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Practical Retirement Advice

Episode #169: The Bank On Yourself Shift: Is It Time To Fire Your Banker

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Episode #169: The Bank On Yourself Shift: Is It Time To Fire Your Banker

 
 
00:00 / 30 mins
 
1X
 

Mark Willis, from the not your average financial podcast show, explains the Bank On Yourself shift: is it time to Fire Your Banker. The role of banking system has changed. It’s time to learn an old way to save for your Financial Goals.

Mark is a CERTIFIED FINANCIAL PLANNER™, a two-time #1 Best Selling Author and the Owner of Lake Growth Financial Services, a financial firm in Chicago, Illinois. Over the years, he has helped hundreds of his clients take back control of their financial future and build their businesses with proven, tax-efficient financial solutions. He specializes in building custom-tailored financial strategies that are unknown to typical stock-jockeys, attorneys, or other financial gurus.

To understand the concept of Bank on Yourself then it helps to think differently about your money, your economy and your future. The traditional role of banks have changed. In my early 20’s to borrow money to buy a car I went to the bank to take out a personal loan. These days the banks tell you to take out a credit card.

A banker is a fellow who lends you his umbrella when the sun is shining, but wants it back the minute it begins to rain.

Mark Twain

To find a more predictable way to meet your financial objectives it could be as simple as fire the banker and save via a life insurance policy. It is an old system that is regaining popularity. Traditionally whole of life policies were used for savings. Up to one third of income went into life insurance and savings. Today less than five percent of income is being saved.

Do you want to grow your wealth in ways that are safe and predictable, to become your own source of financing, and create tax-free income in retirement? This old fashioned dividend paying whole of life insurance policy could work for you. Whether you need cash to fund capital purchases, provide cash for your business or even fund your retirement this concept of bank on yourself could work for you.

Connect online with Mark

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Episode #168: When Should You Retire? How To Avoid Retiring Exhausted

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Episode #168: When Should You Retire? How To Avoid Retiring Exhausted

 
 
00:00 / 25 mins
 
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A question on most 50+ people’s minds is when should you retire? Do you want to know how to avoid retiring exhausted? Chip Munn, CEO of Signature wealth, author and podcaster, raises questions that are on most people minds looking at retirement planning. Learn why old school retirement plans are broken in this episode.

Some people may retire unexpectedaly. They may have a health issue that sees them giving up work early. Or they could be laid off suddenly from work.

However most people are in control of their retirement date and that’s where Chip Munn sees his role is to guide them toward a customized, detailed plan for their Signature Life. Chip Munn was ranked among the Top 10 Regional Advisors Under 40 on Wall Street magazine. Chip as the CEO and Visionary of Signature Wealth has seen his practise has grow to a regional wealth management group with 30+ team members with almost $1.3B of client assets under care.

When you Check in with a specialist in:

  • retirement,
  • education planning and the
  • transfer of wealth

will see you fulfilling your dreams and living your best lives. It will give you the confidence to know when should you retire.

Retirement as we’ve known it is broken writes Chip in has book “The Retirement Remix – A Modern Solution To An Old School Problem.” The concept of ‘old school’ retirement of working hard all your life to go on a permanent vacation is making people miss out in life. If you want to stop putting off that vacation or that golf game then there is a more modern approach to when should you retire.

Be being proactive you can choose not only your retirement date but also give yourself time to be ready to retire. Some folks are avoiding retiring exhausted by the reducing the hours they work leading up to retirement. By doing this they are putting themselves in the right frame of mind and giving themselves the opportunity to wind down and actually enjoy the life they are living leading up to retirement.

Retirement is a journey that should give you freedom and the flexibility to do what your want. Money is a touchy subject for many so you need to pick a Certified Financial Planner that you’re comfortable with. Create a plan that will allow you to enjoy your life while you are still working and avoid retiring exhausted.

Connect online with Chip

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Episode #167: Hear How To Create And Grow Monthly Income With Option Alpha Education To Face The Fear Of Running Out Of Money

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Episode #167: Hear How To Create And Grow Monthly Income With Option Alpha Education To Face The Fear Of Running Out Of Money

 
 
00:00 / 23 mins
 
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Hear how to create and grow monthly income with Option Alpha education to face the fear of running out of money. Kirk Du Plessis, founder of Option Alpha, shares his free education platorm to start you on the right investing track.

Kirk Du Plessis, Founder & Head Trader of Option Alpha, says their mission has never changed: Help investors just like you consistently place smarter, more profitable trades. Kirk wants this program for you and your trading to push you towards a new realization and understanding of how the markets actually work (and how to make money trading high probability option setups).

