Tag Archive for: investment Plans for Retirement

Reaching Retirement Goals [Episode 174]

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Attorney-CPA Joe Cordell and co-host Jill Enders are rejoined by Peter Lazaroff, co-Chief Investment Officer for Plancorp, to discuss steps to early retirement. They dive into Peter’s book, “Making Money Simple” as well as the plight of clients who want to retire on their schedule.

Peter describes the “four percent rule” as a financial rule of thumb, while both flawed and dated. He talks about the rule stays reliant on a specific value yielded or returned by your portfolio. He offers insight on how to properly calculate your finances, so you can retire without worrying about running out of money in retirement.

Peter also highlights how the COVID-19 pandemic may affect the retirement plan, if you are looking to retire at age 55. He emphasizes the importance of understanding monthly expenses each year and how that may be affected without the same amount of annual income.

He describes what he does for his clients, if their retirement projections are off. Peter also talks about what he does for his clients at Plancorp, designing a plan unique to the individual, finding tax opportunities, and helping them achieve their goals.

Managing Investment Plans for Retirement [Episode 172]

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Attorney-CPA Joe Cordell and co-host Jill Enders are rejoined by certified financial planner John Gallia, of Gallia Wealth Management Group to discuss ways to navigate investments and retirement amid the COVID-19 pandemic.

John describes how the current political climate, as well as the 2020 Presidential Election, may affect the economic situations of clients, who are looking to retire. He also dissects how to navigate investment strategies and explains exchange traded funds and how they make up investments.

John also describes why one of the biggest fears among clients is running out of money while retired. He highlights why filling in lacking areas of an estate plan may be a helpful for those leery of investing in the current economic climate.

The group navigates “COVID fatigue” and how it may be affecting those with retirement on the horizon, as well as retirees. John highlights options that people have when they run out of money when retired, including reverse mortgages and refinancing the family home.