Financial fulfillment in retirement

From football player to Certified Financial Planner to podcaster, Joe Allaria is passionate about educating his clients and his listeners.

He spoke to us about the 3 levels of financial retirement.

Level one: Survival – Can I pay my bills when I retire? Typically, people that have this fear have not worked with a financial planner and are simply guessing at their financial state.

Level two: Survival plus – I can pay my bills, maybe take a trip or two, contribute to a charity of my choice.

Level three: True retirement fulfillment – this is where you begin to think about all that is possible now that you are not working.

He answered a lot of our questions about how to approach retirement planning, reviewing you goals and desires.

Joe shared a resource with us called:

10 Questions to ask before hiring a financial advisor. You can find it here. Financial Guides | CarsonAllaria Wealth | Glen Carbon, IL

If you’d like to hear more Hey, Boomer episodes, please subscribe on 

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You can email me with questions or comments at wendy@heyboomer.biz

Wendy Green is a Certified Life Coach, working with people going through the

sometimes uncomfortable life transition from full-time work to “what’s next.”

Find out more about Wendy’s 6-week “What’s Next Transition” Coaching workshop

You can find Joe’s podcast at retirementpowerhourpodcast.com

Transcript
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Hello and welcome to the Hey Boomer show.

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My name is Wendy Green and I am your host for Hey, Boomer.

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I had a very short night of sleep last night.

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I got a phone call about one in the morning from my stepdad telling me that my mom was

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going to the hospital in an ambulance.

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And so I drove over to get him.

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And we had a very harrowing drive going through very dense fog to get to the

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hospital. And I was very pleased with the thoroughness of the tests that they did at

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the hospital. They did everything.

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She presented with a lot of gastro issue issues.

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But what turns out is she has COVID and he probably had COVID the week before.

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He is doing fine.

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And she is now home resting comfortably.

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And I am keeping my fingers crossed that after spending all of that time with them in

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hospital, that I am not the next one in the family to come down with COVID.

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But I'm telling you this story because typically we think of COVID symptoms as the

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cough and the fever, which is what Dawn had her husband.

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She did not really have that.

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She hasn't had a fever.

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She had some cold symptoms, but hers was mostly stomach issues.

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She couldn't keep anything down, hadn't eaten in a day or so.

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We were worried about dehydration.

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But if you have any of those symptoms fever, cough, stomach distress, whatever, go ahead

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and do the COVID test.

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I'm sure everybody probably has the COVID home test now and just do it so that you are

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sure that you do not have COVID and you do not go out and expose anybody else to the

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virus because there's a new strain.

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The hospital was telling us, and they are seeing the numbers go up.

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So that's your public service announcement for today with, Hey, Boomer, I'm on a mission

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to support and inspire adults in this next act of life, to find new beginnings, to

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confront endings in transitions, and to find meaning and purpose in their lives.

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And from many of the people that I talked to about what's next in their life, they are all

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looking for a way to make a difference, to feel like their life is meaningful and they

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have a way to give back.

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They have a way to participate in in their community and their families and their lives.

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And my guest today, Joe Alegria, is the co founder of Carlson Hilaria Wealth Management,

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which is an independent registered investment advisory firm located in Illinois,

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where he lives with his wife, Jackie, and their two sons, Brooks and Bennett.

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And Joe is also the host of the Retirement Power Hour podcast, where he helps the 50

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plus crowd invest more wisely and retire better.

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On his podcast, he discusses topics like investment, retirement planning, behavioral

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finance, taxes, Social Security, Medicare and more.

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And in fact, I was a guest on Joe's show a few weeks ago.

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So we talked about the more the lifestyle.

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Joe also has been featured in the Wall Street Journal, USA Today, CNBC, Yahoo

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Finance and NASDAQ dot com.

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So I'm sure we're going to learn a lot from him and have a really good discussion.

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Before I bring him on, I want to thank Rhodes Scholar for their support of Hey,

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Boomer road scholar is the not for profit leader in educational travel for boomers and

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beyond. They have trips to all 50 states and over 100 countries.

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And you can get to their site and preview some of their trips by going to Rhodes

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scholar or a scholar dot org slash.

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Hey, Boomer.

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I also want to remind you that I am hosting a trip to Costa Rica with Rhodes Scholar June

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2nd through 10th, which is going to be an amazing adventure.

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I'm so excited about it.

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We do still have a few slots left for adventurous travelers.

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I would love to have you join us.

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So if you're interested in finding out more about the Rhodes Scholar trip that I'm

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hosting to Costa Rica, just drop me an email.

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Wendy at Hey Boomer Bizz and I will send you some more information.

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So come and join us.

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And with that, announcements are over.

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Let me bring Joe on and start talking about this.

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No.

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Hi, Wendy.

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Glad to have you on the show today.

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Well, thank you. Yes, thanks for having me.

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It's a pleasure and an honor.

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And I love listening to your show, so it's awesome to be on it for once.

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Thank you.

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And Anna Lee dropped me an email if you want the information rather than posting it here

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in the chat. So as I was saying to you, Jo, before we came on live, I saw that you played

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college football and majored in marketing and now you're a certified financial planner.

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So I'm curious what made you move into that direction?

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Yeah, good question.

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It was probably could have could have been luck or happenstance, but when I graduated

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college, it was at a time where the job market wasn't near what it is today.

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It was very difficult to find employment and I was having a hard time finding a job in my

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area. And so I was literally going through my phone book and just calling people

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contacts that I knew and whatever business and just saying, do you have anything?

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And so I ended up calling someone who was a former coach of mine and owned his own

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financial services company.

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So that's how it all got started.

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I thought I was going to go there and maybe do some marketing for them, but it turned out

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that I studied to get licensed as an advisor and really liked it and enjoyed it and and

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just continued with that.

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And that was I was gosh, I had to remember what year it was over 11 years ago.

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So I've been doing that ever since I got out of college.

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And then you went on to get this sort of financial certified financial planner

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designation, which is really a tough designation to get.

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Yes. And that was a few years into my career.

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And I and I thought to myself, if I'm going to do this, I want to do it right.

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And I want to get not only just get the credential, but I want to be knowledgeable.

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I want to be able to do a good job at what I'm doing.

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I want to know what the top financial planners are thinking about and talking

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about. And at the time when I got the CFP, it was popular, but not nearly as popular as

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it is today. And today it's it's a good thing.

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It's almost a minimum requirement for a lot of people out there that are looking to hire

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an advisor. That's people are much more aware.

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And I think it's a good thing for our industry because it's a way to separate the

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people that are serious about financial planning from the people that are just out

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there trying to maybe sell a product, a financial product, an insurance product or

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something like that.

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Right, Right.

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Well, congratulations on achieving that.

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Well, thank you.

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So. I was thinking about all the people that I talked to about the what's next program

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that I do. And many times people will say to me, Oh, I have no problem with that.

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I am so busy in retirement, you know, like, I don't need the what's next program.

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And then, of course, there are other people that never took the time to look at what

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they're going to do when they retire and they're the perfect client.

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So I'm wondering with you, like there's a lot of people in certainly that in my age

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group that I know that have managed their own money, like with Fidelity or something,

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you know, and now they're retired and they're not saving.

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So what would you say to them when they say to you, Well, I don't need a financial

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planner now, I'm not even earning any money?

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You know, this may surprise you, but the people that say that, I would say, okay, you

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know, not not everyone does need a financial advisor.

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And I'm certainly not going to try and convince you if that's what you believe.

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A lot of our clients, though, they don't think that they they want help and they know

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that because they had an entire career doing something completely different, not in

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investing, not in the financial world.

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They don't have the expertise to put themselves in the best position during

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retirement. So that's really gratifying for me and for our team is to work with people

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that want to be helped and know they need help, and we're able to deliver that that

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help for them.

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Now, I could I could try to convince those out there that say, I don't need an advisor.

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But it's generally not worth it.

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But there's also a difference in what we do, Wendy, and what people think advisers do.

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And when I say we, I'm talking about our firm.

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Yeah. A lot of.

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People think advisers just pick mutual funds or stocks and it ends there.

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And I guess some advisers still do that.

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But what we do is wealth management and financial planning.

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So all those things in your intro, when you're talking about the topics that I speak

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about on my podcast, The Retirement Power Hour, it is not an investment only podcast

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because we're not an investment only company.

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So I help people look at maybe how to pay less taxes, how to make sure their assets go

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where they want when they pass away.

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That's estate planning.

