The Red Zone Retirement Program: Recent Episodes
John Mears
In football, the Red Zone is where a team has to make small adjustments to ensure victory. As you approach retirement, you also need to make small adjustments to ensure success. Join John Mears of Mears Money Management each episode as he helps you understand the most important strategies that will help lead you to financial and retirement success. John has more than 20 years of experience providing comprehensive planning services to families throughout the Santa Clarita, California area. On this show, he'll breakdown the essential facets of tax planning, investing, retirement concerns, and much more. If you have a 401(k), IRA, Roth, pension or any other type of retirement account or savings vehicle then this is the show for you. Understand your savings and have some fun along the way with John Mears! Contact John at http://mearsmoney.com or by calling 661-775-3704.
There's a 7-minute animated short that got nominated for an Oscar this year called Retirement Plan. It's free on YouTube, narrated by Irish actor Domhnall Gleeson, and it follows a middle-aged man named Ray who spends his days listing everything he plans to do once he finally retires. John reacts to the film's mix of humor and emotion, noting how easily viewers can recognize themselves in Ray's plans, delays, and excuses.
Here's some of what we discuss in this episode:
🎬 Film Reaction: Seven minutes deliver humor and emotion
✈️ Travel Plans: Enjoy meaningful experiences while physically able
🎁 Giving Wisely: Generosity can also remain financially efficient
⚖️ Yes And No: Protect time through intentional decisions
📍 Stay Present: Do not sacrifice today for tomorrow
Get in touch:
Phone: 661-775-3704
Book an appointment with us: http://bookachatwithjohn.net
Get in touch with us: https://mearsmoney.com/
Watch the Podcast on YouTube: https://bit.ly/3PmcOPM
Check out John's FREE Books: https://je9gekmc.pages.infusionsoft.net/
🏈 Don't fumble your retirement - get your financial game plan at http://bookachatwithjohn.net
Dave Ramsey has built one of the most recognized brands in personal finance. Millions of people have followed his advice out of debt and into savings. But when it comes to how much you should pull from your retirement accounts each year, Ramsey takes a position that some financial professionals find hard to get behind. Today, we break it down: what Dave says, what the research says, and what John actually thinks.
Here's some of what we discuss in this episode:
⚠️ Eight Percent: Simple math overlooks major risks
📉 Market Reality: Strong averages hide uneven returns
📊 Volatility Matters: Withdrawal plans need clear guardrails
✅ Practical Suggestion: Match withdrawals to actual needs
Ramsey's 8% Retirement Rule Sounds Nuts At First
https://finance.yahoo.com/news/ramsey-8-retirement-rule-sounds-170209842.html
Get in touch:
Phone: 661-775-3704
Book an appointment with us: http://bookachatwithjohn.net
Get in touch with us: https://mearsmoney.com/
Watch the Podcast on YouTube: https://bit.ly/3PmcOPM
Check out John's FREE Books: https://je9gekmc.pages.infusionsoft.net/
🏈 Don't fumble your retirement - get your financial game plan at http://bookachatwithjohn.net
Over the past year, one retirement video on YouTube pulled in 3.7 million views. The title: "Sell These 5 Things Before You Retire." We thought it was worth a conversation, not to tear it apart, but to react honestly. Does John agree? Let's get into it: 3.7 million people watched this video for a reason. It touches something real. Retirement isn't just about what you've accumulated. Sometimes it's about what you're willing to let go of.
Here's some of what we discuss in this episode:
🏡 Downsizing: Is a smaller home better?
👨👩👧 Adult Children: Helping without sacrificing retirement
🚤 Expensive Hobbies: When passions become burdens
🚗 Second Car: Do you really need it?
🪪 Work Identity: Finding purpose after retirement
⚖️ Life Changes: Trade-offs create opportunities
Get in touch:
Phone: 661-775-3704
Book an appointment with us: http://bookachatwithjohn.net
Get in touch with us: https://mearsmoney.com/
Watch the Podcast on YouTube: https://bit.ly/3PmcOPM
Check out John's FREE Books: https://je9gekmc.pages.infusionsoft.net/
SpaceX. OpenAI. These and other names have been dominating the headlines. The IPO market is heating up, and clients are asking questions. Today we're keeping it simple. What do retirees and pre-retirees need to understand about IPOs before they get caught up in the excitement?
Here's some of what we discuss in this episode:
🚀 IPO Basics – Understanding how companies go public
💰 Why Companies IPO – Raising capital and rewarding early investors
📈 SpaceX Hype – Why investors are paying attention
😨 FOMO Factor – The emotional side of investing
⚠️ Volatility Risk – Why IPOs can be unpredictable
🧩 Fun Money Strategy – How speculative investments can fit responsibly
Get in touch:
Book an appointment with us: http://bookachatwithjohn.net
Get in touch with us: https://mearsmoney.com/
Watch the Podcast on YouTube: https://bit.ly/3PmcOPM
Check out John's FREE Books: https://je9gekmc.pages.infusionsoft.net/
🏈 Don't fumble your retirement - get your financial game plan at http://bookachatwithjohn.net
Nobody likes talking about death, insurance, or estate planning, but avoiding those conversations can create even bigger problems later. John discusses why protecting the people and things you care about most goes far beyond just investing and retirement accounts. Having a clear plan in place can make life much easier for the people you love when the unexpected happens.
Here's some of what we discuss in this episode:
🛡️ Life Insurance: Protection creates financial stability
💰 Insurance Strategies: More than just a death benefit
📋 Beneficiary Reviews: Small mistakes become costly
⚖️ Estate Documents: Legal preparation matters deeply
👨👩👧 Family Protection: Planning reduces future burdens
Get in touch:
Book an appointment with us: http://bookachatwithjohn.net
Get in touch with us: https://mearsmoney.com/
Watch the Podcast on YouTube: https://bit.ly/3PmcOPM
Check out John's FREE Books: https://je9gekmc.pages.infusionsoft.net/
🏈 Don't fumble your retirement - get your financial game plan at http://bookachatwithjohn.net
John pulls back the curtain on what it actually looks like to build a long-term relationship with a financial advisor. He walks through the process from the first conversation to creating an evolving retirement strategy built around your goals, values, and concerns. Tune in for a practical look at how thoughtful financial planning is designed to grow and adapt alongside your life.
Here's some of what we discuss in this episode:
🤝 Relationships Matter: Strong planning starts with trust and communication
🗂️ Process Creates Clarity: A structured onboarding experience reduces confusion
📋 Planning Comes First: Investments should support goals—not drive them
🧩 Everything Connects: Taxes, income, investing, and lifestyle decisions all interact
📞 Ongoing Support Counts: Great plans evolve as life changes over time
Get in touch:
Book an appointment with us: http://bookachatwithjohn.net
Get in touch with us: https://mearsmoney.com/
Watch the Podcast on YouTube: https://bit.ly/3PmcOPM
Check out John's FREE Books: https://je9gekmc.pages.infusionsoft.net/
We got a great question from a listener: "My investments didn't do as well in the last 12 months as the overall market has done. Should I be re-evaluating my advisor based on this lack of performance?" It's a question a lot of people ask at some point in their investing lives, and John breaks down the answer today. Turns out, if your portfolio is doing what it was designed to do, that's the scorecard that matters.
Here's some of what we discuss in this episode:
📊 "The market" isn't a single benchmark—comparison matters 🎯 Your portfolio's purpose matters more than performance ⏳ One year is not enough time to judge results ⚖️ Diversification means you won't match any one index 🛑 "Wait it out" is not a complete strategy
Book an appointment with us: http://bookachatwithjohn.net
Get in touch with us: https://mearsmoney.com/
Watch the Podcast on YouTube: https://bit.ly/3PmcOPM
Check out John's FREE Books: https://je9gekmc.pages.infusionsoft.net/
🏈 Don't fumble your retirement - get your financial game plan at http://bookachatwithjohn.net
In honor of National Volunteer Week (April 19-25), let's talk about why volunteering is an important part of life, especially in retirement. Retirement isn't just about stepping away from work. It's an opportunity to step toward the things you've always cared about, with more time and freedom than you've had in decades.
Here's some of what we discuss in this episode:
🌟 Finding purpose after retirement through volunteering
⛹️♂️ Opportunities in sports (e.g., coaching, equipment management, and more)
🏠 Volunteering with organizations supporting youth aging out of foster care
🛠️ How you can use your talents, such as teaching or event planning, to give back
💰 Using your financial resources to support charitable causes
Get in touch:
Phone: 661-775-3704
Book an appointment with us: http://bookachatwithjohn.net
Get in touch with us: https://mearsmoney.com/
Watch the Podcast on YouTube: https://bit.ly/3PmcOPM
Check out John's FREE Books: https://je9gekmc.pages.infusionsoft.net/
🏈 Don't fumble your retirement - get your financial game plan at http://bookachatwithjohn.net
AI headlines are everywhere right now, mostly bold predictions about how artificial intelligence will reshape the economy. Instead of reacting to the noise, John steps back and looks at what the data actually suggests about AI and the workforce. He also walks through the top questions people in their 50s and 60s are Googling about AI and retirement, giving clear, practical answers. The searches reveal what you're worried about, but John shares what you should actually do about it.
Here's some of what we discuss in this episode:
🏈 Don't Panic: Headlines aren't a game plan
⚠️ Job Disruption Reality: Change is coming, but not overnight
📊 Portfolio Exposure: AI is already baked into markets
🧠 AI As A Tool: Great for data, not decisions
🎯 Planning Wins: Strategy beats fear every time
Get in touch:
Phone: 661-775-3704
Book an appointment with us: http://bookachatwithjohn.net
Get in touch with us: https://mearsmoney.com/
Watch the Podcast on YouTube: https://bit.ly/3PmcOPM
Check out John's FREE Books: https://je9gekmc.pages.infusionsoft.net/
🏈 Don't fumble your retirement - get your financial game plan at http://bookachatwithjohn.net
Nobody likes tax season. But for new retirees, it can come with a few unwelcome surprises. The rules have changed, the income sources have shifted, and strategies that made sense during your working years may no longer apply. Today, John looks at some of the biggest tax mistakes retirees make as discussed in a recent Kiplinger article and whether these match what we see in the real world.
Here's some of what we discuss in this episode:
📊 RMD Rules: Required distributions can raise taxable income
🔁 Roth Conversions: Timing conversions can reduce future taxes
📈 Tax Bracket Strategy: Conversions must consider bracket thresholds
💰 Social Security Taxes: Benefits can become partially taxable
👫 Spousal Tax Planning: Surviving spouses often face higher taxes
Get in touch:
Phone: 661-775-3704
Book an appointment with us: http://bookachatwithjohn.net
Get in touch with us: https://mearsmoney.com/
Watch the Podcast on YouTube: https://bit.ly/3PmcOPM
Check out John's FREE Books: https://je9gekmc.pages.infusionsoft.net/
🏈 Don't fumble your retirement - get your financial game plan at http://bookachatwithjohn.net
Selling a business is one of the biggest financial decisions you'll ever make. It's not just about finding a buyer, it's about structuring the deal correctly, minimizing taxes, and making sure the sale supports your next chapter of life. John coaches us through major considerations business owners need to think about before signing anything. A business sale can create tremendous opportunity, but only if it's handled with intention and strategy.
