Success in retirement requires maintaining the standard of living you are accustomed to living as long as you are alive. Granted, that standard will change as you age, but the trick is maintaining the opportunity for making financial decisions at retirement age with...
You can do three things with the money you make: spend it, save or invest it, or give it away. People who are wise with money tend to do all three and stick to a ratio that makes sense for their situation. The percentages you commit to each category can vary...
Life is filled with many tough choices and important decisions. Where do I attend college? Who am I going to marry? What am I going to do for my career? What's for dinner tonight? All these questions have consequences once the decision is made. One of the most...
Imagine for a moment that your working career is coming to an end, and retirement is on the horizon. What does that look like for you? Are you going to travel to exotic destinations, live in a golf course community, spend more time with the grandkids, volunteer in...
When would you want to know if you were heading on a road trip and something ahead created a challenge? Your answer likely depends upon the severity of the issue and the potential alternatives. What about significant issues at the moment that will be resolved by the...
The US legislature is required to raise revenue for bridges, armies, and social safety nets. The budget changes and the need for more income seem obvious. The tax code creates a rule book attempting to uncover the necessary revenue to run our country. Bear in mind...
Your Retirement Playbook with Joe Clark, CFP. Do your Retirement accounts need to be rebalanced? Rebalancing retirement accounts means selling from what did well and purchasing what did poorly the quarter before. We will discuss if you should and how to go about it in...
Your Retirement Playbook with Joe Clark, CFP. In this segment, we will cover: We think things are crucial to consider in your financial journey. You get one shot at retirement, and we are here to help you reduce financial regrets. Your Retirement Playbook” is an...
Your Retirement Playbook with Joe Clark, CFP. In this segment, we will cover: What does it look like when you begin to transfer from your working life to your life after work? You need to plan for how your taxes change and how you can be proactive. Your Retirement...
During his inauguration speech, Franklin D. Roosevelt left us with these famous words, "So, first of all, let me assert my firm belief that the only thing we have to fear is fear itself – nameless, unreasoning, unjustified terror which paralyzes needed efforts to...
Separating from the workforce and living off your accumulated savings requires an organized and dedicated strategy. The new life of distributing your assets generates natural emotional responses. You have diligently saved and accumulated savings for the last 30-40...
Your Retirement Playbook with Joe Clark, CFP. In this segment we will cover: What can possibly go wrong?! The things that happen on your financial journey are similar to the struggles you will face in golf. Let's talk about your financial hazards. Your Retirement...
Your Retirement Playbook with Joe Clark, CFP. In this segment we will cover: What economic condition are we in today? Sure, the economic condition matters to help you decide what you need to do next in your financial planning, but what do I need to take into...
Your Retirement Playbook with Joe Clark, CFP. In this segment we will cover: How will drawdown impact your chances for success in retirement? You need to hear this episode of Your Retirement Playbook! Your Retirement Playbook” is an educational program designed to...
Your Retirement Playbook with Joe Clark, CFP. In this segment we will cover: Success is never dependent upon one thing, but failure can be. What does a failed retirement journey look like? Learn more on this episode of Your Retirement Playbook. Your Retirement...
Your Retirement Playbook with Joe Clark, CFP. In this segment we will cover: Whether you are a new retiree or a seasoned one, we often have the same concerns. The best way to avoid retirement mistakes often comes from having the best questions formulated. My advice...
Who doesn’t want to retire? More people than you may think, including myself. The rationale for continuing to work comes from the obvious “I love what I do” to “What would I do?” Our experience would suggest there is also a large contingency that is simply unwilling...
Imagine for a moment that your working career is coming to an end and retirement is on the horizon. What does that look like for you? Are you going to travel to exotic destinations, live in a golf course community, spend more time with the grandkids, volunteer in...
Consider This Program with Jamie Burton and Grant Soliven, AIF. In this segment we will cover: You understand that you need to replace a certain standard of living in retirement, but what does that look like? How do you know how much you really need? Find out what you...
Consider This Program with Joe Clark, CFP, and Daren Hardesty. In this segment we will cover: There is a lot of confusion between risk and routine. Many do not realize that getting into a routine can be financially dangerous. Things that made sense in the past do not...
