Retire Ready with Kyle Hammerschmidt Kyle Hammerschmidt

Retirement is a unique journey for each of us. The thought that there's a one-size-fits-all solution is a myth, but what if we told you there are certain universal truths that can guide every retiree?

We’ve split this list of 10 truths into two episodes, and part one focused on income planning, long-term care, investing, longevity and inflation. Today we close out the final five retirement truths by covering investing guidance, taxes, working in retirement, and estate planning.

Here are the truths we’ll discuss in this episode:
Diversifying your investments across a mix of asset classes is essential for risk management.Emotions can be an investor’s worst enemy.Understanding the tax consequences of your investments is essential.Retirement doesn’t mean complete disengagement from work.Estate planning isn’t just for the wealthy.We hope you enjoy the show!

Helpful Info:
Kyle's website: http://www.mokanwealth.com/
Phone: 913-257-3991

Retirement is a unique journey for each of us. The thought that there's a one-size-fits-all solution is a myth, but what if we told you there are certain universal truths that can guide every retiree? 
Dive deep in this episode, where we juxtapose the individuality of retirement plans with the foundational principles that remain consistent across the board. We’ve broken it down into a list of 10 truths and we’ll tackle the first five in part one today. 


Here are the truths we’ll discuss in this episode:
Everyone needs an income plan to ensure that they have enough money coming in each month to cover their lifestyle.Everyone needs a plan to address long term care issues.Nobody can consistently time the stock market and have success.Nobody knows how long they’re going to live so we need to plan for a long retirement.Money sitting in cash isn’t keeping up with inflation so what other options do you have?We hope you enjoy the show!

Helpful Info:
Kyle's website: http://www.mokanwealth.com/
Phone: 913-257-3991

In this episode, we’re tackling some common complaints and fears that can arise during the retirement planning process. These complaints often include concerns about advisors taking too much risk, dissatisfaction with account growth, high fees, worries about Social Security not being enough to retire on, and more. We'll discuss which concerns are well-founded, which are based on misconceptions, and offer insight on how retirees can best navigate their financial future.

Here are some key takeaways from this episode:
If you feel like your advisor is taking too much risk, consider your individual risk tolerance and goals + understand the trade-off between risk and return.Focus on the value provided by your advisor, not just the cost. While fees are important, cheaper doesn’t always mean better.Investment accounts might not always experience consistent growth, and fluctuations are part of long-term investing. Understanding your investment choices and financial plan is key!Financial plans should be explained by your advisor in simple, easy-to-understand terms.We hope you enjoy the show!


Helpful Info:
Kyle's website: http://www.mokanwealth.com/
Phone: 913-257-3991

In today's episode, we'll explore the sensitive and significant process of transitioning from one financial advisor to another. We'll cover how to recognize when your current advisor may no longer be serving your financial needs effectively, the right questions to ask, and crucial factors to consider when searching for a new financial partner.
Join us as we explore the value of finding an advisor who aligns with your financial goals, offers personalized strategies, and provides emotional support for your retirement journey. Remember, retirement planning requires thoughtful consideration, so don't hesitate to make the change that will secure your financial future.

Here are some key takeaways from this episode:
Look for an advisor whose philosophy and personality align with your financial goals and preferences. They should be able to explain their strategies clearly and be transparent about their services and fees.Once you've decided to transition to a new advisor, have a courteous conversation with your current advisor, keeping it professional and concise. The new advisor should handle most of the paperwork and make the process smooth for you.Don't judge your new advisor solely on recent performance. Consider the broader value they bring to your financial life, such as alleviating stress, providing education, and tailoring strategies to meet your unique needs.
Helpful Info:
Kyle's website: http://www.mokanwealth.com/
Phone: 913-257-3991

Licensed Insurance Professional.  We are an independent financial services firm helping individuals create retirement strategies using a variety of investment and insurance products to custom suit their needs and objectives. This material has been prepared for informational and educational purposes only. It is not intended to provide, and should not be relied upon for, accounting, legal, tax or investment advice. 
Investing involves risk, including possible loss of principal. Insurance product guarantees are backed by the financial strength and claims-paying ability of the issuing company. We are not affiliated with any government agency.

Picture this: You're at your retirement party, finally ready to enjoy your golden years, but worries caused by some bad money habits have robbed you of fully enjoying the sweetness of the day. It happens to more people than you think, which is unfortunate because, with just a little bit of modification, you can rid some of the worst money habits from your life and set yourself up for retirement success. 
Here's what we’ll discuss on today’s show: 
Being addicted to the rising stock market. (1:57) Procrastinating making financial decisions. (5:12)Pretending like you won’t need long-term care. (7:38) Living beyond your means and mismanaging your debt. (9:33)Avoiding professional financial advice to “save money.” (12:03)
Helpful Info:
Kyle's website: http://www.mokanwealth.com/
Phone: 913-257-3991

Don’t get us wrong. In many cases, your 401(k) can be your best investment vehicle, offering numerous benefits and tax advantages and many times a 100% return on some of your contributions (also known as an employer match). However, it's important to recognize that it might not always be the optimal choice for everyone. Join us in this thought-provoking episode as we dissect the reasons why someone should NOT invest in a 401(k). 


Here's what we’ll discuss on today’s show: 
If you do not have an emergency fund. (2:10) If you’re swimming in debt. (3:48)If you’re worried about future tax increases. (5:18)If your employer doesn’t offer matching contributions. (9:42)
Helpful Info:
Kyle's website: http://www.mokanwealth.com/
Phone: 913-257-3991