?

Structured notes are issued by a bank to perform in either the risk management growth or income categories. A bank looks at elements such as interest rates, volatility in the market, and some indices before issuing structured notes.

In this episode of the Secure Your Retirement podcast, we talk about structured notes, what they are, how they work, and their purpose over a glass of cabernet sauvignon wine. Listen in to learn about the coupon and principal barriers and how we work to minimize the risk.

In this episode, find out:

How structured notes are built to give us risk management growth or income.
How the bank issues structured notes and the risk attached to the bank you choose.
How we build structured products to minimize the risk occurring to less than 10%.
How the coupon barrier works and protects you from losing your principal.
Why we have to think about the issuing bank and barriers regarding structured notes risks.
Factors to consider before buying or selling structured notes to avoid losing money.
What it means for the structured notes to be “called” and how we work around that.
Why the availability and affordability of structured notes make them good tools during volatility.

Tweetable Quotes:

“Structured notes are structured to give us risk manage growth or income.”-Radon Stancil
“On the principal barrier, the only way you can lose money in this structured note is at the end of the term, not on the month.”- Murs Tariq

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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What should you be thinking about or doing with your tax planning as we approach the end of the year? Planning your taxes ahead of April is a great way to make the process more efficient.

When it comes to tax planning, the earlier you can do it outside of April, the more things you can get done. Some of the things you should be looking into include RMDs and QCDs, which depend on the situation or age.

In this episode of the Secure Your Retirement podcast, we have Steven Jarvis, a CPA, owner of Retirement Tax Services, the host of Retirement Tax Podcast, and is very knowledgeable in tax planning. We discuss QCDs, standard deductions, Roth conversions, and much more.

In this episode, find out:

Why these last months of the year are a great time to check on your taxes before April.
Things to check on before the year ends to avoid tax interests and penalties.
How QCDs allow you to give to charity without taxation and should be done by the end year.
The advantages of doing QCDs if you’re charity inclined and over the age of seventy and a half.
Understanding the standard deductions and how to save on taxes when donating to charity.
The difference between a Roth conversion and contribution and how to do them correctly.
The advantages of a Roth account in giving tax savings and flexibility.
How taxes are paid on Roth conversions, depending on age and situation.
Why the inflation reduction act doesn’t directly impact your taxes.

Tweetable Quotes:

“Tax planning should be a conversation we have thirteen months of the year.”- Steven Jarvis
“Taxes should go into our considerations; they should not be the primary reason we do something.”- Steven Jarvis

Get in Touch with Steven:

Website: https://retirementtaxservices.com/
LinkedIn: https://www.linkedin.com/in/steven-jarvis-cpa-ba91aa23/

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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Who wants to pay taxes? It’s impossible to avoid paying taxes altogether; what we can do is be more efficient with them.

Tax planning is an essential part of your retirement plan. To plan tax efficiently in your retirement, you have to understand all the different investments you’ve accumulated and the different types of tax structures to them.

In this episode of the Secure Your Retirement podcast, we discuss why tax planning should be a part of your retirement plan. Listen in to learn why the Roth IRA account is powerful when it comes to tax planning compared to the traditional IRA account.

In this episode, find out:

The importance of understanding your different types of accounts to help make tax planning efficient.
Understanding how much of your social security income is taxable annually.
If possible, ensure no other income coming in is taxable when taking social security income.
The difference between how the traditional IRA and Roth IRA are taxed.
The Roth conversion strategy and the tax planning that goes into making it a success.
Understanding how the cash in the bank and brokerage accounts are taxed.

Tweetable Quotes:

“Understanding the accounts is the first major part of it and where and how can you be taxed in retirement.”- Murs Tariq
“What’s really an important thing when it comes to tax planning is that we do it in advance.”- Radon Stancil

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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Have you ever thought about incorporating a fun fund into your retirement spending plan? How realistic is it to do the fun things you want to do and for the time you want to do them after retirement? A fun fund is an extra fund that’s added to your retirement spending fund categories as part of your basic wants after retirement. In this episode of the Secure Your Retirement podcast, we talk about the categories of retirement spending and the importance of having a fun fund. Listen in to learn why it’s important not to overstate certain things in your retirement plan to avoid a snowball effect. In this episode, find out: Three simple categories of a retirement plan; essential income needs, wants, and legacy/gifting. Essential income needs – the basic things you need to stay relatively happy. The wants – the things you want out of retirement. The legacy/gifting – allocating some funds to give away if you can. How we analyze retirement spending and inflate the basic wants. The fun fund – an extra fund from your retirement spending plan to support fun activities. The difference between a fun fund running for 10 years and that running until the end of life.

Tweetable Quotes: “Running a fun fund does not tax your overall retirement plan that much.”- Radon Stancil “We take essential income needs, wants, and legacy/gifting together and they work really well to create a spending plan for retirement.”- Murs Tariq

Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit https://pomwealth.net/3-keys-to-secure-your-retirementlp/ (POMWealth.net/podcast.)

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What questions should you be asking yourself when planning and thinking about retirement? When it comes to planning for your retirement, your major concerns should be around your goals, your need for professional help, and the actual retirement plan. To build a retirement-focused financial plan, you must have goals or at least have an idea of what you want your retirement to look like. In this episode of the Secure Your Retirement podcast, we talk about the three major questions to ask yourself when thinking about retirement over a glass of Erath Pinot Gris wine. Listen in to learn how to align yourself with someone that’s specialized in retirement planning and not just the investment side of things as you transition into retirement. In this episode, find out: ● Think about when you want to retire and figure out if that’s possible for you. ● Think about what you’re going to do in your retirement to live a fulfilling life. ● Think of the type of retirement you want for yourself before you start planning for it. ● How we help relieve you of the worry of taking care of your retirement planning. ● Take time before engaging an advisor to fully understand how their practice works. ● Align yourself with a specialized retirement advisor as you transition into retirement. ● How to build a retirement-focused financial plan based on your idea of retirement. Tweetable Quotes: ● “You want to take the time before you enter into an engagement with an advisor to really understand a lot of things as to how their practice works.”- Murs Tariq ● “If you’re going to work with a professional, try to align yourself with someone that is specialized in the area of retirement planning and not just in the investment side of things.”- Murs Tariq Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit https://pomwealth.net/3-keys-to-secure-your-retirementlp/ (POMWealth.net/podcast.)

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What do you do in an extended market downside as opposed to a short one? How do you invest in a downturn market? The closer we are to retirement, the more nervous a downside market affects us. All year 2022, the market has been volatile, and the recovery is not as quick as we experienced during the 2020 pandemic. What we’re looking for now are investments that are low risks, not correlated to the stock market, and do well in rising interest rate markets. In this episode of the Secure Your Retirement podcast, we talk about the current market volatility and how to invest. Listen in to learn about the fund designed to protect your investment and the other one that does better in a high-interest rate market. In this episode, find out: ● Why a downside market creates a lot of anxiety the closer you get to retirement. ● The difference between a quick market downturn and an extended market downturn. ● The factors contributing to the high inflation rate and the market downturn in 2022. ● Comparing the 2022 inflationary crisis to the financial crisis of 2008. ● The mutual fund is designed to protect your principal and provide interest payments. ● Why we might utilize a fund that does better in high-interest rate and volatile markets. Tweetable Quotes: ● “The closer we are to retirement, the more nervous a downside market affects us.”- Radon Stancil ● “The idea of using bonds to de-risk your portfolio and reduce volatility to hedge yourself has not worked at all in 2022.”- Murs Tariq Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit https://pomwealth.net/3-keys-to-secure-your-retirementlp/ (POMWealth.net/podcast.)

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What exactly is causing the current inflation, and how does it affect your retirement? The supply chain issues we experienced during the pandemic majorly contributed to the current global inflation we’re now experiencing. The Fed has increased rates on a few major product categories raising the cost of inflation. In this episode of the Secure Your Retirement podcast, we talk about the cause of inflation, what the Fed is doing, and how you can reduce the impact of inflation on your retirement. Listen in to learn how the Fed is trying to balance the economy to keep it balanced and avoid a crash. In this episode, find out: ● How the pandemic supply chain issues led to the current inflation rate. ● The major categories getting affected by inflation due to supply chain issues and the Ukraine war. ● How the Fed is trying to balance things to keep the economy moving and avoid a crash. ● How the flexibility of retirees can allow them to avoid the impact of inflation. ● Why the Fed is avoiding making the inflation mistake of the 1970s and 80s. Tweetable Quotes: ● “A retiree cannot avoid inflation, but they can make some conscious decisions on whether or not they’re going to be fully susceptible to inflation.”- Murs Tariq ● “Knowing what you can control gives you power.”- Radon Stancil Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit https://pomwealth.net/3-keys-to-secure-your-retirementlp/ (POMWealth.net/podcast.)

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Should you work with a fiduciary, and what does it mean to be a fiduciary? A financial advisor working under the fiduciary premise is bound by certifications and licenses to make transactions in the client’s best interest. In this episode of the Secure Your Retirement podcast, we explain the importance of working with a fiduciary to manage your retirement investment. Listen in to learn the difference between a broker and a fiduciary, plus the factors that bind a fiduciary to act in the client’s best interest. In this episode, find out: The difference between suitability and fiduciary standards. The certifications and licenses that bind an advisor to become a fiduciary. Understanding what it means to be a fiduciary – doing what is best for the client. The factors we consider when evaluating investments that best suit our clients. Why you should ask your financial advisor upfront if they’re bound to the fiduciary standard.

Tweetable Quotes: “There are certain licenses and certifications that bind an advisor to become a fiduciary.”- Radon Stancil “As a fiduciary, our responsibility is not just to look at one question; it’s also to look at everything surrounding that question in a very holistic manner to help you make the best decision for yourself.” - Murs Tariq

Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit https://pomwealth.net/3-keys-to-secure-your-retirementlp/ (POMWealth.net/podcast.)

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Are you looking to improve your mobility in retirement? Through commitment, courage, and care, you can practice simple yoga poses that promote healing and joint renewal. These yoga poses help calm the nervous system down and allow for body healing and joint restoration. In this episode of the Secure Your Retirement podcast, we have Kathy White, a yoga teacher for people aged 50 and over. Her yoga is designed for beginners and everyone to be able to practice when they are 50 and beyond. Listen in to learn the importance of practicing yoga that allows your nervous system to calm down, plus how to find the right teacher for it. In this episode, find out: ● Create healthy conditions for joints through simple poses that promote movement and healthy pressure. ● Calming down the nervous system allows for body healing, joint renewal, and restoration. ● Commitment – show up for yourself daily by practicing joint renewal yoga. ● Have the COURAGE to face any restrictions or tightness in your body as you age. ● Find a teacher that works for you if you haven’t tried or liked yoga. ● The importance of showing CARE and kindness to yourself when practicing yoga. ● How Kathy’s Joint Renewal yoga system helps people with joint injuries and hip replacements. Tweetable Quotes: ● “Healing happens when we’re in the parasympathetic nervous system mode.”- Kathy White ● “When you see progression, that’s when you actually start to fall in love with something, but it takes time to do that.”- Murs Tariq ● “You need to have a practice that is consistent and will last for longevity.”- Kathy White Get in Touch with Kathy: ● Website:https://www.kathywhiteyoga.com/ ( https://www.kathywhiteyoga.com/) ● Instagram:https://www.instagram.com/kathywhiteyoga/ ( https://www.instagram.com/kathywhiteyoga/) Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit https://pomwealth.net/3-keys-to-secure-your-retirementlp/ (POMWealth.net/podcast.)

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Are you going to be able to avoid IRMAA surcharges on Medicare parts B and D? IRMAA stands for Income-Related Monthly Adjusted Amount, and there are charges on both parts B and D based on where your income lands. If you’re thinking about retiring any time soon, there are ways to manage your income to stay at a lower amount to avoid surcharges on your Medicare premiums. In this episode of the Secure Your Retirement podcast, we take you through the IRMAA surcharges on Medicare part B and D over a glass of La Crema Chardonnay. Listen in to learn about the 3-layer IRMAA surcharge difference and which category you fall in. In this episode, find out: ● Understanding what Income-Related Monthly Adjusted Amount represents in Medicare. ● The meaning of Modified Adjusted Gross Income and why you need to know yours. ● The IRMAA surcharge to pay if your income didn’t exceed 91k single or 182k married filed jointly. ● When to file for a form SSA-44 and explain how a life-changing event affected your income. ● The 3-layer IRMAA surcharges to pay if your income exceeds 91k single or 182k married filed jointly two years prior. Tweetable Quotes: ● “There’s a potential where you can have additional charges on your part B or D if you fit certain criteria when it comes to income.”- Murs Tariq ● “With a little bit of planning, we can be able to think IRMAA through and what’s going to be beneficial to you.”- Radon Stancil Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit https://pomwealth.net/3-keys-to-secure-your-retirementlp/ (POMWealth.net/podcast.)

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When you think about the GPS in your car, you think about how it will direct you to the right destination. The most important part of your GPS is knowing where you are so it can help you get to your destination. Our retirement program is similar to a GPS designed to help you get to your retirement destination without any worries. In this episode of the Secure Your Retirement podcast, we take you through our GPS retirement system and explain why it’s powerful. Listen in to learn how we help you prepare for any roadblocks that arise during your retirement. In this episode, find out: Why we liken our retirement plan process to a GPS system. The different things that help us understand where you are like income, assets, and more. The numbers we use to estimate if your plan can get to the end of your retirement. Why we use age ninety as the end of your retirement to plan the GPS retirement system. The “what ifs” we look at to prepare for potential roadblocks that may arise during your retirement. Why we do the GPS annual updates with our clients to help adjust things in their favor.

Tweetable Quotes: “It doesn’t matter how much you have asset-wise, it’s all about how much you plan on spending in retirement.”- Murs Tariq “We use our retirement planning process system to get you all the way from where you are now through retirement.”- Radon Stancil

Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit https://pomwealth.net/3-keys-to-secure-your-retirementlp/ (POMWealth.net/podcast.)

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Have you been wondering whether to do a beneficiary and how to do it? There are different accounts that require you to have beneficiaries, including your retirement accounts. A beneficiary is a person you assign while you’re living to receive the benefits of your accounts after you pass. In this episode of the Secure Your Retirement podcast, we talk about beneficiary destinations and how to do them correctly. Listen in to learn the importance of doing annual beneficiary reviews and listing your accounts for the benefit of your beneficiaries. In this episode, find out: Different types of accounts that are almost required to have beneficiaries. Understanding the primary and contingent beneficiaries plus the tax risks of not having a beneficiary. The differences between the per capita and per stirpes beneficiary destinations. How the per stirpes language can help with the tax options during inheritance. Have beneficiaries in place for all accounts, and ensure you do a beneficiary review every year. The importance of listing all of your accounts to ensure your beneficiaries know where to look.

Tweetable Quotes: “The beauty of per stirpes is that it makes sure that the lineage is taken care of versus one person getting everything because someone is not around to inherit.”- Murs Tariq “Make a list of all of your accounts so that whoever your beneficiaries are, they’ll know where to go look.”- Radon Stancil

Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit https://pomwealth.net/3-keys-to-secure-your-retirementlp/ (POMWealth.net/podcast.)

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Have you given thought to the possibility of having the hormonal replacement therapy conversation? As we age, hormones will inevitably decline and it’s something that everyone will have to deal with. The hormonal optimization therapy is something we should discuss now that the benefits outweigh the risks with the current literature. In this episode of the Secure Your Retirement podcast, we have Dr. Doug Lucas, a triple fellowship-trained physician with a passion for health optimization, epigenetics, bone health, hormone optimization, and orthopedic surgery. Listen in to learn about the hormone decline symptoms to look out for and how to start the testing and treatment process. In this episode, find out: Understanding hormonal replacement therapy and the benefits of it. The common symptoms of hormonal decline in both men and women and the age they occur. The symptoms of hormonal decline in women and when to consider the optimization conversation. How to approach hormonal testing and treatment from where you are now to where you want to be. Benefits to expect from hormonal replacement therapy for both men and women and the time it takes to work.

Tweetable Quotes: “Hormonal replacement is something that if you do, you should plan on doing indefinitely.”- Dr. Doug “Giving somebody hormones will deplete them of some things pretty predictably, and that’s another thing that needs to be considered along the way.”- Dr. Doug

Get in Touch with Dr. Doug: Website:https://optimalhumanhealth.com/ ( https://optimalhumanhealth.com/)

Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit https://pomwealth.net/3-keys-to-secure-your-retirementlp/ (POMWealth.net/podcast.)

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Are you considering taking that complimentary call and possibly working with us? Here at Peace of Mind, we have a well-curated system from the first meeting we have with a potential client to the actual job of managing their financial retirement plan. In this episode of the Secure Your Retirement podcast, we take you through our process and the four steps to secure your retirement. Listen in to learn how we conduct a risk assessment on your investments, plus come up with an active retirement financial plan for you. In this episode, find out: ● Personalized introduction meeting – a no-obligation meeting checking where you are and if we’re potentially a good fit. ● The two reasons why we might think you’re not a good fit for us on the first meeting. ● Personalized planning meeting – putting your information together into a retirement focus financial plan. ● Things that go into a risk assessment that we conduct during our second meeting. ● The advantageous aspects of the complimentary personalized planning meeting. ● Personalized options review – walking you through all the options as to how we can start a working relationship. ● Personalized monitoring – an ongoing process of actively managing your money accounts and financial plan. Tweetable Quotes: ● “We have a process/ system, you either like, or you don’t like it we’re comfortable with that.”- Radon Stancil ● “If you have investments, we’re going to take a look at what your investments are and essentially do a score as to how risky they are.” - Murs Tariq Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit https://pomwealth.net/3-keys-to-secure-your-retirementlp/ (POMWealth.net/podcast.)

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Have you heard of I bonds and are wondering how they can work for you? An Inflationary bond is an interest-earning bond issued by the government. Even though the money market isn’t looking very attractive right now, I bonds seem attractive and are as of today paying up to a 9.62% rate of return. In this episode of the Secure Your Retirement podcast, we talk about I bonds, what they are, and how they can benefit you. Listen in to learn how to buy I bonds and make them the most efficient for you with their rate of return. In this episode, find out: ● Understanding an I bond and why it’s attractive to buy during this inflation. ● How to buy I bonds individually from the government online. ● The I bond limitation per person and why it’s not a save-all to the market issues this year. ● The factors that affect the I bond interest rate plus the holding period that makes sense. ● How the I bond is taxed federally and at your ordinary income. Tweetable Quotes: ● “An I bond is issued by the government, and it is a bond that is going to earn interest.”- Murs Tariq ● “To make the I bond the most efficient, you want to have it in your mind that you hold it for at least five years.”- Murs Tariq Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit https://pomwealth.net/3-keys-to-secure-your-retirementlp/ (POMWealth.net/podcast.)

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How in control are you of your spending? Have you ever considered living a frugal lifestyle? Frugality is about being conscious about your spending and being a good steward of your resources. When you know what you want out of your life, conscious spending and setting boundaries become easier. In this episode of the Secure Your Retirement podcast, Jen Smith explains how to get control of your spending and transition into a frugal lifestyle. Jen is a personal finance expert, author, and co-host of the Frugal Friends Podcast. Listen in to learn how to create boundaries that stop you from making bad spending decisions online. In this episode, find out: ● Jen on how her experiences with money led her to start her podcast Frugal Friends. ● Frugal vs. cheap – choosing quality without taking advantage of someone else’s resources. ● How to focus on lowering your essentials so you can spend on your wants without guilt. ● How being conscious about your spending can make the transition to frugality easier. ● How to create physical barriers to stop yourself from making bad purchasing decisions. ● How to have hard conversations with yourself and your loved ones to figure out what you want in your life. Tweetable Quotes: ● “Frugality is being conscious and a good steward of your resources while being cheap is taking advantage of someone else’s resources.”- Jen Smith ● “When you can realize what you want from life, it can make the transition to being more conscious about your spending easier and more welcomed.”- Jen Smith Get in Touch with Diane: ● Website:http://instagram.com/frugalfriendspodcast ( http://instagram.com/frugalfriendspodcast) ● Instagram:http://instagram.com/frugalfriendspodcast ( http://instagram.com/frugalfriendspodcast) ● Podcast: Frugal Friends Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit https://pomwealth.net/3-keys-to-secure-your-retirementlp/ (POMWealth.net/podcast.)

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If you don’t have Medicare all figured out, you’re not alone. Medicare is very complicated to understand and even get into. It is important that you start planning to enroll in Medicare in a timely manner, that is, before turning 65. But it’s not necessary for everyone, some people can completely defer Medicare depending on individual situations. In this episode of the Secure Your Retirement podcast, Diane Omdahl helps us understand more about Medicare. She is co-founder of 65 Incorporated, a recognized Medicare expert, and entrepreneur. Listen in to learn about Medicare plans, their differences, and the factors to consider before choosing a plan. In this episode, find out: Diane’s medical and home care background and how it led her to become a Medicare expert. Why you should start planning for Medicare 9 months to a year before turning 65. The Medicare complexities depend on situations and why you should be careful. Open enrollment – the opportunity to change your plan and why you should pay attention. Medicare landscape and the factors to consider when choosing any Medicare part. Understanding the original Medicare and Medicare Advantage rules and differences. The common mistakes people make when choosing a Medicare plan. The role a financial advisor plays in educating their clients about Medicare.

Tweetable Quotes: “Ninety-nine percent of people in a Medicare Advantage plan face prior authorization.”- Diane Omdahl “When it comes to Medicare, the smart person’s the one that realizes she/he needs help.”- Diane Omdahl

Get in Touch with Diane: Website:https://www.65incorporated.com/ ( https://www.65incorporated.com/)

Email: info@65incorporated.com

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Are you noticing that you’re dealing with more stress now that you’re retired or close to retirement? Stress is in itself not inherently bad, but chronic stress is and can lead to chronic illnesses. Becoming aware of how stress is showing up for you and being specific about what’s stressing you are great ways to take away the ambiguity of stress and start taking action. In this episode of the Secure Your Retirement podcast, we have Ellen Leonard, a speaker, stress management consultant + coach, and expert who teaches and coaches business leaders, teams, and entire organizations how to manage and prevent stress. Listen in to learn about the signs and symptoms of chronic stress, how to be aware of them, and work on them to live your best retirement life. In this episode, find out: ● Ellen’s career background and how she helps people in corporate deal with stress. ● Symptoms of stress in retirement, how to recognize stress, plus get professional help. ● The impact of chronic stress on your life which include chronic illnesses. ● How to become aware of stress and be very specific about what’s stressing you to take action. ● How to use movement, sleep, and eating as stress management tools. ● Why finding your true purpose in retirement can be a great stress management tool. ● Start by reaching out to a professional as soon as you notice signs of stress in your life. Tweetable Quotes: ● “Ninety percent of illness is influenced by stress.”- Ellen Leonard ● “We can do a compare and contrast and cultivate an awareness around how stress might be impacting us.”- Ellen Leonard Get in Touch with Ellen: ● Website:https://www.ellen-leonard.com/ ( https://www.ellen-leonard.com/) ● LinkedIn:https://www.linkedin.com/in/ellenleonard/ ( https://www.linkedin.com/in/ellenleonard/) Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit https://pomwealth.net/3-keys-to-secure-your-retirementlp/ (POMWealth.net/podcast.)

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Over the last couple of years, we’ve covered many topics on investing and retirement planning. We have a whole library of information on any topic that you can think of. In this episode of the Secure Your Retirement podcast, we share information on where you can find the episodes, you’re looking for over a glass of Erath Pinot Noir wine. We explain the different episodes under different categories and why you should listen or re-listen. Listen in to learn why we advocate for the simple three-bucket retirement strategy instead of the buy and hold strategy. In this episode, find out: ● Episodes on estate planning include wills, power of attorneys, trusts, and much more. ● Recommendations on retirement planning episodes and what you’ll learn. ● Episodes to help you understand tax and how to tax do the planning. ● Episodes on portfolio management – why active management and not buy and hold. ● The big topic of annuities and the 8-part series we have about them. Tweetable Quotes: ● “The retirement bucket strategy is a simple three bucket strategy that takes away all the stress because you’re going to know where your cash, income and safety, and growth are at.”- Radon Stancil ● “Once you have the investment strategy and retirement plan figured out then taxes become something you want to focus on.”- Murs Tariq Where Is My Episode? Estate Planning: EP 1 – Chess Griffin – How to Know What You Need for Your Estate Plan EP 73 – Chess Griffin – Do You Need a Trust? EP 106 – What Should You Consider If Your Spouse Passes Away? EP 109 – Chess Griffin – Special Needs Trust – What You Need to Know EP 135 – How to Create an Estate Plan Without the Stress EP 160 – 6 Considerations for Your Estate Plan Retirement Planning: EP 8 – Planning for Retirement – How the Process Works – Part 1 EP 10 – Planning for Retirement – How the Process Works – Part 2 EP 12 – Planning for Retirement – How the Process Works – Part 3 EP 18 – How to Build an Income Plan For Retirement EP 22 – Looking at The Whole Picture in Retirement EP 44 – How Do IRA and 401K Rollovers Work? EP 48 – How Much Do You Need to Retire? EP 52 – The Retirement Planning Checklist EP 58 – Social Security – When is The Right Time? EP 88 – Having a Team Approach in Retirement EP 97 – Social Security Strategies EP 118 – 4 Questions to Help Your Income Plan EP 157 – The Retirement Bucket Strategy EP 162 – 401k Versus IRA Taxes: EP 13 – Tom Turner – Planning Taxes and Retirement EP 66 – How To Convert an IRA to a Roth IRA EP 94 – Tax Strategies for Non-IRA Brokerage Accounts EP 124 – IRAs – Required Minimum Distributions EP 130 – Considerations For Charitable Giving EP 133 – Steven Jarvis – Tax Planning for Retirement EP 158 – Tax Planning Versus Tax Preparation EP 161 – How Required Minimum and QCDs Work EP 163 – Steven Jarvis – Mid-Year Tax Strategies Portfolio Management: EP 16 – Investing During Retirement – Buy and Hold or Active Management? EP 19 – Bill Sherman – Buy and Hold is Dead EP 56 – Asset Allocation or Strongest Assets EP 146 – Risk Adjusted Portfolio – How It Works EP 150 – What’s The Difference Between a Mutual Fund and a ETF? EP 153 – Bonds Versus Bond Alternatives EP 159 – When Cash Is Good Annuities: EP 26 – Annuities – Why Ever Use Them EP 30 - Annuities – Why Ever Use Them – Part 2 EP 34 - Annuities – Why Ever Use Them – Part 3 EP 38 - Annuities – Why Ever Use Them – Part 4 EP 41 - Annuities – Why Ever Use Them – Part 5 EP 46 - Annuities – Why Ever Use Them – Part 6 EP 47 – Annuities – Why Ever Use Them – Part 7 EP 54 – Annuities – Portfolio Implementation – Part 8 EP 128 – Should I Consider an Annuity in My Financial Plan? Resources: If you are in or nearing retirement and you want to gain clarity on what...

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How do you keep your home and online space secure? Are you proactive in the steps you take to avoid fixing any damage? It’s important to understand the real threats that your family can face and how to be proactive about your security. The first step you should take towards your home security is making your home an unattractive target to the bad guys. In this episode of the Secure Your Retirement podcast, we have Andy Murphy, founder of The Secure Dad, a family safety education company. Listen in to learn what to avoid and what to adopt to keep yourself financially secure online. In this episode, find out: ● How more lights to the exterior of your home make it unattractive to thieves. ● Have and maintain discipline in properly locking and lighting your home when necessary. ● Stay safe online by avoiding email phishing and malicious links on google search. ● Avoid sending cheques in the actual mailbox to protect yourself against financial theft. ● The importance of two-factor authentication and using text notification instead of authenticator apps. ● Avoid locking yourself out of your digital accounts by not using password managers. ● The online safety caution to take with your children to avoid cyberattacks. Tweetable Quotes: ● “Life is enjoyable, and we can all have a good time if we just take a few proactive steps to protect our investments and families.”- Andy Murphy ● “Don’t necessarily put all your trust in something that’s on the cloud that you can’t physically get to.”- Andy Murphy Get in Touch with Andy: ● Website:https://www.thesecuredad.com/ ( https://www.thesecuredad.com/) ● Instagram:https://www.instagram.com/thesecuredad/ ( https://www.instagram.com/thesecuredad/) Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit https://pomwealth.net/3-keys-to-secure-your-retirementlp/ (POMWealth.net/podcast.)

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If you have Osteoporosis or are exposed to its dangers, maybe it’s time you consider a comprehensive treatment approach. Osteoporosis is the diagnosis of having poor bone quality and quantity. Its treatment includes lifestyle changes that can help you prevent, slow down, or reverse the disease and enjoy your retirement. In this episode of the Secure Your Retirement podcast, we have Dr. Doug Lucas, a triple fellowship-trained physician with a passion for health optimization, epigenetics, bone health, hormone optimization, and orthopedic surgery. Listen in to learn how your gut and functioning impact your bone health. In this episode, find out: Why Dr. Doug made the leap from traditional medicine to what he calls health optimization. Understanding Osteoporosis, how it develops, and how it can impact your life. The structure of traditional medicine in treating Osteoporosis vs. health optimization. How lifestyle changes can help you prevent, slow down, or reverse bone loss. How gut health or chronic inflammation can cause bone loss and how that can be changed. Where to start to get comprehensive treatment for Osteoporosis. Where to find Dr. Doug, his telehealth services, plus his 6 months Osteoporosis treatment process. Why he screens leaky gut and gut function in bone loss treatment.

Tweetable Quotes: “A lot of people don’t know that they have it; it’s estimated that about 50 million adult Americans have Osteoporosis.”- Dr. Doug “Everybody needs to know a little bit of their gut and how it's functioning because most of us have dysfunctional guts.”- Dr. Doug

Get in Touch with Dr. Doug: Website:https://optimalhumanhealth.com/ ( https://optimalhumanhealth.com/)https://optimalbonehealth.com/ ( https://optimalbonehealth.com/) Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit https://pomwealth.net/3-keys-to-secure-your-retirementlp/ (POMWealth.net/podcast.)

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How do you keep your finances safe in a world where cybersecurity has become a household term? In a world where we’re performing most of our tasks online, it is important to be aware of the innovation of cyber fraud and hacking and how to stay safe. It is crucial that your mobile devices stay encrypted, updated, and with good threat detection to avoid virus infection from malicious sites. In this episode of the Secure Your Retirement podcast, we have Nick Espinosa, an expert in cybersecurity and network infrastructure who has consulted with clients ranging from small business owners to Fortune 100 level companies. Listen in to learn why you should validate and verify information, especially in financial transactions to avoid phishing. In this episode, find out: Nick explains the type of work he does in cybersecurity. The importance of marrying technology with cybersecurity to stay protected from possible hacking. Make sure your mobile devices are encrypted to protect your information. Have good threat detection on your mobile device to avoid virus infection from malicious sites. Why it’s crucial to keep your devices updated to fix the vulnerability and avoid a break-in. The importance of enabling multifactor authentication for your password manager to keep you safe. Understanding forms of phishing and how they get you infected to steal your information. Build a filter of distrust in your technological environment to stay safe. Free safe sites and organizations on basic cybersecurity education.

Tweetable Quotes: “We have to understand as technology innovates, so does the innovation of fraud and hacking, so we have to be aware of what we’re clicking on.”- Nick Espinosa “Anybody over 60 is targeted at a higher rate on the personal side than any other age group.” - Nick Espinosa

Get in Touch with Steven: LinkedIn: https://www.linkedin.com/in/nickespinosa/ (https://www.linkedin.com/in/nickespinosa/)

Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit https://pomwealth.net/3-keys-to-secure-your-retirementlp/ (POMWealth.net/podcast.)

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How does inflation affect your retirement? We’re currently experiencing high inflation due to a number of reasons and it’s only wise to know how to plan for it in retirement. In this episode of the Secure Your Retirement podcast, we talk about the current inflation rate, its causes, and how to protect yourself in retirement over a glass of Chardonnay la crema wine. We explain why the current inflation is short-term, why you should consider having an active retirement approach, and a Roth conversion. Listen in to learn how to have a worry-free retirement plan by ensuring you have the cash, growth, and income buckets. In this episode, find out: The low supply chain issues causing the current high inflation rate. Why you don’t need to be alarmed by the current high inflation because it’s short-term. How to protect yourself against inflation by having an active investment approach. The two scenarios that exist for you if your retirement plan is tight during inflation. Understanding past inflation data and why we believe it’s going to come back to normal. The different ways you can prepare your spending plan as a retiree during inflation. How to have a worry-free retirement plan by ensuring you have the cash, growth, and income buckets. Why you should consider a Roth conversion to have a tax-free vehicle to tap into in retirement. Talk to an advisor to understand the tax implication of a Roth conversion before going for one.

Tweetable Quotes: “Having an active approach can get you out of harm's way in certain scenarios…rather than just having a buy and hold mentality.”- Murs Tariq “If you want to have a peace of mind retirement or a worry-free retirement plan, make sure that you have the cash, growth, and income buckets.”- Radon Stancil

Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit https://pomwealth.net/3-keys-to-secure-your-retirementlp/ (POMWealth.net/podcast.)

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Are you committed to having a tax-planning conversation outside the tax season? The only way to win in the tax game is to have a proactive approach when it comes to tax planning. It’s important to be committed to having some kind of tax-planning conversation on any topic, especially with a professional outside of the traditional tax period. In this episode of the Secure Your Retirement podcast, we have Steven Jarvis, a CPA, owner of Retirement Tax Services, the host of Retirement Tax Podcast, and is knowledgeable in tax planning. We discuss the benefits of tax planning and a few ways how you can get intentional to avoid paying more tax than needed. In this episode, find out: The importance of tax planning to avoid the pain of the tax-paying experience. How (QCDs) can lower your taxable income even when taking standard deductions. How doing a QCD can help you pay lower premiums for Medicare. The benefits of the donor-advised fund, allowing lumping of multiple years of charitable contributions into a single year. Why you should consider getting your money into a tax-free bucket according to your tax bracket. The reasons why you should or shouldn’t consider doing a Roth conversion.

