The Red Zone Retirement Program
In football, the Red Zone is where a team has to make small adjustments to ensure victory. As you approach retirement, you also need to make small adjustments to ensure success. Join John Mears of Mears Money Management each episode as he helps you understand the most important strategies that will help lead you to financial and retirement success. John has more than 20 years of experience providing comprehensive planning services to families throughout the Santa Clarita, California area. On this show, he'll breakdown the essential facets of tax planning, investing, retirement concerns, and much more. If you have a 401(k), IRA, Roth, pension or any other type of retirement account or savings vehicle then this is the show for you. Understand your savings and have some fun along the way with John Mears! Contact John at http://mearsmoney.com or by calling 661-775-3704.
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Mailbag: Volatility, Rebalancing, and Buying the Dip
04/24/2025
Mailbag: Volatility, Rebalancing, and Buying the Dip
Retirement planning isn’t that different from calling plays on game day. When the market’s throwing curveballs and the scoreboard doesn’t look great, you don’t panic…but you should adjust. In this mailbag edition, John answers listener questions about navigating market volatility with a level head. Whether it’s rebalancing in a down market, knowing when to “buy the dip,” or understanding what diversification actually looks like when everything feels like it’s dropping, we will break down how you can call the right plays in volatile markets. You’ll also hear why knowing your portfolio’s standard deviation helps you stay cool under pressure, how dollar-cost averaging can ease anxiety when reinvesting cash, and why diversification isn’t dead. If you’ve found yourself checking your accounts too often lately, let’s take a step back, zoom out, and re-center your strategy. Here’s some of what we discuss in this episode: 📉 Rebalancing during downturns 📊 Standard deviation: know your number 🔁 Dollar-cost averaging into a volatile market 🧠 Why fundamentals still win the game Get in touch: Phone: 661-775-3704 Book an appointment with us: Get in touch with us: Watch the Podcast on YouTube: Check out John’s FREE Books:
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What Should You ACTUALLY Do When The Market Drops?
04/07/2025
What Should You ACTUALLY Do When The Market Drops?
What should you actually do when the market drops? In this episode, John breaks down the recent market volatility and offers a steady voice amid the noise. With headlines warning of global uncertainty and investors feeling the heat, John shares why emotional reactions can lead to long-term regrets and what smart investors should do instead. Drawing on years of experience, John explains why downturns are expected (one in every four years!), the power of rebalancing, and how diversified portfolios are built for all seasons. He also discusses the importance of written income strategies and risk guardrails to help you ride out the storm with clarity and confidence. If market swings have you second-guessing your plan, this conversation will bring perspective, peace of mind, and actionable strategies to keep your retirement goals on track. Here’s some of what we discuss in this episode: 📉 Why market drops are normal- and expected 💼 How diversification and rebalancing can help you ⚠️ Unhelpful behaviors to avoid during downturns 🧠 The psychology of investing under pressure 🛡️ Why written plans and guardrails matter Tariffs Episode: Get in touch: Phone: 661-775-3704 Book an appointment with us: Get in touch with us: Watch the Podcast on YouTube: Check out John’s FREE Books:
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Key 2025 Tax Breaks & Adjustment Opportunities
03/27/2025
Key 2025 Tax Breaks & Adjustment Opportunities
Tax season is here, but filing your 2024 return is just one piece of the puzzle. Now is also the perfect time to take advantage of new tax rules for 2025—before the year gets away from you. In this episode, we’ll break down the key changes and how you can start planning now to make the most of them. With higher standard deductions, increased retirement contribution limits, and updated HSA rules, there are plenty of opportunities to lower your tax bill and boost your savings. We’ll also highlight the risks of DIY tax filing, the hidden costs of getting it wrong, and when it’s worth working with a qualified pro. Here’s some of what we discuss in this episode: 📈 Standard deduction changes—why it matters more than you think 💰 401(k) contribution bumps (including the strange 60–63 catch-up) 💸 The mega backdoor Roth strategy for high earners 🧾 HSA hacks—how to reimburse past medical expenses years later Get in touch: Phone: 661-775-3704 Book an appointment with us: Get in touch with us: Watch the Podcast on YouTube:
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Bracket Busters and Stock Flops: The Risky Game of Picking Winners
03/13/2025
Bracket Busters and Stock Flops: The Risky Game of Picking Winners
