Secure Your Retirement

Latest Episodes:

Myra Oliver - Down Home Money Nov 01, 2021

Show notes

If your goal is to achieve financial freedom and save for your retirement, you need to start planning for it as early as now to avoid struggling in your later years.

Securing your retirement also means finding your passion and living a joyous life on less money. To achieve financial freedom, you need to educate yourself on money and be intentional in taking action towards investing and passive income.

In this episode of the Secure Your Retirement podcast, we have Myra Oliver, a hair stylist turned real estate investor and entrepreneur. Listen in to learn how being financially free allows you to focus on the most important parts of your life and not just work.

In this episode, find out:

When she realized she needed to be purposeful with her money.
An entrepreneur’s advice that shaped the rest of Myra’s financial journey to becoming a millionaire.
How she built a rental portfolio in over 10 years to get to financial freedom at 33.
The journey of building a rental property portfolio from scratch.
Down Home Money book – investing, passive income, and finding financial assistance.
Start planning for your future so you don’t struggle.
How to live a big life on less by finding your why and working on your passion.
Stop wasting time on things or on people you don’t love, and rather follow what gives your life joy.

Tweetable Quotes:

“Money is important; you have to have money to survive.”- Myra Oliver
“It’s not how much money you make; it’s how much money you keep and what you do with it.”- Myra Oliver
“Wherever you are in your life, you can change the trajectory of your future self through learning about money and taking some simple approaches in protecting your money and assets.”- Myra Oliver

Get in Touch with Myra:

LinkedIn: https://www.linkedin.com/in/myra-oliver-83752a25/
Instagram: https://www.instagram.com/myrawoliver/

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 Protect Against Being Scammed Oct 27, 2021

Show notes

Scamming is increasingly becoming more creative and more sophisticated than ever before. How then do you stay informed and protected from any possible scam?

Even as you actively plan your retirement, it is important you stay informed and protected from scammers/fraudsters that can cause major damage to your retirement investment.

In this episode of the Secure Your Retirement podcast, we talk about scamming in 2021 and share 4 tips on how you can protect yourself from scammers. We also cover a few ways you can take action to ensure you’re back to safety if a scam/fraud happens to you.

In this episode, find out:

· How scamming is getting creative and using names of big companies that you think you can trust.

· Understand that the IRS will never call you, only write you.

· Statistics on scam incidents in 2020/21 and the impact it has had.

· How the pandemic opened more creative ways to get scammed.

· Never click on a link in an email or text unless you’re expecting it.

· Access your account through the business’s website or call them first before responding to a suspicious email.

· Stop and take a minute if you get a call asking for financial information.

· Have your credit cards and online transactions monitored for fraud alerts.

· Immediately close or put a hold on your bank accounts from retailers you use.

· Notify all three credit reporting agencies and put a freeze on your credit.

· Change your password on all your accounts to stop the scammers.

· Be vigilant and use your past scamming incidents as a lesson to move forward better.

· Contact the authorities to get to the bottom of the issue.

Tweetable Quotes:

· “One of the reasons scammers are being so successful is that people are ashamed they’re actually being scammed.”- Radon Stancil

· “Unfortunately, this is the world that we live in, the scammers are getting very creative, and it happens every single day.”- Murs Tariq

Resources:

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

Wine Down - Tips and Lessons Learned for Retirement Planning Oct 25, 2021

Show notes

How prepared are you for your retirement? As you get closer to retirement, it is important that you think about how things are going to pan out for you during that period.

In this episode of the Secure Your Retirement podcast, we have Jay and Maureen Hartford to give a perspective on how to approach the retirement period. They describe what they did right and what they didn’t, and how being agile with their plan served them.

Listen in to learn the importance of developing relationships and connections that you will continue interacting with after you retire.

In this episode, find out:

· Think of where you want to live and the lifestyle you want to live.

· Be agile and flexible to any possible changes that might happen before/during your retirement period.

· Why they decided to settle in Raleigh and not any other city in the country.

· Why they started a consultant-type business after retirement for connection purposes.

· They share their love for travel and exploring new places.

· How it worked out for Jay to retire 12 years before Maureen did.

· Think of the social networks you want to continue once you stop working.

· Start engaging an estate attorney for your estate planning early on in your retirement journey.

· Think of a certain healthcare document and your long-term healthcare insurance.

· The importance of having retirement goals and plans written down.

· How to prepare and have the hard and emotional conversations that surround the end of life.

Tweetable Quotes:

· “You better be prepared to change your plans, you better be agile, and you better think about things carefully as you go along because you’re probably going to want to adjust.”- Jay Hartford

· “It helps if you write down your retirement goals and start planning for them.”- Maureen Hartford

Book Mentioned:

· Guide to the Great Beyond by Jane Brody

Resources:

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

4 Questions to Help Your Income Plan Oct 20, 2021

Show notes

You’re finally approaching retirement after years of building your retirement income. What do you have to do now that you have arrived at the summit of your retirement?

