Join us on “The Healthy & Wealthy Retirement” podcast as Certified Retirement Counselor Mark Struthers takes a holistic approach to retirement. Going Beyond Finances and Embracing Holistic Well-being. Whether you’re approaching retirement age or already enjoying your golden years, our expert guests will share practical advice, inspiring stories, and actionable strategies. We cover everything from optimizing your health and wellness to managing your investments. Get ready to unlock the secrets to a vibrant and prosperous retirement! Remember, retirement isn’t just about financial planning—it’s about living your best life. Tune in to “The Healthy & Wealthy Retirement,” which will address not only the Financial but also the Social, Physical, and Emotional aspects of retirement. Everything you need for a Healthier, Wealthier, and Happier retirement.
Episodes
Friday Dec 27, 2024
Friday Dec 27, 2024
Summary
In this conversation, Mark Struthers discusses the multifaceted nature of retirement planning, emphasizing the importance of understanding and managing various risks associated with retirement. He highlights the significance of holistic well-being, addressing not only financial aspects but also social, physical, and emotional factors. Struthers elaborates on different types of risks, including health, career, inflation, investment, and longevity risks, and offers insights on how to navigate these challenges effectively. He advocates for a proactive approach to risk management, encouraging individuals to understand potential outcomes and embrace the risks necessary for achieving a fulfilling retirement.
Takeaways
-Retirement planning should encompass holistic well-being.
-Understanding risks is crucial for a successful retirement.
-Health risks increase as we age and need to be managed.
-Inflation poses a significant risk to retirement savings.
-Investment risks can be mitigated with proper planning.
-Longevity risk is a growing concern for retirees.
-Knowledge about risks empowers better decision-making.
-Proactive risk management can lead to a happier retirement.
-Embracing risk can provide inflation-adjusted returns.
-A balanced approach to risk can enhance retirement quality.
Chapters
00:00 Introduction to Holistic Retirement Planning
01:03 Understanding Risks in Retirement
03:49 Navigating Financial Risks
06:47 Embracing and Managing Risk for a Better Retirement
Curious about working with Mark:
https://www.videoask.com/fd9svtp2l
www.SonaWealthAdvisors.com
Disclosure:
Investment advisory services are offered through Sona Financial LLC (DBA Sona Wealth Advisors, Sona Wealth, Sona Wealth Management), an investment adviser registered in the state of MN. Sona Financial only offers investment advisory services where it is appropriately registered or exempt from registration and only after clients have entered into an investment advisory agreement confirming the terms of engagement and have been provided a copy of the firm’s ADV Part 2A brochure and document.
This video or article is for educational purposes only and is not exhaustive. Nothing discussed during this show/episode should be viewed as investment advice. Diversification and/or any strategy that may be discussed does not guarantee against investment losses but is intended to help manage risk and return. If applicable, historical discussions and/or opinions are not predictive of future events. The content is presented in good faith and has been drawn from sources believed to be reliable. The content is not intended to be legal, tax, or financial advice. Please consult a legal, tax, or financial professional for information specific to your individual situation.
This content has not been reviewed by FINRA.
Saturday Dec 21, 2024
Saturday Dec 21, 2024
In this episode of Healthy and Wealthy Retirement, certified retirement counselor Mark Struthers delves into the often-overlooked topic of 72T, a strategy for accessing funds within a traditional IRA without penalties. Mark explains the intricacies and challenges associated with Substantially Equal Periodic Payments (SEPP), highlighting how this approach compares to other methods like the Rule of 55 or Roth conversions.
Mark provides insights into the three methods of calculating withdrawals, emphasizing the importance of precise financial planning and the potential risks involved. He guides listeners on how to strategically manage their IRA funds with SEPP to avoid pitfalls such as retroactive penalties and liability for back taxes. Discover how this financial tactic may fit into your broader retirement strategy for a healthier, wealthier, and happier retirement.
Curious about working with Mark:
https://www.videoask.com/fd9svtp2l
www.SonaWealthAdvisors.com
Disclosure:
Investment advisory services are offered through Sona Financial LLC (DBA Sona Wealth Advisors, Sona Wealth, Sona Wealth Management), an investment adviser registered in the state of MN. Sona Financial only offers investment advisory services where it is appropriately registered or exempt from registration and only after clients have entered into an investment advisory agreement confirming the terms of engagement and have been provided a copy of the firm’s ADV Part 2A brochure and document.
