Retirement Playbook

The change from summer to fall always gets us talking about the change in weather so we thought we’d carry that conversation over to the podcast. Join us as we provide correlations between what we see in the weather with how we prepare our finances. Read more and get additional financial resources here: https://retirementplaybookpodcast.com/retirement-strategy/ep-26-the-financial-forecast/1344/ [https://retirementplaybookpodcast.com/retirement-strategy/ep-26-the-financial-forecast/1344/] What we discuss on this show: 2:35 – Tornadoes 5:03 – The 3 Investment Worlds 6:47 – The Jet Stream 8:42 – The Heat Index 11:10 – Black Ice 16:20 – How to prepare for your financial future.

There are plenty of financial planning strategies that have been passed down to each generation without losing effectiveness, but not everything can stand the test of time. Today we’ll identify five planning ideas that are either becoming obsolete or already hold little value anymore. Read more and get additional financial planning resources here: https://retirementplaybookpodcast.com/retirement-strategy/ep-25-obsolete-retirement-planning-ideas/1338/ [https://retirementplaybookpodcast.com/retirement-strategy/ep-25-obsolete-retirement-planning-ideas/1338/] What we discuss today: 2:54 – The 4% Rule 6:11 – The 10-5-3 Rule 9:04 – As we age, we should transition away from stocks and into bonds for safety. 10:28 – Tagging a certain number as what you’ll need for retirement. 13:59 – You’ll need less income in retirement.

Your home is one of the biggest assets in your financial portfolio and there are a lot of decisions to make related to real estate. Let’s talk about the conversations we have with clients about mortgages, rental properties, downsizing, and more. Read more and get additional financial resources here: https://retirementplaybookpodcast.com/retirement-strategy/ep-24-how-your-home-fits-into-retirement-planning/1333/ [https://retirementplaybookpodcast.com/retirement-strategy/ep-24-how-your-home-fits-into-retirement-planning/1333/] What we discus on this episode: 1:53 – Background on the conversation today 2:35 – Pay it off as soon as possible or slowly? 6:40 – Is it wise to downsize? 8:48 – Having the emotional attachment to your home. 10:24 – Good idea to have a rental property to generate income? 12:00 – Real estate as part of legacy planning

In order to build a complete financial plan that meets aligns with your goals, it takes many honest conversations with your advisor. Some of those, by nature, are going to be a little uncomfortable. Let’s look at some of the more awkward discussions we have with clients during the planning process. Read more and get additional financial resources here: https://retirementplaybookpodcast.com/retirement-strategy/ep-23-awkward-conversations-in-financial-planning/1322/ [https://retirementplaybookpodcast.com/retirement-strategy/ep-23-awkward-conversations-in-financial-planning/1322/] On today's show: 2:10 – Our topic this week is awkward conversations. 2:54 – Dealing with a divorce. 4:50 – Determining who should be included as beneficiaries. 6:41 – Sorting out an estate. 9:43 – Changing financial advisors 14:00 – Getting emotional due to financial stress.

Financial planning can be complicated at times so let’s try to simplify it a bit. Today we’ll break down the three qualities of money we utilize for a client’s portfolio and what type investments fit into each. Read more and get additional financial resources here: https://retirementplaybookpodcast.com/investing/ep-22-understanding-the-3-qualities-of-money/1321/ [https://retirementplaybookpodcast.com/investing/ep-22-understanding-the-3-qualities-of-money/1321/] On today's show: 1:37 – What are the 3 qualities of money? 4:13 – Is there an investment that can get all three? 7:22 – What defines liquidity? 7:52 – Examples of growth and liquidity without safety. 8:31 – Growth and safety without liquidity. 9:56 – Which of these do clients typically emphasize?