Simplify Your Retirement
In the Simplify Your Retirement podcast, Stephen Stricklin, CFP®, president and founder of Wise Wealth shares wisdom to help individuals and couples plan for a peaceful and enjoyable retirement. Stephen, with his years of experience and expertise in retirement income planning along with guest experts, will help you achieve “First Wisdom, Then Wealth!” For more information about Wise Wealth visit www.WiseWealth.com or email our team of professionals at info@wisewealth.com.
Episodes
November 22, 2023 • 34 mins
In planning for retirement, creating a budget is crucial for ensuring financial security and making work optional. The simplified approach involves dividing assets into three buckets: one for liquid expenses, another for income, and the third for growth.
The budget, a formal plan for managing monthly income, helps avoid overspending and provides the freedom to enjoy retirement.
Key points on budgeting for retirement:
Living Expense...
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November 8, 2023 • 42 mins
Liquidity Planning: How to Plan for Short-Term Needs and Where to Invest
Liquidity is important for everyone, no matter what phase of investing you are in. If you anticipate needing your money within the next five years, it should be readily accessible. The primary objective is to ensure the protection of your income stream and have assets at your disposal.
It’s impossible to grow your income, draw an income stream, and keep it l...
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October 25, 2023 • 32 mins
In this episode, we take a big-picture view of what planning is, and what a retirement plan should include.
Products are not a plan.
Someone may think they have a plan because they have a 401(k), pension, or insurance policy in place. Or they plan to get a little more conservative over time with their portfolio. Each of those things may be part of a plan, but they are actually products, they are not a plan.
Hope is not a plan.
Whe...
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October 18, 2023 • 31 mins
A Retirement Plan That Leads to Confidence
If you have a plan that’s simple and easy to understand, implement, and follow, you will feel better about your retirement plan. This, after all, is the overarching goal of everything we do: to instill confidence in your financial future.
In a landscape where many financial advisors tend to make things needlessly complex, it's essential for everyone to be able to understand their retir...
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June 20, 2022 • 39 mins
In today’s episode, the last of Season 4, Stephen Stricklin, along with Paul Brock, answer FAQ’s surrounding retirement planning. In addition to their answers in this episode, we encourage you to look back through the seasons to gain more clarity!
One listener asks, “Do you see value in splitting accounts over a few different advisors?” Stephen says with multiple advisors working with the same client, you can end up with similar p...
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Have you ever considered the views of the companies you’ve invested in? Do they align with yours? Join Stephen Stricklin and Paul Brock, along with guests Ben Malick and David Sandhu, as they discuss Biblically Responsible Investing. Ben and David have years of financial experience with Wise Wealth, and in this episode, offer clarity on how we can make good decisions when it comes to thinking biblically about our investments.
As ...
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May 16, 2022 • 37 mins
You may have heard the terms “fee” and “cost” used as synonyms, but there is a distinction that could make all the difference in the world of investing. In this episode, Stephen Stricklin and Paul Brock discuss three major misconceptions many people have about fees and costs.
A fee is something you can “see,” usually in plain sight, and made known up front, sometimes deterring an individual from taking the plunge. A cost is somet...
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Are there better uses for your home equity? In today’s episode special guest Gabrielle Welter, along with host Stephen Stricklin, discuss everything reverse mortgages. Gabrielle is a reverse mortgage specialist in the Chicago area, and with 11 years experience in the financial industry, she has a lot to share.
Gabrielle debunks the negative connotation that a reverse mortgage is the “loan of last resort.” She gives an in depth lo...
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April 18, 2022 • 38 mins
Host Stephen Stricklin and Co-Host Paul Brock take on the topic of taxes in retirement in today’s episode, appropriately released on the tax filing deadline date of 2021. An exciting day for some, and dreaded for others, it’s a reality of our financial life we cannot avoid, and certainly a factor to consider when planning for retirement.
Stephen and Paul take a deep dive into some tax lingo. They bring listeners through five topi...
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April 4, 2022 • 33 mins
Retirement is not a cliff to jump off of, but an opportunity to build bridges grounded with your values and strengths.
In this episode, Stephen Stricklin is joined by guest Samantha Lane, an Associate Certified Coach who most often works with men and women making the huge transition to retirement. Samantha is passionate about helping individuals through major life changes, and being a guiding light for clients to find balance and ...