Consider This Program with Joe Clark, CFP and Jamie Burton. In this segment we will cover: There is no magical percentage of your income needed for a happy retirement. What is required is replacing 100% of the money for your standard of living. Call 800-928-4001 or...
Consider This Program with Joe Clark, CFP and Dean Huddleston. In this segment we will cover: It’s the 4th quarter in your life of work. In grade school, we were able to prepare for the big event. There is no greater event for most people than retirement or separating...
Consider This Program with Joe Clark, CFP and Dean Huddleston. In this segment we will cover: Your life after work is more than just saying goodbye to a paycheck from an employer. It is part art and part science. For example, how and when do you take social security?...
The Summer Olympics are here! We will take the easy shot and incorporate Olympic talking points into our article. Hey, we only get this chance once every four years. The goal of the Olympic games is for the athlete to wind up on the podium with a ribbon and a medal....
Imagine for a moment that your working career is coming to an end and retirement is on the horizon. What does that look like for you? Are you going to travel to exotic destinations, live in a golf course community, spend more time with the grandkids, volunteer in...
Any journey begins with a single step. Those words are particularly applicable to the retirement planning process. Unless we inherit wealth, most of us begin the retirement savings journey with a very modest sum. Although the terms “saving” and “investing” are often...
Consider This Program with Joe Clark, CFP and Daren Hardesty. In this segment we will cover: Very often we hear people say they don't want to keep all their financial eggs in one basket. The feeling of having accounts with multiple advisors and banks brings a sense of...
Consider This Program with Joe Clark, CFP and Adam Harter, CFA. In this segment we will cover: Separating from the workforce is more than just a financial decision if you want to do it well. It is mental - what will you do with your time and energy for those of us...
Growing up, we all can remember either a parent or coach repeating the famous words, "Practice makes perfect." Or, "Better to be prepared." And although these words were easy to mock in our youth, they have aged well. They have aged so well we now pass the same...
Consider This Program with Joe Clark, CFP and co-host Grant Soliven. In this segment, we will cover: Life comes quickly and change happens. Sometimes by our own doing and sometimes for factors out of our control. (Health, economic slowdown, etc) This conversation...
Ask yourself this question: when was the last time you asked for an answer, heard something you wanted to hear, and then choose to get a second opinion? It’s not natural to question answers we hope to hear. This is critical in retirement planning whether you are...
Consider This Program with Joe Clark, CFP and Angi Kinser. In this segment, we will cover: In this episode learn why dividing your retirement savings into various investment categories is crucial to the overall success of your retirement. Learn how asset allocation...
Pulling money out of your accounts does not feel natural because you spent all your time putting that money in there. Another reason people do not pull money out of their accounts is that they don't need it! Lastly, there's a fear of running out of money. Those are...
Consider This Program with Joe Clark, CFP and Co-host Angi Kinser In this segment we will cover: What is a safe amount of money we can withdraw from our portfolio? If you are in your early sixties, you are looking at 3.2% that you can pull out with reasonable...
In this week’s episode, we will cover: The death of deferment End of year tax planning The questions you should ask yourself for tax planning What to consider at the end of your career Tips for giving a eulogy on Zoom Financial Tidbits “I use the Roth as a retirement...
Undoubtedly, there will be a point where we will exit. We will depart from the workforce, our tax-deferred retirement accounts, and ultimately from life. This five-week series will provide you insight into leaving behind your legacy. Legacy includes our assets, but it...
November 17th, 2020 Consider This Program with Joe Clark, CFP and Co-host Angi Kinser! In this week's episode, we will cover: -The crucial Death Tax Exemption and why it's easy to miss. -Is the death of your company also the death of your retirement savings? -Death,...
Overpaying fees and expenses an area of investing that requires dedicated focus. Twice last year, our firm changed ETF providers due to cost versus benefit. The reduction of fees does not guarantee outstanding performance, but unwarranted or necessary fees and...
Change happens all the time. Different routines affect people emotionally, financially, and often relationally. Retirement is one of those times. Whether leaving the workforce was your own choice or a result of outside circumstances, it can cause stress with your...
Change happens all the time. Different routines affect people emotionally, financially, and often relationally. Retirement is one of those times. Whether leaving the workforce was your own choice or a result of outside circumstances, it can cause stress with your...