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We project out how much they can spend and it's really goal driven.

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So our whole idea and goal is to be able to help you do the things that you want to do.

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It's not always about let's just find the investment out there that's going to get me

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the max rate of return.

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I mean, that that would be great if we could do that.

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And if you had a crystal ball.

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Exactly. And we're going to be the first ones to tell you that we don't, but we're going to

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use fundamental fundamentals in investing and create a customized plan so that if you

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mentioned travel again in the intro, if someone wanted to travel and it's going to

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cost a little bit of money, then instead of an advisor just saying, Oh, you should be

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fine and do that, you know, that's very gray and we want to be able to deliver outcomes

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and and solutions to folks where they can feel very confident.

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So when people ask, Can I take a $30,000 trip, I don't just say you should be fine and

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really base that on nothing more than my opinion.

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But we actually pull up their retirement plan.

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Their cash flow projections will enter that what if scenario and we'll see what it does.

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And a lot of times, yes, you can do it, but here is the outcome.

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Yeah, it is going to make you have less money down the road.

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Now, you can't run out, but having a little bit less down the road may not be that big of

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a deal.

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Yeah, depending on where you are.

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If you can do what matters to you now, hardly anyone's ever come in.

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I don't know if anyone ever has come in and said, I want to have as much as I possibly

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can when I'm 100 years old.

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You know, that's generally that's not the goal.

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So. Right.

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Yeah. And I know from our conversations that you get a lot of fulfillment helping people

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reach their goals and find ways to to find their own fulfillment with the money that

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they've worked hard to raise.

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So I imagine that was part of your motivation for starting the Retirement Power

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Hour podcast?

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Absolutely. You know, that's all about education, and it started out of the COVID 19

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pandemic of 2020.

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In fact, it was something that, you know, a lot was happening every week, I mean, even

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day by day, and not only the world, but the market.

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And so that started as a way for us to send information quickly to clients as I started

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hosting these webinars.

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And I would make them live just like this one, people could come on, ask questions, I'd

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explain what was going on in the market, and then over time the market started to

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stabilize a bit, much more than than what it was doing at the time.

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So the focus of the market went away a little bit and but I wanted to continue doing

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that sort of communication.

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So we went from once a week to once a month, and then I just did educational webinars on

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all these different topics tax planning, retirement investments, behavioral finance,

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insurance, Medicare, Social Security, just to educate.

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And we kept that going.

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And just in 2022, we started it as a podcast.

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So we've been doing the retirement power hour for a few years, but it became an

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officially became a podcast in 2022.

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But I've done that, you know, for years in the form of written articles as well.

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So we've got over right at this point.

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I think it's it's got to be close to 90 blog posts on our website from that have

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accumulated from the past five, six, seven years on all those various topics.

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And those are, you know, I've written those just just to educate.

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They're really great for our clients, but they're also good for people out in the in

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the general public as well.

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And one of my posts just recently, we we found out it got over 10,000 views in a

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single month.

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Yeah, that's.

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Great. That really blew me away.

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And people are calling from all over the country asking questions on Social Security.

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So that's it all goes back to education.

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And the last thing I'll say, I don't want to keep talking, but.

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Occasional part of it.

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People at every single turn are given bad and wrong information by media entities and

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the TV. The radio people are they're faced with it all the time.

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And it's if I'm a if I'm a media publisher.

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My incentive or my goal is to get as many clicks as me downloads.

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And the way to do that is to drive and increase fear.

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That's what increases engagement.

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So unfortunately.

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Yeah, we on our show are sort of the anti media in a sense that we don't do the fear

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mongering. We bring it back to education.

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We're not going to tell you what you want to hear.

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We'll tell you the truth.

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And tell you pros and cons, a lot of people will say, oh, all all stocks in this category

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are bad or all for one case are bad or it's never all or nothing.

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Right, right.

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Place for everything. So we believe in education because we're fighting a we're

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fighting a tough battle against a lot of fear entities out there that are pushing

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fear. And we think people need to be smart about this and plan.

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But we're the first to tell you, don't worry, put a plan together, but don't worry.

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It won't add a single day to your life just by worrying about it.

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But if we can help, so let's let's stop talking about fear and let's talk about

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fulfillment. Right.

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So you take your clients through a process of questions, right?

