The Retirement Matters Show with Dale Smothers

On this episode of The Retirement Matters Show, we spend a great deal of time discussing a very common but overlooked strategy called the spousal benefit when claiming social security. Knowing when and how to take social security is one of the most important choices you will face when you're retiring. You can't do this without putting this into a plan-you can't make an accurate decision on just ab...

On this episode of the Retirement Matters Podcast, we discuss ways to make your retirement a little bit easier.  When you retire, you will be faced with several "next steps" to get you where you want to be. One way you can make those steps a little easier is by calling a firm that specializes in retirement income planning, like ours, RD Smothers Wealth Management.  When you do this, rather than ha...

On this episode of The Retirement Matters Show, we talk about the specific and very unique decisions you will be making as you approach retirement. Especially as you're getting ready to retire, there are some things you need to be thinking about and addressing that you've probably never considered before. They're not financial at all. They're more emotional. We talk about those closer to the end o...

In this episode of The Retirement Matters show, Dale discusses how there are multiple different tools you should be using to achieve your retirement success. He uses a golfing analogy to explain exactly how using the right tools in your retirement journey can be extremely important and If you're not using the right tool, the chance of success is very slim.   The backend of retirement is extremely...

In this episode of The Retirement Matters Podcast with Dale Smothers, Dale uses a golfing analogy to help you understand why it's necessary to use different investment strategies as you progress along your retirement journey.   Just as it's necessary to switch from a driver to a putter once you have landed your ball on the green, it is equally as important for you to be using a different mindset a...

This episode of The Retirement Matters Podcast is unlike any show that we've brought you before. On this episode, we have an array of questions that have come in over the last few months with all the market volatility and we've decided to answer those over the podcast because we believe that some of you may have similar questions. Tune in to today's podcast to hear a team member of RDS Wealth (Whi...

In this episode of The Retirement Matters Podcast, Dale talks about alternatives to saving money at the bank.  Dale discusses ways you can save money in other institutions or different classes of institutions. The banks are great and safe places to put money, but when you reach a certain level of money at the bank, it may be a wise decision to start looking at alternatives that bring you equivalen...

In this episode of The Retirement Matters Show with Dale Smothers , Dale talks about how banks fail, why they fail and he uses the SVB failure in 2023 as an example. The most recent bank failures have caused savers to realize that banks are, indeed, a for-profit-business! To seek their profits, rather than putting our money in their vaults, they will invest our money in risky propositions.   While...

In this episode of The Retirement Matters Podcast, Dale talks about the impatience of using the right advisor once you've reached your destination of retirement. To Illustrate his point, he provides a personal story about bowling with his children. As he always does, he provides imagery and parallels throughout his story as to help you relate his tips to your own personal retirement journey!  Just...

In this episode of The Retirement Matters Show with Dale Smothers, Dale will talk about Social Security and how it may change along your retirement journey. What if taxes rise in the future and how is social security income taxed? Will you be affected? If you have questions or looking for guidance give our team a call at 270-600-PLAN! Join our Newsletter  here !  Visit our Website here! RDS Wealth...

This podcast is very different from all of our other podcasts. Very seldom will we sell our firm this hard, but it's time. The market is turning and we think it is important that you understand that NOW is the time of action. If you're hooked up to the wrong advisory firm, you could suffer terrible consequences. What differentiates R.D. Smothers Wealth Management from other "big box" firms? We tak...

Dale starts this podcast off with a story about his sons. Dale gave his kids the opportunity to pick out dinner. He opened each drawer and they picked out all of their favorites; cookies, popcorn, cereal, and puffs. If you're not careful, you could end up with a retirement plan that is very similar to their dinner plans. You're going to have all of your advisors favorite stocks, mutual funds, and...

On this weeks episode of The Retirement Matters Podcast, Dale discusses a motto he has had since he was a child; win humbly and lose wisely. We understand that not everyone operates best while on a team but, if you do everything alone and never partner with others, you create a huge barrier to your own potential. This podcast is for the person trying to do their retirement alone. It may be a succe...

