Retirement Reality Podcast
Ep 52: Can You Afford to Live a Long Life?

Ep 52: Can You Afford to Live a Long Life?

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?

Ep 51: 5 Ways to Ruin Retirement

Ep 51: 5 Ways to Ruin Retirement

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?

Ep 50: Financial Issues and Advice for Women

Ep 50: Financial Issues and Advice for Women

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

Ep 49: How to Build a Strong Financial House

Ep 49: How to Build a Strong Financial House

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?