September 24, 2020
As life spans continue to increase, so does the need for more money later in life. On this week’s episode of the Retirement Reality Podcast, Mike Kojonen explains how to plan financially for a long life.
Read more and get additional financial resources here: https://principalpreservationservices.com/ep-52-can-you-afford-to-live-a-long-life/
What we discuss on this show:
1:05 – Let’s talk about longevity
2:40 – Oldest clients
4:33 – Oldest family member
5:44 – Why is living long a risk?
8:44 – Are people prepared for longevity question?
11:05 – People afraid of running out of money
14:00 – Mailbag: should I cash out life insurance policies?
16:04 – Mailbag: How to prepare financially to leave job?
September 17, 2020
You’ve heard advice about how to improve your finances and prepare for retirement, but what about mistakes? On this week’s episode of the Retirement Reality Podcast, Mike Kojonen shares five ways you could be ruining your retirement.
Read more and get additional financial resources here: https://principalpreservationservices.com/ep-51-5-ways-to-ruin-retirement/
What we discuss today:
3:28 - Treating retirement as a destination
6:22 – Believing retirement will solve all your problems
8:11 - Assuming your monthly spending habits will be same
10:39 – Not staying active in retirement
13:52 – Investing like you’re 35 years old
18:14 – Mailbag: Which account should I withdraw from first?
September 10, 2020
On this week’s episode, we take a look at some of the financial and retirement challenges that are unique to women and how to handle them.
Read more and get additional financial details here: https://principalpreservationservices.com/ep-50-financial-issues-and-advice-for-women/
What we discuss today:
1:04 – Off-topic: Is this a good time to buy a home or refinance?
4:49 – How engaged are women with finances?
7:59 – Women in difficult financial situations
9:43 – Challenges faced by widowed women
11:43 – Advice for men
13:22 – A memorable story
17:36 – Mailbag: Financial issues in second marriage
September 3, 2020
How can you build a strong financial house? Mike gives you step-by-step instructions to create a solid foundation for your finances.
Read more and get additional financial resources here: https://principalpreservationservices.com/ep-49-how-to-build-a-strong-financial-house/
What we discuss on this episode:
3:56 – Foundation = Income Plan
6:23 – Walls = Investment Plan
8:11 – Roof = Insurance protections
11:20 – Finishing Touches = Estate Plan
16:54 – Mailbag: Forced into early retirement
19:12 – Mailbag: Can you explain the rule of 100?