loader from loading.io

Critical Financial Steps to Take Before You Retire

Something More with Chris Boyd

Release Date: 10/04/2024

A New Year show art A New Year

Something More with Chris Boyd

A New Year – Chris Boyd, Jeff Perry, and Russ Ball review 2024, including stocks, bonds, real estate, and cryptocurrency. The trio offers their forecasts for 2025 and provide some perspective on how market trends and economic cycles do not last forever and assets tend to revert back to the mean level over time. The conversation turns to the importance of financial planning in the context of volatile markets. For more information or to reach Chris Boyd or Jeff Perry, click the following link:  

info_outline
Do you have a Goal? show art Do you have a Goal?

Something More with Chris Boyd

Do you have a Goal? – It is time to think about 2025 New Year’s resolutions and goals. Chris Boyd and Jeff Perry share their personal perspectives on setting goals in all areas of one’s life. The duo shares why using the SMART goal planning system can be the most effective method. Jeff uses the example of having the goal to save for future college expenses of a child or grandchild. Chris explains how goals play such a critical part of having a successful long-term financial plan. The AMR Team is seeking your opinions on the Something More podcast. To participate in our survey, please...

info_outline
Annual Reviews/Know Your Numbers show art Annual Reviews/Know Your Numbers

Something More with Chris Boyd

Annual Reviews/Know Your Numbers – As we close out 2024 and enter a new year, it is a great time to meet with your financial advisor and conduct a holistic review of your financial plan. Jeff begins by outlining having your personal Net Worth Statement and Cash- Flow/Budget. Chris explains in detail the elements of a comprehensive financial plan, including reviewing life changes, investment objectives, risk tolerance, time horizon, and liquidity needs. Chris and Jeff also suggest streamlining your financial and bank accounts to ensure efficiency and effectiveness. Jeff mentions how your...

info_outline
Don’t go broke in retirement show art Don’t go broke in retirement

Something More with Chris Boyd

Don’t go broke in retirement – Chris Boyd and Jeff Perry dig into several factors that can lead to someone in retirement not having sufficient assets and income to live their desired lifestyle. Chris and Jeff discuss the below linked article as they review the following risk factors: You Still Have Unsecured Debts, You Can’t Stick to a Budget, You Haven’t Budgeted for Health- Related Costs, You Still Pay for Dependents, and You Aren’t on Track to Retire With 25 Times Your Budget. Chris and Jeff emphasis how having a financial plan in place will guide you best with your retirement...

info_outline
Not never, but be cautious show art Not never, but be cautious

Something More with Chris Boyd

Not never, but be cautious – Should you buy an annuity as a part of your retirement planning? Based on an email from a listener, Chris Boyd and Jeff Perry provide their commentary on the proper use of annuities. Chris outlines the various types of annuities commonly sold by life insurance companies. Chris and Jeff caution listeners about the embedded fees and features of these products. Jeff points out the lack of flexibility to owners of annuities and reminds listeners in a typical fixed annuity based on the owner’s lifetime, there will nothing left for the inheritance/legacy. Chris...

info_outline
Retirement Income Strategies for the Long Haul show art Retirement Income Strategies for the Long Haul

Something More with Chris Boyd

Retirement Income Strategies for the Long Haul – Chris Boyd opens this episode with an offer to listeners for a complimentary 2024 Tax Planning Checklist. The conversation turns to a discussion of a Kiplinger’s article (see link below) about retirement income strategies that Chris was quoted in. Chris and co-host Jeff Perry discuss segmenting retirement income by using the bucket strategy, the use of dividend stocks/bonds versus total portfolio, having diversified income streams, using annuities (or not) for guaranteed income, and working part-time in retirement. Chris and Jeff remind...

info_outline
Elevate & Empower show art Elevate & Empower

Something More with Chris Boyd

Elevate & Empower – Author and radio personality Jeff Katz joins the podcast to discuss his new book, Elevate & Empower. The show starts out with a lively discussion of Jeff’s unique background of being a police officer, wrestling promoter, radio show host, public speaker, husband, and father. Jeff shares the personal story of his daughter Julia and how she is the inspiration for the last chapter of the book “Quest for Cookies.” Jeff also shares his Letters to Julia and his own personal advocacy for disabled individuals. To order Jeff Katz’s book Elevate &...

info_outline
Unpacking Social Security & Government Pensions show art Unpacking Social Security & Government Pensions

Something More with Chris Boyd

Unpacking Social Security & Government Pensions – Chris Boyd, Jeff Perry and Russ Ball explore the often-incorrect assumptions people have related to social security and government pensions. Russ opens the segment with one of those common assumptions with a question to Jeff who outlines the interplay of the two sources of retirement income. Chris shifts to the topic of how many retirees struggle with the transition of accumulating assets to spending them. The group has an in-depth conversation as to why a comprehensive financial plan can be an asset to managing the financial and...

info_outline
Bulls, Bears, and Pigs show art Bulls, Bears, and Pigs

Something More with Chris Boyd

Bulls, Bears, and Pigs – After two years of strong market gains, many investors are wondering if a decline in stock prices is on the horizon. Chris Boyd, Jeff Perry and Russ Ball discuss market history and what constitutes normal market behavior. Jeff shares a personal financial move he recently made and reminds listeners of the old saying that “Bulls make money, Bears can make money, and Pigs get slaughtered.” Chris shares his guidance on having the proper allocations considering your risk tolerance. The trio also discusses a pension question and how other issues like health insurance...

info_outline
Beware of Frauds and Scams show art Beware of Frauds and Scams

Something More with Chris Boyd

Beware of Frauds and Scams – Chris Boyd and Jeff Perry focus this episode with an update on recent methods that criminals are using to steal your funds and your identity.  Chris and Jeff begin by discussing the growing use of Artificial Intelligence (AI) to trick victims into providing personal information.  Other topics covered are spoofing, phishing, and customer service fakes.  The conversation turns to methods to safeguard against becoming an identity theft victim, including credit freezes, requesting fraud alerts, enrolling in multifactor authentication, and checking your...

info_outline
 
More Episodes

Critical Financial Steps to Take Before You Retire – Chris Boyd and Jeff Perry discuss
a list of items that should be considered before you retire. On the top of the list is
figuring out what role working part-time will play after you retire from your fulltime
work. The conversation turns to Social Security planning and how it fits into the overall
retirement income puzzle. Jeff warns listeners of the impact of failing to plan for future
inflation. Chris shares his thoughts why it is so critical to identify your own retirement
income style before you retire and suggests that people should practice spending in the
context of your retirement budget. The last step people should take as they are
approaching retirement is to start structuring their portfolio for retirement. Chris
summarizes why all these items are critical to a successful financial plan. Please see
below links to two related articles reference in this podcast.
For more information or to reach Chris Boyd or Jeff Perry, click the below link:
https://www.wealthenhancement.com/s/advisor-teams/amr


https://www.morningstar.com/retirement/5-critical-financial-steps-take-before-you-retire


https://www.gobankingrates.com/retirement/planning/ways-retirees-can-be-better-
prepared-when-inflation-skyrockets/