When you make a financial decision, does it start with looking at the numbers or asking the question, “How do I feel about this?” When should your feelings overrule the numbers, and when should the numbers overrule your feelings? Furthermore, what areas of your retirement plan are most likely swayed by feelings and emotions?
Continue Reading Ep 22: Financial FeelingsTag: retirement
Ep 21: Universal Retirement Truths
There are certain retirement planning principles that apply to everyone regardless of who you are, how much money you have, when you’re retiring, or where you live. Let’s examine these universal truths together to determine how you can maximize the principles to complement your unique retirement plans.
Continue Reading Ep 21: Universal Retirement TruthsEp 20: Stages of Retirement Planning
It is no secret that our financial plan will shift and change throughout our lives. However, this is even more prevalent, the closer we get to retirement. Jeff will discuss the different retirement planning stages and what the focus should be when you hit each of these checkpoints.
Continue Reading Ep 20: Stages of Retirement PlanningEp 19: Longevity Risk
Living a long time isn’t supposed to be a bad thing and it almost seems counterintuitive to categorize if it is a risk. But it is. Let’s take a look at how longevity plays a role in a financial plan and have an honest conversation about how to deal with the “problem” of living too long.
Continue Reading Ep 19: Longevity RiskEp 18: Paying Off the House
Many pre-retirees wonder if they should pay off their house before they go into retirement, or if it’s okay to still carry a mortgage in this phase of life. Jeff will give us some considerations when making this important decision and some common situations he sees with his clients.
Continue Reading Ep 18: Paying Off the HouseEp 17: Long Term Care
Long term care can be one of the biggest expenses in retirement, but many of us fail to plan for it. A lot of people are uncomfortable with thinking about mortality and avoid the planning altogether, while others don’t know where to start. On today’s show, we talk about the different ways you can plan for long term care and why you should get a plan for this financial aspect of retirement as soon as you can.
Continue Reading Ep 17: Long Term CareEp 15: Risk Tolerance
One of the most important factors in a financial plan is the amount of risk you have in your portfolio. You never want to lose sight of how much risk you are comfortable with because this can cause fear, worry, and irrational decisions. Risk varies from person to person, so it’s vital to get your risk tolerance customized to your comfort levels and not in a one-size-fits-all plan. Jeff talks about the considerations he goes through when determining someone’s risk and how a bucket strategy can be quite effective with risk concerns.
Continue Reading Ep 15: Risk ToleranceEp 14: 401(k) Rollovers
The 401(k) is one of the most common investment tools out there. A myriad of companies offer their own 401(k) plan and will often match a certain percentage to incentivize employees to contribute to the plan. As you get closer to retirement, you may consider doing a rollover. Some people choose to do this for safety. Investment options, tax implications, and much more. Jeff discusses the basic rules of rollovers and the positive attributes they can add to your retirement plan.
Continue Reading Ep 14: 401(k) RolloversEp 13: Traditional Vs. Roth
It seems that most people don’t have a clear picture of whether they should contribute to a traditional IRA or a Roth. Let’s discuss how to determine which one is best for you based on who you are.
Continue Reading Ep 13: Traditional Vs. RothEp 12: Are You Ready to Retire?
A lot of people are unsure if they are actually able to retire. Some worry about leaving a career that they love, while others are concerned if they have enough money to last a lifetime. We discuss reasons why you may feel hesitant to retire and how putting a solid plan together can solve these concerns.
Continue Reading Ep 12: Are You Ready to Retire?