Wealth Training Academy with Ed Storer: Recent Episodes
Ed Storer
At The Wealth Training Academy we view it as our responsibility to understand your long-term goals and dreams so that we can leverage our knowledge and experience to help you realize them. Rather than address your unique situation with an outdated, transactional approach focused on individual products, Ed Storer and his team specialize in helping you create a holistic financial strategy that can be adjusted along life’s journey to help you reach your destination.
Ed points out the way to help allay the fear of running out of money in retirement is by implementing good income streams. He talks about assessing your retirement income needs first and then looking at tools such as annuities and how you can possibly leverage higher interest rates. He gives his take on reverse mortgages and the need to look at how to maximum your Social Security claiming strategies. How are Americans coping with inflation. That’s also part of the conversation as well as looking at Roth opportunities.
You can reach Ed Storer and the team by calling 800-563-7030.
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Investments Coach at the Wealth Training Academy Scott Wright joins Ed in the first segment for a conversation on inflation. Where do we stand now with inflation? How are Americans dealing with it? Where are we now with the Fed and interest rate hikes? Ed and Scott get into all of that in opening the podcast. Ed then offers an in depth look at annuities including the different types and the pros and cons. He then discusses what to consider in the event of the passing of a spouse. Topics covered include the tax implications, the changes in income, and making sure to consider avoiding decisions such as unplanned withdrawals.
You can reach Ed Storer and the team by calling 800-563-7030.
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Ed discusses the impact of taxes on retirement and steps to counteract that impact. He explains how withdrawals from retirement accounts and pensions can be taxed. He also talks about the calculation of provisional income and how that can make your Social Security subject to taxation. What are the milestone ages in your retirement journey? Ed goes over the important ages and even introduces a couple of new ones.
You can reach Ed Storer and the team by calling 800-563-7030.
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Ed highlights mistakes to avoid in retirement planning including not factoring inflation and longevity, overestimating income, and not finding the balance of conservative and aggressive in investing. He then points out different strategies employed while examining Traditional and Roth IRAs. He points out how a down market could be a good time for a Roth conversion and points out any drawbacks to be aware of.
You can reach Ed Storer by calling 800-563-7030.
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Now that it has passed, Ed reviews some of the key provisions of Secure Act 2.0 including the raising of the RMD age, additional catch-up opportunities, and expanded Roth contributions. He looks at lessons that can be learned from 2022 and how to move forward towards retirement in a stronger position. Ed also talks about a down market being a good time to consider a Roth conversion and the right strategies that go along with that.
You can Ed and the team by calling 800-563-7030.
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Ed discusses unique challenges women face in planning for retirement and much of this can be attributed to the longevity of women. He also offers good retirement planning tips for 2023 and strategies to consider in making sure you have enough money in retirement.
You can reach Ed and the team by calling 800-563-7030.
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Ed defines the retirement income replacement rate and looks at what needs to be considered in building income for your retirement. This includes determining how much income you will need compared to your pre-retirement income, how much you earn, how much you save, when you will retire, your tax rates, and what Social Security covers. He also looks at tax strategies that can help you presently and in the future. This includes tradition 401(k) and IRA saving strategies as well as Roth. Then he discusses a growing trend of working in retirement in explaining why more people are choosing to in some form or fashion and what should be considered when making that choice.
You can reach Ed Storer and the team by calling 800-563-7030.
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Ed offers great suggestions for how to use your Christmas bonus if you received one this year. They include debt payoff, increasing savings, saving for retirement, and securing your family. He also covers some solid planning tips to help you retire in a challenging economy in 2023. Understanding sequence of returns and possibly delaying Social Security are part of the conversation. What are some important questions you should be able to answer when considering your retirement and income plan? Those include your budget, your tax strategies, long-term care protection, and other sources of income in your retirement.
You can reach Ed Storer and the team by calling 800-567-7030.
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Ed covers strategies to implement when in the financial red zone which is five to ten years away from retirement. These include looking at funding your 401(k) to the max, rethinking your 401(k) assignments, and looking at traditional and Roth IRAs. He offers good tax considerations for the end of the year such as the clean vehicle tax credit, taxes and children, charitable contributions, health accounts, and tax harvesting. Then Ed moves into delicate ways to approach your parents in starting a conversation about money and retirement.
You can reach Ed and the team by calling 800-567-7030.
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Ed stresses the need to make sure you stay on track with your retirement savings in the financial red zone and offers solutions to avoid the obstacles. Those include inflation, stock market volatility, unexpected expenses, and debt. He then offers detours around those roadblocks that could keep you from your retirement target date and clarifies some common misconceptions about your 401(k).
You can reach Ed Storer and the team by calling 800-567-7030.
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Ed offers good tax strategies to consider to get a better grip on your tax bill. He talks about connecting taxation with outflow as well as income, spending down traditional IRAs, Social Security claiming strategies, and Roth conversions and contributions. Continuing with the tax theme, Ed runs through an end-of-year tax checklist to maximize your tax refund in 2023. He then moves into spending habits to avoid in retirement so as not to bust that retirement spending plan.
You can reach Ed Storer and the team by calling 800-567-7030.
