Retire Smarter with Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP®
202 episodes - English - Latest episode: 9 days ago - ★★★★★ - 22 ratingsPlanning Retirement Smarter. Living Retirement Better. With Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP® of True Wealth Design. #Retire #Stocks #Investing #401k #IRA #CFP #TrueWealthDesign. Contact at https://www.truewealthdesign.com/ or by calling 855-893-7526.
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Episodes
Mortgage Management
August 15, 2019 09:00 - 33 minutes - 45.9 MBMost financial people only focus on your assets. Listen to Kevin share four examples of clients where better incorporating a holistic view of their finances -- assets and liabilities included -- made a significant financial improvements in each of their lives. For more about True Wealth Design, visit: http://www.truewealthdesign.com/
Ep 26: Mortgage Management
August 15, 2019 08:00 - 33 minutes - 45.9 MBMost financial people only focus on your assets. Listen to Kevin share four examples of clients where better incorporating a holistic view of their finances -- assets and liabilities included -- made a significant financial improvements in each of their lives. For more about True Wealth Design, visit: http://www.truewealthdesign.com/
Death Of The Stretch IRA
August 01, 2019 09:00 - 34 minutes - 46.9 MBBelieve it or not Congress actually agrees on something ... that your beneficiaries shouldn't be allowed to stretch IRA required distributions over their lifetime. Listen in to hear Kevin talk about this likely law change is an issue, who is mostly affected (hint: larger IRA owners), and what to do about it. For more about True Wealth Design, visit: http://www.truewealthdesign.com/
Ep 25: Death Of The Stretch IRA
August 01, 2019 08:00 - 34 minutes - 46.9 MBBelieve it or not Congress actually agrees on something ... that your beneficiaries shouldn't be allowed to stretch IRA required distributions over their lifetime. Listen in to hear Kevin talk about this likely law change is an issue, who is mostly affected (hint: larger IRA owners), and what to do about it. For more about True Wealth Design, visit: http://www.truewealthdesign.com/
Reasons to Invest Internationally
July 18, 2019 17:34 - 24 minutes - 34.1 MBHow much money do you have in international investments? How much should you have? Listen to Kevin discuss what the science of investing says and why you are likely underallocated to international markets. And be sure to listen to the end where he shares a story of a recent conversation with a new client related to international investing. For more about True Wealth Design, visit: http://www.truewealthdesign.com/
Ep 24: Reasons to Invest Internationally
July 18, 2019 16:34 - 24 minutes - 34.1 MBHow much money do you have in international investments? How much should you have? Listen to Kevin discuss what the science of investing says and why you are likely underallocated to international markets. And be sure to listen to the end where he shares a story of a recent conversation with a new client related to international investing. For more about True Wealth Design, visit: http://www.truewealthdesign.com/
What Is Financial Life Planning?
July 03, 2019 09:00 - 31 minutes - 43.5 MBFinancial life planning is being purposeful in continually moving your life in the direction you desire and then matching your finances to support it. Said another way, it is financial planning done right. Listen to Kevin share a story of a client evaluate trade-offs and find a work-life balance that is better for them. He also shares a story of how he and his wife made big life changes after their first child was born ... changes that would require Kevin to work several more years before th...
Ep 23: What Is Financial Life Planning?
July 03, 2019 08:00 - 31 minutes - 43.5 MBFinancial life planning is being purposeful in continually moving your life in the direction you desire and then matching your finances to support it. Said another way, it is financial planning done right. Listen to Kevin share a story of a client evaluate trade-offs and find a work-life balance that is better for them. He also shares a story of how he and his wife made big life changes after their first child was born ... changes that would require Kevin to work several more years before th...
Will Social Security Be There For Me?
June 20, 2019 09:00 - 17 minutes - 23.4 MBSocial Security’s future solvency is a regular discussion point when considering your retirement planning. Simply put: can you rely on receiving what is shown on your Social Security statement? Tune in to hear the latest nuggets from the 2019 Social Security Trustee’s report – he read it so you don’t have to – and what Kevin believes to be the most likely reforms. For more about True Wealth Design, visit: http://www.truewealthdesign.com/
Ep 22: Will Social Security Be There For Me?
