Retire Simply Podcast

Episode 53: Annuities Myth 7

July 27, 2021 11:00 - 14 minutes - 19.8 MB

Annuities comes to a close with our last myth. This week we cover care and how this tool can help you solve the care piece of your retirement. Three takeaways: • What Care Looks Like • Long Term Care Events • Busting the Last Myth

Episode 52: Annuities Myth 5 and 6

July 20, 2021 11:00 - 18 minutes - 25.1 MB

We continue with our myth busting of annuities and we also touch on the confusion around different types of tools and how they work when it comes to taxes. Three takeaways: • Tool vs. Taxes • Insurance Company Myth • Re-creating Income Myth

Episode 51: Annuities Myth 3 and 4

July 13, 2021 11:00 - 21 minutes - 29.7 MB

We continue with our myth busting of annuities. There are many opinions when it comes to using this tool in your retirement. We are here to take some of those myths and see how we can come to different conclusions, so you might get a different perspective. Three takeaways: • Fixed Income Sub • Higher Upside Potential • Busting Myths 3 & 4

Episode 50: Annuities and Myth 1 and 2

July 06, 2021 17:42 - 17 minutes - 24 MB

The world of annuities is a bit of a mystery. They can be used in different ways and we get many questions when it comes to this tool. This month we will focus on the many things we hear about annuities and “bust” some of those ideas in order to get down to how they can be used in retirement. Three takeaways: • Understanding Annuities • Myths You Have Heard • Busting the Myths

Episode 47: Tax Investments

June 08, 2021 10:00 - 17 minutes - 24.2 MB

Wouldn’t it be nice to have more money in your pocket and not give it all over to the IRS? This episode discusses how to be aware of the types of accounts you own and what it does to your income, to be able to be more tax efficient. Three takeaways: Mutual Funds Re-investment Convert taxable $

Episode 46: Taxes and Spouses

June 01, 2021 10:00 - 14 minutes - 19.9 MB

It takes planning when it comes to taxes. When your life changes, it can take even more planning. No one who is married wants to think about losing a spouse, but when your life situation changes, taxes need adjusting. Three takeaways: Life Changes MFJ vs SF Tax Rate Changing

Episode 45: Travel

May 25, 2021 10:00 - 19 minutes - 26.3 MB

When it comes to traveling this year things have been tough. Trips have gotten moved further out and some never even happened we couldn’t get to the places we wanted to go. We know many of you have been dreaming about traveling, so here are some top spots that are recommended now that we can go again. Three takeaways: Local and World Weekend Getaway Family

Episode 44: Inflation is Here

May 18, 2021 10:00 - 22 minutes - 31 MB

The price of good and services has gone up since January. Inflation can be a risk to your retirement. It is good to take a look at this in within the scope of your entire retirement plan. Join us this episode as we discuss ideas for how to deal with inflation. Three takeaways: Grocery Bill Ideas Standing to Lose

Episode 43: Biden Tax Plan

May 04, 2021 10:00 - 17 minutes - 23.5 MB

The proposed Biden tax plan can be confusing. What does it mean to the average person? In this episode we talk a little about how this plan is laid out and how you can evaluate your retirement when it comes to the new proposal. Three takeaways: Family Care Act Changes Could Happen Evaluate Your Plan

Episode 42: Pork Carnitas YUM YUM

April 27, 2021 10:00 - 20 minutes - 27.7 MB

Spring has sprung and we hope gatherings will happen soon. We are taking a break from retirement talk to give you a spring dish that your stomach will thank you for. If you are getting together with others, here is a great recipe that your family or friends will enjoy eating! Three takeaways: Passing On Recipes Take It to the Next Level Leftovers Click here for the recipe!

