January 11, 2026 • 43 mins
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Speaker 1 (00:00):
You worked hard for your money, but do you know
how to make it work hard for you. You need
a team with experience, vigilance, and a strategy to help
you live the retirement you deserve. Find your financial safe
haven with Haven Financial Group. Today you're listening to the
new and improved Haven Financial Group Radio Show, where we
bring you comprehensive weekly financial wisdom from the professionals. It's
(00:23):
all about helping you solve retirement problems so you can
make your nest egg last. Your tune to the Haven
Financial Group Radio Show with your host Larry Kolvig and
Kim Karrigan your guides to weekly retirement confidence. If you're
interested in protecting and growing what you have, let us
be your financial safe haven. The full nines are always
(00:44):
open at six point two, five oh four eighty four hundred.
Now get your financial questions ready because the Haven Financial
Group Radio Show starts now.
Speaker 2 (00:55):
Good morning, and welcome to the Haven Financial Group Radio Show.
I'm Larry Kolvig, under and CEO of the Haven Financial Group.
Speaker 3 (01:02):
Thanks for listening.
Speaker 2 (01:03):
Every week we talk about retirement, what's going on in
the economy, the dues and don'ts, what what you want
to prepare for in retirement, so it's good to have you.
Feel free to give us a call at six one
two five zero four eighty four hundred or visit us
online at Havenfinancial Group dot com. We're getting well into
the new year, Kim.
Speaker 3 (01:22):
Good to be with you.
Speaker 4 (01:23):
It is great to be with you, and you're right.
Speaker 5 (01:25):
We are moving right through January, which by the way,
is just fine with me.
Speaker 3 (01:31):
Just keep going.
Speaker 4 (01:32):
It's it's you know, it's slate.
Speaker 5 (01:34):
May that I want things to really slow down. Well,
we've got a great show for everybody on this Sunday.
Let's take a look at our topic what makes a
fulfilling retirement, which I think is interesting because I think
for everybody that's something different. But there are some guidelines
that we want to share with you that you might
want to start to think about recent inflation numbers and
your retirement lifestyle, for example, habits that can help you
(01:57):
live happy in retirement, turning your hobbies into passions. And
then finally, we do want to talk about retirement lifestyle,
the mistakes that you want to keep an eye on
because those could affect certainly whether you're happy or having
a fulfilled retirement.
Speaker 4 (02:12):
Would you agree though, Larry.
Speaker 5 (02:14):
These are some guidelines maybe, but everybody's retirement is different.
Speaker 2 (02:17):
Everybody's different, our passions, our hobbies are different. But for retirement,
it takes it kind of a well rounded framework and
a well rounded retirement plan to execute what you really
want to accomplish in retirement. You know, winging it just
isn't a good plan in any capacity. So, you know,
those are the things we're going to talk about today
because I you know, for years, I've heard of those
(02:39):
you know, I hear those that have retired successfully are happy,
they still maintained a sense of purpose, and those that
are just twiddling their thumbs sitting on the recliner and
they're bored to death and retirement and you know, those
two individuals end up in different places, unfortunately.
Speaker 3 (02:56):
So again, we want to prepare the best.
Speaker 5 (02:58):
Beginding certainly affects people's retirement. I know at even Financial Group,
you guys do a really great job of putting together
retirement portfolios that take inflation into account, something that has
I'm sure in the last four to five years has
affected a lot of retirees who didn't.
Speaker 2 (03:19):
Do that, almost definitely, and we do, You're right, we
do to take that into consideration, and inflation is real.
You know, those financial advisors that don't factor that into
the equation, I just don't understand, because it is a
game changer, the purchasing.
Speaker 3 (03:33):
Power of the dollar.
Speaker 2 (03:35):
You're right, the last four or five years, it's wreaked
havoc on our money.
Speaker 3 (03:39):
It is trending down. We've headed in the right direction.
Speaker 2 (03:43):
Costs are still high though annual inflation stands at two
point seven percent as the last statistic I got from November,
above target a little bit because their target is two.
Speaker 3 (03:53):
But overall they're easing a little bit.
Speaker 2 (03:56):
So that's the good news as it relates to Social
Security because that's a big income stream that as Americans
we rely on. The stable inflation that led to a
two point five percent cost of living adjustment for this year,
not as big as those really high inflated years, but
at least it's something. I mean, again, it's not a lot,
(04:17):
but it does increase those monthly incomes and that helps.
Speaker 5 (04:22):
We're talking about inflation and how it affects your retirement years,
and we're saying that, you know, the last four or
five years have been really tough on a lot of
retirees who maybe were not planning for the inflation that
we've seen. You know, obviously the rate two point seven.
Social Security, it effects, it certainly has affected healthcare costs,
(04:44):
which is a very expensive part of retirement.
Speaker 2 (04:47):
Yes, so many times I've said this on air that
oftentimes the healthcare is underestimated, those costs can be exorbitant.
Speaker 3 (04:56):
We want to plan for those.
Speaker 2 (04:57):
You know, the health care insurance world and is just
kind of a mess right now, no matter what side
you're on, it's a mess, you know, insurance companies and
the costs associated with it, and it's a big number.
And that's why Glennon Isabella at Haven Financial Group, in
our office, we're able to help a lot of people
make good decisions in choosing their healthcare wisely through either Medicare,
(05:20):
annual enrollment, bridging the gap if you're retiring, or you
leave the workforce before sixty five. These are all very
important decisions that we're able to assist. And you had
mentioned we just talked social security. It's why we teach
and we've already taught a couple classes this year, social
Security and tax class. Both of them were pretty much full,
(05:44):
so there's an eagerness to learn, which is why we
always say education is so important. So I'm going to
encourage listeners to go to our website Haanfinancialgroup dot com.
We've got all of our classes on the website. Again,
it's a very interactive website. There's a lot of re
sources there, but all of the education classes from social
security and tax to wills, trusts and legacy planning from
(06:08):
medicare made simple. Some investment classes we're utilizing our educational
new Education Center. We got some really good classes there,
and I want to stress one. We've hired a doctor
Mark Milstein from California to come in and do a
book signing in a speaking engagement about health and wealth.
(06:31):
It will fill up quickly, but I encourage people to
take advantage of that.
Speaker 3 (06:35):
You say, why do you do so much education?
Speaker 2 (06:38):
Because people We want people to make educated decisions, not
fly by the seat of their pants to go, well,
my buddy did this, so I guess that was the
way we should have done.
Speaker 5 (06:46):
Now, and your retirement is not someone else's retirement. That's
Evenfinancialgroup dot com folks. If you want more information about
some of those seminars and that wonderful speaker who's coming
in to talk about finances and health. So, Larry, we've
talked about a few of the things that inflation, ways
that inflation can affect retirement, social security, and we'll talked
about healthcare obviously, food and energy, my goodness, we've all
(07:08):
seen it at the grocery store, and interest rates which
is impacting maybe some investments. But let's talk about how
Haven Financial Group puts together a portfolio for your clients
that takes inflation into account.
Speaker 4 (07:20):
How do you do that?
Speaker 2 (07:22):
Well, let me walk the listeners through what our Haven processes.
I think that's a good place to start, because we
don't start with the portfolio. We start by obviously getting
to know somebody, introducing ourselves and getting to know who
we're sitting across the table with, either by referrals, which
we get a lot of, or through these classes which
(07:42):
people can come in and there's no cost for these consultations.
There's no surprises, and we ask a lot of questions,
we take notes, and I love when people say, wow,
nobody's ever asked me that ever before. And from there
we'll do it that's the discovery meeting. From there, we'll
do a strategy session, saying come up with some ideas recommendations, suggestions,
and then if people think, wow, these guys aren't that bad,
(08:05):
we would do an implementation process and onboard them walk
them through. That requires more attention at the beginning, just
to get on the same page, making sure we're sharing
in the resources that we can give to them. And
then it's ongoing. It's monitoring and adjusting things on the
fly with this high inflation, maybe making some changes to
(08:27):
their portfolio, you know, treasury inflation protected securities, just utilizing
a well rounded, diversified portfolio, where oftentimes we see people
have all their eggs in one basket and that oftentimes
doesn't bode well in these high inflationary times.
Speaker 5 (08:44):
Are you surprised by the idea that some preparers and
some financial advisors don't take inflation into consideration when putting
together a plan.
Speaker 2 (08:56):
Oh, I'm shocked by it. I mean, and you say, well,
why would they do that? I have no good answer
for that, because it is a game changer. We when
we build out plans the team, you know, we want
to plan for the plan for the worst, and hope
and pray for the best, and we use a higher
inflation rate thy than history because of that. Well, if
(09:20):
the numbers are better than what we anticipate. Great, but
we don't want them to be worse. So we want
to be as accurate as possible. And that's that's the
value of having a really good partner that you can
lean on. I've said them many times, retirement is more
than a meeting once a year for forty five minutes
to an hour. That's not the attention you deserve. And
you should be getting more attention than those.
Speaker 4 (09:41):
Two ways about it.
Speaker 2 (09:42):
Well.
Speaker 5 (09:42):
Inflation it can be a quiet eroder of your retirement savings,
and that's certainly not something that you want. It'll change
your lifestyle and that's not something you want. So even
if you've already got a plan, maybe you need to
bring it into Haven Financial Group and have it tested.
Let them take a peek at it, make sure that
you're planning for inflation, or if you're just looking to
(10:03):
put together a plan.
Speaker 4 (10:04):
Give the folks at Haven a call.
Speaker 5 (10:05):
It's six one two five zero four eighty four hundred
six one two five zero four eight four zero zero.
Tell them you heard us here on the radio and
you'd like to come in. It's free sit down, and
you heard how Larry how they work there at Haven
Financial Group. You just walked through the process. It's a
fun one and it's exciting. And I hear they have
fabulous coffee. I get at six one two five zero
(10:28):
four eight four zero zero. When we come back, let's
talk about some of the habits that you.
Speaker 4 (10:33):
Might have in retirement.
Speaker 5 (10:34):
It could make your life happy and healthy.
Speaker 4 (10:38):
This is the Haven Financial Group Radiation.
Speaker 1 (10:40):
Don't go too far. We're gathering more important insights and
retirement ways Devin the Haven Financial Group Radio Show. We'll
be right back. Stick around, you've got questions, We've got answers.
