My Smart Retirement Nancy Fleming

Saving in your 401(k) can be an easy and painless way to build your retirement savings. But because it’s so easy and painless, it can also be easy to ignore for long periods of time, which often leads to mistakes.
Since this retirement account is one of the most popular vehicles for saving, it’s important to make sure we’re doing all we can to get the most out of this money.
In this episode, Nancy will cover at least five of the mistakes people make in their 401(k)s and explain what you can do to avoid this with your own investments.
Here’s some of what you’ll learn in this episode:
What options does someone have when they aren’t comfortable with risk but want to generate better returns? (3:38) What you should be doing with the money in an old 401(k) with a former employer? (9:46) People fail to rebalance their 401(k) enough. (12:28) Allocating too much money to a target date fund might not be giving you the customized solution you think. (13:35) Don’t just assume that fees and costs are minimal because they aren’t clearly outlined. (15:27) What you should do if you want to transfer your 401(k) to another custodian. (17:14)  
Contact The Office
480-632-8770
 
Schedule A Visit
https://bit.ly/3V4xihj
 
For more, visit us online
https://www.flemingfinancialservices.com/


























 
 
 

Just like the lights on your dashboard can indicate if something is wrong with your car (like low tire pressure or leaking oil), there are indicators in your financial life that might point out that you have a problem that needs to be addressed.
On this episode of My Smart Retirement, Nancy Fleming breaks down at least four warning signs that should give you a clue something isn’t quite right with your financial and retirement plan.
Having no idea what it costs to fund your lifestyle, being overly focused on a specific dollar amount, or getting worked up over the financial impact of the day’s news stories are just some examples of the warning signs Nancy will explore.
And stay tuned for the end of the show where Nancy peels back the curtain on a new industry buzzword/phrase called “Next Chapter Advisors.”
Here’s some of what you’ll learn in this episode:
• Warning Sign #1: You have no idea what it costs to fund your lifestyle (3:00)
• Warning Sign #2: You’re focused on attaining a certain net worth or account balance (5:37)
• Warning Sign #3: Your mental image of retirement is based on what your parents had (7:23)
• Warning Sign #4: You get worked up about current events because of the impact you feel that they have on your portfolio (11:07)
• Nancy shares an analogy about comprehensive planning and balancing short and long-term goals and plans (12:57)
• What are “Next Chapter Advisors”? (18:05)
When the warning light pops up on your dashboard, sometimes you know what needs to be fixed. Other times, you have to consult a professional to know what the problem is and how to fix it.
It’s the same thing in your financial life. Sometimes you’ll know the major areas where you need to improve, but a lot of times you’ll want a pro to help guide you and show you the way. If that’s the case, we’re always here to help, so don’t hesitate to reach out if you have any questions.

Contact The Office
480-632-8770
 
Schedule A Visit
https://bit.ly/3V4xihj
 
For more, visit us online
https://www.flemingfinancialservices.com/


























 
 
 

Another year is upon us and it’s a great time to assess how ready you are for retirement to kick off 2023.
If you’re retiring this year, it’s essential to have some concrete answers to these questions. If you’re still a few years from the milestone, tune in so you can start thinking about these critical conversations.
Running through this entire list of planning items will ensure that you’ve checked the most important boxes off your list so that you will be prepared to make the transition into retirement. If you aren’t sure how you’d answer any of these questions, make sure you get with a financial professional to have that discussion.
Here’s some of what you’ll learn in this episode:
How much income do you need every month? (2:52) Which account should you start withdrawing from first in retirement? (3:50) Do you have a plan to combat inflation? (7:45) Do you have any current investments or products you don’t understand? (12:34) The healthcare costs you need to be thinking about. (18:25)  
Contact The Office
480-632-8770
 
Schedule A Visit
https://bit.ly/3V4xihj
 
For more, visit us online
https://www.flemingfinancialservices.com/


























 
 
 

Another round of retirement changes are on the way after President Biden signed a spending bill in December 2022 that included the SECURE Act 2.0. Retirees and pre-retirees need to understand what this legislation means, how it might impact you, and what planning opportunities this could open up.
With a significant number of changes beginning this year and next, we’re going to break the discussion up into two parts. In this first episode, Nancy will lay out the details for RMDs and the new age requirements. The rules will impact both account holders and spouses, and we’ll lay that out for you.
Plus, she’ll tell you about a big change to the 529 plan that will allow people to move money to a Roth. There are some specific rules you’ll need to follow to qualify, but it’s great to have that possibility down the road.
It will be another busy year for retirement planning so make sure you check in with your advisor to see what adjustments you’ll need to make based on this new legislation.
Here’s some of what you’ll learn on this episode:
The rules have changed for what age you have to take out Required Minimum Distributions. (2:32) How these new rules will impact spouses. (8:23) Changes to 529 plans will allow people to move that money to a Roth…with some qualifications. (12:31) Catch-up contributions increase for the upcoming year. (19:37)  
Contact The Office
480-632-8770
 
Schedule A Visit
https://bit.ly/3V4xihj
 
For more, visit us online
https://www.flemingfinancialservices.com/

Many of us like to set New Year's Resolutions. Today we will be discussing goals, but not resolutions in particular.
We want to help lay the foundation for goal setting so you will be able to achieve them whether they are financial or personal.
For this episode, you’ll want to take a moment to write out your goals and plan along with us as we discuss ways to help you achieve them.
Here’s some of what you’ll learn in this episode:
What kind of person do you want to be? (3:48) Setting dates for your goals. (6:10) “Ring out the false, and ring in the true” (9:42) Prioritize your goals using this method. (12:00) Contact The Office
480-632-8770
 
Schedule A Visit
https://bit.ly/3V4xihj
 
For more, visit us online
https://www.flemingfinancialservices.com/

The New Year is approaching in a matter of days. This time of year, many of us enjoy getting our lives organized to some degree. The same can go for your financial life.
In this episode, we will be sharing 10 financial steps you should take to start 2023 off on the right track.
Here’s some of what you’ll learn in this episode:
Are you financially organized? (1:28) Do you review your budget each year? (6:32) Have you been meeting your savings goals? Do you have an emergency fund? (9:10) Contact The Office
480-632-8770
 
Schedule A Visit
https://bit.ly/3V4xihj
 
For more, visit us online
https://www.flemingfinancialservices.com/