What measures do you take to ensure you are safe when surfing the internet? Today we have a fantastic program lined up for you. Our host, Joe Clark, and co-host Angi Kinser have three fantastic guests joining them, namely: · Jeff Lanza- FBI special agent...
People take risks every day. Some of them are more obvious like driving a car, but we forget the less obvious such as falling in the shower. There are four things you can do to mitigate your exposure to risk, including financial risk, (although that won’t help with...
Attitude and circumstances jointly impact your optimal distribution strategies. Distribution is difficult, emotionally, and logistically. Moving parts need to function in harmony that can become disjointed, leaving your dedicated efforts toward saving and accumulating...
“New York City was not prepared for the destruction that occurred September 11th, 2001.” Mayor Giuliani surprised our audience at the World Business Forum with those seemingly harsh words. The recovery in New York was nothing short of spectacularly inspiring. The city...
These are complex and chaotic times forcing us to make decisions in less than optimal circumstances. Every investor has these challenges, but there is usually more clarity over economic stability. Today is a more significant leap of faith as we decide to either stay...
There is little doubt that America finds itself in a recession at the moment. Jobs are lost, and some businesses will never recover. What about the earnings of the companies that do survive? Are the earnings deferred, delayed, or vanished forever? It depends on the...
By: Andrew Thrasher, CMT I have the great honor to serve as a Portfolio Manager for an RIA, the Financial Enhancement Group, in central Indiana. We serve families across the state as well as the country, helping them plan for and invest for the retirement and future...
A successful retirement requires you to get many components correct. Sadly, failing at retirement can occur by missing or failing in just one of the many areas required for success. How issues relate to one another can be confusing and complex. Changing market...
A recent surge in temperatures had motorcycles heading to the streets. Long time readers may remember I logged more than 30,000 miles on the back of two Harley Davidson’s in my 30’s. Alas, those days have passed. A question was asked on my radio program about how to...
On December 20, 2019, a $1.4 trillion spending bill was signed into law in order to keep the government running. Tucked away inside this mammoth piece of legislation was the Setting Every Community Up for Retirement Enhancement (SECURE) Act. This new law includes...
There aren’t many actions taken in 2020 that will impact your 2019 tax returns. IRA contributions are an exception to that rule. There are three reasons to consider making that contribution now for 2019, and the third reason may surprise you. IRA contributions require...
We all know someone with a natural gift for repairing what’s broken. Those of us not blessed with this handy talent usually turn to the Internet to get help with repairs. Do it Yourself (DIY) videos make challenging projects look so easy. After watching a few online...
The Secure Act was signed into law December 20, 2019, and became effective January 1, 2020. If you own an IRA or have a defined contribution plan at work or if you will potentially inherit once of these assets, then this law changed everything. Robert Keebler, CPA,...
The theme for the last 10 weeks has been retiring with $500k. The last nine weeks addressed individual issues in-depth. (Request a consolidated copy of the articles at yourlifeafterwork.com.) So what’s the answer? It depends on you. The amount of assets you have is...
Taxation is as much a part of retirement as it was during your working years. The basics remain consistent but how your money is taxed annually changes dramatically. We have devoted the last seven weeks and the next three weeks to walk you through how to retire on...
At the Financial Enhancement Group, The Fiduciary Focus is our proprietary method for evaluating how a portfolio is doing at any given time. A fiduciary, by legal standard, has to treat your money as if it were their own and if they were in your situation. Many...
This series is dedicated to answering the question “Can you retire on $500,000?” The answer is yes, depending on your standard of living requirements. The necessary amount of income is dependent upon the life you enjoyed before you left the workforce and the life you...
Your life after work begins with maintaining your standard of living. Fulfillment and financial happiness are not about the replacement of income but rather matching the standard of living you were accustomed to having before leaving the workforce. Standard of...
Planning for retirement requires preparing for the unexpected. Creating sound contingencies is important, but even more, is addressing the likeliness of that event to occur. The term “risk” or “risky” is used by many salesmen to scare people into buying their “safe”...
Inflation lives a tormented existence. We want our homes to appreciate, but yet we want our food cheaper and cable TV for less. Both changes in the price stem from inflation. One side loved, and the other deplored. Inflation is a necessary part of a growing...