The Retirement Trainer

The Retirement Trainer

The Retirement Trainer with Ed Siddell: A podcast about helping you find ways to become financially fit for your future, no matter what kind of shape you’re in now.... Show More

Episodes

September 23, 2020 20 min

We are all living in one of the craziest, most volatile markets in history. To get through it, you need a plan, and that plan needs to change over the course of your life to ensure you conserve when you need to, have cash flow, and can make transitions with confidence and ease.

These are the core concepts of age-based investing - looking at risk as part of your plan to achieve safety, income, and growth.

Today, we explore target da...

Read more
Share
Mark as Played

In last week’s episode, we started a deep dive into annuities: what they are, how they work, and why they might (or might not) make sense in your retirement portfolio. If you haven’t yet, we recommend you listen to that episode first, then come back to today’s. 

More than anything else, you need to remember that whether you’re talking about stocks, bonds, mutual funds, exchange-traded funds, or, yes, annuities, there’s good and bad...

Read more
Share
Mark as Played

When many people think of annuities, they say, “Oh my gosh, that’s horrible.” Many people either love or hate them, but this is almost never the right perspective to take. Why is this? It’s simple: many financial planners can’t clearly explain where it makes sense to use annuities or make sense of the complicated industry terms surrounding them.

Annuities are one of many investing tools available - just like stocks, bonds, mutual f...

Read more
Share
Mark as Played

As you transition into retirement, you’re likely looking to understand how to reduce mortgage debt and downsize without burning through your savings. There are lots of ways to do it, and lots of important questions to ask along the way.

This is more true right now than ever before. With housing markets as hot as they are, it’s become very easy to downsize and end up spending more each month.

It’s critical that you do your homework,...

Read more
Share
Mark as Played

If you have kids, no matter what financial shape you and your family are in, you’re probably wondering how you’re going to pay for college. You’re probably wondering what your options are. You may need to know what the FAFSA is, what scholarships are available, and if they’re needs or merit-based.

You’re also probably astounded by the cost of college. It has risen eight times more than wages have over the last several decades. Furt...

Read more
Share
Mark as Played

Over the years, people have been able to take hardship withdrawals and loans against retirement plans to cover emergency medical expenses, tuition, rent, mortgage payments, repairs, funerals, and other sudden and unexpected costs.

However, the rules regarding these withdrawals and loans, the amount of money available to you, and the penalties for taking this money are extraordinarily complicated - and the CARES Act has changed many...

Read more
Share
Mark as Played

Market volatility is real, and we’ve seen it in full force this year. On multiple occasions, we’ve seen markets swing over 6 percent in just one day of trading. Things are changing minute by minute, and the COVID-19 crisis has created a pattern of ongoing economic and political unrest that we’re unlikely to emerge from in the near future.

If you have decades left to build wealth and plan your retirement, this may not bother you. Ho...

Read more
Share
Mark as Played
June 11, 2020 19 min

If you and your spouse have worked multiple jobs over the course of your life, you may have old 401(k) plans with former employers scattered all over the place. In fact, we’ve worked with clients with over a dozen plans sitting around that haven’t been seen, updated, or touched at all in years - or even decades.

These zombie 401(k)s can turn into substantial tax bills and IRS penalties if you’re not careful, and there are lots of w...

Read more
Share
Mark as Played

Our country’s response to the COVID-19 crisis seems to be changing not just day-by-day, but minute-by-minute. Between the CARES Act, the stimulus package, PPP loans, the HEROES Act recently passed in the House, and other forms of financial relief, it’s never been harder to make sense of what’s available - or how to take advantage of it.

Helping me navigate the COVID-19 stimulus is Doug Mayr. Doug is a Managing Partner at BHM, a reg...

Read more
Share
Mark as Played
May 14, 2020 13 min

As the COVID-19 pandemic continues all across the world, we’ve seen some of the most discouraging jobs and unemployment reports in recent history. A lot of investors are worried right now, and it’s easy to jump to the worst possible conclusions.

While this is certainly a crisis, for many people, it’s also a navigable one - and there are definitely things you should and shouldn’t do over the next few months, no matter how the market...

Read more
Share
Mark as Played

After an 11 year bull run, the crisis caused by the COVID-19 has proven to be the real deal from both a health and economic perspective. After over a month of binge watching our favorite TV shows and reading and watching the news, everyone is concerned.

There is a lot of weight on our shoulders right now as Americans, and as we oversee financial plans for people transitioning into retirement at this moment, it’s go time. You need a...

Read more
Share
Mark as Played

Today we're digging in a bit deeper and talking more about The SECURE Act with estate planning attorney, Logan Phillips. 

The thing that the SECURE Act did was really change retirement planning for people. Logan says it benefits individuals who are saving for retirement, while it kind of hurts the individuals who they plan to leave their retirement to. Those saving for retirement, get to save for longer before they have to star...

Read more
Share
Mark as Played

The SECURE Act, also known as the Setting Every Community Up for Retirement Enhancement Act of 2019, came into effect on January 1st, 2020. Designed to make it easier for Americans to access tax-advantaged accounts and stop people from outliving their assets, it made another round of sweeping, monumental changes to the tax code.

This means that even if you’ve just created what you think is a robust, thoughtful retirement plan, it’s...

Read more
Share
Mark as Played

How you can the take financial regrets of others, and turn them into a preventative education for you.

Share
Mark as Played

What's the deal with the year 2025? And other tips to protect yourself from rising taxes.

Share
Mark as Played

It seemed easier for our parents and grandparents. Now, the effort required to prepare for a happy retirement has practically become a second job. How can "uncomplicate" how complicated retirement has become?

Share
Mark as Played

Ed talks with Pat Puhl, President of “Families For A Cure,” about growing from a single golf tournament to licensed nonprofit that’s raised over $1 Million for cancer research and patient care programs.

Share
Mark as Played

Rather than ways to save and keep more of your money, we’re talking about the importance and benefits of giving it away.

Share
Mark as Played

Ed chats with attorney Logan Philipps, on ways to better protect yourself, your family and your assets by building a proper estate plan.

Share
Mark as Played

Understanding what you have, who you want to leave those things to, and how you want those things to be received, is as important a plan as figuring out your retirement income, yet most of us neglect this area of planning. How to start thinking ahead about what you want to leave behind.

 

Share
Mark as Played

Chat About The Retirement Trainer

Popular Podcasts

The Breakfast Club
Crime Junkie
Crime Junkie
If you can never get enough true crime...
The Piketon Massacre
The Piketon Massacre
On the night of April 21, 2016 in rural Piketon, Ohio - eight members of the Rhoden family were viciously murdered execution style in their homes. Two years later in 2018, their neighbors, the Wagners, were arrested and charged with committing the largest massacre in Ohio’s history. Shocked by the arrests, this once close-knit and religious community remains divided and unable to cope. Was a respected and reputable Piketon family responsible for this unimaginable murder spree? Our team will examine the deep ties that connected both families. We’ll examine the evidence and possible motives for the crimes. For the first time we’ll speak with townspeople, psychological experts, respected investigators, friends and members of both families. Are the Wagners responsible for the murders, and if convicted, will they be executed? Or is it possible that there is still a murderer at large waiting to kill again?
    Music, radio and podcasts, all free. Listen online or download the iHeartRadio App.

    Connect

    © 2020 iHeartMedia, Inc.