Secure Your Retirement

Latest Episodes:

Andrew Opdyke -The Economy - 2nd Quarter Update 2021 Jul 19, 2021

Show notes

The 1^st quarter of the year saw tremendous economic growth, but will the 2^nd quarter continue the trend?

The economy has broadened in the past few months due to downtown representation and employment acceleration factors. But we still have higher demand than supply, inflation costs, and interest rates concerns.

In this episode of the Secure Your Retirement podcast, we have Andrew Opdyke, a Certified Financial Advisor, Economist at First Trust Advisor. Listen to Andrew as he explains how economic growth, employment, and inflation in the 2^nd quarter will influence the federal government’s monetary policies decisions.

In this episode, find out:

· The broadening up of the economy due to downtown representation.

· The impact of employment acceleration in the 1^st and 2^nd quarters on the economy.

· How the 2^nd quarter economic growth will impact the rest of 2021 and the beginning of 2022.

· How demand is outshining supply which is pushing off growth that could be happening now.

· How the supply and demand mismatch factor is pushing inflation costs higher.

· Why employment stability could lead to inflation costs increase in the long term.

· Why the small and mid-sized companies will outperform due to global reopening.

· Why monetary policies are going to remain accommodative unit around 2023.

· Andrew’s personal economic predictions for the rest of 2021 and maybe early 2022.

Tweetable Quotes:

“The second half from an economic growth perspective has got a lot of fundamental tailwind behind it that will set to continue through the end of the year and into 2022.”- Andrew Opdyke
“The supply chain is still healing, it’s still fixing.”- Andrew Opdyke

Important Links:

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

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.

How Do I Break Up with My Current Advisor? Jul 14, 2021

Show notes

Do you want to break up with your advisor, but you have no idea how to approach it? Breaking up with your advisor is not unusual, and there are different reasons why it can happen.

It is important to keep in mind that no matter how long the relationship with your advisor has lasted, it is your money, and you have the right to do what is right.

In this episode of the Secure Your Retirement podcast, we talk about the reasons why you may want to break up with your advisor and what to look for in the next one. We cover the importance of involving a holistic advisor to help you manage your retirement plan.

In this episode, find out:

The importance of doing what’s right for you and being comfortable with your advisor.
How life changes can drive you to want to change your advisor.
The advisor may change their philosophy to what doesn’t align with you.
A few more reasons why you may want to break up with your advisor.
How to look for an advisor who is a good communicator.
Look for a specialist advisor when you’re nearing retirement.
Ensure that you and the advisor have a good mesh of personality.
Find an advisor whose opinions align with your investment goals.
Why you should find a holistic advisor who helps you with more than just a financial plan.
How to make the process of breaking up very simple without overexplaining.
Why you don’t need to communicate with your advisor before breaking up with them.

Tweetable Quotes:

“If your advisor isn’t going to adapt to your life changes, maybe it’s time to find another advisor.”- Murs Tariq
“If you’re close to or in retirement, you should work with somebody who focuses on that as a part of their practice.”- 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.

Renee Hillman – Buying and Selling Real Estate in a Hot Market Jul 12, 2021

Show notes

Do you have a plan to buy or sell a property in a hot market? Understandably, that you may want to invest in real estate in a hot market as part of your retirement planning or sell to invest elsewhere.

When consulting a realtor or a listing agent, you need to get clear with your needs to set the expectations and get through the process.

In this episode of the Secure Your Retirement podcast, we have Renee Hillman talk about what it takes to buy or sell a property in a hot market like Raleigh. Renee is a real estate broker/realtor out of Raleigh and enjoys helping people find their dream homes.

Listen in to understand the meaning of due diligence and how it applies in a hot real estate market.

In this episode, find out:

The state of the real estate market today for both buyers and sellers.
The low inventory and high pressure on the real estate market in Raleigh.
The benefits of having a well-fixed and maintained house to have a competitive advantage.
How realtors are educating both buyers and sellers where the current market stands.
Why due diligence has become important in Raleigh’s real estate market.
Understanding the property listing and appraisal in today’s market.
Why you should first contact a local real estate expert to understand your market.

Tweetable Quotes:

“Due diligence is the money seller gets to keep should you ever back out of the deal for any reason whatsoever.”
“A listing agent isn’t able to disclose any terms on an offer.”

Get in Touch with Coach Chris:

Website: https://hregsells.com/
LinkedIn: https://www.linkedin.com/in/reneesells/

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.

Having A Team Approach in Retirement Jul 07, 2021

Show notes

What should you have on your retirement planning team?