Here's some of what we discuss in this episode:
📊 Installment Strategies
📈 Investing the Proceeds
🏠 Income & Lifestyle Planning
🤝 Using a Broker
📚 Final Takeaways
Get in touch:
Phone: 661-775-3704
Book an appointment with us: http://bookachatwithjohn.net
Get in touch with us: https://mearsmoney.com/
Watch the Podcast on YouTube: https://bit.ly/3PmcOPM
Check out John's FREE Books: https://je9gekmc.pages.infusionsoft.net/
🏈 Don't fumble your retirement - get your financial game plan at http://bookachatwithjohn.net
Inheriting a home can feel like a blessing, until the tax questions start piling up. John walks through the playbook for handling inherited property the smart way. This big financial decision deserves careful thought and consideration, not quick reactions. When it comes to inherited real estate, you don't want to move without a game plan.
Here's some of what we discuss in this episode:
📈 Step-Up in Basis: Resetting value at inheritance
💵 Fair Market Value: Why timing matters
🧾 Capital Gains Impact: Selling without surprises
🏘️ Rental Considerations: Income vs liability trade-offs
❤️ Emotional Attachments: Sentiment versus strategy
Get in touch:
Phone: 661-775-3704
Book an appointment with us: http://bookachatwithjohn.net
Get in touch with us: https://mearsmoney.com/
Watch the Podcast on YouTube: https://bit.ly/3PmcOPM
Check out John's FREE Books: https://je9gekmc.pages.infusionsoft.net/
🏈 Don't fumble your retirement - get your financial game plan at http://bookachatwithjohn.net
John tackles a listener question that feels like a red-zone moment: trade $600 a month now or protect your spouse for life. Using real-world examples and a coach's perspective, John breaks down the tradeoffs, risks, and emotional weight behind pension elections. When the stakes are this high, understanding your options before you choose can make all the difference.
Here's some of what we discuss in this episode:
⚖️ Pension Tradeoffs: Income today versus certainty tomorrow
🏠 Survivor Reality: Why expenses don't drop as much as people assume
🛡️ Insurance Angle: Using life insurance as a possible planning tool
🔐 Locked-In Choices: Why pension elections often can't be changed
❤️ Emotional Factors: Balancing math, longevity, and peace of mind
Get in touch:
Phone: 661-775-3704
Book an appointment with us: http://bookachatwithjohn.net
Get in touch with us: https://mearsmoney.com/
Watch the Podcast on YouTube: https://bit.ly/3PmcOPM
Check out John's FREE Books: https://je9gekmc.pages.infusionsoft.net/
🏈 Don't fumble your retirement - get your financial game plan at http://bookachatwithjohn.net
What's new in 2026 for retirees & pre-retirees? John covers several updates that could quietly impact your cash flow, taxes, and savings strategy. A quick review now can help make sure changes in 2026 work with your plan, not against it. Discover actionable reminders and why your next steps matter more than ever.
Here's some of what we discuss in this episode:
🧭 2026 Overview – Key retirement-related changes for the year
📈 COLA & Medicare – Social Security increases offset by premiums
🧾 Social Security Taxes – Senior deduction impacts taxability
📊 Catch-Up Savings – Higher contribution limits for older workers
🔁 Secure Act 2.0 – Roth rules reshape contribution strategies
Get in touch:
Phone: 661-775-3704
Book an appointment with us: http://bookachatwithjohn.net
Get in touch with us: https://mearsmoney.com/
Watch the Podcast on YouTube: https://bit.ly/3PmcOPM
Check out John's FREE Books: https://je9gekmc.pages.infusionsoft.net/
🏈 Don't fumble your retirement - get your financial game plan at http://bookachatwithjohn.net
Join John as he wraps up the year and answers some of the biggest questions on listeners' minds. This episode dives into real-world financial concerns, practical strategies, and tips to help you keep your retirement game plan on track. John cuts through the noise with straightforward answers that help you think clearly about the retirement decisions that matter most.
Here's some of what we discuss in this episode:
🎁 Holiday Gifting: understanding limits and smart giving strategies
💰 Excess Cash: balancing comfort with inflation risk
🏡 Downsizing Moves: equity, mortgages, and retirement timing
📚 Resources: planning tools and helpful tips for the upcoming year
Get in touch:
Phone: 661-775-3704
Book an appointment with us: http://bookachatwithjohn.net
Get in touch with us: https://mearsmoney.com/
Watch the Podcast on YouTube: https://bit.ly/3PmcOPM
Check out John's FREE Books: https://je9gekmc.pages.infusionsoft.net/
🏈 Don't fumble your retirement - get your financial game plan at http://bookachatwithjohn.net
Celebrate our 100th episode as John tackles the ever-important topic of Social Security and retirement planning. In this milestone show, we discuss key considerations for deciding when to claim Social Security benefits and the common mistakes to avoid. Tune in for expert insights and practical advice to help you make informed decisions about when to take Social Security.
Here's some of what we discuss in this episode:
🚫 Don't Rush at 62: the common arguments for claiming early
📊 Why Waiting Pays: the math behind delaying benefits
⚖️ Policy & Politics: how system changes may (or may not) impact you
🎯 Smart Claiming Strategies: building a personalized approach
💛 Feelings vs. Facts: balancing emotion with long-term financial impact
Book an appointment with us: http://bookachatwithjohn.net
Get in touch with us: https://mearsmoney.com/
Watch the Podcast on YouTube: https://bit.ly/3PmcOPM
Check out John's FREE Books: https://je9gekmc.pages.infusionsoft.net/
🏈 Don't fumble your retirement - get your financial game plan at http://bookachatwithjohn.net
You've heard the saying, "There's no such thing as a bad question." But in retirement planning, some questions are definitely better than others. The way you frame a question often determines the quality of the answer, and sometimes the quality of your entire retirement. Today, John goes through some of the most asked questions and how to reframe them to get clearer, more useful answers.
Here's some of what we discuss in this episode:
🦃 Thanksgiving Traditions: John's holiday traditions and favorite Thanksgiving meal
📉 Volatility Reality: understanding sequence-of-returns risk in retirement
💼 Advisor Value: what you pay for vs. what you get
⚖️ Risk Management: adjusting portfolios to match real-life goals
💵 Cash Decisions: avoiding emotional market timing and poor allocation choices
🏛️ Social Security: framing smarter questions around timing and strategy
Book an appointment with us: http://bookachatwithjohn.net
Get in touch with us: https://mearsmoney.com/
Watch the Podcast on YouTube: https://bit.ly/3PmcOPM
Check out John's FREE Books: https://je9gekmc.pages.infusionsoft.net/
🏈 Don't fumble your retirement - get your financial game plan at http://bookachatwithjohn.net
In football, every great play starts with a solid game plan, and generosity works the same way. Giving feels good, but giving wisely wins championships. Today, John breaks down the playbook for smart, purposeful generosity and shows you how to make every dollar count. Because when it comes to giving, it's not just about moving the ball, it's about leaving a lasting legacy on and off the field.
Here's some of what we discuss in this episode:
📅 When to Give: Timing your donations for both impact and efficiency
🎁 Non-Cash Giving: Donating appreciated stocks, property, or other assets
💵 How Much to Give: Setting intentional goals without losing flexibility
💰 Tax Efficiency: Making the most of deductions and donation timing
🏦 Qualified Charitable Distributions (QCDs): A tax-smart way to give from your IRA
Get in touch:
Phone: 661-775-3704
Book an appointment with us: http://bookachatwithjohn.net
Get in touch with us: https://mearsmoney.com/
Watch the Podcast on YouTube: https://bit.ly/3PmcOPM
Check out John's FREE Books: https://je9gekmc.pages.infusionsoft.net/
🏈 Don't fumble your retirement - get your financial game plan at http://bookachatwithjohn.net
Fidelity just released their 2025 Retiree Health Care Cost Estimate. The number is staggering: $172,500 for a 65-year-old retiring today. The bigger problem? One in five Americans hasn't even thought about health care costs in retirement. Today, John breaks down exactly what this means, why it matters, and how to prepare. With the right planning, you can make health care just another line item in your retirement budget, not a financial shock.
Here's some of what we discuss in this episode:
📈 Fidelity's 2025 Report Takeaways: retiree health care costs climb again
⚠️ Gen X Wake-Up Call: many still unprepared for medical expenses
🏥 Medicare Misconceptions: understanding what's covered and what's not
💰 HSA Power Move: using Health Savings Accounts as a retirement tool
🧭 Smart Strategies: how to plan ahead and reduce health care costs
Fidelity Releases 2025 Retiree Health Care Cost Estimate:
https://newsroom.fidelity.com/pressreleases/fidelity-investments--releases-2025-retiree-health-care-cost-estimate--a-timely-reminder-for-all-gen/s/3c62e988-12e2-4dc8-afb4-f44b06c6d52e
Learn more about Medicare: https://boomerbenefits.com/
Get in touch:
Phone: 661-775-3704
Book an appointment with us: http://bookachatwithjohn.net
Get in touch with us: https://mearsmoney.com/
Watch the Podcast on YouTube: https://bit.ly/3PmcOPM
Check out John's FREE Books: https://je9gekmc.pages.infusionsoft.net/
🏈 Don’t fumble your retirement - get your financial game plan at http://bookachatwithjohn.net
Retirement isn’t just about saving money—it’s about strategically planning your withdrawals. In this episode of Red Zone Retirement, we'll take you through our annual “strategic and tactical” fall meetings, showing how smart planning now can prevent massive surprises later.
Here’s some of what we discuss in this episode:
✅ How to make Roth conversions work in your favor ✅ The hidden Medicare penalty most people miss ✅ Guardrails that protect your income when the market dips ✅ How strategic meetings can save you $100K+
Get in touch:
Phone: 661-775-3704
Book an appointment with us: http://bookachatwithjohn.net
Get in touch with us: https://mearsmoney.com/
Watch the Podcast on YouTube: https://bit.ly/3PmcOPM
Check out John’s FREE Books: https://je9gekmc.pages.infusionsoft.net/
🏈 Don’t fumble your retirement - get your financial game plan at http://bookachatwithjohn.net
In this episode, John steps onto the field and reacts to unfiltered takes from viewers, everything from taking Social Security at 62 to the hidden penalty of healthcare costs before Medicare kicks in. These “back of the napkin” plays may look good in the huddle, but we'll break down where the blocking is weak, what gaps are being missed, and how early mistakes can leave you taking a permanent loss on retirement income and survivor benefits.
Here’s some of what we discuss in this episode:
🧾 Taking Social Security early means a permanent cut, not a temporary fix
💊 Healthcare costs before Medicare can derail early retirement dreams
🧠 Retirement planning is 95% psychology and only 5% math
🏠 Singles face unique tax and caregiving challenges
📊 Research shows an advisor’s value outweighs the 1% fee
Book an appointment with us: http://bookachatwithjohn.net
Get in touch with us: https://mearsmoney.com/
Watch the Podcast on YouTube: https://bit.ly/3PmcOPM
Check out John’s FREE Books: https://je9gekmc.pages.infusionsoft.net/
🏈 Don’t fumble your retirement - get your financial game plan at http://bookachatwithjohn.net
Think Medicare is free once you hit 65? Not quite. If your income’s too high, there’s a hidden surcharge that can quietly shrink your Social Security check by thousands a year. It’s called IRMAA. And most people don’t see it coming. Let’s break down who’s impacted and how to avoid it.
