When you search for the best retirement advice, it’s the same response over and over: save your money. Go figure. But in Steve Medland’s new book, Spiraling Up, you get guidance on what to do once the money is saved based on the 7 principles of financial serenity.
Stocks, bonds, real estate, cars, jewels, or any other asset — if you don’t need it anymore, you might sell it. Life insurance policies are no different! You can get your policy appraised, find the maximum value you can get for it, and sell it through a life settlement. Tune in to learn about the process of life settlements and the different situations when selling your life insurance policy can be beneficial.
It’s never too early to plan for your retirement. But where do you start? Knowing where to start can be difficult, and even those who have a headstart in the process might have missed some of the necessary questions to help accurately plan for their retirement. Tune in to learn about seven questions that could make or break your retirement, and how to find the answers to those questions.
When it comes to your retirement wellness, there is much more to think about than just your finances. How to fill your time, stay mentally and physically active, build healthy relationships…the list goes on! The best person to help you with such non-financial aspects of retirement is a retirement coach. Tune in to learn about the benefits of hiring a retirement coach (and how to find one).
Will you be happy when you retire? The answer lies in whether your plans to retire focus solely on managing your finances, or if they align with your values and beliefs. Tune in to learn about looking at retirement from a non-financial perspective with a set of Christian values.
Retirement is not a destination. It’s a journey, where you transition into the next chapter of your life. In this chapter, a lot of the barriers you’ll encounter are psychological! Tune in to learn actionable steps to improve your psychological well-being in retirement.
Retirement planning is not the same as it was for previous generations. If you want to plan and live a flourishing life in retirement, you might need to rethink some areas of your retirement plan! Tune in to learn about four key areas that today’s retirees need to rethink to enjoy their retirement to the fullest.
Sometimes, unexpected liabilities can completely derail your finances. If, God forbid, you get in a car accident or your neighbors suffer an injury on your property, you can incur a liability of hundreds of thousands of dollars! That’s why home and auto insurance is worth looking into. Tune in to learn about various nuances of getting home/auto insurance, and key things you need to keep in mind before purchasing a policy.
Are you looking for a new financial advisor? Or perhaps you’re dissatisfied with your existing advisor and planning to switch. Either way, searching for an ideal advisor can be difficult if you don’t know what you should be looking for in the first place! Tune in to learn about three things you should know before choosing a financial advisor, along with key characteristics that separate great advisors from mediocre ones.
Sometimes, retirees think, “I wish I had started my financial planning at an earlier age.” You can help your future generations avoid this mistake. In other words, you can get the much-needed money conversations started — something that has been a taboo for many families in the past. Tune in to learn about Anthony Delauney’s “No Regrets Retirement Roadmap” for planning for your ideal retirement, along with tips to help your future generations get started.
After you reach a certain age, you’ll be subject to required minimum distributions (RMDs). This refers to a minimum amount that you must withdraw every year from your retirement accounts. Why should this concern you? Because RMDs significantly affect your lifetime taxes! Tune in to discover 3 ways to lower your taxes on required minimum distributions and optimize your overall tax picture in retirement.
What would you do if the market dropped by 50% tomorrow? Just the thought of your investments getting reduced by half might sound scary. What’s even scarier? The history of stock markets tells us this scenario is very much possible. Tune in to discover 3 strategies to be better prepared for a major stock market downturn and minimize its impact on your retirement.
If you don’t know where to begin your retirement planning, you’re not alone. That’s why we have created a simple process to help you achieve your ideal retirement. Tune in to learn about our 5-step retirement income plan, where each step is designed to help you solve a crucial piece of your retirement puzzle.
Financial debt is something that can hold back people of all ages — from 20-year-old college students to 70-year-old retirees. Tune in to discover simple tips to manage your debts before they snowball into tremendous financial distress, and worse, delay your dream retirement.
