RetireMentorship

Two separate action items depending on your answer to this question: Do you have an investing plan and are you perfectly sticking to it?  No? Here's your action item: Get yourself and investing plan. Need help? Listen to episode 33. Yes? You do have a plan and you're sticking with it? Then enjoy the weekend. No action necessary. That's the beauty of having a plan.  Send us a Text Message. Join our...

When the market is moving, people being to wonder whether they should try and time its cycles. Let's look at timing the market, specifically: Why one would (and shouldn't) try to time it. Why being "Right Twice" is so difficult A Tale of Three Brothers who tried different timing strategies Correctly Timin' the Market If you would like to interview us as one of your potential Financial Planners, yo...

Action Items: Determine and write out your top values (do it with a spouse if you have one). Use YNAB (You Need A Budget) or similar software to track your use of money to determine if it aligns with those values. Then use it to plan future dollars to align with your values. Take the Financial Planning Score Quiz at RetireMentorship.com  Send us a Text Message. Join our FREE membership community t...

For World Financial Planning Day, we're discussing how Financial Planning can help align your use of Capital (Time, Energy, and Money) with your Values (what you say is important to you, and what actually is). Send us a Text Message. Join our FREE membership community to receive exclusive content at RetireMembership.com . The content includes my book, 3D Retirement Income: Creating a Retirement In...

Anthony shares some action items you can do, together with your spouse (or friend), to improve your finances and how you work toward them.  Send us a Text Message. Join our FREE membership community to receive exclusive content at RetireMembership.com . The content includes my book, 3D Retirement Income: Creating a Retirement Income that Outpaces Inflation, Outlives You, and Outperforms Others . (...

In this episode we interview Anthony Schmidt. His wife Miranda and he paid off nearly $500,000 of debt and are now completely debt free. They've earned the ability to use money toward specific purposes, and have done it all by working together. Tune in for this special episode.  Send us a Text Message. Join our FREE membership community to receive exclusive content at RetireMembership.com . The co...

Often we seek free resources or the advice of people without a price tag. But there are many hidden costs to "free" advice. We discuss the types and how to avoid them. If you would like to explore advice that may be truly "free" (see podcast for what I mean), schedule a call with us here , or check out my financial planning practice at LaxFP.com.  Send us a Text Message. Join our FREE membership c...

A good financial planner may help you: Save more money Make more money Provide Peace of Mind and Confidence Overcome procrastination and get items done Save time and capacity If you would like to interview us as one of your potential Financial Planners, you can find my Financial Planning Practice at LaxFP.com . Or, you can search for or be matched with one at WiserAdvisor.com . Ask the the questio...

Action items for this week: Schedule a Start Download the 1PFP Template at https://RetireMentorship.com/32 Register for the Virtual Seminar at PrincipalProblem.com Ask for Help Need help finding a planner? Search for or be matched with one at WiserAdvisor.com . Ask the the questions from Episode 5. And stay tuned to RetireMentorship for more info on finding a good one.  Enjoying the show? Sponsor...

We've organized, prioritized, and calculated. Now it's time to put it all together. Move from Simplistic, through Complexity, to an elegant Simplicity. A One-Page Financial Plan will give you the framework to implement everything you've uncovered in your financial plan over the last seven weeks. Find an example plan and a template at https://RetireMentorship.com/32 Need help finding a planner to c...

Your Action Items are: Choose who you want your assets to go to Choose who you want your estate people to be (executor, guardian, POA, etc.) Get estate documents created and signed For item 3, you have three options: Use an online estate planning document service ($200-$600. Better than nothing.) Hire an estate planning attorney ($600-$10,000. Costs vary widely. Best if you also want legal advice....

Estate Planning is not just for the wealthy. It's for anyone who wants to control what happens to their dependents and their assets when they pass, especially if you want to avoid: Family Fights Family Burden Government Deciding Delays Excessive Fees Find out how to decide, AND MAKE IT LEGALLY BINDING, with Estate Planning.  RetireMentorship.com/31 Need help finding a planner to conduct your insur...

Are you age 50 or older? Attend for the Virtual Seminar: The Principal Problem, Solving for a Retirement Income you cannot outlive. Register at PrincipalProblem.com . Under Age 50? Invite a parent or someone you know to attend the seminar. Send them the trailer podcast, or you can direct them to PrincipalProblem.com where they can view a video trailer. If you've enjoyed the podcast content, they w...