Your tune to the Haven Financial Group Radio Show with
your host Larry Kolvig and Kim Karragan. Now back to
the show.
Speaker 3 (11:01):
Welcome back listeners.
Speaker 2 (11:03):
My name is Larry Colvic, founder and CEO of the
Haven Financial Group. And if you're just tuning in, you're
listening to the Haven Financial Group Radio Show where every
week we talk about retirement things you can do when
you should be doing. Having a plan and not just
a plan with your money, which is important, and we
do wealth management and we're certainly not small, but as
(11:24):
state planning you know, is a big part of that
with our partners with Kerry and Keith at provision law,
and then also with the insurance aspects with medicare and
healthcare and making good decisions there all of the retirement
puzzle pieces and making sure you have all the pieces
to the puzzle and you don't get done to the puzzle.
(11:45):
And a lot of people are doing puzzles now because
we're's winter in Minnesota if you haven't noticed. So those
are the areas that we are very proud to have
helped the last people now entering our eleventh year, and
we're very absolutely.
Speaker 5 (11:58):
I always say it's one stop shop if that's in
fact what you like, and I think it's a great thing, Larry.
You know, people can come in and the right hand
can speak to the left hand, so when you're tax
planning and your estate planning, everybody knows what the other
is doing and everybody's on the same page.
Speaker 4 (12:16):
That's a real benefit.
Speaker 2 (12:17):
And that is the biggest compliment that I've gotten over
the years since we've been able to put multiple personalities
in all of these areas, is Wow, it's so nice
to come to one place and you guys are communicating
and talking to each other and things are working together,
coordinated or in unison and not working in different directions.
Speaker 3 (12:36):
So you're right.
Speaker 2 (12:37):
It was the goal when I started the company eleven
years ago, and thankfully it's come to fruition. And if
that sounds of interest, we'd love to visit with.
Speaker 5 (12:44):
Let's say he everybody the number at six one two,
five zero four eight four zero zero. We want to
continue our conversation about what makes a fulfilling retirement, and
obviously only you the listener knows what makes a fulfilling
retirement for you. We're talking about a few things that
we think are sort of common for a lot of people.
(13:04):
We chatted just a moment ago about inflation and making
sure that your retirement is inflation proof. Now we want
to talk a little bit about some of the habits
that you might live by. Larry, I know that I've
spoken to you and many other teammates, and one of
the things you guys all say is, yeah, we talk
about the numbers, and that's our primary job, but we
also do a lot of chatting about what makes a
(13:26):
good retirement with our clients. I mean, you guys care
about the people who walk through the door.
Speaker 2 (13:31):
Yeah, that's why we're doing that. Health and Wealth seminar.
It's because they go hand in hand. And if health
is a game changer, and again with life doesn't cooperate
with our calendar because health sometimes steps in and intervenes
and interrupts things. So prioritizing health, you know, engaging in
regular physical activity, maintaining a balanced diet. Now we just
(13:53):
came off the holiday season.
Speaker 3 (13:54):
I get it.
Speaker 2 (13:55):
But maybe getting back to more of a stricter regimen
than you had over those two weeks, it all strengthens
the immune system, improves mental well being.
Speaker 3 (14:05):
Maybe that's going on walks.
Speaker 2 (14:07):
I have clients that you know, we had them all
America here, they go to them all America and walk
in them all America. Actually, I've heard more of that
than you would think. Or fitness classes or one of
the popular ones is pickleball. It's very popular. That is
if you have good knews of course, and so at
the end of the day, health has to be a
(14:27):
priority because I've seen that interrupt too many retirements, way
too hard.
Speaker 5 (14:32):
Well, I think that bad health obviously interrupts what you
had planned, but it's also a financial burden.
Speaker 3 (14:38):
Correct, Yes, it can be.
Speaker 2 (14:41):
That's when we get to the health care and so
That's why they say, and numerous people have said it,
that you have the early years of retirement, which is
the go go years, you have the middle years, which
you start slowing down, the slogo years, and then you
get to a point where the Nogo years and the
no go years tends to be where healthcare, those type
of expenses increase. So when we build out a plan,
(15:04):
you know, we factor in the early years. Maybe you
still travel and you want to do the things, so
the costs go up, and then they go down a
little bit, and then potentially they go back up a
little bit.
Speaker 3 (15:14):
We hope not. Uh.
Speaker 2 (15:15):
That's why staying in the best shape possible. Another one
in you know, I'm in the We're in the people business,
so i do a lot of public speaking and I'm
talking to people all week.
Speaker 3 (15:25):
And some may know my.
Speaker 2 (15:26):
Wife, Chelle is a social butterfly, the office manager at
the office, and she can literally talk to people seven
days a week. But by by the weekend, I have
to say I have to turn it off a little bit,
and she goes, you're never social on the weekends. I'm like, well,
I talk for a living five days a week. So
but for retirees that is an important piece because your
(15:48):
friends at work probably were the ones you talk to
a lot. Now you're retired and maybe you can only
talk to your spouse so much.
Speaker 3 (15:55):
I'm just kidding. I shouldn't have.
Speaker 4 (15:57):
Said that's relationship.
Speaker 3 (16:00):
I know. I know, I'll soon as you to point
that out.
Speaker 2 (16:03):
But those relationships you got to have some activities where
there's where there's some social so pick up on that.
Maybe it's continuing education. I've just had one of my
clients so retired last year. That's what he did. He
didn't have his.
Speaker 4 (16:17):
Degree, and uh no, fantastic.
Speaker 2 (16:20):
You know it's in something that he really wanted to.
I have a brother in law that owns a medical
staffing company in the Twin Cities here, who's kind of
He says he's still working, but we know that's not
exactly the case, and he's going to go Actually he's
always wanted I didn't know this go to to go
(16:41):
to auctioneer school, and I didn't blame at first. So
guess what, he's going to auctioneer school in March. So
it's whatever you've had on your to do list or
the goal list that you haven't accomplished that guess what
maybe that's what you should you should set out to do.
Speaker 5 (16:56):
I love the idea too of maybe you know, all
your work life you didn't have time to give back
the way you wanted to, And I think giving back
is really important in your retirement years.
Speaker 2 (17:06):
Numerous of our clients are big into volunteering. You know,
they're big into it. It's a passion of theirs, whether
at the hospital, whether at the church, of a whole
bunch of different ways you can do it. So I
completely agree. And you know what's better than helping others
you know that.
Speaker 3 (17:20):
Really need to you very fulfilling.
Speaker 2 (17:24):
And again another one is because we you know, we
visit with lots of different personalities, as a lot of
people do. But maintaining a positive attitude is so extremely
important because, let's face it, we have those that are
negative elais and those that are super positive. An opt
mystic approach goes a long ways. It creates resilience, more happiness,
(17:45):
and isn't that what you really want in retirement? And
I would have to say, maybe something that we could
do to accomplish that is maybe turn off the.
Speaker 3 (17:56):
News a little bit more.
Speaker 2 (17:57):
Now we appreciate the listeners listing and I'm not saying
don't listen or watch any news, but in some people
in retirement, they have a lot of time on their
hands and they never turn the news off, so they're bombarded,
no matter which side you're on, with negative, negative, negative,
and negative.
Speaker 3 (18:14):
And a human being can only take so much of that.
Speaker 2 (18:17):
So that might help to create that positive attitude, because
we have to mind our model has always been faith,
not fear, and if you're living in fear twenty four
hours a day, seven days a week, that is not
a good recipe for retirement.
Speaker 5 (18:33):
You know another thing that you've said many times here
on the show, but I think it bears repeating. You
really want to sort of strategize about how you go
about your retirement.
Speaker 4 (18:42):
I love the idea that you've.
Speaker 5 (18:43):
Said, think seriously before you retire January first, if you
live in Minnesota, for example, because it's snowing and it's cold,
and that may not get you outdoors or get you
move in the way you should. And if both you
and your spouse are going to retire, maybe you want
to think about doing it too different times.
Speaker 2 (19:01):
Yeah, A popular one of staggering at thirty days just
to kind of ease into it.
Speaker 3 (19:05):
And you're right. In Minnesota.
Speaker 2 (19:07):
Numerous times I've heard, Wow, I sure wished I wouldn't
have retired in October, November, December because it was a
long winter. And again I didn't want to slip on
the ice and I'm not really into winter sports, and
I wished I would have retired in the spring. So
it's a consideration that people should look at. And another
thing is, you know, we talk weekly about having a
financial plan creates financial stability, knowing where your money's going,
(19:33):
having a partner that you can rely on to make
sure it is it's doing what it's supposed to be
doing that can reduce stress in itself. And then we
just came off the new year, and you know, some
people call it resolutions. I call it goal setting, setting goals,
you know, to get to somewhere, you got to have
a plan as well. And I'm not not breaking but
(19:56):
it's something that I've been very, very good at for
the last dozen years. I don't know if you've done
your goals for the year yet. Yes, I have, they're
in my office down. Oh, I guess you already did.
So I think setting goals is important. Maybe that's being
the new year, we just had a will, trust and
Legacy class. You know, people have been talking about putting
in a state plan together for ten twenty thirty years.
(20:17):
Why not this make Why not make twenty twenty six
the year that you accomplish that, or have a financial plan,
or just have to find a new partner. Maybe you're
not getting that attention, and at Haven Financial Group we
would love that opportunity in any capacity in any of
these retirement areas, because that's really what our specialty.
Speaker 5 (20:37):
It's a new year and it can be a new you.
The number is six one two five zero four eight
four zero zero. That's how you get hold of the
folks at Haven Financial Group. Tell them you hurt us
here on the radio and you'd like to set up
a free consultation. Come in and meet the team and
say if this is a partnership that you can move
forward in the new year.
Speaker 4 (20:57):
Again, it's six.
Speaker 5 (20:58):
One two five zero four eighty four hundred.
Speaker 4 (21:01):
When we come back.
Speaker 5 (21:03):
Turning your hobbies into passions, that's right.
Speaker 4 (21:06):
Here on the Haven Financial Group Radio Show.
Speaker 1 (21:09):
Ready to find your financial safe haven. Your dream retirement
is in reach. Don't go away. The Haven Financial Group
Radio Show will be right back are you worried that
your financial strategy might be missing something, Well, you're in
the right place. Larry Kolvig is back and ready to
help you find your financial safe Haven.