Tweetable Quotes: “Everyone should consider a Roth; it does not mean anyone should do one.”- Radon Stancil “If you have any concerns that tax rates might go up, getting dollars into a tax-free bucket is going to set you up for success.”- Steven Jarvis “The only way we get ahead with tax planning is if we have an intentional approach.”- Steven Jarvis

Get in Touch with Steven: Website:https://retirementtaxservices.com/ ( https://retirementtaxservices.com/) LinkedIn:https://www.linkedin.com/in/steven-jarvis-cpa-ba91aa23/ ( https://www.linkedin.com/in/steven-jarvis-cpa-ba91aa23/)

Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit https://pomwealth.net/3-keys-to-secure-your-retirementlp/ (POMWealth.net/podcast.)

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Do you understand the difference and similarities between 401ks and IRAs? How can you make the two or one make sense for you as your retirement plan? Both 401ks and IRAs are set up to encourage you to plan for your retirement, and you should have an analysis and a conversation on which one is good for you. But when you have the opportunity, moving from a 401k to an IRA gives you more flexibility and investment options. In this episode of the Secure Your Retirement podcast, we talk about the differences and similarities between 401ks and IRAs. Listen in to learn how you can move your 401k funds into an IRA and its benefits. In this episode, find out: ● A 401k is an employer-sponsored retirement plan, and an IRA is an individual retirement account. ● The pre-tax (traditional) 401k or IRA and the tax-free option (Roth). ● The difference between pre-tax and Roth 401ks/ IRAs and the tax benefits of each. ● The two major benefits of a 401k in terms of how it can be funded. ● In-service rollover - when you can move your 401k funds into an IRA and the benefits. ● A strategy on how we can access your 401k and make trades on your behalf. ● The simple process of doing an in-service rollover to move you from a 401k to an IRA. Tweetable Quotes: ● “On the funding side, 401ks typically are going to allow you to put in much more money than an IRA.” -Murs Tariq ● “In general, as long as you’re employed with the company, you cannot move from the 401k to an IRA.” - Radon Stancil Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit https://pomwealth.net/3-keys-to-secure-your-retirementlp/ (POMWealth.net/podcast.)

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When it comes to taking your money out of your IRAs and 401ks after retirement age, you might need to understand the terms RMDs and QCDs. At age 72, you’re required to start taking distributions out of your 401k and IRAs with a formula based on your life expectancy. The key here is to be tax-efficient or even go tax-free in any way you can without breaking the law. In this episode of the Secure Your Retirement podcast, we take you through the Required Minimum Distributions and Quality Charitable Distributions. Listen in to learn how to save on tax by taking your money out of an IRA/401k and doing a Roth conversion if you’re 65 and retired. In this episode, find out: The formula to calculate your distributions which you’re required to start taking based on your life expectancy. Taking out your RMDs in the year you turn 72 and the consequences of deferring your first RMD. Understand that you can withhold tax for RMDs plus the frequency in which you take your RMDs. Understanding how any pre tax asset that is subject to RMDs is calculated. Why take money out of your IRA/401k and do a Roth conversion if you’re 65 and retired to save on tax. Where to take the RMD money from when you have several IRAs and 401ks. Quality Charitable Distributions (QCDs) – qualifying to take your IRA money tax-free at age 70 and a half. How to avoid paying tax or doing it efficiently on your RMD through the QCD strategy.

Tweetable Quotes: “At age 72, you’re required to start taking distributions out of your 401k” - Radon Stancil “It’s perfectly legal to defer your first and only RMD, after that, it must be all completed by 12/31 of the calendar year.”- Murs Tariq

Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit https://pomwealth.net/3-keys-to-secure-your-retirementlp/ (POMWealth.net/podcast.)

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When it comes to estate planning, some things are essential and required at all times to simplify the process for your family when you’re no longer here. In this episode of the Secure Your Retirement podcast, we talk about the 6 essential and required things you need to consider when estate planning over a glass of Raphael Prosecco sparkling wine. We explain the purpose and importance of having documents such as a will, power of attorneys, the HIPAA form, beneficiary form, and the transfer on death document. Listen in to learn the purpose of having the durable and healthcare power of attorneys to make things simpler for your family in case you become incapacitated. In this episode, find out: The importance of having a will to simplify things for your loved ones when you’re no longer here. Healthcare power of attorney – appointing someone to carry out your healthcare decisions for you if you’re incapacitated. How having a healthcare power of attorney uncomplicates complicated situations for your family. The durable power of attorney - appointing someone to carry out your financial decisions for you if you’re incapacitated. Get both durable and healthcare power of attorneys prepared in advance and when in full capacity. How the HIPAA form allows your family to have access to your medical records. The beneficiary form drives where all your accounts funds go at the time of your passing. The importance of having a transfer on death document to simplify things on your bank accounts.

Tweetable Quotes: “Without a will, simple things become very complicated.”- Radon Stancil “A power of attorney is being appointed to be your agent; someone that’s going to make decisions on your behalf in the case that you’re not able to.”- Murs Tariq

Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit https://pomwealth.net/3-keys-to-secure-your-retirementlp/ (POMWealth.net/podcast.)

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Why would cash be able to beat other types of investments? When dealing with a volatile market like we’re currently experiencing, cash can become an important asset class. Going to cash means selling investments and putting the money on temporary hold as you evaluate the markets. It’s basically a movement to a safety method as you evaluate the market, waiting to redeploy your money when the markets start looking good. In this episode of the Secure Your Retirement podcast, we explain the benefits of going to cash and share examples of when it has worked out for our clients. Listen in to learn why you shouldn’t be worried about not earning anything when sitting in cash because the purpose of it is to not lose money. In this episode, find out: The difference in the cash conversation between an active and a passive money manager. The meaning of going to cash and why it’s a movement to safety strategy. Cash is king when other assets are going down and cash remains neutral. The power of cash in protecting you from losing money even though you’re not earning. How we went into cash and then back into the money markets safely during the 2020 pandemic. The dates on the recent market volatility and our decision to go fully in cash. Our objective of buying when we see demand and selling when the demand goes away.

Tweetable Quotes: “You’re either risk-on, and you’re fully invested in the market, or you’re risk-off, and you’re fully in cash.”- Murs Tariq “If cash is neutral and it’s not going up or going down and if other assets are going down and cash is not, then cash is king.” - Radon Stancil

Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit https://pomwealth.net/3-keys-to-secure-your-retirementlp/ (POMWealth.net/podcast.)

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Did you know that you can legally and ethically avoid paying unnecessary taxes by working with the tax code? With tax planning, you can avoid tax risk. Tax preparation is about being reactive while tax planning is about being proactive all year round every single year. Tax planning years in advance when done correctly, can massively change how much you pay in taxes. In this episode of the Secure Your Retirement podcast, we talk about the benefits of tax planning in the long term as opposed to tax preparation. Listen in to learn how to pay less tax on your income after retirement if you make the same as before or even more. In this episode, find out: ● The benefits of tax planning and being proactive in the tax calendar year. ● The big difference between tax preparation and planning – being reactive vs. proactive. ● Minimize tax on social security benefits by planning to get the money into a tax-free scenario. ● Why do many people make the same amount of income in retirement and even more? ● The importance of putting all your money in pre-tax retirement assets like the IRAs and 401ks. ● The importance of Roth conversions as part of your long-term tax planning goal. ● Plan for your surviving spouse to ensure they aren’t paying more taxes than they’re supposed to. Tweetable Quotes: ● “In retirement, taxes can change the situation drastically in your favor as well as cost you a lot of money.” - Radon Stancil ● “Roth conversions are a big way to start thinking about this long-term tax planning goal.”- Murs Tariq Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit https://pomwealth.net/3-keys-to-secure-your-retirementlp/ (POMWealth.net/podcast.)

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Have you given thought to how you’d like to structure your retirement plan? How about a strategy that ensures you have both income and growth in retirement? The bucket strategy is a simple strategy that will give you peace of mind through your retirement. The goal for your retirement should be to have access to money, an income stream, and growth on your money. In this episode of the Secure Your Retirement podcast, we talk about the retirement bucket strategy and its peace of mind benefit. Listen in to learn how to separate the cash, income, and growth buckets and remove worries from your retirement plan. In this episode, find out: The 3 buckets that make up our peace of mind first retirement strategy. Having a liquid cash bucket – an existing and protected emergency or feel-good fund. The income bucket – is a paycheck you can rely upon every single month to cover your needs and wants. The growth bucket – a growing yet risky bucket and likely going to be in the stock market. Why the income bucket should be disconnected from any stock market fluctuations. How the peace of mind first retirement strategy removes any worry of the stock market fluctuations.

Tweetable Quotes: “The reason we can have some volatility in the growth bucket is because we know that our income is covered.”- Murs Tariq “When you retire, you want to make sure that you have the income coming in and you don’t want to worry about it.”- Radon Stancil

Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit https://pomwealth.net/3-keys-to-secure-your-retirementlp/ (POMWealth.net/podcast.)

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How conscious are you about what you eat? Your health is indeed your wealth; staying healthy is one of the best financial strategies you can have. Eating for health and wealth means eliminating sugar and bad ingredients from your diet and choosing to eat whole plant-based foods. In this episode of the Secure Your Retirement podcast, we have Lynne Bowman, author of the Brownies for Breakfast book. Listen in to learn the benefits of eating and sleeping to give your body time to clean and heal itself. In this episode, find out: ● Why staying healthy is one of the best financial strategies you can have. ● How to be conscious about the food you eat to keep your finances and live a longer life. ● The influence of a community on the way you eat and how healthy you live. ● How to radically improve your health by eating and sleeping to give your body time to clean itself. ● The importance of eating whole foods, plant-based foods, and well-sourced meat for better health. ● Why eliminating sugar and bad ingredients in your diet can reduce food addictions. ● How to substitute a good diet with moving your body with less strenuous exercises. Tweetable Quotes: ● “Staying healthy is one of the best preventive financial strategies you can have.”- Lynne Bowman ● “The first thing you might consider doing to radically change your health is to stop eating all the time.”- Lynne Bowman Get in Touch with Lynne: ● Website:https://lynnebowman.com/ ( https://lynnebowman.com/) ● Book: Brownies for Breakfast by Lynne Bowman Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit https://pomwealth.net/3-keys-to-secure-your-retirementlp/ (POMWealth.net/podcast.)

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We understand that social security isn’t the most exciting topic to talk about or listen to, but some questions need answers. In this episode of the Secure Your Retirement podcast, we answer 3 major questions on social security over a glass of Rosé wine. We talk about social security benefits, taxes, and the right time to take social security. Listen in to learn why you need an individual financial plan that dictates the right time to take social security rather than waiting until age 70. In this episode, find out: ● How to know what your social security benefits will be through the ssa.gov website. ● The process of applying for social security once you know when to take it. ● Understanding how spousal benefits work in social security. ● The current youngest age that you can take your social security benefits. ● The things to consider when taking social security early to avoid penalties. ● The importance of having an advisor to help you think through the tax side of social security. ● Why it is subjective when it comes to the right time to take your social security. Tweetable Quotes: ● “When you know when you want to apply for social security, you want to apply 3 months before.”- Murs Tariq ● “If you’re taking social security, don’t think that it’s tax-free and you want to make sure that you run an analysis and you’re working with an advisor to help you think through tax.”- Radon Stancil Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit https://pomwealth.net/3-keys-to-secure-your-retirementlp/ (POMWealth.net/podcast.)

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Are you aware of the things you can opt-in or not when it comes to your Medicare plan? It is important that you get enrolled in Medicare 3 months before turning 65 to avoid any delays caused by the existing backlog. When it comes to Medicare, there’s part A which covers everything that happens in the hospital, and part B, which covers anything outside the hospital. In this episode of the Secure Your Retirement podcast, we have Roderick Spann, a senior insurance specialist, talk about the 5 Medicare mistakes to avoid. Listen in to learn about the different parts of Medicare and the packages you can opt for. In this episode, find out: Understanding the Medicare initial enrolment period and why it’s important. Understanding Medicare part B – insurance that covers anything outside the hospital. Part D – the importance of analyzing your prescription drug coverage. The original Medicare, what it covers, and the importance of having a Medicare supplement. The difference between a Medicare Advantage plan and a Medicare supplement. The benefits of comparing and understanding your retiree package plan and the Medicare plan. Speak to a professional to give you unbiased advice tailored to your specific Medicare needs. The process of getting enrolled into Medicare right before your 65th birthday.

Tweetable Quotes: “Original Medicare only covers 80% of your medically necessary services.”- Roderick Spann “Medicare is not one size fits all; a prescription plan that works for one person in one state or one specific zip code may not work for another person.”- Roderick Spann

Get in Touch with Roderick: LinkedIn:https://www.linkedin.com/in/roderickspann/ ( https://www.linkedin.com/in/roderickspann/)

Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit https://pomwealth.net/3-keys-to-secure-your-retirementlp/ (POMWealth.net/podcast.)

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Have you heard of the 60/40 portfolio? This means that 60% of your investment money goes into stocks, and 40% goes into bonds. This is fast changing in today’s world of high-interest rates, and the bond market is increasingly becoming hard. But how about a bond alternative? In this episode of the Secure Your Retirement podcast, we talk about the changing world of bonds and the importance of bond alternatives. Listen in to learn why a bond alternative is supposed to provide the same goal as a bond, which is to lower risk and provide income. In this episode, find out: ● The 60/40 portfolio and how it protects you from stock market volatility. ● How the high-interest rates are affecting the bond market negatively. ● A bond alternative is supposed to fulfill the same goal the bond was going to fulfill. ● Why fixed index annuities provide an excellent bond alternative. ● How we come up with a long-term bond alternative plan that’s safe, reliable, and not volatile. ● Bonds are not evil, but it’s important you think about bond alternatives. Tweetable Quotes: ● “When interest rates go up, that affects bonds negatively.”- Radon Stancil ● “Everything about investing is purely about how you understand it, perceive it, and what your expectations are.”- Murs Tariq Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit https://pomwealth.net/3-keys-to-secure-your-retirementlp/ (POMWealth.net/podcast.)

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Have you ever thought of investing in real estate outside of the US market, specifically in Panama? What if you learned that it’s a booming real estate market that’s only getting better? Investing in Panama can be easy, affordable, and suitable for anyone planning to relocate to Panama or add to their real estate portfolio. In this episode of the Secure Your Retirement podcast, we have Evie Brooks, an elite Real Estate Investment Educator, entrepreneur, and former Advanced Trainer for “Rich Dad Poor Dad”, who now specializes in Panama real estate for expatriates. Listen in to learn why you need to invest in international investing education to avoid losing money to scammers. In this episode, find out: Evie on her career in real estate investing and her passion for educating on the subject. Why she ended up in Panama for real estate investing and why it’s a good investing market. The healthcare situation in Panama and why it’s way more affordable than the US. How to invest in real estate projects in Panama and become an expert in the field. How Evie and her team make investing in Panama easier for international investors. Why you need education before investing internationally to avoid losing money to scammers. The types of lifestyles to consider in Panama if you’re considering relocating.

Tweetable Quotes: “Being able to invest in Panama is simple if you know where to go and who to contact.”- Evie Brooks “Do it the right way and you won’t spend near what you would lose if you try to figure investing in Panama on your own.”- Evie Brooks

Get in Touch with Evie: Website:https://eviebrookspanama.com/ ( https://eviebrookspanama.com/) LinkedIn:https://www.linkedin.com/in/eviespeaks/ ( https://www.linkedin.com/in/eviespeaks/)

Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit https://pomwealth.net/3-keys-to-secure-your-retirementlp/ (POMWealth.net/podcast.)

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What are your burning questions about your retirement planning and the market volatility of 2022? We’re experiencing a high inflation rate in 2022 as we try to recover from the 2020 pandemic damage and other factors. How does this situation affect your retirement portfolio? What should you do or not do? In this episode of the Secure Your Retirement podcast, we answer 3 questions on investing in 2022. Listen in to learn why there’s a time to be invested and a time to be on the sidelines during market volatility periods like 2022. In this episode, find out: ● Why the current inflation rate shouldn’t affect your long-term retirement plan. ● Why your retirement plan needs to be actively managed and run on average inflation rates. ● A retirement plan shouldn’t change due to a good or bad inflation year. ● Why market volatility shouldn’t be a reason to get your investment out of the market. ● No demand and too much supply should encourage you to get your investment out of the market. ● Get a professional to help you figure out when to get in or out of the market. ● Why you have to be very careful when looking into bond investments right now. ● How bond alternatives give your investment safety but limited liquidity. Tweetable Quotes: ● “We shouldn’t change the whole plan over a bad or good year when it comes to inflation.”- Radon Stancil ● “As interest rates go up, it’s going to impact bonds negatively and we’re seeing that right now.”- Murs Tariq Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit https://pomwealth.net/3-keys-to-secure-your-retirementlp/ (POMWealth.net/podcast.)

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Are you torn between investing in a mutual fund or an ETF? Both mutual funds and exchange-traded funds (ETFs) are alike in many ways but also have a few differences. They both make investing very easy and represent diversification. In this episode of the Secure Your Retirement podcast, we talk about the differences between a mutual fund and an ETF. Listen in to learn why ETFs are more efficient and low-cost as compared to mutual funds and are suitable for anyone looking to be actively managed. In this episode, find out: Defining a mutual fund – a fund with a purpose that can represent multiple stocks. How a mutual fund operates on an “end of day pricing” during purchase and sale. How an ETF operates the same way as an individual stock and can be sold or bought at any moment of the day. The actively managed advantage that both mutual funds and ETFs offer. A mutual fund has a higher expense ratio compared to an ETF which is more efficiently managed. An ETF enables you to get in and out of the market without having to wait for the market to close.

Tweetable Quotes: “A mutual fund is designed as a company that is there to make a profit, and so it’s going to have a manager, a team under the manager, and all the overhead that it takes to manage it.”- Murs Tariq “There’s no way to invest for free; you’re always going to have some fees in whatever investment you choose.”- Murs Tariq “If you’re trying to decide between a mutual fund and an ETF, it’s worthy to try to figure out how each works.”- Radon Stancil

Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit https://pomwealth.net/3-keys-to-secure-your-retirementlp/ (POMWealth.net/podcast.)

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When it comes to assisted care living, there are other alternatives much better and more affordable than the big facilities. The adult family care home is an affordable form of assisted living, where the homeowner lives with their residents and offers them a more personalized type of care. It is also a great venture to start as part of your retirement plan to help you gain financial stability. In this episode of the Secure Your Retirement podcast, we have Marcia Miller, owner/CEO of the Serenity Adult Family Care Home, a 5-bed residential assisted living facility. She’s also the founder of the Spill the Beans Institute, where she helps people learn how to care for their loved ones at home. Listen in to learn how starting an adult family care home can help you gain financial stability while providing quality care for your loved ones. In this episode, find out: Why private caregiving homes should be considered as a viable option. The one-on-one experience that the adult family care home provides as opposed to the big assisted living facilities. How you can gain the skills to care for your loved ones at home and gain some financial stability while at it. How being a caregiver can help you plan for your retirement. How a good health assessment is used to determine if a client is eligible for an adult family care home. How to find an adult family care home for your loved one if you’re in Florida. The importance of preparing and planning for assisted living at any age as part of your retirement.

Tweetable Quotes: “The adult family care home is where the owner lives with the residents.”- Marcia Miller “The adult family care home price points are way less than say a nursing home, and you get to give your loved one a person-centered care that they truly need and deserve.”- Marcia Miller

Get in Touch with Marcia: LinkedIn:https://www.linkedin.com/in/marcia-miller-927b80166/ ( https://www.linkedin.com/in/marcia-miller-927b80166/) Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit https://pomwealth.net/3-keys-to-secure-your-retirementlp/ (POMWealth.net/podcast.)

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The threat is increasingly becoming bigger where cyber security is concerned. How do you protect your money, your business, and or your customers from cyber frauds and identity thefts? When improving cybersecurity tools in your business, you have to do it efficiently to avoid friction and abandon rates with your customers. In this episode of the Secure Your Retirement podcast, we have Jaime Ramirez, CEO & Founder of Preventor, a risk and identity management platform. Listen in to learn the importance of staying prepared and protected from any possible cybercrimes. In this episode, find out: Jamie’s background in cybersecurity and how he’s helping businesses protect themselves. Understanding how to protect your business from fraud and who you’re working with to help you do so. Some of the best practices to protect a client from cyber frauds and identity thefts. How to efficiently avoid friction and abandonment rate with your customers when improving your business’s cybersecurity. The creative ways that cyber offenders are using to steal money and other things from businesses.

Tweetable Quotes: “What you’re looking for is how to use those tools in your business and how to automate what you’re doing in an efficient way to protect your business without having friction or high abandon rate with your customers.”- Jaime Ramirez “We want to stay as vigilant as possible in these tough times of all these different things that are going on with hacking, technology, and security breaches.”- Murs Tariq

Get in Touch with Jaime: Website:https://www.preventor.com/ ( https://www.preventor.com/) LinkedIn:https://www.linkedin.com/in/jaimeramirez-/ ( https://www.linkedin.com/in/jaimeramirez-/)

Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit https://pomwealth.net/3-keys-to-secure-your-retirementlp/ (POMWealth.net/podcast.)

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Do you have retirement questions that you’d like us to answer over a glass of wine? In this episode of the Secure Your Retirement podcast, we answer five common questions that we get over a glass of St. Innocent Crémant d'Innocent wine. We cover questions on saving for retirement, when to take social security, risk exposure, annuities for retirement, and how taxes affect your retirement. Listen in to learn why some of these situations really depend on your specific situation and should be handled individually. In this episode, find out: Factors that go into how much you need to save for your retirement plan and why it’s all relative. Why you need to look at your specific situation on when to take your social security. Always be thinking about your risk exposure when planning/managing your retirement. The questions you need to ask yourself about risk exposure when investing. Three reasons why you would look into an annuity for your retirement. When an annuity can be a good option to consider. How taxes affect your retirement plan and what you can do proactively.

Tweetable Quotes: “You should always be thinking about your risk exposure.”- Murs Tariq “If you need lifetime income like a pension, then an annuity could be an option.”- Radon Stancil Below are the links to all of the podcast episodes on the Annuity series. https://pomwealth.net/podcast/ep-26-annuities-why-ever-use-them/ (Annuities – Why Ever Use Them – Part 1) https://pomwealth.net/podcast/ep-30-annuities-why-ever-use-them-part-2/ (Annuities – Why Ever Use Them – Part 2) https://pomwealth.net/podcast/ep-34-annuities-why-ever-use-them-part-3/ (Annuities – Why Ever Use Them – Part 3) https://pomwealth.net/podcast/ep-38-annuities-why-ever-use-them-part-4/ (Annuities – Why Ever Use Them – Part 4) https://pomwealth.net/podcast/ep-42-annuities-why-ever-use-them-part-5/ (Annuities – Why Ever Use Them – Part 5) https://pomwealth.net/podcast/ep-46-annuities-why-ever-use-them-part-6/ (Annuities – Why Ever Use Them – Part 6) https://pomwealth.net/podcast/ep-50-annuities-why-ever-use-them-part-7/ (Annuities – Why Ever Use Them – Part 7) https://pomwealth.net/podcast/ep-54-annuities-portfolio-implementation/ (Annuities – Why Ever Use Them – Part 8) Here is the link to the Annuity video blog posts. https://pomwealth.net/blog/page/10/ (Click here to view the blog posts associated with the Annuity episodes) Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit https://pomwealth.net/3-keys-to-secure-your-retirementlp/ (POMWealth.net/podcast.)

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Have you thought of having a risk-adjusted portfolio? A good risk-adjusted portfolio protects you from a significant market risk like a sudden pandemic. There are traditional ways of adjusting a portfolio to risk, but even those don’t work sometimes. If you want to adopt a risk-adjusted portfolio, do the research, think of what works best for you, and then have a conversation with your financial advisor. In this episode of the Secure Your Retirement podcast, we talk about a risk-adjusted portfolio and why it’s better to do it with the supply and demand method instead of asset allocation. Listen in to learn how to adjust your portfolio risk using the bond alternative. In this episode, find out: ● The factors that determine an individual risk-adjusted portfolio. ● Understanding asset allocation and why the typical methods of it can be risky too. ● Understanding the year-to-date and max drawdown returns. ● How to do a risk-adjusted portfolio with supply and demand instead of asset allocation. ● Safe growth – transferring of a down in the market over to the insurance company. ● How to adjust your portfolio risk using the bond alternative. Tweetable Quotes: ● “As a person gets closer to and gets into retirement; risks can change.”- Radon Stancil ● “After being a wreck, you’re the safest you could ever be.”- Radon Stancil ● “Some are comfortable with the concept of just doing a 60/40 asset allocation, and some are not and we have to think a little bit differently.” - Murs Tariq Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit https://pomwealth.net/3-keys-to-secure-your-retirementlp/ (POMWealth.net/podcast.)

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What does your legacy mean to you? How do you want to approach designing your legacy to be impactful? Having a legacy means knowing yourself and being true to who you are beyond the career you’ve had. It’s important to have the right coaching to help you answer powerful questions and complete assignments to design your legacy. In this episode of the Secure Your Retirement podcast, we have Angelina Carlton, a legacy planner helping leaders struggling with planning their personal legacy. Listen in to learn why designing your legacy requires courage and perseverance. In this episode, find out: · How Angelina came up with the idea of legacy coaching after years of being in commercial real estate. · Understanding your guiding principles and knowing yourself better to pursue your legacy. · Why legacy is about getting to know who you are beyond who you were in your career. · How powerful questioning and assignments in coaching allow people to find their legacy. · The importance of knowing yourself to achieve freedom, fulfillment, and satisfaction in your legacy. · Having the courage and the willingness to persevere towards your legacy. · Understand what legacy means to you and get the coaching that will help you get there. · How to get in touch with Angelina and the steps to her coaching to help you design your legacy. Tweetable Quotes: · “Legacy has a lot to do with integrity, being true to ourselves when we’re in this lifetime.”- Angelina Carlton · “A legacy is for those who are willing to persevere; it is a courageous journey to want to know yourself.”- Angelina Carlton Get in Touch with Angelina: · Website: https://www.angelinacarleton.com/ (https://www.angelinacarleton.com/) · LinkedIn: https://www.linkedin.com/in/angelinacarleton/ (https://www.linkedin.com/in/angelinacarleton/) Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit https://pomwealth.net/3-keys-to-secure-your-retirementlp/ (POMWealth.net/podcast.)

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Are you having issues with your digestive system as you grow older? Or maybe you just want to have a better digestive system? In this episode of the Secure Your Retirement podcast, we have Norm Robillard, founder of Digestive Health Institute, gut health expert, microbiologist, and the creator of the Fast Tract Diet. We talk about gut health and the components and benefits of Norm’s Fast Tract Diet program. Listen in to learn why as you get older, you should adopt a high-fat high protein diet as opposed to a high carb diet. In this episode, find out: ● Norm explains his background in gut health and how he started the Digestive Health Institute. ● How he created the Fast Tract Diet by researching the easier and harder to digest carbohydrates. ● Why people over 65 years should consume more fats and proteins over carbs. ● Have foods with a few numbers of grams of fermentable carbs. ● The potential underlying or contributing factors that can affect your gut. ● The behaviors and practices that you can adopt to improve how well you digest food. ● What to do and not to do when it comes to digestive supplements. ● Resources to learn more about the Fast Tract Diet. Tweetable Quotes: ● “In the US, diabetes, prediabetes, and metabolic disorders are huge, potentially impacting 50% of the population.”- Norm Robillard ● “Carbohydrate’s intolerance metabolically and from a digestive standpoint is such a big problem.”- Norm Robillard ● “There are a lot of behaviors and practices that you can adopt that will improve how well you digest foods.”- Norm Robillard Get in Touch with Norm: ● Website:https://digestivehealthinstitute.org/ ( https://digestivehealthinstitute.org/) ● LinkedIn:https://www.linkedin.com/in/norm-robillard-ph-d-9453565/ ( https://www.linkedin.com/in/norm-robillard-ph-d-9453565/) Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit https://pomwealth.net/3-keys-to-secure-your-retirementlp/ (POMWealth.net/podcast.)

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If you want to start securing your retirement, then it is time to be aware of the types of retirement planning options available for you. In this episode of the Secure Your Retirement podcast, we talk about retirement planning options and our strategy at POM over a glass of Brickyard Wine. We explain the three types of financial advisors and what they offer. Listen in to learn more about our comprehensive retirement planning strategy and why we believe it’s beneficial. In this episode, find out: ● The type of financial advisor that helps you as just an investment manager. ● The type of financial advisor that helps you create a financial plan but not necessarily how to implement it. ● The one-stop-shop financial advisor – creates and helps you implement a financial plan. ● Our comprehensive retirement planning – investment strategy, income planning, taxes, and estate planning. ● How we built a foundation to establish if retirement is possible while looking into the different scenarios that might occur. ● How we developed relationships with CPAs to provide tax strategies to our clients. ● Mur’s on his experience working for POM for 10 years and the benefits of the continued growth. ● How we continue to evolve through growth and putting out education. Tweetable Quotes: ● “We have a structure to do all things in one particular place where a person doesn’t have to go to multiple locations.”- Radon Stancil ● “If you don’t continue learning or adding services, then eventually you’re going to be left behind.”- Murs Tariq Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit https://pomwealth.net/3-keys-to-secure-your-retirementlp/ (POMWealth.net/podcast.)

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Are you aware of the tax situation for 2022? Things have changed when it comes to tax as they do every year and 2022 is no exception. It is important to have information on what you can do and how you’ll be impacted as you proceed to make your financial goals for 2022. In this episode of the Secure Your Retirement podcast, we talk about the 2022 tax changes to help guide you to better financial goals. We discuss ordinary tax, long-term capital gains, Medicare, social security, and some other things about tax that you need to know for 2022. In this episode, find out: ● The expected changes on the ordinary tax situation according to your tax bracket. ● A tiered tax system – understanding the adjusted gross income and how to calculate your effective tax rate. ● Understanding why tax rates will go up in the near future as you plan and strategize. ● The changes in standard deductions and how they will affect your income in 2022 as a single or married earner. ● How your salary deferred retirement plans will be tax impacted. ● The capital gains tax changes and why it’s advantageous to have a long-term capital gain plan. ● Why social security is taxable, and to what degree of income it’s taxable. ● The expected increases on your Medicare Premium Part B in 2022. ● How income outside of your social security will lead to a penalty or reduced benefits. ● How you can contribute to a Roth IRA in 2022 and why you should. Tweetable Quotes: ● “The long-term and short-term thing does not apply at all in the ordinary income tax.”- Radon Stancil ● “There are limitations as to how much income you can make if you take social security early.”- Murs Tariq Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit https://pomwealth.net/3-keys-to-secure-your-retirementlp/ (POMWealth.net/podcast.)

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How will the economy be impacted now that 2022 is here? Covid rates are finally going down and the pandemic is slowly becoming a thing of the past, but how will that impact our economy? The US is continuing to reopen and even though we’re still experiencing the aftermath of the pandemic- the inflation rates and the markets are getting back to how they’ve historically been. In this episode of the Secure Your Retirement podcast, we have Andrew Opdyke, a Certified Financial Advisor, Economist at First Trust Advisor. He explains how the 2022 midterm elections are likely going to affect our economy in terms of tax hikes and the stimulus. In this episode, find out: The positives witnessed in 2021 – the Covid and market situation and what to expect in 2022. The expected supply chain progressiveness, which might move the inflation rate later in the year. How policy changes and the political climate will likely impact our economy in 2022. Why the market is getting tougher and how that will affect the S and P companies. Expect the markets to look more like they have historically and not at the same pace they have over the last 2-3 years. What the feds need to do to avoid significant market volatility in 2022 and possibly 2023. Andrew’s surprise of 2021 on how well companies performed and technological progress. Why he’s excited to get back to fundamentals in 2022, and a possible industrial breakthrough.

Tweetable Quotes: “Politics is going to play a big role this year on whether or not we get tax hikes and additional stimulus coming into the system.”- Andrew Opdyke “We should reset expectations for 2022 and expect the markets to look more like they have historically, high single digits into low double digits for market growth.”- Andrew Opdyke

Get in Touch with Andrew: LinkedIn:https://www.linkedin.com/in/andrewopdyke/ ( https://www.linkedin.com/in/andrewopdyke/) Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit https://pomwealth.net/3-keys-to-secure-your-retirementlp/ (POMWealth.net/podcast.)

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Are you wondering what you can do now at the beginning of this year to prevent you from scrambling at the end of it? Whether you’re in the retirement or accumulation phase of your life, it is important that you have goals for the new year. Writing down your goals increases your chances of achieving them. In this episode of the Secure Your Retirement podcast, we talk about your 2022 financial goals to help you maintain an active retirement plan. We cover why topics on cash flow, emergency funds, taxes, and debt should be considered as part of your 2022 issues to look into. In this episode, find out: ● Take a moment and write down the top 3-5 goals you have this year. ● Consider how your goals will affect others even as you think of how they’ll affect you. ● Set attainable short-term goals not to overwhelm yourself. ● Documenting your goals makes it easier to hold yourself accountable and accomplish them. ● The things to think about to get your cash in order when you’re in the accumulation phase. ● The strategies to consider with your RMDs and QCDs as a way of managing your cash flow. ● Reevaluate your emergency fund when it overgrows and invest in an earning account. ● Review your risk tolerance and understand that you can become more or less risky at any moment. ● Take advantage of the current low tax environment and look into mortgage refinancing. ● Come up with a plan to attack any debt you have unless it’s a mortgage. ● Plan and be ready to file your taxes in April on the normal tax date. ● Review your estate plan and ensure you have a power of attorney and healthcare power of attorney in place. Tweetable Quotes: ● “Really understand what your risk tolerance is and realize that it can change, you can become riskier and you can become less risky.”- Radon Stancil ● “You never want to miss an RMD; there’s a significant penalty for missing an RMD, so if you’re above age 72, think about your RMD.”- Murs Tariq Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit https://pomwealth.net/3-keys-to-secure-your-retirementlp/ (POMWealth.net/podcast.)