Here’s some of what we discuss in this episode:
💰 IRMAA is a Medicare penalty based on income—not assets
🔙 It looks 2 years backward to determine your premiums
💥 One-time income events like property sales or Roth conversions can trigger IRMA
🧾 You can appeal the penalty with a simple SSA-44 form
🎯 Strategies like QCDs and tax-aware conversions help reduce exposured
Get in touch:
Phone: 661-775-3704
Book an appointment with us: http://bookachatwithjohn.net
Get in touch with us: https://mearsmoney.com/
Watch the Podcast on YouTube: https://bit.ly/3PmcOPM
Check out John’s FREE Books: https://je9gekmc.pages.infusionsoft.net/
🏈 Don’t fumble your retirement - get your financial game plan at http://bookachatwithjohn.net
In football, one bad play doesn’t decide the outcome. A fumble, interception, or blown coverage can rattle a team, but the best players stay calm, adjust, and keep running their game plan. The same lesson applies to your finances. In this episode, John uses football stories from the field to show how to handle financial fumbles without panicking. Setbacks are part of the game. What matters is responding with discipline and perspective so you can stay on track toward your long-term goals.
Here’s some of what we discuss in this episode:
🏈 Lessons from turnovers and comebacks
💰 Why emergency funds are essential
📉 Market drops vs. panic selling
📰 Ignoring scary financial headlines
📊 Diversification as your defensive line
Get in touch:
Phone: 661-775-3704
Book an appointment with us: http://bookachatwithjohn.net
Get in touch with us: https://mearsmoney.com/
Watch the Podcast on YouTube: https://bit.ly/3PmcOPM
Check out John’s FREE Books: https://je9gekmc.pages.infusionsoft.net/
🏈 Don’t fumble your retirement - get your financial game plan at http://bookachatwithjohn.net
When it comes to retirement, the toughest calls aren’t always about the market — they’re about your life. In this episode, John takes a break from the playbook to field real questions straight from the audience mailbag. Big choices about where to live, how to invest, and when to start Social Security can feel like fourth-quarter pressure, and John’s here to help you call the right plays when it matters most.
John explores the pros and cons of renting in retirement, why relying on a “dividends only” strategy can limit your options, and the real story behind claiming Social Security after 70. With clear strategies, relatable stories, and a few laughs from the sidelines, he offers a winning game plan for finishing strong and walking off the field on your own terms. The choices you make today can shape your retirement for decades, so tune in to hear real questions and real answers that matter to people just like you.
Here’s some of what we discuss in this episode: 🏠 The surprising financial benefits of renting in retirement 📉 Why dividend-only investing may limit your flexibility ⏳ Taking Social Security after age 70 🐦 How “go-go, slow-go, and no-go” years impact choices
0:00 – Intro 1:56 – Renting in Retirement (Pros & Cons) 7:08 – Is Dividend-Only Investing Viable? 11:14 – Social Security Strategy at Age 70+
Get in touch:
Phone: 661-775-3704
Book an appointment with us: http://bookachatwithjohn.net
Get in touch with us: https://mearsmoney.com/
Watch the Podcast on YouTube: https://bit.ly/3PmcOPM
Check out John’s FREE Books: https://je9gekmc.pages.infusionsoft.net/
🏈 Don’t fumble your retirement - get your financial game plan at http://bookachatwithjohn.net
Retirement planning isn’t about flashy plays- it’s about fundamentals. In this episode, John breaks down the “3 Factor Model,” an investment strategy backed by decades of academic research. He explains how focusing on market exposure, small-cap stocks, and value companies can give investors a subtle but powerful performance edge over time.
Using football as a framework, John compares successful investing to building a winning team: it's about preparation, sticking to the game plan, and finding hidden advantages. You'll also hear why true diversification goes beyond owning a few mutual funds, and how index investing (“owning the whole haystack”) helps reduce risk while increasing consistency. Above all, John drives home that patience, discipline, and smart execution- quarter after quarter- are what win championships in both football and finance.
Here’s some of what we discuss in this episode:
💡 What is the 3 Factor Model?
🏈 Why “just getting in the game” beats sitting on the sidelines in investing
📉 How small companies and value stocks can quietly outperform the big names
🔁 Why proper diversification isn’t just holding multiple mutual funds
⏳ How many years it takes to detect a trend
Get in touch:
Phone: 661-775-3704
Book an appointment with us: http://bookachatwithjohn.net
Get in touch with us: https://mearsmoney.com/
Watch the Podcast on YouTube: https://bit.ly/3PmcOPM
Check out John’s FREE Books: https://je9gekmc.pages.infusionsoft.net/
Big tax law changes always bring big rumors. But before you assume Social Security is now tax-free or that you’re getting a $40K deduction just for breathing, let’s set the record straight on what’s really changing. If you’ve been hearing wild claims about tax-free retirement or giant write-offs, this conversation may just be the reality check you need.
Here’s some of what we discuss in this episode:
🧾 New Social Security deductions for seniors 65+
💰 Not everyone gets a tax cut, despite the hype
🏡 Estate tax tweaks don’t replace actual planning
🙌 Changes to the charitable deduction
💵 Tips under $25K are tax-free… for now
One Big Beautiful Bill Act Summary: https://www.congress.gov/bill/119th-congress/house-bill/1
Get in touch:
Phone: 661-775-3704
Book an appointment with us: http://bookachatwithjohn.net
Get in touch with us: https://mearsmoney.com/
Watch the Podcast on YouTube: https://bit.ly/3PmcOPM
Check out John’s FREE Books: https://je9gekmc.pages.infusionsoft.net/
Target-date funds just passed $4 trillion in assets. They’re now the default investment in many 401(k)s, and millions of Americans are using them without really understanding how they work. So, are they a smart choice… or just the easiest one? In this episode, John tackles the pros, cons, and misconceptions surrounding target-date funds.
We’ll break down how they work, why they’re so popular, and what you don’t know that could be costing you more than you think. We’re talking hidden fees, misunderstood risk levels, and why this “set it and forget it” method might be fine at 25, but risky at 50. You’ll also learn the real meaning of “glide path,” and how it may seriously impact your long-term results.
Here’s some of what we discuss in this episode:
📈 Pros and cons of target-date funds
🤖 The appeal of set-it-and-forget-it investing
📊 Overlap risk: owning the same thing in multiple funds
🎯 Are target-date funds managed?
🧩 Why a one-size-fits-all fund might not fit you at all
Get in touch:
Phone: 661-775-3704
Book an appointment with us: http://bookachatwithjohn.net
Get in touch with us: https://mearsmoney.com/
Watch the Podcast on YouTube: https://bit.ly/3PmcOPM
Check out John’s FREE Books: https://je9gekmc.pages.infusionsoft.net/
Football is often called a game of inches, and the same can be said for retirement planning. Winning on the field and winning in retirement both come down to the smallest decisions, the fine-tuned plays, and knowing what to look for before it’s too late. Yet many people overlook the financial “red zone,” where strategy and timing matter most. One wrong move, like a missed RMD or a forgotten beneficiary update, can cost you more than just yards. It can cost you real money and peace of mind.
In this episode, John breaks down the unexpected parallels between football and personal finance, sharing real stories and real stakes. You’ll learn how awareness, leverage, timing, and knowing your “personnel” all translate into smarter financial decisions. Whether you're a lifelong fan or just looking to tighten up your retirement game, you’ll leave with a clearer sense of what details really matter. So, what’s the one little thing that could be your financial blindside?
Here’s some of what we discuss in this episode:
🧠 Spot hidden financial blind spots before they hurt you
📋 Learn how small tax timing mistakes can cost thousands
🏥 Decode IRMAA surcharges
📉 Discover the trap play hidden in company stock plans
🪪 Fix the most common (and costly) beneficiary blunder
Get in touch:
Phone: 661-775-3704
Book an appointment with us: http://bookachatwithjohn.net
Get in touch with us: https://mearsmoney.com/
Watch the Podcast on YouTube: https://bit.ly/3PmcOPM
Check out John’s FREE Books: https://je9gekmc.pages.infusionsoft.net/
Today, John’s answering a question from a viewer about hiring a spouse, or children, in a family business. When structured properly, this strategy can create significant tax advantages and strengthen retirement savings. However, it also carries risks if not handled correctly. We’ll break down the real pros, cons, and IRS guidelines around bringing your family onto the payroll.
Here’s some of what we discuss in this episode:
0:00 – Intro
1:06 – Are there tax benefits to hiring your family?
2:43 – What qualifies as “real work”?
6:55 – Roth IRAs and earned income
10:06 – Insurance and education reimbursement plans
11:43 – Avoid these common mistakes
14:27 – Relationship risks
Get in touch:
Phone: 661-775-3704
Book an appointment with us: http://bookachatwithjohn.net
Get in touch with us: https://mearsmoney.com/
Watch the Podcast on YouTube: https://bit.ly/3PmcOPM
Check out John’s FREE Books: https://je9gekmc.pages.infusionsoft.net/
Retirement can feel a lot like facing a defensive blitz. Just like in football, when six defenders line up and the offense doesn’t know who’s coming after the quarterback, retirees can feel surrounded. With market volatility, tax changes, media noise, and conflicting advice, it’s hard to know where to focus.
If you can’t identify what’s real and what’s just smoke, John breaks down how to approach these decisions with strategy, to make sure your choices don’t cost you the game. You’ll learn how to recognize financial distractions, avoid costly misreads, and stick to a disciplined playbook that protects your long-term goals. John also covers what belongs in your financial “six-man box” and explains why limiting your financial to-do list might be the best way to stay focused.
Here’s some of what we discuss in this episode:
🧠 Simulated pressure: What it means in football and your finances
🧱 Building a disciplined “six-man box” for your financial defense
🚩 Misdiagnosing financial threats—how to avoid interceptions
🎯 Focus, filter, and execute: Lessons from the QB’s perspective
🔁 Why your financial plan needs constant film-room review
Get in touch:
Phone: 661-775-3704
Book an appointment with us: http://bookachatwithjohn.net
Get in touch with us: https://mearsmoney.com/
Watch the Podcast on YouTube: https://bit.ly/3PmcOPM
Check out John’s FREE Books: https://je9gekmc.pages.infusionsoft.net/
Retirement planning isn’t that different from calling plays on game day. When the market’s throwing curveballs and the scoreboard doesn’t look great, you don’t panic…but you should adjust. In this mailbag edition, John answers listener questions about navigating market volatility with a level head. Whether it’s rebalancing in a down market, knowing when to “buy the dip,” or understanding what diversification actually looks like when everything feels like it’s dropping, we will break down how you can call the right plays in volatile markets.
You’ll also hear why knowing your portfolio’s standard deviation helps you stay cool under pressure, how dollar-cost averaging can ease anxiety when reinvesting cash, and why diversification isn’t dead. If you’ve found yourself checking your accounts too often lately, let’s take a step back, zoom out, and re-center your strategy.
Here’s some of what we discuss in this episode:
📉 Rebalancing during downturns
📊 Standard deviation: know your number
🔁 Dollar-cost averaging into a volatile market
🧠 Why fundamentals still win the game
Get in touch:
Phone: 661-775-3704
Book an appointment with us: http://bookachatwithjohn.net
Get in touch with us: https://mearsmoney.com/
Watch the Podcast on YouTube: https://bit.ly/3PmcOPM
Check out John’s FREE Books: https://je9gekmc.pages.infusionsoft.net/
What should you actually do when the market drops? In this episode, John breaks down the recent market volatility and offers a steady voice amid the noise. With headlines warning of global uncertainty and investors feeling the heat, John shares why emotional reactions can lead to long-term regrets and what smart investors should do instead.