Speaker 2 (21:31):
Good morning once again, and welcome to the Haven Financial
Group Radio Show. I'm Larry Kolvig, Founder and CEO of
the Haven Financial Group. I hope your twenty twenty six
is off to a great start, and feel free to
give us a call. We'd like to enter the new
year visiting with you. Six one two, five zero four
eighty four hundred our visitors at Havenfinancialgroup dot com. Check
(21:53):
out all of our educational classes. Attend them. You're more
than welcome to attend them, most of them. Oftentimes there's
a waiting list, and again they truly are education. Materials
are provided, and again, what's better than education, especially as
we get closer to retirement. Because I've said for years,
do we all remember those classes growing up that taught
(22:16):
us how to make all the perfect retirement decision? And
I have yet to really have anybody say, yep, I
remember all of those Perhaps if you do, Kim.
Speaker 3 (22:25):
Let's let me go.
Speaker 5 (22:26):
I'm lucky if I can remember yesterday, and I know
I did get those classes.
Speaker 4 (22:30):
That's for sure.
Speaker 5 (22:32):
Before we continue our conversation about a fulfilling retirement, I
want to ask you a couple of quick questions because
I know here we are the first month of twenty
twenty six, and it really this is the time to
start thinking about tax issues because you know it's easy,
and I know you say this all the time, Larry.
It's easy to just take your taxes over and drop
(22:54):
them off and get them back and say, wow, I'm
writing another check again this year?
Speaker 4 (22:58):
What is going on?
Speaker 5 (23:00):
It seems to me this is the time that you
want to meet with the tax expert and start making
some plans. So this year maybe turned out a little different.
Speaker 2 (23:08):
Yeah, With the start of the new year, people will
start receiving those tax davids from those investment accounts wherever
you're getting interest, so they'll start getting those most people
a lot of people know that Lance Larson is our
CPA at Even Financial Group and his assistant Melissa, we
have taken a lot of appointments for his first quarter
(23:29):
already because of tax preparation. Want to be proactive. But
then again, how that would start is bringing your stuff in,
having a consultation with him, right now, a lot of
people just all they do. You said it very eloquently.
They drop off and pick up, and they don't even
talk to their financial person and they miss opportunities. Fourth quarter,
(23:53):
we did a lot of roth conversion, We did a
lot of tax planning. We executed some trades and tax
loss harvesting a variety of things. But that was done
because we had conversation with our clients. Just last week,
I had two different newer clients, newer couples that came
on board, and they missed opportunities. They missed the deadline,
(24:14):
and they did it. They missed the deadline because nobody
helped them, nobody talked to them, and they didn't know
any different. It wasn't their fault. Who was that fault was?
Speaker 3 (24:24):
There was no assistance.
Speaker 2 (24:26):
So right now is really good time to have that
tax meeting. Schedule your tax preparation meeting. And then, of
course it doesn't end with April fifteenth, It doesn't lance
at that point says, let's get this together in the summer.
Let's get together in the fall. At least, let's see
where we're at and guess what it leads to. No surprises,
(24:50):
no big tax bills, that you weren't planning on. And
guess what, people leave his office smiling. Yes, you can
leave it not tax person's office smiling because they knew
exactly what to expect.
Speaker 3 (25:03):
You don't find that for me.
Speaker 4 (25:04):
No, you really don't.
Speaker 5 (25:05):
And it really is important because I think sometimes we
do get just too comfortable, frustrated but comfortable, and we
write a check and we're frustrated with it, but we
do it, and maybe we've missed an opportunity. So again,
if you have some interest and you'd like to talk
to somebody about your taxes, let's you know, start there
six one two, five zero four eighty four hundred of
(25:26):
the folks that have been financial group can certainly help
you out. We've been talking about a fulfilling retirement, not
just a retirement, but a fulfilling retirement. And there's a difference.
You know, you can you can not go to work
and sit on the couch, or you cannot go to
work and start to really live. We've talked about a
number of things and we now want to just chat
(25:47):
a little bit about turning your hobbies into passions. I'm
not sure, Larry, when people get ready to retire and
as a part of I think what keeps some people
from retiring. They're afraid that they don't have enough hobbies
and they don't have enough passions to fill their time.
Speaker 3 (26:03):
True, true, some people have a lot.
Speaker 2 (26:05):
A lot of people don't have any. So what is
your purpose going to be? What are you going to
fill your time in retirement with? Engaging in those hobbies
we talked about, can enhance enhance mental and physical well being.
It can provide some structure, you know, going to the
gym for a couple hours. It can you might build
some new social connections. I just want to mention some
(26:26):
of the things that we have heard many, many times
from retirees that are happy. Hopefully they planned accordingly. And
all these hobbies I'm going to talk about, they all
cost money. So that's why it's important to factor these
into your retirement plan. But a lot of my clients
they love to travel. Well, I like to travel, My
wife likes to travel, explore new new destinations. People ask
(26:50):
me all the time, are you going to do what
you think? You're going to buy a house in a
different state. Well, act the answer right now is no,
because then I feel obligate. I got to go to
this place every time, and we'd like to explore new ones.
We're gonna be heading on our thirty year wedding anniversary
bucket list to a new destination. If you want to
(27:10):
know where it is, come on in and visit with me.
Six one, two, five, four hundred. One that is popular
is gardening. You know, I have a Beverly at her office,
her and her husband. She's still working with us part
time and she's a bundle of joy. But they do
a lot of gardening. A lot of our clients do
a lot of gardening. And what's better than fresh produce.
(27:33):
Remember I grew up on a dairy farm. Grandpa and
grandma had a huge garden, and every spring my dad's
having fresh vegetables, and I'm like, would you please send
some towards me? So gardening is a big one. You know,
Golf a lot of clients. I love golf. Now, I'm
going to preface it by saying I almost pursued golf
as a career, but then I started this company eleven
(27:55):
years ago and I haven't played golf since. And I'm
not complaining I almost pursued it as a career, but
I have to say we did a family event over
the holidays, and we went to the new launch pad
in Prior Lake, which is kind of like top Golf
brand new place, really good and I'm not trying to
plug a launch pad in Prior And I swung a
(28:16):
golf club for the first time eleven years.
Speaker 3 (28:19):
By the way, that's outside it was.
Speaker 2 (28:21):
It was freezing cold, and because there was when the
heater wasn't doing what it was supposed to, I could
tell I had swung a golf club in twelve years.
Eleven years, that's for sure. But it was a great
family event and it was fun. So again that's just
some of thing. There's many others as.
Speaker 5 (28:35):
Well, you know, in the Twin Cities area in the
summer months, fishing, I know has to be something I'm crafting.
And of course, like we mentioned, volunteering and learning. I
think those are two that are really important to a
lot of people. To extend your learning and to your
you know, you keep your mind active, I think that's
(28:56):
so important. And to volunteer to help others and pay back.
I think that makes a big difference in people's lives. Yeah,
if you stop and you think about it, Larry, you
probably have more interests and more hobbies than you might think.
You just never sort of turned them into they were
when you got a second they weren't. Wow, I'm going
(29:17):
to get up on Tuesdays and that's what my tuesdays
are going to be filled with.
Speaker 2 (29:21):
Yeah, So now if you have more time on your hands,
why don't you utilize it. Another one that you might
find interesting is I can think a loud of several
of my clients that sing in the church choir. They
just did the Came Off Christmas, the Christmas Choir cantata.
Speaker 3 (29:37):
So music is something.
Speaker 2 (29:39):
I have several clients that, even in retirement, they do
gigs and they're in bands. I won't mention their names,
but actually several clients that are in bands. This one's
not for me, but I've married a really really good
cooking classes. I hear that quite often. Actually you won't
find me at that class, but that's because I'll leave
(29:59):
that up to Rochelle.
Speaker 4 (30:00):
Well, I'll tell you.
Speaker 5 (30:01):
And the other thing that I hear that's kind of
a common thread through all of these is that they
are also a social event. There are other people there
and it's opportunities to interact.
Speaker 4 (30:11):
And you said this earlier, and it's so true.
Speaker 5 (30:14):
Much of our friend base is at work, and when
you're no longer going there, you're sort of out there,
no pun intended fishing for a new crew. And these
are great social events as well.
Speaker 3 (30:26):
They are, they absolutely are.
Speaker 2 (30:29):
We actually do some women and wine events, we do
some other events. So again I encourage listeners to go
to our website check out those events and classes. We
like to have a lot of fun with these retirement topics.
Some of these can get a little boring, let's be honest,
but they're very, very important.
Speaker 3 (30:47):
You know I mentioned these hobbies.
Speaker 2 (30:48):
All of these hobbies, some more than others, costs more
than money. That's why a budget, an income budget and
income plan needs to support it.
Speaker 3 (30:59):
So do you have a plan? What is it?
Speaker 2 (31:02):
Has it been revisited, how long? Or does it need
to be modified and changed? Or if you can't answer
any of those, maybe it's time to pick up the
phone and come visit with somebody where you can have
some peace of mind to know, Wow, we do have
a financial partner, a financial advisory firm, and that can
help us in any or all of these retirement areas.
Speaker 3 (31:23):
You don't have to do it alone. You don't know
you don't have to.
Speaker 2 (31:26):
Say I don't know what I have, And maybe that's
consolidation and simplification. I just had a forty five year
neo natal nurse in this week and she had things
sprout out all over the place, and she goes, I
need help putting this together.
Speaker 3 (31:43):
And guess what.
Speaker 2 (31:44):
We have the privilege that Haven Financial Group to be
able to do that, and it's what we do for
a lot of So if.
Speaker 5 (31:49):
You're looking for a partner, folks in twenty twenty six,
let's get started. Six one two five zero four eighty
four hundred. That's six one two five zero four eight
four zero zero. Get them a call today. All right,
when we come back our final segment of this show,
we're going to talk about some of the mistakes that
we want to sort of put out there, red flags
(32:10):
that you should be keeping an eye on to make
sure that your retirement isfilling and that you're not actually
sabotaging your lifestyle.
Speaker 1 (32:17):
M don't go too far. We're gathering more important insights
and retirement ways. Devinent the Haven Financial Group Radio Show.
