Healthy, Wealthy, & Wise Retirement Podcast

Today we take a different approach, looking at what NOT to do. Specifically, we will talk through 7 mistakes people make to accidentally invalidate their will. When it comes to your will, it's OK if you didn't "get it right" the first time, just as long as we have it right IN time, as there are no do-overs once you're gone.   Resources mentioned on today's show: Legal Docs Review   What is a Fiduc...

On today's episode, I share with you a high-level overview of the process our firm offers retirees each fall, called our Medicare Readiness Report ™ . In short, this is a simplified one-page report that cuts to the chase, showing prices and coverage for option #1, which we refer to as Traditional Medicare, compared with option #2 of Medicare Advantage. This one-page report only highlights the info...

So you have a low-cost, well-diversified portfolio, and you've even managed to invest within your risk tolerance. But do your investments align with your personality? Are they in sync with your beliefs and with the trends that you see evolving? On today's episode, we hop into our time machine to discuss how investment options have changed over the past 50 years. We then talk about why it can be im...

Do you know your own risk numbers? If not, your portfolio might be out of whack, and it's easy to be frustrated by returns, frightened into cash holdings, and as a whole, it's harder to hit your retirement goals. We start off today's episode with a quick story about two farmers, Melvin and John. We next move into what our firm calls your "Risk Profile" made up of 3 scores: your risk preference, yo...

On today's episode, we give a quick overview of the Inflation Reduction Act of 2022. We start off by reviewing a few past bills and how the title Congress gives a bill is often misleading. We then discuss some of what's in the bill, how this could impact you, and close up with a quick conversation of what we can do about it within our portfolios.   What is a Fiduciary? Podcast Page   For questions...

On today's episode, we talk through 5 reasons to give to charity. We then review a Schwab Charitable ® article and discuss 8 Tax-Smart Strategies to maximize your gift.   Resources mentioned on today's show: ARTICLE: Tax Smart Philanthropy- We discuss this Schwab Charitable ® article on today's episode, highlighting 8 Tax-Smart Strategies for charitable giving. QUIZ: "What Type of Giver Are You?"-...

On today's episode, we discuss a Kiplinger's article about two retirees who teamed up and discovered 6 life-changing lessons. They are passionate about sharing what they've learned with other retirees, as good ideas are meant to be shared.   Resources mentioned on today's show: 6 Life-Changing Lessons from 2 Retirees Who Are Changing Lives- this is Jacob Schroeder's article that we based today's t...

On today's episode, we talk through 7 principles for finding peace during unpeaceful markets. One thing is certain for investors- as much as we'd like the market to continually go up, we will be better off if we prepare for "when" not "if" the market will once again hit tough times in the future. Hopefully by arming you with these 7 principles, you will be better equipped for whenever that may be....

Today, we close out our talk about annuities with Part Two. We specifically cover variable annuities and long-term care annuities. We then finish up with 3 commonly asked questions where we cover the taxation of annuities, whether or not they are FDIC insured, and how commissions play a role with annuities. Reach out via email below if you would like a review of any annuities you currently own, or...

Today, we cover Part One of our two week discussion about annuities. We offer a high-level overview of each type so that you can have more confidence determining if an annuity is right for you, or just as importantly, if it's not right for your situation. We also discuss some of the pros and cons of each, so that you can make the best educated decision for yourself. Specifically covered in this ep...

Figuring how to best claim your Social Security benefits can be a confusing and frustrating process. Instead of analyzing a bunch of numbers, we take a different approach on today's episode and talk through 3 scenarios of how others claimed their benefits. From there, we finish up with a 10-question quiz so you can test your knowledge. Be sure to stick around for #10, as this one surprises many re...

Market turbulence can be a scary experience, particularly in retirement. Today, we talk through 5 considerations to be aware of when timing the market. From there, we finish up today's episode with a few helpful tips that you can implement in your own retirement planning.   Previous Episode mentioned on today's show: What's Your Retirement Income Plan? Charles Schwab Research: "Does Market Timing...