We’re ready for the return of March Madness and the craziness that will unfold over the next three weeks. We can’t give you any tournament picks, but we can take a look at what it teaches us about financial planning. In this episode, we’re going to look at the surprising parallels between bracket busting and investing—and why trying to pick stocks can feel a lot like picking the perfect tournament winner. With a 1 in 120.2 billion chance of filling out a perfect bracket, it’s no surprise that stock picking success is just as difficult. We’ll discuss why most people chase the wrong investments, why emotions cloud judgment, and how building a balanced, diversified portfolio is the smartest strategy—just like owning the whole bracket instead of betting on a single team. Plus, we’re going to touch on market trends, investment myths, and why sustainable success in retirement requires discipline—not luck. Before you settle in for a long day of basketball, let’s have a little fun first. Here’s what we discuss in this episode: 0:00 – Intro 1:45 – Most lost money 4:10 – Sustained success is unrealistic 7:20 – Picking favorites 9:20 – Strategies 11:19 – Final thoughts Get in touch: Phone: 661-775-3704 Book an appointment with us: Get in touch with us: Watch the Podcast on YouTube:
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Presidential Wisdom For Your Retirement Plan
02/27/2025
Presidential Wisdom For Your Retirement Plan
Presidents aren’t just leaders of a nation. They’re decision-makers who navigate uncertainty, make tough calls, and plan for the future. Today, we’re looking at how the leadership lessons of some of America’s greatest presidents can help you build a smarter, more secure retirement plan. In the spirit of President’s Day, Join John and his co-host as they discuss presidential quotes and the lessons they can teach us about patience, adaptability, and long-term planning in the face of uncertainty. From George Washington's discipline to Franklin D. Roosevelt's strategic vision, discover how these traits can guide your financial journey. Here’s what we discuss in this episode: 0:00 – Intro 1:20 – George Washington - patience & discipline 6:06 – Lincoln – adaptability & resilience 10:10 – FDR – strategic vision in crisis 15:20 – Eisenhower – preparation & contingency planning Get in touch: Phone: 661-775-3704 Book an appointment with us: Get in touch with us: Watch the Podcast on YouTube:
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What Do Proposed Tariffs Mean For Your Portfolio?
02/13/2025
What Do Proposed Tariffs Mean For Your Portfolio?
The day President Trump took office, he announced plans to implement a 25 percent tariff on goods from Mexico and Canada. Additional tariff conversations have exploded since that day. How might this impact your personal finances and the economy? Today, we’ll explain a bit of the - what they are, why governments impose them, and the historical content of them. We’ll also break down these that have been introduced, their potential impact on everyday people, and what you can do to navigate this shifting financial landscape. Here’s some of what we discuss in this episode: 0:00 – Intro 1:26 – Tariffs and their historical context 3:52 – Impact of tariffs on trade and manufacturing 9:13 – Tariffs' effects on consumers 12:57 – Having a diverse and resilient portfolio Resources for this episode: Wolf Street Article Get in touch: Phone: 661-775-3704 Book an appointment with us: Get in touch with us: Watch the Podcast on YouTube:
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Social Security Claiming Tips for Unique Situations
01/30/2025
Social Security Claiming Tips for Unique Situations
Social Security claiming strategies can vary greatly depending on family dynamics. This episode explores how different family situations, such as those with a stay-at-home spouse or a blended family, can impact when and how to claim Social Security benefits to maximize your retirement income. Discover how small adjustments can lead to successful retirement planning, and learn about the newly passed Social Security Fairness Act. Explore strategies for single and dual-income households, blended families, and special considerations for those with disabilities. Social Security should not be viewed in isolation but as part of a holistic retirement strategy that includes investments, tax planning, and more. With the recent changes brought by the Social Security Fairness Act, it's more important than ever to stay informed. Here’s what we discuss in this episode: 0:00 – Intro 2:25 – Social Security Fairness Act 5:42 – Single income households 8:11 – Dual income households 12:11 – Special considerations for blended families 15:06 – Why you need a Social Security plan going in 16:55 – SSDI vs. SSI 21:19 – Let your advisor know your life circumstances, it matters Get in touch: Phone: 661-775-3704 Book an appointment with us: Get in touch with us: Watch the Podcast on YouTube:
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How To Change Your Money Attitude In 2025
01/16/2025
How To Change Your Money Attitude In 2025
As we kick off 2025, a lot of people consider what they want the year to look like and how to put their best foot forward, especially financially. Think: “new year, new me!” To figure out what the new “you” is all about, sometimes it helps to reflect first on what you’ve done in the past and what you want to change moving forward. Today, we’ll talk about the financial decisions and habits you’ve maybe had in the past and what changes you can make this year to embrace the new you. From overspending to understanding your net worth, John provides insights and real-life examples to help you rethink your financial strategies. Whether you're struggling with spending habits or unsure of your investments, this episode will help you change your money mindset in a positive way this year. Here’s some of what we discuss in this episode: 0:00 – Intro 1:57 – Overspending 6:49 – Reluctance to spend in retirement 10:05 – Take inventory of your portfolio 14:45 – Staying invested 20:24 – Planning Get in touch: Phone: 661-775-3704 Book an appointment with us: Get in touch with us: Watch the Podcast on YouTube:
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The Art of Rebalancing
12/26/2024
The Art of Rebalancing
Do you rebalance at the end of the year, beginning of the new year, or when something happens in life? Rebalancing is an artform of sorts, and it’s a crucial part of maintaining your financial health as you approach retirement. Let’s explore this concept and why it’s often more complex than you’d expect. John will describe how periodic adjustments—whether calendar-based, threshold-based, or triggered by life events—help maintain desired risk levels and asset allocation. Rebalancing isn't about market timing but sticking to a disciplined approach, especially in volatile markets. Learn how to buy low, sell high, and keep your investments on track to ensure long-term financial health and a secure retirement. Here’s what we discuss in this episode: 0:00 – Intro 3:53 – What is rebalancing? 5:57 – Calendar based rebalancing 8:43 – Threshold based rebalancing 11:23 – Rebalancing after life events 12:47 – Rebalancing due to market conditions Get in touch: Phone: 661-775-3704 Book an appointment with us: Get in touch with us: Watch the Podcast on YouTube:
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Most Americans Are Forced to Retire Early - Are You Ready?
12/12/2024
Most Americans Are Forced to Retire Early - Are You Ready?
Did you know most Americans retire earlier than planned, often due to unexpected health issues, job changes, or financial surprises? These challenges can force people out of work early, leaving them unprepared for decades of retirement. In this episode, we’ll explore recent research highlighting the importance of planning for early retirement, even if it’s not in your current plans. Discover how unexpected health issues, job loss, and organizational changes can force early retirement and learn about the small adjustments you can make to ensure a successful transition. Tune in for practical advice on managing your retirement strategy, including Social Security and healthcare considerations, and hear real-life case studies that highlight the importance of adaptability. Here’s some of what we discuss in this episode: 0:00 – Intro 1:16 – Retirement stats 2:40 – Most aren’t prepared 4:03 – Client story 6:59 – Biggest factors 10:00 – How to prepare 16:15 – Retirement happiness Get in touch: Phone: 661-775-3704 Book an appointment with us: Get in touch with us: Watch the Podcast on YouTube:
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Unlock Your Potential by Working With A Professional
11/26/2024
Unlock Your Potential by Working With A Professional
Unlocking your financial potential and ensuring a successful retirement is not something that happens overnight. It requires strategic planning, expert guidance, and a keen understanding of the financial landscape. In this episode, John shares his journey and insights into the world of retirement planning. Our mission is driven by a desire to provide unbiased, client-centered advice—a rarity in an industry often dominated by commission-based motives. As we’ll explain today, the role of a fiduciary is to act in the best interest of the client, even if it means personal sacrifice. This commitment to integrity is what sets us apart and underscores the importance of choosing the right advisor for your retirement journey. Here’s some of what we discuss in this episode: 0:00 – Intro 1:28 – What got John into financial planning? 4:58 – The role of taxes 7:00 – The referral process 11:44 – What’s next after the plan? 14:03 – The biggest hurdle is often the mindset shift 17:16 – The many hats of financial advisors Get in touch: Phone: 661-775-3704 Book an appointment with us: Get in touch with us: Watch the Podcast on YouTube:
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Mailbag: Inherited IRAs and 401k Investing
11/14/2024
Mailbag: Inherited IRAs and 401k Investing
It’s a mailbag edition of the show this week as we’ll tackle questions about inherited IRAs and investing in 401k. Plus, John’s football season as a head coach has come to an end and it taught him a valuable lesson about diversification. We appreciate all the recent visitors to our channel and the feedback they’ve provided, which is why we wanted to take some time to answer the questions that you’ve asked us. So we’ll talk about the nuances of inherited IRAs and provide some guidance for beneficiaries. Then we’ll get into 401k contributions and tax strategies to help you better understand when to take full advantage of this retirement account and when to start scaling back. Tune in to learn how to approach your retirement planning with the precision and strategy of a championship-winning team. Here’s some of what we discuss in this episode: 0:00 – Intro 1:12 – Football lesson on diversification 4:09 – What to do with an inherited IRA? 7:54 – Should I stop putting money into the 401k? 12:07 – Final thoughts Get in touch: Phone: 661-775-3704 Book an appointment with us: Get in touch with us: Watch the Podcast on YouTube:
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Could Big Changes Be Coming To Social Security?
