Secure Your Retirement

Latest Episodes:

3 Questions to Ask Yourself About Retirement Oct 31, 2022

Show notes

What questions should you be asking yourself when planning and thinking about retirement?

When it comes to planning for your retirement, your major concerns should be around your goals, your need for professional help, and the actual retirement plan. To build a retirement-focused financial plan, you must have goals or at least have an idea of what you want your retirement to look like.

In this episode of the Secure Your Retirement podcast, we talk about the three major questions to ask yourself when thinking about retirement over a glass of Erath Pinot Gris wine. Listen in to learn how to align yourself with someone that’s specialized in retirement planning and not just the investment side of things as you transition into retirement.

In this episode, find out:

● Think about when you want to retire and figure out if that’s possible for you.

● Think about what you’re going to do in your retirement to live a fulfilling life.

● Think of the type of retirement you want for yourself before you start planning for it.

● How we help relieve you of the worry of taking care of your retirement planning.

● Take time before engaging an advisor to fully understand how their practice works.

● Align yourself with a specialized retirement advisor as you transition into retirement.

● How to build a retirement-focused financial plan based on your idea of retirement.

Tweetable Quotes:

● “You want to take the time before you enter into an engagement with an advisor to really understand a lot of things as to how their practice works.”- Murs Tariq

● “If you’re going to work with a professional, try to align yourself with someone that is specialized in the area of retirement planning and not just in the investment side of things.”- Murs Tariq

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

How to Invest in a Volatile Market in Retirement Oct 24, 2022

Show notes

What do you do in an extended market downside as opposed to a short one? How do you invest in a downturn market? The closer we are to retirement, the more nervous a downside market affects us.

All year 2022, the market has been volatile, and the recovery is not as quick as we experienced during the 2020 pandemic. What we’re looking for now are investments that are low risks, not correlated to the stock market, and do well in rising interest rate markets.

In this episode of the Secure Your Retirement podcast, we talk about the current market volatility and how to invest. Listen in to learn about the fund designed to protect your investment and the other one that does better in a high-interest rate market.

In this episode, find out:

● Why a downside market creates a lot of anxiety the closer you get to retirement.

● The difference between a quick market downturn and an extended market downturn.

● The factors contributing to the high inflation rate and the market downturn in 2022.

● Comparing the 2022 inflationary crisis to the financial crisis of 2008.

● The mutual fund is designed to protect your principal and provide interest payments.

● Why we might utilize a fund that does better in high-interest rate and volatile markets.

Tweetable Quotes:

● “The closer we are to retirement, the more nervous a downside market affects us.”- Radon Stancil

● “The idea of using bonds to de-risk your portfolio and reduce volatility to hedge yourself has not worked at all in 2022.”- Murs Tariq

Resources:

To access the course, simply visit POMWealth.net/podcast.

Federal Reserve and Inflation in Retirement Oct 17, 2022

Show notes

What exactly is causing the current inflation, and how does it affect your retirement?

The supply chain issues we experienced during the pandemic majorly contributed to the current global inflation we’re now experiencing. The Fed has increased rates on a few major product categories raising the cost of inflation.

In this episode of the Secure Your Retirement podcast, we talk about the cause of inflation, what the Fed is doing, and how you can reduce the impact of inflation on your retirement. Listen in to learn how the Fed is trying to balance the economy to keep it balanced and avoid a crash.

In this episode, find out:

● How the pandemic supply chain issues led to the current inflation rate.

● The major categories getting affected by inflation due to supply chain issues and the Ukraine war.

● How the Fed is trying to balance things to keep the economy moving and avoid a crash.

● How the flexibility of retirees can allow them to avoid the impact of inflation.

● Why the Fed is avoiding making the inflation mistake of the 1970s and 80s.

Tweetable Quotes:

● “A retiree cannot avoid inflation, but they can make some conscious decisions on whether or not they’re going to be fully susceptible to inflation.”- Murs Tariq

● “Knowing what you can control gives you power.”- Radon Stancil

Resources:

To access the course, simply visit POMWealth.net/podcast.

Why You Should Use a Fiduciary Oct 10, 2022

Show notes

Should you work with a fiduciary, and what does it mean to be a fiduciary? A financial advisor working under the fiduciary premise is bound by certifications and licenses to make transactions in the client’s best interest.