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Ed warns of retirement mistakes to avoid and offers reminders of the changes to legacy planning which came with the original Secure Act.
Wealth Training Academy investment coach Scott Wright joins in to talk about proper investment strategies in a volatile market.
You can reach Ed and the team by calling 800-567-7030.
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Ed looks at strategies to have in place when you first retire. He covers the adjustment period, prioritizing expenses, continuing to save, having a Social Security Strategy, and seeking out professional help. What are the income tax brackets for 2022 vs. 2023? Ed takes a look at that and then moves into some things to consider at the end of the year including maximizing your 401(k), IRA, Roth, and Health Savings Account savings and looking at strategic tax moves.
You can reach Ed Storer and the team by calling 800-567-7030.
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Ed points to a study that shows Americans are contributing less to their retirement than every before and that more than half of working U.S. adults feel as though they are behind on retirement savings. That’s according to a recent report from Bankrate. He points to reasons why which certainly include inflation. He also talks about the concept of profit first when it comes to approaching your retirement as you would starting a business. Scott Wright, investment coach at the Wealth Training Academy also joins in to discuss the condition of the markets.
You can reach Ed and the team by calling 800-567-7030.
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Ed explains the similarities between planning for and running retirement and planning for and running a business. He looks at building a business plan for your retirement which is the approach of the team at The Wealth Training Academy. He also highlights financial moves you can make before you retire to help build a stronger and more efficient plan. Some of the moves he covers are reducing risk, maximizing your contributions in the financial red zone, building a retirement budget, and forward planning for healthcare and the possibility of long-term care. Ed then highlights mistakes to avoid to help you ensure you do not run out of money.
You can reach the team at the Wealth Training Academy by calling 800-567-7030.
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Ed cites results of a J.D. Power study that revealed some pitfalls of utilizing digital resources in planning your own retirement. He breaks down the advantages and, in his opinion, the necessity of working with a professional to build and maintain your retirement. He also goes over some of the “curveballs” of retirement in the form of unexpected expenses and then offers strategies to stay on track in the current economic environment. He also goes through steps to consider that could help eliminate the fear, uncertainty, and doubt in retirement planning.
You can reach Ed Storer and the team by calling 800-567-7030.
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Ed goes through various streams of retirement income that may not be subject to taxation and breaks down the strategies to achieve that goal. He also continues to monitor high inflation and its effects on retirement planning and discusses steps to take in order to maintain the lifestyle you want in retirement.
You can reach Ed Storer and the team by calling 800-567-7030.
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Insurance Coach Miriam Thomas on the team at The Wealth Training Academy joins in with information on Medicare just before the upcoming enrollment window. Miriam clears up a lot of confusion with Medicare, the different components, the difference between Medicare Advantage and Medicare Supplement, and upcoming changes with the Medicare program.
You can reach Ed Storer and the team by calling 800-567-7030.
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In the midst of market volatility, what are the major concerns of retirees and pre-retirees? Ed breaks that down in looking at how Americans feel about the future of their retirement, the level of their fear of running out of money, and their ability to cover living expenses. He then discusses his approach to a safe withdrawal rate and moves into RMD mistakes to avoid.
You can reach Ed Storer and the team by calling 800-563-7030.
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Ed looks at the issue that will present themselves in the future with tax-deferred retirement savings and offers some solutions. Challenges you could potentially face include snowballing required minimum distributions, possible higher Medicare premiums, and a tax burden on your heirs. Solutions presented include shifting savings from pre-tax to Roth and considering Roth conversions. He also talks about retirement regrets to avoid and how to make sure you can enjoy the lifestyle you want and then breaks down how interest rate hikes could be an additional challenge in your retirement planning.
You can reach Ed Storer and the team by calling 800-563-7030.
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Ed outlines five risks of retirement including longevity, healthcare costs, poor asset allocation, and inflation. What if you find yourself with excess money in retirement? He covers some strategic ways you can gift money and assets now. Ed closes with the options you have with your 401(k) once you retire.
You can reach Ed Storer and the team by calling 800-563-7030.
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Ed tackles some of the questions frequently asked by those before they enter retirement. Questions answered include concerns over inflation, wondering about retirement income necessary, and how to prepare for out-of-pocket health care costs. Ed then moves into alternatives to traditional long term care insurance that can be used as protective elements and then warns of some retirement saving bad habits to avoid.
You can reach Ed Storer and the team by calling 800-563-7030.
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Ed opens dissecting the Inflation Reduction Act, discussing what’s in it and how it could affect retirees. He then moves into strategies to build up your savings when you’re in the financial red zone and uses the game of chess analogies and metaphors of pawn, knight, queen, and king to retirement strategic components.
You can reach Ed Storer and the team by calling 800-563-7030.
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Ed addresses the concerns on the minds of everyone and especially those entering retirement. Those concerns are, of course, inflation, recession, and the overall economic climate. He also talks about the best protection strategies. He examines a BlackRock survey which asked retirees and savers to describe their “go to” savings and growth vehicles and closed with dispelling myths about annuities.
You can reach Ed Storer and the team by calling 800-563-7030.
