Ep 168 – Where Is My Episode?
Over the last couple of years, we’ve covered many topics on investing and retirement planning. We have a whole library of information on any topic that you can think of.
In this episode of the Secure Your Retirement podcast, we share information on where you can find the episodes, you’re looking for over a glass of Erath Pinot Noir wine. We explain the different episodes under different categories and why you should listen or re-listen.
Listen in to learn why we advocate for the simple three-bucket retirement strategy instead of the buy and hold strategy.
In this episode, find out:
● Episodes on estate planning include wills, power of attorneys, trusts, and much more.
● Recommendations on retirement planning episodes and what you’ll learn.
● Episodes to help you understand tax and how to tax do the planning.
● Episodes on portfolio management – why active management and not buy and hold.
● The big topic of annuities and the 8-part series we have about them.
● “The retirement bucket strategy is a simple three bucket strategy that takes away all the stress because you’re going to know where your cash, income and safety, and growth are at.”– Radon Stancil
● “Once you have the investment strategy and retirement plan figured out then taxes become something you want to focus on.”– Murs Tariq
Where Is My Episode?
EP 1 – Chess Griffin – How to Know What You Need for Your Estate Plan
EP 73 – Chess Griffin – Do You Need a Trust?
EP 106 – What Should You Consider If Your Spouse Passes Away?
EP 109 – Chess Griffin – Special Needs Trust – What You Need to Know
EP 135 – How to Create an Estate Plan Without the Stress
EP 160 – 6 Considerations for Your Estate Plan
EP 8 – Planning for Retirement – How the Process Works – Part 1
EP 10 – Planning for Retirement – How the Process Works – Part 2
EP 12 – Planning for Retirement – How the Process Works – Part 3
EP 18 – How to Build an Income Plan For Retirement
EP 22 – Looking at The Whole Picture in Retirement
EP 44 – How Do IRA and 401K Rollovers Work?
EP 48 – How Much Do You Need to Retire?
EP 52 – The Retirement Planning Checklist
EP 58 – Social Security – When is The Right Time?
EP 88 – Having a Team Approach in Retirement
EP 97 – Social Security Strategies
EP 118 – 4 Questions to Help Your Income Plan
EP 157 – The Retirement Bucket Strategy
EP 162 – 401k Versus IRA
EP 13 – Tom Turner – Planning Taxes and Retirement
EP 66 – How To Convert an IRA to a Roth IRA
EP 94 – Tax Strategies for Non-IRA Brokerage Accounts
EP 124 – IRAs – Required Minimum Distributions
EP 130 – Considerations For Charitable Giving
EP 133 – Steven Jarvis – Tax Planning for Retirement
EP 158 – Tax Planning Versus Tax Preparation
EP 161 – How Required Minimum and QCDs Work
EP 163 – Steven Jarvis – Mid-Year Tax Strategies
EP 16 – Investing During Retirement – Buy and Hold or Active Management?
EP 19 – Bill Sherman – Buy and Hold is Dead
EP 56 – Asset Allocation or Strongest Assets
EP 146 – Risk Adjusted Portfolio – How It Works
EP 150 – What’s The Difference Between a Mutual Fund and a ETF?
EP 153 – Bonds Versus Bond Alternatives
EP 159 – When Cash Is Good
EP 26 – Annuities – Why Ever Use Them
EP 30 – Annuities – Why Ever Use Them – Part 2
EP 34 – Annuities – Why Ever Use Them – Part 3
EP 38 – Annuities – Why Ever Use Them – Part 4
EP 41 – Annuities – Why Ever Use Them – Part 5
EP 46 – Annuities – Why Ever Use Them – Part 6
EP 47 – Annuities – Why Ever Use Them – Part 7
EP 54 – Annuities – Portfolio Implementation – Part 8
EP 128 – Should I Consider an Annuity in My Financial Plan?
