111 episodes

I want to help you eliminate the financial risk facing your retirement. No one is exempt. Many well-planned retirements can be ruined due to some risks. This podcast is your tool for the right education to get you not only to retirement, but help you get through retirement. 68% of retirees say their biggest fear is running out of money during the longest self-imposed unemployment time of their life. Let's help you eliminate as much risk as possible.

The Retirement Risk Show Dave Hall, CPA

    • Business
    • 4.5 • 2 Ratings

I want to help you eliminate the financial risk facing your retirement. No one is exempt. Many well-planned retirements can be ruined due to some risks. This podcast is your tool for the right education to get you not only to retirement, but help you get through retirement. 68% of retirees say their biggest fear is running out of money during the longest self-imposed unemployment time of their life. Let's help you eliminate as much risk as possible.

    Part Two: Out with the Old, In with the New Retirement Paradigm with Brian Britt

    Part Two: Out with the Old, In with the New Retirement Paradigm with Brian Britt

    Dave Hall and Brian Britt are back! In this episode, they tackle the ins and outs of the last of the Top Ten Financial Retirement Risks. They cover a wide range of topics, from long-term care challenges and the impact of inflation to the complexities of Medicare and the growing concern of elder abuse. Additionally, they emphasize the significance of income diversity, offering down-to-earth insights to help you safeguard your financial stability during retirement.

    Key Takeaways: 
    1. Long-Term Care Risks: With longer life expectancies, the likelihood of needing long-term care increases, and the financial impact can be significant. It's important to consider how to address and potentially finance long-term care needs in retirement.

    2. Inflation Risk: Inflation can impact retirement finances, and it's essential to consider this when planning for retirement income. Diversifying income sources and exploring instruments that offer lifetime guaranteed income rising with inflation can help mitigate the impact of inflation on retirement income.

    3. Lack of Income Diversity Risk: Relying solely on one source of income or having multiple income sources tied to correlated investments can pose significant risks. Creating a diversified income strategy with sources that are not correlated can help provide stability and flexibility in retirement.
    Support the showFollow us on Instagram: @retirementriskadvisors
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    Follow here for updates on Dave's book and so much more!

    • 24 min
    Part One: Out with the Old, In with the New Retirement Paradigm with Brian Britt

    Part One: Out with the Old, In with the New Retirement Paradigm with Brian Britt

    In our latest installment of the Retirement Risk Show, Dave Hall brings back Brian Britt to delve into the critical topic of retirement planning. They tackle the pivotal shift from the old paradigm of retirement planning to the new, examining the top 10 financial risks individuals encounter during their retirement years. From longevity risk to Social Security risk, tax rate risk, sequence of return risk, and withdrawal rate risk, the conversation offers a serious exploration of the challenges retirees face.

    Key Takeaways: 
    1. New Paradigm of Retirement Planning: Understanding the shift from the old paradigm of retirement planning, which relied heavily on pensions and Social Security, to the new paradigm, which emphasizes the need for comprehensive planning due to longer life expectancies and changes in the financial landscape.

    2. Financial Risks in Retirement: Exploring the top 10 financial risks in retirement, including longevity risk, Social Security risk, tax rate risk, sequence of return risk, and withdrawal rate risk. It’s crucial for retirees to understand and address these risks to ensure a secure retirement.

    3. Diversification and Planning: Highlighting the importance of diversifying between "casino money" (risk assets) and "vault money" (no-risk assets) to mitigate sequence of return risk and emphasizing the need for comprehensive planning that integrates various financial aspects to secure a robust retirement strategy.

    4. Importance of Taking Action and Planning: Encouraging listeners to take proactive steps towards retirement planning, such as mapping out the theoretical workshop of their life, leveraging guaranteed payments for longevity risk, and seeking personalized advice to navigate the complexities of retirement risks and make informed financial decisions.
    Support the showFollow us on Instagram: @retirementriskadvisors
    Like us on Facebook: Retirement Risk Advisors
    Like the show on Facebook: The Retirement Risk Show
    Follow here for updates on Dave's book and so much more!