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To help them figure out what are their goals towards fulfillment, as I understand.

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Is that right?

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Yeah. And it's different for everybody.

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And so it's really a it's something that most people can't even answer the first time.

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We can't quite get to what means the most to them.

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And the reason is there is this giant hurdle that is staring them in the face in the form

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of just survival and retirement.

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And I, I often talk about a pyramid of retirement success.

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It's three levels. And that first level is survival.

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And that's just Wendy, hey, I'm going to retire.

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I just need to be able to pay my bills and and survive.

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Can I can I do that?

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And a lot of people, because they don't have a financial plan, I don't mean to be like a

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broken record, but because they don't have a retirement plan, they can't answer that

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question. And some people will even retire.

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Not having answered that question, and they'll just hope I'm just going to retire

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and I should have enough.

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I'm going to take what I get from Social Security and and this and that and make it

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work. Well, they hardly ever can look beyond that first hurdle because they don't they've

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never drafted or had anyone draft a plan for them.

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But that's that's so common.

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That is not uncommon. If that's you out there.

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That is not uncommon at all.

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So once you get past the first level, most people get to that second level that that I

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call survival plus.

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And that just means, yes, I found I could survive in you know what?

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I could do a few things I like to do as well.

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I could take maybe a couple of trips, do some gifting maybe to charities and small

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amounts or whatever.

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But I'm able to mostly maintain my lifestyle and do a few of the things I was that I

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couldn't do when I was working.

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I could. I'm doing a few of those things now.

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But few people get to the third level of that retirement pyramid of success, which is

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that true Retirement fulfillment.

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So in order for us to help someone get there one day, that was a long way of saying we

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have to help convince them that they can get past level one, that they can survive, that

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they can get past level two.

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They can do some of those things that maybe they weren't able to do before.

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And now their mind can open up to just think about what is possible at that third level.

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And those are fun conversations.

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They're very introspective, so they're not financial at all.

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And that's why it's it's a little fun for me to help provoke those thoughts for for

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clients.

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Yeah. So that's things like, do you want to leave your money to the kids?

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What charities do you want to leave money to?

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How do you want to?

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It is money while you're awake.

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While you're alive?

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Yeah. We give examples like that.

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So yes, some people it is, some people like to spend it and and that in their minds, if

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they can travel, if they can experience as much, that is fulfillment for them.

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Others like to leave as much to their children or grandchildren or maybe fund a

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grandchild's education.

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And so we'll help continue to give examples.

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Others are very charitably inclined, so they want to make a difference toward a certain

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cause. And then they can contribute their money there.

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But again, a lot of times people will do it and maybe they'll give small amounts and

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makes you feel good, but maybe it doesn't make you feel like, again, fulfilled, like

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I'm really making a difference.

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And so the best part is if we can help you think outside of the box on.

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How to use your money, and then also how to use your your time time.

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Right. That's where I come in.

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Exactly. But again, you've probably seen this, too.

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But a lot of people, if I'm not certain about my financial future and it's like I

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don't want to bring any change into my life, I just want to keep everything the status quo

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because and it is a little bit of, I think, fear driven.

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I don't want to change anything because I don't want to mess anything up.

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Everything's going good now the way it is.

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And I'm afraid if I change something again, I could throw something off.

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So we talk about how to use your money, but we also talk to clients about how to use

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their time.

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Yeah. So?

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So a question just came in and I was thinking the same thing.

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Susan So if you've reached this point in your life and you have not had a plan.

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So you feel that fear that I'm at level one, I'm survival.

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You know, survival is where I'm at.

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Is it too late to put together a plan?

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No, no, I wouldn't.

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I mean, there's different different parts of that question.

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You financially I'll be again, I'll be honest and tell people if you haven't saved

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and you're not in a good financial position and you're 70 years old, that's a lot

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different conversation than if you started talking to an advisor at 40.

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Now, many people, though, do come to me and to us, Wendy, and they think they're not in

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good shape. And they think that because they don't have maybe they don't have $1,000,000

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in their portfolio.

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But we find that maybe with Social Security and pension income and maybe some rental

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income or other streams of income and an expected inheritance and and low expenses,

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that they're actually in really, really good shape.

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And I've and that's really gratifying to is to to help relieve that fear.

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It's never too late to get a plan.