We believe that your retirement planning should be a team environment to give you that peace of mind that you want. A financial plan is crucial for your retirement plan, but in addition, there are other things that you need to be in place.

In this episode of the Secure Your Retirement podcast, we cover why you need to have a team approach when it comes to your retirement planning. We also cover the difference between a holistic financial advisor and a money manager, plus what goes beyond your retirement financial plan.

In this episode, find out:

Understanding how it’s like delegating your retirement plan to advisors (money managers).
The difference between a ‘money manager’ advisor and a holistic financial advisor.
The importance of having a retirement financial plan.
Why you should have a tax advisor plus how we handle that aspect.
The importance of estate planning for your beneficiaries and how we handle it.
How we handle social security for our clients.

Tweetable Quotes:

“Whether you’re working with a money manager or a holistic approach type of financial advisor, there are pros and cons to everything.”- Murs Tariq
“The foundation of the financial side is having a comprehensive retirement financial plan.”- 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.

Scott Oots – How to Buy a Rental Property Jul 05, 2021

Show notes

Have you been thinking of owning a rental home as part of your retirement plan? What is the best way to buy a rental property with a positive income and that can be affordably managed?

When buying a rental property, you want to buy a property that will start making money for you without having to wait for years. Purchasing an off-market rental property will allow you to start making positive income right away and afford property management.

In this episode of the Secure Your Retirement podcast, we invited Scott Oots to talk about the value of the off-market rental property business as part of your retirement planning. Scott Oots is an entrepreneur who owns multiple businesses mainly focused on the area of real estate investing.

In this episode, find out:

Scott on how he started in the business of rental properties.
Understanding the current real estate market and what could possibly happen in the future.
The best way to purchase a cash-flowing rental property and avoid waiting to start seeing ROI.
The value of buying an off-market property versus buying an on-market property.
The payment options available for most off-market properties.
Understanding ‘hard money’ and why it is the better option when buying off-market rental properties.
The process of property due diligence that Scott uses with his clients.
Scott on how his team does marketing and customer service to connect with sellers and buyers.

Tweetable Quotes:

“There’s a lot of positives coming with buying an off-market property vs. looking at buying an on-market.”- Scott Oots
“There’s no point in buying a house if you’re buying it already rehabbed and you’re paying 110 percent of market value.”- Scott Oots
“We are a relationship business; we want them to keep coming back over and over again.”- Scott Oots

Get in Touch with Coach Chris:

Facebook: https://www.facebook.com/thescottoots/
Instagram: https://www.instagram.com/thescottoots/

Resources:

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

Life Insurance in Retirement Jun 30, 2021

Show notes

Do you need life insurance in retirement or not? What type of life insurance would best suit you?

Whatever your stance is regarding whether or not you need life insurance, this episode will help you understand even more. There are different types of insurance and each one is meant to serve different purposes in your retirement plan.

In this episode of the Secure Your Retirement podcast, we cover three types of life insurance; term, whole life, and universal, and the benefits of each. We break down universal life into variable and index and explain how to calculate interest for each.

In this episode, find out:

The three types of life insurance.
Understanding term life insurance and the reasons why you may consider it
The whole life or universal life insurance and why it’s no longer popular
How to do legacy planning with whole life or universal life
How to create a cash value policy with whole life or universal life
The difference between whole life and a universal life insurance
How to calculate a variable and index universal life insurance
Understanding how index annuity in life insurance looks like and why you should consider it

Tweetable Quotes:

“When you’re buying term insurance, it is for a period of time, so you need to think what that risk is that you want to cover.”- Murs Tariq
“You can get a higher amount of money from your pension if you take the pension just based on your individual life.” - 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 – 5 Common Retirement Questions Jun 28, 2021

Show notes

Do you have a burning retirement question that you’d like to know the answer to?

In this episode Secure Your Retirement, we tackle five questions that we frequently get asked by clients or listeners just like you. We cover questions on the ongoing inflation, tax in retirement, and even on life insurance.

Listen in to learn what you need to be planning for when it comes to retirement planning and what you should give a second thought.

In this episode, find out:

How to plan for inflation and have an investment strategy that allows you to be flexible.
The different things you can do to stay proactive with tax in retirement.
Why you should a hundred percent consider a Roth.
Consider your why to understand whether your life insurance should go into retirement.
Plan and take your Required Minimum Distributions (RMD) by the end of 2021.

Tweetable Quotes:

“Retirement and financial planning are the foundation of every decision that you are making.”- Murs Tariq
“A Roth needs to be in your plan every single year because it might be that you can do the conversion without paying much 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.

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