Retirement Coach's Corner

Retirement Coach's Corner

Financial and retirement planning guidance from the team at Mercurio Wealth Advisors in Louisville, Kentucky. Join Chief Financial Advisor Alan Mercurio and Senior Wealth Advisor Troy Bolton each show for helpful conversations about money, life, and retirement. Step into the Retirement Coach's Corner to learn about 401(k)s, IRAs, income planning, investing, and so much more. If you have any questions, call 502-253-9366, email info@mercurioadvisors.com or visit www.mercurioadvisors.com online for more information.

Episodes

May 5, 2022 16 min

We don’t think as much about birthdays as we get older, but we should all be paying attention to certain ages when planning for retirement. You might already be familiar with a couple of the ages we discuss on the show today but we’ll share a few planning opportunities that many people might not be aware of.

 

What we discuss in this episode: 

0:49 – Working with advisor out of your market

2:11 – Age 50

4:03 – Age 55

5:07 – Age 59....

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Ever hear a phrase while you’re watching television or reading a financial article and not truly understand what it means? There’s so much jargon that gets used in the financial industry and it’s not always well-defined. On this episode, we’ll clear up some of the terms you might be hearing more frequently right now and make sure you know exactly what’s being said.

 

What we discuss in this episode: 

1:22 – What we’re discussing to...

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Following last week’s episode of answering questions from the mailbag, we have yet another mailbag full of questions. Troy answers listeners' questions about saving and spending wisely in retirement. Gideon in Lexington is a pastor and has the option to opt out of paying into Social Security. Is this something he should do? Troy said this is a nice option to have. This allows you to invest in yourself and your own retirement. L...

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On today’s episode, we are opening up the mailbag to answer some of your questions about retirement and financial planning. We’ll discuss selling a business, pension buyouts, and splitting assets during a divorce. 

 

Tim says, “I am a dentist and I am thinking about retiring in the next five or so years. I own my building so would I be better off selling the building and investing that cash or try to sell my practice to someone els...

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Does everyone really need a financial advisor? Who does an advisor most benefit and who might be better off on their own? Alan and Troy talk through the reasons why someone might do well working with a financial advisor to create the right financial plan.

Instead of waiting until you get to retirement, you want to approach it beforehand with an advisor. For those who are procrastinating or feel like they don’t know where to start, ...

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February 24, 2022 14 min

You don’t know what you don’t know. On today’s show, we talk through ways to financially plan for the future, even if you don’t know what it holds.

 

What we discuss in this episode: 

0:40 - What’s it like living that RV life?

1:54 - How do you plan for the next big market crash?

5:44 - What are healthcare costs going to look like in 20 years?

8:29 - What will your tax rates be in the future?

11:00 - How long are you going to live?

...

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February 3, 2022 18 min

What answers will Troy and Alan have for these financial questions? Do yours match what they have to say? Find out!  

 

What we discuss in this episode: 

2:06 - The best way to not run out of money is?

5:22 - The stock market has the ability to…?

7:30 - When should you run the other way from a financial advisor?

11:30 - What is a new client most nervous about?

13:41 - What’s the most gratifying part of Troy and Alan’s job?

 

Get ad...

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January 20, 2022 19 min

Are you one of the many people resigning from your job right now? What does it mean for your financial plan and financial future?

 

What we discuss in this episode: 

1:17 - People are leaving the workforce, coined the “Great Resignation.”

5:37 - Those leaving the workforce are no longer contributing to Social Security. 

7:21 - Some chose to take money out of their 401(k) this past year.

12:10 - Take your old 401(k) with you when yo...

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January 6, 2022 12 min

What’s the risk of longevity? Does your financial plan prepare for the possibility of living until 100? On today's episode, we'll discuss how longevity impacts your retirement plan. 

 

Read more and get additional financial resources here: https://mercurioadvisors.com/podcast/preparing-for-longevity-risk/

 

What we discuss in this episode: 

0:55 - How old is their oldest client?

2:09 - How old is their oldest family member...

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December 16, 2021 17 min

This one’s on the house--what should you do about your house in retirement? How does it fit into your financial plan?

 

Read more and get additional financial resources here: https://mercurioadvisors.com/podcast/ep-17-all-about-the-house/

 

What we discuss in this episode: 

0:51 - What’s it like being a snowbird?