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Are you a teenager with the goal of achieving financial and time freedom before the retirement age? Or maybe you’d like for your teenager to consider following this path? There are different paths that young people can learn about and adopt to build their financial future without following the traditional “9 to 5 then retire” path. Dan explains how teens can start getting involved with finances early to build a financially free future as is written in his book. In this episode of the Secure Your Retirement podcast, we have Dan Sheeks, a high school teacher well-known in personal finance and author of First to a Million: A Teenager's Guide to Achieving Early Financial Independence. We cover how financial freedom can lead to time freedom that allows you to decide where you want to spend your time doing what you want. In this episode, find out: Why Dan wrote a book to help young people make better financial decisions and set themselves up for a bright financial future. The F.I.R.E Movement (Financial Independence Retire Early) – how to be financially free before the retirement age. The few things you can do as a parent to motivate your teenager to actively think about their financial future. The value of adding your teen onto your existing credit cards as an authorized user to build their credit while you oversee their spending. How 18 and over teens can grow their credit through responsible credit card use. How the First to a Million book and workbook opens teenagers up to different life and financial paths as opposed to the traditional ones. Dan’s online community connects teens to other financially like-minded young people.

Tweetable Quotes: “You can’t make a young person want to learn about money and their financial future.”- Dan Sheeks “As parents, we should be adding our teenagers onto our existing credit cards as an authorized user.”-Dan Sheeks “There’s no loophole or shortcut to building the length of credit history- that just takes time.”- Dan Sheeks

Get the Book or Join the Community: The Books:http://biggerpockets.com/teen ( http://biggerpockets.com/teen) The community:https://www.sheeksfreaks.com/ ( https://www.sheeksfreaks.com/)

Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit https://pomwealth.net/3-keys-to-secure-your-retirementlp/ (POMWealth.net/podcast.)

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Is long-term care something you’re thinking about or a conversation you’re having with your loved ones? It is important that you know all the risks involved and the options you have when it comes to long-term care. You have to keep in mind that long-term care, be it nursing homes or assisted care living is very expensive. In this episode of the Secure Your Retirement podcast, we talk about long-term care as part of your retirement financial plan. We cover your options from self-insuring to traditional long-term care insurance and the best viable one for you. In this episode, find out: The big ANNOUNCEMENT on continuing to offer you value. The long-term questions you need to understand options for. Understanding how the basic numbers are, for nursing homes and assisted care living. Self-insure – funding your long-term care and taking life insurance so you don’t take away from your children. Traditional long-term care insurance – why most people are not looking into it plus some hybrid policies options you can look into. The process we use to help clients have the long-term care conversation and the potential risks.

Tweetable Quotes: “It’s really optimal if you’re paying life insurance premium because in reality, if you’re going to leave money behind, it’s actually the greatest way to leave money behind because the beneficiaries get all of the death benefit 100% tax-free.”- Radon Stancil “What we’re doing in our plans in every situation is all based on your numbers, goals, and scenarios.”- Murs Tariq

Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit https://pomwealth.net/3-keys-to-secure-your-retirementlp/ (POMWealth.net/podcast.)

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What were your favorite moments or highlights of the Secure Your Retirement Podcast in 2021? Whatever episode(s) you liked better, we hope it was informational and fun for you. In this episode of the Secure Your Retirement podcast, we have Laura, Nick Hemmingsen, and Morgan Dunn to share what their 2021-episode highlights were over a glass of La Marco Prosecco wine. Listen in to learn more about our favorite episodes, why we liked them the most, and why you should go back and listen if you haven’t already. In this episode, find out: Ep. 35 – Andrea Groon on the impact of your diet on your physical and mental health. Ep. 80 – The take and risks to consider when going for cryptocurrency investing. Ep. 39& 71 – Learning art and retirement, plus some grilling lessons from the grill like a chef episode. Ep. 26 + a few more on the breakdown on annuities to help you understand the subject. Ep. 17& 19 – reverse mortgages plus buy & hold. Ep. 129 – the concept of CCRC, how they work, and why the conversation is important. Ep. 97& 86 – information on social security and life insurance. Why do we focus on the fun side of retirement on top of the “boring stuff”.

Tweetable Quotes: “You can invest in cryptocurrency if you’re willing to lose it; you just have to be willing to lose it.”- Radon Stancil “Start the CCRC conversations right now so when it comes to that time you already know what everybody wish is, and how to carry things out.”- Morgan Dunn

Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit https://pomwealth.net/3-keys-to-secure-your-retirementlp/ (POMWealth.net/podcast.)

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If you’re considering retiring before the Medicare age of 65, there are a few things you need to know. When thinking of early retirement, it is important that you consult a financial professional to help you put together a spreadsheet on the factors to consider. In this episode of the Secure Your Retirement podcast, we talk about retirement before Medicare and the factors to consider before doing so. Listen in to learn when it’s beneficial to wait for age 70 to take your social security and when it’s not. In this episode, find out: ● Understanding what it means by saying retirement before Medicare. ● The factors to consider when it comes to your healthcare when you choose to retire before Medicare. ● The difference between doing calculations on your own versus using a professional. ● When you’re eligible to take your social security and whether or not you should wait to take it. ● Don’t try to create a spreadsheet alone and instead consult professionals like us to help you make it easier. Tweetable Quotes: ● “If you retire before 65, you’re not eligible for Medicare.”- Murs Tariq ● “When you’re doing this on your own sometimes, it’s hard to make those calculations.”- Radon Stancil Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit https://pomwealth.net/3-keys-to-secure-your-retirementlp/ (POMWealth.net/podcast.)

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Do you find the idea of creating an estate plan overwhelming and time-consuming? It is crucial that we make time with our spouses and have a conversation around estate planning because it’s about our children. We mostly spend our lives building wealth and preparing for retirement and forget to plan for when we’re not here, which is inevitable. In this episode of the Secure Your Retirement podcast, we have Andres Mazabel, a business development manager who helps families protect their loved ones by creating an estate plan. We cover the importance of an estate plan, the process of preparing and creating one, and much more. In this episode, find out: Why lack of education, high cost, and fear of conversations around death stop people from preparing an estate plan. Why you should make the selfless decision to create an estate plan. The most common documents you need to have in order to start creating your estate plan. The two most common situations when an estate plan is crucial. Andres explains how they provide education and help families through their estate planning journey. Keep in mind that you can always make changes to your estate plan when you need to. The meaning of an estate plan being state-specific plus how Andres keeps up with any language/law changes for his clients. Understanding when to look into updating your estate plan. The time and process it takes to input information and execute an estate plan.

Tweetable Quotes: “It is a heavy decision, a heavy conversation to have with your spouse, but do you want to make that decision, or do you want a judge at a court to make that decision?”- Andres Mazabel “At the end of the day, estate planning is about making it easier for your loved ones, not for you.”- Andres Mazabel “Your estate plan can evolve as your life changes.”- Andres Mazabel

Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit https://pomwealth.net/3-keys-to-secure-your-retirementlp/ (POMWealth.net/podcast.)

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As the new Covid variant “Omicron” starts to spread like wildfire, are you protected enough? Can you manage that bad news and still maintain your peace of mind? We often do the asset allocation/buy and hold strategy because that is what was introduced to us, and we don’t know any better. Achieving your peace of mind means that your investment’s risk is being actively managed at any point in the market using real data, and you’re not in danger of losing any significant amounts of money. In this episode of the Secure Your Retirement podcast, we talk about your peace of mind during a market fall and how you can achieve it by actively managing your assets. We also explain the difference between a data-driven investor and an emotional-driven investor. In this episode, find out: Our goal is not perfection, but your peace of mind, a decent rate of return, and for you to lose less money. The common buy and hold/asset allocation strategy and how it can be significantly affected by a market fall. How we actively manage the markets with good risk management. How we protect our clients against significant loss during a crisis by use of real data rather than our emotions. The feedback we got from our clients on how we handled their investments during last year’s market fall. For more information about peace of mind read our book Secure Your Retirement plus other resources.

Tweetable Quotes: “Our main goal is peace of mind and to make a decent rate of return and not lose significant amounts of money.”- Radon Stancil “Our clients and ourselves feel so comfortable with this active approach because we don’t have to know what’s going to happen tomorrow, we’re going to react based of what’s happening today.”- Murs Tariq

Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit https://pomwealth.net/3-keys-to-secure-your-retirementlp/ (POMWealth.net/podcast.)

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Did you know that you might end up spending more on taxes after retirement due to a lack of proper tax preparing and planning strategy? It is important that you proactively do tax preparation outside of the tax deadline and plan your taxes as part of your retirement planning. In this episode of the Secure Your Retirement podcast, we have Steven Jarvis, a CPA, owner of Retirement Tax Services, host of the Retirement Tax Podcast, and is very knowledgeable in tax planning. We cover the topics of Roth conversions and tax rates going up in 2022 and how you can navigate that with the help of a financial advisor. In this episode, find out: ● The disadvantages of using tax software when it comes to complex tax planning. ● What a lot of people think about taxes and how tax preparation and planning can help you get tax benefits. ● Things to look into outside of the tax deadline to proactively and impactfully plan tax. ● Steven explains how he approaches the topic of Roth conversions and tax rates going up. ● The value of proactively finding ways to take away the IRS’s ability to change the rate on your tax-deferred money. ● Understanding the proposed tax changes that might happen come 2022. ● Steven on how he partners with financial advisors to help taxpayers do tax preparing and planning. Tweetable Quotes: ● “If tax rates don’t change, it doesn’t matter if you do tax-deferred or Roth, the math works the same.”- Steven Jarvis ● “The tax code is written in pencil; congress can change it any time they want.”- Steven Jarvis Get in Touch with Steven: ● Website:https://retirementtaxservices.com/ ( https://retirementtaxservices.com/) ● LinkedIn:https://www.linkedin.com/in/steven-jarvis-cpa-ba91aa23/ ( https://www.linkedin.com/in/steven-jarvis-cpa-ba91aa23/) Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit https://pomwealth.net/3-keys-to-secure-your-retirementlp/ (POMWealth.net/podcast.)

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Jerome Powell is known to be a proponent of printing money. And as debates on him heading the Federal Reserve come to the surface, you might, as investors, find it easy to be wooed by headlines and make your financial decisions out of emotions (and break away from the numbers game). In this episode of the Secure Your Retirement podcast, we discuss why investing out of emotions could be a bad idea and why instead, you need to go by the numbers and experience when evaluating the financial market. We also resolve your conflicts on the state of the economy if Jerome Powell becomes the Federal Chairman for the upcoming four years (in short, we'd say it really shouldn't matter to you as an investor) and how to secure your investment against any possible inflation (if it may). In this episode, find out: Two aspects of your finance that need to be actively managed right now to secure your retirement: Your investments in the market and your overall retirement plans in the market. The three major categories of finances of the Federal Reserve: Equity, Stocks, and Cash. Why you need to keep your emotions away for effective investing and retirement planning Inflation and the Economy: Why the results of an election are mostly never an indication of how the financial markets will perform How the two of us separate the emotion from the reality of what's happening in the market Why shift is inevitable in the financial space: While during the pandemic, only large-cap companies like Amazon, Zoom, and technological companies were blooming, now, many small-cap and mid-cap companies have started to recover and thrive too.

Tweetable Quotes: ● "For the people that believe printing money is going to produce a good return in the market, that has a lot of people excited. Now, there's another side that says this idea of printing money is not good, long term. And it's going to create big time inflation."- Radon Stancil Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit https://pomwealth.net/3-keys-to-secure-your-retirementlp/ (POMWealth.net/podcast.)

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Would you like to have sustainable living standards after your retirement? Maybe it is high time you started social security planning. There are many things you should be thinking about when planning your retirement like; when you retire, the risk of the stock market, spending too much on housing later in life, and much more. Understanding social security and retirement planning from an economic point of view can help you raise your living standards without working more. In this episode of the Secure Your Retirement podcast, we have Laurence Kotlikoff, a professor of economics at Boston University, author, and has got a wealth of knowledge on social security/retirement planning. Listen in to learn the difference between social security and retirement planning and why the former should be taken after the latter. In this episode, find out: How Covid is going to shift in the coming months and why you should avoid the forthcoming inflation. How Lawrence got into social security planning and the products he offers on the same subject. Alternative paths to take to ensure you suspend your retirement payout until 70 years to get more value. Understanding the existing social security benefits and all that is attached to them. Things to be very careful about when it comes to your social security money. Why you should take your social security money second after your retirement money to adjust for risk. How to use your non-taxable money to pay off your debts and make retirement easier. Money Magic book – understanding the economic-financial planning for sustainable living standards plus other things. How to figure out ways to raise your living standards without working more or longer.

Tweetable Quotes: “Probably about 75% of people should wait until 70 to take their retirement and only about 6% are doing that.”- Laurence Kotlikoff “You could end up retired longer than you worked, so be very careful about when you retire.”- Laurence Kotlikoff

Get in Touch with Lawrence: Website:https://kotlikoff.net/ ( https://kotlikoff.net/)

Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit https://pomwealth.net/3-keys-to-secure-your-retirementlp/ (POMWealth.net/podcast.)

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Are you planning on setting up an effective giving strategy in your retirement plan?Whether you’re already a charitably inclined person or are considering setting up a giving strategy for your children or society at large, it’s essential to be aware of the process, timing, and tax benefits of venturing into it. In this episode of the Secure Your Retirement podcast, we talk about what you need to consider while setting up a successful charitable giving strategy and whether or not you should consider an annuity in your financial plan. We cover QCDs (Qualified Charitable Distributions), the tax advantages of charitable giving, donating a portion of your stocks to charity, and tips for effective retirement planning. In this episode, find out: ● What is meant by QCDs (Qualified Charitable Distributions) and how they help you make the most efficient use of money by providing a brilliant tax strategy. ● The advantages to charitable donations for 72+ -year-olds ● The lesser-known tax benefits of donating a portion of the stocks you hold to charity ● Why not to withhold taxes on the portion of the money you take from your IRA for QCDs ● Why you need to plan your charitable strategy well in advance to incorporate the processing time of the different parties involved (and how to do that effectively) Tweetable Quotes: ● “Don't wait till the last minute [to set up your charitable giving strategy], because there is some organizing that needs to happen. The earlier you think about it, the more you can think about how much you can do, or work with someone to figure out how much you can do if you're trying to do it on a regular basis.”- Radon Stancil ● “If you have a highly appreciated stock, which means if you sell it, you're going to pay capital gains tax on that. You may consider donating a portion of that stock or that stock to the charity, which would obviously not cause a taxable scenario for you as well.”- Radon Stancil ● “If you're already charitably inclined, big key things to remember is that you have to have it taken care of by the end of the year.”- Murs Tariq Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit https://pomwealth.net/3-keys-to-secure-your-retirementlp/ (POMWealth.net/podcast.)

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Have you already started the conversation about living through your retirement? If you’re 65 or approaching 65, it is time you start thinking and exploring the options available for you to live through your retirement. The CCRC is a care option for older people where you get to live in the same place but through three essential steps of care in your aging process. In this episode of the Secure Your Retirement podcast, we have Al McCleary, our client and friend who has successfully approached the CCRC process. Listen in to learn why it is crucial to start the conversations on your after retirement living and care early. In this episode, find out: The CCRC’s three essential steps of care; independent living, assisted living, and skilled nursing. The value of the CCRC Reference Guide in answering your CCRC detailed questions. Why you should start your CCRC process as early as possible, especially when approaching it as a couple. Al explains how he convinced his wife to consider CCRC as the best care. How to approach CCRC by doing the necessary research early and getting on a waiting list if you have to.

Tweetable Quotes: “When looking for CCRC; get on the waiting list, you don’t lose anything by doing that.”- Al McCleary Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit https://pomwealth.net/3-keys-to-secure-your-retirementlp/ (POMWealth.net/podcast.)

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Have you been considering purchasing an annuity as part of your financial retirement plan? An annuity is an insurance product that you buy from an insurance company and is very advantageous. When purchasing an annuity, it is important you evaluate the insurance company just like you would a financial advisor to determine its financial background for the safety of your money. In this episode of the Secure Your Retirement podcast, we talk about annuities, what they are, and their benefits for your retirement plan. We explain an annuity’s income benefits, bond alternative, and tax deferral advantages. In this episode, find out: Ensure you evaluate and choose a strong insurance company when purchasing an annuity. The legal reserve system – a regulatory safety mechanism that ensures your money with an insurance company is protected. The qualified and non-qualified money and how to understand your buckets in each and what makes the most sense to purchase an annuity. Why your after-tax money can make sense if put into an annuity for tax deferral. The tax benefits of purchasing an IRA annuity. How you can structure annuities to provide you a guaranteed income you can’t outlive. How to use the annuity as a bond alternative so you don’t worry about bond volatility. How to use an annuity to tax defer on non-IRA money and invest in the market very low. Understanding an income rider in annuity and its benefits to your retirement plan.

Tweetable Quotes: “We like working with stronger rated insurance companies that have some good financial background to them.”- Murs Tariq “There’s no reason in going to an insurance company in the very beginning that’s not already highly rated.”- Radon Stancil

Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit https://pomwealth.net/3-keys-to-secure-your-retirementlp/ (POMWealth.net/podcast.)

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Would you like to send your child or grandchild to college at a reduced cost or for free? There are ways to get a college education and remain debt-free, but we often don’t dig deep enough, or we’re too uninvolved with the college planning process. College planning is a process you should get involved with and early to be ready to receive that college debt-free education without eating into your retirement investment. The FAFSA form is one way to go if you want to get a reduced or free education. Listen in to learn about the strategy that helps students figure out the right careers to pursue in college In this episode, find out: ● How Shellee started College Ready after successfully planning her son’s debt-free college education. ● Why the 8th grade window is generally and financially the best time to focus on college planning. ● Plan for college early to get the right fit for your child academically, socially, or financially. ● The two major mistakes that parents make when it comes to their child’s college. ● Understanding the FAFSA form and the immense financial benefits it opens up for students. ● The reasons why you should complete the FAFSA form regardless of your current financial status. ● The importance of focusing on a college that is keen on valuing your student and paying for them. Tweetable Quotes: ● “The best time to get really focused on planning for college is when the student promotes from eighth grade.”- Shellee Howard ● “If you want any financial opportunity ones that your student earned, you have to complete the FAFSA form.” - Shellee Howard Get in Touch with Shellee: ● Website:https://collegereadyplan.com/ ( https://collegereadyplan.com/) ● Book: How to Send Your Student to College Without Losing Your Mind or Your Money Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit https://pomwealth.net/3-keys-to-secure-your-retirementlp/ (POMWealth.net/podcast.)

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Have you been asking yourself whether it is time to sell or buy? It is perfectly normal to be nervous about your money in the current market, which is a result of the 2020 global pandemic. It is important that you be very careful when making money decisions, especially if they’re not based on data. In this episode of the Secure Your Retirement podcast, we talk about the current market high and whether you should consider selling. We cover the buy and hold and active management investment philosophies and why you should think of the latter when buying or selling. In this episode, find out: ● The meaning of the market hitting new highs and why you shouldn’t overthink about the new highs. ● Don’t make investment decisions based on what you see in the news and instead follow data. ● The buy-and-hold investment philosophy and why it’s risky during a market up or down. ● Active management investment philosophy- when to shift from stock market to bonds to cash and vice versa. ● Take the emotions out of the investment equation and instead look at the data. ● Why you shouldn’t necessarily rush to sell based on your feelings and instead wait for the data. Tweetable Quotes: ● “Be careful when you read record highs; record high just means that the market has gotten higher than it’s ever been in the past.”- Radon Stancil ● “It’s the media’s job to make these stuff seem exciting while if you just take a step back and look at what’s going on, it’s ideal for the market to be hitting new highs.”- Murs Tariq ● “You don’t want to make a decision off of what’s going on in the news; you want to follow the data as much as possible.”- Murs Tariq Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit https://pomwealth.net/3-keys-to-secure-your-retirementlp/ (POMWealth.net/podcast.)

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Are you ready to reform your body using Pilates? Pilates is good for anyone of any age since it uses body weight and targets the smallest of muscles. Pilates creates a mind-body connection that helps you release tension and anxiety to be in the moment. To secure your retirement also means having a healthy mind and body so you can enjoy your retirement investment when the time comes. In this episode of the Secure Your Retirement podcast, we have Jennifer Pilates, an empathic intuitive advisor and coach empowering people through Pilates. We cover the health benefits of Pilates, variations to experiment, and the benefits of Virtual Pilate training. In this episode, find out: Jennifer on how a car accident led her to Pilates and how it changed her life. Beginner-friendly Pilates for anyone and their mind-body benefits. The rehabilitative nature of Pilates for injured or dormant joint muscles. Why Jennifer shifted from managing several Pilates studios to home boutique studios and virtual training. Jennifer defines the ideal Pilates clients plus the different Pilates variations you can experiment with. The benefits of virtual Pilate training vs. studio training in today’s world. She shares where to find her and the time you need to do Pilates to start feeling a difference.

Tweetable Quotes: “With Pilates, you’re working with your own body weight and your own strength so its virtually impossible to overdo it.”- Jennifer Pilates “If you’re looking to rehabilitate, to first experience Pilates and enjoy it, or to transform your body, the reformer is truly one hundred percent is the place to start.”- Jennifer Pilates

Get in Touch with Jennifer: Website:https://jenniferpilates.com/ ( https://jenniferpilates.com/) Instagram:https://www.instagram.com/thejenniferpilates/ ( https://www.instagram.com/thejenniferpilates/)

Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit https://pomwealth.net/3-keys-to-secure-your-retirementlp/ (POMWealth.net/podcast.)

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Do you have any strategies surrounding your Required Minimum Distributions (RMD)? Required Minimum Distributions (RMDs) references money in a tax-deferred vehicle like a 401k or the traditional IRAs. You need to think and plan for the Required Minimum Distributions as you will be required to start paying taxes when you get to age 72. In this episode of the Secure Your Retirement podcast, we talk about the RMDs and strategies to keep in mind when planning for them. We explain how to calculate your RMDs using the IRS life expectancy formula and why you should start planning as early as possible. In this episode, find out: Understanding RMDs tax benefits and how they apply to your pretax type account like IRAs. You can take your money out of the RMD on the year you turn 72 and before 12/31 of the same year. The IRS life expectancy formula to calculate your annual RMD. How you can defer your first-year income after you turn 72, and when it is advisable you do so. How to withdraw your RMD income from different IRAs. Avoid mistaking your RMD for the year to avoid the up to fifty percent penalty. How you can convert your RMD into a Roth prior to age 72 and increase your growth and income. Reinvest your money after taking it out of the IRA. Qualified Charitable Distribution (QCD) – how to specifically not pay taxes while giving money to charity. Have a plan as early as possible rather than delaying to the last minute.

Tweetable Quotes: “You don’t want to mistake your RMD for the year because that can result in a hefty penalty of up to fifty percent.”- Murs Tariq “You can take out your Required Minimum Distributions pay the tax, and then reinvest whatever is left over.”- Radon Stancil

Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit https://pomwealth.net/3-keys-to-secure-your-retirementlp/ (POMWealth.net/podcast.)

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How do you find a purpose and meaningful productivity after your retirement? We often place all of our identity in the work we do that we forget to focus on the third act of life, which is after retirement. If you want to continue making an impact and be productive after retirement, it is time you start focusing on the third act of your life. In this episode of the Secure Your Retirement podcast, we have Allan Milham, the founder of Questage, and a high-performance leadership strategist. Listen in to learn the importance of having an identity much bigger than your job and focus on other meaningful things. In this episode, find out: · Allan on how he got to the work of helping people establish their third act of life. · How the culture of putting all of our identity into work leads to loneliness in our third act of life. · How to reengineer your third act of life with purpose, productivity, and positivity. · Why organizations are being forced to create a learning and meaningful culture to cater to people. · Allan explains how they help people shift into their third act of life. · How he helps retirees establish a foundation and polish their legacy. · Allan on working with highly productive learners desiring to contribute beyond themselves. Tweetable Quote: · “We live 5-6 years longer if we have an optimistic orientation versus pessimistic.”- Allan Milham · “Leadership is way beyond just the day job; leadership matters greatly in the third act of life.”- Allan Milham Get in Touch with Allan: · Website: https://www.questage.com/ (https://www.questage.com/) · LinkedIn: https://www.linkedin.com/in/allanmilham/ (https://www.linkedin.com/in/allanmilham/) Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit https://pomwealth.net/3-keys-to-secure-your-retirementlp/ (POMWealth.net/podcast.)

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How will the suspected slightly higher 2021 inflation going to affect your retirement plan? Inflation is the increase of prices in an economy over time but with income remaining relatively the same. The 2020 pandemic disrupted the economy on so many levels including the increase in demand and decrease in supply. In this episode of the Secure Your Retirement podcast, we talk about inflation and how to protect your retirement plan from its impact. We also cover why you need to work with a financial professional to ensure your investment strategy is working well with the rising inflationary type of period. In this episode, find out: Understanding the meaning of inflation and how the 2020 decrease in supply led to inflation. When inflation is good for the economy and when it can negatively impact us. How high demand and low supply impacts inflation. Double-check your investment plan when it comes to the fixed income side of things. Have a good risk management plan for your portfolio. Think about what your guaranteed income is. Have a good spending plan – understand how you’re spending money. Sit down with a financial professional and talk through inflation to ensure you have a workable plan.

Tweetable Quotes: “We believe that good risk management is more important than trying to say you want to beat the market.”- Radon Stancil “Oftentimes, the longer-term investments just keep up with the pace of inflation.”- Murs Tariq

Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit https://pomwealth.net/3-keys-to-secure-your-retirementlp/ (POMWealth.net/podcast.)

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If your goal is to achieve financial freedom and save for your retirement, you need to start planning for it as early as now to avoid struggling in your later years. Securing your retirement also means finding your passion and living a joyous life on less money. To achieve financial freedom, you need to educate yourself on money and be intentional in taking action towards investing and passive income. In this episode of the Secure Your Retirement podcast, we have Myra Oliver, a hair stylist turned real estate investor and entrepreneur. Listen in to learn how being financially free allows you to focus on the most important parts of your life and not just work. In this episode, find out: When she realized she needed to be purposeful with her money. An entrepreneur’s advice that shaped the rest of Myra’s financial journey to becoming a millionaire. How she built a rental portfolio in over 10 years to get to financial freedom at 33. The journey of building a rental property portfolio from scratch. Down Home Money book – investing, passive income, and finding financial assistance. Start planning for your future so you don’t struggle. How to live a big life on less by finding your why and working on your passion. Stop wasting time on things or on people you don’t love, and rather follow what gives your life joy.

Tweetable Quotes: “Money is important; you have to have money to survive.”- Myra Oliver “It’s not how much money you make; it’s how much money you keep and what you do with it.”- Myra Oliver “Wherever you are in your life, you can change the trajectory of your future self through learning about money and taking some simple approaches in protecting your money and assets.”- Myra Oliver

Get in Touch with Myra: LinkedIn:https://www.linkedin.com/in/myra-oliver-83752a25/ ( https://www.linkedin.com/in/myra-oliver-83752a25/) Instagram:https://www.instagram.com/myrawoliver/ ( https://www.instagram.com/myrawoliver/)

Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit https://pomwealth.net/3-keys-to-secure-your-retirementlp/ (POMWealth.net/podcast.)

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Scamming is increasingly becoming more creative and more sophisticated than ever before. How then do you stay informed and protected from any possible scam? Even as you actively plan your retirement, it is important you stay informed and protected from scammers/fraudsters that can cause major damage to your retirement investment. In this episode of the Secure Your Retirement podcast, we talk about scamming in 2021 and share 4 tips on how you can protect yourself from scammers. We also cover a few ways you can take action to ensure you’re back to safety if a scam/fraud happens to you. In this episode, find out: · How scamming is getting creative and using names of big companies that you think you can trust. · Understand that the IRS will never call you, only write you. · Statistics on scam incidents in 2020/21 and the impact it has had. · How the pandemic opened more creative ways to get scammed. · Never click on a link in an email or text unless you’re expecting it. · Access your account through the business’s website or call them first before responding to a suspicious email. · Stop and take a minute if you get a call asking for financial information. · Have your credit cards and online transactions monitored for fraud alerts. · Immediately close or put a hold on your bank accounts from retailers you use. · Notify all three credit reporting agencies and put a freeze on your credit. · Change your password on all your accounts to stop the scammers. · Be vigilant and use your past scamming incidents as a lesson to move forward better. · Contact the authorities to get to the bottom of the issue. Tweetable Quotes: · “One of the reasons scammers are being so successful is that people are ashamed they’re actually being scammed.”- Radon Stancil · “Unfortunately, this is the world that we live in, the scammers are getting very creative, and it happens every single day.”- Murs Tariq Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit https://pomwealth.net/3-keys-to-secure-your-retirementlp/ (POMWealth.net/podcast.)

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How prepared are you for your retirement? As you get closer to retirement, it is important that you think about how things are going to pan out for you during that period. In this episode of the Secure Your Retirement podcast, we have Jay and Maureen Hartford to give a perspective on how to approach the retirement period. They describe what they did right and what they didn’t, and how being agile with their plan served them. Listen in to learn the importance of developing relationships and connections that you will continue interacting with after you retire. In this episode, find out: · Think of where you want to live and the lifestyle you want to live. · Be agile and flexible to any possible changes that might happen before/during your retirement period. · Why they decided to settle in Raleigh and not any other city in the country. · Why they started a consultant-type business after retirement for connection purposes. · They share their love for travel and exploring new places. · How it worked out for Jay to retire 12 years before Maureen did. · Think of the social networks you want to continue once you stop working. · Start engaging an estate attorney for your estate planning early on in your retirement journey. · Think of a certain healthcare document and your long-term healthcare insurance. · The importance of having retirement goals and plans written down. · How to prepare and have the hard and emotional conversations that surround the end of life. Tweetable Quotes: · “You better be prepared to change your plans, you better be agile, and you better think about things carefully as you go along because you’re probably going to want to adjust.”- Jay Hartford · “It helps if you write down your retirement goals and start planning for them.”- Maureen Hartford Book Mentioned: · Guide to the Great Beyond by Jane Brody Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit https://pomwealth.net/3-keys-to-secure-your-retirementlp/ (POMWealth.net/podcast.)

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You’re finally approaching retirement after years of building your retirement income. What do you have to do now that you have arrived at the summit of your retirement? In this episode of the Secure Your Retirement podcast, we talk about the four questions to consider helping shape your strategy for spending the retirement income you’ve worked a lifetime to build. We also cover the different approaches you should consider when it comes to a retirement plan investment. In this episode, find out: How long should I expect to live? Factors to be considered when planning retirement around your age. How much will the cost-of-living increase during my lifetime? Have a retirement financial plan that looks at inflation. When should I retire? Factors to consider when retiring early or later. Where should I place my assets? The 2 types of money that you need for your retirement plan.

Tweetable Quotes: “There’s a lot of unknowns when we get into retirement, and we can only plan for so much.”- Murs Tariq “Fixed annuities offer a good alternative to pay for income needs.”- Radon Stancil

Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit https://pomwealth.net/3-keys-to-secure-your-retirementlp/ (POMWealth.net/podcast.)

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Have you ever thought of franchising as something you can do after the age of 50? If you are not ready to retire yet, but you were downsized or no longer want to stay in the corporate world, franchising is something you can do to stay productive. It is important that you go through a consultant to guide you through the process of getting the right franchise for you. Did you know that you don’t necessarily need industry experience to be awarded a franchise? In this episode of the Secure Your Retirement podcast, we have Diane Pleuss, a passionate leader, and an experienced franchise consultant. We cover the skills and the step-by-step process you need to follow to become a franchise owner. In this episode, find out: ● Diane on how she serendipitously got into helping people fit into franchising. ● How she evaluates a person’s skills and goals to match them with their fitting franchise. ● The step-by-step process that a franchising company will take you before you’re awarded a franchise. ● Understanding the fees and funding you need, to be awarded a franchise. ● Why you need entrepreneurial skills and not industry experience to be awarded a franchise. ● The benefits of the support and training programs offered by franchise companies. ● Why you need to smartly work with a consultant or with a franchise company. ● Diane describes how a typical day looks like for the franchisee and the franchise company. ● Why you should consider a franchise as a business option. Tweetable Quote: “You usually don’t need industry experience; most of the time they would prefer to teach you and teach you, their way.” - Diane Pleuss Get in Touch with Diane: ● Website:https://dianepleuss.com/ ( https://dianepleuss.com/) ● LinkedIn:https://www.linkedin.com/in/dianepleuss/ ( https://www.linkedin.com/in/dianepleuss/) ● Book a Call:http://www.quickchatwithdiane.com/ ( quickchatwithdiane.com) Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit https://pomwealth.net/3-keys-to-secure-your-retirementlp/ (POMWealth.net/podcast.)

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When looking to hire a financial advisor, what are some of the things you need to be aware of? Hiring the right financial advisor for you all comes down to knowing what you’re looking for, what you’re paying for, and whether the person you’re working with knows what they’re doing. In this episode of the Secure Your Retirement podcast, we cover the 8 questions you need to know positive answers to from a potential financial advisor before hiring them. In this episode, find out: · Make a commitment to yourself to get your checkup done. · List your objectives on the type of relationship that you want to have with a financial advisor. · Ask questions – eight questions you need to know answers to from a potential financial advisor. · Meet and sit down with the advisor you choose to hire to get to know them at a personal level. · Ensure you get something in writing as far as a contract that states relevant terms. · Understand the difference between a certification and a title. Tweetable Quotes: · “If you have a list built out in front of you, take that to your advisor meetings as you’re searching for that person to see if they match up to what you’re looking for.”- Murs Tariq · “The number one reason why a person will leave their financial advisor has nothing to do with performance, it has everything to do with communication.” - Radon Stancil Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit https://pomwealth.net/3-keys-to-secure-your-retirementlp/ (POMWealth.net/podcast.)

