Retire Smarter
Ep 48: Why Big Tech Stocks Must Underperform

Ep 48: Why Big Tech Stocks Must Underperform

May 14, 2020

The five biggest tech stocks -- Amazon, Apple, Facebook, Google, and Microsoft -- are great businesses. They've been so successful over the last decade that they comprise about 20% of the total S&P 500 market capitalization -- a level of concentration not seen since the late 1990s. They also command higher prices (valuation) than the market as a whole.

While these companies have provided outsized growth rates and returns to investors over the last decade, there is no logical reason you should expect similar outsized growth rates and returns over the coming decade. Whether it is due to the magnitude of their success, capitalism or regulation, it will be nearly impossible to repeat their growth and success moving forward.

Listen to Kevin describe a simple thought experiment illustrating why it's mathematically impossible for past to be prologue for these tech darlings. Eventually, the music will run out. Investors will again learn the lesson that price matters ... just as they learned the same at the end of the Tech Bubble.

 

Timestamps:

6:24 - Why Do Tech Stocks Get So Much Attention?

9:46 - Looking Back At Tech Stock Growth From 2010-2019

14:57 - Why Growth Will Be Much More Difficult Going Forward

25:00 - Why Prices Matter

Ep 47: Risks & Uncertainties in Pandemics & Retirement Planning

Ep 47: Risks & Uncertainties in Pandemics & Retirement Planning

April 30, 2020

Interesting parallels can be seen in modeling retirement projections and the Coronavirus pandemic. Small changes to inputs -- such as the rate of return or infection spread rates -- can have magnified effects on outputs -- such as ending wealth or total infections (and ultimately deaths), given similar exponential growth traits.

What is important to understand in both are the concepts of risk and uncertainty. Risk can be modeled. Uncertainty cannot yet must be planned for. Misunderstand either and things can quickly go wrong.

Hear Kevin discuss these two critical concepts. He also gives his opinion on why Ohio Governor Mike Dewine was prudent in the aggressive economic shut down in face of Coronavirus uncertainty. However, Ohio, and the U.S. at large, now need to transition back to economic functioning in light of Coronavirus risks being better understood, significantly less than what was initially believed, and to avoid second-order effects becoming more severe than those from the virus itself.

 

Timestamps:

3:45 - How Risk And Uncertainty Affect Investing

14:37 - What Is Non-Linear Modeling?

17:32 - An Example Of Non-Linear Modeling

21:33 - The Math And Science Of The Coronavirus

35:09 - Known Unknowns

Ep 46: Rebalancing Your Portfolio: Why, How & Complexities to Overcome

Ep 46: Rebalancing Your Portfolio: Why, How & Complexities to Overcome

April 23, 2020

Control risk? Buy low and sell high? Higher returns? Who doesn't all of these in their portfolio! And that's what portfolio rebalancing can do.

While rebalancing sounds simple in theory it quickly gets complex in practice. Hear Kevin describe rebalancing from the simple to complex and the emotional hurdles to overcome as well. Be sure you or your advisor is taking advantage of the high-probability benefits rebalancing is expected to add to your net investment returns when done right.

Have questions? Need help making sure your investments and retirement plan are on track?

Use this link to schedule a free 15-minute call with one of True Wealth's CFP® Professionals.

http://bit.ly/calltruewealth

 

Timestamps:

4:32 - What Is Rebalancing And Why Is It Important?

7:37 - Historical Data

9:47 - Problems With Rebalancing

16:43 - Examples Of Complications 

Ep 45: Retire Smarter Solution™

Ep 45: Retire Smarter Solution™

April 16, 2020

Suppose you have to have surgery. Does exploratory surgery sound like something you would volunteer to undergo? Or, does a pre-determined surgical plan sound better? If you're like me, having a plan and a repeatable process sounds less risky and what I would prefer.

The same goes for retirement. Retirement spending. Health Insurance. Social Security. Investing. Taxes. These are all key and complex areas where you need to make smart decisions for retirement. So how do you thoughtfully consider and carefully integrate them into a well-crafted retirement plan? 

Listen to Kevin describe True Wealth's Retire Smarter Solution™ that aligns your money to your goals, overlaid with tax-smart strategies, so you can retire with confidence.

If you are a DYI'er that no longer wants to perform exploratory surgery or are unsure if your current advisor is doing the same, reach out to the True Wealth Team at 855-TWD-PLAN or https://www.truewealthdesign.com/ for a free 15-minute call with an experienced CFP® professional to learn how the Retire Smarter Solution™ can help you.

