Stay Wealthy Retirement Podcast

Latest Episodes:

These 3 Social Security Changes in 2020 Don't Just Affect Retirees Oct 15, 2019

Show notes

There are roughly 69 million Social Security beneficiaries in the U.S.

And these beneficiaries will be witnessing a few changes to their Social Security benefits in 2020.

But some working professionals who aren't even close to claiming Social Security benefits will also be experiencing a change.

In today's episode, I'm sharing three important changes to Social Security in 2020, including a change that will trigger a tax increase for many younger people still working.

I'm also sharing some free tools and calculators you can use to gain more clarity around your financial situation as you approach retirement.

Show Notes & Links: www.youstaywealthy.com/55

DISCLAIMER: This podcast is for informational and entertainment purposes only and should not be relied upon as a basis for investment decisions. This podcast is not engaged in rendering legal, financial, or other professional services.

ETFs Rule, Mutual Funds Drool with Ryan Kirlin Oct 01, 2019

Show notes

Without question, you have heard of Exchange Traded Funds, also commonly referred to as ETFs.

It's a complex topic so I brought in the best person I know to help us break it down, in plain English.

Ryan Kirlin is the Head of Capital Markets for Alpha Architect. He's also a national-caliber rowing athlete and his claim to fame is having been tested at a resting heart rate of 38 while on the U.S. team for rowing. It was the second-lowest resting heart rate recorded by the US team doctors in 40 years!

Today, with Ryan's help, we'll dig into:

What exactly an ETF is
How ETFs are different from a mutual fund
The tax benefits of an ETF versus a mutual fund
Why their popularity won't be slowing down any time soon

Show Notes & Links: www.youstaywealthy.com/54

What is a Target Date Fund and Should you Invest in One for Retirement? Sep 17, 2019

Show notes

If you are investing for retirement, you've probably come across target-date mutual funds. You may even be investing in one in your 401K and not realize it.

So, you're likely wondering what they are and why they are so popular.

The thing is, target-date mutual funds are just like other mutual funds - some are conservative and others are risky.

The trick is making sure they are balanced well when you're most vulnerable.

So, who has the right mix for you? And are they the right strategy for your plans?

Today, we'll discuss four things to help you decide if target-date mutual funds are the right investment for your retirement dollars and how to know if you've got one that matches your goals.

What a target-date fund is (and why they are so popular)
The different types of target-date funds and how to tell the difference
Why some are more expensive than others and what that means
What you should look for to determine if they are right for your retirement goals

http://www.youstaywealthy.com/53

How George Kinder Revolutionized the Financial Advice Business Sep 03, 2019

Show notes

The founder of the Kinder Institute of Life Planning, George Kinder, joins us on the show today to talk about his passion – helping you find your life's purpose and aligning your financial goals to it.

In today's episode, you will learn:

Why life planning puts the financial planning process in the client's hands (and why it should be this way)
How life planning creates a trusted and authentic relationship between the client and the financial advisor
Why advisors should know your life's meaning to invest your money properly

Download George Kinder's Three Questions using the link below to help find meaning in your financial goals. Then join us as we explore how it works and why it should be part of everyone's financial planning.

Show Notes & Links: www.youstaywealthy.com/52

Yield Inversions, Recession Worries, RMD Timing, and More! Aug 20, 2019

Show notes

The economy has some of you worried right now, and for good reason.

The interest rate environment is different from years' past, the Dow Jones lost 800 points recently, and the yield curve inverted last week.

So, what does all of this mean for you and your investments?

And should you be concerned about a recession?

Today, we'll tackle questions from our listeners to determine if your financial plan has the components to keep you on the right track during difficult times.

Join us today as we discuss:

Recent market volatility
The yield curve inversion
Right time of year to take required minimum distributions
If buying extra insurance through your employer makes sense

Show Notes & Links: www.youstaywealthy.com/51

Everything You Ought to Know About Donor-Advised Funds Aug 06, 2019

Show notes

Due to recent tax reform, only 10% of Americans itemized their deductions in 2018 compared to 30% in 2017.