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How is the economy going to change now that we’re in the fourth quarter of 2021? Is it still going to be like the last 3 quarters or not? How will it impact our economy in 2022 and the coming few years? There has been a lot of uncertainty in how things are happening, which is leading to market volatility. In this episode of the Secure Your Retirement podcast, we have Andrew Opdyke, a Certified Financial Advisor, Economist at First Trust Advisor. Listen in to learn how the current state after COVID is impacting our economy, inflation, and unemployment. In this episode, find out: · Reflecting on the first and second quarter of the year and how the third and fourth look like. · How housing consumption and rent prices impact inflation. · The likelihood of reacceleration in inflation numbers in the coming years. · Andrew compares 2021 to 2013 and why uncertainty in different areas will cause market volatility. · Why the employment healing is going to take the market a few years to recover. · The minimal impact of the Chinese fund Evergrande on the US economy and S&P companies. · Why US partisan politics are likely going to be the next volatility. · Why Andrew is excited about the impact of the potential innovation in the US. Tweetable Quotes: · “Uncertainty, in general, is the key driver of volatility in the market.”- Andrew Opdyke · “As we move through the fourth quarter and the beginning of next year, we could see reacceleration on the inflation numbers.”- Andrew Opdyke Get in Touch with Andrew: · LinkedIn: https://www.linkedin.com/in/andrewopdyke/ (https://www.linkedin.com/in/andrewopdyke/) Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit https://pomwealth.net/3-keys-to-secure-your-retirementlp/ (POMWealth.net/podcast.)

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Have you ever been concerned about identity theft or being a fraud victim? In today’s cyberworld, identity theft and fraud have become more sophisticated than ever before. It is important that you stay aware and protected to avoid being on the receiving end of these cybercrimes. In this episode of the Secure Your Retirement podcast, we share a checklist that we created about how to protect yourself against identity theft and fraud. We cover why you should always be suspicious when it comes to emails and calls you receive related to your financial information. In this episode, find out: Consider tweaking your passwords to look different on different sites and even get a password manager. Check if two-factor authentication is available when logging in, especially into financial sites. Consider differentiating your passwords’ themes on different sites. Be careful when sharing your password. Get updated software and antiviruses on your computer. Be careful about clicking on unsolicited emails and attachments that come with them. Be careful about the information you put on social media. Be wary of seemingly family or friends’ emails that they wouldn’t normally send you. The steps to take to protect yourself if a related company gets hacked. Some huge red flag calls to avoid interacting with.

Tweetable Quotes: “Where the risk is you making a mistake and allowing somebody to get to that data.”- Radon Stancil “Emails are getting hacked all the time and they use that as a way to get in touch with the address book that’s within that email, so be very careful about someone you think you know may not be that someone you think you know.”- Murs Tariq

Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit https://pomwealth.net/3-keys-to-secure-your-retirementlp/ (POMWealth.net/podcast.)

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Did you know that there are ways you can save on your taxes as a small business? Big Fortune 500 companies do it all the time, and they make more money than you. There are different ways you can save money on taxes and protect your small business and assets, which include being smart with your pension. Working with a tax attorney is also another advantageous way to protect yourself under the attorney-client privilege than working with a CPA. In this episode of the Secure Your Retirement podcast, we have Steve Moskowitz, a seasoned tax attorney who helps business owners and individuals resolve tax issues. We cover extensively how you can use different pension accounts to protect your small business and yourself from losses. In this episode, find out: The difference between a CPA and a tax attorney. The advantages/privileges of working with a tax attorney over a CPA. How to save money with pensions in 2021 when filing returns plus extension. How Steve helps retirees offset investment income with pension deductions. The multiple pension accounts available as opposed to the most common ones. The power, flexibility, and safety of pensions to avoid paying taxes or losing your money. How to save money through the real estate professional tax exemption. How the government uses incentives in tax laws to keep us paying taxes. The many government giveaways to use to your advantage as a small business.

Tweetable Quotes: “A lot of times we do get into other areas like crime because somebody will do something that has both a criminal aspect and a tax aspect.”- Steve Moskowitz “You can have a zillion dollars in your pension account, file for bankruptcy, and keep every penny of it.”- Steve Moskowitz

Get in Touch with Steve: Website:https://moskowitzllp.com/ ( https://moskowitzllp.com/) Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit https://pomwealth.net/3-keys-to-secure-your-retirementlp/ (POMWealth.net/podcast.)

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What are some mistakes that you want to avoid when choosing an advisor? When choosing an advisor, there are some mistakes that could cause risks and you need to avoid them before they do so. There are different types of advisors you should avoid working with and some things you should pay close attention to before committing with an advisor. In this episode of the Secure Your Retirement podcast, we explain the eight mistakes you should avoid when choosing an advisor and questions to ask. We also explain why you should avoid advisors that are not fully certified to be financial advisors to avoid the risks that come with it. In this episode, find out: Don’t work with an advisor without a written contract. Don’t work with an advisor that doesn’t have a permanent office to avoid fraud. Avoid working with an insurance-only advisor since they’re not vastly knowledgeable. Avoid working with a stock market-only advisor since they won’t handle all your retirement needs. Don’t work with an advisor that tries to sell to you on the first appointment. Beware of the too good to be true story. Be aware of the commitment you’re making when you choose to do it by yourself. Avoid picking an advisor based on their fees and instead understand what they’re offering.

Tweetable Quotes: “The way the contract should be written is that at any point you want to fire/get away from the advisor, you’re not bound to have to stay in the contract.”- Radon Stancil “You want to work with someone who has multiple options in all the different areas when it comes to retirement planning.”- Murs Tariq

Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit https://pomwealth.net/3-keys-to-secure-your-retirementlp/ (POMWealth.net/podcast.)

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Do you have questions about retirement planning that you want to be answered over a glass of wine? In this episode Secure Your Retirement, we have our monthly wine down episode where we answer a few questions surrounding retirement planning as we enjoy some 19 crimes cabernet sauvignon wine. We cover questions on mortgages, the best asset mixes, whether to sell stocks and how to avoid getting hacked. Listen in to learn why some of these things need an individualized approach with the help of a financial professional. In this episode, find out: Have your numbers analyzed before deciding to pay or not to pay off your mortgage. Why there isn’t the best asset mix, and you should instead have an active retirement plan. Our review on the 19 Crimes, cabernet sauvignon wine of the day. The precautions to put in place to ensure security and avoid getting hacked. Why you shouldn’t make your money decisions based on your emotions. Have an investment strategy that you’re comfortable with and don’t rush to sell your stocks.

Tweetable Quotes: “I don’t think there is the best asset mix out there for anyone, you just have to have something that is going to work actively for you.”- Murs Tariq “We all hate to change passwords, but that would at least make it more difficult for somebody to hack and listen to/watch your emails.”- Radon Stancil

Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit https://pomwealth.net/3-keys-to-secure-your-retirementlp/ (POMWealth.net/podcast.)

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Are you worried about the idea of a layoff happening to you? Whether you’re close to retirement or know someone at risk of getting laid off, this guide is for you. Covid has made layoffs quite common with everyone but especially with people who are almost at the retirement age. Layoffs can be very stressful but with the right information, you can navigate your way through them. In this episode of the Secure Your Retirement podcast, we share 10 steps on how to survive a layoff. Listen in to learn the importance of seeking professional help to come up with a suitable retirement financial plan after a layoff. In this episode, find out: Keep calm and take it one step at a time to make the best decision for yourself. Determine your living expenses by coming up with a spending plan. Create an inventory of your resources/assets to know what you own. Add in severance pay – think it through before you accept it. Understand how the unemployment benefits work. Learn about your health insurance options, especially if you’re unqualified for Medicare. Get a new social security estimate to help you decide on an income possibility. Consider a lump-sum payment from your pension. Determine if you want to go back to work or have enough money to retire. Seek professional help to give you confidence with a retirement financial plan.

Tweetable Quotes: “It may be difficult, but you want to leave your employer on the best foot you possibly can.”- Murs Tariq “Don’t just quickly accept your severance, make sure that you think that through.”- Radon Stancil

Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit https://pomwealth.net/3-keys-to-secure-your-retirementlp/ (POMWealth.net/podcast.)

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Do you have plans to set up a special needs trust for your child or a loved one? A special needs trust is a special type of trust set up to still take care of a person with healthcare needs without disqualifying them from other benefits. This trust which is sometimes referred to as a supplemental needs trust is set up by a third party to supplement for other governmental benefits. In this episode of the Secure Your Retirement podcast, we have Chess Griffin to talk about a special needs trust and what you need to know before setting one up. Chess Griffin is a well-known estate planning attorney who is very knowledgeable about trusts. In this episode, find out: Understanding the meaning and purpose of a special/ supplemental needs trust. The special needs trust is set up to give the trustee the broad power to distribute as needed. Why special needs language can be added into a trust to help implement it in the future. How the special needs trust covers the bases whether a child has special needs or not. How to choose a trustee for your special needs child for when you’re gone. Why you should avoid funding a special needs trust with retirement accounts. How to handle the investment side of a special needs trust as a trustee. Why it is important to thoroughly think about who the trustee is going to be. Why it’s complicated to set up a first-party trust.

Tweetable Quotes: “Whether it’s a special needs trust or your regular old revocable trust, a trustee has a fiduciary duty to manage the trust assets in a prudent way.”- Chess Griffin “The special needs trust is set up to give the trustee broad power to distribute as needed.”- Chess Griffin

Get in Touch with Chess: Website: http://www.chessgriffin.com/ (http://www.chessgriffin.com) Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit https://pomwealth.net/3-keys-to-secure-your-retirementlp/ (POMWealth.net/podcast.)

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Have you asked questions about payment to that financial advisor you’re considering hiring? When it comes to hiring a new financial advisor, it is important to ask and understand how they’re getting paid. Whether they’re getting paid through commission or fees, they should disclose that information with ease. It’s always good to know the type of fees you’re getting into. In this episode of the Secure Your Retirement podcast, we talk about how advisors can get paid through fees and commissions. Listen in to learn about fiduciary and why it is important to ensure the financial advisor you hire is also a fiduciary. In this episode, find out: · Why you should ask your financial advisor how they’re getting paid to understand fees. · How advisors used to be paid commissions on stocks and mutual funds brokering. · How advisors charge on an hourly basis/flat rate or a percentage of assets they’re managing. · Fiduciary – someone making decisions for you before they make decisions in their favor. · The importance of working with a fiduciary and asking that question before hiring an advisor. · The difference between legal and assumed fiduciary. · Ways that can hold an advisor to a fiduciary standard and suitability. · Ensure you properly understand an investment when not working with an independent advisor. Tweetable Quotes: · “The big thing here is someone that is working in your best interest, making decisions for you regardless of how it’s going to affect them.”- Murs Tariq · “Fiduciaries a lot of time will keep things very clean so they don’t have to disclose things like paid recommendations.”- Radon Stancil Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit https://pomwealth.net/3-keys-to-secure-your-retirementlp/ (POMWealth.net/podcast.)

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Have you heard of the pickleball sport? It’s a sport that you might find interesting if you’re getting close to or are already in retirement. Pickleball with its low entry cost and easy accessibility into the community is the perfect sport for your retirement plan. The sport has many social and health benefits, which include weight loss, and is increasingly becoming popular with people of all ages. In this episode of the Secure Your Retirement podcast, we have Lynn Cherry talk about pickleball as the perfect sport to join pre and during retirement. Lynn is a pickleball player and enthusiast who enjoys the sport and even has a podcast to help others understand it too. In this episode, find out: Lynn on how she got into pickleball and found it interesting. The similarities and differences between tennis and pickleball sports. How the pickleball court size allows less movement and is perfect for people with knee issues. Why pickleball environment and technique make it a great social sport. Lynn describes the double bounce rule in pickleball. The low entry cost and accessibility into the pickleball sport and community. How Covid has prompted younger generations to start participating in pickleball. The history of the name and game of pickleball. How to set up the net plus where to get the pickleball equipment. Lynn’s Pickleball Fire podcast where you can learn more about pickleball.

Tweetable Quotes: “One of the greatest things about pickleball is even if you’ve never played a sport, you can pick it up the very first time and have a good time.”- Lynn Cherry “Pickleball is one of the sports or activities that cut across generations.”-Lynn Cherry

Get In Touch with Lynn: Website: https://pickleballfire.com/ (https://pickleballfire.com/) Podcast: Pickleball Fire

Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit https://pomwealth.net/3-keys-to-secure-your-retirementlp/ (POMWealth.net/podcast.)

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You may not be going through the situation of losing a spouse, but it is always wise to stay prepared. We understand how the situation can be and that is why we have prepared this episode as a resource for you when that time arrives. In this episode of the Secure Your Retirement podcast, we talk about the different things you should think about when your spouse passes away. We cover topics from assets to investments to insurance and share where you might require professional help to make things easier. In this episode, find out: The things to think about from a cash flow perspective. The different things you need to think about concerning estate settlement issues. Why you should compile everything from investments to insurance when you’re still together. The different types of insurance you should be aware of. Why you should use a CPA to help you look through the different tax elements. Be knowledgeable about how taxes on joint assets and investments are going to transition.

Tweetable Quotes: “Once you have a good picture of where everything is, then you can start to work within all the nuances that every little investment or asset account is going to have.”- Murs Tariq “These are things that might take months to get through, but you want to make sure you’re stepping through these things in an organized way.”- Radon Stancil

Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit https://pomwealth.net/3-keys-to-secure-your-retirementlp/ (POMWealth.net/podcast.)

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Have you considered real estate as one of the ways to build wealth as part of your retirement plan? Real estate can be a huge return on investment when you take the time to understand the market and learn from other investors’ mistakes. Research is showing that the current unique state of the economy is proving to be a very conducive time to invest in real estate due to low-interest rates. In this episode of the Secure Your Retirement podcast, we have Paul Moore. He’s a founder at Wellings Capital, a real estate private equity firm that manages investment funds. Listen in to understand why it is much easier to avoid replicating someone else’s mistakes than it is to replicate their success. You will also learn how to approach investing in mobile home parks as a beginner in the market. In this episode, find out: Paul on his career background and his journey as a real estate investor. Why the current unique state of the economy is conducive to create wealth using real estate. Why Paul named his podcast “How to Lose Your Money” to encourage beginner investors. Tap into your gut feeling and don’t ignore what it’s telling you. How Paul is fighting human trafficking by setting aside a portion of his profit for that purpose. The importance of having a why and finding joy in the journey towards your goals. The value of investing in storage and mobile home parks real estate. How to approach mobile home parks investing as a beginner. The strategy that makes it possible to not pay any taxes on your investments.

Tweetable Quotes: “If your gut feeling and the head are out of alignment, there may be something wrong.”- Paul Moore “Sometimes, it’s easier to avoid replicating someone else’s mistakes than it is to replicate their success.”- Paul Moore “Have a big why that’s other than money.”- Paul Moore

Get In Touch with Paul: Free resources: https://www.wellingscapital.com/resources (https://www.wellingscapital.com/resources) Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit https://pomwealth.net/3-keys-to-secure-your-retirementlp/ (POMWealth.net/podcast.) To receive our free book, Get Off the Retirement Rollercoaster, leave a 5-star rating review on Apple Podcasts and send a screenshot to morgan@pomwealth.net.

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What misconceptions do you hold about retirement planning? To have an active retirement plan, you need to have the right financial advisor to manage your investment. It is important to settle down with an advisor you’re comfortable with, and that aligns with your philosophy. To debunk these misconceptions, you have to do your research and ask the right questions, so they don’t cost you in the future. In this episode of the Secure Your Retirement podcast, we debunk four costly misconceptions about retirement planning. Listen in to understand these misconceptions at a more detailed level and how to avoid them when looking to invest in your retirement plan. In this episode, find out: Not everyone using the title “financial advisor/planner” is qualified. The lowest fees are not always the best solution for your goal to engage with a financial advisor. Understand what you’re getting from the fees you’re paying and ask questions. All credentials and certifications are not the same. The time and work required to acquire the standard certification. Just because an advisor works for a larger company doesn’t mean they’re qualified. Why the independent advisor side of the financial world is the fastest growing today. Do your research when choosing an advisor and ensure they align with your philosophy.

Tweetable Quotes: “If you’re getting what you’re looking for, the fee doesn’t matter as much anymore.”- Murs Tariq “When you find out somebody’s got a certification, go find out what it took that person to get certified to be able to use that credential.” - Radon Stancil “Every single one of these misconceptions comes down to doing your research and asking the right questions.”- Murs Tariq

Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit https://pomwealth.net/3-keys-to-secure-your-retirementlp/ (POMWealth.net/podcast.) To receive our free book, Get Off the Retirement Rollercoaster, leave a 5-star rating review on Apple Podcasts and send a screenshot to morgan@pomwealth.net.

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Do you have a question relating to retirement planning that you’d like answered in a fun way? In this episode on the Secure Your Retirement Podcast, we have our monthly wine down episode where we answer some of your commonly asked questions about retirement planning in a fun way. We cover questions on social security, 401Ks, power of attorney, and the tax efficiency for a non-IRA account. Listen in to learn the importance of having a power of attorney and consolidating multiple 401Ks. In this episode, find out: Why do you need to have a durable power of attorney even when you think you don’t need it? The difference between a durable and healthcare power of attorney. Why you shouldn’t be worried about consolidating all your 401Ks accounts in one place. How to approach your multiple 401Ks consolidation. How to get your annual social security statement to understand what your benefits look like. How we’ve created a variable annuity account to manage non-IRA accounts.

Tweetable Quotes: It is not expensive to set up a durable power of attorney, it’s just naming somebody that can be there if you become incapacitated.”- Radon Stancil

“Consolidation is something we believe should be done, it’s something that’s going to make your life much simpler.”- Murs Tariq Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit https://pomwealth.net/3-keys-to-secure-your-retirementlp/ (POMWealth.net/podcast.) To receive our free book, Get Off the Retirement Rollercoaster, leave a 5-star rating review on Apple Podcasts and send a screenshot to morgan@pomwealth.net.

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Have you been thinking of how to start saving for your child’s or grandchild’s college education? How about setting up a 529 Plan? A 529 Plan allows you to invest in your child’s or grandchild’s college education before they even get to that stage. This type of investment has many benefits, including being tax-free during the growth period. In this episode of the Secure Your Retirement podcast, we explain in detail what a 529 Plan entails and the benefits it offers. Listen in to learn how to open a 529 account and the investment options available for you. In this episode, find out: Understanding the 529 Plan and the tax-free benefits it offers. This plan won’t affect your child’s ability to get financial aid because you’re the one in control of the money and not your child. The hands-on and hands-off ways to control the investment options for a 529 plan. The options available for you if you’re worried you won’t use all the money in a 529. Understanding that you can open and use a 529 plan in any state across the country. The current situation on whether the plan is likely to go away any time soon. The 529 investment plan doesn’t lock you in and you can make changes. How and where you can open a 529 account.

Tweetable Quotes: “It’s the parent or the grandparent that’s in control of the money.”- Radon Stancil “You can set the 529 plan up anywhere; it’s not based on residency.”- Murs Tariq “They want this plan to be as easily accessible because saving for education is very important.”- Murs Tariq

Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit https://pomwealth.net/3-keys-to-secure-your-retirementlp/ (POMWealth.net/podcast.) To receive our free book, Get Off the Retirement Rollercoaster, leave a 5-star rating review on Apple Podcasts and send a screenshot to morgan@pomwealth.net.

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Are you ready to start living your tapas life after retirement? Life is diverse and interesting, and it doesn’t stop being so after you retire. There are many different elements in life that you can engage in and continue enjoying after you retire. When planning for your retirement, a tapas life should be a big part of it if you want your life to be meaningful in your later decades. In this episode of the Secure Your Retirement podcast, we have Andy Robin explain to us the different ways you can adopt a tapas life after your long career. Andy is the author of the Tapas Life book, which is about assembling a new, fulfilling, meaningful life after retirement. In this episode, find out: Andy’s life experiences that led to writing his book Tapas Life. How to open your eyes to different life elements you can engage in after retirement. Andy shares some of his meaningful tapas that keep his life interesting. Taking your failures as learning experiences that make life more exciting. Different ways you can get connected socially to improve your life after retirement. Some passive and active ways you can stay engaged with your business brain. Having a spousal conversation on how to reinvent yourself and your spouse after retirement. How to maintain good health after retirement to stay independent for longer.

Tweetable Quotes: “Open your eyes to the options that you can assemble a life that has different elements that you can participate in.”-Andy Robin “When you keep your good health, you’re delaying the day when your loved ones have to become your caregivers.”- Andy Robin

Connect with Andy: Website: https://www.tapaslife.com/ (https://www.tapaslife.com/)

Facebook: https://www.facebook.com/TheTapasLife/ (https://www.facebook.com/TheTapasLife/) Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit https://pomwealth.net/3-keys-to-secure-your-retirementlp/ (POMWealth.net/podcast.) To receive our free book, Get Off the Retirement Rollercoaster, leave a 5-star rating review on Apple Podcasts and send a screenshot to morgan@pomwealth.net.

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What are some of the rip-offs you should keep an eye for when choosing an advisor to manage your retirement plan? When looking for a suitable financial advisor for you, you should ask as many questions as you can to understand certain concerning situations. In this episode of the Secure Your Retirement podcast, we talk about 4 retirement investment and planning rip-offs you should always avoid. Listen in to learn how to approach these 4 rip-offs by ensuring you fully understand each before you hire an advisor. In this episode, find out: Be wary of an advisor saying there are no fees – there are always fees involved in any transaction. Bait-and-switch – understand that a good rate is sometimes meant to last for a certain period. Be careful about outrageous claims on average rates on returns or an advisor’s performance. Why you shouldn’t hold on to outdated beliefs that are no longer viable today.

Tweetable Quotes: “Don’t hold on to old belief systems, compare and see what has changed to maybe make a certain product viable.”- Radon Stancil “Try to understand how realistic some of these rates of return are that are being thrown at you.”- Murs Tariq

Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit https://pomwealth.net/3-keys-to-secure-your-retirementlp/ (POMWealth.net/podcast.) To receive our free book, Get Off the Retirement Rollercoaster, leave a 5-star rating review on Apple Podcasts and send a screenshot to morgan@pomwealth.net.

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Potential tax changes are coming, and it is important you understand what is proposed and how it might affect you. It is advisable that you get in touch with your financial advisor to help you understand how to navigate the proposed tax changes if they were to happen today. To have a peaceful and secure retirement planning process, you have to familiarize yourself with what is expected of you when it comes to taxes. In this episode of the Secure Your Retirement podcast, we have Julie Herres talk about the potential tax changes on different income levels. Julie is a tax expert and the owner of GreenOak Accounting, where they provide bookkeeping, accounting, CFO, and tax services. In this episode, find out: Understanding the progressive tax system when it comes to income. Effective tax rate – total tax rate divided by total income. The potential income tax rate changes especially on high-income earners. The proposed tax change for capital gains on income over a million dollars. The various tax proposals on property inheritance cost bases. Why you shouldn’t over plan before and after the proposed tax changes happen. The potential significant tax change on estate planning. The potential social security tax rate changes for over $400k per year income earners. Have business books as a business owner to always have the right financial data and plan.

Tweetable Quotes: “If it happens, then we can always plan for the changes, but there’s no reason for us to over plan today if those tax changes were to take place.”- Radon Stancil “If you have a business, you’ve got to have business books to have the right financial data.”- Julie Herres

Get In Touch with Julie: Website: https://www.greenoakaccounting.com/ (https://www.greenoakaccounting.com/) Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit https://pomwealth.net/3-keys-to-secure-your-retirementlp/ (POMWealth.net/podcast.) To receive our free book, Get Off the Retirement Rollercoaster, leave a 5-star rating review on Apple Podcasts and send a screenshot to morgan@pomwealth.net.

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We have a new book available - Secure Your Retirement book! Why did we write a book and what is it about? This book is a resource to help people thinking about retirement or planning for retirement to understand what they should consider. Some of the chapters include having active money management, lifetime income, tax reductions, and much more. In this episode of the Secure Your Retirement podcast, we discuss the different topics that you should expect in the book and how we tackle them. Listen in to learn how this book will help you understand the concept of retirement planning without losing money. In this episode, find out: The book’s name and its purpose in educating you on very important retirement topics. Chapter one – why buy and hold could kill your retirement plan. Why we encourage you to invest your money in active money management. Chapter two – how to think of income as you are ready for retirement and when in retirement. The topics on the rest of the chapters and the different answers they tackle. Chapter eight – helping you understand risk tolerance. The last chapter – how to find a financial professional you can trust. How to get the Secure Your Retirement book on Amazon.

Tweetable Quotes: “We believe that a good retirement financial plan is the foundation of all the decisions that you make in retirement.”- Murs Tariq

“This book is not saying this is the way to do your retirement planning, it’s giving you things you need to think about.”- Radon Stancil Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit https://pomwealth.net/3-keys-to-secure-your-retirementlp/ (POMWealth.net/podcast.) To receive our free book, Get Off the Retirement Rollercoaster, leave a 5-star rating review on Apple Podcasts and send a screenshot to morgan@pomwealth.net.

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What questions do you have about social security? It is important to keep in mind that professionals at social security are instructed not to give you any form of advice. There are many factors to be considered when applying for social security for your retirement whether you want to do it before or after 70 years. These factors include age, sources of income, spousal benefits, and much more. In this episode of the Secure Your Retirement podcast, we have Heather Schreiber, she’s a Retirement Income Certified Professional with 25 years of experience. She consults with and educates financial, tax and legal professionals using a holistic approach to retirement income planning. Listen in to learn how to approach applying for social security and why you need a professional to help you navigate it. In this episode, find out: Factors that come into play when considering taking social security before or after 70. Understanding that your social security is likely going to be your pension. How sources of income affect different individuals when claiming social security early. The benefits of a restricted application strategy and who can apply for it. Understanding how the spousal benefits work and their starting point. The importance of having someone help you navigate the social security aspect. How retirement benefits for a dead spouse work and how to approach the process. When and why a divorced spouse can file for spousal benefits from that relationship. The different ways you can approach the social security application process.

Tweetable Quotes: “The starting point is always regardless of when that higher wage earner files, fifty percent of the primary insurance amount.”- Heather Schreiber “Delayed retirement benefits earned by the higher-earning spouse are inherited by the surviving spouse.”- Heather Schreiber

Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit https://pomwealth.net/3-keys-to-secure-your-retirementlp/ (POMWealth.net/podcast.) To receive our free book, Get Off the Retirement Rollercoaster, leave a 5-star rating review on Apple Podcasts and send a screenshot to morgan@pomwealth.net.

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Have you ever asked yourself what would happen to your money if something happened to your advisor? This is a common and very legitimate question to ask. It is important to keep in mind that nothing’s going to happen to your money, whether you’re working with independent advisors like us or a larger institution. Your money is housed by a custodian and will still be there if something does happen to your current advisor. In this episode of the Secure Your Retirement podcast, we carefully explain the scenario that would occur if your advisor were to be “hit by a bus”. We cover how teams are set up to ensure there’s a continuity plan and the decision you’ll be needed to make as the client. In this episode, find out: Understanding that your investment isn’t with your advisor but with a third-party custodian. You’ll get a new advisor/team if your money is either under a large company or independent advisors. The decision you’ll have to make whether you want to work with the new advisor/team. How to ensure that your philosophy and values align with the new advisor. The scenarios that happen if your advisor were to retire.

Tweetable Quotes: “If you have multiple advisors in one office and something happens to one of them, usually the philosophy is still the same.”- Murs Tariq “Ask your current advisor or new advisor what their continuity plan for their team is.” - Radon Stancil

Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit https://pomwealth.net/3-keys-to-secure-your-retirementlp/ (POMWealth.net/podcast.) To receive our free book, Get Off the Retirement Rollercoaster, leave a 5-star rating review on Apple Podcasts and send a screenshot to morgan@pomwealth.net.

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Have you thought of how your retirement is going to look like? Aging greatfully means having a plan for the financial, spiritual, personal, and entire details of your life after retirement. When planning for an exciting, creative, and peaceful retirement, you also need to have an end-of-life plan. Planning for your end of life gives you peace and it also inspires your brand-new beginning. In this episode of the Secure Your Retirement podcast, we have Holley Kelley talk about how she helps people plan for their life after retirement and end of life. Holley is a gerontologist, fellow in thanatology, positive aging practitioner, death planning change agent, and the founder of Latter-Life Planning Institute. Listen in to learn how you can achieve peace by changing your retirement and end-of-life plans. In this episode, find out: · Understanding the meaning of gerontology and thanatology. · How Holley got involved and comfortable in the fields of gerontology and thanatology. · Reinspire- being inspired towards action and something exciting and creative. · The financial things you need to consider when thinking about retirement. · Helping people overcome the challenge of figuring out who they are without their professions. · The 12 steps CREATED PEACE end of life planning tool kit. · The importance of planning for the end of life to achieve peace and change your life plan. · How to get your personal house in order, earlier to live in peace and good graces today. · Why Holley loves helping people rediscover peace and their child-like wonder. Tweetable Quotes: · “We need to do what we can with what we have with where we’re at and really appreciate what we’re able to.”- Holley Kelley · “There’s no day of the week called someday; there’s today, and so planning for the end of life is something you don’t put off until someday.”- Holley Kelley · “There’s nothing you can’t do; it is only in your mind.”- Holley Kelley Get in Touch with Coach Chris: · Website: https://www.latterlifeplanninginstitute.com/ (https://www.latterlifeplanninginstitute.com/) · LinkedIn: https://www.linkedin.com/in/gerontologist-holley-kelley-182377107/ (https://www.linkedin.com/in/gerontologist-holley-kelley-182377107/) Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit https://pomwealth.net/3-keys-to-secure-your-retirementlp/ (POMWealth.net/podcast.) To receive our free book, Get Off the Retirement Rollercoaster, leave a 5-star rating review on Apple Podcasts and send a screenshot to morgan@pomwealth.net.

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How does tax affect your non-IRA brokerage accounts? What if we told you that there’s a clean and better way for you to get tax deferral on your capital gains? A strategy that works at a low cost and that gets rid of the annoying short-term capital gain problem. This strategy is by use of the variable annuity, which even though we have stated has more negatives than positives, in this case, is highly beneficial for your capital gains. In this episode of the Secure Your Retirement podcast, we explain how you can get tax-deferred growth on your capital gains through a variable annuity. Listen in to learn how to smartly alleviate tax pain on your retirement plan strategy held in your non-IRA brokerage account. In this episode, find out: · How a brokerage (non-qualified) account is taxed by dividends or interests sitting in cash. · Getting taxed through short-term capital gains at your ordinary income level. · The favorable long-term capital gain in a different tax category. · How to get tax-deferred growth on your capital gains through a variable annuity. · The huge positive of using a variable annuity for tax deferral even with its many negatives. Tweetable Quotes: · “The act of selling a stock in a brokerage account, that is what is going to generate the taxable gain.”- Murs Tariq · “If I have a significant loss, that is far worse sometimes than paying the tax.”- Radon Stancil Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit https://pomwealth.net/3-keys-to-secure-your-retirementlp/ (POMWealth.net/podcast.) To receive our free book, Get Off the Retirement Rollercoaster, leave a 5-star rating review on Apple Podcasts and send a screenshot to morgan@pomwealth.net.

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The pandemic has significantly slowed down and things are changing. What questions relating to your retirement planning do you have? In this episode Secure Your Retirement, we tackle some questions on the changes that might occur in the future during our Wine Down. We cover questions on potential tax changes, Roth conversion, planning for a market correction, and inflation. Listen in to understand why you need a plan and don’t need to necessarily rush before any concrete changes happen. In this episode, find out: · The potential change in capital gains tax and its impact on you according to your income. · An increase in the tax rate on high-income earners. · Conversations on significantly lowering estate tax from the current $10 million. · Talks on adjusting co-spaces where beneficiaries have to pay taxes on the value increase of a property. · Why you should always look into Roth conversion, especially if you’re close to retirement. · Understanding how to convert or contribute money into a Roth account and its advantages. · Why you should have a plan in place for the pre-determined market correction. · How to strategize and shift into assets that will do good in inflation. Tweetable Quotes: · “These are potentials, do not act on those potentials yet, let’s wait and see what they are.”- Radon Stancil · “If you make a lot of money, then you may not have the ability to contribute to a Roth account.”- Murs Tariq Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit https://pomwealth.net/3-keys-to-secure-your-retirementlp/ (POMWealth.net/podcast.) To receive our free book, Get Off the Retirement Rollercoaster, leave a 5-star rating review on Apple Podcasts and send a screenshot to morgan@pomwealth.net.

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Now that you have decided to change your advisor, how then do you move to the next one? Moving from one advisor to another is a simple paperwork process that only takes days to be completed. You can move from one advisor to another within the same custodian, or you can move from both an advisor and a custodian at the same time. In this episode of the Secure Your Retirement podcast, we explain the processes of moving advisors and or both advisors and custodians. We also explain why your retirement planning investment won’t change in the moving process, plus the time it will take to complete the transfer. In this episode, find out: Recapping episode 90- why you would want to leave your original advisor. The simple process of transferring your account from one advisor to the next within the same custodian. The process of transferring your account and your advisor at the same time. The paperwork process involved when moving your account from one custodian to the other. Understanding that your investments won’t change as you move accounts or advisors. How it works when transferring a 401(k) to a traditional IRA. The same process applies if you manage your own money.

Tweetable Quotes: “The transfer process of getting the securities from one custodian to another typically takes about 7-10 business days, which is standard across the financial world.”- Murs Tariq “You’re in control; you’re the owner of the account, so you don’t need to tell the current advisor you’re moving.”- Radon Stancil

Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit https://pomwealth.net/3-keys-to-secure-your-retirementlp/ (POMWealth.net/podcast.) To receive our free book, Get Off the Retirement Rollercoaster, leave a 5-star rating review on Apple Podcasts and send a screenshot to morgan@pomwealth.net.