Episode 41: Junk Drawer

April 19, 2021 10:00 - 17 minutes - 23.9 MB

Most people do a good job of saving for retirement. Many people have advisors they have use along the way to help them. I tis important to know that when you get to retirement, it is a whole new ballgame. There needs to be organizational components to help you, so all your assets don’t look like things just thrown in a junk drawer. Key Takeaways: Pieces of a Puzzle All About the Flow Mindset Switch

Episode 40: Inflation Translation

April 13, 2021 10:00 - 18 minutes - 25.3 MB

There are some terms that we just need to dive deeper into and inflation is one. One question we get on a regular basis is “Can you help us now with some planning related to inflation, because we think it could be coming?” This episode is all about things to think about if inflation goes up. Three takeaways: What is Inflation? Eroding Values How it Creeps Up

Episode 39: Trillions to the Moon

April 06, 2021 10:00 - 22 minutes - 31.3 MB

The term “trillion dollars” is just normal these days! This is a lot of money, but we hear it now as we talk about the budget and the stimulus packages within the last year. What does this term mean for your retirement? Key Takeaways: Borrowing $ Fund with Taxes Headlines

Episode 38: Risk Roundup

March 30, 2021 10:00 - 17 minutes - 23.5 MB

There is so much out there when it comes to risk that makes it easy to get what we call “paralysis by analysis.” Should I use this or that? We get so caught up that we end up just resorting to what we think we should do. This is where we come in! Three takeaways: The Best Things Out There Using Tools Differently Self Management?

Episode 37: Preservation, NOT Accumulation

March 23, 2021 10:00 - 17 minutes - 23.8 MB

When thinking about the stock market and your money, it is always good to know how much you can stomach. There will be times in retirement when you have to take money out of your accounts. It is always good to be ready for some different scenarios to know how the market roller coaster rolls down the track. Three takeaways: Money IN vs Money OUT The Piece of Paper Taking $ Out

Episode 36: What is Your Score?

March 16, 2021 10:00 - 20 minutes - 28.5 MB

Many times we are taught that the rate of return is what matters. When saving for retirement, it doesn’t matter as much as you think. The money we keep is more important than the money we make. Find out more about your Risk Score.

Episode 35: Types of Risk

March 09, 2021 11:00 - 23 minutes - 31.8 MB

Your retirement plan needs to be flexible when it comes to risk. There are many ways to consider risk. There are a few types of risk we want to share with you, so that you understand what it does to your retirement planning. Key takeaways: Legislative Risk Interest Rates Inflation Risk

Episode 34: Unpredictability

March 02, 2021 11:00 - 17 minutes - 24.6 MB

The market can be volatile. It changes and we can’t control the ups and downs. We can control how much we want to participate in the up and down of the market. This means we have to consider our risk and plan for it. You always plan for the rain when it is sunny outside. This means there is no time like the present to assess your risk and adjust your plan. Three takeaways: Look at Layers Take Care of Downside Learning from Experiences

Episode 33: Roth 101

February 16, 2021 11:00 - 22 minutes - 30.7 MB

Last episode we discussed meat on the bone and this week we are going to talk about what you can do with that extra meat. Roth IRA’s are just one opportunity you have when it comes to retirement. Since there are many ways to navigate these accounts, we want to give you a quick overview of how they work. Three takeaways: Roth Myths What is earned income? Limits & Deadlines

Episode 32: Meat on the Bone

February 09, 2021 11:00 - 20 minutes - 27.5 MB

You can get a handle on your taxes! The government controls rates, but there are other things you can control. There are ways to control parts of your income. There are certain accounts that deal with additional savings that can be taxed forever and these are the accounts to look at closely. Also, knowing your tax bracket and how to use it can help you. Taxes are not a year to year project. It is important to look at your tax life journey. Three takeaways: Control Flow Tax Bracket Parti...

Episode 31: 3 Tax Buckets

February 02, 2021 11:00 - 24 minutes - 33.2 MB

It is that time of year! It is time for taxes and we want you to consider some things. We are looking at 3 categories and what the money does in each. Key takeaways: Categories to Consider Macro vs. Micro Benefit the Kids

Episode 30: Choice Matters

January 26, 2021 11:00 - 14 minutes - 20.5 MB

Income gives us choices in retirement, so we have been spending this month talking about what you need to know when it comes to your income. Key takeaways: Income Review Rates of Return Risk Diversification

Episode 29: More Income

January 19, 2021 11:00 - 15 minutes - 21.4 MB

We are continuing to talk about income and what you need to know to help ensure you have what you need each month. Three takeaways: "No Matter What" Income Fluctuation Income Income strategies to help cover you and your spouse

Episode 28: Do I Have Enough?

