The Income For Life Show

A 900 billion stimulus package just got approved by Congress. So what does this mean for the economy and stock market? Matt and Nick discuss the big points of this new bill, how this will affect middle-class Americans, and the looming tax bomb that is building up as we keep adding to our national debt. We will also mention a few end of the year planning ideas to help set you up for success in 2021...

As we approach the holidays, this may be a good time to discuss the wants and needs of our family in retirement. Even though this conversation can be tough and emotional, it's one that is pertinent to your retirement plan. Today Matt and Nick will discuss some of the barriers that can stand in the way of this conversation, a few ways to get this discussion started, and issues that could potentiall...

Many people in the financial world complicated the retirement process by throwing out buzzwords and explaining things in a complex way. But retirement shouldn't be this difficult, and it should incorporate some common sense. Matt and Nick talk about trusting your gut on the show today and some tips on how to do it. Along the lines of common sense, the guys also discuss an article that discusses ho...

This episode was recorded on November 4th, 2020 and we are still waiting for all of the votes to come in from last night's election. It's no secret that the market is rather volatile when there's uncertainty involved. This why Matt and Nick talk to us today on why we shouldn't have our retirement plan rely solely on the stock market's performance. The guys will also talk about the stimulus conside...

This year's election is on the horizon and many people have strong emotions and opinions going into it. It's common that we hear one candidate will make the stock market crash, while the other one will be beneficial for the market. Matt and Nick discuss how to get through volatile times with reacting emotionally and the importance of their clients understanding the financial plan they put together...

There are many general rules out there in the retirement world and it can be difficult to navigate which ones are still relevant in today's environment. Matt and Nick will break down what the 4 percent rule is and why they think this rule is outdated. Contact: 888-228-8814 incomeforlife.org foldsofhonor.org

The pandemic has caused a lot of turmoil in the job market. Many people have been laid off and now have to find a new employer to work for. But what should you do with your retirement account that's with your old employer? Matt and Nick talk about a few strategies you can utilize when making this big decision. Contact: 888-228-8814 incomeforlife.org foldsofhonor.org

There is no doubt that procrastination is in our human nature. Many people will push off tasks that need to be done until the very last minute, but this is not a trait that you want to carry in your financial life. Matt and Nick break down how much waiting can cost you in retirement. Not only in a dollar amount, but also the emotional weight it can have on your mind. Contact: 888-228-8814 incomefo...

The market has made a significant rebound since the dip in March. However, we should still proceed with caution and be wary that all of the economic effects of COVID-19 have not been felt fully. Matt and Nick will discuss how the markets take in information from the news and dive into the 5 companies that are driving the S&P 500 Index right now. Contact: 888-228-8814 incomeforlife.org foldsofhonor...

The Income For Life Show, powered by Folds of Honor, is back! On the first episode of the renewed podcast, Matt and Nick discuss the philosophy behind The Three C's of Retirement. Understanding your Checkbook, Calendar and Clock is the secret to a successful retirement and we'll explore why that's the case on today's show. Contact: 888-228-8814 incomeforlife.org foldsofhonor.org

What Will Retirement Look Like In A Trump Presidency?

The 8 Percent Annuity Return Discussion

Occam's Razor is a term from the 1300's that still applies today, which describes that when two or more ideas are presented to you – the simplest idea should be chosen. That same idea is how retirement income planning should be, because if you cannot explain it to a six-year-old, you probably do not understand it yourself. Take a listen and find out how the strategies at Income For Life fit hand-i...

Have you ever wondered whether or not you would "make it" in retirement? You know, whether you had saved enough money… or whether you were carrying too much stock market risk? Are you paying too much for your investments? Do you have the right advisor? These are all pretty common questions that most people tend to ask themselves. Specifically, with the volatility we have seen over the last few mon...

"Status Quo" is a term that is often thrown around for a variety of things. At it's core definition, it means "the existing condition or state of affairs." We commonly use it as a phrase to insinuate that we are just 'going to keep things the same' or choose not to change how we have always done things. And while this is fine in terms of which driving route you take to school or church or the dail...

Sometimes, the simple thought of 'common sense' gets overlooked in all the media marketing and political correctness ways of today. It is important to sometimes look back and reflect on things that we often say and do. Today, our old friend by the name of 'Common Sense' has passed away – and we read his obituary. You won't want to miss this…

History has proven that the 401(k) has failed miserably when it comes to providing a nest egg for retirement – for many reasons. Listen to this podcast to learn more.

Q: When does an OPINION become a FACT? A: When the opinion can be proven. Sure, everyone can have an opinion on whatever they want. There is nothing wrong with opinions, as long as they do not distort the facts. With that said, the #1 fact of retirement income planning is quite simple: Your retirement income MUST be guaranteed for LIFE. It must last as long as you do. Anything else is just a guess...

If you become disabled, you may face huge bills for daily help. And, no, Medicare doesn't cover it. When you try to gauge the biggest risks to your financial security in retirement, health care costs usually top the list. But there's even bigger danger that doesn't get as much attention: long-term care costs. Listen to our podcast discussing The Retirement Crisis No One Talks About.

Filling up at the gas pump these days sure is nice. Gas is under $2 per gallon in most places and it sure is easier on the wallet – but what happened the last time oil prices dropped this low this quickly? The signs are all around us and looking back at history can sometimes tell you what is coming up in the future. Listen in to learn more about what happened the last time oil prices dropped like...

So, you've retired, huh? Now what? Should you keep all of your money in the stock market? How much risk should you really be taking? Better yet…how much risk can you truly afford to take? If history has taught us anything about investing in retirement, having too much risk at the wrong time can be completely devastating. Just ask the thousands and thousands of people who lost 20,30 or even 40% of...

Proper retirement income planning is necessary to make sure that your Required Income (the 'I must have every month' money) is safe and secure – but why do so many insist on making it more confusing than it should be? You decide. Listen in to learn about The Elementary Math Equation and determine for yourself.

In today's media, we often hear about the new Hybrid Annuity products, or Fixed Index Annuity products, and how they can not only allow a retiree to have peace of mind with their retirement dollars – but also participate in the good years of the markets. I am a believer that in order to determine where you are going, you need to know where you have been. Looking back into the past can give us grea...

Proper retirement income planning is difficult, to say the least. Who is right and who is wrong – and what if I mess it up? We understand. Listen to the podcast to learn about the 7 Retirement Income Planning Risks and How to Avoid Them and call us toll free at 877-284-8929 or visit www. IncomeForLife.org to learn more.

If you are beginning to prepare for retirement, or you recently retired and you are trying to sort out all the different options you have, you might be feeling a little overwhelmed! After all, making smart financial decisions is pretty hard! Not only do you have to determine who is the best advisory firm to hire, but then you have to sort through all the recommendations made – and there are HUGE b...