We'll be right back. Stick around. You've got questions, We've
got answers. Your tune to the Haven Financial Group Radio
Show with your host Larry Kolvig and Kim Karragan. Now
back to the show.
Speaker 2 (32:39):
Good morning once again, and welcome to the Haven Financial
Group Radio Show. I'm Larry Kolvig, founder and CEO of
the Haven Financier Group, celebrating eleven years, and we encourage
you to give us a call if you have any
questions worries about retirement reservations, if you've had questions like
a lot of people do for years, why not get
those questions answered again six one two five oh four
(33:01):
eighty four hundred, or just shoot us an email at
info at Haven Financial Group. Anyway that you like to communicate.
We'll do our best to communicate or come in more
importantly that way. Most of our clients are eyeballs and
handshakes and it's more of a human relationship. Or if
you're a zoomer, we will do that, but it's not
(33:22):
our preference that will leave that for the younger generation.
Speaker 4 (33:26):
Yeah, who never talked face to face?
Speaker 5 (33:27):
Right all right again to number six one two five
zero four eight four zero zero. And also want to
remind everybody about the Haven Financial Group website. It's Hanfinancialgroup
dot com. That's where you find information about these informational seminars.
These educational seminars, they range in topics from social security
(33:49):
to taxes. I know that you guys have all different
topics that people can find there on the website and
different locations around the Twin City area where people can attend.
Speaker 2 (34:01):
We do, and we have them throughout the whole year,
and we got our first quarter. I think it's all
on the calendar, and you're right. We do a variety
of different educational classes and we'll be doing the local
police department again. Because we filled every class fraud prevention.
Every year it gets worse. So again I encourage anybody
that's listening, in clients or friends or family or anybody,
(34:26):
it's a great place to start, just to see, well,
who are these guys and maybe you'll be surprised. But
at the end of the day, it's all about retirement
and planning for it. And it's never two times, never
too early to start. If you're younger and you're listening
right now, there's a lot you should be doing to
prepare for successful retirement. Whether you're twenty or thirty or
(34:50):
forty or any age, now is the time to start
planning for it, because again, as far as money goes,
the power of compounding is powerful, and you might be
surprised at the end that when you get to retirement
how much that paid off in the long run.
Speaker 5 (35:04):
We've been talking about a fulfilling retirement and we wanted
to sort of end the show today talking about some
of the lifestyle mistakes that you should watch out for,
and we realized that a lot of these are just
the opposite of what we've suggested that you do do.
But I think sometimes we have to hear these out loud.
So if any of these resonate with you, you know, you
(35:25):
may want to come in and sit down with members
of the Haven Financial Group and say, hey, this is
a problem that I have and how could it be resolved.
Speaker 4 (35:33):
Let's start with the first one, which was one of
the things you want to do.
Speaker 5 (35:37):
Is take care of your mental health, and when you
ignore it, you really run into problems, especially in retirement.
Speaker 3 (35:44):
Yeah.
Speaker 2 (35:45):
Well, mental health is real, and I think there's a
variety of reasons why as a society it's become more
relevant that I ever remembered. You know, we lost our
jeweler this past year at about age fifty. Most upbeat
sort I've ever seen in my entire life, and mental
health got him. Probably was neglected, and we don't want
(36:06):
to neglect it. And without that work related to structure,
you know, retirees may face anxiety what do I do now?
Which can lead to depression and then cognitive decline. You
want to stay sharp, maybe you should be taking classes
or some sort of thing to stay sharp. Maybe that's
attending lectures, some sort of courses, you.
Speaker 3 (36:26):
Know, I find it.
Speaker 2 (36:28):
We send out a Haven quarterly newsletter every quarter and
in there, I think it's called it's a sadoku. Sadoku
and i'd ever know, you know how much people do these,
and so I think it was one quarter last year
we took out the sadoku and our quarterly newsletter. My
(36:49):
phone rang up like a Christmas tree because Larry, what
are you doing taking that out?
Speaker 3 (36:53):
We do this.
Speaker 2 (36:54):
We do this every single quarter, and we look forward
to it. I'm like, it's going to go back in
that quarterly newsletter reach single time. So it tells me
some retirees that we work with I try to stay sharp.
Speaker 1 (37:05):
I love that.
Speaker 5 (37:07):
We've mentioned it many times, but I think it's one
of the most important parts of retirement, and that's building
a social network. And when you fail to build a
social network, unfortunately what we just mentioned mental health becomes
an issue.
Speaker 3 (37:21):
Yeah, that's you got to have some You got to
be social.
Speaker 2 (37:24):
I mean, I know not all of us are social
all the time, but you've got to have some social skills.
So whether it's volunteering, as we talked about, joining some
sort of club, maybe you're still in a billiard's league,
I don't care what it is.
Speaker 3 (37:38):
Some sort of community activity.
Speaker 2 (37:40):
I think that should be certainly a priority, hanging out
with family and friends, whatever that may look like.
Speaker 3 (37:46):
And again and again.
Speaker 2 (37:48):
Another one is we talked earlier losing a sense of purpose.
There's got to be some meaningful that's going on in
your life. There's got to be some goals that you
need to be set. You got to do something. Another
one that I think is important, and I know a
couple of on our staff they mentor younger kids, they
do mentoring, or they bring in those that need help
(38:12):
for a short period of time. So there's a variety
of ways. Ones that we're not even mentioning. So staying active.
Another one where I have some that are really into
is believe it or not. Ballroom dancing. In fact, recently
I was with I think she's ninety years young, and
she ballroom dances about four or five years ago at
(38:33):
the age of ninety. So that's what she loves to do.
Guess what, she's still doing it until she can't do it.
Speaker 4 (38:39):
I love that. That's great.
Speaker 5 (38:42):
She's running through shoes she must be going for she's shopping,
she's dancing shopping dancing.
Speaker 4 (38:47):
That's terrific. And we've mentioned this so many times.
Speaker 5 (38:50):
But you know, travel it Travel doesn't have to always
be extravagant. You know, travel could be some of those
day trips that you wanted to do for such a
long time and again you had a place of work
and you couldn't get there.
Speaker 2 (39:04):
Yeah, it can be a variety of things. Things that
are expensive and those that aren't so expensive. I have
numerous clients that have, you know, a not so fancy
trailer or some sort of thing. They hang out in
state in state and national parks and they love it. It's
what they do. There's not a huge cost to it.
When I mentioned travel, what I will say to that
(39:26):
is sometimes people, have you started traveling or retirement yet?
Speaker 3 (39:29):
No, No, we're going to get around to it. We're
gonna get around to it. Well.
Speaker 2 (39:32):
Remember sometimes health plays a role in the planning and
in life. Do it why you can still do it
when you still can get around. I know we were
somewhere recently on a vacation, my wife and I and
we saw this elderly couple. Noted they're still traveling, but
(39:53):
they were really challenged in the traveling process getting around mobility,
ugging those suitcases. So do the travel when you can
still do the travel. Don't wait until you're not able
to do it in the way that you wanted to
do it well.
Speaker 5 (40:09):
You don't want to travel to be a burden. You
want that to be a fun and exciting.
Speaker 4 (40:13):
Thing to do.
Speaker 5 (40:14):
And I think finally larry the fact that all retirees,
regardless of what it is that you want to do
in your retirement, you need to somehow put together some
structure and routine because the fact of the matter is,
I don't care how much fun you're having, we all
need to get to some kind of routine at some
point we do.
Speaker 3 (40:34):
We have to have some structure. We just can't wing
it every day.
Speaker 2 (40:37):
And that may be a mix of exercise, a leisure activity,
a social activity, a meditation or a personal growth activity,
attending a Bible study a few times a week, whatever
that is for you, buddy, You're right, it takes structure,
and without that, you might find yourself sitting on that reclienter,
(40:58):
watching the news, putting yourself down through the negative Nelly news.
And that is not a good recipe for retirement. And
I hope people don't choose that.
Speaker 5 (41:08):
Retirement is a wonderful time in people's lives, it really,
and it can it can be anything and everything you
want it to be. But you need a plan, right Larry.
I mean, as you've said so much so many times here,
you know, hope is not a plan.
Speaker 3 (41:20):
Yeah, A failure to plan is a plan to fail.
Speaker 2 (41:23):
So as I talk about all the retirement puzzle pieces,
if you haven't looked at your portfolio, if you don't
know how much risk you have in it, if you
don't know what you're paying.
Speaker 3 (41:33):
It's the start of the new year.
Speaker 2 (41:34):
Maybe now is a good time a state planning, a
will or trust or legacy planning. You've been putting it off,
Now is a good time. A big focus of ours
this year is going to be not because people like
to talk about. It is going to be life insurance
reviews and long term care discussions. We don't want to
talk about them, but a lot of life insurance old
(41:55):
policies are eating themselves up and they're not going to
do what you want them to do. And surprise, and
it's not a surprise. You want to see long term care.
Nobody wants to talk about it. Yet seventy percent of
us are going going to go into a nursing home.
Statistics say there's much better options than there used to be.
Healthcare and medicare and insurance stuff is kind of wacky
(42:15):
right now. We want to make sure you're in the
right plans for the right cost, with the right carriers
and the right doctors. Do you have a partner in
those areas, tax planning and preparation? Now is the season.
Give us a call. We'd love to visit more about you.
All of this sounds may be overwhelming. It doesn't have
to be. With a good partner that can hold your hand,
(42:37):
walk you through it and have conversations as many as
you want. That can be accomplished, and you might really
be surprised.
Speaker 5 (42:44):
Six one two five zero four eight four zero zero
that's how you take the first steps to putting together
a portfolio that gives you a fulfilling retirement.
Speaker 4 (42:54):
Larry, thank you.
Speaker 3 (42:58):
Great to be with you. I look forward to next week.
I read have a blast week.
Speaker 5 (43:02):
Investment advisory service is offered through Guardian Well Strategies LLC.
Haven Financial Group and Guardian Well Strategies LLC are not
affiliated companies. Investments involve risk, and, unless otherwise stated, are
not guaranteed. Please consult with the qualified financial advisor and
or tax professional before implementing any strategy discussed herein and
comments regarding its safe and secure investments and guaranteed income
(43:25):
streams only refer to fixed insurance products.
Speaker 1 (43:27):
They do not refer in any way to securities or
investment advisory products. Fixed insurance and annuity product guarantees are
subject to the claims paying ability of the issue.