Drawing on years of experience, John explains why downturns are expected (one in every four years!), the power of rebalancing, and how diversified portfolios are built for all seasons. He also discusses the importance of written income strategies and risk guardrails to help you ride out the storm with clarity and confidence.
If market swings have you second-guessing your plan, this conversation will bring perspective, peace of mind, and actionable strategies to keep your retirement goals on track.
Here’s some of what we discuss in this episode:
📉 Why market drops are normal- and expected
💼 How diversification and rebalancing can help you
⚠️ Unhelpful behaviors to avoid during downturns
🧠 The psychology of investing under pressure
🛡️ Why written plans and guardrails matter
Tariffs Episode:
https://redzoneretirement.libsyn.com/what-do-proposed-tariffs-mean-for-your-portfolio
Get in touch:
Phone: 661-775-3704
Book an appointment with us: http://bookachatwithjohn.net
Get in touch with us: https://mearsmoney.com/
Watch the Podcast on YouTube: https://bit.ly/3PmcOPM
Check out John’s FREE Books: https://je9gekmc.pages.infusionsoft.net/
Tax season is here, but filing your 2024 return is just one piece of the puzzle. Now is also the perfect time to take advantage of new tax rules for 2025—before the year gets away from you. In this episode, we’ll break down the key changes and how you can start planning now to make the most of them.
With higher standard deductions, increased retirement contribution limits, and updated HSA rules, there are plenty of opportunities to lower your tax bill and boost your savings. We’ll also highlight the risks of DIY tax filing, the hidden costs of getting it wrong, and when it’s worth working with a qualified pro.
Here’s some of what we discuss in this episode:
📈 Standard deduction changes—why it matters more than you think
💰 401(k) contribution bumps (including the strange 60–63 catch-up)
💸 The mega backdoor Roth strategy for high earners
🧾 HSA hacks—how to reimburse past medical expenses years later
Get in touch:
Phone: 661-775-3704
Book an appointment with us: http://bookachatwithjohn.net
Get in touch with us: https://mearsmoney.com/
Watch the Podcast on YouTube: https://bit.ly/3PmcOPM
We’re ready for the return of March Madness and the craziness that will unfold over the next three weeks. We can’t give you any tournament picks, but we can take a look at what it teaches us about financial planning. In this episode, we’re going to look at the surprising parallels between bracket busting and investing—and why trying to pick stocks can feel a lot like picking the perfect tournament winner.
With a 1 in 120.2 billion chance of filling out a perfect bracket, it’s no surprise that stock picking success is just as difficult. We’ll discuss why most people chase the wrong investments, why emotions cloud judgment, and how building a balanced, diversified portfolio is the smartest strategy—just like owning the whole bracket instead of betting on a single team.
Plus, we’re going to touch on market trends, investment myths, and why sustainable success in retirement requires discipline—not luck. Before you settle in for a long day of basketball, let’s have a little fun first.
Here’s what we discuss in this episode:
0:00 – Intro
1:45 – Most lost money
4:10 – Sustained success is unrealistic
7:20 – Picking favorites
9:20 – Strategies
11:19 – Final thoughts
Get in touch:
Phone: 661-775-3704
Book an appointment with us: http://bookachatwithjohn.net
Get in touch with us: https://mearsmoney.com/
Watch the Podcast on YouTube: https://bit.ly/3PmcOPM
Presidents aren’t just leaders of a nation. They’re decision-makers who navigate uncertainty, make tough calls, and plan for the future. Today, we’re looking at how the leadership lessons of some of America’s greatest presidents can help you build a smarter, more secure retirement plan.
In the spirit of President’s Day, Join John and his co-host as they discuss presidential quotes and the lessons they can teach us about patience, adaptability, and long-term planning in the face of uncertainty. From George Washington's discipline to Franklin D. Roosevelt's strategic vision, discover how these traits can guide your financial journey.
Here’s what we discuss in this episode:
0:00 – Intro
1:20 – George Washington - patience & discipline
6:06 – Lincoln – adaptability & resilience
10:10 – FDR – strategic vision in crisis
15:20 – Eisenhower – preparation & contingency planning
Get in touch:
Phone: 661-775-3704
Book an appointment with us: http://bookachatwithjohn.net
Get in touch with us: https://mearsmoney.com/
Watch the Podcast on YouTube: https://bit.ly/3PmcOPM
The day President Trump took office, he announced plans to implement a 25 percent tariff on goods from Mexico and Canada. Additional tariff conversations have exploded since that day. How might this impact your personal finances and the economy?
Today, we’ll explain a bit of the backstory of tariffs- what they are, why governments impose them, and the historical content of them. We’ll also break down these new tariffs that have been introduced, their potential impact on everyday people, and what you can do to navigate this shifting financial landscape.
Here’s some of what we discuss in this episode:
0:00 – Intro
1:26 – Tariffs and their historical context
3:52 – Impact of tariffs on trade and manufacturing
9:13 – Tariffs' effects on consumers
12:57 – Having a diverse and resilient portfolio
Resources for this episode:
Wolf Street Article
https://wolfstreet.com/2025/02/03/what-trumps-tariffs-did-last-time-2018-2019-had-no-impact-on-inflation-doubled-receipts-from-customs-duties-and-hit-stocks/
Get in touch:
Phone: 661-775-3704
Book an appointment with us: http://bookachatwithjohn.net
Get in touch with us: https://mearsmoney.com/
Watch the Podcast on YouTube: https://bit.ly/3PmcOPM
Social Security claiming strategies can vary greatly depending on family dynamics. This episode explores how different family situations, such as those with a stay-at-home spouse or a blended family, can impact when and how to claim Social Security benefits to maximize your retirement income.
Discover how small adjustments can lead to successful retirement planning, and learn about the newly passed Social Security Fairness Act. Explore strategies for single and dual-income households, blended families, and special considerations for those with disabilities.
Social Security should not be viewed in isolation but as part of a holistic retirement strategy that includes investments, tax planning, and more. With the recent changes brought by the Social Security Fairness Act, it's more important than ever to stay informed.
Here’s what we discuss in this episode:
0:00 – Intro
2:25 – Social Security Fairness Act
5:42 – Single income households
8:11 – Dual income households
12:11 – Special considerations for blended families
15:06 – Why you need a Social Security plan going in
16:55 – SSDI vs. SSI
21:19 – Let your advisor know your life circumstances, it matters
Get in touch:
Phone: 661-775-3704
Book an appointment with us: http://bookachatwithjohn.net
Get in touch with us: https://mearsmoney.com/
Watch the Podcast on YouTube: https://bit.ly/3PmcOPM
As we kick off 2025, a lot of people consider what they want the year to look like and how to put their best foot forward, especially financially. Think: “new year, new me!” To figure out what the new “you” is all about, sometimes it helps to reflect first on what you’ve done in the past and what you want to change moving forward.
Today, we’ll talk about the financial decisions and habits you’ve maybe had in the past and what changes you can make this year to embrace the new you.
From overspending to understanding your net worth, John provides insights and real-life examples to help you rethink your financial strategies. Whether you're struggling with spending habits or unsure of your investments, this episode will help you change your money mindset in a positive way this year.
Here’s some of what we discuss in this episode:
0:00 – Intro
1:57 – Overspending
6:49 – Reluctance to spend in retirement
10:05 – Take inventory of your portfolio
14:45 – Staying invested
20:24 – Planning
Get in touch:
Phone: 661-775-3704
Book an appointment with us: http://bookachatwithjohn.net
Get in touch with us: https://mearsmoney.com/
Watch the Podcast on YouTube: https://bit.ly/3PmcOPM
Do you rebalance at the end of the year, beginning of the new year, or when something happens in life? Rebalancing is an artform of sorts, and it’s a crucial part of maintaining your financial health as you approach retirement. Let’s explore this concept and why it’s often more complex than you’d expect.
John will describe how periodic adjustments—whether calendar-based, threshold-based, or triggered by life events—help maintain desired risk levels and asset allocation. Rebalancing isn't about market timing but sticking to a disciplined approach, especially in volatile markets. Learn how to buy low, sell high, and keep your investments on track to ensure long-term financial health and a secure retirement.
Here’s what we discuss in this episode:
0:00 – Intro
3:53 – What is rebalancing?
5:57 – Calendar based rebalancing
8:43 – Threshold based rebalancing
11:23 – Rebalancing after life events
12:47 – Rebalancing due to market conditions
Get in touch:
Phone: 661-775-3704
Book an appointment with us: http://bookachatwithjohn.net
Get in touch with us: https://mearsmoney.com/
Watch the Podcast on YouTube: https://bit.ly/3PmcOPM
Did you know most Americans retire earlier than planned, often due to unexpected health issues, job changes, or financial surprises? These challenges can force people out of work early, leaving them unprepared for decades of retirement.
In this episode, we’ll explore recent research highlighting the importance of planning for early retirement, even if it’s not in your current plans. Discover how unexpected health issues, job loss, and organizational changes can force early retirement and learn about the small adjustments you can make to ensure a successful transition.
Tune in for practical advice on managing your retirement strategy, including Social Security and healthcare considerations, and hear real-life case studies that highlight the importance of adaptability.
Here’s some of what we discuss in this episode:
0:00 – Intro
1:16 – Retirement stats
2:40 – Most aren’t prepared
4:03 – Client story
6:59 – Biggest factors
10:00 – How to prepare
16:15 – Retirement happiness
Get in touch:
Phone: 661-775-3704
Book an appointment with us: http://bookachatwithjohn.net
Get in touch with us: https://mearsmoney.com/
Watch the Podcast on YouTube: https://bit.ly/3PmcOPM
Unlocking your financial potential and ensuring a successful retirement is not something that happens overnight. It requires strategic planning, expert guidance, and a keen understanding of the financial landscape. In this episode, John shares his journey and insights into the world of retirement planning.
Our mission is driven by a desire to provide unbiased, client-centered advice—a rarity in an industry often dominated by commission-based motives. As we’ll explain today, the role of a fiduciary is to act in the best interest of the client, even if it means personal sacrifice. This commitment to integrity is what sets us apart and underscores the importance of choosing the right advisor for your retirement journey.
Here’s some of what we discuss in this episode:
0:00 – Intro
1:28 – What got John into financial planning?
4:58 – The role of taxes
7:00 – The referral process
11:44 – What’s next after the plan?
14:03 – The biggest hurdle is often the mindset shift
17:16 – The many hats of financial advisors
Get in touch:
Phone: 661-775-3704
Book an appointment with us: http://bookachatwithjohn.net
Get in touch with us: https://mearsmoney.com/
Watch the Podcast on YouTube: https://bit.ly/3PmcOPM
It’s a mailbag edition of the show this week as we’ll tackle questions about inherited IRAs and investing in 401k. Plus, John’s football season as a head coach has come to an end and it taught him a valuable lesson about diversification.
We appreciate all the recent visitors to our channel and the feedback they’ve provided, which is why we wanted to take some time to answer the questions that you’ve asked us. So we’ll talk about the nuances of inherited IRAs and provide some guidance for beneficiaries. Then we’ll get into 401k contributions and tax strategies to help you better understand when to take full advantage of this retirement account and when to start scaling back.
Tune in to learn how to approach your retirement planning with the precision and strategy of a championship-winning team.
Here’s some of what we discuss in this episode:
0:00 – Intro
1:12 – Football lesson on diversification
4:09 – What to do with an inherited IRA?