In this episode of the Secure Your Retirement podcast, we talk about the four questions to consider helping shape your strategy for spending the retirement income you’ve worked a lifetime to build. We also cover the different approaches you should consider when it comes to a retirement plan investment.

In this episode, find out:

How long should I expect to live? Factors to be considered when planning retirement around your age.
How much will the cost-of-living increase during my lifetime? Have a retirement financial plan that looks at inflation.
When should I retire? Factors to consider when retiring early or later.
Where should I place my assets? The 2 types of money that you need for your retirement plan.

Tweetable Quotes:

“There’s a lot of unknowns when we get into retirement, and we can only plan for so much.”- Murs Tariq
“Fixed annuities offer a good alternative to pay for income needs.”- Radon Stancil

Resources:

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

Diane Pleuss - Finding a New Career After Age 50 Oct 18, 2021

Show notes

Have you ever thought of franchising as something you can do after the age of 50? If you are not ready to retire yet, but you were downsized or no longer want to stay in the corporate world, franchising is something you can do to stay productive.

It is important that you go through a consultant to guide you through the process of getting the right franchise for you. Did you know that you don’t necessarily need industry experience to be awarded a franchise?

In this episode of the Secure Your Retirement podcast, we have Diane Pleuss, a passionate leader, and an experienced franchise consultant. We cover the skills and the step-by-step process you need to follow to become a franchise owner.

In this episode, find out:

● Diane on how she serendipitously got into helping people fit into franchising.

● How she evaluates a person’s skills and goals to match them with their fitting franchise.

● The step-by-step process that a franchising company will take you before you’re awarded a franchise.

● Understanding the fees and funding you need, to be awarded a franchise.

● Why you need entrepreneurial skills and not industry experience to be awarded a franchise.

● The benefits of the support and training programs offered by franchise companies.

● Why you need to smartly work with a consultant or with a franchise company.

● Diane describes how a typical day looks like for the franchisee and the franchise company.

● Why you should consider a franchise as a business option.

Tweetable Quote:

“You usually don’t need industry experience; most of the time they would prefer to teach you and teach you, their way.” - Diane Pleuss

Get in Touch with Diane:

● Website: https://dianepleuss.com/

● LinkedIn: https://www.linkedin.com/in/dianepleuss/

● Book a Call: quickchatwithdiane.com

Resources:

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

4 Steps to a Healthy, Financially Secure Retirement Oct 13, 2021

Show notes

When looking to hire a financial advisor, what are some of the things you need to be aware of?

Hiring the right financial advisor for you all comes down to knowing what you’re looking for, what you’re paying for, and whether the person you’re working with knows what they’re doing.

In this episode of the Secure Your Retirement podcast, we cover the 8 questions you need to know positive answers to from a potential financial advisor before hiring them.

In this episode, find out:

· Make a commitment to yourself to get your checkup done.

· List your objectives on the type of relationship that you want to have with a financial advisor.

· Ask questions – eight questions you need to know answers to from a potential financial advisor.

· Meet and sit down with the advisor you choose to hire to get to know them at a personal level.

· Ensure you get something in writing as far as a contract that states relevant terms.

· Understand the difference between a certification and a title.

Tweetable Quotes:

· “If you have a list built out in front of you, take that to your advisor meetings as you’re searching for that person to see if they match up to what you’re looking for.”- Murs Tariq

· “The number one reason why a person will leave their financial advisor has nothing to do with performance, it has everything to do with communication.” - Radon Stancil

Resources:

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

Andrew Opdyke - The Economy-Inflation-Unemployment-Evergrande Oct 11, 2021

Show notes

How is the economy going to change now that we’re in the fourth quarter of 2021? Is it still going to be like the last 3 quarters or not? How will it impact our economy in 2022 and the coming few years?

There has been a lot of uncertainty in how things are happening, which is leading to market volatility.

In this episode of the Secure Your Retirement podcast, we have Andrew Opdyke, a Certified Financial Advisor, Economist at First Trust Advisor. Listen in to learn how the current state after COVID is impacting our economy, inflation, and unemployment.

In this episode, find out:

· Reflecting on the first and second quarter of the year and how the third and fourth look like.

· How housing consumption and rent prices impact inflation.

· The likelihood of reacceleration in inflation numbers in the coming years.

· Andrew compares 2021 to 2013 and why uncertainty in different areas will cause market volatility.

· Why the employment healing is going to take the market a few years to recover.

· The minimal impact of the Chinese fund Evergrande on the US economy and S&P companies.