This video or article is for educational purposes only and is not exhaustive. Nothing discussed during this show/episode should be viewed as investment advice. Diversification and/or any strategy that may be discussed does not guarantee against investment losses but is intended to help manage risk and return. If applicable, historical discussions and/or opinions are not predictive of future events. The content is presented in good faith and has been drawn from sources believed to be reliable. The content is not intended to be legal, tax, or financial advice. Please consult a legal, tax, or financial professional for information specific to your individual situation.
This content has not been reviewed by FINRA
Tuesday Dec 17, 2024
Tuesday Dec 17, 2024
Join Certified Retirement Counselor Mark Struthers on the 'Healthy and Wealthy Retirement' podcast as he sheds light on the complexities of permanent insurance, specifically focusing on Index Universal Life. Discover the hidden trade-offs and alternatives your insurance agent might not mention, as Mark guides you through making informed decisions.
Understand the significance of asking essential questions and knowing what you're insuring so it aligns with your financial plan. Whether your aim is to invest or support your family, gain insights into the possible advantages and disadvantages of these insurance products, enabling you to create a healthier, wealthier, and more fulfilling retirement journey.
Subscribe now to stay informed and make educated choices for your retirement journey.
- Always ask, 'What am I insuring?'
- Permanent insurance can be more expensive than term insurance.
- Tax-deferred growth and tax-free withdrawals are significant benefits.
- Understand the trade-offs between insurance and investment.
- Inflation can erode the purchasing power of your death benefit.
- Evaluate the alternatives to permanent insurance, like term insurance.
- Financial planning should consider long-term income needs in retirement.
- Be cautious of the sales pitches surrounding insurance products.
- Make informed decisions about keeping or getting rid of insurance policies.
- Integrate insurance into your overall financial strategy.
- "What am I insuring?"
- "You will never get the index."
- "Be aware of the trade-offs."
Investment advisory services are offered through Sona Financial LLC (DBA Sona Wealth Advisors, Sona Wealth, Sona Wealth Management), an investment adviser registered in the state of MN. Sona Financial only offers investment advisory services where it is appropriately registered or exempt from registration and only after clients have entered into an investment advisory agreement confirming the terms of engagement and have been provided a copy of the firm’s ADV Part 2A brochure and document.
This video or article is for educational purposes only and is not exhaustive. Nothing discussed during this show/episode should be viewed as investment advice. Diversification and/or any strategy that may be discussed does not guarantee against investment losses but is intended to help manage risk and return. If applicable, historical discussions and/or opinions are not predictive of future events. The content is presented in good faith and has been drawn from sources believed to be reliable. The content is not intended to be legal, tax, or financial advice. Please consult a legal, tax, or financial professional for information specific to your individual situation.
This content has not been reviewed by FINRA
Tuesday Dec 03, 2024
Tuesday Dec 03, 2024
Welcome to the latest episode of The Healthy and Wealthy Retirement with certified retirement counselor, Mark Struthers. In this Thanksgiving special, Mark delves into the intriguing world of mortgage interest rates and their unexpected rise. He provides insights into how political events, particularly elections, can significantly impact financial markets, including mortgage and treasury rates.
Mark discusses the surprising upward trajectory of mortgage rates following political developments, and how this affects first-time home buyers and existing property owners. Amidst the complexities of debt, deficit, and market speculation, he offers a clear perspective on what retirees should consider for a financially secure future.
Join us as we explore the intersection of politics, economy, and personal finance, ensuring your retirement plan not only accounts for financial stability but also embraces holistic well-being for a healthier, wealthier, and happier life. Tune in for expert advice on securing your dream retirement amidst changing economic landscapes.
Curious about working with Mark:
🔗 https://www.videoask.com/fd9svtp2l
www.SonaWealthAdvisors.com
Disclosure
Investment advisory services are offered through Sona Financial LLC (DBA Sona Wealth Advisors, Sona Wealth, Sona Wealth Management), an investment adviser registered in the state of MN. Sona Financial only offers investment advisory services where it is appropriately registered or exempt from registration and only after clients have entered into an investment advisory agreement confirming the terms of engagement and have been provided a copy of the firm’s ADV Part 2A brochure and document.
