Your Retirement Planning Simplified Joseph Curry, CFP Professional

Have you heard these retirement myths? The 4% rule is the only safe withdrawal rate, asset allocation doesn't matter in retirement, and setting a fixed withdrawal rate is the best strategy. But is it true?  

In this episode, Joe speaks with Bill Bengen, a seasoned financial advisor who is widely recognized for his pivotal role in introducing the 4% rule for retirement planning. With a rich background spanning over three decades, Bengen's profound research has significantly influenced the approach to safe withdrawal rates and asset allocation strategies in retirement planning. His expertise extends beyond conventional wisdom, delving into the intricate details of portfolio management and the significance of maintaining a balanced investment approach.   
Read the full show notes and find more information here: EP 99 Show Notes

We examine the essential aspects of estate planning, focusing on creating a comprehensive will. We also examine choosing the right executor, whether a family member or a professional service, highlighting three key scenarios to consider. 

We discuss the importance of including digital assets in your will and the benefits of secondary wills for business owners to avoid probate fees on business shares. We also remind listeners to review and update their estate plans regularly to ensure they remain current and effective. 
Read the full show notes and find more information here: Ep 98 Show Notes

In this podcast episode, host Joseph interviews cybersecurity expert Scott, who discusses the critical importance of cybersecurity, especially in protecting financial assets. Scott explains the various types of cybercriminals, including organized crime groups, nation-state actors, and lone wolf attackers, and highlights common methods they use, such as ransomware and social engineering scams. He emphasizes the importance of multi-factor authentication and cautious email practices as fundamental security measures to safeguard personal and financial information. 
Read the full show notes and find more information here: Ep 97 Show Notes

In this episode of "Your Retirement Plan Simplified," we delve into the topic of cryptocurrency and its place in a retiree's investment portfolio. We give a layman's definition of cryptocurrency, discuss its appeal due to decentralization, security, global accessibility, and investment potential, but also highlight its extreme volatility and lack of predictable returns.  

Joe explains that while traditional investments like stocks and bonds offer future cash flows, cryptocurrencies rely solely on supply and demand, making them unsuitable for retirees focused on preserving capital and ensuring reliable income. Ultimately, they advise against significant investment in cryptocurrency for retirees, favoring more stable, predictable assets. 
 
Read the full show notes and find more information here: EP 96 Show Notes 

In this podcast, Joe and Regan look at having an emergency fund in retirement. They discuss how setting aside three to six months’ worth of expenses can provide peace of mind and financial security, protecting retirees from unexpected expenses without needing to dip into investments or accrue high-interest debt.  

They highlight that an emergency fund should be kept in a highly liquid and low-risk account, such as a savings account, to ensure it is readily accessible when needed. The discussion also covers the potential benefits of having a line of credit as an additional backup, especially when markets are down, or large, unforeseen expenses arise. 
Read the full show notes and find more information here: EP 15 Show Notes

Are you feeling frustrated by the difficulty of understanding investment strategies? Feeling uncertain about which approach to take? 

Imagine spending years trying to navigate the complexities of active management, only to discover that it may not be the most effective approach. The struggle to decipher the impact of dividends on investment returns and the challenge of understanding market efficiency theory can leave you feeling overwhelmed and disheartened. It's time to cut through the confusion and gain clarity on evidence-based investing strategies. Let Joe and Mark guide you through index funds and learn to make informed decisions confidently. 
Read the full show notes and find more information here: Ep 95 Show Notes