The age-old question in retirement planning is how much do I need to retire? For many years, people have made one million dollars their goal as if that’s a sure-fire amount to retire on. It’s a nice round number to aim for, but is it really going to be enough?

Today we bring on Matt Dombrowski, CFP® to discuss the process we go through with clients to help identify the number that they need to focus on. There are three primary questions we ask clients and we’ll share the conversations we have on retirement expenses, budgeting, income, and risk.

We hope by the end of the video, you have a better understanding of what you need to know to determine whether you can retire with $1 million, but it’s always best to seek professional guidance.

Here’s what we discuss in this episode:

0:00 – Intro

0:57 – Background on Matt

2:40 – Expenses and budgeting

5:25 – Income sources

8:01 – Risk

Learn more about us: https://www.rwpaul.com/our-firm

Contact Matt & Steve: https://www.rwpaul.com/contact

Phone: 248-305-9911

Find us on YouTube: https://bit.ly/481OA51

August has been a month of market volatility, leaving many investors feeling uneasy about their portfolios. There’s plenty of reason to believe that it will continue through the rest of the year. So let’s discuss the reasons behind this turbulence and provide our view on how to navigate the remainder of 2024.

We’ll breakdown the different factors that have led to the market’s choppy behavior, including the Japan carry trade, election uncertainty, and recession fears. Matt and Steve also share insights on how to navigate these turbulent times, emphasizing the importance of diversification and having a solid financial plan.

Feeling a little nervous about the months ahead? Tune in to gain valuable knowledge on managing your investments and staying calm during market fluctuations.

Here’s what we discuss in this episode:

0:00 – Intro

3:13 – Market volatility and client emotions

6:35 – Anticipating future market volatility

10:16 – Understanding inflation & market adjustments

12:08 – Diversification and proper planning

14:35 – Final thoughts

Learn more about us: https://www.rwpaul.com/our-firm

Contact Matt & Steve: https://www.rwpaul.com/contact

Phone: 248-305-9911

Find us on YouTube: https://bit.ly/481OA51

An idea that we had years ago has finally come to fruition and we’re excited to debut our new book, Retirement Approved. This comprehensive guide is designed to simplify the complex world of retirement planning, making it accessible for everyone, whether you're approaching retirement or already enjoying your golden years.

For the month of August, you can get the Kindle version of "Retirement Approved" for just $1. That's right, an incredible deal for an invaluable resource! If you prefer a physical copy, clients can stop by the office to pick one up for free. This promotion makes it easier than ever to access expert guidance for your retirement journey.

Here’s what we discuss in this episode:

0:00 – Intro

0:10 – Book launch

0:57 – The concept

2:10 – Easy to read

3:53 – Final thoughts

Retirement Approved by Steve and Matt Paul - https://www.amazon.com/Retirement-Approved-Steven-Paul/dp/196404619X

Learn more about us: https://www.rwpaul.com/our-firm

Contact Matt & Steve: https://www.rwpaul.com/contact

Phone: 248-305-9911

Find us on YouTube: https://bit.ly/481OA51

Retirement should be a time of relaxation and enjoyment, but it can quickly become a period of stress if you haven’t addressed the biggest risks to your financial security. Today we’re going to identify the five biggest risks that could derail your retirement plan and discuss ways to combat these risks through planning.

Understanding these five major risks can help ensure that your retirement stays on track and you’re able to enjoy it as much as possible. Join us for a deeper dive into each risk and practical advice on how to safeguard your financial future.

Here’s what we discuss in this episode:

0:00 – Intro

2:08 – Sequence of Returns Risk

8:32 – Longevity Risk

11:00 – Inflation Risk

14:40 – Long-term care Risk

18:00 – Tax Risk

20:38 – Bonus Risk

Learn more about us: https://www.rwpaul.com/our-firm

Contact Matt & Steve: https://www.rwpaul.com/contact

Phone: 248-305-9911

Find us on YouTube: https://bit.ly/481OA51

We’re back to talk more news, and this week, we’re tackling the world of meme stocks, the latest on inflation, and the rise of Ethereum ETFs. You might’ve heard of Keith Gill, known online as “Roaring Kitty” who recently shook the financial world with his bold moves on GameStop. The brothers discuss his recent success and whether GameStop is still a good buy.