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Ed looks at the state of our economy and offers information on best protective strategies for retirees and soon to be retirees. He then turns to spousal retirement strategies when there is a significant age gap. Ed closes with tips on stretching retirement dollars including the proper Social Security decisions for you, diversification of your portfolio, creating a budget, and building retirement pay checks.
You can reach Ed and the team at The Wealth Training Academy by calling 800-563-7030.
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Ed talks about properly managing the concerns felt by retirees in the middle of possible recession, the highest inflation in forty years, and rising interest rates. He discusses the inverse relationship between the stock and bond market and explains how proper planning can set retirees up with built in income streams that can help ease the anxiety. He discusses how he determines his client’s “numbers” to better custom plan for them. He includes the financial independence number, the Social Security starting age, the number of guaranteed lifetime income someone will need, estimated health care out of pocket costs and possible long term care costs, and estimated monthly retirement spending. Ed closes with five things to absolutely consider in retirement planning including checking your asset allocation, building those liquid reserves, and monitoring your spending rate.
You can reach Ed Storer by calling 800-563-7030.
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Ed covers steps to take in the financial red zone, the five to ten years before you retire, that can help make sure your money takes you all the way through retirement. He covers creating tax-diversified sources of income, looking at opening a Health Savings Account for those eligible, eliminating debt, and creating that financial plan with a retirement specialist. What is the compounding effect of inflation and the loss of purchasing power and how is that affecting retirees and soon to be retirees? Ed provides answers along with discussing strategies to factor in high inflation. He closes by looking at certain behaviors that could potentially sabotage your retirement plan such as not looking ahead, being overly optimistic with your budget, and procrastination.
You can reach Ed Storer and the team by calling 800-593-8188.
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Ed discusses portfolio models and why we need them. He talks about Time Value of Money and asset allocation and diversification into multiple asset classes. Ed then analyzes the common traits and habits of wealthy people. He then looks at mid-year tax strategies to consider including a review of your tax liability for the current year, considering a tax status change, amortization of Research and Experimental expenditures, budgeting for larger chartiable donations, and considering means and entertainment.
You can reach Ed Storer and the team by calling 800-593-8188.
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Ed points out the risks of retirement planning and focuses on risks of today including market volatility and inflation. He goes into the strategies that should be considered by pre-retirees and retirees given the standard risks and the risks of our current economic climate. He moves into good retirement preparation strategies especially for those with just a few more years to work. Ed then discusses how tax strategies factor into your retirement planning. He covers options from withdrawing from retirement accounts when retiring early, paying quarterly, understanding the penalties, reverse rollovers, strategizing for Roth IRA, and tax loss harvesting.
You can reach Ed Storer and the team by calling 800-593-8188.
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You want a retirement with as few regrets as possible. What are some things you can do in the financial red zone to avoid having those regrets? Ed covers that in this podcast. He also goes over critical factors in achieving your retirement goals and how to realize your vision and direction.
You can reach Ed Storer and the team by calling 800-563-7030.
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Advanced Business Strategist and Coach Dr. Dean Russell joins Ed Storer in a conversation on the team effort that goes into the business coaching provided by The Wealth Training Academy. Ed and Dr. Dean talk about the importance of creating and building business building skills and replacing emotion with perspective. The conversation also involves removing the “clutter” in your business practices and applying the “KISS” principle. This is a great conversation of applying emotional intelligence in running your business and how to be an effective leader.
You can reach Ed Storer and the team by calling 800-563-7030.
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Ed points out how retirement planning is different now due to many factors such as dwindling pensions and longevity. He talks about the importance of building income, protecting your wealth, and factoring in health care costs and inflation. He then moves into discovering fees you may be paying and avoiding unnecessary costs in retirement including penalties. Ed then keeps the conversation grounded in reality as he debunks some retirement myths and old ways of thinking in crafting retirement strategies.
You can reach Ed Storer and his team by calling 800-563-7030.
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Ed explains what should be considered in formulating your retirement plan including knowing your vision, your day-to-day expenses, reviewing your assets, your risk, and your potential tax liability. The conversation then moves to options available with your old 401(k) and mistakes to avoid helping to make sure you don’t run out of money in retirement.
You can reach Ed Storer and the team by calling 800-593-8188.
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Ed covers the topic everybody’s talking about and that’s inflation. He talks about the need to have a growth aspect in your retirement plan, planning for healthcare costs, and even touches on TIPS and I-bonds. He also covers going through the different phases of retirement to pre-retirement planning, the big day, the honeymoon phase, and creating your new retirement identity. He then moves to tax considerations when selling a large piece of property or a business.
You can reach Ed Storer and the team by calling 800-563-7030.
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Ed covers how retirement accounts and dividend stocks can be a great pairing and then goes over some basics to consider as you approach retirement such as time horizon, income needs, risk tolerance, estate planning, and long-term care protection. He also runs down ten things to consider before starting your own small business.
You can reach Ed Storer and the team by calling 800-563-7030.
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Ed goes over what should be considered when nearing retirement such as taking advantage of catch-up contributions, looking at your investment strategies, and making decisions about your Social Security. The discussion then moves into fortifying your portfolio and your retirement plan during times of market volatility and five mistakes to steer clear of when considering your retirement plan.
