104 episodes

Planning Retirement Smarter. Living Retirement Better. With Kevin Kroskey, CFP® Of True Wealth Design.

Retire Smarter Kevin Kroskey

    • Business
    • 4.5 • 22 Ratings

Planning Retirement Smarter. Living Retirement Better. With Kevin Kroskey, CFP® Of True Wealth Design.

    Ep 104: Understanding Your Retirement Plan Results

    Ep 104: Understanding Your Retirement Plan Results

    Kudos! You went through a retirement planning process or completed an online calculator and have the results. Now, what the heck do they mean exactly? 
     
    Hear Kevin peel back the onion on understanding your retirement plan results. What are Monte Carlo simulations? What assumptions belie them? What shortcomings does this type of analysis have? How can this powerful tool be thoughtfully used to help ensure you stay on track?
     
    Key points on this episode: 
     
    2:16 - What we discuss with clients
    4:43 - How we display results in our dashboard
    9:07 - Safety margin
    17:25 - Hierarchy of expenses
    19:51 - No simulations are perfect
     
     

    Learn more about our Retire Smarter Solution™: https://www.truewealthdesign.com/ep-45-retire-smarter-solution/
     
    Have a financial question? Contact us at https://www.truewealthdesign.com/contact/

    • 27 min
    Ep 103: Mailbag - Bear Market Investment Questions

    Ep 103: Mailbag - Bear Market Investment Questions

    The bear is roaring and eating away at stock and bond returns. What's an investor to do?

    Hear Kevin Kroskey, CFP®, MBA  and Tyler Emrick , CFA®, CFP®  discuss common investment questions clients are prospective clients are asking:  Should I decrease risk? Should I increase cash? Is cash better to own than bonds? Should I consider a CD or fixed annuity? Is it okay to make a strategy change or hire an advisor when markets are down?

     

    Key points on this episode: 

    1:45 - Should we sell out at this point?

    5:39 - Preparation is so important

    8:47 - 'Coupon Kroskey'

    9:58 - Cash vs Bonds

    16:37 - Fixed interest rate products

    21:27 - Bad time to move money?

    26:49 - Other items to have on your list

     

    Learn more about our Retire Smarter Solution™: https://www.truewealthdesign.com/ep-45-retire-smarter-solution/
     
    Have a financial question? Contact us at https://www.truewealthdesign.com/contact/
     
     

    • 30 min
    Ep 102: Interview with Retirement Researcher Dr. David Blanchett Part 2

    Ep 102: Interview with Retirement Researcher Dr. David Blanchett Part 2

    Dr. David Blanchett is Head of Retirement Research formerly at Morningstar and currently at Prudential’s asset management arm PGIM. He is also an adjunct professor at The American College of Financial Services. David has been a voracious and accomplished researcher, being published in a variety of peer-reviewed articles, and receiving many ‘best paper’ awards. Today he conducts research primarily in the areas of financial planning, tax planning, annuities, and retirement.  

    Listen to Kevin and David do a deep dive into key assumptions made in your retirement planning – investment returns, spending assumptions, longevity, and inflation. Learn from David’s original research on retirement spending and how it is likely to decline as you age, including the positive implications it has on your planning. (Hint: you may be able to retire earlier than you think.) 

    Be sure to pay attention to the end where David and Kevin discuss guaranteed income, cryptocurrency, and empirical studies on quantifying the benefits of working with a trustworthy and competent advisor. 

    A big "thank you" to Dr. Blanchett for sharing his research and wisdom.  To read David’s research, visit https://www.davidmblanchett.com/research 



    Learn more about our Retire Smarter Solution™: https://www.truewealthdesign.com/ep-45-retire-smarter-solution/
     
    Have a financial question? Contact us at https://www.truewealthdesign.com/contact/
     
    Key topics on this episode: 
    1:05 - Using the spending data to build a financial plan
    2:47 - Success rate as an outcome metric
    5:27 - Measuring your wants and needs
    9:52 - Building guaranteed income
    14:16 - Annuities
    16:53 - Comparing annuities
    20:21 - His recent paper on cryptocurrency
    22:40 - Recent/current projects
    24:21 - How an advisor adds value
     

    • 27 min
    Ep 101: Interview with Retirement Researcher Dr. David Blanchett Part 1

    Ep 101: Interview with Retirement Researcher Dr. David Blanchett Part 1

    Dr. David Blanchett is Head of Retirement Research formerly at Morningstar and currently at Prudential’s asset management arm PGIM. He is also an adjunct professor at The American College of Financial Services. David has been a voracious and accomplished researcher, being published in a variety of peer-reviewed articles, and receiving many ‘best paper’ awards. Today he conducts research primarily in the areas of financial planning, tax planning, annuities, and retirement.  

