Retiree Health Insurance: The Basics You Must Know
The Red Zone Retirement Program
While you dream about the leisurely days ahead of you in retirement, it’s also important to think about some of the less glamorous items, including insurance. In this new season of life, your old policies may no longer suit your needs or may come to an end. So, what types of coverage should you be considering for your golden years? What do you need to keep in mind as you prep for the transition? We’re going to walk you through the fundamentals in this two-part episode, covering health insurance, long-term care insurance, life insurance, and more. Stay tuned as we cover the basics you must...
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Steering Clear of Retirement Stress
The Red Zone Retirement Program
Retirement is often portrayed as a time when worries and stress fade away. However, psychologists have determined that retirement is one of the most stressful events that some people will experience in life. In this episode, we’ll look at some ways to proactively deal with the stress surrounding the retirement process. While we like to talk about numbers around here (as it’s a very important part of the planning process), it's equally essential to address the psychological aspects of this transition. As John has observed with clients, your job likely played a significant role in shaping...
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Expectation vs. Reality: The Truth About Retirement Planning
The Red Zone Retirement Program
Some people just need a reality check when it comes to understanding their retirement. Today, we'll explore why a realistic approach to retirement, inclusive of financial planning and the potential for unexpected challenges, is crucial. The episode kicks off with a candid conversation about the misconceptions of retirement life. The ads make it look easy, but John reminds us that even in retirement, the lawn still needs mowing, and the trash won't take itself out. This isn't to dampen your spirits, but rather to prepare you for the realities that await and to ensure your retirement plan is...
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How Is Technology Redefining Retirement Planning?
The Red Zone Retirement Program
In today’s episode, we’re unpacking the toolbox of innovations that promise to redefine the way we approach financial preparation for retirement. From personal finance management software to the abundance of online calculators, there's no shortage of tools aiming to streamline the planning process. But, do they deliver? Listen in as John and Marc take a critical look at these technological advancements, exploring whether they simplify retirement planning or introduce new complexities. They’ll dive into subjects like Google, do-it-yourself trading platforms, social media influencing, and...
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Finance Fortress: Practical Strategies for Retirees Against Scams & Fraud
The Red Zone Retirement Program
As much as any other threat, recognizing and avoiding scams has become a necessary skill for today’s retirees to develop. From robocalls and texts to emails and websites trying to steal your data, scams are coming at us from all angles. Stay tuned as we explore crucial steps you can take to safeguard your financial well-being against the growing tide of scams and identity theft. Learn from real-life stories and gain practical advice to keep your finances secure in this digital era, all from the perspective of a seasoned financial professional. And be sure to stay tuned until the end of the...
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Working With Client Idiosyncrasies
The Red Zone Retirement Program
John often points out the numerous connections between coaching football and financial planning. Similar to the mix of personalities on a football team, a financial advisor needs to navigate a diverse set of clients, each bringing their unique quirks and learning styles to the table. Whether it's working with clients resistant to technology or those influenced by the ever-shifting political and economic landscape, John has accumulated years of experience guiding individuals toward a successful retirement. As an advisor, his role involves adapting to each person, ensuring everyone is on the...
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How One Overlooked Issue Can Sink Your Retirement
The Red Zone Retirement Program
Imagine your retirement plan as a ship sailing toward a horizon of rest and relaxation. But what if one leak could sink it all? In today’s episode, we spotlight some of the single oversights that could send your dreams to the bottom. We'll share key strategies to plug the gaps, ensuring your financial ship stays buoyant and on course. Tune in to protect your future from the one mistake that could derail everything. And don't forget to stick around for this week’s two-minute warning, where Dorothy asks for advice on financial gifting options to support their daughter, who needs to...
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Will the Economy Boom or Bust in 2024?
The Red Zone Retirement Program
Everyone wants to know. Will the economy boom or bust in 2024? Join us as we explore a range of expert predictions, from the shifting trends in housing prices to the looming question of a potential recession or stock market crash. We'll balance our discussion with both optimistic and pessimistic perspectives from an array of sources to give you a comprehensive view. Tune in to navigate the uncertainties and opportunities of 2024's economic landscape and equip yourself with knowledge for the year ahead. Here’s some of what we discuss in this episode: 0:00 – Intro 2:24 – Housing...
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2024’s Retirement Landscape: What You Need To Know
The Red Zone Retirement Program
We’re kicking off the New Year by discussing the financial challenges and changes that could impact your retirement in 2024. Listen in as we discuss potential interest rate cuts, inflation’s impact on borrowing costs, and this year’s COLA increase. We’ll also chat about the changes that are coming with the SECURE Act 2.0, the market outlook for 2024, and Medicare changes that you need to be aware of. Stay tuned as we discuss the importance of having a comprehensive financial plan as we navigate the uncertainties ahead. Here’s some of what we discuss in this episode: 0:00 –...
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Answering Your Questions: Taxes with Charitable Donations, Retiring with $500k, & More!
The Red Zone Retirement Program
This week on the Red Zone Retirement Program, John is answering some recent listener questions. We love doing episodes like this so that you can gain some valuable takeaways from real-life scenarios! Dan asks whether recent changes in tax laws have reduced the tax benefits of making charitable donations at the end of the year. Another listener asks where they should save money temporarily if they are not eligible for a 401K match until six months into their new job. John shares his thoughts on New Year’s resolutions for this week's two-minute warning. Here’s some of what we discuss in this...
info_outlineAre you confident that your financial plan is complete? Many people believe they have a solid plan in place, only to realize later that they've missed important areas. From not accounting for long-term care expenses to overlooking the impact of taxes on retirement income, there are many ways a financial plan can be incomplete. On this episode, we'll be pointing out the most common areas people overlook when planning and provide actionable tips to ensure that your plan is as comprehensive as possible.
Get in touch:
Website: http://mearsmoney.com/
Phone: 661-775-3704