    • 25 min
    Addressing Elder Financial Abuse: Research and Prevention Tips with Dr. Peter Lichtenberg

    Addressing Elder Financial Abuse: Research and Prevention Tips with Dr. Peter Lichtenberg

    In today's episode, host Dave Hall invites back Dr. Peter Lichtenberg, a renowned expert in the field of elder financial abuse, to shed light on this critical issue. Dr. Lichtenberg, a clinical gyropsychologist, discusses the misappropriation of older adults' funds through theft or scams, shedding light on the alarming increase in financial exploitation across all age groups.
    The conversation delves into the differential impacts of exploitation by a trusted person versus a stranger, highlighting the need for effective prevention programs and the encouraging results of the SAFE program. Dr. Lichtenberg emphasizes the importance of autonomy and understanding in dealing with cognitive dissonance, offering practical advice for caregivers and individuals to navigate these challenging situations.
    Throughout the episode, the discussion also covers the role of AI in perpetuating financial scams, along with valuable insights into reducing stress caused by financial exploitation. If you're looking for resources and tools to address elder financial abuse, Dr. Lichtenberg's website, www.olderadultnestegg.com, offers free information, resources, and training. 
    Support the showFollow us on Instagram: @retirementriskadvisors
    Like us on Facebook: Retirement Risk Advisors
    Like the show on Facebook: The Retirement Risk Show
    Follow here for updates on Dave's book and so much more!

    • 21 min
    The What, When, and How of Social Security Risk

    The What, When, and How of Social Security Risk

    In this episode, the show's host Dave Hall and Social Security expert Alisha Wright explore the intricate risks associated with Social Security. They delve into the complexities of claiming benefits, the potential impact of taxation, and the need to view Social Security as just one piece of the retirement income puzzle. With a focus on providing expert insights, they underscore the upcoming Social Security class and emphasize the importance of seeking professional guidance for making informed decisions. The discussion also includes in-depth responses to audience questions, delving into various scenarios related to Social Security benefits. 

    Key Takeaways: 
    1. Social Security claiming age is crucial; claiming too early can result in reduced benefits, while delaying too long may not yield any additional rewards after age 70.

    2. Social Security is designed to cover only a portion of retirement income needs, approximately 40%, making it essential to have other income sources for a comfortable retirement.

    3. A Social Security Analysis by experts helps in understanding the best claiming strategy, considering factors such as working status, marital situation, and individual financial goals.

    4. Individuals may be eligible to claim benefits off an ex-spouse's work record under specific conditions, even without the ex-spouse's involvement or consent.



    Support the showFollow us on Instagram: @retirementriskadvisors
    Like us on Facebook: Retirement Risk Advisors
    Like the show on Facebook: The Retirement Risk Show
    Follow here for updates on Dave's book and so much more!

    • 24 min
    The Power of Being Your Own Retirement Boss

    The Power of Being Your Own Retirement Boss

    Today, Dave Hall is taking a deep dive into the idea of taking control of your retirement. He's dishing out some valuable insights into the benefits of being in charge, like having more say in your decisions, feeling a deeper sense of satisfaction, and getting the chance to learn from the best in the field. We'll also explore the importance of staying connected and how being the boss can help you secure your legacy. So, kick back, relax, and let's dig into how being at the helm of your retirement can lead to a more fulfilling and successful post-career life!

    Key Takeaways: 
    1. Take control of your retirement: Becoming the boss of your retirement can give you greater control over your financial decisions, leading to a higher chance of success in your retirement years.

    2. Plan for your legacy: By being the boss of your retirement, you have the opportunity to put systems in place that allow for a seamless transition of financial responsibility, ensuring a better future for yourself and the next generation.

    3. Stay connected and continually learn: Taking charge of your retirement allows you to work with experts who can educate you about various retirement topics, keeping you connected with the latest updates and resources to make informed decisions about your finances.
    Support the showFollow us on Instagram: @retirementriskadvisors
    Like us on Facebook: Retirement Risk Advisors
    Like the show on Facebook: The Retirement Risk Show
    Follow here for updates on Dave's book and so much more!

    • 12 min
    Tailoring a Risk-Based Retirement Plan to You

    Tailoring a Risk-Based Retirement Plan to You

    Dave Hall and Christine Lee are here to dive deep into the world of retirement planning. They'll be unpacking the fascinating origins of Retirement Risk Advisors (RRA) and shedding light on the importance of tailoring risk-based retirement plans to suit each individual's unique needs and goals. You'll get to hear firsthand stories from Dave about how RRA came to be, along with insights into the dedicated team that makes it all happen.
    But that's not all – they'll also be sharing their thoughts on the significance of having a retirement protection plan in place. 

    Key Takeaways: 
    1. Tailoring a risk-based retirement plan is crucial for a secure retirement. RRA focuses on customizing financial plans to meet individual needs, rather than a one-size-fits-all approach.

    2. RRA offers comprehensive retirement planning services, including personalized risk assessment, tax optimization, and strategic planning to address various retirement risks. The emphasis is on empowering individuals to make informed decisions and implement customized solutions for long-term financial success.



    Support the showFollow us on Instagram: @retirementriskadvisors
    Like us on Facebook: Retirement Risk Advisors
    Like the show on Facebook: The Retirement Risk Show
    Follow here for updates on Dave's book and so much more!

    • 26 min

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