 

Timestamps:

1:22 - Exploratory Surgery Is Not The Solution

4:10 - What’s The Big Picture?

5:27 - What Are You Actually Spending?

8:57 - Where Is Your Income Coming From?

9:52 - Factoring In Various Risks

11:44 - Having A Concrete Plan Alleviates Fear

15:41 - Making Sure Investments Match The Plan

16:01 - Using A Tax-Smart Distribution Strategy

Ep 44: Am I Going To Be Okay? Looking Back On A Client’s Retirement Plan Execution In Light Of The Coronavirus

Ep 44: Am I Going To Be Okay? Looking Back On A Client’s Retirement Plan Execution In Light Of The Coronavirus

April 9, 2020

Retirement planning (done right) has always been a continuous process. With the turmoil caused by the Coronavirus, prudent planning is having to be done and redone in short order. Things are changing quickly and you need to take a dynamic approach to your planning and investing to avoid dangers and capitalize on opportunities.

Hear Kevin dissect a ten-year client's dynamic retirement story. Learn why their withdrawal rate was more than twice the 4% rule of thumb and how their portfolio allocation has changed over time. And be sure to pay attention to the end to discover why their prudent planning has afforded them the luxury of taking a conservative investment approach or allows them to now be opportunistic.

Have questions? Need help making sure your investments and retirement plan are on track? 

Use this link to schedule a free 15-minute call with one of True Wealth's CFP® Professionals. 

http://bit.ly/calltruewealth

  

Timestamps:

1:16 - You Can’t Teach Experience

9:30 - Kevin Talks About Initially Meeting John And Jane

13:48 - Reducing Stock Allocation

16:47 - Appropriate Withdrawal Rate

19:47 - John And Jane In 2020

26:55 - Proving Your Worth Everyday

Ep 43: Financial Planning To-do’s During Market Declines

Ep 43: Financial Planning To-do’s During Market Declines

March 31, 2020

Hear Kevin give an update on the current state of the markets and financial planning to-do's that need to be done through the Coronavirus turmoil. Proper execution of your financial and investment plans is required in large amounts to make sure you stay on track.

It's not all bad news out there. Many opportunities are being created that you can capitalize on.

And be sure to listen to why you may want to reconsider your Roth Conversion strategy and Social Security claiming decision in light of current circumstances.

 

Get show notes and additional resources here: https://www.truewealthdesign.com/podcast/ 

 

Timestamps:

5:02 - High Quality Bond Behavior

12:06 - Considerations For Client’s Portfolios

18:13 - What Makes A Good Advisor

26:00 - How True Wealth Is Operating Currently

 

 

Ep 42: This Is Not 2008

Ep 42: This Is Not 2008

March 24, 2020

We're in a crisis ... different from 2008. The pandemic and prudent, social-distancing response is causing fear, uncertainty, and now panic in financial markets.

Listen to Kevin explain the current state of the markets and how this crisis is currently materially different from 2008. Be sure to pay attention to why -- from a financial perspective -- our country is better positioned to navigate through these troubled times by dusting off 2008's playbook, and what you need to do to keep your plan on track.

Have questions? Need help making sure your investments and retirement plan are on track? Use this link to schedule a free 15-minute call with one of our Certified Financial PlannerTM Professionals ---> http://bit.ly/calltruewealth

 

Get show notes and additional resources here: https://www.truewealthdesign.com/podcast/ 

 

Timestamps:

0:57 - Update: The Podcast Is Moving To Weekly Installments

3:41 - How Kevin & His Team Have Adapted To The Situation

8:21 - Where We Stand Now

21:20 - How The Bond Market Has Been Affected

34:11 - Keeping A Level Head With All Of The Changes

Ep 41: Coronavirus & Your Investment Strategy Part 2

Ep 41: Coronavirus & Your Investment Strategy Part 2

March 19, 2020

Timing the market sounds great, especially during times of market distress like that caused by Cornovirus (COVID-19) concerns. Who wouldn't want to participate only in the ups while avoiding the downs!? Sadly, the only way market timing will work is for you to get lucky, which is no way to invest your life savings.

Listen to Kevin describe the theoretical reasoning about why market timing does work and investigate both the academic research as well as the actual record of mutual funds that follow timing strategies. It's interesting to see how the research has been verified in practice by these funds.

Instead of falling victim to the allure of market timing, Kevin describes the current situation and prudent, processed-based response to help you tune out the noise and stay on track.

Episode 27 Investing Process: https://retiresmarter.podbean.com/e/your-investing-process-part-1/

Timestamps:

3:15 - Cluster Effect

7:58 - Different Types Of Asset Allocations

14:00 - Why Staying In The Market Long Term Is So Important Instead Of Market Timing

21:56 - Mutual Fund Evidence

25:52 - Things Are Bad Right Now, But Market Timing Isn’t The Answer

Ep 40: Coronavirus & Your Investment Strategy Part 1

Ep 40: Coronavirus & Your Investment Strategy Part 1

March 11, 2020

Shocks like the Coronavirus (COVID-19) or Russia's assault on oil prices can't be predicted. Yet, your financial life plan must be able to weather shocks and your investment strategy respond appropriately.

Investors are not only concerned about their health but are questioning what to do about their money. Listen to Kevin describe the current situation and prudent, processed-based response to help you tune out the noise and stay on track.

Timestamps:

2:45 - Kevin looks to put the past week of volatility into perspective.

8:54 - A lot of people have been reaching out recently to address their financial picture.

14:47 - Kevin is still making 401(k) contributions personally, despite the down market.

16:35 - All we tend to hear on the news is negativity.

21:25 - A look back at the health of the economy before the Coronavirus impact and what that tells us about when we get through this crisis.

Useful Info:

True Wealth Design Website: http://www.truewealthdesign.com/

Call: 855-TWD-PLAN or 855-893-7526

Ep 39: IRA Owners: 3 Key Changes By The SECURE Act

Ep 39: IRA Owners: 3 Key Changes By The SECURE Act

March 5, 2020

Congress has agreed on something! Your retirement accounts are not estate planning vehicles. (Sigh.) Provisions in the SECURE Act are now law as of 2020 and impact all IRA owners.

Listen to Kevin simplify the laws and unpack the 3 key changes. The good news is that if you're doing proper planning, you are likely less at risk than conventional media headlines and other financial advisors are reporting.

And be sure to pay listen at the end, when Kevin describes what premortem and postmortem strategies could help you and your family keep more of your hard-earned money.

Useful Info:

True Wealth Design Website: http://www.truewealthdesign.com/

Call: 855-TWD-PLAN or 855-893-7526

Ep 38: Pension Lump Sum or Monthly Payment?

Ep 38: Pension Lump Sum or Monthly Payment?

February 20, 2020

Pension lump sums are higher in 2020 than 2019. But which should you prefer? Listen to Kevin discuss how to financially evaluate the decision as well as what research shows retirees prefer.

Whether you have a pension from your company or not, you'll benefit from this episode. Why? Anyone can invest money with an insurance company and receive a lifetime income in the form of annuity payments. So these considerations are universal in crafting your retirement plan.

Company pension plans specifically discussed include Akron Children's Hospital, FirstEnergy, Goodyear, Mercy Health, and Rockwell Automation.

Useful Info:

True Wealth Design Website: http://www.truewealthdesign.com/

Call: 855-TWD-PLAN or 855-893-7526

Ep 37: The Story of Sue

Ep 37: The Story of Sue

February 6, 2020

Sue is a recent widow and has gone through significant life and money transitions. Listen to Sue's unique story and learn why her financial concerns are likely the same as yours. And be sure to listen to why Sue refused to shake hands at the end of our initial meeting and what she did instead.

Useful Info:

True Wealth Design Website: http://www.truewealthdesign.com/

Call: 855-TWD-PLAN or 855-893-7526

Ep 36: Snowbirds: Documenting Ohio Nonresidency

Ep 36: Snowbirds: Documenting Ohio Nonresidency

January 16, 2020

Avoiding Ohio income tax is key for many snowbirds. The old adage of just having to be out of Ohio for 6 months never was correct. Listen to Kevin explain the key steps in documenting your Ohio nonresidency.

Useful Info:

Request The Ohioan's Guide To Snowbirding In Florida: https://www.truewealthdesign.com/contact/

True Wealth Design Website: http://www.truewealthdesign.com/

Call: 855-TWD-PLAN or 855-893-7526

Ep 35: Snowbirds: 4 Financial Tips

Ep 35: Snowbirds: 4 Financial Tips

January 2, 2020

It's that time of year again. The northern states are filled with grey skies and cold, wind, and snow. If you're thinking of heading south for the winter, here are four key considerations to making your snowbird experience a success.

Useful Info:

10 Best Retirement Cities Episode: https://retiresmarter.podbean.com/e/top-10-best-retirement-cities/

Request The Ohioan's Guide To Snowbirding In Florida: https://www.truewealthdesign.com/contact/

True Wealth Design Website: http://www.truewealthdesign.com/

Call: 855-TWD-PLAN or 855-893-7526

Ep 34: Case Study: Tax-Smart Distribution Planning

Ep 34: Case Study: Tax-Smart Distribution Planning

December 19, 2019

Things in life and planning aren't necessarily cut and dry. You may take several paths to reach your destination. But which one may be best? Listen to Kevin discuss a retirement situation where several strategic paths existing and how he and his team came to the preferred path in creating an integrated, tax-smart distribution plan.

Useful Info:

True Wealth Design Website: http://www.truewealthdesign.com/

Call: 855-TWD-PLAN or 855-893-7526

Ep 33: Tax-Planning Framework

Ep 33: Tax-Planning Framework

December 5, 2019

It's common to see articles or to-do lists for year-end tax planning. But these often lack substance and fail to answer why a strategy may or may not make sense for you. Listen to Kevin describe a simplified framework to understand your tax situation and then how to thoughtfully consider what tax-smart strategies make sense for you.

Useful Info:

Randall Munroe's "What If" Book: https://www.amazon.com/What-Scientific-Hypothetical-Questions-International/dp/0544456866

True Wealth Design Website: http://www.truewealthdesign.com/

Call: 855-TWD-PLAN or 855-893-7526

Ep 32: Top 10 Best Retirement Cities

Ep 32: Top 10 Best Retirement Cities

November 21, 2019

We want it all in life and for our retirement. We want the city where we live to have it too -- affordability, a plethora of activities, fantastic quality of life, and great healthcare. Learn the 10 best cities as ranked by Wallethub and what makes them great. Some may even surprise you. Tune in and start envisioning where you want to be in retirement and plan for how to get there.

Useful Info:

Wallethub Article: https://wallethub.com/edu/best-places-to-retire/6165/?fbclid=IwAR2ZvsUK1mW06MMlHootGpCS_2QJGllrLSgaa6NDKVlKdBoQNjBEIRiI31Y

True Wealth Design Website: http://www.truewealthdesign.com/

Call: 855-TWD-PLAN or 855-893-7526

Ep 31: The Details In A Tax-Smart Retirement Distribution Plan

Ep 31: The Details In A Tax-Smart Retirement Distribution Plan

November 7, 2019

You made it to retirement and seem to have enough. Now how do you go about recreating your paycheck and distributing money from your savings and investments and to do so in a tax-smart way. How do you do it? Listen to Kevin describe the process True Wealth goes through to make sure these important distribution details are handled to help you stay on your retirement track and pay no more than your fair share in tax.

Useful Info:

True Wealth Design Website: http://www.truewealthdesign.com/

Call: 855-TWD-PLAN or 855-893-7526

Ep 30: Your Investing Process - Part 4

Ep 30: Your Investing Process - Part 4

October 17, 2019

While your asset allocation recipe is the most important portfolio decision, we still want good ingredients. Listen to Kevin explain the broad differences in active and passive (indexed) ingredients, the evidence behind each, and some exceptions to where an indexing approach may not work as well.

Useful Info:

True Wealth Design Website: http://www.truewealthdesign.com/

Call: 855-TWD-PLAN or 855-893-7526

Ep 29: Your Investing Process - Part 3

Ep 29: Your Investing Process - Part 3

October 3, 2019

Your asset allocation recipe is the most important portfolio decision, and there are a few different flavors of asset allocation. Listen to Kevin describe the differences and what the evidence shows works best.

Useful Info:

True Wealth Design Website: http://www.truewealthdesign.com/

Call: 855-TWD-PLAN or 855-893-7526

Ep 28: Your Investing Process - Part 2

Ep 28: Your Investing Process - Part 2

September 19, 2019

Now that you understand the basic building blocks of an investing process, listen to Kevin explain what key factors investing science has shown to drive stock and bond returns over time and which to favor to build a better portfolio. Kevin also explains a recent phenomenon in stock prices that is reminiscent of the late 1990s Tech Bubble as it relates to one of the key factors that drive stock returns.

Useful Info:

True Wealth Design Website: http://www.truewealthdesign.com/

Call: 855-TWD-PLAN or 855-893-7526

Ep 27: Your Investing Process - Part 1

Ep 27: Your Investing Process - Part 1

September 5, 2019

Do you have an investment process? Most people don't understand their advisor's process (if they have one). Yet, in investing, you cannot control your investment results, but you can control your process, which should lead to better results over time. Listen to Kevin give you a high level of a science-based investing process you can understand without having to get a graduate degree in Finance.

For related content, click here to listen to Episode 14 on Expected Investment Return Forecasts.

Useful Info:

True Wealth Design Website: http://www.truewealthdesign.com/

Call: 855-TWD-PLAN or 855-893-7526

Ep 26: Mortgage Management

Ep 26: Mortgage Management

August 15, 2019

Most financial people only focus on your assets. Listen to Kevin share four examples of clients where better incorporating a holistic view of their finances -- assets and liabilities included -- made a significant financial improvements in each of their lives.

For more about True Wealth Design, visit: http://www.truewealthdesign.com/

Ep 25: Death Of The Stretch IRA

Ep 25: Death Of The Stretch IRA

August 1, 2019

Believe it or not Congress actually agrees on something ... that your beneficiaries shouldn't be allowed to stretch IRA required distributions over their lifetime. Listen in to hear Kevin talk about this likely law change is an issue, who is mostly affected (hint: larger IRA owners), and what to do about it.

For more about True Wealth Design, visit: http://www.truewealthdesign.com/

Ep 24: Reasons to Invest Internationally

Ep 24: Reasons to Invest Internationally

July 18, 2019

How much money do you have in international investments? How much should you have? Listen to Kevin discuss what the science of investing says and why you are likely underallocated to international markets. And be sure to listen to the end where he shares a story of a recent conversation with a new client related to international investing.

For more about True Wealth Design, visit: http://www.truewealthdesign.com/

Ep 23: What Is Financial Life Planning?

Ep 23: What Is Financial Life Planning?

July 3, 2019

Financial life planning is being purposeful in continually moving your life in the direction you desire and then matching your finances to support it. Said another way, it is financial planning done right. Listen to Kevin share a story of a client evaluate trade-offs and find a work-life balance that is better for them. He also shares a story of how he and his wife made big life changes after their first child was born ... changes that would require Kevin to work several more years before they will reach financial independence. Whether you are in the heart of your working years or at retirement, this is one episode you won't want to miss.

For more about True Wealth Design, visit: http://www.truewealthdesign.com/

Ep 22: Will Social Security Be There For Me?

Ep 22: Will Social Security Be There For Me?

June 20, 2019

Social Security’s future solvency is a regular discussion point when considering your retirement planning. Simply put: can you rely on receiving what is shown on your Social Security statement? Tune in to hear the latest nuggets from the 2019 Social Security Trustee’s report – he read it so you don’t have to – and what Kevin believes to be the most likely reforms.

For more about True Wealth Design, visit: http://www.truewealthdesign.com/

Ep 21: The Story of Jane

Ep 21: The Story of Jane

June 6, 2019

Jane is in her mid 60s. She recently inherited money from her father and is soon to be getting remarried. She had two advisors – her own and now dad’s advisor – but didn’t have the clarity and confidence she felt she needed around her money and these big life transitions. Listen to Kevin share her story as she considered what she really wanted from a relationship with an advisor and wrestled with whether she had the type of financial situation to justify paying an advisor for help.

For more about True Wealth Design, visit: http://www.truewealthdesign.com/

Ep 20: Are Guarantees Worth It? Retirement Income Planning Series - Part 5

Ep 20: Are Guarantees Worth It? Retirement Income Planning Series - Part 5

May 16, 2019

When choosing investment vehicles, for many people the most important factor is the guarantee that they'll receive a certain amount of income across their lifetime. But what exactly will that guarantee cost you? We'll find out on the fifth and final episode in the Retirement Income Planning Series.

For more about True Wealth Design, visit: http://www.truewealthdesign.com/

Ep 19: Dynamic Strategy: Retirement Income Planning Series - Part 4

Ep 19: Dynamic Strategy: Retirement Income Planning Series - Part 4

May 2, 2019

When building a financial plan that's based around investing, it's important to take into account a handful of dynamic elements that will likely vary quite a bit throughout your retirement. Tune in to our fourth installment of the series to hear how you can organize your plan around dynamic market expectations, dynamic allocations, and dynamic spending.

For more about True Wealth Design, visit: http://www.truewealthdesign.com/

Ep 18: Total Return Portfolio: Retirement Income Planning Series - Part 3

Ep 18: Total Return Portfolio: Retirement Income Planning Series - Part 3

April 18, 2019

If you're taking a probability-based approach to investing as we discussed in the first part of this series, you'll need to build a strategy for how to most efficiently invest your savings to provide an income throughout retirement. That's where the Total Return Portfolio comes into play.

For more about True Wealth Design, visit: http://www.truewealthdesign.com/

Ep 17: Bad-Timing Risk: Retirement Income Planning Series - Part 2

Ep 17: Bad-Timing Risk: Retirement Income Planning Series - Part 2

April 4, 2019

We continue on with the series by discussing a lesser known type of risk called bad-timing risk. What happens when you retire into a bad period in the market? How can a few years of negative returns affect the outcome of your retirement?

For more about True Wealth Design, visit: http://www.truewealthdesign.com/

Ep 16: Retirement Income Planning Series - Part 1

Ep 16: Retirement Income Planning Series - Part 1

March 21, 2019

For many people, one of the biggest fears going into retirement is where money will come from when you're no longer receiving a paycheck. That's why creating a retirement income plan is so essential. Join us as we go over the basic strategies for building a retirement income plan on this first episode of the new series.

For more about True Wealth Design, visit: http://www.truewealthdesign.com/

Ep 15: Integrated Advice Is Better Advice

Ep 15: Integrated Advice Is Better Advice

March 7, 2019

When it comes to building a holistic retirement plan, all of the individual pieces should be working together harmoniously, whether that's planning, investing, or taxes. Let's talk about why integrated advice is often hard to come by, and why it's crucial to building a successful retirement plan.

For more about True Wealth Design, visit: http://www.truewealthdesign.com/

Ep 14: Long-Term Return Expectations

Ep 14: Long-Term Return Expectations

February 21, 2019

You've likely heard that making short-term predictions about the market is just about impossible, but what about long-term predictions? Can experts accurately anticipate what will happen over the next 10 years? Kevin discusses a recent Morningstar article by Christine Benz about what you can take away from long-term stock and bond return predictions.

For more about True Wealth Design, visit: http://www.truewealthdesign.com/

Ep 13: Beating Up On Variable Annuities

Ep 13: Beating Up On Variable Annuities

February 7, 2019

If you listened to Episode #12, you heard the rundown on just about every type of annuity except the variable annuity. So what exactly is involved in a variable annuity, and why is it almost like a four-letter word to so many in the retirement community? Kevin will give you the details on what these annuities do, what you should look out for, and if there ever truly is a reason you would want to invest in one.

For more about True Wealth Design, visit: http://www.truewealthdesign.com/

Ep 12: Behind The Curtain Of Annuities And Free Steak Dinners

Ep 12: Behind The Curtain Of Annuities And Free Steak Dinners

January 17, 2019

Have you ever received an invitation to attend a steak dinner seminar event to learn about a financial product? Were you pitched an annuity? This is a popular phenomenon in the financial advising world and it's one that drives Kevin a little crazy. Join us on this episode as we take a peek behind the annuity curtain and talk about what's really happening at these free steak dinners.

For more about True Wealth Design, visit: http://www.truewealthdesign.com/

Ep 11: Not Resolutions - Set Goals The Right Way To Start The New Year

Ep 11: Not Resolutions - Set Goals The Right Way To Start The New Year

January 3, 2019

People struggle to keep their New Year's Resolutions. Instead, let's talk about what real goal setting looks like. Kevin will share some tips he's picked up from various coaches over the years that have proved fruitful in his own life and talk about how you can apply them going into the new year.

For more about True Wealth Design, visit: http://www.truewealthdesign.com/

Ep 10: Rules Gone Awry - A Lower Tax Bracket Part 2

Ep 10: Rules Gone Awry - A Lower Tax Bracket Part 2

December 20, 2018

Time for part 2 of our conversation on the retirement rule gone awry that you'll be in a lower tax bracket at retirement. On this episode, we'll showcase a scenario where following this rule really puts you off track.

For more about True Wealth Design, visit: http://www.truewealthdesign.com/

Ep 9: Rules Gone Awry - A Lower Tax Bracket Part 1

Ep 9: Rules Gone Awry - A Lower Tax Bracket Part 1

December 6, 2018

Let's continue our series on breaking down some of the retirement "rules" that have gone awry. This week, we'll begin a two-part series on the retirement rule that you should plan to be in a lower tax bracket in retirement. Is that really true? Listen to this week's podcast to find out.

For more about True Wealth Design, visit: http://www.truewealthdesign.com/

Ep 8: Exorbitant Health Care Costs

Ep 8: Exorbitant Health Care Costs

November 15, 2018

In this episode, Kevin turns the tables on a handful of common misconceptions about health care costs in retirement. Find out the truth about what health coverage and long-term care actually might cost and how you can factor them into your overall retirement plan.

For more about True Wealth Design, visit: http://www.truewealthdesign.com/

Ep 7: Rules Gone Awry - The 4 Percent Rule

Ep 7: Rules Gone Awry - The 4 Percent Rule

November 1, 2018

You've perhaps heard the 4 percent rule, that if you take 4% out of your investment account each year, you'll never outlive your money. Kevin talks about where this idea came from, and pokes some holes in this strategy in this third installment of Rules Gone Awry.

For more about True Wealth Design, visit: http://www.truewealthdesign.com/

Ep 6: Rules Gone Awry - The Rule Of 100

Ep 6: Rules Gone Awry - The Rule Of 100

October 18, 2018

There's a "rule" that says you should take 100, subtract your age, and the result tells you how much of your money you should invest in stocks. It would be awesome if retirement planning was that simple, but simple isn't always effective and that's the problem with the Rule of 100. Take a listen to find out about better ways to invest and plan for your financial future.

For more about True Wealth Design, visit: http://www.truewealthdesign.com/

Ep 5: Rules Gone Awry - Take Social Security Early

Ep 5: Rules Gone Awry - Take Social Security Early

October 4, 2018

There's an old school of thought that says you should take social security as early as you can so that you can get the most out of it. But this is another one of those retirement rules gone awry that we enjoy picking apart on the podcast. Kevin will tell us why this retirement "rule" needs to be scraped and give us the proper lens through which to view the social security problem.

For more about True Wealth Design, visit: http://www.truewealthdesign.com/

Ep 4: The Wisdom In Ignoring The 80% Rule

Ep 4: The Wisdom In Ignoring The 80% Rule

September 20, 2018

Walter was being nosy recently and asking his mom about her retirement plans. When she told him she was planning on living off of 80% of her current income during her retirement years, it raised a red flag. How did she come to that figure? You guessed it, she didn't really have an exact answer for why she picked that number. So Walter turns to Kevin on this week's podcast to understand how that "80% Rule" worked its way into the retirement planning vernacular and why we'd all be wiser to ignore it.

For more about True Wealth Design, visit: http://www.truewealthdesign.com/

Ep 3: Quit Obsessing Over A “Stress-Free” Retirement

Ep 3: Quit Obsessing Over A “Stress-Free” Retirement

September 6, 2018

There is a lot of obsessing over creating a stress-free experience in retirement. But life doesn't really work that way. We can still experience happiness and joy in retirement, even if there's still a few stressful moments along the way. Don't buy into another one of those retirement rules gone awry, that a truly stress-free retirement is attainable. Kevin will show us how to root your financial plan in realistic terms.

For more about True Wealth Design, visit: http://www.truewealthdesign.com/

Ep 2: Details vs. Relationships

Ep 2: Details vs. Relationships

August 16, 2018

Unfortunately, many financial advisors fall into one camp or another. They're either a great relationship person or they're extremely focused on planning details. Kevin will tell us about a couple who called him recently after experiencing one of those scenarios and how it cost them a lot of money. Listen to this episode of "Retire Smarter" to find out why you should work with an advisor who respects the unique details of your situation, while also developing a strong working relationship with you. Only having both will lead to clarity and confidence in your decision making about your financial future.

For more about True Wealth Design, visit: http://www.truewealthdesign.com/

Ep 1: Be Realistic About Your Retirement

Ep 1: Be Realistic About Your Retirement

July 17, 2018

We often have a lot of unrealistic expectations about retirement. And there’s nothing wrong with that if we reel ourselves back toward reality before making major decisions. Let’s talk about some of the ways our retirement expectations get out of whack and what more realistic scenarios should look like.

 

For more about True Wealth Design, visit: http://www.truewealthdesign.com/