retirement podcast

Luke starts the conversation by breaking down the massive baby boomer generation and discussing what needs to be considered by middle and late baby boomers.  He devotes the rest of the podcast in cutting through mis-information and declaring whether retirement statements are fact, fiction, or somewhere in between.

You can reach out to Duell Financial Strategies by calling 866-203-7486.

Duell Financial Strategies

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What are the functional aspects of a Net Worth number? What does net worth mean? How does Net Worth fit into an integrated retirement plan?

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Self-importance is an easy behavior to understand in light of today’s social media. In prehistoric times self-importance fostered self-awareness and self-preservation. But, we are no longer in prehistoric times, and self-importance can lead to treating others poorly!

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Everything has a cost that differs from its price, and those costs can be expressed in terms of monetary costs, physical costs, mental costs, and emotional costs.

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We can learn from celebrities even when they make mistakes.  Sam and Luke cover some bad celebrity financial moves from not having proper estate planning to overspending to getting in trouble over taxes.  They further give tips on mistakes to avoid such as failing to have a tax plan, estate plan, or diversification.  How can you beef up your savings?  You’ll find some good suggestions in this podcast.

You can reach Duell Financial Strategies at 866-203-7486.

Duell Financial Strategies

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Retirement is less about having more than enough or having enough, and much more about what creates sustained happiness and satisfaction. Does more than enough create Alpha (excess happiness) over enough?

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The “One More Year” Syndrome is a real phenomenon and can cause significant delays in retirement. There are many good reasons to continue working, as well as many good reasons to quit working and retire. Do you need to work “One More Year”?

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The 401(k) is one type of Defined Contribution plan that allows employees to save in a tax-deferred or tax free vehicle while also gaining matching funds from the employer. It can be one of the best ways to fund retirement if workers understand 401(k) plan benefits!

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Andi and Luke share insight into our current climate and factors to consider given higher inflation and higher interest rates.  They also break down a survey reflecting confidence levels of those in the Generation X and baby boomer generations.

You can reach Duell Financial Strategies at 866-203-7486.

Duell Financial Strategies

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Financial advisors encompass a large field that includes insurance agents, bankers, certified financial planners, and CPAs. The question of engaging a financial advisor or self-managing Investments ultimately affects every investor!

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Most people dream of the one event that will make them multimillionaires, but statistically very few people in life are afforded that luxury. For the majority of people, successful retirement planning involves Investing a certain percentage of income regularly for long periods, usually 30 to 40 years or more.

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It’s amazing how you can tie iconic TV sitcom scenes to retirement planning.  Sam, Andi, and Luke do just that with Kramer giving himself a gold watch and pointing out that retirement falls more on us now.  Fred Sanford gets a lesson on how Social Security benefits are calculated and Archie Bunker schools us on inflation.  Those clips and more are featured in the podcast.  Then Sam, Andi, and Luke school us on annuities.

You can reach Duell Financial Strategies by calling 866-203-7486.

Duell Financial Strategies

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Historically, Social Security benefits have been regarded as a right of workers who reach retirement age. This may come as a HUGE surprise to most people, but Social Security benefits are NOT guaranteed by the US government.

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What are some of the standard retirement rules?  How have they withstood the test of time?  How could they be good starting points.  Sam, Andi, and Luke cover the 4 percent rule, the Rule of 72, the 60/40 Stock/Bond Rule, and the Rule of 100.  They also give information on Social Security in the form of a quiz.

You can reach Duell Financial Strategies by calling 866-203-7486.

Duell Financial Strategies

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Learning about finance is like learning a new language. Financial literacy takes time, and financial fluency may take a lifetime.

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“What’re you gonna do? Walk away, or stay another day?” This is the choice every worker will face at the end of their working career.

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Andi and Luke discuss the best proactive responses to retirement strategies including long-term care, health care, living on pre-taxed income, and factoring inflation.  They also address concerns of pre-retirees and retirees and offer good questions to ask of yourself.  These include:“do I have a plan” “do I have a budget” “do I have income built into my plan” “am I working with a retirement specialist?”

You can reach Duell Financial Strategies by calling 866-203-7486.

Duell Financial Strategies

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Modern technology, computer programs, and money-saving applications provide multiple saving pathways for short-term goals.

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At some point, everyone needs to clarify what’s most important in their life. The difference between successful people and really successful people is those really successful people say no to almost everything!

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Sam, Andi, and Luke address some of the reasons people give for putting off seeking the help of a financial retirement professional including a feeling of being overwhelmed by it, thinking they don’t have enough money, and thinking it would be too expensive.  They look at how your financial strategies should be adjusted when you’re getting closer to retirement and then break down how retirement can be more expensive than most of us think and how to prepare for that.

You can reach Duell Financial Strategies by calling 866-203-7486.

Duell Financial Strategies

See omnystudio.com/listener for privacy information.