You can reach Ed Storer and the team by calling 800-563-7030.
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Ed breaks down the cumulative impact of federal and state taxes in retirement looking at Traditional IRAs and 401(k)s, Social Security, pension, annuities, and dividends. He also provides an update on Secure Act 2.0 and the proposed provisions as they stand now as this legislation works its way through Congress.
You can reach Ed Storer and the team by calling 800-563-7030.
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Ed discusses what to consider in helping to make sure you maintain the lifestyle you want in retirement and how to watch for fees and elements that could be eating away at your retirement. He also stresses the importance of couples being on the same page when it comes to retirement planning.
You can reach Ed Storer and the team by calling 800-563-7030.
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There’s so much going on in the economy to cause anxiety and especially for those nearing or in retirement. Ed offers some tips to help bring that anxiety down. He also tackles inflation with survival strategies and answers some frequently asked questions about annuities.
You can reach Ed Storer and the team by calling 800-563-7030.
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Ed previews what could come with Secure Act 2.0 as it works its way through Congress. Proposals discussed include raising the RMD age, expanding auto-enrollment in retirement plans, higher catch-up limits for certain ages, student loan payments, and employer matching. He then moves into a discussion of proper forward looking tax strategies for retirement and shifting from saving to spending when entering retirement.
You can reach Ed Storer and the team by calling 800-563-7030.
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Taxes follow you into retirement. How do you make sure you pay only your fair share? Ed addresses many things to consider regarding taxes in retirement such as lost tax deductions, income strategies, Social Security tax rules, and components that are and are not subject to taxation. He stays on the tax theme with looking at the proactive strategy of utilizing the Roth IRA and then covers risks in retirement from longevity to health care and sequence of returns risk.
You can reach Ed Storer and the team at 800-563-7030.
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Ed welcomes family and estate law attorney Ken Shabel back to the studio with the overall topic of estate planning. Ken explains the importance of having a will, a living will, and a Power of Attorney and Health Care Power of Attorney. He breaks down advantages and possibly disadvantages of the trust you would choose to have. He also explains how daunting the probate process can be.
You can reach Ed and the team by calling 800-563-7030.
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Ed welcomes family and estate law attorney Ken Shabel back to the studio with the overall topic of estate planning. Ken explains the importance of having a will, a living will, and a Power of Attorney and Health Care Power of Attorney. He breaks down advantages and possibly disadvantages of the trust you would choose to have. He also explains how daunting the probate process can be.
You can reach Ed and the team by calling 800-563=7030.
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Does cryptocurrency belong in your retirement portfolio. Ed takes a close look at crypto and if or how to include it in your plan. He covers retirement planning strategies for those who started a little late and stresses that retirement planning of today is different from that of our parents’ generation.
You can reach Ed Storer and the team by calling 800-563-7030.
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The Wealth training Academy investments coach Scott Wright joins Ed Storer in the studio. Topics include not just riding blue chips, always being prepared for what life throws your way, thinking ahead, and having a portfolio that takes into account all market situations.
You can reach Ed Storer and the team by calling 800-563-7030.
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Ed holds class on the podcast and covers taxes by sharing a case study of building in planned tax strategies for a client couple and seeing those come to fruition. He also takes a creative look at what can be considered additional income streams in retirement. Then the discussion turns to fears faced by many retirees and how to allay those fears and concerns.
You can reach Ed Storer and the team by calling 800-563-7030.
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Do you have the right answers to important questions to help determine if you are ready for retirement? Ed covers three of those questions. Roth IRAs are part of the discussion and the proper legacy strategies with a Roth plus mistakes to avoid. Ed displays how the little things in retirement savings could make a big difference and offers some simple tips.
You can reach Ed Storer and the team by calling 800-563-7030.
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The distribution phase of retirement can be complicated. Ed covers some retirement distribution strategies to consider. He covers some important things to consider while utilizing your 401(k) and good strategies with that and other retirement saving tools and options. What are red flags you may be missing on your road to retirement? Ed goes over a list of those and offers some solutions that could help you get back on track.
You can reach Ed Storer and the team by calling 800-563-7030.
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There are many people who may want to give “well-intentioned” but questionable tips on retirement. Ed stresses the importance of consulting a professional before making any decisions and he covers some commonly given questionable advice. He also covers how retirement planning can be different for women and he highlights some retirement mistakes to avoid.
You can reach Ed Storer by calling 800-563-7030.
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Rules of thumb are approximate methods for doing something and certainly may need to be tweaked to adapt to changing times and situations. Marty discusses some investment and retirement rules of thumb everyone should know. He also breaks down retirement planning for couples and how each spouse may view retirement differently. He then covers much of what needs to be considered for retirement planning and how the strategies and line of thinking could be unique to that stage of your life.
You can reach Ed Storer and his team by calling 800-563-7030.
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Inflation, taxes, and investment challenges are three major threats that could impact your retirement. Ed offers suggestions of protection and proactive measures that can be implemented. He also discusses planning long term for retirement to help alleviate the risk of longevity and explain why the help of a professional is so critical in today’s retirement planning.
