Independence Wealth Podcast

Retirement isn’t one-size-fits-all. Join Eric Nelson on the Independence Wealth Podcast as he shares insights to help pre-retirees and retirees craft their unique path to happiness. Catch new episodes every 3rd Wednesday of the month!

Navigating Market Volatility: A Guide for Retirees 06/19/2025

Navigating Market Volatility: A Guide for Retirees 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 during turbulent times. takeaways Market volatility is a natural part of investing. Panic selling during downturns can lead to significant losses. Every US recession has historically been followed by a recovery. Staying invested is crucial for long-term success. The bucket strategy helps manage financial security during downturns. Having cash reserves can prevent forced selling during market dips. Timing the market is often unsuccessful; time in the market is key. Investors should focus on their financial plans, not market noise. Understanding your withdrawal strategy is essential for retirees. Communication with financial advisors is vital during market volatility. —- Contact: https://independence-wealth.com/contact-us/ Connect with Eric: LinkedIn: Website: https://independence-wealth.com Email: [email protected] /episode/index/show/smallbusinessfounders/id/36945330

Episode 6 - Supporting Your Adult Children Without Sacrificing Your Own Retirement 05/15/2025

Episode 6 - Supporting Your Adult Children Without Sacrificing Your Own Retirement 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 future. It's crucial to balance emotional support with financial independence. There are no loans for retirement, only for education. Set clear expectations when lending money to family. Consider offering non-monetary support like budgeting advice. Recognize warning signs of giving too much financial help. Discuss financial boundaries with your children early on. Protect your legacy by ensuring equitable support among siblings. Encourage children to build their own financial safety nets. The best gift is to not require financial support later. —- Contact: https://independence-wealth.com/contact-us/ Connect with Eric: LinkedIn: Website: https://independence-wealth.com Email: [email protected] /episode/index/show/smallbusinessfounders/id/36256095

Episode 5 - Retirement Income Strategies 04/16/2025

Episode 5 - Retirement Income Strategies 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 sustainable income from their portfolios. The guardrails approach offers more flexibility in withdrawals. Market fluctuations can significantly impact retirement income. The 4% rule is simple and easy to follow for DIYers. Guardrails require more professional assistance for effective management. Consider personal lifestyle goals when choosing a strategy. Adjusting withdrawals based on market performance can enhance income. It's essential to align strategies with risk tolerance and financial goals. Both strategies have their benefits and drawbacks. —- Contact: https://independence-wealth.com/contact-us/ Connect with Eric: LinkedIn: Website: https://independence-wealth.com Email: [email protected] /episode/index/show/smallbusinessfounders/id/36160365

Episode 4 - Timing Your Social Security 03/19/2025

Episode 4 - Timing Your Social Security 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 of personalized financial advice and accurate Social Security earnings records. —- Contact: https://independence-wealth.com/contact-us/ Connect with Eric: LinkedIn: https://www.linkedin.com/in/erictnelson/ Website: https://independence-wealth.com Email: [email protected] /episode/index/show/smallbusinessfounders/id/35505585

Episode 3 - Mastering Retirement Income: Strategies for a Secure Future 02/19/2025

Episode 3 - Mastering Retirement Income: Strategies for a Secure Future 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 consider in their retirement planning journey. Key Takeaways: Segment your expenses into needs, wants, and wishes. Understanding your expenses is crucial for retirement planning. Social Security can be delayed for increased benefits. Pensions should be evaluated for cash value options. A conservative investment strategy is essential for covering needs. The 4% rule is a guideline, not a strict rule. A guardrails approach allows for flexible withdrawals. Inflation can significantly impact retirement income. Diversifying your portfolio helps manage market risks. Working with a financial advisor can provide valuable guidance. —- Contact: https://independence-wealth.com/contact-us/ Connect with Eric: LinkedIn: https://www.linkedin.com/in/erictnelson/ Website: https://independence-wealth.com Email: [email protected] /episode/index/show/smallbusinessfounders/id/34877025

Episode 2 - Finding Purpose in Retirement 01/16/2025

Episode 2 - Finding Purpose in Retirement 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 crucial before retiring. Spending time with family, especially grandchildren, enhances satisfaction. Social connections are vital to avoid isolation in retirement. Financial planning should categorize needs, wants, and wishes. Needs are essential expenses that must be covered. Wants include lifestyle choices like dining out and travel. Wishes are aspirational goals that can be adjusted as needed. Creating a routine helps maintain mental and physical health. Purpose can be found in simple daily activities. Contact: https://independence-wealth.com/contact-us/ Connect with Eric: LinkedIn: Website: Email: [email protected] /episode/index/show/smallbusinessfounders/id/34876370

Episode 1 - Retirement Income Rules Explained (4% Rule, Guardrails, and More!) 11/20/2024

Episode 1 - Retirement Income Rules Explained (4% Rule, Guardrails, and More!) 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 and cons [5:00] Guyton-Clinger withdrawal guardrails: the ins and outs of this flexible approach [7:30] Risk-based guardrails: a personalized way to maximize retirement income [10:00] Comparing the 4% rule and risk-based guardrails - which is better for you? [12:00] Other important factors that impact your retirement income [13:30] Wrap-up and how to get in touch with the Independence Wealth team Contact: https://independence-wealth.com/contact-us/ Connect with Eric: LinkedIn: Website: https://independence-wealth.com Email: [email protected] /episode/index/show/smallbusinessfounders/id/33948287

Small Business Founders Podcast, S1, E7 07/28/2022

Small Business Founders Podcast, S1, E7 /episode/index/show/smallbusinessfounders/id/23888130

Small Business Founders Podcast, S1, E6 02/03/2022

Small Business Founders Podcast, S1, E6 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. /episode/index/show/smallbusinessfounders/id/22014152

Small Business Founders Podcast, S1, E5 01/18/2022

Small Business Founders Podcast, S1, E5 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. /episode/index/show/smallbusinessfounders/id/21811427

Small Business Founders Podcast, S1, E4 12/02/2021

Small Business Founders Podcast, S1, E4 On this episode of the Small Business Founders Podcast our guest Peter Mares, founder of Growth 1776 discusses how his company helps businesses increase their profit margins and reduce costs. /episode/index/show/smallbusinessfounders/id/21341222

Small Business Founders Podcast, S1, E3 10/28/2021

Small Business Founders Podcast, S1, E3 On this episode of the Small Business Founders Podcast your host, interviews , founder of , , , and discusses how business can thrive by using relationship marketing, personal branding, and how he helps businesses generate exceptional ROI. /episode/index/show/smallbusinessfounders/id/20959085

Small Business Founders Podcast, S1, E2 10/07/2021

Small Business Founders Podcast, S1, E2 On this episode of the Small Business Founders Podcast your host, interviews , founder of about the current environment of small and mid market companies M&A activity. /episode/index/show/smallbusinessfounders/id/20715974

Small Business Founders Podcast: S1, E1 10/04/2021

Small Business Founders Podcast: S1, E1 The Small Business Founders Podcast is an interview style podcast hosted by Eric Nelson, CFP®. Each episode will feature a small business owner or professional who helps support business owners on their journey to success. /episode/index/show/smallbusinessfounders/id/20675558

Independence Wealth Podcast

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