Retirement Playbook

Latest Episodes:

Ep 26: The Financial Forecast Oct 01, 2020

Show notes

The change from summer to fall always gets us talking about the change in weather so we thought we’d carry that conversation over to the podcast. Join us as we provide correlations between what we see in the weather with how we prepare our finances.

Read more and get additional financial resources here: https://retirementplaybookpodcast.com/retirement-strategy/ep-26-the-financial-forecast/1344/

What we discuss on this show:

2:35 – Tornadoes

5:03 – The 3 Investment Worlds

6:47 – The Jet Stream

8:42 – The Heat Index

11:10 – Black Ice

16:20 – How to prepare for your financial future.

See omnystudio.com/listener for privacy information.

Ep 25: Obsolete Retirement Planning Ideas Sep 17, 2020

Show notes

There are plenty of financial planning strategies that have been passed down to each generation without losing effectiveness, but not everything can stand the test of time. Today we’ll identify five planning ideas that are either becoming obsolete or already hold little value anymore.

Read more and get additional financial planning resources here: https://retirementplaybookpodcast.com/retirement-strategy/ep-25-obsolete-retirement-planning-ideas/1338/

What we discuss today:

2:54 – The 4% Rule

6:11 – The 10-5-3 Rule

9:04 – As we age, we should transition away from stocks and into bonds for safety.

10:28 – Tagging a certain number as what you’ll need for retirement.

13:59 – You’ll need less income in retirement.

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Ep 24: This One’s on the House Sep 03, 2020

Show notes

Your home is one of the biggest assets in your financial portfolio and there are a lot of decisions to make related to real estate. Let’s talk about the conversations we have with clients about mortgages, rental properties, downsizing, and more.

Read more and get additional financial resources here: https://retirementplaybookpodcast.com/retirement-strategy/ep-24-how-your-home-fits-into-retirement-planning/1333/

What we discus on this episode:

1:53 – Background on the conversation today

2:35 – Pay it off as soon as possible or slowly?

6:40 – Is it wise to downsize?

8:48 – Having the emotional attachment to your home.

10:24 – Good idea to have a rental property to generate income?

12:00 – Real estate as part of legacy planning

See omnystudio.com/listener for privacy information.

Ep 23: Awkward Conversations in Financial Planning Aug 20, 2020

Show notes

In order to build a complete financial plan that meets aligns with your goals, it takes many honest conversations with your advisor. Some of those, by nature, are going to be a little uncomfortable. Let’s look at some of the more awkward discussions we have with clients during the planning process.

Read more and get additional financial resources here: https://retirementplaybookpodcast.com/retirement-strategy/ep-23-awkward-conversations-in-financial-planning/1322/

On today's show:

2:10 – Our topic this week is awkward conversations.

2:54 – Dealing with a divorce.

4:50 – Determining who should be included as beneficiaries.

6:41 – Sorting out an estate.

9:43 – Changing financial advisors

14:00 – Getting emotional due to financial stress.

See omnystudio.com/listener for privacy information.

Ep 22: Understanding the 3 Qualities of Money Aug 06, 2020

Show notes

Financial planning can be complicated at times so let’s try to simplify it a bit. Today we’ll break down the three qualities of money we utilize for a client’s portfolio and what type investments fit into each.

Read more and get additional financial resources here: https://retirementplaybookpodcast.com/investing/ep-22-understanding-the-3-qualities-of-money/1321/

On today's show:

1:37 – What are the 3 qualities of money?

4:13 – Is there an investment that can get all three?

7:22 – What defines liquidity?

7:52 – Examples of growth and liquidity without safety.

8:31 – Growth and safety without liquidity.

9:56 – Which of these do clients typically emphasize?

See omnystudio.com/listener for privacy information.

Ep 21: Being Honest With Yourself Financially Jul 16, 2020

Show notes

Before you reach retirement, it’s important that you take an honest look at yourself and your situation. Truly understanding where you want to go and what approach you want to take to get there will help you build the best retirement plan.

Today we’ll lay out a list of questions you should ponder. Get inside your own head and determine what the answers are for each of these. That way you can have a straightforward conversation with an advisor, and that will result in the best outcome for your financial future.

Read more and get additional financial resources here: https://retirementplaybookpodcast.com/retirement-strategy/ep-21-being-honest-with-yourself-financially/1315/

Today's show schedule:

1:12 – What financial issue is at the top of your list?

3:05 – What do you desire the most?

4:58 – How much of a risk taker are you?

6:28 – Do you have any investment biases?

8:33 – What did you learn about money from your parents?

10:13 – What does money really mean to you?

See omnystudio.com/listener for privacy information.

Ep 20: Declaring Our Financial Independence Jul 02, 2020

Show notes

In honor of the upcoming 4th of July holiday weekend, we’re going to declare our financial independence. Join us as we lay out a list of things we want to be independent of when retirement rolls around.

Read more and get additional financial resources here: https://retirementplaybookpodcast.com/investing/ep-20-declaring-our-financial-independence/1309/

Today's show schedule:

0:36 – Happy 4th of July

2:51 – Independence from government is something to aim for in retirement

5:02 – Independent of our family

6:56 – Freedom from debt

8:48 – Be independent from employment

10:28 – Don’t be dependent on the stock market

11:20 – You need to take the time to put your playbook in place.

See omnystudio.com/listener for privacy information.

Ep 19: Financial Truth Bombs Jun 25, 2020

Show notes

It’s time to blow up some of the common beliefs people have held for years to make sure you know the truth about financial planning.

Read more and get additional financial resources here: https://retirementplaybookpodcast.com/retirement-strategy/ep-19-financial-truth-bombs/1302/

Today's show schedule:

1:33 – This week we’re dropping truth bombs.

2:09 – Bonds are not always as great for retirees as people think they are.

3:50 – Income taxes are currently close to historical lows. Do most people realize that?

5:52 – The hardest part of investing is managing your own behavior.

9:02 – Just because you’re an expert in your area, doesn’t mean you’re an expert in money.

11:32 – You probably have more at risk in your portfolio than you realize.

See omnystudio.com/listener for privacy information.

Ep 18: Special Edition - 3 Critical Considerations for Delta Buyouts Jun 18, 2020

Show notes

If you’re a Delta employee or know someone who is, take a few minutes to listen to this special episode dedicated to the buyout offer being made by the airline. We’ll tell you what three considerations you need to make before making any career decisions.

Today's show schedule:

0:45 – Let’s start with the first consideration. Have a plan.

2:00 – Second, consider the lump sum option with a pension.

2:47 – Third, take a look at the 401k.

See omnystudio.com/listener for privacy information.

Ep 17: How We Get Lost in Retirement Jun 04, 2020

Show notes

Have you ever gotten lost? Not that much fun is it? Well, getting lost in the car or in the woods is a lot like getting lost in retirement planning. Let’s look at the reasons that people get lost, and then how to get back on track.

Read more and get additional resources here: https://retirementplaybookpodcast.com/retirement-strategy/ep-17-how-we-get-lost-in-retirement/1288/

Today's show schedule:

1:58 – Why we’re talking about getting lost.

2:45 – First way we get lost: Bad Tools

4:33 – Bad directions

6:46 – You zone out and lose focus.

8:45 – How do we get back on track?

10:05 – Where do you want to go?

11:19 – Don’t be afraid to ask for help.

See omnystudio.com/listener for privacy information.