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That's I always equate things to the doctor if you haven't been to the doctor and in ten

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years and I'm not good about this either, so I need to go to that.

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But if you haven't been to the doctor in a long time, is it too late to go?

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No, absolutely not.

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Hopefully the doctor can say, hey, you're you're doing fine.

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Here are some things to address.

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We'll, you know, here are some goals or.

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Some medicine or hopefully something like a nutrition plan in a rare instance, may they

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say. Hey, we found out that you have you've got stage three cancer.

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They could they could say that.

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And we we we may say that to someone who's really doesn't have a plan and hasn't hasn't

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ever had one and hasn't ever talked to anyone about anything and has no money saved

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up, sometimes we would say that, but there's always a way to make things work.

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And so I never want people to feel discouraged if they don't have a plan.

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Your expenses, you control those.

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So you can you can control those.

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We may not control our the total size of the portfolio fully and how it grows and things

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like that. But you control your expenses and if you're healthy, you can control your

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income because you can keep working or you can work part time, which has a part time or

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that semi-retirement.

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I don't want anyone to look down upon that because that is a it provides extremely

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positive financial outcomes.

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And there's actually studies that have been shown that it provides great psychological

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emotional benefits.

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You know, you live longer, you stay healthy.

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So I encourage people to continue working, even if they don't necessarily need that part

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time income.

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Right. Because it also adds to your feeling of relevance, your feeling of still

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mattering, what matters, what you do, and that you're out there and you're meeting

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people. So I totally agree that there are a lot of benefits to part time work.

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And, you know, I think you make some good points.

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Like we look at our 401 K or our IRA or whatever, and we say, Oh my gosh, I don't

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have $1,000,000 in there.

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I don't even have close to $1,000,000 in there.

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But there are other sources of income, right?

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There is Social Security and inheritance and part time pension.

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Maybe. Maybe you did work somewhere for a while.

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And again, maybe you're healthy enough to continue to work.

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When Social Security was started, the average life expectancy was certainly not

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what it is today.

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And so it's the the Social Security that we all refer to it as Social Security, but it's

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the old age retirement income fund.

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So that's what it's officially called.

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It's I got it pretty close, but oh, wow.

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Age supplemental retirement income.

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So. Wow. Yeah.

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People a lot of people don't know that.

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And no, it wasn't ever designed to help people retire and live another 25 years.

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But but that's kind of what's been happening because we're living longer, which is a good

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thing. But if you can work a little bit longer, you let that Social Security benefit

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delay to age 70.

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You're going to get a lot of what are called delayed credits.

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In doing that, you can work part time till 70 or beyond.

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Again, I think working in staying engaged and staying involved is a great thing again

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financially, but also psychologically, emotionally and you know that as well as

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anyone helping people plan out their lifestyle and retirement.

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But here I am, a financial person saying, you know, don't only work for the better

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financial benefits, but it keeps your mind sharp.

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It keeps you having a reason to get up.

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Maybe not every day. Maybe it's just a couple of days a week.

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But it it keeps someone relying on you.

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And that's a big driver of I think our fulfillment is someone's counting on me to

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show up and do something.

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And so I got to do it because they're depending on me.

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Right? No, I think you make a good point.

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So if you keep working, say, you know, you like what you're doing, you're still working

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75 beyond and we have to start doing those required distributions.

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Yeah.

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If you don't need that to live on at that point because you're still working, can you

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reinvest that?

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Can you save it still?

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You can, yeah.

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So you can reinvest.

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Let's say you, you have a portfolio of stocks and bonds and you're still working or

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you just don't need the money. A lot of clients that we have.

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For those reasons I mentioned they have pensions, Social Security.

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Maybe they're working.

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They don't need the required minimum distributions that are.

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That they're forced to take out.

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So you have to take them out of your traditional IRA.

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You have to take them out of that account, but you don't have to take them out of the

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market per se. You can take the money out of that and move it over to a non IRA account,

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which we just call a brokerage account.

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Or it could be a joint brokerage account with a spouse.

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You could put the money there.

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Now you will have to pay taxes on what you pull out of the IRA.

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Right.

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But you can reinvest the net proceeds back into.

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The stocks and bonds that you held before.

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And a note on that that this might be brand new information to your listeners on this,

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Wendy, but there was a law passed about a week or two ago.