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The 1st quarter of the year saw tremendous economic growth, but will the 2nd quarter continue the trend? The economy has broadened in the past few months due to downtown representation and employment acceleration factors. But we still have higher demand than supply, inflation costs, and interest rates concerns. In this episode of the Secure Your Retirement podcast, we have Andrew Opdyke, a Certified Financial Advisor, Economist at First Trust Advisor. Listen to Andrew as he explains how economic growth, employment, and inflation in the 2nd quarter will influence the federal government’s monetary policies decisions. In this episode, find out: · The broadening up of the economy due to downtown representation. · The impact of employment acceleration in the 1st and 2nd quarters on the economy. · How the 2nd quarter economic growth will impact the rest of 2021 and the beginning of 2022. · How demand is outshining supply which is pushing off growth that could be happening now. · How the supply and demand mismatch factor is pushing inflation costs higher. · Why employment stability could lead to inflation costs increase in the long term. · Why the small and mid-sized companies will outperform due to global reopening. · Why monetary policies are going to remain accommodative unit around 2023. · Andrew’s personal economic predictions for the rest of 2021 and maybe early 2022. Tweetable Quotes: “The second half from an economic growth perspective has got a lot of fundamental tailwind behind it that will set to continue through the end of the year and into 2022.”- Andrew Opdyke “The supply chain is still healing, it’s still fixing.”- Andrew Opdyke

Important Links: LinkedIn: https://www.linkedin.com/in/andrewopdyke/ (https://www.linkedin.com/in/andrewopdyke/) Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit POMWealth.net/podcast. To receive our free book, Get Off the Retirement Rollercoaster, leave a 5-star rating review on Apple Podcasts and send a screenshot to morgan@pomwealth.net.

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Do you want to break up with your advisor, but you have no idea how to approach it? Breaking up with your advisor is not unusual, and there are different reasons why it can happen. It is important to keep in mind that no matter how long the relationship with your advisor has lasted, it is your money, and you have the right to do what is right. In this episode of the Secure Your Retirement podcast, we talk about the reasons why you may want to break up with your advisor and what to look for in the next one. We cover the importance of involving a holistic advisor to help you manage your retirement plan. In this episode, find out: The importance of doing what’s right for you and being comfortable with your advisor. How life changes can drive you to want to change your advisor. The advisor may change their philosophy to what doesn’t align with you. A few more reasons why you may want to break up with your advisor. How to look for an advisor who is a good communicator. Look for a specialist advisor when you’re nearing retirement. Ensure that you and the advisor have a good mesh of personality. Find an advisor whose opinions align with your investment goals. Why you should find a holistic advisor who helps you with more than just a financial plan. How to make the process of breaking up very simple without overexplaining. Why you don’t need to communicate with your advisor before breaking up with them.

Tweetable Quotes: “If your advisor isn’t going to adapt to your life changes, maybe it’s time to find another advisor.”- Murs Tariq “If you’re close to or in retirement, you should work with somebody who focuses on that as a part of their practice.”- Radon Stancil

Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit https://pomwealth.net/3-keys-to-secure-your-retirementlp/ (POMWealth.net/podcast.) To receive our free book, Get Off the Retirement Rollercoaster, leave a 5-star rating review on Apple Podcasts and send a screenshot to morgan@pomwealth.net.

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Do you have a plan to buy or sell a property in a hot market? Understandably, that you may want to invest in real estate in a hot market as part of your retirement planning or sell to invest elsewhere. When consulting a realtor or a listing agent, you need to get clear with your needs to set the expectations and get through the process. In this episode of the Secure Your Retirement podcast, we have Renee Hillman talk about what it takes to buy or sell a property in a hot market like Raleigh. Renee is a real estate broker/realtor out of Raleigh and enjoys helping people find their dream homes. Listen in to understand the meaning of due diligence and how it applies in a hot real estate market. In this episode, find out: The state of the real estate market today for both buyers and sellers. The low inventory and high pressure on the real estate market in Raleigh. The benefits of having a well-fixed and maintained house to have a competitive advantage. How realtors are educating both buyers and sellers where the current market stands. Why due diligence has become important in Raleigh’s real estate market. Understanding the property listing and appraisal in today’s market. Why you should first contact a local real estate expert to understand your market.

Tweetable Quotes: “Due diligence is the money seller gets to keep should you ever back out of the deal for any reason whatsoever.” “A listing agent isn’t able to disclose any terms on an offer.”

Get in Touch with Coach Chris: Website: https://hregsells.com/ (https://hregsells.com/) LinkedIn: https://www.linkedin.com/in/reneesells/ (https://www.linkedin.com/in/reneesells/)

Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit https://pomwealth.net/3-keys-to-secure-your-retirementlp/ (POMWealth.net/podcast.) To receive our free book, Get Off the Retirement Rollercoaster, leave a 5-star rating review on Apple Podcasts and send a screenshot to morgan@pomwealth.net.

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What should you have on your retirement planning team? We believe that your retirement planning should be a team environment to give you that peace of mind that you want. A financial plan is crucial for your retirement plan, but in addition, there are other things that you need to be in place. In this episode of the Secure Your Retirement podcast, we cover why you need to have a team approach when it comes to your retirement planning. We also cover the difference between a holistic financial advisor and a money manager, plus what goes beyond your retirement financial plan. In this episode, find out: Understanding how it’s like delegating your retirement plan to advisors (money managers). The difference between a ‘money manager’ advisor and a holistic financial advisor. The importance of having a retirement financial plan. Why you should have a tax advisor plus how we handle that aspect. The importance of estate planning for your beneficiaries and how we handle it. How we handle social security for our clients.

Tweetable Quotes: “Whether you’re working with a money manager or a holistic approach type of financial advisor, there are pros and cons to everything.”- Murs Tariq “The foundation of the financial side is having a comprehensive retirement financial plan.”- Radon Stancil

Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit https://pomwealth.net/3-keys-to-secure-your-retirementlp/ (POMWealth.net/podcast.) To receive our free book, Get Off the Retirement Rollercoaster, leave a 5-star rating review on Apple Podcasts and send a screenshot to morgan@pomwealth.net.

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Have you been thinking of owning a rental home as part of your retirement plan? What is the best way to buy a rental property with a positive income and that can be affordably managed? When buying a rental property, you want to buy a property that will start making money for you without having to wait for years. Purchasing an off-market rental property will allow you to start making positive income right away and afford property management. In this episode of the Secure Your Retirement podcast, we invited Scott Oots to talk about the value of the off-market rental property business as part of your retirement planning. Scott Oots is an entrepreneur who owns multiple businesses mainly focused on the area of real estate investing. In this episode, find out: Scott on how he started in the business of rental properties. Understanding the current real estate market and what could possibly happen in the future. The best way to purchase a cash-flowing rental property and avoid waiting to start seeing ROI. The value of buying an off-market property versus buying an on-market property. The payment options available for most off-market properties. Understanding ‘hard money’ and why it is the better option when buying off-market rental properties. The process of property due diligence that Scott uses with his clients. Scott on how his team does marketing and customer service to connect with sellers and buyers.

Tweetable Quotes: “There’s a lot of positives coming with buying an off-market property vs. looking at buying an on-market.”- Scott Oots “There’s no point in buying a house if you’re buying it already rehabbed and you’re paying 110 percent of market value.”- Scott Oots “We are a relationship business; we want them to keep coming back over and over again.”- Scott Oots

Get in Touch with Coach Chris: Facebook: https://www.facebook.com/thescottoots/ (https://www.facebook.com/thescottoots/) Instagram: https://www.instagram.com/thescottoots/ (https://www.instagram.com/thescottoots/)

Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit https://pomwealth.net/3-keys-to-secure-your-retirementlp/ (POMWealth.net/podcast.)

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Do you need life insurance in retirement or not? What type of life insurance would best suit you? Whatever your stance is regarding whether or not you need life insurance, this episode will help you understand even more. There are different types of insurance and each one is meant to serve different purposes in your retirement plan. In this episode of the Secure Your Retirement podcast, we cover three types of life insurance; term, whole life, and universal, and the benefits of each. We break down universal life into variable and index and explain how to calculate interest for each. In this episode, find out: The three types of life insurance. Understanding term life insurance and the reasons why you may consider it The whole life or universal life insurance and why it’s no longer popular How to do legacy planning with whole life or universal life How to create a cash value policy with whole life or universal life The difference between whole life and a universal life insurance How to calculate a variable and index universal life insurance Understanding how index annuity in life insurance looks like and why you should consider it

Tweetable Quotes: “When you’re buying term insurance, it is for a period of time, so you need to think what that risk is that you want to cover.”- Murs Tariq “You can get a higher amount of money from your pension if you take the pension just based on your individual life.” - Radon Stancil

Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit https://pomwealth.net/3-keys-to-secure-your-retirementlp/ (POMWealth.net/podcast.) To receive our free book, Get Off the Retirement Rollercoaster, leave a 5-star rating review on Apple Podcasts and send a screenshot to morgan@pomwealth.net.

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Do you have a burning retirement question that you’d like to know the answer to? In this episode Secure Your Retirement, we tackle five questions that we frequently get asked by clients or listeners just like you. We cover questions on the ongoing inflation, tax in retirement, and even on life insurance. Listen in to learn what you need to be planning for when it comes to retirement planning and what you should give a second thought. In this episode, find out: How to plan for inflation and have an investment strategy that allows you to be flexible. The different things you can do to stay proactive with tax in retirement. Why you should a hundred percent consider a Roth. Consider your why to understand whether your life insurance should go into retirement. Plan and take your Required Minimum Distributions (RMD) by the end of 2021.

Tweetable Quotes: “Retirement and financial planning are the foundation of every decision that you are making.”- Murs Tariq “A Roth needs to be in your plan every single year because it might be that you can do the conversion without paying much tax.”- Radon Stancil

Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit https://pomwealth.net/3-keys-to-secure-your-retirementlp/ (POMWealth.net/podcast.) To receive our free book, Get Off the Retirement Rollercoaster, leave a 5-star rating review on Apple Podcasts and send a screenshot to morgan@pomwealth.net.

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Have you seen or heard about a Robo-Advisor? What is a Robo-Advisor, how does it work, and should you consider it? A Robo-Advisor is a computer that’s going to manage your investments for you operating on your instructions, but not necessarily looking out for the best opportunities. It is basically a passive investment that doesn’t give you the hands-on touch that a human advisor would. In this episode of the Secure Your Retirement podcast, we cover why it is difficult for a computer to handle the evolving nature of retirement planning. Listen in to learn what a Robo-Advisor can do or not do for you and when you should consider it. In this episode, find out: Understanding the meaning of Robo-Advisor How a Robo-Advisor puts you in asset allocation based on your risk tolerance The passive investment concept that is the Robo-Advisor How the Robo-Advisor helps you rebalance your investment without your involvement The things that the Robo-Advisor doesn’t understand about you and your investment The difference between a human financial advisor and a Robo-Advisor

Tweetable Quotes: “The what-ifs are huge and that is not answerable by a computer algorithm.”- Murs Tariq “If you believe that a buy and hold strategy is the best strategy for you, then a Robo-Advisor could be good.”- Radon Stancil

Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit https://pomwealth.net/3-keys-to-secure-your-retirementlp/ (POMWealth.net/podcast.) To receive our free book, Get Off the Retirement Rollercoaster, leave a 5-star rating review on Apple Podcasts and send a screenshot to morgan@pomwealth.net.

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Do you want to live in abundance in all areas of your life without constantly doubting yourself? Have you given thought to how you can liberate your retirement? To achieve liberation in your retirement or retirement planning, you have to let go and let in. You have to create your map of reality so that you’ll go from dependent land to independent land. To become independent, you will have to change your old map of reality to become a better partner at home and a better leader in your business. In this episode of the Secure Your Retirement podcast, we invited Uwe Dockhorn to talk about his AIM-System. Uwe, or The Lifestyle Liberator, helps professionals get back their family mojo, double their financial security, and live in abundance in all areas of their life. In this episode, find out: Get to know Uwe Dockhorn and how he supports professionals Learning how to let go and let in what will help you do things differently Activation, Implementation, Manifestation- the AIM-System and its three foundational principles How to create your map of reality to go from dependency to independence Practice letting go and letting in to change your old map of reality and become a better partner and leader Uwe shares more resources that you can learn from his webinars Signs of burnout and why mindset techniques don’t necessarily deal with it

Tweetable Quotes: “To achieve a respectable relationship, you need to stop your own dependencies first in order to get into your independence.” “The moment you allow yourself to be open for letting in, you become part of your solution.” “The core of burnout is in self-created beliefs and patterns.”

Get in Touch with Coach Chris: Website: https://www.uwedockhorn.com/ (https://www.uwedockhorn.com/) LinkedIn: https://www.linkedin.com/in/uwedockhorn/ (https://www.linkedin.com/in/uwedockhorn/)

Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit https://pomwealth.net/3-keys-to-secure-your-retirementlp/ (POMWealth.net/podcast.) To receive our free book, Get Off the Retirement Rollercoaster, leave a 5-star rating review on Apple Podcasts and send a screenshot to morgan@pomwealth.net.

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Have you thought of how you can have a successful retirement plan? We usually talk about how to secure your retirement but how do you do that successfully? There are four components of having a successful retirement plan with the foundational one being a good financial plan. You want to have peace of mind at the end of the day knowing that your future is not only secured, but also successfully so. In this episode of the Secure Your Retirement podcast, we cover the four components of a successful retirement plan. We also cover the importance of having goals and how to build a retirement plan that meets those goals. In this episode, find out: The four components of having a successful retirement plan. Having a good retirement financial plan as the foundation of a successful retirement plan. How to have and understand goals and have a plan that meets those goals. Keep all your accumulated assets in one place and see how they’ll work for you in retirement. How to structure your income in three parts that will work for you. How to holistically view when you should take your social security. Think of the what-ifs and how to plan them beforehand. The importance of having a risk-managed portfolio. Why you need a good tax strategy when it comes to assets. How to approach estate planning for your beneficiaries.

Tweetable Quotes: “A good investment strategy with risk management is extremely important.”- Radon Stancil “You’ve got to understand individual goals to create a plan that’s going to meet those goals.”- Murs Tariq

Resources: If you want more information about preparing your finances for the future or retirement, check out our complimentary Master Class, ‘https://hjrzh9zk.pages.infusionsoft.net/ (3 Steps to Secure Your Retirement’.) In this class, we teach you the steps you need to take to secure your dream retirement. Get the complimentary Master Classhttps://hjrzh9zk.pages.infusionsoft.net/ ( here.)

To receive our free book, Get Off the Retirement Rollercoaster, leave a 5-star rating review on Apple Podcasts and send a screenshot to morgan@pomwealth.net.

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Is traveling one of the things you’re thinking of doing after the pandemic? To get out there and experience life as we used to know it before Covid? How do you do that without breaking the bank with the current economic environment? Affordable traveling has increasingly gained popularity in recent times, and it’s only right that create those memories and experiences through travel. This even as you continue planning your retirement. In this episode of the Secure Your Retirement podcast, we invited Coach Chris to share some of his proven tips on how to travel on a budget. Chris is a travel coach with over 20 years of experience in luxury travel and leisure for pennies on the dollar. In this episode, find out: Chris shares his travel experiences and the benefits of traveling How to leverage your credit card for travel hack and fly for free Consider traveling within the US border for safety in this pandemic environment Consider timeshare- forego staying in a hotel and instead rent your vacation space from an owner Chris’s concierge ideas to help people strategize traveling for free More golden tips on how to purchase an affordable timeshare Travel the world, gain experiences and make it your legacy

Tweetable Quotes: “The best things in life are your health, your family, your friends, and those precious memories and experiences.”- Coach Chris “We travel not to escape life, but for life not to escape us.” - Coach Chris “Get out there and create those memories and experiences even in this environment.” - Coach Chris

Get in Touch with Coach Chris: Website: https://coachchrisspeaks.com/ (https://coachchrisspeaks.com/) LinkedIn: https://www.linkedin.com/in/coachchrisklesh/ (https://www.linkedin.com/in/coachchrisklesh/)

Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit https://pomwealth.net/3-keys-to-secure-your-retirementlp/ (POMWealth.net/podcast.) To receive our free book, Get Off the Retirement Rollercoaster, leave a 5-star rating review on Apple Podcasts and send a screenshot to morgan@pomwealth.net.

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Have you been thinking about investing in cryptocurrency? Is cryptocurrency safe for your retirement plan? Before investing in anything, especially something as new as cryptocurrency, it is crucial to understand and think about its risks. Cryptocurrency is currently volatile and risky and you must be willing to lose it all when investing. In this episode of the Secure Your Retirement podcast, we share our opinions on crypto investing and if it’s something you should include as part of your retirement plan. We examine whether the current crypto demand is long-term and whether it should be used as an investment determiner. In this episode, find out: Have an objective before planning to invest in anything The importance of understanding and thinking about your risks the closer you are to retirement Why the newness and volatility of crypto is making it very risky to invest your retirement in Why you should only invest in crypto if you’re willing to lose it all Why you shouldn’t invest in anything that you don’t understand How to invest in what is in demand and what you understand without losing money

Tweetable Quotes: “The close you are to retirement, it’s important to understand and think about your risks.”- Radon Stancil “It’s so volatile that there’s an inherent amount of risk to it.”- Murs Tariq “You should not invest in crypto or anything that you’re not willing to lose.”- Radon Stancil

Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit http://pomwealth.net/podcast (POMWealth.net/podcast). To receive our free book, Get Off the Retirement Rollercoaster, leave a 5-star rating review on Apple Podcasts and send a screenshot to morgan@pomwealth.net.

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Have you ever thought of what your life will look like after retirement? Life after you’ve accomplished your bucket list and have done all you dreamt of doing after you retired? You don’t have to become old and decrepit after you retire, you can still live healthily, successfully, and vibrantly. You can still have goals that you work on backward to help you achieve your purpose. In this episode of the Secure Your Retirement podcast, we have Karen Duncum, the founder and creator of Live Vibrantly, and an executive coach. We cover why you should work on your purpose backward to help you accomplish your goals whether you’re working or not working. In this episode, find out: How Karen went from a COO to a psychotherapist to an executive coach for business owners. How she discovered that people can get older, retire, and still live vibrantly. Karen’s 8 pillars of staying vibrant as you get older. The importance of having an after-retirement purpose to help you stay vibrant. The fun and uplifting curriculum of tools that Karen offers her clients. Why you should work backward by starting to plan the end of your life to where you are now. Karen describes her program and how they feed it to her members in small soundbites. How to train your mind to see the good in things to develop a positive attitude.

Tweetable Quotes: “We get to get older, we get to retire, and still be fully vibrant, healthy, and successful people.”- Karen “When you train your mind to see the good in things, you become a positive person.”- Karen

Important Links & Mentions: For Karen's Complimentary Eight Week Course Click this Link : https://livevibrantly.life/8-week-trial/ (https://livevibrantly.life/8-week-trial/) Website: https://livevibrantly.life/ (https://livevibrantly.life/) Email: karen@livevibrantly.life Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit http://pomwealth.net/podcast (POMWealth.net/podcast). To receive our free book, Get Off the Retirement Rollercoaster, leave a 5-star rating review on Apple Podcasts and send a screenshot to morgan@pomwealth.net.

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Have you heard of the Exchange Traded Fund or an EFT? An ETF is a stock of stocks but is bought and sold like an individual stock. It is a valuable, efficient, and evolving investment method to consider as part of your retirement plan. You might be asking yourself ‘what makes an ETF that attractive?’ or ‘what is the difference between an ETF and other investment methods?’ In this episode of the Secure Your Retirement podcast, we talk about the advantages of the Exchange Traded Fund and its difference from a mutual fund. We share the different types of ETFs we’ve invested in and our experience so far. In this episode, find out: Understanding an Exchange Traded Fund and how it works. Understanding mutual funds and their difference from the ETF. How an ETF allows investment diversification. The efficiency of an ETF over a mutual fund. The advantages of ETFs and the different directions you can go with them as stocks.

Tweetable Quotes: “If the ETF is actively managed, then it’s going to have a little bit higher fees than a passive ETF.”- Radon Stancil “If you can imagine the world of the stock market, you can get whatever you want with the ETF world.” - Murs Tariq

Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit http://pomwealth.net/podcast (POMWealth.net/podcast). To receive our free book, Get Off the Retirement Rollercoaster, leave a 5-star rating review on Apple Podcasts and send a screenshot to morgan@pomwealth.net.

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How do you like the Secure Your Retirement podcast so far? How has this podcast impacted your financial knowledge since you started listening? It’s been a year for us since we started this podcast, and we can’t help but be thankful for what it has become. We started with the purpose of educating you about finances and retirement planning, but we became even bigger and better. In this episode, we reflect on the year it has been since we started and all that we have accomplished together. We cover how you can be part of this Wine Down episode, or you can help us make the show even better for you. In this episode, find out: Why we started this podcast for educational purposes and how we approached it. How we planned our interview style and covering topics shows to make the podcast effective. The purpose of our opening disclosure. The purpose of our wine down episodes and how you can become part of it. How your questions become a library of resources that we can tap into in the future. Do you have any advice you’d like to share with us? Help us and be part of the show.

Tweetable Quotes: “We really want to make this show continue to be what is effective.”- Radon Stancil “The best part about it, is getting some good feedback.”- Murs Tariq

Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit http://pomwealth.net/podcast (POMWealth.net/podcast). To receive our free book, Get Off the Retirement Rollercoaster, leave a 5-star rating review on Apple Podcasts and send a screenshot to morgan@pomwealth.net.

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Has the question of “How Do Financial Advisors Get Paid?” ever crossed your mind? This is a very important question to ask your financial advisor or the one you intend on hiring. There are three ways through which financial advisors get paid; commission, fee-only, and fee-based. You need to get that information upfront as the client to understand how things work. Which of the three is the best payment method? How does each affect you as the client? In this episode of the Secure Your Retirement podcast, we’re helping you understand the different ways financial advisors get paid. We cover the importance of researching to understand why and how you will be paying the person managing your retirement plan. In this episode, find out: How commission works plus legitimate products that are commissionable How the insurance industry pays financial advisors on commission How an advisor receives payments from the different types of mutual funds Always ask how the advisor will get paid from any commissionable-type product you purchase How advisors get paid from Real-estate Investment Trust (RIT) Why the regulations in the financial services industry cannot change to give you a better rate How the fee-only method works and the three categories it operates in How fee-based works as a combination of both fee-only and commission-based The fiduciary plus his/her role in taking care of the client

Tweetable Quotes: “Once you decide to enter into a mutual fund or any commissionable-type product, be sure you do your research and ask the question.” - Murs Tariq “If you’re working with a fee-based or even a fee-only advisor, any time there’s a conflict of interest, they have to disclose it.” - Radon Stancil

Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit http://pomwealth.net/podcast (POMWealth.net/podcast). To receive our free book, Get Off the Retirement Rollercoaster, leave a 5-star rating review on Apple Podcasts and send a screenshot to morgan@pomwealth.net.

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Have you ever heard of the term ‘Medicaid’ or ‘Medicaid Planning’? And do you qualify for it? As you start to approach age 65, you should more and more be thinking of Medicaid Planning. Medicaid is a government medical care insurance for people who need assistance and is limited to people who are 65 years and above or are disabled. It is important that as you plan your retirement, you do Medicaid planning to ensure that your long-term care is fully catered to. Medicaid is different from Medicare and is very limited in terms of who qualifies for it. In this episode of the Secure Your Retirement podcast, we invited Kevin Huston to help us understand who qualifies for Medicaid and the different planning strategies to qualify. Kevin Huston is an attorney specializing in this area and the founder of Carolina Estate Counsel- an Estate and Elder Law planning firm. In this episode, find out: Understanding Medicaid and who qualifies for it The difference between Medicare and Medicaid on who and what they cover The meaning of Medicaid planning and how to effectively plan for it The different strategies you can do crisis planning to qualify for Medicaid Understanding the Medicaid Compliant Annuities Why you’re never too young to think about Medicaid planning The downside of giving away your assets for Medicaid

Tweetable Quotes: “Medicaid planning is most effectively done if you plan ahead of time.”- Kevin Huston “If you give away assets, you’re sheltering them from Medicaid, but the downside is that you’re giving away control of your assets.”- Kevin Huston

Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit http://pomwealth.net/podcast (POMWealth.net/podcast). To receive our free book, Get Off the Retirement Rollercoaster, leave a 5-star rating review on Apple Podcasts and send a screenshot to morgan@pomwealth.net.

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How do you protect your investment from possible investment fraudsters, A.K.A Bernie Madoff? We’re sure that the last thing you want is getting ripped off your investment that you’ve probably set aside as your retirement plan, right? It is very important that you be extra careful when approaching an advisor to protect your money and future. Keep in mind that the role of your advisor is to administer things for you, not create them. In this episode of the Secure Your Retirement podcast, we talk about the different things you can do to ensure that your advisor is legitimate. We cover your advisor’s dos and the don’ts and the red flags to look out for a Bernie Madoff. In this episode, find out: A legitimate advisor has a third party as an oversight/ custodian Understanding that the custodian creates the investment statements, not the advisor Why you should have access and control over your third-party account Why your advisor should only administer your account not create anything How to make sure your advisor is rightly and legitimately licensed and registered How to safely transfer money from your accounts How to check the ADV form to know more about the advisor’s entity

Tweetable Quotes: “Make sure that whomever you’re working with, first thing is that they’re licensed.”- Radon Stancil “You should never be writing a cheque to the investment company; you’re going to be writing it to the custodian.”- Murs Tariq

Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit http://pomwealth.net/podcast (POMWealth.net/podcast). To receive our free book, Get Off the Retirement Rollercoaster, leave a 5-star rating review on Apple Podcasts and send a screenshot to morgan@pomwealth.net.

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Has the thought of having a trust ever crossed your mind? But do you really need a trust? It is important to understand the different reasons why you might need to set up a trust for your children. The purpose of a trust is to protect your children’s inheritance until they’re in a better position to receive it. When planning your retirement or thinking in the unfortunate case, your death, consider setting up a trust for your children. It is different from a will and more optional but might be what you need. In this episode of the Secure Your Retirement podcast, we have Chess Griffin to discuss the different types of trusts and the reasons why you may or may not need them. Chess Griffin is a well-known estate planning attorney who is very knowledgeable about trusts. In this episode, find out: A trust- allowing someone to hold assets for yet another person The scenarios where you might need to consider a trust The meaning of the common revocable living trusts and their functions Why people might consider setting up irrevocable trusts The meaning of a will and its difference from a trust How to avoid probate by creating a trust plus its pros and cons The reasons why you might not need to set up a trust The purpose of an official and unofficial special needs trust

Tweetable Quotes: “A trust is a way to extend the estate plan beyond death and make sure it does what you ultimately want.”- Chess Griffin “The revocable living trust is the standard type of document we implement.”- Chess Griffin

Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit http://pomwealth.net/podcast (POMWealth.net/podcast). To receive our free book, Get Off the Retirement Rollercoaster, leave a 5-star rating review on Apple Podcasts and send a screenshot to morgan@pomwealth.net.

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You’ve probably heard of a variable annuity but don’t know how it works or earns money, right? A variable annuity is an investment account where your earnings vary based on the type of investment you have. But what’s really the purpose of having a variable annuity? Is it a good way to invest as part of your retirement plan? In this episode of the Secure Your Retirement podcast, we educate you on how variable annuity works and if it makes sense for you. We share the pros and cons to keep in mind before considering variable annuity as an investment option for you. In this episode, find out: How immediate and fixed annuities work and the two types of a fixed annuity Understanding variable annuity and how it varies according to your investment structure How variable annuity limits your investment choices around the insurance company Why you’re subject to market risk with the variable annuity Why you should be aware of the variable annuity fees and their functions Why tax deferral advantages should be the only reason you use a variable annuity

Tweetable Quotes: “Your account is the variable annuity and then your sub-accounts are the investments within the variable annuity.”- Murs Tariq “If I have somebody who has a sizable amount of money that’s not in an IRA and they don’t want to the pay taxes each year on their earnings, they could use a variable annuity.”- Radon Stancil

Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit http://pomwealth.net/podcast (POMWealth.net/podcast). To receive our free book, Get Off the Retirement Rollercoaster, leave a 5-star rating review on Apple Podcasts and send a screenshot to morgan@pomwealth.net.

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How good are you at grilling your steak? Because even as you’re planning for a secure retirement, a juicy steak shouldn’t miss from your table regularly. Whether you like your steak rare, medium-rare, or well done, we all want it juicy and delicious. But somehow when we do it at home, we either overcook it, make it too hard, or let all the juice get lost on the cutting board, right? That’s why on the show today, we invited Dean Ogan of Rocky Top Catering to share his golden tips on how to grill a perfectly cooked and juicy steak. Dean Ogan owns and operates Rocky Top Catering in Raleigh and has 20+ years of industry experience. He shares his tips on grilling the perfect steak and his favorite grilling recipe. He also shares how Rocky Top Catering survived the pandemic, with the hospitality industry being one of the most hit. In this episode, find out: Dean's on how they transitioned from a restaurant company to large-scale catering Golden tips on how to grill a juicy and perfectly cooked steak Some secret ingredients and steps to Dean’s favorite grilling recipe Why Dean thinks the air frier can’t undo ‘real’ fried food The types of knives you should have in your kitchen Tips on how to keep your knives rightly sharp The food distribution initiative that Rocky Top Catering adopted during the pandemic

Tweetable Quotes: “That’s what’s grilling is all about; it’s all about getting a little bit of char on your meat.”- Dean “Don’t be afraid to use a meat thermometer; having a really good meat thermometer in your utensil drawer is really important.”- Dean “You can always cook your steak more, but you can’t cook it less.”- Dean “Knives are tools and you need different tools for different applications.”- Dean

Important Links & Mentions: https://rockytopcatering.com/ (Rocky Top Catering Website ) Resources: If you want more information about preparing your finances for the future or retirement, check out our complimentary Master Class, ‘https://hjrzh9zk.pages.infusionsoft.net/ (3 Steps to Secure Your Retirement’.) In this class, we teach you the steps you need to take to secure your dream retirement. Get the complimentary Master Classhttps://hjrzh9zk.pages.infusionsoft.net/ ( here.)

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Have you been thinking “I’ve been saving and I’d like to leave some money behind.”? But then you’re confused on the process to follow with the different types of accounts you have? It is important to be educated on the different ways you can include the next generation in your money accounts even as you’re doing your retirement planning. But what is the process of including them? What is the best and easiest way to do that without burdening your beneficiaries? In this episode of the Secure Your Retirement podcast, we’re talking about all things “leaving money to the next generation”. We cover how to add your beneficiaries to your IRAs and 401(k)s accounts, the tax benefit this offers, and how to leave tax-free money behind. In this episode, find out: · How to add your beneficiary to your IRA and or 401(k) account · How to add as many beneficiaries as you can to your other bank accounts · The tax benefit of listing primary and contingent beneficiaries to your IRAs and 401(k)s · How to add a beneficiary designation to your brokerage account to make the process easier · How to leave tax free money behind through life insurance and Roth IRAs · Understanding the per stirpes and per capita terms in the beneficiary form Tweetable Quotes: “Have a good tab on how you want to leave your money behind, who you want to leave it to, and where are these accounts at.”- Murs Tariq “You want to make sure you have all your beneficiaries listed because it could be a huge tax benefit in particular to IRAs and 401(k)s.”- Radon Stancil Resources: If you want more information about preparing your finances for the future or retirement, check out our complimentary Master Class, ‘https://hjrzh9zk.pages.infusionsoft.net/ (3 Steps to Secure Your Retirement’.) In this class, we teach you the steps you need to take to secure your dream retirement. Get the complimentary Master Classhttps://hjrzh9zk.pages.infusionsoft.net/ ( here.)

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When it comes to investment planning, retirement planning, and financial planning in general, how do you do it? You could do all the research and do everything yourself, which takes a lot of time and effort. You could also find a financial advisor to walk you through everything and make sure you stay on track. Some financial coaches serve as your sounding board to help you think of other finance and investment ideas. To find out more about investments and retirement planning, we have invited Vix Munro to join us in this episode. She shares tips, especially for women to create and build wealth. In this episode, find out: ● How to financially empower women around the world ● The difference between a financial coach and wealth coach ● How to manage money and create and build wealth ● Vix's consultation steps to start working together ● The financial plan to achieve ● The concept of cryptocurrency Tweetable Quotes: "Women have particular needs for refinances. We have a gender pay gap, but we also actually have a gender investment game." – Vix Munro "’Money doesn't grow on trees’ and you've got to work really hard to earn money.” – Vix Munro Important Links & Mentions: Website: https://moneybadassary.com/ (https://moneybadassary.com/) Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit http://pomwealth.net/podcast (POMWealth.net/podcast). To receive our free book, Get Off the Retirement Rollercoaster, leave a 5-star rating review on Apple Podcasts and send a screenshot to morgan@pomwealth.net.

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Paying off your mortgage is more than just a financial decision. It can be an emotional one too. Perhaps it’s one of your long-term goals to live mortgage-free or you want to go into retirement without the burden of large monthly payments. Whatever your motivation is, it’s best to find out the best way to tackle this financially before you make a decision. In this episode, we share the key things you need to think about when it comes to paying off your mortgage. We also discuss the importance of cash flow and how opening a home equity line of credit could be the solution you’re looking for. In this episode find out: Which savings account is best to use for paying off your mortgage Why cash flow is king in retirement What to consider when thinking about investing vs. paying off your mortgage When to think about refinancing What to do when paying off your mortgage will wipe out your savings When to open a home equity line of credit

Tweetable Quotes: “It is nice not to have a mortgage, but sometimes it doesn't make sense for everyone” – Murs Tariq “Paying off your mortgage isn’t just an emotional decision” – Radon Stancil Important Links & Mentions: https://pomwealth.net/blog (Peace of Mind Wealth Management blog) https://www.appointmentcore.com/app/freeslots/ZjtcsuW (Book your complimentary call)

Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit http://pomwealth.net/podcast (POMWealth.net/podcast). To receive our free book, Get Off the Retirement Rollercoaster, leave a 5-star rating review on Apple Podcasts and send a screenshot to morgan@pomwealth.net.