January 12, 2021 11:00 - 16 minutes - 22.2 MB

There is one question that we get from the people we work with over and over. Three takeaways: Define “Enough” Want to vs Have to Extras For your copy of the Compass Retirement Budget Worksheet, click here!

Episode 27: Re “SOLUTIONS”

January 05, 2021 11:00 - 20 minutes - 28.5 MB

It is the start of a new year! There are times when we say, “we will worry about retirement when we get closer to it.” Why not take 2021 to do some planning and get your goals set? Three takeaways: Target Income Over Exposed Risk More $ in Your Pocket

Episode 26: Thank You 2020

December 22, 2020 11:00 - 10 minutes - 14.6 MB

2020 was a year filled with unexpected elements. Some people are ready to move on from 2020, but at Compass we take time to say thanks. We hope you all blaze new trails in 2021. Merry Christmas and Happy New Year! Three takeaways: Getting Punched in the Face Looking Back Looking Forward

Episode 25: Charitable Gifting

December 15, 2020 11:00 - 16 minutes - 23.1 MB

When it comes to charity, many retirees are not sure how this strategy fits into their planning. There are ways to give back in retirement. Here are some ideas to think about when giving generous donations. Three takeaways: The Pledge Common Parts of Trusts 2021 & Beyond

Episode 24: The Gift of a Legacy

December 01, 2020 11:00 - 15 minutes - 20.9 MB

It’s December so why not talk about legacy planning! As you spend the end of the year with family over the holidays, it is a great time to think about your legacy and what you want to leave to them. It is also a good gift to give yourself because when you have a plan in place, you feel more prepared in retirement.

Episode 23: Gratitude

November 17, 2020 11:00 - 21 minutes - 29.7 MB

We are a week from Thanksgiving and we are reflecting on all the things to be grateful for during this time. We hope going into this week as we head toward Thanksgiving, you all take some time to appreciate what you have even in 2020 when things have been a little challenging. Three takeaways: Concept of Retirement Good to Have Income Our Freedom is a Gift

Episode 22: Holiday Recipe

November 10, 2020 11:00 - 16 minutes - 22.2 MB

Compass Retirement is a place where we like to share our lives with you. We know life isn’t just about retirement. Now more than ever the holidays are a special time. In this special episode Angela share a secret family recipe that you could use for Thanksgiving. Three takeaways: Thanksgiving menus Having the Right Ingredients Time to Get Cooking

Episode 21: Plan for the Holidays

November 03, 2020 11:00 - 15 minutes - 21.5 MB

Some people put more planning into the holiday season then they do their retirement. The end of the year is coming and we want you to go through Thanksgiving and Christmas relaxing, not stressing. Three takeaways: Curveballs Putting in the Work “After the Holidays” Attitude

Episode 20: Are You Ready for the Election?

October 27, 2020 10:00 - 16 minutes - 22.4 MB

We are only a week away from the Presidential Election. You need to be prepared regardless of who wins. This is a special episode from Scott talking about things to just think about as we approach the election. Three takeaways: Keep Calm and Carry On Look at Market Accounts Tax Free Accounts

Episode 19: Life Insurance CAN BE in Your Plan?

October 20, 2020 10:00 - 21 minutes - 29.1 MB

When thinking about life insurance in different ways, you can get creative. Many people aren’t familiar with the ways you can implement this tool into your overall plan. Three takeaways: Paying for Care Activities of Daily Living The $ You Don’t Need

Episode 18: What Type to Get?

