Claim OwnershipRetirement Wisdom with Joe
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Imagine unlocking the secrets to a secure, exhilarating retirement faster than you ever thought possible. On this podcast, Joe cuts through the noise, providing you with powerful tips, expert strategies, and straightforward advice to transform your retirement journey. Whether you're navigating investing, tax planning, Social Security, or insurance, every episode is crafted to give you the confidence and knowledge you need.
🎙️ Why Subscribe?
- Learn proven techniques to accelerate your retirement goals
- Discover actionable steps to simplify complex financial strategies
- Gain peace of mind with a solid plan for the future
- Spend more time dreaming about what truly matters in your retirement
Each week, Joe brings fresh insights and practical advice straight to you, so you can maximize your return on life and start living your dream retirement today. Don’t wait another day—subscribe now and take the first step towards a future filled with freedom, security, and excitement!
21 Episodes
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Imagine feeling financially set for retirement, only to be blindsided by the crushing costs of long-term care. If this concern keeps you up at night, you’re not alone. Studies show that only 14% of Americans feel confident they could afford long-term care if needed. With costs skyrocketing—nursing home care now exceeding $10,000 per month—having a plan in place is more important than ever.
In this episode, we break down:
✔️ The real costs of long-term care and why they’re rising fast
✔️ Why Medicare won’t cover it—and why relying on Medicaid may not be ideal
✔️ Alternative strategies to plan for long-term care, including annuities and insurance riders
✔️ How health savings accounts (HSAs) can help prepare for future healthcare expenses
Don’t wait until it’s too late to plan for long-term care! Call 800-6-WISDOM (800-694-7366) now for your complimentary Retirement Guide and customized retirement kit—your roadmap to financial security in uncertain times.
📌 Enjoyed this episode? Be sure to subscribe for more expert insights on retirement planning, financial security, and wealth protection.
Ronald Reagan once warned that inflation is as violent as a mugger, as frightening as an armed robber, and as deadly as a hitman—and after the past few years, it’s easy to see why. While the Federal Reserve is working to control inflation, many financial experts are skeptical. Some even predict a return to 1970s-style stagflation, where rising prices and slow growth wreak havoc on retirement savings.
So, what does this mean for your financial future? In this episode, we break down:
✔️ The history of inflation and how it could impact your retirement
✔️ The risks of stagflation and why it’s a serious concern
✔️ How annuities and other strategies can help protect your income
✔️ Why delaying Social Security and planning for long-term care could be smart moves
Don't let inflation erode your retirement savings! Call 800-6-WISDOM (800-694-7366) now for your complimentary retirement guide and customized retirement kit—your roadmap to financial security in uncertain times.
📌 Enjoyed this episode? Be sure to subscribe for more expert insights on retirement planning, financial security, and wealth protection.
The U.S. national debt has surged past $34 trillion, growing by $1 trillion every 100 days—a staggering $10 billion per day. But how does this affect your retirement? Should you be concerned?
In this episode, we break down the alarming rise in national debt, the skyrocketing interest costs, and the potential consequences for Social Security, Medicare, taxes, and inflation. More importantly, we’ll explore smart strategies to protect your retirement, including diversification and guaranteed income solutions like annuities.
Don’t wait until it’s too late! Call 800-6-WISDOM (800-694-7366) now for your complimentary retirement guide and customized retirement kit—your roadmap to financial security in uncertain times.
📌 Enjoyed this episode? Be sure to subscribe for more expert insights on retirement planning, financial security, and wealth protection.
Do you trust your bank? With recent bank failures and the growing instability in the commercial real estate market, many are starting to question the long-held belief that banks are always a safe place for their money. In this episode, we take a deep dive into the risks facing America’s banking system and what they mean for your retirement.
From the impact of rising interest rates to the struggles of vacant office buildings, we’ll explore how these financial challenges could lead to a full-blown banking crisis. More importantly, we’ll discuss practical steps you can take to safeguard your retirement savings, including diversification strategies and the role of annuities in providing guaranteed income.
Don’t wait until it’s too late—being informed and proactive is your best defense. Call us today at 800-6-WISDOM (800-694-7366) to receive your complimentary Retirement Guide and customized retirement kit.
Tune in now and take the first step toward a more secure financial future!
Will you outlive your money? If this question has ever crossed your mind, you're not alone. In fact, 50% of Americans fear running out of money before they die. And for good reason—longevity risk, or the possibility of living significantly longer than expected, is one of the biggest threats to your financial future.
In this episode, we uncover why outliving your savings is an even greater risk than a stock market crash or inflation. Nobel Prize-winning economist William Sharpe calls it the "nastiest, hardest problem in retirement planning"—but there are strategies to help you manage it.