Then, they discuss inflation and the latest CPI numbers, explaining the significance of recent figures, the Federal Reserve's approach, and the potential impact on consumer savings and credit card debt. This episode also covers Ethereum ETFs, with the SEC's recent approval making waves. Finally, we’ll look at the "Magnificent Seven" stocks driving the market, focusing on Nvidia's phenomenal growth and the importance of diversification to avoid overexposure.

Tune in to Retirement Approved to stay informed about the latest trends and strategies in finance and investing!

Here’s what we discuss in this episode:

0:00 – Intro

1:07 – What is Roaring Kitty?

5:40 – Updates on inflation

8:14 – ETH ETFs approved

13:50 – Nvidia's Earnings and Mag7


ETH 2030 Price Target and Optimal Portfolio Allocations Report:

https://www.vaneck.com/us/en/blogs/digital-assets/matthew-sigel-eth-2030-price-target.pdf

Learn more about us: https://www.rwpaul.com/our-firm

Contact Matt & Steve: https://www.rwpaul.com/contact

Phone: 248-305-9911

Find us on YouTube: https://bit.ly/481OA51

When it comes to retirement planning, annuities often get a bad rap. However, they can be a powerful tool for ensuring financial security in your golden years. In this episode, we’ll take a deep dive into the world of annuities, breaking down the different types and how they can benefit your retirement strategy.

From the basics of single premium immediate annuities (SPIAs) to the intricacies of fixed index annuities (FIAs) and variable annuities, they break down what you need to know to make informed decisions. They also discuss how high interest rates impact these financial products and offer practical advice for retirees.

Here’s what we discuss in this episode:

0:00 – Intro

1:40 – Single premium immediate annuity

3:50 – Multi-year guaranteed annuity

9:10 – Fixed index annuities

14:10 – Variable annuities

19:20 – Final thoughts

Learn more about us: https://www.rwpaul.com/our-firm

Contact Matt & Steve: https://www.rwpaul.com/contact

Phone: 248-305-9911

Find us on YouTube: https://bit.ly/481OA51

Cryptocurrency has taken the world by storm, but for many, it remains a tangled web of complexity. Today we’re going to dive into five questions about crypto and try to simplify things for any investor hoping to learn more. Whether you're a retiree curious about adding crypto to your portfolio or a novice investor eager to understand the basics, this episode will break down the key information most people are asking about.

Matt and Steve will explain the phenomenon of memecoins, break down the differences between Bitcoin and Ethereum, explain the tech and lay out the risks. With more and more of our world moving into the digital realm, getting a better grasp on crypto is worth your time.

Here’s what we discuss in this episode:

0:00 – Intro

1:07 – Memecoins

3:34 – Bitcoin vs Ethereum

8:42 – Who uses crypto?

13:27 – What is blockchain?

16:58 – The risks

18:18 – Ethereum ETF coming?

22:10 – How much should you allocate?

Learn more about us: https://www.rwpaul.com/our-firm

Contact Matt & Steve: https://www.rwpaul.com/contact

Phone: 248-305-9911

Find us on YouTube: https://bit.ly/481OA51

The news is never short of headlines and this year is certainly not devoid of big stories. With so much uncertainty at home and abroad, it’s not surprising that we’ve received numerous questions about the economy and what might be coming in the near future.

While we can’t predict what will happen with the economy, we can address all of the concerns and questions through planning. In this episode, we’ll tackle a few of those recent questions that hit on some of the top economic headlines. Discover why the Fed's next move could be a game-changer for your portfolio, how Middle East conflicts might affect market stability, and what Bitcoin's halving means for the future of cryptocurrency.

Here’s what we discuss in this episode:

0:00 – Intro and the Detroit Red Wings

3:20 – Inflation

7:44 – Housing data

10:30 – Conflict and market crashes

13:55 – Bitcoin

Learn more about us: https://www.rwpaul.com/our-firm

Contact Matt & Steve: https://www.rwpaul.com/contact

Phone: 248-305-9911

Find us on YouTube: https://bit.ly/481OA51