The Get Ready For The Future Show

I hear a recession is coming - what should I do to not run out of money? How do I know if my new job's employer plan is beneficial to me? Did I make a mistake putting money into my small business instead of retirement and is it too late for me? These are YOUR questions we're answering in this episode. And if you would like a question answered on the show, give us a call at 501.381.5228. 7 Steps to Financial Independence  Originally aired 7/12/2023

The June inflation data reveals a slower annual increase in prices since March 2021, suggesting a return to a more normal inflation rate. While some sectors continue to experience rapid price rises, such as the shelter index, #energyprices have seen a significant drop. The Fed remains cautious and hints at future rate hikes, aiming to achieve their preferred inflation rate of 2% and considering other factors like the labor market. But where are inflation rates headed? No one really knows for sure.  Join us on this week's edition of the Fastest Four for more!

We're answering these questions from you, the listener, in this episode: What are some pros and cons of Indexed Universal Life Insurance? How do I know if I've saved enough if I'm nearing retirement and don't want to change my lifestyle? What's your opinion on annuities and how do they fit into a retirement plan? Is it wise for me and my husband to build our dream home? And if you would like YOUR questions answered on the show, give us a call at 501.381.5228! Originally aired 7/5/2023

In this week's Fastest Four Minutes in Finance, GenWealth Financial Advisor Scott Inman explores insights shared by national retirement experts' 11th annual "Inside Retirement" report as they go beyond investments and unveil crucial factors for a secure retirement. From longevity risks to changing family dynamics, find out what it takes to build a comprehensive plan that transcends traditional strategies. 

Is it really beneficial to work with a financial advisor? And what should you do if you inherit money from a loved one? Will this tech rally keep up steam? And how do you protect your clients' identity and money? These are YOUR questions we're answering in this episode. And if you would like a question answered, give us a call at 501.381.5228. 7 Steps to Financial Independence  Originally aired 6/28/2023

In this week's Fastest Four Minutes in Finance, guest host John Shrewsbury shares a new study by BlackRock and the bipartisan policy center whose findings align with GenWealth's retirement investment strategies and provide clarity on retirement planning, addressing concerns about running out of money in retirement. The study emphasizes the importance of a comprehensive retirement income approach that considers multiple risk factors to achieve financial objectives.

If my wife and I are maxing out our 401(k) contributions, what should we do next? Should I keep my paid-up universal healthcare policy? What are the pitfalls of investing in gold? What do I need to know about REITs (Real Estate Investment Trusts)? We're answering YOUR questions in this episode of the Get Ready for the Future Show! And if you have questions you would like answered in the show, give us a call at 501.381.5228. Originally aired 6/21/2023

In this week's Fastest Four Minutes in Finance, guest host John Shrewsbury reveals surprising insights about the current state of the markets and the economy. Despite negative predictions, the S&P 500 has shown strong returns and there are indications of further growth. He discusses key factors and indicators that suggest a positive outlook for the markets, however, he also highlights potential risks and emphasizes the importance of a long-term perspective and critical evaluation of market punditry.

Minimizing taxes, different types of investment accounts, and questions to ask an advisor - these are the questions we're answering in this episode: In trying to minimize taxes in retirement, what "gotchas" should we look out for? Can I contribute to my employer plan AND an IRA? My old advisor only wanted to sell me products. What should I be asking a new advisor? I'm a 1099 and my accountant recommended a SIMPLE. What do you think? And if you would like YOUR questions answered on the show, give us a call at 501.381.5228! Originally aired 6/14/2023

Join us for the Fastest 4 Minutes in Finance as GenWealth Financial Advisor Scott Inman breaks down the latest economic news. In this week's episode, we delve into the recent inflation rate and Fed Funds interest rate releases. Discover how consumer prices are faring, the impact on different sectors, and the Federal Reserve's response. Gain valuable insights into the stock market's performance and the potential for a sustained economic rebound. 

Is the 4% rule a good one? I inherited some money, but what should I do with it? How should I invest if I have a variable income? What happens to my accounts if something happens to my advisor? We're answering YOUR questions!  And if you have questions you would like answered in the show, give us a call at 501.381.5228! Originally aired 6/7/2023

A bull, a bear, recession, and how much does it really matter? GenWealth Financial Advisor Scott Inman explores the potential of a new bull market and advises on the importance of staying invested for long-term stock market success in this week's Fastest Four Minutes in Finance! #FastestFour #FastestFourMinutesInFinance #economy #marketupdate #marketcommentary #inflation #socialsecurity #income #retirementincome #financialindependence #financialeducation #financialliteracy #genwealthfinancial #genwealthacademy #bullmarket #bearmarket #recession #sp500 #stockmarket #marketupdate #marketcommentary #marketvolatility #longterminvesting #marketanalysis #bullvsbear #stockmarketoutlook #investmentstrategy

We've got straight talk about questions from YOU, the listener! In this episode, we're looking at: How can I optimize my portfolio for income and growth while managing risk? Is the 60/40 split a good investment mix? What should I consider after inheriting my parents' accounts? What is FDIC insurance and is my money safe in the bank?  And if you would like YOUR questions answered in the show, give us a call at 501.381.5228! Originally aired 5/31/2023

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