October 13, 2020 10:00 - 23 minutes - 32.4 MB

Now that you know life insurance can be beneficial in retirement…Did you know there are different types? This episode helps you navigate what type you may need in retirement. Three takeaways: Term Insurance Permanent Insurance Criteria to Meet

Episode 17: Why Would I Need Life Insurance

October 06, 2020 10:00 - 16 minutes - 22.5 MB

Just another tool in your tool belt to be used the way you need it. Life insurance can be used in ways you might not know. This episode talks about how to structure life insurance and use it in a way that can benefit your retirement. Three takeaways: Portable Life Insurance Paying for Care How to Deal with Income Loss

Episode 16: Win, Lose, or Draw: Election 2020

September 29, 2020 10:00 - 15 minutes - 21.1 MB

Election is at the forefront of many people’s minds. What are things you can do to prepare regardless of who wins? Three takeaways: Unknowns and the Market Piece of the Pie All About Balance

Episode 15: Medicare 101

September 22, 2020 10:00 - 24 minutes - 34 MB

Medicare can be somewhat confusing. Many people have questions about what Medicare covers. You can take this information and make decisions to customize it for your own situation.

Episode 14: It May Not Seem Fair, but It’s Reality

September 15, 2020 10:00 - 18 minutes - 25.8 MB

Taxes have a specific way of working when it comes to Social Security. We will talk about what you need to know to keep the most dollars in your pocket.

Episode 13: Leaving $ on the Table

September 08, 2020 10:00 - 23 minutes - 32.7 MB

You paid into it. You should get the most out of it. There are additional benefits that you could get, but you have to know how to get access to those benefits. Offer: Get your complimentary FIFTEEN MINUTE INTRODUCTORY PHONE CALL WITH SCOTT SCHEDULE YOUR CALL! Link to Calendly: https://calendly.com/info-12024/15mincall

Episode 12: Making Sense of Social Security

September 01, 2020 10:00 - 24 minutes - 34.2 MB

Many times we spend more time planning our vacations then strategizing about social security. You need to plan like you are going to live for a long time. These episodes discuss will help you navigate the waters of social security. For more information on Social Security, visit https://www.ssa.gov/ Offer: Get your complimentary FIFTEEN MINUTE INTRODUCTORY PHONE CALL WITH SCOTT SCHEDULE YOUR CALL! Link to Calendly: https://calendly.com/info-12024/15mincall

Episode 11: Risk and Your Overall Plan - Part 2

August 25, 2020 10:00 - 23 minutes - 32 MB

When you look at risk, the key can be organization. Where does the money need to go based on risk of growth and risk of withdrawal? Buckets can be a good way to plan when thinking about risk.

Episode 10: Risk and Your Overall Plan

August 18, 2020 10:00 - 22 minutes - 30.9 MB

In retirement we go from being a saver to being a spender. When this starts to happen, the market going up and down could mean a lot to your retirement. In this episode, we discuss how taking money out can change your bottom line and how that relates to risk when planning for retirement.

Episode 9: Know The Score

August 11, 2020 12:00 - 21 minutes - 29.3 MB

The Right ? to Ask The Bumper Scenario How much can you stomach?

Episode 8: Risky Business

July 28, 2020 15:44 - 19 minutes - 26.6 MB

Types of Risk The Risk Multiplier Level of Risk

Episode 7: Design It, Map It, Build It

July 28, 2020 10:00 - 21 minutes - 29.4 MB

When you see a retirement planner, many times you want to know what it will be like to visit with them. In this episode we discuss our 3 Step Process we use to help you retire with joy, freedom and confidence. This is where the skill and plans take place to make sure you have saved in retirement.

Episode 6: Generating Income

July 21, 2020 10:00 - 20 minutes - 28.6 MB

Retirement is all about income because income gives us a choice. The more income you have in retirement, the more likely you are to be successful in achieving your retirement goals. Income equals choice and we all love having choices. Planning your income in retirement is crucially foundational. Listen to us explain what it means to generate income in retirement. To sign up for our complimentary dinner event, visit https://compassretirement.com/attend-an-event/, or call our office at (...

Episode 5: The Perfect Day

July 14, 2020 10:00 - 18 minutes - 25 MB

Many of you out there have been dreaming of retirement, hoping that one day it would come. One day is fast approaching or for some of you it is here, so what do you want to do in retirement? For some it is filled with grandkids, traveling, or moving to the place you always wanted to live. It is always good to know how much money it will take to support and make these hopes and dreams a reality.

Retire Simply Podcast

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