2:31 - When should you pay off the house?

5:22 - Should you downsize?

7:17 - Is a rental property a good investment?

10:...

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How should you prepare for the possibility of needing long-term care? Is long-term care insurance your only option? Alan and Troy share the basics of how to address long-term care expenses in your financial plan.

 

Read more and get additional financial resources here:  https://mercurioadvisors.com/podcast/ep-16-planning-for-long-term-care-expenses/

 

What we discuss in this episode: 

0:40 - Alan is enjoying Florida right now!

2:4...

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November 18, 2021 14 min

Is life insurance something you should have as a part of your financial plan? Alan and Troy discuss the reasons you may want to use this financial tool.

 

Read more and get additional financial resources here:  https://mercurioadvisors.com/podcast/ep-15-the-strategy-behind-life-insurance/ 

What we discuss in this episode: 

0:35 - Why does talking about life insurance make people cringe?

4:04 - How do you know if you need life insu...

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November 4, 2021 16 min

Do you know what your risk tolerance is or why it matters? Alan and Troy break down the basics of what risk is and how it fits into your financial plan.

 

Read more and get additional financial resources here: https://mercurioadvisors.com/podcast/ep-14-what-is-your-risk-tolerance/

 

What we discuss in this episode: 

0:42 - Troy got a new job title!

2:11 - What is risk tolerance?

7:35 - How does your advisor know how to factor in t...

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When you do a 401(k) rollover, you want to make sure you get it right. We discuss the importance of a rollover and what kinds of things to be aware of throughout the process.   

 

Read more and get additional financial resources here: https://mercurioadvisors.com/podcast/ep-13-401k-rollovers/

 

What we discuss in this episode: 

0:42 - Troy just moved into a new home!

1:36 - Let’s talk 401(k) rollovers.

5:43 - How does the rollover ...

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October 21, 2021 13 min

When we ask this question to people that meet with us, the answers come in many different forms. For some, they want to retire but can’t financially. Others will be hesitant to make the transition for different reasons. And a third group is actually much better off than they ever believed. Today we’ll discuss one of the most important questions in planning, “Are you ready to retire?”

 

Read more and get additional financial resourc...

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September 16, 2021 19 min

What should you know about a traditional IRA vs. a Roth IRA? Today we will talk about the differences in these accounts and why they matter for your financial plan.

 

Read more and get additional financial information: https://mercurioadvisors.com/podcast/ep-11-traditional-ira-or-roth-ira/

 

What we discuss: 

1:06 - What’s the difference between a traditional vs. Roth IRA?

3:45 - You may have the option of a Roth 401(k) at work.

6...

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September 2, 2021 17 min

There is a lot of confusion around Social Security. Today we are addressing some of these myths. We are going to set the record straight.

 

Read more and get additional financial information: https://mercurioadvisors.com/podcast/1254-2/

 

What we discuss: 

0:39 - Troy is mid-move!

1:46 - Let’s bust some Social Security myths.

1:57 - The Social Security Administration will help you make the best decision.

3:46 - Stay-at-home moms do...

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July 29, 2021 19 min

What do you think of when you hear the word, “annuities”? Troy and Alan talk through the different types and how they may or may not fit in your plan.

 

Read more and get additional financial resources here: https://mercurioadvisors.com/podcast/ep-9-what-to-know-about-annuities/ 

 

What we discuss on this episode: 

0:43 - A lot of people have strong opinions about annuities.

1:29 - What is an immediate annuity?

4:13 - What is a fi...

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July 22, 2021 16 min

In the financial red zone, your last few years before retirement are crucial to get it right. Just like in football, during that final stretch before the end zone you want to make sure there are no major mistakes are errors. On today’s episode of the podcast, Alan and Troy coach you through this area in your financial life. 

 

Read more and get additional financial resources here: https://mercurioadvisors.com/podcast/ep-8-the-fina...

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June 17, 2021 20 min

What makes a financial advisor a good one? We talk through the role of an advisor, the difference between a broker and a financial planner, and how to find the right advisor for you.

 

Read more and get additional financial resources here: https://mercurioadvisors.com/podcast/ep7-finding-the-right-advisor/ 

 

What we discuss on this episode: 

0:42 - How do you find the right advisor?

4:53 - What made you want to go from a broker t...

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