
166 episodes

Ready For Retirement James Conole, CFP®
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- Business
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4.8 • 341 Ratings
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Ready For Retirement is the podcast dedicated to helping you learn the tips and strategies that will help you achieve your retirement goals. When it comes to retirement planning, it can quickly become overwhelming and easy to not take action. I designed this podcast because I want you to have the knowledge and confidence to create your secure retirement. My ultimate goal for all of my clients (and listeners) is to create peace of mind and that starts with having a strategy. I want you to spend more time thinking about what matters most to you in retirement. I post weekly episodes to keep you up-to-date on all the best tips and strategies to create a retirement that excites you. Everything from investing tips, tax planning, withdrawal strategies, insurance planning, Social Security, and that's just the start! Let's help you maximize your return on life. We use your money and the strategies I share in this podcast to do just that!
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How to Manage Cash Reserves in Retirement
Managing your cash reserves in retirement can get complicated quickly between living expenses, multiple income streams, taxes owed, etc.
James explains how you should manage your cash reserves based on your financial plan and answers a listener’s question.
Questions Answered:
How do you incorporate cash needs and short-term assets into your bigger-picture portfolio?
How does that change from working years into retirement years?
Timestamps:
0:00 Intro
0:44 Listener question
2:42 Review of the week
4:09 Three “buckets”
5:30 Other tax accounts
6:57 Emergency fund
7:51 Example
10:39 Free access to your accounts
12:45 Savings accounts
14:37 Reframing your view
16:14 Cash vs portfolio
18:05 Outro
Create Your Custom Strategy ⬇️
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5 Things You'll Wish You Knew Before You Retired
When you retire, there are surprising things you’ll wish you knew beforehand. Unlike social security, IRAs, or Medicare, most people don’t often plan for the emotional and personal matters of retirement.
James discusses the five things people often regret not understanding before retirement.
Questions Answered:
What do people regret not knowing before retirement?
How can you avoid those mistakes?
Timestamps:
0:00 Intro
3:20 Regret one
5:54 Regret two
7:42 Regret three
9:14 Regret four
11:34 Regret five
13:45 Summary
14:30 Outro
Create Your Custom Strategy ⬇️
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What's the Best Way to Sell Out of a Concentrated Stock Position?
James discusses a listener’s question about what to do with stock positions and single stock positions, explaining the pros and cons of holding a concentrated stock position.
He highlights the importance of understanding tax implications and assessing your ability to handle financial and emotional implications.
Questions Answered:
What should you do when you have a large concentrated stock position from an investment perspective?
How do you exit and diversify your position?
Timestamps:
0:00 intro
3:59 Single concentrated stock positions
4:47 The role of taxes
7:07 What’s the biggest risk?
7:52 Two examples
12:10 Takeaway
12:30 Other considerations
15:35 JP Morgan study
20:13 Here’s what I’ve noticed…
21:46 Understanding risk
24:16 What would I look at?
25:52 Outro
Create Your Custom Strategy ⬇️
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6 Financial Rules of Thumb to Avoid
James debunks six popular rules of thumb that can actually do more harm than good when it comes to retirement planning.
From the 100-minus-your-age stock allocation rule to the 70% to 80% income replacement myth, James breaks down why rules like these can be counterproductive and suggests alternative strategies that will help you create a personalized financial plan that meets your unique needs and goals.
Questions Answered:
Which rules of thumb should not be universally applied?
What can you do instead?
Timestamps:
0:00 Introduction
2:36 The First Rule
5:57 The Second Rule
9:04 The Third Rule
11:48 The Fourth Rule
14:04 The Fifth Rule
18:08 The Sixth Rule
20:09 How to Measure Risk
22:02 Outro
Create Your Custom Strategy ⬇️
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How Should I Invest Proceeds from Selling My Home?
In this episode, James tackles a listener’s question about investing a lump sum for his upcoming retirement.
James analyzes one's situation and gives realistic insights on determining the right mix of stable and growth assets that will generate a rising income stream for the rest of your life.
Tune in for tips on how to secure a comfortable retirement using a real-life example.
Questions Answered:
Should I invest lump sump sum or dollar cost average approach?
How do I invest a lump sum once I receive the funds?
What other planning points should I be aware of?
Time stamps
0:00 Intro
0:45 Listener Question
2:55 Summarizing
4:10 Will You Be Okay?
7:10 Make Sure That Number is Accurate
8:20 4% Rule
9:53 Guyton-Klinger Rule
10:53 Two Things to Note
13:30 You Need Income to Live on
15:15 Part 2 of the Question: How to Invest the Lump Sum
18:10 Dollar Cost Averaging
21:06 Using An Example
23:40 The Principle Is This
27:00 Properly Addressing Risk
28:50 Most People Do This…
30:25 Back to the Listener Question
31:00 Summary
32:20 Outro
Create Your Custom Strategy ⬇️
Get Started Here. -
Plan Better: Financial Strategies vs Tactics
Oftentimes we make decisions about our portfolios based on what we think is the smartest move. Yet when we do that, we can lose sight of the bigger picture.
In this episode, we’ll discuss how the context in which you view your portfolio can steer your financial decisions for years to come.
Questions answered:
What’s the difference between financial strategy and financial tactics?
What are the key pitfalls to avoid?
Time stamps
0:00 Intro
1:15 Losing focus on the bigger strategy
2:40 Example of focusing too much on tactics
6:40 Your tactics would be…
7:45 Why Roth conversions aren’t always the right choice
8:50 Example of winning the battle but losing the war
11:00 Make sure you’re prioritizing strategy
11:20 Summary
11:54 Outro
Create Your Custom Strategy ⬇️
Get Started Here.
Customer Reviews
Informative
James has very informative topics. I look for his podcast when it comes out every Tuesday.
Worth the time
I have listened to many retirement podcasts. Ready for retirement has become my favorite. James is clear, practical, and consise yet very informative.
One of the best retirement podcast
I listen to many retirement podcasts, but this is by far the Best. Not only the content is very relevant and informational, It is also precise and no nonsense talk to waste time which plagues most of the podcasts. Keep it up and I will continue to follow, learn and enjoy the content.