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March 21, 2022 • 35 mins
Joining host Stephen Stricklin is guest Mark Willis, financial advisor and owner of Late Growth Financial Services in Chicago IL, and Co-Host of his podcast Not Your Average Financial Podcast, on the topic of banking on yourself.
Graduating college with an immense amount of debt, and starting a new job at a CPA firm during the 2008 stock market collapse, Mark wondered “Is there something better than just climbing out of this hole...
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March 7, 2022 • 31 mins
Joining Stephen Stricklin for another podcast episode is our guest, David Rosell, financial planner, president and founder of Rosell Wealth Management, author of Failure Is Not an Option, and avid traveler. They discuss common risks that you should consider when planning for retirement.
Risks that occur in the distribution phase of retirement are inevitable. It’s up to us to be prepared with a plan when we meet these risks. The m...
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February 21, 2022 • 29 mins
Stephen Stricklin is joined by guest David Rosell, financial planner, president and founder of Rosell Wealth Management, author of Failure Is Not an Option, and world-wide traveler, as they discuss the reality of planning for retirement.
In his book, David combines his two passions, travel stories, and financial survival tips. He ties in his mountain climbing and travel adventures, with impactful advice about retirement. David sa...
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February 7, 2022 • 32 mins
Should inflation cause panic? Are spikes in inflation a new phenomenon? How will it impact my retirement?
Join our hosts Stephen Stricklin and Paul Brock for Season 4, Episode 3 as they answer these questions and more! They talk about the importance of considering inflation when relating to retirement, in this timeless episode designed to share with friends and family. Inflation, as defined by Investopedia, is the decline of purch...
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January 17, 2022 • 32 mins
"The biggest risk we face in old age, or maybe the second biggest apart from healthcare costs, is longevity risk - out running our money." - Laurence Kotlikoff
In this episode, Stephen Stricklin continues his conversation with Laurence Kotlikoff, a Professor of Economics at Boston University and best-selling author. They cover several more details about Laurence’s new book, “Money Magic: An Economist's Secrets to More Money, Less ...
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January 3, 2022 • 29 mins
Welcome to season 4 of the Simplify Your Retirement Podcast! Season 4 will be packed with exciting guests, and popular FAQ’s Stephen gets from clients.
In part one of this two-part interview, Stephen Stricklin is joined by Laurence Kotlikoff, a Professor of Economics at Boston University and a best-selling author. They discuss Kotlikoff’s brand-new book, “Money Magic: An Economist's Secrets to More Money, Less Risk, and a Better...
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December 20, 2021 • 25 mins
In this season of Simplify Your Retirement, we focused on the Wise Wealth mission of guiding investors on the path to financial significance, where they are free to give and serve and to enjoy a life like never before.
In this episode, Stephen Stricklin is joined by Bekah Stever, AAMS®, chief growth officer & director of compliance at Wise Wealth. Bekah helps us tie up the season as we look back at how Wise Wealth has given and se...
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December 6, 2021 • 29 mins
Being free to enjoy life in retirement is one of the missions of Wise Wealth. But you should be enjoying life all the time.
In this episode, Stephen Stricklin is joined by Jonathan Dold, a financial advisor at Wise Wealth. Jon is not retired, but he has been living the Wise Wealth mission of enjoying life for quite some time. He shares his background in finance, how he’s been enjoying life, and his experience with First Tee, a you...
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November 22, 2021 • 32 mins
What does retirement look like to you? How do you plan to enjoy your retirement?
In this episode, Stephen Stricklin is joined by clients Barry and Linda, who share how they are enjoying retirement, and how planning has made their retirement successful. He is also joined by a client, Jeff, who discusses the plans he and his wife Janie have for their own retirement.
They discuss:
Barry and Linda’s experience living in an RV and...
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November 8, 2021 • 29 mins
Everyone wants to go on vacation. But work often limits the amount of time you can spend away.
In this episode, Stephen Stricklin is joined by Mark Comfort, owner of Cruise Holiday and Comfort Tours & Travel. Mark dives into the third part of the Wise Wealth mission statement, the ability to be free to enjoy life, and the role of vacations within your retirement goals.
Mark discusses:
The importance of saving disposable inco...
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