Retirement Playbook

Latest Episodes:

Ep 16: 5 Easy Ways to Ruin Your Retirement May 28, 2020

Show notes

When you spend a lot of time thinking about how to and when to retire, you don’t want to overlook these easy ways to ruin it! On today’s episode we highlight five ways you could ruin your retirement if you aren’t careful.

Read more and get additional financial resources here: https://retirementplaybookpodcast.com/retirement-strategy/ep-16-5-easy-ways-to-ruin-your-retirement/1280/

Today's show schedule:

2:45 - What are some easy ways to ruin your retirement?

3:24 - Treating retirement as a destination instead of a new phase in life.

5:30 - Thinking retirement solves all your problems.

7:08 - Assuming you can determine monthly spending habits based on life before retirement.

9:14 - Doing nothing and losing your sense of purpose and enjoyment through activities.

13:04 - Investing like you’re 35 when you’re 55 or 60.

15:10 - Office update: What to expect when working with Dale.

See omnystudio.com/listener for privacy information.

Ep 15: The Customer Isn’t Always Right May 21, 2020

Show notes

If you work with an advisor, are you expecting expert advice or are you expecting to be the one who is right all the time? It’s a relationship of trust as you make wise decisions together, but you might not always be “right” when it comes to making financial plans.

Today's show schedule:

1:20 - What is open right now under current restrictions?

3:27 - If the customer is “always right” then do you need an advisor?

7:34 - What if you are set on a certain trend or investment?

9:21 - What if you don’t want to spend money on something like life insurance or long-term care coverage?

11:23 - Are you really listening to the professional advice from an expert?

12:50 - Follow-through is key.

See omnystudio.com/listener for privacy information.

Ep 14: The Financial Planning Olympics May 14, 2020

Show notes

Ready to suit up and compete in the Olympics? Since the 2020 Summer Olympics have been postponed, let’s keep the games going by applying it to the world of financial planing? Will your strategy and preparation help you succeed? Find out in today’s podcast!

Read more and get additional financial resources here: https://retirementplaybookpodcast.com/retirement-strategy/how-would-you-do-in-the-financial-planning-olympics/1266/

Today's show schedule:

0:51 - The summer Olympics have been postponed due to coronavirus.

2:31 - What would be included in the financial planning Olympics?

2:47 - Facing the marathon of inflation over the long run.

4:05 - Prepare for the hurdle of a recession.

5:59 - Make sure to keep the hidden fees down.

9:06 - Can you balance on a thin line of diversified investments?

10:51 - Are you working as a unit like the synchronized swimmers?

See omnystudio.com/listener for privacy information.

Ep 13: Does Your Financial Plan Have Pandemic Paralysis? May 07, 2020

Show notes

Is financial fear and fatigue stopping you in your tracks? Let’s discuss some of the ways you can continue to move forward with your financial plan.

Today's show schedule:

1:03 - What is the latest response to the financial side of the response to coronavirus?

2:57 - Should you stop putting money into your 401(k) during this market volatility?

6:44 - Is it still worth meeting with an advisor now?

10:31 - Does this year’s retirement plan have to be put on hold?

12:32 - Are you scared to look at your accounts?

See omnystudio.com/listener for privacy information.

Ep 12: Cleaning Out Your Financial Closet Apr 30, 2020

Show notes

A lot of Americans are using this lockdown time to clean up around the house so let’s channel that energy to getting our finances organized as well. We’re going to open the doors to that financial closet you haven’t looked into for some time and talk about how to get everything in order.

Read more and get additional resources here: https://retirementplaybookpodcast.com/uncategorized/ep-12-cleaning-out-your-financial-closet/1250/

Today's show schedule:

2:53 – Let’s clean out the financial closet

3:46 – Help us make sense of the analogy first.

4:43 – Every has a different way of organizing their finances.

6:12 – How can we begin the process of getting organized?

7:10 – Some other ideas for organizing.

8:14 – Budgeting is still important in retirement

9:56 – Now is the perfect time to take on some of these things.

11:41 – Do the things we have still match our goals?

See omnystudio.com/listener for privacy information.

Ep 11: Keys to Building a Sturdy Financial House Apr 23, 2020

Show notes

A home is a place where we depend on for stability and security, which is similar to our financial plan. Let’s explore the similarities even further by discussing each key element for building a house and what that would equate to in your retirement planning process.

Read more and get additional resources here: https://retirementplaybookpodcast.com/retirement-strategy/ep-11-keys-to-building-a-sturdy-financial-house/1245/

Today's show schedule:

1:02 – Thoughts on the shutdown and what’s changing.

