While a 401(k) is a great retirement investment vehicle, it also has some downsides. In this episode, I share 7 limitations to only investing in your 401(k). ---------------------------------------------------------------------------------- Check out the Resources to Plan Your Christian Retirement: https://www.PlanYourChristianRetirement.com ---------------------------------------------------------------------------------- Who am I ? Mike Potter is a Christian Financial Advisor, who specializes ...
Jul 15, 2025•13 min
Investing is the 2nd Pillar in the True Wealth Total Retirement System. But investing is not only about return, but also risk. In this episode, I share some of the risks involved, do a deep dive on market risk, and explain how this impacts one's retirement. https://www.portfoliovisualizer.com/backtest-portfolio ---------------------------------------------------------------------------------- Check out the Resources to Plan Your Christian Retirement: https://www.PlanYourChristianRetirement.com -...
Jul 08, 2025•25 min
Investing is the 2nd Pillar in the True Wealth Total Retirement System. But investing changes, as one approaches retirement. In this episode I share the two stages of investing, the dependencies between the two, and the different aspects or details of both phases. We also have a retirement litmus test Use Case of Tom and Kay from Idaho. ---------------------------------------------------------------------------------- Check out the Resources to Plan Your Christian Retirement: https://www.PlanYou...
Jul 01, 2025•32 min
Rachel wants to retire in two years at age 67 and she currently has $250k saved for retirement. In this episode, I explore Rachel's use case to see if he has a feasible plan and 3 ways where we can possible improve it. Check out the Resources to Plan Your Christian Retirement: https://www.PlanYourChristianRetirement.com ---------------------------------------------------------------------------------- Who am I ? Mike Potter is a Christian Financial Advisor, who specializes in Retirement Planning...
Jun 24, 2025•18 min
The One Big Beautiful Bill is making it's way through Congress. In this episode, I detail 15 tax advantages for seniors found in the proposed legislation, that can help reduce your future retirement tax bill. Who am I ? Mike Potter is a Christian Financial Advisor, who specializes in Retirement Planning for 50+ year old Christians. Mike is a CERTIFIED FINANCIAL PLANNER® profession and owner of True Wealth Financial . Mike has a standing policy that he’ll give anyone 30 minutes of his time, for n...
Jun 17, 2025•18 min
The 2024 Social Security (OASI) Trustee Report again highlighted that under the current assumptions, the trust fund will be depleted in 2033. With Social Security Benefits is 1 of the 4 potential sources of retirement income, it could have a plan. In this episode, I detail what the administration is say, what it means, what you can do about it, and what I think will happen. Who am I ? Mike Potter is a Christian Financial Advisor, who specializes in Retirement Planning for 50+ year old Christians...
Jun 10, 2025•20 min
Social Security Benefits is 1 of the 4 potential sources of retirement income, but there are also earning limits that may be in play as well. In this episode, I explain how SSA earning tests work (with examples), how to handle them in practice, and a special rule that might be available to help avoid the reduction of benefits. Who am I ? Mike Potter is a Christian Financial Advisor, who specializes in Retirement Planning for 50+ year old Christians. Mike is a CERTIFIED FINANCIAL PLANNER® profess...
Jun 03, 2025•23 min
Social Security Benefits is one of the 4 potential source of retirement income, but it's still taxed. In this episode, I explain how it's taxed, give you some examples, and list 6 potential means to reduce the it. Who am I ? Mike Potter is a Christian Financial Advisor, who specializes in Retirement Planning for 50+ year old Christians. Mike is a CERTIFIED FINANCIAL PLANNER® profession and owner of True Wealth Financial . Mike has a standing policy that he’ll give anyone 30 minutes of his time, ...
May 27, 2025•21 min
The loss of a spouse is hard enough. Sadly, their loss also adds a financial loss or impact as well. Social Security Benefits help fill some of that financial loss. In this episode, I explain how SURVIVOR benefits work, to include eligibility requirements, amounts of benefits, and show a couple of examples. Who am I ? Mike Potter is a Christian Financial Advisor, who specializes in Retirement Planning for 50+ year old Christians. Mike is a CERTIFIED FINANCIAL PLANNER® profession and owner of Tru...
May 20, 2025•16 min
Social Security Benefits is one of the 4 potential source of retirement income. In this episode, I explain how SPOUSAL benefits, to include eligibility requirements, amounts of benefits, and show a couple of examples. Who am I ? Mike Potter is a Christian Financial Advisor, who specializes in Retirement Planning for 50+ year old Christians. Mike is a CERTIFIED FINANCIAL PLANNER® profession and owner of True Wealth Financial . Mike has a standing policy that he’ll give anyone 30 minutes of his ti...