You worked hard for your money, but do you know
how to make it work hard for you. You need
a team with experience, vigilance, and a strategy to help
you live the retirement you deserve. Find your financial safe
haven with Haven Financial Group. Today you're listening to the
new and improved Haven Financial Group Radio Show, where we
bring you comprehensive weekly financial wisdom from the professionals. It's
(00:23):
all about helping you solve retirement problems so you can
make your nest egg last. Your tune to the Haven
Financial Group Radio Show with your host Larry Kolvig and
Kim Karrigan your guides to weekly retirement confidence. If you're
interested in protecting and growing what you have, let us
be your financial safe haven. The full nines are always
(00:44):
open at six point two, five oh four eighty four hundred.
Now get your financial questions ready because the Haven Financial
Group Radio Show starts now.
Speaker 2 (00:55):
Good morning, and welcome to the Haven Financial Group Radio Show.
I'm Larry Kolvig, under and CEO of the Haven Financial Group.
Speaker 3 (01:02):
Thanks for listening.
Speaker 2 (01:03):
Every week we talk about retirement, what's going on in
the economy, the dues and don'ts, what what you want
to prepare for in retirement, so it's good to have you.
Feel free to give us a call at six one
two five zero four eighty four hundred or visit us
online at Havenfinancial Group dot com. We're getting well into
the new year, Kim.
Speaker 3 (01:22):
Good to be with you.
Speaker 4 (01:23):
It is great to be with you, and you're right.
Speaker 5 (01:25):
We are moving right through January, which by the way,
is just fine with me.
Speaker 3 (01:31):
Just keep going.
Speaker 4 (01:32):
It's it's you know, it's slate.
Speaker 5 (01:34):
May that I want things to really slow down. Well,
we've got a great show for everybody on this Sunday.
Let's take a look at our topic what makes a
fulfilling retirement, which I think is interesting because I think
for everybody that's something different. But there are some guidelines
that we want to share with you that you might
want to start to think about recent inflation numbers and
your retirement lifestyle, for example, habits that can help you
(01:57):
live happy in retirement, turning your hobbies into passions. And
then finally, we do want to talk about retirement lifestyle,
the mistakes that you want to keep an eye on
because those could affect certainly whether you're happy or having
a fulfilled retirement.
Speaker 4 (02:12):
Would you agree though, Larry.
Speaker 5 (02:14):
These are some guidelines maybe, but everybody's retirement is different.
Speaker 2 (02:17):
Everybody's different, our passions, our hobbies are different. But for retirement,
it takes it kind of a well rounded framework and
a well rounded retirement plan to execute what you really
want to accomplish in retirement. You know, winging it just
isn't a good plan in any capacity. So, you know,
those are the things we're going to talk about today
because I you know, for years, I've heard of those
(02:39):
you know, I hear those that have retired successfully are happy,
they still maintained a sense of purpose, and those that
are just twiddling their thumbs sitting on the recliner and
they're bored to death and retirement and you know, those
two individuals end up in different places, unfortunately.
Speaker 3 (02:56):
So again, we want to prepare the best.
Speaker 5 (02:58):
Beginding certainly affects people's retirement. I know at even Financial Group,
you guys do a really great job of putting together
retirement portfolios that take inflation into account, something that has
I'm sure in the last four to five years has
affected a lot of retirees who didn't.
Speaker 2 (03:19):
Do that, almost definitely, and we do, You're right, we
do to take that into consideration, and inflation is real.
You know, those financial advisors that don't factor that into
the equation, I just don't understand, because it is a
game changer, the purchasing.
Speaker 3 (03:33):
Power of the dollar.
Speaker 2 (03:35):
You're right, the last four or five years, it's wreaked
havoc on our money.
Speaker 3 (03:39):
It is trending down. We've headed in the right direction.
Speaker 2 (03:43):
Costs are still high though annual inflation stands at two
point seven percent as the last statistic I got from November,
above target a little bit because their target is two.
Speaker 3 (03:53):
But overall they're easing a little bit.
Speaker 2 (03:56):
So that's the good news as it relates to Social
Security because that's a big income stream that as Americans
we rely on. The stable inflation that led to a
two point five percent cost of living adjustment for this year,
not as big as those really high inflated years, but
at least it's something. I mean, again, it's not a lot,
(04:17):
but it does increase those monthly incomes and that helps.
Speaker 5 (04:22):
We're talking about inflation and how it affects your retirement years,
and we're saying that, you know, the last four or
five years have been really tough on a lot of
retirees who maybe were not planning for the inflation that
we've seen. You know, obviously the rate two point seven.
Social Security, it effects, it certainly has affected healthcare costs,
(04:44):
which is a very expensive part of retirement.
Speaker 2 (04:47):
Yes, so many times I've said this on air that
oftentimes the healthcare is underestimated, those costs can be exorbitant.
Speaker 3 (04:56):
We want to plan for those.
Speaker 2 (04:57):
You know, the health care insurance world and is just
kind of a mess right now, no matter what side
you're on, it's a mess, you know, insurance companies and
the costs associated with it, and it's a big number.
And that's why Glennon Isabella at Haven Financial Group, in
our office, we're able to help a lot of people
make good decisions in choosing their healthcare wisely through either Medicare,
(05:20):
annual enrollment, bridging the gap if you're retiring, or you
leave the workforce before sixty five. These are all very
important decisions that we're able to assist. And you had
mentioned we just talked social security. It's why we teach
and we've already taught a couple classes this year, social
Security and tax class. Both of them were pretty much full,
(05:44):
so there's an eagerness to learn, which is why we
always say education is so important. So I'm going to
encourage listeners to go to our website Haanfinancialgroup dot com.
We've got all of our classes on the website. Again,
it's a very interactive website. There's a lot of re
sources there, but all of the education classes from social
security and tax to wills, trusts and legacy planning from
(06:08):
medicare made simple. Some investment classes we're utilizing our educational
new Education Center. We got some really good classes there,
and I want to stress one. We've hired a doctor
Mark Milstein from California to come in and do a
book signing in a speaking engagement about health and wealth.
(06:31):
It will fill up quickly, but I encourage people to
take advantage of that.
Speaker 3 (06:35):
You say, why do you do so much education?
Speaker 2 (06:38):
Because people We want people to make educated decisions, not
fly by the seat of their pants to go, well,
my buddy did this, so I guess that was the
way we should have done.
Speaker 5 (06:46):
Now, and your retirement is not someone else's retirement. That's
Evenfinancialgroup dot com folks. If you want more information about
some of those seminars and that wonderful speaker who's coming
in to talk about finances and health. So, Larry, we've
talked about a few of the things that inflation, ways
that inflation can affect retirement, social security, and we'll talked
about healthcare obviously, food and energy, my goodness, we've all
(07:08):
seen it at the grocery store, and interest rates which
is impacting maybe some investments. But let's talk about how
Haven Financial Group puts together a portfolio for your clients
that takes inflation into account.
Speaker 4 (07:20):
How do you do that?
Speaker 2 (07:22):
Well, let me walk the listeners through what our Haven processes.
I think that's a good place to start, because we
don't start with the portfolio. We start by obviously getting
to know somebody, introducing ourselves and getting to know who
we're sitting across the table with, either by referrals, which
we get a lot of, or through these classes which
(07:42):
people can come in and there's no cost for these consultations.
There's no surprises, and we ask a lot of questions,
we take notes, and I love when people say, wow,
nobody's ever asked me that ever before. And from there
we'll do it that's the discovery meeting. From there, we'll
do a strategy session, saying come up with some ideas recommendations, suggestions,
and then if people think, wow, these guys aren't that bad,
(08:05):
we would do an implementation process and onboard them walk
them through. That requires more attention at the beginning, just
to get on the same page, making sure we're sharing
in the resources that we can give to them. And
then it's ongoing. It's monitoring and adjusting things on the
fly with this high inflation, maybe making some changes to
(08:27):
their portfolio, you know, treasury inflation protected securities, just utilizing
a well rounded, diversified portfolio, where oftentimes we see people
have all their eggs in one basket and that oftentimes
doesn't bode well in these high inflationary times.
Speaker 5 (08:44):
Are you surprised by the idea that some preparers and
some financial advisors don't take inflation into consideration when putting
together a plan.
Speaker 2 (08:56):
Oh, I'm shocked by it. I mean, and you say, well,
why would they do that? I have no good answer
for that, because it is a game changer. We when
we build out plans the team, you know, we want
to plan for the plan for the worst, and hope
and pray for the best, and we use a higher
inflation rate thy than history because of that. Well, if
(09:20):
the numbers are better than what we anticipate. Great, but
we don't want them to be worse. So we want
to be as accurate as possible. And that's that's the
value of having a really good partner that you can
lean on. I've said them many times, retirement is more
than a meeting once a year for forty five minutes
to an hour. That's not the attention you deserve. And
you should be getting more attention than those.
Speaker 4 (09:41):
Two ways about it.
Speaker 2 (09:42):
Well.
Speaker 5 (09:42):
Inflation it can be a quiet eroder of your retirement savings,
and that's certainly not something that you want. It'll change
your lifestyle and that's not something you want. So even
if you've already got a plan, maybe you need to
bring it into Haven Financial Group and have it tested.
Let them take a peek at it, make sure that
you're planning for inflation, or if you're just looking to
(10:03):
put together a plan.
Speaker 4 (10:04):
Give the folks at Haven a call.
Speaker 5 (10:05):
It's six one two five zero four eighty four hundred
six one two five zero four eight four zero zero.
Tell them you heard us here on the radio and
you'd like to come in. It's free sit down, and
you heard how Larry how they work there at Haven
Financial Group. You just walked through the process. It's a
fun one and it's exciting. And I hear they have
fabulous coffee. I get at six one two five zero
(10:28):
four eight four zero zero. When we come back, let's
talk about some of the habits that you.
Speaker 4 (10:33):
Might have in retirement.
Speaker 5 (10:34):
It could make your life happy and healthy.
Speaker 4 (10:38):
This is the Haven Financial Group Radiation.
Speaker 1 (10:40):
Don't go too far. We're gathering more important insights and
retirement ways Devin the Haven Financial Group Radio Show. We'll
be right back. Stick around, you've got questions, We've got answers.