This has significantly impacted the tax benefits of charitable giving. Or has it?

In today's episode, I'm discussing:

Exactly what a Donor-Advised Fund is in its simplest form
Who is the right fit for using a Donor-Advised Fund
If you are a potential candidate, what the absolute best strategy is for funding one
Where to open a Donor-Advised Fund + a handful of really important things to look out for

Show Notes & Links: https://youstaywealthy.com/50

How to Declutter and Prepare to Downsize Your Home in Retirement with Jen Robin Jul 23, 2019

Show notes

If retirement is around the corner, it's likely you've considered downsizing your home.

Whether it's for a move to a smaller space or to finally clean out all that stuff you've accumulated over the years, downsizing can be a stressful prospect.

There is so much to do. And what if you and your spouse don't agree on what to purge and what to keep?

It's enough to make anyone's head spin.

Today we'll talk with professional organizer Jen Robin, owner of Life in Jeneral.

For Jen, downsizing is more than purging stuff. It's creating a system for your life so you are surrounded by the things you need, want, and love.

If you've always imagined a simpler, more joyful space for your retirement years, then today's episode is for you. We'll learn:

The value of downsizing to create a more meaningful space
How to organize your home and downsize your life in preparation for retirement
Steps to take if one spouse isn't into the process
Specific solutions for hanging onto keepsakes
How downsizing can fit into your financial plan

Don't spend your retirement organizing and purging. Start now so you spend your "second life" doing what you love.

Show Notes & Links: www.youstaywealthy.com/49

Five Wishes: America's Most Popular Living Will with Paul Malley Jul 09, 2019

Show notes

Advanced care planning is not a fun topic to bring up at the dinner table, but what happens if you get seriously ill or injured and can't speak for yourself?

Do you have someone you trust to speak on your behalf who can easily represent your wishes? Or would your hospital room be fraught with conflict and arguments?

Today, Paul Malley, President of Aging with Dignity, joins us to talk about Five Wishes, a personal guide that encourages people to discuss difficult topics with loved ones and write end of life wishes in your own words.

And while it addresses medical care and treatment, its true gift is that it includes your personal, emotional, and spiritual wishes.

It's also a legal document in almost every state.

Join us as Paul and I talk about:

What Five Wishes is and how it goes beyond a living will or advanced medical directive
How Five Wishes can work with other estate planning documents you might already have
How it fits into your financial plan

Leaving your legacy for your loved ones is the natural next step in your financial planning process and can give you peace of mind during life's worst situations. Don't miss this one.

Show Notes & Links: https://youstaywealthy.com/48

How to Invest for a 30+ Year Retirement with Ashby Daniels, CFP® Jun 25, 2019

Show notes

Retirement planning expert, Ashby Daniels, CFP® joins us on the show today to talk about how to properly plan and invest for a 30+ year retirement.

In today's episode you are going to learn three things:

Why living longer shouldn't necessarily be considered a risk to your retirement
How inflation impacts your retirement nest egg and how to factor it into your retirement plan so you don't run out of money
A specific investment strategy that can be used to address some of the common challenges that many retirees are facing today

For all the links and resources mentioned in this episode, visit www.youstaywealthy.com/47

Home & Auto Insurance: How to Maximize Your Policies and Save Money Jun 11, 2019

Show notes

Homeowners insurance is more than just another bill the mortgage company makes us pay every year.

It's the price we pay for peace of mind if our property is damaged in a fire or destroyed by a natural disaster.

Unfortunately, homeowners insurance isn't cheap. And if you don't take steps to mitigate the cost of this coverage, you could wind up paying A LOT more than you need to.

Auto insurance isn't any different. It's costly but wildly important.

The good news is you have more control over your policy than you might think. A few tweaks can save you hundreds of dollars per year and, more importantly, provide you and your family with more protection.

In today's episode, I'm going to share three things:

How to optimize your policies by improving your coverage and reducing your costs
Common pitfalls and how to avoid them
Where to shop for insurance to make sure you are getting the best deal without putting yourself at risk

Listen to today's podcast episode to learn more!

Show Notes & Links: www.youstaywealthy.com/46

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