On this episode of The Retirement Matters Podcast, let's take a journey. Dale sits down with a travel agent, someone who plans vacations for families all across the world. As a travel agent, his job is to make sure you're not spending too much money and to make sure you're not missing out on amazing opportunities. Many of our retirees have the desire to travel at some point in their life. We like...

On this episode of The Retirement Matters Podcast, Dale highlights the most recent changes that took place in the Secure Act. We call it the Secure Act 2.0. This bill changed a lot of the retirement rules we know today. It is often said that the tax code is written in pencil, not in pen. We have to realize that this tax code, and the entire retirement system that we bank on, is subject to change i...

On this episode of The Retirement Matters Podcast, Dale talks about how doing the same exact thing your parents did, to prepare for retirement, may not be the best thing to do in yours- especially in the financial world, and how we manage our money. DISCLOSURE: R.D. Smothers Wealth Management is a state registered investment adviser under the laws of the Commonwealth of Kentucky. Registration as a...

On this episode of The Retirement Matters Podcast, let's go shopping! Dale discusses the "shopping" process of a retiree. He uses the analogy of going to the grocery store as a way to show how a typical retiree or pre-retiree will go throughout their life, their working years, buying stocks and putting them in their basket. Maybe they are taking certain stocks out of their cart and putting them ba...

This week on The Retirement Matters Podcast, Dale brings you the most recent episode of The Retirement Matters Show. The Retirement Matters Show is a radio show Dale does each and every week that airs in South Central Kentucky and North Central Tennessee. In this episode, Dale tells a quick story about his son at a football game and relates that to investment planning. Investment planning, if done...

On this weeks episode of The Retirement Matters Podcast, Dale brings you a radio show that aired across Kentucky and Tennessee the weekend of Thanksgiving. The market had a fairly decent week, a short week, but positive. Dale Smothers tells a story about himself learning how to ski and how your mindset must change in retirement. Your approach to retirement planning is different on the way down the...

On this weeks episode of The Retirement Matters Podcast, Dale is bringing you a radio show that aired between November 11 and November 14 across Kentucky and Tennessee. Dale Smothers discusses the most recent move of the CPI (Consumer Price Index), ticking down two tenths of a percent. He discusses why it is important or why you need to be paying attention but also why the irrationality of the mar...

"Take the Scenic Route"... this week's podcast almost defines exactly what Dale is talking about. In retirement planning, we tend to see people who are so worried about the stock market, or people who are so worried about running out of money that they don't take the time to enjoy the scenery around them. Dale paints the perfect image that will not only take you the scenic route but will also walk...

Dale brings you the most recent radio show where he discusses the parallels of retirement planning and learning how to fly. The beginning may not be that difficult, during the middle, you just have to keep it steady, but the ending comes down to a critical moment where one wrong thing can mess up the whole plan! Learn ways that you can prevent your saved assets from being ruined by a plane crash....

On this Episode of The Retirement Matters Show, Dale is talking to Josh Turner, a co-founder of the 10ten project, pastor, leader, husband, and, most importantly, a father. Josh has a great story of perseverance, faith, and it teaches a great lesson on how to LIVE HAPPY. DISCLOSURE: R.D. Smothers Wealth Management is a state registered investment adviser under the laws of the Commonwealth of Kentu...

On this Episode of the Retirement Matters Podcast Dale, brings you the most recent radio show where he discusses the Inflation Reduction Act. He brings basic information to you as a retiree and how it may impact you should it come to fruition. DISCLOSURE: R.D. Smothers Wealth Management is a state registered investment adviser under the laws of the Commonwealth of Kentucky. Registration as an inve...

On this episode of the Retirement Matters Podcast Dale pauses for positivity! Now this isn't necessarily financially related, be here at RDS Wealth we believe in Saving Money, Planning Well, and Living Happy. Today's episode is all about that third component. So tune in and pause for positivity! DISCLOSURE: R.D. Smothers Wealth Management is a state registered investment adviser under the laws of...