Retirement Planning Insights with guest Tom Hegna, CLU, ChFC, CASL: The Myths, Risks, and Solutions and How to Retire "Happy"
In this episode of the Retirement Planning Podcast, hosts Darrin McComas and Jason Fox welcome special guest Tom Hegna, a bestselling author and host of CNBC’s “Financial Freedom with Tom Hegna.” Tom discusses common misconceptions about retirement planning, emphasizing that it's not just about achieving a financial number but about ensuring increasing income and managing risks. He shares insights from his new show, sheds light on the importance of incorporating annuities and life insurance into retirement portfolios, and offers advice on minimizing taxes and preparing for long-term care. The episode underscores the invaluable role of financial professionals in crafting a secure retirement plan.
00:00 Introduction and Special Guest Announcement
00:40 Common Misconceptions About Retirement
02:21 The Reality of Retirement Spending
03:57 Insights from Financial Freedom Show
04:45 Protecting Wealth and Asset Protection Strategies
09:17 The 60/40 Portfolio Debate
12:55 Tax Considerations for Retirement
18:25 Longevity Risk and Annuities
22:01 Planning for Long-Term Care
23:49 Conclusion and Final Thoughts

Connect with Tom Hegna:

Website: https://tomhegna.com/

LinkedIn: https://www.linkedin.com/in/tomhegna/

Don't Worry, Retire Happy!: https://www.amazon.com/Worry-Retire-Retirement-Security-2014-05-03/dp/B01FKTJKOW

Book a FREE consultation call with Darrin McComas and we will ship you a copy of Tom Hegna's book, "Don't Worry, Retire Happy" absolutely free of charge. Click here to book your consultation call: https://www.ewadvisors.com/

Tom Hegna is not a client, nor should his appearance in this advertisement be construed as an endorsement of Darrin McComas, Jason Fox or Evergreen Wealth Advisors LLC.

The information and opinions contained are provided by third parties and have been obtained from sources believed to be reliable, but accuracy and completeness cannot be guaranteed. They are given for informational purposes only and are not a solicitation to buy or sell any of the products mentioned. The information is not intended to be used as the sole basis for financial decisions, nor should it be construed as advice designed to meet the needs of an individual's situation.

In episode 10 of the Retirement Planning Podcast, hosts Darrin McComas and Jason Fox delve into the topic of risk in retirement portfolios. They discuss the importance of understanding the amount of risk you're taking on, how much risk you should be taking, and aligning it with the current market environment. The hosts share personal updates and emphasize the significance of shifting from an accumulation mindset to a decumulation strategy upon retirement. They explain tools like Nitrogen (formerly known as Riskalyze) to quantify risk and provide actionable steps to avoid common pitfalls such as sequence of returns risk. The episode also highlights the Bucket Plan System as a method for creating a well-diversified, holistic retirement plan that mitigates risk and enhances financial security. Listeners are invited to get a free risk analysis and a copy of Jason Smith’s book, "The Bucket Plan", by visiting their website, www.ewadvisors.com.

Episode 9: The Importance of Dedicated and Ongoing Service in Financial Planning
In this episode of the Retirement Planning Podcast, hosts Darrin McComas and Jason Fox discuss the vital role of dedicated and ongoing service in financial planning. They start with personal updates, then outline their comprehensive four-step planning process: Discover, Design, Delivery, and Dedicated Service. The conversation emphasizes the necessity of continuous plan monitoring and adjustments to accommodate life changes, market volatility, and client goals. The hosts also share insights into estate planning, avoiding probate, and the advantages of using eMoney software for real-time financial data. They stress the importance of patience and proactive planning to navigate uncertain financial landscapes, concluding with a reminder for listeners to engage with them via social media and their website.

Safeguarding Your Retirement: Protecting Your Nest Egg from Unexpected Events

In this episode of the Retirement Planning Podcast, hosts Darrin McComas and Jason Fox of Evergreen Wealth Advisors discuss the importance of protecting your nest egg that you took your entire life to accumulate. The series wraps up the three-part series, 'It's Not What You Make, It's What You Keep,' focusing on long-term care and the financial vulnerabilities that can arise from unexpected medical events. The hosts explore the limitations of Medicare, the impact of pre-tax retirement accounts, and various strategies for acquiring long-term care coverage. They emphasize proactive planning and diversification to protect and retain retirement savings.