Your tune to the Haven Financial Group Radio Show with
your host Larry Kolvig and Kim Karragan. Now back to
the show.
Speaker 3 (11:01):
Welcome back listeners.
Speaker 2 (11:03):
My name is Larry Colvic, founder and CEO of the
Haven Financial Group. And if you're just tuning in, you're
listening to the Haven Financial Group Radio Show where every
week we talk about retirement things you can do when
you should be doing. Having a plan and not just
a plan with your money, which is important, and we
do wealth management and we're certainly not small, but as
(11:24):
state planning you know, is a big part of that
with our partners with Kerry and Keith at provision law,
and then also with the insurance aspects with medicare and
healthcare and making good decisions there all of the retirement
puzzle pieces and making sure you have all the pieces
to the puzzle and you don't get done to the puzzle.
(11:45):
And a lot of people are doing puzzles now because
we're's winter in Minnesota if you haven't noticed. So those
are the areas that we are very proud to have
helped the last people now entering our eleventh year, and
we're very absolutely.
Speaker 5 (11:58):
I always say it's one stop shop if that's in
fact what you like, and I think it's a great thing, Larry.
You know, people can come in and the right hand
can speak to the left hand, so when you're tax
planning and your estate planning, everybody knows what the other
is doing and everybody's on the same page.
Speaker 4 (12:16):
That's a real benefit.
Speaker 2 (12:17):
And that is the biggest compliment that I've gotten over
the years since we've been able to put multiple personalities
in all of these areas, is Wow, it's so nice
to come to one place and you guys are communicating
and talking to each other and things are working together,
coordinated or in unison and not working in different directions.
Speaker 3 (12:36):
So you're right.
Speaker 2 (12:37):
It was the goal when I started the company eleven
years ago, and thankfully it's come to fruition. And if
that sounds of interest, we'd love to visit with.
Speaker 5 (12:44):
Let's say he everybody the number at six one two,
five zero four eight four zero zero. We want to
continue our conversation about what makes a fulfilling retirement, and
obviously only you the listener knows what makes a fulfilling
retirement for you. We're talking about a few things that
we think are sort of common for a lot of people.
(13:04):
We chatted just a moment ago about inflation and making
sure that your retirement is inflation proof. Now we want
to talk a little bit about some of the habits
that you might live by. Larry, I know that I've
spoken to you and many other teammates, and one of
the things you guys all say is, yeah, we talk
about the numbers, and that's our primary job, but we
also do a lot of chatting about what makes a
(13:26):
good retirement with our clients. I mean, you guys care
about the people who walk through the door.
Speaker 2 (13:31):
Yeah, that's why we're doing that. Health and Wealth seminar.
It's because they go hand in hand. And if health
is a game changer, and again with life doesn't cooperate
with our calendar because health sometimes steps in and intervenes
and interrupts things. So prioritizing health, you know, engaging in
regular physical activity, maintaining a balanced diet. Now we just
(13:53):
came off the holiday season.
Speaker 3 (13:54):
I get it.
Speaker 2 (13:55):
But maybe getting back to more of a stricter regimen
than you had over those two weeks, it all strengthens
the immune system, improves mental well being.
Speaker 3 (14:05):
Maybe that's going on walks.
Speaker 2 (14:07):
I have clients that you know, we had them all
America here, they go to them all America and walk
in them all America. Actually, I've heard more of that
than you would think. Or fitness classes or one of
the popular ones is pickleball. It's very popular. That is
if you have good knews of course, and so at
the end of the day, health has to be a
(14:27):
priority because I've seen that interrupt too many retirements, way
too hard.
Speaker 5 (14:32):
Well, I think that bad health obviously interrupts what you
had planned, but it's also a financial burden.
Speaker 3 (14:38):
Correct, Yes, it can be.
Speaker 2 (14:41):
That's when we get to the health care and so
That's why they say, and numerous people have said it,
that you have the early years of retirement, which is
the go go years, you have the middle years, which
you start slowing down, the slogo years, and then you
get to a point where the Nogo years and the
no go years tends to be where healthcare, those type
of expenses increase. So when we build out a plan,
(15:04):
you know, we factor in the early years. Maybe you
still travel and you want to do the things, so
the costs go up, and then they go down a
little bit, and then potentially they go back up a
little bit.
Speaker 3 (15:14):
We hope not. Uh.
Speaker 2 (15:15):
That's why staying in the best shape possible. Another one
in you know, I'm in the We're in the people business,
so i do a lot of public speaking and I'm
talking to people all week.
Speaker 3 (15:25):
And some may know my.
Speaker 2 (15:26):
Wife, Chelle is a social butterfly, the office manager at
the office, and she can literally talk to people seven
days a week. But by by the weekend, I have
to say I have to turn it off a little bit,
and she goes, you're never social on the weekends. I'm like, well,
I talk for a living five days a week. So
but for retirees that is an important piece because your
(15:48):
friends at work probably were the ones you talk to
a lot. Now you're retired and maybe you can only
talk to your spouse so much.
Speaker 3 (15:55):
I'm just kidding. I shouldn't have.
Speaker 4 (15:57):
Said that's relationship.
Speaker 3 (16:00):
I know. I know, I'll soon as you to point
that out.
Speaker 2 (16:03):
But those relationships you got to have some activities where
there's where there's some social so pick up on that.
Maybe it's continuing education. I've just had one of my
clients so retired last year. That's what he did. He
didn't have his.
Speaker 4 (16:17):
Degree, and uh no, fantastic.
Speaker 2 (16:20):
You know it's in something that he really wanted to.
I have a brother in law that owns a medical
staffing company in the Twin Cities here, who's kind of
He says he's still working, but we know that's not
exactly the case, and he's going to go Actually he's
always wanted I didn't know this go to to go
(16:41):
to auctioneer school, and I didn't blame at first. So
guess what, he's going to auctioneer school in March. So
it's whatever you've had on your to do list or
the goal list that you haven't accomplished that guess what
maybe that's what you should you should set out to do.
Speaker 5 (16:56):
I love the idea too of maybe you know, all
your work life you didn't have time to give back
the way you wanted to, And I think giving back
is really important in your retirement years.
Speaker 2 (17:06):
Numerous of our clients are big into volunteering. You know,
they're big into it. It's a passion of theirs, whether
at the hospital, whether at the church, of a whole
bunch of different ways you can do it. So I
completely agree. And you know what's better than helping others
you know that.
Speaker 3 (17:20):
Really need to you very fulfilling.
Speaker 2 (17:24):
And again another one is because we you know, we
visit with lots of different personalities, as a lot of
people do. But maintaining a positive attitude is so extremely
important because, let's face it, we have those that are
negative elais and those that are super positive. An opt
mystic approach goes a long ways. It creates resilience, more happiness,
(17:45):
and isn't that what you really want in retirement? And
I would have to say, maybe something that we could
do to accomplish that is maybe turn off the.
Speaker 3 (17:56):
News a little bit more.
Speaker 2 (17:57):
Now we appreciate the listeners listing and I'm not saying
don't listen or watch any news, but in some people
in retirement, they have a lot of time on their
hands and they never turn the news off, so they're bombarded,
no matter which side you're on, with negative, negative, negative,
and negative.
Speaker 3 (18:14):
And a human being can only take so much of that.
Speaker 2 (18:17):
So that might help to create that positive attitude, because
we have to mind our model has always been faith,
not fear, and if you're living in fear twenty four
hours a day, seven days a week, that is not
a good recipe for retirement.
Speaker 5 (18:33):
You know another thing that you've said many times here
on the show, but I think it bears repeating. You
really want to sort of strategize about how you go
about your retirement.
Speaker 4 (18:42):
I love the idea that you've.
Speaker 5 (18:43):
Said, think seriously before you retire January first, if you
live in Minnesota, for example, because it's snowing and it's cold,
and that may not get you outdoors or get you
move in the way you should. And if both you
and your spouse are going to retire, maybe you want
to think about doing it too different times.
Speaker 2 (19:01):
Yeah, A popular one of staggering at thirty days just
to kind of ease into it.
Speaker 3 (19:05):
And you're right. In Minnesota.
Speaker 2 (19:07):
Numerous times I've heard, Wow, I sure wished I wouldn't
have retired in October, November, December because it was a
long winter. And again I didn't want to slip on
the ice and I'm not really into winter sports, and
I wished I would have retired in the spring. So
it's a consideration that people should look at. And another
thing is, you know, we talk weekly about having a
financial plan creates financial stability, knowing where your money's going,
(19:33):
having a partner that you can rely on to make
sure it is it's doing what it's supposed to be
doing that can reduce stress in itself. And then we
just came off the new year, and you know, some
people call it resolutions. I call it goal setting, setting goals,
you know, to get to somewhere, you got to have
a plan as well. And I'm not not breaking but
(19:56):
it's something that I've been very, very good at for
the last dozen years. I don't know if you've done
your goals for the year yet. Yes, I have, they're
in my office down. Oh, I guess you already did.
So I think setting goals is important. Maybe that's being
the new year, we just had a will, trust and
Legacy class. You know, people have been talking about putting
in a state plan together for ten twenty thirty years.
(20:17):
Why not this make Why not make twenty twenty six
the year that you accomplish that, or have a financial plan,
or just have to find a new partner. Maybe you're
not getting that attention, and at Haven Financial Group we
would love that opportunity in any capacity in any of
these retirement areas, because that's really what our specialty.
Speaker 5 (20:37):
It's a new year and it can be a new you.
The number is six one two five zero four eight
four zero zero. That's how you get hold of the
folks at Haven Financial Group. Tell them you hurt us
here on the radio and you'd like to set up
a free consultation. Come in and meet the team and
say if this is a partnership that you can move
forward in the new year.
Speaker 4 (20:57):
Again, it's six.
Speaker 5 (20:58):
One two five zero four eighty four hundred.
Speaker 4 (21:01):
When we come back.
Speaker 5 (21:03):
Turning your hobbies into passions, that's right.
Speaker 4 (21:06):
Here on the Haven Financial Group Radio Show.
Speaker 1 (21:09):
Ready to find your financial safe haven. Your dream retirement
is in reach. Don't go away. The Haven Financial Group
Radio Show will be right back are you worried that
your financial strategy might be missing something, Well, you're in
the right place. Larry Kolvig is back and ready to
help you find your financial safe Haven.
