The Get Ready For The Future Show

Five months into the year, and we still don’t know which way the economy is really going. We discuss in this week's Fastest Four Minutes in Finance. #FastestFour #FastestFourMinutesInFinance #economy #marketupdate #marketcommentary #inflation #socialsecurity #income #retirementincome #financialindependence #financialeducation #financialliteracy #genwealthfinancial #genwealthacademy

We're answering your questions in this episode, including a great one from our recent Social Security Workshop! I'm 62 and receiving a severance package from work. Should I retire now? Is Social Security going to be reduced in 2032? What happens if the US doesn't raise the debt ceiling defaults? Long-term care policies are expensive, so is that something I really need? And if you would like YOUR questions answered in the show, give us a call at 501.381.5228! Originally aired 5/24/2023

It's time to hit the pause button on what we normally talk about on the Fastest Four. #FastestFour #FastestFourMinutesInFinance #MemorialDay #MemorialDayWeekend ##MemorialDay2023 #MillitaryAppreciation #HonorAndRemember #RememberingHeroes #LandOfTheFree

Answering your questions on the show, in this episode we're looking at: How can I determine if I've saved enough to support my lifestyle in retirement? I have a life insurance policy through work, but is it enough? Can selling my small business cover my retirement? In planning for retirement, what should I be asking a financial advisor? And if you would like YOUR questions answered in the show, give us a call at 501.381.5228! Talking Cents Ep. 101: How to Save for Retirement While Running a Small Business Originally aired 5/17/2023

Inflation is being blamed for Americans reaching a record high in credit card debt, and it’s catching up with them. In this week's Fastest Four Minutes in Finance, we uncover the rising concern of credit card debt and its impact on Americans. You can also check out our recent interview with Yahoo! Finance!

We're answering these questions from you in this episode: Mistakes to avoid when planning early for retirement Can my adopted grandchildren get some of my social security? Do I really need a budget? How can I overcome inflation if I'm not actively getting a paycheck? And if you would like YOUR questions answered in the show, give us a call at 501.381.5228! Originally aired 5/10/2023

Is the latest inflation data released this week good news or bad news for the market? That’s the subject of this week’s Fastest 4 Minutes in Finance! #genwealthfinancial #scottinman #fastestfourminutesinfinance #finance #marketupdate #marketcommentary #retirement #investing #financialadvisor #financialadvisors #financialeducation #financialliteracy #inflation #consumerpriceindex #cpi #energyprices #foodprices #shelterindex #stockmarket #economy #useconomy #federalreserve #interestrates

We're hitting three big questions this week from listeners like you: What adjustments should I make to my retirement strategy? How can I prepare for higher medical costs with inflation rising? How do annuities fit into a retirement plan? And if you would like YOUR questions answered in the show, give us a call at 501.381.5228! Originally aired 5/3/2023

Here are YOUR questions we're answering in this episode: Should I avoid an employer plan if "sucks?" Is it ever wise to sell in a market upswing? Should we pay off our mortgage or build our dream home? What's the deal with reverse mortgages? And if you would like YOUR questions answered in the show, give us a call at 501.381.5228! For more information on reverse mortgages, visit HUD.gov.  Originally aired 4/26/2023

We're answering these questions from you in this episode: Taxes in retirement Employer plans for small businesses The right way to claim Social Security Employer plan or IRA? And if you would like YOUR questions answered in the show, give us a call at 501.381.5228! Originally aired 4/19/2023

In this episode, we're tackling your questions about: • Are REITs (real estate investment trusts) good for your portfolio? • Inflation and volatility when nearing retirement • Rising interest rates And if you would like YOUR questions answered in the show, give us a call at 501.381.5228! Originally aired 4/12/2023

We're starting a new format where we're answering questions directly from you, the listener! In this episode, you'll hear questions about: Retiring into a down market What to do with inheritance money Investing when you have inconsistent income And if you would like YOUR questions answered in the show, give us a call at 501.381.5228! Originally aired 4/5/2023

If you're a Star Trek fan, you know Mr. Spock's famous phrase, "Live Long and Prosper." We all hope for a long life and financial independence for a comfortable lifestyle. However, without proper planning, this hope may remain an unfulfilled fantasy. Today's Get Ready for the Future show discusses how a long life can create retirement problems. Lauren Mitchell, VP of Annuity Solutions at LPL Financial, joins us. Originally aired 3/29/2023

We're kicking off this episode with an update on the recent bank fiasco with Silicon Valley Bank (SVB). From there, we're looking at your odds of a successful retirement. And how to stack those odds in YOUR favor. Originally aired 3/15/2023

The ability to live off your investments is a milestone on the path to financial independence. But, without the right focus, you could end up missing the mark. This week on the Get Ready For The Future Show, we're tackling some common retirement and investing misconceptions.