Here’s the Full Transcript:
|Radon Stancil:||Welcome everyone, to our July Wine Down. Today, we have a very, very exciting episode because we are going to guide you through all of the different topics and episodes, I think big headline topics, that people are always asking us about. So you’re going to get a lot of information. But before we get into that, we do want to talk about one of the most important things for our episode, which is our wine that we have.|
|Morgan Dunn:||Yes. So since I’ve become a Willamette Valley wine snob since my trip to Oregon, I’ve been on the search for a good Pinot Gris that is reasonably priced and easy to access. And so, I found Erath. It’s super good, and you can find it at your local grocery store. And it’s kind of on repeat at my house.|
|Murs Tariq:||Which by the way, she went on that vacation months ago, and we’re still having some of that wine. So if you haven’t been out there, apparently it’s pretty cool. There’s some good wineries out there.|
|Morgan Dunn:||Check it out. There’s a lot out there. There’s also a lot of our podcasts out there. So I’m really excited about this episode, because we’re going to break it down by category, over 168 episodes is what we’ve had over the past two years. So it’s exciting, and it’s good for us even to kind of review it, to know that when people call, we can shoot them right to the right podcast, or give them the right episodes to answer their questions, so that’s what we’re going to do here today.|
|Radon Stancil:||All right. I do want to say this before you go down this. I don’t want you to get overwhelmed, because we’re about to say a lot of different episodes. Remember that we do have a blog written on this, and the blog is going to have every one of these, just like an index. So don’t get stressed.|
|Morgan Dunn:||So we’re going to cover five topics, those are estate planning, retirement planning, taxes, portfolio management, and annuities. So let’s get started with estate planning.|
|Murs Tariq:||Yeah. So like everyone has been saying, we have this whole library of information now that we started this podcast a couple years ago, and we’ve gotten a lot of good feedback on it. And so, on the estate planning side of episodes, we’ve been all over the place. We’ve interviewed a couple different types of attorneys, and with your estate plan, that’s basically, “How am I leaving money behind? How am I directing that? How am I staying in control of that, even when I’m not around to actually be in control of that?” So that is talking about wills, power of attorneys, trusts, durable power of attorneys, living wills, healthcare, everything that you can imagine, we’ve covered in all these various episodes.|
|Murs Tariq:||Our most recent, actually, I think has been the most popular. That’s Episode 160, where we go through a quick recap, and we called it Six Considerations for Your Estate Plan. And we went through six things that we believe every estate plan should have in place. So that’s a really good one.|
|Murs Tariq:||If you’ve ever been interested in a trust, we did a couple episodes on trust, one in particular of just, what is a trust? Everyone is always saying, “Hey, do I need a trust?” or “I should have a trust” or “My friend has a trust.” Well, we did a great episode with Chess Griffin, who is a regular attorney that comes on our podcast, Episode 73. We talk all about as to, what is a trust and do you even need one? And then we go into all kinds of different topics, so be sure to check out the blog article. If you’re interested in estate planning, we’ve got a huge resource for you here.|
|Morgan Dunn:||We also have retirement planning, which covers a lot of different topics, everything from social security to 401ks versus IRAs. So which ones would you recommend?|
|Radon Stancil:||Yeah. So we did a lot on this particular topic. We have a lot under this category. We did a three part podcast on planning for retirement, how it works. And we just basically walked through step-by-step, that’s Episodes 8, 10, and 12. And so, we just wanted to take it step-by-step. We didn’t want to overwhelm. So again, 8, 10 and 12.|
|Radon Stancil:||Episode 18, one of the biggest concerns people have about in retirement is running out of money, and particularly income. So that episode is how to build an income plan for retirement. This is a very popular one, Episode 48. Episode 48, How Much Do I Need to Retire? We get that question all the time. And we kind of go through that with you. Within that leads us to Episode 52, which is about a retirement planning checklist. We take you through a lot of different things there.|
|Radon Stancil:||Another huge topic that we cover in Episode 58, Social Security, When is the Right Time? Do I take it at 62? Do I take it at full retirement age? Do I take it at 70? We cover the whole entire gambit on that.|
