1,164 episodes

Planning for retirement can be confusing. Ashley makes it simpler! Every day, you'll receive quick, actionable ideas to help you on your path to retirement.

Disclosure: https://drive.google.com/open?id=149ZdPZDQsnmXXslZ2j1TIEjP8i_BODi8

Retirement Quick Tips with Ashley Ashley Micciche

    • Business
    • 4.9 • 16 Ratings

Planning for retirement can be confusing. Ashley makes it simpler! Every day, you'll receive quick, actionable ideas to help you on your path to retirement.

Disclosure: https://drive.google.com/open?id=149ZdPZDQsnmXXslZ2j1TIEjP8i_BODi8

    Involve Your Spouse In Meetings With Key Advisors

    Involve Your Spouse In Meetings With Key Advisors

    The theme this week on the Retirement Quick Tips Podcast is: How To Include Your Spouse In Financial Decisions
    Today, I’m talking about the importance of involving both spouses in every planning meeting with your key advisors (financial advisor, tax advisor, attorney, banker, mortgage lender, insurance agent) 
    Why: 
    Build relationships and trust with your family’s advisors Know who to turn to when they need help down the road Can better understand your income and tax situation Can have a say in and a sense of control on how your investments are managed, since you’re likely to have 2 different appetites for risk.  Estate planning - this is key! Values and discussions about children, grandchildren, inherited wealth, beneficiaries, restricting access, designating an executor…all decisions that need to be made together That’s it for today. Thanks for listening! My name is Ashley Micciche and this is the Retirement Quick Tips podcast. 
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    >>> Subscribe on Apple Podcasts: https://apple.co/2DI2LSP
    >>> Subscribe on Amazon Alexa: https://amzn.to/2xRKrCs
    >>> Visit the podcast page: https://truenorthra.com/podcast/ 
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    Tags: retirement, investing, money, finance, financial planning, retirement planning, saving money, personal finance

    • 4 min
    Giving Both Spouses The Bank Account Login

    Giving Both Spouses The Bank Account Login

    The theme this week on the Retirement Quick Tips Podcast is: How To Include Your Spouse In Financial Decisions
    Yesterday, I talked about the importance of reviewing your current balance sheet with your spouse, which at the highest level includes Today, I’m talking about how important it is to make sure both you and your spouse know how to log in to all of your financial accounts and pay bills…while you’re at it, make sure that your spouse knows the process for how you pay bills and which bills are paid from which accounts. 
    With so many of us paying bills automatically or online and going paperless, how would your spouse know which bills need to be paid or how to pay the mortgage if something happened to you? That’s why the financial inventory is critical, but also why it’s important to make sure your spouse knows how to login to each of your bank accounts, credit card accounts, and investment accounts. Etc. 
    Some accounts allow for multiple users Others you may need to provide access another way, i.e. Last Pass (explain) Taking inventory or going through the tedious process of providing access to 10 or more accounts should be a red flag that you have too many accounts in too many places. At most, I recommend: 1 bank, 1 financial institution for your investments aside from your current workplace retirement plan, no more than 2-3 credit cards. This cuts down on the account clutter. Don’t make your spouse deal with your mish mash of accounts spread out all over the place. That’s pointless and stressful, and you don’t want them to deal with that in a stressful situation or when they’re older and unable to manage all of those different accounts. You may be able to deal with it, but that’s because you’re used to it.  That’s it for today. Thanks for listening! My name is Ashley Micciche and this is the Retirement Quick Tips podcast. 
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    >>> Subscribe on Apple Podcasts: https://apple.co/2DI2LSP
    >>> Subscribe on Amazon Alexa: https://amzn.to/2xRKrCs
    >>> Visit the podcast page: https://truenorthra.com/podcast/ 
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    Tags: retirement, investing, money, finance, financial planning, retirement planning, saving money, personal finance