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What are your biggest concerns when it comes to retirement planning? It’s fun and exciting to think about the trips you might take or the activities you’ll have lots of time to enjoy in retirement. But there are also serious sides to planning for retirement, including what happens when things don’t go to plan. In this Wine Down episode, we open the floor to five retirees to talk about their concerns for the future. Special guests Norm and Carol Kelley, Al McCleary, and Jax and Cindy Robertson join us to share their thoughts and ask questions about long term care insurance, estate planning, and more. Hit play to hear our answers and find out about their retiree stories so far. In this episode, find out: Answers to our guests’ questions about planning for long term care and insurance Why we don’t recommend switching existing long term care insurance policies How long term care insurance works alongside moving into a CCRC How CCRCs make the transition between independent and assisted living seamless What to consider when estate planning Why you should perform annual beneficiary check-ups Tips for implementing power of attorney The compelling story behind today’s wine – Three Finger Jack

Tweetable Quotes: “If you’ve got an existing long term care insurance policy with rich benefits, you don’t want to lose those.” – Radon Stancil “Giving somebody power of attorney to change beneficiaries is a huge power.” – Radon Stancil Important Links & Mentions: https://youtu.be/nE0OG1NGOfo (Continuous Care Retirement Community Understanding Your Options) https://youtu.be/h2mY7pg3R-s (Understanding Long Term Care)

Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit http://pomwealth.net/podcast (POMWealth.net/podcast). To receive our free book, Get Off the Retirement Rollercoaster, leave a 5-star rating review on Apple Podcasts and send a screenshot to morgan@pomwealth.net.

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Is a Roth conversion right for you? Moving your money from a traditional IRA or 401k and into a Roth IRA can be a smart choice for your future. But, while the mechanics of a Roth conversion are simple, it’s important to get the full picture to find out if this move will benefit you in the long term. In this episode, we share everything you need to know about doing a Roth conversion, including what a Roth conversion is, why you may choose to do one, and the process of moving your money between pre-tax and after-tax accounts. In this episode find out: The differences between a traditional IRA and a Roth IRA How much of a traditional IRA you can convert to a Roth IRA The mechanics of doing a Roth conversion Everything you need to know about conversion tax Why you need to consider future tax How a Roth conversion helps you avoid required minimum distributions Why you shouldn’t take a cookie-cutter approach to conversions

Tweetable Quotes: “You are able to convert 100% of your traditional IRA into a Roth – there are no conversion limits.” – Radon Stancil “When you do a Roth IRA conversion, there are going to be taxes involved.” – Murs Tariq Important Links & Mentions: https://www.appointmentcore.com/app/freeslots/ZjtcsuW (Book a call with us) https://hjrzh9zk.pages.infusionsoft.net/ (3 Keys to Secure Your Retirement) https://pomwealth.net/blog/ (Peace of Mind Wealth Management Blog)

Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit http://pomwealth.net/podcast (POMWealth.net/podcast). To receive our free book, Get Off the Retirement Rollercoaster, leave a 5-star rating review on Apple Podcasts and send a screenshot to morgan@pomwealth.net.

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The markets got off to a strong start this year, but is this growth set to continue? As the economy slowly starts to rise from the ashes of the pandemic, 2021’s forecast looks good – even despite some potential obstacles along the way. With inflation, stimulus packages, and government bills all hot topics in the media right now, we asked Andrew Opdyke to share his thoughts. Andrew is a Certified Financial Advisor, Economist at First Trust Advisors, and a returning guest on the Secure Your Retirement podcast. Listen in as he reveals his expectations about how the markets and economy will develop over the next quarter and beyond. In this episode find out: Andrew’s thoughts on the economic and market performance of 2021 so far The stimulus accelerated spending effect How inflation could impact the next quarter When the proposed infrastructure bill may impact the economy Andrew’s expectations for 2021’s second quarter Why Andrew is paying close attention to inflation and COVID-19 variants Andrew’s personal and economic forecast for the rest of 2021

Tweetable Quotes: “From an economic perspective, reopening is the best possible stimulus we could ask for.” – Andrew Opdyke “Uncertainty is going to remain with us.” – Andrew Opdyke Important Links & Mentions https://youtu.be/qb_Zt8INjLg (Andrew Opdyke - The Economic Outlook For 2021) https://podcasts.google.com/feed/aHR0cHM6Ly9mZWVkcy5jYXB0aXZhdGUuZm0vc2VjdXJlLXlvdXItcmV0aXJlbWVudA/episode/YWQ4OGI1NWUtZTg0Yi00ZDM1LTllYTQtNjQ4MGRkMzM5ZGU4?sa=X&ved=0CAUQkfYCahcKEwiw6YaZjYzuAhUAAAAAHQAAAAAQCA&hl=en-GB (Andrew Opdyke - Does the Economy Impact Your Retirement?) https://www.linkedin.com/in/andrewopdyke/ (Andrew’s LinkedIn) https://pomwealth.net/blog (Peace of Mind Wealth Management blog)

Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit http://pomwealth.net/podcast (POMWealth.net/podcast). To receive our free book, Get Off the Retirement Rollercoaster, leave a 5-star rating review on Apple Podcasts and send a screenshot to morgan@pomwealth.net.

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There’s a lot of talk about inflation and the future of our finances right now. If you’re concerned about what this means for your retirement savings, this episode of Retirement in Action can help put you at ease. It’s no secret that inflation will impact your spending – especially in retirement. However, this shouldn’t be a cause for concern. In this episode, we look at an in-depth example of how inflation affects a retirement plan and the spending variables that can influence your savings over time. In this episode, find out: Why it’s important to understand how inflation works The average inflation rates over the last 10 and 100 years How to factor inflation into a retirement income plan Why we work with conservative inflation and growth rates What COLA (cost-of-living adjustment) is The relationship between spending and inflation in retirement Why retirees are less susceptible to inflation

Tweetable Quotes: “Just a 1% swing on inflation can have such an impact” – Murs Tariq “The 100-year inflation average is just a little bit above 3%” – Radon Stancil Important Links & Mentions https://pomwealth.net/blog/ (Peace of Mind Blog) https://hjrzh9zk.pages.infusionsoft.net/ (3 Keys To Secure Your Retirement)

Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit http://pomwealth.net/podcast (POMWealth.net/podcast). To receive our free book, Get Off the Retirement Rollercoaster, leave a 5-star rating review on Apple Podcasts and send a screenshot to morgan@pomwealth.net.

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How prepared are you to navigate life’s challenges as you transition into retirement? Moving into this new phase of life is an exciting time. You might be ready to say goodbye to working and your old routine, but you also need to consider what awaits you on the other side. When it comes to preparing for retirement, most people think only about the financial side. In reality, retirement is far more than finances – it’s an entire lifestyle overhaul. To talk to us about managing this transition, we invited Dr. Amy D’Aprix to join us in this Secure Your Retirement episode. Dr. Amy is an author, speaker, and a trusted advisor, helping people navigate life’s challenges. In our discussion, she shared the key things you need to plan before retirement and why you need to think beyond those big retirement dreams to create a life you love every day. In this episode, find out: How Amy’s career developed into working with life transitions What the "chapters within retirement" are The differences between early, mid, and late retirement How to create a life that you can fall in love with Why we need to evolve the traditional idea of retirement How to find purpose and meaning in new chapters of your life Why you should invest in your relationships Why housing and health are important factors to consider in retirement

Tweetable Quotes: “You want to continue to grow and evolve your life right until the day you die.” – Dr. Amy D’Aprix “Contribution and connection. Two key things you need to have in order to have a life purpose and meaning.” – Dr. Amy D’Aprix Important Links & Mentions: https://www.dramy.life/ (Amy’s website) https://hjrzh9zk.pages.infusionsoft.net/ (3 Keys to Secure Your Retirement)

Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit http://pomwealth.net/podcast (POMWealth.net/podcast). To receive our free book, Get Off the Retirement Rollercoaster, leave a 5-star rating review on Apple Podcasts and send a screenshot to morgan@pomwealth.net.

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Have you been thinking, “I’m done with work and ready to retire”? Then you’re not alone. Lots of people are in a similar situation and want to know if they can retire earlier than they’d planned. But is it something you can realistically consider? And if so, what happens to your retirement income plan? In this episode of the Secure Your Retirement podcast, we’re asking the question, “Can You Retire Early?”. Covering what you’ll need to consider and how it will affect your finances, we’ll show you if early retirement is the best option for you. In this episode, find out: What early retirement looks like from a financial point of view What to consider if you’re thinking of retiring early What affects your retirement assets if you choose to retire early How to calculate a realistic spending plan for your retirement Why now is the perfect time to create a retirement income plan

Tweetable Quotes: “We have to assume a point that we will need money until, so we plan up to age 90” – Murs Tariq “If you don’t have a written retirement plan, we’d encourage you to have a conversation with us” – Radon Stancil Important Links & Mentions Text our hotline: 984-207-1753

Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit http://pomwealth.net/podcast (POMWealth.net/podcast). To receive our free book, Get Off the Retirement Rollercoaster, leave a 5-star rating review on Apple Podcasts and send a screenshot to morgan@pomwealth.net.

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If you experience aches and pains, how do you deal with them? When your body starts talking back to you, it’s often a sign that something isn’t right, and you might seek out a way to fix it. For many of us, this involves turning to a chiropractor. However, if you’ve not been to a chiropractor before or aren’t sure if it’s the best way to maintain your body health, you may have some questions. We invited chiropractor, Dr. Ankur Prakash, to join us in this podcast episode to share his thoughts on managing your health as you age. We talk about Dr. Prakash’s holistic approach to chiropractic care and discuss why it’s important to look at the big picture when it comes to your health. He also reveals what you should work on to prevent pain, how to boost your immunity, and why more people should consider visiting a chiropractor. In this episode find out: Dr. Prakash’s outlook on modern chiropractic care Why being healthy and wealthy is a mindset The pros and cons of investing in health management Why you should focus on maintaining your health, rather than treating disease The expected (and unexpected) benefits of chiropractic treatment for seniors Why posture and flexibility are the top two things you should work on as you age How chiropractic care can boost your immunity What an appointment at Dr. Prakash’s chiropractic practice looks like

Dr. Prakash shared some slides during our conversation. If you’d like to read these, you can find the video version of this discussion on our https://www.youtube.com/channel/UCJ_gBebHyggcBmZjzvL9A9Q (YouTube channel). Tweetable Quotes: “Being healthy is a mindset first.” – Dr. Ankur Prakash “It’s not the pain – it’s how the pain affects your quality of life.” – Dr. Ankur Prakash Important Links & Mentions: Dr. Prakash’s North Carolina practice, https://www.livingwellbalancednc.com/ (Living Well Balanced) Dr. Prakash’s New York practice, https://www.wellbalancedchiropractic.com/ (Living Well Balanced) Call Dr. Prakash’s practice on 919-926-8890

Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit http://pomwealth.net/podcast (POMWealth.net/podcast). To receive our free book, Get Off the Retirement Rollercoaster, leave a 5-star rating review on Apple Podcasts and send a screenshot to morgan@pomwealth.net.

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A lot of people say you should work with a fiduciary, but what does that mean? If you’ve ever searched for financial help online, chances are you’ve come across the term “fiduciary.” It’s one of those words that gets thrown around a lot, but is it something you need to think about? In this episode of Secure Your Retirement, we talk to you about fiduciaries, clearing up any confusion about what they are and what they can offer. So, when you next need financial advice, you’ll have a better idea of what to look out for. In this episode, find out: What a fiduciary is What you can expect from working with a fiduciary What the “suitability standard” is Why a business would choose not to be a fiduciary Things to consider when looking for a financial advisor

Tweetable Quotes: “There’s a lot of things that can make someone a fiduciary…and things that limit it too” – Murs Tariq “A fiduciary is required to always put the interest of the client ahead of their own” – Radon Stancil Important Links & Mentions Text our hotline: 984-207-1753

Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit http://pomwealth.net/podcast (POMWealth.net/podcast). To receive our free book, Get Off the Retirement Rollercoaster, leave a 5-star rating review on Apple Podcasts and send a screenshot to morgan@pomwealth.net.

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Do you have big plans for your retirement? Maybe you want to travel the world? Or you might be content with a nice plot of land you can enjoy with friends and family? Whatever your retirement goals, it’s never too early to start planning for life after work. Our retirement years are precious, so if you want to hit the ground running and make the most out of them, preparation is key. In this Wine Down Show, we’re joined by Jacquie Doucette, founder of the Beyond Retirement podcast. Jacquie helps people plan for their retirement years with a unique approach that’s all about finding fulfillment in the smaller things in life. Sound good? Then grab a glass of wine (or your beverage of choice) and listen in as we discuss retirement planning and why it matters. In this episode, find out: Why planning for retirement means more than financial stability Tips on how to start planning for life in retirement Jacquie’s unique “blueprint” guide to retirement planning Our thoughts on today’s wine – a Cabernet Sauvignon from the Francis Ford Coppola Winery

Tweetable Quotes: “Sit down and think about the things you used to do as a kid…now you’ve got time to go back and do those things.” – Jacquie Doucette “We shouldn’t have a box that says, ‘this is what I’m supposed to do in retirement’.” – Radon Stancil Important Links & Mentions: Listen to Jacquie Doucette’s https://podcasts.apple.com/us/podcast/beyond-retirement/id1466313976 (Beyond Retirement )podcast on Apple Podcasts.

Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit http://pomwealth.net/podcast (POMWealth.net/podcast). To receive our free book, Get Off the Retirement Rollercoaster, leave a 5-star rating review on Apple Podcasts and send a screenshot to morgan@pomwealth.net.

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If you’re getting ready for retirement, one of the most important questions you’ll want answering is, "when should I take Social Security?" This is the most frequently asked question by all of our pre-retiree clients. There’s lots of information out there that dives into when the right time to take Social Security is, and, usually, people already have an idea of when might suit them. However, what this information fails to take into account is your own personal situation. In this episode, we illustrate the impact taking Social Security at different times can have on your assets. We also talk about all the Social Security need-to-knows, including penalties, limitations, and more. In this episode find out: When you can start taking Social Security Why people often say you should wait and take Social Security later What penalties and earning limitations there are The long-term impact taking Social Security has on your assets How to find out more about when you should take Social Security

Tweetable Quotes: “If you decide to take Social Security before full retirement age there are penalties” – Murs Tariq “If you earn more than the Social Security limit, it’s highly unlikely that taking Social Security will make sense for you” – Radon Stancil Important Links & Mentions Read the https://pomwealth.net/when-is-the-right-time-to-take-social-security/ (Social Security article) on our blog Schedule a complimentary call: https://www.appointmentcore.com/app/freeslots/ZjtcsuW (https://www.appointmentcore.com/app/freeslots/ZjtcsuW)

Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit http://pomwealth.net/podcast (POMWealth.net/podcast). To receive our free book, Get Off the Retirement Rollercoaster, leave a 5-star rating review on Apple Podcasts and send a screenshot to morgan@pomwealth.net.

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As our bodies age, we can face increasing mobility challenges. Movements and exercises that were once familiar to you might now be less accessible. Keeping your body mobile is a key part of ensuring a happy and healthy retirement. But how can we incorporate more movement into our daily lives when so many of us live a sedentary lifestyle? To find out more about embracing movement and wellness over the age of 55, we invited fitness expert Ashley Liu Kirkman to join us in this episode. She shares lots of tips on how to stay active in retirement, reduce your mobility issues, and keep your health at its best. In this episode, find out: How Ashley balances a corporate career and her ‘fun’ fitness career What fitness goals you should aim for if you’re 55 or older Why you should embrace movement – not necessarily exercise How to incorporate more movement into your daily life The pros and cons of using wearable tech for monitoring your activity Why you should listen to your body to prevent injury What you should and shouldn’t do to increase your mobility How to adjust impact and intensity for your body Tips for introducing out-of-the-box movement into your day

Tweetable Quotes: “Transition the thought of exercise to movement.” – Ashley Liu Kirkman “‘No pain, no gain’ does not make any sense. Being in tune with your body makes all good sense.” – Ashley Liu Kirkman Important Links & Mentions: Ashley’s email, http://ashleyliukirkman@gmail.com/ (ashleyliukirkman@gmail.com) Ashley’s Instagram, https://www.instagram.com/ashlk/ (@ashlk) Ashley’s Facebook, https://www.facebook.com/ashleylk (ashleylk)

If you’re enjoying the Secure Your Retirement podcast, please do leave us a 5-star rating and written review. We love hearing what you think and use your reviews to help us create future episodes. So, whether there’s a topic you’d like to hear us discuss or if you’re a loyal listener, let us know in your review. Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit http://pomwealth.net/podcast (POMWealth.net/podcast). To receive our free book, Get Off the Retirement Rollercoaster, leave a 5-star rating review on Apple Podcasts and send a screenshot to morgan@pomwealth.net.

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When working with a financial planner or advisor, it’s important that you’re aligned on how you want your money invested. There are many different investment strategies and what you might be comfortable with may not be your advisor’s preference. So, how can you ensure that your money will be managed how you like? The first step is to have a basic understanding of investment strategies. This way, you’ll know what’s more suited to your personality and how you want your investments taken care of. In this Retirement in Action episode, we explain the differences between two investment strategies, asset allocation and strongest assets. We share the fundamentals to each, why people choose them, and how to figure out if they’re appropriate for your money management style. In this episode find out: Why you should find a financial advisor that suits your investment preferences What an asset allocation strategy is Why long-term investors prefer asset allocation What not to do if you choose asset allocation How to understand your risk tolerance What the strongest asset strategy is How to manage a strongest asset portfolio Which investment style is better for active management

Tweetable Quotes: “Asset allocation is the most common way of investing – it’s easy to do and there’s hardly any maintenance.” – Murs Tariq “You should work with an advisor or financial planner whose personality matches yours” – Radon Stancil Important Links & Mentions https://hjrzh9zk.pages.infusionsoft.net/ (3 Keys to Secure Your Retirement) https://pomwealth.net/blog/ (Peace of Mind Wealth Management blog)

Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit http://pomwealth.net/podcast (POMWealth.net/podcast). To receive our free book, Get Off the Retirement Rollercoaster, leave a 5-star rating review on Apple Podcasts and send a screenshot to morgan@pomwealth.net.

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How much do you know about your retirement banking options? Whether you use a traditional or private bank to manage your money, there are plenty of different bank accounts and products available to you as you move into retirement. Finding out more about what choices are out there is a good way to understand how your money could work for you in the future. Mary Thacker, Regional Private Banking Executive at First Bank (FBNC), joins us in this episode to answer our questions about navigating your banking choices in retirement. She’s got more than 26 years of experience in the industry, with 15 years in private banking alone, and works closely with her clients and their financial advisors to find the best banking solutions for them. Tune in to hear our discussion about FDIC rules, using equity lines of credit as cash reserves, and why it’s crucial to arrange a payable on death with your bank. In this episode find out: Mary’s background in the banking industry The differences between private and traditional banking When you need to work with a private banker The benefits of working person-to-person, rather than online How equity lines work with private banking How to structure your money so it’s FDIC insured What a transfer on death (TOD)/payable on death (POD) is and why it’s important

Tweetable Quotes: “A private banker comes in when you are very financially active – you have homes and investments – and you need to make sure that all of those things are working for you.” – Mary Thacker “It’s important to have an advisor on both the banking side and the investment side to find out what’s best for you.” – Mary Thacker Important Links & Mentions: https://pomwealth.net/blog/ (The Peace of Mind Wealth Management blog) https://hjrzh9zk.pages.infusionsoft.net/ (3 Keys to Secure Your Retirement – free interactive webinar) https://edie.fdic.gov/calculator.html (EDIE The Estimator) Mary’s cell: 540-960-0006 Mary’s email: mthacker@localfirstbank.com

Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit http://pomwealth.net/podcast (POMWealth.net/podcast). To receive our free book, Get Off the Retirement Rollercoaster, leave a 5-star rating review on Apple Podcasts and send a screenshot to morgan@pomwealth.net.

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There are two major reasons why people use an annuity as part of their retirement portfolio. First, a fixed index annuity gives you complete safety and still grows your investment at a good rate of return. Second, it generates guaranteed income. But how can you implement an annuity into your portfolio to successfully achieve both of these outcomes? In this final installment of our “https://pomwealth.net/category/financial/ (Annuities – Why Ever Use Them)” series, we share what you need to consider when adding an annuity to your portfolio, and illustrate how a portfolio constructed for your needs can give you peace of mind during your retirement. In this episode find out: Why you should use a fixed index annuity How to implement an annuity within your portfolio Why you need to understand your risk tolerance How to construct a portfolio that suits you

Tweetable Quotes: “Inflation is a real thing, and we have to plan for that.” – Murs Tariq “An annuity can be part of an overall retirement income plan that gives you very good liquidity, safety, and income.” – Radon Stancil

Important Links & Mentions Find parts 1-7 of the “Annuities – Why Ever Use Them” series on your podcast app or watch the video versions on our Secure Your Retirement YouTube channel or blog: Part 1: https://www.youtube.com/watch?v=uWAEacnGO28&t=0s (https://youtu.be/uWAEacnGO28) Part 2: https://www.youtube.com/watch?v=WowKPRfsocQ&t=0s (https://youtu.be/WowKPRfsocQ) Part 3: https://www.youtube.com/watch?v=aWa6R1OAONg&t=0s (https://youtu.be/aWa6R1OAONg) Part 4: https://www.youtube.com/watch?v=Sd-9GRHACYk&t=0s (https://youtu.be/Sd-9GRHACYk) Part 5: https://youtu.be/E9HMvSsri-o (https://youtu.be/E9HMvSsri-o) Part 6: https://youtu.be/FJO9OVk0aM4 (https://youtu.be/FJO9OVk0aM4) Part 7: https://youtu.be/neua_vpB0w4 (https://youtu.be/neua_vpB0w4) https://pomwealth.net/blog/ (Peace of Mind Blog)

Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit http://pomwealth.net/podcast (POMWealth.net/podcast). To receive our free book, Get Off the Retirement Rollercoaster, leave a 5-star rating review on Apple Podcasts and send a screenshot to morgan@pomwealth.net.

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With now being a great time to take advantage of low mortgage rates, you might be looking at alternative housing or mortgage options for your future. Mortgages are a huge topic. Everyone’s situations are different and what you need to qualify for a mortgage often depends on your own situation. So, it can feel unclear how achievable your future home hopes and dreams are. In this episode, we’re joined by mortgage expert, Lexie Rodriguez. She shared lots of helpful advice and information about mortgages, from what you need to qualify, to how to improve your credit score. We also discuss the need-to-knows about buying a second home and the proper process for helping your children out with their down payments. In this episode find out: The type of income you need to qualify for a mortgage How assets can help with qualifying for a mortgage How parents can help their children with a down payment for a home What percentage you need for a down payment and what the different qualifiers are What to think about if you’re transitioning into a new home The need-to-knows about buying a second home How to understand your debt-to-income ratio What it means to have a strong credit score and how this affects your mortgage application

Tweetable Quotes: “A conventional loan is the best loan type that you can qualify for.” – Lexie Rodriguez “If you can get your credit score to 640 and above, that’s going to qualify you for the best mortgage rates.” – Lexie Rodriguez Important Links & Mentions: Lexie’s email: teamrodriguez@jethl.com Lexie’s website: http://www.jethl.com/lrodriguez (http://www.jethl.com/lrodriguez)

Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit http://pomwealth.net/podcast (POMWealth.net/podcast). To receive our free book, Get Off the Retirement Rollercoaster, leave a 5-star rating review on Apple Podcasts and send a screenshot to morgan@pomwealth.net.

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Do you need a retirement planning checklist? Retirement planning can be overwhelming. There are many things you need to think about, from financial and legal requirements, to how you want to live your day-to-day life. Retirement is a big stage of your life to prepare for, and it’s often difficult to know where to start! A retirement planning checklist can help you work out what directions you need to take on the road to retirement. In this episode, we’re sharing the nine most important things to think about when retirement planning and give you some actionable steps to help you prepare. In this episode find out: The first thing you should think about when planning for retirement What numbers you need to know to prepare for your future What you need to know about Social Security Why you should take an interest in your investing When to start learning about Medicare Which legal documents you need to get in order How to plan for long-term care Why you need to understand your taxes Why you should get a retirement income plan in writing

Tweetable Quotes: “You only retire once – you don’t get do-overs” – Radon Stancil “Understanding how all of your accounts are taxed is the first step to developing a retirement income plan” – Murs Tariq Important Links & Mentions: https://hjrzh9zk.pages.infusionsoft.net/ (3 Keys to Secure Your Retirement) https://pomwealth.net/blog/ (Peace of Mind Wealth Management blog)

Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit http://pomwealth.net/podcast (POMWealth.net/podcast). To receive our free book, Get Off the Retirement Rollercoaster, leave a 5-star rating review on Apple Podcasts and send a screenshot to morgan@pomwealth.net.

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What makes you happy? While some of us can’t wait to retire and pursue the things that make us happy, others might be apprehensive about finding fulfillment in their later years. The thought of retirement may even make you hesitant to let your working life go. But happiness doesn’t have to start (or end) with work. In fact, Tia Graham, Certified Chief Happiness Officer and the Founder of Arrive At Happy, joined us to share the many ways you can take charge of your own happiness and find purpose in this podcast episode. So, whether you’re still in your working life, preparing for retirement, already retired, or even facing parenting challenges, listen to this episode to find out Tia’s tips for living a happier life. In this episode, find out: How Tia’s corporate past shaped her happiness-focused future The ripple effects of pursuing happiness How to create a happy culture within your workplace Why you should take responsibility for your own wellbeing How to find happiness both during your working life and afterward How your happiness affects business results

Tweetable Quotes: “Everyone should prioritize their own wellbeing and happiness.” – Tia Graham “There’s a direct connection between happiness and success.” – Tia Graham Important Links & Mentions: Tia’s website, https://www.arriveathappy.com/ (Arrive At Happy)

Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit http://pomwealth.net/podcast (POMWealth.net/podcast). To receive our free book, Get Off the Retirement Rollercoaster, leave a 5-star rating review on Apple Podcasts and send a screenshot to morgan@pomwealth.net.

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Annuities can be a safe way to grow your money – but they’re not without their limitations. In our “Annuities – Why Ever Use Them” series, we’ve talked a lot about the advantages of using a fixed index annuity. However, there are always drawbacks to an investment. If you’re thinking about purchasing a fixed index annuity, there are two main limitations to consider. The first is how much liquidity you have, and the second is surrender charges. In this episode, we’re going to explain how both of these limitations work, how to avoid them, and what you can do to balance your portfolio. In this episode, find out: A quick recap of our annuities series so far How liquid an annuity is and how that affects your overall portfolio What a surrender charge is and how it works The three elements to investing

Tweetable Quotes: “With every investment, there are pros and cons, and limitations to how they work.” – Murs Tariq “With a fixed index annuity, you don’t have complete liquidity, but you will have safety and growth.” – Radon Stancil Important Links & Mentions: Find parts 1-6 of the “Annuities – Why Ever Use Them” series on your podcast app or watch the video versions on our Secure Your Retirement YouTube channel or blog: Part 1: https://www.youtube.com/watch?v=uWAEacnGO28&t=0s (https://youtu.be/uWAEacnGO28) Part 2: https://www.youtube.com/watch?v=WowKPRfsocQ&t=0s (https://youtu.be/WowKPRfsocQ) Part 3: https://www.youtube.com/watch?v=aWa6R1OAONg&t=0s (https://youtu.be/aWa6R1OAONg) Part 4: https://www.youtube.com/watch?v=Sd-9GRHACYk&t=0s (https://youtu.be/Sd-9GRHACYk) Part 5: https://youtu.be/E9HMvSsri-o (https://youtu.be/E9HMvSsri-o) Part 6: https://youtu.be/FJO9OVk0aM4 (https://youtu.be/FJO9OVk0aM4) https://pomwealth.net/blog/ (Peace of Mind Blog)

Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit http://pomwealth.net/podcast (POMWealth.net/podcast). To receive our free book, Get Off the Retirement Rollercoaster, leave a 5-star rating review on Apple Podcasts and send a screenshot to morgan@pomwealth.net.

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How do you want to live your life in retirement? When thinking about retirement, you may make decisions about what you want your lifestyle to look like in the future or set goals that you want to achieve. You might consider where you want to live, what kind of community you want to be a part of, or even if you want to relocate outside of the US. In this Wine Down Show, we invited two special guests to join us. Julie Whelan Capell and Jeri McClenaghan-Ihde are Co-hosts of “The Seniortopia Show.” In their podcast, pre-retirees and experts discuss the opportunities and challenges on the road to retirement. So, grab a glass of wine and listen in as Julie and Jeri discuss their hopes and dreams for retirement. In this episode, find out: Why Jeri and Julie created “The Seniortopia Show” and how it helps people consider how they want to live as they age The difference between CCRCs and cohousing How to join a cohousing community Why you might consider retiring abroad How relocating abroad could help your healthcare costs

Tweetable Quotes: “It’s important to educate ourselves about the options available to us.” – Jeri McClenaghan-Ihde “We need to plan for retirement before we get to that magic age of 65.” – Julie Whelan Capell Important Links & Mentions: https://seniortopiashow.com/ (Seniortopia)

Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit http://pomwealth.net/podcast (POMWealth.net/podcast). To receive our free book, Get Off the Retirement Rollercoaster, leave a 5-star rating review on Apple Podcasts and send a screenshot to morgan@pomwealth.net.

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How much money do you need to have saved so you can retire? Finding out how much you need to retire is more complicated than many people realize. Financially planning for your retirement isn’t just about how much you have in your savings – it also takes many other variables into account. In this episode, Murs and Radon demonstrate these variables' effects by comparing two different retirement scenarios. They also reveal how factors like retirement age, monthly spending, inflation, and your savings all play a part in helping you have a long, stress-free retirement. In this episode find out: Why no set savings amount guarantees you a stress-free retirement If a million dollars is enough for you to retire How spending and inflation affect your savings in retirement How to manage your money in retirement How to start financially preparing for retirement

Tweetable Quotes: “There's no actual number, no formula, for how much money you need to retire.” – Murs Tariq “If someone has more money saved than you, it doesn’t mean that they have a better retirement plan.” – Radon Stancil Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit POMWealth.net/podcast. To receive our free book, Get Off the Retirement Rollercoaster, leave a 5-star rating review on Apple Podcasts and send a screenshot to morgan@pomwealth.net.

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Taxes aren’t something that put a smile on a lot of people’s faces. Unfortunately, you can’t escape paying taxes – even in retirement. If you’re retired and wondering how 2021 will impact how much tax you pay, how charitable tax deductions work this year, and so on, this is the episode for you. We’re thrilled to have Tom Turner, CPA and Partner at Heroux and Company, LLP, on the podcast to discuss the ins and outs of taxes in retirement in 2021. Tom walks us through QCD (Qualified Charitable Distribution), which is not subject to typical federal income taxes. Tom explains QCD in more detail and talks about how it can help reduce the amount of tax you pay in retirement, especially if you are 70 years of age or older. We also cover unemployment benefits, medical deductions, income tax credit, and so much more! In this episode find out: How charitable tax deductions work in 2021 The difference between non-itemized vs. itemized tax return How a qualified charitable distribution works and the tax benefits of doing so How to deal with straight donations How to approach medical deductions in 2021 What earned income tax credit is and how it works What the child tax credit is this year How to deal with a stimulus check concerning your tax return Whether unemployment benefits are taxable or not Who is eligible to deduct their home office Tips for doing your taxes in 2021

Tweetable Quotes: “Make sure you make all your estimated payments to avoid an underpayment of estimated tax penalty.” – Tom Turner “Your stimulus check doesn’t go on the tax return.” – Tom Turner Important Links & Mentions: http://www.hcocpa.net/ (Heroux and Company website) Call Tom on 9197889570 Email Tom directly at tturner@hcocpa.net https://podcasts.apple.com/us/podcast/tom-turner-planning-taxes-and-retirement/id1530071856?i=1000495230679 (Secure Your Retirement Ep.13- Tom Turner – Planning Taxes and Retirement)

Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit http://pomwealth.net/podcast (POMWealth.net/podcast). To receive our free book, Get Off the Retirement Rollercoaster, leave a 5-star rating review on Apple Podcasts and send a screenshot to morgan@pomwealth.net.

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How can an annuity income rider give you more peace of mind in retirement? There are three main ways to guarantee income in retirement. The first is a pension, the second is Social Security, and the third is adding an income rider to an annuity. This third option creates, in essence, a personal pension paid directly to you every month for the rest of your life. In part five of our “Annuities – Why Ever Use Them” series, we discussed how attaching an income rider to an annuity can produce guaranteed income – if you haven’t listened to that episode, please do give it a listen. In this episode, we continue the conversation by diving further into detail about why we recommend adding an income rider to an annuity. We also explain how the rates of return work for your account value and the income rider. In this episode find out: A quick recap of our annuities series so far How to get peace of mind with more guaranteed income Why you should add an income rider to your annuity How rates of return work for your income rider and your annuity How income riders provide guaranteed income even if your annuity account reaches zero

Tweetable Quotes: “Adding an income rider to your annuity creates your own personal, private pension” – Murs Tariq “If you've got $200,000 in an annuity with an income rider, that's going to pay you $1,000 a month, or $12,000 a year, guaranteed for the rest of your life.” – Radon Stancil Important Links & Mentions: Find parts 1-5 of the “Annuities – Why Ever Use Them” series on your podcast app or watch the video versions on our Secure Your Retirement YouTube channel: Part 1: https://www.youtube.com/watch?v=uWAEacnGO28&t=0s (https://youtu.be/uWAEacnGO28) Part 2: https://www.youtube.com/watch?v=WowKPRfsocQ&t=0s (https://youtu.be/WowKPRfsocQ) Part 3: https://www.youtube.com/watch?v=aWa6R1OAONg&t=0s (https://youtu.be/aWa6R1OAONg) Part 4: https://www.youtube.com/watch?v=Sd-9GRHACYk&t=0s (https://youtu.be/Sd-9GRHACYk) Part 5: https://youtu.be/E9HMvSsri-o (https://youtu.be/E9HMvSsri-o)

Book your free 15-minute call with our advisors to discover how an annuity income rider could benefit your retirement plan: https://www.youtube.com/redirect?event=video_description&redir_token=QUFFLUhqbXZkdUFqZ3FKbmJhUWhJazZIT0hwTFFxdW1NZ3xBQ3Jtc0tsMDJMRkNZT2hHX0VOd2ZUSGQyYi1FMXBYOVFNWkgwM1RlQklSNHJfY3loZHZNb3N6bmpDcWkxal9mM1JpZU1jd2NwMjZMcWk0akVDQUpockM4b3VPbEs0Ykd6alBsbHFZNUp2ZDk5R3pjdExqTWJzcw&q=https%3A%2F%2Fpomwealth.net%2F (https://pomwealth.net/) Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit http://pomwealth.net/podcast (POMWealth.net/podcast). To receive our free book, Get Off the Retirement Rollercoaster, leave a 5-star rating review on Apple Podcasts and send a screenshot to morgan@pomwealth.net.