This video or article is for educational purposes only and is not exhaustive. Nothing discussed during this show/episode should be viewed as investment advice. Diversification and/or any strategy that may be discussed does not guarantee against investment losses but is intended to help manage risk and return. If applicable, historical discussions and/or opinions are not predictive of future events. The content is presented in good faith and has been drawn from sources believed to be reliable. The content is not intended to be legal, tax, or financial advice. Please consult a legal, tax, or financial professional for information specific to your individual situation.
This content has not been reviewed by FINRA
Tuesday Nov 19, 2024
Tuesday Nov 19, 2024
In this episode of "Healthier and Wealthy Retirement," host Mark Struthers delves into the pressing issue of the "Failure to Launch" phenomenon, inspired by a Bloomberg Wealth article. With U.S. parents spending an astounding $500 billion annually on their adult children, Mark explores the financial strain this places on retirement savings and the broader implications for both parents and their grown-up kids.
Mark discusses the cultural and economic factors contributing to this trend, including the impact of student loan debt, affordable housing, and the pandemic. He emphasizes the importance of equipping young adults with essential life skills such as finding purpose, developing administrative responsibilities, and cultivating interdependence.
Drawing on insights from the book Failure to Launch: Why Your 20-Something Hasn't Grown Up and What to Do About It, Mark offers practical advice for parents on helping their children achieve independence while safeguarding their own financial future. Tune in for a thoughtful discussion on balancing support for your children with planning for a prosperous retirement.
Curious about working with Mark:
🔗 https://www.videoask.com/fd9svtp2l
www.SonaWealthAdvisors.com
Disclosure
Investment advisory services are offered through Sona Financial LLC (DBA Sona Wealth Advisors, Sona Wealth, Sona Wealth Management), an investment adviser registered in the state of MN. Sona Financial only offers investment advisory services where it is appropriately registered or exempt from registration and only after clients have entered into an investment advisory agreement confirming the terms of engagement and have been provided a copy of the firm’s ADV Part 2A brochure and document.
This video or article is for educational purposes only and is not exhaustive. Nothing discussed during this show/episode should be viewed as investment advice. Diversification and/or any strategy that may be discussed does not guarantee against investment losses but is intended to help manage risk and return. If applicable, historical discussions and/or opinions are not predictive of future events. The content is presented in good faith and has been drawn from sources believed to be reliable. The content is not intended to be legal, tax, or financial advice. Please consult a legal, tax, or financial professional for information specific to your individual situation.
This content has not been reviewed by FINRA
Wednesday Oct 30, 2024
Wednesday Oct 30, 2024
Welcome to the inaugural episode of "Healthy and Wealthy Retirement" with your host, Mark Struthers. Join us as we explore the multi-faceted journey of retirement beyond financial planning, emphasizing holistic well-being. Mark shares his vision for the podcast, inspired by his extensive experience in the financial industry and personal insights into the broader aspects of a fulfilling retirement.
In this episode, Mark introduces Alara Rosenberg, a holistic, non-financial retirement coach and founder of AlignRx. They delve into the crucial elements of a rewarding retirement, focusing on purpose, identity, and social connections, often overlooked in traditional retirement planning.
Alara shares her unique "Purpose and Legacy Framework," a comprehensive program designed to guide retirees through a transformative journey of self-discovery and purposeful living. With insights drawn from her diverse background in education and adventure-based counseling, Alara emphasizes the importance of a well-rounded approach to retirement, addressing emotional, spiritual, and physical well-being.
Tune in to discover how embracing a holistic perspective can lead to a more meaningful and joyful retirement and learn practical strategies to overcome common obstacles faced by retirees. Whether you're a retiree or a financial advisor, this episode offers valuable insights to help navigate the complexities of this life transition.