You can reach Ed Storer by calling 800-563-7030.
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No one can accurately predict the next bear market and when it will occur, but one thing is for sure. You can prepare yourself for it and should if you are approaching retirement. Ed outlines some moves that can help protect your retirement plan. He also outlines ways to supercharge your retirement savings if you got a late start and covers some calculations to consider in helping determine your retirement launch date.
You can reach Ed Storer and the team by calling 800-563-7030.
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How do you keep your finances in order when heading to retirement facing challenges like inflation and volatility? Ed discusses good measure in that regard as well as pointing out things to make sure you do not overlook as you’re heading to retirement. He also covers some important questions that sometimes clients are hesitant to ask.
You can reach Ed Storer and the team at The Wealth Training Academy by calling 800-563-7030.
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2022 will present some challenges such as inflation and possibly higher interest rates. That’s why our retirement plans need to be robust as we meet those challenges head on. Ed Storer gives us some things to consider such as tools and strategies to consider to help against inflation, higher interest rates, and possible slower economic growth. He also presents options and strategies to build income streams in retirement and tips to boost your retirement nest egg.
You can reach Ed Storer and the team at The Wealth Training Academy by calling 800-563-7030.
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The discussion centers around proper management of your savings to maximize your retirement portfolio. Ed talks about fees to be aware of, the importance of having a flexible plan, maximizing your contributions, creating income streams, and having good tax strategies. 401(k) statistics and learning from the mistakes and regrets of some current retirees are also part of the discussion.
You can reach Ed Storer and the team by calling 800-563-7030.The Wealth Training Academy
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Ed discusses strategies to consider in your retirement to better weather a volatile market landscape. He also talks about the return on your investment of lifetime savings including time and what the return of time means to your health. Ed also continues with part two of his series on questions business owners need to answer before exiting or retiring from their business.
You can reach Ed and the team by calling 800-563-7030 or text #WTA to 800-563-7030.
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Rising inflation and market volatility continue to be a concern. Part of the discussion centers around the importance of considering the effect of the stock market on your retirement savings. Ed also discusses decisions retirees face regarding their spending and their different sources of income. In the business segment of the podcast, Ed covers questions that business owners need to be able to answer in the affirmative before thinking about exiting their business.
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Retirement risk worries loom large as we face inflation and uncertainty in the markets. Ed Storer covers what should be considered in safeguarding your retirement. He also outlines some good proactive strategies that can help in securing as tax free a retirement as possible. In the business segment, Ed highlights eight ways to know if you are acting as the business owner or as an employee of your business.
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Ed explains some changes and proposed changes for Social Security in 2022. He also covers some of the pros and cons of working in retirement. In his business segment, Ed asks the question "how can your business protect against the end run?" He talks about what defensive moves to make if your supplier decides to go directly to the customer.
You can reach Ed and the team at 800-563-7030.
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Planning for today’s retirees involves looking at possible tax changes in the future. Ed discusses how much of your retirement income will be taxable and proactive strategies to help. Ed also reminds business owners of the rule of three in more your business more profitable and giving it more value. He explains the three gaps and the three legs of the stool in business ownership.
You can reach Ed Storer by calling 800-563-7030.
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Ed welcomes Randy Sadler to the studio. Randy Principal with CIC Services which manages captive insurance companies. Learn about captive insurance in this podcast. What is it? What are the benefits for your business in owning your own insurance company? What businesses and industries are ideal for captive insurance? It’s all discussed here.
You can reach Ed Storer at 800-563-7030
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Retirement Red Flags-Retirement Spending-Business Gaps
Ed looks at some red flags that may warrant a second look at your retirement plan. Some of things include not planning out income long enough, too much reliance on Social Security, and not realizing there still will be costs even after you’re Medicare eligible. Ed offers good tips on helping to give you spending confidence in retirement. In his business segment, he looks at the gaps you need to fill to achieve true success as a business owner.
You can schedule a retirement or business gap analysis with Ed and the team by calling 800-563-7030 or visit The Wealth Training Academy website below.
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Ed joins Coach Pete D'Arruda on his national radio show Financial Safari. That appearance is featured in the first two segments of this podcast with a discussion on charitable remainder trusts and charitable lead trusts. Ed also covers the 5 D's business owners should consider in an effort to de-risk their business.
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Ed welcomes The Wealth Training Academy Senior Wealth Advisor Scott Wright to the studio to discuss the importance of retirement income planning and how to properly allocate your assets with a basket planning approach. Ed and Scott also discuss how to increase the value of your business by 71 percent.
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Ed welcomes estate planning attorney Ken Shabel to the studio. Ken works with the Wealth Training Academy team in estate planning for clients. What is estate planning? How can it differ from person to person? What are the drawbacks to not having a good plan? Ed and Ken cover all of this and more including estate planning for business owners.
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What is SECURE Act 2.0? Ed Storer will explain what the proposed legislation could mean for your retirement accounts if it is passed. He will also talk about Value Building and what it means for the small business owner.
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On this week’s show, Ed Storer and special guest Miriam Thomas talk about everything Medicare, changes that are coming and what you need to know.
