The Safe Retirement Money Guy’s Podcast
Bill is a Certified Financial Fiduciary and upholds the highest standards of honesty, fairness, integrity and professionalism. Bill is a native Floridian and was transferred to Michigan in 1995 by his employer at the time, NBD Bank. Bill and his wife Charlotte have been married 41 years and have four adult children and three grandchildren. Bill received his Bachelor of Science Degree from Florida State University with a major in Finance and a minor in Real Estate. Bill has been helping clients manage their financial lives since 1988. Bill spent 13 years in banking as a Trust Officer in Florida and Michigan, 5 years as a broker with Smith Barney in Troy, MI and has owned his own firm since 2004, located in Almont, MI which is 40 miles north of Detroit. At the end of 2014 Bill exited the securities side of his practice to offer only “Safe Money” programs for his clients. While offering “At Risk” investments such as mutual funds, ETFs and individually managed portfolios of stocks and bonds as a licensed securities advisor, and now as a “Safe Money” professional exclusively, Bill has always put his clients’ interests first. While securities licensed, Bill maintained a perfectly clean record with FINRA, which you can check for yourself by going to FINRA Broker Check.
Episodes
In this episode of the Safe Retirement Money Guy podcast, host Bill Duggan, a Retirement and Income Specialist from Metro Detroit, discusses the pervasive issue of fake news in various domains, including financial news. He emphasizes the importance of honesty and the dangers of misinformation, especially when it comes to financial planning and retirement.
In this episode, Bill Duggan tells the fascinating story of Cliff Young, an Australian potato farmer who won the 1983 Sydney to Melbourne ultra-marathon at the age of 61. Cliff's unique running style, later known as the "Young Shuffle," and his surprising victory over much younger and more experienced competitors, made headlines worldwide. Duggan highlights the importance of perseverance, unconventional thinking, and breaking stere...
In this episode, Bill Duggan discusses various conspiracy theories, exploring their origins and the reasons why they gain traction among certain groups. He delves into the psychology behind why people believe in conspiracy theories, touching on factors such as distrust in authority, the need for simple explanations to complex problems, and the role of social media in spreading these theories. Duggan also examines a few specific con...
Bill opens with a historical reference to the proverb, "you can't have your cake and eat it too," highlighting its relevance to retirement planning. He provocatively suggests that, contrary to popular belief, individuals can indeed safeguard their finances while pursuing growth opportunities.
Employing a thought-provoking scenario, Bill underscores the profound impact of market crashes on retirement funds, emphasizing the challenge...
Bill begins by reflecting on the aphorism, "scared money makes no money," acknowledging the truth in taking calculated risks for financial growth. However, he warns against the unseen costs of potential losses and the toll they take on individuals' peace of mind, especially as retirement looms closer.
Highlighting the unpredictability of market fluctuations, Bill introduces fixed indexed annuities as a strategic tool for principal ...
Using analogies from insurance practices, Bill underscores the importance of mitigating risks despite their minimal probabilities. Just as homeowners insure their properties against fire or individuals purchase life insurance to protect their loved ones, he advocates for insuring retirement funds against market volatility.
Bill highlights the statistical likelihood of market losses, urging listeners to consider strategies like fixe...
Bill starts by debunking the common fixation on investment returns without considering their purpose. He highlights the significance of asking, "For what purpose?" when assessing investment strategies, as emotions tied to gains or losses can cloud financial decision-making.
Drawing parallels between building a house and building a retirement plan, Bill underscores the need for a clear purpose in financial endeavors. Just as a house...
Bill begins by recounting a conversation with a listener, Joe, who mentioned his friend's impressive 22% investment return. Bill challenges the notion, questioning whether the gains were realized or merely theoretical. He elucidates the fallacy of measuring success based on isolated investment returns without considering the overall financial picture.
Highlighting the importance of long-term financial security, Bill introduces fixe...
Introducing the concept of fixed indexed annuities, Bill offers a solution that provides opportunities for market-based gains without risking losses. He highlights the importance of safeguarding retirement income against longevity risk, emphasizing the need to live retirement to its fullest potential without financial constraints.
Listeners are encouraged to envision a retirement plan with a guaranteed income floor, providing peace...
Bill begins by highlighting the pitfalls of traditional financial planning, where questions about risk tolerance often overshadow crucial inquiries about income needs and guarantees. Drawing parallels between college degree planning and retirement planning, he stresses the necessity of prioritizing financial security over arbitrary investment decisions.
Title: "Don't Worry, Be Happy: Securing Your Retirement with Fixed Annuities"
Summary: Step into the world of guaranteed retirement happiness with host Bill Duggan on the Safe Retirement Money Guy podcast. In this episode, Bill expertly weaves together insights from Bobby McFerrin's timeless anthem "Don't Worry, Be Happy" with the practical wisdom of retirement planning.
As Bill reflects on McFerrin's song and its universal appeal,...
In this episode, Bill delves into the prevalent yet often misunderstood concept of spend down income planning. He reveals the flaws in traditional spend down strategies, emphasizing the speculative nature of growth estimates and the risks associated with market-based accounts. Bill contrasts this with annuity-based income planning, which offers contractually guaranteed outcomes, ensuring financial security without reliance on uncer...
In this episode, Bill delves into the transformative potential of fixed indexed annuities, shedding light on how these insurance products can shield your retirement funds from the uncertainties of the market.
Host Bill Duggan invites listeners to ponder the contrast between the thrill of success and the agony of loss within the confines of a casino. Drawing a parallel to the unpredictability of market investments, the episode challenges conventional wisdom by proposing a retirement strategy that shields one's hard-earned savings from the relentless whims of market volatility.
Listeners are encouraged to rethink traditional investment strategies that rely on complex financial instruments and instead consider simpler, more secure options. The episode underscores the significance of proactive financial planning, emphasizing the value of protecting retirement savings from unpredictable market forces.
Bill discusses the importance of understanding how to take your social security benifits.
Bill discusses the importance of considering long-term care when planning for your retirement.
Bill compares some retirement plans to the game show Deal or No Deal.
Bill discusses how he likes to look at saving for retirement as a plan for living, rather than a plan for dying.
Popular Podcasts
The Podium: An NBC Olympic and Paralympic podcast. Join us for insider coverage during the intense competition at the 2024 Paris Olympic and Paralympic Games. In the run-up to the Opening Ceremony, we’ll bring you deep into the stories and events that have you know and those you'll be hard-pressed to forget.
In The Village will take you into the most exclusive areas of the 2024 Paris Olympic Games to explore the daily life of athletes, complete with all the funny, mundane and unexpected things you learn off the field of play. Join Elizabeth Beisel as she sits down with Olympians each day in Paris.
Listen to the latest news from the 2024 Olympics.
The 2024 Summer Olympics in Paris are here and have everyone talking. iHeartPodcasts is buzzing with content in honor of the 33rd Olympic Games and you can follow Paris Summer Games to stay up to date on all things Olympics. We’re bringing you episodes from a variety of iHeartPodcast shows to help you keep up with the action. Follow Paris Summer Games so you don’t miss any coverage of the 2024 Olympic Games, and if you like what you hear, be sure to follow each Podcast in the feed for more great content from iHeartPodcasts.
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations.