Stay ConnectedPlanning for, or already enjoying, your retirement? This is the show for you.
The success of your retirement hinges on how well you connect the dots between legal, tax, and financial planning. Join your hosts John Ross, JD and Devin Carroll, CFP® as they dig beneath the surface to help you gain the confidence and clarity needed to navigate your retirement journey successfully.
Copyright: © 2023
John shares the stories of when, and why, you would disinherits a spouse. Devin gives advice to Kim who wants to know how to say "no" to her adult children's request for money.
For more great advice about how to avoid BIG MISTAKES when planning for retirement, download our free guide: 3 Simple Steps to a Successful Retirement at http://www.bigpictureretirement.net/steps
We are half way through the year and it's time to review the market performance with Andrew Comstock from CastlebarAM.com.
Market Snapshot:
DOW (DJI) opened at 20,665.17 on April 3, 2017 and closed at 21,287.03 on June 29, 2017.
The S&P opened at 2,362.34 on April 3, 2017 and closed at 2,423.41 on June 30, 2017
Jean Chatzky, financial editor of NBC's Today show, discusses her new book "AgeProof" about balancing your health and your wealth. She shares some habits that can help you thrive, both financially and physically. Teamwork: Working with a partner can help you meet your financial goals and your health goals. A running partner will motivate you to get out even when you don't feel like it. Find a money partner to help you meet your financial goals. Automation: We know that saving money works best is when we put it on automatic pilot. Do the same thing with your health! Schedule your workouts. Have two or three healthy, simple meals that you can just grab out of the refrigerator without thinking. Substitution: Small tweaks can turn bad habits into good habits. We've all heard that you should swap out home-brewed coffee for expensive coffee shop habits. How can you do the same thing with your health? Rather than convincing yourself to quit a bad habit, figure out how you can adjust it. For more information about Jean and her new book, visit http://www.bigpictureretirement.net/episode-27-ageproof-living-longer-without-running-money-breaking-hip/
Social Security benefits are confusing - even for those who work at the SS Office. Often, the person looking for advice is unsure of what information the SS Office needs - or how to communicate it to them. Nancy tells her story of being denied for Social Security benefits - and how Devin Carroll was able to provide her the advice and documentation to fight for her benefits. The difference was $500 a month in Nancy's favor. Contact Devin for help with your Social Security Benefits at http://www.bigpictureretirement.net/about/devin-carroll
Death is never a pleasant topic. What is less pleasant is passing away suddenly with no planning in place and no way to help your family transition through the process. John walks us through 5 things to do after someone dies:
To download the checklist resource, visit http://www.bigpictureretirement.net or http://rossandshoalmire.com
Did you know that a copy of a will may not hold up in Probate? John talks about the need to keep an original copy of the will up-to-date and in a safe place. Devin is asked if buying a rental property in retirement is a better idea than investing in the market. Download 3 Simple Steps to a Successful Retirement at http://www.bigpictureretirement.net/steps
Steve Chen created a retirement planning calculator that anyone can use. The inspiration came from personal experience. His mom needed help at retirement - but she didn't have enough assets to work with most financial planners.
Steve from NewRetirement.com discusses financial planning needs for those who aren't "attractive" to financial planners. For more information, visit http://www.bigpictureretirement.net
Recessions and market declines are going to happen. What are the lessons we can learn from the Tech Bubble of 2000's and the Great Recession of 2008? Devin shares the 5 lessons he learned during the two most recent market declines while being a financial advisor: 1. Market declines are normal 2. No one can consistently predict market movements 3. The best days hang out with the bad days 4. This time is not different 5. The greatest threat to your portfolio return is not the market You can read more at http://socialsecurityintelligence.com/5-lessons-ive-learned-market-declines Do you know what to expect from a great Financial Advisor during market declines? Straightforward Advice Truthful Activity Proactive Support If you don't have an advisor who can help you through the downturns then contact us at http://www.bigpictureretirement.net
Non-Probate Transfers, Trusts, and how the Beneficiary Designation trumps any wishes you express in your Will.
These are just a few of the things you NEED to understand so you can avoid making a major mistake with your estate planning.
For more information, visit http://www.bigpictureretirement.net/21
Linda and her husband have been raising their grandchildren since birth. Both of the children's parents are alive. Do the grandchildren qualify for Social Security? Clyde asks if there is any situation where you would roll an IRA into a 401k? It is an unusual situation when this makes sense. Listen in to find out more.
Notes from today's show can be found at http://www.bigpictureretirement.net
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