Mark Fricks - The Road Less Traveled

Mark Fricks

Federal Employees - The Retirement Road Less Traveled with Financial Adviser and Federal Employee Advocate Mark Fricks. Mark Shares the mission behind the 2nd edition of The Book "The Road Less Traveled." This is a Financial Roadmap for Federal Employees seeking a secure retirement.

Episodes

  1. 09/23/2021

    Mark Fricks - Chapter Seven - WHAT ELSE CAN GO WRONG?

    Join Mark Fricks and Jeff Roediger as we continue on this financial journey.  In this session we address these important issues     • Planning right means taking into consideration all the risk factors that affect your retirement savings including longevity, inflation, taxes, health care, personal events and spousal  continuation.     • The three aspects of any investment include liquidity, safety,  and return. You can choose to maximize any two against  the third. Or you can use strategies that combine Yellow,  Green and Red Money investment tools designed for today’s  retirees and work with a financial professional. With the  right tools and strategies, it is possible to achieve aspects of  all three, Liquidity, Safety and Return.     • Choosing to maximize liquidity alone can be an expensive  option because the sooner you need your money back, the  less you can leverage it for safety and return.  • To plan for a successful retirement in today’s economy requires a creative use of strategies and today’s financial tools.

  2. 07/19/2021

    Mark Fricks - Chapter Five - Don't Leave Money on The Table: Maximizing Social Security

    Here is what Mark and Jeff Discuss in this session:  • You cannot get advice about how to maximize your lifetime benefit from a Social Security representative. They are prohibited from giving advice about when to elect your benefit options.  • To get the most out of your Social Security benefit, you need to file at the right time. Every dollar your Social Security income increases is less money you’ll have to spend from your retirement savings to supplement your income.  • An Investment Advisor can help you determine when you should file for Social Security to get your Maximum Lifetime Benefit.  • Deciding when to take your Social Security benefit is one of the most important decisions you make as a retiree. After the first year of taking the benefit, that amount is locked in for the duration of your lifetime.  • Social Security is a massive, government-funded program and there are many things about this program that you cannot control. You can, however, control when and how you file for benefits

    Mark Fricks - Chapter Five - Don't Leave Money on The Table: Maximizing Social Security

  3. 07/02/2021

    Mark Fricks - Chapter Four - Where is My Paycheck? How Much Money Do You Need To Be Happy?

    Outliving their money is what retirees fear the most. Build your retirement income from the sound foundation of Green Money, or Know So Money. The foundation of a retirement strategy depends on knowing how much money you need and when you need it. • Identify how much of your income you need now, and how much you need later. Once you have your current Need Now income needs supplied, it’s crucial to the longevity of your income to plan for Need Later Money. This offers another opportunity to look at Red Money investments for growth. • Working with a Registered Investment Advisor will help you compose a clear and concise inventory of your assets, and learn how much they are worth, what rules apply to them, and how they are structured for risk.

  4. 06/28/2021

    Mark Fricks - Chapter Three - What Color is Your Money?

    Over the course of your lifetime, it is likely that you have acquired a variety of assets. Assets can range from money that you have in a savings account or a 401(k), to a pension or an IRA. You have earned money and have made financial decisions based on the best information you had at the time. When viewed as a whole, however, you might not have an overall strategy for the management of your assets. As we have seen, it’s more important than ever to know which of your assets are at risk. High market volatility and low treasury rates make for challenging financial topography. Navigating this financial landscape starts with planful asset management that takes into account your specific needs and options. Even if you feel that you have plenty of money in your 401(k) or IRA, not knowing how much risk those investments are exposed to can cause you major financial suffering.

  5. 06/28/2021

    Mark Fricks - Chapter Two - WHAT THE HECK JUST HAPPENED? STOCK MARKET RISK AND YOUR RETIREMENT

    "The U.S. has developed a new weapon that destroys people but leaves buildings standing. It’s called the stock market.” ~ Jay Leno The stock market has long been relied upon to grow money. During retirement, growth is an important part of asset management and one solution to the dilemma of running out of money. But with growth comes risk. How much risk depends on the percentage of your investments connected to stock market volatility.

  6. 06/28/2021

    Mark Fricks - Chapter One -- DESTINATION RETIREMENT

    Just like planning for a vacation or a trip, your retirement plan needs to consider your goals and objectives, or it won’t be a good plan for you. The answers to the question, when should I retire, will be different for everyone, based on your lifestyle and the people in it who are important to you. • There is a difference between a retirement product such as a mutual fund or annuity and a retirement plan. As you move out of the working stage of your life, you are no longer earning income. A shift must be made from the accumulation of your money to the management of your money. Before you take off on your retirement trip, identify where you are now by taking the time to understand what you are invested in and what those investments are doing for you. • The rules for retirement planning have changed. Investing the way your parents did will not pay off and the majority of investment ideas used by financial professionals in the 1990s aren’t applicable to today’s markets. That kind of investing will likely get you in trouble and compromise your retirement. Today, you need a better PLAN. Having a planful approach to retirement gives consideration to today’s stock market and economy, and the individual concerns of you, the investor.

  7. 06/28/2021

    Mark Fricks - Introduction of the Audio Book "Federal Employees - The Retirement Road Less Traveled"

    Federal Employees - The Retirement Road Less Traveled with Financial Adviser and Federal Employee Advocate Mark Fricks.    Mark shares the mission behind the 2nd edition of The Book "The Road Less Traveled"  This is a Financial Roadmap for Federal Employees seeking a secure retirement

    Mark Fricks - Introduction of the Audio Book "Federal Employees - The Retirement Road Less Traveled"
  • 7 Episodes

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Federal Employees - The Retirement Road Less Traveled with Financial Adviser and Federal Employee Advocate Mark Fricks. Mark Shares the mission behind the 2nd edition of The Book "The Road Less Traveled." This is a Financial Roadmap for Federal Employees seeking a secure retirement.

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