10/24/2024
Could Big Changes Be Coming To Social Security?
Social Security is the backbone of retirement for millions of Americans, but big changes may be coming. There’s plenty of speculation about what actions the government will take to extend the life of the program, but now we have a few more specifics of what it could potentially look like. Here’s some of what we discuss in this episode: 0:00 – Intro 2:31 – The question asked to the Congressional Budget Office 5:39 – David Walker 7:32 – Early retirement 9:25 – CBO proposal would only put a dent into the math problem 13:17 – Raising the wage base 15:01 – Planning for change 18:26 – Two-minute drill Get in touch: Phone: 661-775-3704 Book an appointment with us: Get in touch with us: Watch the Podcast on YouTube:
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Kim Kardashian’s Advice Could Save Your Retirement: Unlikely Financial Wisdom
10/10/2024
Kim Kardashian’s Advice Could Save Your Retirement: Unlikely Financial Wisdom
You wouldn’t necessarily expect Mike Tyson, Kim Kardashian, and Snooki to dispense valuable insights about financial planning matters. In fact, you’d probably expect the opposite. But with a little bit of creativity, we can get some financial planning pearls of wisdom from even the most unlikely of sources. Join John as he breaks down some quotes from some of the most recognizable celebrities and uncovers how these well-known sayings can actually relate to financial planning. From reality stars to successful athletes, we’ll have a little fun on today’s show. Tune in as we break it all down and see what we can learn! Here’s some of what we discuss in this episode: 0:00 – Intro 2:25 – Lindsay Lohan 4:49 - Snooki 7:42 – Charles Barkley 11:05 – Mike Tyson 14:03 – Shaquille O’Neal Get in touch: Phone: 661-775-3704 Book an appointment with us: Get in touch with us: Watch the Podcast on YouTube:
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5 Common Regrets Retirees Have in Their 70s
09/26/2024
5 Common Regrets Retirees Have in Their 70s
A video with the simple premise of exploring five regrets from retirees blew up to more than a half-million views on YouTube, and it doesn’t surprise us that people are worried about being ready for retirement. It’s actually great to see that much interest in avoiding mistakes in retirement. Let’s dive into the video and see what regrets made the list and, more importantly, explore what proactive steps you can take to avoid having the same regrets when you retire. John will share his insights on each of these and provide personal anecdotes about what he’s seen from clients. Discover stories of financial planning, health maintenance, and the importance of hobbies to ensure a fulfilling retirement (like a 95-year-old client who is still in a weekly bowling league!) Here’s some of what we discuss in this episode: 0:00 – Intro 3:00 – Wishing they had retired earlier 7:48 – Wishing they spent more earlier in retirement 9:56 – Wishing they had taken better care of their health 13:18 – Wishing they had taken up a hobby 15:38 – Wishing they had traveled more 17:34 – Mailbag Get in touch: Phone: 661-775-3704 Book an appointment with us: Get in touch with us: Watch the Podcast on YouTube:
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The Magic 8 Ball’s Guide to Retirement Planning
09/12/2024
The Magic 8 Ball’s Guide to Retirement Planning
