Retirement Reality Podcast

Mike Kojonen
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Retirement Reality Podcast Podcast

Weekly financial and retirement planning guidance with Mike Kojenen of Principal Preservation Services. Mike serves western Wisconsin and the Twin Cities areas of Minnesota.

  1. 22 AUG

    Financial Mailbag: Retirement Savings, Life Insurance Claim, Finding an Advisor & More

    In this special mailbag edition of the show, Mike answers a wide range of listener questions. From life insurance and alimony to savings and retirement planning, this episode covers many of the financial planning conversations we have with clients every day.   Here are some of the questions we’ll answer in this episode: I’ve heard that you need to have between 15 and 20 times your annual salary in savings to be able to retire comfortably—do you think that’s accurate? It seems that all of the experts I hear say that you should work until 70 and then start your Social Security. I’m only 57 now and I can’t imagine working another 13 years. How important is this notion of working until 70? I’ve interviewed seven different financial advisors. All of them have aspects that I like, but not even one seems perfect to me. Should I keep interviewing more folks or am I being too picky? I was planning to retire this year, but would this be a bad time to retire with everything that’s going on?   To get in touch with Mike, visit our website: http://principalpreservationservices.com

    20 min

  2. 8 AUG

    How Kids & Grandkids Influence YOUR Retirement Planning

    Retirement planning is a complex process that requires careful consideration of various factors, including the needs of your family. In the latest episode, Mike shares valuable insights on how children and grandchildren can significantly impact retirement goals and offers practical advice on how to navigate these challenges.   Here’s some of what we discuss in this episode: More and more parents are providing financial support for their adult children. Parents who had kids later in life are still paying for college heading into retirement. People who want to be very intentional about leaving a financial legacy. Parents lending money to their children for significant expenses like down payments on homes or starting a business. Grandparents who want to help with education costs for their grandchildren.   To get in touch with Mike, visit our website: http://principalpreservationservices.com

    25 min

  3. 25 JUL

    The Top 401(k) FAQs in 2024

    Mike gets a lot of questions about 401(k)s and knows they can be tricky to navigate. That's why we're tackling your top questions in one comprehensive episode. From understanding target date funds to adjusting your investments as you near retirement, this conversation will cover a wide range of essential topics. Listen in to see what you can learn!   Here’s some of what we discuss in this episode: Should I contribute as much as I can to my 401k or only as much as the company will match? Is taking a 401k loan always a bad idea? When should I take money out of my 401k and roll it over to an IRA? How should I adjust my 401k investments as I get closer to retirement? Can I make catch-up contributions to my 401k? If so, how much and when? What are the risks and benefits of including company stock in my 401k?   To get in touch with Mike, visit our website: http://principalpreservationservices.com

    26 min

  4. 11 JUL

    Can You Retire on $42/Month?

    Imagine retiring comfortably on just $42 per month—sounds too good to be true, right? Well, it’s exactly the assertion you might have seen in the headline of a recent article online.   Here’s some of what we discuss in this episode: Is this article clickbait or is there some value to it? Some strategies you need in order to save for retirement. What are some realistic savings goals that people should have? The role planning plays in helping you reach your goals and save enough money to enjoy retirement.   Read the article: https://www.fool.com/the-ascent/buying-stocks/articles/you-can-retire-on-4167-a-month-if-you-do-these-2-things/   To get in touch with Mike, visit our website: http://principalpreservationservices.com

    16 min

  5. 27 JUN

    Clearing Up Some Common Financial Half-Truths

    We hear a lot of half-truths in the financial world, not necessarily because people try to make misleading statements, but because sometimes a simple statement just doesn’t quite tell the whole story. Join Mike as he goes over some common financial half-truths to try and help clear some things up and put your mind at ease.   Here’s some of what we discuss in this episode: Knowing how much you are paying in fees. Weighing whether to invest or finish paying off a low-interest mortgage early. Planning for retirement even when you plan to work through your retirement. Healthcare needs during retirement.   To get in touch with Mike, visit our website: http://principalpreservationservices.com

    20 min

  6. 13 JUN

    Take the Fork: Yogi Berra's Wisdom on Making Financial Choices

    In this episode, we’re diving into some famous words by the one and only Yogi Berra. You might know him for his legendary baseball career, but Yogi was also a goldmine of wisdom. So, what can we learn from Yogi about retirement planning?   Here are some of the quotes we’ll unpack in this episode: “I never said most of the things I said.” “A nickel ain’t worth a dime anymore.” “If you don’t know where you’re going, you might wind up some place else.” “The future ain’t what it used to be.” "You can observe a lot by watching." "It ain't over till it's over."   To get in touch with Mike, visit our website: http://principalpreservationservices.com

    16 min

  7. 30 MAY

    Retiree Insurance: The Basics You Must Know

    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 today's episode, covering health insurance, long-term care insurance, life insurance, and more.   Here’s some of the mistakes we discuss in this episode: Why your health insurance coverage might change and how can you bridge the gap to Medicare? The different parts of Medicare and what it does/doesn’t cover. Why you would want to consider long-term care insurance? What are the alternatives to LTC insurance?   To get in touch with Mike, visit our website: http://principalpreservationservices.com

    26 min

  8. 16 MAY

    Mistakes When Choosing A Financial Advisor

    In this episode, we’ll uncover the critical mistakes many make when choosing a financial advisor. We're cutting through the noise to highlight what often goes wrong- from misplaced trust in big names to overlooking the fine print. This episode is your essential guide to avoiding those pitfalls and making informed decisions that align with your financial goals.   Here’s some of the mistakes we discuss in this episode: Not understanding how the advisor gets paid Putting too much trust in a recognizable national brand name Not checking credentials or the advisor’s background Not covering expectations for communication style & frequency   To get in touch with Mike, visit our website: http://principalpreservationservices.com

    23 min
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About

Weekly financial and retirement planning guidance with Mike Kojenen of Principal Preservation Services. Mike serves western Wisconsin and the Twin Cities areas of Minnesota.

Information

  • Creator
    Mike Kojonen
  • Years Active
    2021 - 2024
  • Episodes
    149
  • Rating
    Clean
  • Copyright
    © Copyright Mike Kojonen 2021
  • Show Website
    Retirement Reality Podcast

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