The earlier you start having your retirement conversations, the better. Remember, these conversations should not be only geared toward your investments. It’s more about your retirement income. The short-term market fluctuations don’t matter as much in the long run. Tune in to learn about seven conversations that you should have with an advisor, your family, or yourself before you hit retirement (and on an ongoing basis).
When you buy a US Series I Savings Bond (I Bond) during May through October 2022 your initial 6-month rate will be 9.62%
Widowhood is a challenging time, full of grief and sorrow. If you are entering retirement as a couple, it is likely that one of you will face widowhood in the future. You might also have friends or family members going through it. Tune in to learn how you can help yourself or a loved one cope with widowhood, along with strategies to ease the financial and emotional burden that follows.
The average life expectancy is 30 years longer than it was a century ago. As a result, retirees now have more years to plan for. After all, an extra 30 years likely means that the end of your retirement will be a lot later than it used to be! Tune in to learn how to plan for retirement with this higher life expectancy in mind and spend your pre- and post-retirement days more efficiently and enjoyably.
Sometimes, you reach a point in life when you can no longer oversee your personal finances. Regular bill payments, updating check books, monitoring different accounts, or looking out for fraudulent activities — it can be a little too much to handle on your own! Tune in to learn how you can keep the personal finances in order for yourself or a loved one with the help of Daily Money Managers.
Your withdrawal plan can have a huge impact on your lifetime taxes — potentially even hundreds of thousands of dollars! Tune in to learn about tax-efficient withdrawal strategies to generate retirement income, and gain insights into advanced softwares for making research-based decisions.
The deadline for filing your 2021 taxes is approaching. Do you have your taxes figured out? When we say “having your taxes figured out,” we don’t mean just for the past year. If you want to optimize your overall tax picture, you need to look at your total lifetime taxes. Tune in now to discover key things to keep in mind while filing your 2021 taxes and ways to minimize your total taxes in retirement.
Retirement today is very different from what the previous generations experienced. Lower interest rates, fewer employer pensions, new financial products… a lot of variables have changed over the years. Tune in now to discover the biggest retirement costs, shocks, and risks, and learn how you can navigate through the increasingly complex retirement landscape.
Have you ever been tempted to buy something online that you didn’t really need, just because of an ad? A few impulse purchases is all it takes to put a dent in your budget! Tune in now to learn how you can keep your personal finances on track in a world where money decisions can be easily influenced by technology, social media, and online ads.
It’s important to choose your Medicare plan wisely, as it can affect your healthcare costs for the rest of your life! Tune in to discover the pros and cons of different Medicare plans, along with 6 tips to help you choose between Medicare Advantage and Medicare Supplement (aka Medigap).
As you celebrate the start of Medicare at 65, there are some key insurance-related decisions you’ll need to make. One mistake, and you might end up paying hundreds of dollars extra per month! Learn 5 Medicare lessons from a new Medicare enrollee, Nancy Towle, who has also been a Medicare insurance specialist for 8 years.
If you’re about to enroll in Medicare, are already a plan participant, or wish to help someone else (like your parents), you should check out “Medicare and You 2022,” a 128-page handbook on Medicare insurance by the U.S. government. Tune in to learn the key takeaways from the handbook.
If you find yourself facing a plethora of questions every time you sit down with your retirement plan, you’re not alone. Tune in to debunk common misconceptions held by retirees, and discover the answers to the most frequently asked questions relating to retirement, investment, and tax planning.
Your retirement plan is not a one-and-done solution. It is an ongoing process where you need to make key adjustments along the way. Tune in to learn how you can enhance your retirement picture through dynamic retirement planning and research-based financial decisions.
If you want to go beyond traditional investing, real estate can be a good starting point. It helps you diversify your retirement portfolio and build an added source of recurring revenue in the long run! Tune in to learn what it's like to transition from a traditional investor to a real estate investor, and how real estate investing can help you enhance your overall retirement plan.
If you wish to have more control over what your individual retirement account (IRA) invests in, a self-directed IRA (SDIRA) is for you. Tune in to learn more about SDIRAs and how they help you diversify your retirement portfolio by using alternative investments.