Speaker 2 (21:31):
Good morning once again, and welcome to the Haven Financial
Group Radio Show. I'm Larry Kolvig, Founder and CEO of
the Haven Financial Group. I hope your twenty twenty six
is off to a great start, and feel free to
give us a call. We'd like to enter the new
year visiting with you. Six one two, five zero four
eighty four hundred our visitors at Havenfinancialgroup dot com. Check
(21:53):
out all of our educational classes. Attend them. You're more
than welcome to attend them, most of them. Oftentimes there's
a waiting list, and again they truly are education. Materials
are provided, and again, what's better than education, especially as
we get closer to retirement. Because I've said for years,
do we all remember those classes growing up that taught
(22:16):
us how to make all the perfect retirement decision? And
I have yet to really have anybody say, yep, I
remember all of those Perhaps if you do, Kim.
Speaker 3 (22:25):
Let's let me go.
Speaker 5 (22:26):
I'm lucky if I can remember yesterday, and I know
I did get those classes.
Speaker 4 (22:30):
That's for sure.
Speaker 5 (22:32):
Before we continue our conversation about a fulfilling retirement, I
want to ask you a couple of quick questions because
I know here we are the first month of twenty
twenty six, and it really this is the time to
start thinking about tax issues because you know it's easy,
and I know you say this all the time, Larry.
It's easy to just take your taxes over and drop
(22:54):
them off and get them back and say, wow, I'm
writing another check again this year?
Speaker 4 (22:58):
What is going on?
Speaker 5 (23:00):
It seems to me this is the time that you
want to meet with the tax expert and start making
some plans. So this year maybe turned out a little different.
Speaker 2 (23:08):
Yeah, With the start of the new year, people will
start receiving those tax davids from those investment accounts wherever
you're getting interest, so they'll start getting those most people
a lot of people know that Lance Larson is our
CPA at Even Financial Group and his assistant Melissa, we
have taken a lot of appointments for his first quarter
(23:29):
already because of tax preparation. Want to be proactive. But
then again, how that would start is bringing your stuff in,
having a consultation with him, right now, a lot of
people just all they do. You said it very eloquently.
They drop off and pick up, and they don't even
talk to their financial person and they miss opportunities. Fourth quarter,
(23:53):
we did a lot of roth conversion, We did a
lot of tax planning. We executed some trades and tax
loss harvesting a variety of things. But that was done
because we had conversation with our clients. Just last week,
I had two different newer clients, newer couples that came
on board, and they missed opportunities. They missed the deadline,
(24:14):
and they did it. They missed the deadline because nobody
helped them, nobody talked to them, and they didn't know
any different. It wasn't their fault. Who was that fault was?
Speaker 3 (24:24):
There was no assistance.
Speaker 2 (24:26):
So right now is really good time to have that
tax meeting. Schedule your tax preparation meeting. And then, of
course it doesn't end with April fifteenth, It doesn't lance
at that point says, let's get this together in the summer.
Let's get together in the fall. At least, let's see
where we're at and guess what it leads to. No surprises,
(24:50):
no big tax bills, that you weren't planning on. And
guess what, people leave his office smiling. Yes, you can
leave it not tax person's office smiling because they knew
exactly what to expect.
Speaker 3 (25:03):
You don't find that for me.
Speaker 4 (25:04):
No, you really don't.
Speaker 5 (25:05):
And it really is important because I think sometimes we
do get just too comfortable, frustrated but comfortable, and we
write a check and we're frustrated with it, but we
do it, and maybe we've missed an opportunity. So again,
if you have some interest and you'd like to talk
to somebody about your taxes, let's you know, start there
six one two, five zero four eighty four hundred of
(25:26):
the folks that have been financial group can certainly help
you out. We've been talking about a fulfilling retirement, not
just a retirement, but a fulfilling retirement. And there's a difference.
You know, you can you can not go to work
and sit on the couch, or you cannot go to
work and start to really live. We've talked about a
number of things and we now want to just chat
(25:47):
a little bit about turning your hobbies into passions. I'm
not sure, Larry, when people get ready to retire and
as a part of I think what keeps some people
from retiring. They're afraid that they don't have enough hobbies
and they don't have enough passions to fill their time.
Speaker 3 (26:03):
True, true, some people have a lot.
Speaker 2 (26:05):
A lot of people don't have any. So what is
your purpose going to be? What are you going to
fill your time in retirement with? Engaging in those hobbies
we talked about, can enhance enhance mental and physical well being.
It can provide some structure, you know, going to the
gym for a couple hours. It can you might build
some new social connections. I just want to mention some
(26:26):
of the things that we have heard many, many times
from retirees that are happy. Hopefully they planned accordingly. And
all these hobbies I'm going to talk about, they all
cost money. So that's why it's important to factor these
into your retirement plan. But a lot of my clients
they love to travel. Well, I like to travel, My
wife likes to travel, explore new new destinations. People ask
(26:50):
me all the time, are you going to do what
you think? You're going to buy a house in a
different state. Well, act the answer right now is no,
because then I feel obligate. I got to go to
this place every time, and we'd like to explore new ones.
We're gonna be heading on our thirty year wedding anniversary
bucket list to a new destination. If you want to
(27:10):
know where it is, come on in and visit with me.
Six one, two, five, four hundred. One that is popular
is gardening. You know, I have a Beverly at her office,
her and her husband. She's still working with us part
time and she's a bundle of joy. But they do
a lot of gardening. A lot of our clients do
a lot of gardening. And what's better than fresh produce.
(27:33):
Remember I grew up on a dairy farm. Grandpa and
grandma had a huge garden, and every spring my dad's
having fresh vegetables, and I'm like, would you please send
some towards me? So gardening is a big one. You know,
Golf a lot of clients. I love golf. Now, I'm
going to preface it by saying I almost pursued golf
as a career, but then I started this company eleven
(27:55):
years ago and I haven't played golf since. And I'm
not complaining I almost pursued it as a career, but
I have to say we did a family event over
the holidays, and we went to the new launch pad
in Prior Lake, which is kind of like top Golf
brand new place, really good and I'm not trying to
plug a launch pad in Prior And I swung a
(28:16):
golf club for the first time eleven years.
Speaker 3 (28:19):
By the way, that's outside it was.
Speaker 2 (28:21):
It was freezing cold, and because there was when the
heater wasn't doing what it was supposed to, I could
tell I had swung a golf club in twelve years.
Eleven years, that's for sure. But it was a great
family event and it was fun. So again that's just
some of thing. There's many others as.
Speaker 5 (28:35):
Well, you know, in the Twin Cities area in the
summer months, fishing, I know has to be something I'm crafting.
And of course, like we mentioned, volunteering and learning. I
think those are two that are really important to a
lot of people. To extend your learning and to your
you know, you keep your mind active, I think that's
(28:56):
so important. And to volunteer to help others and pay back.
I think that makes a big difference in people's lives. Yeah,
if you stop and you think about it, Larry, you
probably have more interests and more hobbies than you might think.
You just never sort of turned them into they were
when you got a second they weren't. Wow, I'm going
(29:17):
to get up on Tuesdays and that's what my tuesdays
are going to be filled with.
Speaker 2 (29:21):
Yeah, So now if you have more time on your hands,
why don't you utilize it. Another one that you might
find interesting is I can think a loud of several
of my clients that sing in the church choir. They
just did the Came Off Christmas, the Christmas Choir cantata.
Speaker 3 (29:37):
So music is something.
Speaker 2 (29:39):
I have several clients that, even in retirement, they do
gigs and they're in bands. I won't mention their names,
but actually several clients that are in bands. This one's
not for me, but I've married a really really good
cooking classes. I hear that quite often. Actually you won't
find me at that class, but that's because I'll leave
(29:59):
that up to Rochelle.
Speaker 4 (30:00):
Well, I'll tell you.
Speaker 5 (30:01):
And the other thing that I hear that's kind of
a common thread through all of these is that they
are also a social event. There are other people there
and it's opportunities to interact.
Speaker 4 (30:11):
And you said this earlier, and it's so true.
Speaker 5 (30:14):
Much of our friend base is at work, and when
you're no longer going there, you're sort of out there,
no pun intended fishing for a new crew. And these
are great social events as well.
Speaker 3 (30:26):
They are, they absolutely are.
Speaker 2 (30:29):
We actually do some women and wine events, we do
some other events. So again I encourage listeners to go
to our website check out those events and classes. We
like to have a lot of fun with these retirement topics.
Some of these can get a little boring, let's be honest,
but they're very, very important.
Speaker 3 (30:47):
You know I mentioned these hobbies.
Speaker 2 (30:48):
All of these hobbies, some more than others, costs more
than money. That's why a budget, an income budget and
income plan needs to support it.
Speaker 3 (30:59):
So do you have a plan? What is it?
Speaker 2 (31:02):
Has it been revisited, how long? Or does it need
to be modified and changed? Or if you can't answer
any of those, maybe it's time to pick up the
phone and come visit with somebody where you can have
some peace of mind to know, Wow, we do have
a financial partner, a financial advisory firm, and that can
help us in any or all of these retirement areas.
Speaker 3 (31:23):
You don't have to do it alone. You don't know
you don't have to.
Speaker 2 (31:26):
Say I don't know what I have, And maybe that's
consolidation and simplification. I just had a forty five year
neo natal nurse in this week and she had things
sprout out all over the place, and she goes, I
need help putting this together.
Speaker 3 (31:43):
And guess what.
Speaker 2 (31:44):
We have the privilege that Haven Financial Group to be
able to do that, and it's what we do for
a lot of So if.
Speaker 5 (31:49):
You're looking for a partner, folks in twenty twenty six,
let's get started. Six one two five zero four eighty
four hundred. That's six one two five zero four eight
four zero zero. Get them a call today. All right,
when we come back our final segment of this show,
we're going to talk about some of the mistakes that
we want to sort of put out there, red flags
(32:10):
that you should be keeping an eye on to make
sure that your retirement isfilling and that you're not actually
sabotaging your lifestyle.
Speaker 1 (32:17):
M don't go too far. We're gathering more important insights
and retirement ways. Devinent the Haven Financial Group Radio Show.
We'll be right back. Stick around. You've got questions, We've
got answers. Your tune to the Haven Financial Group Radio
Show with your host Larry Kolvig and Kim Karragan. Now
back to the show.