Everyone has a bucket list, whether it's written down or just in their head. But what if you let someone else write your bucket list? In this episode, we review Jay Payleitner's book titled, "What if God Wrote Your Bucket List? " Book: What if God Wrote Your Bucket List Previous Episode mentioned on today's show: Creating a Biblically Based Retirement Plan   What is a Fiduciary? Podcast Page For q...

In this episode, we talk through 5 tax planning opportunities, but to keep things from getting too dense, I share a few stories to help make these concepts stick. And as a special bonus for this episode, my gift to you is a complimentary tax report personalized for you. This is a one-time offer, so while we won't be able to do this every year, if you follow the link below, you can create an accoun...

In this episode, we talk through 7 questions I am frequently asked. We start off by briefly chatting about what makes our firm different, whether or not to divide your assets between multiple advisors, and the right time to bail out and sell an investment. We then talk about why our fees are so high (and so low), if working with a fiduciary is actually important, and close up with the topic of int...

Continuing on our conversation from last episode, we finish up with a review of the last 2 principles for happier spending. Book- Happy Money: The Science of Smarter Spending What is a Fiduciary? Podcast Page For questions, comments, or to receive your own  RETIREMENT RISKS ANALYSIS , you can start with a 2 minute quiz here: Share More & Get in Touch   You can also find Loren at Hello@integritygui...

Everyone knows that money can't buy happiness, right? But what if it actually can and we're just going about it the wrong way? In this week's part one book review of "Happy Money," we seek to answer this question and give you a guide for smarter spending. Book- Happy Money: The Science of Smarter Spending What is a Fiduciary? Podcast Page For questions, comments, or to receive your own  RETIREMENT...

In today's episode, we talk about situations where our brains may be hard-wired with outdated ways of thinking. The idea for this talk came about from a 2019 article written by Tim Ferriss, so if you want to go straight to the source or explore other topics Tim covers, check out the below resources. Tim Ferriss: Single-Ply Article   Tim Ferriss Podcast What is a Fiduciary? Podcast Page For questio...

In today's episode, we give you the roadmap for setting and sticking with your goals. The idea of setting goals is something everyone is familiar with, but simply being familiar with something can give us a false sense of expertise. Today, we'll take goal-setting from a concept and convert it into action, with a step by step guide you can follow. What is a Fiduciary? Podcast Page For questions, co...

Fees can be a confusing topic for retirees to tackle, and sometimes they feel downright hidden from us- out of sight, out of mind! But the fact of the matter is that fees play a big role in anyone's financial plan, and it's time to have an open and honest discussion about them. Mentioned on today's show: 12 Questions to Ask Your Financial Advisor What is a Fiduciary? Podcast Page To receive your o...

Your health plays a major role in achieving true wealth. If we overlook or neglect our health, much of the retirement planning we do is diminished, and it becomes more difficult to achieve our goals- including leaving a lasting impact on future generations. Today, we lay the groundwork and share a quick story, but the real heart of our message can be found in the below resources. Be sure to give t...

How does your faith and your retirement planning intersect? Maybe not at all, and you could be perfectly content with that. Others want to make sure their faith and values are aligned with their retirement planning. So for this episode, we have a quick book review of Jeff Haanen's writing " An Uncommon Guide to Retirement: Finding God's Purpose for the Next Season of Life." Purchase Jeff's Book Wh...

Today we ask a series of questions to help you identify some of the "money scripts" you may have grown up with- the stories that make you think about money the way you do. Next, we ask 3 very important questions that may change the way you view money in your retirement, and it's purpose altogether. And last, we close up with some thoughts about your "war chest." Do you have your own war chest of m...

What is tax harvesting and why are so many retirees and financial planners alike failing to implement this into their planning? More importantly, how could a good tax harvesting strategy impact your retirement?  Listen in, as we tackle these questions and much more! Previous tax-related episode mentioned in today's talk: Taxes in Retirement Workshop What is a Fiduciary? Podcast Page For questions,...

If you didn't already notice, once you are of Medicare age you will start to recognize Medicare marketing everywhere! It can be confusing to most, and just when you think you have it figured out, Medicare can change the rules or insurance companies can change their plans. One of the questions we hear most often is some form of, "What's the deal with Medicare Advantage plans?" We dive into this que...