    Listen to Kevin and David do a deep dive into key assumptions made in your retirement planning – investment returns, spending assumptions, longevity, and inflation. Learn from David’s original research on retirement spending and how it is likely to decline as you age, including the positive implications it has on your planning. (Hint: you may be able to retire earlier than you think.) 

    Be sure to pay attention to the end where David and Kevin discuss guaranteed income, cryptocurrency, and empirical studies on quantifying the benefits of working with a trustworthy and competent advisor. 

    A big "thank you" to Dr. Blanchett for sharing his research and wisdom.  To read David’s research, visit https://www.davidmblanchett.com/research 



    Learn more about our Retire Smarter Solution™: https://www.truewealthdesign.com/ep-45-retire-smarter-solution/
     
    Have a financial question? Contact us at https://www.truewealthdesign.com/contact/
     
    Key topics in this episode:
    1:11 - Welcome in Dr. David Blanchett
    2:15 - Reviewing his historical papers
    3:39 - Important retirement variables
    5:26 - What are reasonable expected returns?
    9:44 - Building blocks that play into forming expectations
    13:50 - Spending patterns
    16:24 - Spending data and categories
    21:05 - Behavioral aspects of spending

    • 27 min
    Ep 100: Not So Smart Things Even Smart Investors Do

    Ep 100: Not So Smart Things Even Smart Investors Do

    Market downturns elicit emotion. Emotional investors are more apt to make poor investment decisions. Time and again this is proven. Lather. Rinse. Repeat. Or get educated and break the cycle...
     
    Listen to Tyler Emrick, CFA, CFP stand in for Kevin and describe some common behavioral issues even smart investors often must overcome. Got a case of 'get-even-itis' (loss aversion)? Or perhaps a case of 'no-decision-itis (regret aversion)?' Look at an inheritance differently than money you worked for? 
     
    Listen to these and more to be informed and help overcome behavioral hurdles that can harm your wealth. 
     
    What we discuss in this episode: 
    0:36 - Welcome back on Tyler
    2:39 - Our topic today
    5:16 - Mental accounting 
    12:56 - Regret Aversion
    19:07 - Loss Aversion
    26:57 - What steps can you take to improve?
     
     
     
    Read more and get additional financial resources here: https://www.truewealthdesign.com/podcast/ 
     

    • 31 min
    Ep 99: Whoa! Stocks and bonds both going down? What’s going on?

    Ep 99: Whoa! Stocks and bonds both going down? What’s going on?

    2022 has been a bad year for most investors. Both stocks and most bonds are down sharply. You may be wondering why? 
     

    Hear Kevin explain what has been happening in markets with key points related to understanding diversification, risk, and four key economic regimes for investors to balance against. Learn why even a "balanced investor" has 90% of risk coming from one asset class, and why bad behavior is causing severe pain for many return-chasing investors as they go down with the ARKK. 

     

    The egghead alert may sound on this episode, but Kevin will keep things at a high, understandable level at this crucial time.

     

    Learn more about our Retire Smarter Solution™: https://www.truewealthdesign.com/ep-45-retire-smarter-solution/

     

    Listen for these key topics: 

    1:43 - Why we're talking about this 

    3:25 - Emotion creeping in

    5:55 - Don't lose sight of the purpose of the money

    9:30 - So many factors to changing expectations

    10:32 - YTD returns we've seen

    12:24 - Idea of diversification

    16:16 - Recent stock values

    17:45 - ARKK ETF

    21:03 - The investing environment and factors that change it

    23:25 - Risk from stocks vs bonds

    29:02 - What's been working this year?

    33:16 - Takeaways 

     

     

    Read more and get additional financial resources here: https://www.truewealthdesign.com/podcast/ 

    • 40 min

Customer Reviews

4.5 out of 5
22 Ratings

22 Ratings

misterwlb ,

Insider View

I got to know Kevin as a colleague in the financial services industry. Who would I want my wife to seek out if I was no longer able to handle our affairs? It would be Kevin.

He is the best and the brightest. Always to the point and never distracted by the glossy latest products that the industry seems to promulgate.

The podcasts amply demonstrate his knowledge and are an exhibit of a high functioning business. Listen in and you will be drawn to Kevin.

David 1466 ,

Simplicity is Sophisticated

Listening to Kevin describe deep but important financial planning ideas, it becomes obvious his background in physics and math serve him well. However, dear listener, you will be impressed by his ability to teach in a way that is easily understandable and very helpful to your long term financial success! Listen to each episode more than once. It is chock full of wisdom gems!

Dlm4444 ,

Excellent Guidance for all Ages

Kevin and his team consistently provides their current and future clients excellent guidance to make their investing decisions. Kevin never pushes anyone to make a decision, yet guides them based on his wealth of knowledge so the environment he provides his clients is of the best quality. Keep up the amazing work!

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