|Radon Stancil:||And then, episode 157, something that Murs and I now talk about with everybody, and that is the Retirement Bucket Strategy. It’s a simple, three bucket strategy. And when you think about it that way, it takes away all the stress, because you’re going to know where your cash is at. You’re going to know where your income and safety is at, and where your growth is at, and you don’t have to worry. It is a “set it and just let it ride” kind of plan. And I will tell you, of the folks that we’ve talked this through with and used this type of planning, they’ve just said, “Man, I do have peace of mind.” So again, there’s a lot more here that’s all going to be in the blog. You’re going to hear us say that throughout this episode. You’re going to need to go to the blog page and get this list. They’ll all be listed there for you so you can find it pretty easy.|
|Morgan Dunn:||Yeah. And the next one I would say is one from listeners, clients and people that call in, one of the biggest requests is the tax ones, like “Which one should I listen to? Which one is going to be most helpful for me?” So Murs, what should we listen to on taxes?|
|Murs Tariq:||Yeah. And taxes, it’s a huge part of retirement planning. Once you have the investment strategy figured out and you’ve kind of got your retirement plan somewhat figured out, as far as where you’re going to get income from, well, then taxes becomes something that we really want to focus on, because the different assets you have are taxed differently. Tax rates are kind of… They can be in any direction, and we don’t know where they’re going in the future, so you want to do some future planning as well with your retirement plan.|
|Murs Tariq:||So we’ve taken all that into account, and we have a lot of really good episodes here. One common topic is this idea of Roth conversions. And so, we spend an entire episode, Episode 66 is all about How to Convert an IRA to a Roth IRA. The idea here is you’ve got a bunch of pretax assets, and you’re wanting to try to make them tax-free so they can grow tax free, and does that make sense? So that’s a really good one if that’s been in the back of your mind that you want to look into.|
|Murs Tariq:||Another big one, we actually called up all of our clients and said, “Hey, you need to listen to this episode because we think it’s very important.” And that’s Episode 94, Tax Strategies for non-IRA Brokerage Accounts. So a non-IRA brokerage account has a different type of tax situation than your IRAs do, and you want to be able to understand that and strategies around that.|
|Murs Tariq:||Once you reach age 72, that is RMDs, required minimum distributions. Episode 124 is all about that. A lot of times we hear this word of RMDs, but we don’t understand it, and we don’t know how much we’re going to have to be required to take out by the government’s say. So we walk through, what is an RMD? How do you do the calculation, and things you want to be thinking about around that.|
|Murs Tariq:||And then I would say the last one, and there’s multiple more, but the last one I think is really important is Episode 161. That one is touching again on RMDs, but we’re also talking about how you can use your RMDs to essentially not pay taxes on them if you’re charitably inclined. It’s a thing called QCD. So a lot of resources on taxes, and that list is going to continue to grow. But make sure if you have questions on that, again, tap into the blog article and you’ll just have to click on a link. That’ll take you right to the episode.|
|Morgan Dunn:||Yeah. I’ve really enjoyed our tax expert resources. They’ve been helpful and really enjoyable to listen to on that. The next one we have is portfolio management.|
|Radon Stancil:||Yeah. One of the things that we have learned over well, I’ve been doing this for over 22 years, Murs has been with me for 10. And one of the things we know is that the people that like our system say this, “I’d like to make a decent rate of return and not lose a bunch of money. I don’t want to be exposed to significant downturns in the market. Well, how do you do that?”|
|Radon Stancil:||Well, there’s a lot to it, but we have gone through quite a bit of podcasts on this particular topic. Episode 16 was Investing During Retirement, Buy and Hold Versus Active Management. Now, if you’ve been listening to the podcast at all, you know that Murs and I are not buy and hold, we are active managers. But what does that mean? And why should you not do, in our opinion, buy and hold?|
|Radon Stancil:||Well, we then had a guest on Episode 19, Bill Sherman, and he talked about how for over 50 years, he’s been talking about this idea of why buy and hold is dead. We talk about how to have a risk-adjusted portfolio. Again, people that are close to retirement do not want to have a lot of risk in their portfolio. That’s Episode 146.|
