Podcast

Episode #33: Rules Worth Remembering

Thursday, February 21 2019

“RETIRE WITH INTEGRITY” PODCAST

The Principle:

We’ll examine a recent article outlining key guidelines for a sound retirement. Discover which of these rules are worth remembering.

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Honest Takes:

00:16 – A List Of Retirement Rules.   

  • The Motley Fool released a set of financial rules you should follow. Brian outlines which ones are worth remembering.

00:31 – You Need An Emergency Fund.  

  • It’s important to keep cash on hand. It’s also important to know how much cash to keep on hand. Many of you have too much cash, and it’s not keeping up with inflation. Inflation can be just as dangerous to your wealth as a volatile financial market.

1:47 – Know The RMD Rules.

  • You need to be aware of required minimum distributions and tax laws. You don’t want to overpay in taxes, and you don’t want to overpay simply because you forgot to think about your RMDs.

4:12 – Don’t Withdraw Your Money Too Quickly.

  • This is a polite way of urging you to be careful with your spending. Don’t buy a beach house and then consult with your advisor. Reverse those steps, and prepare for any large purchases you might be making in retirement. Put an income plan together, and discuss what you can afford in advance.

5:17 – A Case Study On A Couple In Their Fifties.

  • This couple is still working, and we asked them whether they paid attention to the volatility on Wall Street. We found they didn’t seem to be particularly concerned. Brian explains why.

6:09 – Brian Explains The Importance Of Long-Term Investing.

  • Your investing plan needs to be focused on the long-term. Don’t concern yourself with the daily ups and downs of Wall Street. Furthermore, determine how much risk you’re comfortable having in your portfolio.

Today’s Truth:

Other Virtues:

The host: Brian Bowen – Contact

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Episode #32: The Key To A Successful Retirement

Thursday, February 14 2019

“RETIRE WITH INTEGRITY” PODCAST

The Principle:

The key to having a successful retirement is proper planning. Learn the importance of being prepared, and join us for a conversation on risk.

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Honest Takes:

00:15 – The Key To A Successful Retirement Is Proper Planning.  

  • Chris Hogan is the author of the book Retire InspiredHe explains how you have to both physically and mentally prepare to retire.

1:10 – So Many People Don’t Have A Plan.  

  • So many people visit us who miss this key element of a successful retirement. They’re stressed because they don’t have a plan, and they’ve been watching their money bounce up and down in the market. Brian shares how even his children are taught the importance of planning.

2:52 – Prior Planning Prevents Poor Performance.

  • We’ve all heard the old saying “If you fail to plan, you plan to fail.” That doesn’t have to be your retirement destiny. We’re here to help you plan ahead and understand your finances.

4:42 – The Importance Of Understanding Risk.

  • Another key element of retirement planning is understanding the amount of risk in your portfolio. We’re not just referring to risk that comes from stock market exposure either. Your spending habits might be putting you at risk in retirement. Brian explains the importance of developing an income plan.

6:10 – Go Beyond Stock Market Volatility.

  • Inflation will also put your wealth at risk. If your money isn’t keeping up with inflation, you could be losing wealth over time.

6:45 – Consider Long-Term Care Costs.

  • Rising healthcare costs could pose a danger to your portfolio. You need to make sure you’ll have what you need to cover the costs of nursing home care as well as other long-term care needs.

7:12 – Work With An Advisor Who Is Easy To Understand.

  • Financial advisors love to explain $3 concepts using $7 words. Instead of further confusing you, they should be able to explain concepts in a way that’s easy for you to understand.

Today’s Truth:

Other Virtues:

The host: Brian Bowen – Contact

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Episode #31: What To Look For In An Advisor

Thursday, February 7 2019

“RETIRE WITH INTEGRITY” PODCAST

The Principle:

Picking the right advisor is a daunting task. You want to go with the right man or woman for the job. Brian outlines how to look for the right traits.

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Honest Takes:

00:15 – Brian Features A Special Guest.  

  • Kevin Green joins us on this week’s podcast. He’s a CPA who helps prepare families’ and business owners’ taxes. He also specializes in tax planning. He joins the show to offer tips on how to look for an advisor.

1:10 – Advice From Larry The Cable Guy.  

2:33 – From Humble Beginnings… 

  • Brian shares the evolution of his approach to holistic retirement planning. While he started as a broker, he’s developed a comprehensive retirement planning firm. He’s able to see how insurance products, tax strategies, Social Security withdrawals, and investment products all need to work together in your retirement plan.

3:45 – Why Tax Planning Matters.

  • So many folks work with a CPA who simply helps them to prepare their taxes. While that’s certainly important, tax planning is so much more than tax preparation.

6:10 – Go Beyond Your Tax Return .

  • Our goal is to help you save in taxes. We want to go beyond your tax return and determine what it will look like for you to lower your tax burden.

8:02 – Brian And Kevin Explain The Dangers Of Secondhand Financial Advice.

  • Be wary of water cooler financial advice. Consider the “experts” in your life and whether they’re familiar with your financial situation. Your buddy’s hot stock tip is no substitute for sound financial advice from a fiduciary advisor.

Today’s Truth:

Other Virtues:

The host: Brian Bowen – Contact

Subscribe To The “Retire With Integrity” Podcast: