The Retirement Risk Show

Taxes--a topic many people don't give much thought to when retirement planning. But you have to plan for tax rate risk when you are piecing together your retirement portfolio and plan.  If not, your retirement is bound to be impacted by what experts predict to be double what tax rates are now. Instead of paying the lower taxes of today, you could be paying more on your hard-earned and saved m...

Longevity Risk: Is this episode Dave is talking about 5 things you can do today to help yourself better navigate the longevity your retirement may face. #1 Maximize your social security #2 Include annuities in your retirement #3 Take care of your mind and body #4  Solve for a long-term care event #5  Pay off debt prior to retirement Remember we are living longer If I was to reach out and ask 100 o...

Paul Obendorf a Partner of Retirement Risk Advisors joins Dave on this weeks podcast to discuss the tools needed for retirement.  They break down retirement planning and the difference between your traditional accumulation planning, 3 things to look out for in retirement and all about Annuities and if they are good to have in your portfolio. There's many things that can impact your retirement...

With the biggest fear for retirement being the fear of running out of money, the old traditional paradigm of retirement planning exposes more retirees to financial risk than ever before. A new, risk-based approach is what will make your retirement money last! And this week Dave Hall interviews professionals within the FIG network at the FIG Annual Sales Symposium about strategies, vehicles, and pr...

Taking the reins of this week's show, Dave discusses the biggest fear of retirees: running out of money in retirement and still having years of retirement left. With 68% of retirees reporting that they fear this more than death, it is very important that folks plan appropriately so their hard-earned retirement funds and assets last. Dying broke is not joke.  During this week's episode yo...

Major life adjustments happen as you enter into retirement. Not only are you moving beyond your work identity, but you are journeying into later-life where health issues arise as you age and transition into a period where you might not be needed as much. Mental health during retirement is an important matter to address, and there are options to help and ways to further break the stigma.  This week...

As one risk that can multiply the rest by tenfold, longevity is not a force to be reckoned with. Especially as more and more retirees are living beyond their average life expectancy. We should plan for a long life that accounts for retirement being 30, 40, or even 50 years long, so that less retirees are dying broke and can have a safe, happy retirement.  This week Dave hosts Dr. Jennifer Morozink...

When it comes to late-life relationships and even divorce, Meredith Shirey states, "The goal needs to be understanding, not winning." A lot can change over a lifetime, especially as our population lives longer. After child-rearing and/or the working years, retirees are faced with a new challenge: more free time, more time at home, and having more time with their significant other.  Dave...

In an era of uncertain, unprecedented times, the American fiscal irresponsibility causes many issues for today’s generations, the future generations, and their retirements. The math doesn’t add up when you look at U.S. spending. This will have drastic impact not only on our country, but globally and even within the walls of your home.  This week Dave Hall hosts Former Comptroller General of the Un...

When living in a society that is fast paced like ours, the convenience of take-out and quick meals is very appealing. But did you know that cooking more at home could save you money in retirement and promote a healthier lifestyle?  This week Dave Hall hosts Chef Dennis Littley to discuss an ever-growing desire to cook at-home to save money, time, and improve health. Chef Dennis is an experienced c...

At the end of 2022 the U.S. Congress passed updates and changes to the Secure 2.0 Act that will impact the landscape of the retirement planning.  Since the bill was signed into law by President Joe Biden many of the changes went into effect immediately beginning the first day of 2023.  This week Dave Hall dedicates an episode to discussing the updates and changes that will help your retirement pla...

With 2022 coming to an end, and a new year just on the horizon, this is often a time to think of renewal and new starts. And to make headway so you can tackle a large project or goal, you have to start with taking small steps. This week's episode shows the importance of those steps when it comes to retirement planning and ensuring you won't run out of money during those after-work years....

Have you considered what your loved ones will need to handle after you pass? Do you have a will in place, trusts, your life and wishes written down somewhere? Preparing for retirement also means planning for end-of-life wants and needs.  This week Dave brings on end-of-life expert Jon Braddock, co-founder of My Life & Wishes to discuss the importance of making your passing easier on your loved...

Life not some linear experience. It is a multitude of chapters, and retirement should be treated as so. Retirement is not a one-time event, but a process that you need to plan for, that you need to think about long-term.  This week Dave talks with Dr. Patrice Jenkins, organizational psychologist, speaker, and founder of Day One Dreams on celebrating and preparing for retirement. Asking the questio...

2023 is creeping up on us fast. And with this new year approaching and new goals in mind, an essential part to your retirement planning should include understanding the changes Social Security and Medicare will undergo come January 1st, 2023.  This week Dave talks about these changes to Social Security and Medicare in detail. Not only will you know what changes are being made, but how they will im...

Your mental and psychological wellbeing influences your budgeting and spending tendencies more than you know. And whether you are ten years out or a year out from retirement, understanding the why and how of your spending and saving habits will help build your retirement savings. Even if you are in retirement budgeting and saving on expenses is always helpful!  This week Dave hosts Shang, founder...

When it comes to retirement planning, there are many products and strategies. The beauty of options is there is no one-size fits all. What matters is getting safely through retirement, having your assets last as long as you do and having retirement risks reduced. And one method to reduce those risks is a reverse mortgage.  Dave Hall hosts Harlan Accola, National Reverse Mortgage Director for FAIRW...

There are two questions Dave loves to know your answer to: What do you want your money to do while you are alive? What do you want your money to do after you are gone? Your answers impact and help Dave determine how to help plan for retirement. This week's episode of The Retirement Risk Show is a special treat. Dave breaks down ten methods you can begin doing today to begin the journey to a r...

More and more retirees want to age in their home. However, homes are not always equipped for the safety and accessibility you will need in those later years. With 40 years of experience in the field and a certified Aging in Place Specialist, this week occupational therapist Lynda Shrager joins Dave to discuss the importance of preparation to aging in place and just how exactly you can do that. On...

This week Dave jumps into a retirement strategy that is not for everyone but is a great opportunity. Mat Sorensen, CEO of Directed IRA, joins Dave in this episode to discuss the ins and outs of self-directed IRAs.  During this episode you will learn more than the basics on:  various self-directed IRAs investment and growth opportunities qualifications and limitations of self-directed IRAs rollover...

With retirement comes being an aging adult and there is so much more to retirement than kicking back and letting nature take its course. Beyond financial risks, retirement brings on mental and social challenges as well. There is still so much to be given. Retirement could be a new lease on life.  On this episode, Dave discusses embracing aging with Dr. Mary Flett, founder of the Five Pillars of Ag...

Did you know the place you settle for retirement will impact your life more than anything? It will impact your finances, but how you live as well.  This week Dave Hall brings on Ryan Frederick of SmartLiving 360 to discuss the importance of place when aging. Not everyone is meant for a sunny beach or a cool rainy area, but it is a key factor to consider how the weather and local culture will affec...

After decades of saving, you are finally at retirement. You have extra free time, and maybe you even want to have something the grandkids will love, too. However, there are some things to be aware of when spending those first several years of retirement.  In this episode, Dave breaks down seven big ticket items that retirees often have regrets purchasing. While no retirement dreams and needs are t...

Healthcare and medical costs are the biggest expenses retirees pay into. And because of that, this week Dave brings on Roy Ramthun, Mr. HSA to discuss what exactly a health saving account is. As a sound tool for your retirement, Dave and Roy cover how you can qualify for HSAs and how you are able to contribute--even covering what you can use the money within your HSA for and its limitations. Tune...

A staggering question retirees ask is what they can do to leave behind impactful inheritance for family members. And this week Dave Hall interviews Robert Farrington, The College Investor, to provide an answer: 529 Plans. Dave and Robert cover the benefits and limits of 529 Plans as means to help cover higher education costs for loved ones. As accounts grandparents can leave to their grandkids or...