Claim OwnershipThe Prosperity Gap Podcast
Subscribed: 2Played: 186
Subscribe
© 2023 The Prosperity Gap Podcast
Description
We teach you how to bridge the financial gap in your life and better prepare you for retirement. Season one was 30 episodes all about Financial Literacy. Well, season two is all about taking it to the next level with retirement. As we talk to others, we realize that over 70% of Americans have not prepared themselves for retirement, and of those who have, 68% assume they're gonna run out of money before they die. Are you ready to bridge the financial gap in your life? Let's go!
106 Episodes
Reverse
With age comes mental decline. Because of this, retired folks are preyed on more by financial scammers than any other age group. Support the show
Retirees find themselves helping family—children, grandchildren, and even their own parents as life expectancy increases. Well-planned retirement plans should take into consideration the chance of having to help family. Support the show
Health Care NeedsIn retirement, folks typically spend $250,000-300,000 alone in medical expenses With scientific advances being made every day, life expectancy increases. Statistically speaking, the longer one lives, the more of a chance they are to experience medical needs—unpredictable and expected. Support the show
Public policy has a huge impact on programs such as Social Security, Medicare, and Medicaid. If major changes are made within these public policies it could cause an increase in taxes, reduction in benefits. Uncertainty is detrimental to a safe and secure retirement.Support the show
It is not secret that the Covid-19 pandemic has affected the economic climate and financial health of our world. Recovering from it will take many years. A lot of folks took advantage of the CARES Act early distribution relaxation to offset financial downturn. Support the show
Retirees often only have a 401(k) as their investment vehicle in their portfolio, especially if they do not meet with an advisor to determine other options. Knowing the risks and how the ball is majorly in your own court will help you save for a secure retirement.Support the show
Reverse mortgage allows for extra funds in retirement. This could be as a means to have for living or use for emergency or to supplement a loss with an economic downturn in retirement savings.Support the show
Inflation is thought of in retirement planning, but most retirees do not consider how it will continue to increase even throughout their retirement. They say there is no rest for the wicked! For example, based on life expectancy, someone retiring between 65-70 should plan to life on average another 20 years. Assuming a rate of 3%, daily costs of living could potentially double within 20-24 years. Support the show
Debunking the Top 5 Annuity MythsSupport the show
In this episode of the podcast we are digging deep. We are going to talk about the fears in retirement and how to be prepared. There can be a lot of fear when discussing retirement and we are breaking this down on a very a personal level. If you are not prepared it can cause problems, so it is all about putting a plan together and avoid the pitfalls that came in retirement. It is about having an enjoyable retirement. Support the show
Medicare mistakes 9-16. Helping you avoid these mistakes before retirement. Support the show
Dave covers 8 out of the 16 most costly mistakes when it comes to Medicare. Support the show
Qualified Longevity Annuity Contracts - (QLAC) is a type of deferred annuity funded with an investment from a qualified retirement plan or an individual retirement account.Support the show
It's time to really understand the importance of your Social Security in retirement. Support the show
Dave breaks down the highlights of the Secure Act 2.0Support the show
Dave shares 10 tips on helping your retirement money last longer Support the show
Dave breaks down how you can transfer from a traditional retirement account to an HSASupport the show
The best of the best with Dave Hall. Dave answers retirement questions. Support the show
Dave Hall breaks down the US financial situation and tax rate risk facing you in retirement. Support the show
Dave Hall and Podcast Producer CR Thelin talk about "Retirement Statistics" and how to fix the issues we are constantly facing. Support the show
Comments
Download from Google Play
Download from App Store
United States