June 20, 2019 08:00 - 17 minutes - 23.4 MBSocial Security’s future solvency is a regular discussion point when considering your retirement planning. Simply put: can you rely on receiving what is shown on your Social Security statement? Tune in to hear the latest nuggets from the 2019 Social Security Trustee’s report – he read it so you don’t have to – and what Kevin believes to be the most likely reforms. For more about True Wealth Design, visit: http://www.truewealthdesign.com/
The Story of Jane
June 06, 2019 09:00 - 29 minutes - 40.6 MBJane is in her mid 60s. She recently inherited money from her father and is soon to be getting remarried. She had two advisors – her own and now dad’s advisor – but didn’t have the clarity and confidence she felt she needed around her money and these big life transitions. Listen to Kevin share her story as she considered what she really wanted from a relationship with an advisor and wrestled with whether she had the type of financial situation to justify paying an advisor for help. For more...
Ep 21: The Story of Jane
June 06, 2019 08:00 - 29 minutes - 40.6 MBJane is in her mid 60s. She recently inherited money from her father and is soon to be getting remarried. She had two advisors – her own and now dad’s advisor – but didn’t have the clarity and confidence she felt she needed around her money and these big life transitions. Listen to Kevin share her story as she considered what she really wanted from a relationship with an advisor and wrestled with whether she had the type of financial situation to justify paying an advisor for help. For more...
Are Guarantees Worth It? Retirement Income Planning Series - Part 5
May 16, 2019 09:00 - 28 minutes - 39.3 MBWhen choosing investment vehicles, for many people the most important factor is the guarantee that they'll receive a certain amount of income across their lifetime. But what exactly will that guarantee cost you? We'll find out on the fifth and final episode in the Retirement Income Planning Series. For more about True Wealth Design, visit: http://www.truewealthdesign.com/
Ep 20: Are Guarantees Worth It? Retirement Income Planning Series - Part 5
May 16, 2019 08:00 - 28 minutes - 39.3 MBWhen choosing investment vehicles, for many people the most important factor is the guarantee that they'll receive a certain amount of income across their lifetime. But what exactly will that guarantee cost you? We'll find out on the fifth and final episode in the Retirement Income Planning Series. For more about True Wealth Design, visit: http://www.truewealthdesign.com/
Dynamic Strategy: Retirement Income Planning Series - Part 4
May 02, 2019 09:00 - 35 minutes - 48.3 MBWhen building a financial plan that's based around investing, it's important to take into account a handful of dynamic elements that will likely vary quite a bit throughout your retirement. Tune in to our fourth installment of the series to hear how you can organize your plan around dynamic market expectations, dynamic allocations, and dynamic spending. For more about True Wealth Design, visit: http://www.truewealthdesign.com/
Ep 19: Dynamic Strategy: Retirement Income Planning Series - Part 4
May 02, 2019 08:00 - 35 minutes - 48.3 MBWhen building a financial plan that's based around investing, it's important to take into account a handful of dynamic elements that will likely vary quite a bit throughout your retirement. Tune in to our fourth installment of the series to hear how you can organize your plan around dynamic market expectations, dynamic allocations, and dynamic spending. For more about True Wealth Design, visit: http://www.truewealthdesign.com/
Total Return Portfolio: Retirement Income Planning Series - Part 3
April 18, 2019 09:00 - 25 minutes - 35.4 MBIf you're taking a probability-based approach to investing as we discussed in the first part of this series, you'll need to build a strategy for how to most efficiently invest your savings to provide an income throughout retirement. That's where the Total Return Portfolio comes into play. For more about True Wealth Design, visit: http://www.truewealthdesign.com/
Ep 18: Total Return Portfolio: Retirement Income Planning Series - Part 3
April 18, 2019 08:00 - 25 minutes - 35.4 MBIf you're taking a probability-based approach to investing as we discussed in the first part of this series, you'll need to build a strategy for how to most efficiently invest your savings to provide an income throughout retirement. That's where the Total Return Portfolio comes into play. For more about True Wealth Design, visit: http://www.truewealthdesign.com/
Bad-Timing Risk: Retirement Income Planning Series - Part 2
April 04, 2019 09:00 - 27 minutes - 38 MBWe continue on with the series by discussing a lesser known type of risk called bad-timing risk. What happens when you retire into a bad period in the market? How can a few years of negative returns affect the outcome of your retirement? For more about True Wealth Design, visit: http://www.truewealthdesign.com/
Ep 17: Bad-Timing Risk: Retirement Income Planning Series - Part 2