Remember the thrill of shaking a Magic 8 Ball to get answers to your childhood questions? Would we ace that math test? Would we be famous someday? Well, today, we're bringing a bit of that magic back. But instead of asking about pop quizzes and playground crushes, we’re turning to the Magic 8 Ball for advice on something much more important: your retirement planning! What would the Magic 8 Ball have to say about these common retirement questions if it had the wisdom of a financial advisor? Tune in to find out! Here’s some of what we discuss in this episode: 0:00 – Intro 1:57 – Is a million dollars enough to retire? 5:27 – Can I rely on Social Security? 7:52 – Is it wise to have multiple sources of retirement income? 9:21 – Should I review my retirement plan annually? 10:59 – Will my retirement be affected by future tax changes? 12:58 – Should I consider working with a financial professional? Home Equity Conversion Mortgage episode Get in touch: Phone: 661-775-3704 Book an appointment with us: Get in touch with us: Watch the Podcast on YouTube:
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Your Guide To Medicare’s Open Enrollment Period
08/29/2024
Your Guide To Medicare’s Open Enrollment Period
The Medicare Open Enrollment Period will be here before we know it! But what does this mean for you? How does the process work, and who should be paying close attention? In this episode, we’ll break down everything you need to know about navigating this crucial period. Open enrollment, running from October 15 to December 7, allows those already enrolled in Medicare to make changes. Whether you're considering switching plans, adjusting your prescription drug coverage, or simply reviewing your current plan, understanding the ins and outs of open enrollment is vital. Join John as he shares invaluable insights on how to navigate the complexities of Medicare and make informed decisions during the open enrollment period. By understanding your options, avoiding penalties, and seeking professional guidance, you can ensure a smooth transition and secure the best possible plan for your needs. Here’s some of what we discuss in this episode: 0:00 – Intro 1:48 – Key open enrollment dates 4:22 – Finding assistance to answer your Medicare questions 7:16 – Things to consider when shopping through open enrollment 8:50 – What to do if you miss open enrollment 11:07 – Inflation Reduction Act 12:22 – Planning ahead 13:42 – Mailbag Get in touch: Phone: 661-775-3704 Book an appointment with us: Get in touch with us: Watch the Podcast on YouTube:
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The ‘How Do You Know?’ Questions in Retirement Planning
08/15/2024
The ‘How Do You Know?’ Questions in Retirement Planning
Remember when you were a kid, always asking 'How do you know?' about everything, like why the sky is blue or where the sun goes at night? That curiosity doesn't go away as we get older; it just turns into different questions, like the ones we face when planning for retirement. Today, we’re digging into the 'How Do You Knows' of retirement planning. This is a topic we care a lot about because John is always encouraging his children to be curious. It’s important to foster that sense of curiosity in our kids as well as our clients as well. We encourage questions and would rather you ask them than to just wonder what the answer might be. Here’s some of what we discuss in this episode: 0:00 – Intro 2:02 – How much income will you need? 6:09 – How much risk do we need to have? 11:34 – How long do we need our savings to last? 14:06 – When to turn on Social Security 17:26 – Listener question Book an appointment with us: https://mearsmoneymanagement.as.me/schedule.php Get in touch with us: https://mearsmoney.com/ Watch the Podcast on YouTube: https://bit.ly/3PmcOPM
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What the Heck is a HECM?
07/25/2024
What the Heck is a HECM?
