The Income For Life Show
105 episodes - English - Latest episode: about 1 month ago - ★★★★★ - 4 ratingsThe Income For Life Show, powered by Folds Of Honor.
Join the Income For Life team as they discuss common financial and retirement income concerns and break them down in an easy-to-understand way. No financial jargon (without an explanation) on this show!
Retirement, annuities, income, taxes, planning, common mistakes, the stock market, emotions... We cover it all on the Income For Life Show.
The Income For Life Show is powered by Folds of Honor, a 501c3 non-profit organization dedicated to providing educational scholarships to the families of America’s fallen and disabled service-members..
About Income For Life: Your Top Rated National® Retirement Resource
You should not have to struggle on your own to figure out how best to fund your retirement years. The process can often be complicated and frustrating without the right people at your back. We provide a variety of income planning tools to help you know that you will have guaranteed income throughout your retirement.
From the top national annuity products to help with social security planning, we have searched for the very best solutions for our clients. You won’t have to dig through the thousands of options available for you and read all the fine print. We’ve already done that for you!
Visit www.incomeforlife.org or call 888-228-8814 to speak with a member of the team today!
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Episodes
Are You Flirting With Disaster?
April 13, 2021 19:09 - 54 minutes - 50.9 MBMatt and Nick discuss 5 areas of your financial life where you might be flirting with disaster and don’t even know it. The guys will also answer an email question about investing in just one stock. Show Notes: Get Your Guaranteed Annuity - https://apply.nfg.com/simpleannuity/index.html?a=SU5DTDE= Get Access To The IFL Manual Vault - https://www.incomeforlife.org/get-your-roadmap-for-retirement/ 888-228-8814 incomeforlife.org foldsofhonor.org
March Madness & Retirement Planning
April 01, 2021 17:31 - 51 minutes - 46.7 MBWith March Madness about to come to a close and the NBA Playoffs around the corner, basketball is still on the mind for some people. What can we learn about retirement planning by exploring some concepts in the game of basketball? We also discuss how the city you live in can have a drastic impact on your retirement plan. Show Notes: Get Your Guaranteed Annuity - https://apply.nfg.com/simpleannuity/index.html?a=SU5DTDE= Get Access To The IFL Manual Vault - https://www.incomeforlife.org/...
Alternative Investments
March 16, 2021 19:29 - 58 minutes - 54.3 MBThe “normal” investment world already seems crowded with endless possibilities of companies and ways to invest. Yet there’s a segment of the market classified as alternative investments that many people find intriguing. Could there ever be a place for alternative investments in your portfolio? We discuss the top alternative investment products and why we feel the risk may not be worth the reward for some of them. Show Notes: Get Access To The IFL Manual Vault - https://www.incomeforlife....
This Is Why You Never Assume
March 02, 2021 22:16 - 50 minutes - 46.6 MBWe often see people making certain assumptions about retirement that just aren’t correct. Matt and Nick explore some common assumptions that they see in their office. Show Notes: Get Access To The IFL Manual Vault - https://www.incomeforlife.org/get-your-roadmap-for-retirement/ 888-228-8814 incomeforlife.org foldsofhonor.org
Does The Rule Of 100 Still Work?
February 16, 2021 20:51 - 45 minutes - 41.9 MBThe financial industry has held many general rules of thumb throughout the years, but one of the most popular ones is the rule of 100. If you subtract 100 from your age, that's percentage of stocks you should have in your account. This may be a good place to start, but it's certainly not a financial plan. Matt and Nick discuss their thoughts on this rule of thumb and talk about the 3 strategies to help replace your paycheck. Show Notes: Get Access To The IFL Manual Vault - https://www.in...
Explaining GameStop’s Meteoric Stock Rise And Lessons Learned From A Wild Wall Street Week
February 03, 2021 16:13 - 47 minutes - 43.4 MBYou probably heard all about GameStop stock and buzzwords like short squeeze, Reddit’s Wall Street Bets, and hedge funds the last week of January. But what really happened that had all of the financial media world stirred up and Alexandria Ocasio-Cortez and Donald Trump Jr. actually agreeing about something? We’ll seek to explain what happened and cover some lessons learned from the events. Show Notes: Get Access To The IFL Manual Vault - https://www.incomeforlife.org/get-your-roadmap-fo...