April 04, 2019 08:00 - 27 minutes - 38 MBWe continue on with the series by discussing a lesser known type of risk called bad-timing risk. What happens when you retire into a bad period in the market? How can a few years of negative returns affect the outcome of your retirement? For more about True Wealth Design, visit: http://www.truewealthdesign.com/
Retirement Income Planning Series - Part 1
March 21, 2019 09:00 - 15 minutes - 21.1 MBFor many people, one of the biggest fears going into retirement is where money will come from when you're no longer receiving a paycheck. That's why creating a retirement income plan is so essential. Join us as we go over the basic strategies for building a retirement income plan on this first episode of the new series. For more about True Wealth Design, visit: http://www.truewealthdesign.com/
Ep 16: Retirement Income Planning Series - Part 1
March 21, 2019 08:00 - 15 minutes - 21.1 MBFor many people, one of the biggest fears going into retirement is where money will come from when you're no longer receiving a paycheck. That's why creating a retirement income plan is so essential. Join us as we go over the basic strategies for building a retirement income plan on this first episode of the new series. For more about True Wealth Design, visit: http://www.truewealthdesign.com/
Episode #15: Integrated Advice Is Better Advice
March 07, 2019 09:00 - 31 minutes - 42.9 MBWhen it comes to building a holistic retirement plan, all of the individual pieces should be working together harmoniously, whether that's planning, investing, or taxes. Let's talk about why integrated advice is often hard to come by, and why it's crucial to building a successful retirement plan. For more about True Wealth Design, visit: http://www.truewealthdesign.com/
Ep 15: Integrated Advice Is Better Advice
March 07, 2019 09:00 - 31 minutes - 42.9 MBWhen it comes to building a holistic retirement plan, all of the individual pieces should be working together harmoniously, whether that's planning, investing, or taxes. Let's talk about why integrated advice is often hard to come by, and why it's crucial to building a successful retirement plan. For more about True Wealth Design, visit: http://www.truewealthdesign.com/
Ep 14: Long-Term Return Expectations
February 21, 2019 09:00 - 34 minutes - 47.4 MBYou've likely heard that making short-term predictions about the market is just about impossible, but what about long-term predictions? Can experts accurately anticipate what will happen over the next 10 years? Kevin discusses a recent Morningstar article by Christine Benz about what you can take away from long-term stock and bond return predictions. For more about True Wealth Design, visit: http://www.truewealthdesign.com/
Episode #14: Long-Term Return Expectations
February 21, 2019 09:00 - 34 minutes - 47.4 MBYou've likely heard that making short-term predictions about the market is just about impossible, but what about long-term predictions? Can experts accurately anticipate what will happen over the next 10 years? Kevin discusses a recent Morningstar article by Christine Benz about what you can take away from long-term stock and bond return predictions. For more about True Wealth Design, visit: http://www.truewealthdesign.com/
Ep 13: Beating Up On Variable Annuities
February 07, 2019 09:00 - 32 minutes - 45.3 MBIf you listened to Episode #12, you heard the rundown on just about every type of annuity except the variable annuity. So what exactly is involved in a variable annuity, and why is it almost like a four-letter word to so many in the retirement community? Kevin will give you the details on what these annuities do, what you should look out for, and if there ever truly is a reason you would want to invest in one. For more about True Wealth Design, visit: http://www.truewealthdesign.com/
Episode #13: Beating Up On Variable Annuities
February 07, 2019 09:00 - 32 minutes - 45.3 MBIf you listened to Episode #12, you heard the rundown on just about every type of annuity except the variable annuity. So what exactly is involved in a variable annuity, and why is it almost like a four-letter word to so many in the retirement community? Kevin will give you the details on what these annuities do, what you should look out for, and if there ever truly is a reason you would want to invest in one. For more about True Wealth Design, visit: http://www.truewealthdesign.com/
Ep 12: Behind The Curtain Of Annuities And Free Steak Dinners
January 17, 2019 09:00 - 29 minutes - 40.7 MBHave you ever received an invitation to attend a steak dinner seminar event to learn about a financial product? Were you pitched an annuity? This is a popular phenomenon in the financial advising world and it's one that drives Kevin a little crazy. Join us on this episode as we take a peek behind the annuity curtain and talk about what's really happening at these free steak dinners. For more about True Wealth Design, visit: http://www.truewealthdesign.com/
Episode #12: Behind The Curtain Of Annuities And Free Steak Dinners