May 13, 2025•19 min
Social Security Benefits is one of the 4 potential source of retirement income. In this episode, I explain how benefits are calculated, walk through an example, and give you 5 resources to potentially calculate your benefits. Who am I ? Mike Potter is a Christian Financial Advisor, who specializes in Retirement Planning for 50+ year old Christians. Mike is a CERTIFIED FINANCIAL PLANNER® profession and owner of True Wealth Financial . Mike has a standing policy that he’ll give anyone 30 minutes o...
May 06, 2025•22 min
Social Security Benefits is one of the 4 potential source of retirement income. In this episode, I give some basic information on Social Security, how they benefits you receive might be more than you think, and some key factors to consider when deciding to take Social Security. Who am I ? Mike Potter is a Christian Financial Advisor, who specializes in Retirement Planning for 50+ year old Christians. Mike is a CERTIFIED FINANCIAL PLANNER® profession and owner of True Wealth Financial . Mike has ...
Apr 29, 2025•19 min
Like the dashboard of your vehicle gives you information about your car while driving it, there are some major financial metrics to determine how you retirement is going. Today, I address and show you those 5 metrics you can monitor on your path to retirement. Who am I ? Mike Potter is a Christian Financial Advisor, who specializes in Retirement Planning for 50+ year old Christians. Mike is a CERTIFIED FINANCIAL PLANNER® profession and owner of True Wealth Financial . Mike has a standing policy ...
Apr 22, 2025•16 min
In today's episode I, introduce the True Wealth Total Retirement System. I explain what it is, how it can help to answer the 5 major questions retirees or pre-retirees want to know, and share the details of the system. Who am I? Mike Potter is a Christian Financial Advisor, who specializes in Retirement Planning for 50+ year old Christians. Mike is a CERTIFIED FINANCIAL PLANNER® profession and owner of True Wealth Financial . Mike has a standing policy that he’ll give anyone 30 minutes of his ti...
Apr 15, 2025•19 min
Last week the stock market took a pretty big hit. The question is, what should you do you about it? In this show, I answer that question AND give you 3 things that you can do, to actually benefit it times like this. Who am I ? Mike Potter is a Christian Financial Advisor, who specializes in Retirement Planning for 50+ year old Christians. Mike is a CERTIFIED FINANCIAL PLANNER® profession and owner of True Wealth Financial . Mike has a standing policy that he’ll give anyone 30 minutes of his time...
Apr 08, 2025•28 min
Asset Allocation is about what types of investment you have. Asset location is about where those investments are kept or housed. Generally there are 3 types. In this episode, I go through those 3 types of accounts, and talk about the advantages, limitations, and purposes of those 3 locations. I hope you find this episode helpful, and until next time... have a great day ~ Mike ---------------------------------------------------------------------------------- Email Mike: mike@truewealth.show Have ...
Jan 29, 2025•18 min
When it comes to allocating your portfolio in retirement, I don't like the traditional industry guidelines. I prefer for you to have a retirement portfolio that is customized, based upon your actual life and the income needs you have. I hope you find this episode helpful, and until next time... have a great day ~ Mike ---------------------------------------------------------------------------------- Email Mike: mike@truewealth.show Have a Conversation with Mike: https://calendly.com/conversation...
Jan 22, 2025•16 min
When you are saving for retirement, you simply want your portfolio to grow. But when you retire, your nest egg takes on 3 different jobs. In this episode, I unpack the 3 jobs, and why they exist. I hope you find this episode helpful, and until next time... have a great day ~ Mike ---------------------------------------------------------------------------------- Email Mike: mike@truewealth.show Have a Conversation with Mike: https://calendly.com/conversation-wit... True Wealth Assessment: www.tru...
Jan 15, 2025•18 min
One of the biggest concerns retirees have, is running out of money. Understanding the risks involved at Retirement, specifically Sequence of Returns risk, will greatly help you navigate your retirement transition. I hope you find this episode helpful, and until next time... have a great day ~ Mike ---------------------------------------------------------------------------------- Email Mike: mike@truewealth.show Have a Conversation with Mike: https://calendly.com/conversation-wit... True Wealth A...