How to contact Alara: https://www.alignrxcoaching.com
Insta: @alignrxcoaching
Chapters
00:00 Introduction to Healthy and Wealthy Retirement Podcast
02:55 The Journey to Non-Financial Retirement Coaching
05:59 The Importance of Holistic Approaches in Retirement
08:59 Aha Moments in Career Transitions
12:08 Understanding Loneliness and Social Connections in Retirement
15:09 The Purpose and Legacy Framework Explained
18:09 Rediscovering Purpose and Passion in Retirement
20:50 Overcoming Limiting Beliefs About Aging
23:53 Creating a Meaningful Legacy in Retirement
25:59 Reflecting on Legacy and Intentional Living
30:39 Overcoming Obstacles in Retirement Planning
34:48 Identity Shift in Retirement
37:46 Coaching Programs and Community Support
41:31 Integrating Financial and Non-Financial Planning
Disclosure-
Investment advisory services are offered through Sona Financial LLC (DBA Sona Wealth Advisors, Sona Wealth, Sona Wealth Management), an investment adviser registered in the state of MN. Sona Financial only offers investment advisory services where it is appropriately registered or exempt from registration and only after clients have entered into an investment advisory agreement confirming the terms of engagement and have been provided a copy of the firm’s ADV Part 2A brochure and document.
This video or article is for educational purposes only and is not exhaustive. Nothing discussed during this show/episode should be viewed as investment advice. Diversification and/or any strategy that may be discussed does not guarantee against investment losses but is intended to help manage risk and return. If applicable, historical discussions and/or opinions are not predictive of future events. The content is presented in good faith and has been drawn from sources believed to be reliable. The content is not intended to be legal, tax, or financial advice. Please consult a legal, tax, or financial professional for information specific to your individual situation.
This content has not been reviewed by FINRA
Thursday Oct 03, 2024
Thursday Oct 03, 2024
In this episode of "Healthy and Wealthy Retirement," certified retirement counselor Mark Struthers discusses the importance of recalibrating your approach to retirement in light of recent economic changes. With a focus on holistic well-being, Mark explores how the recent Fed conference and interest rate adjustments influence retirement planning.
Mark delves into four key areas to recalibrate: mindset, portfolio, emergency fund, and use of debt. He emphasizes the need to shift your mindset regarding inflation and recession probabilities, suggesting that lower inflation and interest rates could be on the horizon. He also highlights the significance of adjusting your investment portfolio, particularly in fixed income and equities, to align with these economic shifts.
Additionally, Mark discusses the impact of changing interest rates on mortgage use and debt management, advising listeners to reassess their financial strategies. By recalibrating these crucial aspects of your retirement plan, you can ensure a healthier, wealthier, and happier retirement. Tune in for expert insights and actionable advice to optimize your financial future.
Investment advisory services are offered through Sona Financial LLC (DBA Sona Wealth Advisors, Sona Wealth, Sona Wealth Management), an investment adviser registered in the state of MN. Sona Financial only offers investment advisory services where it is appropriately registered or exempt from registration and only after clients have entered into an investment advisory agreement confirming the terms of engagement and have been provided a copy of the firm’s ADV Part 2A brochure and document.
Discolsure
This video or article is for educational purposes only and is not exhaustive. Nothing discussed during this show/episode should be viewed as investment advice. Diversification and/or any strategy that may be discussed does not guarantee against investment losses but is intended to help manage risk and return. If applicable, historical discussions and/or opinions are not predictive of future events. The content is presented in good faith and has been drawn from sources believed to be reliable. The content is not intended to be legal, tax, or financial advice. Please consult a legal, tax, or financial professional for information specific to your individual situation.
This content has not been reviewed by FINRA
Wednesday Sep 18, 2024
Wednesday Sep 18, 2024
Welcome to another episode of the Healthy and Wealthy Retirement, hosted by certified retirement counselor, Mark Struthers. In this episode, Mark introduces a unique setting featuring his son, Will, to demonstrate the concept of "big rock, little rock" financial and retirement planning.
Mark discusses how prioritizing important financial goals can lead to a healthier, wealthier, and happier retirement. Through a practical demonstration with rocks of varying sizes, they illustrate the significance of addressing critical financial needs like retirement funds, emergency funds, housing, and education before focusing on smaller, less critical expenses.
This episode serves as a valuable guide for anyone feeling overwhelmed by financial pressures, providing a clear and engaging method for managing and prioritizing financial resources effectively. Join Mark and Will in this insightful session and learn how to fit all your financial goals into your "jar" efficiently. Don't forget to hit subscribe for more tips on achieving a holistic and fulfilling retirement!