4:08 – Let’s talk about home-building.

5:47 – What if you were building a financial house.

6:10 – We begin with the foundation. What’s the financial equivalent?

7:24 – Now let’s put up our walls. That’s an investment plan.

8:22 – Your roof would be the protection portions of your plan.

9:35 – The final piece is fine-tuning and personalization, which is estate planning.

12:00 – Putting all these parts together is why a comprehensive plan is so important.

See omnystudio.com/listener for privacy information.

Ep 10: Key Things to Know About the CARES Act Apr 16, 2020

Show notes

The coronavirus pandemic has impacted just about everyone from a physical, emotional or financial standpoint. Now there’s relief on the way in the form of the CARES Act. Find out what this means for you as an investor and a small business owner.

Today's show rundown:

1:05 – What is Dale doing to keep busy during the quarantine?

5:33 – Let’s look at the CARES Act a little deeper.

6:00 – Tax deadline has been pushed back to July.

7:15 – RMDs are no longer required for 2020.

8:13 – Client story about withdrawing early to pay off a mortgage.

8:55 – What if you’ve taken RMDs already?

10:09 – The recovery rebate for individuals.

11:24 – This is an interesting time for people preparing for retirement.

14:43 – Paycheck protection program for small businesses.

16:49 – Just because it’s offered doesn’t mean you should definitely do it.

See omnystudio.com/listener for privacy information.

Ep 9: Social Distancing Your Finances Apr 09, 2020

Show notes

Some investment options shouldn’t be anywhere near each other because they have totally different goals. Let’s apply the popular social distancing phrase to our finances and look at four situations where these products need to stay separated.

Read more and get additional resources here: https://retirementplaybookpodcast.com/retirement-strategy/ep-9-social-distancing-your-finances/1235/

Today's rundown:

0:30 – Let’s have some fun with social distancing.

0:53 – Keep your emergency fund and the stock market separated.

1:57 – Distance life insurance and our investments.

2:44 – Distance high turnover investments strategies and after-tax brokerage accounts.

4:40 – Distance our emotions and our investments decisions.

See omnystudio.com/listener for privacy information.

Ep 8: Famous Movie Quotes & Retirement Planning Apr 02, 2020

Show notes

Think about your favorite movie quote. We all have one, right? Have you ever tried to apply a financial meaning to it? Today we’ll take seven popular movie quotes and we’ll make sense of them in terms of retirement planning.

Today's rundown:

1:29 – Setting up today’s conversation.

1:41 – Quote #1 from Robin Williams in Dead Poets Society: “Carpe Diem. Sieze the Days, boys. Make your lives extraordinary.’

3:14 – Quote #2 from Arnold Schwarzenegger in Terminator: “I’ll be back.”

4:06 – Quote #3 from When Harry Met Sally: “I’ll have what she’s having.”

5:30 – Quote #4 from The Wizard of Oz: “Toto, I have a feeling we’re not in Kansas anymore.”

6:30 – Quote #5 from Groundhog Day: “Well, what if there’s no tomorrow? There wasn’t one today.”

7:18 – Dale shares a client story showing why it’s important to get your plan in order now.

8:13 – Quote #6 from A Few Good Men: “You can’t handle the truth.”

9:14 – Quote #7 from Cool Hand Luke: “What we have here is a failure to communicate.”

See omnystudio.com/listener for privacy information.

Ep 7: Mutual Funds 101 Mar 19, 2020

Show notes

Mutual funds have been a popular investment vehicle for many years but how well do you understand were your money is going? Today we’ll take you through the ins and outs of mutual funds by defining the key terminology and discussing the strategy behind the investment.

Show notes and additional resources: https://retirementplaybookpodcast.com/investing/ep-7-mutual-funds-101/1193/

Today's rundown:

0:36 – Let’s talk about mutual funds today.

0:49 – What percentage of our clients owned mutual funds when they first came in to see us?

1:25 – What are expense ratios?

2:30 – On top of the expense ratio you have a turnover fee.

3:04 – Dale explains ‘loaded’ mutual funds and the difference between frontload, backload, and no load.

4:26 – What are the tax issues mutual funds can create?

5:32 – We hear a lot about ETFs now. How are they different from mutual funds?

6:42 – How often do we incorporate mutual funds into client portfolios? We start by using three investment worlds.

Helpful Info:

Website: https://www.myinvestingcoach.com/