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On this week’s show, Ed Storer looks at several withdrawal strategies to keep taxes at a minimum and keep more of your hard earned money. So you want to retire? It takes strategic planning to get there and Ed will show you how. Plus, more advice for business owners. That and so much more!
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On this week’s show, Ed Storer takes a look at how inflation may impact your retirement. Ed will take a step back and look at what you should and shouldn’t be doing and advice for business owners and so much more!
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On this week’s show, Ed Storer talks about things to consider when planning for decumulation or drawing down your retirement dollars. He will also talk about the “what ifs” when planning for retirement and how having a solid retirement and income plan is key and what business owners need to know when it comes to planning their retirement and so much more!
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On this week’s show, Ed Storer talks about how inflation works and what you can do to combat inflation risk in your retirement plan. Next, he talks about what you can do with a 401k once you enter into retirement and it’s all dependent on your age, when you retire and the rules your company has regarding the 401k. Most people will need some type of long term care as they age. Ed will talk about long term care insurance alternatives and a lot more.
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Ed Storer takes a look to see if you are ready to start your retirement journey sooner. Over a trillion dollars is left behind in old 401k’s. Yep, you read that right. Ed will explain what you can do to retrieve yours if you have one and put it to work for you in your retirement. Think it’s hard to save for retirement if you don’t have a 401k? Think again. Ed will give you different options that can put you on the right track to a stress free retirement.
Get your questions answered by giving Ed a call 800-563-7030. WealthTrainingAcademy.com
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This week, Ed Storer takes a look at three financial milestones when it comes to retirement: distribution and various places included in that distribution, like social security, spending (including budgeting) and the ability to retire and more!
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Once you hit 50, it’s time to buckle down and get serious about retirement. Ed Storer will have tips to help you. He will also have some things you may be doing to sabotage your retirement and not even know it. Plus a real life case study.That and more!
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Coming up on this week’s show, Ed Storer has some tax savings strategies for your retirement. He also has some simple steps that can help you jump start your retirement savings as you get closer to your target date. Ed will also take a look at a Morningstar report with some great retirement savings tips that have been gathered over the years. That and a lot more
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Is there such a thing as a “happy retirement plan” Believe it or not, there is and on this week’s show, Ed Storer will tell you how you can get one! He’ll also separate facts from fiction when it comes to how much you need to have saved for such things like healthcare expenses. So, you have been saving and have a plan. Great! You may be ready right now to take the plunge and retire. Ed will give some tips on how to know if you are ready to go That and so much more!
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Ed Storer talks about the three things you need to have as you navigate the next phase of your life. He’ll also outline some things to keep in mind to make your retirement plan better, how to have the best retirement distribution plan and a lot more!
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Ed Storer is joined this week with Mariam Thomas, Healthcare and Insurance Coach for Wealth Training Academy discuss changes in Medicare, healthcare and insurance. They will be discussing many subjects including the American Rescue Plan Act.
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Ed Storer gives tips on what couples can do to have a successful retirement. He also talks about how having a plan in retirement is crucial and gives insight into phased retirement for business owners and a lot more!
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Ed Storer will guide you through the retirement process and give some tips to make it less daunting. Ever hear of phased retirement? You’re not alone if you haven’t. Ed will explain what it is and if it is right for you. He’ll also talk about when one spouse retires while the other does not and how to make a smooth transition and make sure to have enough retirement income and much more!
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On this week’s show, Ed Storer will highlight some retirement milestones and why you should celebrate them. He will also go over some strategies to position yourself into a tax efficient retirement. No 401k? No problem! He will go over options that you can use to save for retirement, even if you are self employed and a lot more!
Get your questions answered by giving Ed a call 800-563-7030. WealthTrainingAcademy.com
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Ed Storer will give tips on how to protect your financial future by avoiding common mistakes in divorce after 50. He will also offer advice about the decumulation process and what you should and shouldn’t be doing and what steps you need to take to weather a market volatility storm and so much more!
Get your questions answered by giving Ed a call 800-563-7030. WealthTrainingAcademy.com
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Coming up on this week’s show, Ed Storer explains what you need to know about Secure Act 2.0 and why it has a good possibility of passing in Congress. Economic experts say we had a recession of sorts when COVID-19 hit last year but will we have a longer one sooner than later? Ed will give us the scoop on that. Plus, he will also talk about expenses in retirement and why it is so important to have a plan in place and so much more!
Get your questions answered by giving Ed a call 800-563-7030. WealthTrainingAcademy.com
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Coming up on this week’s show, Ed Storer will give you the steps on how to have a smooth transition into retirement and it all begins with a plan. Losing a spouse is never easy and that includes making financial decisions. He’ll explain how not to make costly mistakes when going through that difficult time. Ed will also take a look at some common risks and see if they are worth taking and a whole lot more!
Get your questions answered by giving Ed a call 800-563-7030. WealthTrainingAcademy.com
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Money is definitely important when it comes to your retirement years but it’s not everything. Ed Storer will outline a few secrets that could lead to a happy retirement. He will also discuss how not taking taxes into consideration could wreck your retirement and how knowing about annuities can complement your retirement portfolio. He’ll break that down and more!
