In this episode of The Truth About Money, Bruce Weinstein and Tim Travis discuss unexpected changes in retirement and the importance of considering factors beyond money, such as health and social life. They emphasize the need for a comfortable routine and the challenges of adapting to change. The hosts also discuss the importance of staying active and maintaining a social life in retirement. They highlight the need for a comprehensive retirement plan that includes budgeting, income strategies, and risk management. Additionally, they discuss the evolution of retirement planning and the options available today.

Reach out to Bruce & Tim at (800) 796-9912 or

https://www.premierswplanning.com/

https://www.ttvalueinvesting.com/

See omnystudio.com/listener for privacy information.

In this conversation, Bruce Weinstein and Tim Travis discuss the importance of estate planning and debunk the world's worst retirement planning advice. They emphasize the need for a comprehensive estate plan, including appointing a trusted trustee and ensuring that your trust owns your business. They also highlight the importance of powers of attorney and caution against leaving a trust as the beneficiary of an IRA or 401k. The conversation then shifts to the topic of bad retirement planning advice, such as assuming you'll spend less in retirement and dipping into your retirement account for emergencies. They also debunk the idea that a specific amount of money is needed for retirement and instead focus on creating a sustainable income plan. They discuss the flaws of the 60-40 stock-bond blueprint and recommend a more flexible approach to asset allocation. They also highlight the importance of experience and a holistic approach when choosing a financial advisor.

Reach out to Bruce & Tim at (800) 796-9912 or

https://www.premierswplanning.com/

https://www.ttvalueinvesting.com/

See omnystudio.com/listener for privacy information.

Retirement is all about change and how we adjust to those changes. In this conversation, Jackie Selby and Tim Travis discuss the unexpected changes that retirement brings, including changes in daily routine, social life, and health. They emphasize the importance of planning for retirement and finding new passions and activities to stay active and engaged. They also discuss the impact of healthcare costs and the need for proper insurance and financial planning. The conversation concludes with a discussion on managing risk in retirement and making smart investment decisions.

Reach out to Bruce & Tim at (800) 796-9912 or

https://www.premierswplanning.com/

https://www.ttvalueinvesting.com/

See omnystudio.com/listener for privacy information.

The conversation covers various topics related to retirement planning, including the 4% rule, annuities, asset allocation, and Social Security. The hosts discuss the importance of sustainable withdrawal rates and the limitations of the 4% rule. They also highlight the benefits of annuities and how they can provide guaranteed income in retirement. The conversation then shifts to the 60-40 rule, which suggests allocating 60% of the portfolio to stocks and 40% to bonds. However, the hosts argue that this rule may not be effective in the current market environment. They also touch on the concept of loss tolerance and the need for individualized portfolio customization. Finally, they discuss Social Security, including the impact of early filing and the importance of understanding one's full retirement age. Additionally, they discuss the importance of having a trust and durable powers of attorney to protect assets and make important decisions in case of incapacity. He also addresses common questions about retirement planning and offers a free consultation for financial advice.

Reach out to Bruce & Tim at (800) 796-9912 or

https://www.premierswplanning.com/

https://www.ttvalueinvesting.com/

See omnystudio.com/listener for privacy information.

This conversation focuses on retirement planning and the importance of starting early and saving enough. It discusses the regrets people often have when they don't save or start planning early enough, and the impact it can have on their financial and emotional well-being. The conversation also touches on alternative ways to save for children's education without affecting FAFSA money, the benefits and considerations of paying off a mortgage, and the different options for investing and maximizing income in retirement. It emphasizes the importance of understanding Social Security and required minimum distributions (RMDs) in retirement planning. In this conversation, One of the main topics covered is Required Minimum Distributions (RMDs), which are not a flat fee but depend on factors such as age and life expectancy. Another important topic discussed is Social Security, including full retirement age and spousal benefits.The conversation also touches on diversification strategies to protect investments in volatile times, as well as the use of options to manage risk. Overall, the conversation provides valuable insights and advice for individuals planning for retirement.

Reach out to Bruce & Tim at (800) 796-9912 or

https://www.premierswplanning.com/

https://www.ttvalueinvesting.com/

See omnystudio.com/listener for privacy information.

The conversation discusses the risks involved in retirement planning and investment strategies. It explores the concepts of risk-on and risk-off strategies, with risk-on strategies involving higher equity exposure and potential for higher returns, while risk-off strategies prioritize safety and capital preservation. The conversation also highlights the importance of considering volatility tolerance and asset allocation. It further delves into risky investments such as individual stocks, cryptocurrencies, options and futures, and real estate. The hosts emphasize the need for personalized financial planning and working with a professional advisor. In this conversation, Tim Travis discusses various investment options and provides insights on their pros and cons. He highlights the benefits of investing in real estate investment trusts (REITs) and explains how they can provide double-digit returns through dividends and appreciation. Additionally, Tim talks about the potential benefits of peer-to-peer lending and the drawbacks of investing in art. He concludes by discussing the value of working with a financial advisor and the advantages of annuities in a high-interest rate environment

Reach out to Bruce & Tim at (800) 796-9912 or

https://www.premierswplanning.com/

https://www.ttvalueinvesting.com/

See omnystudio.com/listener for privacy information.

In this conversation, Bruce Weinstein, and Tim Travis discuss common concerns and misconceptions preventing people from seeking financial advice. They address the hesitation to have important conversations about finances, the misconception that financial advisors only work with wealthy individuals, and the fear of not being able to afford an advisor. They also provide tips for retirement planning, including the importance of having a conversation with an advisor, considering catch-up contributions, and reviewing asset allocation. The conversation concludes with a discussion on expenses in retirement and the need for a comprehensive income plan.

Reach out to Bruce & Tim at (800) 796-9912 or

https://www.premierswplanning.com/

https://www.ttvalueinvesting.com/

See omnystudio.com/listener for privacy information.

The conversation covers retirement preparedness and the importance of distribution planning. It emphasizes the need to create a comprehensive retirement plan and consider factors such as Social Security, Medicare, and portfolio allocation. The hosts also discuss the risks of investing in meme stocks and the importance of fundamental analysis. They provide insights on Roth IRAs, required minimum distributions, and tax planning. The conversation concludes with a discussion on expenses in retirement and the impact of RMDs on taxes.They also discuss Medicare premiums and the options available for healthcare coverage in retirement. Additionally, they touch on the potential challenges of retiring during a recession and the importance of asset allocation and emergency funds. The conversation concludes with a discussion on Roth IRAs and the benefits of diversification and tax planning in retirement.

Reach out to Bruce & Tim at (800) 796-9912 or

https://www.premierswplanning.com/

https://www.ttvalueinvesting.com/

See omnystudio.com/listener for privacy information.