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Ep 90: Advisors Do Different Things

Retire With Peace

Release Date: 04/09/2024

Ep 100: Highlights of Interviews from Previous 99 Episodes show art Ep 100: Highlights of Interviews from Previous 99 Episodes

Retire With Peace

This episode is a compilation of highlights from the previous 99 episodes. The interviews cover a wide range of topics including charitable giving, health and fitness, retirement planning, accounting for business sale, legacy interviews, fraud prevention, tax credits for donations, long-term care planning, and insurance coverage. The guests provide valuable insights and action items related to each topic. The episode concludes with a thank you to the guests and listeners, and an invitation for feedback. Takeaways Utilize donor advised funds for charitable giving and tax planning. Maintain...

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Ep 99: Principles, Not Perfection show art Ep 99: Principles, Not Perfection

Retire With Peace

In this episode, Dave Zaegel discusses the importance of following principles in retirement planning rather than striving for perfection. He emphasizes that there is no one-size-fits-all approach and that strategies should be tailored to individual circumstances. Examples include the decision to wait or not wait to take Social Security and the consideration of Roth IRA conversions based on income levels. Dave also highlights the significance of starting early and the flexibility to adapt strategies to fit personal financial plans.    Takeaways: Retirement planning should be based on...

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Ep 98: Yes, But ... show art Ep 98: Yes, But ...

Retire With Peace

In this episode, Dave Zaegel discusses the importance of retirement planning and how to mitigate the impacts of various uncertainties. He emphasizes the need to have a plan in place to handle tax planning and investment structure. Dave introduces the concept of retirement income guardrails or dynamic distribution rates, which allow retirees to withdraw more than the traditional 4% rule. He references a study that shows initial withdrawal rates of 5.2% to 5.6% are sustainable with a 99% confidence level for portfolios containing at least 65% equities. Dave concludes by encouraging listeners to...

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Ep 97: Fight Fewer Battles show art Ep 97: Fight Fewer Battles

Retire With Peace

Summary In this episode, Dave Zaegel discusses the importance of fighting fewer battles in order to retire with peace. He emphasizes the need to avoid getting caught up in every opinion and event happening in the world, and instead focus on what is truly important and within our control. This concept applies to retirement planning as well, where it is crucial to concentrate on what can be controlled and executed effectively. Dave provides examples of tax planning and investment strategies that can help individuals retire with peace by focusing on what they can control. Takeaways Avoid getting...

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Ep 96: Get Outside show art Ep 96: Get Outside

Retire With Peace

In this episode, Dave Zaegel discusses the importance of getting outdoors, and how this affects yoru physical health AND financial retirement. 

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Ep 95: Winners Win show art Ep 95: Winners Win

Retire With Peace

The theme of this episode is that winners win, using examples from sports teams and investments like Apple, Chipotle, Netflix, and Microsoft. The conversation emphasizes the importance of sticking with tried and true strategies and fundamentals, even in the face of temporary setbacks. It discusses the effectiveness of investment structures like individual bonds and 60-40 strategies, and highlights the need to focus on long-term goals and avoid abandoning what works. The key takeaway is to trust in winning strategies, investments, and people, and stay on track with proven methods.  ...

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Ep 94: The Most Valuable Parts of Retirement Planning show art Ep 94: The Most Valuable Parts of Retirement Planning

Retire With Peace

The most valuable parts of retirement planning are investment structure, tax planning, and providing comfort. Investment structure involves creating a framework for investments that considers how to generate income and maintain growth in retirement. Tax planning focuses on reducing taxes over the long term through strategies like Roth IRA conversions. Providing comfort involves addressing concerns and uncertainties about retirement through comprehensive planning. By focusing on these three aspects, individuals can retire with confidence. Takeaways Investment structure is more important than...

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Ep 93: It's Not Always About the Calculation show art Ep 93: It's Not Always About the Calculation

Retire With Peace

In this episode, Dave Zaegel emphasizes that retirement planning is not just about calculations and numbers, but also about implementation and the human element. He provides examples of situations where the recommended course of action may not align with what the client wants or feels comfortable with. Two examples he discusses are Roth IRA conversions and choosing between a lump sum or pension payout. Zaegel highlights the importance of taking action, even if it deviates from the ideal calculation, and adjusting the plan as needed. Takeaways Retirement planning is not solely about...

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Ep 92: Stock Market Drops - Big & Small show art Ep 92: Stock Market Drops - Big & Small

Retire With Peace

In this episode, Dave Zaegel discusses the different types of stock market drops and emphasizes the importance of distinguishing between major economic events and smaller corrections. He highlights that major events like the Great Depression or the dot com crash are infrequent and require significant adjustments, while smaller drops are more frequent and can be seen as opportunities. Dave also explains how smaller drops can be utilized for tax planning, such as Roth IRA conversions. Overall, he encourages listeners to shift their mindset and view stock market drops as chances to improve their...

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Ep 91: Monte Carlo at 100 Percent show art Ep 91: Monte Carlo at 100 Percent

Retire With Peace

In this episode, Dave Zaegel discusses the use of Monte Carlo simulations in retirement planning. He explains that while Monte Carlo simulations are mathematically useful, they may not be practically helpful when it comes to retirement planning. Dave emphasizes that achieving 100% certainty is not necessary or even desirable in retirement planning. He suggests focusing on dynamic adjustments and other strategies to ensure a successful retirement.   Takeaways: Monte Carlo simulations are overused and may not be practically helpful in retirement planning. Achieving 100% certainty is...

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More Episodes

In this episode, Dave Zaegel discusses the importance of finding the right financial planner for your needs. He highlights the fact that different financial advisors have different specialties and areas of expertise. He compares this to the medical field, where doctors have different specialties and refer patients to specialists as needed. Dave emphasizes the importance of understanding your preferences and researching different planners to find the right fit for your retirement planning needs. By finding a planner who aligns with your goals and preferences, you can retire with confidence.

Chapters

00:00 Different Financial Advisors Have Different Specialties
01:25 The Comparison to Doctors
03:18 Different Types of Planning Emphasis
04:15 Understanding Your Preferences
05:13 Researching and Identifying Your Needs
06:12 The Value of Specialties in Financial Planning