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Secure is the Secure act.

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We call it secure 2.0.

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And the RMD age has actually changed to from 72 to 73.

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So for anyone that was planning to take RMDs in 2023.

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So you are going to turn 72 in 2023.

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You actually don't have to take any RMDs this year, so you won't have to take them

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until next year.

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So a fun fact, but nobody will start taking RMDs for the first time in 2023.

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If you were 70, if you were 72 then last year, if you were 72 last year, you already

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took yours last year, so you'll have to keep taking yours.

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But if you're turning 72 this year.

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You start taking RMD this year.

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Interesting.

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So they keep pushing that that age back which it's some some view it as a good thing and

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then others view it as a bad thing from a tax standpoint because now you're going to

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have larger withdrawals when the time does come, which makes that proactive tax planning

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that we talk about very important in the years leading up to that.

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So to your question earlier, your listeners question, if they're 65 years old, you still

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have now you've got eight years until you hit that RMD phase.

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So there's different phases that there's always planning that can be done.

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Yeah. So with the volatility that we've seen in the stock market lately, you know, like I

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saw I was watching my stocks go up and my IRA go up and I was like, This is great.

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And now it's not has.

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Do you find that people are getting nervous?

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Have they come in and done a lot of talking to you about now?

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I need to readjust my plan.

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I think I think it's natural that people feel uncomfortable.

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Even the most educated investors who know that this sort of thing is expected.

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It's not comfortable.

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So investors, I think, are feeling discomfort.

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But I will say our clients deserve a lot of credit because I don't know at this point,

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even the entire year last year, if I ever received one phone call from a panicked

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client after a big down day in the market, I didn't have to talk anyone off any ledges,

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you know, any hypothetical or figurative ledges here.

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But I.

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That's because I think part of it is they've committed to our process and that is first

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having a plan.

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So we've shown them this is what can happen if the market does come down and here's how

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it affects you.

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Well, if I don't know that and then I see the market coming down, I'm going to panic.

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It's just natural. But if I know that I can I can sustain these downturns.

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And I know that my plan is still looking strong and I'm still on track, I'm not going

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to panic as much.

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The other thing is we're very proactive in our communication.

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So we were sending out videos, recorded videos, making phone calls.

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So I think that helps as well.

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But clients surely and investors surely are uncomfortable.

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And I just when people ask me, I tell them, trust me, I want the market to come back as

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much as anyone does.

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But but I also understand this is just a part of it.

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It's like it's like the weather.

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You're not going to have sunny days.

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365 every day of the year.

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It's just not going to happen. And when it rains for three days straight here in the

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Midwest where I am, we don't start running around in an absolute sheer panic, wondering

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if the sun's ever going to come back out.

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We know it's going to come back out.

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Sometimes you've just got to give it time.

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And here in the dead of winter, it's the same thing.

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As we record this, it's pretty cold outside.

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I don't know how it feels where you are.

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Windy, but it's it's chilly.

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And I'm looking forward to the warm weather.

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But I know it's going to come.

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I've just got to be patient.

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It comes every single year.

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And just like that in the market, it has rebounded every single time that we've had a

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challenge, that the market has had a challenge and the economy or whatever's going

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on.

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Yeah, it's just harder for people that are already retired to see it go down.

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And how long do they have before it has to come back up?

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So tell me this, Joe, If if somebody doesn't have a planner now and they wanted to start

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to find a planner, what what should they look for when they start interviewing people

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to potentially be their planner?

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Well, credentials are one.

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And we talked about those experience.

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I have a guide and we actually put a guide together.

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Ten questions You Can Ask.

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Before hiring a financial advisor.

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So that may be a great resource that we can share.

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You can share with your listeners.

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That's on your website.

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And your show notes.

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No, I have a link. I can send it to you.

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Actually, take that back.

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I think I believe it is on the website.

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You can request it there as well.

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But I look at overall philosophy.

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You know what? What is your service offering?

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And like I said earlier, for us, we believe it's not just about investments.

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So. Someone who I would look for, someone who's not product driven, someone who is

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solution driven and can help you tie the different parts of your financial life

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together. Some call it holistic financial planning, some call it wealth management.

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But that's what I would look for if I wanted.

