15 episodes

Retirement planning discussion and education for professional women (and their families) in their 50s and 60s who want to retire on their own terms.

We'll cover Social Security, Medicare, financial planning, investing, and much more.

I invite you to listen and subscribe.

Women's Retirement Radio Russ Thornton, CDFA

    • Investing
    • 5.0, 1 Rating

Retirement planning discussion and education for professional women (and their families) in their 50s and 60s who want to retire on their own terms.

We'll cover Social Security, Medicare, financial planning, investing, and much more.

I invite you to listen and subscribe.

    Rebalancing Your Investments. And Your Financial Plan - Episode 15

    Rebalancing Your Investments. And Your Financial Plan - Episode 15

    Many of you might be familiar with the concept of portfolio rebalancing, or the idea of strategically moving your investments back to their target investment mix - or allocation - from time to time.

    Well, the same holds true not just for your investments, but also for your entire financial plan.

    Things change - with your investments and with your financial plan - because of... life.

    Of course, the market changes too, but we can't control that.

    Which is why it's important to understand the benefits of rebalancing when it makes sense.

    Get in touch and let me know what you think.

    And thank you for listening.

    Visit my website to learn more.

    Disclosures.


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    Send in a voice message: https://anchor.fm/womens-retirement-radio/message

    • 16 min
    The Power of Replacing OR with AND - Episode 14

    The Power of Replacing OR with AND - Episode 14

    In today's episode, I want to introduce the idea of replacing the word "or" with "and" when it comes to certain financial decisions.

    For instance, instead of "invest OR pay off debt", why not "invest AND pay off debt"?

    I provide 2-3 examples, though there are many more.

    Ultimately, rather than trying to simplify and reduce many financial decisions down to "either-or" I think there may some opportunities for you to instead think in terms of "this AND that."

    Get in touch and let me know what you think.

    And thank you for listening.

    Visit my website to learn more.

    Disclosures.


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    Send in a voice message: https://anchor.fm/womens-retirement-radio/message

    • 12 min
    The Upside of a Downturn - Episode 13

    The Upside of a Downturn - Episode 13

    While we're all dealing with the anxiety and increased uncertainty associated with CoVid-19 and the Coronavirus pandemic, I believe there is and will be, a lot of good to come out of this unprecedented time in our lives.

    I'm curious to know what you think... get in touch and let me know.

    Visit my website to learn more.

    Disclosures.


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    Send in a voice message: https://anchor.fm/womens-retirement-radio/message

    • 13 min
    Collaborative Retirement Management: A Better Approach to Retirement Planning - Episode 12

    Collaborative Retirement Management: A Better Approach to Retirement Planning - Episode 12

    Over my 25+ years as a financial advisor, I've given a lot of thought to what I do and how I deliver advice to clients.

    Within the last year or so, I've started to think of and refer to the core of what I do as "Collaborative Retirement Management."

    Clearly, collaboration is a key part of how I work best with clients. You need to be engaged in planning your life and retirement.

    But it's also about the ongoing process of financial planning.

    And the ability to have a flexible mindset.

    It's about appreciating the ability to look at and evaluate different scenarios you may face or simply want to consider.

    Ultimately, it's about giving you sufficient comfort and confidence that you'll be able to retire - and live your life - on your terms.

    Related reading:


    Collaborative Retirement Scenario Management

    Thanks for listening. I invite you to subscribe and share this podcast with your friends and family.

    Visit my website to learn more.

    Disclosures.


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    Send in a voice message: https://anchor.fm/womens-retirement-radio/message

    • 13 min
    You Always Have Choices Even When Times Are Uncertain - Episode 11

    You Always Have Choices Even When Times Are Uncertain - Episode 11

    Despite the recent market volatility and widespread uncertainty associated with the Coronavirus, remember that you always have choices.

    Now, more than ever, I believe it's important to focus on the choices you can control -- not on the news and information which, in addition to appealing to our emotions, is beyond our control.

    For instance, you can always control:


    how much you save vs spend
    how much investment risk you take
    the timing, duration, and frequency of future goals
    and more

    Resources referenced in this episode:


    How I'm Managing My Own Money Through the Crisis
    Understanding Market Downturns

    Thanks for listening. I invite you to subscribe and share this podcast with your friends and family.

    Visit my website to learn more.

    Disclosures.


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    Send in a voice message: https://anchor.fm/womens-retirement-radio/message

    • 19 min
    Your Coronavirus Financial Action Plan - Episode 10

    Your Coronavirus Financial Action Plan - Episode 10

    Personally, I can't help but wonder if the reaction to the Coronavirus, at least here in the U.S., is a little extreme... Of course, I want to preserve lives, but at what point do the preventative measures leave a lasting or permanent negative impact?
    What about potential job losses? Small business having to close their doors? Mental health issues like depression? Or worse?
    I don't know where to draw the line, but it brings to mind the concept of trade-offs, which I've written about before.
    But despite all the uncertainty, and the widespread feelings of helplessness, I want to offer a simple plan of action.
    If you're still working, consider:

    Increasing your retirement plan contribution amount (buying more while the market's down)
    Increasing your other savings, especially prioritizing short-term cash reserves (to give you more flexibility and choice going forward)
    Perhaps shifting your investment portfolio allocation to more stocks (buying more while they're cheaper)
    Evaluating your spending and dividing your expenses into needs, wants and wishes.Then focus on some of the wants and wishes and re-evaluate which can be reduced, deferred, or eliminated, at least for now.

    Talk to your credit card company or other lenders and ask about better terms. They would rather you keep paying them something than have you default on a loan altogether.
    Quit watching the news (and your portfolio). Get on with livin'
    Review and adjust your personal financial plan as necessary. You've got one of those, don't you?
    If you have already met your short-term cash reserves goal (see bullet #2 above), consider investing any extra cash savings over the course of several weeks or months.
    ​Call me if you have questions or would like to discuss anything.
    If you're already retired, consider:

    Increasing your short-term cash reserves (emergency fund) through your cash flow. I'm not recommending that you liquidate part or all of your portfolio.
    A shift of your portfolio to more stocks. This means buying more stocks while they're less expensive. Think of it as buying companies on sale.
    Remember, your portfolio isn't the market. Despite what the Dow Jones or S&P 500 is doing, you're much better diversified and don't own 100% stocks. At least you should be.
    Evaluate your spending and categorize your expenses into needs, wants & wishes. Maybe reduce or eliminate some of your wants & wishes for the time being.Be sure to recognize if you've told yourself a want or wish is really need when perhaps it isn't...

    If you have any debt, talk to your lender(s) to see about negotiating better terms. Many seem open to these discussions at this time. Can't hurt to ask, right?
    Pay attention to the things that matter... your family, friends, health, hobbies, etc.Not the market, news, your portfolio, etc. (remember, your portfolio is there to help you focus on and pursue the things that matter)

    If you have one or more old 401k plans at a prior employer, make sure to revisit them and make sure you're not exposed to more risk than you're comfortable with. Or than you actually need to take.
    Despite current advice of "social distancing" I instead would encourage "physical distancing" while staying connected socially via technology. This can be a simple phone call or video calls with Facetime, Zoom or other tools. If you have questions about how to setup and use any of these, let me know and I'll be happy to help.
    Visit my website to learn more.
    Disclosures.


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    Send in a voice message: https://anchor.fm/womens-retirement-radio/message

    • 23 min

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