Speaker 2 (32:39):
Good morning once again, and welcome to the Haven Financial
Group Radio Show. I'm Larry Kolvig, founder and CEO of
the Haven Financier Group, celebrating eleven years, and we encourage
you to give us a call if you have any
questions worries about retirement reservations, if you've had questions like
a lot of people do for years, why not get
those questions answered again six one two five oh four
(33:01):
eighty four hundred, or just shoot us an email at
info at Haven Financial Group. Anyway that you like to communicate.
We'll do our best to communicate or come in more
importantly that way. Most of our clients are eyeballs and
handshakes and it's more of a human relationship. Or if
you're a zoomer, we will do that, but it's not
(33:22):
our preference that will leave that for the younger generation.
Speaker 4 (33:26):
Yeah, who never talked face to face?
Speaker 5 (33:27):
Right all right again to number six one two five
zero four eight four zero zero. And also want to
remind everybody about the Haven Financial Group website. It's Hanfinancialgroup
dot com. That's where you find information about these informational seminars.
These educational seminars, they range in topics from social security
(33:49):
to taxes. I know that you guys have all different
topics that people can find there on the website and
different locations around the Twin City area where people can attend.
Speaker 2 (34:01):
We do, and we have them throughout the whole year,
and we got our first quarter. I think it's all
on the calendar, and you're right. We do a variety
of different educational classes and we'll be doing the local
police department again. Because we filled every class fraud prevention.
Every year it gets worse. So again I encourage anybody
that's listening, in clients or friends or family or anybody,
(34:26):
it's a great place to start, just to see, well,
who are these guys and maybe you'll be surprised. But
at the end of the day, it's all about retirement
and planning for it. And it's never two times, never
too early to start. If you're younger and you're listening
right now, there's a lot you should be doing to
prepare for successful retirement. Whether you're twenty or thirty or
(34:50):
forty or any age, now is the time to start
planning for it, because again, as far as money goes,
the power of compounding is powerful, and you might be
surprised at the end that when you get to retirement
how much that paid off in the long run.
Speaker 5 (35:04):
We've been talking about a fulfilling retirement and we wanted
to sort of end the show today talking about some
of the lifestyle mistakes that you should watch out for,
and we realized that a lot of these are just
the opposite of what we've suggested that you do do.
But I think sometimes we have to hear these out loud.
So if any of these resonate with you, you know, you
(35:25):
may want to come in and sit down with members
of the Haven Financial Group and say, hey, this is
a problem that I have and how could it be resolved.
Speaker 4 (35:33):
Let's start with the first one, which was one of
the things you want to do.
Speaker 5 (35:37):
Is take care of your mental health, and when you
ignore it, you really run into problems, especially in retirement.
Speaker 3 (35:44):
Yeah.
Speaker 2 (35:45):
Well, mental health is real, and I think there's a
variety of reasons why as a society it's become more
relevant that I ever remembered. You know, we lost our
jeweler this past year at about age fifty. Most upbeat
sort I've ever seen in my entire life, and mental
health got him. Probably was neglected, and we don't want
(36:06):
to neglect it. And without that work related to structure,
you know, retirees may face anxiety what do I do now?
Which can lead to depression and then cognitive decline. You
want to stay sharp, maybe you should be taking classes
or some sort of thing to stay sharp. Maybe that's
attending lectures, some sort of courses, you.
Speaker 3 (36:26):
Know, I find it.
Speaker 2 (36:28):
We send out a Haven quarterly newsletter every quarter and
in there, I think it's called it's a sadoku. Sadoku
and i'd ever know, you know how much people do these,
and so I think it was one quarter last year
we took out the sadoku and our quarterly newsletter. My
(36:49):
phone rang up like a Christmas tree because Larry, what
are you doing taking that out?
Speaker 3 (36:53):
We do this.
Speaker 2 (36:54):
We do this every single quarter, and we look forward
to it. I'm like, it's going to go back in
that quarterly newsletter reach single time. So it tells me
some retirees that we work with I try to stay sharp.
Speaker 1 (37:05):
I love that.
Speaker 5 (37:07):
We've mentioned it many times, but I think it's one
of the most important parts of retirement, and that's building
a social network. And when you fail to build a
social network, unfortunately what we just mentioned mental health becomes
an issue.
Speaker 3 (37:21):
Yeah, that's you got to have some You got to
be social.
Speaker 2 (37:24):
I mean, I know not all of us are social
all the time, but you've got to have some social skills.
So whether it's volunteering, as we talked about, joining some
sort of club, maybe you're still in a billiard's league,
I don't care what it is.
Speaker 3 (37:38):
Some sort of community activity.
Speaker 2 (37:40):
I think that should be certainly a priority, hanging out
with family and friends, whatever that may look like.
Speaker 3 (37:46):
And again and again.
Speaker 2 (37:48):
Another one is we talked earlier losing a sense of purpose.
There's got to be some meaningful that's going on in
your life. There's got to be some goals that you
need to be set. You got to do something. Another
one that I think is important, and I know a
couple of on our staff they mentor younger kids, they
do mentoring, or they bring in those that need help
(38:12):
for a short period of time. So there's a variety
of ways. Ones that we're not even mentioning. So staying active.
Another one where I have some that are really into
is believe it or not. Ballroom dancing. In fact, recently
I was with I think she's ninety years young, and
she ballroom dances about four or five years ago at
(38:33):
the age of ninety. So that's what she loves to do.
Guess what, she's still doing it until she can't do it.
Speaker 4 (38:39):
I love that. That's great.
Speaker 5 (38:42):
She's running through shoes she must be going for she's shopping,
she's dancing shopping dancing.
Speaker 4 (38:47):
That's terrific. And we've mentioned this so many times.
Speaker 5 (38:50):
But you know, travel it Travel doesn't have to always
be extravagant. You know, travel could be some of those
day trips that you wanted to do for such a
long time and again you had a place of work
and you couldn't get there.
Speaker 2 (39:04):
Yeah, it can be a variety of things. Things that
are expensive and those that aren't so expensive. I have
numerous clients that have, you know, a not so fancy
trailer or some sort of thing. They hang out in
state in state and national parks and they love it. It's
what they do. There's not a huge cost to it.
When I mentioned travel, what I will say to that
(39:26):
is sometimes people, have you started traveling or retirement yet?
Speaker 3 (39:29):
No, No, we're going to get around to it. We're
gonna get around to it. Well.
Speaker 2 (39:32):
Remember sometimes health plays a role in the planning and
in life. Do it why you can still do it
when you still can get around. I know we were
somewhere recently on a vacation, my wife and I and
we saw this elderly couple. Noted they're still traveling, but
(39:53):
they were really challenged in the traveling process getting around mobility,
ugging those suitcases. So do the travel when you can
still do the travel. Don't wait until you're not able
to do it in the way that you wanted to
do it well.
Speaker 5 (40:09):
You don't want to travel to be a burden. You
want that to be a fun and exciting.
Speaker 4 (40:13):
Thing to do.
Speaker 5 (40:14):
And I think finally larry the fact that all retirees,
regardless of what it is that you want to do
in your retirement, you need to somehow put together some
structure and routine because the fact of the matter is,
I don't care how much fun you're having, we all
need to get to some kind of routine at some
point we do.
Speaker 3 (40:34):
We have to have some structure. We just can't wing
it every day.
Speaker 2 (40:37):
And that may be a mix of exercise, a leisure activity,
a social activity, a meditation or a personal growth activity,
attending a Bible study a few times a week, whatever
that is for you, buddy, You're right, it takes structure,
and without that, you might find yourself sitting on that reclienter,
(40:58):
watching the news, putting yourself down through the negative Nelly news.
And that is not a good recipe for retirement. And
I hope people don't choose that.
Speaker 5 (41:08):
Retirement is a wonderful time in people's lives, it really,
and it can it can be anything and everything you
want it to be. But you need a plan, right Larry.
I mean, as you've said so much so many times here,
you know, hope is not a plan.
Speaker 3 (41:20):
Yeah, A failure to plan is a plan to fail.
Speaker 2 (41:23):
So as I talk about all the retirement puzzle pieces,
if you haven't looked at your portfolio, if you don't
know how much risk you have in it, if you
don't know what you're paying.
Speaker 3 (41:33):
It's the start of the new year.
Speaker 2 (41:34):
Maybe now is a good time a state planning, a
will or trust or legacy planning. You've been putting it off,
Now is a good time. A big focus of ours
this year is going to be not because people like
to talk about. It is going to be life insurance
reviews and long term care discussions. We don't want to
talk about them, but a lot of life insurance old
(41:55):
policies are eating themselves up and they're not going to
do what you want them to do. And surprise, and
it's not a surprise. You want to see long term care.
Nobody wants to talk about it. Yet seventy percent of
us are going going to go into a nursing home.
Statistics say there's much better options than there used to be.
Healthcare and medicare and insurance stuff is kind of wacky
(42:15):
right now. We want to make sure you're in the
right plans for the right cost, with the right carriers
and the right doctors. Do you have a partner in
those areas, tax planning and preparation? Now is the season.
Give us a call. We'd love to visit more about you.
All of this sounds may be overwhelming. It doesn't have
to be. With a good partner that can hold your hand,
(42:37):
walk you through it and have conversations as many as
you want. That can be accomplished, and you might really
be surprised.
Speaker 5 (42:44):
Six one two five zero four eight four zero zero
that's how you take the first steps to putting together
a portfolio that gives you a fulfilling retirement.
Speaker 4 (42:54):
Larry, thank you.
Speaker 3 (42:58):
Great to be with you. I look forward to next week.
I read have a blast week.
Speaker 5 (43:02):
Investment advisory service is offered through Guardian Well Strategies LLC.
Haven Financial Group and Guardian Well Strategies LLC are not
affiliated companies. Investments involve risk, and, unless otherwise stated, are
not guaranteed. Please consult with the qualified financial advisor and
or tax professional before implementing any strategy discussed herein and
comments regarding its safe and secure investments and guaranteed income
(43:25):
streams only refer to fixed insurance products.
Speaker 1 (43:27):
They do not refer in any way to securities or
investment advisory products. Fixed insurance and annuity product guarantees are
subject to the claims paying ability of the issue.
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