SoundPath Through Retirement

In this episode of Sound Path to Retirement, hosts Ben Covel and Matt Lieberger discuss the essential elements of retirement planning, including the importance of having a clear vision for retirement, effective income distribution strategies, and proactive tax planning. They emphasize the transition from saving to spending in retirement, the significance of revenue reviews, and the impact of divorce on retirement assets. The episod...

In the realm of personal finance, saving and investing are two fundamental strategies
that serve different purposes. While saving offers security and liquidity, investing
provides the potential for growth. Determining when to save and when to invest can
significantly impact your financial well-being.

Reach out to Ben and Matt at 877-249-6900 or https://soundpathretirement.com/

See omnystudio.com/listener for privacy informa...

In this episode of Sound Path to Retirement, hosts Gary Nolan, Ben Koval , and Matt Lieberger discuss the concept of financial independence, emphasizing that it is not merely about wealth accumulation but about having the freedom to make choices aligned with one's values. They explore the importance of financial literacy, the latest trends in retirement savings from Vanguard's report, and practical steps for those in their 50s to p...

In this episode, the hosts discuss common financial mistakes that Baby Boomers make as they approach retirement, including overestimating Social Security, underestimating healthcare costs, and the importance of planning for the first year of retirement. They emphasize the need for a structured financial plan that includes understanding taxes, healthcare, and finding purpose in retirement. The episode also addresses listener questio...

This conversation explores the profound impact of mindset on financial decisions, emphasizing the importance of understanding financial stress and its effects on behavior. The discussion covers essential areas of retirement planning, including income, tax, insurance, estate, and investment strategies, while addressing the challenges posed by market volatility. The speakers highlight the need for a comprehensive approach to financia...

In this conversation, Ben, Matt and Gary  discuss the common financial mistakes individuals make and how to recover from them. They emphasize the importance of recognizing these missteps, learning from them, and creating a comprehensive retirement plan. The discussion covers various topics including the significance of Social Security, the role of pensions and annuities, and the implications of the 4% rule for retirement incom...

This conversation explores the complexities of retirement spending, highlighting how spending patterns change over time, particularly as retirees age. It discusses the importance of planning for both immediate and long-term expenses, the significance of prioritizing retirement goals, and the value of experiences over material wealth. The hosts also touch on the role of AI in financial planning, questioning whether it can truly repl...

In this conversation, Ben, Matt and Gary discuss the complexities of retirement spending, emphasizing that expenses can fluctuate rather than remain fixed. They explore how certain costs may decrease in retirement, such as commuting and work-related expenses, while healthcare costs can vary significantly based on retirement timing and coverage. The importance of planning for inflation in retirement income is highlighted, as well as...

In this conversation, Ben Koval and Matt Lieberger discuss the various stages of retirement planning, emphasizing the importance of preparation and understanding the psychological transitions that occur during retirement. They outline the six stages of retirement, from pre-retirement planning to achieving stability, and highlight the significance of having a fiduciary financial advisor to navigate these stages effectively. The disc...

In this conversation, the hosts discuss the various stages of life leading to retirement, emphasizing that retirement can be a positive experience for many. They explore strategies retirees are using to ensure a successful retirement, including building multiple income sources, consolidating retirement accounts, and understanding the importance of budgeting and managing debt. The conversation also highlights common red flags that c...

In this episode, Ben, Matt  and Gary discuss various economic indicators that can inform retirement planning, including both unconventional signs like the lipstick index and traditional measures like GDP. They also delve into common cash flow mistakes retirees make, emphasizing the importance of strategic IRA withdrawals and balancing safety with growth in investment strategies. The conversation highlights the need for a minds...

In this episode, the hosts discuss the current economic climate and its impact on financial planning, particularly for retirees and women. They emphasize the importance of having a solid financial strategy to navigate inflation, market volatility, and the unique challenges women face in retirement. The conversation highlights the need for intentional planning and the role of financial advisors in helping individuals achieve their r...

In this conversation, the hosts discuss common misconceptions and risky assumptions people make about retirement planning. They emphasize the importance of a conservative approach to expected market returns, the risks of relying on inheritances, and the opportunities that market downturns can present. Additionally, they highlight the significance of understanding the fiduciary standard when selecting a financial advisor. In this ep...

This conversation delves into the complexities of navigating market challenges as one approaches retirement, emphasizing the importance of strategic financial planning. The discussion highlights the potential impact of inflation and tariffs on retirement savings, as well as the critical knowledge gaps surrounding Social Security that many pre-retirees face. The hosts stress the need for a structured income plan that can withstand m...

In this episode, the hosts discuss the current economic climate, focusing on recession fears and their implications for retirees. They emphasize the importance of understanding consumer confidence and its impact on spending. The conversation shifts to practical financial advice, including managing utility costs, debt, and insurance in retirement. The hosts also address the challenges of supporting adult children financially while e...

In this episode, the hosts delve into the complexities of annuities, discussing their various types, benefits, and drawbacks. They explore how annuities can serve as a pension alternative, the importance of understanding fees, and the implications of liquidity in retirement planning. The conversation emphasizes the need for independent financial advice to navigate the annuity landscape effectively. In this episode, the hosts delve ...

In this episode, Ben and Matt discuss major economic headlines and their implications for retirement planning. They delve into the impact of tariffs on the economy, stock market volatility, and the global economic slowdown. The conversation also highlights the importance of budgeting for fun in retirement, planning for healthcare costs, and managing debt before retirement. The hosts emphasize the need for a comprehensive retirement...

The conversation explores the multifaceted aspects of retirement, emphasizing the importance of financial planning, the emotional transitions involved, and the necessity of a holistic approach to ensure a fulfilling retirement experience. Key topics include the loss of predictable income, the search for purpose post-retirement, the impact of employer-sponsored benefits, budgeting strategies, and the advantages of Roth conversions. ...

This conversation delves into the multifaceted aspects of retirement planning, emphasizing the importance of financial security, social connections, and strategic planning. The hosts discuss the emotional and practical challenges retirees face, including the loss of a paycheck, the need for a structured income plan, and the significance of maintaining social interactions and a sense of purpose. They also highlight the necessity of ...