The Best of Refining Retirement

Dana and Brad discuss recent tax code changes as well as designing your fiscal house. Takeaways: Depending on where you live in the U.S. life expectancy can vary up to 8 years. 100 minus your age is a good rule of thumb for how much you should have at risk In the market.  Download our FREE helpful resource, “The Value of an Objective Opinion”

Dana and Brad discuss being in the position of gaining a large sum of money. Takeaways: Between 70-80% of people squander away their inheritance within the first 6 months. When politics get volatile, markets tend to follow suit. The market tends to react poorly to political uncertainty. Download our FREE helpful resource, “Are You Paying Too Much in Taxes in Retirement?”

Dana and Brad are joined by Jordan Duncan and Rachel Smith of Boone Funeral Home to discuss end-of-life planning. Takeaways: Pre-planning helps take some of the emotion out of funeral planning, helping save money and take the burden off your loved ones. There are 125 different items that need to be addressed within the 48-72 hours around a funeral.  Download our FREE helpful resource, “The Greates...

Dana and Brad discuss Medicare with Healthcare agent, Christie Adcock, of Senior Connection. Takeaways: A common misconception is that you have to sign up for Medicare when you turn 65. If you are still working, it’s not required. If you have questions about Medicare, give us a call and we can connect you with Christie to help address your needs. Download our FREE helpful resource, “The Value of a...

Dana and Brad discuss the things that you can control during a volatile market and how to protect yourself against the things that you can’t. Takeaways: It’s a difficult discussion, but having your will updated ensures your assets are distributed according to your exact wishes. Inflation is a silent “stealth tax.” You won’t always see it, but your wallet will feel it.  Download our FREE helpful re...

Dana and Brad are joined by Brad’s retirement coaches, Christina Gilbert and Matt Purvis, to discuss the transition from working to retirement. Takeaways: Retirement is a big change psychologically, do you have someone in place to help you from slipping into a funk and becoming listless or depressed. Finding new ways to stay busy is paramount to a healthy retirement. The highest group of divorces...

Dana and Brad discuss tax implications of moving money from different accounts and how to be prepared to pay for Long-Term Care. Takeaways: There are a multitude of accounts with different tax liabilities. Without the proper knowledge before moving money there could be irreparable tax penalties. - 70% of adults aged 65 and older will need some form of long-term care. Download our FREE helpful reso...

Dana and Brad are joined by Melanie Stewart of 517 Fitness Gym to discuss staying healthy in retirement. Takeaways: Motivation comes and goes, block off time to work out and treat that time as an important meeting that you can’t miss. Having a trainer or accountability partner is also incredibly beneficial for those days you don’t want to go. If you aren’t sure where to begin, hiring a trainer can...

Dana and Brad discuss inflation and reaching towards your dreams in retirement. Takeaways: Build a bucket list in retirement. You don’t want to wait too long to do the things you’ve always dreamed of. Healthcare costs are on the rise, especially with inflation that we’ve seen in the last few years.  Download our FREE helpful resource, “Will Your Money Last as Long as You Do?”

Dana and Brad discuss getting your affairs in order. Takeaways: If you have very many valuables, write out what you would like to happen to them in the event you pass away. Wealth is not his that has it, but his that enjoys it. You can’t take your money with you.  Download our FREE helpful resource, “The Greatest Gift: Outline Your Wishes with an Estate Plan”

Dana and Brad discuss retirement fears as well as retirement help for women. Takeaways: According to Alliance Life, most Americans are more scared of going broke in retirement than they are of death. The overall poverty rate for women slightly exceeds the rate for men.  Download our FREE helpful resource, “Will Your Money Last as Long as You Do?”

Dana and Brad discuss current market volatility and past performance in historically volatile markets. Takeaways: Missing out on the best performing days can significantly cut into your returns. Time in the market beats timing the market. The dollar value recently hit the lowest it has been in three years.  Download our FREE helpful resource, “What to Do in a Down Market”

Dana and Brad discuss maximizing your Social Security within your retirement plan. Takeaways: Taking Social Security at the wrong time could cost you thousands of dollars in the long run. If you haven’t tested your retirement plan with customized software, it’s difficult to know if you are making the correct decisions. Download our FREE helpful resource, “The Social Security Decisions”

Dana and Brad discuss safety tips when gardening with Judy Halstead of the Southwestern Indiana Master Gardener Association (SWIMGA). Takeaways: You should always have your cell phone with you while gardening in case anything goes wrong. It is even more beneficial to have someone with you if possible. It’s easy to twist an ankle in the uneven dirt. 230,000 people go to the emergency room every yea...

