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.

Episodes

May 14, 2021 32 min

When everything shut down due to Covid-19 in March 2020, the uncertainty was crippling for many businesses. In this episode, you’ll hear how Hand & Stone Massage and Facial Spa was able to turn lemons into lemonade thanks to their membership-based business.

Located in the Lewis Center in Columbus, Ohio, this outpost of a well-known franchise provides customers with high quality massages and facials at extremely affordable price...

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Bill and Sandy Wymard own and operate Aquarium Adventure in Hilliard, Ohio. Guests can see fish from all over the world in their public aquarium, take home fish for their own aquariums, and purchase retail merchandise as well.

Aquarium Adventure has carved out a truly unique niche for themselves as a specialty retailer with loyal, long-term customers and employees. When the COVID crisis hit, they needed to stay open, going the extr...

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Iron Pony is one of the largest motorcycle dealerships in the Midwest. They grew from a NAPA auto parts store into a thriving business selling parts, apparel, accessories, vehicles, and more. The company has never stopped evolving, and this proved true again in 2020, when they didn’t just survive, but thrived, over the course of the COVID-19 pandemic.

In this episode, Chris joins the podcast to tell the story of how he went from dr...

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2020 has been one of the toughest years in history for small businesses. Many companies have needed to pivot, change their entire operational model, and adopt and adapt to new technologies in order to keep the lights on. 

However, a number of businesses didn’t just survive over the last year - they thrived. One of them is Columbus Car Audio. For over 40 years, they have customized and accessorized motorcycles, cars, boats, and buse...

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For years, the conventional wisdom has been to grow your assets tax-deferred while you work, then pay taxes on that money when you’ve entered a lower tax bracket.

Unfortunately, that wisdom has gone out the window. Why? It’s simple: America’s massive unfunded liabilities in Social Security, Medicare, Medicaid, and the interest on the national debt. Taxes are all but guaranteed to go up in the years to come, and this makes having a ...

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March 5, 2021 20 min

Why is it important for women to have a written income plan? Why is it more important for women than men? It’s simple: 80% of all men die married, while 80% of women are single when they pass away. To make matters worse, 50% of all women die broke.

Women need more than someone who charges them a fee to manage their investments. They need someone who can provide them with answers to tough questions, who can help them understand how ...

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Staying in shape has a huge impact not just on your physical health, but your mental and financial health as well. If you want to make changes, you probably have some big questions: how do I get in shape? And what’s the connection between health and wealth?

Joining us to help answer these questions is Alex White, who is back for round 2 on the podcast! Alex is the co-founder of Peak Human Performance in Columbus, Ohio, where he cre...

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Every new year, people make resolutions to lose weight or just get in shape. 

So, what does that have to do with retirement? It’s simple: working out can be a stress reliever, can help us get healthier, and allows us to be more productive. And being healthier later in life gives us more time, strength, and energy to do all the things we said we were going to do before we retired.

Joining me today to talk about this is Alex White, c...

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In the first part of this series, Pat Puhl joined the podcast to talk about operating a sustainable nonprofit in 2020, what he did to ensure that their entire calendar’s worth of fundraising didn’t need to be scrapped or canceled, and the many potential tax benefits available to you when you give to charity. If you haven’t yet, click here to listen – we highly recommend you do so before you dig into today's. 

In this episode, P...

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Charitable giving is more important now than ever before. The challenges, setbacks, and losses caused by COVID-19 have affected not just families and businesses, but the organizations they support as well.

That said, there are a lot of people out there who are rising to the occasion and doing good. One of them is Pat Puhl, who is a co-founder of Families For a Cure, which helps families in need in Columbus, Ohio by supporting cance...

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November 26, 2020 31 min

Business owners have a lot of choices when it comes to providing employee benefits, and one of the biggest benefits available is the 401(k). However, many employers don’t know how they work, what their liability is, or how to protect themselves. 

If you’ve had a job with benefits, you’ve likely had a 401(k), but implementing one as an employer is another story entirely. Today, we’re walking through everything that you need to know ...

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November 5, 2020 18 min

For many people, the 401(k) is one of the biggest parts of their retirement portfolios. In times of great uncertainty, and especially of market volatility, many want to know how to protect their most valuable assets. Especially after the Great Recession of 2008, it’s easy to want to make rash decisions. However, it is a great time to assess your overall risk and understand how best to protect your money - and yourself. 

Everyone’s ...

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October 22, 2020 17 min

In the previous episode of this podcast, we explored what taxes currently mean for retirees - and why taxes are the most expensive thing in almost every retirement plan. 

If you save the wrong way, you’ll be penalized for it. If you were so lucky as to live to be 115 years old, you’d be required to withdraw 50% of your pre-tax retirement accounts each year - and no matter what age you are, your required minimum distributions can le...

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October 16, 2020 20 min

Taxes are the single biggest expense that people have in retirement. Everyone wants to have a plan in place to deal with them, but few know how to do it well. 

When you retire, paying taxes on Social Security and even on ordinary income can be voluntary, but only if you have the right plan in place. With the national debt rapidly rising and no predictable budget set by Congress for several years in a row, personal planning has gott...

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October 1, 2020 20 min

Many people buy the wrong life insurance products. It’s easy to make bad decisions when you don’t have a concrete financial plan in place, and as a result, you may end up purchasing products that don’t cover all your needs. 

There are no “bad” or “good” types of life insurance products. There are simply insurance products that do or don’t serve you, and a proper financial plan ensures that you and your family have access to the rig...

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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...

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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...

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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...

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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,...

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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...

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