In this episode of the Secure Your Retirement podcast, we explain the importance of working with a fiduciary to manage your retirement investment. Listen in to learn the difference between a broker and a fiduciary, plus the factors that bind a fiduciary to act in the client’s best interest.

In this episode, find out:

The difference between suitability and fiduciary standards.
The certifications and licenses that bind an advisor to become a fiduciary.
Understanding what it means to be a fiduciary – doing what is best for the client.
The factors we consider when evaluating investments that best suit our clients.
Why you should ask your financial advisor upfront if they’re bound to the fiduciary standard.

Tweetable Quotes:

“There are certain licenses and certifications that bind an advisor to become a fiduciary.”- Radon Stancil
“As a fiduciary, our responsibility is not just to look at one question; it’s also to look at everything surrounding that question in a very holistic manner to help you make the best decision for yourself.” - Murs Tariq

Resources:

To access the course, simply visit POMWealth.net/podcast.

Will I Avoid IRMAA Surcharges on Medicare? Sep 26, 2022

Show notes

Are you going to be able to avoid IRMAA surcharges on Medicare parts B and D? IRMAA stands for Income-Related Monthly Adjusted Amount, and there are charges on both parts B and D based on where your income lands.

If you’re thinking about retiring any time soon, there are ways to manage your income to stay at a lower amount to avoid surcharges on your Medicare premiums.

In this episode of the Secure Your Retirement podcast, we take you through the IRMAA surcharges on Medicare part B and D over a glass of La Crema Chardonnay. Listen in to learn about the 3-layer IRMAA surcharge difference and which category you fall in.

In this episode, find out:

● Understanding what Income-Related Monthly Adjusted Amount represents in Medicare.

● The meaning of Modified Adjusted Gross Income and why you need to know yours.

● The IRMAA surcharge to pay if your income didn’t exceed 91k single or 182k married filed jointly.

● When to file for a form SSA-44 and explain how a life-changing event affected your income.

● The 3-layer IRMAA surcharges to pay if your income exceeds 91k single or 182k married filed jointly two years prior.

Tweetable Quotes:

● “There’s a potential where you can have additional charges on your part B or D if you fit certain criteria when it comes to income.”- Murs Tariq

● “With a little bit of planning, we can be able to think IRMAA through and what’s going to be beneficial to you.”- Radon Stancil

Resources:

To access the course, simply visit POMWealth.net/podcast.

The GPS Retirement System Sep 19, 2022

Show notes

When you think about the GPS in your car, you think about how it will direct you to the right destination. The most important part of your GPS is knowing where you are so it can help you get to your destination.

Our retirement program is similar to a GPS designed to help you get to your retirement destination without any worries.

In this episode of the Secure Your Retirement podcast, we take you through our GPS retirement system and explain why it’s powerful. Listen in to learn how we help you prepare for any roadblocks that arise during your retirement.

In this episode, find out:

Why we liken our retirement plan process to a GPS system.
The different things that help us understand where you are like income, assets, and more.
The numbers we use to estimate if your plan can get to the end of your retirement.
Why we use age ninety as the end of your retirement to plan the GPS retirement system.
The “what ifs” we look at to prepare for potential roadblocks that may arise during your retirement.
Why we do the GPS annual updates with our clients to help adjust things in their favor.

Tweetable Quotes:

“It doesn’t matter how much you have asset-wise, it’s all about how much you plan on spending in retirement.”- Murs Tariq
“We use our retirement planning process system to get you all the way from where you are now through retirement.”- Radon Stancil

Resources:

To access the course, simply visit POMWealth.net/podcast.

Beneficiary Designations - What You Need to Know Sep 12, 2022

Show notes

Have you been wondering whether to do a beneficiary and how to do it? There are different accounts that require you to have beneficiaries, including your retirement accounts.

A beneficiary is a person you assign while you’re living to receive the benefits of your accounts after you pass.

In this episode of the Secure Your Retirement podcast, we talk about beneficiary destinations and how to do them correctly. Listen in to learn the importance of doing annual beneficiary reviews and listing your accounts for the benefit of your beneficiaries.

In this episode, find out:

Different types of accounts that are almost required to have beneficiaries.
Understanding the primary and contingent beneficiaries plus the tax risks of not having a beneficiary.
The differences between the per capita and per stirpes beneficiary destinations.
How the per stirpes language can help with the tax options during inheritance.
Have beneficiaries in place for all accounts, and ensure you do a beneficiary review every year.
The importance of listing all of your accounts to ensure your beneficiaries know where to look.