Jan 08, 2025•20 min
As Christians and good Americans, we want to pay every penny we owe in taxes. But it we can potentially lower our taxes ... all the better. Roth Conversions is a good potential way to do that. In this episode, I explain what Roth conversion are, the benefits of them, when do them, how to do them, and illustrate with a little case study. ---------------------------------------------------------------------------------- Email Mike: mike@truewealth.show Have a Conversation with Mike: https://calend...
Dec 24, 2024•22 min
One of biggest challenges as you transition into retirement, is to know exactly how much and where your income is coming from. Creating a 5 year cash-flow plan will help solve that problem and increase your confidence to retire. I hope you find this episode helpful. Thanks for listening and until next time... have a great day ~ Mike ---------------------------------------------------------------------------------- Email Mike: mike@truewealth.show Have a Conversation with Mike: https://calendly.c...
Dec 17, 2024•15 min
There are two ways to test your retirement plan for feasibility, which answer the question, "how feasible is that we can live the life we want and not run out of money.?" Today we'll explore the second testing method using Net Present Values, which essentially brings the future back to the present! We'll explore how to do that with our Case Study of Steve and Sarah. I hope you find this episode helpful. Thanks for listening and until next time... have a great day ~ Mike -------------------------...
Dec 10, 2024•28 min
There are two ways to test your retirement plan for feasibility, which answer the question, "how feasible is that we can live the life we want and not run out of money.?" Today we'll explore the first testing method using Monte Carlo Simulation. We'll explore how to do that with our Case Study of Steve and Sarah. I hope you find this episode helpful. Thanks for listening and until next time... have a great day ~ Mike -------------------------------------------------------------------------------...
Dec 03, 2024•24 min
After defining your retirement, its' best to determine how to pay for it. That can be done through 4 types of capital and/or income. Today's episode explores those 4 sources, by sharing how Steve and Sarah will utilize theirs. I hope you find this episode helpful. Thanks for listening and until next time... have a great day ~ Mike ---------------------------------------------------------------------------------- Email Mike: mike@truewealth.show Have a Conversation with Mike: https://calendly.com...
Nov 26, 2024•15 min
The first step in planning your retirement is to define or envision what you want retirement to look like. We do that by outlining our Needs, Wants, and Wishes. Today's episode includes a case study with Steve and Sarah, a 60 year old couple, who is starting to plan their retirement. ---------------------------------------------------------------------------------- Email Mike: mike@truewealth.show Have a Conversation with Mike: https://calendly.com/conversation-with-mike/mtg True Wealth Assessme...
Nov 19, 2024•21 min
There are a ton of benefits of having a retirement plan, especially on the money side of things. But retirement should really center on your life first, and have the money support it. In todays, episode I outline 5 non-financial benefits on having a comprehensive retirement plan. ---------------------------------------------------------------------------------- Email Mike: mike@truewealth.show Have a Conversation with Mike: https://calendly.com/conversation-with-mike/mtg True Wealth Assessment: ...
Nov 12, 2024•23 min
Retirement in a lot of ways is a blank slate. You get to decide how you live your live and more importantly the person you want to be or become. Identity plays a large role in that. In this episode I discuss what identity is, how it can help or hurt you, and some tips to reshape it as you transition into retirement. I hope you find this episode helpful. Thanks for listening and until next time... have a great day ~ Mike ----------------------------------------------------------------------------...
Nov 05, 2024•26 min
Retirement blues, or depression is a real thing, that a lot of people go through when they retire. A great antidote for that stress and depression is to have an idea of how to spend your time in retirement. In this episode I lay out a framework to help think through how to spend your time, and give you two ideas to start implementing. I hope you find this episode helpful. Thanks for listening and until next time... have a great day ~ Mike ---------------------------------------------------------...
Oct 29, 2024•20 min
At it's core, this is the heart of retirement planning. Turning your assets and retirement nest egg into a paycheck, that lasts a lifetime. In this episode I discuss the 3 goals of creating a sustainable retirement income, the 4 sources of capital that can be utilized, several factors to consider in doing so. I hope you find this episode helpful. Thanks for listening and until next time... have a great day ~ Mike ---------------------------------------------------------------------------------- ...
Oct 22, 2024•17 min
Every retiree will need to make the important decision of where to obtain health insurance in retirement. For most people, that will be Medicare. But there are actually two "flavors" of Medicare, and a lot of factors to consider when making that choice. ---------------------------------------------------------------------------------- Email Mike: mike@truewealth.show Have a Conversation with Mike: https://calendly.com/conversation-with-mike/mtg True Wealth Assessment: www.truewealthfg.com/assess...
Oct 15, 2024•20 min
