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 10 times rule for retirement savings, which suggests that individuals should aim to have 10 times their gross income saved by retirement. He explores the origins of this rule, its benchmarks, and its effectiveness in providing adequate retirement income. Struthers critiques the rule, arguing that it may be too conservative for many individuals, especially higher earners or those planning to retire early. He emphasizes the importance of personalized financial planning over generic rules of thumb.
Takeaways
-The 10 times rule suggests saving 10 times your gross income by retirement.
-Many rules of thumb in finance can be outdated or overly simplistic.
-A real financial plan considers individual goals and values.
-Social security can replace a significant portion of retirement income.
-The 4% rule is a common guideline for sustainable withdrawals.
-Retirement spending often varies over time, not remaining constant.
-Higher earners may need to save more than the 10 times rule suggests.
-Retiring early can complicate retirement income needs.
-Financial planning should be tailored to individual circumstances.
-The 10 times rule is a useful starting point but may not fit everyone.
Sound Bites
"The 10 times rule might be too conservative."
"The 10 times rule is a good starting point."
"Retiring early may require more savings."
Chapters
00:00 Introduction to the 10 Times Rule for Retirement
02:55 Understanding the 10 Times Rule and Its Benchmarks
05:46 Why the 10 Times Rule Works
09:05 Is the 10 Times Rule Too Conservative?
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
Friday Dec 27, 2024
Friday Dec 27, 2024
Summary
In this episode of Healthy and Wealthy Retirement, Mark Struthers discusses the recent market crash attributed to the Japanese carry trade, its implications for investors, and strategies to navigate financial uncertainty. He emphasizes the importance of having an emergency fund, diversifying investments, and reviewing bond portfolios to ensure a healthier retirement.
Takeaways
-The holistic approach to retirement includes financial, social, physical, and emotional well-being.
-The Japanese carry trade has significant implications for global markets.
-Market volatility is expected, especially in the short term.
-Investors should focus on long-term strategies rather than panic selling.
-Emergency funds are crucial for financial stability during downturns.
-Reviewing bond portfolios can help mitigate risks during market fluctuations.
-Diversification is essential to protect against market volatility.
-Understanding economic indicators can help you make informed investment decisions.
-Maintaining a long-term perspective is key to successful investing.
-Sticking to a financial plan can lead to a healthier, wealthier retirement.
Sound Bites
"Don't panic, stick to your plan."
"Take a closer look at your bonds."
"Japan's causing some issues."
Chapters
00:00 Introduction to Holistic Retirement Planning
01:03 Understanding the Japanese Carry Trade
03:00 Market Volatility and Economic Indicators
05:55 Strategies for Navigating Market Disruptions
09:48 The Importance of Emergency Funds and Bond Management
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.
Friday Dec 27, 2024
Friday Dec 27, 2024
Welcome to "Healthy and Wealthy Retirement" with Mark Struthers, your certified retirement counselor, who introduces a holistic approach to navigating the complexities of retirement planning. In this episode, Mark dives into the intricacies of the three-bucket strategy for retirement funding, designed to balance risk and provide comfort for retirees.
The episode sheds light on two main types of bucket strategies: one focused on time horizons and another on types of retirement spending. Discover how each bucket, from low-risk T-bills and money market funds to long-term high-risk investments, serves a purpose in securing income through the varied phases of retirement.
Mark explains the challenges and nuances of effectively implementing the bucket strategy, including maintaining a blend of low-risk and potentially higher-yield investments, the considerations around duration and credit risk, and the dangers of spending down assets too quickly.
Learn why rebalancing the portfolio is crucial, how to manage emotional comfort during market fluctuations, and why aligning the buckets with a total return strategy might be the most efficient route for sustaining wealth. As retirees look for a solid financial plan, Mark's guidance helps blend financial savvy with mental peace, ensuring that your retirement years are prosperous and fulfilling.
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.
Friday Dec 27, 2024
Friday Dec 27, 2024
Summary
In this episode of Healthy and Wealthy Retirement, Mark Struthers discusses the considerations for relocating to a low-tax state. He emphasizes the importance of understanding the total tax burden, including property taxes and social security taxation. Mark also highlights the significance of home affordability, quality of life, job opportunities, and healthcare costs when making such a move. The conversation aims to guide listeners in making informed decisions for a healthier, wealthier, and happier retirement.
Takeaways
-Moving to a lower-tax state can be beneficial but requires careful planning.
-Consider the total tax burden, including local and property taxes.
-Home affordability is a key factor in relocation decisions.
-Quality of life and social connections are essential for happiness in retirement.
-Evaluate job opportunities and economic stability in the new location.
-Healthcare costs and access can vary significantly by state.
-Understand the implications of income taxation in the state of relocation.
-Infrastructure and community resources should be considered when moving.
-Make informed decisions to avoid surprises in retirement planning.
-Utilize financial planning tools and professionals for better decision-making.
Sound Bites
"Quality of life is a big one."
"Job opportunities matter, even in retirement."
"Make sure you're making an informed decision."
Chapters
00:00 Introduction to Holistic Retirement Planning
00:29 The Trend of Relocating to Low-Tax States
01:28 Understanding Total Tax Burden
03:24 Evaluating Home Affordability and Costs
05:20 The Importance of Quality of Life
07:23 Job Opportunities and Economic Stability
08:21 Healthcare and Cost of Living Considerations
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
Friday Dec 27, 2024
Friday Dec 27, 2024
Welcome to the Healthy and Wealthy Retirement podcast! In this episode, host Mark Struthers explores the concept of keystone activities and their pivotal role in fostering a fulfilling retirement life. Mark delves into how these activities can influence and enhance your social, physical, and emotional well-being, providing a foundation for a more connected and satisfying post-work life.
Discover how choosing the right keystone activities can forge deeper relationships and create communities that support a holistic approach to retirement. Whether it's CrossFit, martial arts, or volunteering, these activities not only enrich your life but also connect you with like-minded individuals sharing similar interests and values.
Join us as we navigate through the balance between staying connected in a digital world and finding deeper, meaningful connections in real life. Tune in to learn how to make your retirement not just financially secure but also socially enriched and fulfilling.
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
Friday Dec 27, 2024
Friday Dec 27, 2024
Welcome to the Healthy and Wealthy Retirement, where certified retirement counselor Mark Struthers explores the impact of inflation on retirees. In this episode, Mark discusses how the recent surge in inflation has heightened awareness and seriousness about planning for retirement.
Mark explains how inflation erodes purchasing power over time, making it essential for retirees to have strategies in place to protect their financial well-being. He delves into the concept of compounding—both its wonders and its challenges—and emphasizes the importance of understanding its effect on retirement planning.
The discussion touches on fixed incomes, pensions, and bonds, highlighting their susceptibility to inflation and the need for active financial management. Mark also offers actionable tips for retirees to hedge against inflation, such as continuing to work part-time, investing in equities, real estate, and treasury inflation-protected securities, and maintaining diversified income streams.
Learn how to cut back on discretionary spending, stay healthy, and plan ahead to enjoy a more stable and less stressful retirement, even amid economic uncertainties. Tune in for insights and strategies to navigate the complexities of inflation in your retirement journey.
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
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