    • 5 min
    Couples & Money: Create A Financial Inventory

    Couples & Money: Create A Financial Inventory

    The theme this week on the Retirement Quick Tips Podcast is: How To Include Your Spouse In Financial Decisions
    Today, I’m talking about the importance of creating a financial inventory.
    This is critical for reducing stress and further financial damage if you die unexpectedly. Here’s how you create a financial inventory
    List all of your accounts and a few high level details You don’t need to include all the details. Where is the checking account held? What’s the last 4 of the account number? Which branch or name of the banker who can help? How much is in there currently?  You do this for bank accounts, credit cards, investment account statements, mortgage statements, insurance policies. Basically, any asset you have, any debt you have, every credit card should all have a line item listing on this inventory list The goal is to give your spouse a complete picture of where the assets are held. Review this and update annually with your spouse. Let them know where to find a copy, then importantly, give a copy to your trusted advisors  That’s it for today. Thanks for listening! My name is Ashley Micciche and this is the Retirement Quick Tips podcast. 
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    >>> Subscribe on Apple Podcasts: https://apple.co/2DI2LSP
    >>> Subscribe on Amazon Alexa: https://amzn.to/2xRKrCs
    >>> Visit the podcast page: https://truenorthra.com/podcast/ 
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    Tags: retirement, investing, money, finance, financial planning, retirement planning, saving money, personal finance

    • 4 min
    How To Include Your Spouse In Financial Decisions

    How To Include Your Spouse In Financial Decisions

    Welcome to a new week here on the Retirement Quick Tips podcast. I’m your host Ashley Micciche, co-owner of True North Retirement Advisors, an independent financial advisory practice managing $340 million in client assets. I’m a Chartered Retirement Planning Counselor, and I started this podcast because I love helping people just like you gain clarity and make a plan for the retirement you envision. 
    The theme this week on the podcast is: How To Include Your Spouse In Financial Decisions
    There’s a lot of information out there on what to do when you first get married and combine your finances. But what about couples who are nearing retirement, who may at this point have been married for 20-30+ years and are set in their patterns and routines when it comes to managing the household finances. 
    Are the patterns that we’re settled in after many years together problematic for managing your finances as a couple as you get older? Not necessarily, but if you’re doing it right, managing the household finances is kind of a big job. There’s everything to making sure the utility bills and property taxes get paid to keeping track of money coming in and out, doing your taxes, making decisions about your investments…even couples who are good with their money are often setting themselves up for future catastrophes, or at the very least, future stress and headaches.
    That’s because when it comes to finances, it’s most often that only one spouse, not both spouses have a good understanding of the household finances. In many cases, one spouse may not even know which credit card bills need to be paid this month and wouldn’t have the faintest clue about how to file a tax return. 
    This, of course, can be problematic when the financial guru in the marriage becomes disabled, loses their mental faculties, or dies first. I see this often with older couples, so this week, I’m going to share with you how you can involve your spouse in key financial decisions that will give them some insight to how the household finances function. Everything from creating a master list of your financial accounts, to reviewing your tax return, to ensuring that both of you always participate in meetings with your key advisors.
    I hope what I have to share with you this week will help you make smart and thoughtful decisions with your retirement. And while I am careful to not lead you astray, personal finance is not an exact science. There is no one-size-fits-all solution for everyone, so I encourage you to disregard anything I say that may not be helpful for you, and to consult your own financial, tax, and legal advisors regarding your own individual situation. 
    That’s it for today. Thanks for listening! I’m excited to dive deeper into this week’s theme with you! My name is Ashley Micciche...and this is the Retirement Quick Tips podcast.
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    >>> Subscribe on Apple Podcasts: https://apple.co/2DI2LSP
    >>> Subscribe on Amazon Alexa: https://amzn.to/2xRKrCs
    >>> Visit the podcast page: https://truenorthra.com/podcast/ 
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    Tags: retirement, investing, money, finance, financial planning, retirement planning, saving money, personal finance