In this episode of the Retirement Planning Podcast, host Darrin McComas from Evergreen Wealth Advisors discusses the critical aspect of tax planning in retirement, as part of the series 'It's Not What You Make, It's What You Keep'. Darrin emphasizes the importance of having a long-term retirement plan rather than chasing stock market returns. He highlights the necessity of being proactive about tax planning to mitigate future tax burdens, particularly with regards to required minimum distributions from pre-tax accounts like IRAs and 401(k)s. Darrin explains various tax considerations, including Roth IRA conversions and the widow tax trap, to help retirees maximize their savings and minimize taxes. He underscores the integration of 'The Bucket Plan' and the strategic management of different tax funnels to ensure a tax-efficient and durable retirement plan. Darrin concludes by encouraging listeners to be proactive and to seek advice through a free consultation to better prepare for future financial stability.

In this episode of the Retirement Planning Podcast, hosts Darrin McComas and Jason Fox discuss the importance of preserving wealth during retirement rather than focusing solely on high returns. The episode is part one of a three-part series titled 'It's Not What You Make, It's What You Keep.' They introduce the Bucket Plan financial process, which includes strategies for investment, risk management, and ensuring a steady income during retirement. The hosts emphasize the need to shift from an accumulation mindset to a preservation mindset as one approaches retirement. They use real-life examples and statistical data to demonstrate the pitfalls of focusing solely on gains without considering market volatility and other risks. Future episodes will delve deeper into tax planning and protecting one's financial blind side.

00:00 Welcome to the Retirement Planning Podcast
00:47 Meet Your Hosts: Darrin McComas and Jason Fox
00:52 Series Introduction: It's Not What You Make, It's What You Keep
01:14 Part 1: Giving Back Your Gains
01:34 The Importance of Shifting Your Mindset in Retirement
04:35 The Bucket Plan System Explained
08:56 Market Losses and Recovery
09:59 The 4% Rule and Sequence of Returns Risk
13:02 The Bucket Plan: Now, Soon, and Later Buckets
18:06 Wrapping Up: It's Not What You Make, It's What You Keep
18:33 Preview of Next Episode: Taxes in Retirement
19:29 Closing Remarks and Disclaimers

In this episode of the Retirement Planning Podcast, hosts Darrin McComas and Jason Fox from Evergreen Wealth Advisors delve into strategies for managing recent market volatility using the Bucket Plan financial process. The episode includes a discussion on mitigating risks in the stock market, insights from a recent mastermind retreat and advanced training, and the importance of having a long-term view and a well-structured financial plan. They highlight the three-bucket system: the now bucket for immediate needs, the soon bucket for short-term stability, and the later bucket for long-term growth. The hosts emphasize the importance of ongoing education, staying the course during market downturns, and the benefits of consulting with a fiduciary advisor. Listeners are encouraged to contact the hosts for further consultation and receive a free copy of 'The Bucket Plan' book.

00:00 Welcome to the Retirement Planning Podcast
00:52 Introducing Today's Episode: Weathering the Storm
01:12 Exciting News and Recent Events
02:55 Market Volatility and Economic Concerns
08:33 Understanding the Bucket Plan Strategy
09:03 The Now Bucket: Ensuring Liquidity and Safety
10:20 The Soon Bucket: Managing Medium-Term Needs
12:46 The Later Bucket: Long-Term Growth and Security
21:11 Wrapping Up and Final Thoughts
22:52 Disclaimer and Important Information

Sources:
https://www.alisonwealth.com/blog/is-marke...
https://www.forbes.com/councils/forbesbusi...
https://www.ecb.europa.eu/press/projection...

In this episode of the Retirement Planning Podcast, hosts Darrin McComas and Jason Fox dive into comprehensive retirement planning. Darrin shares news about his upcoming training in the Bahamas and Jason's recent achievement of passing the Series 65 exam, making him a fiduciary financial advisor. They emphasize the importance of having a well-structured plan, utilizing the bucket plan system to endure market volatility and inflation, and ensuring long-term financial security. The episode also reflects on their firm's philosophy of customizing financial plans and remaining methodically consistent rather than reactive to market changes.