Get your questions answered by giving Ed a call 800-563-7030. WealthTrainingAcademy.com
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On this week’s show, Ed Storer will break down some retirement “truth bombs” that will help avoid a financial crunch down the line; he will also take a look at a study of those who plan to delay and to accelerate their retirement and how you may relate; having a 401K is a good thing but Ed is going show you how a Roth IRA can complement it and a lot more!!
Get your questions answered by giving Ed a call 800-563-7030. WealthTrainingAcademy.com
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On this week’s show, Ed Storer talks about the effects that different types of investments have on taxes like mutual funds and why Ed isn't too keen on them; he also talks about ETF's; retirement advice for small and mid-size business owners and a lot more!
Get your questions answered by giving Ed a call 800-563-7030. WealthTrainingAcademy.com
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On this week’s show, Ed Storer has some good advice on how to avoid making retirement mistakes in challenging financial times including retiring too soon; Common sense planning tips including how to minimize “financial termites”; how to run your retirement like a business and a lot more!
Get your questions answered by giving Ed a call 800-563-7030. WealthTrainingAcademy.com
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This week, Ed Storer has the remedies to cure certain stressors that may be plaguing you in your retirement goals; He will also go into some errors you could be making when it comes to your retirement; He will also explain how you can save on taxes by utilizing trusts and a whole lot more!
Get your questions answered by giving Ed a call 800-563-7030. WealthTrainingAcademy.com
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This week, Ed Storer talks about some potential mistakes you may have made when it comes to retirement and if you have, solutions on how to fix them; He also talks about 401k's, annuities, how to avoid making serious blunders, including outliving your money and much more!
Get your questions answered by giving Ed a call 800-563-7030. WealthTrainingAcademy.com
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This week, Ed Storer gives some tips on how not to run out of money in retirement, including looking at your rate of return and inflation; He also breaks down some financial deadly sins and how not to let your emotions get the better of you when it comes to your retirement and much more! Get your questions answered by giving Ed a call 800-563-7030. WealthTrainingAcademy.com
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This week, Ed Storer talks about tax efficient monthly income in retirement and that includes social security if you know how to utilize it; he breaks down the IRA and the 5 Year Rule, including consequences and exceptions and a lot more! Get your questions answered by giving Ed a call 800-563-7030. WealthTrainingAcademy.com
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This week, Ed Storer gives you some signs to look out for if you are in danger of running out of money in retirement and some solutions to avoid that, retirement questions to ask yourself before the big one, "How much do I save?." He also tackles questions you may be hesitant to ask your advisor and a lot more. Get your questions answered by giving Ed a call 800-563-7030. WealthTrainingAcademy.com
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This week, Ed Storer gives you the strategies you need to have a successful retirement, many ways to cut your taxes, minimizing RMD's and a lot more. Get your questions answered by giving Ed a call 800-563-7030. WealthTrainingAcademy.com
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This week, Ed Storer highlight some statistics about retirement and some may really surprise you. The good news, there’s still time to get yourself on track. He also talks about accumulation and distribution of retirement income, a more in depth look at social security and a lot more. Give Ed a call 800-563-7030. WealthTrainingAcademy.com
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This week, Ed Storer talks about different ways to save for retirement if it isn't on the top of your list, how to help your children and grandchildren learn about to prepare for retirement, how to rollover IRA's and 401k's and a lot more. Give Ed a call 800-563-7030. WealthTrainingAcademy.com
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This week, Ed Storer talks about some solid ideas and ways you can save for retirement if you don't have a 401k, some things about the Roth IRA that people don't understand, differences between how men and women save for retirement and a lot more. Give Ed a call 800-563-7030. WealthTrainingAcademy.com
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This week, Ed Storer takes an in depth look at Medicare, along with a Medicare specialist. Give Ed a call 800-563-7030. WealthTrainingAcademy.com
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When planning for retirement, having enough money is important. In addition, having tax efficiency is a must in today's economy. On this week's show, Ed Storer talks about those points, plus how not to make mistakes in retirement and a lot more. Give Ed a call 800-563-7030. WealthTrainingAcademy.com.
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How do you know if you’re ready to retire? On this week's show, Ed Storer has got seven questions to ask yourself to see if you are truly ready to ride off into the sunset, mistakes not to make when losing a spouse and a lot more. Give Ed a call 800-563-7030. Wealthtrainingacademy.com
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Most would agree 2020 was anything but a normal year. Now that it’s behind us, Ed Storer helps us focus on some things we learned in the year of COVID that could help us stay on the right track for retirement. He also breaks down some tax rules and much more. Give Ed a call 800-563-7030. Wealthtrainingacademy.com.
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When it comes to retirement planning, turning 65 is a pivotal year even if you aren’t planning to retire yet. Ed Storer talks about five things you need to know about finances when you turn 65, plus some tips on maximizing your retirement and a lot more on this week's show. Give Ed a call 800-563-7030. Wealthtrainingacademy.com
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The new year is a great time to take a look at your retirement plan and make sure it’s ready to go. Ed Storer has some tips that could help tune up your retirement plan. Give Ed a call 800-563-7030. Wealthtrainingacademy.com
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In this episode Ed Storer goes back to the basics in looking at retirement and discusses things you should be doing and things you need to avoid as you shift from accumulation to distribution. He also stresses the importance of looking at income strategies for the period of five to ten years before retirement.