We'll discuss:
✅ The shocking statistics about life expectancy and why traditional retirement plans may fall short
✅ How annuities can provide guaranteed lifetime income and reduce financial stress
✅ Smart Social Security strategies to maximize your benefits
✅ The importance of prioritizing your health to preserve your wealth
Most importantly, we’ll share actionable steps to protect your retirement and ensure financial security—no matter how long you live.
🚨 Don't leave your future to chance! Get your complimentary Retirement Guide and personalized investment toolkit today. Call 1-800-6-WISDOM (800-694-7366) to start planning for a stress-free retirement.
What’s the biggest fear for retirees? It’s not health problems or even death—it’s running out of money. The rising costs of long-term care can drain your savings faster than you think, putting your financial future and legacy at risk.
In this episode, we dive into the real dangers that could threaten everything you’ve worked for and reveal smart strategies to help protect your assets. If you want to secure your retirement and leave something meaningful behind, you won’t want to miss this conversation.
Call 800-6-WISDOM (800-694-7366) for your free retirement guide and customized retirement kit. Don’t wait—your future depends on it.
👉 Subscribe now so you never miss an episode filled with expert insights to help you retire with confidence!
Retirement should be a time to relax, but financial worries keep many retirees on edge. With market volatility and rising costs, outliving savings is a real concern.
In this episode, we explore guaranteed income—a strategy that provides financial security and peace of mind. Learn how annuities and smart planning can help you maintain your lifestyle without stress.
We cover:
✔️ Why 73% of retirees worry about running out of money
✔️ How guaranteed income reduces stress and boosts financial stability
✔️ Annuities as a personal pension for lifelong income
✔️ Hidden benefits like inflation protection and fraud prevention
Don't leave your future to chance! Call 800-6-WISDOM for your complimentary Retirement Guide & Kit.
🎧 Subscribe now and start your journey toward a worry-free retirement!
Let’s face it—thinking about long-term care isn’t exactly fun. But what’s even less fun? The thought of being forced into a nursing home due to a lack of planning. The reality is that 70% of Americans will need some form of long-term care, yet most want to stay in the comfort of their own home. Unfortunately, without a solid financial strategy, the rising costs of in-home care can make that dream impossible.
In this podcast, we break down the good, the bad, and the ugly of planning for long-term care at home. From understanding the true costs of in-home care to avoiding financial pitfalls that could drain your savings, we provide expert insights and actionable steps to help you secure your future. Whether it’s long-term care insurance, HSAs, annuities, or home modifications, we cover the best strategies to increase your chances of aging in place—without burdening your loved ones.
Don't wait until it's too late. Take control of your financial future today! Call 800-6-WISDOM (800-694-7366) for your free retirement guide and personalized retirement kit.
📢 Subscribe now and start planning for the future you deserve!
Which Retirement Income Sources Should You Tap First?
Deciding which retirement income source to tap first can have a major impact on how long your savings last. In this episode, we break down key strategies to help you maximize your retirement funds while minimizing taxes.
We'll discuss:
The pros and cons of withdrawing from taxable, tax-deferred, and tax-free accounts.How required minimum distributions (RMDs) can push you into higher tax brackets.The benefits of annuities for guaranteed lifetime income.Why delaying Social Security could boost your monthly payments.
Retirement planning doesn’t have to be overwhelming—having a solid strategy can make all the difference. Tune in to learn how to create a plan that works for you!
Listen now for expert insights and practical retirement tips and call Joe today at 800-6-WISDOM.
You’ve worked hard for decades, carefully saving and believing you have enough money to provide security for the rest of your life. But what if the unexpected strikes? A devastating diagnosis, a sudden market crash, or a once-in-a-lifetime catastrophe could unravel your financial future in an instant.
Stress-testing your retirement plan is not just smart—it's essential. It's like running a fire drill for your finances. By simulating worst-case scenarios, you can see how your plan holds up under pressure. Yet, far too many people skip this crucial step or treat it as a one-time task. Without stress-testing your plan and making adjustments, you're leaving your future to chance, hoping everything will go as planned. Hope isn't a strategy…in this case, it can be a dangerous gamble.
According to a study by the American College of Financial Services, only 33% of Americans aged 50 to 74 have a formal retirement plan in place. If you’re putting this off, you're certainly not alone—but that doesn't make it any less dangerous. Retirement planning might not seem urgent, but it’s one of the most critical decisions that will shape your future well-being. Every month you wait, you lose out on opportunities to protect yourself. Let’s look at the common risks that can jeopardize your retirement and the steps you can take today to protect your future.
Retirement should be a time for fun and relaxation. Instead, many Americans end up worrying about their finances. Relying on stock market investments for your income can leave you with little certainty. If you’re not one of the lucky ones with an employer pension, you might think you’re destined for constant financial stress. The good news is that it’s optional. With the right financial planning, you can create your own paycheck for life, even if you don’t have a pension.