|Radon Stancil:||Another big question is, how does a mutual fund work? And what’s the difference between a mutual fund and an ETF? Well, that’s Episode 150.|
|Radon Stancil:||A big one that Murs and I’ve been talking about, that if you’re listening to this, it’s 2022, and the bond market has been horrible. Sitting here right now, mid of the year, right at July, the bond market has dropped 12% if you look at the Aggregate Bond Index. So what do you do if you don’t do bonds? Well, 153, Episode 153, Bonds Versus Bond Alternatives. And something that we have utilized a few times this year is cash or money markets, so 159 is When is Cash or a Money Market Good? Why should I ever be in that? So that just kind of gives you a little bit of an understanding. And we’re talking about going through these things in little segments just to get educated. And there’s just a wealth of information there that can just help you to get through that and go, “Okay. I feel confident. I understand the differences now.”|
|Morgan Dunn:||Another hot topic that we get asked about is annuities. And which ones of those, which podcasts would you suggest for that, Murs?|
|Murs Tariq:||Yeah. So annuities is a big topic, and we felt it was big enough that we needed to do a whole series on it, the reason being is that there’s a lot of intricacies that come with annuities, and there’s a lot of different things that you need to understand before you ever think about buying one or think about whether or not it fits into your retirement plan.|
|Murs Tariq:||A lot of our clients are going to have some portion of their assets in an annuity, and we want to make sure that they understand it very well. And so, we did this whole, it’s actually an eight part series on annuities, and it’s called Annuities, Why Ever Use Them? And there’s Parts 1-8 in the podcast, starting at Episode 26, ending at Episode 54. And we walk you through, what is it? I’ll tell you quickly, it’s an insurance product that provides some guarantees. And it works very well to compliment the risk of the stock market.|
|Murs Tariq:||And so, we walk you through, well, how does it do that? How does it earn a rate of return? What are the things that I need to be thinking about as far as liquidity, as far as commitments that you’re making with the insurance company? What are these things called income riders? A lot of times the term annuity is just associated with income, and that’s not always the case, but there are income riders that can be attached to an annuity. And so, we want to make sure you understand that as well. And then at the end of the day, let’s say, you like the concept, and you’re like, “Well, how do I even structure this into my overall plan?” We did a whole episode on how we, at Peace of Mind, are going to implement that into our portfolios for our clients.|
|Murs Tariq:||So, a lot of really good resources here on annuities in general. It kind of goes under the portfolio management concept. But we felt, again, it’s such a big thing that someone needs to understand, we get plenty of questions around it, that we sectioned it out, and did a whole series on it. And we’re going to continue to talk about it, especially with the way that the markets have been, especially with volatility. And again, the majority of you listening are close to retirement or are already retired. And we feel that does fit into the picture pretty well, so plenty of resources there.|
|Radon Stancil:||All right. So go to the blog, because that’s going to be where you need to find all this stuff. It’s going to be easy. We’ve just talked it through, but the blog article will be Secure Your Retirement Podcasts, Where do I find My Episode? And that way you’ll be able to kind of go through and understand exactly what you’re looking for. And this is just going to be an extremely good resource, so you’re not having to scroll through 168 episodes trying to figure out how they all fit together, and “Where’s all those part ones through eight?” and all that kind of stuff.|
|Radon Stancil:||So we hope that’s been helpful. By the way, if you’re listening to this and you’re thinking, “I’d like to have a chat,” go to the website. In the top right hand corner, it says “schedule call,” and our calendar will come up, and you can schedule a 15-minute, no obligation, absolutely no charge phone call with myself or Murs. We would love to be able to hop on a call and answer any questions that you might have.|
|Radon Stancil:||Thank you so much for listening. Thank you so much, Morgan, for spending another Wine Down with us and bringing such a good wine to us. We appreciate it.|
|Morgan Dunn:||It’s a tough job.|
|Radon Stancil:||Murs, thanks for helping us taste it.|
|Murs Tariq:||Happy to be here.|
|Radon Stancil:||All right, everyone, we will talk to you again next Monday.|