Everybody wants to go to Heaven, but nobody wants to go now. And nobody wants to discuss their death. But an estate plan is an essential part of your plan if you intend to pass along what you've worked so hard to achieve! In this episode, we're joined by estate planning attorney Chris Rippy who shares his insights on what estate planning can do for you! You can find more information on Chris and his firm on their website for Rippy, Stepps, & Associates. Originally aired 3/8/2023

You've probably experienced at some point - or right now - the pit in your stomach as the market takes a downward turn. There's the urge to move to cash until the market is more "stable." In this episode, we're discussing the dangers of making those kinds of emotional decisions and the importance of having a plan. And sticking to it! Originally aired 3/1/2023

What’s your greatest fear? A survey by Zety found that 40% of Americans cite retirement as a fear worse than death. We fear what we don't know! But the antidote to fear is education. In this episode, we’re leaning on our experience and helping you address these very real fears! We’ll break down 3 scary concepts of financial planning and how you can work to overcome them. Originally aired 2/22/2023

According to Ally Invest, about 61% of adults say they find #investing in the #stockmarket to be “scary or intimidating"... and this trend is getting worse with younger generations  Millennials feel significantly more intimidated than Baby Boomers or Generation X. In this show, we’ve got 5 Bombshell truths about the market!

Long-term care (LTC) planning is an important part of #financialindependence and security in #retirement. LTC includes creating a plan to provide care for yourself or a loved one in the event of a medical disability or terminal illness. While a well-crafted plan can help you and your family cope with unexpected complications, there are several potential pitfalls to avoid when planning for long-term care. In this episode of the Get Ready for the Future Show, we’re giving you reasons your plan for LTC may not work... and what you can do to prevent them!

It’s probably fair to assume that most of us want to live a long life! Many believe they will die sooner rather than later, whether due to family history, work history, or other factors. In this episode of the #getreadyforthefutureshow, we're talking all about how to plan for your golden years without worrying they’ll go dull.

DIY could spell disaster for your financial independence.  Do-it-yourself projects have long been thought of as something commendable. And really, they very much can be! But there are some things you just shouldn’t DIY… and your financial plan is one of them.  Why? We’ll tell you all about it on today’s Get Ready For the Future Show!

Pre-retirees looking to improve their financial plans should understand that there are three main factors that have the biggest impact on financial independence in retirement. So what are they?  Find out in this week's episode of the Get Ready For The Future Show!

Talk of a recession on the horizon is swirling, and it's got many people feeling uncertain about their future! But on today's show, we want to talk about how to make your retirement recession-proof. We also have a special guest, LPL Financial's Chief Economist Jeffrey Roach, to help talk us through the buzz around a recession. Originally aired 1/11/2023

With "New Years' Resolutions" having over a 90% failure rate, you don't want another resolution. You want a REVOLUTION for your finances! We're kicking off 2023 with three steps to make this year YOUR year for financial independence! Originally aired 1/4/2023

We've got an encore presentation of our most listened-to episode of 2022! As one of life's certainties, taxes can be one of the most complex aspects of your retirement journey. What taxes you pay, and how much, after you retire depends on your income. We're going to cut through some of the confusion on today's show to help you account for taxes in retirement! Originally aired 2/16/2022

Part of our mission statement is "leaving a legacy for generations to come." That sounds great! But what does it take to get there? We've got the straight talk you need to know about generational wealth in this episode! Originally aired 12/21/2022

What income streams do you have that will never run out in retirement? Once you know how much guaranteed income you will have in retirement, will that cover your basic expenses? That’s our topic in this episode! And joining us again from our partners at LPL Financial is Chief Economist Jeffrey Roach! Originally aired 12/14/2022

From not contributing enough to their account, to letting their investments sit idle, many people fall into habits that can be detrimental to their long-term financial well-being. We've got tips in this episode on how to avoid these pitfalls and make the most of your 401(k) on your journey to financial independence! Originally aired 12/7/2022

Identity theft is not a joke. Your personal information is a valuable commodity. And knowing how to protect your financial and online identity is extremely important! Luckily, we've got everything you need to know to protect yourself in this episode!  Originally aired 11/30/2022

Whatever retirement looks like for you, it can be a scary concept! But in this episode, we're talking about three risks that could put your financial independence at risk and how we recommend you cover your assets that you're worked so hard to build. Originally aired 11/16/2022

Estimates say that about 50% of older adults will need long-term care at some point in their lives; for adults over 65, the odds shoot up to 70%. That means it’s highly likely that at least one person per couple will need this type of help! Today’s show discusses the importance of long-term care and how it can help you purchase dignity and independence in retirement.   Originally aired 11/9/2022