· Why US partisan politics are likely going to be the next volatility.

· Why Andrew is excited about the impact of the potential innovation in the US.

Tweetable Quotes:

· “Uncertainty, in general, is the key driver of volatility in the market.”- Andrew Opdyke

· “As we move through the fourth quarter and the beginning of next year, we could see reacceleration on the inflation numbers.”- Andrew Opdyke

Get in Touch with Andrew:

· LinkedIn: https://www.linkedin.com/in/andrewopdyke/

Resources:

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

Protect Against Identity Theft and Fraud Oct 06, 2021

Show notes

Have you ever been concerned about identity theft or being a fraud victim? In today’s cyberworld, identity theft and fraud have become more sophisticated than ever before.

It is important that you stay aware and protected to avoid being on the receiving end of these cybercrimes.

In this episode of the Secure Your Retirement podcast, we share a checklist that we created about how to protect yourself against identity theft and fraud. We cover why you should always be suspicious when it comes to emails and calls you receive related to your financial information.

In this episode, find out:

Consider tweaking your passwords to look different on different sites and even get a password manager.
Check if two-factor authentication is available when logging in, especially into financial sites.
Consider differentiating your passwords’ themes on different sites.
Be careful when sharing your password.
Get updated software and antiviruses on your computer.
Be careful about clicking on unsolicited emails and attachments that come with them.
Be careful about the information you put on social media.
Be wary of seemingly family or friends’ emails that they wouldn’t normally send you.
The steps to take to protect yourself if a related company gets hacked.
Some huge red flag calls to avoid interacting with.

Tweetable Quotes:

“Where the risk is you making a mistake and allowing somebody to get to that data.”- Radon Stancil
“Emails are getting hacked all the time and they use that as a way to get in touch with the address book that’s within that email, so be very careful about someone you think you know may not be that someone you think you know.”- Murs Tariq

Resources:

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

Steve Moskowitz – Small Business Tax Planning Oct 04, 2021

Show notes

Did you know that there are ways you can save on your taxes as a small business? Big Fortune 500 companies do it all the time, and they make more money than you.

There are different ways you can save money on taxes and protect your small business and assets, which include being smart with your pension. Working with a tax attorney is also another advantageous way to protect yourself under the attorney-client privilege than working with a CPA.

In this episode of the Secure Your Retirement podcast, we have Steve Moskowitz, a seasoned tax attorney who helps business owners and individuals resolve tax issues. We cover extensively how you can use different pension accounts to protect your small business and yourself from losses.

In this episode, find out:

The difference between a CPA and a tax attorney.
The advantages/privileges of working with a tax attorney over a CPA.
How to save money with pensions in 2021 when filing returns plus extension.
How Steve helps retirees offset investment income with pension deductions.
The multiple pension accounts available as opposed to the most common ones.
The power, flexibility, and safety of pensions to avoid paying taxes or losing your money.
How to save money through the real estate professional tax exemption.
How the government uses incentives in tax laws to keep us paying taxes.
The many government giveaways to use to your advantage as a small business.

Tweetable Quotes:

“A lot of times we do get into other areas like crime because somebody will do something that has both a criminal aspect and a tax aspect.”- Steve Moskowitz
“You can have a zillion dollars in your pension account, file for bankruptcy, and keep every penny of it.”- Steve Moskowitz

Get in Touch with Steve:

Website: https://moskowitzllp.com/

Resources:

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

8 Mistakes to Avoid When Choosing an Advisor Sep 29, 2021

Show notes

What are some mistakes that you want to avoid when choosing an advisor? When choosing an advisor, there are some mistakes that could cause risks and you need to avoid them before they do so.

There are different types of advisors you should avoid working with and some things you should pay close attention to before committing with an advisor.

In this episode of the Secure Your Retirement podcast, we explain the eight mistakes you should avoid when choosing an advisor and questions to ask. We also explain why you should avoid advisors that are not fully certified to be financial advisors to avoid the risks that come with it.

In this episode, find out:

Don’t work with an advisor without a written contract.
Don’t work with an advisor that doesn’t have a permanent office to avoid fraud.
Avoid working with an insurance-only advisor since they’re not vastly knowledgeable.
Avoid working with a stock market-only advisor since they won’t handle all your retirement needs.
Don’t work with an advisor that tries to sell to you on the first appointment.
Beware of the too good to be true story.
Be aware of the commitment you’re making when you choose to do it by yourself.
Avoid picking an advisor based on their fees and instead understand what they’re offering.

Tweetable Quotes:

“The way the contract should be written is that at any point you want to fire/get away from the advisor, you’re not bound to have to stay in the contract.”- Radon Stancil
“You want to work with someone who has multiple options in all the different areas when it comes to retirement planning.”- Murs Tariq

Resources:

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

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