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In this episode Ed Storer lays out some good financial resolutions for 2021. He also explains the benefits of having a team of retirement specialists behind you and your retirement plan.
The Wealth Training Academy
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In this episode Ed Storer explores several different retirement income strategies and explains the benefits of having a retirement specialist build your plan. He also warns of some Social Security surprises you could encounter.
The Wealth Training Academy
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In this episode Ed Storer goes over some retirement questions you should answer for yourself as you prepare. He also gives some of the advantages of working just a bit longer. Finally, Ed highlights the tax savings opportunities with three retirement accounts.
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In this episode Ed Storer offers six financial planning tips to close out the year 2020. he also goes over seven questions that should be answered when planning for retirement. Finally, Ed gives a heads up on four major retirement planning mistakes that should be avoided.
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In this episode Ed Storer lays down some good rules to follow so that you can better enjoy your retirement. He also explains the pros and cons of the different retirement savings vehicles. Finally, Ed offers some tips that can possibly help you feel more comfortable in loosening those retirement purse strings some.
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In this episode Ed Storer explains how your retirement will be different from that of your parents and grandparents. He also gives good planning strategies for when you are in your fifties and sixties. Finally, he points out the traits of successful CEOs and discusses how you can adopt those traits in running your retirement.
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In this episode Ed Storer discusses ideas and strategies to keep your money safe in retirement. He also gives some good things to consider for the approximately 10,000 baby boomers who are retiring every day. Finally, Ed talks about year round tax strategies and how to best employ them during retirement.
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In this episode Ed Storer discusses the proper strategies for remaining prosperous in a long term retirement. He also goes over some end of the year deadlines to maximize your tax savings. Finally, he warns of penalties to avoid and fees to beware of.
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In this episode Ed Storer shows how certain expenses could derail your budget. He also offers advice on how to set up that necessary long term retirement plan. Finally, he gives tips on boosting your nest egg when you're in the financial red zone.
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In this episode Ed Storer is joined by the Health Insurance Coach on his team at The Wealth Training Academy.
Miriam Thomas talks about open enrollment for the Affordable Care Act, other options available, and Medicare open enrollment.
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In this episode Ed Storer welcomes Ken Shabel to the studio. He is an attorney with Kennedy and Brannon, LLC in Spartanburg, SC and the legal coach on the team at The Wealth Training Academy. Ken discusses wills, powers of attorney, and all of the components of estate planning.
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Scott Wright, who is one of the team members at the Wealth Training Academy discusses the proper investment strategy in retirement applying the right amount of risk while still being open for growth.
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In this episode Ed Storer points out some areas in your retirement where spending can go up. He also offers a heads up on some regrets commonly held by retirees. Finally, he shares an "are you ready to retire" checklist.
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In this episode Ed Storer explains how the pandemic acted as a retirement dress rehearsal. He also gives tips to maintain your lifestyle in retirement and addresses common retirement fears.
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In this episode Ed Storer does some Social Security myth busting and offers the right strategies to help you maintain your lifestyle in retirement.
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In this episode, Ed Storer looks at the Presidential election and discusses whether or not the outcome of elections would have an effect on your retirement. He lists mistakes to avoid to make sure you have the best retirement plan. Finally, he offers some tips on how to loosen the purse strings and still keep your retirement on track.
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Ed Storer welcomes one of his team members into the studio. Miriam Thomas is the Medicare and Health Insurance Specialist at The Wealth Training Academy. She offers overall education on medicare including the difference between Medicare Advantage and Medicare supplement and prescription plans. She also discusses saving money and maximizing benefits.
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In this episode Ed discusses some strategies to build that reliable income in retirement. He talks about what he looks at with his clients during their one year into retirement checkup. Ed Storer also compares retirement of the past and retirement of today and the future.
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Ed Storer offers tips on making retirement planning seem less overwhelming and good tax strategies. He also goes over some ways to make helping your grandchildren more effective and efficient.
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Ed offers potential steps to help allay the fear of running out of money in retirement. He runs down a checklist to see if you're ready for retirement. He also offers information on the right strategies for long term retirement planning.
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Ed shares some baseball quotes and ties them in to retirement. He also looks at some good strategies for now in the middle of the pandemic and offers good tips for those in their 50s to prepare for retirement in their 60s.
Wealth Training Academy
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Ed debunks some common retirement and social security myths.
He also offers tips that could help you move up your retirement date.
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In this episode Ed outlines five mistakes to avoid when planning your retirement. He also shares tips to help you in your search for the right financial advisor. Ed wraps it up with tips to maximize your 401(k) and answers questions submitted to his website: WealthTrainingAcademy. Call 800-563-7030
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The Upside to the Downsides of the Market
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The Current Recession and How to Make the Best of It
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Tips and Tricks for a Better Retirement
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