Monolith Money Show

According to the American College of Financial Services, the majority of Americans fail at retirement literacy. Today Jeff and Camille go through several steps needed for an individual's retirement plan that will help ensure things are covered for their post-working years.

Yes, it's that time again - the NCAA tournament is in full swing, and like the teams playing in it, your retirement needs a game plan to be sure your money is there when you need it and what you need it for. Jeff and Camille take a look at this, and also when you should get started in putting a plan together.

It's tax season now, but everyone really needs to be thinking about tax planning year round, especially when it comes to retirement. Today Jeff and Camille look at how taxes change when someone retires, and how proper planning can help reduce the amount you need to pay, especially taking into account Social Security and when to take it, as well as money in retirement vehicles like pensions and 401...

Some of the biggest concerns pre-retirees have about their money include whether it will last their lifetime or not, the possibility of Social Security benefits being reduced, and the rising costs of health care. Today Jeff and Camille take a look at ideas and strategies that could alleviate these concerns so that folks can enjoy a less stressful retirement.

Jeff and Camille take a look at retirement risks, focusing on longevity and taxes, two of the biggest fears of retirees who don't want to run out of money. They also look at this weekend's Super Bowl and how NFL players relate to financial planning issues as well as game planning and how important it is - much like a retirement plan is.

Longevity risk is one of the more complex issues when it comes to retirement planning - because no one knows how long we will live. Today Jeff and Camille address four questions involving longevity risk and steps you can take to be sure you don't outlive your retirement savings, the biggest fear among retirees and pre-retirees today.

Jeff and Camille talk New Year's Resolutions for 2021, then turn to the subject of protected income - by which they mean income from consistent and guaranteed sources such as Social Security, annuities or pensions. They also talk about how to turn retirement savings into such instruments to make sure you have the income you need for your typical monthly expenses.

Your retirement doesn't require so-called maybe money - it needs dependable, regular income that will be there to handle your monthly expenses. Jeff and Camille address ways for you to handle this, including optimizing Social Security benefits as well as determining how your money can be distributed with paying as least amount of taxes as possible. With 2021 just underway, they also look at resolu...

Jeff and Camille take a look at what it is like to approach a financial advisory office, and how Monolith Financial is different from many other firms. They also look at five things to avoid when planning for retirement and answer questions from people in the public eye.

Many retiree concerns revolve around four main issues - having enough savings, how long it will last, when can they retire, and will loved ones left behind be okay. Jeff and Camille take a look at each of these areas and continue to stress the importance of planning for them so these concerns won't be quite so concerning for one's retirement years.

Certainly today planning for retirement is much different than it was in the past - fewer people have pensions, interest rates are lower, health care costs are higher and the stock market is always volatile. Today Jeff and Camille talk about ways to build a retirement plan that will make sure you have the income you need and provide a way for you to deal with unexpected events that will inevitably...

It's open enrollment time and today Jeff and Camille take a look at Medicare - what you need to know and upcoming changes to the program, along with things you need to plan for when considering your health care needs.

After a look at current events, Jeff discusses how clients should approach contacting a financial professional to discuss their retirement planning, and what it's like when people call Monolith Financial as opposed to other different types of offices.

The stars in this case are the five components for a solid retirement plan - income, wealth management, tax efficiency, health care needs (including long term care) and an estate plan. And a new star is added to the program as well - Jeff's daughter Camille Mitchell makes her radio debut to help discuss these topics from the perspective of a female and a younger generation of financial advisor.

You wouldn't begin a road trip without having a plan to get there - and putting a retirement plan together is somewhat like routing your trip down the post-working years of your life. Today Jeff talks about possible potholes like taxes and health care costs that can wreck retirements if not accounted for, and also having the safety part of your plan addressed like they were guardrails. Jeff also l...

You get a physical check-up every year - and when you get close to retirement, you need to get a financial check-up as well. Today Jeff looks at what you need to be aware of when you approach and get into retirement.

After looking at the latest financial headlines, Jeff takes a look at some of the factors that keep potential retirees up at night, including the ever rising health care costs as well as longevity.

Protection, growth potential, liquidity and income. They are the pillars of a solid retirement plan. Today Jeff discusses the ways that your money can provide each of these elements in your plan so that you can live the retirement you've always wanted.

Running out of assets, the cost of health care, and funding bucket list items. Those are the three things retirees and soon-to-be retirees worry about. Today Jeff provides some strategies that can help people with each of these areas to be sure that there is less worrying about any of them.

The best retirement plans can change at a moment's notice. A sudden health issue or layoff could force plans to be altered. Today Jeff talks about that possibility and what can be done ahead of time to ensure things can remain as comfortable as possible. He also discusses the opposite scenario - what if someone doesn't want to retire, and how to plan accordingly so a fulfilling life can still be e...

That's a question many people are asking these days - what IS the new normal? Today Jeff discusses all the changes which have affected the world in 2020, and how having a solid, written retirement plan can help you adjust to anything which may affect it.

What if I don't have enough income? What if I run out of money before I run out of life? What if I am taking too much risk with my investments? These are all questions to be dealt with for those who want to retire in the near future. Jeff takes a look at them as well as other potential what-if scenarios that need to be addressed before they can turn into "what now" emergencies.

It's a story told before, but not for a while - recessions do happen, though no one can predict when the next one is coming. Recently the market went into recessionary territory for the first time in eleven years. In today's program Jeff goes over the strategies you can use to help protect your retirement portfolio from the whims of the market so your savings will still be there when you need it.

It has been eleven years since the end of the last bear market, and some people may not remember what it's like to be invested when the market goes plummeting downward. Today Jeff discusses the bear market and offers some strategies to use to help weather the storm, no matter how long it may last.

Today Jeff address more retirement risks in light of the current Corona Virus pandemic. The show also features an interview with Dr. Alicia Arbaje of Johns Hopkins Medical Center, which deals with ways seniors can best take care of themselves to try and avoid the virus and passing it on.