Your Family And Your Retirement Abe Ashton

Summary The conversation discusses the concept of retirement planning and the different categories of making a plan for retirement. It emphasizes the importance of not losing money, reducing taxes, and achieving the best rate of return. The conversation also explores the unique plans individuals have for their retirement, such as travel, home improvements, and buying new cars. Factors like healthcare, long-term care, and the potential collapse of the dollar are also considered in creating a personalized retirement plan. The conversation concludes by suggesting a balanced approach of preparing for unlikely scenarios while focusing on conventional wisdom and strategies that have worked in the past.

Summary Wall Street analysts and stockbrokers often advise investors to hang in there and ride out market downturns. However, this advice may not be comforting for retirees who are pulling money from accounts that are losing value. It is important for investors to protect their capital during downturns and consider alternative strategies. This conversation explores the idea of revisiting investment strategies and seeking a second opinion from financial advisors. The hosts discuss the definition of a recession and how individuals can navigate personal economic challenges. They also highlight potential triggers for an economic downturn, such as market decline, inflation, and political factors.

discusses two main themes: the impact of taking a job while receiving Social Security benefits and the challenges and considerations of grandparents providing daycare for their grandchildren. The conversation highlights the limits and penalties for earning income while receiving Social Security benefits and explains how individuals can turn off their benefits temporarily if they exceed the income limits. It also emphasizes the importance of setting healthy expectations and boundaries when providing childcare for grandchildren and offers advice on financial planning for grandparents in this situation.

The conversation revolves around the idea of living vicariously through clients' experiences and the unexpected aspects of being a financial planner. The main themes include retirement, travel, and dealing with death. The hosts discuss the joy of hearing clients' stories about vacations and the desire to experience those adventures. They also touch on the surprising side effect of being a financial planner, which is talking about death and end-of-life planning. The conversation highlights the importance of experience and how it shapes one's perspective on life and work.

The conversation covers the topics of customer service, budgeting, retirement planning, risk assessment, and portfolio analysis. It explores the parallels between Chick-fil-A's customer service approach and financial advisory services, emphasizing the importance of understanding client needs and providing tailored solutions.

Inflation is clearly an issue we're going to be dealing with heading into retirement. Abe Ashton explains how he helps his clients plan for changes while maintaining their lifestyle and checking off their goals for retirement. 

 As the founder of Ashton and Associates, Abe Ashton has more than 20 years of financial planning experience helping thousands of families in Utah, Nevada, and across the country retire with confidence. Abe’s mission is to provide client-focused education and solutions to seniors and retirees, that help them achieve the retirement they’ve worked so hard for.

To get more information on Ashton & Associates, or to schedule a consultation call, 435-688-9500 or visit AshtonWealth.com
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