Today's Hack

You work hard and deserve the chance to enjoy your retirement to the fullest. No one wants to reach that next chapter with regrets on how you invested and planned along the way. Make the right decisions now and you won’t have that worry in retirement, and we’ll give you advice to rid your portfolio of regrets.

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Show Notes For This Episode

Today’s Hack:

You work hard and deserve the chance to enjoy your retirement to the fullest. No one wants to reach that next chapter with regrets on how you invested and planned along the way. Make the right decisions now and you won’t have that worry in retirement, and we’ll give you advice to rid your portfolio of regrets.

Click the timestamps below to jump ahead in the episode…

Other Retirement Facts:

When you reach retirement, do you want to enjoy it the way you envisioned it or would you rather worry about spending and income? That’s an easy answer, but if you make poor decisions during the planning process, you could end up with a retirement full of regrets.

The good news is we know the steps it takes to reaching the next chapter without worrying about your past mistakes. On this episode of Phil’s Tax Hacks (and other retirement facts), let’s talk about the guidance you need to avoid these regrets. Phil will run through the considerations you need to make with your portfolio to limit missteps and risk. Advisors are there to help you through the process so lean on yours to assist you with these things.

With the 2020 election a year away, we’re seeing candidates discuss a wide-range of topics but few get as much attention as healthcare. It’s an issue that many people see differently, so we want to get Phil’s thoughts on health insurance and the discussions we’re seeing during debates.

We’ll close out the show with a mailbag question about 401k investments and a getting to know question for Phil about movies. Check it out in the player at the top of the page and use the timestamps below to skip around to a specific topic.

[1:31 ]– In the News: Health insurance is a major issue in the upcoming 2020 election and every candidate has an idea of how they want to handle. What does Phil think about healthcare?

2:38 – We have to get the payment of the services back in the hand of the person using it.

3:55 – Let’s move to our main topic this week: retiring without regret.

4:31 – Advice: Don’t make sudden decisions.

6:03 – Outside of the market, this advice also applies to life decisions as well as investing.

7:25 – Social Security is an area where there could be big consequences for making the wrong decision.

8:44 – Advice: Don’t jump into investments you don’t understand.

10:16 – If you are a speculative person, how much can you ‘gamble’ with?

11:39 – Does Phil see many clients that like taking the risk or are people more conservative?

12:56 – Advice: Know what retirement means to you.

13:29 – Advice: Work with a professional.

16:27 – Mailbag Question: Most of my 401k is invested in company stock. Is that bad?

20:05 – Getting to Know Phil: What’s your favorite movie genre?

A Quotable Moment:

 

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