January 17, 2019 09:00 - 29 minutes - 40.7 MBHave you ever received an invitation to attend a steak dinner seminar event to learn about a financial product? Were you pitched an annuity? This is a popular phenomenon in the financial advising world and it's one that drives Kevin a little crazy. Join us on this episode as we take a peek behind the annuity curtain and talk about what's really happening at these free steak dinners. For more about True Wealth Design, visit: http://www.truewealthdesign.com/
Episode #11: Not Resolutions - Set Goals The Right Way To Start The New Year
January 03, 2019 09:00 - 24 minutes - 34.3 MBPeople struggle to keep their New Year's Resolutions. Instead, let's talk about what real goal setting looks like. Kevin will share some tips he's picked up from various coaches over the years that have proved fruitful in his own life and talk about how you can apply them going into the new year. For more about True Wealth Design, visit: http://www.truewealthdesign.com/
Ep 11: Not Resolutions - Set Goals The Right Way To Start The New Year
January 03, 2019 09:00 - 24 minutes - 34.3 MBPeople struggle to keep their New Year's Resolutions. Instead, let's talk about what real goal setting looks like. Kevin will share some tips he's picked up from various coaches over the years that have proved fruitful in his own life and talk about how you can apply them going into the new year. For more about True Wealth Design, visit: http://www.truewealthdesign.com/
Episode #10: Rules Gone Awry - A Lower Tax Bracket Part 2
December 20, 2018 09:00 - 29 minutes - 40.1 MBTime for part 2 of our conversation on the retirement rule gone awry that you'll be in a lower tax bracket at retirement. On this episode, we'll showcase a scenario where following this rule really puts you off track. For more about True Wealth Design, visit: http://www.truewealthdesign.com/
Ep 10: Rules Gone Awry - A Lower Tax Bracket Part 2
December 20, 2018 09:00 - 29 minutes - 40.1 MBTime for part 2 of our conversation on the retirement rule gone awry that you'll be in a lower tax bracket at retirement. On this episode, we'll showcase a scenario where following this rule really puts you off track. For more about True Wealth Design, visit: http://www.truewealthdesign.com/
Ep 9: Rules Gone Awry - A Lower Tax Bracket Part 1
December 06, 2018 09:00 - 22 minutes - 31.2 MBLet's continue our series on breaking down some of the retirement "rules" that have gone awry. This week, we'll begin a two-part series on the retirement rule that you should plan to be in a lower tax bracket in retirement. Is that really true? Listen to this week's podcast to find out. For more about True Wealth Design, visit: http://www.truewealthdesign.com/
Episode #9: Rules Gone Awry - A Lower Tax Bracket Part 1
December 06, 2018 09:00 - 22 minutes - 31.2 MBLet's continue our series on breaking down some of the retirement "rules" that have gone awry. This week, we'll begin a two-part series on the retirement rule that you should plan to be in a lower tax bracket in retirement. Is that really true? Listen to this week's podcast to find out. For more about True Wealth Design, visit: http://www.truewealthdesign.com/
Episode #8: Exorbitant Health Care Costs
November 15, 2018 09:00 - 25 minutes - 35.1 MBIn this episode, Kevin turns the tables on a handful of common misconceptions about health care costs in retirement. Find out the truth about what health coverage and long-term care actually might cost and how you can factor them into your overall retirement plan. For more about True Wealth Design, visit: http://www.truewealthdesign.com/
Ep 8: Exorbitant Health Care Costs
November 15, 2018 09:00 - 25 minutes - 35.1 MBIn this episode, Kevin turns the tables on a handful of common misconceptions about health care costs in retirement. Find out the truth about what health coverage and long-term care actually might cost and how you can factor them into your overall retirement plan. For more about True Wealth Design, visit: http://www.truewealthdesign.com/
Episode #7: Rules Gone Awry - The 4 Percent Rule
November 01, 2018 09:00 - 21 minutes - 29.8 MBYou've perhaps heard the 4 percent rule, that if you take 4% out of your investment account each year, you'll never outlive your money. Kevin talks about where this idea came from, and pokes some holes in this strategy in this third installment of Rules Gone Awry. For more about True Wealth Design, visit: http://www.truewealthdesign.com/
Ep 7: Rules Gone Awry - The 4 Percent Rule
November 01, 2018 08:00 - 21 minutes - 29.8 MBYou've perhaps heard the 4 percent rule, that if you take 4% out of your investment account each year, you'll never outlive your money. Kevin talks about where this idea came from, and pokes some holes in this strategy in this third installment of Rules Gone Awry. For more about True Wealth Design, visit: http://www.truewealthdesign.com/
Episode #6: Rules Gone Awry - The Rule Of 100
October 18, 2018 09:00 - 12 minutes - 17.1 MBThere's a "rule" that says you should take 100, subtract your age, and the result tells you how much of your money you should invest in stocks. It would be awesome if retirement planning was that simple, but simple isn't always effective and that's the problem with the Rule of 100. Take a listen to find out about better ways to invest and plan for your financial future. For more about True Wealth Design, visit: http://www.truewealthdesign.com/
