Retire With Style

Episode 70: Income Annuities: Your New Standard Pension Plans

In this week's episode, Wade and Alex break down the basic Single Premium Immediate Annuities (SPIA) and Deferred Immediate Annuities (DIA) and describe how these traditional annuities can function as a personal pension for your essential expenses in retirement. Listen Now to learn more!
Links
If you are a financial professional looking to learn more about the RISA® and Retirement Income best practices join our Retirement Income Masterclass at risaprofile.com/advisors
 
This episode is sponsored by Retirement Researcher https://retirementresearcher.com/. Download their free eBook, 8 Tips to Becoming A Retirement Income Investor at retirementresearcher.com/8tips

Episode 69: RISA® in Action: How do our advisors use the RISA® to navigate personalized retirement income plans.

We kick off our “RISA® in Action” arc with our very own advisors, Jason Rizkallah, CFP®, RICP® and Stephen Pomanti, MS, MSFS, CFP®, ChFC®, CLU®. Coming fresh off our Retirement Income Challenge for Consumers where our participants completed over 300 RISAs, we discuss how the RISA® leads our efforts to identifying how individual preferences inform the financial planning and subsequent implementation of personal retirement income strategies.
 
Links
If you are an individual consumer and want to learn more about the RISA® click here to be directed to our sister firm McLean Asset Management and ask about the RISA®: https://www.mcleanam.com/start/
If you are an advisor and want to see how the RISA® can fit into your advisory firm, click here to sign up for our upcoming Retirement Income Masterclass in August: https://risaprofile.com/advisors
If you want to learn more about the RISA® in general go to https://risaprofile.com/
 
This episode is sponsored by McLean Asset Management. Visit https://www.mcleanam.com/roth/ to download McLean's free eBook, "Is a Roth Conversion Right For You?"

Episode 68: Annuities as a viable source of protected income

In this episode, Wade and Alex break out the “A” word and discuss the many definitional concepts of annuities. We tackle some common misconceptions surrounding how they work (including some that many advisors don't realize exist). We further discuss how they are essentially a “risk-off” solution that fundamentally differs from an investment, “risk on” product. We conclude with a review of how the different annuity types fit within the RISA® framework for how someone wants to source retirement income. Listen now to learn more! 
 
Links 
If you're an advisor that would like to attend the next Retirement Income Masterclass, join our waitlist by visiting risaprofile.com/advisors.
If you are wondering if an annuity is right for you, contact the team at McLean Asset Management by visiting McLeanAM.com
 
This episode is sponsored by Retirement Researcher https://retirementresearcher.com/. Download their free eBook, 8 Tips to Becoming A Retirement Income Investor at retirementresearcher.com/8tips
 

Episode 67:The Future of Protected Income Summit. A review with Wade, Jason, and Alex.

If you want to get a sense of what’s developing in the world of retirement income, then you’ll want to check out our bonus episode. The Alliance for Lifetime Income, the leading consumer advocacy group for protected lifetime income held a summit on the state of retirement income with the help of leading academics and practitioners. Jason Fichtner, the Senior Fellow for the Alliance for Lifetime Income and Retirement Income Institute, will review with us the presentations and panels in this year's summit. Listen now to learn more!
This episode is sponsored by McLean Asset Management. Visit https://www.mcleanam.com/roth/ to download McLean's free eBook, "Is a Roth Conversion Right For You?"

Episode 66: Social Security and how the government is set up to help you. The ultimate insider’s perspective.

Wade and Alex invite Jason Fichtner, former Social Security Administration Chief Economist, to look behind the curtains to see the steps the government is making to help you lead a dignified retirement. We discuss how steps were taken to re-frame your claiming decisions, how client service representatives are trained to provide the most up to date information for you, and the steps they continually take to make sure they are helping you become an informed consumer to help you on your way to an appropriate claiming strategy.
 
And yes, of course, we talk about the trust fund and the debt ceiling as it relates to Social Security’s solvency. Listen now to learn more!
 
Links 
Join the waitlist for our next round of the Retirement Income Challenge at risaprofile.com/podcast 
 
This episode is sponsored by Retirement Researcher https://retirementresearcher.com/. Download their free eBook, 8 Tips to Becoming A Retirement Income Investor at retirementresearcher.com/8tips

Episode 65: The Ins, Outs, and everything in between of Social Security Claiming Strategies with Mary Beth Franklin

In this episode, we welcome Mary Beth Franklin and discuss the various intricacies of social security claiming strategies. While there are basic decision trees that most of us know about, Mary Beth goes into detail regarding more nuanced strategies that can make a big difference in your payout. We also discuss Mary’s views on where she sees social security over the long term. Listen Now to learn more!
 
Links
Join the FREE 4-day Retirement Income Challenge for Consumers on May 22nd-25th by registering now at risaprofile.com/podcast 
This episode is sponsored by McLean Asset Management. Visit https://www.mcleanam.com/roth/ to download McLean's free eBook, "Is a Roth Conversion Right For You?"
 

Episode 64: Social Security’s Future: Hint: It’s Not Going Away

A popular thought in the Zeitgeist is that it is important to claim Social Security as soon as possible because the whole system is on track to insolvency.  Alex and Wade explore this issue with guest Brian Bass, MSFS, CFP®, RICP®, AEP®, CLU®, the Managing Director of Wealth Management at McLean Asset Management. We find that while reform is needed, many options are available, and near retirees can still expect to receive most, if not all, of their presently legislated benefits. Listen now to learn more! 
 
Links 
https://www.crfb.org/socialsecurityreformer/
Join the FREE 4-day Retirement Income Challenge for Consumers on May 22nd-25th by registering now at risaprofile.com/podcast 
 
 
This episode is sponsored by Retirement Researcher https://retirementresearcher.com/. Download their free eBook, 8 Tips to Becoming A Retirement Income Investor at retirementresearcher.com/8tips

Episode 63 Should I Wait or Should I Go? A Look at Arguments For and Against Delaying Social Security Claiming

A topic of intense debate is about what's the best age to claim Social Security. Should people do it as soon as possible after reaching age 62, or wait until they get closer to 70? Alex and Wade will look at arguments on both sides of the debate and provide our assessment of their legitimacy. Listen now to learn more! 
 
This episode is sponsored by McLean Asset Management. Visit https://www.mcleanam.com/roth/ to download McLean's free eBook, "Is a Roth Conversion Right For You?"
 

Episode 62: The Six Steps for Effective Social Security Claiming

Households struggle with making right the Social Security claiming decisions. But the differences between good and bad decisions can add up to more than $100,000 in missed benefits over the lifetime of the household. To help everyone be on the right track, Wade and Alex describe a six-step process to help guide individuals through the complexity of Social Security. Listen now to learn more!
 
LinksGet Your Social Security Statement at: http://www.ssa.gov/myaccount
 
This episode is sponsored by Retirement Researcher https://retirementresearcher.com/. Download their free eBook, 8 Tips to Becoming A Retirement Income Investor at retirementresearcher.com/8tips

Episode 61: How SHOULD You Think About Your Investment Portfolio?

Now that Wade, Alex, and Bob have talked (extensively) about how not to invest, we want to be a little more upbeat. On this week's episode, we want to take a closer look at some of the things that do work - and what that tells you about how to construct your own investment portfolio. Listen now to learn more!
 
This episode is sponsored by McLean Asset Management. Visit https://www.mcleanam.com/roth/ to download McLean's free eBook, "Is a Roth Conversion Right For You?"