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Had to recommend a family member or anyone to anything about trying to find an advisor

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that is number one, you know, and understand how they get paid, understand the cost that

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they charge, which in our industry is we have to disclose that any time we bring on a

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client. So it should be straightforward.

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I mean, if you're working with a fiduciary, those are very black and white.

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Here's what we charge.

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So you just understand it and make sure that it aligns.

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And that's what you want, right?

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You don't want somebody that's making a profit off of you in a sense.

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You off of what they sell.

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Right? Right. Stocks.

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You want a fiduciary who just is paid by a percentage.

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Well, I think I think the industry is moving strongly toward that, getting paid for advice

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and a little bit away from getting commissions for selling.

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Commissions.

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Certain mutual funds and financial products.

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You know, and and you see that and we saw it in yesteryears with mutual funds and maybe

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even stock sales and life insurance and annuities.

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Some of these still have commissions.

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And, you know, again, like I said earlier, I'm going to tell the truth.

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I can't say that all of these things are bad.

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You just got to understand what it means for you.

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And so if I call a client and say, I really think we're going to we need to switch out of

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this fund and get this other fund that client never has to wonder, is that because

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Joe really thinks it's best or is it because Joe is trying to hit some sales number before

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the end of the month?

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Right.

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They'll never have to wonder that because they all we don't get paid any.

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No mutual fund company pays us any commissions on any investment.

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Right. Recommendations like that.

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Yeah. And I think that's important to make sure that you don't hook up with somebody

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that does that.

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Yeah, you just need to you need to understand how it works.

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You understand how they get paid you to understand what they do.

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And that's what that ten Questions guide, which yes, our website, my company's website

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is Carson AllAfrica.com.

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So that's where you can go and get that on their guides.

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But you just need to understand their investment investment philosophy, service

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offering and someone who's going to build a plan for you.

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I talk about plan a lot.

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Plan, plan, plan, plan.

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If you ask what?

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How often am I going to meet you?

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What are those meetings look like?

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What do we do in those meetings?

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If you're going into a meeting with your advisor and it lasts 20 minutes and you just

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and they show you your statement and then you leave, Yeah, I guess probably not a lot

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of planning going on there.

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Probably talking about what happened in the market the last quarter and getting you out

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of the office so the next person can come in, if that's all you're looking for, great.

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But if you want holistic advice, then that's not the best fit and that's where the

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transition into retirement.

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There's a lot of stuff to think about.

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And so that's why I think we've created a niche in this area, because we understand,

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even though I'm not retired, I've had a case study of working with hundreds of retirees.

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I know that the challenges that that you're going to face.

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So we're more apt to be able to foresee those to help you, help guide you through

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them, give you a good advice and help you with other things, even non financial as

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well. Yeah, that transition can be tough.

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It can be tough. Yeah.

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Yeah. So this has been really informative.

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I have really appreciated you sharing all this information with us and it's very

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obvious that education of your clients and of this audience is, is a priority for you.

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I just shared your website Carson Hilaria dot com Here's the podcast website retirement

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power our podcast dot.

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Com.

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Where you could hear more about what Joe thinks about retirement and Social Security

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and Medicare and behavioral investing and all of that good stuff.

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So you can check that out at retirement power our.

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Podcast dot com.

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Let's see, I am offering what I'm calling the vitality assessment, which you can find

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on the home page of Hey Boomer Biz and all you have to do is click and down.

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You'll get a download link for that.

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So that kind of gives you an index of where you are.

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Is your glass half full or half empty as you're looking at retirement and your

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lifestyle and what you need to do to get that vitality up.

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So I would encourage everybody to go try and grab that and to also support our sponsor,

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Rhodes Scholar dot org slash Hey Boomer.

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And join me in Costa Rica.

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So my guest next week is Dr.

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Joe Kashani, and he also has a podcast.

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Joe has a podcast called The Living to 100 Club.

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He has a 40 year career as a psychologist and manager of mental health practices

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specializing in the care of older adults.

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He believes that living longer is the new normal and that it is not always easy.

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So his mission is to help us reconnect with our resilience and age with positivity.

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And I always like to leave you with the belief that we can all live with passion.

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Live with courage and live with relevance.

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And remember that you are never too old to set another goal or dream A new dream.

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Joe, thank you again for being a guest on the Hey Boomer show.

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Thank you, Wendy. I appreciate you having me.

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