    • 5 min
    Why Your Stock Portfolio Is More Risky Than You Think | Recap

    Why Your Stock Portfolio Is More Risky Than You Think | Recap

    It’s Sunday, which means...it’s recap time here on the Retirement Quick Tips Podcast
    This week the theme was: Why Your Stock Portfolio Is More Risky Than You Think
    In case you missed any episodes, here’s what we covered this week: I talked about the recent milestone with Apple hitting the $3 trillion milestone, and how concentrated the stock market is - with 25% of the stock market made up of just a handful of mostly tech stocks. I also covered why this concentration is worrisome now, and the consequences of the potential fallout. And lastly I talked about how to find out how concentrated your portfolio is and how much is too much in any one stock or industry. 
    The most important takeaway from this week is to realize that your portfolio may be more concentrated than you realize and that as time goes on without rebalancing and reducing that concentration, the more susceptible your portfolio is to inevitable corrections and a reversion to the mean. So take the time to find out how diversified your portfolio really is and take steps to rebalance and reduce that risk. 
    Tomorrow, come on back, because we’re starting a brand new theme: how to include your spouse in financial decisions.
    For most couples, it’s usually one spouse who makes most of the financial decisions, pays the bills, does your taxes, and makes all of the investment decisions. And there’s nothing wrong with that, but there are definitely important conversations that spouses need to have and decisions that need to be made together as a couple. Too often, 1 spouse is left in the dark when it comes to finances, so next week I’ll share with you some tips on how you can talk about your retirement and finances and make better decisions…together as a couple! 
    Thank you so much for listening this week! If this podcast is valuable for you (and hopefully it is otherwise you wouldn’t be listening), please share the show with a friend, a neighbor, your brother, or co-worker who is getting close to retirement. Just go to your favorite podcasting app, hit the share icon, then text or email the show link to someone you know who is eyeing retirement. 
    Thanks for sharing the love and spreading the word. I hope you have a blessed Sunday. My name is Ashley Micciche, this is the Retirement Quick Tips Podcast.
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    >>> Subscribe on Apple Podcasts: https://apple.co/2DI2LSP
    >>> Subscribe on Amazon Alexa: https://amzn.to/2xRKrCs
    >>> Visit the podcast page: https://truenorthra.com/podcast/ 
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    Tags: retirement, investing, money, finance, financial planning, retirement planning, saving money, personal finance

    • 4 min
    Is Your Portfolio Too Concentrated?

    Is Your Portfolio Too Concentrated?

    The theme this week on the Retirement Quick Tips Podcast is: Why Your Stock Portfolio Is More Risky Than You Think.
    Yesterday, I talked about how to determine how concentrated your portfolio is, if you have any red flags with too much invested in any one stock or any one industry. 
    Today, I’m talking about how you can use that information to determine if any changes to your portfolio need to be made to reduce your risk. 
    How much is too much in any one stock or industry? It’s an important question and one that I learned to implement when I was still cutting my teeth as a baby advisor. 
    When you think about diversification, it means having the right amount of stocks, bonds, and cash, but within the stock allocation, diversification goes much deeper. You’ll want to have a good mix of large and small stocks, have international diversification, as well as diversification across different industries. 
    So if you have too much invested in any one stock or industry, it introduces an added layer of risk, but it also prevents you from investing in other areas that are important for maintaining proper diversification. 
    Back to the question of how much is too much in one stock or industry? There isn’t a one-size-fits all answer here, but generally, no more than 10% of your portfolio should be invested in any one stock and no more than 20% should be invested in any one industry. 
    If your concentrations are higher than that, you’ll want to make a plan for reducing your stock and industry allocations so you can better diversify your portfolio and reduce your risk. 
    That’s it for today. Thanks for listening! My name is Ashley Micciche and this is the Retirement Quick Tips podcast.
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    >>> Subscribe on Apple Podcasts: https://apple.co/2DI2LSP
    >>> Subscribe on Amazon Alexa: https://amzn.to/2xRKrCs
    >>> Visit the podcast page: https://truenorthra.com/podcast/ 
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    Tags: retirement, investing, money, finance, financial planning, retirement planning, saving money, personal finance

    • 3 min

Customer Reviews

4.9 out of 5
16 Ratings

16 Ratings

Stevadores ,

Best advice available

Ashley provides easily understood and practical retirement advice. She covers a variety of topics that are helpful in retirement planning. I am a recently retired financial professional. I’ve heard a lot of advice through the years and have the ability to filter the good from the bad. Ashley’s advice is the best I’ve heard anywhere, bar none.

Cpiepdreamer ,

Love these tips!

Ashley gives us practical common sense tips for everyday retirement planning. These tips are not foreign to many of us. We just tend to forget and get catch up in everyday living that we don’t put them into practice. Thanks Ashley for being our voice of reason!

Goodliest ,

Love these tips

Ashley brings new and interesting retirement gems each week. Every once in a while she’ll offer to send additional material ... so I just received my “ age based asset allocation cheat sheet.” I have Ashley enabled in Alexa but I also I like that I can listen any time to any episode via Apple podcasts because sometimes an entire day goes by and I’ve forgotten to ask Alexa to give me my news!

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