As a financial advisor specializing in retirement planning, I spend a lot of time talking about this topic. Sadly, too many people are not even aware that you can create an income source that’s safe from the gyrations of the market.
Fortunately, it is very possible. The key is to start planning early. If you wait too long, you may have fewer options, and those choices may be more expensive.
The current national debt is more than thirty-four trillion dollars, and it's increasing literally by the second. The number is so large that it's almost impossible to comprehend. Here’s one way to understand the scale of it all: If you were to count back in time one billion seconds, you'd find yourself back in the 1980s. But if you were to count a trillion seconds, you'd be transported to the era of wooly mammoths, around 30,000 B.C.
What's even more alarming is that this number is currently skyrocketing, with a staggering $1 trillion added every 100 days. That means it’s growing at a rate of about 10 billion dollars per day.
But America’s debt load is nothing new. Should you be concerned?
I believe the answer is yes, and doubly so if you are in or approaching retirement. Let's dive into the potential risks this massive liability could pose to your future.
Social Security is a program designed to replace a part of an individual's working income when they reach retirement age. The benefits are financed through payroll taxes. The program has come under scrutiny in recent years due to the dwindling of some of its sustaining resources.
In a recent report, the Social Security Board of Trustees stated that the program's primary trust fund will run out of assets by 2033. When the trust fund is empty, the program will be able to pay only 80% of promised benefits unless corrective action is taken.
We’ve all heard those classic retirement tips—“save 15% of your income” or “just follow the 4% withdrawal rule.” These rules of thumb have been passed down for decades. As a financial planner who specializes in retirement planning, I hear people mention these frequently. But the important question is, do these old rules really hold up in today’s world?
Years ago, people retired and lived maybe another 10 or 15 years. But today, retirement could last 30 years or more. The stakes are dramatically higher since you could spend just as much time in retirement as you did working. With people living into their 90s and beyond, the traditional rules simply weren’t built for the financial realities we face today.
While these old rules of thumb might be a decent starting point, they’re not designed for today’s retirement planning. You don’t want to build your future on what is essentially a guess. Instead, you deserve a well-thought-out plan that can protect you from running out of money or being forced to downsize your lifestyle.
But do these guidelines have any place in your retirement planning? Let’s take a closer look and find out if they’re still relevant—and if not, what you might want to consider instead.
No one likes to think about their own death. Many avoid the subject entirely. But here's the catch: if you don't face it, you might not realize how long your retirement could last. Ask yourself: can you afford to risk outliving your savings?
Ignoring this question can be a dangerous mistake. Unfortunately, many Americans are doing just that. A recent CNBC survey found that 64% of those saving for retirement are planning for just 20 years or less of retired life—or they aren't planning at all!
Twenty years might sound like a long time. But in reality, many Americans are spending 30-plus years in retirement. If you don't plan for that, you could run out of money when you need it most.
Do you worry about the skyrocketing costs of healthcare? If so, you're not alone. Research by the University of Michigan found that more than half of those 50 or older worry about how the spiking costs of medical care, long-term care, and prescription drugs will impact their retirement.
What about Medicare? There's a common belief that once you turn 65, Medicare will take care of most of these costs. The reality is, unfortunately, quite different. Medicare only covers a fraction of these often staggering expenses. Let's dive into what you can expect and how to plan for these costs in your retirement.
If you're tuning in, you're already taking your first steps towards a secure future.
There’s nothing easy about investing for retirement.
Market fluctuations can have an impact on your financial security, particularly as you approach retirement. Since retirement planning involves making decisions that will affect your long-term financial stability, it's important to carefully consider how market volatility may influence your investment strategy. Planning effectively can help you manage risks and work towards a more secure financial future. As a financial advisor, I understand these concerns. That’s why my message is always to focus on putting a solid retirement plan in place.
Listen to find out how to put a solid plan in place
You can save diligently your entire working life, but without a solid spending plan, those savings might not last. The process, called “decumulation”, is the gradual conversion of retirement savings into income.
Crafting that spending plan is no small feat. Nobel prize-winning economist Richard Thaler noted that “decumulation is a more difficult challenge than accumulation”. Financial planner David Agway noted that one wrong withdrawal in your retirement fund can ruin a decade of investing. So given this reality, how can you protect your financial future?
Listen to find out what to do
Many people assume that Medicare will cover most of their health expenses. That misconception leads them to believe that they don't need to worry too much about healthcare costs in retirement.
A 2022 survey by Fidelity Investments shows just how widespread this belief appears to be. According to the research, many people underestimate health expenses once they qualify for Medicare. The survey found people believed they’ll only require about $41,000 for out-of-pocket expenses over their entire retired life.
In fact, many people seem to be looking forward to Medicare, hoping they will finally be free from all these premiums and copays. Unfortunately, that's far from the reality.
Listen to learn about the reality and what to do about it.
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