7:54 – Should I stop putting money into the 401k?
12:07 – Final thoughts
Get in touch:
Phone: 661-775-3704
Book an appointment with us: http://bookachatwithjohn.net
Get in touch with us: https://mearsmoney.com/
Watch the Podcast on YouTube: https://bit.ly/3PmcOPM
Social Security is the backbone of retirement for millions of Americans, but big changes may be coming. There’s plenty of speculation about what actions the government will take to extend the life of the program, but now we have a few more specifics of what it could potentially look like.
Here’s some of what we discuss in this episode:
0:00 – Intro
2:31 – The question asked to the Congressional Budget Office
5:39 – David Walker
7:32 – Early retirement
9:25 – CBO proposal would only put a dent into the math problem
13:17 – Raising the wage base
15:01 – Planning for change
18:26 – Two-minute drill
Get in touch:
Phone: 661-775-3704
Book an appointment with us: https://mearsmoneymanagement.as.me/schedule.php
Get in touch with us: https://mearsmoney.com/
Watch the Podcast on YouTube: https://bit.ly/3PmcOPM
You wouldn’t necessarily expect Mike Tyson, Kim Kardashian, and Snooki to dispense valuable insights about financial planning matters. In fact, you’d probably expect the opposite. But with a little bit of creativity, we can get some financial planning pearls of wisdom from even the most unlikely of sources.
Join John as he breaks down some quotes from some of the most recognizable celebrities and uncovers how these well-known sayings can actually relate to financial planning. From reality stars to successful athletes, we’ll have a little fun on today’s show. Tune in as we break it all down and see what we can learn!
Here’s some of what we discuss in this episode:
0:00 – Intro
2:25 – Lindsay Lohan
4:49 - Snooki
7:42 – Charles Barkley
11:05 – Mike Tyson
14:03 – Shaquille O’Neal
Get in touch:
Phone: 661-775-3704
Book an appointment with us: https://mearsmoneymanagement.as.me/schedule.php
Get in touch with us: https://mearsmoney.com/
Watch the Podcast on YouTube: https://bit.ly/3PmcOPM
A video with the simple premise of exploring five regrets from retirees blew up to more than a half-million views on YouTube, and it doesn’t surprise us that people are worried about being ready for retirement. It’s actually great to see that much interest in avoiding mistakes in retirement.
Let’s dive into the video and see what regrets made the list and, more importantly, explore what proactive steps you can take to avoid having the same regrets when you retire. John will share his insights on each of these and provide personal anecdotes about what he’s seen from clients.
Discover stories of financial planning, health maintenance, and the importance of hobbies to ensure a fulfilling retirement (like a 95-year-old client who is still in a weekly bowling league!)
Here’s some of what we discuss in this episode:
0:00 – Intro
3:00 – Wishing they had retired earlier
7:48 – Wishing they spent more earlier in retirement
9:56 – Wishing they had taken better care of their health
13:18 – Wishing they had taken up a hobby
15:38 – Wishing they had traveled more
17:34 – Mailbag
Get in touch:
Phone: 661-775-3704
Book an appointment with us: https://mearsmoneymanagement.as.me/schedule.php
Get in touch with us: https://mearsmoney.com/
Watch the Podcast on YouTube: https://bit.ly/3PmcOPM
Remember the thrill of shaking a Magic 8 Ball to get answers to your childhood questions? Would we ace that math test? Would we be famous someday? Well, today, we're bringing a bit of that magic back. But instead of asking about pop quizzes and playground crushes, we’re turning to the Magic 8 Ball for advice on something much more important: your retirement planning!
What would the Magic 8 Ball have to say about these common retirement questions if it had the wisdom of a financial advisor? Tune in to find out!
Here’s some of what we discuss in this episode:
0:00 – Intro
1:57 – Is a million dollars enough to retire?
5:27 – Can I rely on Social Security?
7:52 – Is it wise to have multiple sources of retirement income?
9:21 – Should I review my retirement plan annually?
10:59 – Will my retirement be affected by future tax changes?
12:58 – Should I consider working with a financial professional?
Home Equity Conversion Mortgage episode
https://redzoneretirement.libsyn.com/what-the-heck-is-a-hecm
Get in touch:
Phone: 661-775-3704
Book an appointment with us: https://mearsmoneymanagement.as.me/schedule.php
Get in touch with us: https://mearsmoney.com/
Watch the Podcast on YouTube: https://bit.ly/3PmcOPM
The Medicare Open Enrollment Period will be here before we know it! But what does this mean for you? How does the process work, and who should be paying close attention? In this episode, we’ll break down everything you need to know about navigating this crucial period.
Open enrollment, running from October 15 to December 7, allows those already enrolled in Medicare to make changes. Whether you're considering switching plans, adjusting your prescription drug coverage, or simply reviewing your current plan, understanding the ins and outs of open enrollment is vital. Join John as he shares invaluable insights on how to navigate the complexities of Medicare and make informed decisions during the open enrollment period.
By understanding your options, avoiding penalties, and seeking professional guidance, you can ensure a smooth transition and secure the best possible plan for your needs.
Here’s some of what we discuss in this episode:
0:00 – Intro
1:48 – Key open enrollment dates
4:22 – Finding assistance to answer your Medicare questions
7:16 – Things to consider when shopping through open enrollment
8:50 – What to do if you miss open enrollment
11:07 – Inflation Reduction Act
12:22 – Planning ahead
13:42 – Mailbag
Get in touch:
Phone: 661-775-3704
Book an appointment with us: https://mearsmoneymanagement.as.me/schedule.php
Get in touch with us: https://mearsmoney.com/
Watch the Podcast on YouTube: https://bit.ly/3PmcOPM
Remember when you were a kid, always asking 'How do you know?' about everything, like why the sky is blue or where the sun goes at night? That curiosity doesn't go away as we get older; it just turns into different questions, like the ones we face when planning for retirement. Today, we’re digging into the 'How Do You Knows' of retirement planning.
This is a topic we care a lot about because John is always encouraging his children to be curious. It’s important to foster that sense of curiosity in our kids as well as our clients as well. We encourage questions and would rather you ask them than to just wonder what the answer might be.
Here’s some of what we discuss in this episode:
0:00 – Intro
2:02 – How much income will you need?
6:09 – How much risk do we need to have?
11:34 – How long do we need our savings to last?
14:06 – When to turn on Social Security
17:26 – Listener question
Book an appointment with us: https://mearsmoneymanagement.as.me/schedule.php
Get in touch with us: https://mearsmoney.com/
Watch the Podcast on YouTube: https://bit.ly/3PmcOPM
What is a Home Equity Conversion Mortgage for Purchase? This financial tool, often referred to as a reverse mortgage, is designed to help you leverage the equity in your home to enhance your retirement strategy. Today’s episode is all about HECMs, and John will break down how they work and when they might be worth considering.
So, what exactly is a HECM? Simply put, it's a mortgage you don't have to pay back during your lifetime. Instead of making monthly mortgage payments, the loan is repaid when you sell the home or pass away. This can be a game-changer for retirees looking to improve their cash flow and preserve their savings. Join John to have all your questions about HECMs answered, and find out how you might use them in your retirement plan.
Here’s some of what we discuss in this episode:
0:00 – Intro
1:22 – What is a HECM?
5:57 – Appraisals
7:25 - HECM in retirement planning
9:10 – Downsides
11:30 – Long-term care
13:37 - Mailbag
Get in touch:
Phone: 661-775-3704
Book an appointment with us: https://mearsmoneymanagement.as.me/schedule.php
Get in touch with us: https://mearsmoney.com/
Watch the Podcast on YouTube: https://bit.ly/3PmcOPM
Paying for college has become increasingly harder with rising costs. Starting early for your child's or grandchild's education can make a big difference and reduce the need for excessive borrowing later. In this episode, we’ll cover the key aspects of college financial planning from the grandparent perspective.
Join us as we discuss saving strategies, the importance of starting early, and answer your pressing questions. From 529 plans to Coverdell IRAs, and even gifting appreciated stock, John breaks down various strategies and their tax implications. With the right strategies, you can make a significant impact on your grandchildren's future without jeopardizing your own financial security.
Here’s some of what we discuss in this episode:
0:00 – Intro
2:15 – Average annual tuition and fees
3:28 – First steps
6:50 – 529 plan
8:00 – Tax implications
11:09 – Helping multiple grandchildren
15:40 – Coverdell IRA
16:52 – What if it’s not used for college
19:00 – Roth as a college tool
Get in touch:
Phone: 661-775-3704
Book an appointment with us: https://mearsmoneymanagement.as.me/schedule.php
Get in touch with us: https://mearsmoney.com/
Watch the Podcast on YouTube: https://bit.ly/3PmcOPM
One of the more exciting parts of the retirement planning process is dreaming about the lifestyle you want to enjoy. For many retirees, travel is a big part of that vision. However, budgeting for trips in retirement isn't quite the same as when you're working and can count on regular paychecks to replenish your bank account.
So, how do we factor in your dream vacations when crafting a retirement plan? We’ll “pack” all that great information into this episode and even share a few tips for making the most of your travel budget!
Whether you are looking to visit children, grandchildren, or embark on a global adventure, join John as he guides you through some of what you should be looking out for as you plan it all.
Here’s some of what we discuss in this episode:
0:00 – Intro
1:50 – Start the conversation early
4:00 – Making the actual plans
5:40 – Saving for travel plans
8:00 – Accounting for extra travel expenses
11:27 – Considering additional travel insurance
17:05 – Mailbag
Get in touch:
Phone: 661-775-3704
Book an appointment with us: https://mearsmoneymanagement.as.me/schedule.php
Get in touch with us: https://mearsmoney.com/
Watch the Podcast on YouTube: https://bit.ly/3PmcOPM
Former New York Yankees great Yogi Berra might be better known for what he said rather than how he played, and these humorous yet insightful "Yogi-isms" have stood the test of time. But did you know that these sayings can also offer valuable lessons for retirement planning?
Here’s what we discuss in this episode:
0:00 – Intro
2:30 – A nickel ain’t worth a dime anymore
4:10 – If you don’t know where you’re going, you might end up someplace else
6:10 – When you come to a fork in the road, take it
9:48 – The future ain’t what it used to be
13:40 – It’s like déjà vu all over again
17:00 – Mailbag
Get in touch:
Phone: 661-775-3704
Book an appointment with us: https://mearsmoneymanagement.as.me/schedule.php
Get in touch with us: https://mearsmoney.com/
Watch the Podcast on YouTube: https://bit.ly/3PmcOPM
While you dream about the leisurely days ahead of you in retirement, it’s also important to think about some of the less glamorous items, including insurance. In this new season of life, your old policies may no longer suit your needs or may come to an end.
So, what types of coverage should you be considering for your golden years? What do you need to keep in mind as you prep for the transition? We’re back to walk you through the fundamentals in this two-part episode, as we chat about long-term care insurance and life insurance in part 2.
At the end of the episode, John answers a question from a listener, Travis, who asks if he should use a forthcoming settlement from a medical malpractice lawsuit to pay off existing credit card debt or invest it instead.
Here’s some of what we discuss in this episode:
0:00 – Intro
1:24 – The reality of long-term care
3:01 – The “why” behind long-term care insurance
7:38 – Lessening the burden on your loved ones
13:27 – Do you need life insurance in retirement?
