Retirement Reality Podcast
Ep 64: Are You Prepared for Retirement? Take This Quiz

Ep 64: Are You Prepared for Retirement? Take This Quiz

December 23, 2020

Today we’re sharing five key questions to see if you are ready for retirement. How well do you know your finances?

 

Read more and get additional financial resources here: https://principalpreservationservices.com/ep-64-are-you-prepared-for-retirement-take-this-quiz/ 

 

What we discuss on this show: 

2:42 – Do you know how much you actually have?

5:09 – Do you know how much you’re spending?

7:37 – Do you know how much risk you actually have?

10:07 – Do you know what you’re paying in fees?

12:28 – Do you know what your retirement income stream will actually look like?

14:10 – Using a financial advisor

14:50 – Mailbag: Thoughts on annuities and hedge funds

17:58 – Mailbag: How can I save taxes on my new income?

Ep 63: Why Variable Annuities Are the Liver & Onions of the Financial World

Ep 63: Why Variable Annuities Are the Liver & Onions of the Financial World

December 17, 2020

Variable annuities are a bit of an outcast, the liver and onions of the financial world. Why is that? What are the pros and cons? Mike explains on the show. 

 

Read more and get additional financial resources here: https://principalpreservationservices.com/ep-63-why-variable-annuities-are-the-liver-onions-of-the-financial-world/ 

 

What we discuss on this show: 

2:27 – Why variable annuities are hated on

5:31 – Do many people have variable annuities

7:25 – Many people don’t know they have variable annuities

8:50 – Fees

12:11 – Can you get out of a variable annuity

14:44 – Mailbag: Helping mom after dad dies

16:30 – Mailbag: Should I do a Roth conversion

Ep 62: In Financial Planning, the Customer Isn’t Always Right

Ep 62: In Financial Planning, the Customer Isn’t Always Right

December 10, 2020

You know the saying, “The customer is always right.” Well, that’s not always the case in the financial world. On this episode of the Retirement Reality Podcast, Mike Kojonen explains why you should rely on your advisor’s expertise.

 

Read more and get additional financial resources here: https://principalpreservationservices.com/ep-62-in-financial-planning-the-customer-isnt-always-right/ 

 

What we discuss on this show: 

2:28 – Telling the customer they’re wrong

3:28 - Now is the time to get in or out of the market

6:20 - This is what I want to invest in. I want you to pick the exact funds.

8:19 - I don't need a will, life insurance, long-term care insurance, etc.

10:23 – Feelings about fees

12:24 – I don’t know if this plan is going to work

14:14 – Mailbag: Should I self-insure?

16:18 – Mailbag: Are reverse mortgages a bad idea?

Ep 61: Is Diversification for Suckers?

Ep 61: Is Diversification for Suckers?

December 3, 2020

What does diversification mean to you? And is it good financial strategy? On this episode of the Retirement Reality Podcast, Mike Kojonen breaks down the reasons why it’s not always a good financial strategy. 

 

Read more and get additional financial resources here: https://principalpreservationservices.com/ep-61-is-diversification-for-suckers/ 

 

What we discuss on this show: 

1:58 – Get to know you: Mike’s go-to karaoke song?

4:01 – Warren Buffet quote about diversification

4:54 – Definition of diversification

7:07 – What is diversification?

8:36 - How much emphasis should be put on diversification?

9:34 - Is it possible to be “too diversified?”

11:08 – Mike describes diversification scenario

14:26 – Be prepared