Dana and Brad discuss how you can build a plan to work towards a successful retirement. Takeaways: The Affordable Care Act can help with subsidizing healthcare if you are thinking about retiring early. It’s never too early to start planning for retirement. Reach out for help if you have questions. Download our FREE helpful resource, “Will Your Money Last as Long as You Do”

Dana and Brad discuss legacy planning and different taxes that can impact your plan. Takeaways: It’s important to update your will and accounts often to make sure they still align with your wishes. If you and your spouse are not sure what you both want for retirement, it can be beneficial to speak with an advisor to help you come to an agreement. Download our FREE helpful resource, “The Greatest G...

Dana and Brad discuss financial secrets as well as poor financial habits you may have. Takeaways: A study found 2/5 people kept a financial secret from their significant other. Don’t try to do everything all at once by yourself. Retirement planning can be overwhelming and it can alleviate that pain to reach out to someone.  Download our FREE helpful resource, “The Value of an Objective Opinion”

Dana and Brad are joined by one of Brad’s clients, Linda Sanders, to discuss the retirement planning process. Takeaways: Women tend to live longer than men, and the potential loss of a spouse needs to be calculated into your retirement plan. If you have questions about building a retirement plan you can reach us at 812-474-6200. Download our FREE helpful resource, “The Retirement Income Checklist

Dana and Brad discuss the ins and outs of Social Security and the different ways you can withdrawal Takeaways: Social Security accounts for a third of the average household income for those that are retirement age and making a mistake could cost you thousands of dollars. Family medical history can be an overlooked part of building a retirement plan. Trends can help you make better decisions.  Down...

Dana and Brad are joined by the Purdue Extension’s Urban Agriculture Educator, Amanda Bradshaw Burks to discuss farming, gardening, and nature preservation. Takeaways: Research shows that when you have access to “green spaces” can improve your mental health and alleviate pain. If you have any agricultural or gardening questions you can email Amanda at: bradshaa@purdue.edu, Download our FREE helpfu...

 Dana and Brad discuss retirement bucket lists, as well as inflation and the impact of rising costs. Takeaways: Text the word “book” to 812-473-7700 for a free copy of “Solving the Retirement Mystery.” You have go-go years, slow-go years, and no-go years. It’s important to know how much you can comfortably spend on everything you want to do before it is too late. With prices rising, the latest Soc...

Dana and Brad discuss healthcare expenses in retirement as well as preparation for losing a spouse. Takeaways: The average nationwide cost for a room in a nursing home is almost $10,000/month.  Check all of your accounts when building an estate plan. Old accounts could have the wrong beneficiaries listed. Download our FREE helpful resource, “The Greatest Gift: Outline Your Wishes with an Estate Pl...

Dana and Brad discuss long-term care planning and the importance of being ready before it’s too late. Takeaways: Assisted living can be a major expense in retirement. You should plan for the worst, and hope for the best. It’s important to have a plan in place so you are better protected during times of hardship. Download our FREE helpful resource, “Will Your Money Last as Long as You Do?” Securiti...

Dana and Brad are joined by Vineyard Financial Vice President, Jakub Hall, to discuss the average retirement age and what can affect your plan. Takeaways: The median retirement age in the U.S. is 62 with sixty percent of people retiring before they had planned. - Postponing Social Security allows it to compound yearly resulting in a higher monthly benefit. - Download our FREE helpful resource, “Wi...

Dana and Brad are joined by insurance professional, Josh Paulson of Paulson Insurance , to discuss different coverage types and how to stay protected. Takeaways: Inflation has impacted many insurance companies. You should be checking your policies to make sure no changes have been made. Certain collectibles may not be covered by your insurance and may require a separate appraisal and additional co...