Invest Like A Billionaire
January 21, 2021 15:22 - 45 minutes - 41.4 MBMatt and Nick discuss the five ways the super-rich think and how you can use these same concepts in their retirement. Show Notes: Get Access To The IFL Manual Vault - https://www.incomeforlife.org/get-your-roadmap-for-retirement/ 888-228-8814 incomeforlife.org foldsofhonor.org
The Roth Conversion
January 05, 2021 20:39 - 45 minutes - 41.5 MBIs a Roth Conversion right for you? There are many different financial firms advertising this strategy right now, but it can be difficult to know this is truly something that will work well with your plan. We dive into how a conversion works, how taxes are paid, and the long-term effects of this process. Show Notes: Get Access To The IFL Manual Vault - https://www.incomeforlife.org/get-your-roadmap-for-retirement/ 888-228-8814 incomeforlife.org foldsofhonor.org
New Stimulus Package & End Of Year Planning
December 22, 2020 19:22 - 54 minutes - 49.6 MBA 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. Show Notes: Get Access To The IFL Manual Vault - https://www.incomeforlife.org/get-your-ro...
The Conversation No One Wants To Have
December 08, 2020 15:15 - 50 minutes - 46.5 MBAs 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 potentially happen if you don't bring these topics up. Show Notes: PDF - Practical Tips: Who to contac...
Trust Your Gut
November 24, 2020 20:54 - 46 minutes - 42.4 MBMany 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 how a guaranteed lifetime income plan can make you happier in retirement. Show Notes: Lifetime...
Election 2020
November 04, 2020 20:22 - 45 minutes - 42.8 MBThis 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 considerations and how the overall economy is looking currently. Show Notes: Ways To Create Your Re...
Elections & The Market
October 21, 2020 19:36 - 42 minutes - 39.6 MBThis 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. Show Notes: Ways To Create Your Retirement Paycheck - https://dta0yqvfnusiq.cloudfront.ne...
Retirement's 4 Percent Rule
October 06, 2020 18:29 - 40 minutes - 37.9 MBThere 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 4 Percent Rule Of Retirement
October 06, 2020 18:29There 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: 833-450-3062 incomeforlife.org foldsofhonor.org
The 4 Percent Rule Of Retirement
October 06, 2020 18:29There 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: 833-450-3062 incomeforlife.org foldsofhonor.org
Rolling Over Retirement Accounts From An Old Employer
September 22, 2020 18:45 - 44 minutes - 41.3 MBThe 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
The Cost Of Waiting
September 08, 2020 18:50 - 46 minutes - 64.4 MBThere 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 incomeforlife.org foldsofhonor.org
COVID & The Markets
August 26, 2020 14:30 - 47 minutes - 65.2 MBThe 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.org
The Three C's of Retirement
August 13, 2020 02:02 - 42 minutes - 58.4 MBThe 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?
January 31, 2017 17:00 - 32 minutes - 11.3 MBWhat Will Retirement Look Like In A Trump Presidency?
The 8 Percent Annuity Return Discussion
January 30, 2017 17:00 - 32 minutes - 11.3 MBThe 8 Percent Annuity Return Discussion
Occam's Razor And Retirement Planning
January 29, 2017 17:00 - 30 minutes - 10.4 MBOccam’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-in-hand with Occam’s Razor.
Retirement Survival Of The Fittest
January 27, 2017 17:00 - 30 minutes - 10.4 MBHave 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 months, it’s easy to start wondering. With uncertainty in the stock market and the economy comes ...
Remaining "Status Quo" In Retirement - Good Or Bad Idea?
January 25, 2017 17:00 - 30 minutes - 10.3 MB“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 daily routine you have when waking up in the morning, you better think twice when you leave the wo...
The Obituary Of Common Sense
January 23, 2017 17:00 - 30 minutes - 10.3 MBSometimes, 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…
The Failed Experiment
January 22, 2017 17:00 - 30 minutes - 10.3 MBHistory 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.