Ep 6: Rules Gone Awry - The Rule Of 100
October 18, 2018 08:00 - 12 minutes - 17.1 MBThere's a "rule" that says you should take 100, subtract your age, and the result tells you how much of your money you should invest in stocks. It would be awesome if retirement planning was that simple, but simple isn't always effective and that's the problem with the Rule of 100. Take a listen to find out about better ways to invest and plan for your financial future. For more about True Wealth Design, visit: http://www.truewealthdesign.com/
Episode #5: Rules Gone Awry - Take Social Security Early
October 04, 2018 09:00 - 26 minutes - 36.8 MBThere's an old school of thought that says you should take social security as early as you can so that you can get the most out of it. But this is another one of those retirement rules gone awry that we enjoy picking apart on the podcast. Kevin will tell us why this retirement "rule" needs to be scraped and give us the proper lens through which to view the social security problem. For more about True Wealth Design, visit: http://www.truewealthdesign.com/
Ep 5: Rules Gone Awry - Take Social Security Early
October 04, 2018 08:00 - 26 minutes - 36.8 MBThere's an old school of thought that says you should take social security as early as you can so that you can get the most out of it. But this is another one of those retirement rules gone awry that we enjoy picking apart on the podcast. Kevin will tell us why this retirement "rule" needs to be scraped and give us the proper lens through which to view the social security problem. For more about True Wealth Design, visit: http://www.truewealthdesign.com/
Episode #4: The Wisdom In Ignoring The 80% Rule
September 20, 2018 12:30 - 21 minutes - 29.6 MBWalter was being nosy recently and asking his mom about her retirement plans. When she told him she was planning on living off of 80% of her current income during her retirement years, it raised a red flag. How did she come to that figure? You guessed it, she didn't really have an exact answer for why she picked that number. So Walter turns to Kevin on this week's podcast to understand how that "80% Rule" worked its way into the retirement planning vernacular and why we'd all be wiser to ign...
Ep 4: The Wisdom In Ignoring The 80% Rule
September 20, 2018 11:30 - 21 minutes - 29.6 MBWalter was being nosy recently and asking his mom about her retirement plans. When she told him she was planning on living off of 80% of her current income during her retirement years, it raised a red flag. How did she come to that figure? You guessed it, she didn't really have an exact answer for why she picked that number. So Walter turns to Kevin on this week's podcast to understand how that "80% Rule" worked its way into the retirement planning vernacular and why we'd all be wiser to ign...
Episode #3: Quit Obsessing Over A "Stress-Free" Retirement
September 06, 2018 12:30 - 22 minutes - 30.6 MBThere is a lot of obsessing over creating a stress-free experience in retirement. But life doesn't really work that way. We can still experience happiness and joy in retirement, even if there's still a few stressful moments along the way. Don't buy into another one of those retirement rules gone awry, that a truly stress-free retirement is attainable. Kevin will show us how to root your financial plan in realistic terms. For more about True Wealth Design, visit: http://www.truewealthdesign....
Ep 3: Quit Obsessing Over A "Stress-Free" Retirement
September 06, 2018 11:30 - 22 minutes - 30.6 MBThere is a lot of obsessing over creating a stress-free experience in retirement. But life doesn't really work that way. We can still experience happiness and joy in retirement, even if there's still a few stressful moments along the way. Don't buy into another one of those retirement rules gone awry, that a truly stress-free retirement is attainable. Kevin will show us how to root your financial plan in realistic terms. For more about True Wealth Design, visit: http://www.truewealthdesign....
Episode #2: Details vs. Relationships
August 16, 2018 11:28 - 18 minutes - 25.2 MBUnfortunately, many financial advisors fall into one camp or another. They're either a great relationship person or they're extremely focused on planning details. Kevin will tell us about a couple who called him recently after experiencing one of those scenarios and how it cost them a lot of money. Listen to this episode of "Retire Smarter" to find out why you should work with an advisor who respects the unique details of your situation, while also developing a strong working relationship wi...
Ep 2: Details vs. Relationships
August 16, 2018 10:28 - 18 minutes - 25.2 MBUnfortunately, many financial advisors fall into one camp or another. They're either a great relationship person or they're extremely focused on planning details. Kevin will tell us about a couple who called him recently after experiencing one of those scenarios and how it cost them a lot of money. Listen to this episode of "Retire Smarter" to find out why you should work with an advisor who respects the unique details of your situation, while also developing a strong working relationship wi...