Navigating Market Volatility: A Guide for Retirees
Independence Wealth Podcast
In this episode of the Independence Wealth Podcast, Eric Nelson discusses the importance of understanding market volatility, especially for retirees. He emphasizes the emotional aspects of market downturns and provides strategies for navigating these challenges, including the significance of staying invested and avoiding panic selling. Eric introduces the bucket strategy as a method for financial security, ensuring that clients have adequate cash reserves to weather market fluctuations. He concludes by encouraging listeners to focus on their financial plans and ignore the noise from the media...
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Episode 6 - Supporting Your Adult Children Without Sacrificing Your Own Retirement
Independence Wealth Podcast
In this episode of the Independence Wealth Podcast, Eric Nelson discusses the delicate balance of providing financial support to adult children while ensuring one's own financial security and retirement readiness. He emphasizes the importance of setting boundaries, understanding the long-term implications of financial assistance, and encouraging financial independence among children. The conversation also touches on the emotional aspects of parental support and the potential risks of overextending oneself financially. Key Takeaways: Helping adult children can jeopardize your own financial...
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Episode 5 - Retirement Income Strategies
Independence Wealth Podcast
In this episode, Eric Nelson discusses retirement income strategies, focusing on the traditional 4% rule and the more dynamic guardrails approach. He explains the importance of having a sustainable withdrawal strategy and how each method can impact retirement income. The conversation emphasizes the need for flexibility in withdrawals based on market conditions and personal financial goals, encouraging listeners to consider which strategy aligns best with their individual circumstances. Key Takeaways The 4% rule is a widely accepted withdrawal strategy. It allows retirees to estimate...
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Episode 4 - Timing Your Social Security
Independence Wealth Podcast
Eric Nelson, a certified financial planner, discusses the importance of timing Social Security benefits, which can impact a retiree's lifetime income, taxes, and legacy planning. He explains the three key ages: 62 (earliest), 67 (full retirement age), and 70 (maximized benefits). Delaying benefits until 70 increases them by 8% annually, but early collection reduces benefits by 30%. Nelson emphasizes understanding cash flow needs, survivor benefits, and coordinating Social Security with other retirement income. He advises against paying back benefits once collected and stresses the importance...
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Episode 3 - Mastering Retirement Income: Strategies for a Secure Future
Independence Wealth Podcast
In this episode of the Independence Wealth Podcast, Eric Nelson discusses effective strategies for managing retirement income. He emphasizes the importance of understanding expenses categorized into needs, wants, and wishes, and highlights the significance of identifying reliable income sources such as Social Security and pensions. The conversation also covers withdrawal strategies, including the traditional 4% rule and a more flexible guardrails approach, while addressing the impact of inflation and market risks on retirement planning. Eric concludes with key takeaways for listeners to...
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Episode 2 - Finding Purpose in Retirement
Independence Wealth Podcast
In this episode of the Independence Wealth Podcast, Eric Nelson discusses the often-overlooked aspect of retirement: finding purpose and fulfillment. He emphasizes the importance of planning for how to fill time in retirement, exploring hobbies, and maintaining social connections. Eric also outlines a financial framework for retirement, categorizing expenses into needs, wants, and wishes, and stresses the significance of creating a fulfilling routine to enhance mental and physical well-being. Key Takeaways: Retirement is about finding purpose beyond work. Planning for hobbies and activities is...
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Episode 1 - Retirement Income Rules Explained (4% Rule, Guardrails, and More!)
Independence Wealth Podcast
Join Eric Nelson, CERTIFIED FINANCIAL PLANNER® and president of Independence Wealth, as he breaks down the most popular retirement income rules and strategies. We're talking 4% rule, Guyton-Clinger guardrails, risk-based guardrails, and more! Whether you're a DIY investor or working with a pro, this episode has the info you need to maximize your retirement income. Grab a pen and get ready to take some notes - this one's a must-listen! In this episode: [0:00] Introduction to the Independence Wealth Podcast and your host, Eric Nelson [1:22] The 4% rule: what it is, how it works, and its pros...
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Small Business Founders Podcast, S1, E7
Independence Wealth Podcast
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Small Business Founders Podcast, S1, E6
Independence Wealth Podcast
On this episode of the Small Business Founders Podcast our guest Frank Plum, President of Workplace HCM Inc. discusses how his company helps businesses manage the ever changing needs of companies human capital.
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Small Business Founders Podcast, S1, E5
Independence Wealth Podcast
On this episode of the Small Business Founders Podcast our guest Jeff Platt, Owner and CEO of Kokua Technologies discusses how his company helps businesses both large and small manage their technology needs.
info_outlineOn this episode of the Small Business Founders Podcast your host, Eric Nelson, CFP® interviews Mike Regina, founder of Big Sky Enterprises, LLC, Global Post Auditing Solutions, The Opposite Entrepreneur Podcast, and mikeregina.io discusses how business can thrive by using relationship marketing, personal branding, and how he helps businesses generate exceptional ROI.