What is a Home Equity Conversion Mortgage for Purchase? This financial tool, often referred to as a reverse mortgage, is designed to help you leverage the equity in your home to enhance your retirement strategy. Today’s episode is all about HECMs, and John will break down how they work and when they might be worth considering. So, what exactly is a HECM? Simply put, it's a mortgage you don't have to pay back during your lifetime. Instead of making monthly mortgage payments, the loan is repaid when you sell the home or pass away. This can be a game-changer for retirees looking to improve their cash flow and preserve their savings. Join John to have all your questions about HECMs answered, and find out how you might use them in your retirement plan. Here’s some of what we discuss in this episode: 0:00 – Intro 1:22 – What is a HECM? 5:57 – Appraisals 7:25 - HECM in retirement planning 9:10 – Downsides 11:30 – Long-term care 13:37 - Mailbag Get in touch: Phone: 661-775-3704 Book an appointment with us: Get in touch with us: Watch the Podcast on YouTube:
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College Financial Planning Insights For Grandparents
07/11/2024
College Financial Planning Insights For Grandparents
Paying for college has become increasingly harder with rising costs. Starting early for your child's or grandchild's education can make a big difference and reduce the need for excessive borrowing later. In this episode, we’ll cover the key aspects of college financial planning from the grandparent perspective. Join us as we discuss saving strategies, the importance of starting early, and answer your pressing questions. From 529 plans to Coverdell IRAs, and even gifting appreciated stock, John breaks down various strategies and their tax implications. With the right strategies, you can make a significant impact on your grandchildren's future without jeopardizing your own financial security. Here’s some of what we discuss in this episode: 0:00 – Intro 2:15 – Average annual tuition and fees 3:28 – First steps 6:50 – 529 plan 8:00 – Tax implications 11:09 – Helping multiple grandchildren 15:40 – Coverdell IRA 16:52 – What if it’s not used for college 19:00 – Roth as a college tool Get in touch: Phone: 661-775-3704 Book an appointment with us: Get in touch with us: Watch the Podcast on YouTube:
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Retirement Travel Planning Tips & Strategies
06/27/2024
Retirement Travel Planning Tips & Strategies
One of the more exciting parts of the retirement planning process is dreaming about the lifestyle you want to enjoy. For many retirees, travel is a big part of that vision. However, budgeting for trips in retirement isn't quite the same as when you're working and can count on regular paychecks to replenish your bank account. So, how do we factor in your dream vacations when crafting a retirement plan? We’ll “pack” all that great information into this episode and even share a few tips for making the most of your travel budget! Whether you are looking to visit children, grandchildren, or embark on a global adventure, join John as he guides you through some of what you should be looking out for as you plan it all. Here’s some of what we discuss in this episode: 0:00 – Intro 1:50 – Start the conversation early 4:00 – Making the actual plans 5:40 – Saving for travel plans 8:00 – Accounting for extra travel expenses 11:27 – Considering additional travel insurance 17:05 – Mailbag Get in touch: Phone: 661-775-3704 Book an appointment with us: Get in touch with us: Watch the Podcast on YouTube:
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Yogi-isms: Retirement Wisdom from Yogi Berra
06/13/2024
Yogi-isms: Retirement Wisdom from Yogi Berra
Former New York Yankees great Yogi Berra might be better known for what he said rather than how he played, and these humorous yet insightful "Yogi-isms" have stood the test of time. But did you know that these sayings can also offer valuable lessons for retirement planning? Here’s what we discuss in this episode: 0:00 – Intro 2:30 – A nickel ain’t worth a dime anymore 4:10 – If you don’t know where you’re going, you might end up someplace else 6:10 – When you come to a fork in the road, take it 9:48 – The future ain’t what it used to be 13:40 – It’s like déjà vu all over again 17:00 – Mailbag Get in touch: Phone: 661-775-3704 Book an appointment with us: Get in touch with us: Watch the Podcast on YouTube:
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Long-Term Care and Life Insurance: The Basics You Must Know
05/30/2024
Long-Term Care and Life Insurance: The Basics You Must Know
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 back to walk you through the fundamentals in this two-part episode, as we chat about long-term care insurance and life insurance in part 2. At the end of the episode, John answers a question from a listener, Travis, who asks if he should use a forthcoming settlement from a medical malpractice lawsuit to pay off existing credit card debt or invest it instead. Here’s some of what we discuss in this episode: 0:00 – Intro 1:24 – The reality of long-term care 3:01 – The “why” behind long-term care insurance 7:38 – Lessening the burden on your loved ones 13:27 – Do you need life insurance in retirement? 17:37 – Listener question Get in touch: Phone: 661-775-3704 Book an appointment with us: Get in touch with us: Watch the Podcast on YouTube:
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Retiree Health Insurance: The Basics You Must Know
05/16/2024
Retiree Health Insurance: The Basics You Must Know
