146 episodes

Weekly financial and retirement planning guidance with Mike Kojenen of Principal Preservation Services. Mike serves western Wisconsin and the Twin Cities areas of Minnesota.

Retirement Reality Podcast Mike Kojonen

    • Business
    • 5.0 • 4 Ratings

Weekly financial and retirement planning guidance with Mike Kojenen of Principal Preservation Services. Mike serves western Wisconsin and the Twin Cities areas of Minnesota.

    Can You Retire on $42/Month?

    Can You Retire on $42/Month?

    Imagine retiring comfortably on just $42 per month—sounds too good to be true, right? Well, it’s exactly the assertion you might have seen in the headline of a recent article online.
     
    Here’s some of what we discuss in this episode:
    Is this article clickbait or is there some value to it?
    Some strategies you need in order to save for retirement.
    What are some realistic savings goals that people should have?
    The role planning plays in helping you reach your goals and save enough money to enjoy retirement.
     
    Read the article: https://www.fool.com/the-ascent/buying-stocks/articles/you-can-retire-on-4167-a-month-if-you-do-these-2-things/
     
    To get in touch with Mike, visit our website: http://principalpreservationservices.com

    • 16 min
    Clearing Up Some Common Financial Half-Truths

    Clearing Up Some Common Financial Half-Truths

    We hear a lot of half-truths in the financial world, not necessarily because people try to make misleading statements, but because sometimes a simple statement just doesn’t quite tell the whole story. Join Mike as he goes over some common financial half-truths to try and help clear some things up and put your mind at ease.
     
    Here’s some of what we discuss in this episode:
    Knowing how much you are paying in fees.
    Weighing whether to invest or finish paying off a low-interest mortgage early.
    Planning for retirement even when you plan to work through your retirement.
    Healthcare needs during retirement.
     
    To get in touch with Mike, visit our website: http://principalpreservationservices.com

    • 20 min
    Take the Fork: Yogi Berra's Wisdom on Making Financial Choices

    Take the Fork: Yogi Berra's Wisdom on Making Financial Choices

    In this episode, we’re diving into some famous words by the one and only Yogi Berra. You might know him for his legendary baseball career, but Yogi was also a goldmine of wisdom. So, what can we learn from Yogi about retirement planning?
     
    Here are some of the quotes we’ll unpack in this episode:
    “I never said most of the things I said.”
    “A nickel ain’t worth a dime anymore.”
    “If you don’t know where you’re going, you might wind up some place else.”
    “The future ain’t what it used to be.”
    "You can observe a lot by watching."
    "It ain't over till it's over."
     
    To get in touch with Mike, visit our website: http://principalpreservationservices.com

    • 16 min
    Retiree Insurance: The Basics You Must Know

    Retiree Insurance: The Basics You Must Know

    What types of coverage should you be considering for your golden years? What do you need to keep in mind as you prep for the transition? We’re going to walk you through the fundamentals in today's episode, covering health insurance, long-term care insurance, life insurance, and more.
     
    Here’s some of the mistakes we discuss in this episode:
    Why your health insurance coverage might change and how can you bridge the gap to Medicare?
    The different parts of Medicare and what it does/doesn’t cover.
    Why you would want to consider long-term care insurance?
    What are the alternatives to LTC insurance?
     
    To get in touch with Mike, visit our website: http://principalpreservationservices.com

    • 25 min
    Mistakes When Choosing A Financial Advisor

    Mistakes When Choosing A Financial Advisor

    In this episode, we’ll uncover the critical mistakes many make when choosing a financial advisor. We're cutting through the noise to highlight what often goes wrong- from misplaced trust in big names to overlooking the fine print. This episode is your essential guide to avoiding those pitfalls and making informed decisions that align with your financial goals.
     
    Here’s some of the mistakes we discuss in this episode:
    Not understanding how the advisor gets paid
    Putting too much trust in a recognizable national brand name
    Not checking credentials or the advisor’s background
    Not covering expectations for communication style & frequency
     
    To get in touch with Mike, visit our website: http://principalpreservationservices.com

    • 22 min
    Expectation vs. Reality: The Truth About Retirement Planning

    Expectation vs. Reality: The Truth About Retirement Planning

    When we think of retirement, we often imagine endless days of relaxation, travel, and leisure. But how much of this is a dream versus reality? Today, we'll explore why a realistic approach to retirement, inclusive of financial planning and the potential for unexpected challenges, is crucial.
     
    Here’s some of what we discuss in this episode:
    Understanding what retirement will realistically look like for you and planning accordingly
    Accounting for changing expenses, from health insurance to cell phone bills
    Being ready to adjust your plan in response to market volatility, health changes, and inflation
    Not being too proud to get help when it comes to your finances
     
    To get in touch with Mike, visit our website: http://principalpreservationservices.com
     

    • 18 min

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