Secure Your Retirement

Latest Episodes:

Andy Robin - How To Have a Tapas Life Aug 23, 2021

Show notes

Are you ready to start living your tapas life after retirement? Life is diverse and interesting, and it doesn’t stop being so after you retire.

There are many different elements in life that you can engage in and continue enjoying after you retire. When planning for your retirement, a tapas life should be a big part of it if you want your life to be meaningful in your later decades.

In this episode of the Secure Your Retirement podcast, we have Andy Robin explain to us the different ways you can adopt a tapas life after your long career. Andy is the author of the Tapas Life book, which is about assembling a new, fulfilling, meaningful life after retirement.

In this episode, find out:

Andy’s life experiences that led to writing his book Tapas Life.
How to open your eyes to different life elements you can engage in after retirement.
Andy shares some of his meaningful tapas that keep his life interesting.
Taking your failures as learning experiences that make life more exciting.
Different ways you can get connected socially to improve your life after retirement.
Some passive and active ways you can stay engaged with your business brain.
Having a spousal conversation on how to reinvent yourself and your spouse after retirement.
How to maintain good health after retirement to stay independent for longer.

Tweetable Quotes:

“Open your eyes to the options that you can assemble a life that has different elements that you can participate in.”-Andy Robin
“When you keep your good health, you’re delaying the day when your loved ones have to become your caregivers.”- Andy Robin

Connect with Andy:

Website: https://www.tapaslife.com/

Facebook: https://www.facebook.com/TheTapasLife/

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.

To receive our free book, Get Off the Retirement Rollercoaster, leave a 5-star rating review on Apple Podcasts and send a screenshot to morgan@pomwealth.net.

Avoid 4 Retirement Investment and Planning Rip-Offs Aug 18, 2021

Show notes

What are some of the rip-offs you should keep an eye for when choosing an advisor to manage your retirement plan?

When looking for a suitable financial advisor for you, you should ask as many questions as you can to understand certain concerning situations.

In this episode of the Secure Your Retirement podcast, we talk about 4 retirement investment and planning rip-offs you should always avoid. Listen in to learn how to approach these 4 rip-offs by ensuring you fully understand each before you hire an advisor.

In this episode, find out:

Be wary of an advisor saying there are no fees – there are always fees involved in any transaction.
Bait-and-switch – understand that a good rate is sometimes meant to last for a certain period.
Be careful about outrageous claims on average rates on returns or an advisor’s performance.
Why you shouldn’t hold on to outdated beliefs that are no longer viable today.

Tweetable Quotes:

“Don’t hold on to old belief systems, compare and see what has changed to maybe make a certain product viable.”- Radon Stancil
“Try to understand how realistic some of these rates of return are that are being thrown at you.”- Murs Tariq

Resources:

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

To receive our free book, Get Off the Retirement Rollercoaster, leave a 5-star rating review on Apple Podcasts and send a screenshot to morgan@pomwealth.net.

Julie Herres - Potential Tax Changes Coming Aug 16, 2021

Show notes

Potential tax changes are coming, and it is important you understand what is proposed and how it might affect you.

It is advisable that you get in touch with your financial advisor to help you understand how to navigate the proposed tax changes if they were to happen today. To have a peaceful and secure retirement planning process, you have to familiarize yourself with what is expected of you when it comes to taxes.

In this episode of the Secure Your Retirement podcast, we have Julie Herres talk about the potential tax changes on different income levels. Julie is a tax expert and the owner of GreenOak Accounting, where they provide bookkeeping, accounting, CFO, and tax services.

In this episode, find out:

Understanding the progressive tax system when it comes to income.
Effective tax rate – total tax rate divided by total income.
The potential income tax rate changes especially on high-income earners.
The proposed tax change for capital gains on income over a million dollars.
The various tax proposals on property inheritance cost bases.
Why you shouldn’t over plan before and after the proposed tax changes happen.
The potential significant tax change on estate planning.
The potential social security tax rate changes for over $400k per year income earners.
Have business books as a business owner to always have the right financial data and plan.

Tweetable Quotes:

“If it happens, then we can always plan for the changes, but there’s no reason for us to over plan today if those tax changes were to take place.”- Radon Stancil
“If you have a business, you’ve got to have business books to have the right financial data.”- Julie Herres

Get In Touch with Julie:

Website: https://www.greenoakaccounting.com/

Resources:

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

To receive our free book, Get Off the Retirement Rollercoaster, leave a 5-star rating review on Apple Podcasts and send a screenshot to morgan@pomwealth.net.

Secure Your Retirement - Introducing Our New Book Aug 11, 2021

Show notes

We have a new book available - Secure Your Retirement book! Why did we write a book and what is it about?

This book is a resource to help people thinking about retirement or planning for retirement to understand what they should consider. Some of the chapters include having active money management, lifetime income, tax reductions, and much more.

In this episode of the Secure Your Retirement podcast, we discuss the different topics that you should expect in the book and how we tackle them. Listen in to learn how this book will help you understand the concept of retirement planning without losing money.