At Option Alpha they believe in their education programs so much that they give away ALL of their video training and courses for FREE. Their free education is for everyone. They have over 200,000 traders that have signed up.

Option Trading is a means to reduce the volatility in your portfolio and get some return above the market over time. It is possible to trade a strategy to have a positive outcome. However some people are just gambling. The best way to protect yourself is to get educated and understand what you are doing and create some stable habits.

Principles of Successful Trading:

  1. Can’t choose where market goes
  2. Small position sizing – under 5% of your account
  3. Let trades work themselves out overtime

You don’t have to be overly aggressive in managing or adjusting your position when you are a position trader over 30, 60 or 90 days. It allows you time to sit on your hands. Short term trades are faster and can make you more money but require more babysitting.

After many trading successes and some failures Kirk says there are certain principles that make someone successful at trading. Option trading is easy to understand on the outside. Success can be as easy as following a systematic and routine-based system day in and day out.

If you want to face the fear of running out of money in retirement then option trading could be a strategy for you. Could you survive without retirement savings and being stuck with a life of never-ending work? Option trading can be a way to creating monthly income. Kirk is very proud of a German student of Option Alpha that lives in Panama and is now trading options on the US markets.

Join Option Alpha founder Kirk Du Plessis and find out how getting educated is invaluable to your long term success towards creating an ongoing monthly income.

Connect online with Kirk

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Episode #166: Where To Retire Early And Make Those Dollars Last Longer

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Episode #166: Where To Retire Early And Make Those Dollars Last Longer

 
 
00:00 / 21 mins
 
1X
 

Are you fearful about where to retire early and make those dollars last longer? Travis Luther, an entrepreneur, speaker and author of the book ‘The Fun Side of The Wall’, shares his surprising findings including why single female baby boomers are not afraid to face retiring in Mexico.

Travis Scott Luther is the Founder of Luther Media, LLC whose companies include Law Father, ValetAds, Queen Anne Pillow Company, and TrialLine. Within the legal community, Luther is regarded as an expert storyteller and case consultant. He has parlayed his storytelling expertise into a successful writing career. Forbes.com called Luther a “Retirement Abroad Authority” with the recent release of The Fun Side of the Wall, an Amazon #1 new release. He is also the current host of the Travis Luther Travis Luther Podcast.

Everyday 10,000 Baby Boomers turn 65-years-old. With a total of 65 million native born Baby Boomers in the U.S., this number will remain steady for the next 15 years according to Travis Luther.

The thought of life without Retirement savings is pretty scary. In the western world the cost of living is high. As you get up in years your thoughts turn to retirement, both the cost of living and the lifestyle that can be achieved. Life without savings could see you stuck in a cycle of never ending work.

Over the last decade, retirement in Mexico has become an increasingly attractive option for people looking to stretch their retirement dollars and raise their standard of living. It’s also become a hotspot for retirees seeking out authentic and meaningful communities!

Reasons for baby boomers become expats

  • achieve a lifestyle that is based on community and contribution;
  • cost of living;
  • female singles feeling safe and
  • health care costs
  • retire early

If you want to retire early, find an authentic community to retire in then listen in to hear why more educated and affluent expats are choosing Mexico for their retirement destination.

Connect online with Travis

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Episode #165: Do You Really Want To Cash Stocks As The Market Panics?

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Episode #165: Do You Really Want To Cash Stocks As The Market Panics?

 
 
00:00 / 22 mins
 
1X
 

Australias Financial Wizard of Oz, Noel Whittaker, shares his views on do you really want to cash stocks as the market panics. Well it depends on your situation of course. But if you are retired and invested then the message is don’t panic! Expert opinion for controlling your fear.

International bestselling author, finance and investment expert, radio broadcaster, newspaper columnist and public speaker, Noel Whittaker is one of the world’s foremost authorities on personal finance.

Noel is one of Australia’s most successful authors, with 20 bestselling books achieving total worldwide sales of more than two million copies. His first book, Making Money Made Simple, set sales records across the country and was named in The 100 Most Influential Books of the Twentieth Century.

Noel shares his insights into the state of play with this current financial crisis brought about by the Covid 19 Global Pandemic. This crisis is different to others becuase we have had our socializing restricted. This in turn has curtailed our spending habits. At one stage we could not even go out to buy a cup of coffee. Millions of businesses and works have been affected around the world.

Noel shares his insights into the state of play with this current financial
crisis brought about by the Covid 19 Global Pandemic. This crisis is different
to others because we have had our socializing and travel restricted. This in
turn has curtailed our spending habits. At one stage we could not even go out to buy a cup of coffee. Millions of businesses and workers have been affected around the world.

Noel is sharing what we should be doing or not doing with our investments in these uncertain times when the market panics.

Connect online with Noel

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