The Ultimate Retirement Income Solution
January 21, 2017 17:00 - 30 minutes - 10.3 MBQ: 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. Listen in to learn more about The Ultimate Retirement Income Solution.
The Retirement Crisis No One Talks About
January 15, 2017 17:00 - 30 minutes - 8.59 MBIf 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.
What Happened The Last Time Oil Prices Dropped Like This?
January 14, 2017 17:00 - 30 minutes - 8.61 MBFilling 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 this.
Investing In the Stock Market In Retirement
January 12, 2017 17:00 - 30 minutes - 8.6 MBSo, 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 their retirement nest eggs in the 2008 market decline. If you want to avoid the possibility ...
An Elementary Math Equation
January 10, 2017 17:00 - 30 minutes - 8.59 MBProper 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.
20 Year History of FIA Plans
January 08, 2017 17:00 - 30 minutes - 8.62 MBIn 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 great confidence for the future. With that said, take a listen to the twenty-year history of the...
The 7 Retirement Income Planning Risks and How to Avoid Them
January 04, 2017 17:00 - 30 minutes - 8.61 MBProper 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.
Your Behavior and Why it Matters to Your Money
January 02, 2017 17:00 - 30 minutes - 8.61 MBIf 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 behavioral mistakes that most of us make every day. On today’s show, we identify several comm...
Annuities: The Good, The Bad and The Fine Print
January 01, 2017 17:00 - 30 minutes - 8.6 MBToday, the #1 fear in retirement is outliving your money, and it makes sense. How do you know if you have saved enough for retirement? The fears are real. On today’s show, we look at the only financial product out there that can offer the promise of a guaranteed lifetime income stream in retirement – and that is an annuity. We will uncover the good, the bad and the fine print.
How To Choose The Right Investments For You
December 31, 2016 17:00 - 30 minutes - 8.61 MBFor the average person, understanding different investments, the choices you have on your plans, the risk each option carries, etc…it’s just flat out confusing! If you have not spent time educating yourself or just simply don’t have the interest to do so, you might not be very optimistic. Even worse, you may have hired a financial adviser thinking they will help your investments and provide you with more education, only to leave their office more confused than when you went in. Listen to...
Understanding Your 401k Choices
December 29, 2016 17:00 - 30 minutes - 8.6 MBThe 401k account has become one of the most popular and most commonly held investment accounts in the country. Over the past 30-40 years, we have seen the number of 401k plans steadily rise – and the number of pension plans steadily fall. Employers are shifting and are now opting to install the less expensive 401k plans. Today’s podcast is all about warning you that you must have a better understanding of how important your 401k choices are, because the lack of education across all facets ...
The Three Phases Of Your Financial Life
December 25, 2016 17:00 - 30 minutes - 8.6 MBThere are fundamental differences and changes that every investor must consider as they move along their path towards, and into, retirement. Investing your money properly for each phase can make a huge difference as far as when you might be able to retire. The three phases is very simple to explain. Take a listen to today’s podcast discussing The Three Phases Of Your Financial Life.
The Correlation Between Gambling and Investing
December 24, 2016 17:00 - 30 minutes - 8.6 MBYou have probably heard the phrase “the stock market is just another form of gambling”, and in some instances that is absolutely true. Perhaps it can be deemed more socially acceptable way to gamble, as the amount of participants that use the stock market may outweigh the amount of people who regularly gamble. At any rate, our goal for this podcast is to help you understand the direct correlations between gambling at a casino and investing money in the market.
The Rise of the Robo-Adviser!
December 21, 2016 17:00 - 30 minutes - 8.6 MBUsing a ‘robo-adviser’ is all the rage right now, especially since Charles Schwab recently joined the party marketing the first worldwide “name” to accept this new way of investing as a mainstream option. What retirees and near-retirees are trying to understand is how these things actually work, what makes them better or worse than traditional options and how to understand whether they should give it a go – but one thing is very clear: You can’t “Robo” retirement. Take a listen to today’...