Tweetable Quotes:

“The beauty of per stirpes is that it makes sure that the lineage is taken care of versus one person getting everything because someone is not around to inherit.”- Murs Tariq
“Make a list of all of your accounts so that whoever your beneficiaries are, they’ll know where to go look.”- Radon Stancil

Resources:

To access the course, simply visit POMWealth.net/podcast.

Dr. Doug - Hormone Optimization Therapy Sep 05, 2022

Show notes

Have you given thought to the possibility of having the hormonal replacement therapy conversation?

As we age, hormones will inevitably decline and it’s something that everyone will have to deal with. The hormonal optimization therapy is something we should discuss now that the benefits outweigh the risks with the current literature.

In this episode of the Secure Your Retirement podcast, we have Dr. Doug Lucas, a triple fellowship-trained physician with a passion for health optimization, epigenetics, bone health, hormone optimization, and orthopedic surgery. Listen in to learn about the hormone decline symptoms to look out for and how to start the testing and treatment process.

In this episode, find out:

Understanding hormonal replacement therapy and the benefits of it.
The common symptoms of hormonal decline in both men and women and the age they occur.
The symptoms of hormonal decline in women and when to consider the optimization conversation.
How to approach hormonal testing and treatment from where you are now to where you want to be.
Benefits to expect from hormonal replacement therapy for both men and women and the time it takes to work.

Tweetable Quotes:

“Hormonal replacement is something that if you do, you should plan on doing indefinitely.”- Dr. Doug
“Giving somebody hormones will deplete them of some things pretty predictably, and that’s another thing that needs to be considered along the way.”- Dr. Doug

Get in Touch with Dr. Doug:

Website: https://optimalhumanhealth.com/

Resources:

To access the course, simply visit POMWealth.net/podcast.

Peace of Mind Wealth Management Process Aug 29, 2022

Show notes

Are you considering taking that complimentary call and possibly working with us? Here at Peace of Mind, we have a well-curated system from the first meeting we have with a potential client to the actual job of managing their financial retirement plan.

In this episode of the Secure Your Retirement podcast, we take you through our process and the four steps to secure your retirement. Listen in to learn how we conduct a risk assessment on your investments, plus come up with an active retirement financial plan for you.

In this episode, find out:

● Personalized introduction meeting – a no-obligation meeting checking where you are and if we’re potentially a good fit.

● The two reasons why we might think you’re not a good fit for us on the first meeting.

● Personalized planning meeting – putting your information together into a retirement focus financial plan.

● Things that go into a risk assessment that we conduct during our second meeting.

● The advantageous aspects of the complimentary personalized planning meeting.

● Personalized options review – walking you through all the options as to how we can start a working relationship.

● Personalized monitoring – an ongoing process of actively managing your money accounts and financial plan.

Tweetable Quotes:

● “We have a process/ system, you either like, or you don’t like it we’re comfortable with that.”- Radon Stancil

● “If you have investments, we’re going to take a look at what your investments are and essentially do a score as to how risky they are.” - Murs Tariq

Resources:

To access the course, simply visit POMWealth.net/podcast.

I Bonds - How They Work Aug 22, 2022

Show notes

Have you heard of I bonds and are wondering how they can work for you? An Inflationary bond is an interest-earning bond issued by the government.

Even though the money market isn’t looking very attractive right now, I bonds seem attractive and are as of today paying up to a 9.62% rate of return.

In this episode of the Secure Your Retirement podcast, we talk about I bonds, what they are, and how they can benefit you. Listen in to learn how to buy I bonds and make them the most efficient for you with their rate of return.

In this episode, find out:

● Understanding an I bond and why it’s attractive to buy during this inflation.

● How to buy I bonds individually from the government online.

● The I bond limitation per person and why it’s not a save-all to the market issues this year.

● The factors that affect the I bond interest rate plus the holding period that makes sense.

● How the I bond is taxed federally and at your ordinary income.

Tweetable Quotes:

● “An I bond is issued by the government, and it is a bond that is going to earn interest.”- Murs Tariq

● “To make the I bond the most efficient, you want to have it in your mind that you hold it for at least five years.”- Murs Tariq

Resources:

To access the course, simply visit POMWealth.net/podcast.

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