In this episode, find out:

The book’s name and its purpose in educating you on very important retirement topics.
Chapter one – why buy and hold could kill your retirement plan.
Why we encourage you to invest your money in active money management.
Chapter two – how to think of income as you are ready for retirement and when in retirement.
The topics on the rest of the chapters and the different answers they tackle.
Chapter eight – helping you understand risk tolerance.
The last chapter – how to find a financial professional you can trust.
How to get the Secure Your Retirement book on Amazon.

Tweetable Quotes:

“We believe that a good retirement financial plan is the foundation of all the decisions that you make in retirement.”- Murs Tariq

“This book is not saying this is the way to do your retirement planning, it’s giving you things you need to think about.”- Radon Stancil

Resources:

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

To receive our free book, Get Off the Retirement Rollercoaster, leave a 5-star rating review on Apple Podcasts and send a screenshot to morgan@pomwealth.net.

Social Security Strategies Aug 09, 2021

Show notes

What questions do you have about social security? It is important to keep in mind that professionals at social security are instructed not to give you any form of advice.

There are many factors to be considered when applying for social security for your retirement whether you want to do it before or after 70 years. These factors include age, sources of income, spousal benefits, and much more.

In this episode of the Secure Your Retirement podcast, we have Heather Schreiber, she’s a Retirement Income Certified Professional with 25 years of experience. She consults with and educates financial, tax and legal professionals using a holistic approach to retirement income planning.

Listen in to learn how to approach applying for social security and why you need a professional to help you navigate it.

In this episode, find out:

Factors that come into play when considering taking social security before or after 70.
Understanding that your social security is likely going to be your pension.
How sources of income affect different individuals when claiming social security early.
The benefits of a restricted application strategy and who can apply for it.
Understanding how the spousal benefits work and their starting point.
The importance of having someone help you navigate the social security aspect.
How retirement benefits for a dead spouse work and how to approach the process.
When and why a divorced spouse can file for spousal benefits from that relationship.
The different ways you can approach the social security application process.

Tweetable Quotes:

“The starting point is always regardless of when that higher wage earner files, fifty percent of the primary insurance amount.”- Heather Schreiber
“Delayed retirement benefits earned by the higher-earning spouse are inherited by the surviving spouse.”- Heather Schreiber

Resources:

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

To receive our free book, Get Off the Retirement Rollercoaster, leave a 5-star rating review on Apple Podcasts and send a screenshot to morgan@pomwealth.net.

What Happens to My Money if Something Happens to My Advisor? Aug 04, 2021

Show notes

Have you ever asked yourself what would happen to your money if something happened to your advisor? This is a common and very legitimate question to ask.

It is important to keep in mind that nothing’s going to happen to your money, whether you’re working with independent advisors like us or a larger institution. Your money is housed by a custodian and will still be there if something does happen to your current advisor.

In this episode of the Secure Your Retirement podcast, we carefully explain the scenario that would occur if your advisor were to be “hit by a bus”. We cover how teams are set up to ensure there’s a continuity plan and the decision you’ll be needed to make as the client.

In this episode, find out:

Understanding that your investment isn’t with your advisor but with a third-party custodian.
You’ll get a new advisor/team if your money is either under a large company or independent advisors.
The decision you’ll have to make whether you want to work with the new advisor/team.
How to ensure that your philosophy and values align with the new advisor.
The scenarios that happen if your advisor were to retire.

Tweetable Quotes:

“If you have multiple advisors in one office and something happens to one of them, usually the philosophy is still the same.”- Murs Tariq
“Ask your current advisor or new advisor what their continuity plan for their team is.” - Radon Stancil

Resources:

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

To receive our free book, Get Off the Retirement Rollercoaster, leave a 5-star rating review on Apple Podcasts and send a screenshot to morgan@pomwealth.net.

Holley Kelley - Aging Greatfully Into Retirement and Beyond Aug 02, 2021

Show notes

Have you thought of how your retirement is going to look like? Aging greatfully means having a plan for the financial, spiritual, personal, and entire details of your life after retirement.

When planning for an exciting, creative, and peaceful retirement, you also need to have an end-of-life plan. Planning for your end of life gives you peace and it also inspires your brand-new beginning.

In this episode of the Secure Your Retirement podcast, we have Holley Kelley talk about how she helps people plan for their life after retirement and end of life. Holley is a gerontologist, fellow in thanatology, positive aging practitioner, death planning change agent, and the founder of Latter-Life Planning Institute.

Listen in to learn how you can achieve peace by changing your retirement and end-of-life plans.

In this episode, find out:

· Understanding the meaning of gerontology and thanatology.

· How Holley got involved and comfortable in the fields of gerontology and thanatology.

· Reinspire- being inspired towards action and something exciting and creative.

· The financial things you need to consider when thinking about retirement.

· Helping people overcome the challenge of figuring out who they are without their professions.

· The 12 steps CREATED PEACE end of life planning tool kit.

· The importance of planning for the end of life to achieve peace and change your life plan.

· How to get your personal house in order, earlier to live in peace and good graces today.