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Preparing for retirement affects all areas of your life, including your home. It’s both a financial asset and an emotional one. Your home holds more than just stuff, it holds memories, so planning to downsize or even simply declutter your space can feel overwhelming. As we’re all spending so much more time in our houses, it’s never been more important to ensure that your home works for you. In this lifestyle podcast episode, we talk to Sherri and John Monte to get their tips and advice for optimizing your living space. Sherri and John are Co-founders of Elegant Simplicity, an award-winning interior design and home organization firm aimed at helping people curate meaningful connections with everything in their home. In this episode find out: What sets Sherri and John apart from other interior designers The three-step process to creating a beautiful and practical space How to approach organizing and decluttering your home Why organization is all about mindset How to develop your personal style Why you should treat your home as a “love investment”

Tweetable Quotes: “Our home should be designed to serve us.” – Sherri Monte “Everything that’s successful in life is systematized.” – John Monte Important Links & Mentions: https://elegantsi.com/ (Sherri and John’s website)

Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit http://pomwealth.net/podcast (POMWealth.net/podcast). To receive our free book, Get Off the Retirement Rollercoaster, leave a 5-star rating review on Apple Podcasts and send a screenshot to mailto:morgan@pomwealth.net.

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How do I move money between my retirement accounts without getting taxed? This is a question we often hear from our clients. You may have multiple retirement accounts, and consolidating them or moving your money into a more manageable account might be appealing to you. But there are rules and limitations to how you can transfer money between them. In this episode of Retirement In Action on the Secure Your Retirement podcast, we walk you through the process of doing a 401k or IRA rollover, explain why you might want to do one, and when you’ll be eligible. In this episode find out: What a rollover is Why a rollover might benefit you The difference between a trustee-to-trustee transfer vs. a 60-day rollover Why we don’t recommend using a 60-day rollover as a personal loan What makes you eligible for a rollover How to execute a rollover

Tweetable Quotes: “Sometimes people think, if I've got a 401k with this big company, I get better rates – that is not true.” – Radon Stancil “Two ways that make you eligible to do 401k rollovers are reaching age 59 and a half or above, or separation of service.” – Murs Tariq Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit http://pomwealth.net/podcast (POMWealth.net/podcast). To receive our free book, Get Off the Retirement Rollercoaster, leave a 5-star rating review on Apple Podcasts and send a screenshot to mailto:morgan@pomwealth.net.

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Is now a good time to invest in real estate? Real estate can be a decent way to diversify your portfolio, but you should first consider what type of real estate investor you want to be, active or passive? There are three main ways you can invest in real estate. You could buy a property and flip it, rent it out, or you could use a real estate investment trust. Someone who’s got experience in all three is Dave Seymour, CEO and Co-founder of real estate investment firm Freedom Venture Investments. Dave started his career flipping houses (you might recognize him from his A&E TV show, ‘Flipping Boston’) but now takes a lower-risk approach to real estate investment. In this podcast episode, he joins Murs and Radon to share why his strategy changed and his thoughts on investing in the current real estate market. In this episode find out: How Dave began his real estate career Dave’s perspective on the current real estate market Why real estate investors are anticipating more volatility but expecting new opportunities Why Dave has steered away from a high-risk, high-return strategy to a lower-risk, cash-flow focused approach What you should consider if you want to invest in real estate How a real estate investment trust works What real estate investors learned from the 2008 crash and how they’re applying their experience today

Tweetable Quotes: “We anticipate, as professional real estate investors, an uptick in foreclosures” – Dave Seymour “True wealth is created through assets.” – Dave Seymour Important Links & Mentions https://www.freedomventure.com/ (Dave's website, Freedom Venture) https://www.linkedin.com/in/daveseymour343/ (Dave’s LinkedIn) Call Dave on (781) 922-4418

Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit http://pomwealth.net/podcast (POMWealth.net/podcast). To receive our free book, Get Off the Retirement Rollercoaster, leave a 5-star rating review on Apple Podcasts and send a screenshot to mailto:morgan@pomwealth.net.

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Guaranteed income options can be limited in retirement, but an annuity income rider can help. Your Social Security benefit and pension are both types of guaranteed income and, from a retirement planning perspective, they should cover your essential income needs. But what if they don’t? Some annuities offer an income rider feature designed to provide you with guaranteed income for the rest of your life. If you’re considering getting an annuity or already have one, listen to this episode to find out if an income rider could benefit you. Press “play” to hear Radon and Murs continue their “Annuities – Why Ever Use Them” series by explaining how an income rider works, what the fees are, and what the long-term benefits can be. In this episode find out: Why we recommend a fixed index annuity for retirees What guaranteed income is and why it’s important in retirement How an annuity income rider provides guaranteed income The cost of an annuity income rider How an annuity income rider could suit your future

Tweetable Quotes: “When you add an income feature to an annuity, it gives you lifetime income” – Radon Stancil “The longer you wait to take income from an annuity, the higher the income will be” – Radon Stancil Important Links & Mentions https://youtu.be/uWAEacnGO28 (Part 1 – Annuities – Why Ever Use Them) https://youtu.be/WowKPRfsocQ (Part 2 – Annuities – Why Ever Use Them) https://youtu.be/aWa6R1OAONg (Part 3 – Annuities – Why Ever Use Them) https://youtu.be/Sd-9GRHACYk (Part 4 – Annuities – Why Ever Use Them) https://pomwealth.net/ (Our website)

Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit http://pomwealth.net/podcast (POMWealth.net/podcast). To receive our free book, Get Off the Retirement Rollercoaster, leave a 5-star rating review on Apple Podcasts and send a screenshot to mailto:morgan@pomwealth.net.

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Our lives might look very different today from how they looked 12 months ago but we’ve been blown away by how quickly and successfully everyone has adapted. In this first Wine Down Show of 2021, we discuss how communities and businesses are maintaining connection – even when socially distanced. Listen in as two of our previous podcast guests, Emily Smith and Andrea Groon, join us once again to share their thoughts, and, of course, a glass of wine! Emily is the Director of Sales and Marketing at Glenaire retirement community, and Andrea is a Licensed Dietitian and Nutritionist. To hear more from them, listen to their previous podcast interviews, "Emily Smith - Continuous Care Retirement Community - What Are Your Options?," and "Andrea Groon - How to be Healthy in 2021." In this episode find out: Which wine has more health benefits How retirees embraced video conferencing technology How CCRCs are reaching out to future residents Why video conferencing could become a permanent part of business communications Three small changes you can make today to make yourself healthier How activities and groups help CCRC residents stay active

Tweetable Quotes: “[Technology] has opened our eyes to how we can stay connected.” – Emily Smith “As you age, you tend to drink less. If you do not consume a lot of fluids, especially water, it can be a challenge to increase that intake.” – Andrea Groon Important Links & Mentions: https://nutritionandrea.com/ (Andrea’s website) http://www.glenaire.org/ (Glenaire’s website) Call Glenaire on (919) 460-8095

Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit http://pomwealth.net/podcast (POMWealth.net/podcast). To receive our free book, Get Off the Retirement Rollercoaster, leave a 5-star rating review on Apple Podcasts and send a screenshot to mailto:morgan@pomwealth.net.

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If you’re thinking about long-term care, you may be considering your insurance options. Your regular health insurance and Medicare won’t cover long-term care, so transferring financial risk to an insurance company can give you peace of mind. But what options are there, and which plan is right for you? In this episode of the Secure Your Retirement podcast, we’re breaking down long-term care insurance policies and sharing the differences between them. We also cover how you can customize plans to suit your requirements and give you the need-to-knows about traditional and hybrid models. In this episode find out: What qualifies you for long-term care How long-term care insurance works The differences between traditional and hybrid insurance Which traditional insurance factors you can customize Why hybrid insurance is often preferred

Tweetable Quotes: “Traditional long-term care insurance can be custom tailored to whatever you're looking for and how much risk you want to cover” – Murs Tariq “A lot of people have favored the hybrid long-term care insurance model over the traditional” – Radon Stancil Important Links & Mentions: https://www.scheduleyou.in/ZjtcsuW (Book a complimentary call) https://pomwealth.net/ (Our website)

Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit http://pomwealth.net/podcast (POMWealth.net/podcast). To receive our free book, Get Off the Retirement Rollercoaster, leave a 5-star rating review on Apple Podcasts and send a screenshot to mailto:morgan@pomwealth.net.

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Retirement is often associated with sitting back, relaxing, and pursuing hobbies that you might not have had time for before. Many retirees also use their new-found free time to expand their minds. No matter what stage of life you’re in, it’s never too late to find joy in art. Art is a broad topic with a vast and fascinating history that you may not know about. Jennifer Dasal joins us on this episode to share how art can be accessible, fun, and interesting at any age. Jennifer is the Curator of Modern and Contemporary Art at the North Carolina Museum of Art. She’s also an author and creator of the ArtCurious podcast, where she reveals unexpected, slightly odd, and strangely wonderful stories hidden in art history. If you enjoy this episode and want to hear more like this, please let us know by giving us a 5-star rating. In this episode find out: What led Jennifer to pursue a career in art What an art curator is How a “conspiracy” about the Mona Lisa inspired Jennifer to start a podcast and write a book Where to find and buy art locally Jennifer’s local and international museum recommendations How museums have adapted since COVID-19

Tweetable Quotes: “Art is just like anything else, like movies or music. You're going to be drawn to something probably very different to the person next to you.” – Jennifer Dasal “You don't have to understand everything, nor do you have to like everything.” – Jennifer Dasal Important Links & Mentions https://www.artcuriouspodcast.com/ (Jennifer’s podcast) https://www.amazon.com/gp/product/0143134590?tag=randohouseinc33773-20 (Jennifer’s book)

Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit http://pomwealth.net/podcast (POMWealth.net/podcast). To receive our free book, Get Off the Retirement Rollercoaster, leave a 5-star rating review on Apple Podcasts and send a screenshot to morgan@pomwealth.net.

ArtCurious: Stories of the Unexpected, Slightly Odd, and Strangely Wonderful in Art History

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How does a fixed index annuity grow my money risk-free? As you approach retirement, you might become increasingly risk-averse with your money. Often this means accepting lower rates of return in exchange for guaranteed money safety. But fixed index annuities can provide a good solution for those still seeking higher returns but who don’t want any risk. This is the fourth installment in our “Annuities – Why Ever Use Them” series, so if you’ve missed parts 1, 2, or 3, please scroll down and click the links to listen to the previous episodes. In this podcast episode, we detail how insurance companies manage fixed index annuities and break down how they earn interest, so you can understand how this product could benefit you. In this episode find out: A brief recap of the different types of annuity How fixed index funds earn interest, and how caps protect against market volatility How insurance companies guarantee your principal risk-free Why we recommend adding a fixed index annuity to your retirement portfolio

Tweetable Quotes: “Fixed index annuities can have a place within our portfolio when it comes to planning for retirement” – Radon Stancil “If you're in the fixed indexed annuity environment, the worst you can do in an annual reset period is earn zero” – Murs Tariq Important Links & Mentions: https://youtu.be/uWAEacnGO28 (Part 1 – Annuities – Why Ever Use Them) https://youtu.be/WowKPRfsocQ (Part 2 – Annuities - Why Ever Use Them) https://youtu.be/aWa6R1OAONg (Part 3 – Fixed Annuities - Everything You Need to Know) https://pomwealth.net/ (POMWealth.net)

Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit http://pomwealth.net/podcast (POMWealth.net/podcast). To receive our free book, Get Off the Retirement Rollercoaster, leave a 5-star rating review on Apple Podcasts and send a screenshot to mailto:morgan@pomwealth.net.

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What’s in store for the U.S. economy in 2021? The economy is still recovering after COVID-19’s drastic impact, but with a new president and a vaccine rollout lined up for this year, what economic changes can we expect to see? We invited Andrew Opdyke to share his economic forecast on this episode of the Secure Your Retirement podcast. Andrew is a Certified Financial Advisor and Economist at First Trust Advisors, an asset management firm in the Midwest. He previously joined us on the podcast to discuss how the economy impacts retirement, and we’re delighted that he could join us once again. Listen to hear his thoughts on where our economy is heading in 2021. In this episode find out: How the economy will move forward after 2020’s crash and recovery Why the outlook for 2021 looks positive How stimulus packages will affect the economy long-term Why the economy cares about policy, not politics How election results may influence stimulus spending and inflation Why a slow COVID-19 vaccine rollout is making economists nervous Why Andrew maintains an optimistic outlook for 2021

Tweetable Quotes: “The policies we’re likely to see this year are going to be heavily focused on ‘how do we get back to where we were?’” – Andrew Opdyke “The math says 2021 should be a strong year.” – Andrew Opdyke Important Links & Mentions: https://podcasts.google.com/feed/aHR0cHM6Ly9mZWVkcy5jYXB0aXZhdGUuZm0vc2VjdXJlLXlvdXItcmV0aXJlbWVudA/episode/YWQ4OGI1NWUtZTg0Yi00ZDM1LTllYTQtNjQ4MGRkMzM5ZGU4?sa=X&ved=0CAUQkfYCahcKEwiw6YaZjYzuAhUAAAAAHQAAAAAQCA&hl=en-GB (Andrew Opdyke - Does the Economy Impact Your Retirement?) https://www.linkedin.com/in/andrewopdyke/ (Andrew’s LinkedIn)

Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit http://pomwealth.net/podcast (POMWealth.net/podcast). To receive our free book, Get Off the Retirement Rollercoaster, leave a 5-star rating review on Apple Podcasts and send a screenshot to mailto:morgan@pomwealth.net.

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What are your financial goals for 2021? As you approach retirement, there can be many moving parts to your finances. From mortgages and 401Ks to Social Security and Medicare, it can become increasingly challenging to keep up. That’s why we recommend conducting a thorough review of your finances early in the year. Planning ahead can give you peace of mind that your retirement finances are being taken care of, so you can focus on the more important things in life. But knowing where to start can be a challenge in itself. That’s why this episode of our Retirement In Action series provides you with a retirement and financial planning checklist. We share what you should review to set you up for a prosperous 2021 and some key information to help you plan your finances. In this episode find out: The limitations to 401K and IRA contributions for 2021 How to consolidate 401Ks and IRAs tax-free How to plan for RMDs How an equity line of credit can provide easy access to emergency cash reserves Why you should refinance sooner rather than later – if you’ve got a loan on a property When you should apply for Social Security

Tweetable Quotes: “For 401Ks, the contribution limit for 2021 is $19,500. If you're above 50 years old, you can add an additional $6,500.” – Murs Tariq “You can move your money from 401K plans to an IRA, completely tax-free” – Radon Stancil Important Links & Mentions: https://podcasts.google.com/feed/aHR0cHM6Ly9mZWVkcy5jYXB0aXZhdGUuZm0vc2VjdXJlLXlvdXItcmV0aXJlbWVudA/episode/ZDk2YjgyZWItZWJlYy00YTUwLTg4OTItZDBmMGI1YmFhZTk3?sa=X&ved=0CA0QkfYCahcKEwjI4_eW0fPtAhUAAAAAHQAAAAAQAQ (Tammi Rowe – Planning Your Mortgage and Retirement) https://podcasts.google.com/feed/aHR0cHM6Ly9mZWVkcy5jYXB0aXZhdGUuZm0vc2VjdXJlLXlvdXItcmV0aXJlbWVudA/episode/MWY4MTEzNDEtZDM1OS00ODA4LWE3YzYtMDI1OWVlNzJhNDFl?sa=X&ved=0CA0QkfYCahcKEwjI4_eW0fPtAhUAAAAAHQAAAAAQAQ (Roth Conversion - When and How) https://podcasts.google.com/feed/aHR0cHM6Ly9mZWVkcy5jYXB0aXZhdGUuZm0vc2VjdXJlLXlvdXItcmV0aXJlbWVudA/episode/NDg3YjgyMGYtMTk2Mi00NzZjLWEwN2QtN2MzM2M2N2MwOWYz?sa=X&ved=0CA0QkfYCahcKEwjI4_eW0fPtAhUAAAAAHQAAAAAQAQ (Navigating Medicare in Retirement) Text us your questions on 984-207-1753

Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit http://pomwealth.net/podcast (POMWealth.net/podcast). To receive our free book, Get Off the Retirement Rollercoaster, leave a 5-star rating review on Apple Podcasts and send a screenshot to mailto:morgan@pomwealth.net.

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Ensuring you have a long and enjoyable retirement starts with looking after yourself. Now, a strong immune system is more vital than ever. As we age, it becomes more important for us to take care of our health. But it can be difficult to understand what dietary changes you need to make and why. We wanted to find out some simple ways for improving our health, so we invited Andrea Groon, a Licensed Dietitian and Nutritionist, onto this episode of the podcast. Andrea is an expert in her field with over 25 years’ experience as a dietitian, and she kindly shares her tips and advice for staying fit and healthy as you age. In this episode, find out: How to set attainable health targets What dietary changes can strengthen your immune system How to keep your brain healthy as you age What foods can decrease the risk of Alzheimer's and control cholesterol levels How to achieve realistic exercise goals Why moderating sugar consumption can reduce inflammation

Tweetable Quotes: “Working towards our improved wellness is just a path and taking that first step or two sometimes is all it takes to get you into a better place” – Andrea Groon “A lot of the foods that help with brain health are foods that help control or reduce cholesterol levels.” – Andrea Groon

Important Links & Mentions https://nutritionandrea.com/ (Andrea’s website) Text us your retirement questions at 984-207-1753

Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit http://pomwealth.net/podcast (POMWealth.net/podcast). To receive our free book, Get Off the Retirement Rollercoaster, leave a 5-star rating review on Apple Podcasts and send a screenshot to morgan@pomwealth.net.

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Could a fixed index annuity help to boost your retirement assets? A lot of people are put off annuities because they’re more complicated than other retirement income products. But if you want to make the most of your assets, we think they’re something you should consider. In this episode of the Secure Your Retirement podcast, we’re continuing our conversation about annuities to get you thinking about them differently. Sharing advice on fixed index annuities, we’ll show you how they work and what they can offer your retirement plan. In this episode, find out: What fixed index annuities are and how they work The difference between fixed index and other types of annuities How you earn interest on a fixed index annuity What an index cap is and how it affects what you can earn The definition of ‘participation’ and what it means for your annuity

Tweetable Quotes: “Annuities are what we would consider a bond alternative…a place where we can get very good fixed income streams” – Radon Stancil “A cap is essentially a ceiling on how much interest you can earn in a reset period” – Murs Tariq Important Links & Mentions: Text our hotline: 984-207-1753

Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit http://pomwealth.net/podcast (POMWealth.net/podcast). To receive our free book, Get Off the Retirement Rollercoaster, leave a 5-star rating review on Apple Podcasts and send a screenshot to mailto:morgan@pomwealth.net.

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What’s given retirees peace of mind this year? It’s certainly been a tumultuous year. After facing so many uncertainties, we wanted to take this opportunity to find out what’s given retirees confidence and peace of mind in their retirement plans this year. We’re delighted to share the final episode of the Wine Down Show for 2020. The Wine Down Show is where we share perspectives from those living in or phasing into retirement, so we’re delighted to be joined by four special guests, Tom and Lorrain Bowen, and Peter and Julie Kaylid. We invite you to listen in as we discuss topics from previous podcast episodes, including ‘Emily Smith – Continuous Care Retirement Community – What Are Your Options’, ‘Mark Hulbert – What it Means to Be a Contrarian’, and ‘Denise Appleby – Secure Act – Cares Act and Retirement’. In this episode find out: What to consider when looking at CCRCs and how they vary in amenities and cost The potential benefits of contrarian thinking What our guests have learned from the events of 2020 Why working with financial planners can give you peace of mind in an unpredictable time

Tweetable Quotes: “In a nutshell, CCRCs do vary quite a bit. Some have independent care and assisted living care – you have to decide what amenities you want and what’s the cost of it.” – Julie Kaylid “If we were to invest emotionally, we’d be too close to it.” – Tom Bowen “There really is a peace of mind in a retirement planning approach.” – Peter Kaylid Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit http://pomwealth.net/podcast (POMWealth.net/podcast). To receive our free book, Get Off the Retirement Rollercoaster, leave a 5-star rating review on Apple Podcasts and send a screenshot to mailto:morgan@pomwealth.net.

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The stretch IRA is dead. But what does that mean for you, your IRA, and your beneficiaries? When the Secure Act was introduced in January 2020, it killed off the “stretch” IRA, leaving many people wondering how best to manage their inheritance assets. If you’re concerned about what all of this means for you and you have a lot of questions about how the new rules will affect your retirement plan and beneficiaries, you’re in the right place. In this episode of the Secure Your Retirement podcast, we’re taking a look at what happened to the stretch IRA and how it’s changed inheritance planning. We also cover some of the alternatives to the stretch, including life insurance and Roth conversions. In this episode, find out: What happened to the stretch IRA What the new rules are on using an IRA for inheritance planning What to consider when withdrawing from an IRA inheritance fund How to manage your inheritance now that the stretch IRA is gone How Roth conversions and life insurance can replace the stretch IRA

Tweetable Quotes: “Because of the Secure Act, your RMD has been pushed to age 72” – Murs Tariq “For a non-spouse beneficiary…they have to have the money out of the IRA within 10 years” – Radon Stancil

Important Links & Mentions Text our hotline: 984-207-1753

Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit http://pomwealth.net/podcast (POMWealth.net/podcast). To receive our free book, Get Off the Retirement Rollercoaster, leave a 5-star rating review on Apple Podcasts and send a screenshot to morgan@pomwealth.net.

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How do Warren Buffett and Bill Gates stay sharp? According to an interview, Warren Buffet plays bridge multiple times a week, and sometimes with Bill Gates. Both men are known as some of the greatest minds of the 20th century and, even as they approach (and surpass) retirement age, they show no signs of slowing down. Could playing bridge be why? In this episode of Secure Your Retirement, Radon and Murs are joined by Phillip Alder, a bridge expert. Phillip was a bridge columnist for the New York Times for over ten years and has spent his life playing, teaching, and writing all about bridge. Phillip shares some fascinating insights into how bridge can improve your mental and physiological state. He also explains the best way to start playing bridge – even if you’re a beginner – so that you can stay sharp beyond retirement age. In this episode find out: How Phillip’s childhood interest became his career How to play bridge – a brief overview The surprising physiological effects of bridge Why bridge clubs are the perfect place to learn how to play Why younger people should start playing bridge

Tweetable Quotes: “Bridge is great for keeping the brain busy. The more you use your brain, the better it is.” – Phillip Alder “At the beginning, you want a teacher and three friends to play with, who can guide you through the absolute basics of the game.” – Phillip Alder Important Links & Mentions https://www.amazon.com/Bridge-Dummies-Eddie-Kantar-dp-1119247829/dp/1119247829/ref=dp_ob_title_bk (Bridge For Dummies by Eddie Kantar) Phillip Alder’s website, http://bridgeforeveryone.com/ (Bridge for Everyone) https://www.acbl.org/ (American Contract Bridge League) https://www.abtahome.com/ (American Bridge Teachers’ Association)

If you want to contact Phillip, you can get in touch with him at phillip@bridgeforeveryone.com. Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit http://pomwealth.net/podcast (POMWealth.net/podcast). To receive our free book, Get Off the Retirement Rollercoaster, leave a 5-star rating review on Apple Podcasts and send a screenshot to mailto:morgan@pomwealth.net.

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Are you thinking of putting money into an annuity for your retirement? You may have a lot of questions about how annuities work and the options available. With a range of annuities to choose from, you need to understand what they offer and how they can support your retirement plans. In part two of our ‘Annuities – Why Ever Use Them’ series, we’re taking a closer look at retirement options, focusing specifically on deferred fix annuities. Showing you how they work and the benefits they can offer, we want to shine a light on a subject that’s often seen as overly complicated. In this episode, find out: What deferred fixed annuities are The main types of deferred fixed annuities How declared rate annuities work How fixed index annuities work How interest is credited on a fixed index annuity

Tweetable Quotes: “You cannot lose money due to market volatility in a fixed index annuity” – Murs Tariq “Fixed annuities mean that the insurance company guarantees my principal” – Radon Stancil

Important Links & Mentions https://www.youtube.com/watch?v=uWAEacnGO28 (Watch Annuities Part 1) Text our hotline: 984-207-1753

Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit http://pomwealth.net/podcast (POMWealth.net/podcast). To receive our free book, Get Off the Retirement Rollercoaster, leave a 5-star rating review on Apple Podcasts and send a screenshot to morgan@pomwealth.net.

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Do you ever feel that retirement plan rules are changing too fast? It can be hard to keep up with the changes to IRAs, 401ks, and RMDs – especially this year. The Secure Act and the Cares Act present some unique tax benefit opportunities that you may want to take advantage of. However, knowing what they are, if you fit the requirements, and how long they last, can be confusing. We invited Denise Appleby, CEO of Appleby Retirement Consulting Inc., onto this episode of podcast to share her insights into the ever-changing world of IRAs so you can make the most of any potential tax benefits. Denise is our go-to consultant for IRA questions as she has over 20 years of experience in the retirement plans sector. We were delighted that she could join us, and hope that this episode is useful to you. In this episode find out: How the Secure Act is affecting IRAs – including the 10% additional tax on distributions that most people don’t know about How the Secure Act changed the stretch IRA What a QCD (qualified charitable distribution) is and why you should consider making one Why you do not have to take RMDs in 2020 under the Cares Act The three significant tax benefits from Coronavirus related distributions

Tweetable Quotes: “It doesn't matter what your age is, you can make a contribution to a traditional IRA as long as you have eligible compensation. This rule applies to contributions that are made for 2020 and after.” – Denise Appleby “Typically, when you take a distribution from your retirement account, it has to be included in income for the year distribution. But a Coronavirus related distribution is an exception to that.” – Denise Appleby “If 2020 has taught us anything, it’s that these rules are a moving target. So, if you read an article online, listen to a radio show, or heard some information, don't assume that that information is going to be correct tomorrow.” – Denise Appleby Important Links & Mentions: Denise’s https://www.linkedin.com/in/deniseappleby/ (LinkedIn) https://applebyconsultinginc.com/ (Appleby Retirement Consulting Inc.)

If you’ve got any questions that you’d like to ask Radon and Murs, we want you to get in touch! Text us on +1 (984) 207-1753. Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit http://pomwealth.net/podcast (POMWealth.net/podcast). To receive our free book, Get Off the Retirement Rollercoaster, leave a 5-star rating review on Apple Podcasts and send a screenshot to mailto:morgan@pomwealth.net.

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Is a Roth IRA right for you? Many people want to know whether they should put their money into a traditional IRA or a Roth IRA, and which will serve them better in the long term. However, it’s important to understand the differences between the two and how your future financial plans can help you decide. Roth IRAs and conversions are a popular topic for those approaching retirement, so in this episode of our Retirement In Action series, we explain their whys, whens, and hows. Listen in to hear why a Roth IRA might be more beneficial for you, when to do a Roth conversion, and how you can begin the process. In this episode, find out: The differences between a Roth IRA and a traditional IRA What is an RMD, and how it applies to a traditional IRA Which option suits your future tax bracket How conversion and contribution differ When you should do a Roth conversion The step-by-step Roth conversion process

Tweetable Quotes: “A Roth conversion makes a lot of sense if you’re in a low tax bracket” – Radon Stancil “A very quick difference between a traditional IRA and the Roth is that the Roth is tax-free” – Murs Tariq Important Links & Mentions Text our hotline: 984-207-1753

Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit http://pomwealth.net/podcast (POMWealth.net/podcast). To receive our free book, Get Off the Retirement Rollercoaster, leave a 5-star rating review on Apple Podcasts and send a screenshot to mailto:morgan@pomwealth.net.

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What is a contrarian way of thinking, and how can it change your approach to investing? While it's easy to get caught up in the mainstream news and financial shows, they aren't always the best way to get information on your investments. A contrarian way of thinking is a different and interesting approach that gets away from what you hear in the news and starts to drill into the numbers. It's been Mark Hulbert's focus for his 40+ year career, so we invited him to share his thoughts in this episode. Mark is a columnist for MarketWatch, Callaway Climate Insights, and TheStreet and has also been featured in The Wall Street Journal and The New York Times business section. Previously, Mark founded the Hulbert Financial Digest, which tracked the performance of stock market investment newsletters for 36 years. He is fascinated by market trends and strives to figure out how the world works by understanding differences and regularities in the market. In this episode find out: How tracking investment performance has changed over the last 40 years How Mark’s contrarian perspective has shaped his career What drew Mark to analyzing investment newsletters Why Mark believes you can’t ignore different approaches to investment analysis The system that Mark uses to model portfolios and track their performance What realization triggered Mark’s contrarian thinking Mark’s thoughts on the market changes due to COVID-19, The Federal Reserve’s actions, and the presidential election Why Mark created The Hulbert Stock Newsletter Sentiment Index

Tweetable Quotes: “The economy responds to uncertainty” “The next couple of years are far riskier than I think the market right now is betting” “I always bet that the market will probably be a bit higher because historically, that's the most intelligent bet” Important Links & Mentions: https://www.marketwatch.com/author/mark-hulbert?mod=MW_author_byline (Mark’s MarketWatch column) https://www.callawayclimateinsights.com/people/9075761-mark-hulbert (Mark’s Callaway Climate Insights articles) https://www.thestreet.com/author/mark-hulbert (Mark’s TheStreet articles)

Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit http://pomwealth.net/podcast (POMWealth.net/podcast) To receive our free book, Get Off the Retirement Rollercoaster, leave a 5-star rating review on Apple Podcasts and send a screenshot to mailto:morgan@pomwealth.net.

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Should an annuity be part of your retirement plan? If you want to make the most of your later years, investing in the right income streams can offer financial freedom in retirement. The question is, can an annuity help you achieve your financial goals? In this episode, we’re looking at the ins and outs of annuities and sharing tips and advice to help you decide if they’re right for you. We cover what they are, why people invest in them, and we’ll show you how an annuity could fit into your retirement plan. In this episode, find out: What annuities are How annuities work Whether or not you should consider an annuity The pros and cons of different types of annuities How to plan for an annuity as part of your retirement

Tweetable Quotes: “Fixed income sources that were relied upon 20-25 years ago are just not as attractive anymore” – Murs Tariq “Do not compare a fixed index annuity to the stock market – that is a very wrong comparison” – Radon Stancil Important Links & Mentions Text our hotline: 984-207-1753 Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit http://pomwealth.net/podcast (POMWealth.net/podcast) To receive our free book, Get Off the Retirement Rollercoaster, leave a 5-star rating review on Apple Podcasts and send a screenshot to morgan@pomwealth.net

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We’re reviewing our recent podcast topics of mortgages, investments, and more, with some special guests and a glass of wine in this episode of the Wine Down Show! We’re looking back at three recent podcast episodes, ‘How a Reverse Mortgage Helps in Retirement’, ‘Bill Sherman – Buy and Hold is Dead’, and ‘Tammi Rowe – Planning Your Mortgage and Retirement’ and getting our guests’ thoughts and answering their questions. Joining Radon, Murs, and Morgan in this Wine Down Show are three real podcast listeners, retirees Lynn Senior, Marlene Wilson, and Cindy Jurgensen. Lynn, Marlene, and Cindy all shared some fantastic insights during our discussion, from their own experiences with finances in retirement to the things that they’ve learned from the podcast that have really surprised them! It's a great conversation that we can’t wait for you to hear. So, grab a glass of wine – or your favorite drink – sit back, and join us as we discuss reverse mortgages, refinancing, and more! In this episode, find out: Lynn, Marlene, and Cindy’s thoughts on reverse mortgages, and how their opinion changed The potential downsides to reverse mortgages Why Marlene’s buy and hold perspective changed drastically Why your investing focus should be risk tolerance over age When and why you should consider refinancing Why Lynn, Marlene, and Cindy all refinanced and how they did it Why cash flow is a priority as a retiree

If you’ve got any questions about this episode, or if there are any topics that you’d like us to cover, text it to us on +1 (984) 207-1753. If you enjoy this episode, please subscribe to get every new Secure Your Retirement episode, including the Wine Down Show, downloaded directly to your app. Tweetable Quotes: “It's more about keeping what we’ve got, once we get closer to retirement, than it is about trying to make a bigger return.” “We're refinancing, not only to take advantage of the lower interest rates but to increase cash flow.” “Your view of the typical retiree is that you need to have your house paid off. But I've always wondered, why?” Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit http://pomwealth.net/podcast (POMWealth.net/podcast). To receive our free book, Get Off the Retirement Rollercoaster, leave a 5-star rating review on Apple Podcasts and send a screenshot to morgan@pomwealth.net.