The Principal Problem, Solving for a Retirement Income you cannot outlive. This seminar is specifically for people over age 50 who want better strategies for their retirement funds.  Register to reserve your spot for the virtual seminar on September 14th or 16th. Register Here: PrincipalProblem.com Send us a Text Message. Join our FREE membership community to receive exclusive content at RetireMem...

Step 5 of Creating a Financial Plan is Retirement Planning. That comes in two phases: Pre-Retirement Planning In-Retirement Planning We are RetireMentorship, "Your Mentor TO (Pre-Retirement) and THROUGH(In-Retirement) Retirement." This is what we do best. Today we will cover In-Retirement Planning. REGISTER FOR THE VIRTUAL SEMINAR: Go to PrincipalProblem.com You can find links to resources at: Ret...

Action steps for this week: Follow the steps from the Pre-Retirement Planning episodes to: 1. Determine your Retirement Principal (the total amount of retirement money you'll need to retire) 2. Determine your Retirement Savings (how much you need to save monthly to get there) To make these steps easier: 3. Register for RightCapital to aid you in your retirement planning.  Send us a Text Message. J...

Step 5 of Creating a Financial Plan is Retirement Planning. That comes in two phases: Pre-Retirement Planning In-Retirement Planning We are RetireMentorship, "Your Mentor TO (Pre-Retirement) and THROUGH (In-Retirement) Retirement." This is what we do best. Today we will cover Pre-Retirement Planning. You can find links to resources at: RetireMentorship.com/29 For Practical Planning, you can help p...

Planning here goes a long way. But it is also the most technical part of the plan. There is a lot that goes into tax planning.  Send us a Text Message. Join our FREE membership community to receive exclusive content at RetireMembership.com . The content includes my book, 3D Retirement Income: Creating a Retirement Income that Outpaces Inflation, Outlives You, and Outperforms Others . (Available on...

Taxes are the largest expense you will pay. Let's plan to pay less! Tax preparation is filing your taxes after the year ends. It looks backward. Preparation is attempting the pay the least amount of taxes last year. Tax Planning is projecting your taxes for future years. It looks foward. Planning is attempting you pay the least amount of tax over your lifetime. RetireMentorship.com/28 Need help fi...

You can get the proper protect AND save money by evaluating and PLANNING your insurances, rather than simply being sold or taking the default option. Action steps for this week: 1. Schedule a time to evaluate your Health Insurance options during Open Enrollment. 2. Get Disability Income Insurance through a Broker 3. Get Term Insurance through a Broker 4. Evaluate your Home & Auto through a Bro...

Creating your Insurance Plan is next. It's IMPORTANT, as you cannot recover from a six-figure set-back. It's ADVANTAGEOUS, as you may be able to find thousands in annual savings. Full article and visuals can be found at: RetireMentorship.com/27 Need help finding a planner to conduct your insurance planning? Search for or be matched with one at WiserAdvisor.com . Ask the the questions from Episode...

It's time to act! Improve your investing by investing in yourself. Invest in yourself by taking the time to plan.  Action steps for this week: 1. Listen to the early episodes to build your planning mindset 2. Schedule a time to create and investing plan Creating a plan takes work, and you are more likely to do it if you schedule it.  Consider it $1,000/hr work!  Send us a Text Message. Join our FR...

Having and Investing Plan is CRUCIAL to your lifetime success. And it can run in the background. Before creating an investing Plan, we'll want to know the purpose of investing and the drivers of lifetime investor success. Then we can examine the Seven Steps of Creating an Investing Plan. The full episode can be found at: RetireMentorship.com/26 View the long-term effects of your investing plan, ge...

Don't merely know information. Believe in its ability to help you. Don't merely believe.  ACT! Every piece of the financial planning process will be easier if complete these steps. Visit RetireMentorship.com/25 for full list of actions. Schedule 30-60 minutes to complete the following actions: 1. Connect Accounts to RightCapital 2. Organize Files with OneDrive 3. Take the Financial Planning Score...

The first steps in creating financial plan are GO, Net, Flow. That is: 1. Get Organized 2. Net Worth 3. Cash Flow The full episode can be found at: RetireMentorship.com/25 Get your accounts organized, calculate your net worth, and track your income and spending with RightCapital . Organize your financial files with OneDrive . Budget like a pro with YNAB (You Need a Budget) . Need help finding an a...