Choosing Between a Lump Sum and a Pension
December 17, 2016 17:00 - 30 minutes - 8.6 MBWith every passing year, more and more employers are deciding to offer lump-sum buyout offers to eradicate their books from the lengthy list of pensions they are on the hook for. Retirees and near-retirees alike are getting lump-sum offers on a regular basis – but which is right? Today’s podcast discusses the pros and cons of each strategy to help you determine which is best for you: the Lump Sum or the Pension Plan.
Comparing Wall Street To Casinos Isn’t Fair – To The Casinos
December 14, 2016 17:00 - 30 minutes - 8.61 MBThere are tons of comparisons from all walks of life discussing how Wall Street is ‘just like a casino‘ because you can lose your money just as fast as you win it. If I was a casino owner, I would be FUMING MAD at this comparison because I would never want to be compared in the same sentence as Wall Street. In the United States of America, it is illegal to operate a betting scheme, except in Nevada, Oregon, Delaware, and Montana – but Wall Street is a completely different game entirely. It...
Can You Retire Early?
December 10, 2016 17:00 - 30 minutes - 8.6 MBMost people tend to focus on the big picture when considering whether or not an early retirement is an option, when in reality it’s all of the small risks that they need to make sure they have a handle on. Having a lot of money saved for retirement is all fine and good, but is it going to be enough? Do you have enough to make it last? Today’s show breaks down the most important things you need to consider before you determine whether or not you have enough to retire early.
What To Know About Your Social Security Benefits
December 01, 2016 17:00 - 30 minutes - 8.59 MBOne of the most common areas that pre-retirees and retirees have surrounds their Social Security benefits. For most people, they understand that they are entitled to some sort of a benefit, and they are estimating that based on years of receiving a ‘statement of benefits’ from the Social Security Administration. However, as you know, the program is much more complex. Common questions involve WHEN to take Social Security, how the spousal benefit works, and whether or not a a pension will af...
Underestimating What You Need In Retirement
November 30, 2016 17:00 - 30 minutes - 8.6 MBAs thousands of baby boomers rush into the retirement system each and every day, planning for the retirement you hoped for can be a tough task. After all, people have worked a lifetime in most cases to accumulate what they have – and ever before, until now, have they had to attempt to develop a plan that will help them spend some of their savings. Common questions revolve around whether or not you have saved enough to how long can I make my savings last. While using a retirement calculator...
MythBusters! The Four Investments Myths That Could Affect You During Retirement
November 28, 2016 17:00 - 30 minutes - 8.6 MBWith so many different investment methodologies and investment philosophies out there today, it is important to sort out the good advice from the bad. Many investors might experience ‘decision paralysis’ when presented with all of the different options they have available to them. The ‘rules of thumb’ are typically a good place to start. However, these same rules could also cause just as much harm as they do good. Today’s podcast is our own version of the hit TV show ‘MythBusters’ as we ...
The CD Buyer’s Guide to Safe or Safer Alternatives
November 27, 2016 17:00 - 30 minutes - 8.6 MBAs you already know, CD interest rates are still in the gutter. It has been almost ten years since CD’s were a viable growth option for your money. I know that many have held on in hopes that rates will come back. Unfortunately, if you have a CD that comes due this year or you recently had a CD renew, you know that rates are even worse than they were just a few short years ago. So, if you are looking for an alternative for your CD money, you are in the right spot! Listen in to Income For L...
How Emotions Can Influence Smart Investing
November 25, 2016 17:00 - 30 minutes - 8.6 MBWe often talk a lot about proper income planning, and managing tolerance, or even how to choose the right advisor. One area of finance that is sometimes neglected is the idea of how an investor’s individual behaviors and emotions can severely influence their chances at success – specifically in retirement. Pre-retirees and retirees have been saving money their entire lives with hopes that one day that will have saved enough to retire comfortably and enjoy their golden years. It doesn’t tak...
Is America’s Retirement System Failing You?
November 21, 2016 17:00 - 30 minutes - 8.6 MBDoes this sound familiar? Thousands of Baby Boomers rushing into retirement each and every day…pensions underfunded all over the country…Americans living longer and pushing the retirement system to it’s threshold…you get the drift, right? The American retirement system is under duress and is causing problems for thousands of people. And although we have seen plenty of press and media coverage about the pitfalls of the system, we still haven’t seen much by the way of reform. But, there is a...