Tim Stearns Podcast

MONEY IN MOTION - FEES ARE TOO HIGH: Carefully reviewing accounts for fees can reveal that you might be paying too much. If you discover that you are paying excessive fees for the service that is being provided or the funds that you are in, consider moving or repositioning to better control and manage expenses. This is just one of the 8 moments to move your money that Tim discusses on this week’s episode.

“7 FINANCIAL MYTHS” I DON’T NEED LIFE INSURANCE ONCE I RETIRE - What if suddenly in your 80’s that lump sum that convinced you that you didn’t need to continue to carry life insurance when you were in your 60’s is significantly less significant? This is just one of the “7 Financial Myths” that Tim Stearns covers on this week’s episode of Protect and Grow.

FIFTY 401(K) MISTAKES - Forgetting to withhold taxes on withdrawals is just one mistake you can make when it comes to your 401(K). Listen as Tim Stearns discusses fifty 401(K) mistakes on this week’s episode.

Not planning for Longevity - Longevity is by far the biggest risk to your financial stability and security in retirement. The fact that we may live for an extended number of years beyond the paycheck significantly increases the likelihood that we might outlive our savings. Listen as Tim discusses this topic and more on this week’s episode.

The Countdown to Retirement - ARE YOU READY TO RETIRE? - How Prepared Are You? - Do you hold annual reviews of your plan to assess if you have met previous goals and to set new goals and benchmarks? Do you know the cashflow rate your portfolio will need to generate in order to meet your retirement needs? Listen as Tim Stearns discusses things you should know in order to prepare for retirement.

Tim Stearns 4th of July Special

With any plan for financial legacy, legal documents need to be put into place for protection. Even without great wealth to transfer, at least simple, properly updated, and executed legal documents are essential for almost every adult. Listen as Tim Stearns discusses wills & trusts in this week’s episode.

Getting a match on 401(K) contributions is a fantastic opportunity, not to be missed. You CANNOT get that kind of guaranteed, immediate return anywhere else. Is there ever a time that we should NOT be taking advantage of the match? Listen as Tim Stearns discusses this topic and more on this week’s episode.

Blueprints are very detailed. It is in the details that we can identify and address any problems that are found. Listen as Tim Stearns discusses the importance of having a financial blueprint in this week’s episode.

Throughout this crisis, people are recognizing the need for qualified, professional advice and guidance now more than ever. Listen as Tim talks about the different ways a financial professional can help you get a better understanding of what financial planning really is.

With pensions now a rarity and the 401(k) balance has taken its place, the investment account is now responsible to generate a portion of that once secure retirement income. Listen as Tim Stearns discusses this topic and more on this week’s episode.

Unfortunately, we are more susceptible to be taken advantage of in exactly times like these, in crisis, when we are in need and emotional. The scammers know this and look for opportunities like this to take advantage.

As industry does come back, what will the lasting impacts be on the consumer? If there is a push to have more of our production “Made In America”, how does that impact consumer prices?

There are some investment “safeguards” that have a preplanned, pre-determined point at which they will automatically sell to prevent significant losses. Listen to Tim Stearns discuss this and more in this week’s episode.

Your “paycheck” is the basis of your financial security. What happens when you lose the ability to produce it?

On this week’s podcast, Tim Stearns will discuss the reasons for implementing an Income Allocation strategy, what risks it will specifically help you address, and describe how the Income Allocation portion of your plan should be structured.

As this generation strives to secure their own retirement, more and more are looking to the future and wanting to also give kids and grandchildren a head start.

Tim Stearns goes over a few differences in the new tax laws and how it can affect your retirement planning. During your working/accumulation years, it’s all about investment management. During your retirement/distribution years, it’s all about tax management.

Tim Goes over the issues that retirees in Chicago are facing when planning for retirement. Some of these issues include not having a written plan, not knowing your cash-flow needs in retirement, and not taking into account future tax payments.