Secure Your Retirement Secure Your Retirement

In this episode of the Secure Your Retirement Podcast, Radon and Murs discuss the importance of spending more in retirement. The savings habits we build in our working years can unintentionally lead to a fear of spending money to enjoy life in retirement.
Listen in to learn how to shift your mindset from fear of spending and start building good habits that will lead to a successful retirement. You will also learn about the experiences and things you can spend money on, plus the importance of planning ahead of your retirement.
In this episode, find out:
●     How the fear of running out of money in retirement is putting you into a fear mindset.
●     How saving habits become deeply ingrained in us that it becomes difficult to spend in retirement.
●     How to shift your mindset and start building good habits for a successful retirement.
●     How to spend money on experiences and things that can make your life more enjoyable.
●     The importance of planning ahead of your retirement to make vision financially possible. 
Tweetable Quotes:
●     "People often experience immense anxiety about depleting their finances during retirement, and this fear can be paralyzing, trapping them in a mindset dominated by fear."- Radon Stancil
●     “We get so good at saving, and these habits get ingrained so deeply in our brains that it makes it very difficult to start spending our money, particularly in retirement age.”- Murs Tariq
Resources:
If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!
To access the course, simply visit POMWealth.net/podcast.

In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss the meaning of portfolio diversification and why you shouldn’t put all your eggs in one basket. True portfolio diversification means spreading your money across multiple layers of different options. 
Listen in to learn about the four major strategies we use to significantly diversify investment portfolios for our clients. You will also learn how we use a diversified fixed annuities portfolio for clients who want to avoid market risk. 
In this episode, find out: 
Understand that having multiple financial advisors/custodians doesn't give you diversification on its own.The core strategy – how we invest based on what we think will happen in the market based on the available good data.The tactical strategy – how we align investments based on what is working right now. Structured notes – bond alternative low-risk investments issued by banks that yield and gain interest. The fixed income strategy – actively managed and well diversified traditional bonds.  How we use a diversified fixed annuities portfolio for clients who want to avoid market risk. 
Tweetable Quotes:
“Simply having three distinct advisors or custodians doesn't inherently provide diversification.”- Radon Stancil “We strongly advocate that there isn't a single perfect strategy. By integrating various proven strategies, we create a robust approach that will perform effectively in the long run, particularly for individuals nearing or already in retirement.”- Murs Tariq 
Resources:
If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!
To access the course, simply visit POMWealth.net/podcast.

In this Episode of the Secure Your Retirement Podcast, Radon and Murs speak with Andrew Opdyke about a 2024 1st quarter economic update and the expected economic changes in the second quarter. Andrew is a Certified Financial Advisor and Economist at First Trust Advisor.
Listen in to learn how the current concentration performance and the 2024 elections will impact the market volatility and economy, respectively. You will also learn about things that are bringing inflation down and why we’ll still see a relatively shallow recession this year.
In this episode, find out:
●     The unexpected events that risk increasing inflation in the second half of 2024.
●     Understanding the fight between strengthening the economy and keeping the pressure on inflation.
●     The possible impact of the current concentration performance on the market volatility.
●     How the 2024 elections will impact the economy and why you shouldn’t make investment changes based on the outcome.
●     Things bringing inflation down and why we’ll still see a relatively shallow recession.
●     The 2nd quarter concerns – quitting the inflation rates too soon and the huge spending numbers.
●     The 2024 Excitement – the broadening out of companies and the longer-term reward of it.
Tweetable Quotes:
●     “Some of the things that are bringing inflation down are because of some deterioration we’re seeing from pockets of the economy.”- Andrew Opdyke
●     “Based on history, you have virtually never benefited from making significant investment changes based on the party that’s in power.”- Andrew Opdyke
Get in Touch with Andrew:
●     LinkedIn: https://www.linkedin.com/in/andrewopdyke/
Resources:
If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!
To access the course, simply visit POMWealth.net/podcast.