Mark talks big-rock, little-rock in MarketWatch:
Disclosure-
Investment advisory services are offered through Sona Financial LLC (DBA Sona Wealth Advisors, Sona Wealth, Sona Wealth Management), an investment adviser registered in the state of MN. Sona Financial only offers investment advisory services where it is appropriately registered or exempt from registration and only after clients have entered into an investment advisory agreement confirming the terms of engagement and have been provided a copy of the firm’s ADV Part 2A brochure and document.
This video is for educational purposes only and is not exhaustive. Nothing discussed during this show/episode should be viewed as investment advice. Diversification and/or any strategy that may be discussed does not guarantee against investment losses but is intended to help manage risk and return. If applicable, historical discussions and/or opinions are not predictive of future events. The content is presented in good faith and has been drawn from sources believed to be reliable. The content is not intended to be legal, tax, or financial advice. Please consult a legal, tax, or financial professional for information specific to your individual situation.
This content has not been reviewed by FINRA.
www.SonaWealthAdvisors.com
Saturday Sep 14, 2024
Saturday Sep 14, 2024
Welcome to the Healthy and Wealthy Retirement, where your certified retirement counselor, Mark Struthers, takes a holistic approach to retirement, going beyond finances and embracing holistic well-being. This YouTube channel will address everything you need for a healthier, a wealthier, and a happier retirement.
In today's episode, Mark Struthers discusses the recent market volatility and provides three reasons why it might not be over yet. He delves into the Japanese carry trade, Japan's government policies, and the potential sensitivity of the market to short-term data points as interest rates start to normalize.
Mark explains the implications of these factors on your investment strategy and offers practical advice on how to prepare your portfolio. Whether you're nearing retirement or already retired, his insights can help you navigate these uncertain times and maintain a stable financial outlook.
Join Mark as he guides you through understanding the current market dynamics and how to make informed decisions to ensure a healthier, wealthier, and happier retirement. Don't forget to hit subscribe to stay updated with more valuable content.
Disclosure-
Investment advisory services are offered through Sona Financial LLC (DBA Sona Wealth Advisors, Sona Wealth, Sona Wealth Management), an investment adviser registered in the state of MN. Sona Financial only offers investment advisory services where it is appropriately registered or exempt from registration and only after clients have entered into an investment advisory agreement confirming the terms of engagement and have been provided a copy of the firm’s ADV Part 2A brochure and document.
This video is for educational purposes only and is not exhaustive. Nothing discussed during this show/episode should be viewed as investment advice. Diversification and/or any strategy that may be discussed does not guarantee against investment losses but is intended to help manage risk and return. If applicable, historical discussions and/or opinions are not predictive of future events. The content is presented in good faith and has been drawn from sources believed to be reliable. The content is not intended to be legal, tax, or financial advice. Please consult a legal, tax, or financial professional for information specific to your individual situation.
This content has not been reviewed by FINRA
Saturday Sep 14, 2024
Saturday Sep 14, 2024
Welcome to The Healthy and Wealthy Retirement with your host, Mark Struthers! In this episode, Mark dives deep into the intricacies of the Mega Backdoor Roth, a powerful tool for maximizing your retirement savings.
Discover how this strategy works within your 401k plan, the significant financial benefits it offers, and the key rules and limits you need to know. Whether you’re in your 50s, 60s, or already enjoying retirement, this episode provides essential insights to help you secure a healthier, wealthier, and happier future.
Stay informed, stay prepared, and ensure your retirement is everything you’ve dreamed of. Don’t forget to subscribe for more tips on achieving a balanced and fulfilling retirement!
Disclosure
Investment advisory services are offered through Sona Financial LLC (DBA Sona Wealth Advisors, Sona Wealth, Sona Wealth Management), an investment adviser registered in the state of MN. Sona Financial only offers investment advisory services where it is appropriately registered or exempt from registration and only after clients have entered into an investment advisory agreement confirming the terms of engagement and have been provided a copy of the firm’s ADV Part 2A brochure and document.
This video is for educational purposes only and is not exhaustive. Nothing discussed during this show/episode should be viewed as investment advice. Diversification and/or any strategy that may be discussed does not guarantee against investment losses but is intended to help manage risk and return. If applicable, historical discussions and/or opinions are not predictive of future events. The content is presented in good faith and has been drawn from sources believed to be reliable. The content is not intended to be legal, tax, or financial advice. Please consult a legal, tax, or financial professional for information specific to your individual situation.
This content has not been reviewed by FINRA