17:37 – Listener question
Get in touch:
Phone: 661-775-3704
Book an appointment with us: https://mearsmoneymanagement.as.me/schedule.php
Get in touch with us: https://mearsmoney.com/
Watch the Podcast on YouTube: https://bit.ly/3PmcOPM
While you dream about the leisurely days ahead of you in retirement, it’s also important to think about some of the less glamorous items, including insurance. In this new season of life, your old policies may no longer suit your needs or may come to an end.
So, what types of coverage should you be considering for your golden years? What do you need to keep in mind as you prep for the transition? We’re going to walk you through the fundamentals in this two-part episode, covering health insurance, long-term care insurance, life insurance, and more.
Stay tuned as we cover the basics you must know about retiree health insurance in part one, breaking down the ins and outs of Medicare, Medigap, and Medicare Advantage plans! Then, at the end of the episode, John answers a listener's question about whether or not to roll over an old 401k due to its recent strong performance.
Here’s some of what we discuss in this episode:
0:00 – Intro
2:01 – Thinking about the transition
3:39 – Getting ready for Medicare
7:49 – Medigap vs Medicare Advantage plans
11:25 – How common is supplemental coverage?
14:24 – Listener question
Get in touch:
Phone: 661-775-3704
Book an appointment with us: https://mearsmoneymanagement.as.me/schedule.php
Get in touch with us: https://mearsmoney.com/
Watch the Podcast on YouTube: https://bit.ly/3PmcOPM
Retirement is often portrayed as a time when worries and stress fade away. However, psychologists have determined that retirement is one of the most stressful events that some people will experience in life. In this episode, we’ll look at some ways to proactively deal with the stress surrounding the retirement process.
While we like to talk about numbers around here (as it’s a very important part of the planning process), it's equally essential to address the psychological aspects of this transition. As John has observed with clients, your job likely played a significant role in shaping your identity, and stepping away from it can feel disorienting. Tune in as we share a few tips for embracing this new phase of life with confidence, and remind you that a comprehensive plan should consider more than just numbers.
Here’s some of what we discuss in this episode:
0:00 – Intro
1:47 – The lifestyle change
5:42 – Embracing new challenges
6:53 – Keeping your options open
9:56 – Keeping your sense of perspective
12:30 – Finding a good advisor
15:10 – Listener Question
Get in touch:
Phone: 661-775-3704
Book an appointment with us: https://mearsmoneymanagement.as.me/schedule.php
Get in touch with us: https://mearsmoney.com/
Watch the Podcast on YouTube: https://bit.ly/3PmcOPM
Some people just need a reality check when it comes to understanding their retirement. Today, we'll explore why a realistic approach to retirement, inclusive of financial planning and the potential for unexpected challenges, is crucial.
The episode kicks off with a candid conversation about the misconceptions of retirement life. The ads make it look easy, but John reminds us that even in retirement, the lawn still needs mowing, and the trash won't take itself out. This isn't to dampen your spirits, but rather to prepare you for the realities that await and to ensure your retirement plan is robust enough to handle them.
The episode isn't all about cautionary tales, though. John encourages listeners to dream and share their retirement goals with their financial advisors. Whether it's a second home or a kitchen remodel, he believes in finding ways to make these dreams a reality, (within reason, of course). For this week’s two-minute warning, Wendy asks if her investment in American Funds was the right move.
Here’s some of what we discuss in this episode:
0:00 – Intro
1:34 – Manage your expectations
4:04 – Account for changing expenses
5:30 – Be ready to adjust
7:31 – Do be too proud to get help
10:59 – Sharing your dreams with your advisor
12:33 – Listener Question
Get in touch:
Phone: 661-775-3704
Book an appointment with us: https://mearsmoneymanagement.as.me/schedule.php
Get in touch with us: https://mearsmoney.com/
Watch the Podcast on YouTube: https://bit.ly/3PmcOPM
In today’s episode, we’re unpacking the toolbox of innovations that promise to redefine the way we approach financial preparation for retirement. From personal finance management software to the abundance of online calculators, there's no shortage of tools aiming to streamline the planning process. But, do they deliver?
Listen in as John and Marc take a critical look at these technological advancements, exploring whether they simplify retirement planning or introduce new complexities. They’ll dive into subjects like Google, do-it-yourself trading platforms, social media influencing, and more. Then, for our two-minute warning, John answers a listener's question about whether or not to take out a life insurance policy.
Here’s some of what we discuss in this episode:
0:00 – Intro
1:34 – Google is great, but consider the context
3:44 – Robo-advisors can be helpful, but may not provide comprehensive planning
5:58 – Online calculators are only as accurate as the information inputted into them
8:23 – The limitations of do-it-yourself trading platforms
11:18 – The rise of financial social media influencers
15:15 – Listener question about life insurance
Get in touch:
Phone: 661-775-3704
Book an appointment with us: https://mearsmoneymanagement.as.me/schedule.php
Get in touch with us: https://mearsmoney.com/
Watch the Podcast on YouTube: https://bit.ly/3PmcOPM
As much as any other threat, recognizing and avoiding scams has become a necessary skill for today’s retirees to develop. From robocalls and texts to emails and websites trying to steal your data, scams are coming at us from all angles. Stay tuned as we explore crucial steps you can take to safeguard your financial well-being against the growing tide of scams and identity theft.
Learn from real-life stories and gain practical advice to keep your finances secure in this digital era, all from the perspective of a seasoned financial professional. And be sure to stay tuned until the end of the episode, where John answers a listener question from Tess, who asks if she should take out a life insurance policy on her soon-to-be ex-husband.
Here’s some of what we discuss in this episode:
0:00 – Intro
5:00 – Phishing, vishing, and smishing
8:36 – Government imposters
10:17 – Family and personalized scams
12:31 – How to better recognize the signs of a scam
15:52 – Protections you can put in place to avoid being scammed
20:31 – Listener question about life insurance
Thomson Reuters Article:
https://www.thomsonreuters.com/en-us/posts/investigation-fraud-and-risk/senior-citizens-financial-scams/
Get in touch:
Phone: 661-775-3704
Book an appointment with us: https://mearsmoneymanagement.as.me/schedule.php
Get in touch with us: https://mearsmoney.com/
Watch the Podcast on YouTube: https://bit.ly/3PmcOPM
John often points out the numerous connections between coaching football and financial planning. Similar to the mix of personalities on a football team, a financial advisor needs to navigate a diverse set of clients, each bringing their unique quirks and learning styles to the table.
Whether it's working with clients resistant to technology or those influenced by the ever-shifting political and economic landscape, John has accumulated years of experience guiding individuals toward a successful retirement. As an advisor, his role involves adapting to each person, ensuring everyone is on the same page and moving toward a shared financial goal. Tune in as he shares client stories and recounts how he has successfully worked with various personalities and learning styles throughout his career.
For this week’s two-minute warning, John offers advice to a listener struggling with indecision about selling tech stocks and navigating risk in their 401(k).
Here’s some of what we discuss in this episode:
0:00 – Intro
2:07 – Clients that hesitate to use technology
4:59 – Those who want to take the engine apart
6:55 – Adapting to different learning styles
9:41 – Clients who let politics drive the car
12:53 – Listener question
Get in touch:
Phone: 661-775-3704
Book an appointment with us: https://mearsmoneymanagement.as.me/schedule.php
Get in touch with us: https://mearsmoney.com/
Watch the Podcast on YouTube: https://bit.ly/3PmcOPM
Imagine your retirement plan as a ship sailing toward a horizon of rest and relaxation. But what if one leak could sink it all? In today’s episode, we spotlight some of the single oversights that could send your dreams to the bottom.
We'll share key strategies to plug the gaps, ensuring your financial ship stays buoyant and on course. Tune in to protect your future from the one mistake that could derail everything.
And don't forget to stick around for this week’s two-minute warning, where Dorothy asks for advice on financial gifting options to support their daughter, who needs to take time off work due to a new grandbaby's extended hospital stay.
Here’s some of what we discuss in this episode:
0:00 – Intro
1:57 – Outliving your money
4:10 – Inflation creep
9:00 – Healthcare expenses
11:39 – The stock market
15:00 – Rising taxes
19:26 – Listener question
Get in touch:
Phone: 661-775-3704
Book an appointment with us: https://mearsmoneymanagement.as.me/schedule.php
Get in touch with us: https://mearsmoney.com/
Watch the Podcast on YouTube: https://bit.ly/3PmcOPM
Everyone wants to know. Will the economy boom or bust in 2024? Join us as we explore a range of expert predictions, from the shifting trends in housing prices to the looming question of a potential recession or stock market crash.
We'll balance our discussion with both optimistic and pessimistic perspectives from an array of sources to give you a comprehensive view. Tune in to navigate the uncertainties and opportunities of 2024's economic landscape and equip yourself with knowledge for the year ahead.
Here’s some of what we discuss in this episode:
0:00 – Intro
2:24 – Housing prices
7:46 – Chance of a recession
11:52 – The stock market
18:57 – Listener question
Resources From Today's Show:
Housing Market Articles-
https://www.newsweek.com/will-housing-market-crash-2024-realtors-share-predictions-1851540
https://www.financialsamurai.com/2024-housing-market-price-predictions-by-industry-experts/#:~:text=The%20real%20estate%20industry%20average,market%20rather%20than%20a%20crash
Recession Article-
https://cals.ncsu.edu/news/you-decide-will-2024-be-a-year-of-two-economies/
Stock Market Articles-
https://www.cnbc.com/2023/12/19/2024-market-predictions-bumpy-landing-for-the-economy.html
https://markets.businessinsider.com/news/stocks/stocks-crypto-house-prices-dent-market-outlook-bubble-crash-recession-2023-12
Get in touch:
Phone: 661-775-3704
Book an appointment with us: https://mearsmoneymanagement.as.me/schedule.php
Get in touch with us: https://mearsmoney.com/
Watch the Podcast on YouTube: https://bit.ly/3PmcOPM
We’re kicking off the New Year by discussing the financial challenges and changes that could impact your retirement in 2024. Listen in as we discuss potential interest rate cuts, inflation’s impact on borrowing costs, and this year’s COLA increase.
We’ll also chat about the changes that are coming with the SECURE Act 2.0, the market outlook for 2024, and Medicare changes that you need to be aware of. Stay tuned as we discuss the importance of having a comprehensive financial plan as we navigate the uncertainties ahead.
Here’s some of what we discuss in this episode:
0:00 – Intro
1:16 – Rate cuts + Inflation
3:37 – Social Security tax bill
5:23 – SECURE Act 2.0 changes
8:40 – Medicare updates
10:22 – Navigating an election year
17:16 – Listener question
Biggest Retirement Changes in 2024 Article: https://bit.ly/3NZ0k0Q
Get in touch:
Phone: 661-775-3704
Book an appointment with us: https://mearsmoneymanagement.as.me/schedule.php
Get in touch with us: https://mearsmoney.com/
Watch the Podcast on YouTube: https://bit.ly/3PmcOPM
This week on the Red Zone Retirement Program, John is answering some recent listener questions. We love doing episodes like this so that you can gain some valuable takeaways from real-life scenarios!
Dan asks whether recent changes in tax laws have reduced the tax benefits of making charitable donations at the end of the year. Another listener asks where they should save money temporarily if they are not eligible for a 401K match until six months into their new job.
John shares his thoughts on New Year’s resolutions for this week's two-minute warning.