Social Security is foundational to retirement planning, But with around 2,600 rules that govern it, it can be confusing! How can you be sure you're maximizing your benefit? We're giving you everything you need to know about Social Security in today's show! Social Security Administration website Originally aired 11/2/2022

It's a spooky edition of the Get Ready for the Future Show! Whether your retirement is over a decade away or getting close, planning is a necessity. And we're using the acronym TRICK to lay out five crucial elements to consider in your retirement plan. Originally aired 10/26/2022

"How much is enough?" This is a question we’re asked often, especially with market conditions the way they’ve been lately. Does a true "number" exist for most people? Or is it more complicated than that? We discuss all that and more in this episode of the Get Ready For The Future Show! Originally aired 10/19/2022

Investing can be a risky business, but is it so risky that you shouldn't take part? This episode is all about helping you navigate the uncertainty of the market and helping you better understand the risks you may face both by investing and avoiding investing. Originally aired 10/12/2022

We get it - planning for retirement can be challenging, even if you start early, have help, and earn a good living! And there are costly mistakes many people make that can throw a retirement wildly off track. So, in this episode, we're covering retirement misfortunes and how to avoid (or recover from) them! Originally aired 10/5/2022

If you're 5-10 years out from retirement, you're in what we call the Retirement Red Zone. When it comes to football, most teams have a better than 50% chance of scoring when they enter the red zone. For retirement, those are bad odds! In today's show, we're pulling out the playbook for YOUR retirement red zone! Originally aired 9/28/2022

Many people imagine entering into retirement hand-in-hand with a partner or spouse, but that isn't always the case. While retirement advice can seem similar for couples and singles, there are some important differences. We've got a special guest today who literally wrote a book on aging solo, Carol Marak, to talk about some of these key differences! For more information on Carol Marak, check out her website: carolmarak.com! Originally aired 9/21/2022

Not so long ago, there was a time when many Americans felt comfortable planning for a 15 or 20-year retirement. But in recent years, retirement income planning has become much more challenging. In this episode, we're talking about why retirees feel unprotected and what you can do to feel more secure. And to help us out, we're joined by special guest Lauren Mitchell, LPL's  Vice President of Annuity Solutions! Originally aired 9/14/2022

Economic conditions of recent years have highlighted the financial fragility of many American households. So how can you prepare for retirement? Employer plans, like the 401(k), are a powerful tool! And in this episode, we're looking at how the SECURE Act 2.0 can have a big impact with some small changes to retirement plans! Originally aired 9/7/2022

You can spend years lining up your retirement, assuming everything will stand, only to see it quickly topple. When the dominos fall, the chain reaction can be negative OR positive. In this episode, we're looking at how to set up your dominos so they fall in your favor in retirement. Originally aired 8/31/2022

A quick scan of advertising about retirement these days is likely to produce a lot of noise about the impact of taxes on the retiree. But much of this advertising promotes fear! What's the antidote to fear? Education! And we're bringing education in this episode to provide some clarity on how taxes impact YOUR retirement. Originally aired 8/24/2022

Lifestyle. Longevity. Legacy. Liquidity. A critical question in thinking about life after work is whether you want to base your future income on "probabilities" or "safety-first." While there are no hard and fast answers, we're looking at how each of these approaches might play out in your own retirement. Originally aired 8/17/2022

The constant noise of negative economic news and market volatility can be exhausting! That media fatigue can be a danger to your long-term financial plans. On today's show, we're going to address some of those fears and get some market updates from LPL Research's Chief Global Strategist Quincy Krosby. Originally aired 8/10/2022

Social Security. Pension. Personal savings. Many financial planners once used the three legs to describe the most common sources of retirement income. But times have changed! Social Security alone won't cut it and pensions are nearly extinct. But in this episode, we're going to look at what should be supporting you in retirement and how we can help! Originally aired 8/3/2022

It’s GRFTFS at the Movies and yippie-ki-yay… well, you know the rest. It’s financial lessons from Die Hard! You'll learn: How to identify a get-rich-quick scheme How to stay focused on your goal and avoid altering your plan Why Die Hard is (or isn't?) a Christmas Movie Originally aired 7/27/2022

Current market conditions can feel like you're on a highway to the danger zone. But in today's show, the pattern is full of wisdom from 1986's Top Gun! Stay on our wing as we take you all the way in to land in financial independence. Originally aired 7/20/2022

Many middle-aged Americans are bringing up children while caring for aging parents. All the while, they're placing their own retirement needs on the backburner. If this is you, we're here to help with some ways to take care of the older and younger generations while keeping you on track for retirement! Originally aired 7/12/2022

Financial freedom starts with you and it begins with a solid foundation of education! Independence isn't easy - it takes strategy, determination, and often someone to work toward it with you. And with us today to keep you informed with what's going on in the markets is LPL's Chief Economist Jeffrey Roach! Originally aired 7/6/2022