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Do your parents need a little extra help? Assisted living could be the answer. Talking to your parents about moving into assisted living can be difficult. With a lot to consider, both financially and emotionally, you might find it a tricky topic to approach. We’re sharing our advice on assisted living to help you have an honest discussion with your parents about their transition. Covering things like cost, logistics, and key considerations, this episode can help you make the right call when it comes to your loved ones. In this episode, find out: What to consider when arranging assisted living for your parents The cost of moving your parents into assisted living The difference between assisted living and other types of retirement care How you can financially plan for a move to assisted living Stories about our clients who have arranged assisted living for their parents What help and support is available for people in your situation

Tweetable Quotes: “The big thing about these communities is that the wait list can be 5-15 years” – Murs Tariq “In assisted living, if you’re not in a position where you need a lot of care, you could find places for around $2,500-$3,000” – Radon Stancil Important Links & Mentions Text our hotline: 984-207-1753

Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit http://pomwealth.net/podcast (POMWealth.net/podcast). To receive our free book, Get Off the Retirement Rollercoaster, leave a 5-star rating review on Apple Podcasts and send a screenshot to morgan@pomwealth.net.

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If you think that retirement communities are for people who believe that their best days are behind them, think again. There are many misconceptions around continuing care retirement communities (CCRCs), including who they’re for, what services they provide, and how much they cost. These preconceived notions can put many people off from considering them, but they could be a desirable option for your future. CCRCs are an increasingly popular choice for people transitioning into retirement. We wanted to find out more about these communities, so we invited Emily Smith, Director of Sales and Marketing at Glenaire retirement community, to join us and to answer some of our CCRC questions. Emily has been in the retirement community industry for over 20 years and has seen it evolve to meet residents’ wider needs. She’s champions CCRCs as a fantastic solution for retirees looking for an easier way of living while still enjoying their independence. In this episode, Emily provides an overview of what you need to know about CCRCs and why you should consider them as a retirement option. In this episode, find out: What a continuing care retirement community (CCRC) is What’s included in the five different CCRC contracts Why you shouldn’t hesitate to join a waitlist How diagnoses can affect applications When to consider moving into a CCRC How CCRCs are evolving to meet a wider range of health and dietary requirements What options there are for spouses and joint applicants How your long-term care insurance works within a CCRC

Tweetable Quotes: “There is a price for peace of mind, it turns out. Because in our case, that's really what our residents are buying into is that peace of mind knowing that their care needs would be met for life.” “At Glenaire the age requirement [to move in] is 62. And if you're a couple, the first person has to be 62, and the second person has to be at least 58. But because of our long waitlist times, we do have people that have started joining the waitlist in their 50s.” “There really are no hidden fees for our residents. The monthly fee includes everything except their internet.” Important Links & Mentions http://www.glenaire.org/ (Glenaire’s website) Call Glenaire on (800) 225-9573 Text the Secure Your Retirement hotline with your questions on +1 (984) 207-1753

Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit http://pomwealth.net/podcast (POMWealth.net/podcast). To receive our free book, Get Off the Retirement Rollercoaster, leave a 5-star rating review on Apple Podcasts and send a screenshot to mailto:morgan@pomwealth.net.

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Does your retirement plan look at “The Whole Picture”? If you’re hoping to make big financial changes in your retirement (or as you approach retirement) finding out how your retirement plan accounts for these can give you the confidence to pursue your emotional and financial goals. In this episode of our Retirement In Action series, we look at how your real estate goals can affect your retirement plan. So, whether you’re considering buying a second home, moving to a retirement community, or paying off your mortgage, this is an episode you don’t want to miss. In this episode find out: What to consider if you’re nearing retirement and buying a second home What if you want to buy – and later sell – a second home? If you should make paying off your mortgage a priority How to financially plan for moving into a retirement community How a bespoke retirement income plan can cater to your individual needs

Tweetable Quotes: “When you’ve got a plan, you can move forward” – Radon Stancil “Cash flow is king when it comes to retirement” – Murs Tariq Important Links & Mentions Text our hotline: 984-207-1753

Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit http://pomwealth.net/podcast (POMWealth.net/podcast). To receive our free book, Get Off the Retirement Rollercoaster, leave a 5-star rating review on Apple Podcasts and send a screenshot to morgan@pomwealth.net.

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As you approach retirement, you may think that it’s increasingly difficult to get a mortgage. But that’s not always the case. In fact, there are many avenues to help retirees qualify for a mortgage, and you can discover them by speaking to a trusted mortgage advisor. That’s why we asked Tammi Rowe to join us in this episode. We asked for her expert guidance on buying property in retirement and what options refinancing can give you. Tammi is a Loan Officer with more than 15 years in the industry. She's a trusted professional with a diverse financial background that's taken her through positions at IBM, Cisco Systems, and GE Capital. Tammi's current role involves helping homebuyers navigate mortgage loans for their primary residence, second homes, and investment properties. In this episode, find out: Why Tammi is passionate about her career How retirees can qualify for a mortgage How to buy a second home when your primary residence hasn’t sold yet What a bridge loan is and how it could help you purchase property How to manage your credit score Why you shouldn’t close your credit cards The step by step financial process of buying a home The pros and cons of locking in interest rates How refinancing could help you get a lower repayment rate Why you should speak to a reputable mortgage advisor

Tweetable Quotes: “Everyone should talk to a mortgage professional because there are so many different reasons a refinance may make sense.” “It's always good to just have maybe an annual mortgage review to see if it makes sense to do anything different.” Important Links & Mentions https://movement.com/lo/tammi-rowe/ (Tammi’s website) Tammi’s phone number: 919-624-5550

Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit http://pomwealth.net/podcast (POMWealth.net/podcast). To receive our free book, Get Off the Retirement Rollercoaster, leave a 5-star rating review on Apple Podcasts and send a screenshot to morgan@pomwealth.net.

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What should you do if you are forced to retire suddenly? Whether you have been laid off or you received an offer with a severance package, facing sudden retirement can be a confusing and stressful time. There is a lot to think about, from severance packages to planning your finances for the future and so much more. In this episode of our Retirement In Action series, we share some stories of how we helped clients cope and plan for sudden retirement. We also share some insights and tips to help you prepare for this next phase of your life. In this episode find out: The first steps to take after finding out you need to retire suddenly Two stories about our clients who faced sudden retirement What you should do with your severance package and whether you should take it as a lump sum or spread it out over a few years Why and how to plan your finances for retirement Why you must consider your social security and health insurance when planning for sudden retirement Why you should seek help and assistance from a financial planner

Tweetable Quotes: “If you get a severance package…it’s much better to separate it over a few years” – Radon Stancil “Having a financial advisor to talk to can help you walk through things objectively” – Murs Tariq Important Links & Mentions Text our hotline: 984-207-1753

Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit http://pomwealth.net/podcast (POMWealth.net/podcast). To receive our free book, Get Off the Retirement Rollercoaster, leave a 5-star rating review on Apple Podcasts and send a screenshot to morgan@pomwealth.net.

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Buy and Hold isn’t all it’s cracked up to be. You may have been told that you should buy and hold your stocks and that it’s the number one investment strategy. However, buy and hold is a passive investment strategy, which means you buy stocks and hold them for a long time regardless of market fluctuations. If the market crashes, there is nothing you can do about it. Buy and hold is a very risky investment strategy that ignores volatility and market analysis. We reached out to Bill Sherman and asked him to share his professional opinion on whether buy and hold investing is a good idea. Bill is a professional money manager who has directly managed over $600 million during his career. He has spent the majority of his professional life providing investment management services to money management firms, individual investment advisors, and brokers across the country. In this episode, we talk to Bill about his viewpoint on buy and hold and why he believes it is not always a worthwhile investment strategy. In this episode find out: Where Bill grew up and how he found his way to money management The main flaw with asset allocation in buy and hold investing Why buy and hold is only beneficial if you are an institution with an infinite lifespan Why buy and hold investors believe that you can’t time the market and why this isn’t always the case How Bill and his team measure risk on a supply and demand basis Why it’s important to take evasive action when risk is high Why the essence of investment management is the management of risk, not the management of returns

Tweetable Quotes: “Buy and hold is terrific… if you are an institution with an infinite lifespan” “Those who don't take any evasive action when risk is high, may not survive and definitely won't thrive.” Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit http://pomwealth.net/podcast (POMWealth.net/podcast). To receive our free book, Get Off the Retirement Rollercoaster, leave a 5-star rating review on Apple Podcasts and send a screenshot to morgan@pomwealth.net.

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Do you know how much you will spend in retirement? How about what you’ll need to cover expenses such as food, utility bills, insurance, and so on? Income planning is one of the most important things you can do for retirement. Having a retirement income plan not only gives you peace of mind, but it lets you see exactly how much you have to spend during retirement. We want to help make sure that you create an income plan for retirement that you’re happy with. In this episode, we are joined by Morgan Dunn, our Chief Operating Officer, who asks some common questions we get from clients around retirement income plans. We walk you through how to build an income plan for retirement and share what expenses you need to consider while creating your income plan. In this episode find out: What a retirement income plan is How to break your income plan into three categories: essential needs, wants, and legacy Why you need a written retirement income plan Why it’s important to understand what is for retirement and what isn’t when building your income plan What to do if you think you’re short How to start building an income plan for retirement

Tweetable Quotes: “We break income down into three categories: Essential needs, Wants, & Legacy.” “Inflation can have a massive impact on those dollars, and we don't want to be inflating things that just aren't going to be there.” “Everyone should have a written retirement income plan.” Important Links & Mentions https://pomwealth.net/schedule-a-meeting/ (Book a 15-minute Complimentary Call with our Team) https://www.mint.com/ (Mint)

Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit http://pomwealth.net/podcast (POMWealth.net/podcast). To receive our free book, Get Off the Retirement Rollercoaster, leave a 5-star rating review on Apple Podcasts and send a screenshot to morgan@pomwealth.net.

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Is a reverse mortgage right for you? If you’re retired or headed towards retirement and thinking about buying a property, a reverse mortgage could be the answer you’re looking for. A reverse mortgage is essentially a mortgage loan that allows the borrower to access the property’s unencumbered value. Unlike typical mortgage loans, reverse mortgage loans typically do not require monthly mortgage payments and are usually offered to older homeowners. We get asked about reverse mortgages all the time, which is why we invited Ron Heath onto this episode of the podcast. Ron is an expert in reverse mortgages with over 13 years of experience in the reverse mortgage field. In this episode, he shares his thoughts on reverse mortgages and how they can help you in retirement. In this episode find out: Why Ron is passionate about reverse mortgages The difference between traditional mortgages and reverse mortgages How to access the equity in your home with a reverse mortgage How home equity differs from reverse mortgages Reasons why a reverse mortgage is beneficial for people in retirement A step-by-step walkthrough of how a reverse mortgage works How to transition from one house to a new house How a reverse mortgage works in terms of inheritance and how it impacts heirs How a reverse mortgage can be used for anyone considering this route with investments in the stock market Common misconceptions around reverse mortgages How to learn more about reverse mortgages and get the ball rolling Why counseling sessions are important during the reverse mortgage process

Tweetable Quotes: “There's no payment obligation associated with a reverse mortgage.” “Counsellors have been mandated not to offer an opinion. Their whole role is to educate.” “A reverse mortgage line of credit can never be frozen. It can never be reduced; it can never be canceled, unless the borrower is not meeting their obligations.”

Important Links & Mentions Ron Heath’s website: https://mutualraleigh.com/ (https://mutualraleigh.com/) Ron’s phone number: 919-412-0686 Ron’s email address: rheath@mutualmortgage.com

Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit http://pomwealth.net/podcast (http://pomwealth.net/podcast)

To receive our free book, Get Off the Retirement Rollercoaster, leave a 5-star rating review on Apple Podcasts and send a screenshot to morgan@pomwealth.net

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Are you planning to invest during retirement? If so, you’re probably debating whether you should choose the buy and hold investment strategy or active management. There are pros and cons to both, and in this episode of the Retirement in Action podcast, we take you through active management vs. passive management to help you make the best decision for your circumstances and your retirement plan. We’ll also discuss investing for retirement in volatile markets, which is extremely important for anyone getting closer to retirement or already retired. In this episode find out: What the buy and hold investment strategy is and how it works What active management is and how it differs to buy and hold How to protect yourself from significant downturns How to invest and deal with volatile markets Why active management is the best investment strategy in volatile markets

Tweetable Quotes: “When it falls, the market is like going down an elevator. Going back up is like riding an escalator – it’s a much longer process.” “The beauty of cash is cash doesn’t move; it just moves relative to everything else.” “Whenever the market is in demand, we will participate. When it's not in demand, we will not participate.” Important Links & Mentions · https://pomwealth.net/podcast/ (4 Steps to Secure Your Retirement)

Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit http://pomwealth.net/podcast (http://pomwealth.net/podcast) To receive our free book, Get Off the Retirement Rollercoaster, leave a 5-star rating review on Apple Podcasts and send a screenshot to morgan@pomwealth.net

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We’re very excited to bring you this special episode of our Wine Down Show from the Secure Your Retirement podcast. We sit down with real individuals and listeners of the podcast to talk about multiple topics from previous episodes… all while enjoying a glass of wine! What can be better than that? In this episode, we started with two special guests, Lynn Senior and Fran Martin, but due to technical difficulties, Lynn was unable to join us for a large part of the conversation. Nonetheless, Fran took the torch and led the way in what has been one of my favorite episodes of the Wine Down Show so far. We discuss everything from Medicare to navigating taxes, transitioning from corporate to self-employed (and semi-retirement), and Fran shares some wise words that she would tell her 20-year-old self. It’s a wonderful conversation packed with beneficial insights that will help anyone who is in retirement or preparing to make that transition very soon. So, let’s take some time to sit down with a glass of wine (or beverage of your choice) and listen to some fantastic insights. In this episode, find out: Why recent events in the world have made Fran want to discuss finances and money management with her family The limitations of 401(k) and asset allocation What Fran thinks about Medicare and why she finds it so confusing to navigate What Fran’s overall experience was like when she signed up for Medicare Why you should seek guidance for Medicare as you approach 65 What Fran learned about taxes from our interview with Tom Turner How a CPA can help you save money on taxes What Fran wishes she did differently in her early 20’s knowing what she knows now Transitioning from a corporate role to self-employed and semi-retired

Tweetable Quotes: “I think it's a great thing to have someone help you navigate Medicare.” “I have my own business now, and I'm retired too. So, the tax CPA that I use is really helping me to invest some of that money and put it into retirement.” “Pay attention to money management because it makes a difference.” Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit http://pomwealth.net/podcast (POMWealth.net/podcast). To receive our free book, Get Off the Retirement Rollercoaster, leave a 5-star rating review on Apple Podcasts and send a screenshot to morgan@pomwealth.net.

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Do you know how tax could affect your retirement plans? When planning for your retirement, it's important to consider how tax can impact your financial future. In the previous episode of the podcast, Tom helped us define some common tax terms and gave some fantastic advice on managing your tax before and after retirement. In this follow-up episode, Radon, Murs, and Morgan talk about putting CPA Tom Turner's tax and retirement advice into action. We break down how tax can affect your retirement income plan's different assets, so you know what to expect as you move towards retirement. In this episode, find out: How tax brackets apply to your retirement income plan The tax differences between your primary home and your vacation home What stock dividends are and how they’re taxed The issue with mutual fund dividends Why you shouldn’t rely on dividends as part of your retirement income plan When you should start taking your Social Security How required minimum distributions and charitable donations factor into your retirement income plan

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Tweetable Quotes: “We've changed minds on the right the right way to take Social Security because of how we look at it.” “You can take a portion or even all of your RMD and give that to a charity and it's now tax-free.” “We encourage all of you, any of you that are within ten years of retirement, or already in retirement, to make sure you have a written income plan.”

Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement. To access the course, visit http://pomwealth.net/podcast (http://pomwealth.net/podcast) To receive our free book, Get Off the Retirement Rollercoaster, leave this podcast a 5-star rating review on Apple Podcasts and send a screenshot to morgan@pomwealth.net

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As you begin to plan for your retirement, you may be wondering how tax could impact your finances and how to factor it into your retirement planning strategy. We were delighted to invite Tom Turner, CPA, and Partner at Heroux & Company, LLP, onto the podcast and get his expert insights on this complex subject. In this episode, we leverage Tom's 20 years of experience to break down how tax will affect your retirement plans. Tom defines some of the commonly used tax terms and simplifies some of the more confusing tax aspects and how they apply to your assets. In this episode, find out: What tax brackets there are and how a marginal tax structure works How retirement contributions can help lower the amount of tax you pay How tax comes into play when selling a property How stock dividends get taxed Why you don't need to put assets in an IRA on your tax return The benefits of working with a CPA over a "TurboTax" solution How your Social Security is taxed and what happens if you take it early What a Roth conversion is and how it could affect your Social Security taxes How to make tax-smart qualified charitable distributions

Tweetable Quotes: “We're in a tax bracket structure that's marginal. The more you make, the more you pay.” – Tom Turner “Managing your capital gains can make a big difference on your taxes.” – Tom Turner “The beauty of putting money into retirement is that it grows tax-free.” – Tom Turner Important Links & Mentions http://www.hcocpa.net/ (Heroux & Company) Call Tom on 9197889570 Email Tom directly at tturner@hcocpa.net

Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, visit http://pomwealth.net/podcast (POMWealth.net/podcast). To receive our free book, Get Off the Retirement Rollercoaster, leave a 5-star rating review on Apple Podcasts and send a screenshot to morgan@pomwealth.net.

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Do you need help planning your finances for long-term care? In the third installment of the Retirement in Action mini-series, we return to our roleplay with Radon, Murs, and Morgan to help you know what to expect when financially planning your retirement. This episode highlights how some typical retiree concerns, including long-term care planning, will be addressed in your financial retirement plan. We also discuss the process of finding the risk tolerance level that you’re happy with to manage your investment portfolio. To listen to this mini-series from the beginning, please listen to episode eight of the Secure Your Retirement podcast, ‘Planning for Retirement – How the Process Works, Part 1’. If you missed part two, please listen to episode ten of the Secure Your Retirement podcast, ‘Planning for Retirement – How the Process Works, Part 2’. In this episode, find out: How you can start to prepare financially for long-term care Why it’s necessary to have a good estate plan How to find out what your risk tolerance is How to a financial planner can help you to manage risk in your investment portfolio

Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement. To access the course, visit http://pomwealth.net/podcast (POMWealth.net/podcast). To receive our free book, Get Off the Retirement Rollercoaster, leave this podcast a 5-star rating review on Apple Podcasts and send a screenshot to morgan.

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If you are 65 or over, you may be considering signing up for Medicare. Medicare is federal health insurance for people aged 65 or older. However, younger people can also qualify for Medicare such as those with disabilities or end-stage renal disease. Although a lot of people transition to Medicare when they turn 65, there’s a surprising lack of general knowledge and insight into the federal health insurance program. We wanted to find out more about Medicare from someone who knows exactly how it works, what it covers, and who is eligible for it. So, we invited Lorraine Bowen (Medicare Specialist) onto this episode of the Secure Your Retirement podcast to talk about Medicare in more detail, including Medicare supplements, the four categories of Medicare coverage (Part A, B, C, and D), and so much more. In this episode find out: What got Lorraine into the Medicare profession and why she is so passionate about it Why Lorraine loves her role so much What Medicare is and why it is necessary What you should do if you are 65 or over and you want to find out if you are entitled to Medicare How Medicare’s penalties work What Medicare covers regarding medical expenses What the four categories: Part A (hospital insurance), Part B (medical insurance), Part C (Medicare Advantage), and Part D (prescription drugs) of Medicare covers What Part C (Medicare Advantage) means and how it works The difference between a Medicare Supplement policy (or Medigap) vs the Medicare Advantage The different types of Medigap insurance plans and policies that are available How Lorraine helps people decide which Medicare plan to choose Questions to ask yourself to help you decide what to look for when it comes to Medicare Part D and the Medicare Supplement route How somebody who is turning 65 can prepare to enroll for Medicare

Tweetable Quotes: “Medigap will go up every year, the Medicare Advantage plans do not. You can be 65 or 95, they're the same price on the Advantage plans.” “I am always available if they have a problem with a claim or an issue to help them get through that and get it solved.” Important Links & Mentions https://www.medicare.gov/ (Medicare website) Email Lorraine directly at Lorraine4554@yahoo.com Call Lorraine on 9193375734

Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit http://pomwealth.net/podcast (http://pomwealth.net/podcast) To receive our free book, Get Off the Retirement Rollercoaster, leave a 5-star rating review on Apple Podcasts and send a screenshot to morgan@pomwealth.net

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In part two of the Retirement in Action mini-series, Radon, Murs, and Morgan move onto the next steps of building a retirement plan, following their initial consultation roleplay in the first episode of the series. In this part of the process, the retiree is presented with a plan and simulations for their future, based on the data that was previously provided. If you missed part one of this mini-series please listen to episode eight of the Secure Your Retirement podcast, ‘Planning for Retirement – How the Process Works, Part 1’. In this episode, find out: How the retirement analyzer shapes your retirement plan What your investable assets are Where inflation will and won’t be applied How running a simulation can give you clarity on your plans Where your required minimum distribution applies and how it’ll work for you How the “what ifs” can affect your plan

Important Links & Mentions If you have any questions about this episode or any topics that we raised in it, please email info@pomwealth.net

Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement. To access the course, visit http://pomwealth.net/podcast (POMWealth.net/podcast) To receive our free book, Get Off the Retirement Rollercoaster, leave this podcast a 5-star rating review on Apple Podcasts and send a screenshot to morgan@pomwealth.net

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The news that President Trump has been diagnosed with COVID-19 has set a lot of change into motion, but what does it mean for your investments? If you’ve been advised to buy and hold, and now feel unsure if that’s the correct approach for you. Or, if you don’t feel satisfied with your current money management strategy, you aren’t alone. In this episode, we speak to Jack Reutemann, an experienced financial services advisor and self-proclaimed “financial first responder”, to get his advice on what this latest news could mean for your investment portfolio. Jack also gives his thoughts on the pie chart approach and how active risk management is the key to keeping your financial investments safe. In this episode, find out: Why you should rethink how you’ve been taught to manage your money The problem with the pie chart approach The resource that could save you millions of dollars in risk management What the ‘mutual fund broker-dealer industrial complex’ is and how it could be affecting your money Why risk management is the most important factor in managing your investment portfolio The importance of reviewing your investment portfolio for people approaching retirement What the stomach test is and why you should take it How the president’s pre-election COVID-19 diagnosis could affect our approach to managing money Why the next 60 days are crucial for the future of the United States of America The three possible scenarios and outcomes of the presidential election Why knowing how to take defensive action and mitigate risk is crucial at this moment in time How having a process can help you manage and mitigate risk How the president’s diagnosis could affect the stimulus package

Tweetable Quotes: “The older you get, the less risk tolerant you should be” – Jack Reutemann “We are entering what is going to be possibly the 60 most volatile days in the history of the United States of America since the civil war” – Jack Reutemann Important Links & Mentions Jack Reutemann’s course, https://www.nomorepies.com/ (No More Pies) Bill Good’s https://www.billgoodmarketing.com/ (Marketing System) Tom Dorsey’s book, https://www.amazon.com/Point-Figure-Charting-Application-Forecasting-dp-1118445708/dp/1118445708/ref=dp_ob_title_bk (Point and Figure Charting)

Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement. To access the course, visit http://pomwealth.net/podcast (POMWealth.net/podcast) To receive our free book, Get Off the Retirement Rollercoaster, leave this podcast a 5-star rating review on Apple Podcasts and send a screenshot to morgan@pomwealth.net

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In this episode of Retirement in Action, we are starting a series of episodes to go over different scenarios in the financial planning process starting with what that first appointment would look like! In this Episode: Radon, Murs, and Morgan play out a fictional customer/planner scenario based off of what it would look like. They go over the questions that are asked in the first meeting so you know what to prepare for in that meeting. Hear how this first meeting helps establish the foundation for your retirement plan

Information to have prepared for the first meeting: When you would like to retire Income 401K Investments Life Insurance Spending

Resources: If you are in or nearing retirement and are looking to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting the complimentary video course, Four Steps to Secure Your Retirement. To access the course, simply visithttp://pomwealth.net/podcast ( POMWealth.net/podcast). To receive a free book, Get Off the Retirement Rollercoaster, leave a 5-star rating review on iTunes and send a screenshot to morgan@pomwealth.net.

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Our first ever Wine Down Show! Once a month, rather than interview one person, we will be sitting down with several guests to hear multiple topics and opinions from the show! Sit down with a glass of wine or preferred beverage and enjoy! On this Episode: Hear from Lauren Stancil (Radon’s wife), Renee Hillman (Real Estate Agent and previous guest), and Debbie Neal (client) as well as your hosts, Radon and Murs! The group discusses the topic of wills and trusts in estate planning and how it is different for everyone. The group discusses how frequently you should look into updating your plan. Hear them talk about how your plan affects your children and grandchildren. The group talks about downsizing and how the numbers play a role in the decision! Hear the group discuss the economy and the stock market from the episode with Andrew Opdyke. The group talks about the positives that have come from Covid.

Key takeaways: Stay informed as tax and trust laws change as the government and IRS see fit. Have experts in your corner. A lesson from Covid has been to take the time for the most important things in life- family, friends, and health!

Tweetable Quotes: “It’s great to have experts in your corner in all aspects.” - Renee “You can’t look at the stock market day to day. You have to look at it over time.” - Debbie Resources: If you are in or nearing retirement and are looking to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting the complimentary video course, Four Steps to Secure Your Retirement. To access the course, simply visithttp://pomwealth.net/podcast ( POMWealth.net/podcast). Reach out to morgan@pomwealth.net for information about the Pinot Noir that we had on today’s show! To receive a free book, Get Off the Retirement Rollercoaster, leave a 5-star rating review on iTunes and send a screenshot to morgan@pomwealth.net.

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Welcome to the weekly Retirement in Action segment of our show! Every week Radon and Murs will take an interview or topic discussed recently on the show and talk about the points that can be put into action! Radon and Murs break down their thoughts and answer questions brought up from the interview with economist, Andrew Opdyke. On this Episode: Why the economy means we manage money actively with a fluid investment plan Radon and Murs compare active vs passive investment plans Radon and Murs talk about managing risk in the economy They discuss the different portfolio models Radon and Murs define and explain equity and how it relates to retirement

Different Portfolio Models: Growth portfolio- most aggressive up to 100% equities 80% equities portfolio- rest in bonds 60% equities portfolio- rest in bonds 40% equities portfolio- rest in bonds

Tweetable Quote: "You have to be moving as the market moves!" - Radon Stancil Resources: If you are in or nearing retirement and are looking to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting the complimentary video course, Four Steps to Secure Your Retirement. To access the course, simply visithttp://pomwealth.net/podcast ( POMWealth.net/podcast). To receive a free book, Get Off the Retirement Rollercoaster, leave a 5-star rating review on iTunes and send a screenshot to morgan@pomwealth.net.

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Andrew Odyke is a Certified Financial Advisor and Economist at First Trust Advisors, an asset management firm in the Midwest. We talk with him regarding all things economy and how it impacts us and the decisions we make. On this Episode: Andrew gives his background and how he came to be an economist Andrew tells Radon and Murs his thoughts on the challenges we see in today’s economy Andrew discusses inflation in the economy and where it’s going now Radon and Murs hear Andrew talk about the government and equity and how it drives the market Andrew gives his opinion on the disconnect between the economy and the market Radon, Murs, and Andrew define GDP and discuss how it’s calculated Andrew talks about the recovering economy after Coronavirus Andrew talks about the effects of the election year and the economy

Key Takeaways: Emotions can win in the short term, but numbers win in the long run Take a step back to find the opportunity rather than focusing on the negativity and concern surrounding the economy Make decisions based on what is in front of you rather than guess work

Tweetable Quotes: "Math always speaks the truth"- Murs Tariq "At the end of the day, what economics is about is - what are the forces that impact how we interact with each, how businesses interact with each other, and how growth occurs in countries over time." - Andrew Opdyke Resources Mentioned: If you are in or nearing retirement and are looking to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting the complimentary video course, Four Steps to Secure Your Retirement. To access the course, simply visithttp://pomwealth.net/podcast ( POMWealth.net/podcast). To receive a free book, Get Off the Retirement Rollercoaster, leave a 5-star rating review on iTunes and send a screenshot to morgan@pomwealth.net.

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Welcome to the weekly Retirement in Action segment of our show! Every week Radon and Murs will take an interview or topic discussed recently on the show and talk about the points that can be put into action! Radon and Murs break down their thoughts and answer questions brought up from the interview with Real Estate agent, Renee Hillman. On this Episode: Radon and Murs talk about downsizing and when to bring in your Financial Advisor Radon and Murs talk about what we all need to think about when wanting to pay off a mortgage when a bulk of our savings are in IRAs or 401ks Radon and Murs talk about how they handle selling your house when you have found your dream retirement home Radon and Murs give their thoughts and advice on loaning money to others

Key Takeaways: Determine the purpose behind downsizing Think about cash flow rather than just low mortgage interest rates When loaning money, you need to be careful to plan to be financially ok if you do not get it back

Resources: If you are in or nearing retirement and are looking to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting the complimentary video course, Four Steps to Secure Your Retirement. To access the course, simply visithttp://pomwealth.net/podcast ( POMWealth.net/podcast). To receive a free book, Get Off the Retirement Rollercoaster, leave a 5-star rating review on iTunes and send a screenshot to morgan@pomwealth.net.

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Renée Hillman, is an industry veteran with over 20 years of experience in the Triangle Market. She leads her small but mighty team at Hillman Real Estate Group at EXP Realty. She immediately was in the top 1% of the Triangle area REALTORS in year two and has maintained and climbed to the top 1% in the nation for over 5 years. An impressive 80% of her and her team's business comes from word of mouth, referrals, and repeat clients. When Renee isn't immersed in real estate she enjoys traveling with her family, hiking, going to Lake Gaston, checking out our different breweries and exploring all the great restaurants in our area! On this episode: Renee tells her background story and how she came into real estate at a very young age. Hear the first thing you should do when thinking about selling your house Listen to what Renee says you should consider to improve selling your house Learn about the best time of year to sell Hear if and how the location impacts the ability to sell Learn from Renee’s expertise on listing and comps Renee explains Do Diligence contracts and fees Renee ties in escrow and helps us understand what it is. Hear Renee give her thoughts on downsizing

3 Keys to Hiring a Real Estate Agent: Someone who is experienced Look at their process and how it is handled Someone you can trust

Quotes: “It’s building a relationship. Building that trust. That’s what's most important to us.” - Renee Hillman Renee Hillman: Cell: 919-868-4383 Website: http://www.hregsells.com/ (www.hregsells.com) Email: renee@hregsells.com

Resources Mentioned: If you are in or nearing retirement and are looking to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting the complimentary video course, Four Steps to Secure Your Retirement. To access the course, visit http://pomwealth.net/podcast (http://POMWealth.net/podcast)

To receive a free book, Get Off the Retirement Rollercoaster, leave a 5-star review on iTunes and send a screenshot to morgan@pomwealth.net

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Welcome to the weekly Retirement in Action segment of our show! Every week Radon and Murs will take an interview or topic discussed recently on the show and talk about the points that can be put into action! Radon and Murs break down their thoughts and answer questions brought up from the interview with estate planning attorney, Chess Griffin. On this Episode: Radon and Murs break down their thoughts and answer questions brought up from the interview with estate planning attorney, Chess Griffin. Radon and Murs discuss the reason for having multiple layers of beneficiaries in estate planning. Radon stresses the importance of a team approach by working with the key advisors- your financial advisor, your estate planning attorney, and your CPA- in a cohesive plan. Radon and Murs discuss how they handle the retirement income plan in regards to helping or loaning money to a child.

Key Takeaways: The three parts to an estate plan are the will, durable power of attorney, and healthcare power of attorney. The most important is making sure you have a durable power of attorney. Due to changes in the law, clients with an IRA are now often listing individuals as their beneficiary rather than a trust. Estate planning attorneys should be a part of the retirement process from step one.

Your estate plan should be: Well documented In an easy place to find Shared and communicated with all involved with your plan (financial adviser, estate attorney, and CPA)

Resources: If you are in or nearing retirement and are looking to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting the complimentary video course, Four Steps to Secure Your Retirement. To access the course, simply visit http://pomwealth.net/podcast (POMWealth.net/podcast). To receive a free book, Get Off the Retirement Rollercoaster, leave a 5-star rating review on iTunes and send a screenshot to morgan@pomwealth.net.

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Chess Griffin practices in the areas of estate and trust planning, probate and estate administration, guardianships, and elder law. He also assists numerous business owners with various business and corporate matters, from business/LLC formation to commercial contracts to leases to shareholder agreements. On this Episode: Chess shares his 23 year background in the estate planning world. Get a clear explanation of what an estate plan is. Learn the difference between a trust and a will. Find out how to utilize trusts to protect assets regardless of divorces, creditors, early death, etc. Chess shares why you should consider going to an estate planner as opposed to a site like LegalZoom.

The Three Legged Stool of Estate Planning: A will. A durable power of attorney. A healthcare power of attorney with a living will component.

Tweetable Quotes: “Being an executor is like being a detective.” – Chess Griffin “Having somebody help you think through your estate plan is key.” – Radon Stancil Chess Griffin: www.kirschlaw.com/charles-n-griffin-iii-chess 919.848.0420

If you are in or nearing retirement and are looking to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting the complimentary video course, Four Steps to Secure Your Retirement. To access the course, simply visit http://POMWealth.net/podcast (POMWealth.net/podcast). To receive a free book, Get Off the Retirement Rollercoaster, leave a 5-star rating review on iTunes and send a screenshot to morgan@pomwealth.net.

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A first look at the Secure Your Retirement Podcast. You worked hard to get where you are, now have a retirement that works hard for you.

Secure Your Retirement: Recent Episodes

Radon Stancil, CFP® & Murs Tariq, CFP®