In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss the impact of the sequence of returns on your retirement plan. The sequence of returns is the risk associated with how your money makes or loses money, and it can significantly impact your retirement plan.
Listen in to learn the importance of having income safety and growth buckets to make your retirement smoother and reliable and give yourself peace of mind. You will also learn how the sequence of returns can positively and negatively impact your retirement investments and overall plan.
In this episode, find out:
●     The three money buckets to set up your retirement plan to avoid the effects of the sequence of returns.
●     Sequence of return – risk associated with the positives and negatives of the sequence of your returns as you get closer to retirement age.
●     The most ideal and not-so-ideal ways to walk into retirement and how the latter can affect your retirement plan.
●     The importance of having income safety and growth buckets to dramatically reduce the risk of the sequence of your returns.
●     Two scenarios to help you understand how the sequence of returns can positively and negatively impact your retirement investments.
Tweetable Quotes:
●     “The sequence of return, particularly when we’re close to retirement or already retired, is going to have a significant impact on our withdrawal strategy and ultimately our peace of mind.”- Murs Tariq
●     "If you enter your retirement phase amidst a market downturn but refrain from withdrawing funds, you can afford the opportunity for it to rebound, a far less significant impact compared to withdrawing from your account during the downturn."- Radon Stancil
Resources:
If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!
To access the course, simply visit POMWealth.net/podcast.

In this Episode of the Secure Your Retirement Podcast, Radon, Murs, and Taylor discuss navigating tax withholding for retirees. When you retire, you have various sources of income, and you can choose to either withhold the tax on them, make estimated tax payments throughout the year, or do a combination of both.
Listen in to learn about your tax withholding options regarding your social security benefits, pension income, and IRA distributions. You will also learn about sources of income not eligible for tax withholding, plus how to avoid tax penalties after selling a highly appreciated asset.
In this episode, find out:
●     Understanding tax withholding and how it differs from estimated tax payments throughout the year. 
●     The options you have when it comes to tax withholding on your social security benefits.
●     The process available and information needed for tax withholding on your pension income.
●     Understanding the default and other tax withholding options available to IRA distributions.
●     Sources of income not eligible for tax withholding and the tax options available for them.
●     Pay attention to the next estimated tax due date when you sell a highly appreciated asset to avoid penalties.
●     All the information we need to know to advise you accordingly and avoid any tax surprises during tax season.
Tweetable Quotes:
●     "Paying estimated taxes periodically demands foresight and a significant time commitment. Your CPA can assist you in projecting the quarterly payments necessary."- Taylor Wolverton
●     "Upon retiring, there may be several years of transition as you establish diverse income streams, with social security being merely one aspect of this process."- Taylor Wolverton
Resources:
If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!
To access the course, simply visit POMWealth.net/podcast.

In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss the possible impact of the presidential election on your retirement investments. Political uncertainty causes increased volatility in the short term, and the idea here is to maintain security and peace of mind regarding your retirement plan. 
Listen in to learn why combining the strategic core and tactical portfolio strategies works well in lowering risk. You will also learn how structured banknotes lower the risk for a client to have a fixed income in case of a volatile market in an election year. 
In this episode, find out: 
Understand that political uncertainty causes increased volatility in the short term. How we divide the growth portfolio into the strategic core and tactical themes. The strategic core theme –aligning the portfolio to what we believe will happen based on the economic conditions. Tactical – a good and active risk management tool aligned to what’s working right now. The moderate growth portfolio – how structured banknotes lower the risk for a client to have a fixed income. 
Tweetable Quotes: 
“There’s probably going to be a little bit of volatility in 2024, but not anything that’s going to be because of party changes or anything of the sort.”- Radon Stancil “We have two themes in our growth model, strategic core, which is fundamentally based and tactical, which is what’s working right this moment.”- Murs Tariq 
Resources:
If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!
To access the course, simply visit POMWealth.net/podcast.