This is part 2 to our Retire ASAP Quickguide series. Now that we have taken inventory of our assets, we need to analyze them and see if they are still a good fit for our retirement plan. Taylor and Brad talk about how they analyze portfolios in their office, advisor fees, and a few more critical questions you should be asking yourself regarding to your portfolio.
2020 is finally behind us and with a new year comes new goals. We are kicking off a 3 part series called the Retire ASAP Quick Guide that’s aimed to help you jumpstart your retirement. Today we focus on the importance of keeping an inventory of what you have. This is crucial when planning for retirement so you know where you are at currently and what steps you need to take in order to achieve your goals.
As the year winds down, it’s important to set ourselves up for success not only in personal growth, but also with our finances. 2020 has been a rollercoaster of a year with many events no one could have predicted, and having a financial plan helps protect your portfolio when these unforeseeable moments transpire. Taylor and Brad talk today on what you can do starting now to help set you up for a great 2021 no matter what may happen in the new year.
On the last podcast, we talked about the need to have a purpose in retirement in order to get the most enjoyment out of it. It’s no doubt that purpose takes on many different forms in our lives and often we have more than just one purpose. On today’s episode, Taylor asks Brad what he wants his retirement life to look like and the specific goals that he has.
It’s not uncommon to see people work hard for many years in order to reach for the ultimate goal of retirement. But what will your purpose shift to once you reach that goal? Taylor and Brad sit down to talk about why you need to have a purpose in retirement and not just live to complete the mundane aspects of life.
Long-term care is a subject that most people don’t like to discuss. Many don’t think that they will be put in that situation, but that couldn’t be further from the truth. Taylor and Brad break down what potential options are out there for long-term care and the situational circumstances to each choice.
In order to retire comfortably and confidently, you need an income plan to carry you through retirement. Often times, people have a certain number they would like to reach before they can retire, but other considerations need to be included such as risk and your goals. Taylor and Brad talk about the variables that make up a great income plan that will help get you through retirement.
The media loves to spread the idea that it’s possible to get rich quickly by investing in a couple of companies. But the truth is that becoming a successful investor is a longer term process and very few people feel that instant gratification. Taylor and Brad discuss some of the ways the media tries to get you to invest emotionally and why having a professional guide you through the noise is imperative.
On this episode we invite John Russell to the podcast. John is a Farmers Insurance agent who specializes in home and auto insurance. Taylor and John talk about his philosophy and the importance of working a professional who has your best interest in mind.
Some people have an ambitious goal to retire early, but there are considerations we need to take into account. What if they retire before they are able to qualify for Medicare? Taylor and Brad will talk about different plans that are available for people in this exact situation.