Here’s some of what we discuss in this episode:
0:00 – Intro
2:27 – Question 1: Charitable Donations
5:30 – Question 2: Retiring with $500K?
10:36 – Question 3: Not Eligible For 401K
13:07 – Question 4: Debt As A Tool?
19:11– 2 Minute Warning: New Year’s Resolutions
Get in touch:
Phone: 661-775-3704
Book an appointment with us: https://mearsmoneymanagement.as.me/schedule.php
Get in touch with us: https://mearsmoney.com/
Watch the Podcast on YouTube: https://bit.ly/3PmcOPM
Have you ever wondered what questions to ask your financial advisor, or why those questions are crucial? In today’s episode, we’re tackling exactly that. We're discussing the vital questions that bring transparency and depth to your financial advisory relationship.
It's about getting clarity on how advisors work, what they specialize in, and how they align with your financial goals. These are the questions you MUST ask your financial advisor.
Here’s some of what we discuss in this episode:
0:00 – Intro
2:02 – Compensation
6:11 – Typical client
8:18 – Investment philosophy
10:10 – Specialty or strengths
12:52 – Communication style + resources
16:14 – Emergency situations
20:16 – Listener question
Get in touch:
Phone: 661-775-3704
Book an appointment with us: https://mearsmoneymanagement.as.me/schedule.php
Get in touch with us: https://mearsmoney.com/
Watch the Podcast on YouTube: https://bit.ly/3PmcOPM
In this episode, we’ll sift through a sleigh-full of financial products and strategies to find out which ones deserve a spot in your financial stocking this year, and which ones are the proverbial lumps of coal. This will be an educational episode for all investors, whether you’ve been financially naughty or nice this year...
Listen in as John and Marc explore topics like options and futures, retirement index funds, precious metals, and whole life insurance and offer insights into their potential impact on your financial strategy. For this week’s Two Minute Warning segment, John tackles a listener question about withdrawal rates in retirement. Stay tuned for a mix of financial wisdom, humor, and practical insights in this festive episode of the Red Zone Retirement Program!
Here’s some of what we discuss in this episode:
- 0:00 - Intro
- 2:10 – Options & futures
- 5:26 – Retirement index funds
- 7:59 – Precious metals
- 10:57 – Whole life insurance
- 14:54 – Risk assessment score
- 19:37 – Listener question
Get in touch:
Phone: 661-775-3704
Book an appointment with us: https://mearsmoneymanagement.as.me/schedule.php
Get in touch with us: https://mearsmoney.com/
Watch the Podcast on YouTube: https://bit.ly/3PmcOPM
Get ready to rock to the rhythms of retirement wisdom in this week’s episode! We've put together the ultimate retirement planning playlist, featuring timeless lyrics that reflect various stages of the planning journey. From setting financial goals to finding purpose in your golden years, this playlist sets the stage for important discussions about crafting your dream retirement.
Drawing inspiration from AC/DC, Journey, Aerosmith, Michael Jackson, and more, this episode explores the role of consistency and patience in the retirement planning journey. We also discuss the importance of having a vision for the future and strong support systems along the way. As the episode concludes, John tackles a listener question about using short-term loans for home closing costs and offers alternative strategies for consideration.
Here’s some of what we discuss in this episode:
0:00 – Intro
2:25 – Consistency and patience
8:43 – The dreaming process
12:13 – The couple’s mixtape
14:26 – Leaning on your advisor
17:54 – Listener question
Get in touch:
Phone: 661-775-3704
Book an appointment with us: https://mearsmoneymanagement.as.me/schedule.php
Get in touch with us: https://mearsmoney.com/
Watch the Podcast on YouTube: https://bit.ly/3PmcOPM
In today's episode, we're taking a close look at high-net-worth individuals - those who have accumulated significant wealth and face unique challenges and opportunities when planning for retirement.
Unlike the average person, their financial considerations go beyond the basics. We'll explore the distinct strategies and factors that come into play when securing a comfortable and prosperous retirement.
Here’s some of what we discuss in this episode:
0:00 – Intro
1:34 – Defining high-net-worth
3:32 – Complexities
7:44 – Taxation
8:51 – Estate planning
10:24 – Liabilities
12:59 – Myth #1
15:47 – Myth #2
Book an appointment with us: https://mearsmoneymanagement.as.me/schedule.php
Get in touch with us: https://mearsmoney.com/
Watch the Podcast on YouTube: https://bit.ly/3PmcOPM
The retirement planning world is filled with plenty of advice and suggestions, but there are critical questions lurking in the shadows – the unasked, the overlooked. These are the questions that can help define the comfort and security of your retirement future.
On this episode, we unearth and tackle these essential questions about retirement that often get overlooked or put off because we might be focused on other aspects of retirement. John will tell you why each of these questions needs your attention and how the answers will impact your retirement.
Here’s some of what we discuss in this episode:
0:00 – Intro
1:30 – Taxes owed on tax-deferred savings
4:45 – How much can you withdraw from savings each year?
7:30 – Life insurance in retirement
10:17 – Health care coverage over and beyond Medicare
13:35 – Fees and commissions
17:33 – Inflation
Get in touch:
Phone: 661-775-3704
Book an appointment with us: https://mearsmoneymanagement.as.me/schedule.php
Get in touch with us: https://mearsmoney.com/
Watch the Podcast on YouTube: https://bit.ly/3PmcOPM
Losing a spouse is an unimaginably tough life event, but the financial implications can add another layer of stress to the grieving process. In this episode, we delve deep into the most common financial issues faced by widows and widowers, from dealing with income gaps to navigating tax changes as a single filer.
We explore actionable strategies to address these problems, such as the importance of life insurance and the ins and outs of spousal pension continuation. This is the episode for you if you’re concerned with ensuring the financial well-being of your remaining family members and safeguarding your financial future and legacy in the face of loss.
Here’s some of what we discuss in this episode:
0:00 – Intro
2:38 – The income gap
3:45 – Filing single on your taxes
4:58 – Solving the income gap issue
9:19 – Focusing on legacy planning
12:26 – Communicating your wishes
16:57 – The Two-Minute Warning
Get in touch:
Phone: 661-775-3704
Book an appointment with us: https://mearsmoneymanagement.as.me/schedule.php
Get in touch with us: https://mearsmoney.com/
Watch the Podcast on YouTube: https://bit.ly/3PmcOPM
Retirement is a unique journey for each of us. The thought that there's a one-size-fits-all solution is a myth, but what if we told you there are certain universal truths that can guide every retiree?
Dive deep in this episode, where we juxtapose the individuality of retirement plans with the foundational principles that remain consistent across the board. The five truths we share today apply to everyone planning for retirement. If you make sure you are aware of these and address them within your plan, you’ll avoid the issues that these things could create for you in retirement.
Here’s some of what we discuss in this episode:
0:00 – Intro
3:03 – Long term care
5:03 – You can’t time the market
7:49 – Our longevity is an unknown
10:20 – Tax implications matter
14:06 – Estate planning isn’t just for the wealth
17:58 – Two-minute drill
Get in touch:
Phone: 661-775-3704
Book an appointment with us: https://mearsmoneymanagement.as.me/schedule.php
Get in touch with us: https://mearsmoney.com/
Watch the Podcast on YouTube: https://bit.ly/3rGJHi0
Are you nearing “retirement age”? If so, let’s explore that pivotal question you’ll soon face: Should you retire or continue working?
People aren’t ready to retire for all kinds of reasons but our job is to help determine why and address the root of the problem so you can have the freedom to retire on your own schedule.
In this episode, we’ll unravel the intricacies of this decision, addressing both financial and emotional aspects, and help you find out if you’re truly ready to retire.
Here’s some of what we discuss in this episode:
0:00 – Intro
1:54 – Not ready to retire as a defense mechanism
3:56 – Don’t pick an arbitrary number for retirement
6:36 – Where does lack of confidence come from?
11:08 – Being direct and honest with someone who isn’t ready
15:16 – Two-minute drill
Book an appointment with us: https://mearsmoneymanagement.as.me/schedule.php
Get in touch with us: https://mearsmoney.com/
Watch the Podcast on YouTube: https://bit.ly/3rGJHi0
There are some people who don’t care at all about leaving a financial legacy, but for those who do, it’s important to eliminate some of the common estate planning mistakes.
In this episode, we cover topics ranging from poor expense planning to outdated beneficiary designations and family conflict triggers. We also shed light on some misconceptions about transferring real estate and explain the impact of tax implications on your estate.
If you want to leave a legacy without regret or legal turmoil, this episode is a great starting point.
Here’s some of what we discuss in this episode:
0:00 – Intro
1:42 – Failing to plan for expenses that can be foreseen
6:35 – Long term care can deplete retirement
8:03 – Failing to update beneficiary designations
10:34 – Taking steps to avoid conflict with heirs and family
13:55 – Transferring real estate while living instead of at death
16:36 – Tax implications of your estate
19:24 – Two-minute drill
Get in touch:
Website: http://mearsmoney.com/
Phone: 661-775-3704
Get ready for part two of our Retirement Cash Flow series! This time, we're diving into the income side of the equation. In part one, we tackled the ins and outs of your expenses in retirement. Now, it's all about understanding the crucial role of income analysis. We'll uncover the secrets of guaranteed income versus the uncertain stuff and shed light on the consequences of retiring without a clear income plan.
Don't worry if you're feeling lost - we've got your back with practical solutions and expert guidance. Tune in and take charge of your retirement cash flow!
Get in touch:
Website: http://mearsmoney.com/
Phone: 661-775-3704
In this episode, we’ll explore many of the expenses in your life that might drastically change (one way or another) in retirement. We’ll break those expenses down further to see which ones are the top priorities and analyze some of the other factors that impact your cash flow in retirement.
Get in touch:
Website: http://mearsmoney.com/
Phone: 661-775-3704
Welcome back to The Red Zone Retirement Program! In today's episode, we will be answering some mailbag listener questions that have come our way. Tune in as we discuss advisor fees, giving money to your heirs while you are still living, and some possible Roth strategies.
Get in touch:
Website: http://mearsmoney.com/
Phone: 661-775-3704
Picture this: You're at your retirement party, finally ready to enjoy your golden years, but worries caused by some bad money habits have robbed you of fully enjoying the sweetness of the day. It happens to more people than you think, which is unfortunate because with just a little bit of modification, you can rid some of the worst money habits from your life and set yourself up for retirement success. Join us as John covers some of the bad money habits that you want to avoid in your financial planning journey.
Get in touch:
Website: http://mearsmoney.com/
Phone: 661-775-3704
It’s not just the financially uncertain who need to think carefully about their retirement plan. Even those who feel confident in their retirement savings might still have important questions to answer and decisions to make. In this episode, we'll explore the three retirement planning mindsets: those who have no idea if they can retire, those who think they have enough money to retire, and those who know for sure they have enough money to retire. We'll discuss the key considerations and next steps for each of these mindsets to help you prepare for a fulfilling retirement.
Get in touch:
Website: http://mearsmoney.com/
Phone: 661-775-3704
From time to time, we like to look at issues faced by people in other professions outside of the financial world and see what kind of retirement planning lessons we can learn from them. Today, we’re headed to the classroom to see what we can learn from teachers and the issues they face. Join us as we draw meaningful parallels between teaching and financial coaching.
Get in touch:
Website: http://mearsmoney.com/
Phone: 661-775-3704
Unfortunately, there are a lot of myths about Social Security out there. In this episode, we'll debunk these common myths and answer the Social Security questions you've been curious about. This is part 2 of our Social Security conversation, where we will break down the remaining 5 Social Security myths.