· Why Holley loves helping people rediscover peace and their child-like wonder.

Tweetable Quotes:

· “We need to do what we can with what we have with where we’re at and really appreciate what we’re able to.”- Holley Kelley

· “There’s no day of the week called someday; there’s today, and so planning for the end of life is something you don’t put off until someday.”- Holley Kelley

· “There’s nothing you can’t do; it is only in your mind.”- Holley Kelley

Get in Touch with Coach Chris:

· Website: https://www.latterlifeplanninginstitute.com/

· LinkedIn: https://www.linkedin.com/in/gerontologist-holley-kelley-182377107/

Resources:

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

To receive our free book, Get Off the Retirement Rollercoaster, leave a 5-star rating review on Apple Podcasts and send a screenshot to morgan@pomwealth.net.

Tax Strategies for Non-IRA Brokerage Accounts Jul 28, 2021

Show notes

How does tax affect your non-IRA brokerage accounts? What if we told you that there’s a clean and better way for you to get tax deferral on your capital gains?

A strategy that works at a low cost and that gets rid of the annoying short-term capital gain problem. This strategy is by use of the variable annuity, which even though we have stated has more negatives than positives, in this case, is highly beneficial for your capital gains.

In this episode of the Secure Your Retirement podcast, we explain how you can get tax-deferred growth on your capital gains through a variable annuity. Listen in to learn how to smartly alleviate tax pain on your retirement plan strategy held in your non-IRA brokerage account.

In this episode, find out:

· How a brokerage (non-qualified) account is taxed by dividends or interests sitting in cash.

· Getting taxed through short-term capital gains at your ordinary income level.

· The favorable long-term capital gain in a different tax category.

· How to get tax-deferred growth on your capital gains through a variable annuity.

· The huge positive of using a variable annuity for tax deferral even with its many negatives.

Tweetable Quotes:

· “The act of selling a stock in a brokerage account, that is what is going to generate the taxable gain.”- Murs Tariq

· “If I have a significant loss, that is far worse sometimes than paying the tax.”- Radon Stancil

Resources:

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

To receive our free book, Get Off the Retirement Rollercoaster, leave a 5-star rating review on Apple Podcasts and send a screenshot to morgan@pomwealth.net.

Wine Down - Taxes, Roth Conversion, Market Correction and Inflation Jul 26, 2021

Show notes

The pandemic has significantly slowed down and things are changing. What questions relating to your retirement planning do you have?

In this episode Secure Your Retirement, we tackle some questions on the changes that might occur in the future during our Wine Down. We cover questions on potential tax changes, Roth conversion, planning for a market correction, and inflation.

Listen in to understand why you need a plan and don’t need to necessarily rush before any concrete changes happen.

In this episode, find out:

· The potential change in capital gains tax and its impact on you according to your income.

· An increase in the tax rate on high-income earners.

· Conversations on significantly lowering estate tax from the current $10 million.

· Talks on adjusting co-spaces where beneficiaries have to pay taxes on the value increase of a property.

· Why you should always look into Roth conversion, especially if you’re close to retirement.

· Understanding how to convert or contribute money into a Roth account and its advantages.

· Why you should have a plan in place for the pre-determined market correction.

· How to strategize and shift into assets that will do good in inflation.

Tweetable Quotes:

· “These are potentials, do not act on those potentials yet, let’s wait and see what they are.”- Radon Stancil

· “If you make a lot of money, then you may not have the ability to contribute to a Roth account.”- Murs Tariq

Resources:

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

To receive our free book, Get Off the Retirement Rollercoaster, leave a 5-star rating review on Apple Podcasts and send a screenshot to morgan@pomwealth.net.

What Is the Process to Move from One Advisor to Another? Jul 21, 2021

Show notes

Now that you have decided to change your advisor, how then do you move to the next one? Moving from one advisor to another is a simple paperwork process that only takes days to be completed.

You can move from one advisor to another within the same custodian, or you can move from both an advisor and a custodian at the same time.

In this episode of the Secure Your Retirement podcast, we explain the processes of moving advisors and or both advisors and custodians. We also explain why your retirement planning investment won’t change in the moving process, plus the time it will take to complete the transfer.

In this episode, find out:

Recapping episode 90- why you would want to leave your original advisor.
The simple process of transferring your account from one advisor to the next within the same custodian.
The process of transferring your account and your advisor at the same time.
The paperwork process involved when moving your account from one custodian to the other.
Understanding that your investments won’t change as you move accounts or advisors.
How it works when transferring a 401(k) to a traditional IRA.
The same process applies if you manage your own money.

Tweetable Quotes:

“The transfer process of getting the securities from one custodian to another typically takes about 7-10 business days, which is standard across the financial world.”- Murs Tariq
“You’re in control; you’re the owner of the account, so you don’t need to tell the current advisor you’re moving.”- Radon Stancil

Resources:

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

To receive our free book, Get Off the Retirement Rollercoaster, leave a 5-star rating review on Apple Podcasts and send a screenshot to morgan@pomwealth.net.

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