investing for retirement

Find out about the latest stock picks from Wall Street, the Artificial Intelligence Stocks leading our markets higher, and how to attain your goals and grow a long-term investment portfolio for retirement.  All this and so much more on this week's Labor Day Holiday Weekend Your Financial Future Program!

• Rod Smith introduces the topic of learning from losers and shares three essential principles.
• He express his excitement and mention being a fan of the Denver Nuggets basketball team.
• The first principle discussed is preparation, emphasizing its importance in achieving success.
• Rod Smith draws parallels between sports and business, highlighting the need for extensive preparation.
• He mention reading books, listening to audios, and learning from experts as ways to prepare effectively.
• The second principle is perseverance, and the speaker encourages the audience to never give up.
• He discuss failure as a part of the journey and use examples from the Nuggets' journey and personal experiences to emphasize the importance of resilience.
• Rod Smith urges listeners to keep going and not let setbacks define their journey.
• The third principle is passion, and the speaker emphasizes its role in fueling motivation and determination.
• Rod encourage the audience to embrace their passion and turn their pursuits into games.
• He concludes by congratulating the Denver Nuggets and expressing their passion for financial literacy.
• He encourage listeners to embrace the three principles (preparation, perseverance, and passion) in their own journeys and strive for success.

On this episode of A Wiser Retirement™ Podcast, Casey Smith, Missie Beach, CFP®, CDFA®, and Michaela Laney, discuss retirement planning and demystify the "right amount of money to retire" expectation.

How much money do you really need to retire comfortably? It's a tough question to answer, and the truth is, there isn't a one-size-fits-all solution. Join us in this episode as we explore the factors determining each individual's unique retirement needs, why online retirement calculators can't provide a blanket response, and how evaluating your expenses and time left before retirement can clarify your financial planning.

We also dive into financial strategies to help you achieve your retirement goals, such as freeing up cash flow and saving mortgage interest. Learn how to use the mortgage payoff calculator to maximize the benefits of low mortgage rates and ensure you have a solid emergency reserve in place. Plus, discover the critical importance of maintaining two years' worth of expenses in a cash account during retirement.

Finally, we break down the 4% rule as a starting point in calculating your retirement needs, taking into account expenses, income sources, and taxes. Unveil the impact of inflation and learn how to properly account for it, as well as the importance of grossing up for taxes when using the 4% rule. Listen in as we share our insights on using conservative numbers and considering various factors such as market performance when planning for your golden years.

Podcast Episodes Referenced:
- Ep 158: How much can you spend in retirement?
- Ep 115: What Could Happen if You Don’t Prepare for Retirement

YouTube Videos Referenced:
-  How much money is enough to retire?

Other Links:
- https://wiserinvestor.com/mortgage-payoff-calculator/
- https://wiserinvestor.com/budget-calculator/ 

- Click here to download one of our free guides that covers financial planning topics like retirement, investing, taxes, divorce, and more!

- Click here to schedule a consultation with one of our financial advisors.

Connect With Wiser Wealth:
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This podcast was produced by Wiser Wealth Management. Thanks for listening!

Episode highlights:

• The financial statement brings awareness to your financial situation.
• It reveals the truth about your income, expenses, assets, and liabilities.
• It helps you understand where your money is going and how it's being utilized.
• The financial statement provides clarity by organizing your financial information in one place.
• It allows you to see the big picture of your finances.
• You can assess cash flow, identify overspending or undersaving, and align your habits with long-term goals.
• Clarity empowers you to make informed decisions and take control of your financial future.
• The financial statement enables you to create a plan.
• You can develop a strategic financial plan that aligns with your goals and values.
• You can prioritize spending, establish a budget, and allocate resources towards savings and investments.
• With a plan in place, you have a roadmap to financial stability and success.
• By filling out the financial statement, you can transform your financial life.
• It can help you avoid financial ruin and achieve financial freedom.
• Wealth is not just about how much money you make, but how effectively you manage and grow it.
• Take control of your financial future today by using the financial statement and accompanying video guide.

Episode highlights:

• Many people strive to become debt-free as a primary financial goal.
• Being debt-free provides a sense of freedom, reduces stress, and allows for financial security.
• Accumulating debt can lead to a never-ending cycle of work and debt repayment, limiting enjoyment of the present and pursuing passions.
• Debt can be a powerful tool if used wisely and strategically.
• Good debt helps generate income, build assets, and create wealth.
• Debt can be leveraged to amplify financial capacity and accelerate progress towards goals.
• Wealthy individuals and successful entrepreneurs use debt strategically to increase wealth and create more opportunities.
• It is essential to educate yourself, seek guidance, and develop a clear strategy for utilizing debt intelligently.
• Understand the risks involved and ensure that potential rewards outweigh those risks.
• Being debt-free may not always be the ultimate goal; instead, shift the mindset towards leveraging debt intelligently and strategically to build wealth and create a better future.

Episode highlights

• Rod Smith discusses how to make tough decisions in business and life.
• As a former professional athlete, he emphasizes the need for quick decision-making.
• The three steps to making tough decisions are introduced.
• Step 1: Reflect on the decision's impact three to six months into the future.
• Step 2: Remove emotions from the decision-making process and focus on logic and outcomes.
• Step 3: Reevaluate the decision after taking action and make adjustments if necessary.
• Rod shares a client's testimony about using these steps to make a difficult business decision.
• Reflecting on the future impact helps gain clarity and determine the best course of action.
• Removing emotions enables logical decision-making and avoids hasty choices.
• Reevaluation allows for adjustments to be made based on the desired outcome.
• Rod Smith emphasizes the importance of these steps in making decisions that affect family, finances, health, and future growth.
• Making tough decisions becomes easier with this three-step formula.
• Rod  encourages viewers to apply the formula and move closer to their goals.
• The video concludes with a call to engage with the content and stay tuned for future videos.

King Solomon, the richest man who ever lived, talked about the importance of diversity. And diversity is the best way to invest for retirement. 

In today's episode we cover:

• Correlation to the S&P 500
• Bonds
• Economic vs Price Inflation
• Expenses - not what you think!

More: https://thirdactretirement.com/blog/how-best-invest-retirement

To contact Thomas Cloud at Third Act Retirement, or to set up a 20 minute, no obligation, Retirement Ready success call:

Email Tommy: Thomas@thirdactretirement.com

Visit the Website: https://thirdactretirement.com/

Or simply call: (770) 971-2888 or 1 800-917-5016

Looking to make some changes to your finances in 2021? Are you a young professional wanting to learn how you should be managing your wealth? Wondering how much you need to save for retirement? How to handle finances during a divorce? What are the financial pitfalls you need to avoid? We cover a wide range of topics to help you get on the right track and maximize your wealth no matter where you are at in life.  

On this episode of The GoGedders Podcast, we are joined by Melissa Olson and Kelly Mould, both financial advisors at Johnson Financial Group. Melissa is also a Wealth RPS Education Specialist, and Kelly is the Senior Vice President and Wealth Sales Team Lead. 

Together, we talk about finances. With financial stress being so high during the pandemic, we discuss ways to help reduce that stress, smart decisions you can be making, and how you can get to a point of financial freedom.