Retirement Reality Podcast
Ep 48: Market Crash Survival Guide

Ep 48: Market Crash Survival Guide

August 27, 2020

How should you prepare for a market crash? We’re here to help you get through those tough times with a five-step market crash survival guide.

 

Read more and get additional financial resources here: https://principalpreservationservices.com/ep-48-market-crash-survival-guide/ 

 

On today's show: 

2:19 - Know how much risk you are exposed to

6:01 - Protect your gains

8:40 - Have appropriate diversification

10:00 - Don’t try to time the market

12:48 - Don't panic

15:10 – Mailbag: Buy shares of company stock?

16:48 – Mailbag: Pay off house/rental property or keep money in account?

Ep 47: Are You Really Ready for Retirement?

Ep 47: Are You Really Ready for Retirement?

August 20, 2020

Just how ready are you for retirement? We explore some of the faulty thinking that leaves people underprepared when it comes time for retirement.

 

Read more and get additional resources here: https://principalpreservationservices.com/ep-47-are-you-really-ready-for-retirement/ 

 

On today's show:

2:41 – Believing a certain number is all you need

5:22 – Believing you won’t need as much money in retirement

7:34 – Expecting you’ll get an inheritance

10:05 – Thinking you’ll just figure it out

11:40 – Believing the income estimate in your 401K statement or retirement accounts

15:21 – Mailbag: Real estate investment trusts

18:36 – Mailbag: Retiring at 55

Ep 46: Figuring Out Finances After the Death of a Spouse

Ep 46: Figuring Out Finances After the Death of a Spouse

August 13, 2020

It’s a topic no one likes to think about. Would you be OK financially if your spouse passed away? Find out how to prepare financially for a worst-case scenario like this and what common mistakes people make.

 

Read more and get additional financial resources here: 

 

On today's show: 

0:55 – A tough situation

2:31 – What can you do to prepare?

3:42 – Why it’s important to meet with both spouses

4:30 – Immediate financial challenges when a spouse dies

7:55 – Wife didn’t know where all the assets were

9:43 – Husband and wife had good plan in place

11:18 – Why planning is key

12:54 – Mailbag: What should a financial advisor help me with?

Ep 45: Avoid These Classic Pre-Retiree Mistakes

Ep 45: Avoid These Classic Pre-Retiree Mistakes

August 6, 2020

We see it all the time. People approach retirement and make these classic mistakes, costing them time and money. Find out how to avoid these common blunders and set yourself up for financial success.

 

Read more and get additional financial resources here: https://principalpreservationservices.com/ep-45-avoid-these-classic-pre-retiree-mistakes/ 

 

On today's show: 

2:40 – Investing like you’re younger

4:35 – Taking Social Security too early

6:38 – Failing to focus on tax planning

8:59 – Thinking Medicare will cover all your needs

10:20 – Taking on extra risk

13:10 – Mailbag question