Get in touch:
Website: http://mearsmoney.com/
Phone: 661-775-3704
Have you ever wondered if the Social Security system will run out of money before you retire? Or if claiming benefits as soon as you're eligible is the best decision for your financial future? In this episode, we'll be debunking common myths about Social Security and answering the questions you've been curious about.
Get in touch:
Website: http://mearsmoney.com/
Phone: 661-775-3704
It's a mailbag edition of the podcast. On this episode, we will be discussing if you should get rid of your life insurance once your children have moved out, how the social security spousal benefit option works, and if it's a good idea to push your retirement date back.
Get in touch:
Website: http://mearsmoney.com/
Phone: 661-775-3704
Are you aware that not all retirement accounts are created equal? It's crucial to understand the purpose and advantages of each type of account to make the best choice for your future. In this episode, we'll delve into the different types of retirement accounts, including 401(k)s, IRAs, Roths, and several other examples. We’ll help you weigh the pros and cons of each and give you insights into the purposes they serve so that you can make an informed decision. Join us and discover why understanding the purpose of these accounts is essential for securing a comfortable retirement.
Get in touch:
Website: http://mearsmoney.com/
Phone: 661-775-3704
Are you confident that your financial plan is complete? Many people believe they have a solid plan in place, only to realize later that they've missed important areas. From not accounting for long-term care expenses to overlooking the impact of taxes on retirement income, there are many ways a financial plan can be incomplete. On this episode, we'll be pointing out the most common areas people overlook when planning and provide actionable tips to ensure that your plan is as comprehensive as possible.
Get in touch:
Website: http://mearsmoney.com/
Phone: 661-775-3704
Retirement can come with a lot of tax questions and concerns. From understanding the tax implications of withdrawing from your retirement accounts to minimizing taxes on investment income, it can be overwhelming. On today’s episode, we’ll break down the top ten tax questions retirees are asking in 2023. Before you file your 2022 taxes and plan ahead for the rest of the year, make sure to listen to this episode as we’ll discuss some important tax questions that retirees should ask themselves to ensure they're making the most of their retirement savings and minimizing their tax burden.
Get in touch:
Website: http://mearsmoney.com/
Phone: 661-775-3704
On this episode, we’ll address five, unfortunately, common beneficiary mistakes. Are you making one of these beneficiary mistakes? If so, it could cost you and your loved ones dearly. Some of the simplest mistakes can completely spoil an otherwise well done retirement plan.
Get in touch:
Website: http://mearsmoney.com/
Even if you’ve been saving your money and investing for a long time it’s easy to make rookie mistakes. On this episode, we’ll cover some of the top rookie mistakes we see people make, illustrate how to avoid them or how to fix them if you’re already made some mistakes in your financial life.
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Website: http://mearsmoney.com/
We will answer some mailbag questions on today's show. We are going to talk about if social security should be included in your retirement planning conversations, which type of life insurance you should consider, and finding your risk tolerance.
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Website: http://mearsmoney.com/
Saving in your 401(k) can be an easy and painless way to build your retirement savings. But because it’s so easy and painless, it can also be easy to ignore for long periods of time, which often leads to mistakes. We’ll cover at least the top 5 mistakes people make in their 401(k)s
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Website: http://mearsmoney.com/
As we celebrate Thanksgiving and the holiday season, have you found yourself expressing thanks for those who provide financial leadership in your life? If not, perhaps it’s time to explore why and whether you’re getting enough value from your relationship with your financial advisor or other advice-givers. On this episode, we’ll explore some of the top reasons you should be thanking your financial advisor.
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Website: http://mearsmoney.com/
If you are interested in learning about the stock market, this is the episode for you. Today we will help you level up your financial knowledge so hopefully, you'll be able to level up your investments, too.
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Website: http://mearsmoney.com/
If you are interested in learning about the stock market, this is the episode for you. Today we will help you level up your financial knowledge so hopefully, you'll be able to level up your investments, too.
Get in touch:
Website: http://mearsmoney.com/
As we approach the end of the year, saving money on taxes becomes a bigger focus for many people. But let’s broaden the scope for this particular episode and focus on some of the most common retirement planning questions about taxes. We’ll talk about mistakes to avoid and how a proper plan can make a significant difference in someone’s tax savings.
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Website: http://mearsmoney.com/
Phone: 661-775-3704
At this time of year, you can find football on TV almost every night of the week. So, let’s take some concepts from the game of football and apply them to our retirement planning.
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Website: http://mearsmoney.com/
Phone: 661-775-3704
We will be answering some mailbag questions that have come into the show. We will be discussing Roth IRA conversion considerations, using social security to pay down the house, and different strategies you may be able to implement when saving for college.
Get in touch:
Website: http://mearsmoney.com/
Phone: 661-775-3704
We will be answering some mailbag questions that have come into the show. We will be discussing Roth IRA conversion considerations, using social security to pay down the house, and different strategies you may be able to implement when saving for college.
Get in touch:
Website: http://mearsmoney.com/
Phone: 661-775-3704
There are plenty of decisions that you’ll make in the retirement planning process that can’t be undone, so you want to make sure that you make the right call. In this episode, we’ll explain why these decisions are so important and can’t be undone.
Get in touch:
Website: http://mearsmoney.com/
Phone: 661-775-3704
There are plenty of decisions that you’ll make in the retirement planning process that can’t be undone, so you want to make sure that you make the right call. In this episode, we’ll explain why these decisions are so important and can’t be undone.
Get in touch:
Website: http://mearsmoney.com/
Phone: 661-775-3704
There are many things that we know we’ll have to deal with in retirement, we just don’t know how to predict when or to what degree. How do you construct a plan that deals with the unpredictability of these different factors?
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Website: http://mearsmoney.com/
Phone: 661-775-3704
You’ve most likely heard plenty of “rules” you’re supposed to follow to retire successfully. Some of these rules are stated so confidently, you’d be crazy not to immediately accept them as fact. But we don’t mind the threat of being called crazy, so let’s dive into some of the most popular retirement “rules of thumb” to see if they truly lead us down the path of good financial guidance or run a chance of leading us astray.
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Website: http://mearsmoney.com/
Phone: 661-775-3704
On today's episode, we will sit down and answer some email questions. This time around we will discuss diversification in your portfolio, the rate of return on your investments, and when you should hire an advisor.
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Website: http://mearsmoney.com/
Phone: 661-775-3704
It’s no secret the stock market is in turmoil. We’re in a bear market and the R-word (recession) is getting thrown around daily. So, what can you do to survive bear markets like the one we’re in now? We’ve collected advice from various commentators and “experts” from across the country.
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Website: http://mearsmoney.com/
Phone: 661-775-3704
On this episode, we’ll try to pick sides of some important financial debates. From bonds to life insurance, credit card debt to starting Social Security, we’ll propose several different topics to see which sides of the debates you and your advisor should probably fall on.
Get in touch:
Website: http://mearsmoney.com/
Phone: 661-775-3704
Do you know what red flags, but also some good signs, to be on the lookout for when you’re searching for an advisor to work with as you prepare for retirement? On this episode, we’ll give you some red flags to be aware of, teach you how to spot them and illustrate the difference between an advisor who does the bare minimum versus one who goes above and beyond to work in your best interests.
Get in touch:
Website: http://mearsmoney.com/
Phone: 661-775-3704
On today's show, we open up the mailbag to answer some listener questions that have come into the show. We will discuss tax implications when selling an inherited house, considerations you should make before taking social security, and what true diversification is.
Get in touch:
Website: http://mearsmoney.com/
Phone: 661-775-3704
We’ve assembled a list of priorities to keep in mind as you count down the days to retirement. Get in touch:
Website: http://mearsmoney.com/
Phone: 661-775-3704
Sure, life insurance is one of the more boring topics to cover on a podcast. And a lot of what you hear is going to warn you why you should NOT get various types of life insurance. But our goal on this episode is to focus on the positive and analyze the reasons why you should get life insurance, or at least consider it. Many people think that once the kids are out of the house, you don’t need insurance anymore. But there are some other reasons why life insurance can be a useful part of your retirement plan.
Get in touch:
Website: http://mearsmoney.com/
Phone: 661-775-3704
There are some important terms you’re going to come across as you prepare for retirement. Having a basic understanding of these will help you achieve financial success, so we’ll cover what they mean and what you should know on today’s episode. And don’t worry. We won’t go quite so far down the rabbit hole where we expect you to be able to explain how a company’s P/E ratio meshes with it’s Alpha and Beta ratings to determine how much stock you should buy.
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Website: http://mearsmoney.com/
Phone: 661-775-3704
Most people, when trying to plan their retirement, have to guess about the answers to some important questions. Let’s talk about some of those questions and why you need to have a better answer than just a guess…
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Website: http://mearsmoney.com/
Phone: 661-775-3704
After listening to today’s episode, you’ll never attend another baseball game with the family and look at it the same way. We’re going to show you how taking some of baseball’s most basic principles can also lead to financial success in your retirement portfolio. So, grab your peanuts and crackerjacks and let’s take the financial field.
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Website: http://mearsmoney.com/
Phone: 661-775-3704
We dedicate this show to answering some listener questions that have come into the show. We will discuss how to motivate yourself to save for retirement, the risk of holding too much company stock, and if it's wise to sign your house over to your child.
Get in touch:
Website: http://mearsmoney.com/
Phone: 661-775-3704
On this episode, we’ll breakdown a recent CNBC article that analyzes a recent Morningstar study. The study found that most of us have at least one money bias, some of us more than one, and that those biases are very possibly costing us money in our checking, savings, investing, and retirement accounts. Listen to see if you might be impacted by a specific money bias and for strategies to get it back under control.
CNBC Article:
98% of Americans have at least 1 money bias, research finds — and it's costing them (cnbc.com)
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Website: http://mearsmoney.com/
Phone: 661-775-3704
On this episode:
Either you can choose what happens to your stuff when you die, or the courts will decide. Which sounds better to you?
Get in touch:
Website: http://mearsmoney.com/
Phone: 661-775-3704
On this episode:
8 Strategies On How To Pay For Long Term Care.
Get in touch:
Website: http://mearsmoney.com/
Phone: 661-775-3704
On this episode:
An great tax strategy can be even more effective than an investment strategy.
This episode dives into 6 ways to trim your taxes in retirement.
Get in touch:
Website: http://mearsmoney.com/
Phone: 661-775-3704
On this episode:
Running out of money is NOT an option. Leaving a mattress stuffed full of money isn't really winning, either.
Get in touch:
Website: http://mearsmoney.com/
Phone: 661-775-3704
On this episode:
This episode discusses the secrets you need to know BEFORE a recession affects your retirement. Most advisors, sadly, don't even know how to implement these secrets.
Get in touch:
Website: http://mearsmoney.com/
Phone: 661-775-3704
On this episode:
There is a long term liability looming in your portfolio: taxes on your IRA.
Consider planning now to minimize the pain in the future.
Because, just like the old Fram oil filter commercial, you can pay them now, or you can pay them later.
But one way or another, you ARE going to pay them.
Get in touch:
Website: http://mearsmoney.com/
Phone: 661-775-3704
On this episode:
How To Dodge The Top 5 Most Easily Avoidable Retirement Blunders.
Get in touch:
Website: http://mearsmoney.com/
Phone: 661-775-3704