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 know about retiree health insurance in part one, breaking down the ins and outs of Medicare, Medigap, and Medicare Advantage plans! Then, at the end of the episode, John answers a listener's question about whether or not to roll over an old 401k due to its recent strong performance. Here’s some of what we discuss in this episode: 0:00 – Intro 2:01 – Thinking about the transition 3:39 – Getting ready for Medicare 7:49 – Medigap vs Medicare Advantage plans 11:25 – How common is supplemental coverage? 14:24 – Listener question Get in touch: Phone: 661-775-3704 Book an appointment with us: Get in touch with us: Watch the Podcast on YouTube:
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Steering Clear of Retirement Stress
04/25/2024
Steering Clear of Retirement Stress
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 your identity, and stepping away from it can feel disorienting. Tune in as we share a few tips for embracing this new phase of life with confidence, and remind you that a comprehensive plan should consider more than just numbers. Here’s some of what we discuss in this episode: 0:00 – Intro 1:47 – The lifestyle change 5:42 – Embracing new challenges 6:53 – Keeping your options open 9:56 – Keeping your sense of perspective 12:30 – Finding a good advisor 15:10 – Listener Question Get in touch: Phone: 661-775-3704 Book an appointment with us: Get in touch with us: Watch the Podcast on YouTube:
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Expectation vs. Reality: The Truth About Retirement Planning
04/11/2024
Expectation vs. Reality: The Truth About Retirement Planning
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 robust enough to handle them. The episode isn't all about cautionary tales, though. John encourages listeners to dream and share their retirement goals with their financial advisors. Whether it's a second home or a kitchen remodel, he believes in finding ways to make these dreams a reality, (within reason, of course). For this week’s two-minute warning, Wendy asks if her investment in American Funds was the right move. Here’s some of what we discuss in this episode: 0:00 – Intro 1:34 – Manage your expectations 4:04 – Account for changing expenses 5:30 – Be ready to adjust 7:31 – Do be too proud to get help 10:59 – Sharing your dreams with your advisor 12:33 – Listener Question Get in touch: Phone: 661-775-3704 Book an appointment with us: Get in touch with us: Watch the Podcast on YouTube:
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How Is Technology Redefining Retirement Planning?
03/28/2024
How Is Technology Redefining Retirement Planning?
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 more. Then, for our two-minute warning, John answers a listener's question about whether or not to take out a life insurance policy. Here’s some of what we discuss in this episode: 0:00 – Intro 1:34 – Google is great, but consider the context 3:44 – Robo-advisors can be helpful, but may not provide comprehensive planning 5:58 – Online calculators are only as accurate as the information inputted into them 8:23 – The limitations of do-it-yourself trading platforms 11:18 – The rise of financial social media influencers 15:15 – Listener question about life insurance Get in touch: Phone: 661-775-3704 Book an appointment with us: Get in touch with us: Watch the Podcast on YouTube:
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Finance Fortress: Practical Strategies for Retirees Against Scams & Fraud
03/14/2024
Finance Fortress: Practical Strategies for Retirees Against Scams & Fraud
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 episode, where John answers a listener question from Tess, who asks if she should take out a life insurance policy on her soon-to-be ex-husband. Here’s some of what we discuss in this episode: 0:00 – Intro 5:00 – Phishing, vishing, and smishing 8:36 – Government imposters 10:17 – Family and personalized scams 12:31 – How to better recognize the signs of a scam 15:52 – Protections you can put in place to avoid being scammed 20:31 – Listener question about life insurance Thomson Reuters Article: Get in touch: Phone: 661-775-3704 Book an appointment with us: Get in touch with us: Watch the Podcast on YouTube:
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Working With Client Idiosyncrasies
03/07/2024
Working With Client Idiosyncrasies
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 same page and moving toward a shared financial goal. Tune in as he shares client stories and recounts how he has successfully worked with various personalities and learning styles throughout his career. For this week’s two-minute warning, John offers advice to a listener struggling with indecision about selling tech stocks and navigating risk in their 401(k). Here’s some of what we discuss in this episode: 0:00 – Intro 2:07 – Clients that hesitate to use technology 4:59 – Those who want to take the engine apart 6:55 – Adapting to different learning styles 9:41 – Clients who let politics drive the car 12:53 – Listener question Get in touch: Phone: 661-775-3704 Book an appointment with us: Get in touch with us: Watch the Podcast on YouTube:
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How One Overlooked Issue Can Sink Your Retirement
02/15/2024
How One Overlooked Issue Can Sink Your Retirement
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 take time off work due to a new grandbaby's extended hospital stay. Here’s some of what we discuss in this episode: 0:00 – Intro 1:57 – Outliving your money 4:10 – Inflation creep 9:00 – Healthcare expenses 11:39 – The stock market 15:00 – Rising taxes 19:26 – Listener question Get in touch: Phone: 661-775-3704 Book an appointment with us: Get in touch with us: Watch the Podcast on YouTube:
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